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Tata Technologies share price

NSE: TATATECHBSE: 544028IT - ServicesSmall Cap

Tata Technologies Limited · Face value ₹2 · Listed Nov 2023 · Issue price ₹500
Last close ₹658.95up ₹5.40 (0.83%)BSE ₹658.65

Share price at the NSE close on 29 Oct 2026. Previous close ₹653.55.

29 Oct: open ₹653.50, high ₹665.90, low ₹652.05

52-week range of traded prices to 29 Oct 2026
₹507.40Low, 30 Mar 2026₹891.00High, 11 Aug 2026
Market cap
₹26,757 Cr298th largest listed
P/E
47.53
P/E without one-offs
39.89
P/B
6.98
Dividend yield
1.78%
ROE
15.2%
ROE without one-offs
18.1%
ROCE
17.6%
Debt to equity
0.19
Volume, NSE
4,90,29343.8% delivered

Tata Technologies share price chart

Daily closes since Nov 2023, adjusted for splits and bonuses

−6.0%over a year · Nifty MidSmall IT & Telecom +0.1% · Nifty 500 −8.4%

Results20-session average 11,45,641 shares a day, 35.4% delivered

About Tata Technologies

Tata Technologies is a Pune-based product engineering and digital services company that helps manufacturers design, develop and deliver their products.12 Its customers are makers of vehicles, aircraft and industrial heavy machinery, known as original equipment manufacturers (OEMs), and their suppliers, served from delivery centres in India, North America, Europe and Asia-Pacific.3

It reports 2 segments: Services, which provides outsourced engineering, design and digital transformation work, and Technology Solutions, which covers education, upskilling and reskilling, including the iGET IT learning platform, and the resale of engineering software.345 Its own platforms include Chromosome.AI, an AI layer that coordinates product development work, and WATTSync, a digital battery passport that tracks battery data from manufacture through use to recycling.67 At the end of March 2026 it had 20 delivery centres and operated in more than 27 countries.3 Its headcount was 12,895 at the end of September 2026.8

Tata Technologies began in 1989 as a business unit of Tata Motors, was spun off as an independent business unit in 1994 and listed its shares on 30 Nov 2023.910 In 2024 it formed BMW TechWorks India, a joint venture with the BMW Group for automotive software and business IT.9 Its promoter is Tata Motors Passenger Vehicles Limited, which held 53.35% of its shares at the end of March 2026, and Tata Sons Private Limited is part of its promoter group.1112

Tata Technologies key points

Results

  • In the quarter to Sep 2026, consolidated revenue from operations rose 28.4% from a year earlier to ₹16,988 million, or 25.1% organically (leaving out acquired businesses), and net income was ₹1,714 million, against ₹1,655 million.13
  • In the quarter to Sep 2026, operating EBITDA (earnings before interest, tax, depreciation and amortisation, excluding other income) rose 31.5% from a year earlier to ₹2,733 million, a 16.1% margin.1415
  • The company's net cash position fell to about ₹330 crore in the quarter to Sep 2026, from ₹880 crore at the end of the previous quarter, after dividend payments of nearly ₹475 crore.16
  • In the year to Mar 2026, consolidated revenue from operations rose 6.5% to ₹5,505.57 crore and operating EBITDA was ₹852.96 crore, against ₹934.05 crore, a 15.5% margin against 18.1%. Profit after tax fell 19.3% to ₹546.59 crore, after one-off charges of ₹107.73 crore.171819

Business segments

  • Revenue by segment, quarter to Sep 202620
    Itemquarter to Sep 2026quarter to Sep 2025
    Services₹13,557 million₹10,128 million
    Technology Solutions₹3,431 million₹3,105 million
  • In the year to Mar 2026, Services revenue rose 5.7% to ₹4,256.30 crore at a segment margin of 28.9%, and Technology Solutions revenue rose 9.5% to ₹1,249.27 crore at a segment margin of 18.6%.2122

Revenue mix

  • Digital, embedded electronics, software and AI work together made up 56% of what the company calls its Services mix in the quarter to Mar 2026.23
  • Aerospace revenue grew almost 8 times in the 4 years to Mar 2026, reaching an annual run rate (yearly revenue at the current pace) of about $40 million.24
  • The company says its embedded software business grew at a compound annual rate of about 60% over the 3 years to Mar 2026.25

Where revenue comes from

  • Share of revenue from operations by region2627
    Itemyear to Mar 2026year to Mar 2025
    India40.5%40.1%
    United Kingdom26.9%28.7%
    North America23.2%21.2%
    Rest of Europe7.4%6.5%
    Rest of the world2.0%3.5%

Large deal wins

  • In the quarter to Sep 2026 the company secured 5 large deals, including a $138 million full-vehicle engineering programme (developing complete vehicles for the customer) with a European luxury carmaker, spanning 2 vehicle programmes.28
  • In the quarter to Sep 2026, a North American commercial vehicle maker selected the company to lead end-to-end development of a new vehicle platform and its digital ecosystem.29
  • In the quarter to Mar 2026 the company won a full-vehicle programme from a Japanese carmaker, its entry into the Japanese automotive market.3031
  • The company has delivered more than 35 full-vehicle programmes.32

