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Tata Technologies Ltd share Price Today

Company details

1,039.15
1,049.50
982.25
1,400.00
6M Return -16.70%
1Y Return -20.67%
Mkt Cap.(Cr) 42,252.45
Volume 99,364
Div Yield 0.96%
OI
-
OI Chg %
-
Volume 99,364

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IT Software products company Tata Technologies announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total operating revenue up 0.9% QoQ to Rs 13,010 million.
  • In USD terms, total operating revenues were up 1.2% QoQ to USD 156.6 million. Services segment revenues came in at USD 120.2 million.
  • Operating EBITDA at Rs 2,400 million; EBITDA margin at 18.4% vs. 18.3% QoQ (adj.) and 17.3% YoY
  • Net income at Rs 1,572 million; Net margin at 12.1%.
  • 90 bps sequential improvement in [LTM] attrition to 14.5%.

FY24 Financial Highlights:

  • Total operating revenue up 15.9% YoY to Rs 51,172 million.
  • Operating EBITDA up 15% YoY to Rs 9,413 million.
  • In the last 3 years, revenue from operations has grown at 29% CAGR while Operating EBITDA grew at a 35% CAGR.
  • Profit before tax (PBT) was up 17.1% YoY to Rs 9,321 million.
  • We closed a total of 12 large deals in FY24, which included one USD 50 million plus deal and five deals in the USD 15 to USD 25 million range.
  • Our customer pyramid has continued to improve, with 2 customers added in the USD 10-50 million category, 2 in the USD 5-10 million category, and 3 in the USD 1-5 million category.
  • The board recommended a final dividend of Rs 8.40 per equity share, and a special dividend of Rs 1.65 per equity share, subject to shareholder approval at the AGM.

Warren Harris, Chief Executive Officer and Managing Director, said: “I am delighted with the way our business performed in FY24 with revenue growth of 15.9% and a 15% growth in operating EBITDA. In the last 3 years, our revenue from operations has grown at 29% CAGR while Operating EBITDA grew at a 35% CAGR. We closed a total of 12 large deals in FY24 which included one USD 50 million plus deal, and five deals in the USD 15 to USD 25 million range. Our large deal pipeline remains healthy and continues to grow. We are currently engaged in a number of large deal discussions with existing and new customers and anticipate an uptick in deal conversions in the current quarter. We continue to lead our industry in Gen AI and Software Defined Devices (SDx) services – as evidenced by the endorsement that we have received from BMW. I am incredibly grateful to the almost 13,000 people of Tata Technologies, who remain committed to helping our customers engineer a better world.”

Savitha Balachandran, Chief Financial Officer, said: “We will continue to follow a balanced approach of exercising operational discipline while strategically investing in capacity and capabilities to seize the opportunity presented by the industry’s structural transformation. Ending the year with a robust EBITDA margin of 18.4% and strong liquidity underscores our focus on efficiency and prudent management of resources. Overall, I am pleased with our execution in FY24 and, also with having delivered over 18% margins consistently over the last three consecutive years, in-line with our stated aspiration. We are excited about our prospects in FY25 and remain committed towards creating long-term shareholder value.”

Result PDF

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Tata Technologies Ltd shares SWOT Analysis

Strengths (7)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (4)

  • Negative Breakdown First Support (LTP < S1)
  • MFs decreased their shareholding last quarter
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Opportunity (1)

  • Street Favorite: High Analyst Rating with at least 20% upside

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 1,059.2
R2 1,069.4
R3 1,075.7
Pivot

1,052.85

S1 1,042.7
S2 1,036.4
S3 1,026.2
EMA SMA
1,051.2
1,060.5
1,090.2
-
1,052.0
1,062.6
1,078.5
-
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NK SECURITIES RESEARCH PRIVATE LIMITED Bulk Purchase 2023-11-30 1338.17 4399322 NSE
NK SECURITIES RESEARCH PRIVATE LIMITED Bulk Sell 2023-11-30 1340.57 4399322 NSE
Name Category Shares
Tata Motors Limited PROMOTER 53.39%
Tata Motors Finance Limited PROMOTER 2%

