Tata Technologies Ltd
Tata Technologies Ltd
Information Technology F&OKey Fundamentals
SmallcapIT Enabled ServicesInformation TechnologyInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Tata Technologies Ltd insights
44 extracted metrics + investor summaries across FY19–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 72.3%
Weaknesses
1- Stock is trading at 8.71 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Tata Technologies trades at a PE of 61.3x and 10.57x book value with a market cap of ~₹34,754 crore. FY25 total income was ₹5,293 crore with PAT of ₹677 crore, reflecting a slight YoY profit decline of ~5% on a TTM basis despite 15% TTM sales growth. The company operates in the outsourced ER&D space valued at $60-70 billion growing at 10-12% CAGR, but near-term profitability has stagnated.
- TTM revenue growth of 15% indicates strong top-line momentum, with FY25 total income at ₹5,293 crore vs ₹5,244 crore in FY24
- Outsourced ER&D addressable market of $60-70 billion growing at 10-12% CAGR provides a large structural tailwind for engineering services companies
- Healthy dividend payout ratio of 72.3% with a current dividend yield of 1.39%, signalling shareholder-friendly capital allocation
- FY25 operating EBITDA margin of 18.1% demonstrates ability to maintain profitability in a competitive services market
- 5-year compounded profit CAGR of 21% shows long-term earnings growth track record despite recent softness
- 3-year ROE averaging 19% and 5-year ROE of 20% indicates consistent returns on capital employed
- Q4 FY25 net margin improved to 14.7% from 12.8% QoQ and 12.1% YoY, signalling margin recovery trajectory
- 5-year compounded sales CAGR of 18% reflects sustained demand for product engineering and digital services
- PE ratio of 61.3x is significantly above IT services sector average, leaving limited margin of safety for execution misses
- Stock trades at 10.57x book value (8.71x per screener data), a steep premium that prices in substantial future growth
- TTM profit growth is negative at -5%, and 3-year compounded profit CAGR is -1%, indicating earnings stagnation over the medium term
- FY25 full-year PAT dipped to ₹677 crore from ₹693 crore in FY24, a decline despite revenue growth — implying margin compression during the year
- Heavy client concentration with Tata Motors Group and JLR among largest clients creates dependency risk on Tata Group capex cycles
- Last year ROE declined to 16% from a 3-year average of 19%, showing recent return dilution
- Q4 FY25 revenue of ₹12,857 million was down 2.4% sequentially, reflecting lumpy quarterly performance
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Investor meet in Singapore Aug 8
Tata Technologies will participate in the Avendus Spark INDX conference in Singapore on August 13, 2026, engaging with analysts and institutional investors.
- Honda partnership clarification Aug 7
Company addressed media speculation on Honda engineering partnership, confirming details were already disclosed in prior earnings calls with no new financial or operational updates.
- Non-deal roadshow in Mumbai Jul 29
Tata Technologies will conduct a two-day non-deal roadshow in Mumbai on August 3-4, 2026, meeting analysts and institutional investors in person.
TL;DR: A quiet period for Tata Technologies with no material positive or negative catalysts. Recent activity is limited to routine investor engagement events and a clarification on an existing Honda partnership. The company is maintaining regular institutional outreach, but the absence of new contract wins, financial updates, or guidance changes leaves the near-term narrative largely unchanged.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,258 | 1,269 | 1,289 | 1,301 | 1,269 | 1,296 | 1,317 | 1,286 | 1,244 | 1,323 | 1,366 | 1,572 | 1,665 |
| Expenses | 1,007 | 1,055 | 1,053 | 1,061 | 1,038 | 1,061 | 1,083 | 1,052 | 1,044 | 1,116 | 1,173 | 1,320 | 1,397 |