Customers and partners

  • Sales of services and technology solutions to Tata group carmakers, year to Mar 20263334
    Itemyear to Mar 2026
    Jaguar Land Rover, through Tata Technologies Europe₹1,313.16 crore
    Tata Motors Passenger Vehicles₹424.86 crore
  • Sales of services and technology solutions to Tata Motors Limited, the Tata group's maker of trucks and buses, were ₹509.61 crore in the year to Mar 2026.3536
  • Named customers include Airbus, through its EMES3 supplier programme, and Volvo Cars, which selected the company as a strategic supplier for engineering, embedded software and product lifecycle management (PLM) software.3237
  • Its software and cloud partners include Siemens, SAP, PTC, AWS, Microsoft and Dassault Systèmes, with which it moved from Gold to Platinum partner in the year to Mar 2026.3839

What the company expects

  • On its earnings call of 14 Oct 2026, the company said it expects double-digit growth in consolidated revenue for the year to Mar 2027.40
  • On its earnings call of 14 Oct 2026, the company said it expects margin improvement in the second half of the year to Mar 2027, and it called margins of 18% and 20% its guiding goal, without naming a date or which margin.4142
  • On its earnings call of 14 Oct 2026, the company said demand at its German subsidiary ES-Tec remains subdued, particularly from its largest customer, and that it expects conditions to stabilise in 2027 after some further softness in the October to December quarter.43

Recent events

  • On 4 May 2026 the board recommended a final dividend of ₹8.35 and a one-time special dividend of ₹3.35 per share for the year to Mar 2026, ₹11.70 per share in all.44
  • On 27 Nov 2025 the company completed its purchase of 100% of ES-Tec GmbH and its subsidiaries, a Wolfsburg-based automotive engineering group that brought more than 300 German engineers in driver assistance systems (ADAS), connected platforms and embedded software.4546
  • On 26 Nov 2025 its Singapore subsidiary took a $60 million long-term bank loan, repayable over 5 years, to fund the ES-Tec purchase.47

Last updated

All 47 sources, each with its page
  1. 1. Annual report, 3 Jun 2026, page 5
  2. 2. Investor presentation, 14 Oct 2026, page 21
  3. 3. Annual report, 3 Jun 2026, page 83
  4. 4. Annual report, 3 Jun 2026, page 150
  5. 5. Annual report, 3 Jun 2026, page 85
  6. 6. Annual report, 3 Jun 2026, page 12
  7. 7. Annual report, 3 Jun 2026, page 22
  8. 8. Earnings call, 14 Oct 2026, page 13
  9. 9. Annual report, 3 Jun 2026, page 15
  10. 10. Annual report, 3 Jun 2026, page 75
  11. 11. Annual report, 3 Jun 2026, page 48
  12. 12. Annual report, 3 Jun 2026, page 51
  13. 13. Investor presentation, 14 Oct 2026, page 4
  14. 14. Investor presentation, 14 Oct 2026, page 4
  15. 15. Investor presentation, 14 Oct 2026, page 3
  16. 16. Earnings call, 14 Oct 2026, page 12
  17. 17. Annual report, 3 Jun 2026, page 55
  18. 18. Annual report, 3 Jun 2026, page 86
  19. 19. Annual report, 3 Jun 2026, page 150
  20. 20. Investor presentation, 14 Oct 2026, page 8
  21. 21. Annual report, 3 Jun 2026, page 86
  22. 22. Annual report, 3 Jun 2026, page 85
  23. 23. Annual report, 3 Jun 2026, page 10
  24. 24. Annual report, 3 Jun 2026, page 87
  25. 25. Annual report, 3 Jun 2026, page 11
  26. 26. Annual report, 3 Jun 2026, page 85
  27. 27. Annual report, 3 Jun 2026, page 85
  28. 28. Earnings call, 14 Oct 2026, page 5
  29. 29. Investor presentation, 14 Oct 2026, page 6
  30. 30. Annual report, 3 Jun 2026, page 87
  31. 31. Annual report, 3 Jun 2026, page 11
  32. 32. Annual report, 3 Jun 2026, page 83
  33. 33. Annual report, 3 Jun 2026, page 53
  34. 34. Annual report, 3 Jun 2026, page 48
  35. 35. Annual report, 3 Jun 2026, page 51
  36. 36. Annual report, 3 Jun 2026, page 52
  37. 37. Annual report, 3 Jun 2026, page 15
  38. 38. Annual report, 3 Jun 2026, page 29
  39. 39. Annual report, 3 Jun 2026, page 30
  40. 40. Earnings call, 14 Oct 2026, page 10
  41. 41. Earnings call, 14 Oct 2026, page 31
  42. 42. Earnings call, 14 Oct 2026, page 32
  43. 43. Earnings call, 14 Oct 2026, page 9
  44. 44. Exchange filing, 4 May 2026, page 1
  45. 45. Exchange filing, 27 Nov 2025, page 1
  46. 46. Exchange filing, 27 Nov 2025, page 2
  47. 47. Annual report, 3 Jun 2026, page 159

