Loading...

Tata Elxsi

NSEI:TATAELXSI
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TATAELXSI
NSEI
₹54B
Market Cap
  1. Home
  2. IN
  3. Software
Company description

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 26 days ago. More info.


Add to Portfolio Compare Print
TATAELXSI Share Price and Events
7 Day Returns
1.9%
NSEI:TATAELXSI
-0.7%
IN Software
-0.1%
IN Market
1 Year Returns
-26%
NSEI:TATAELXSI
-20.6%
IN Software
-3.7%
IN Market
TATAELXSI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tata Elxsi (TATAELXSI) 1.9% -9.9% 0.6% -26% -6.1% 238.8%
IN Software -0.7% -4.4% 2.2% -20.6% -3.6% 30.1%
IN Market -0.1% -5% 5.7% -3.7% 34.5% 38.6%
1 Year Return vs Industry and Market
  • TATAELXSI underperformed the Software industry which returned -20.6% over the past year.
  • TATAELXSI underperformed the Market in India which returned -3.7% over the past year.
Price Volatility
TATAELXSI
Industry
5yr Volatility vs Market

TATAELXSI 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tata Elxsi.

NSEI:TATAELXSI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17%
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.

Calculation of Discount Rate/ Cost of Equity for NSEI:TATAELXSI
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 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.149 (1 + (1- 35%) (0%))
1.1
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.1 * 8.6%)
17.01%

Discounted Cash Flow Calculation for NSEI:TATAELXSI 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.

NSEI:TATAELXSI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.01%)
2019 3,065.50 Analyst x2 2,619.88
2020 2,098.00 Analyst x1 1,532.38
2021 2,229.50 Analyst x2 1,391.71
2022 2,492.00 Analyst x1 1,329.44
2023 2,436.16 Est @ -2.24% 1,110.72
2024 2,453.13 Est @ 0.7% 955.87
2025 2,520.65 Est @ 2.75% 839.41
2026 2,626.31 Est @ 4.19% 747.46
2027 2,762.86 Est @ 5.2% 672.02
2028 2,925.99 Est @ 5.9% 608.24
Present value of next 10 years cash flows ₹11,807.12
NSEI:TATAELXSI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹2,925.99 × (1 + 7.55%) ÷ (17.01% – 7.55%)
₹33,268.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹33,268.28 ÷ (1 + 17.01%)10
₹6,915.63
NSEI:TATAELXSI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹11,807.12 + ₹6,915.63
₹18,722.75
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹18,722.75 / 62.23
₹300.87
NSEI:TATAELXSI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:TATAELXSI represents 0.99988x of BSE:500408
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99988x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 300.87 x 0.99988
₹300.83
Value per share (INR) From above. ₹300.83
Current discount Discount to share price of ₹861.40
= -1 x (₹861.40 - ₹300.83) / ₹300.83
-186.3%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NSEI:TATAELXSI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹46.56
BSE:500408 Share Price ** BSE (2019-05-20) in INR ₹861.5
India Software Industry PE Ratio Median Figure of 46 Publicly-Listed Software Companies 15.01x
India Market PE Ratio Median Figure of 2,759 Publicly-Listed Companies 15.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tata Elxsi.

NSEI:TATAELXSI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500408 Share Price ÷ EPS (both in INR)

= 861.5 ÷ 46.56

18.5x

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?
Raw Data
NSEI:TATAELXSI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
9.1%per year
India Software Industry PEG Ratio Median Figure of 10 Publicly-Listed Software Companies 1.02x
India Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.25x

*Line of best fit is calculated by linear regression .

NSEI:TATAELXSI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.5x ÷ 9.1%

2.03x

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?
Raw Data
NSEI:TATAELXSI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹151.41
BSE:500408 Share Price * BSE (2019-05-20) in INR ₹861.5
India Software Industry PB Ratio Median Figure of 65 Publicly-Listed Software Companies 1.17x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.02x
NSEI:TATAELXSI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500408 Share Price ÷ Book Value per Share (both in INR)

= 861.5 ÷ 151.41

5.69x

* 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.
X
Value checks
We assess Tata Elxsi's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. 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.

