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Tata Technologies Ltd

TATATECH·NSE
716.45+0.13%Wed, 23 Sept '26

Tata Technologies Ltd

TATATECH
NSE
716.45
+0.13%
|Wed, 23 Sept '26
SOICxStockScans Reports
6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
29,094Cr
Close
Close Price
716.50
Industry
Industry
IT - ER&D
PE
Price To Earnings
52.22
PS
Price To Sales
4.91
Revenue
Revenue
5,926Cr
Rev Gr TTM
Revenue Growth TTM
15.21%
PAT Gr TTM
PAT Growth TTM
-18.70%

Quarterly Results

Upcoming Results on
14 Oct 2026
Consolidated
Standalone
Numbers
Percentage
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
1,2691,2891,3011,2691,2961,3171,2861,2441,3231,3661,5721,665
Growth YoY
Revenue Growth YoY%
14.7-7.20.92.12.2-1.2-1.92.13.722.333.8
Expenses
ExpensesCr
1,0551,0531,0611,0381,0611,0831,0521,0441,1161,1731,3201,397
Operating Profit
Operating ProfitCr
214237240231236234233200208193252267
OPM
OPM%
16.918.418.418.218.217.818.216.115.714.116.016.1
Other Income
Other IncomeCr
303124231628616854-1259446
Interest Expense
Interest ExpenseCr
55455655591615
Depreciation
DepreciationCr
262729303030313131364747
PBT
PBTCr
21323523122021722625823322623283252
Tax
TaxCr
536574586058696260167971
PAT
PATCr
1601701571621571691891701667204181
Growth YoY
PAT Growth YoY%
14.7-27.4-15.4-1.9-0.920.15.15.1-96.18.16.2
NPM
NPM%
12.613.212.112.812.112.814.713.712.50.513.010.9
EPS
EPS
4.04.23.94.03.94.24.74.24.10.25.04.5
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
1,2691,2891,3011,2691,2961,3171,2861,2441,3231,3661,5721,665
Growth YoY
Revenue Growth YoY%
14.7-7.20.92.12.2-1.2-1.92.13.722.333.8
Expenses
ExpensesCr
1,0551,0531,0611,0381,0611,0831,0521,0441,1161,1731,3201,397
Operating Profit
Operating ProfitCr
214237240231236234233200208193252267
OPM
OPM%
16.918.418.418.218.217.818.216.115.714.116.016.1
Other Income
Other IncomeCr
303124231628616854-1259446
Interest Expense
Interest ExpenseCr
55455655591615
Depreciation
DepreciationCr
262729303030313131364747
PBT
PBTCr
21323523122021722625823322623283252
Tax
TaxCr
536574586058696260167971
PAT
PATCr
1601701571621571691891701667204181
Growth YoY
PAT Growth YoY%
14.7-27.4-15.4-1.9-0.920.15.15.1-96.18.16.2
NPM
NPM%
12.613.212.112.812.112.814.713.712.50.513.010.9
EPS
EPS
4.04.23.94.03.94.24.74.24.10.25.04.5

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2012Mar 2013Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
1,6431,9952,8522,3813,5304,4145,1175,1685,5065,926
Growth
Revenue Growth%
21.4-16.548.225.115.91.06.515.2
Expenses
ExpensesCr
1,3621,6122,3821,9952,8843,5934,1764,2344,6535,006
Operating Profit
Operating ProfitCr
281383470386646821941934853920
OPM
OPM%
17.119.216.516.218.318.618.418.115.515.5
Other Income
Other IncomeCr
2450363949881161289169
Interest Expense
Interest ExpenseCr
781618221819203445
Depreciation
DepreciationCr
263399928695106121145160
PBT
PBTCr
272392392315587796932921765784
Tax
TaxCr
639214076150172253244218227
PAT
PATCr
208301252239437624679677547557
Growth
PAT Growth%
44.3-4.982.742.88.9-0.4-19.3-18.7
NPM
NPM%
12.715.18.810.112.414.113.313.19.99.4
EPS
EPS
49.369.96.25.910.815.416.816.713.513.7
Financial YearMar 2012Mar 2013Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
1,6431,9952,8522,3813,5304,4145,1175,1685,5065,926
Growth
Revenue Growth%
21.4-16.548.225.115.91.06.515.2
Expenses
ExpensesCr
1,3621,6122,3821,9952,8843,5934,1764,2344,6535,006
Operating Profit
Operating ProfitCr
281383470386646821941934853920
OPM
OPM%
17.119.216.516.218.318.618.418.115.515.5
Other Income
Other IncomeCr
2450363949881161289169
Interest Expense
Interest ExpenseCr
781618221819203445
Depreciation
DepreciationCr
263399928695106121145160
PBT
PBTCr
272392392315587796932921765784
Tax
TaxCr
639214076150172253244218227
PAT
PATCr
208301252239437624679677547557
Growth
PAT Growth%
44.3-4.982.742.88.9-0.4-19.3-18.7
NPM
NPM%
12.715.18.810.112.414.113.313.19.99.4
EPS
EPS
49.369.96.25.910.815.416.816.713.513.7

