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Tata Technologies Ltd

TATATECH NSE

Key Fundamentals

SmallcapIT Enabled ServicesInformation Technology
Market Cap
₹33,877 Cr
Volatility
Moderate
P/E Ratio
60.66
EBITDA
₹1,028 Cr
Return on Equity
13.93%
Debt to Equity
0.24
Book Value
₹79.55
EPS
₹16.02
52W High
₹891
52W Low
₹507.4

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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44 extracted metrics + investor summaries across FY19–FY26.

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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

Revenue Growth
7.32%
Net Income Growth
-19.26%
Cash Flow Change
10.93%
ROE
-26.34%
ROCE
-34.56%
EBITDA Margin (Avg.)
-9.50%

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

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.

Bull Case 8
  • 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
Bear Case 7
  • 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

Anthropic anthropic claude-opus-4.6 17h ago
Neutral 3
  • 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 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
Figures in ₹ Crores

Balance Sheet

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Jun 2026
Promoters 55.17%
Public 25.44%
Others 8.61%
FIIs 6.30%
DIIs 4.48%
Total 100.00%
  Nov 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
55.39%
55.39%
55.39%
55.39%
55.22%
55.22%
55.22%
55.22%
55.22%
55.21%
55.18%
55.17%
FIIs
0.00%
0.00%
1.09%
1.63%
3.62%
3.10%
3.10%
4.87%
5.25%
5.52%
5.77%
6.30%
DIIs
3.58%
2.40%
1.64%
1.91%
3.58%
3.06%
2.48%
3.32%
2.87%
2.93%
3.44%
4.48%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
14.09%
15.28%
17.83%
20.02%
23.01%
24.29%
24.99%
27.88%
28.12%
27.74%
26.92%
25.44%
Others
26.94%
26.92%
24.05%
21.05%
14.57%
14.33%
14.20%
8.71%
8.54%
8.59%
8.68%
8.61%
No. of Shareholders
8,54,761
10,39,670
11,78,340
12,41,880
12,79,750
13,50,830
13,74,610
14,11,040
13,90,010
13,45,080
12,99,830
12,39,120

Documents

Frequently Asked Questions about Tata Technologies Ltd

What does Tata Technologies Ltd do?
Incorporated in 1994, Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions.[1]
Where is Tata Technologies Ltd (TATATECH) listed?
Tata Technologies Ltd is listed on the Indian stock exchanges. It is listed on NSE: TATATECH and BSE: 544028. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Tata Technologies Ltd belong to?
Tata Technologies Ltd operates in the Information Technology sector within the IT - Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Tata Technologies Ltd?
Tata Technologies Ltd has a market capitalisation of approximately ₹33876.90 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Tata Technologies Ltd?
The Price-to-Earnings (PE) ratio of Tata Technologies Ltd is 60.66. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Tata Technologies Ltd?
Over the past 52 weeks, Tata Technologies Ltd has traded between a low of ₹507.4 and a high of ₹891. This range helps investors understand the stock's price volatility and recent trading levels.
Does Tata Technologies Ltd pay dividends?
Yes, Tata Technologies Ltd has a dividend yield of 1.39%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Tata Technologies Ltd?
Tata Technologies Ltd has a Return on Equity (ROE) of 13.93%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Tata Technologies Ltd on Tapetide?
On Tapetide, you can view Tata Technologies Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1994, Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions.[1]

Listed 2023-11-30
Face Value ₹ 2
Issued Size 40,57,43,604

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