TATAELXSI Future Performance

 How is Tata Elxsi expected to perform in the next 1 to 3 years based on estimates from 4 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!
Annual Growth Rate
9.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tata Elxsi expected to grow at an attractive rate?
  • 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
Raw Data
NSEI:TATAELXSI Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:TATAELXSI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 9.1%
NSEI:TATAELXSI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 10.5%
India Software Industry Earnings Growth Rate Market Cap Weighted Average 11.9%
India Software Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*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
Raw Data
NSEI:TATAELXSI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:TATAELXSI Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 21,396 2,742 3,676 1
2021-03-31 20,324 3,039 3,556 4
2020-03-31 18,056 2,683 3,124 4
NSEI:TATAELXSI Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 15,969 2,900
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tata Elxsi's earnings are expected to grow by 9.1% yearly, however this is not considered high growth (20% yearly).
  • Tata Elxsi's revenue is expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:TATAELXSI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Tata Elxsi Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TATAELXSI Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 59.00 59.00 59.00 1.00
2021-03-31 57.02 59.55 52.10 4.00
2020-03-31 50.28 53.83 46.10 4.00
NSEI:TATAELXSI Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 46.56
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

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tata Elxsi is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Tata Elxsi's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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.

TATAELXSI 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
Below we compare Tata Elxsi's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tata Elxsi has delivered over 20% year on year earnings growth in the past 5 years.
  • Tata Elxsi's 1-year earnings growth is less than its 5-year average (20.8% vs 25.6%)
  • Tata Elxsi's earnings growth has not exceeded the IN Software industry average in the past year (20.8% vs 21.7%).
Earnings and Revenue History
Tata Elxsi's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tata Elxsi Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TATAELXSI Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 15,969.32 2,899.69
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

*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).
X
Past performance checks
We assess Tata Elxsi's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tata Elxsi has a total score of 3/6, 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.

TATAELXSI 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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Tata Elxsi's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Tata Elxsi Company Filings, last reported 1 month ago.

NSEI:TATAELXSI Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 9,427.53 0.00 5,797.86
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
  • Tata Elxsi has no debt.
  • Tata Elxsi had no debt 5 years ago.
  • 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.
X
Financial health checks
We assess Tata Elxsi's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tata Elxsi has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

TATAELXSI 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
Dividend payments
1.57%
Current annual income from Tata Elxsi dividends. Estimated to be 2.09% next year.
If you bought ₹2,000 of Tata Elxsi shares you are expected to receive ₹31 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tata Elxsi's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.55%).
  • Tata Elxsi's dividend is below the markets top 25% of dividend payers in India (2.09%).
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.
Raw Data
NSEI:TATAELXSI Annualized Past and Future Dividends
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 4 Analyst Estimates (S&P Global) See Below
India Software Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 1.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:TATAELXSI Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31 18.00 1.00
2020-03-31 18.00 1.00
NSEI:TATAELXSI Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-04-24 13.500 1.542
2018-07-03 11.000 1.031
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

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 (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess Tata Elxsi's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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.

TATAELXSI Management

 What is the CEO of Tata Elxsi's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Madhukar Dev
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, both up more than 20%.
  • 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:

7.3
Average Tenure
54
Average Age
  • 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

TITLE
MD, CEO & Executive Director
COMPENSATION
₹63M
AGE
64

H. Muralidharan

TITLE
Chief Financial Officer
COMPENSATION
₹5M
TENURE
1.8 yrs

G. Vaidyanathan

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹7M

Pai Nitin

TITLE
Head of Marketing and Senior Vice President
COMPENSATION
₹3M
AGE
47

Philip Mammen

TITLE
Vice President of Human Resources
COMPENSATION
₹3M
AGE
57
TENURE
12.3 yrs

M. Thangarajan

TITLE
Senior Vice President of Broadcast Business
COMPENSATION
₹5M
AGE
54

Anil Sondur

TITLE
Executive Vice President
COMPENSATION
₹3M
AGE
56

Vasant Shah

TITLE
Global Head of Business Finance
COMPENSATION
₹4M
AGE
53
TENURE
7.3 yrs

Satyanarayan Prakash

TITLE
Head of Telecom & Networking Business & VP
COMPENSATION
₹4M
AGE
54

Nick Talbot

TITLE
Global Head of Design & Innovation
Board of Directors Tenure

Average tenure and age of the Tata Elxsi board of directors in years:

4.5
Average Tenure
68.5
Average Age
  • The tenure for the Tata Elxsi board of directors is about average.
Board of Directors

