Tata Technologies Ltd
Incorporated in 1994, Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions.[1]
- Market Cap ₹ 28,220 Cr.
- Current Price ₹ 696
- High / Low ₹ 1,136 / 595
- Stock P/E 33.2
- Book Value ₹ 40.8
- Dividend Yield 1.21 %
- ROCE 67.7 %
- ROE 59.4 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 23.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 51.6%
- Company has been maintaining a healthy dividend payout of 107%
Cons
- Stock is trading at 17.0 times its book value
- Earnings include an other income of Rs.486 Cr.
* 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 BSE 150 MidCap Index Nifty India Digital Index
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 1,217 | 1,245 | 1,051 | 1,731 | 2,112 | 2,732 | 3,024 | |
| 913 | 941 | 854 | 1,421 | 1,746 | 2,240 | 2,408 | |
| Operating Profit | 304 | 303 | 197 | 310 | 367 | 492 | 617 |
| OPM % | 25% | 24% | 19% | 18% | 17% | 18% | 20% |
| 11 | 149 | 14 | 38 | 38 | 405 | 486 | |
| Interest | 0 | 9 | 11 | 14 | 12 | 12 | 13 |
| Depreciation | 49 | 60 | 54 | 50 | 61 | 66 | 79 |
| Profit before tax | 266 | 384 | 147 | 283 | 332 | 819 | 1,010 |
| Tax % | 28% | 24% | 26% | 23% | 27% | 16% | 16% |
| 191 | 292 | 108 | 219 | 244 | 687 | 849 | |
| EPS in Rs | 6.02 | 16.94 | 20.93 | ||||
| Dividend Payout % | 34% | 57% | 0% | 0% | 204% | 59% | 56% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 20% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 57% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 52% |
| Last Year: | 59% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 43 | 42 | 42 | 42 | 81 | 81 | 81 |
| Reserves | 716 | 719 | 829 | 742 | 939 | 1,124 | 1,575 |
| 0 | 0 | 88 | 93 | 86 | 82 | 77 | |
| 219 | 256 | 938 | 1,227 | 1,492 | 1,643 | 2,438 | |
| Total Liabilities | 978 | 1,017 | 1,897 | 2,104 | 2,598 | 2,930 | 4,171 |
| 97 | 191 | 160 | 184 | 178 | 209 | 180 | |
| CWIP | 25 | 0 | 0 | 0 | 3 | 0 | 0 |
| Investments | 258 | 255 | 716 | 747 | 249 | 369 | 831 |
| 598 | 571 | 1,021 | 1,173 | 2,169 | 2,352 | 3,160 | |
| Total Assets | 978 | 1,017 | 1,897 | 2,104 | 2,598 | 2,930 | 4,171 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 163 | 882 | -370 | 347 | 87 | 317 | ||
| -19 | -684 | 159 | 27 | 431 | 155 | ||
| -153 | -21 | -19 | -318 | -524 | -450 | ||
| Net Cash Flow | -10 | 178 | -230 | 55 | -6 | 22 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 110 | 85 | 106 | 71 | 74 | 61 | 53 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payable | |||||||
| Cash Conversion Cycle | 110 | 85 | 106 | 71 | 74 | 61 | 53 |
| Working Capital Days | 101 | 83 | -71 | -36 | 78 | 52 | 106 |
| ROCE % | 52% | 18% | 32% | 35% | 69% | 68% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - 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
2d - Audio recording of Q4 and FY 2025 earnings call available on company website.
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General Updates
2d - 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
2d - Re-appointment of two Independent Woman Directors for five years, subject to shareholder approval.
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Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Investor/analyst presentation on financial results for quarter and financial year ended March 31, 2025
Concalls
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Apr 2025TranscriptNotesPPT
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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]