New Research Reports

Unlocking Hidden Value with a Strong Growth Outlook

Tata Technologies has delivered a moderate financial performance in Q1FY26, impacted by uncertain macroeconomic conditions and policy-related pressure on sentiments, resulting in margin compression. Despite these challenges, the company expects a sequential recovery in Q2 and a stronger H2FY26. This optimism is driven by a stronger deal pipeline compared with last year and an early build-up of the order book, which provides increased revenue visibility and...

automotive vertical. Although the aerospace momentum continued through Q1, the weakness in the Heavy-Machinery segment led the decline (4.7% QoQ) in non-Auto business. The management anticipates recovery in Q2 on the back of strategic deals signings, while early green shoots are visible in term of improved client sentiment and robust order book, hinting to a better H2 over...

Tata Technologies’ (TATATECH) revenue declined 7.6% QoQ CC in its core services segment. Growth was impacted as OEMs delayed ramp-ups and paused R&D spends amid tariff-led challenges.

Tata Technologies (TATATECH) has reported a sharp QoQ revenue decline of 4.7% USD in Q4FY25, similar to revenue contraction reported by Cyient-DET (-3% QoQ) and Tata Elxsi (-5.5%), due to: Sharp drop in technology solutions segment -15.6%, slump in auto segment -2.7%.

Fintech foray spearheading the turnaround

Special emphasis has been put on deepening partnership with OEM ecosystem stakeholders to speed up the transition to software/ SDV portfolio. It has also added marquee names to client roster to limit the downside from VinFast ramp-down.

IPO NOTE

Reported revenues stood at Rs. 605 crore, down 1.2% q-o-q/up 8.8% y-o-y on a like to like basis, missing our estimates of Rs. 625 crore, impacted by postponement of a Rs. 30 crore deal.

Tata Technologies (TATATECH) offers an opportune entry into the fastest-growing auto-Engineering, Research & Development (ER&D) segment (vs. IT services peers).

Intellect Design Arena Ltd (Intellect) reported revenues of Rs. 613.7 crore, down 3.3%/0.3% on
q-o-q and y-o-y respectively, missing our estimates of Rs. 63.7.3 crore owing to weakness in platform revenues due to absence of GeM revenue

Charting Growth Trajectories in FinTech and Beyond

After a 19-year hiatus, the Tata Group is back with its Tata Technologies IPO. The IPO was subscribed 69.4 times at the close of the issue. Known for a diverse portfolio that spans from salt to software, the Tata conglomerate has been a key player in India's growth story, boasting 17 listed companies and a staggering market capitalization of 25 lakh crore.