Tata Elxsi Ltd

About [ edit ]

Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design studios, global development centers and offices worldwide. #

Key Points [ edit ]
  • Market Cap 22,814 Cr.
  • Current Price 3,662
  • High / Low 4,090 / 740
  • Stock P/E 62.0
  • Book Value 217
  • Dividend Yield 0.45 %
  • ROCE 40.2 %
  • ROE 30.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.78%
  • Company has been maintaining a healthy dividend payout of 36.58%

Cons

  • Stock is trading at 16.86 times its book value
  • The company has delivered a poor sales growth of 11.18% over past five years.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
382 403 407 405 362 386 423 439 400 430 477 518
276 296 304 307 292 315 329 330 308 312 333 350
Operating Profit 107 107 103 98 70 70 94 109 93 118 144 168
OPM % 28% 26% 25% 24% 19% 18% 22% 25% 23% 27% 30% 32%
Other Income 8 23 -3 15 12 12 21 13 13 4 15 7
Interest 0 0 0 0 1 1 1 1 1 1 1 2
Depreciation 6 6 6 7 10 11 11 11 11 11 11 11
Profit before tax 108 124 94 107 70 70 102 110 94 110 146 162
Tax % 35% 34% 30% 33% 30% 29% 26% 25% 27% 28% 28% 29%
Net Profit 70 82 66 71 49 50 75 82 69 79 105 115
EPS in Rs 11.32 13.20 10.60 11.45 7.83 8.00 12.11 13.18 11.06 12.67 16.89 18.49

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
376 411 514 605 772 849 1,075 1,237 1,386 1,597 1,610 1,826
309 364 447 535 635 672 827 964 1,038 1,181 1,259 1,304
Operating Profit 67 47 68 70 137 177 248 274 348 416 351 522
OPM % 18% 11% 13% 12% 18% 21% 23% 22% 25% 26% 22% 29%
Other Income 1 4 6 -10 16 4 12 18 42 43 52 40
Interest 2 2 3 5 3 1 1 1 1 1 7 6
Depreciation 17 17 21 24 35 25 23 27 25 25 43 44
Profit before tax 50 31 50 32 115 156 236 264 364 433 352 512
Tax % 3% -2% 33% 34% 35% 34% 34% 34% 34% 33% 27% 28%
Net Profit 48 32 34 21 75 103 155 175 240 290 256 368
EPS in Rs 7.69 5.09 5.45 3.37 12.06 16.52 24.85 28.05 38.54 46.56 41.12 59.11
Dividend Payout % 46% 69% 64% 74% 37% 33% 28% 29% 29% 29% 40% 41%
Compounded Sales Growth
10 Years:16%
5 Years:11%
3 Years:10%
TTM:13%
Compounded Profit Growth
10 Years:28%
5 Years:19%
3 Years:15%
TTM:41%
Stock Price CAGR
10 Years:41%
5 Years:32%
3 Years:47%
1 Year:374%
Return on Equity
10 Years:32%
5 Years:32%
3 Years:30%
Last Year:30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
31 31 31 31 31 31 31 31 62 62 62 62
Reserves 143 149 158 161 204 252 355 527 676 880 1,028 1,290
Borrowings 34 25 34 59 0 0 0 0 0 0 58 73
77 93 107 106 152 182 214 158 207 201 241 291
Total Liabilities 285 298 330 356 387 465 600 715 945 1,143 1,389 1,717
90 91 100 99 97 98 107 108 94 101 147 170
CWIP 0 12 10 21 13 3 2 1 2 0 1 7
Investments 0 0 0 0 0 0 0 0 0 0 0 0
195 196 219 236 277 364 491 607 848 1,042 1,241 1,540
Total Assets 285 298 330 356 387 465 600 715 945 1,143 1,389 1,717

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
14 72 58 37 126 143 121 144 197 215 256 437
-10 -29 -31 -29 -18 -29 -31 28 -245 -162 43 -438
-6 -36 -23 -11 -79 -32 -41 -52 -60 -83 -124 -126
Net Cash Flow -2 7 3 -3 29 83 49 120 -108 -30 175 -127

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 28% 16% 25% 22% 48% 60% 71% 56% 57% 51% 35% 40%
Debtor Days 116 92 88 81 74 66 73 72 81 81 89 80
Inventory Turnover 739.00 90.48 103.19 138.24 311.55 224.48 240.00 129.65 53.44 98.35

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
44.57 44.57 44.57 44.53 44.53 44.53 44.53 44.53 44.53 44.53 44.53 44.53
10.88 10.51 8.02 9.56 8.75 7.70 9.05 10.71 10.54 11.75 12.62 12.07
6.12 6.63 6.40 5.27 5.30 5.27 2.52 3.68 4.05 4.62 4.82 5.32
38.44 38.29 41.01 40.64 41.42 42.50 43.90 41.09 40.88 39.10 38.03 38.08

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