Company File · BSE 500408 · Latest filing Q2 FY27
Standalone = this company only. Consolidated = including its subsidiaries.
Tata Elxsi Ltd
Data as of 19 Oct 2026 close · BSE · Latest results Q2 FY27
ISIN INE670A01012 · TATAELXSI · Information Technology › IT - Software
About the business
What does Tata Elxsi do? It is a Tata group design & technology services company. Put simply, it helps companies design products & software. It works mainly for automakers on vehicle software & electric vehicles, for media & telecom firms on video & broadband technology, & for healthcare companies on medical devices.
Price & valuation · BSE close, 19 Oct 2026
Below its usual level
- Sales growth
- +15.0%
- Profit growth
- +10.0%
- Op. margin
- 19.7%
- P/E
- 35.2×
- Usual P/E
- 44.3×
- Price/book
- 8.09×
- ROCE
- 32.0%
- ROE
- 23.9%
- Debt/equity
- 0.00×
- Promoter
- 43.89%
- Pledged
- 0.00%
From the latest earnings call · Jul to Sep 2026 · transcript filed 19 Oct 2026
Jul–Sep 2026 saw operating revenue of ₹1,056 crore growing 2.3% in constant currency, with EBITDA margin expanding 70 bps to 21.9% despite wage hikes. Management expects H2 better than H1, with growth momentum sustained across media, healthcare & automotive, though Europe remains soft.
Is it expensive, and is it a good business?
Key ratios
In short Priced below its own usual level (P/E 35.2× vs 44.3×), earns high returns on capital (ROCE 32.0%) and has no debt.
What you pay Valuation
Buyers pay about ₹35 for every ₹1 the company earned per share over the last year. Below its 1-year median of 44.3×.
Latest BSE close ÷ last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 19th October 2026.
The share price is 8.1 times the accounting value of each share. Below its 1-year median of 9.8×.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
The market values the company at 5.9 times its yearly sales.
Market value ÷ last 12 months' revenue. As of 19th October 2026.
The whole business (shares plus debt, minus cash) is valued at about 24.0 years of its operating profit.
Enterprise value ÷ last 12 months' EBITDA. As of 19th October 2026.
EPS fell 0.1% over the last four quarters vs the four before, from ₹107.66 to ₹107.57 a share, so PEG does not apply.
P/E ÷ 12-month EPS growth in % (the last four quarters vs the four before; when those are not all held, the latest financial year vs the year before). Growth above 100% counts as 100%; left blank when EPS fell or was below ₹1 a share a year earlier. Without one-off items when either year has large ones, as for the P/E. As of 19th October 2026.
The company paid ₹75.00 a share in the last 12 months (1 payout), 1.98% of today's share price.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How well it uses money Returns & strength
Each ₹100 of shareholders' money and debt earned about ₹32.0 before interest & tax.
Last 12 months' profit before interest & tax ÷ average (equity + borrowings). As of 30th September 2026.
For every ₹100 of shareholders' money, the company earned about ₹23.9 in a year.
Last 12 months' profit after tax (continuing operations where reported) ÷ average equity. As of 30th September 2026.
The money actually tied up in running the business (leaving out spare cash) earned about 49.8% after tax.
This company holds a lot of cash, so ROIC (which leaves cash out) is much higher than ROCE.
Last 12 months' operating profit after tax (profit before interest & tax × (1 − effective tax rate)) ÷ average invested capital (equity + borrowings − cash & bank balances). As of 30th September 2026.
Every ₹1 of assets generated about ₹1.10 of sales in a year.
Last 12 months' revenue ÷ average total assets. As of 30th September 2026.
Operating profit covered interest costs about 65 times.
Last 12 months' profit before interest & tax ÷ finance costs. As of 30th September 2026.
The company reported no borrowings.
Borrowings ÷ shareholders' equity on the latest balance-sheet date. As of 30th September 2026.
Who owns it Ownership & more
The founders or parent group own 43.89% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th September 2026.
Promoter holding fell by 0.01 percentage points last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th September 2026.
Promoter holding, quarter by quarter
- Sep 202643.89%
- Jun 202643.90%
- Mar 202643.90%
- Dec 202543.90%
- Sep 202543.90%
Promoters reported no pledged shares.
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th September 2026.
Pledged, quarter by quarter
- Sep 20260.00%
- Jun 20260.00%
- Mar 20260.00%
- Dec 20250.00%
- Sep 20250.00%
After paying for new plant & equipment, operations left ₹653 crore of cash.
