Tata Elxsi share price & results

Results to: Sept 2026
Latest analysed call: Q2 FY27
Ownership as of: Sept 2026

Tata Group design-led engineering & digital services firm (est. 1989) for auto, healthcare and media OEMs.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	1,056 ₹ crore	+15.0% YoY	Quarterly, as filed	Quarter to Sept 2026	Revenue from operations as filed.
Operating margin	22.0 %	+1.0 pts YoY	Operating profit / revenue	Quarter to Sept 2026	For the quarter; a change is in percentage points.
Net profit	170 ₹ crore	+9.7% YoY	Quarterly, as filed	Quarter to Sept 2026	Profit after tax as filed.
Return on equity	Unavailable	+5.9 ptsFY Mar 2015 vs FY Mar 2014	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.
Free cash flow margin	Unavailable	−0.6 ptsFY Mar 2015 vs FY Mar 2014	Fiscal year	FY · period unavailable	Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)	Unavailable	−15.0 ptsFY Mar 2015 vs FY Mar 2014	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

6 of 11 judged targets kept · 10 open · verdicts reflect calls analysed to Q2 FY27.

Tata Elxsi management guidance track record on Inve: 21 targets tracked across analysed earnings calls (6 achieved, 5 missed, 10 open).

Target	Original wording	Said	Latest call	Verdict
Offshore Revenue Share	Revert to 75% offshore mix in subsequent few quarters Call transcript, Q1 FY27 · 14 Jul 2026	Q1 FY27	Q2 FY27:The offshore/onsite mix was not mentioned in the Q2 earnings call or materials. Call transcript, Q2 FY27 · 13 Oct 2026	Ghosted
PBT Margin	exit FY27 (Q4) with a PBT margin near 27% Call transcript, Q4 FY26 · 21 Apr 2026	Q4 FY26	Q2 FY27:EBITDA margin improved to 21.9%. While management guides for a 'gradual calibrated improvement' in H2, the significant gap to a ~27% PBT margin by Q4 FY27 means the target remains at high risk. Call transcript, Q2 FY27 · 13 Oct 2026	At Risk
Margin Impact from Labor Code	not be more than 15, 20 basis points Call transcript, Q3 FY26 · 13 Jan 2026	Q3 FY26	Q1 FY27:The impact was not mentioned, and the event window has passed. The absence of any negative call-out implies the impact was within the guided range. Call transcript, Q1 FY27 · 14 Jul 2026	Achieved

Source: Inve Guidance Tracker for Tata Elxsi · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of Tata Elxsi's 21 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 18 more targets are in the full ledger.

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See the full record

Price

₹3,723.4 −0.02% · −₹0.6

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −32.8% 1Y

1Y: ₹5,544 on 24 Oct 2025 → ₹3,723.4. High ₹5,853 (7 Jan 2026), low ₹2,996 (8 Oct 2026).

Previous close: ₹3,724
Market cap: ₹23.2k Cr
52-week range: ₹2,996 – ₹5,853
One year: −33.34%

Overview

Symbol: NSE:TATAELXSI
Sector: Information Technology
Exchange: NSE
Currency: INR

What Tata Elxsi does

Based on the company's own presentations, annual report and earnings calls.

Tata Elxsi is a global design-led technology services company, part of the Tata Group, established in 1989 with roots in Silicon Valley. It earns revenue by taking on engineering, product-design and digital-transformation programmes for OEMs and enterprises across its chosen verticals, combining design-led engineering with digital capabilities such as AI, Cloud, Cybersecurity, IoT and Extended Reality. Clients include automotive OEMs (Mercedes-Benz, Suzuki), medtech majors (Terumo, Bayer) and global telecom/media operators, for whom it runs dedicated offshore/global technology and development centres. It operates through two primary segments: Software Development & Services and Systems Integration & Support.

