Company Valuation: Tata Elxsi Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,67,613 5,50,539 3,70,999 4,84,486 3,24,893 3,00,337 - -
Change - 228.46% -32.61% 30.59% -32.94% -7.56% - -
Enterprise Value (EV) 1 1,59,749 5,42,272 3,59,084 4,70,915 3,08,829 2,82,236 2,79,840 2,77,093
Change - 239.45% -33.78% 31.14% -34.42% -8.61% -0.85% -0.98%
P/E ratio 45.6x 100x 49.2x 61.2x 41.4x 48.1x 35.4x 29.9x
PBR - - 17.8x 19.3x 11.4x 9.83x 8.73x 7.75x
PEG - 2x 1.3x 12.54x -45x -2.4x 1x 1.6x
Capitalization / Revenue 9.18x 22.3x 11.8x 13.6x 8.71x 8.01x 7.09x 6.29x
EV / Revenue 8.75x 21.9x 11.4x 13.3x 8.28x 7.53x 6.61x 5.8x
EV / EBITDA 30.6x 70.8x 37.4x 45x 31.7x 33.6x 26.2x 21.8x
EV / EBIT 33.4x 76.3x 40.8x 49.7x 35.6x 37.8x 28.7x 23.6x
EV / FCF 40.1x 132x 84.9x 76.2x 38.8x 52.2x 43.1x 37.7x
FCF Yield 2.49% 0.76% 1.18% 1.31% 2.58% 1.91% 2.32% 2.66%
Dividend per Share 2 24 42.5 60.6 70 75 68.04 77.58 87.87
Rate of return 0.89% 0.48% 1.02% 0.9% 1.44% 1.41% 1.61% 1.82%
EPS 2 59.11 88.26 121.3 127.2 126 100.3 136.1 161.1
Distribution rate 40.6% 48.2% 50% 55% 59.5% 67.8% 57% 54.6%
Net sales 1 18,262 24,708 31,447 35,521 37,290 37,504 42,348 47,781
EBITDA 1 5,224 7,657 9,613 10,464 9,729 8,394 10,681 12,707
EBIT 1 4,780 7,104 8,799 9,470 8,681 7,457 9,766 11,756
Net income 1 3,681 5,497 7,552 7,922 7,849 6,277 8,489 10,068
Net Debt 1 -7,864 -8,267 -11,916 -13,571 -16,064 -18,102 -20,497 -23,244
Reference price 2 2,693.40 8,840.25 5,961.50 7,779.60 5,216.30 4,821.15 4,821.15 4,821.15
Nbr of stocks (in thousands) 62,231 62,276 62,233 62,276 62,284 62,296 - -
Announcement Date 22/04/21 20/04/22 18/05/23 23/04/24 17/04/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
48.05x7.53x33.62x1.4% 331.6Cr
23.32x8.92x14.79x0.9% 2,98000Cr
229.78x69.59x140.27x-.--% 31TCr
159.09x9.5x20.77x-.--% 8.36TCr
77.75x15.32x32.03x-.--% 8.15TCr
219.38x69.45x218.29x - 6.84TCr
39.38x2.49x15.88x-.--% 6.32TCr
-38.16x4.94x19.81x-.--% 4.48TCr
-104.01x5.49x33.55x-.--% 3.59TCr
19.78x3.44x9.66x1.49% 2.78TCr
Average 67.44x 19.67x 53.87x 0.42% 37.02TCr
Weighted average by Cap. 46.97x 15.09x 29.92x 0.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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