āagman

Tata Elxsi Ltd

NSE: TATAELXSIF&O
₹3,848.60
+₹58.60 (+1.55%)
NSE · 21 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹23,988 Cr
CMP
₹3,848.60
52-wk High / Low
₹5,950 / 2,996
P/E
33.3
P/B
8.2
Book Value
₹468.0
Div Yield
1.95%
ROCE
30.0%
ROE
23.6%
Face Value
₹10
D/E
0.05

Price−28.3% over 1Y

āagman read

Computed by āagman
Derived from 19 years and 25 quarters of filings. Not reported by the company.
As of 21 Oct 2026
How we compute these
Piotroski F-Score
2
/ 9
2 of 9 F-score tests passed
Graham Number
₹1,064
√(22.5 × EPS × book value per share)
ROIC
17.9%
vs 13.3% sector median
Cash flow to profit
1.06
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+85
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
8.3%
ROE × earnings retention ratio
ROE stability
5.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.01FII −1.85DII −1.05
Latest quarter vs the previous one
Cash-accrual divergence
−1.0%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 30% vs the 2026 sector median of 21.5%)
Watch-outs
−Price trades below its 200-day moving average (0.9x)
−Price is 35.3% below its 52-week high
−Piotroski F-Score of 2/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Standalone basis (as filed) · ₹ Cr · 13 quarters
As of 30 Sep 2026
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales8829149069269559399088929189539941,0211,056
Expenses618644645674689693701705725731749805824
Operating Profit264270261252266247208187193222245216231
OPM %29.9%29.5%28.8%27.2%27.9%26.3%22.9%21.0%21.0%23.3%24.6%21.2%21.9%
Other Income313534326440433849−50514135
Interest6655555544434
Depreciation25252827272625242323232224
Profit before tax264274262252299256221196215146268232239
Net Profit200206197184229199172144155109220171170
EPS (₹)32.1233.1531.6229.5636.8431.9527.6823.1824.8517.4835.3727.3827.33

Profit & Loss

As of 30 Sep 2026
Standalone · ₹ Cr · 20 years + TTM
Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026TTM
Sales4024193884165396227758491,0751,2371,3861,5971,6101,8262,4713,1453,5523,7293,757—4,024
Expenses3273383203684645496376728279641,0391,1811,2661,3031,7042,1822,5052,7552,909—3,110
Operating Profit7582684875731371772482743474163445247679621,047974848—914
OPM %18.7%19.6%17.5%11.5%13.9%11.7%17.7%20.8%23.1%22.2%25.0%26.0%21.4%28.7%31.0%30.6%29.5%26.1%22.6%—22.7%
Other Income20144−11124121843435840457412217988—77
Interest242235311111771017212018—14
Depreciation131617172124352523272525434455819910594—92
Profit before tax6262513255331121562362643644333525127459381,0491,028825—886
Net Profit53584933352172103155175240290256368550755792785628—670
EPS (₹)8.489.347.845.225.553.4211.6016.5224.8528.0538.5446.5641.1259.1188.26121.26127.21126.03100.88—107.56

Balance Sheet

As of 30 Sep 2026
Standalone · ₹ Cr
Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026Sep 2026
Equity Capital3131313131313131313162626262626262626262—
Reserves881211441511611642052523555276768801,0281,2901,5392,0232,4432,7982,9792,850—
Borrowings5513342534590000005873138185225192162143—
Other Liabilities84778794108112153182214158207201241291430493457533759794—
Total Liabilities2592422963023353653884656007159451,1431,3891,7172,1692,7643,1873,5863,9633,849—
Fixed Assets9997909110099979810710894101147170272334396318259235—
CWIP2101210211332120172272200—
Investments00000000000000000007—
Other Assets1581442061992242452793644916078481,0421,2411,5401,8762,4232,7893,2663,7033,607—
Total Assets2592422963023353653884656007159451,1431,3891,7172,1692,7643,1873,5863,9633,849—

Cash Flows

As of 31 Mar 2026
Standalone · ₹ Cr
Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity148014716238129143121144197215256437483487701812664
Cash from Investing Activity−41−14−10−29−33−30−22−29−3128−245−16243−439−106−201−274−311−70
Cash from Financing Activity28−71−6−36−23−11−79−32−41−52−60−83−124−126−326−303−428−499−535
Net Cash Flow1−5−276−4288349120−108−30175−12851−17−1259

