Tata Elxsi
Tata Elxsi Limited provides product design and engineering, and systems integration and support services in India, the United States, Europe, and internationally. The last earnings update was 71 days ago. More info.
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500408 Share Price and Events
7 Day Returns
1 Year Returns
500408 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Tata Elxsi (500408) | 2.8% | 15.2% | -2.3% | -0.8% | 2.1% | 267.1% |
| IN Software | -1.7% | 1.6% | -10% | -12% | -2.8% | 27.4% |
| IN Market | 0.3% | 8% | 1.6% | 2.4% | 44% | 81.3% |
1 Year Return vs Industry and Market
- 500408 outperformed the Software industry which returned -12% over the past year.
- 500408 underperformed the Market in India which returned 2.4% over the past year.
Value
Is Tata Elxsi undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Tata Elxsi
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Tata Elxsi.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 16.9% |
| Perpetual Growth Rate | 10-Year IN Government Bond Rate | 7.6% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IN Govt Bond Rate | 7.6% |
| Equity Risk Premium | S&P Global | 8.6% |
| Software Unlevered Beta | Simply Wall St/ S&P Global | 1.14 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.136 (1 + (1- 35%) (0%)) |
1.091 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.09 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.091 * 8.6%) |
16.93% |
Discounted Cash Flow Calculation for BSE:500408 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Tata Elxsi is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (INR, Millions) | Source |
Present Value Discounted (@ 16.93%) |
|
|---|---|---|---|
| 2019 | 3,065.50 | Analyst x2 | 2,621.62 |
| 2020 | 2,503.00 | Analyst x2 | 1,830.62 |
| 2021 | 2,717.00 | Analyst x2 | 1,699.40 |
| 2022 | 2,836.98 | Est @ 4.42% | 1,517.51 |
| 2023 | 2,988.93 | Est @ 5.36% | 1,367.28 |
| 2024 | 3,168.69 | Est @ 6.01% | 1,239.63 |
| 2025 | 3,373.86 | Est @ 6.47% | 1,128.78 |
| 2026 | 3,603.20 | Est @ 6.8% | 1,030.95 |
| 2027 | 3,856.26 | Est @ 7.02% | 943.59 |
| 2028 | 4,133.19 | Est @ 7.18% | 864.91 |
| Present value of next 10 years cash flows | ₹14,244.29 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= ₹4,133.19 × (1 + 7.55%) ÷ (16.93% – 7.55%) |
₹47,383.30 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= ₹47,383.30 ÷ (1 + 16.93%)10 |
₹9,915.43 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= ₹14,244.29 + ₹9,915.43 |
₹24,159.72 |
| Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹24,159.72 / 62.23 |
₹388.24 |
| Calculation | Result | |
|---|---|---|
| Value per share (INR) | From above. | ₹388.24 |
| Current discount | Discount to share price of
₹986.95
= -1 x (₹986.95 - ₹388.24) / ₹388.24 |
-154.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Tata Elxsi is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Tata Elxsi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Tata Elxsi's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in INR | ₹46.39 |
| BSE:500408 Share Price ** | BSE (2019-03-20) in INR | ₹986.95 |
| India Software Industry PE Ratio | Median Figure of 48 Publicly-Listed Software Companies | 17.19x |
| India Market PE Ratio | Median Figure of 2,728 Publicly-Listed Companies | 16.54x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Tata Elxsi.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:500408 Share Price ÷ EPS (both in INR) = 986.95 ÷ 46.39 |
21.27x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tata Elxsi is overvalued based on earnings compared to the IN Software industry average.
