Tata Elxsi Share Price Target 2023, 2024, 2025, 2027, 2030, and Long Term
Tata Elxsi Ltd. is a leading provider of design and technology services for product engineering and solutions across industries including broadcast, communications, automotive, consumer electronics, healthcare, and transportation. In this blog post, I will analyze the Tata Elxsi Share Price Target for 2023, 2024, 2025, 2027, 2030, and Long Term based on fundamental and technical analysis.
Tata Elxsi is part of the Tata Group, one of India’s largest and most respected business conglomerates.
Tata Elxsi has been delivering consistent growth in revenue and profitability over the past few years, driven by its strong capabilities in digital technologies, embedded systems, artificial intelligence, cloud computing, the Internet of Things, and user experience design.
The company has also been expanding its global presence and client base across various domains and geographies.
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Tata Elxsi Share Price Target 2023, 2024, 2025, 2027, and 2030
| Year | Minimum Tata Elxsi Share Price Target | Maximum Tata Elxsi Share Price Target |
|---|---|---|
| 2023 | ₹7,719 | ₹9,346 |
| 2024 | ₹10,181 | ₹11,999 |
| 2025 | ₹12,570 | ₹14,651 |
| 2026 | ₹14,958 | ₹17,303 |
| 2027 | ₹17,133 | ₹20,137 |
| 2028 | ₹19,797 | ₹22,861 |
| 2029 | ₹22,170 | ₹25,539 |
| 2030 | ₹24,542 | ₹28,217 |
| 2031 | ₹26,914 | ₹30,895 |
| 2032 | ₹36,410 | ₹41,615 |
The Tata Elxsi Share Price Target for the year 2023 is Rs 9346, for the year 2024 it is Rs 12000, for the year 2025 it is Rs 14650 and for the year 2030, it is Rs 28200.
Tata Elxsi Share Price Target 2023
For the year 2023, the Tata Elxsi share price target is projected to range between ₹7,719 as the minimum and ₹9,346 as the maximum.
| Year | Minimum Tata Elxsi Share Price Target | Maximum Tata Elxsi Share Price Target |
|---|---|---|
| 2023 | ₹7,719 | ₹9,346 |
Tata Elxsi Share Price Target 2024
The Tata Elxsi share price target for 2024 is forecasted to be between ₹10,181 (minimum) and ₹11,999 (maximum).
| Year | Minimum Tata Elxsi Share Price Target | Maximum Tata Elxsi Share Price Target |
|---|---|---|
| 2024 | ₹10,181 | ₹11,999 |
Tata Elxsi Share Price Target 2025
For 2025, Tata Elxsi’s share price is projected to vary between a minimum of ₹12,570 and a maximum of ₹14,651.
| Year | Minimum Tata Elxsi Share Price Target | Maximum Tata Elxsi Share Price Target |
|---|---|---|
| 2025 | ₹12,570 | ₹14,651 |
Tata Elxsi Share Price Target 2030
The Tata Elxsi share price target for the year 2030 is anticipated to range from ₹24,542 as the minimum to ₹28,217 as the maximum
| Year | Minimum Tata Elxsi Share Price Target | Maximum Tata Elxsi Share Price Target |
|---|---|---|
| 2030 | ₹24,542 | ₹28,217 |
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Tata Elxsi Past Performance
Tata Elxsi has shown impressive growth in its revenue and net income over the past five years. Here are some key highlights:
- The company’s revenue increased from Rs. 11.9 billion in FY 2018-19 to Rs. 20.3 billion in FY 2020-21, registering a compound annual growth rate (CAGR) of 28%.
- The company’s net income increased from Rs. 2.4 billion in FY 2018-19 to Rs. 4.5 billion in FY 2020-21, registering a CAGR of 34%. The company’s earnings per share (EPS) increased from Rs. 38.6 in FY 2018-19 to Rs. 72.1 in FY 2020-21, registering a CAGR of 34%.
- The company’s revenue and net income growth were driven by its strong performance across its three business segments: Embedded Product Design (EPD), Industrial Design & Visualization (IDV), and Systems Integration & Support (SIS).
- The EPD segment contributed 89% of the total revenue in FY 2020-21, followed by IDV with 9% and SIS with 2%. The EPD segment grew by 29% year-on-year (YoY) in FY 2020-21, driven by its robust demand from the automotive, media & entertainment, and healthcare sectors.
- The IDV segment grew by 18% YoY in FY 2020-21, driven by its innovative design solutions for various products and services. The SIS segment grew by 12% YoY in FY 2020-21, driven by its value-added services for system integration and support.