Segments

Software Development and Services (SDS)
Systems Integration and Support (SIS)

Track record: 30+ years of design-led engineering R&D, founded 1989
Operating segments: 2
Industry verticals served: 4 (Transportation incl. Automotive/Aerospace/Off-Highway/Rail; Healthcare & Life Sciences; Media & Communications; Others)
Dedicated client offshore/global technology centres: Suzuki (Pune ODC + Thiruvananthapuram Cloud HIL centre), Terumo (Japan ODC), Bayer (radiology Global Technology Centre), Off-Highway & Aerospace Global Technology Centre
Academic & research partnerships: IISc Bangalore, IIT Madras, NIT Calicut, University of Illinois Urbana-Champaign, ECOSEP

Founded 1989Headquarters Bengaluru, India Company website

How the price took the results

close before → close after

Q2 FY27: +5.2%; 13 Oct
Q1 FY27: −3.3%; 14 Jul
Q4 FY26: +3.0%; 21 Apr
Q3 FY26: +1.7%; 13 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Guidance

What management said, and what became of it

6 of 11 judged targets kept · 10 open · verdicts reflect calls analysed to Q2 FY27.

Tata Elxsi management guidance track record on Inve: 21 targets tracked across analysed earnings calls (6 achieved, 5 missed, 10 open).

Target	Original wording	Said	Latest call	Verdict
Offshore Revenue Share	Revert to 75% offshore mix in subsequent few quarters Call transcript, Q1 FY27 · 14 Jul 2026	Q1 FY27	Q2 FY27:The offshore/onsite mix was not mentioned in the Q2 earnings call or materials. Call transcript, Q2 FY27 · 13 Oct 2026	Ghosted
PBT Margin	exit FY27 (Q4) with a PBT margin near 27% Call transcript, Q4 FY26 · 21 Apr 2026	Q4 FY26	Q2 FY27:EBITDA margin improved to 21.9%. While management guides for a 'gradual calibrated improvement' in H2, the significant gap to a ~27% PBT margin by Q4 FY27 means the target remains at high risk. Call transcript, Q2 FY27 · 13 Oct 2026	At Risk
Margin Impact from Labor Code	not be more than 15, 20 basis points Call transcript, Q3 FY26 · 13 Jan 2026	Q3 FY26	Q1 FY27:The impact was not mentioned, and the event window has passed. The absence of any negative call-out implies the impact was within the guided range. Call transcript, Q1 FY27 · 14 Jul 2026	Achieved

Source: Inve Guidance Tracker for Tata Elxsi · to Q2 FY27

The full ledger

Open Tata Elxsi’s full ledger

A free account opens 5 company ledgers a month. All 21 tracked commitments, with each call’s wording and source.

Browse the register

Latest analysed call: Q2 FY27, 13 Oct 2026. 6 calls analysed.

Call summaries

Q2 FY27 — 13 Oct 2026

Tata Elxsi Q2 FY27

Tata Elxsi delivered a satisfying Q2 FY27 with robust revenue growth of 2.3% QoQ in constant currency to INR 1055.7 crores, and a significant EBITDA margin expansion of 70 bps to 21.9%. This performance was driven by strong deal wins across all verticals and operational efficiencies, despite annual wage revisions. While US and India geographies performed well, the European automotive market remained soft, and the company anticipates continued growth momentum in H2 with a focus on pyramid management and utilization.

Read the full call

Q1 FY27 — 14 Jul 2026

Tata Elxsi Q1 FY27

Tata Elxsi reported strong Q1 FY27 results, surpassing INR 1,000 crores in quarterly revenue, driven by robust growth in Media & Communication and Transportation verticals. Despite sequential EBIT margin compression due to one-off costs and strategic investments in AI and talent, the company maintains its high-single-digit growth aspirations for FY27, expecting margin recovery in subsequent quarters.

Read the full call

Q4 FY26 — 21 Apr 2026

Tata Elxsi Q4 FY26

Tata Elxsi reported a mixed Q4 FY26, with modest constant currency revenue growth of 0.9% QoQ to INR 993.8 crores, driven by strong performance in Media & Communication (5.6% QoQ CC) and new deal wins in Transportation (0.2% QoQ CC). However, the Healthcare & Life Sciences vertical saw a significant de-growth of 13.1% QoQ CC due to deal delays. The company achieved a healthy EBITDA margin of 24.6%, an improvement of 130 bps sequentially, attributed to operational efficiencies and currency tailwinds. Management revised its overall FY27 growth outlook to a high-single digit, acknowledging ongoin

Read the full call

Summaries of each call, in Inve’s own words; the transcript is not reproduced. Not investment advice.

