Tata Elxsi Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹23,312 Cr
- Book Value
- ₹489
- Stock P/E
- 33.1
- Dividend Yield
- 2.01%
- ROE
- 23.6%
- ROCE
- 30.0%
- PEG Ratio
- 2.41
- EV/EBITDA
- 20.5
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Tata Elxsi share price today
Tata Elxsi (NSE: TATAELXSI) is Indian ER&D’s design house: engineering fused with industrial design across automotive (cockpits, ADAS, EV platforms), media & broadcast (OTT platforms, broadcast systems) and healthcare devices. Through the last upcycle it earned a 41% five-year average ROCE and a cult multiple; through the current one it has earned a lesson — growth has gone negative for three years as auto and media clients cut R&D, and the multiple compressed from three digits to 33.1×.
Our universe holds it on watch, and the internal note frames the debate exactly: a franchise waiting on the cycle. The brand, margins (22.5% OPM) and Tata-group client gravity are intact; the demand cycle is the missing ingredient.
Franchise intact, cycle absent
Elxsi’s differentiation — design-led engineering, where user experience and embedded software ship together — wins premium rates when clients are building new platforms, and stalls hardest when they pause. The auto pause (EV program deferrals globally) and media consolidation hit its two largest verticals simultaneously. Healthcare grows but is the smallest leg. The re-rating case is cyclical: R&D deferrals become R&D backlogs, and design-led shops recover with the sharpest operating leverage.
Watch-items: auto R&D budget revival (the trigger), healthcare-vertical scaling, deal-size trends versus the project-heavy past, and the 2% dividend yield’s floor while waiting.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹23,312 Cr |
| P/E (TTM) | 33.1 |
| EV/EBITDA | 20.5 |
| Operating margin | 22.5% |
| ROE / ROCE | 23.6% / 30.0% |
| Debt to equity | 0.05 |
| Sales CAGR (5y) | 15.5% |
| Profit CAGR (5y) | 13.8% |
| Promoter holding | 43.9% |
| EPS (TTM) | ₹113.0 |
Tata Elxsi share price target 2026 to 2030
EPS base ₹113.0 (TTM). Bear: the R&D winter drags on — 5% growth, multiple at 22×. Base: the cycle turns, design-led leverage returns — 11% growth at 29×. Bull: auto platforms and healthcare inflect together — 16% growth at 36×.
| Year | Bear (22×, +5%) | Base (29×, +11%) | Bull (36×, +16%) |
|---|---|---|---|
| 2026 | ₹2,610 | ₹3,635 | ₹4,720 |
| 2027 | ₹2,740 | ₹4,040 | ₹5,475 |
| 2028 | ₹2,880 | ₹4,480 | ₹6,350 |
| 2029 | ₹3,020 | ₹4,975 | ₹7,365 |
| 2030 | ₹3,175 | ₹5,520 | ₹8,545 |
From ₹3,737, the base case is ≈ +48% over four and a half years plus the 2% yield; the bear is −15%. Cyclical franchises are bought during their doubt — the range below quantifies the doubt worth paying for.
Reasons to own Tata Elxsi (at the right price)
- Design-led ER&D positioning no Indian peer fully replicates.
- 30% ROCE and 22.5% margins held through three down years — the franchise’s proof.
- The Tata brand opens doors (including group EV programs) competitors knock on.
- A 2% dividend yield pays for cycle patience.
- The de-rating already happened — 33× versus the triple-digit past.
The risks: the growth stall could outlast patience, media-vertical decline may be structural, and the multiple still assumes the cycle turns rather than proving it.
Should you buy at the current price?
The live buy range below is for members — the franchise, priced for its winter.
FAQ
What is the Tata Elxsi share price target for 2030? Base case ≈ ₹5,520 (29× on 11% compounded growth), bear ≈ ₹3,175, bull ≈ ₹8,545. Arithmetic above.
Why has Tata Elxsi’s growth turned negative? Global auto makers deferred EV/ADAS programs and media clients consolidated platforms — its two biggest verticals paused R&D simultaneously. Deferral, in ER&D, is usually postponement rather than cancellation.
How is Elxsi different from LTTS or KPIT? Design-led breadth versus LTTS’s plant-engineering depth and KPIT’s automotive-software purity — Elxsi sells the user-facing layer plus embedded engineering as one offering.
When are Tata Elxsi’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.