Tata Elxsi Ltd

₹ 8,556 1.52%
30 Sep - close price
About

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. [1]

Key Points

Geographical Presence
The company is present across the world with Europe accounting for majority of revenues at 36.5%, followed by Americas (36%), India (13%) & rest of world contributing to rest 14.5% of revenues. [1]

  • Market Cap 53,287 Cr.
  • Current Price 8,556
  • High / Low 10,760 / 5,263
  • Stock P/E 85.8
  • Book Value 257
  • Dividend Yield 0.50 %
  • ROCE 47.7 %
  • ROE 37.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 25.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.6%
  • Company has been maintaining a healthy dividend payout of 56.5%

Cons

  • Stock is trading at 33.3 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
362 386 423 439 400 430 477 518 558 595 635 682 726
292 315 329 330 308 312 333 350 408 412 425 460 488
Operating Profit 70 70 94 109 93 118 144 168 150 184 211 221 238
OPM % 19% 18% 22% 25% 23% 27% 30% 32% 27% 31% 33% 32% 33%
12 12 21 13 13 4 15 7 18 2 7 18 10
Interest 1 1 1 1 1 1 1 2 2 2 3 3 3
Depreciation 10 11 11 11 11 11 11 11 12 14 14 16 17
Profit before tax 70 70 102 110 94 110 146 162 154 171 200 220 228
Tax % 30% 29% 26% 25% 27% 28% 28% 29% 26% 27% 25% 27% 19%
Net Profit 49 50 75 82 69 79 105 115 113 125 151 160 185
EPS in Rs 7.83 8.00 12.11 13.18 11.06 12.67 16.89 18.49 18.21 20.12 24.24 25.69 29.66
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
411 514 605 772 849 1,075 1,237 1,386 1,597 1,610 1,826 2,471 2,638
364 447 535 635 672 827 964 1,039 1,181 1,266 1,303 1,704 1,784
Operating Profit 47 68 70 137 177 248 274 347 416 344 524 767 854
OPM % 11% 13% 12% 18% 21% 23% 22% 25% 26% 21% 29% 31% 32%
4 6 -10 16 4 12 18 43 43 58 40 45 37
Interest 2 3 5 3 1 1 1 1 1 7 7 10 11
Depreciation 17 21 24 35 25 23 27 25 25 43 44 55 61
Profit before tax 31 50 32 115 156 236 264 364 433 352 512 745 820
Tax % -2% 33% 34% 35% 34% 34% 34% 34% 33% 27% 28% 26%
Net Profit 32 34 21 75 103 155 175 240 290 256 368 550 621
EPS in Rs 5.09 5.45 3.37 12.06 16.52 24.85 28.05 38.54 46.56 41.12 59.11 88.26 99.71
Dividend Payout % 69% 64% 74% 37% 33% 28% 29% 29% 29% 40% 81% 48%
Compounded Sales Growth
10 Years: 17%
5 Years: 15%
3 Years: 16%
TTM: 33%
Compounded Profit Growth
10 Years: 32%
5 Years: 26%
3 Years: 24%
TTM: 51%
Stock Price CAGR
10 Years: 54%
5 Years: 60%
3 Years: 133%
1 Year: 48%
Return on Equity
10 Years: 34%
5 Years: 33%
3 Years: 32%
Last Year: 37%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
31 31 31 31 31 31 31 62 62 62 62 62
Reserves 149 158 161 204 252 355 527 676 880 1,028 1,290 1,539
25 34 59 0 0 0 0 0 0 58 73 138
93 107 106 152 182 214 158 207 201 241 291 430
Total Liabilities 298 330 356 387 465 600 715 945 1,143 1,389 1,717 2,169
91 100 99 97 98 107 108 94 101 147 170 272
CWIP 12 10 21 13 3 2 1 2 0 1 7 22
Investments 0 0 0 0 0 0 0 0 0 0 0 0
196 219 236 277 364 491 607 848 1,042 1,241 1,540 1,876
Total Assets 298 330 356 387 465 600 715 945 1,143 1,389 1,717 2,169

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
72 58 37 126 143 121 144 197 215 256 437 483
-29 -31 -29 -18 -29 -31 28 -245 -162 43 -439 -106
-36 -23 -11 -79 -32 -41 -52 -60 -83 -124 -126 -326
Net Cash Flow 7 3 -3 29 83 49 120 -108 -30 175 -128 51

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 92 88 81 74 66 73 72 81 81 89 98 99
Inventory Days 9 0 0 6 8 2
Days Payable 661 205 212 244
Cash Conversion Cycle -559 88 81 74 66 73 72 81 -117 -116 98 -143
Working Capital Days 37 35 40 22 10 26 54 59 69 75 56 50
ROCE % 16% 25% 22% 48% 60% 71% 56% 57% 51% 35% 40% 48%

Shareholding Pattern

Numbers in percentages

6 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
44.53 44.53 44.53 44.53 44.53 44.53 44.53 44.53 44.53 44.32 44.08 43.92
7.70 9.05 10.71 10.54 11.75 12.62 12.07 11.81 12.71 11.93 13.15 15.17
5.27 2.52 3.68 4.05 4.62 4.82 5.32 5.77 4.96 5.55 4.94 4.21
42.50 43.90 41.09 40.88 39.10 38.03 38.08 37.89 37.80 38.21 37.83 36.71

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