Company Valuation: Tata Elxsi Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 5,50,539 3,70,999 4,84,486 3,24,893 2,47,769 2,30,518 - -
Change - -32.61% 30.59% -32.94% -23.74% -6.96% - -
Enterprise Value (EV) 1 5,42,272 3,59,084 4,70,915 3,08,829 2,31,083 2,11,771 2,08,585 2,05,373
Change - -33.78% 31.14% -34.42% -25.17% -8.36% -1.5% -1.54%
P/E 100x 49.2x 61.2x 41.4x 39.4x 30.6x 25.6x 22.2x
PBR - 17.8x 19.3x 11.4x - 6.93x 6.13x 5.62x
PEG - 1.3x 12.54x -45x -2x 1.5x 1.3x 1.4x
Capitalization / Revenue 22.3x 11.8x 13.6x 8.71x 6.59x 5.52x 5.02x 4.51x
EV / Revenue 21.9x 11.4x 13.3x 8.28x 6.15x 5.07x 4.54x 4.01x
EV / EBITDA 70.8x 37.4x 45x 31.7x 27.3x 22.4x 18.5x 15.8x
EV / EBIT 76.3x 40.8x 49.7x 35.6x 30.7x 25x 20.4x 17.2x
EV / FCF 132x 84.9x 76.2x 38.8x 35.4x 34.5x 30.3x 26x
FCF Yield 0.76% 1.18% 1.31% 2.58% 2.83% 2.9% 3.3% 3.84%
Dividend per Share 2 42.5 60.6 70 75 75 75.44 82.47 89.46
Rate of return 0.48% 1.02% 0.9% 1.44% 1.89% 2.04% 2.23% 2.42%
EPS 2 88.26 121.3 127.2 126 100.9 121 144.6 166.9
Distribution rate 48.2% 50% 55% 59.5% 74.3% 62.3% 57% 53.6%
Net sales 1 24,708 31,447 35,521 37,290 37,574 41,788 45,896 51,155
EBITDA 1 7,657 9,613 10,464 9,729 8,468 9,436 11,293 12,978
EBIT 1 7,104 8,799 9,470 8,681 7,530 8,482 10,232 11,913
Net income 1 5,497 7,552 7,922 7,849 6,284 7,539 9,007 10,396
Net Debt 1 -8,267 -11,916 -13,571 -16,064 -16,686 -18,746 -21,933 -25,145
Reference price 2 8,840.25 5,961.50 7,779.60 5,216.30 3,977.25 3,700.30 3,700.30 3,700.30
Nbr of stocks (in thousands) 62,276 62,233 62,276 62,284 62,297 62,297 - -
Announcement Date 20/04/22 18/05/23 23/04/24 17/04/25 21/04/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.19x8.52x14.16x0.96% 2,85900Cr
99.13x40.05x66.96x-.--% 32TCr
127.29x40.65x128.56x0.14% 13TCr
83.74x16.83x36.57x-.--% 10TCr
489.03x21.09x84.77x-.--% 9.64TCr
157.39x9.2x22.73x-.--% 8.16TCr
36.37x1.92x15.03x-.--% 6.69TCr
120.77x5.05x24.96x-.--% 4.4TCr
-36.06x4.82x23.11x-.--% 3.9TCr
Average 122.20x 16.46x 46.32x 0.12% 41.59TCr
Weighted average by Cap. 49.94x 12.71x 25.55x 0.74%

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