Tata Elxsi Share Price

Tata Elxsi Ltd.

It is one of the prominent design and technology firms from India that offers its services to industries like automotive, media, communication, as well as healthcare. In addition, it offers anti-malware solutions, strategy and research, software development, hardware and electronics design, validation and deployment, and others. Moreover, the company has financial institution networks, a design studio, and global development centre offices. Continue on this page to discover the Tata Elxsi share price NSE and Tata Elxsi share price today, among other related matters.

About Tata Elxsi Ltd

Manoj Raghavan founded Tata Elxsi on May 5, 1989, in Bangalore, India's Silicon Valley, to advance electronics applications, embedded systems, and software development. Nonetheless, the objective was to accelerate the adoption of cutting-edge technologies and foster creativity in the quickly growing IT sector. Tata Elxsi, one of the leading businesses in the media, broadcast, communications, automotive, and healthcare industries, is today recognised worldwide as a leading supplier of engineering services.

Moreover, to assist clients in delivering creative solutions and wonderful customer experiences, Tata Elxsi combines the finest technological expertise with user-centric design expertise. From sophisticated R&D in new technology and system design research to real development, validation, and implementation, Tata Elxsi works closely with customers.

Furthermore, this covers cutting-edge technology, including artificial intelligence, cloud computing, smart mobility, and the Internet of Things (IoT). It is, therefore, generating new opportunities for companies to lower expenses, increase operational effectiveness, and provide customers with new services.

Design and technology industry overview

Making functional and aesthetically pleasing objects is the primary goal of the design and technology sectors. It encompasses various fields, from creating machines and gadgets to creating websites and apps. Within this field, individuals apply their technical expertise and inventiveness to resolve issues and improve the lives of others. Furthermore, businesses in this sector frequently work with other sectors of the economy, such as healthcare or entertainment, to create new goods and services.

Whereas technology concerns how things are built and function, design is more concerned with how things look and feel. The design and technology sector is vital to our world today, continuously inventing and pushing the envelope to improve our lives.

Tata Elxsi Limited's competitors

Some of its competitors are as follows: -

• Newgen Software
• Tanla Platforms
• C.E. Info Syst
• RateGain Travel
• CMS Info System

History of Tata Elxsi Limited

Here is the Tata Elxsi share price history:

• 1989: The company received the Certificate of Commencement of Business on May 5th, after being incorporated as a Public Limited Company on March 30th.
• 1991: The signatories of the Memorandum of Association subscribed to 310 equity shares. 95,50,000 shares were issued, including firm allotments to Tata Industries and Tata Elxi. 4,77,500 shares were reserved for employees, and 29,97,500 were offered to the public. Additionally, 14,32,500 Tata Elxsi bonus shares were allotted for oversubscription, and 46,00,000 Tata Elxsi share price targets were issued from convertible debentures on 29.1.1992.
• 1995: In a propn. A 1:1 ratio of 155,82,810 Right Equity Tata Elxsi share news was issued at par.
• 2000: ICRA upgraded the credit rating of Tata Elxsi Ltd.'s Rs 5-crore commercial paper program from A1 to A1+. Tata Elxsi Ltd has launched Maya 3, an advanced version of Alias Wavefront's Maya software in India. Tata Sons Ltd. acquired 1,400,000 equity shares of Tata Elxsi Ltd. from Tata Engineering & Locomotive Company on September 29.
• 2001: Tata Elxsi has partnered with IBM as an e-biz solution partner. The company approved the resignation of Managing Director S Devarajan, effective March 31. It launched a four-semester MS degree in software engineering with BITS-Pilani. Mr. D S Pendse resigned from the board, effective June 1.
• 2002: The company appoints Madhukar Dev as CEO and Prof. A Sadagopan as an additional director. It has become Apple's systems integrator for film, video, and broadcast markets, and it partners with Enterasys for network services. It signs an agreement with AMI-C to provide technology expertise for proof-of-concept vehicles.
• 2003: TCS forms a joint venture with HDFC, becoming the major equity shareholder. Mr. K M Chinnappa resigns as Director. Visual Computing Lab, a TEL subsidiary, completes visual effects for Bollywood's "Boom" and creates a CGI girl for the film "Boys." Sasken Communication Technologies and Tata Elxsi open sales and development centres in Frankfurt.
• 2005: Tata Elxsi unveils their Chennai centre.
• 2006: Tata Elxsi presents three cutting-edge products—multimedia, IPTV, and DTV technologies—at Booth C9849 at DMS Expo, Japan's premier IT solutions event for the manufacturing industry. Additionally, the company showcases its semiconductor and embedded product design services at Booth 3017.
• 2008: Tata Elxsi will showcase its game services and products at Tokyo Game Show 2008, Booth #6-C8, Makuhari Messe, from October 9th to 12th, 2008. Its Industrial Design Division (IDE) will present innovative global client solutions and unique offerings, focusing on packaging challenges faced by companies worldwide.
• 2010: Tata Elxsi, part of the $70 Billion Tata Group, is a prominent third-party software provider and systems integrator in the wireless infrastructure market. It serves as the Tata Group's embedded product design arm, offering innovative solutions and integration services in this sector.
• 2012: Tata Elxsi offers customised design and engineering services across major transportation segments: Automotive, Aerospace, Marine, and Rail. They specialise in embedded system design and are renowned for their LTE and Mobile WiMAX protocol stacks. Their expertise helps product companies and service providers deliver innovative solutions quickly, gaining a competitive edge.
• 2016: Tata Elxsi Ltd announced its participation in CES 2017 on December 16, 2016, showcasing advanced automotive technology solutions. This demonstrates their commitment to innovation and leadership in the automotive sector.
• 2018: With design tech experience, Tata Elxsi targets the Indian pharmaceutical and medical device industries.
• 2022: NITC partners with Tata Elxsi to advance E-mobility research. Tata Elxsi offers innovative solutions for driverless cars and connected vehicles. Additionally, they collaborate with VodafoneZiggo to drive digitalisation in the telco industry and with Lenovo to deliver innovative XR solutions.
• 2023: Tata Elxsi partners with ATEME for FAST service launch, while ISRO awards Gaganyaan mandate for Crew Module Recovery Models. They win three e4M India Design Excellence Awards, including Gold for Automotive Design. Additionally, they collaborate with IIT-Guwahati to advance EV technologies.

Company profile: Strengths and weaknesses

Strengths

• Tata Elxsi is an almost debt-free organisation
• It has an excellent return on equity or ROE track record till now
• Delivering good profit growth of around 22.4% CAGR over the last 5 years
• Maintaining a healthy Tata Elxsi share dividend history payout of 51.0%

Weaknesses

• Inefficient use of capital to generate profits - RoCE has declined in the last 2 years

The financials

Shareholding pattern of Tata Elxsi Limited

Below is the shareholding pattern of Tata Elxsi Limited:

• Promoters: 44.08%
• FII: 13.15%
• DII: 4.94%
• Public: 37.83%
• Others: 0%

Overall, Tata Elxsi Limited has a healthy mix of promoters, foreign institutions, and mutual funds. This shareholding pattern of the company shows the positive side of the company in both domestic and foreign investors.

Peer comparison