New Risk • Apr 28
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 212% Dividend yield: 1.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Apr 23
Tata Elxsi Limited Recommends Final Dividend for the Financial Year Ending March 31, 2026 The Board of Directors of Tata Elxsi Limited has recommended a final dividend of 750% (INR 75 per equity share of par value of INR 10 each) for the financial year ending 31st March 2026, subject to approval by the shareholders of the company at the upcoming Annual General Meeting. Reported Earnings • Apr 23
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: ₹101 (down from ₹126 in FY 2025). Revenue: ₹39.4b (up 4.8% from FY 2025). Net income: ₹6.28b (down 20% from FY 2025). Profit margin: 16% (down from 21% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Apr 14
Tata Elxsi Limited to Report Q4, 2026 Results on Apr 21, 2026 Tata Elxsi Limited announced that they will report Q4, 2026 results on Apr 21, 2026 Price Target Changed • Apr 08
Price target decreased by 8.6% to ₹4,416 Down from ₹4,833, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of ₹4,434. Stock is down 6.8% over the past year. The company is forecast to post earnings per share of ₹99.52 for next year compared to ₹126 last year. Announcement • Mar 06
Tata Elxsi Launches Devstudio.Ai, A Multi-Agent, Aspice-Aligned Genai Platform Tata Elxsi, a global leader in design and technology services, announced the launch of DevStudio.ai, an automotive multi-agentic solution purpose-built to accelerate the automotive software development lifecycle (SDLC) for OEMs, system suppliers, and semiconductor companies. DevStudio.ai is an ASPICE-aligned solution powered by multi-agentic architectures, enabling collaboration between automotive engineers and AI across engineering workflows. A key architectural highlight is its ability to operate on both cloud-based infrastructure and air-gapped on-premise environments, delivering deployment flexibility and choice aligned with enterprise infrastructure and AI policies. While several generative AI tools are emerging to support software development, most are designed for broad-based application development. DevStudio.ai is purpose-built for the automotive SDLC, combining Tata Elxsi's deep domain expertise with generative AI to address the complexity, safety, and compliance requirements of automotive software engineering. The platform supports all key stages of the ASPICE V-cycle, including system and software requirements, architecture, implementation, testing, and qualification, while maintaining end-to-end traceability across the engineering lifecycle. It also integrates seamlessly with widely used OEM and Tier-1 engineering toolchains, enabling teams to embed DevStudio.ai co-engineers directly into existing development environments. DevStudio.ai is now in select programs of global OEMs and Tier-1 suppliers in North America, Japan, and India, across body, chassis, infotainment, and SDV architectures, with early deployments demonstrating clear speed-to-market and productivity gains. Reported Earnings • Jan 14
Third quarter 2026 earnings: EPS misses analyst expectations Third quarter 2026 results: EPS: ₹17.48 (down from ₹31.95 in 3Q 2025). Revenue: ₹9.53b (up 1.5% from 3Q 2025). Net income: ₹1.09b (down 45% from 3Q 2025). Profit margin: 11% (down from 21% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Announcement • Jan 06
Tata Elxsi Limited to Report Q3, 2026 Results on Jan 13, 2026 Tata Elxsi Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Jan 13, 2026 Reported Earnings • Oct 10
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: EPS: ₹24.85 (down from ₹36.84 in 2Q 2025). Revenue: ₹9.18b (down 3.9% from 2Q 2025). Net income: ₹1.55b (down 33% from 2Q 2025). Profit margin: 17% (down from 24% in 2Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Tata Elxsi Limited to Report Q2, 2026 Results on Oct 09, 2025 Tata Elxsi Limited announced that they will report Q2, 2026 results on Oct 09, 2025 Reported Earnings • Jul 11
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: ₹23.18 (down from ₹29.56 in 1Q 2025). Revenue: ₹8.92b (down 3.7% from 1Q 2025). Net income: ₹1.44b (down 22% from 1Q 2025). Profit margin: 16% (down from 20% in 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.4%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Tata Elxsi Limited to Report Q1, 2026 Results on Jul 10, 2025 Tata Elxsi Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Jul 10, 2025 Announcement • Jun 26
