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 2,56,891 - -
Change - 228.46% -32.61% 30.59% -32.94% -20.93% - -
Enterprise Value (EV) 1 1,59,749 5,42,272 3,59,084 4,70,915 3,08,829 2,31,083 2,35,360 2,32,167
Change - 239.45% -33.78% 31.14% -34.42% -25.17% -1.64% -1.36%
P/E ratio 45.6x 100x 49.2x 61.2x 41.4x 39.4x 30.5x 26.4x
PBR - - 17.8x 19.3x 11.4x 8.38x 7.59x 6.68x
PEG - 2x 1.3x 12.54x -45x -2x 0.8x 1.7x
Capitalization / Revenue 9.18x 22.3x 11.8x 13.6x 8.71x 6.59x 6.1x 5.49x
EV / Revenue 8.75x 21.9x 11.4x 13.3x 8.28x 6.15x 5.59x 4.96x
EV / EBITDA 30.6x 70.8x 37.4x 45x 31.7x 27.3x 22.3x 19x
EV / EBIT 33.4x 76.3x 40.8x 49.7x 35.6x 30.7x 24.4x 20.6x
EV / FCF 40.1x 132x 84.9x 76.2x 38.8x 35.4x 33.4x 31x
FCF Yield 2.49% 0.76% 1.18% 1.31% 2.58% 2.83% 2.99% 3.23%
Dividend per Share 2 24 42.5 60.6 70 75 75 77.58 85.04
Rate of return 0.89% 0.48% 1.02% 0.9% 1.44% 1.89% 1.88% 2.06%
EPS 2 59.11 88.26 121.3 127.2 126 100.9 135.4 156.1
Distribution rate 40.6% 48.2% 50% 55% 59.5% 74.3% 57.3% 54.5%
Net sales 1 18,262 24,708 31,447 35,521 37,290 37,574 42,105 46,811
EBITDA 1 5,224 7,657 9,613 10,464 9,729 8,468 10,544 12,237
EBIT 1 4,780 7,104 8,799 9,470 8,681 7,530 9,653 11,267
Net income 1 3,681 5,497 7,552 7,922 7,849 6,284 8,433 9,720
Net Debt 1 -7,864 -8,267 -11,916 -13,571 -16,064 -16,686 -21,531 -24,724
Reference price 2 2,693.40 8,840.25 5,961.50 7,779.60 5,216.30 4,123.65 4,123.65 4,123.65
Nbr of stocks (in thousands) 62,231 62,276 62,233 62,276 62,284 62,297 - -
Announcement Date 22/04/21 20/04/22 18/05/23 23/04/24 17/04/25 21/04/26 - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
41.86x6.37x28.6x1.61% 267.76Cr
24.36x9.36x15.57x0.87% 3,13400Cr
98.9x40.13x67.1x-.--% 32TCr
146.17x33.25x112.5x0.06% 11TCr
205.17x10.73x24.47x-.--% 9.62TCr
77.25x15.53x33.2x-.--% 9.58TCr
370.7x15.98x63.98x-.--% 7.4TCr
29.67x1.51x11.75x-.--% 5.4TCr
-134.1x6.86x41.77x-.--% 4.49TCr
-28.09x3.71x17.38x-.--% 3.07TCr
Average 83.19x 14.34x 41.63x 0.25% 39.65TCr
Weighted average by Cap. 43.84x 12.65x 24.28x 0.69%

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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