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Tata Technologies Limited (TATATECH) Fair Value & Analysis

Technology · IN · Market cap ₹290B

TT Tata Technologies Limited TATATECH · NSE
Price₹841.65
Fair Value₹363.07
Upside-56.9%
Quality56/100
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Healthy Growth
Thin margins · 9.9% net margin
Low debt · generates free cash flow
1.17% dividend yield
Mixed vs. peers (7/14)
Moderate moat 50/100
Evidence: High Range ₹217.77 – ₹467.15 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from ₹267.59 to ₹363.07 (+35.7%) since Aug 8, 2026. Share price +11.0% over the past month.

A solid business, but screening 57% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹467.15). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹217.77 to ₹467.15) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

₹1,261 ₹501.50 Fair Value ₹363.07 Nov 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

33‑month range ₹501.50 – ₹1,261 · fair‑value band ₹217.77 – ₹467.15 · the ₹841.65 price screens above the ₹363.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Tata Technologies Limited (TATATECH) currently trades at ₹841.65, while our model-based Fair Value estimate is ₹363.07, implying the stock looks roughly 56.9% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Tata Technologies Limited generated revenue of ₹55.1B at a net margin of 9.9%. Revenue grew 22.3% year over year. It earns a return on equity of 14.6%. Net debt stands at ₹2.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹217.77 (bear case) to ₹467.15 (bull case); at ₹841.65, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 68% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at -57%, TATATECH screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF ₹256.78 ₹454.52 ₹807.37 80
Residual Income ₹95.63 ₹116.88 ₹224.03 76
Rev-Margin DCF ₹189.92 ₹314.46 ₹473.49 74
All 26 models by family
DCF Models
FCF DCF ₹257.03 ₹466.28 ₹841.54 38
Owner Earnings ₹220.40 ₹399.46 ₹720.59 31
5Y Revenue Exit ₹189.92 ₹316.11 ₹484.26 39
5Y EBITDA Exit ₹262.05 ₹463.09 ₹713.17 41
5Y P/E Exit ₹261.48 ₹461.93 ₹688.91 38
10Y Revenue Exit ₹204.36 ₹332.69 ₹523.11 36
10Y EBITDA Exit ₹258.65 ₹442.16 ₹717.01 37
10Y P/E Exit ₹258.26 ₹441.30 ₹696.46 35
Earnings-Based
Graham-Dodd ₹91.54 ₹407.23 ₹557.82 54
Lynch FV ₹105.72 ₹151.03 ₹196.34 50
PEG = 1.0 ₹105.72 ₹151.03 ₹196.34 46
EPV ₹123.75 ₹145.04 ₹163.96 59
Dividend Discount
Gordon GGM ₹112.91 ₹246.49 ₹414.73 70
DDM Multi-Stage ₹112.91 ₹201.92 ₹256.88 61
Multiples
P/E Multiple ₹282.68 ₹376.91 ₹471.14 63
P/S Multiple ₹171.63 ₹228.84 ₹286.05 58
P/B Multiple ₹171.63 ₹228.84 ₹286.05 55
EV/EBIT ₹316.96 ₹421.58 ₹526.19 53
EV/EBITDA ₹286.69 ₹381.21 ₹475.74 54
EV/Revenue ₹161.78 ₹229.78 ₹297.78 43
Asset-Based
NCAV (Graham) ₹48.31 ₹64.74 ₹96.62 50
Growth DCF
Growth DCF ₹256.78 ₹454.52 ₹807.37 80
Rev-Margin DCF ₹189.92 ₹314.46 ₹473.49 74
Economic Profit
Residual Income ₹95.63 ₹116.88 ₹224.03 76
ROIC Compounder ₹135.55 ₹187.34 ₹261.58 72
Growth Earnings
Growth-Adj P/E ₹205.34 ₹293.34 ₹381.34 68

Widest divergence: DCF Models (₹441.30) versus Asset-Based (₹64.74). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹55.1B
Revenue growth (YoY) +22.3%
Net margin 9.9%
Return on equity 14.6%
Free cash flow ₹7.7B FY2026
P/E ratio 62.5
More key figures
Operating margin 13.1%
EPS (TTM) ₹13.46
Dividend yield 1.2%
EPS growth (YoY) +8.2%
Net debt ₹2.2B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 74

Profitability 43
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 76
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹55.1B
Latest YoY
+6.6%
Avg. growth/yr (3Y) 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.
+7.7%
Avg. growth/yr (5Y) 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.
+18.3%
Avg. growth/yr (12Y) 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.
+7.4%
Revenue +11.8%/yr
FY22 ₹35.3B
FY23 ₹44.1B
FY24 ₹51.1B
FY25 ₹51.6B
FY26 ₹55.1B
Net income +5.8%/yr
FY22 ₹4.4B
FY23 ₹6.2B
FY24 ₹6.8B
FY25 ₹6.8B
FY26 ₹5.5B
Character of growth · EPS growth decomposed (2015-2026) +7.2 % p.a.
Revenue per share +8.3 pp

of which total revenue +7.7 pp · buybacks/dilution +0.6 pp

EBIT margin −5.4 pp
Tax rate −1.0 pp
Residual (interest, one-offs) +5.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

TATATECH screens 57% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "Tata Technologies Limited Fair Value". https://www.fairvalue-calculator.com/stock/TATATECH

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Information Technology Services · 490 stocks

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.

Quality Score 56 · Above median
Fair Value upside −57% · Bottom 25%
Return on equity (TTM) 15% · Above median
Return on assets 6% · Above median
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 22% · Top 25%
Dividend yield (TTM) 1.2% · Below median
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 62.5× · Pricier than 75% of peers
P/B 7.40× · Pricier than 75% of peers
P/S (TTM) 5.28× · Pricier than 75% of peers
P/FCF 0.4× · Cheaper than median
EV/EBITDA 37.4× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 33
FUTURE 100 · sector 30
PAST 58 · sector 35
HEALTH 93 · sector 97
DIVIDEND 23 · sector 40

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.98 $175.76 -26%
Accenture plc ACNN 2,460 MXN 300.07 MXN -88%
Tata Consultancy Services Limited TCS ₹2,350 ₹3,473 +48%
Infosys Limited INFY ₹1,176 ₹1,998 +70%
HCL Technologies Limited HCLTECH ₹1,365 ₹1,722 +26%
Wipro Limited WIPRO ₹183.94 ₹314.26 +71%
Tech Mahindra Limited TECHM ₹1,625 ₹1,521 -6%
Samsung SDS Co 018260 235,500 KRW 235,321 KRW -0%
Persistent Systems Limited PERSISTENT ₹5,474 ₹3,259 -40%
Hyundai Autoever Corporation 307950 433,000 KRW 186,323 KRW -57%

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Frequently asked questions

Is Tata Technologies Limited (TATATECH) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹363.07 versus a price of ₹841.65, about −57% (overvalued).
What is the fair value of TATATECH?
Our model-based fair value for Tata Technologies Limited is ₹363.07 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹841.65.
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 revenue of Tata Technologies Limited (TATATECH)?
Tata Technologies Limited reported trailing-twelve-month revenue of about ₹55.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TATATECH?
The net profit margin of Tata Technologies Limited is about 9.9%, meaning it keeps roughly 9.9% of revenue as net income. Based on the latest reported figures.
Does Tata Technologies Limited pay a dividend?
Tata Technologies Limited currently shows a dividend yield of about 1.17% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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