Tata Technologies Limited (TATATECH) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Tata Technologies Limited ₹587, price ₹699, upside -16.0%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 30, 2026.
How to read this chart
34‑month range ₹501.50 – ₹1,261 · fair‑value band ₹410.68 – ₹835.30 · the ₹698.80 price screens above the ₹586.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 30, 2026.
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Tata Technologies Limited provides product engineering and digital services in India, the United Kingdom, North America, rest of Europe, and internationally. It operates through Service and Technology Solutions segments.
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Tata Technologies Limited provides product engineering and digital services in India, the United Kingdom, North America, rest of Europe, and internationally. It operates through Service and Technology Solutions segments. The company offers software-defined vehicle, end to end electric vehicle engineering, and turnkey full vehicle development, end to end engineering and electrification, product benchmarking, and embedded engineering solutions; HIL testing and validation solutions; and model-based systems engineering, digital transformation, smart manufacturing, and digital customer experience solutions. It also provides enterprise transformation SAP S/4 HANA, aerospace engineering, and aerospace MRO solutions, as well as upskilling competency centers. In addition, the company offers i GET IT, an online training platform for self-paced training courses; modular EV platform for product launches and reduces time to market; Pulse, an agile product data and management tool; Factorymagix, a manufacturing execution system tool; and AMP.IoT, a suite of modular applications designed to cater to the Industrial IOT requirements of the manufacturing industry. Further, it provides centralized hybrid integration platform, an enterprise hybrid integration ecosystem that connects and maps applications, data, and devices in the cloud; Power of 8, a digital application to enable OEMs to attract customers; TRACE, a connected vehicle platform that helps OEMs to develop and deliver end-to-end connected services; RightWeighting 5R, a solution that enables manufacturing companies to optimize weight and engineer products; and Visimatic, a suite of machine learning solutions. The company has a strategic partnership with Emerson to innovate integrated testing and validation solutions for global OEMs in the automotive, aerospace, and commercial vehicle sectors. The company was formerly known as Tata Technologies (India) Limited and changed its name to Tata Technologies Limited in February 2001. Tata Technologies Limited was incorporated in
Stock analysis
Tata Technologies Limited (TATATECH) currently trades at ₹698.80, while our model-based Fair Value estimate is ₹586.68, 16.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹410.97 per share, and 0 of the 26 models we run sit above the ₹698.80 price.
Bear case: the Asset-Based group reads lowest at ₹64.74, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹410.68 (bear) to ₹835.30 (bull), the price of ₹698.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Tata Technologies Limited reported revenue of ₹55.1B in FY2026 versus ₹35.3B in FY2022, a compound +11.8%/yr. Reported net income was ₹5.5B in FY2026, compounding +5.8%/yr from FY2022.
Key figures
Market cap ₹284B (≈ $2.9B) · P/E ratio 50.9 · P/S ratio 5.06 · EPS (TTM) ₹13.72 · Dividend yield 1.7% · Net margin 9.9% · Return on equity 14.6% · Return on assets (EBIT) 12.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 44% fair-value upside, at −16%, TATATECH screens richer than that median.
Fair Value models
Bear ₹410.68Fair Value ₹586.68Bull ₹835.30
Price ₹698.80 · Upside -16.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹1.03 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.3%
Start year 2021 (pandemic). Over 10 years: +7.5% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.4%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+18.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.8%
Dividend (yield on the price)1.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.16.8% vs 4.9%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 13%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+26.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +21.3% a year for the price and +7.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (7 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
Compare Tata Technologies Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 460 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Below median
Fair Value upside−16.0% · Below median
Profitability
Return on equity (TTM)14.6% · Above median
Return on assets5.7% · Above median
Net margin (TTM)9.4% · Top 25%
Operating margin (TTM)13.3% · Top 25%
Growth and dividend
Revenue growth33.8% · Top 25%
Dividend yield (TTM)1.7% · Below median
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Is Tata Technologies Limited (TATATECH) overvalued or undervalued?
As of Sep 30, 2026, our model estimates a fair value of ₹586.68 versus a price of ₹698.80, about −16% upside (overvalued).
What is the fair value of TATATECH?
Our model-based fair value for Tata Technologies Limited is ₹586.68 (as of Sep 30, 2026), built from audited fundamentals. The current price: ₹698.80.
What is the quality score of TATATECH?
Tata Technologies Limited has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Tata Technologies Limited (TATATECH)?
Our model-based price target is the fair value of ₹586.68 (as of Sep 30, 2026) from 26 valuation models. Cautious scenario ₹410.68, optimistic scenario ₹835.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Tata Technologies Limited stock forecast for 2026?
Our models put fair value at ₹586.68, about −16% upside versus a price of ₹698.80 (overvalued). Cautious scenario ₹410.68, optimistic scenario ₹835.30. The calculation is refreshed regularly with new filings.
What is the revenue of Tata Technologies Limited (TATATECH)?
Tata Technologies Limited reported trailing-twelve-month revenue of about ₹59.3B (latest available figure, as of Sep 30, 2026).