FINANCIALS

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Profit after Tax
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Tata Technologies Ltd Stocks COMPARISON

Financials( in Cr) Tata Technologies Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 1,041.55 3,855.60 1,488.20 1,432.15 479.45
% Change -0.71 -0.58 -0.38 -0.83 -0.65
Mcap Cr 42,252.45 1,394,990.01 617,732.03 388,637.53 250,519.24
Revenue TTM Cr 5,117.20 240,893.00 153,670.00 101,456.00 90,487.60
Net Profit TTM Cr 679.37 46,099.00 26,248.00 14,845.00 11,366.50
PE TTM 62.63 30.10 23.84 24.96 22.84
1 Year Return -20.67 18.86 14.05 26.59 21.21
ROCE 28.07 62.85 44.74 27.62 17.11
ROE 21.88 51.04 37.12 23.32 15.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,864.00 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,930.46 -6,140.05
LAST 3M 112,173.55 -45,499.40
LAST 6M 183,830.47 -16,034.02
LAST 12M 290,122.07 99,526.79
Tata Technologies Limited - Press Release

Jun 11, 2024 l NSE Announcement

Tata Technologies deploys SAP S/4 HANA for Mitsubishi Electric India

Jun 11, 2024 l BSE Announcement

Date Action Type Ratio
Jun 13, 2024 Dividend 420
Jun 13, 2024 Dividend 82.5

Tata Technologies Ltd Information

Stock PE (TTM)
62.63
Promoter Holding
55.39%
Book Value
70.5996
ROCE
28.07%
ROE
21.88%
Description
  • Tata Technologies Ltd was incorporated as `Core Software Systems Private Limited` at New Delhi, as a Private Limited Company pursuant to a Certificate of Incorporation dated August 22, 1994 issued by the Registrar of Companies, NCT of Delhi and Haryana. The Company got converted into a Public Limited Company and the name of Company was changed to `Tata Technologies (India) Limited`. A fresh Certificate of Incorporation was issued by the Registrar of Companies, NCT of Delhi and Haryana on November 15, 1996. The name of Company was further changed to `Tata Technologies Limited` and a fresh Certificate of Incorporation dated February 8, 2001, was issued by the RoC. Tata Technologies Ltd, a subsidiary of Tata Motors Ltd is a global leader in Engineering Services Outsourcing, Product Development IT services, and Product Lifecycle Management. The company provides engineering services outsourcing, product development information technology, and product lifecycle management services for automotive and aerospace manufacturers. The company offers GET IT, a Web-based engineering knowledge management software for engineers; and CHECK IT, a data validation software for design process to automate compliance. The company`s range of services includes IT Consultancy, SAP implementation and maintenance, providing networking solutions, CAD/CAM engineering & design consultancy. The company is headquartered in Pune, India. They have seven branches located at Mumbai, Lucknow, Jamshedpur, Bangalore, Pondicherry, Chennai and South Korea that enables them to provide high quality, cost-effective services to clients in India and abroad. As on March 31, 2009 the company has twelve subsidiary companies. In December 2000, the company acquired Tata Technologies, USA, making it a subsidiary company. Also, the company through their subsidiary, Tata Technologies, USA acquired 100% equity stake in INCAT International Plc, a UK-based company. During the year 2005-06, the company incorporated a wholly-owned subsidiary, Tata technologies (Thailand) Ltd, in Bangkok to perform automotive research and development. They acquired 100% stake in Tata Technologies Pte Ltd, Singapore from other Tata Group companies and business associates. In October 2005, the company acquired INCAT International Plc, a UK based company for a cash consideration of Rs 41,100 lakh. In January 2006, the company through their subsidiary company, INCAT GmbH, acquired CEDIS Mechanical Engineering GmbH, a Stuttgart, Germany-based provider of automotive engineering and design services for Euro 2.51 million. During the year 2006-07, the company entered into an agreement with IBM India