Tata Elxsi, a subsidiary of the Tata Group, has established itself as a key player in the automotive technology industry. In the past three years, the company’s stock price has experienced a remarkable increase, surging by 1000%.
This has piqued the interest of many investors who are curious about whether Tata Elxsi is a wise investment choice and what the future holds for the company’s share price. One individual who holds an optimistic view on Tata Elxsi is Saurabh Mukherjea, the founder of Marcellus Investment Managers, who has added the stock to his “Rising Giants” portfolio, highlighting the company’s potential.
To provide an overview of Tata Elxsi’s investment potential, this article will examine the company’s recent performance, growth prospects, as well as wider trends in the auto sector.
We will also examine the various factors that could impact the company’s share price target between 2023 and 2030.
Stock history of Tata Elxsi
Tata Elxsi’s stock has had a varied trajectory over the years, characterized by fluctuations and growth. During the early years of the company’s existence, the stock traded at a relatively low price, with limited price movements due to the company being in its early growth stages and not yet established as a major player in the technology industry. However, in the early 2000s, Tata Elxsi began to gain momentum and establish itself as a significant technology player, resulting in increased demand for its shares. In 2003, the company’s stock price reached an all-time high of INR 500 per share, propelled by robust growth in the technology sector and the company’s impressive financial performance.
Over the years, the company’s stock price has continued to fluctuate in response to changes in the broader economic environment and the company’s internal developments, but it has generally trended upwards. Investors have recognized the company’s potential for growth and innovation, given its strong focus on research and development and its ability to stay ahead in the fiercely competitive technology industry.
As mentioned earlier, the stock has witnessed significant growth in recent years, increasing by a whopping 1000% in just three years, contributing to its emergence as a leading technology company in India. Therefore, the history of Tata Elxsi’s stock is a reflection of the company’s transformation from a small player to a leading technology company in India.
Latest news about Tata Elxsi
➤ Saurabh Mukherjea has added the Tata stock, which has soared 1000% in the last three years, to his “Rising Giants” portfolio.
How to buy Tata Elxsi shares?
You can buy Tata Elxsi shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Tata Elxsi: 2023 to 2030
Share Price Target 2023 of Tata Elxsi
| When | Maximum Price | Minimum Price |
| February 2023 | ₹6,697.85 | ₹5,152.19 |
| March 2023 | ₹5,023.39 | ₹3,864.14 |
| April 2023 | ₹5,525.73 | ₹4,250.56 |
| May 2023 | ₹4,604.77 | ₹3,542.13 |
| June 2023 | ₹5,525.73 | ₹4,250.56 |
| July 2023 | ₹6,630.87 | ₹5,100.67 |
| August 2023 | ₹7,293.96 | ₹5,610.74 |
| September 2023 | ₹7,658.66 | ₹5,891.27 |
| October 2023 | ₹7,293.96 | ₹5,610.74 |
| November 2023 | ₹8,023.35 | ₹6,171.81 |
| December 2023 | ₹8,986.16 | ₹6,912.43 |
Tata Elxsi share price is predicted to fluctuate in 2023, with the maximum price ranging from ₹6,697.85 in February to ₹8,986.16 in December, and the minimum price ranging from ₹3,542.13 in May to ₹6,912.43 in December. The growth percentage over the year appears to be generally bullish, with an overall uptrend in the stock price predicted.
The table indicates that the future of Tata Elxsi’s stock price remains promising, with the company expected to continue on its upward trajectory. However, investors should exercise caution and do their own research before making any investment decisions, as stock prices can be volatile and subject to unexpected changes.
