Tata Technologies Ltd
Incorporated in 1994, Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions.[1]
- Market Cap ₹ 48,350 Cr.
- Current Price ₹ 1,192
- High / Low ₹ 1,400 / 1,151
- Stock P/E 77.5
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 28.1 %
- ROE 23.7 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
Cons
- Working capital days have increased from 18.3 days to 69.1 days
* 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
Half Yearly 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 | |
|---|---|---|---|---|---|
| 2,942 | 2,852 | 2,381 | 3,530 | 4,414 | |
| 2,437 | 2,382 | 1,995 | 2,884 | 3,593 | |
| Operating Profit | 505 | 470 | 386 | 646 | 821 |
| OPM % | 17% | 16% | 16% | 18% | 19% |
| 36 | 36 | 39 | 49 | 88 | |
| Interest | 1 | 16 | 18 | 22 | 18 |
| Depreciation | 69 | 99 | 92 | 86 | 95 |
| Profit before tax | 471 | 392 | 315 | 587 | 796 |
| Tax % | 25% | 36% | 24% | 26% | 22% |
| 353 | 252 | 239 | 437 | 624 | |
| EPS in Rs | 15.38 | ||||
| Dividend Payout % | 18% | 66% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| TTM: | 43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|
| Equity Capital | 42 | 42 | 42 | 42 | 81 | 81 |
| Reserves | 1,715 | 1,811 | 2,100 | 2,238 | 2,908 | 2,772 |
| 0 | 258 | 266 | 261 | 255 | 260 | |
| 512 | 462 | 1,164 | 1,676 | 1,957 | 2,029 | |
| Total Liabilities | 2,269 | 2,573 | 3,573 | 4,218 | 5,201 | 5,142 |
| 819 | 1,119 | 1,090 | 1,068 | 1,095 | 1,124 | |
| CWIP | 25 | 0 | 0 | 0 | 3 | 0 |
| Investments | 39 | 36 | 497 | 528 | 30 | 90 |
| 1,386 | 1,417 | 1,986 | 2,622 | 4,074 | 3,929 | |
| Total Assets | 2,269 | 2,573 | 3,573 | 4,218 | 5,201 | 5,142 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| 369 | 267 | 1,113 | -39 | 401 | |
| -19 | -3 | -664 | 70 | -440 | |
| -221 | -261 | -44 | -44 | -347 | |
| Net Cash Flow | 129 | 4 | 405 | -13 | -385 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Debtor Days | 71 | 93 | 91 | 79 | 91 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 |
| Days Payable | 312 | ||||
| Cash Conversion Cycle | -241 | 93 | 91 | 79 | 91 |
| Working Capital Days | 55 | 65 | -6 | -8 | 69 |
| ROCE % | 22% | 15% | 25% | 28% |
** Services offered**[1]
Tata Technologies' primary business line is services, which includes providing outsourced engineering services and digital transformation services to global manufacturing clients helping them design better products for their customers.