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2012Mar 2013Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
434342424281818181
Reserves
ReservesCr
7389101,8112,1002,2382,9082,7833,0623,149
Current Liabilities
Current LiabilitiesCr
7116464531,1821,6961,9732,1232,6833,791
Non Current Liabilities
Non Current LiabilitiesCr
121592682482422392354021,239
Total Liabilities
Total LiabilitiesCr
1,5041,7582,5733,5734,2185,2015,5786,6648,953
Current Assets
Current AssetsCr
9091,1601,3492,3882,9803,7973,9734,6735,808
Non Current Assets
Non Current AssetsCr
5955981,2241,1851,2381,4041,6051,9913,146
Total Assets
Total AssetsCr
1,5041,7582,5733,5734,2185,2015,5786,6648,953
Financial YearMar 2012Mar 2013Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
434342424281818181
Reserves
ReservesCr
7389101,8112,1002,2382,9082,7833,0623,149
Current Liabilities
Current LiabilitiesCr
7116464531,1821,6961,9732,1232,6833,791
Non Current Liabilities
Non Current LiabilitiesCr
121592682482422392354021,239
Total Liabilities
Total LiabilitiesCr
1,5041,7582,5733,5734,2185,2015,5786,6648,953
Current Assets
Current AssetsCr
9091,1601,3492,3882,9803,7973,9734,6735,808
Non Current Assets
Non Current AssetsCr
5955981,2241,1851,2381,4041,6051,9913,146
Total Assets
Total AssetsCr
1,5041,7582,5733,5734,2185,2015,5786,6648,953

Cash Flow

Consolidated
Standalone
Financial YearMar 2012Mar 2013Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
2463542671,113-39401294699776
Investing Cash Flow
Investing Cash FlowCr
-194-206-8-67474-487394-89-871
Financing Cash Flow
Financing Cash FlowCr
67-146-261-44-44-347-557-48616
Net Cash Flow
Net Cash FlowCr
1182-1395-9-433131124-80
Free Cash Flow
Free Cash FlowCr
1983132141,099-102336204669743
CFO To PAT
CFO To PAT%
117.9117.7106.3465.3-8.864.343.3103.3141.9
CFO To EBITDA
CFO To EBITDA%
87.592.556.8288.5-6.048.931.374.990.9
Financial YearMar 2012Mar 2013Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
2463542671,113-39401294699776
Investing Cash Flow
Investing Cash FlowCr
-194-206-8-67474-487394-89-871
Financing Cash Flow
Financing Cash FlowCr
67-146-261-44-44-347-557-48616
Net Cash Flow
Net Cash FlowCr
1182-1395-9-433131124-80
Free Cash Flow
Free Cash FlowCr
1983132141,099-102336204669743
CFO To PAT
CFO To PAT%
117.9117.7106.3465.3-8.864.343.3103.3141.9
CFO To EBITDA
CFO To EBITDA%
87.592.556.8288.5-6.048.931.374.990.9