- Tata Elxsi is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does
Tata Elxsi's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 21.27x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
9.2%per year |
| India Software Industry PEG Ratio | Median Figure of 10 Publicly-Listed Software Companies | 0.91x |
| India Market PEG Ratio | Median Figure of 596 Publicly-Listed Companies | 1.28x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 21.27x ÷ 9.2% |
2.31x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tata Elxsi is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Tata Elxsi's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in INR | ₹129.58 |
| BSE:500408 Share Price * | BSE (2019-03-20) in INR | ₹986.95 |
| India Software Industry PB Ratio | Median Figure of 66 Publicly-Listed Software Companies | 1.21x |
| India Market PB Ratio | Median Figure of 3,614 Publicly-Listed Companies | 1.11x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BSE:500408 Share Price ÷ Book Value per Share (both in INR) = 986.95 ÷ 129.58 |
7.62x |
* Primary Listing of Tata Elxsi.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tata Elxsi is overvalued based on assets compared to the IN Software industry average.
Value checks
We assess Tata Elxsi's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) Tata Elxsi has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Tata Elxsi expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Tata Elxsi's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
- Tata Elxsi's earnings growth is positive but not above the India market average.
- Tata Elxsi's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| BSE:500408 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 9.2% |
| BSE:500408 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 14% |
| India Software Industry Earnings Growth Rate | Market Cap Weighted Average | 14.7% |
| India Software Industry Revenue Growth Rate | Market Cap Weighted Average | 11.9% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.5% |
| India Market Revenue Growth Rate | Market Cap Weighted Average | 11.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 21,408 | 3,235 | 3,487 | 2 |
| 2020-03-31 | 18,609 | 3,100 | 3,190 | 3 |
| 2019-03-31 | 16,282 | 3,330 | 2,890 | 3 |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 15,672 | 2,890 | |
| 2018-09-30 | 15,057 | 2,857 | |
| 2018-06-30 | 14,451 | 2,608 | |
| 2018-03-31 | 13,863 | 1,971 | 2,400 |
| 2017-12-31 | 13,336 | 2,117 | |
| 2017-09-30 | 12,984 | 1,931 | |
| 2017-06-30 | 12,604 | 1,814 | |
| 2017-03-31 | 12,373 | 1,443 | 1,748 |
| 2016-12-31 | 12,009 | 1,699 | |
| 2016-09-30 | 11,656 | 1,660 | |
| 2016-06-30 | 11,260 | 1,610 | |
| 2016-03-31 | 10,752 | 1,211 | 1,548 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Tata Elxsi Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 56.00 | 58.00 | 54.00 | 2.00 |
| 2020-03-31 | 51.23 | 54.48 | 48.80 | 3.00 |
| 2019-03-31 | 46.38 | 47.75 | 45.60 | 3.00 |
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-12-31 | 46.39 |
| 2018-09-30 | 45.88 |
| 2018-06-30 | 41.87 |
| 2018-03-31 | 38.54 |
| 2017-12-31 | 34.01 |
| 2017-09-30 | 31.02 |
| 2017-06-30 | 29.12 |
| 2017-03-31 | 28.07 |
| 2016-12-31 | 27.28 |
| 2016-09-30 | 26.65 |
| 2016-06-30 | 25.86 |
| 2016-03-31 | 24.86 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Tata Elxsi's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Tata Elxsi has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Tata Elxsi performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Tata Elxsi has delivered over 20% year on year earnings growth in the past 5 years.
- Tata Elxsi's 1-year earnings growth exceeds its 5-year average (36.5% vs 26.8%)
- Tata Elxsi's earnings growth has exceeded the IN Software industry average in the past year (36.5% vs 21.7%).