Tata Elxsi Share Price Target 2024
| When | Maximum Price | Minimum Price |
| January 2024 | ₹9,459.11 | ₹7,276.24 |
| February 2024 | ₹10,628.22 | ₹8,856.85 |
| March 2024 | ₹11,187.60 | ₹9,095.61 |
| April 2024 | ₹10,170.54 | ₹7,823.49 |
| May 2024 | ₹8,475.45 | ₹6,519.58 |
| June 2024 | ₹10,170.54 | ₹7,823.49 |
| July 2024 | ₹8,644.96 | ₹6,701.52 |
| August 2024 | ₹9,509.46 | ₹7,547.19 |
| September 2024 | ₹9,984.93 | ₹7,680.72 |
| October 2024 | ₹11,746.98 | ₹9,036.14 |
| November 2024 | ₹12,334.32 | ₹9,487.94 |
| December 2024 | ₹12,581.01 | ₹9,677.70 |
It seems that the projected Tata Elxsi share price target for 2024 remains on an upward trend. The predicted maximum price ranges from ₹9,459.11 in January to ₹12,581.01 in December, while the predicted minimum price ranges from ₹6,519.58 in May to ₹9,095.61 in March. These numbers indicate a potential growth percentage in the bullish direction over the course of the year, with a few fluctuations in between.
Of course, investors should keep in mind that stock price predictions are just that – predictions. However, based on the data provided, it appears that Tata Elxsi may continue to see growth in the coming year, with potential for significant gains for investors who choose to buy in at the right time.
Share Price Target 2025 of Tata Elxsi
| When | Maximum Price | Minimum Price |
| January 2025 | ₹12,832.63 | ₹9,871.26 |
| February 2025 | ₹13,508.03 | ₹10,390.79 |
| March 2025 | ₹14,183.44 | ₹10,910.33 |
| April 2025 | ₹12,663.78 | ₹9,741.37 |
| May 2025 | ₹11,512.53 | ₹8,855.79 |
| June 2025 | ₹12,663.78 | ₹9,741.37 |
| July 2025 | ₹12,060.74 | ₹9,277.50 |
| August 2025 | ₹12,563.28 | ₹9,664.06 |
| September 2025 | ₹13,191.44 | ₹10,147.26 |
| October 2025 | ₹13,982.93 | ₹10,756.10 |
| November 2025 | ₹14,961.73 | ₹11,509.02 |
| December 2025 | ₹15,260.96 | ₹11,739.20 |
The maximum and minimum share price target for January 2025 is ₹12,832.63 and ₹9,871.26 respectively. As per the data provided, the maximum share price target for 2025 is ₹15,260.96 and the minimum share price target is ₹8,855.79.
It can be observed that the projected maximum price shows an upward trend and an increase in share price over the previous years. This indicates a bullish trend and a positive growth percentage for the company. However, the minimum price target suggests some volatility in the share price.
Tata Elxsi Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹10,682.68 | ₹7,477.87 |
| 2027 | ₹9,080.27 | ₹6,356.19 |
| 2028 | ₹16,344.49 | ₹11,441.15 |
| 2029 | ₹33,574.12 | ₹23,501.89 |
| 2030 | ₹37,389.36 | ₹26,172.55 |
Tata Elxsi’s share price is expected to be volatile in the coming years. In 2023, the maximum and minimum prices are predicted to be ₹8,986.16 and ₹3,542.13 respectively, showing a potential growth percentage of 155.9% for that year.
In 2024, the maximum and minimum prices are expected to reach ₹12,581.01 and ₹7,276.24 respectively, indicating a bullish uptrend for the year. The year 2025 is expected to see a continued uptrend, with the maximum and minimum prices forecasted to be ₹15,260.96 and ₹9,741.37 respectively.
However, the year 2026 is expected to see a decline in share prices, with the maximum and minimum prices predicted to be ₹10,682.68 and ₹7,477.87 respectively. The trend is expected to continue in 2027, with the maximum and minimum prices forecasted to be ₹9,080.27 and ₹6,356.19 respectively.
The year 2028 is expected to see a reversal in trend, with the maximum and minimum prices predicted to be ₹16,344.49 and ₹11,441.15, respectively, indicating a potential growth percentage of 80.5%. In 2029, the maximum and minimum prices are forecasted to reach ₹33,574.12 and ₹23,501.89, respectively, showing a significant uptrend for the year.
The year 2030 is expected to continue this bullish trend, with the maximum and minimum prices forecasted to be ₹37,389.36 and ₹26,172.55, respectively. However, it’s important to note that these predictions are based on various factors and may not always be accurate.