News

Latest news

From the news desk, item by item, hours after each call.

Tata Elxsi's good quarter came largely from currency; management gave no year-end margin number on the call 21.9% ·14 Oct 2026

Every analysed call

Tata Elxsi earnings calls (TATAELXSI)

Fundamentals

Ratios, each with its period

Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2010 to Mar 2015).

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015
123.00 days 94.00 days 85.00 days 83.00 days 73.00 days 66.00 days

How it is calculated. Reported receivable days from the annual accounts.
Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015
-425.00 days -575.00 days -300.00 days 83.00 days 73.00 days 66.00 days

How it is calculated. Reported debtor days plus inventory days less payable days.
Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015
103.00 days 15.00 days 10.00 days 4.00 days 22.00 days 10.00 days

How it is calculated. Reported net working capital days from the annual accounts.
Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015
45.00% 67.00% 63.00% 73.00% 39.00% 34.00%

How it is calculated. Reported dividend payout as a percentage of annual profit.
Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015
— — — — — —

How it is calculated. Market capitalisation from the current stock record.

Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
123.00 days	94.00 days	85.00 days	83.00 days	73.00 days	66.00 days

Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
-425.00 days	-575.00 days	-300.00 days	83.00 days	73.00 days	66.00 days

Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
103.00 days	15.00 days	10.00 days	4.00 days	22.00 days	10.00 days

Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
45.00%	67.00%	63.00%	73.00%	39.00%	34.00%

Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
—	—	—	—	—	—

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside the supported range. FY uses the reported fiscal period; TTM the latest twelve months; valuations use the current market cap with the chosen earnings period. Screen Indian stocks on these ratios →

Financials

What the filings say

Net profit, year on year: +10% (quarter to sept 2026 against sept 2025).

In ₹ crore. Oldest period first.

Line item	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026	Sept 2026
Sales	939	908	892	918	953	994	1,021	1,056
Expenses	693	701	705	725	731	749	805	824
Operating profit	247	208	187	193	222	245	216	231
Operating margin	26.0%	23.0%	21.0%	21.0%	23.0%	25.0%	21.0%	22.0%
Other income	40	43	38	49	-50	51	41	35
Interest	5	5	5	4	4	4	3	4
Depreciation	26	25	24	23	23	23	22	24
Profit before tax	256	221	196	215	146	268	232	239
Tax rate	22.0%	22.0%	26.0%	28.0%	26.0%	18.0%	27.0%	29.0%
Net profit	199	172	144	155	109	220	171	170
EPS (₹ per share)	31.95	27.68	23.18	24.85	17.48	35.37	27.38	27.33

Source: Inve data · income statement, quarterly · to Sept 2026

In ₹ crore. Oldest period first.

Line item	Mar 2014	Mar 2015	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	775	849	3,145	3,552	3,728	3,757
Expenses	640	672	2,184	2,506	2,757	2,910
Operating profit	136	177	962	1,046	973	847
Other income	13	2	74	122	179	88
Interest	2	0	15	21	20	17
Depreciation	35	25	81	99	105	93
Profit before tax	112	154	937	1,048	1,028	825
Net profit	73	103	756	792	784	628

Source: Inve data · income statement, annual · to Mar 2026

In ₹ crore. Oldest period first.

Line item	Mar 2023	Mar 2024	Mar 2025	Sept 2025	Mar 2026	Sept 2026
Equity capital	62	62	62	62	62	62
Reserves	2,023	2,443	2,798	2,640	2,979	2,850
Borrowings	185	225	192	169	162	143
Other liabilities	493	457	533	584	759	794
Total liabilities	2,764	3,187	3,586	3,456	3,963	3,849
Fixed assets	334	396	318	275	259	235
Capital work in progress	7	2	2	0	0	0
Investments	0	0	0	0	0	7
Other assets	2,423	2,789	3,266	3,181	3,703	3,607
Total assets	2,764	3,187	3,586	3,456	3,963	3,849

Source: Inve data · balance sheet · to Sept 2026

In days and %. Oldest period first.

Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	98	99	113	100	95	105
Inventory days	—	2	1	2	—	—
Days payable	—	244	202	162	—	—
Cash conversion cycle	98	-143	-88	-60	95	105
Working capital days	53	47	75	72	65	53
Return on capital employed	40.0%	48.0%	48.0%	43.0%	36.0%	30.0%
Dividend payout	81.0%	48.0%	50.0%	55.0%	60.0%	74.0%

Source: Inve data · annual ratios · to Mar 2026

Where revenue comes from

The businesses behind the company’s reported revenue.

Reporting basis Reporting period

Software development & services contributes 97.2% of reported segment revenue.

Quarter ended 30 Jun 2026 · Standalone

Software development & services 97.2%

₹992.26 crore
System integration & support services 2.8%

₹28.85 crore

Reported business segments for quarter ended 30 Jun 2026
Business segment	Revenue · ₹ crore	Share
Software development & services	992.26	97.2%
System integration & support services	28.85	2.8%

Share = segment revenue ÷ total segment revenue, before intersegment adjustments.

How these numbers add up

Total segment revenue: ₹1,021.11 crore
Intersegment adjustment: ₹0.00 crore
Net segment revenue: ₹1,021.11 crore

Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.

Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.

Ownership

Who owns it

Promoters hold 43.89% as of Sept 2026; institutions cut 2.90 pts since Jun 2026.

Promoters −0.01 pts 43.89%
Foreign institutions −1.85 pts 8.00%
Domestic institutions −1.05 pts 9.98%
Public +2.94 pts 38.14%

6,11,277 shareholders on the register.

Source: Exchange shareholding filings · to Sept 2026 · 8 filings held

Who was buying across the market this quarter

Who is on the register

Named in the Sep 2026 filing

Every holder of Tata Elxsi above SEBI's 1% disclosure line, and what changed since Jun 2026.

Holder	Stake	Change
	42.20%	unchanged
Insurer	6.59%	unchanged
	1.69%	unchanged
Insurer	1.22%	unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in TATAELXSI

Filings to Sep 2026

3 new, 3 added, 3 trimmed, 4 sold out — net +0.04 L shares (+3.2%).

Held by funds: ₹36 Cr; 9 schemes
Biggest holder: Nippon India Nifty Smallcap 250 Index Fund; ₹16 Cr · 0.5% of that fund

Scheme	Holding	Last month	Held since
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund	₹16 Cr	new	Sep '26
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund	₹8 Cr	new	Sep '26
SBI Arbitrage Fund (Erstwhile known as SBI Arbitrage Opportunities Fund) SBI Mutual Fund	₹5 Cr	−0.11 L	Jul '26
SBI Nifty200 Quality 30 Index Fund SBI Mutual Fund	₹4 Cr	+0.00 L	Jun '25
SBI NIFTY 200 Quality 30 ETF SBI Mutual Fund	₹1 Cr	+0.00 L	Dec '24
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund	₹1 Cr	+0.00 L	Sep '24
Nippon India Nifty 500 Quality 50 Index Fund Nippon India Mutual Fund	₹0 Cr	−0.00 L	May '25
SBI Nifty 500 Index Fund SBI Mutual Fund	₹0 Cr	−0.00 L	Sep '24

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Sep 2026

3 added, 3 trimmed — net +3,620 shares (+3.2%)

Funds are sitting on: +1%; vs est. average cost
Held by funds: ₹36 Cr; 9 schemes · ≈ 0.19% of the company
Biggest holder: Nippon India Nifty Smallcap 250 Index Fund; ₹16 Cr · 0.5% of that fund
Longest holder: Nippon India Nifty 500 Equal Weight Index Fund; 2y 1m · since Sep '24

Shares held by these funds +262%

Oct '23 1.17 L shares Sep '26

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Performance −32.8% 1Y

What Tata Elxsi does

How the price took the results

Q2 FY27 — 13 Oct 2026

Q1 FY27 — 14 Jul 2026

Q4 FY26 — 21 Apr 2026

Where revenue comes from

What the price assumes

Who is on the register

Mutual funds in TATAELXSI

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