Earnings and Revenue History
All data from Tata Elxsi Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 15,672.03 | 2,889.65 | 251.60 | |
| 2018-09-30 | 15,057.31 | 2,857.36 | 251.60 | |
| 2018-06-30 | 14,451.01 | 2,607.93 | 251.60 | |
| 2018-03-31 | 13,862.96 | 2,400.38 | 251.60 | |
| 2017-12-31 | 13,336.45 | 2,117.47 | 235.11 | |
| 2017-09-30 | 12,983.53 | 1,931.29 | 235.11 | |
| 2017-06-30 | 12,604.17 | 1,813.50 | 235.11 | |
| 2017-03-31 | 12,373.12 | 1,747.85 | 236.38 | |
| 2016-12-31 | 12,009.43 | 1,698.82 | 223.84 | |
| 2016-09-30 | 11,656.28 | 1,659.94 | 223.84 | |
| 2016-06-30 | 11,260.00 | 1,610.16 | 223.84 | |
| 2016-03-31 | 10,752.06 | 1,548.10 | 223.50 | |
| 2015-12-31 | 10,125.30 | 1,435.56 | 1,183.54 | |
| 2015-09-30 | 9,599.42 | 1,314.14 | 1,183.54 | |
| 2015-06-30 | 9,021.67 | 1,169.52 | 1,183.54 | |
| 2015-03-31 | 8,494.01 | 1,020.21 | 1,183.54 | |
| 2014-12-31 | 8,296.45 | 940.36 | 1,431.12 | |
| 2014-09-30 | 8,082.80 | 878.35 | 1,431.12 | |
| 2014-06-30 | 7,923.67 | 841.29 | 1,431.12 | |
| 2014-03-31 | 7,747.86 | 722.62 | 1,430.78 | |
| 2013-12-31 | 7,266.98 | 585.48 | 1,208.71 | |
| 2013-09-30 | 6,832.53 | 457.39 | 1,208.71 | |
| 2013-06-30 | 6,486.48 | 276.21 | 1,208.71 | |
| 2013-03-31 | 6,216.71 | 213.08 | 1,211.03 | |
| 2012-12-31 | 6,037.39 | 214.34 | 988.80 | |
| 2012-09-30 | 5,849.46 | 229.39 | 988.80 | |
| 2012-06-30 | 5,669.00 | 320.96 | 988.80 | |
| 2012-03-31 | 5,387.07 | 345.88 | 990.52 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Tata Elxsi has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Tata Elxsi used its assets more efficiently than the IN Software industry average last year based on Return on Assets.
- Tata Elxsi's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Tata Elxsi's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Tata Elxsi has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Tata Elxsi's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Tata Elxsi's finances.
The net worth of a company is the difference between its assets and liabilities.
- Tata Elxsi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Tata Elxsi's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Tata Elxsi has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Tata Elxsi Company Filings, last reported 2 months ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 8,067.54 | 0.00 | 4,783.62 |
| 2018-09-30 | 8,067.54 | 0.00 | 4,783.62 |
| 2018-06-30 | 7,383.51 | 0.00 | 3,902.13 |
| 2018-03-31 | 7,383.51 | 0.00 | 3,902.13 |
| 2017-12-31 | 6,044.96 | 0.00 | 3,216.93 |
| 2017-09-30 | 6,044.96 | 0.00 | 3,216.93 |
| 2017-06-30 | 5,589.84 | 0.00 | 2,515.65 |
| 2017-03-31 | 5,576.69 | 0.00 | 2,479.26 |
| 2016-12-31 | 4,706.99 | 0.00 | 1,897.01 |
| 2016-09-30 | 4,706.99 | 0.00 | 1,897.01 |
| 2016-06-30 | 3,856.93 | 0.00 | 1,825.08 |
| 2016-03-31 | 3,856.93 | 0.00 | 1,825.08 |
| 2015-12-31 | 3,571.73 | 0.00 | 1,138.91 |
| 2015-09-30 | 3,571.73 | 0.00 | 1,138.91 |
| 2015-06-30 | 2,834.28 | 0.00 | 1,334.51 |
| 2015-03-31 | 2,834.28 | 0.00 | 1,334.51 |
| 2014-12-31 | 2,770.48 | 0.00 | 654.04 |
| 2014-09-30 | 2,770.48 | 0.00 | 654.04 |
| 2014-06-30 | 2,357.11 | 0.00 | 522.29 |
| 2014-03-31 | 2,357.11 | 0.00 | 522.21 |
| 2013-12-31 | 2,245.44 | 441.93 | 304.33 |
| 2013-09-30 | 2,245.44 | 441.93 | 304.33 |
| 2013-06-30 | 1,951.73 | 585.07 | 236.88 |
| 2013-03-31 | 1,951.73 | 585.07 | 236.88 |
| 2012-12-31 | 1,964.25 | 447.00 | 205.04 |
| 2012-09-30 | 1,964.25 | 447.00 | 205.04 |
| 2012-06-30 | 1,919.80 | 341.56 | 268.34 |
| 2012-03-31 | 1,919.80 | 341.56 | 268.34 |
- Tata Elxsi has no debt.