Results

Consolidated; ₹ crore.Tata Technologies quarterly results

Revenue growth, 12 months
+21.9%
Net profit growth, 12 months
−18.8%

Quarter to Sep 2026, against the quarter before

Revenue
₹1,699 Crup 2.05%
Net profit
₹171 Crdown 5.15%
Net margin
10.1%

Revenue by quarter

₹1,317 CrDec 24₹1,286 CrMar 25₹1,244 CrJun 25₹1,323 CrSep 25₹1,366 CrDec 25₹1,572 CrMar 26₹1,665 CrJun 26₹1,699 CrSep 26
Peak revenue ₹1,699 Cr, quarter to Sep 2026; lowest ₹1,244 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

₹169 CrDec 24₹189 CrMar 25₹170 CrJun 25₹166 CrSep 25₹6.64 CrDec 25₹204 CrMar 26₹181 CrJun 26₹171 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue1,3171,2861,2441,3231,3661,5721,6651,699
Net profit1691891701667204181171
Net margin12.8%14.7%13.7%12.5%0.5%13.0%10.9%10.1%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Services segment₹4,256 Crup 5.68%77.3%
  • Technology solutions segment₹1,249 Crup 9.48%22.7%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Tata Technologies PE ratio and valuation

Price to earnings

At or below today's level on 51% of 247 trading days over the last year.

LowestHighest
Its median39.79Industry median18.42
Price to book

At or below today's level on 11% of 615 trading days since May 2024.

LowestHighest
Its median8.05Industry median1.67
Dividend yield

At or below today's level on 85% of 687 trading days since Jan 2024.

LowestHighest
Its median1.49%Industry median0.84%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−22.8%−19.3%−7.2%2.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Tata Technologies shareholding pattern

Shareholding by group

  • Promoters55.17%
  • Foreign institutions6.59%
  • Indian institutions5.54%
  • Individuals and others32.70%
Holder
Tata Motors Passenger Vehicles Limited (Formerly Tata Motors Limited)Promoter53.34%
Tata Capital LimitedPromoter1.84%
Tata Enterprises Overseas LimitedForeign companies1.74%
Life Insurance Corporation of IndiaInsurance companies1.35%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.29 pts, Indian institutions +1.06 pts, mutual funds +0.92 pts.

Mutual fund holdings

73 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 56 of the 61 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 73 funds holding Tata Technologies

Bought for the first time
2
Added
22
Cut
39
Held unchanged
8
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 30 Oct 2025.Tata Technologies insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Tata Technologies competitors and peers

IT Enabled Services, 115 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Tata Technologies in market cap.IT companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
L&T Technology Services logoL&T Technology ServicesLTTS44,37228.826.27+2.4%+20.5%23.2%25.6%1.43%
Inventurus Knowledge Solutions logoInventurus Knowledge SolutionsIKS29,35438.4310.48––33.3%29.6%0.00%
Netweb Technologies India logoNetweb Technologies IndiaNETWEB26,08071.2812.39+174.9%+170.6%27.3%20.5%0.07%
Sagility logoSagilitySAGILITY20,90720.372.04+28.5%+28.5%10.7%12.9%0.34%
Affle 3i logoAffle 3iAFFLE19,87641.605.44+19.8%+19.2%14.5%13.8%0.00%
Black Box logoBlack BoxBBOX14,58464.5311.33+12.2%+5.1%22.1%23.1%0.12%
ESDS Software Solution logoESDS Software SolutionESDS14,311––––––0.00%
Amagi Media Labs logoAmagi Media LabsAMAGI12,051–6.86––––0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Tata Technologies dividend history

Dividend per share, ₹, restated for later splits and bonuses

10Mar 2412Mar 2512Mar 26
Highest ₹11.70 a share, years to Mar 2025 and Mar 2026.
Ex-dateTypePer share
18 Jun 2026Final₹8.35
18 Jun 2026Special₹3.35
16 Jun 2025Final₹8.35
16 Jun 2025Special₹3.35
13 Jun 2024Final₹8.40
13 Jun 2024Special₹1.65
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Tata Technologies announcements

Tata Technologies share price by year

Each calendar year to 2025.Tata Technologies share price history

YearClose at year endChangeHighest closeLowest close
2025643.00−27.9%904.80608.40
2024891.35−24.5%1,181.95889.40
20231,180.15–1,313.001,175.95
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2023 is from its first session, 30 Nov 2023.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026651.00657.60643.75653.55650.884,00,86335.8%
27 Oct 2026670.00672.20653.35657.25659.606,39,38448.4%
26 Oct 2026650.00674.70645.10670.90663.776,34,88436.4%
23 Oct 2026696.50704.50653.25657.35669.788,63,58141.4%
22 Oct 2026692.50707.00685.00689.35695.796,94,43029.0%
21 Oct 2026705.15718.60690.00692.10700.895,22,57038.2%
19 Oct 2026723.85725.45702.30705.15713.844,07,42639.3%
16 Oct 2026741.00743.00720.00723.85728.567,77,34428.7%
15 Oct 2026755.00807.55707.70741.25743.9776,89,98821.7%
Prices in ₹ per share as traded, not adjusted.

Company details