Incorporated in 1994, Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions.[1]
Business Segments1) Services (78% in H1 FY25 vs 75% in FY22):[1][2]The company provides outsourced engineering services and digital transformation services to global manufacturing clients, to develop better productsfined vehicles (SDV). In FY24, it completed the development of the 2 EVs for a SEA-based automotive OEM and its activities are now transitioning to launch support. The segment revenue grew by 50% between FY22 and FY24, driven by new business wins with its anchor and non-anchor accounts.[3][4]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | L&T Technology | 4416.10 | 36.63 | 46805.94 | 1.25 | 329.20 | 2.85 | 2979.50 | 15.80 | 28.29 | 11480.90 | 16.75 | 1277.90 | 328.70 | 7.56 | 13.92 | 0.10 |
| 2. | Inventurus Knowl | 1701.30 | 47.90 | 29205.05 | 0.00 | 180.72 | 59.93 | 781.09 | 21.52 | 27.20 | 2902.31 | 31.55 | 609.74 | 180.72 | 13.03 | 16.71 | 0.34 |
| 3. | Tata Technolog. | 651.05 | 40.03 | 26415.94 | 1.28 | 133.30 | 9.01 | 796.46 | 0.32 | 66.90 | 3047.25 | 20.19 | 659.88 | 133.30 | 16.63 | 23.62 | 0.05 |
| 4. | Affle 3i | 1821.90 | 61.13 | 25629.98 | 0.00 | 110.51 | 20.13 | 646.72 | 19.13 | 16.82 | 2471.38 | 22.30 | 419.30 | 110.51 | 7.87 | 11.09 | 0.01 |
| 5. | Sagility | 52.02 | 30.48 | 24352.27 | 0.10 | 250.83 | 113.76 | 1658.50 | 25.17 | 9.58 | 6218.99 | 24.55 | 798.87 | 250.83 | 2.74 | 5.08 | 0.14 |
| 6. | Netweb Technol. | 3274.60 | 137.58 | 18551.88 | 0.08 | 31.43 | 20.05 | 303.72 | 20.98 | 32.45 | 1353.57 | 14.29 | 134.84 | 31.43 | 32.06 | 15.15 | 0.03 |
| 7. | Cyient | 1154.20 | 22.74 | 12823.42 | 2.25 | 142.90 | -34.47 | 1781.00 | -3.68 | 16.58 | 7328.40 | 13.90 | 563.86 | 117.36 | 2.30 | 8.87 | 0.08 |
| – | Median: 62 Co. | 312.57 | 31.26 | 873.82 | 0.0 | 10.5 | 20.5 | 114.16 | 20.98 | 16.12 | 266.21 | 14.48 | 30.44 | 10.11 | 3.38 | 9.45 | 0.08 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 493 | 696 | 748 | 647 | 721 | 741 | 766 | 716 | 762 | 673 | 794 | 796 |
Expenses | 433 | 564 | 602 | 529 | 591 | 599 | 616 | 581 | 594 | 566 | 621 | 637 |
Operating Profit | 60 | 132 | 147 | 118 | 130 | 142 | 151 | 135 | 167 | 108 | 173 | 160 |
Other Income | 19 | 16 | 16 | 10 | 404 | 207 | 13 | 9 | 50 | 369 | 15 | 42 |
Profit before tax | 60 | 128 | 139 | 110 | 512 | 324 | 145 | 123 | 193 | 458 | 166 | 178 |
Tax % | 25% | 27% | 26% | 28% | 6% | 14% | 28% | 35% | 25% | 5% | 27% | 25% |
Net Profit | 45 | 94 | 103 | 80 | 480 | 280 | 103 | 80 | 144 | 434 | 122 | 133 |
EPS in Rs | 11.03 | 2.32 | 2.54 | 1.97 | 11.83 | 6.89 | 2.55 | 1.97 | 3.55 | 10.69 | 3.01 | 3.29 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
Sales | 1,217 | 1,245 | 1,051 | 1,731 | 2,112 | 2,732 | 3,024 | 3,047 |
Expenses | 913 | 941 | 854 | 1,421 | 1,746 | 2,240 | 2,408 | 2,432 |
Operating Profit | 304 | 303 | 197 | 310 | 367 | 492 | 617 | 615 |
Other Income | 11 | 149 | 14 | 38 | 38 | 405 | 486 | 315 |
Interest | 0 | 9 | 11 | 14 | 12 | 12 | 13 | 13 |
Depreciation | 49 | 60 | 54 | 50 | 61 | 66 | 79 | 82 |
Profit before tax | 266 | 384 | 147 | 283 | 332 | 819 | 1,010 | 835 |
Net Profit | 191 | 292 | 108 | 219 | 244 | 687 | 849 | 660 |
EPS in Rs | – | – | – | – | 6.02 | 16.94 | 20.93 | 16.27 |
Dividend Payout % | 34% | 57% | 0% | 0% | 204% | 59% | 56% | – |
Standalone figures in ₹ crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
Equity Capital | 43 | 42 | 42 | 42 | 81 | 81 | 81 | 81 |
Reserves | 716 | 719 | 829 | 742 | 939 | 1,124 | 1,575 | 1,507 |
Borrowings | 0 | 0 | 88 | 93 | 86 | 82 | 77 | 86 |
Other Liabilities | 219 | 256 | 938 | 1,227 | 1,492 | 1,643 | 2,438 | 2,973 |
Total Liabilities | 978 | 1,017 | 1,897 | 2,104 | 2,598 | 2,930 | 4,171 | 4,647 |
Fixed Assets | 97 | 191 | 160 | 184 | 178 | 209 | 180 | 168 |
Gross Block | 230.33 | 369.41 | 400.75 | 469.46 | 522.31 | 598.08 | 638.10 | – |
Accumulated Depreciation | 133.07 | 178.64 | 240.95 | 285.53 | 344.24 | 389.07 | 457.77 | – |
CWIP | 25 | 0 | 0 | 0 | 3 | 0 | 0 | 0 |
Investments | 258 | 255 | 716 | 747 | 249 | 369 | 831 | 770 |
Other Assets | 598 | 571 | 1,021 | 1,173 | 2,169 | 2,352 | 3,160 | 3,709 |
Total Assets | 978 | 1,017 | 1,897 | 2,104 | 2,598 | 2,930 | 4,171 | 4,647 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 163 | – | 882 | -370 | 347 | 87 | 317 |
Cash from Investing Activity | -19 | – | -684 | 159 | 27 | 431 | 155 |
Cash from Financing Activity | -153 | – | -21 | -19 | -318 | -524 | -450 |
Net Cash Flow | -10 | – | 178 | -230 | 55 | -6 | 22 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
Debtor Days | 110 | 85 | 106 | 71 | 74 | 61 | 71 |
Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Days Payable | – | – | – | – | – | – | – |
Cash Conversion Cycle | 110 | 85 | 106 | 71 | 74 | 61 | 71 |
Working Capital Days | 101 | 83 | -75 | -39 | 75 | 49 | 29 |
ROCE % | – | 52% | 18% | 32% | 35% | 69% | 67% |
Direct from BSE filings, auto-summarised
External media mentions & references
Editorial & research coverage
Oct 2025
Jul 2025
Apr 2025
Feb 2025
Oct 2024
Jul 2024
May 2024
Feb 2024
Jan 2024
Stock Analysis
Corporate Announcements