- Tata Elxsi has no debt compared to 5 years ago when it was 19.5%.
- Tata Elxsi has no debt, it does not need to be covered by operating cash flow.
- Tata Elxsi has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Tata Elxsi's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Tata Elxsi has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Tata Elxsi's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
₹2,000 of
Tata Elxsi
shares you are expected to receive
₹22
in your first year as a dividend.
Dividend Amount
- Tata Elxsi's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
- Tata Elxsi's dividend is below the markets top 25% of dividend payers in India (1.89%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| India Software Industry Average Dividend Yield | Market Cap Weighted Average of 18 Stocks | 2.7% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1399 Stocks | 1.3% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.5% |
| India Top 25% Dividend Yield | 75th Percentile | 1.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in ₹) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-03-31 | 18.00 | 1.00 |
| 2020-03-31 | 18.00 | 1.00 |
| 2019-03-31 | 12.50 | 1.00 |
| Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-07-03 | 11.000 | 1.017 |
| 2018-04-26 | 11.000 | 0.893 |
| 2017-07-03 | 8.000 | 0.863 |
| 2017-04-27 | 8.000 | 1.060 |
| 2016-06-30 | 7.000 | 0.965 |
| 2016-04-28 | 7.000 | 0.770 |
| 2015-07-24 | 5.500 | 0.579 |
| 2014-06-30 | 4.500 | 1.150 |
| 2014-04-22 | 4.500 | 1.671 |
| 2013-07-02 | 2.500 | 1.897 |
| 2013-04-22 | 2.500 | 2.653 |
| 2012-07-02 | 3.500 | 3.200 |
| 2012-05-07 | 3.500 | 3.354 |
| 2011-04-27 | 3.500 | 3.302 |
| 2010-04-30 | 3.500 | 2.631 |
| 2009-06-01 | 3.500 | 3.559 |
| 2009-03-23 | 3.500 | 6.674 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Tata Elxsi's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (4.2x coverage).
- Dividends after 3 years are expected to be well covered by earnings (3x coverage).
Income/ dividend checks
We assess Tata Elxsi's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Tata Elxsi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Tata Elxsi has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | ₹62,566,566 |
| AGE | 64 |
CEO Bio
Mr. Madhukar Dev, M.Sc., M.B.A.(IIM-B), has been the Managing Director of Tata Elxsi Limited since 2002 and serves its Chief Executive Officer. Mr. Dev has over 21 years of industry experience. He is expertise in Information Technology and General Management. He has been associated with Tata Elxsi Limited, for over 10 years in various roles. He has been instrumental in nurturing the growth of Tata Elxsi Limited economically, professionally and more importantly intellectually. Most recently, he served as Vice-President & Manager, managing the operations of Tata Elxsi Limited. Mr. Dev has been an Executive Director of Tata Elxsi Limited since January 16, 2002. Mr. Madhukar Dev joined Tata Elxsi Limited in 1991 as Regional Manager. He serves as a Director of Taco sasken ltd. Mr. Madhukar holds a Post-graduate degree, M.Sc, in Nuclear Physics from MS University of Baroda and is a Management Graduate (MBA) from The Indian Institute of Management, Bangalore (IIM-B).
CEO Compensation
- Madhukar's compensation has been consistent with company performance over the past year.
