|Stock Name : TATA ELEXI LIMITED||Buy : 4715||Posted Date : AUG 17, 2021|
|Stopless : 4661||Target : 4901|
Overview: Tata Elxsi commenced its business on 5th May 1989 in Bangalore to develop and promote applications of electronics, embedded systems, and software.
About the company: Tata Elxsi provides technology consulting, new product design, development,and testing services. Tata Elxsi also provides solutions and services for emerging technologies such as IoT (Internet of Things), Big Data Analytics, Cloud, Mobility, Virtual Reality and Artificial Intelligence.
Tata Elxsi is amongst the world’s leading providers of design and technology services for product engineering and solutions. The company has been investing in key digital technologies over the past few years through Centers of Excellence in areas such as AI and Analytics, IoT and Automation,which have helped enhance the service portfolio, not only for existing customers but also to win new customers across the world.
Portugal based entertainment & communication provider, NOS, collaborated with Tata Elxsi to launch a Digital Centre of Excellence (CoE). This center will focus on digital transformation initiatives that are geared to deliver next-generation.
Tata Elxsi partnered with Airtel to deliver an engaging digital platform for customers with an innovative hybrid DTH set-top-box – ‘Internet TV’ which brings together the best of online content and linear TV on one platform, bridging the gap between online and offline world for TV users.
Management: Mr. N. Ganapathy Subramaniam is the Chairman and Mr. Manoj Raghavan is the CEO & Managing Director.
● Promoters: 44.53%
● Foreign Institutions: 12.07%
● N Banks Mutual Funds: 3.99%
● Others: 5.86%
● General Public: 32.22%
● Financial Institutions: 1.33%
Dividend: Tata Elxsi has declared an equity dividend of 480.00% amounting to Rs 48 per share for the year ending March 2021.
Sales Report: Tata Elxsi reported a Standalone Total Income of Rs 525.22 Crore for the quarter ended 31 st March 2021, which is up 6.71 % from last quarter Total Income of Rs 492.18 Crore and up 16.13 % from last year same quarter Total Income of Rs 452.27 Crore.
Net profit of Tata Elxsi rose 40.31% to Rs 115.17 crore in the quarter ended March 2021 as against Rs 82.08 crore during the previous quarter ended March 2020. For the full year,net profit rose 43.74% to Rs 368.12 crore in the year ended March 2021 as against Rs 256.10 crore during the previous year ended March 2020.
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