Tata Elxsi Limited Declares Dividend for the Financial Year 2024-25 Tata Elxsi Limited at its AGM held on June 25, 2025, approved declaration of Dividend of INR 75 per equity share for the financial year 2024-25. Announcement • Jun 21
Tata Elxsi Limited Announces Company Secretary and Compliance Officer Changes Tata Elxsi Limited announced that at the board meeting held on June 18, 2025, approved the resignation of Ms. Cauveri Sriram from the position of Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company. Her resignation will be effective from the close of business hours on July 04, 2025, as she has decided to pursue career opportunities outside the organization. Further, pursuant to the recommendation of the NRC, the Board has approved the appointment of Ms. Sneha V (ACS 51279) as the Company Secretary and Compliance Officer effective July 07, 2025, succeeding Ms. Cauveri Sriram. She will serve as a Key Managerial Personnel of the Company in accordance with the provisions of the Companies Act, 2013. Sneha V is a qualified Company Secretary and Law Graduate with over eight years of experience in corporate governance, regulatory compliance, and strategic legal advisory. Sneha has played a pivotal role in corporate initiatives including IPOs, preferential allotments, mergers, acquisitions, and secretarial compliances at Tejas Networks Limited. Upcoming Dividend • Jun 04
Upcoming dividend of ₹75.00 per share Eligible shareholders must have bought the stock before 11 June 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (1.6%). Reported Earnings • May 30
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹126 (down from ₹127 in FY 2024). Revenue: ₹37.6b (up 5.5% from FY 2024). Net income: ₹7.85b (flat on FY 2024). Profit margin: 21% (down from 22% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 15
Tata Elxsi Limited, Annual General Meeting, Jun 25, 2025 Tata Elxsi Limited, Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹5,918, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 29x in the Software industry in India. Total loss to shareholders of 23% over the past three years. Reported Earnings • Apr 18
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹126 (down from ₹127 in FY 2024). Revenue: ₹37.3b (up 4.6% from FY 2024). Net income: ₹7.85b (flat on FY 2024). Profit margin: 21% (down from 22% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Apr 17
Tata Elxsi Limited Recommends Dividend for the Year 2024-25 Tata Elxsi Limited Directors have recommended a dividend of INR 75/- per equity share of 10 each, for the financial year 2024-25, subject to tax, which shall be paid on or after the seventh day from the conclusion of the 36th Annual General Meeting, subject to the approval of the shareholders of the Company. Announcement • Apr 08
Tata Elxsi Limited to Report Q4, 2025 Results on Apr 17, 2025 Tata Elxsi Limited announced that they will report Q4, 2025 results on Apr 17, 2025 Price Target Changed • Mar 07
Price target decreased by 8.3% to ₹6,185 Down from ₹6,745, the current price target is an average from 12 analysts. New target price is 10.0% above last closing price of ₹5,624. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₹132 for next year compared to ₹127 last year. Announcement • Jan 21
Tata Elxsi and Minespider Partner to Launch MOBIUS+ for Battery Lifecycle Traceability Tata Elxsi has joined forces with Minespider to launch MOBIUS+, an advanced battery lifecycle management platform. Designed to address the growing need for sustainability, compliance, and performance optimization in the battery industry, MOBIUS+ aims to revolutionize the way batteries are managed from production to recycling. This platform integrates advanced data analytics, real-time monitoring, and compliance features to deliver actionable insights for OEMs and the entire battery ecosystem, including material suppliers, cell and module manufacturers, and recyclers. These capabilities enable better performance tracking, maintenance, and sustainability management, making MOBIUS+ a cutting-edge solution in the mobility ecosystem. Tata Elxsi leads the