Ratios

Consolidated
Standalone
Financial YearMar 2012Mar 2013Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
41,41727,51420,68329,094
Price To Earnings
Price To Earnings
61.040.637.952.2
Price To Sales
Price To Sales
8.15.33.84.9
Price To Book
Price To Book
14.58.86.49.0
EV To EBITDA
EV To EBITDA
43.328.724.531.8
Profitability Ratios
Profitability Ratios
GPM
GPM%
66.367.575.875.268.780.769.371.571.171.1
OPM
OPM%
17.119.216.516.218.318.618.418.115.515.5
NPM
NPM%
12.715.18.810.112.414.113.313.19.99.4
ROCE
ROCE%
32.334.019.313.823.925.130.527.819.219.2
ROE
ROE%
26.731.613.611.219.220.923.721.516.916.9
ROA
ROA%
13.817.19.86.710.412.012.210.26.16.1
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2012Mar 2013Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
41,41727,51420,68329,094
Price To Earnings
Price To Earnings
61.040.637.952.2
Price To Sales
Price To Sales
8.15.33.84.9
Price To Book
Price To Book
14.58.86.49.0
EV To EBITDA
EV To EBITDA
43.328.724.531.8
Profitability Ratios
Profitability Ratios
GPM
GPM%
66.367.575.875.268.780.769.371.571.171.1
OPM
OPM%
17.119.216.516.218.318.618.418.115.515.5
NPM
NPM%
12.715.18.810.112.414.113.313.19.99.4
ROCE
ROCE%
32.334.019.313.823.925.130.527.819.219.2
ROE
ROE%
26.731.613.611.219.220.923.721.516.916.9
ROA
ROA%
13.817.19.86.710.412.012.210.26.16.1
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Tata Technologies is a global product engineering and digital services firm that helps manufacturing companies design, develop, and deliver better products - it is, in effect, an outsourced R&D department for the automotive, aerospace, and industrial heavy machinery industries. Born inside Tata Motors in 1989 and spun out as an independent company in 1994, it carries what management calls “OEM-DNA” - a deep engineering heritage from having touched 77 OEMs and 39 Tier-1 suppliers globally. The recurring approach that explains everything else is a full-vehicle, full-product engineering model: the company takes system-level responsibility across mechanical, electrical, embedded, and digital domains, embedding itself so deeply in a customer’s product lifecycle that it becomes hard to remove. # Business segments Three engines at different stages - a full-product engineering core that anchors the business, a fast-growing embedded-software practice layered on top of it, and a distinct education-and-software-products stream that runs on a different model - all connected by a shared digital backbone. ## 1. Full-Product Engineering: the outsourced R&D engine **The company takes turnkey responsibility for entire vehicle and aircraft programmes - not just supplying engineers, but owning the design, validation, and launch of a product from concept to factory floor.** - **Turnkey vehicle programmes are the strategic wedge** - these multi-year, multi-domain engagements typically span 18 to 36 months and carry deal values in the tens of millions of dollars, giving the company a deep foothold from which it expands into embedded software, manufacturing, and after-sales services over the product’s life. - **It has delivered more than 250 vehicle programmes** - since inception, the company has completed over 250 vehicle programmes and more than 400 global PLM (Product Lifecycle Management) implementation programmes, spanning everything from market definition and concept design through testing, homologation, and launch. - **Aerospace has grown roughly eight times in four years** - the aerospace business, which provides engineering for fuselage, wings, and engine parts and was selected as an EMES3 strategic supplier by Airbus, has reached a $40 million annual run rate. - **It almost completed the development of two electric vehicles for VinFast on a turnkey basis** - the company developed the vehicles from scratch and transitioned to launch support, and it is now helping Tata Motors develop an all-new battery electric vehicle for India using JLR’s EMA platform. ## 2. Embedded Systems & Software: the software-defined vehicle layer **This practice has grown at a 60% compound annual rate over three years by supplying the software brains - from AUTOSAR middleware to cybersecurity and ADAS - that turn a vehicle into a connected, upgradeable device.