Tata Elxsi Ltd: History, Latest Updates, Milestones, Subsidiaries and Share Price

INTRODUCTION

Tata Elxsi Limited, a part of the esteemed Tata Group, was established in 1989 as Tata Elxsi (India) Ltd. Since its inception, the company has solidified its position as a global leader in design and technology services. With a sharp focus on product engineering and solution services, Tata Elxsi caters to a wide range of industries, including Automotive, Broadcast, Communications, Healthcare, and Transportation.

The company's operations are divided into two distinct business divisions. Firstly, the Software Development and Services segment encompasses embedded product design services, innovation design engineering, and visual computing labs. Secondly, the Systems Integration and Support division offers technical computing solutions across various sectors, including high-end computing platforms, networking, and enterprise storage solutions. 

Tata Elxsi's commitment to innovation and excellence, evident through its state-of-the-art design centers and delivery centers spread across prominent cities in India, reflects positively in the Tata Elxsi share price.

Tata Elxsi Ltd Moves in 2024:

• Tata Elxsi Ltd. saw a slowdown in growth in Q4 FY24, impacting Tata Elxsi share price.

• Revenue fell by 0.91% in Q4, influencing fluctuations in Tata Elxsi share price.

• FY24 highlights: Revenue grew by 12.95% YoY, while EBIT margin declined by 132 bps YoY, affecting Tata Elxsi share price.

• Despite a 7.92% YoY increase in EBIT, net profit rose by only 4.90% YoY, reflecting on Tata Elxsi share price.

• Analysts' consensus estimate of Rs 905.94 crore for Q4 revenue fell short, affecting Tata Elxsi share price movements.

Evolution of Tata Elxsi Ltd: From Past to Present:

Past:

The company embarked on its journey on May 5, 1989, serving as the catalyst for the Tata Group's foray into high-technology fields. It spearheaded new projects and companies in diverse sectors including communications, oil field services, process control, management systems, financial services, advanced materials, and composites. Significant milestones included achieving SEI-CMM Level 5 in 2000, expanding to Europe, and establishing a development center in Techno Park, Thiruvananthapuram, in 2001. Partnerships with Mechanical Dynamics Incorporated USA and expansions into Canada and Germany marked the company's global growth in 2002-03. Throughout the years, strategic expansions, capacity enhancements, and international collaborations solidified its position in the automotive and communication domains.

Present:

In FY 2020-21, Tata Elxsi strengthened its engineering capabilities by establishing the Global Engineering Center (GEC) in collaboration with Schaeffler Technologies AG & Co. KG, a pioneer in mechatronics solutions for the Transportation industry. Further enhancing its portfolio, the company expanded its offerings with an end-to-end, full-stack User Interface solution for RDK Video Accelerator set-top boxes. In 2023, Tata Elxsi unveiled its Employee Value Proposition (EVP) 'Home to a Billion Possibilities,' emphasizing boundless opportunities for professional growth and enriching job experiences within the organization. These initiatives underscore Tata Elxsi's commitment to innovation, growth, and fostering a thriving work environment for its employees.

 

Timeline of Tata Elxsi Ltd:

 

 

Inside Tata Elxsi Ltd: Exploring Subsidiary Ventures 

 

Tata Elxsi Ltd

 

Corporate actions: Since June 21, 2001, Tata Elxsi Ltd. has declared a total of 24 dividends.

In the last 12 months, Tata Elxsi Ltd. has announced an equity dividend of Rs. 60.60 per share.

With the current share price at Rs. 7069.0000, Tata Elxsi Ltd.'s dividend yield stands at 0.86%.

 

Main News: In FY24, Tata Elxsi achieved a noteworthy 13% revenue growth, with revenues from operations reaching Rs. 3,552.1 Cr, marking a 13.0% YoY increase. The company's EBITDA margin stood at 29.5%, with a Profit before Tax (PBT) margin of 28.5%. PBT grew by 11.9% to Rs. 1048.7 Cr. Within its segments, Software Development and Services (SDS) witnessed a growth of 9.3% YoY in constant currency, while System Integration & Support (SIS) recorded a robust growth of 18.6% YoY, also in constant currency.

