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Tata Technologies Limited
(TATATECH)
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Rating:68Neutral
Price Target:
₹822.00
▲(15.61% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid financial performance (healthy profitability, low leverage, and strong recent cash conversion) and supportive technicals (uptrend with positive momentum). These positives are tempered by expensive valuation (high P/E with only a modest dividend yield) and the fundamental slowdown/margin compression noted in recent periods.
Positive Factors
Strong cash conversion
Near‑parity of free cash flow and net income in 2025–2026 indicates high earnings quality and durable internal funding. This strengthens the company's ability to invest in capabilities, support multi‑year programs, and maintain flexibility over the next several quarters despite cyclical client demand.
Negative Factors
Slowing revenue growth
A sustained deceleration from prior high growth to mid‑single digits suggests structural cooling in new program wins or longer sales cycles with OEMs. Slower top‑line momentum reduces operating leverage and limits capacity to expand margins or invest for medium‑term growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash conversion
Near‑parity of free cash flow and net income in 2025–2026 indicates high earnings quality and durable internal funding. This strengthens the company's ability to invest in capabilities, support multi‑year programs, and maintain flexibility over the next several quarters despite cyclical client demand.
Read all positive factors
Tata Technologies Limited (TATATECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹303.52B
Dividend Yield1.12%
Average Volume (3M)76.22K
Price to Earnings (P/E)54.5
Beta (1Y)1.08
Revenue Growth15.21%
EPS Growth-18.75%
CountryIN
Employees11,529
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)13.72
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
₹540.00Price Target Upside-24.05% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)19.77
Revenue Forecast (FY)₹68.20B
Tata Technologies Limited Business Overview & Revenue Model
Company Description
Tata Technologies Limited is a global firm providing product engineering and digital services across North America, Europe, and the Asia Pacific, structured into Service and Technology Solutions segments. The company's diverse offerings include IT...
How the Company Makes Money
Tata Technologies makes money primarily by providing engineering and digital services to enterprise customers (especially automotive and aerospace OEMs and suppliers) under contracted commercial arrangements. Key revenue streams include: (1) Engin...
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 | 59.26B | 55.06B | 51.64B | 51.13B | 44.13B | 35.28B |
| Gross Profit | 13.53B | 12.31B | 15.16B | 14.59B | 13.13B | 9.93B |
| EBITDA | 9.37B | 9.44B | 10.62B | 10.57B | 9.09B | 6.94B |
| Net Income | 5.57B | 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 | 15.77B | 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 | -39.23B | 50.30B | 30.85B | 23.57B | 22.28B | 19.50B |
| Stockholders Equity | 39.23B | 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 Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹875.50B | 46.35 | ― | 0.71% | 23.53% | 31.64% | |
73 Outperform | ₹6.50B | 15.36 | ― | 1.84% | 10.51% | 31.80% | |
70 Outperform | ₹1.62T | 28.50 | ― | 3.27% | 10.95% | 12.97% | |
69 Neutral | ₹377.22B | 28.55 | ― | 1.70% | 5.66% | 3.90% | |
68 Neutral | ₹303.52B | 54.49 | ― | 1.17% | 15.21% | -18.75% | |
62 Neutral | ₹163.99B | 27.95 | ― | 1.41% | 9.55% | -27.98% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:TATATECH
Tata Technologies Limited
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Tata Technologies Limited Corporate Events
Tata Technologies Conducts 32nd AGM via Virtual Platform, Highlights FY26 Performance
Jun 26, 2026
Tata Technologies held its 32nd Annual General Meeting on June 26, 2026, via two-way video conferencing and other audio-visual means in line with Ministry of Corporate Affairs and SEBI circulars. The board chairman, key directors, senior managemen...
Tata Technologies files 32nd AGM e-voting results and scrutinizer’s report
Jun 26, 2026
Tata Technologies Limited has reported the voting results and scrutinizer’s report for its 32nd Annual General Meeting, held on June 26, 2026 via video conferencing and other audio-visual means in compliance with SEBI Listing Obligations and...
Tata Technologies Moves AGM Online and Targets Wider Digital Reach to Shareholders
Jun 4, 2026
Tata Technologies has notified exchanges that it has begun dispatching letters to shareholders whose email addresses are not registered, providing a web link to access the company’s FY 2025-26 Annual Report in line with SEBI’s disclosu...
Tata Technologies Sets June 26 Virtual AGM, Publishes E-Voting Details
Jun 4, 2026
Tata Technologies has announced that its 32nd Annual General Meeting will be held on June 26, 2026, at 3:00 p.m. IST via video conferencing and other audio-visual means, with shareholders able to participate and vote electronically. The company ha...
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.