⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.

TATAELXSI - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.1

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 4.1

Stock Code TATAELXSI Market Cap 26,237 Cr. Current Price 4,210 ₹ High / Low 6,735 ₹
Stock P/E 41.6 Book Value 434 ₹ Dividend Yield 1.78 % ROCE 36.3 %
ROE 29.3 % Face Value 10.0 ₹ DMA 50 4,810 ₹ DMA 200 5,399 ₹
Chg in FII Hold -3.97 % Chg in DII Hold 1.91 % PAT Qtr 159 Cr. PAT Prev Qtr 155 Cr.
RSI 30.6 MACD -232 Volume 6,31,273 Avg Vol 1Wk 4,01,451
Low price 4,051 ₹ High price 6,735 ₹ PEG Ratio 3.28 Debt to equity 0.06
52w Index 5.93 % Qtr Profit Var -20.0 % EPS 93.2 ₹ Industry PE 20.9

📊 Financial Overview

  • Revenue & Profit Growth: Quarterly PAT rose slightly from ₹155 Cr. to ₹159 Cr., but YoY profit variation (-20%) shows earnings pressure.
  • Margins: ROE at 29.3% and ROCE at 36.3% reflect strong profitability and capital efficiency.
  • Debt: Debt-to-equity ratio of 0.06 indicates negligible leverage, ensuring financial stability.
  • Cash Flow: Supported by design and technology services, though growth momentum has slowed.

💹 Valuation Indicators

  • P/E Ratio: 41.6 vs Industry PE of 20.9 → significantly overvalued compared to peers.
  • P/B Ratio: Current Price ₹4,210 vs Book Value ₹434 → ~9.7x, reflecting premium valuation.
  • PEG Ratio: 3.28 → signals overvaluation relative to growth prospects.
  • Intrinsic Value: Estimated fair value near ₹3,800–4,000, suggesting current price is slightly overvalued.

🎨 Business Model & Competitive Advantage

  • Operates in design, technology, and engineering services with focus on automotive, media, and healthcare sectors.
  • Competitive advantage lies in niche expertise, innovation, and Tata Group backing.
  • Strong global client base and specialized offerings support resilience.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive between ₹3,800–4,000, closer to intrinsic value.
  • Long-Term Holding: Suitable for 5+ year horizon; strong fundamentals and niche positioning make it a solid long-term bet, though valuations are stretched.

✅ Positive

  • Strong ROE (29.3%) and ROCE (36.3%) highlight efficiency and profitability.
  • Low debt-to-equity ratio (0.06) ensures financial stability.
  • DII holdings increased (+1.91%), reflecting domestic institutional confidence.

⚠️ Limitation

  • P/E ratio (41.6) is significantly higher than industry average.
  • P/B ratio (~9.7x) reflects heavy premium valuation.
  • PEG ratio (3.28) signals overvaluation relative to growth.

📉 Company Negative News

  • FII holdings decreased (-3.97%), showing reduced foreign investor confidence.
  • Profit variation (-20%) highlights earnings pressure.

📈 Company Positive News

  • DII holdings increased, reflecting domestic confidence.
  • Strong niche positioning in design and technology services.
  • Low debt levels provide resilience against market volatility.

🏭 Industry

  • Technology and design services industry is growing, driven by innovation and digital transformation.
  • Industry PE at 20.9 shows sector is moderately valued compared to Tata Elxsi’s premium.
  • Global demand for specialized design and engineering solutions supports long-term growth.

🔎 Conclusion

Tata Elxsi demonstrates strong fundamentals with excellent ROE, ROCE, and low debt, but valuations are stretched with high P/E, P/B, and PEG ratios. Entry around ₹3,800–4,000 offers better risk-reward. Long-term investors can hold for 5+ years, benefiting from niche expertise, Tata Group backing, and global demand, though caution is advised due to premium valuation and earnings volatility.

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