After posting stellar Q1 earnings, this multibagger stock is rising sharply on July 15

After posting stellar Q1 earnings, this multibagger stock is rising sharply on July 15

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 22k Views

The company's net profit increased by an astounding 62.92%.

Shares of this Tata Group stock have given investors exponential returns during the past two years, rising from Rs 892 on July 15, 2020, to Rs 8069 on July 15, 2022. Tata Elxsi is the stock we are talking about.

At 2:32 pm on July 15, Tata Elxsi Ltd shares are trading at Rs 8069, up 3.48% on the day. The stock is gaining traction after the company reported strong first-quarter results on Thursday. The company has a market capitalisation of Rs 50,118 crore and is a part of S&P BSE group "A."

The company posted Q1 sales of Rs 726 crore, an increase of 30% year over year and 6.45% quarter over quarter. The first quarter's net profit significantly increased year over year, by 62.92%, to Rs 184.72 from Rs 113.38 crore in the first quarter of the previous fiscal.

The company's historical 10-year sales and net profit growth of 17% and 32%, respectively, also look promising.

A multi-national provider of design and technology services, Tata Elxsi creates hardware and software for customers in a range of industries, including automobile, broadcasting, healthcare, and telecommunications. The company operates in three business segments- Embedded product & design, Industrial Design & Visualization, and System Integration & Support.

Majority of the company’s revenue, about 88%, comes from the Embedded product and design segment. While Design and Visualization and System Integration and Support segments contribute 9% and 2% to the revenue figure.

The profitability ratios, ROE and ROCE, for the company stood at 37.2% and 47.7%, respectively, as per the FY22 period ending. The shares of Tata Elxsi are trading at a PE of 86x.

In terms of ownership of the company, the promoters own 43.92%, FIIs & DIIs own 19.38%, and the remaining 36.71% portion is owned by non-institutional shareholders.

Today, on July 15, the shares of Tata Elxsi opened at Rs 7940. The stock’s intraday low and high so far have been Rs 7870 and Rs 8119, respectively.

How do you rate this blog?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Swing Trading Stocks: Week of 3 October 2023

Swing Trading Stocks for the Week

  • Sep 29, 2023
Weekly Outlook on Gold - 29 September 2023

Gold prices are facing sustained pressure despite a backdrop of dollar weakness, a rare occurrence that coincides with a decline in yields on US Treasuries. Typically, the strength of the dollar and higher yields have been key components of the Federal Reserve's hawkish monetary policy.

  • Sep 29, 2023
Weekly Market Outlook for 3 October to 6 October

The last week of September turned out to be volatile as the markets corrected during the monthly expiry to test the 19500 mark. We witnessed a strong recovery in Friday’s session, and the index finally ended the week above 19600, with marginally weekly loss.

  • Sep 29, 2023