In the ever-evolving landscape of the stock market, Tata Technologies Ltd. (TTL) emerges as a standout performer, showcasing resilient financials and sparking optimism among investors. As of February 10, 2024, TTL’s shares closed at ₹1,113.85, with a day range of ₹1,098.70 – ₹1,154.40. Let’s delve into the comprehensive financial data to understand the driving forces behind this positive momentum.
Tata Technologies Ltd. Share Price and Market Overview
TTL’s previous close at ₹1,113.85 positions the company with a market capitalization of ₹459.04 billion INR. The stock’s year range, spanning from ₹1,071.05 to ₹1,400.00, reflects the dynamic nature of its performance on the National Stock Exchange (NSE). Notably, the Price/Earnings (P/E) ratio, a crucial metric for evaluating a company’s valuation, remains a key focus in assessing TTL’s investment potential.
Income Statement Highlights
Tata Technologies Ltd.’s income statement for the fiscal year 2023 showcases a commendable revenue of ₹44.14 billion, marking a substantial year-on-year change of 25.06%. The robust financial performance extends to the operating expenses, net income, and EBITDA, demonstrating increases of 37.85%, 42.81%, and 29.62%, respectively. Despite a challenging operating environment, TTL maintains a healthy net profit margin of 14.14%.
Examining the quarterly income statement for September 2023, TTL continues its upward trajectory with a 27.10% increase in revenue. However, a noteworthy surge of 2,213.10% in operating expenses poses a point of scrutiny. The net profit margin shows resilience, remaining at 13.93%, albeit a slight decrease of -3.06%. EBITDA and effective tax rates also contribute to the overall financial narrative.
Annual Income Statement
| INR | 2023 | Y/Y CHANGE |
|---|---|---|
| Revenue | 44.14B | 25.06% |
| Operating expense | 4.90B | 37.85% |
| Net income | 6.24B | 42.81% |
| Net profit margin | 14.14 | 14.22% |
| Earnings per share | — | — |
| EBITDA | 7.67B | 29.62% |
| Effective tax rate | 21.62% | — |
Balance Sheet Strength
TTL’s annual balance sheet for 2023 unveils a nuanced financial position. While cash and short-term investments saw a decline of -26.34%, total assets surged by 23.32%. This growth is mirrored in total liabilities, which increased by 14.15%, and total equity, maintaining a steady rise. The price-to-book ratio stands at 15.12, underscoring the company’s book value against its market value.
In the quarterly balance sheet for September 2023, TTL maintains its stability with comparable figures. Cash and short-term investments remain relatively steady, contributing to the overall robustness of the company’s financial structure.
Annual Balance Sheet
| INR | 2023 | Y/Y CHANGE |
|---|---|---|
| Cash and short-term investments | 10.28B | -26.34% |
| Total assets | 52.01B | 23.32% |
| Total liabilities | 22.12B | 14.15% |
| Total equity | 29.89B | — |
| Shares outstanding | 405.67M | — |
| Price to book | 15.12 | — |
| Return on assets | 9.64% | — |
| Return on Capital | 15.69% | — |
Cash Flow Dynamics
Analyzing the annual cash flow statement for 2023, TTL’s net income witnessed a substantial uptick of 42.81%. The company’s operational efficiency is evident in the significant surge in cash from operations, soaring by an impressive 1,136.92%. However, the negative trends in cash from investing and financing activities warrant a closer look, with -756.83% and -681.06% changes respectively. Despite a net change in cash of -2,849.04%, the free cash flow reflects a more moderate decrease of -211.39%.
Annual Cash Flow
| INR | 2023 | Y/Y CHANGE |
|---|---|---|
| Net income | 6.24B | 42.81% |
| Cash from operations | 4.01B | 1,136.92% |
| Cash from investing | -4.87B | -756.83% |
| Cash from financing | -3.47B | -681.06% |
| Net change in cash | -3.85B | -2,849.04% |
| Free cash flow | -4.36B | -211.39% |
Conclusion: Navigating the Financial Landscape
Tata Technologies Ltd. positions itself as a compelling player in the stock market, buoyed by strong financial fundamentals. The positive sentiment surrounding TTL is fueled by remarkable increases in revenue, net income, and operational cash flow. While challenges such as rising operating expenses and fluctuations in cash flow exist, TTL’s overall resilience suggests a promising outlook. Investors are urged to monitor these dynamics closely, recognizing the potential for growth in a company that continues to navigate the financial landscape with confidence.
If you are interested in TATA Power Share Price so click on this link -: TATA POWER
