The IT Engineering & Technology services provider and one of the popular TATA Group stock TATA ELXSI reported better than expected Q4 2022 results for quarter ending 31st March 2022 on 20th April 2022. The IT farm has reported 39% increase in Net Profit compared to its previous year quarter four results which beats the market expectations. TATA ELXSI reported 160 Crore net profit in the quarter ended March 2022 (Q4FY22).
TATA ELXSI Q4 2022 Results :
The company’s revenues increased 33% year on year that is compared to previous year March 2021 quarter four (Q4FY21) results and 7% quarter on quarter that is compared to previous December 2021 quarter three (Q3FY22) results.
Download the TATA ELXSI Q4 result PDF file.
Profit before tax (NPBT) increased 36% year on year and 10% quarter on quarter. TATA ELXSI reported 32% operating profit margin which is better than its previous quarters. Its current EPS is 25.69.
The company has also announced a final dividend of Rs.42.50 per share subject to approval of the shareholders in its annual general meeting.
TATA ELXSI has given more than 160% multi-bagger return in the last year which makes it a mid cap to large cap stock with current market capitalization of more than Rs.49000 Crore. It is considered among the future electrical vehicle theme stocks as it provides software designing and technology services to major auto makers. Being a TATA Group company gives it more advantages as TATA MOTORS is the major electrical vehicle player in India capturing more than 70% market share. TATA ELXSI also provides design & technology services to media and healthcare sectors.
Currently the TATA ELXSI share price is at Rs.7903. more than 15% discounted from its 52 week high of Rs.9420. It has given approximately 160% return in the previous one year and 950% return in last five years. The stock is running at a PE (Price to Earnings ratio) of 98 which is higher than the sector PE of 34. The book value per share of TATA ELXSI is Rs.217 with the Price to Book ratio of 37 and the face value of stock is 10.
TATA ELXSI Share Price Chart :
[The chart we have presented here is on Zerodha web platform. We personally use Zerodha & Upstox for investing and trading in Indian stock market.]
If we look at the candlestick chart of TATA ELXSI, the stock generally moves on support of its 50 Days Moving Average. Currently the stock is below its 20 day exponential moving average and taking support at the 50 day moving average. The Relative Strength Index (RSI) is at 46 and becoming stronger. MACD bearish crossover is getting weaker and showing green histogram. So as per the technical analysis the stock is looking stronger and may bounce back from its support level of 7800.
In the last few months due to massive selling of FIIs and instability in global markets, most of the stocks mainly IT stocks are facing heavy selling pressure. But in long run TATA ELXSI could be a good bet considering future demands of technology services, artificial intelligence & electrical vehicle. But in stock market no one can guarantee and predict the market move. Hence we should focus on company business growth and make proper analysis before taking any decision.
Disclaimer : All the information and data provided here are for educational purposes only and not any type of buy or sell recommendation. Please make you own study and analysis or consult your financial advisor before taking any decision.