development and delivery of the MOBIUS+ platform as a future-proof and scalable solution for global markets and takes the lead for deployment in the India market. Key Features and Benefits: Data Onboarding and Integration: A seamless interface for vendors to upload and manage their data, ensuring compliance and accuracy across the supply chain. Centralized Repository: A secure, cloud-based system that consolidates data for easy access and analysis by OEMs and stakeholders. Advanced Analytics Support: Enable valuable insights through powerful analytics features of MOBIUS+, helping companies monitor battery performance, enhance design, and optimize lifecycle management. Regulatory Compliance: Designed to meet global standards, including the EU Battery Regulation, MOBIUS+ ensures companies stay ahead of compliance requirements. API Integration: The platform supports integration with third-party systems, enabling effortless data exchange across the ecosystem. Custom Workflows: OEM's and Tier1 can create tailored workflows using the MOBIUS+ platform, leveraging battery data to build vertical analytics use cases, thereby maximizing Return on Investment (ROI). MOBIUS+ will have its global launch at the Bharat Mobility Show, where Tata Elxsi and Minespider will showcase live demonstrations of the platform's capabilities, including its analytics use cases and compliance features. The event will highlight the readiness of MOBIUS+ for deployment in the Indian market, as well as its global scalability.Tata Elxsi and Minespider are committed to continuously evolving MOBIUS+ to meet future regulatory and market demands. The platform's innovative architecture ensures scalability and adaptability, opening possibilities for expansion into non-mobility sectors like logistics and energy. Reported Earnings • Jan 10
Third quarter 2025 earnings: EPS in line with expectations, revenues disappoint Third quarter 2025 results: EPS: ₹31.95 (down from ₹33.15 in 3Q 2024). Revenue: ₹9.39b (up 2.7% from 3Q 2024). Net income: ₹1.99b (down 3.6% from 3Q 2024). Profit margin: 21% (down from 23% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Dec 30
Tata Elxsi Limited to Report Q3, 2025 Results on Jan 09, 2025 Tata Elxsi Limited announced that they will report Q3, 2025 results on Jan 09, 2025 Announcement • Oct 16
Tata Elxsi Launches Coalesce Tata Elxsi announced the launch of Coalesce powered by the Snapdragon SpacesTM XR Platform (Snapdragon Spaces XR Developer Platform | Snapdragon Spaces (qualcomm.com) from Qualcomm Technologies Inc. Coalesce is an XR-based immersive collaboration solution that brings together spatial computing, digital twins and simulations. It facilitates reviews of product models and supports collaboration features for sharing text/audio comments, notes, and screen recordings with globally dispersed teams, including a 360-degree review for immersive interaction. The Snapdragon Spaces XR platform is paving the way to a new frontier of spatial computing. The platform is empowering the creation of immersive experiences for XR devices that enable a multitude of enterprise use cases, for transformative spatial computing experiences. Tata Elxsi's Coalesce is a device-agnostic and web-based XR solution on the Snapdragon Spaces platform. This solution uses a wide range of built-in tools, enables effortless navigation through intuitive controls and gestures and integrates advanced features for functional customisation. With cloud-integrated CMS and Gen AI integration, Coalesce delivers value to industries such as Automotive, Manufacturing, Rail, and High-Tech, blending domain expertise with digital innovation. Unlike most XR platforms, Coalesce supports seamless, interactive design reviews with any VR device, using a custom UI. The platform is designed primarily for product design reviews like CAD but can also be used for training purposes across various sectors. For instance, Coalesce allows virtual walkthroughs of manufacturing processes for stakeholder collaboration and accelerates automotive design reviews, reducing the need for physical prototypes. Reported Earnings • Oct 11
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: ₹36.84 (up from ₹32.12 in 2Q 2024). Revenue: ₹9.55b (up 8.3% from 2Q 2024). Net income: ₹2.29b (up 15% from 2Q 2024). Profit margin: 24% (up from 23% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Oct 01
