TATAELXSI

Tata Elxsi posted 9% YoY revenue growth in Q1 FY26, led by automotive and media segments. The company is ramping up its AI and EV-related design services. Margins remained strong at 27%. With its niche focus and high RoE, Tata Elxsi commands premium valuations at ~55x FY26 EPS. It remains a structural long-term play on digital design and engineering.