IT stocks · Mid cap · NSE
Tata Elxsi is a global provider of design and technology services across Transportation, Media, Communications, and Healthcare & Medical Devices. It offers integrated services from research to deployment, leveraging digital technologies like IoT, Cloud, Mobility, VR, and AI to help clients reimagine products and services.
SMA20 -6.9% / mo · RSI overbought · MACD + · sector +19.3pp vs Nifty 500 (3M)
Latest mapped FPI equity flow was not positive. View sector evidence
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Adjusted completed-session prices, rebased to 100
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Revenue +15.0% · PAT +9.9% YoY
Price trend and sector-relative-strength timing.
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Financial-only signal; management claim evidence is not sufficient yet.
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Rev +15% YoY · PAT +10% YoY · margin expansion
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,055.7 Cr | +15.0% | +3.4% |
| EBITDA | ₹231.4 Cr | +19.9% | +7.1% |
| Operating margin | 21.9% | +92 bps | +77 bps |
| PAT | ₹170.3 Cr | +9.9% | -0.2% |
| PAT margin | 16.1% | -75 bps | -58 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Updated 20/10/2026
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Trend is weak — long-term trend down. RSI 71.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
U-Score 50 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Top U-Score contributors and drags from the latest stored fundamentals.
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
12 stored score snapshots. Latest stored move: +0 points.
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Growth engines, risks, management commitments and evidence-backed delivery
Q1 FY27 revenue crosses Rs. 1,000 Cr, up 14.5% YoY, driven by strong deal execution. PAT grew 18.2% YoY but declined 22.6% QoQ, with EBITDA margin contracting to 21.2% from 24.6% QoQ.
While YoY revenue growth remains healthy, significant QoQ declines in PBT and PAT, coupled with margin contraction, indicate pressure from ongoing investments in AI and talent. Management's focus on future-proofing with AI is strategic, but its impact on near-term profitability needs close monitoring.
Latest issuer-disclosed distribution across 4 reported categories.
Driven by accelerated OEM engagements and strategic wins in off-road and aerospace segments.
Continued ramp-up of key engagements and expanded programs with global operators, broadcasters, and device OEMs.
Increasing relevance of capabilities in chosen industries, enhancing customer value creation.
Aided strong QoQ growth in Media and Communications through strategic long-term deals and ramp-ups.
Scaling offerings to help Auto OEMs pivot to connected, multi-powertrain, and AI-powered mobility.
FY27 is a year of future focus, preparing for a world reshaped by AI with targeted investments.
Launched AnaTel for healthcare software development and ViTel for Med-Tech material intelligence, co-developed with partners.
Healthcare and Life Science grew 1.7% QoQ amidst a muted industry environment.
Targeted investments in specialized talent, AI platforms, tools, and infrastructure are being made, impacting current margins.
Attrition increased to 16.0% in Q1FY27 from 15.8% in Q4FY26.
Failure to effectively execute on significant investments in AI platforms and talent could hinder future growth and profitability.
Top 5 clients contribute 49.2% and Top 10 clients contribute 59.7% of revenue, posing concentration risk.
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
YoY comparison provides a clear view of underlying business growth and market traction, especially in a services business. QoQ is critical for assessing sequential momentum, the immediate impact of operational decisions, and the trajectory of margins and profitability in an IT services context.
Rs. 1,021.1 Cr, 2.8% QoQ, 14.5% YoY
1.3% QoQ, 6.5% YoY
21.2% (Q1FY27) vs 24.6% (Q4FY26) vs 20.9% (Q1FY26)
Rs. 170.6 Cr, -22.6% QoQ, 18.2% YoY
FY27 marks a year of future focus, preparing and equipping the company for a world reshaped by AI.
Making targeted investments in specialized talent, AI-powered platforms, tools, and infrastructure to pivot to a Domain + AI future.
Focussed on sustainable growth, deepening customer engagements, winning strategic long-term deals, and protecting/improving industry-leading margins.
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| EBITDA Margin | 21.2% | Stabilization or improvement in margins, indicating effective absorption of AI investments and operational efficiencies. |
| Headcount Growth | 11,336 (Q1FY27, declined QoQ) | Resumption of headcount growth, signaling strong demand and successful talent acquisition for new AI-led initiatives. |
| Attrition Rate | 16.0% | Reduction in attrition, indicating improved talent retention amidst competitive market conditions and internal investments. |
| Healthcare & Life Sciences Growth | 1.7% QoQ | Acceleration in growth for this segment, indicating recovery from the muted industry environment and traction for new AI-native platforms. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
A 50 M Euro multi-year SDV and software engineering deal with a European Automotive leader will ramp up in Q1’26 and beyond.
"that will ramp up in Q1’26 and beyond"
A 50 M Euro multi-year SDV and software engineering deal with a European Automotive leader will ramp up in Q1’26 and beyond.
"that will ramp up in Q1’26 and beyond"
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 94th percentile of the scored universe and 89th percentile within IT. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
overall median 67 · IT: 89th pctile, median 69 · Mid: 81st pctile, median 76
93 documents have extracted text, but claim history is not strong enough yet.
1 claims extracted · No contradicted claim yet
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Latest exchange and company disclosures found within the past two years.
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