Tata Technologies Limited (IN:TATATECH)
:TATATECH
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Tata Technologies Limited
(TATATECH)
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Rating:66Neutral
Price Target:
₹674.00
▲(3.49% Upside)
Action:DowngradedDate:05/06/26
The score is primarily supported by a solid financial base (low leverage and good recent free-cash-flow conversion) and improving technical momentum, but is materially constrained by the extremely high P/E valuation and recent signs of slowing growth and margin compression.
Positive Factors
Conservative leverage / financial flexibility
Debt-to-equity below ~0.25 across the period indicates a conservatively capitalized balance sheet. That structural low leverage supports sustained investment in delivery centers, absorbs cyclical OEM demand shocks, and preserves capacity for strategic spend or acquisitions over the next 2–6 months.
Negative Factors
Slowing revenue growth and margin compression
A material slowdown after 2024 combined with compressed gross/EBITDA/net margins and a 2026 net income decline signal weakening pricing power, adverse mix, or rising costs. If sustained, these trends reduce cash generation and ROI, pressuring long-term profitability and strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage / financial flexibility
Debt-to-equity below ~0.25 across the period indicates a conservatively capitalized balance sheet. That structural low leverage supports sustained investment in delivery centers, absorbs cyclical OEM demand shocks, and preserves capacity for strategic spend or acquisitions over the next 2–6 months.
Read all positive factors
Tata Technologies Limited (TATATECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹240.10B
Dividend Yield1.26%
Average Volume (3M)76.22K
Price to Earnings (P/E)982.3
Beta (1Y)1.15
Revenue Growth6.52%
EPS Growth-19.28%
CountryIN
Employees12,451
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)16.89
Shares Outstanding406,051,820
10 Day Avg. Volume59,386
30 Day Avg. Volume76,218
Financial Highlights & Ratios
PEG Ratio-1.96
Price to Book (P/B)5.27
Price to Sales (P/S)3.75
P/FCF Ratio26.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹585.00Price Target Upside-10.18% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)19.69
Revenue Forecast (FY)₹63.58B
Tata Technologies Limited Business Overview & Revenue Model
Company Description
Tata Technologies Limited operates as a product engineering and digital services company in the North America, Europe, and Asia Pacific. It operates in Service and Technology Solutions segments. The company offers IT consultancy, SAP implementatio...
How the Company Makes Money
Tata Technologies makes money by providing engineering services and digital transformation services to global manufacturing clients, with a major focus on automotive OEMs and Tier-1 suppliers. Revenue is primarily earned from: (1) Engineering serv...
Tata Technologies Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.40B | 55.06B | 51.64B | 51.13B | 44.13B | 35.28B |
| Gross Profit | 14.88B | 12.31B | 15.16B | 14.59B | 13.13B | 9.93B |
| EBITDA | 10.77B | 8.53B | 10.62B | 10.57B | 9.09B | 6.94B |
| Net Income | 6.85B | 5.47B | 6.77B | 6.79B | 6.24B | 4.37B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 89.53B | 66.64B | 55.78B | 52.17B | 42.30B |
| Cash, Cash Equivalents and Short-Term Investments | 14.80B | 15.13B | 15.61B | 9.63B | 10.29B | 13.97B |
| Total Debt | 0.00 | 9.38B | 2.37B | 2.57B | 2.55B | 2.61B |
| Total Liabilities | -35.79B | 50.30B | 30.85B | 23.57B | 22.28B | 19.50B |
| Stockholders Equity | 35.79B | 39.23B | 35.79B | 32.21B | 29.89B | 22.80B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 7.69B | 6.68B | 2.03B | 3.36B | -1.02B |
| Operating Cash Flow | 0.00 | 8.02B | 6.99B | 2.94B | 4.01B | -387.10M |
| Investing Cash Flow | 0.00 | -8.99B | -885.30M | 3.94B | -4.87B | 742.10M |
| Financing Cash Flow | 0.00 | 169.60M | -4.86B | -5.57B | -3.47B | -444.11M |
Tata Technologies Limited Technical Analysis
Neutral
651.30
Price Trends
575.98
Positive
617.45
Negative
655.74
Negative
Market Momentum
2.58
Negative
60.50
Neutral
92.74
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TATATECH, the sentiment is Neutral. The current price of 651.3 is above the 20-day moving average (MA) of 547.20, above the 50-day MA of 575.98, and below the 200-day MA of 655.74, indicating a neutral trend. The MACD of 2.58 indicates Negative momentum. The RSI at 60.50 is Neutral, neither overbought nor oversold. The STOCH value of 92.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:TATATECH.
Tata Technologies Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹70.68B | 13.30 | ― | 0.59% | 5.89% | -5.03% | |
69 Neutral | ₹392.79B | 24.90 | ― | 1.19% | 8.97% | 0.86% | |
66 Neutral | ₹240.10B | 982.29 | ― | 1.26% | 6.52% | -19.28% | |
66 Neutral | ₹210.65B | 59.84 | ― | 0.69% | 11.37% | -5.49% | |
66 Neutral | ₹260.33B | 28.11 | ― | 1.38% | 0.76% | -19.96% | |
63 Neutral | ₹96.89B | 37.95 | ― | 2.62% | -1.25% | -30.62% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
IN:TATATECH
Tata Technologies Limited
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-2.43%
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Tata Technologies Limited Corporate Events
Tata Technologies Sets May 4 Investor Call on FY26 Results
Apr 16, 2026
Tata Technologies Limited has scheduled an analyst and institutional investor conference call to discuss its financial results for the quarter and year ended March 31, 2026. The call with the company’s senior management will be held on May 4...
Tata Technologies Allots 72,509 Shares Under Long-Term Incentive Plan
Apr 14, 2026
Tata Technologies has allotted 72,509 fully paid equity shares of ₹2 each under its 2022 Share Based Long Term Incentive Scheme, following approval by the Nomination and Remuneration Committee on 14 April 2026. The move marginally increases ...
Tata Technologies Confirms SEBI Compliance on Q4 2026 Dematerialization
Apr 7, 2026
Tata Technologies Limited has reported that, for the quarter ended March 31, 2026, all details of securities dematerialized or rematerialized have been duly furnished to the stock exchanges where its shares are listed, in compliance with Regulatio...
Tata Technologies Allots 1.78 Lakh Shares Under Long-Term Incentive Scheme
Feb 28, 2026
Tata Technologies Limited has allotted 177,622 equity shares of ₹2 each under its 2022 Share Based Long Term Incentive Scheme, following approval by the Nomination and Remuneration Committee on 28 February 2026. As a result, the company̵...
Tata Technologies’ WATTSync Primed for India’s Battery Aadhaar and Global Passport Rules
Feb 10, 2026
Tata Technologies has announced that its battery intelligence platform WATTSync is fully prepared to support India’s forthcoming Battery Aadhaar ecosystem, designed to provide a unified, QR-code-enabled digital identity and traceability for ...
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.