NGS Subramaniam

TITLE
Chairman
COMPENSATION
₹90K
AGE
59
TENURE
4.5 yrs

Madhukar Dev

TITLE
MD, CEO & Executive Director
COMPENSATION
₹63M
AGE
64
TENURE
17.3 yrs

Patrick McGoldrick

TITLE
Independent Non Executive Director
COMPENSATION
₹8M
AGE
69
TENURE
26.3 yrs

Shyamala Gopinath

TITLE
Independent Non Executive Director
COMPENSATION
₹10M
AGE
68
TENURE
7.8 yrs

Sudhakar Rao

TITLE
Additional Director
COMPENSATION
₹8M
AGE
70
TENURE
2.8 yrs

Madaboosi Ananth

TITLE
Additional Independent & Non Executive Director
COMPENSATION
₹5M
AGE
73
TENURE
3.3 yrs

Ankur Verma

TITLE
Additional Non Executive Non-Independent Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
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
X
Management checks
We assess Tata Elxsi's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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.

TATAELXSI News

Simply Wall St News

Why You Should Like Tata Elxsi Limited’s (NSE:TATAELXSI) ROCE

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Tata Elxsi: 0.41 = ₹3.9b ÷ (₹11b - ₹1.9b) (Based on the trailing twelve months to March 2019.) So, Tata Elxsi has an ROCE of 41%. … How Tata Elxsi's Current Liabilities Impact Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … The Bottom Line On Tata Elxsi's ROCE Low current liabilities and high ROCE is a good combination, making Tata Elxsi look quite interesting.

Simply Wall St -

Don't Sell Tata Elxsi Limited (NSE:TATAELXSI) Before You Read This

We'll apply a basic P/E ratio analysis to Tata Elxsi Limited's (NSE:TATAELXSI), to help you decide if the stock is worth further research. … How Do I Calculate Tata Elxsi's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Tata Elxsi Limited's (NSE:TATAELXSI) CEO Paid At A Competitive Rate?

How Does Madhukar Dev's Compensation Compare With Similar Sized Companies. … According to our data, Tata Elxsi Limited has a market capitalization of ₹61b, and pays its CEO total annual compensation worth ₹63m. … We think total compensation is more important but we note that the CEO salary is lower, at ₹11m.

Simply Wall St -

Should You Be Excited About Tata Elxsi Limited's (NSE:TATAELXSI) 36% Return On Equity?

To keep the lesson grounded in practicality, we'll use ROE to better understand Tata Elxsi Limited (NSE:TATAELXSI). … Over the last twelve months Tata Elxsi has recorded a ROE of 36%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Does Tata Elxsi Limited's (NSE:TATAELXSI) Earnings Growth Stack Up Against Industry Performance?

Examining Tata Elxsi Limited's (NSE:TATAELXSI) past track record of performance is a useful exercise for investors. … Below, I will assess TATAELXSI's latest performance announced on 31 December 2018 and weight these figures against its longer term trend and industry movements. … See our latest analysis for Tata Elxsi?

Simply Wall St -

Tata Elxsi Shareholders Have Enjoyed An Impressive 212% Share Price Gain

While Tata Elxsi Limited (NSE:TATAELXSI) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 11% in the last quarter. … During five years of share price growth, Tata Elxsi achieved compound earnings per share (EPS) growth of 38% per year. … This EPS growth is higher than the 26% average annual increase in the share price.

Simply Wall St -

Is Tata Elxsi Limited (NSE:TATAELXSI) Potentially Underrated?

Want to participate in a short research study? … Help shape the future of investing tools and receive a $20 prize! … In the case of Tata Elxsi Limited (NSE:TATAELXSI), there's

Simply Wall St -

Do Directors Own Tata Elxsi Limited (NSE:TATAELXSI) Shares?

A look at the shareholders of Tata Elxsi Limited (NSE:TATAELXSI) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned.

Simply Wall St -

Why You Should Like Tata Elxsi Limited’s (NSE:TATAELXSI) ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is Tata Elxsi Limited (NSE:TATAELXSI) A High Quality Stock To Own?

Our data shows Tata Elxsi has a return on equity of 35% for the last year. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.35 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

TATAELXSI Company 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
TATAELXSI
Exchange: NSEI
Founded: 1989
₹53,740,532,600
62,228,500
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
Staff numbers
5,287
Tata Elxsi employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 12:49
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/04/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.