NSE: TATAELXSI | BSE: 500408

Expensive Underperformer

Download real time

5427.50 2.00 (0.04%)

33.34% Fall from 52W High

107.6K NSE+BSE Volume

NSE 03 Sep, 2025 3:31 PM (IST)

33,809.3

Market Cap

High in industry

1.3

Beta 1Year

Very High Volatility

Tata Elxsi Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for TATAELXSI, BSE:500408 Tata Elxsi Ltd.

Tata Elxsi Ltd.

26 Oct 2021

5427.50

0.04%

TATA ELEXI

Accumulate: Tata Elxsi Ltd.

Geojit BNP Paribas

Strong capabilities, ER&D; demand to aid growth. Tata Elxsi (TELX) is a leading provider of integrated services - from research and strategy, to electronics and mechanical design, software development, validation, and deployment across industries including Automotive,...

Tata Elxsi Ltd. is trading below all available SMAs

Tata Elxsi Ltd.

17 Jul 2021

5427.50

0.04%

HSIE Results Daily: L&T; Infotech, Tata Elxsi

Sell: Tata Elxsi Ltd.

HDFC Securities

Tata Elxsi: We downgrade Tata Elxsi (TELX) to REDUCE (ADD earlier), based on diminishing margin of safety at 43x FY23E and following an in-line Q1 (both revenue and margin). While we remain positive on the company's prospects and growth leadership in ER&D (24/26% revenue/EPS CAGR over FY21-24E), the unfavourable risk-reward can be construed from (1) concentrated growth pockets with ~25% of business driving ~50% of growth (IDV and medical devices-EPD), (2) reducing growth premium vs. ER&D peer, and (3) the fact that its margin is currently at a peak (32.8% EBITDA margin adj. for Q1 one-time) and increase in discretionary spend is on the anvil. The near-term prospects remain strong with FY22 revenue growth expected at 33%, which would subsequently normalise to 20%. Our TP of INR 4,200 is based on 40x Jun-23E EPS (similar to our bull case scenario at the time of initiation), supported by an EPS CAGR of 26% over FY21-24E. L&T; Infotech: We maintain ADD on L&T; Infotech (LTI), following a robust Q1 (better revenue, in-line margin), and given its strong growth prospects ahead. LTIs growth has been consistent and is expected to continue, based on (1) healthy growth in the BFSI vertical, supported by improved credentials in Temenos, (2) aggressive hiring/wage revisions, which would overcome supply-side constraints (planned addition of 4,500 freshers in FY22 or 1.5x FY21 adds), (3) recovery expectation in E&U; vertical, led by healthy deal wins (three deals in Q1FY22 vs. one in Q4FY21), (4) augmenting digital engineering services with the acquisition of Cuelogic (consolidation from Q2FY22), and...

Tata Elxsi Ltd. has an average target of 5122.00 from 5 brokers.

Tata Elxsi Ltd.

16 Mar 2021

5427.50

0.04%

Tata Elxsi (Initiating Coverage): Growth & quality. BUY

Tata Elxsi Ltd.

HDFC Securities

For FY22E, TELX is set to grow at a 10pp premium to mid-tier peers both on growth and margin. We initiate coverage on TELX with a BUY and target price of INR 3,330, based on 36x (base case) at 1.6x the average multiple, supported by top quadrant growth/efficiencies, quality of franchise, industry tailwinds, and favourable risk-reward (upside risk to base case). Tata Elxsi (TELX) is a niche ER&D; services company with strong scalability (20% CAGR over FY21-24E) based on integrated design & engineering practice and a superior execution framework. TELX is a good proxy to play the disruption and confluence in automotive (Connected, Autonomous, and Electric), broadcasting & communication (OTT) and healthcare (Telemed) industries. The company has recently pivoted its model to focus on large and multi-year deals (Schaeffler, Aesculap) as well as invested in creating vertical adjacencies that address diversification and supply-side fungibility.

Tata Elxsi Ltd. is trading below all available SMAs

Tata Elxsi Ltd.

