Tata Elxsi shares will be in focus on Friday after the company reported a 22% year-on-year decline in consolidated net profit to Rs 144 crore for Q1FY26, compared to Rs 184 crore in the same quarter last year.

Revenue from operations also fell 3.7% to Rs 892 crore from Rs 926 crore, impacted by macroeconomic headwinds and client-specific challenges.

Sequentially, profit declined 16% from Rs 172 crore in Q4FY25, while revenue dipped nearly 2% from Rs 908 crore.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at Rs 187 crore, down 26% from Rs 252 crore a year ago. Profit before tax (PBT) also fell 22% year-on-year to Rs 196 crore.

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Key Deals in Q1

Tata Elxsi secured a multi-million-dollar design and digital deal with a US-based global technology firm to support a major data and insights program for next-generation AI and product feature development.It was also selected as a strategic partner for medical device testing, certification, and regulatory compliance for a cardiovascular product portfolio. The company contributed through design consultation, tech architecture, advisory services, and integration of technology and content.Also Read: Vodafone Idea slides 57% in a year; analysts warn of further downside below Rs 6.30

Management Commentary

Commenting on the results, MD and CEO Manoj Raghavan said that the quarter was challenging across key markets, with macroeconomic uncertainties, industry and customer specific issues impacting R&D spend and decision making cycles across geographies. “The company has demonstrated resilience in protecting business in our largest vertical, executing on large deal wins across key verticals to create sustained revenue streams, and expanding our relationships with our customers,” Raghavan.

The earnings season kicked-off today with the announcement of TCS results which beat Street’s estimates. The Indian IT bellwether reported a 6% growth in its Q1FY26 consolidated net profit at Rs 12,760 crore versus Rs 12,040 crore in the year ago period.

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Tata Elxsi share price target

According to Trendlyne, the average target price for Tata Elxsi stands at Rs 4,846 — indicating a potential downside of 21% from current levels. Of the 15 analysts tracking the stock, the consensus rating is ‘Sell’.

Tata Elxsi stock performance

Tata Elxsi shares closed 0.16% lower at Rs 6,139.6 on Thursday, while the Sensex declined 0.41%. The stock is up 29% in the past three months but has declined 9% year-to-date and 23% over the past three years. Its market capitalisation currently stands at Rs 38,240 crore.

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Tata Elxsi shares will trade ex-dividend starting Wednesday, June 11, 2025, as the company has fixed the date as the record date to determine eligibility for its final dividend of Rs 75 per equity share.

This makes today, June 10, the last trading day for investors to buy Tata Elxsi shares and be eligible to receive the declared dividend. Any shares bought on or after June 11 will not entitle the investor to the payout.

“Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Wednesday, June 11, 2025, as the Record Date for determining entitlement of Members to dividend for the financial year ended March 31, 2025,” the company had said in a previous filing to the stock exchanges.

The dividend, recommended by the company’s Board of Directors in its meeting held on April 17, 2025, amounts to Rs 75 per share of face value Rs 10 each, representing a 750% payout.

The company also informed that the said dividend will be paid on or before June 30, 2025, after deducting applicable taxes at source.

Tata Elsxi dividend history

Over the last 12 months, Tata Elxsi Ltd. has announced a total equity dividend of Rs 70 per share. Based on a share price of Rs 6,631.50, this translates to a dividend yield of 1.06%.

Tata Elxsi share price performance

Tata Elxsi shares have declined by 6.87% over the past 1 year, and registered a year-to-date (YTD) decline of 1.74%. Over the last 6 months, the stock has dropped by 9.93%. However, in the shorter term, the stock has delivered gains—17.92% over 3 months and 15.53% over 1 month, respectively.

On Monday, the shares of Tata Elxsi closed 2.5% higher at Rs 6,629.40 on the BSE.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Tata Elxsi’s stock price has formed an inverted cup and handle pattern on monthly charts, and we could see targets of 4,350, with 5,711 as the stop-loss on a closing basis.
Note: Consult your financial advisor before taking any action, as the levels shared are for learning purposes only.
Our view on Nifty is that it might have formed a double top pattern, and all other indices, including Sensex, Midcap Nifty, Bank Nifty, and FinNifty, remain bearish (as the last leg of the fall is still pending).

We believe the recent bottom has not yet been formed, and another leg of the decline is likely. However, markets are supreme, and we would change our view if the markets sustain above 23,860 for two consecutive closing sessions.

The share price of Tata Elxsi Ltd. 1.94 per cent to Rs 7128.35 at 11:23AM (IST) in Monday’s trade. The stock has hit a high of Rs 7399.95 and low of Rs 7006.95 so far during the session. The stock had closed at Rs 6992.25 in the previous session.

The counter has had a total traded volume of 8469 shares so far with a value of Rs 6.00 crore on the NSE. It traded at a price-to-earnings multiple of 54.12 and a price-to-book ratio of 19.34.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip 6.47 per cent during the past one year, while the 30-share index advanced 22.6299991607666 per cent during the same period.

Tata Elxsi Ltd. belongs to the IT Consulting & Software – Mid Cap industry. Promotor/FII Holding
Promoters held 43.91 per cent stake in the company as of 30-Sep-2024, while FIIs and domestic institutional investors ownership stood at 13.65 per cent and 2.0 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 1019.3900 crore for the quarter ended 30-Sep-2024, 6.35 per cent from the previous quarter’s Rs 958.5384 crore and 11.67 per cent from the year-ago quarter’s Rs 912.8284 crore.

for the latest quarter stood at Rs 229.43 crore, 14.58 per cent from the same quarter a year ago.

