Tata Elxsi Shares To Turn Ex-dividend Today; Here's Outlook, Target Price For Tata Group Stock

Tata Elxsi dividend: Shares of Tata Elxsi Ltd would move ex-date for dividend connected Wednesday. The committee of board of nan IT patient had declared a dividend of Rs 75 per stock connected April 17, which would beryllium subjected to support of members astatine nan company's 36th AGM. The dividend, if approved, will beryllium paid connected aliases earlier June 30, 2025, taxable to conclusion of taxation astatine source. 

June 11 was fixed arsenic nan grounds day for determining entitlement of members to dividend for nan financial twelvemonth ended March 31, 2025. 

Tata Elxsi generates astir 97 per cent of its gross from Software Development Services (SDS), which includes embedded merchandise creation (EPD), business creation & visualization (IDV) and integrates merchandise engineering services crossed verticals—Transportation (54 per cent), Media & Communications (32 per cent), Healthcare & Life Sciences (12 per cent) and Others (1 per cent). The remaining 3 per cent comes from System Integration Services & Support (SIS).

Tata Elxsi shares are up 10 per cent successful nan past 1 period but are down 1 per cent year-to-date. The one-year return for nan IT banal stands antagonistic astatine 5.46 per cent.

Ventura Securities said near-term uncertainties, peculiarly successful nan automotive conception (contributes 54.2 per cent) and media and communications vertical (contributes 32.5 per cent) are expected to inhibit growth. 

"European OEMs look intensified title from Chinese players, further analyzable by China’s caller uncommon world export restrictions, which effect nan proviso of captious materials needed for EVs. The M&C vertical is impacted by customer M&A activity starring to cautious R&D spending which airs challenges to afloat realizing this potential
in nan short term," Ventura said. 
The home brokerage said these headwinds are further compounded by tariff uncertainty and nan rate fluctuations risk, which could negatively power nan separator profile.

"Our assumptions are overmuch up of Street expectations and contempt building successful bullish prospects, we judge that existent valuations of 36.4 times FY28 net are stretched. We initiate sum pinch a Sell for a value target of Rs 5,518 (31.0x FY28 P/E) representing a downside of 14.8 per cent from nan existent CMP of Rs 6,473 complete nan adjacent 24 months," Ventura said connected June 9. 

Published on: Jun 11, 2025 7:50 AM IST