Tata Technologies Ltd
Incorporated in 1994, Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions.[1]
- Market Cap ₹ 26,687 Cr.
- Current Price ₹ 658
- High / Low ₹ 1,136 / 595
- Stock P/E 39.4
- Book Value ₹ 88.2
- Dividend Yield 1.28 %
- ROCE 25.8 %
- ROE 19.9 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 70.0%
- Debtor days have improved from 75.9 to 54.5 days.
Cons
- Stock is trading at 7.46 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Part of BSE Allcap BSE 500 BSE Information Technology Nifty 500 Nifty 200
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 2,942 | 2,852 | 2,381 | 3,530 | 4,414 | 5,117 | 5,168 | |
| 2,437 | 2,382 | 1,995 | 2,884 | 3,593 | 4,176 | 4,234 | |
| Operating Profit | 505 | 470 | 386 | 646 | 821 | 941 | 934 |
| OPM % | 17% | 16% | 16% | 18% | 19% | 18% | 18% |
| 36 | 36 | 39 | 49 | 88 | 116 | 128 | |
| Interest | 1 | 16 | 18 | 22 | 18 | 19 | 20 |
| Depreciation | 69 | 99 | 92 | 86 | 95 | 106 | 121 |
| Profit before tax | 471 | 392 | 315 | 587 | 796 | 932 | 921 |
| Tax % | 25% | 36% | 24% | 26% | 22% | 27% | 27% |
| 353 | 252 | 239 | 437 | 624 | 679 | 677 | |
| EPS in Rs | 15.38 | 16.75 | 16.69 | ||||
| Dividend Payout % | 18% | 66% | 0% | 0% | 80% | 60% | 70% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 14% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 16% |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 22% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 42 | 42 | 42 | 42 | 81 | 81 | 81 |
| Reserves | 1,715 | 1,811 | 2,100 | 2,238 | 2,908 | 3,140 | 3,498 |
| 0 | 258 | 266 | 261 | 255 | 257 | 237 | |
| 512 | 462 | 1,164 | 1,676 | 1,957 | 2,100 | 2,848 | |
| Total Liabilities | 2,269 | 2,573 | 3,573 | 4,218 | 5,201 | 5,578 | 6,664 |
| 819 | 1,119 | 1,090 | 1,068 | 1,095 | 1,151 | 1,130 | |
| CWIP | 25 | 0 | 0 | 0 | 3 | 0 | 0 |
| Investments | 39 | 36 | 497 | 528 | 30 | 150 | 616 |
| 1,386 | 1,417 | 1,986 | 2,622 | 4,074 | 4,277 | 4,918 | |
| Total Assets | 2,269 | 2,573 | 3,573 | 4,218 | 5,201 | 5,578 | 6,664 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 369 | 267 | 1,113 | -39 | 401 | 294 | 699 | |
| -19 | -3 | -664 | 70 | -440 | 400 | -89 | |
| -221 | -261 | -44 | -44 | -347 | -557 | -486 | |
| Net Cash Flow | 129 | 4 | 405 | -13 | -385 | 137 | 124 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 93 | 91 | 79 | 91 | 82 | 54 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payable | 312 | ||||||
| Cash Conversion Cycle | -241 | 93 | 91 | 79 | 91 | 82 | 54 |
| Working Capital Days | 55 | 65 | -6 | -8 | 69 | 60 | 80 |
| ROCE % | 22% | 15% | 25% | 28% | 28% | 26% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Transcript of the conference call on financial results for the quarter and financial year ended March 31, 2025
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Apr - Newspaper Advertisement- Financial Results for quarter and financial year ended March 31, 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
25 Apr - Audio recording of Q4 and FY 2025 earnings call available on company website.
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General Updates
25 Apr - Appointment of J B Bhave & Co. as Secretarial Auditor for FY 2025-26 to FY 2029-30, subject to shareholder approval.
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Announcement under Regulation 30 (LODR)-Change in Directorate
25 Apr - Re-appointment of two Independent Woman Directors for five years, subject to shareholder approval.
Concalls
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Apr 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Jul 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Jan 2024TranscriptNotesPPT
Business Segments
1) Services (78% in H1 FY25 vs 75% in FY22): [1] [2] The company provides outsourced engineering services and digital transformation services to global manufacturing clients, to develop better products
fined vehicles (SDV). In FY24, it completed the development of the 2 EVs for a SEA-based automotive OEM and its activities are now transitioning to launch support. The segment revenue grew by 50% between FY22 and FY24, driven by new business wins with its anchor and non-anchor accounts. [3] [4]