** - **Full V-cycle ownership, not piecework** - the company delivers solutions across the entire development V-cycle, from requirements and architecture through application software, platform software, and testing and validation, spanning firmware, middleware, and applications for control units, sensors, ADAS systems, and telematics. - **ASPICE Level 3 certification opens doors** - achieving this certification reinforces the company’s credibility with global automakers who require it for software suppliers, and it has since formed partnerships with Synopsys for virtual validation and with WITTENSTEIN to integrate a safety-certified real-time operating system into its SDV stack. - **A cloud-native SDV platform was demonstrated at ELIV and a European luxury OEM later selected Tata Technologies for a cloud-based virtual platform** - the company demonstrated a cloud-native architecture at the ELIV conference in Germany and was subsequently selected by a European luxury automotive OEM to deploy a cloud-based virtual platform that lets software teams develop concurrently from anywhere without needing physical hardware. - **The BMW joint venture fills a strategic gap in Germany** - the 50:50 joint venture, BMW TechWorks India, focuses on automotive software including SDV solutions, automated driving, infotainment, and AI applications for BMW’s premium vehicles, and it commenced operations with 100 employees across three Indian cities. ## 3. Technology Solutions: education and software reselling **This segment runs on a different model from the core services business - it sells “phygital” manufacturing-skills education to state governments and resells third-party PLM software from Dassault Systèmes and Siemens, with a distinct gross-margin profile.** - **Over 570,000 users trained on its digital platform** - the proprietary iGET IT platform has delivered 6,489 courses and trained more than 573,000 cumulative users globally in MCAD, EV, PLM, and advanced manufacturing technologies. - **Software reselling is a value-added business** - the company resells PLM software from providers including Dassault Systèmes and Siemens and layers on consulting, implementation, customisation, systems integration, and technical support, though quarterly revenue can swing with customers’ PLM budget cycles. # Digital Enterprise Solutions: the connective tissue **This capability backbone links engineering, manufacturing, and operations with real-time intelligence - it is not a standalone business but the digital platform that makes the full-product engineering and embedded-software engines work end-to-end for customers.** - **It manages customers’ enterprise PLM service transformation and operations** - a European luxury automotive OEM awarded the company a multi-year partnership to own their enterprise PLM service transformation and operations across all product domains, and a North American commercial vehicle OEM engaged it for end-to-end PLM, testing, MES (Manufacturing Execution System), and project management. - **One smart-manufacturing template, 200+ plants** - the company created a global smart-manufacturing template for a Tier-1 automotive OEM that is being deployed to 20 additional manufacturing plants, and it standardised MES across more than 200 plants for another global automotive client. - **AI has cut design-to-production lead times by 40%** - the company’s AI-driven solutions have also reduced production downtimes by over 80% and improved warranty-claim processing accuracy by 30%, using proprietary accelerators like FactoryMagix and an Interactive Machine Learning Framework that standardises deployment of over 40 ML applications. # Group structure and partners **The company is a publicly listed Tata Group entity with a 50:50 software joint venture with BMW, a newly acquired German engineering base, and a partner ecosystem that includes Dassault Systèmes, SAP, and Arm.** - **Tata Motors is the promoter** - Tata Motors Passenger Vehicles Limited held 53.35% of the paid-up share capital as of March 2026, and Tata Motors Limited is the largest shareholder within the promoter group. - **The BMW joint venture is now operational and profitable** - BMW TechWorks India, a 50:50 JV incorporated in July 2024, focuses on SDV solutions and digital transformation for BMW’s premium vehicles, and in Q4 FY26 the company’s share of profits was INR 6.6 crores with a net benefit of INR 19 crores. - **The ES-Tec acquisition brings 300 German engineers** - acquired for €75 million and closed ahead of schedule, ES-Tec Group in Wolfsburg adds deep expertise in ADAS, connected platforms, and embedded software, giving direct access to European OEM programmes with BMW and Volkswagen. - **Platinum partner with Dassault Systèmes, Gold with PTC** - the company was recognised as PTC’s Partner of the Year 2025, and it secured SAP PartnerEdge Sell authorisation across India and the United States, enabling it to lead full-lifecycle cloud ERP engagements and embed SAP Business AI. - **A multi-faceted partnership with Agratas** - the company is working with Tata Group’s global battery business on battery-pack design, gigafactory industrialisation in India and the UK, and digital thread implementation from concept through service.

