Tata Elxsi Share Price

1. The company's standalone net profit for the said quarter rose by 0.3% quarter-on-quarter to stand at Rs.70 crore.
2. The standalone revenue inclined by 1.8% quarter-on-quarter and 18.2% year-on-year to stand at Rs.382 crore.
3. EBIT was up by 12.9% quarter-on-quarter to stand at Rs.100 crore, while the EBIT margin expanded by 258bps quarter-on-quarter to 26.3%.
4. Revenue from software development and services grew by 2.5% quarter-on-quarter to stand at Rs.369 crore, while system integration and support services revenue were down by 16.7% quarter-on-quarter to stand at Rs.13 crore.
5. The expansion in EBIT margin on quarter-on-quarter basis was supported by the change in mix as software development and services mix inclined from 95.9% to 96.6% on a quarter-on-quarter basis.
6. Margins of software development and services were down by 258bps quarter-on-quarter to 31.2%, while margins of system integration and support services decreased by 648bps quarter-on-quarter to 11%.

Tata Elxsi Ltd. Annual Report 2017-18

1. Tata Elxsi Ltd. reported a rise in its total income to be at 16% to stand at Rs.1,429.54 crore as against Rs.1,237 crore posted during the same period last fiscal.
2. Its Profit After Tax (PAT) rose significantly by 38% to stand at Rs.240.04 crore as compared to Rs.175 crore reported for the same period last financial year.
3. Along with the financial results, the company declared a dividend of 110% (Rs.11 per share) for the year ending 31 March 2018 on 6,22,76,440 equity shares of Rs.10 each fully paid-up, compared to 160% (Rs.16 per share) on 3,11,38,220 equity shares of Rs.10 each fully paid-up in the previous fiscal.
4. Earnings Per Share (EPS) for the year ending 31 March 2018 stood at Rs.38.54 per share with a book value of Rs.118.56 per share.

Tata Elxsi Ltd. Q4 FY18 Results

1. The standalone net profit for the said quarter rose by 12% quarter-on-quarter to stand at Rs.70 crore.
2. For the said quarter, the standalone revenue grew by 8.6% quarter-on-quarter and 14.8% year-on-year to stand at Rs.375 crore.
3. The company's EBITDA was up by 1.7% quarter-on-quarter to stand at Rs.95 crore, while the EBITDA margin declined by 172bps quarter-on-quarter to 25.3%.
4. Revenue from software development and services inclined by 7% quarter-on-quarter and 17.2% year-on-year to stand at Rs.360 crore, while revenue from system integration and support services increased by 67.2% quarter-on-quarter; however, it declined by 22.4% year-on-year basis to stand at Rs.15 crore.
5. The decline in EBITDA margin on a quarter-on-quarter basis was due to 56bps quarter-on-quarter incline in employee cost and 141bps quarter-on-quarter rise in cost of purchases.

Tata Elxsi Ltd. Stock Trend in 2018

1. The Tata Elxsi stock price on the 1st of January stood at Rs.964.05, down by about 1.34% compared to the opening price. The company declared its Q3 FY18 results beating estimates which led the scrip rally upwards by about 100 points by the end of the month.
2. In February, the stock price fluctuated with not many gains over the course of the month. At the end of the month, the stock price of Tata Elxsi stood at Rs.1,053.25.
3. The scrip declined significantly in the month of March anticipating a lower than expected Q4 FY18 results. The stock lost about 80 points to end the month at Rs.985.35.
4. However, the company posted a rise of 12% in its standalone net profit to stand at Rs.70 crore for the quarter ending 31 March 2018 which led the stock price to move upwards gaining more than 200 points to close at Rs.1,237.80 in April.
5. The scrip remained stable in May with slight fluctuations to close for the month at Rs.1,237.10.
6. The company's Q1 FY19 results were better than estimates and the scrip rallied upwards in the month of June. The scrip gained about 100 points with a closing price of Rs.1334.70 on the last day of trading.
7. During the month of August, the stock price rose to stand at Rs.1,407.30 gaining more than 100 points. However, in September, with market estimates for the results at end of 30 September, the scrip dropped significantly to end at Rs.1,156.

Tata Elxsi Ltd. Stock Trend in 2016 and 2017

1. On the 1st of January 2016, the Tata Elxsi stock price stood at Rs.1,125.37 and lost about 200 points since there was a change in the director of the company only to increase by the end of the month as the company posted a 39.5% increase in its Q3 FY16 net profit. However, the scrip lost about 100 points in February, by it recovered in the month of March to end at Rs.941.92.
2. In April, the scrip remained steady but in May, the scrip lost more than 20 points with a closing price of Rs.900.30 and continued to fall in June as well with a closing price of Rs.848.50 on the last day of trading.
3. The scrip lost more than 20 points in the month of July and continued its downward rally to close at the end of September to close at Rs.691.17 attributed by the apprehension of a lower than expected Q2 FY17 results.
4. During the last three months of 2016, Tata Elxsi stock price was stable with marginal fluctuations and by the end of December, the scrip price stood at Rs.690.22.
5. In January 2017, the stock price of Tata Elxsi rose slightly to end the month at Rs.711.67 and continued to the same trend in February and March. At the end of Q4 FY17, the stock price of the company rose to touch Rs.732.45 as the company beat estimates for the quarter ending 31 December 2016.
6. In April, the scrip was steady and ended the month at Rs.756.02 and in May the stock fell to Rs.656 on the 30th of May as the investors were apprehensive of the outcome of the Q4 FY17 results. On the 6th of June, the scrip rebounded to touch Rs.770.57 as the company announced it has licensed its driverless car platform "AUTONOMAI" and closed for the month at Rs.792.35.
7. In July, the company declared a dividend of 160% which led the scrip to touch Rs.839.50 and continued to rise to touch Rs.911 as the company declared share split of 1 share for every share held by the investor in the month of September.
8. The stock trend in the month of October was stable with a closing price of Rs.839.65 and inclined by more than 150 points in November to touch Rs.966.20 on the 28th of the month. In December, the stock price remained steady with a closing price of Rs.977.15.