Latest News: The integration of Gen AI at Tata Elxsi is revolutionizing product design, ushering in a new era of efficiency and creativity. Gen AI's innovative approach is reshaping the landscape of product design, driving forward the boundaries of innovation.

Latest News:Tata Elxsi is renowned for its expertise in designing and implementing Industry 4.0 solutions, a critical step in enhancing manufacturing performance. In addition, the company actively partners with OEMs to streamline supplier identification, raw material sourcing, build-to-spec processes, and product certification, contributing significantly to the optimization of supply chain operations.

 

Current Tata Elxsi Share Price NSE:

 

 

Achievements and Milestones:

• In 2024, Tata Elxsi, renowned for its design and technology services globally, receives two iF DESIGN AWARDS, highlighting its exceptional work in User Experience Design and Product Design. The awarded projects, the Sports and Entertainment OTT Experience, and the 'Aha!' solution showcase Tata Elxsi's innovative prowess.

• In 2023, Tata Elxsi earns recognition as India's Top Value Creator for Software and BPM by Dun & Bradstreet, underscoring its significant contributions to the industry.

• In 2021, Tata Elxsi, a leading global design and technology firm, clinches the NASSCOM Engineering & Innovation Excellence Awards 2021 for Engineering Service Providers across all product categories, emphasizing its excellence in engineering services.

CONCLUSION

In conclusion, Tata Elxsi Limited, a pivotal part of the Tata Group, has emerged as a global leader in design and technology services since its establishment in 1989. With a strong focus on innovation, the company has achieved significant milestones, including SEI-CMM Level 5 accreditation and expansions into international markets. Recent initiatives like the Global Engineering Center and innovative solutions like the User Interface for RDK Video Accelerator set-top boxes highlight its commitment to staying ahead in the industry. Tata Elxsi's rich history and continuous evolution underscore its dedication to excellence in design and technology services, reflected in movements of the Tata Elxsi share price.

To gain more information on Tata Elxsi share price today, visit Enrich Money. Enrich Money provides the best stock trading app for beginners in India with an AMC free demat account.

Frequently Asked Questions:

1. How has the revenue growth impacted Tata Elxsi share price performance?

Over the last 5 years, Tata Elxsi has shown impressive revenue growth, outpacing the industry average with a yearly rate of 17.62%. This positive trajectory may have influenced Tata Elxsi share price  dynamics.

 

2. Where can I find real-time updates on the TATA Elxsi current share price?

Check out the current share price of TATA Elxsi and real-time updates on Enrich Money's stock analysis page here.

 

3. What has been the highest Tata Elxsi share price in the last 52 weeks?

52 Week's highest TATA Elxsi limited share price is Rs 10,760.00, while TATA Elxsi limited share price 52 week's low is Rs 5,709.05

 

4. What is the trend in Tata Elxsi's market share, and how does it relate to its Tata Elxsi share price?

Tata Elxsi's market share has seen consistent growth over the past 5 years, rising from 5.34% to 5.71%. This expansion may contribute to investor confidence, potentially impacting Tata Elxsi share price positively.

 

5. How does Tata Elxsi's net income growth correlate with its share price performance?

Tata Elxsi has achieved remarkable net income growth, with a yearly rate of 25.76% over the last 5 years, surpassing the industry average. This strong profitability trend could influence investor sentiment and Tata Elxsi share price movements.

Disclaimer: This blog is dedicated exclusively for educational purposes. Please note that the securities and investments mentioned here are provided for informative purposes only and should not be construed as recommendations. Kindly ensure thorough research prior to making any investment decisions. Participation in the securities market carries inherent risks, and it's important to carefully review all associated documents before committing to investments. Please be aware that the attainment of investment objectives is not guaranteed. It's important to note that the past performance of securities and instruments does not reliably predict future performance.