Does Tata Technologies Limited pay a dividend?
Tata Technologies Limited currently shows a dividend yield of about 1.67% relative to its recent price (as of Sep 30, 2026).
What growth is priced into Tata Technologies Limited (TATATECH)?
For today's price to be fair in a discounted-cash-flow model, Tata Technologies Limited would have to grow free cash flow by +26.3 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.3 % per year. As of Sep 30, 2026.
What discount rate (WACC) does the fair value of TATATECH use?
Our models discount Tata Technologies Limited at 11.9 %: a base by market capitalisation (mid), damped by beta 0.85, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Tata Technologies Limited that is +26.3 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Tata Technologies Limited (TATATECH) delivered so far?
Over the past 5 years revenue at Tata Technologies Limited grew +18.3 % a year. The price currently implies +26.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tata Technologies Limited (TATATECH) growing?
The median revenue growth in the sector is +10.5 % a year. That is the yardstick for the growth priced into Tata Technologies Limited (+26.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tata Technologies Limited (TATATECH)?
The free-cash-flow yield on the price is 2.71 %: that much free cash flow Tata Technologies Limited produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tata Technologies Limited (TATATECH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tata Technologies Limited it is ₹586.68 per share (as of Sep 30, 2026), against a price of ₹698.80. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Tata Technologies Limited stock overvalued or undervalued in 2026?
As of Sep 30, 2026, TATATECH trades above its calculated fair value: price ₹698.80, fair value ₹586.68, a gap of about −16% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TATATECH?
No. The price is what the market pays today (₹698.80); the fair value is what the company's own numbers justify (₹586.68). For Tata Technologies Limited the two are ₹112.12 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tata Technologies Limited worth?
The market values Tata Technologies Limited at about ₹284B (market capitalisation, as of Sep 30, 2026). Per share that is ₹698.80; our models calculate a fair value of ₹586.68 per share.
What do the bullish and bearish scenarios say about TATATECH?
Our models span a range for Tata Technologies Limited: cautious scenario ₹410.68, base ₹586.68, optimistic ₹835.30 per share (as of Sep 30, 2026, price ₹698.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TATATECH?
Tata Technologies Limited trades at a price-to-earnings ratio of 50.9 (as of Sep 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹586.68 is built from several models across several years. Other multiples: P/B 7.2, P/S 4.8, EV/EBITDA 34.1.
How solid is the balance sheet of Tata Technologies Limited (TATATECH)?
Balance-sheet figures for Tata Technologies Limited (as of Sep 30, 2026): return on equity 14.6%, debt of 0.15 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is TATATECH from its 52-week high?
Tata Technologies Limited trades at ₹698.80, about 21% below its 52-week high of ₹879.15 and 39% above the low of ₹501.50 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹586.68 is for.
Which stocks are comparable to Tata Technologies Limited?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tata Technologies Limited stock attractive at the current price?
The data as of Sep 30, 2026: price ₹698.80, calculated fair value ₹586.68 (−16%), Quality Score 56/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TATATECH calculated?
We run Tata Technologies Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹586.68, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Tata Technologies Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tata Technologies Limited (TATATECH)?
The closing price on Oct 1, 2026 was ₹698.80. Our model-based fair value is ₹586.68, about −16% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tata Technologies Limited right now?
Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹410.68 to ₹835.30) leaves room in how you read the outcome.
Where does the earnings growth of Tata Technologies Limited (TATATECH) come from?
Earnings per share at Tata Technologies Limited grew +7.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +8.3 %, EBIT margin −5.4 %, tax rate −1.0 %, residual (interest, one-offs) +5.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Tata Technologies Limited
How large is the market capitalisation of Tata Technologies Limited (TATATECH)?
The market capitalisation of Tata Technologies Limited is ₹284B (≈ $2.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Tata Technologies Limited (TATATECH)?
The price-to-sales ratio of Tata Technologies Limited is 5.06 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tata Technologies Limited (TATATECH)?
Earnings per share at Tata Technologies Limited are ₹13.72 (price ÷ EPS = P/E 50.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tata Technologies Limited (TATATECH)?
The dividend yield of Tata Technologies Limited is 1.7% (payout 85.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Tata Technologies Limited (TATATECH)?
The net margin of Tata Technologies Limited is 9.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tata Technologies Limited (TATATECH)?
The return on equity (ROE) of Tata Technologies Limited is 14.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tata Technologies Limited (TATATECH)?
On an EBIT basis the return on assets of Tata Technologies Limited is 12.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tata Technologies Limited (TATATECH)?
The operating margin of Tata Technologies Limited is 13.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tata Technologies Limited (TATATECH)?
Revenue at Tata Technologies Limited is growing +33.8% versus a year earlier (3y avg +7.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tata Technologies Limited (TATATECH)?
Earnings per share at Tata Technologies Limited are growing +6.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tata Technologies Limited (TATATECH) carry?
The net debt of Tata Technologies Limited is ₹2.2B (fiscal year 2026, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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