In the pulsating realm of technology and design services, Tata Elxsi emerges as a global frontrunner, shaping industries spanning Automotive, Media, Communications, and Healthcare. Renowned for its integrated offerings, from pioneering research and strategic insights to cutting-edge electronics and software development, Tata Elxsi stands as a cornerstone of innovation. Notably, the recent trends within these industries herald an era of transformative change, setting the stage for an intriguing journey toward a significant milestone: a projected stock price surge to the coveted ₹16,000 mark.
This article ventures beyond the mere numbers, aiming to unravel the multifaceted narrative shaping this bold prediction. It navigates through the intricate tapestry of market dynamics, the unparalleled performance of the company, and the broader economic currents to illuminate the trajectory that could lead Tata Elxsi toward, or perhaps away from, this momentous milestone. Exploring the confluence of technological advancements, industry shifts, and company strategies, it endeavors to shed light on the potential pathways that could drive Tata Elxsi’s stock price toward this anticipated pinnacle.
About Tata Elxsi Ltd
Tata Elxsi stands as a global leader, providing cutting-edge design and technology services across diverse industries like Automotive, Media, Communications, and Healthcare. With an expansive portfolio, the company delivers integrated solutions spanning research, strategic planning, electronics and mechanical design, software development, validation, and deployment. Supported by a robust network of design studios, global development centers, and offices worldwide, Tata Elxsi remains at the forefront of innovation.
The company operates through distinct business segments, notably the Embedded Product & Design division, contributing significantly to revenues and catering to various sectors such as automotive, broadcast, consumer electronics, healthcare, and telecom. Another vital segment, Industrial Design & Visualization, focuses on creating innovative products, services, and brand experiences. Moreover, the System Integration & Support division specializes in providing integrated solutions for niche applications like Experience Centers and Design visualization, continually evolving to meet emerging technological needs.
Tata Elxsi’s revenue distribution across industries in Q2FY24 reflects its diverse reach: Transportation at 46.2%, Media & Communications at 38.4%, and Healthcare & medical devices at 15.4%. Geographically, it exhibits a balanced spread, with 40% revenue from Europe and Americas each, 15% from India, and 5% from the Rest of the World.
The company’s strategic partnerships and key deals underscore its prowess in the market. Notably, collaborations with INVIDI Technologies, Brain Chip, and Ateme showcase Tata Elxsi’s commitment to transformative technology, particularly in edge AI, addressable advertising, and content services.
Tata Elxsi’s NEURON Autonomous Network Platform represents a pivotal innovation, facilitating Zero Touch Automation for major telecom operators. Its recognition as the ‘product of the year’ at the Industry DevOps Awards 2023 underscores the company’s technological excellence and industry impact.
In essence, Tata Elxsi’s diversified portfolio, strategic alliances, and transformative innovations position it as a trailblazer in the realms of design and technology, driving its global relevance and influence.
Tata Elxsi Ltd Q3 Fy2024 Key Points And Summary:
- Tata Elxsi reported strong performance in Q3 FY’24:
- Operating revenue grew by 3.7% QoQ to Rs. 914.2 Cr.
- Operating margin reached an impressive 29.5%.
- Despite industry challenges, significant growth was observed across key sectors:
- Transportation segment grew by 2.7% QoQ and 15.6% YoY.
- Healthcare sector surged by 4.6% QoQ and 13% YoY.
- Media & Communications showed resilience with a 0.6% QoQ growth and 3.4% YoY increase.
- Industrial Design revenue soared by 12.3% QoQ.
- System Integration services recorded a substantial 14.7% QoQ growth.
- CEO Mr. Manoj Raghavan highlighted the success of the Design Digital strategy:
- Recognition received with the German Design Award 2024.
- Tata Elxsi remains optimistic with a robust deal pipeline and customer confidence:
- Focused on sustaining growth through operational excellence and talent acquisition efforts.
Shareholding Pattern
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | |
| Promoters + | 43.92% | 43.92% | 43.92% | 43.92% | 43.92% |
| FIIs + | 15.37% | 13.89% | 13.85% | 14.22% | 13.80% |
| DIIs + | 3.91% | 3.43% | 3.54% | 4.08% | 4.80% |
| Public + | 36.80% | 38.75% | 38.67% | 37.77% | 37.46% |
| No. of Shareholders | 4,96,548 | 5,79,054 | 5,82,903 | 5,62,362 | 5,66,920 |
Looking at Tata Elxsi Ltd.’s shareholding pattern from September 2022 to September 2023, certain trends and shifts are noticeable:
- Promoters’ Holding Stability: The promoters’ holding remained constant at 43.92% throughout the observed period, indicating their confidence and sustained interest in the company’s performance and growth.
- FIIs and DIIs Variations: Foreign Institutional Investors (FIIs) experienced fluctuations from 15.37% to 13.80%, suggesting potential portfolio adjustments or profit-taking. Domestic Institutional Investors (DIIs) remained relatively stable, albeit with slight fluctuations, showcasing a steady but minor shift in their holdings.