Tata Elxsi Limited to Report Q2, 2025 Results on Oct 10, 2024 Tata Elxsi Limited announced that they will report Q2, 2025 results on Oct 10, 2024 Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹8,971, the stock trades at a forward P/E ratio of 63x. Average forward P/E is 35x in the Software industry in India. Total returns to shareholders of 92% over the past three years. Announcement • Jul 11
Tata Elxsi Limited Approves Dividend for Fiscal Year 2023-24 Tata Elxsi Limited at its AGM held on July 10, 2024, approved a dividend of INR 70 per Equity Share of face value INR 10 each for fiscal year 2023-24. Announcement • Jul 04
Tata Elxsi Limited to Report Q1, 2025 Results on Jul 10, 2024 Tata Elxsi Limited announced that they will report Q1, 2025 results on Jul 10, 2024 Reported Earnings • Jun 17
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹127 (up from ₹121 in FY 2023). Revenue: ₹35.6b (up 13% from FY 2023). Net income: ₹7.92b (up 4.9% from FY 2023). Profit margin: 22% (down from 24% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 26% per year. Declared Dividend • Jun 13
Dividend increased to ₹70.00 Dividend of ₹70.00 is 16% higher than last year. Ex-date: 25th June 2024 Payment date: 9th August 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 40% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 13
Tata Elxsi Limited, Annual General Meeting, Jul 10, 2024 Tata Elxsi Limited, Annual General Meeting, Jul 10, 2024, at 11:00 Indian Standard Time. Price Target Changed • May 10
Price target decreased by 7.1% to ₹6,666 Down from ₹7,177, the current price target is an average from 9 analysts. New target price is 6.5% below last closing price of ₹7,127. Stock is up 0.7% over the past year. The company is forecast to post earnings per share of ₹129 for next year compared to ₹121 last year. Announcement • Apr 24
Tata Elxsi Limited Recommends Final Dividend for the Financial Year Ending 31St March 2024 Tata Elxsi Limited announced that the Board of Directors have recommended a final dividend of 700% (INR 70 per equity share of par value of INR 10 each) for the financial year ending 31st March 2024, subject to approval by the shareholders of the company at the Annual General Meeting. Announcement • Apr 09
Tata Elxsi Limited to Report Q4, 2024 Results on Apr 23, 2024 Tata Elxsi Limited announced that they will report Q4, 2024 results on Apr 23, 2024 Reported Earnings • Jan 24
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: ₹33.15 (up from ₹31.26 in 3Q 2023). Revenue: ₹9.14b (up 12% from 3Q 2023). Net income: ₹2.06b (up 6.0% from 3Q 2023). Profit margin: 23% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 12
Tata Elxsi Limited to Report Q3, 2024 Results on Jan 23, 2024 Tata Elxsi Limited announced that they will report Q3, 2024 results on Jan 23, 2024 Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Anurag Kumar was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 28
Tata Elxsi's Neuron Autonomous Network Platform Paves the Way for the World's Largest Telecom Operators to Progress Towards Zero Touch Automation Tata Elxsi is revolutionizing the telecommunications industry with its Neuron Autonomous Network Platform. This solution powers the deployment and operation of the world's largest and most advanced 4G/5G and fixed networks, empowering operators to build business intent-driven networks. The NEURON platform, comprising NEURON Telco Cloud and NEURON Dark NOC, extends DevOps principles and the power of AI/ML to construct autonomous cloud-native networks for operators. NEURON Telco Cloud streamlines the lifecycle management of network elements, while NEURON Dark NOC automates network operations. The NEURON Autonomous Network Platform has been successfully deployed globally in multiple data centers, 10000+ VNFs /CNFs serving millions of subscribers. NEURON seamlessly integrates with existing IT systems, legacy systems, and Operational Support Systems/Business Support Systems (OSS/BSS) while creating secure domain-isolated networks. This multi-domain, multi-cloud transformed network is open, easy to manage, and significantly lowers operational expenditures (OPEX). These deployments have been tailor-made to address each customer's unique needs, pain points, and infrastructure requirements, ensuring optimal performance and efficiency across network architecture and brownfield systems. Tata Elxsi takes end-to-end program ownership, from commissioning to rollout, delivering a comprehensive solution to operators. Reported Earnings • Oct 18
