Let’s explore TATA Tech share price targets for 2024, 2025 to 2030, basis on fundamental analysis, stock technical analysis, market trends and also consider other experts opinions.
What is TATA Technologies Ltd.?
Tata Technologies Limited, an Indian multinational specializing in product engineering, offers a range of services including engineering and design, product lifecycle management, manufacturing, product development, and IT service management. Catering to automotive, aerospace, and industrial machinery sectors, it operates as a subsidiary of Tata Motors.
With its main base in Pune and regional headquarters in Detroit, Michigan, the company boasts a global workforce exceeding 11,000 employees spread across 18 delivery centers in India, North America, Europe, and the Asia-Pacific region as of 2023.
Company Profile
| Company type | Public Subsidiary |
| Traded as | BSE: 544028 NSE: TATATECH |
| ISIN | INE142M01025 |
| Founded | 1989; 35 years ago |
| Headquarters | Pune, Maharashtra, India |
| CEO | Warren Harris |
| Number of employees | 11,000+ (2024) |
| Parent | Tata Motors (53.39%) |
| Website | www.tatatechnologies.com |
TATA Technologies Ltd. Fundamental Analysis
| MARKET CAP | ₹ 45,092.09 Cr. |
| ENTERPRISE VALUE | ₹ 45,022.20 Cr. |
| NO. OF SHARES | 40.57 Cr. |
| P/E | 184.78 |
| P/B | 40.54 |
| FACE VALUE | ₹ 2 |
| DIV. YIELD | 0.22 % |
| BOOK VALUE (TTM) | ₹ 27.42 |
| CASH | ₹ 69.89 Cr. |
| DEBT | ₹ 0 Cr. |
| PROMOTER HOLDING | 55.39 % |
| EPS (TTM) | ₹ 6.02 |
| SALES GROWTH | 22.04% |
| ROE | 27.08 % |
| ROCE | 38.12% |
| PROFIT GROWTH | 11.67 % |
| Year | TATA Tech Share Price Target 2024 |
|---|---|
| 2024 | ₹1,325–₹1,350 |
The projected share price target for Tata Technologies in 2024 is approximately ₹1325, derived from technical analysis conducted by experts and various software tools.
Despite potential market downtrends anticipated for the year, our analysis indicates this target, though conservative, reflects prevailing market conditions. Rest assured, we’ll continue monitoring and updating our forecasts to align with evolving price trends.
Also Read: HDFC AMC Share Price Target 2024, 2025 to 2030
| Year | TATA Tech Share Price Target 2025 |
|---|---|
| 2025 | ₹1,650–₹1,700 |
The forecast for Tata Technologies’ share price in 2025 is approximately ₹1,650. This prediction is rooted in a long-term perspective, considering the company’s historical performance and trajectory. By analyzing its past performance over the years, we anticipate this upward trend in the share price.
Also Read: HDFC Bank Share Price Target 2024, 2025, 2030, 2040, 2050
| Year | TATA Tech Share Price Target 2024 |
|---|---|
| 2024 | ₹3,800–₹4,000 |
Based on a comprehensive analysis encompassing both technical and fundamental aspects, Tata Technologies’ share price is projected to ₹3,800 by 2030. While slight fluctuations may occur due to market conditions and volatility, there’s a strong possibility for Tata Technologies to emerge as a multi-bagger stock in the future.
Also Read: EPACK Durable Share Price Target 2024, 2025, 2030: A Complete Analysis
Analyzing Tata Technologies Stock: Is it Worth Investing In?
- PE Ratio: Tata Technologies currently boasts a PE ratio of 186.46, suggesting it may be overvalued.
- Share Price: Tata Technologies’ current share price stands at Rs 1,121.65.
- Return on Assets (ROA): Tata Technologies exhibits an ROA of 10.60%, signaling potential challenges for future performance.
- Current Ratio: Tata Technologies maintains a current ratio of 1.36, indicating reasonable stability.
- Return on Equity (ROE): Tata Technologies records an ROE of 27.08%, showcasing solid profitability.
- Debt to Equity Ratio: Tata Technologies displays a D/E ratio of 0, suggesting a low level of debt.
- Sales Growth: Tata Technologies has witnessed a revenue growth of 22.04%, reflecting a fair performance.
- Operating Margin: Tata Technologies boasts an operating margin of 17.15% for the current fiscal year.
- Dividend Yield: Tata Technologies offers a dividend of Rs 2.46, with a yield of 0.22%.
TATA Technologies Ltd. Strengths and Weakness
Strengths
- The company operates virtually debt-free.
- It boasts an impressive cash conversion ratio of 142.04.
Weakness
- Over the past three years, the company has shown a negative profit growth of -5.80%.
Is TATA Technologies a good buy?
As a global player in product engineering and digital services, Tata Technologies demonstrated resilience, posting a profit growth of 14.7 per cent year-on-year (YoY). Its revenue from operations also saw a modest uptick, reaching Rs 1,289.45 crore, up 1.59 per cent from the previous quarter and significantly higher than the figure reported a year ago.
The company’s basic earnings per share (EPS) for the quarter improved to Rs 4.20, reflecting steady progress. Additionally, Tata Technologies’ operating EBITDA stood at Rs 236.6 crore, with an operating EBITDA margin of 18.3 per cent, indicating operational efficiency gains.
In terms of international operations, total operating revenue witnessed a positive trajectory, with a 0.9 per cent QoQ increase and an impressive 13.4 per cent YoY rise in US dollar terms.
Looking ahead, JM Financial maintains a bullish stance on Tata Technologies, projecting a target price of Rs 1,325- Rs 1,350, which suggests a promising 19.7 per cent upside potential from current levels. The brokerage highlights Tata Technologies’ strategic position in leveraging the burgeoning electrification trend in the automotive sector, along with recent partnerships with industry giants like Intel and ARM, signaling promising avenues for growth, particularly in the self-driving vehicles (SDV) segment.
Tata Technologies market trends showcase its resilience and potential for sustained growth, positioning it as an intriguing prospect for investors eyeing long-term opportunities in the dynamic technology sector.
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FAQs
Does Tata Technologies Pay Dividends?
Yes, Tata Technologies does pay dividends, but the current dividend yield is 0.22%. It is very low.
Is Tata Technologies under Tata Group?
Yes, Tata Technologies has Tata Group roots. Founded as a Tata Motors unit, it’s now an independent company (IPO in Nov 2023) but maintains a connection to the Tata Group legacy.
Expected to reach INR. 1,325 to INR. 1,350 at the end of 2024.
Will Tata Technologies get listed?
Tata Technologies already got listed on the stock exchanges in November 2023. Their Initial Public Offering (IPO) was successful, and the company is currently trading on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).