Should You Invest in Tata Elxsi Stocks?

1. The company's recent financial performance has been good with its net profit rising by 12% quarter-on-quarter to Rs.70 crore for the quarter ending 31 March 2018 and by 0.3% for the quarter ending 30 June 2018.
2. The stock trend of Tata Elxsi in the last six month has witnessed an upward trajectory, up from Rs.1,002.05 on the 2nd of April 2018 to Rs.1,435.85 on 31 August 2018.
3. The company's results for the fiscal ending 2018 beat market estimates with its total income rising by 16% and its PAT growing by 38%.
4. With the company focusing on newer and strategic technology, the stock price of Tata Elxsi is expected to be offer better returns on the long-term.
5. The leadership team of Tata Elxsi Ltd. have been taking strategic and strong decisions to steer the company to a profitable organisation.

Company Information

Tata Elxsi Ltd. is primarily engaged in the design and development of computer hardware and software. Its main segments include System Integration and Support, and Software Development and Services. The company operates across industries such as broadcast, communications, and automotive. Its business units include broadcast, transport, industrial design, communication and medical. Tata Elxis has its design studios, development centres and offices across the globe.

Company History

Tata Elxsi Ltd. was incorporated in 1989 and was promoted as a joint venture between Tata Industries Ltd. and Tata Elxsi Ltd. In 1993, it established a Software Technology Park at its premises in Bengaluru and in 2005 it unveiled its Chennai centre. The company established a capable service and design developer and became a leading provider of several software and services. Now, the company specialises in some of the latest innovations like broadcast, IoT and Big Data Analytics.

Management Team of Tata Elxsi Ltd.

N Ganapathy Subramaniam

Mr. N Ganapathy Subramaniam is the Chairman of Tata Elxsi Ltd. He's also the Chief Operating Officer (COO) of the TCS since 2017. Prior to becoming the COO of TCS, he served as the Executive Vice President and Head of TCS Financial Solutions. He brings in-depth knowledge about technology trends, systems and policies of leading global corporations and global business.

P McGoldrick

Mr. P McGoldrick has been associated with Tata Group since 1981. He's currently the Non-Executive Director on the board of Tata Elxsi Ltd. He started his career with Lawrence Livermore National Laboratory, where he mainly worked on defence-related projects. Prior to this assignment, he served as the CEO and MD of Tata Technologies Ltd. until 2014.

Madhukar Dev

Mr. Madhukar Dev is the Managing Director of Tata Elxsi Ltd. and comes with over three decades of experience, including 20 years in Sales and Marketing. He has been with the company since 1991 and has held several positions in the Sales and Marketing. Before joining Tata Elxsi Ltd., he has worked in industries such as IT, Power Electronics and Publishing. He is a qualified MBA from IIM-B and has also completed his M.Sc. in Physics.

Tata Elxsi Ltd. in NSE, BSE and Listings

Tata Elxsi stocks are available for trading in the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). The codes for trading Tata Elxsi stocks are as follows:

1. NSE Code - TATAELXSI
2. BSE Code - 500408
3. ISIN - INE670A01012
4. Sector - Computers - Software

The stock indices of Tata Elxsi Ltd are as follows:

1. S&P CNX 500

Stocks vs. Mutual Funds: here's what we recommend

Stock market investments require a lot of research and knowledge. They do not generally offer any tax benefits and are regarded as high-risk investments. Hence,it is crucial to have a diversified portfolio. At Bankbazaar, we encourage our readers to invest on mutual funds.It doesn't require a lot of knowledge and equity linked mutual fund schemes offer tax benefits. Additionally, since mutual funds comprise stocks from multiple companies, they help in building a diversified portfolio.

Registered Office

Tata Elxsi Limited

ITPB Road, Whitefield

Bangalore 560048

India

Phone: +91 80 2297 9123

Fax: +91 80 2841 1474

Email: info@tataelxsi.com

Stocks vs. Mutual Funds: here's what we recommend

Stock market investments require a lot of research and knowledge. They do not generally offer any tax benefits and are regarded as high-risk investments. Hence,it is crucial to have a diversified portfolio. At Bankbazaar, we encourage our readers to invest on mutual funds.It doesn't require a lot of knowledge and equity linked mutual fund schemes offer tax benefits. Additionally, since mutual funds comprise stocks from multiple companies, they help in building a diversified portfolio.

DISCLAIMER:

The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.