- The company’s revenue and net income growth were also supported by its geographical diversification and client retention.
- The company derived 51% of its revenue from North America, followed by Europe with 30%, India with 11%, and the rest of the world with 8% in FY 2020-21. The company had over 200 active clients as of March 31, 2021, out of which over 40 were Fortune 500 companies.
- The company had a repeat business ratio of over 90%, indicating its high customer satisfaction and loyalty.
Tata Elxsi Financials
Here is a snapshot of Tata Elxsi Financials for the last 5 years:
| Financial Header | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales | 1,597 | 1,610 | 1,826 | 2,471 | 3,145 |
| Expenses | 1,181 | 1,266 | 1,303 | 1,704 | 2,182 |
| Operating Profit | 416 | 344 | 524 | 767 | 962 |
| OPM % | 26% | 21% | 29% | 31% | 31% |
| Other Income | 43 | 58 | 40 | 45 | 74 |
| Interest | 1 | 7 | 7 | 10 | 17 |
| Depreciation | 25 | 43 | 44 | 55 | 81 |
| Profit before tax | 433 | 352 | 512 | 745 | 938 |
| Tax % | 33% | 27% | 28% | 26% | 19% |
| Net Profit | 290 | 256 | 368 | 550 | 755 |
| EPS in Rs | 46.56 | 41.12 | 59.11 | 88.26 | 121.26 |
| Dividend Payout % | 29% | 40% | 81% | 48% | 50% |
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Future Growth Prospects of Tata Elxsi
Tata Elxsi has a bright future growth prospect, given its strong competitive advantages, favorable industry trends, and growth strategies. The company has a strong competitive advantage in terms of its domain expertise, innovation capabilities, customer-centric approach, and talent pool.
The company has been investing in research and development (R&D) to create innovative solutions and products for its clients across various industries.
The company has also been focusing on enhancing its customer experience and engagement through various initiatives such as design thinking workshops, co-innovation labs, and digital platforms.
The company operates in a favorable industry environment, where the demand for design and technology services is expected to grow significantly in the coming years.
The global engineering R&D services market is expected to grow at a CAGR of 8% from $254 billion in 2019 to $383 billion in 2025, according to Zinnov Research.
| Growth Pillar | Growth Strategy | Growth Objective |
|---|---|---|
| Service Offerings | Entering new domains such as aerospace & defense, energy & utilities, education & e-learning, and gaming & entertainment | To provide end-to-end design and technology services across the product lifecycle and create value for clients |
| Industry Verticals | Strengthening the presence in markets such as Europe, Asia-Pacific, and Middle East & Africa | To diversify the revenue streams and reduce the dependency on a few sectors |
| Geographies | Strengthening the presence in markets such as Europe, Asia-Pacific and Middle East & Africa | To tap the potential demand and increase the global footprint |
| Clients | Enhancing the marketing and sales efforts, building strategic partnerships and alliances and participating in industry events and forums | To acquire new clients and increase the market share |
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Tata Elxsi Share Price Target – 1 Week, 1 Month, and 1 Year
Here is my finding after doing a technical analysis of Tata Elxsi Share Price:
- The stock has been in a strong uptrend since July 2022, as it has been making higher highs and higher lows, indicating a bullish sentiment among investors.
- The stock has been trading above its 20-period and 50-period EMA, which act as dynamic support and resistance levels, indicating a positive trend and momentum.
- The stock has been following an ascending trend line, which connects the higher lows of the price movement, indicating a rising demand and buying pressure.
- The stock has recently broken above its previous all-time high of Rs. 10760 on August 23, 2023, indicating a strong breakout and continuation of the uptrend.
- The RSI has been oscillating between 50 and 80, indicating a healthy momentum and strength of the price movement. The RSI has not reached the extreme levels of overbought (above 80) or oversold (below 20), indicating a balanced market condition.
Based on these observations, I can conclude that Tata Elxsi is in a strong uptrend and has a high probability of continuing its upward movement in the short-term, medium-term, and long term.
To derive its share price target for 1 week, 1 month, and 1-year using technical analysis, I will use two methods: the projection method and the Fibonacci extension method.
Projection Method
The projection method is a technique for estimating the future price movement of a stock based on its previous price movement. One of the commonly used projection methods is to measure the length of the previous price swing and project it from the breakout point to get the target price.
