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  3. Tata Technologies IPO: Financials, shareholding, comparison with peers …

Tata Technologies IPO: Financials, shareholding, comparison with peers in 5 charts

6 Oct 2023

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Key Takeaways

  • Tata Technologies, with solid financials & good industrial standing, shows growth potential.

  • One can become a part of the company’s profits by subscribing to its upcoming IPO.

  • Tata Technologies, with solid financials & good industrial standing, shows growth potential.

  • One can become a part of the company’s profits by subscribing to its upcoming IPO.

Tata Technologies

Tata Technologies

Listed0.00%

Expert Analysis

Tata Technologies, a Tata Group company, plans its first IPO in nearly two decades, with Tata Motors, Alpha TC Holdings, and Tata Capital Growth Fund I selling up to 9.57 crore equity shares, representing 23.6% of the company's paid-up share capital.

Expert Analysis

  1. Financial Highlights

  • Revenue & profit growth slowed down in FY 23, as against PY.

  • Revenue grew to Rs 4,418 crore (25%) growth.

  • PAT grew to Rs 708 crore (63%) growth.

  • The company remained debt-free, with a CAGR of 30%, PAT CAGR of  61.5%,& EBITDA CAGR of 46%, during 2021-23.

  1. Key Milestones 

  • Founded in 1989, from 2005 to 2017, it acquired various companies & secured funding.

  1. Peer Comparison

  • Tata Technologies’ revenue CAGR over the last three years has exceeded that of Tata Elxsi, L&T Technologies, and KPIT Technologies. 

  • Its EBITDA margin, at 23.7%, remains more or less equal to industry standards.

  1. Promoter Shareholding in Tata Technologies

  • The promoter and promoter group held 76.7 % pre-issue, while the public owned 23.3%.

  • After the IPO, the promoter stake will decrease to 56.7 % & the public will increase to 43.3%.

  1. Returns

  • Its ROE increased from 19.8% to 23.7% in FY 23.

  • RoCE was 19.5% in March 2023 compared to 16.7 % in March 2022.

Publisher:Money Control