Arthneeti

Tata Technologies Q2 FY27 Share Price & Earnings Call Analysis

₹658.95+0.83% today
Market cap
₹26,757 Cr
P/E
40.73
ROE
16.34%
PEG
-69.05
Price to sales
4.24
Debt to equity
0.29
52W high / low
₹879 / ₹509
Sales growth (5Y)
18.25%
EBITDA margin
15.64%
Net profit margin
11.14%
Promoter holding
55.17%
Sales (last year)
₹6,301 Cr

Guidance scorecard · Q2 FY27 call

What Tata Technolog.'s management guided
and where it ranks in IT - Services

Revenue10–20%MarginsUp 0–2%CapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ2 FY27 call

10–20%
  • The company expects strong double-digit consolidated revenue growth for the full year FY27, backed by strong demand, ongoing program ramp-ups, and healthy pipeline conversion.
  • Growth in both automotive and non-automotive segments is broad-based, with both growing about 7.5% quarter-on-quarter.
  • The company has consistently won full vehicle programs in recent months, signaling continued growth in aerospace and automotive sectors.
  • Long-term growth expectations include sustaining strong double-digit growth for several years, although achieving 20%+ growth as scale increases will be more challenging.
  • Growth is supported by strategic partnerships, ramping up of large orders (e.g., a $138 million turnkey European automotive program), and market tailwinds from aerospace and AI-driven innovation.

2 more points from Tata Technolog.'s call on revenue

Create a free account to keep reading this call

Full Q2 FY27 analysis

MarginsQ2 FY27 call

Up 0–2%

See what Tata Technolog. said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • Tata Technologies invested in a new office facility in Pune to consolidate operations and create capacity for future growth.
  • This investment has led to increased depreciation & amortization (D&D) and lease-related interest costs but is expected to be absorbed by revenue scale and operational leverage over the medium term.
  • The company continues to invest in talent development and learning programs to build future-ready workforce capabilities, including AI readiness and advanced manufacturing skills.
  • There is ongoing investment in infrastructure, people, and technology to support large strategic programs and scale new deals.

2 more points from Tata Technolog.'s call on capex

Create a free account to keep reading this call

Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what Tata Technolog. said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Rising
  • The recent significant order win includes a $138 million turnkey program from a luxury European automotive OEM, involving full product realization from concept to launch of two vehicles.
  • This program is expected to make a contribution starting in the second half of the current year and informs the order book for the next couple of years.
  • The deal timeline is approximately two and a half years with expected variant opportunities extending beyond the initial scope.

2 more points from Tata Technolog.'s call on the order book

Create a free account to keep reading this call

Full Q2 FY27 analysis
Full IT - Services ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Services
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Tata Technolog. rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹28,129 Cr107.9
240%+Flat₹1,612 Cr37.6
340%+Flat₹1,534 Cr131.2
440%+Flat₹571 Cr24.8
540%+Flat₹378 Cr26.9
640%+Flat₹84 Cr8.3

Sign up free to see every company in the sector ranking and track Tata Technolog..

Pro shows every company guiding 40%+ revenue growth →Full IT - Services ranking

Financials of Tata Technolog.

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Tata Technolog.

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +55.39%55.39%55.39%55.22%55.22%55.22%55.22%55.22%55.21%55.18%55.17%55.17%
FIIs +2.02%1.10%1.63%3.62%3.10%3.10%4.87%5.25%5.51%5.77%6.30%6.59%
DIIs +2.50%1.51%1.78%3.44%3.06%2.48%3.31%2.88%2.92%3.44%4.48%5.55%
Public +40.09%42.01%41.20%37.72%38.61%39.20%36.58%36.65%36.34%35.58%34.04%32.70%
No. of Shareholders10,39,67211,78,33812,41,88112,79,75013,50,82613,74,61314,11,03513,90,01013,45,08212,99,83412,39,12411,88,825

Financials of Tata Technolog.