- Public Shareholding Dynamics: Public shareholding witnessed minor variations, oscillating within a narrow range from 36.80% to 38.75%. This demonstrates a consistent interest among individual investors in holding Tata Elxsi’s shares.
- Shareholder Base: The number of shareholders increased steadily from 4,96,548 to 5,66,920, indicating growing investor interest and participation in the company’s equity.
This pattern showcases stability in promoter confidence, minor portfolio adjustments among institutional investors, and sustained interest from the general public, leading to a gradual increase in the shareholder base. These shifts suggest a balanced and diverse shareholder structure, reflective of market dynamics and investor sentiment.
Tata Elxsi Ltd Share Price Target 2024 To 2030
Tata Elxsi Ltd Share Price Target 2024
| Month | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| March 2024 | ₹7,698.90 | ₹6,694.70 |
| April 2024 | ₹7,474.66 | ₹6,499.70 |
| May 2024 | ₹7,364.20 | ₹6,403.65 |
| June 2024 | ₹7,629.31 | ₹6,634.18 |
| July 2024 | ₹7,553.02 | ₹6,567.84 |
| August 2024 | ₹7,855.14 | ₹6,830.55 |
| September 2024 | ₹8,169.34 | ₹7,103.78 |
| October 2024 | ₹8,009.16 | ₹6,964.49 |
| November 2024 | ₹8,329.52 | ₹7,243.06 |
| December 2024 | ₹8,412.82 | ₹7,315.50 |
Throughout 2024, Tata Elxsi’s stock prices are forecasted to fluctuate, reflecting the dynamic nature of the market. Starting the year with a maximum price of ₹7,698.90 in March and a minimum of ₹6,694.70, the prices are expected to experience variations each month. As the year progresses, Tata Elxsi’s stock is projected to witness gradual growth, with the maximum price peaking at ₹8,412.82 in December, and the minimum stabilizing at ₹6,403.65 in May. These fluctuations highlight the company’s resilience and adaptability in responding to market conditions, positioning Tata Elxsi as a competitive player in the market landscape.
Tata Elxsi Ltd Share Price Target 2025
| Month | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| January 2025 | ₹8,421.23 | ₹6,477.87 |
| February 2025 | ₹8,438.11 | ₹6,490.85 |
| March 2025 | ₹8,615.31 | ₹6,627.16 |
| April 2025 | ₹8,446.38 | ₹6,497.22 |
| May 2025 | ₹8,200.37 | ₹6,307.98 |
| June 2025 | ₹8,569.39 | ₹6,591.84 |
| July 2025 | ₹8,401.36 | ₹6,462.58 |
| August 2025 | ₹8,661.20 | ₹6,662.46 |
| September 2025 | ₹8,765.13 | ₹6,742.41 |
| October 2025 | ₹8,993.02 | ₹6,917.71 |
| November 2025 | ₹9,217.85 | ₹7,090.65 |
| December 2025 | ₹9,632.65 | ₹7,409.73 |
Throughout 2025, Tata Elxsi’s stock prices are anticipated to demonstrate a consistent upward trend, underpinned by the company’s resilience and market performance. Beginning the year with a maximum price of ₹8,421.23 in January and a minimum of ₹6,477.87, Tata Elxsi’s shares are projected to experience incremental growth month-on-month. As the year progresses, market analysts foresee Tata Elxsi’s stock prices continuing to climb steadily, with the maximum price reaching its peak at ₹9,632.65 in December, while the minimum is expected to stabilize at ₹7,409.73. These fluctuations reflect the company’s ability to adapt to market dynamics and reinforce its position as a strong contender in the market, showcasing Tata Elxsi’s resilience and potential for sustained growth.
Tata Elxsi Ltd Share Price Target 2026 To 2030
| Year | Maximum Price | Minimum Price |
|---|---|---|
| 2026 | ₹11,858.68 | ₹7,632.02 |
| 2027 | ₹14,457.39 | ₹9,304.51 |
| 2028 | ₹17,625.58 | ₹11,343.49 |
| 2029 | ₹21,488.05 | ₹13,829.30 |
| 2030 | ₹26,196.94 | ₹16,859.86 |
Tata Elxsi’s stock prices are poised for significant growth and resilience, as projected by market analysts. In 2026, the maximum price is expected to reach ₹11,858.68, while the minimum price could stabilize at ₹7,632.02, reflecting the company’s ability to navigate market fluctuations effectively. Looking ahead, 2027 is anticipated to see Tata Elxsi’s stock prices climb to a maximum of ₹14,457.39 and a minimum of ₹9,304.51, signaling continued growth and stability. Similarly, 2028 and 2029 are expected to witness further positive trends, with the maximum prices projected to reach ₹17,625.58 and ₹21,488.05 respectively, highlighting the company’s sustained value creation and long-term growth potential. By 2030, Tata Elxsi’s stock prices are forecasted to reach new milestones, with a maximum price of ₹26,196.94 and a projected minimum price of ₹16,859.86, underlining the company’s enduring success and market leadership. Throughout this journey, Tata Elxsi remains positioned as a key player in the market, driven by innovation, strategic initiatives, and investor confidence.
