Whalesbook
Customers ne khola jeb, Tata Tech ki tezi!
Chalo, ab full story suno! Jo clients lagbhag 18 mahine se market ki uncertainty ke karan ruk gaye the, woh ab finally naye projects aur products par paisa laga rahe hain. Automotive aur heavy industrial machinery sectors mein yeh trend dikh raha hai, aur Tata Tech iska full fayda utha rahi hai.
Aur suno, ek bahut badi deal bhi hui hai ek Japanese automaker ke saath, jismein woh full vehicle development ka kaam karenge. Yeh deal FY27 ke second half mein revenue par bada impact daalegi, bhai! Matlab, industry mein confidence wapas aa raha hai.
Aerospace aur numbers ka dhamaka!
Iske alawa, company ka aerospace wala business bhi toofani speed se bhag raha hai – saal mein 65-70% grow kar raha hai! Yeh segment abhi total revenue ka sirf 7% hai, lekin 2027 se Airbus ke naye planes ki demand badhne wali hai, toh yeh aur tez ho jayega. Sirf ₹334 crore ka run rate expect kar rahe hain isse.
Ab numbers ki baat karte hain. Q4 FY26 mein, company ka consolidated revenue 22% badh kar ₹1,572.2 crore ho gaya. Net profit bhi 8.1% badhkar ₹204 crore pahunch gaya. Operating EBITDA mein 30.7% ka zabardast jump aaya, ₹252.1 crore tak pahunch gaya. Isse dikhta hai ki company ne slow down mein bhi apni capacity maintain ki thi.
Agar poore FY26 ki baat karein toh revenue ₹5,505.6 crore tha, lekin net profit thoda kam hua tha saal dar saal ₹546.59 crore tak. Board ne FY26 ke liye ₹11.70 per share ka dividend bhi recommend kiya hai.
Valuation ka chakkar aur analysts ka confusion
Lekin ab aata hai asli twist. Share ka market cap lagbhag ₹25.6 trillion hai aur P/E ratio 45-47 ke aas paas chal raha hai. Yeh kai competitors jaise KPIT Technologies (P/E ~24) aur L&T Technology Services (P/E ~31) se zyada hai, haan, Tata Elxsi (P/E ~130) se kam hai.
Aur analysts ka sentiment bhi mila-jula hai. Kai reports mein 'Sell' ya 'Moderate Buy' rating hai, aur average price targets current levels se kam hain, jaise ₹597.50 ya ₹618.21. Matlab, upside potential kam lag raha hai kuch logon ko.
Future plans aur risks
Company kuch acquisitions bhi dekh rahi hai. Unke paas $195 million cash hai Europe aur North America mein customer base badhane ke liye aur AI/tech capabilities lene ke liye. Lekin bhai, bade deals mein integration ka risk toh rehta hi hai.
Management keh raha hai ki FY27 mein bhi double-digit organic revenue growth aur margins improve honge. Aerospace ka growth bhi acha dikh raha hai. Bus bade contracts sahi se execute ho jayen aur acquisitions smooth rahein toh picture clear hai.