Financial Condition of Tata Elxsi: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 1,386.30 | 1,596.93 | 1,609.86 | 1,826.16 | 2,470.80 |
| Expenses | 1,039.49 | 1,180.85 | 1,265.61 | 1,302.63 | 1,704.04 |
| Operating Profit | 346.81 | 416.08 | 344.25 | 523.53 | 766.76 |
| Other Income | 43.25 | 43.46 | 58.41 | 39.77 | 44.53 |
| Depreciation | 25.35 | 25.10 | 43.41 | 44.38 | 55.34 |
| Interest | 0.80 | 1.04 | 6.81 | 7.05 | 10.47 |
| Profit before tax | 363.91 | 433.40 | 352.44 | 511.87 | 745.48 |
| Tax | 123.87 | 143.43 | 96.34 | 143.74 | 195.82 |
| Net profit | 240.04 | 289.97 | 256.10 | 368.12 | 549.67 |
| EPS | 38.53 | 46.54 | 41.11 | 59.09 | 88.23 |
| Price to earning | 25.57 | 20.69 | 15.30 | 45.57 | 100.19 |
| Price | 985.35 | 963.10 | 629.10 | 2,692.90 | 8,840.15 |
| RATIOS: | |||||
| Dividend Payout | 28.54% | 29.00% | 40.12% | 81.21% | 48.15% |
| OPM | 25.02% | 26.05% | 21.38% | 28.67% | 31.03% |
Tata Elxsi, a leading design and technology services provider, has shown strong growth over the past five years, as seen in its financial statements. The company’s revenue has steadily increased from INR 1,386.30 crore in March 2018 to INR 2,470.80 crore in March 2022, marking a significant growth of around 78% over the period.
Similarly, the company’s net profit has shown a steady growth trend, increasing from INR 240.04 crore in March 2018 to INR 549.67 crore in March 2022, marking an overall growth of around 129%.
The company’s earnings per share (EPS) have also shown a significant increase, rising from INR 38.53 in March 2018 to INR 88.23 in March 2022, indicating a positive outlook for investors. However, the price-to-earning (P/E) ratio has also shown a significant increase, peaking at 100.19 in March 2022, which may indicate that the stock is overvalued.
The company has maintained a healthy dividend payout, with a range of 28.54% to 81.21% over the past five years. The operating profit margin (OPM) has also remained stable, ranging from 21.38% to 31.03% over the past five years.
Tata Elxsi’s financial statements show a positive overall trend, with significant percentage growth in revenue and net profit over the past five years. The company has also maintained a stable OPM and dividend payout ratio. However, investors should note the high P/E ratio, which may suggest that the stock is currently overvalued.
Tata Elxsi share price target by Experts
Tata Elxsi share price target by Chandan Taparia
Chandan Taparia of Motilal Oswal has given a recommendation to purchase shares of Tata Elxsi with a projected price of Rs 9725. [August, 2022]
Tata Elxsi share price target by Sharekhan
Sharekhan recommends purchasing Tata Elxsi and has set a target price of Rs 7200. [01-Feb-2023]
FAQS
Will the share price of Tata Elxsi increase in 2023?
It is anticipated that Tata Elxsi per share price will increase to ₹8,986.16 by the end of 2023.
What is Tata Elxsi’s 2025 share price target?
The share price target of Tata Elxsi for 2025 might be around Rs. 15,260.96.
Can Tata Elxsi touch 15,000 INR by 2025?
Yes, according to our analysis, Tata Elxsi can reach 15,000 INR by 2025.
What is Tata Elxsi’s share price target for 2030?
The share price of Tata Elxsi might reach around ₹37,389 by the end of 2030.
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Conclusion: Should you invest in Tata Elxsi in 2023?
Based on the analysis of Tata Elxsi’s financial statements for the last five years, it is evident that the company has been consistently growing its revenue and profits, which is a positive sign for investors. Additionally, the company’s profit after tax (PAT) has also seen significant growth over the years, indicating good financial health.
The company has set ambitious share price targets for the coming years, with a projection of a maximum of ₹37,389.36 and a minimum of ₹6,356.19 in 2030. Considering the company’s financial performance, growth prospects, and ambitious targets, it may be a good investment opportunity for long-term investors.
However, as with any investment, it is essential to conduct thorough research and analysis before making a decision. It is also important to keep in mind that stock prices can be volatile and subject to market fluctuations, and investors must have a long-term investment horizon and risk tolerance to reap potential benefits.