| Operating Profit | 250 | 214 | 237 | 240 | 231 | 236 | 234 | 233 | 200 | 208 | 193 | 252 | 267 |
| OPM % | 20% | 17% | 18% | 18% | 18% | 18% | 18% | 18% | 16% | 16% | 14% | 16% | 16% |
| Other Income | 31 | 30 | 31 | 24 | 23 | 16 | 28 | 61 | 68 | 54 | -125 | 94 | 46 |
| Interest | 5 | 5 | 5 | 4 | 5 | 5 | 6 | 5 | 5 | 5 | 9 | 16 | 15 |
| Depreciation | 24 | 26 | 27 | 29 | 30 | 30 | 30 | 31 | 31 | 31 | 36 | 47 | 47 |
| PBT | 253 | 213 | 235 | 231 | 220 | 217 | 226 | 258 | 233 | 226 | 23 | 283 | 252 |
| Tax % | 24% | 25% | 28% | 32% | 26% | 28% | 25% | 27% | 27% | 27% | 71% | 28% | 28% |
| Net Profit | 192 | 160 | 170 | 157 | 162 | 157 | 169 | 189 | 170 | 166 | 7 | 204 | 181 |
| EPS in Rs | 4.72 | 3.95 | 4.2 | 3.88 | 3.99 | 3.88 | 4.16 | 4.66 | 4.2 | 4.08 | 0.16 | 5.03 | 4.45 |
Profit & Loss
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,942 | 2,852 | 2,381 | 3,530 | 4,414 | 5,117 | 5,168 | 5,506 | 5,926 |
| Expenses | 2,437 | 2,382 | 1,995 | 2,884 | 3,593 | 4,176 | 4,234 | 4,653 | 5,006 |
| Operating Profit | 505 | 470 | 386 | 646 | 821 | 941 | 934 | 853 | 920 |
| OPM % | 17% | 16% | 16% | 18% | 19% | 18% | 18% | 15% | 16% |
| Other Income | 36 | 36 | 39 | 49 | 88 | 116 | 128 | 91 | 69 |
| Interest | 1 | 16 | 18 | 22 | 18 | 19 | 20 | 34 | 45 |
| Depreciation | 69 | 99 | 92 | 86 | 95 | 106 | 121 | 145 | 160 |
| PBT | 471 | 392 | 315 | 587 | 796 | 932 | 921 | 765 | 784 |
| Tax % | 25% | 36% | 24% | 26% | 22% | 27% | 27% | 29% | — |
| Net Profit | 353 | 252 | 239 | 437 | 624 | 679 | 677 | 547 | 557 |
| EPS in Rs | — | — | — | — | 15.38 | 16.75 | 16.69 | 13.46 | 13.72 |
| Div. Payout % | 18% | 66% | 0% | 0% | 0% | 60% | 70% | 87% | — |
Balance Sheet
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 42 | 42 | 42 | 42 | 81 | 81 | 81 | 81 |
| Reserves | 1,715 | 1,811 | 2,100 | 2,238 | 2,908 | 3,140 | 3,498 | 3,842 |
| Borrowings | 0 | 258 | 266 | 261 | 255 | 257 | 237 | 938 |
| Other Liabilities | 512 | 462 | 1,164 | 1,676 | 1,957 | 2,100 | 2,848 | 3,999 |
| Total Liabilities | 2,269 | 2,573 | 3,573 | 4,218 | 5,201 | 5,578 | 6,664 | 8,860 |
| Fixed Assets | 819 | 1,119 | 1,090 | 1,068 | 1,095 | 1,151 | 1,130 | 2,055 |
| CWIP | 25 | 0 | 0 | 0 | 3 | 0 | 0 | 15 |
| Investments | 39 | 36 | 497 | 528 | 30 | 150 | 616 | 823 |
| Other Assets | 1,386 | 1,417 | 1,986 | 2,622 | 4,074 | 4,277 | 4,918 | 5,966 |
| Total Assets | 2,269 | 2,573 | 3,573 | 4,218 | 5,201 | 5,578 | 6,664 | 8,860 |
Cash Flow
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating | 369 | 267 | 1,113 | -39 | 401 | 294 | 699 | 776 |
| Investing | -19 | -3 | -664 | 70 | -440 | 400 | -65 | -776 |
| Financing | -221 | -261 | -44 | -44 | -347 | -557 | -486 | 16 |
| Net Cash Flow | 129 | 4 | 405 | -13 | -385 | 137 | 148 | 15 |
| Free Cash Flow | 320 | 214 | 1,099 | -102 | 336 | 204 | 669 | 743 |
| CFO/OP | 108 | 85 | 317 | 14 | 78 | 63 | 108 | 112 |
Ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 93 | 91 | 79 | 91 | 82 | 71 | 79 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payable | 312 | — | — | — | — | — | — | — |
| Cash Conversion Cycle | -241 | 93 | 91 | 79 | 91 | 82 | 71 | 79 |
| Working Capital Days | 55 | 61 | -12 | -12 | 66 | 56 | 34 | 33 |
| ROCE % | — | 22% | 15% | 25% | 28% | 28% | 26% | 21% |
Documents
Frequently Asked Questions about Tata Technologies Ltd
What does Tata Technologies Ltd do?
Where is Tata Technologies Ltd (TATATECH) listed?
Which sector does Tata Technologies Ltd belong to?
What is the market capitalisation of Tata Technologies Ltd?
What is the PE ratio of Tata Technologies Ltd?
What is the 52-week high and low of Tata Technologies Ltd?
Does Tata Technologies Ltd pay dividends?
What is the Return on Equity (ROE) of Tata Technologies Ltd?
How can I research Tata Technologies Ltd on Tapetide?
Company Information
Incorporated in 1994, Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions.[1]