Cash from operations − spending on plant & equipment, latest full year. As of 31st March 2026.
Free cash flow, year by year
- FY26₹653 Cr
- FY25₹796 Cr
Each share has a face (nominal) value of ₹10. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 6.23 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹23,568 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹21,953 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
The company reported ₹670 crore of profit over the last four quarters.
Sum of the last four quarters' reported profit after tax. As of 30th September 2026.
Each share earned about ₹107.57 over the last year.
Sum of the last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 30th September 2026.
Each share is backed by about ₹468 of net assets on the books.
Shareholders' equity ÷ shares. As of 30th September 2026.
About ₹20.4 of every ₹100 of sales was left after running costs & depreciation.
Operating profit after depreciation (EBIT) ÷ revenue over the last four quarters, the way IT companies report their operating margin. As of 30th September 2026.
About ₹16.1 of every ₹100 of sales became profit last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 30th September 2026.
Sales were 15.0% higher than a year earlier.
Latest quarter's revenue vs the same quarter last year. As of 30th September 2026.
Profit was 10.0% higher than a year earlier.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 30th September 2026.
Short-term assets cover short-term bills 3.77 times.
Current assets ÷ current liabilities. As of 30th September 2026.
Customers take about 97 days to pay.
Trade receivables ÷ last 12 months' revenue × 365. As of 30th September 2026.
Stock on hand equals about 0 days of sales.
Inventories ÷ last 12 months' revenue × 365. As of 30th September 2026.
19.5% of pre-tax profit came from other income (interest, dividends, gains).
Other income ÷ profit before tax, last 12 months. As of 30th September 2026.
Each ₹1 of profit brought in ₹1.06 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Cash exceeds borrowings by ₹1,615 crore.
Cash & bank balances − borrowings. As of 30th September 2026.
The company paid about 24.3% of its pre-tax profit as tax.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 30th September 2026.
Everything the company owns earned 18.3% in a year.
Last 12 months' profit ÷ average total assets. As of 30th September 2026.
Operating profit before interest, depreciation & tax was ₹914 crore.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 30th September 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹11 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
No borrowings reported.
Current + non-current borrowings. As of 30th September 2026.
Foreign institutions own 8.00%.
Foreign institutional holding from the latest shareholding pattern. As of 30th September 2026.
Domestic institutions own 9.98%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th September 2026.
The highest price in the last year was ₹5,949.95.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 8th January 2026.
The lowest price in the last year was ₹3,000.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 8th October 2026.
The share price moved -29.9% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
About 70% of the last year's earnings per share was paid out as dividends.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 30th September 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 6.23 crore, from paid-up capital in the 19th October 2026 filing. Figures are standalone.
What you pay: Higher numbers mean you pay more for each rupee the company earns or owns.
How well it uses money: Higher returns mean each rupee in the business earns more. Lower debt means less strain.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 4 quarters ₹ crore · Standalone
| ₹ crore | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|
| Revenue from operations | 953.5 | 993.8 | 1,021 | 1,056 |
| EBITDA | 222.2 | 244.6 | 216.0 | 231.4 |
| Operating profit after depreciation (EBIT) | 199.4 | 221.3 | 193.7 | 207.8 |
| Operating margin | 20.9% | 22.3% | 19.0% | 19.7% |
| One-off items | −95.7 | – | – | – |
| Profit after tax | 108.9 | 220.4 | 170.6 | 170.3 |
| Profit after tax without one-offs | 180.7 | 220.4 | 170.6 | 170.3 |
| Basic EPS (₹) | 17.48 | 35.37 | 27.38 | 27.34 |
Operating margin is after depreciation, the way IT companies report it.
One-off items: exceptional items reported separately in the filing. Profit without one-offs takes them out after tax at 25%.
Latest filings BSE
Corporate announcements 5
- 13 Oct 2026Allotment of ESOP / ESPS
- 13 Oct 2026Appointment of Statutory Auditor/s
- 10 Sep 2026Press Release / Media Release
Quarterly results 3
- 13 Oct 2026Press Release / Media Release
- 13 Oct 2026Audited Financial Results For The Quarter And Half-Year Ended September 30, 2026
- 6 Oct 2026Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results For The Quarter And Half-Year Ended September 30, 2026
Conference calls 4
- 19 Oct 2026Earnings Call TranscriptOpens the call notes & transcript
- 13 Oct 2026Analyst / Investor Meet - Outcome
- 6 Oct 2026Analyst / Investor Meet - Intimation
Investor presentations 1
- 13 Oct 2026Investor Presentation
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