Tata Elxsi Ltd’s Financial Condition (Last 5 Years)
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
| Sales + | 1,597 | 1,610 | 1,826 | 2,471 | 3,145 | 3,388 |
| Expenses + | 1,181 | 1,266 | 1,303 | 1,704 | 2,182 | 2,376 |
| Operating Profit | 416 | 344 | 524 | 767 | 962 | 1,012 |
| OPM % | 26% | 21% | 29% | 31% | 31% | 30% |
| Other Income + | 43 | 58 | 40 | 45 | 74 | 98 |
| Interest | 1 | 7 | 7 | 10 | 17 | 18 |
| Depreciation | 25 | 43 | 44 | 55 | 81 | 89 |
| Profit before tax | 433 | 352 | 512 | 745 | 938 | 1,002 |
| Tax % | 33% | 27% | 28% | 26% | 19% | |
| Net Profit + | 290 | 256 | 368 | 550 | 755 | 785 |
| EPS in Rs | 46.56 | 41.12 | 59.11 | 88.26 | 121.26 | 126.06 |
| Dividend Payout % | 29% | 40% | 81% | 48% | 50% |
Tata Elxsi Ltd’s financial trajectory over the past five years reflects a notable evolution, marked by consistent revenue escalation from ₹1,597 crores in March 2019 to ₹3,388 crores in the trailing twelve months (TTM). This steady growth, propelled by a strategic increase in sales, signifies the company’s progressive market positioning.
However, while revenue soared, expenses saw a proportional ascent, reaching ₹2,376 crores in the TTM. Despite this, the company showcased robust operational efficiency, evident in the consistent climb of operating profit from ₹416 crores in March 2019 to ₹1,012 crores in the TTM, maintaining an average operating profit margin of around 30%.
Furthermore, the rise in net profit, culminating in ₹785 crores in the TTM, reflects a strong bottom-line growth. Notably, the earnings per share (EPS) escalated from ₹46.56 in March 2019 to ₹126.06 in the TTM, underscoring sustained profitability and value generation for shareholders.
While dividend payouts witnessed fluctuations, varying from 29% to 81%, the company’s tax efficiency improved steadily, with a decline in the effective tax rate from 33% to 19%.
Tata Elxsi’s financial narrative portrays consistent revenue expansion, solid cost management, and a noteworthy rise in profitability, underpinning its strategic prowess and sustained growth in the market.
FAQS
Question: What is the current stock price of Tata Elxsi Ltd as of March 11, 2024?
Answer: As of March 10, 2024, the closing stock price of Tata Elxsi Ltd is ₹ 7,687.
Question: What is the Price Prediction of Tata Elxsi Ltd for 2030?
Answer: In the future, Tata Elxsi’s stock price is projected to reach ₹26,196.94 by the end of 2030.
Question: What is the market capitalization of Tata Elxsi Ltd based on the latest available data?
Answer: The market capitalization of Tata Elxsi Ltd stands at ₹47,870 Crores.
Question: What is the Price-to-Earnings (P/E) ratio of Tata Elxsi Ltd based on the current stock price?
Answer: The Price-to-Earnings (P/E) ratio for Tata Elxsi Ltd is 60.1.
Question: What is the Book Value per share for Tata Elxsi Ltd?
Answer: The Book Value per share for Tata Elxsi Ltd is ₹337.
Question: What is the Dividend Yield of Tata Elxsi Ltd based on the latest data?
Answer: The Dividend Yield for Tata Elxsi Ltd is0.79%.
Question: Could you provide the Return on Capital Employed (ROCE) for Tata Elxsi Ltd?
Answer: The Return on Capital Employed (ROCE) for Tata Elxsi Ltd is 47.7%.
Question: What is the Return on Equity (ROE) for Tata Elxsi Ltd?
Answer: The Return on Equity (ROE) for Tata Elxsi Ltd is 47.7%.
Question: What is the Face Value of each share of Tata Elxsi Ltd?
Answer: The Face Value of each share of Tata Elxsi Ltd is ₹10.00.
Should one invest in Tata Elxsi Ltd?
Tata Elxsi’s Q3 FY’24 results showcase impressive financial performance, with a revenue of Rs. 914.2 Crores and an operating margin of 29.5%. Despite industry challenges, the company achieved growth across key sectors, including Transportation (2.7% QoQ, 15.6% YoY) and Healthcare (4.6% QoQ, 13% YoY). Moreover, Tata Elxsi’s strategic initiatives are supported by a stable shareholder pattern, with promoters holding 43.92% and a growing base of institutional and individual investors. With over 350 employees added in Q3 FY’24 and an attrition rate of 12.9%, Tata Elxsi remains committed to sustaining operational excellence. This solid performance underscores Tata Elxsi’s resilience and strategic agility, positioning the company for continued growth and value creation for its stakeholders.
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