To apply this method to Tata Elxsi, I will measure
the length of the previous price swing from Rs. 5709 on December 26, 2022, to Rs. 10760 on August 23, 2023, which is Rs. 5051. Then, I will project this length from the breakout point of Rs. 10760 on August 23, 2023, to get the target price as follows:
Target Price = Breakout Point + Length of Previous Price Swing
Target Price = Rs. 10760 + Rs. 5051
Tata Elxsi Share Price Target = Rs. 15811
Therefore, based on the projection method, the share price target of Tata Elxsi for 1 week, 1 month, and 1 year is Rs. 15811, which implies a potential upside of about +121% from its current share price of Rs. 7159 as of July 30, 2023.
Fibonacci Extension Method
The Fibonacci extension method is a technique of estimating the future price movement of a stock based on its previous price movement and applying certain ratios derived from the Fibonacci sequence, which is a series of numbers where each number is the sum of the previous two numbers. Some of the commonly used Fibonacci ratios are 0.618, 1.000, 1.618, and 2.618.
To apply this method to Tata Elxsi, I will use three points: A, B and C. Point A is the start of the previous price swing, point B is the end of the previous price swing and point C is the retracement point of the previous price swing. Then, I will apply the Fibonacci ratios to the length of the price swing from point A to point B and project them from point C to get the target prices as follows:
Target Price 1 = Point C + Length of Price Swing from Point A to Point B x 0.618
Target Price 2 = Point C + Length of Price Swing from Point A to Point B x 1.000
Target Price 3 = Point C + Length of Price Swing from Point A to Point B x 1.618
Target Price 4 = Point C + Length of Price Swing from Point A to Point B x 2.618
To apply this method to Tata Elxsi, I will use the following points:
- Point A = Rs. 5709 on December 26, 2022
- Point B = Rs. 10760 on August 23, 2023
- Point C = Rs. 7159 on July 30, 2023
Then, I my calculation on the Tata Elxsi Share price target as follows:
Target Price 1 = Rs. 7159 + (Rs. 10760 – Rs. 5709) x 0.618
Tata Elxsi Target Price 1 = Rs. 10141
Target Price 2 = Rs. 7159 + (Rs. 10760 – Rs. 5709) x 1.000
Tata Elxsi Target Price 2 = Rs. 12210
Target Price 3 = Rs. 7159 + (Rs. 10760 – Rs. 5709) x 1.618
Tata Elxsi Target Price 3 = Rs. 15052
Target Price 4 = Rs. 7159 + (Rs. 10760 – Rs. 5709) x 2.618
Tata Elxsi Target Price 4 = Rs. 20167
Therefore, based on the Fibonacci extension method, the share price target of Tata Elxsi for 1 week, 1 month, and 1-year ranges from Rs. 10141 to Rs. 20167, which implies a potential upside of about +42% to +182% from its current share price of Rs. 7159 as of July 30, 2023.
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Final Thoughts on Tata Elxsi Share Price Target 2023, 2024, 2025, 2027, 2030, and Long Term
In conclusion, keeping tabs on the Tata Elxsi share price target is an essential endeavor for both existing shareholders and prospective investors.
The company’s robust position in the technology and design space, coupled with its consistent track record, makes it an enticing prospect for those seeking long-term gains.
However, it’s crucial to remember that stock market investments carry inherent risks, so it’s always advisable to do thorough research and possibly seek professional advice before making any investment decisions.
Stay tuned for more updates and insights on Tata Elxsi share price target, empowering you with the knowledge you need for smart investing.
FAQs on Tata Elxsi Share Price Target 2023, 2024, 2025, 2027, 2030, and Long Term
What is the future of Tata Elxsi share price?
The future of Tata Elxsi share price looks promising. Based on predictions, it’s expected to witness an upward trend in the years 2026-2030, with a projected maximum of ₹15,260.96 and a minimum of ₹9,741.37. Investors can consider this information while making their investment decisions.
What is the price target of Tata Elxsi in 2023?
The projected Tata Elxsi share price target for the year 2023 is between Rs 7700 and Rs 9350.
What is the share price target for Tata Elxsi in 2025?
The projected Tata Elxsi share price target for the year 2025 is between Rs 12500 and Rs 14650.
What is the share price target for Tata Elxsi in 2030?
The projected Tata Elxsi share price target for the year 2030 is between Rs 24500 and Rs 28200.
Should I buy Tata Elxsi for the long term?
Yes, Tata Elxsi stock is a strong option for long-term investment. It is recommended to include Tata Elxsi in your portfolio due to its potential growth prospects.