Ratios

As of 31 Mar 2026
19 periods
Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—39.028.016.027.022.047.060.071.056.057.051.035.040.048.048.043.036.030.0
ROE %——————————————————23.6
EPS (₹)8.489.347.845.225.553.4211.6016.5224.8528.0538.5446.5641.1259.1188.26121.26127.21126.03107.56
Book Value (₹)——————————————————468.0
Face Value (₹)——————————————————10
P/E——————————————————33.3
Div Yield %——————————————————1.95
NPM %13.113.812.67.96.43.49.112.114.313.916.817.715.319.721.923.521.620.116.3
OPM %19.020.018.011.014.012.018.021.023.022.025.026.021.029.031.031.029.026.023.0
D/E0.460.090.190.140.180.300.000.000.000.000.000.000.050.050.090.090.090.070.05
P/B——————————————————8.2

Growth

As of 18 Oct 2026
Compounded sales growth
10 years+13.0%
5 years+16.0%
3 years+6.0%
TTM+10.0%
Compounded profit growth
10 years+16.0%
5 years+14.0%
3 years−3.0%
TTM+7.0%
Stock price CAGR
10 years+19.0%
5 years−9.0%
3 years−21.0%
Last year−28.0%
Return on equity
10 years32.0%
5 years32.0%
3 years29.0%
Last year24.0%

Shareholding pattern

As of 30 Sep 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters44.63%44.63%43.92%43.92%43.92%43.91%43.91%43.91%43.91%43.90%43.90%43.90%43.90%43.89%
FIIs8.97%8.97%15.02%14.56%13.67%13.65%13.27%12.73%12.74%12.53%8.56%11.08%9.85%8.00%
DIIs5.90%5.90%5.71%6.06%6.24%7.38%7.50%8.54%9.79%10.37%12.28%11.39%11.03%9.98%
Government——————————————
Public40.50%40.50%35.34%35.47%36.16%35.04%35.30%34.82%33.54%33.18%35.24%33.62%35.20%38.14%
No. of shareholders85,70885,7085,16,3305,37,4605,74,5155,50,8415,72,7195,89,9675,79,3105,78,7365,73,3125,66,9885,89,8056,11,277
Change since Jun 2023 (pp)
Promoters −0.74FIIs −0.97DIIs +4.08Public −2.36

Documents

As of 18 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAnnouncement under Regulation 30 (LODR)-Investor PresentationAnnouncement under Regulation 30 (LODR)-Press Release / Media Release
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Oct 2026PPTOct 2026RecordingJul 2026TranscriptJul 2026PPTJul 2026RecordingApr 2026TranscriptApr 2026TranscriptApr 2026PPTApr 2026RecordingJan 2026Transcript

Corporate actions

As of 10 Jun 2026
10 Jun 2026DIVIDENDDividend - Rs 75 Per Share—
11 Jun 2025DIVIDENDDividend - Rs 75 Per Share—
25 Jun 2024DIVIDENDAnnual General Meeting/Dividend - Rs 70 Per Share—
22 Jun 2023DIVIDENDAnnual General Meeting/Dividend - Rs 60.60 Per Share—
15 Jun 2022DIVIDENDAnnual General Meeting/Dividend - Rs 42.5 Per Share—
17 Jun 2021DIVIDEND Annual General Meeting/Dividend - Rs 24 Per Share/Special Dividend - Rs 24 Per Share—
13 Jul 2020DIVIDEND Annual General Meeting/Dividend - Rs 16.50 Per Share—
8 Jul 2019DIVIDEND Annual General Meeting/Dividend Rs 13.50 Per Share—
16 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 11 Per Share—
18 Sep 2017BONUS Bonus 1:1—
18 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 16 Per Share—
15 Jul 2016DIVIDEND Annual General Meeting/ Dividend -Rs 14/- Per Share—
15 Jul 2015DIVIDENDAnnual General Meeting/Dividend Rs 11/- Per Share—
9 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Rs 9/- Per Share—
12 Jul 2013DIVIDENDAnnual General Meeting / Dividend - Rs 5/- Per Share—
13 Jul 2012DIVIDENDAnnual General Meeting/Dividend Rs 7 Per Share—
8 Jul 2011DIVIDENDAnnual General Meeting/Dividend Rs 7 Per Share—
12 Jul 2010DIVIDENDDividend-Rs.7/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges.© 2026 āagman