Tata Elxsi Limited is a premier global design and technology services company under the Tata Group, specializing in product engineering, digital transformation, and AI-driven solutions across automotive, media, healthcare, and communications sectors. Headquartered in Bengaluru, it serves over 400 global clients—including 50+ Fortune 500 companies—with deep expertise in electric vehicles (EVs), autonomous driving, broadcast media, and medical devices. As of January 2026, Tata Elxsi maintains a near-debt-free balance sheet, industry-leading return ratios, and strong brand equity—but faces short-term headwinds from cautious enterprise spending. This article provides a data-driven outlook on the Tata Elxsi share price target 2026–2030.
Tata Elxsi: Company Overview
- Founded: 1080
- Managing Director: Mr. Nitin Pai
- NSE Symbol: TATAELXSI
- Core Segments:
- Automotive & Transportation (45%) – EV, ADAS, connected car software
- Media & Broadcasting (25%) – OTT platforms, UI/UX design
- Healthcare & Life Sciences (15%) – medical imaging, digital health
- Communications & Technology (15%) – 5G, cloud, AI
- Market Position: Among India’s top 3 IT services firms by ROE; key partner to global OEMs like Bosch, Siemens, and Disney
Tata Elxsi is at the forefront of India’s “engineering-led” tech exports, with over 90% revenue from international markets.
Tata Elxsi: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹5,560 |
| Market Capitalization | ₹34,657.32 Cr |
| No. of Shares Outstanding | 6.23 Cr |
| 52-Week High / Low | ₹9,083 / ₹4,601 |
| P/E Ratio (TTM) | 59.70 |
| P/B Ratio | 12.33 |
| EPS (TTM) | ₹93.18 |
| Book Value (TTM) | ₹451.32 |
| ROE | 29.45% |
| ROCE | 39.09% |
| Dividend Yield | 1.35% |
| Face Value | ₹10 |
| Cash | ₹1,606.39 Cr |
| Debt | ₹0 Cr |
| Promoter Holding | 43.90% |
| Sales Growth (YoY) | 4.98% |
| Profit Growth (YoY) | –0.92% |
Note on Negative Profit Growth: FY2025 saw a marginal 0.92% profit dip due to higher wage costs and project ramp-up delays—not loss of business. Underlying demand remains strong.
Tata Elxsi Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹5,850 – ₹6,400 |
| 2027 | ₹6,200 – ₹6,900 |
| 2028 | ₹6,550 – ₹7,500 |
| 2029 | ₹6,900 – ₹8,200 |
| 2030 | ₹7,250 – ₹8,900 |
Tata Elxsi Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹5,850 | ₹6,400 |
Tata Elxsi reported a slight 0.92% YoY decline in profit in FY2025, but its ROCE of 39.09% and zero debt reflect exceptional capital efficiency. Trading at a P/E of 59.7x and P/B of 12.33x, the stock commands a premium for its niche leadership in high-value engineering services. A 2026 target range of ₹5,850–₹6,400 assumes recovery in deal execution and stable margins.
Tata Elxsi Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹6,200 | ₹6,900 |
If the company sustains 8–10% earnings growth and benefits from EV and media platform expansion, EPS could reach ₹98–₹102 by FY27. Assuming a P/E of 60–62x, the 2027 target range is justified.
Tata Elxsi Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹6,550 | ₹7,500 |
By 2028, benefits from AI-augmented engineering and global R&D outsourcing should reflect in pricing power. A P/E of 62–64x on projected EPS of ₹102–₹108 supports the ₹6,550–₹7,500 band.
Tata Elxsi Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹6,900 | ₹8,200 |
Long-term tailwinds include global shift toward outsourced engineering, India’s PLI for electronics, and rising EV adoption. If competition doesn’t erode margins, EPS could reach ₹108–₹115 by FY29. At a P/E of 63–65x, the 2029 target is ₹6,900–₹8,200.
Tata Elxsi Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹7,250 | ₹8,900 |
Over a five-year horizon, Tata Elxsi remains a high-quality compounder—not a value stock. A terminal P/E of 65–67x on FY30 EPS (~₹110–₹118) justifies the ₹7,250–₹8,900 range.
Tata Elxsi: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Tata Sons) | 43.90% |
| Public & Retail | 33.19% |
| Foreign Institutional Investors (FII) | 12.53% |
| Domestic Institutional Investors (DII) | 10.38% |
High retail holding reflects strong investor interest. Institutional ownership (22.91%) ensures liquidity.
Tata Elxsi: Strengths vs Risks
Strengths:
- Zero debt and ₹1,606 Cr cash provide unmatched flexibility
- Industry-leading ROCE (39.09%) and ROE (29.45%)
- Strategic positioning in EV, media, and healthcare tech
- Consistent dividend payer (1.35% yield + 55%+ payout)
Risks:
- Extremely high P/E leaves little room for execution misses
- Exposure to global tech spending cycles
- Small float (6.23 Cr shares) increases volatility
- Contingent liabilities of ₹1,200 Cr require monitoring
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 5+ years |
| Volatility | Higher than market average (Beta: 1.4) |
| Dividend/Income Potential | Moderate (1.35% yield) |
| Best For | Growth investors seeking exposure to India’s engineering-led tech exports |
FAQs
Is Tata Elxsi a good stock to buy?
Yes—for long-term portfolios focused on niche engineering and design services. Avoid if you seek low-valuation or high-dividend stocks.
How many times did Tata Elxsi share split?
Tata Elxsi has never split its shares. The face value has remained ₹10 since listing.
What will be the future of Tata Elxsi?
The future is bright: as global OEMs outsource R&D to cut costs, Tata Elxsi’s expertise in EV software, broadcast UX, and medtech positions it as a strategic partner. Long-term success depends on talent retention and margin discipline.
What is the main business of Tata Elxsi?
Tata Elxsi designs and engineers digital products and experiences—from EV dashboards and autonomous driving systems to OTT platforms (like Disney+ Hotstar) and medical imaging software.
Final Verdict
Tata Elxsi is a world-class engineering services firm with fortress finances and unmatched return ratios. While not cheap, its premium valuation is backed by sustainable competitive advantages.
Our Tata Elxsi share price target 2026–2030 (₹5,850 to ₹8,900) reflects steady earnings growth, multiple stability, and sustained investor confidence. Upside is limited by valuation; downside is cushioned by cash reserves and global client stickiness.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener – Tata Elxsi Consolidated Page (FY2025 + TTM)
- Finology Ticker – TATAELXSI Financials & Analysis
- Groww – Tata Elxsi Stock Profile
- Tata Elxsi Investor Presentation (Q3 FY26, Jan 2026)
- NASSCOM Engineering & R&D Services Report 2025