Pvt Ltd to take over management of the IT Infrastructure business and the right to use internal and general purpose procedures developed by the company for a customer. The company subsidiary, Tata Technologies Pte Ltd acquired entire stake of INCAT KK from INCAT International Plc. Then, INCAT International Plc acts as the holding company for Tata Technologies European subsidiaries and the name was changed to as INCAT Europe Plc. In April 1, 2006, as per the Agreement and Plan of Merger among INCAT Holdings Inc, INCAT financial Services Inc and Tate technologies merged with INCAT Systems Inc. In October 2006, the company sold their 100% equity stake in Tata Technologies (Thailand) Ltd to their wholly owned subsidiary, namely Tata Technologies Pte Ltd, Singapore. Also, the name was changed from Tata Technologies (Thailand) Ltd to INCAT (Thailand) Ltd to leverage the company`s global brand "INCAT". In April 2007, iKnowledge Solutions was renamed as Tata Technologies iKS Inc. During the year 2007-08, the Malaysian subsidiary, Granted Revenue Sdn Bhd ceased to be a subsidiary company. Also, CEDIS Mechanical Engineering GmbH, Germany was merged with INCAT GmbH, Germany during the year to consolidate the operations in Germany under one entity. During the 2008-09, the company won a multi-year multi-million dollar contract to provide Engineering Design, PLM and IT support services from a major Global Auto OEM. The company entered into a into joint venture agreement with Hindustan Aeronautics Ltd and formed a new company with equal ownership under the name and style of INCAT HAL Aerostructures Ltd on May 28, 2008. The company changed the name from INCAT HAL Aerostructures Ltd to Tata HAL Technologies Ltd with effect from February 17, 2009. The company changed name of INCAT (Thailand) Ltd to Tata Technologies (Thailand) Ltd with effect from March 13, 2009. Also, the name of INCAT Ltd, UK was changed to Tata Technologies Europe Ltd with effect from. March 31, 2009. During the year, Tata Technologies iKS Inc got merged with Tata Technologies Inc. (formerly known as INCAT Systems Inc) with effect from. March 31, 2009. As part of re-branding, the names of INCAT Systems Inc, INCAT Solutions of Canada Inc and Integrated Systems de Mexico, S A de C V were changed to Tata Technologies Inc, Tata Technologies (Canada) Inc and Tata Technologies de Mexico, S.A. de C V respectively, with effect from April 1, 2009. The Company in 2012, launched the electric Mobility (eMO) vehicle at the North American International Auto Show; In 2013, it acquired Cambric Corporation, adding Romanian delivery centers to its portfolio and expanding the industrial machinery engineering capabilities. In 2017, it acquired Escenda Engineering AB in Sweden. The Company came out with an Initial Public Offer dated November 21, 2023 by raising capital of Rs 3042.51 Crore Equity Shares and by issuing 60,850,278 Equity Shares thru` Offer for Sale.

Registered Address

Plot #25 Rajiv Gandhi Infotech, -Park Hinjawadi, Pune, Maharashtra, 411057

Tel : +91 20 6652 9090
Email : ipo:tatatechnologies.com
Website : http://www.tatatechnologies.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 544028
NSE Code : TATATECH
Book Closure Date (Month) :
BSE Group : B
ISIN : INE142M01025

FAQ’s on Tata Technologies Ltd Shares

You can buy Tata Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Tata Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 09:29 AM the closing price of Tata Technologies Ltd was Rs.1,041.55.

The latest PE ratio of Tata Technologies Ltd as of Jun 14, 2024 09:29 AM is 62.63

The latest PB ratio of Tata Technologies Ltd as of Jun 14, 2024 09:29 AM is 0.07

The 52-week high of Tata Technologies Ltd share price is Rs. 1,400.00 while the 52-week low is Rs. 982.25

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 09:29 AM, the market cap of Tata Technologies Ltd stood at Rs. 42,252.45.

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