- Madhukar's remuneration is higher than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the Tata Elxsi management team in years:
- The average tenure for the Tata Elxsi management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Madhukar Dev
MD, CEO & Executive Director
₹63M
64
H. Muralidharan
Chief Financial Officer
₹5M
1.7 yrs
G. Vaidyanathan
Company Secretary & Compliance Officer
₹7M
Pai Nitin
Head of Marketing and Senior Vice President
₹3M
47
Philip Mammen
Vice President of Human Resources
₹3M
57
12.2 yrs
M. Thangarajan
Senior Vice President of Broadcast Business
₹5M
54
Anil Sondur
Executive Vice President
₹3M
56
Vasant Shah
Global Head of Business Finance
₹4M
53
7.2 yrs
Satyanarayan Prakash
Head of Telecom & Networking Business & VP
₹4M
54
Nick Talbot
Global Head of Design & Innovation
Board of Directors Tenure
Average tenure and age of the Tata Elxsi board of directors in years:
- The tenure for the Tata Elxsi board of directors is about average.
Board of Directors
NGS Subramaniam
Chairman
₹90K
59
4.3 yrs
Madhukar Dev
MD, CEO & Executive Director
₹63M
64
17.2 yrs
Patrick McGoldrick
Independent Non Executive Director
₹8M
69
26.2 yrs
Shyamala Gopinath
Independent Non Executive Director
₹10M
68
7.6 yrs
Sudhakar Rao
Additional Director
₹8M
70
2.6 yrs
Madaboosi Ananth
Additional Independent & Non Executive Director
₹5M
73
3.2 yrs
Ankur Verma
Additional Non Executive Non-Independent Director
0.6 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 18. Feb 19 | Sell | Tata Investment Corporation Limited | Company | 13. Feb 19 | 15. Feb 19 | -25,000 | ₹893.41 | ₹-22,214,029 | ||
Management checks
We assess Tata Elxsi's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Tata Elxsi has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Should You Be Tempted To Sell Tata Elxsi Limited (BOM:500408) At Its Current PE Ratio?
and want to better understand how you can grow your money by investing in Tata Elxsi Limited (BOM:500408). … Tata Elxsi Limited (BOM:500408) is currently trading at a trailing P/E of 32x, which is higher than the industry average of 21x. … While 500408 might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.
Simply Wall St - – Full articleCompany Info
Description
Tata Elxsi Limited provides product design and engineering, and systems integration and support services in India, the United States, Europe, and internationally. The company operates in two segments, Software Development & Services; and Systems Integration & Support. It offers technology consulting, new product design, development, and testing services for broadcast, consumer electronics, healthcare, telecom, and transportation industries; and electronics, software development, and system design services for automotive and aerospace industries. The company also provides animation and visual effects services in the areas of 3D stereoscopy, CG animation, visual effects, and gaming for television service and commercials, custom content development, logos and graphics, and films. In addition, it researches, develops, tests, and maintains broadcast, consumer electronics, and communications; and provides industrial design and innovation services in the areas of consumer insight, branding, industrial design, visual design and merchandising, design engineering, and manufacturing support. Further, the company offers design, branding, and mechanical detailing for devices, sensors, and gateways; device, sensor, gateway hardware, system, and application development services; communications integration and testing services; connectivity, device management, big data, network management, analysis and prediction model, and hosted services; and application service/workflow, and user experience and UI design services. Additionally, it implements and integrates systems and solutions for high-performance computing, computer aided design, broadcast, virtual reality, storage, and disaster recovery; and offers professional services for the maintenance and support of IT infrastructure. The company has a partnership with Ayla Networks to help communications service providers use IoT technologies. Tata Elxsi Limited was incorporated in 1989 and is headquartered in Bengaluru, India.
Details
| Name: | Tata Elxsi Limited |
| 500408 | |
| Exchange: | BSE |
| Founded: | 1989 |
| ₹61,310,531,100 | |
| 62,228,400 | |
| Website: | http://www.tataelxsi.com |
| Address: |
Tata Elxsi Limited ITPB Road, Whitefield, Bengaluru, Karnataka, 560048, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BSE | 500408 | Equity Shares | Mumbai Stock Exchange | IN | INR | 04. Feb 2000 | |
| NSEI | TATAELXSI | Equity Shares | National Stock Exchange of India | IN | INR | 04. Feb 2000 |
Number of employees
Current staff
Industry
| Systems Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 12:39 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/03/14 |
| Last earnings filing: | 2019/01/08 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