05 Dec 2019

5427.50

0.04%

Update 2 : Diwali Stock Picks-2019

Buy: Tata Elxsi Ltd.

IDBI Capital

Tata Elxsi Ltd. has an average target of 5122.00 from 5 brokers.

Tata Elxsi Ltd.

25 Oct 2019

5427.50

0.04%

Tata Elxsi Ltd: The Wait Continues...

Sell: Tata Elxsi Ltd.

Recommendation Target

Karvy

Heartening sequential performance:Tata Elxsi (TELX) reported a strong revivalin sequential performance driven by strong volume growth.

Tata Elxsi Ltd. is trading below all available SMAs

Tata Elxsi Ltd.

23 Oct 2019

5427.50

0.04%

Tata Elxsi-2QFY20 Result Update

Hold: Tata Elxsi Ltd.

Recommendation Target

Reliance Securities

Revenue, Margin Performance Heartening; Improved Disclosure Key Positive Tata Elxsi (TEL) posted improved performance in 2QFY20, with revenue up by a healthy 6.7% QoQ to Rs3.86bn. The key SDS segment saw a solid 6.1% QoQ revenue growth, which comes after two successive sequential declines. On the other hand, SIS revenue rose 28.5% QoQ on a low base. Within SDS, EPD revenue rose 5.3% QoQ, while IDV rose 11.3% QoQ. TEL has started disclosing more detailed operating metrics in terms of verticals, geographies, delivery-wise revenue, employee and client data, which we believe enabled a more granular understanding of its business. Within EPD, growth was led by the key Transportation vertical, which rose 9.2%...

Tata Elxsi Ltd. is trading below all available SMAs

Tata Elxsi Ltd.

19 Jul 2019

5427.50

0.04%

Tata Elxsi-1QFY20 Result Update

Tata Elxsi Ltd.

Reliance Securities

Tata Elxsi Ltd. has an average target of 5122.00 from 5 brokers.

Tata Elxsi Ltd.

19 Jul 2019

5427.50

0.04%

Tata Elxsi Ltd: Yet Another Set of Bad Numbers

Hold: Tata Elxsi Ltd.

Target

Karvy

Yet Another Set of Bad Numbers: Tata Elxsi (TELX) reported another set of disappointing numbers as ramp downof JLR business accelerated and pain in passenger vehicle market continues.Revenues for the quarter came in at Rs. 3617 Mn, down 11% sequentially.

Tata Elxsi Ltd. is trading below all available SMAs

Tata Elxsi Ltd.

27 May 2019

5427.50

0.04%

Tata Elxsi (Update): Ride against tide. NOT RATED

Results Update: Tata Elxsi Ltd.

HDFC Securities

Despite strong domain expertise in the automotive vertical (~52% of rev), growth prospects have been dented by project delays, particularly in the JLR portfolio (~18% of rev). Part relief is likely from (1) Driving greater annuity/large deals (sales incentives), (2) IP-revenue, (3) Geo expansion, (4) Automotive vertical adjacencies, (5) Momentum in Healthcare, and (6) Account mining (currently sub-scale). We have factored 9/6% USD rev/EPS growth over FY19-21E. We reckon that the valuation drift (23x to 16x P/E) over the past year is unlikely to reverse soon, with limited growth visibility (lower project duration vs. peers), near-term growth challenges (automotive vertical) and margins normalizing. We assign a Fair Value of Rs 945, at 18x FY21E EPS (25% discount to its historical valuations and 10% discount to LTTS). Tata Elxsi (TELX) is an integrated design and engineering services company (USD 230mn rev) with Automotive, Broadcast & Communication being key verticals. TELX growth decelerated in FY19 to 9% CC following 21/15% CC in FY17/18, margin moderated from its 1Q peak. We recently hosted investor meetings with TELX management. TELX is a high quality ER&D; services franchise facing industry headwinds. Despite slowdown in global automotive R&D;, industry opportunities include (1) Shifts within R&D; allocation, (2) Underpenetrated ER&D; outsourcing market (vs. IT services), (3) Fragmented vendor-base and scale differential vs. large peers (5 to 7.5x vs. TELX).