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +1,2691,2891,3011,2691,2961,3171,2861,2441,3231,3661,5721,6651,699
Expenses +1,0551,0531,0611,0381,0611,0831,0521,0441,1161,1731,3201,3971,426
Operating Profit214237240231236234233200208193252267273
OPM %17%18%18%18%18%18%18%16%16%14%16%16%16%
Other Income +303124231628616854-125944643
Interest5545565559161520
Depreciation26272930303031313136474754
Profit before tax21323523122021722625823322623283252242
Tax %25%28%32%26%28%25%27%27%27%71%28%28%29%
Net Profit +1601701571621571691891701667204181171
EPS in Rs3.954.203.883.993.884.164.664.204.080.165.034.454.22

Financials of Tata Technolog.

Profit & Loss

Annual income statement trend

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +2,9422,8522,3813,5304,4145,1175,1685,5066,301
Expenses +2,4372,3821,9952,8843,5934,1764,2344,6535,316
Operating Profit505470386646821941934853986
OPM %17%16%16%18%19%18%18%15%16%
Other Income +36363949881161289158
Interest11618221819203460
Depreciation6999928695106121145184
Profit before tax471392315587796932921765800
Tax %25%36%24%26%22%27%27%29%
Net Profit +353252239437624679677547563
EPS in Rs15.3816.7516.6913.4613.86
Dividend Payout %18%66%0%0%0%60%70%87%

Financials of Tata Technolog.

Balance Sheet

Capital structure and asset base

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital424242428181818181
Reserves1,7151,8112,1002,2382,9083,1403,4983,8423,751
Borrowings +02582662612552572379381,110
Other Liabilities +5124621,1641,6761,9572,1002,8483,9993,628
Total Liabilities2,2692,5733,5734,2185,2015,5786,6648,8608,571
Fixed Assets +8191,1191,0901,0681,0951,1511,1302,0552,186
CWIP25000300150
Investments393649752830150616823245
Other Assets +1,3861,4171,9862,6224,0744,2774,9185,9666,139
Total Assets2,2692,5733,5734,2185,2015,5786,6648,8608,571

Financials of Tata Technolog.

Cash Flows

Operating, investing and financing cash movement

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +3692671,113-39401294699776
Cash from Investing Activity +-19-3-66470-440400-65-776
Cash from Financing Activity +-221-261-44-44-347-557-48616
Net Cash Flow1294405-13-38513714815
Free Cash Flow3202141,099-102336204669743
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit108%85%317%14%78%63%108%112%

Financials of Tata Technolog.

Ratios

Working capital efficiency and return ratios

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days7193917991827179
Inventory Days00000000
Days Payable312
Cash Conversion Cycle-24193917991827179
Working Capital Days5561-12-1266563433
ROCE %22%15%25%28%28%26%21%

Guidance history

How Tata Technolog.'s guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →10–20%Up 0–2%Planned—Rising
Q1 FY27 call →10–20%FlatPlanned—Rising
Q4 FY26 call →10–20%Up 2%+Planned—Rising
Q3 FY26 call →10–20%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

28out of 100

Momentum score · price trend

28 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−6.0%54%
Last 6 months+13.3%70%
Last 3 months−12.3%34%

The price is 47% below its all-time high of ₹1,242.2 (15 Dec 2023). Stocks more than 20% below their peak have their score halved, so 56 became 28.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Tata Technolog.: 0.4 × 54 + 0.4 × 70 + 0.2 × 34 = 56, halved to 28 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Tata Technolog.'s management said in earlier quarters

Others in IT - Services this season

  • Sattrix Information Security Ltd (Q1 FY27)

    Revenue for FY25 is ₹59 Cr, up 34% YoY (Page 22). Key investor presentation takeaways from Sattrix Information Security Ltd's Q1 FY27 investor presentation — an

  • Infinity Infoway Ltd (Q1 FY27)

    75 crore for the next two years, indicating healthy pipeline. Key concall takeaways from Infinity Infoway Ltd's Q1 FY27 earnings call — and how it ranks…

  • Infinity Infoway Ltd (Q4 FY26)

    Further distribution of ~30-35% machines planned in the following year, driving revenue growth from ZeroTouch. Key concall takeaways from Infinity Infoway…

  • Infinity Infoway Ltd (Q2 FY27)

    78 crores, indicating strong near-term sales visibility. Key concall takeaways from Infinity Infoway Ltd's Q2 FY27 earnings call — and how it ranks against…

Compare:vs L&T Technologyvs Inventurus Knowledge Solutions Ltdvs Sagility Ltd