Tata Technologies Limited is a subsidiary of Tata Motors Company Limited providing Information technology products and solutions. The company offers engineering, research and development, product life cycle management, enterprise solutions, and connected enterprise IT services to the automotive, aerospace, and industrial manufacturers worldwide.
The firm has a workforce of 9300 employees worldwide and serving clients from facilities in North America, Europe and Asia-Pacific with 18 global delivery centres.
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The company has shown the Revenue growth of 47% from FY21 to FY22 and Net Profit growth of 74% for the same period.
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The company has competition with Tata Elxsi and KPIT technologies which is trading at the TTM PE of 62 times and 59 times.
Tata Technologies Limited IPO Shareholding Pattern:
| S. No. | Name of the Shareholder | No. of Equity Shares
held |
Percentage of the paid
Up equity share capital (%) |
| 1. | Tata Motors Limited | 30,300,600 | 74.94% |
| 2. | Other Entities of the Promoter Group | 7,469,748 | 17.87% |
| 3. | Directors | 132,000 | 0.32% |
| 4. | Employees / Associates / Others | 3,871,276 | 9.26% |
| 5. | IEPF account | 33,351 | 0.08% |
| Total | 125,580,400 | 100.00% |
Tata Technologies Limited IPO Financial Analysis:
| Particulars | FY-22(in cr.) | FY-21(in cr.) | YoY |
| Revenue from Operations | 3529.57 | 2380.91 | 48.2% |
| Other Income | 48.80 | 44.83 | 8.9% |
| Purchases of technology solutions | 688.54 | 338.30 | 99+% |
| Outsourcing and consultancy charges | 399.80 | 241.43 | 65.6% |
| Employee Cost | 1512.70 | 1216.01 | 24.4% |
| Other expenses | 282.89 | 199.46 | 41.8% |
| EBITDA | 694.44 | 430.54 | 61.3% |
| EBITDA margin% | 19.67% | 18.08% | |
| Depreciation | 85.71 | 92.20 | -7.0% |
| Interest | 21.90 | 17.66 | 24.0% |
| Exceptional Items | 0.00 | 5.41 | -100.0% |
| Profit / (loss) before tax | 586.83 | 315.27 | 86.1% |
| Total tax | 149.86 | 76.09 | 97.0% |
| Profit / (loss) After tax | 436.97 | 239.18 | 82.7% |
| Profit / (loss) After tax margin% | 12.38% | 10.05% |