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: ₹32.12 (up from ₹27.98 in 2Q 2023). Revenue: ₹9.13b (up 20% from 2Q 2023). Net income: ₹2.00b (up 15% from 2Q 2023). Profit margin: 22% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 07
Tata Elxsi Limited to Report Q2, 2024 Results on Oct 17, 2023 Tata Elxsi Limited announced that they will report Q2, 2024 results on Oct 17, 2023 Reported Earnings • Jul 18
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: ₹30.32 (up from ₹29.66 in 1Q 2023). Revenue: ₹8.50b (up 17% from 1Q 2023). Net income: ₹1.89b (up 2.2% from 1Q 2023). Profit margin: 22% (down from 25% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 3.3%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 10
Tata Elxsi Limited to Report Q1, 2024 Results on Jul 17, 2023 Tata Elxsi Limited announced that they will report Q1, 2024 results on Jul 17, 2023 Upcoming Dividend • Jun 15
Upcoming dividend of ₹60.60 per share at 0.8% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 03 August 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.7%). Announcement • Jun 06
Tata Elxsi Limited, Annual General Meeting, Jul 04, 2023 Tata Elxsi Limited, Annual General Meeting, Jul 04, 2023, at 14:30 Indian Standard Time. Announcement • May 19
Tata Elxsi Limited Has Recommends Final Dividend Board of Directors of Tata Elxsi Limited has recommended a final dividend of 606% at INR 60.60 per share for the financial year 2022-23, subject to tax, which shall be paid/dispatched on or after the seventh day from the conclusion of the 34th Annual General Meeting, subject to the approval of the shareholders of the Company. Reported Earnings • May 19
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ₹121 (up from ₹88.26 in FY 2022). Revenue: ₹32.2b (up 30% from FY 2022). Net income: ₹7.55b (up 37% from FY 2022). Profit margin: 24% (up from 22% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 11
Tata Elxsi Limited to Report Q4, 2023 Results on May 18, 2023 Tata Elxsi Limited announced that they will report Q4, 2023 results on May 18, 2023 Price Target Changed • Feb 14
Price target decreased by 8.0% to ₹5,937 Down from ₹6,451, the current price target is an average from 7 analysts. New target price is 10.0% below last closing price of ₹6,597. Stock is down 7.2% over the past year. The company is forecast to post earnings per share of ₹118 for next year compared to ₹88.26 last year. Reported Earnings • Jan 26
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: ₹31.26 (up from ₹24.24 in 3Q 2022). Revenue: ₹8.37b (up 32% from 3Q 2022). Net income: ₹1.95b (up 29% from 3Q 2022). Profit margin: 23% (in line with 3Q 2022). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 16
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: ₹27.98 (up from ₹20.13 in 2Q 2022). Revenue: ₹7.63b (up 28% from 2Q 2022). Net income: ₹1.74b (up 39% from 2Q 2022). Profit margin: 23% (up from 21% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 5.0%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 129% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 15
First quarter 2023 earnings released: EPS: ₹29.66 (vs ₹18.21 in 1Q 2022) First quarter 2023 results: EPS: ₹29.66 (up from ₹18.21 in 1Q 2022). Revenue: ₹7.26b (up 30% from 1Q 2022). Net income: ₹1.85b (up 63% from 1Q 2022). Profit margin: 25% (up from 20% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 23% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 126% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 09
Price target increased to ₹6,525 Up from ₹5,968, the current price target is provided by 1 analyst. New target price is 25% below last closing price of ₹8,694. Stock is up 129% over the past year. The company is forecast to post earnings per share of ₹107 for next year compared to ₹88.26 last year. Upcoming Dividend • Jun 08
Upcoming dividend of ₹42.50 per share Eligible shareholders must have bought the stock before 15 June 2022. Payment date: 23 July 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (1.6%). 
