Tata Elxsi Ltd.

•

tataelxsi.comBSE: 500408NSE: TATAELXSI

Market Cap₹ 21,108 Cr.

Current Price

High / Low₹ 5,950 / 3,354

Stock P/E32.2

Book Value₹ 512

Price to Book8.21

Dividend Yield2.21 %

ROCE28.6 %

ROE21.5 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Software Development and Services: 97.5% • Systems Integration and Support: 2.5%

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 38.1%
Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%
Company has delivered good sales growth of 15.5% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.99x)

CONS

Operating margins have contracted to 22.3% from 32.9%
Stock is trading at 8.2x its book value
Growth is decelerating - 3Y profit CAGR (-5.9%) trails the 5Y trend (11.3%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150 NIFTY200 QUALITY 30

S.No.	Name
1.	TCS	2209.00	16.05	799235.53	4.98	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1035.00	13.87	420027.06	4.64	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1226.55	19.10	332844.59	4.40	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	167.50	12.55	165902.38	6.57	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1502.25	28.67	147240.59	3.39	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4403.10	24.97	130605.33	1.70	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11623.00	29.66	101216.72	3.44	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5390.00	44.21	85027.25	0.74	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1846.90	46.57	81813.62	0.86	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2311.65	23.10	44125.99	2.68	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3360.55	27.01	35647.89	1.73	357.10	12.97	2940.10	11.47	27.70	18.65
12.	TATAELXSI	3387.75	206.90	21107.62	2.21	170.60	18.17	1021.11	14.46	28.57	21.15

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	850	882	914	906	926	955	939	908	892	918	953	994	1,021
	599	618	644	645	674	689	693	701	705	725	731	749	830
Operating Profit	251	264	270	261	252	266	247	208	187	193	222	245	191
OPM %	29.57%	29.89%	29.55%	28.84%	27.23%	27.89%	26.26%	22.86%	20.93%	21.06%	23.31%	24.61%	18.71%
	22	31	35	34	32	64	40	43	38	49	-50	51	41
Interest	4	6	6	5	5	5	5	5	5	4	4	4	3
Depreciation	21	25	25	28	27	27	26	25	24	23	23	23	22
Profit before Tax	248	264	274	262	252	299	256	221	196	215	146	268	232
Tax %	23.96%	24.19%	24.68%	24.95%	27.07%	23.19%	22.22%	22.14%	26.47%	27.90%	25.56%	17.71%	26.61%
Net Profit	189	200	206	197	184	229	199	172	144	155	109	220	171
	30.32	32.12	33.15	31.62	29.56	36.84	31.95	27.68	23.18	24.85	17.48	35.37	27.38

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,237	1,386	1,597	1,610	1,826	2,471	3,145	3,552	3,729	3,757	3,886
	964	1,041	1,181	1,272	1,303	1,704	2,186	2,505	2,756	2,918	3,035
Operating Profit	274	345	416	338	524	767	959	1,047	973	839	851
OPM %	22.11%	24.90%	26.05%	20.99%	28.67%	31.03%	30.50%	29.48%	26.10%	22.33%	21.90%
	18	45	43	65	40	45	77	122	180	98	91
Interest	1	1	1	7	7	10	17	21	20	18	14
Depreciation	27	25	25	43	44	55	81	99	105	94	92
Profit before Tax	264	364	433	352	512	745	938	1,049	1,028	825	861
Tax %	33.86%	34.04%	33.09%	27.34%	28.08%	26.27%	19.45%	24.45%	23.67%	23.84%	23.98%
Net Profit	175	240	290	256	368	550	755	792	785	628	655
EPS	28.07	38.54	46.56	41.12	59.11	88.26	121.26	127.21	126.03	100.88	—
Dividend Payout %	28.50%	28.54%	28.99%	40.12%	81.20%	48.15%	49.97%	55.03%	59.51%	74.35%	—

COMPOUNDED SALES GROWTH

10 Years:: 13%
5 Years:: 16%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: 15%
5 Years:: 11%
3 Years:: -6%

STOCK PRICE CAGR

10 Years:: 16%
5 Years:: -7%
3 Years:: -23%
1 Year:: -42%

RETURN ON EQUITY

10 Years:: 33%
5 Years:: 33%
3 Years:: 29%
Last Year:: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	31	62	62	62	62	62	62	62	62	62
	527	676	880	1,028	1,290	1,539	2,023	2,428	2,778	2,955
	0	0	0	45	60	118	154	181	139	104
Trade Payables	46	45	55	47	56	84	103	86	123	120
	108	157	139	198	238	357	408	406	445	642
Total Liabilities	712	941	1,137	1,380	1,707	2,160	2,751	3,163	3,548	3,884
	108	94	101	147	170	272	334	396	318	259
Capital Work in Progress	1	2	0	1	7	22	7	2	2	0
	0	0	2	2	0	1	0	1	0	0
	0	0	0	0	0	0	0	972	972	1,079
Cash & Bank	252	394	516	664	860	965	1,192	1,392	1,606	1,669
	352	450	518	566	670	901	1,218	400	651	877
Total Assets	712	941	1,137	1,380	1,707	2,160	2,751	3,163	3,548	3,884

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	241	311	358	345	561	689	672	701	812	664
Cash from Investing	38	-247	-159	39	-438	-108	-202	-270	-308	-73
Cash from Financing	-52	-60	-83	-124	-126	-326	-303	-428	-499	-535
	129	-110	-26	171	-127	49	-18	3	5	57

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	43.92	43.91	43.91	43.91	43.91	43.90	43.90	43.90	43.90
	13.67	13.65	13.27	12.73	12.74	12.53	8.57	11.08	9.85
	6.24	7.38	7.50	8.54	9.79	10.37	12.29	11.39	11.03
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	36.17	35.05	35.31	34.83	33.55	33.19	35.24	33.63	35.21

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Press Release

2026-09-10 - Tata Elxsi Limited has informed the Exchange regarding a press release dated September 10, 2026, titled "Tata Elxsi Invests in KAVIA AI to Scale AI-Driven Software Engineering for Products and Enterprises".