Documents — Tata Technologies Ltd

  • Q1 FY2027 Earnings Call Transcript (Jun 2026, PDF): https://www.stockscans.in/document/fwe7sbe5bxs6shnyldj990tj.pdf
  • Q4 FY2026 Earnings Call Transcript (Mar 2026, PDF): https://www.stockscans.in/document/jdcr9u1lmzk13mic3zw55xlr.pdf
  • Q3 FY2026 Earnings Call Transcript (Dec 2025, PDF): https://www.stockscans.in/document/havaakqu706k3tejp93i10eh.pdf
  • Q2 FY2026 Earnings Call Transcript (Sep 2025, PDF): https://www.stockscans.in/document/6bqzh7ffufio7u3k47tyaivm.pdf
  • Q1 FY2026 Earnings Call Transcript (Jun 2025, PDF): https://www.stockscans.in/document/2rkirjb3ltfcv9nkrl8ytzui.pdf
  • Q4 FY2025 Earnings Call Transcript (Mar 2025, PDF): https://www.stockscans.in/document/m7s6s5f150ja84clsmrqjnyb.pdf
  • Q3 FY2025 Earnings Call Transcript (Dec 2024, PDF): https://www.stockscans.in/document/msuhe6iood4aeb878k1ucnpo.pdf
  • Q2 FY2025 Earnings Call Transcript (Sep 2024, PDF): https://www.stockscans.in/document/7s27gas6ituseobe93thxa5i.pdf
  • Q1 FY2027 Quarterly Result (Jun 2026, PDF): https://www.stockscans.in/document/br223do1b24ib6mdkuf9fm1o.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/j5l5ncmwceca2rp2ka201zzb.pdf
  • Q3 FY2026 Quarterly Result (Dec 2025, PDF): https://www.stockscans.in/document/jonkaj2g14pm1zpxpn0qduks.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/38qevgqt8oktskutbjsbv6ym.pdf
  • Q1 FY2026 Quarterly Result (Jun 2025, PDF): https://www.stockscans.in/document/vaps2x8l2e5yh4b1e4f23b0n.pdf
  • Q4 FY2025 Quarterly Result (Mar 2025, PDF): https://www.stockscans.in/document/0vxqs07e81vcrc9wbdbybptl.pdf
  • Q3 FY2025 Quarterly Result (Dec 2024, PDF): https://www.stockscans.in/document/3q6cvdoy5dh09fsdcx8tqtr0.pdf
  • Q2 FY2025 Quarterly Result (Sep 2024, PDF): https://www.stockscans.in/document/5rqj088ppr8g0tngotjo601l.pdf
  • Q1 FY2027 Investor Presentation (Jun 2026, PDF): https://www.stockscans.in/document/btlr8yas0alr6z6wy39uq5kl.pdf
  • Q4 FY2026 Investor Presentation (Mar 2026, PDF): https://www.stockscans.in/document/3chnva4agoe5gq5bgprlbw0h.pdf
  • Q3 FY2026 Investor Presentation (Dec 2025, PDF): https://www.stockscans.in/document/lr1znnvvn6x8l039ws7kwt8o.pdf
  • Q2 FY2026 Investor Presentation (Sep 2025, PDF): https://www.stockscans.in/document/cu91nrctcqdfbittg7x3p2ww.pdf
  • Q1 FY2026 Investor Presentation (Jun 2025, PDF): https://www.stockscans.in/document/smy03hbkhtquuzpdc3pau3mt.pdf
  • Q4 FY2025 Investor Presentation (Mar 2025, PDF): https://www.stockscans.in/document/w5vuphb7s0uzaqf2is041ikd.pdf
  • Q3 FY2025 Investor Presentation (Dec 2024, PDF): https://www.stockscans.in/document/w6r2genbitzx1k55s3mfe6e1.pdf
  • Q2 FY2025 Investor Presentation (Sep 2024, PDF): https://www.stockscans.in/document/plsnjyppy7wh09js3in1xqbf.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/5q9eussqnvc2eks3q8dgyvgy.pdf
  • FY2025 Annual Report (PDF): https://www.stockscans.in/document/1rru3blxpprg3u8fvwwltuqr.pdf
  • FY2024 Annual Report (PDF): https://www.stockscans.in/document/h2k8ltqsda9z5ydkj2nzk5un.pdf

Concall Transcript Summaries — Tata Technologies Ltd

  • Q1 FY2027 Concall Transcript Summary (Jun 2026): https://www.stockscans.in/company/NSE%3ATATATECH/transcript-notes/202606/fwe7sbe5bxs6shnyldj990tj.pdf
  • Q4 FY2026 Concall Transcript Summary (Mar 2026): https://www.stockscans.in/company/NSE%3ATATATECH/transcript-notes/202603/jdcr9u1lmzk13mic3zw55xlr.pdf
  • Q3 FY2026 Concall Transcript Summary (Dec 2025): https://www.stockscans.in/company/NSE%3ATATATECH/transcript-notes/202512/havaakqu706k3tejp93i10eh.pdf
  • Q2 FY2026 Concall Transcript Summary (Sep 2025): https://www.stockscans.in/company/NSE%3ATATATECH/transcript-notes/202509/6bqzh7ffufio7u3k47tyaivm.pdf
  • Q1 FY2026 Concall Transcript Summary (Jun 2025): https://www.stockscans.in/company/NSE%3ATATATECH/transcript-notes/202506/2rkirjb3ltfcv9nkrl8ytzui.pdf
  • Q4 FY2025 Concall Transcript Summary (Mar 2025): https://www.stockscans.in/company/NSE%3ATATATECH/transcript-notes/202503/m7s6s5f150ja84clsmrqjnyb.pdf
  • Q3 FY2025 Concall Transcript Summary (Dec 2024): https://www.stockscans.in/company/NSE%3ATATATECH/transcript-notes/202412/msuhe6iood4aeb878k1ucnpo.pdf
  • Q2 FY2025 Concall Transcript Summary (Sep 2024): https://www.stockscans.in/company/NSE%3ATATATECH/transcript-notes/202409/7s27gas6ituseobe93thxa5i.pdf