NEW DELHI: Shares of Tata Elxsi Ltd. traded 0.09 per cent down in Monday’s trade at 01:24PM (IST). Around 2,954 shares changed hands on the counter.

The stock opened at Rs 7877.95 and touched an intraday high and low of Rs 7877.95 and Rs 7768.0, respectively, in the session so far. Shares of the company of Tata Elxsi Ltd. quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 5900.0.

Total market cap of the Tata Elxsi Ltd. stood at Rs 48444.84 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 949.16 crore for the quarter ended 31-Dec-2023, up 3.98 per cent from previous quarter’s Rs 912.83 crore and up 13.42 per cent from the year-ago quarter’s Rs 836.88 crore.

The net profit for latest quarter stood at Rs 206.43 crore, up 6.04 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2023, DIIs held 2.7 per cent stake in the firm, while foreign institutional investors held 15.02 per cent and the promoters 43.92 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 60.78 and a price-to-book ratio of 17.8. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Tata Elxsi Ltd. belongs to the IT Consulting & Software – Mid Cap industry.

Shares of Tata Elxsi Ltd. rose 0.93 per cent to Rs 7636.0 in Tuesday’s trade. It hit an intraday high of Rs 7751.3 and low of Rs 7605.1, respectively, during the day.

The stock quoted a 52-week high price of Rs 9191.1 and low of Rs 5883.05.

As of 01:59PM (IST), the counter saw total traded volume of 8,395 shares with a traded value of Rs 6.42 crore, according to NSE.

The stock had closed at Rs 7708.05 in the previous session.

The scrip has declined -0.32 per cent in the past one month till date, while the benchmark BSE Sensex has gained 0.51 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 59.67 while price-to-book ratio stood at 17.8. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business. The stock belongs to the IT Consulting & Software – Mid Cap industry. Promoter/FII Holding
Promoters held 43.92 per cent stake in the company as of 31-Dec-2023, while FII and MF ownership in the firm stood at 15.02 per cent and 2.7 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 949.16 crore for the quarter ended 31-Dec-2023, up 3.98 per cent from the previous quarter’s Rs 912.83 crore and up 13.42 per cent from the year-ago quarter’s Rs 836.88 crore. Its net profit for the latest quarter stood at Rs 206.43 crore, up 6.04 per cent from the same quarter a year ago.

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After an overwhelming response to the IPO, the shares of Tata Technologies are in high demand in the unlisted market with the GMP as high as Rs 412.

Considering the upper price band of Rs 500, the stock is expected to list at a massive premium of Rs 82% over the issue price.

However, it is important to note that grey market premiums are just an indicator of how the company’s shares are stacked up in the unlisted market and are subject to change rapidly.

The tentative allotment for the IPO is November 28 or even before and the listing will likely be on November 30.

The Rs 3,042-cr IPO of Tata Technologies received bids worth over Rs 1.5 lakh crore. The overall subscription was nearly 70 times the shares on offer.

The quota reserved for retail individual investors (RIIs) was subscribed 16 times, qualified institutional buyers 203 times, and NII 62 times.

Analysts said the strong response for the IPO was due to attractive valuations compared to peers and Tata lineage, which enjoys strong brand value.Tata Tech’s FY23 PE ratio stands at 32-33x, as against 105x for KPIT, 40x for L&T Technology Services, and 70x for Tata Elxsi. The company has also outpaced all of its peers when it comes to financial growth over FY21-23.

Tata Technologies is a pure-play manufacturing-focused engineering research and development (ER&D) company, primarily focused on
the automotive industry.

They are currently engaged with 7 out of the top 10 automotive ER&D spenders and 5 out of the 10 prominent new energy ER&D spenders in 2022. It generates 80% from services, 11% from products and 9% from education as of FY23.

Some of the key strengths of the company include differentiated capabilities in new-age automotive trends like electric vehicles, deep expertise in the automotive industry, and a global delivery model that enables intimate client engagement and scalability among others.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

The share price of Tata Elxsi Ltd. gained 0.57 per cent to Rs 7062.75 at 11:42AM (IST) in Wednesday’s trade. The stock has hit a high of Rs 7075.0 and low of Rs 7039.95 so far during the session. The stock had closed at Rs 7022.5 in the previous session.

The counter has had a total traded volume of 1340 shares so far with a value of Rs 9461.0 crore on the NSE. It traded at a price-to-earnings multiple of 58.0 and a price-to-book ratio of 17.8.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 26.54 per cent during the past one year, while the 30-share index advanced 9.49 per cent during the same period.

Tata Elxsi Ltd. belongs to the IT Consulting & Software – Mid Cap industry.

Promotor/FII Holding
Promoters held 43.92 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 14.22 per cent and 2.4 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 872.48 crore for the quarter ended 30-Jun-2023, up 1.03 per cent from the previous quarter’s Rs 863.61 crore and up 18.51 per cent from the year-ago quarter’s Rs 736.21 crore.

Profit for the latest quarter stood at Rs 188.85 crore, up 2.24 per cent from the same quarter a year ago.