2026-09-08

Copy of Newspaper Publication

2026-09-08 - Tata Elxsi Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Tata Elxsi Limited has informed the Exchange about Copy of Newspaper Publication.

2026-09-01

Press Release

2026-09-01 - Tata Elxsi Limited has informed the Exchange regarding a press release dated September 01, 2026, titled "Tata Elxsi and Sarla Aviation Partner to Accelerate Development of Shunya, India s First Indigenous eVTOL Aircraft.".

2026-08-31

Updates

2026-08-31 - Tata Elxsi Limited has informed the Exchange regarding 'Allotment of Equity Shares'.

2026-08-11

Copy of Newspaper Publication

2026-08-11 - Tata Elxsi Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-27

Press Release

2026-07-27 - Tata Elxsi Limited has informed the Exchange regarding a press release dated July 27, 2026, titled "SCTIMST and Tata Elxsi Forge Strategic Partnership to Accelerate Healthcare Innovation and Medical Technology Development".

2026-07-20

Updates

2026-07-20 - Tata Elxsi Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015'.

2026-07-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-17 - Tata Elxsi Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for TATAELXSI

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Tata Elxsi Ltd.

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Name

TCS

2209.00

16.05

799235.53

4.98

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1035.00

13.87

420027.06

4.64

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1226.55

19.10

332844.59

4.40

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

167.50

12.55

165902.38

6.57

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1502.25

28.67

147240.59

3.39

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4403.10

24.97

130605.33

1.70

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

11623.00

29.66

101216.72

3.44

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5390.00

44.21

85027.25

0.74

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1846.90

46.57

81813.62

0.86

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2311.65

23.10

44125.99

2.68

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3360.55

27.01

35647.89

1.73

357.10

12.97

2940.10

11.47

27.70

18.65

TATAELXSI

3387.75

206.90

21107.62

2.21

170.60

18.17

1021.11

14.46

28.57

21.15

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

850

882

914

906

926

955

939

908

892

918

953

994

1,021

599

618

644

645

674

689

693

701

705

725

731

749

830

Operating Profit

251

264

270

261

252

266

247

208

187

193

222

245

191

OPM %

29.57%

29.89%

29.55%

28.84%

27.23%

27.89%

26.26%

22.86%

20.93%

21.06%

23.31%

24.61%

18.71%

-50

Interest

Depreciation

Profit before Tax

248

264

274

262

252

299

256

221

196

215

146

268

232

Tax %

23.96%

24.19%

24.68%

24.95%

27.07%

23.19%

22.22%

22.14%

26.47%

27.90%

25.56%

17.71%

26.61%

Net Profit

189

200

206

197

184

229

199

172

144

155

109

220

171

30.32

32.12

33.15

31.62

29.56

36.84

31.95

27.68

23.18

24.85

17.48

35.37

27.38

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,237

1,386

1,597

1,610

1,826

2,471

3,145

3,552

3,729

3,757

3,886

964

1,041

1,181

1,272

1,303

1,704

2,186

2,505

2,756

2,918

3,035

Operating Profit

274

345

416

338

524

767

959

1,047

973

839

851

OPM %

22.11%

24.90%

26.05%

20.99%

28.67%

31.03%

30.50%

29.48%

26.10%

22.33%

21.90%

122

180

Interest

Depreciation

105

Profit before Tax

264

364

433

352

512

745

938

1,049

1,028

825

861

Tax %

33.86%

34.04%

33.09%

27.34%

28.08%

26.27%

19.45%

24.45%

23.67%

23.84%

23.98%

Net Profit

175

240

290

256

368

550

755

792

785

628

655

EPS

28.07

38.54

46.56

41.12

59.11

88.26

121.26

127.21

126.03

100.88

—

Dividend Payout %

28.50%

28.54%

28.99%

40.12%

81.20%

48.15%

49.97%

55.03%

59.51%

74.35%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

527

676

880

1,028

1,290

1,539

2,023

2,428

2,778

2,955

118

154

181

139

104

Trade Payables

103

123

120

108

157

139

198

238

357

408

406

445

642

Total Liabilities

712

941

1,137

1,380

1,707

2,160

2,751

3,163

3,548

3,884

108

101

147

170

272

334

396

318

259

Capital Work in Progress

972

1,079

Cash & Bank

252

394

516

664

860

965

1,192

1,392

1,606

1,669

352

450

518

566

670

901

1,218

400

651

877

Total Assets

712

941

1,137

1,380

1,707

2,160

2,751

3,163

3,548

3,884

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

241

311

358

345

561

689

672

701

812

664

Cash from Investing

-247

-159

-438

-108

-202

-270

-308

-73

Cash from Financing

-52

-60

-83

-124

-126

-326

-303

-428

-499

-535

129

-110

-26

171

-127

-18

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

43.92

43.91

43.90

13.67

13.65

13.27

12.73

12.74

12.53

8.57

11.08

9.85

6.24

7.38

7.50

8.54

9.79

10.37

12.29

11.39

11.03

Government

0.00

36.17

35.05

35.31

34.83

33.55

33.19

35.24

33.63

35.21

Tata Elxsi Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Tata Elxsi Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI