Tata Elxsi Limited (IN:TATAELXSI)
:TATAELXSI
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Tata Elxsi Limited
(TATAELXSI)
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Rating:66Neutral
Price Target:
₹4,712.00
▼(-12.94% Downside)
Action:ReiteratedDate:04/23/26
The score is supported primarily by strong financial stability and solid cash-flow quality, but is held back by decelerating growth and margin/earnings pressure. Technicals remain below key moving averages, and the high P/E multiple with only a moderate dividend yield further limits upside in the near term.
Positive Factors
Conservative balance sheet
Very low leverage and a growing equity base provide durable financial flexibility. This supports funding multi-year R&D engagements, absorbing project timing shocks, maintaining investment-grade operational choices, and preserving capacity to pursue opportunistic M&A or capital returns over the next 2–6 months.
Negative Factors
Decelerating revenue growth
A multi-year slowdown in top-line growth reflects weaker new business traction or slower client R&D spend. Persistently low revenue growth constrains the company's ability to scale operating leverage, limits incremental margin recovery, and reduces the runway for outsized earnings expansion over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and a growing equity base provide durable financial flexibility. This supports funding multi-year R&D engagements, absorbing project timing shocks, maintaining investment-grade operational choices, and preserving capacity to pursue opportunistic M&A or capital returns over the next 2–6 months.
Read all positive factors
Tata Elxsi Limited (TATAELXSI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹258.29B
Dividend Yield1.38%
Average Volume (3M)15.20K
Price to Earnings (P/E)39.4
Beta (1Y)1.29
Revenue Growth0.76%
EPS Growth-19.96%
CountryIN
Employees12,969
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)35.40
Shares Outstanding62,296,684
10 Day Avg. Volume16,408
30 Day Avg. Volume15,195
Financial Highlights & Ratios
PEG Ratio-1.98
Price to Book (P/B)8.14
Price to Sales (P/S)6.59
P/FCF Ratio31.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹3,900.00Price Target Upside-27.94% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)135.81
Revenue Forecast (FY)₹42.18B
Tata Elxsi Limited Business Overview & Revenue Model
Company Description
Tata Elxsi Limited provides product design and engineering, and systems integration and support services in India, the United States, Europe, and internationally. The company operates through two segments, Software Development and Services; and Sy...
How the Company Makes Money
Tata Elxsi makes money by delivering contract-based technology and design services—earning service revenue from enterprises that outsource parts of their product development, engineering, and digital initiatives. Its revenue model is predominantly...
Tata Elxsi Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.58B | 37.57B | 37.29B | 35.52B | 31.45B | 24.71B |
| Gross Profit | 13.81B | 12.04B | 15.60B | 15.47B | 13.98B | 11.30B |
| EBITDA | 9.56B | 8.47B | 11.52B | 11.68B | 10.35B | 8.10B |
| Net Income | 6.71B | 6.28B | 7.85B | 7.92B | 7.55B | 5.50B |
Balance Sheet | ||||||
| Total Assets | 34.56B | 39.63B | 35.86B | 31.87B | 27.64B | 21.69B |
| Cash, Cash Equivalents and Short-Term Investments | 12.69B | 16.69B | 15.89B | 13.80B | 11.81B | 9.56B |
| Total Debt | 1.69B | 1.62B | 1.92B | 2.24B | 1.82B | 1.39B |
| Total Liabilities | 7.53B | 9.21B | 7.26B | 6.81B | 6.78B | 5.68B |
| Stockholders Equity | 27.03B | 30.41B | 28.61B | 25.06B | 20.86B | 16.01B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 7.77B | 7.96B | 6.18B | 4.23B | 4.12B |
| Operating Cash Flow | 0.00 | 7.88B | 8.12B | 7.01B | 4.87B | 4.83B |
| Investing Cash Flow | 0.00 | -1.98B | -3.08B | -2.70B | -2.02B | -1.08B |
| Financing Cash Flow | 0.00 | -5.33B | -4.99B | -4.28B | -3.03B | -3.26B |
Tata Elxsi Limited Technical Analysis
Positive
5412.30
Price Trends
4577.81
Positive
4942.44
Negative
5318.90
Negative
Market Momentum
13.20
Negative
59.32
Neutral
86.79
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TATAELXSI, the sentiment is Positive. The current price of 5412.3 is above the 20-day moving average (MA) of 4285.10, above the 50-day MA of 4577.81, and above the 200-day MA of 5318.90, indicating a neutral trend. The MACD of 13.20 indicates Negative momentum. The RSI at 59.32 is Neutral, neither overbought nor oversold. The STOCH value of 86.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TATAELXSI.
Tata Elxsi Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹429.09B | 30.05 | ― | 1.94% | 10.16% | 8.52% | |
70 Outperform | ₹232.34B | 982.29 | ― | 1.26% | 0.68% | -17.67% | |
69 Neutral | ₹377.11B | 25.86 | ― | 1.19% | 8.97% | 0.86% | |
66 Neutral | ₹258.29B | 39.42 | ― | 1.38% | 0.76% | -19.96% | |
66 Neutral | ₹202.78B | 59.84 | ― | 0.69% | 11.37% | -5.49% | |
63 Neutral | ₹93.86B | 19.41 | ― | 2.62% | -1.25% | -30.62% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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Tata Elxsi Limited Corporate Events
Tata Elxsi Clears FY26 Results and Proposes ₹75 Final Dividend
Apr 21, 2026
Tata Elxsi Limited’s board approved the audited financial results for the quarter and year ended March 31, 2026, and noted that the statutory auditors issued an unmodified opinion, indicating that the results present a true and fair view in ...
Tata Elxsi Launches Global Offshore Development Center for Terumo’s Cardiac and Vascular Portfolio
Mar 19, 2026
Tata Elxsi has launched a dedicated Global Offshore Development Center in partnership with Japan’s Terumo Corporation to support the development of cardiac and vascular solutions for global markets. The new center will bolster Terumo’s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.