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×

tata technologies Limited

5,300.00
-1.85 %
Scrip Name
TATA TECH
ISIN No.
INE142M01017
PAN No.
AAACT3092N
Face Value
10
No. of Outstanding Shares
41,806,975
Market Capitalization
22,157.70 Crore

TATA TECHNOLOGIES LIMITED UNLISTED SHARE


TATA TECHNOLOGIES LIMITED (TTL) is a global engineering and product development digital services company enabling its manufacturing clients to build better products and drive efficiencies in their businesses, leading to the development of products that are better for the end customer, environment, and society at large. It is a subsidiary of Tata Motors Limited. The company provides services in engineering and design, product life cycle management, product development, and IT service management. The Company has adopted various globally recognized standards to establish its enterprise-level quality management System(QMS) and Information Security Management System (ISMS).


Tata Technologies Limited was first founded as a business unit of Tata Motors Limited in 1989. Later in 1994, Tata technologies Limited became an independent business unit.


The clients of Tata Technologies Limited are from the automotive, industrial heavy machinery, and aerospace sectors. Tata Technologies Limited has 17 global delivery centers spread across three continents which are North America, Europe, and the Asia Pacific. The company has over 8600 employees.


The Company has been ranked in the Leadership Zone of 2019 Global ER&D Services Zinnov Zones and its ranking has improvedacross almost all the Verticals and Horizontals where it competes at the marketplace. The Company is now positioned as firstamongst all India-based Global ESPs in the Automotive ER&D Services Vertical and the analyst community has recognized thebreadth and depth of its offerings across automotive ER&D services, including the work that the Company is doing in design anddevelopment of EVs and Platforms. The Company is also ranked in the Leadership zone of the Construction & Heavy MachineryER&D services vertical through its capabilities around frugalengineering and vehicle design programs that it is doing for prominentOEMs. The Company is also ranked in the Leadership zone in the Aerospace ER&D servicesvertical.

 

 

INCORPORATION DETAILS


CIN

U72200PN1994PLC013313

Registration Date

22 August 1994

Category / Sub-Category of the Company

Public Company

Address of the Registered office and contact details

Plot No. 25, Rajiv Gandhi Infotech Park, Hinjawadi, Pune 411057, India.

Tel: 020 66529090

Email: investor@tatatechnologies.com

Name, Address and Contact details of Registrar and Transfer Agent, if any

TSR Darashaw Consultants Private Limited

6-10, Haji Moosa Patrawala Industrial Estate,

20, Dr. E. Moses Road,

Nr. Famous Studio, Mahalaxmi, Mumbai - 400011

Tel : 91 22 66568484

 

PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY

Name and Description of main products/services

NIC Code of the product/service

% to total turnover of the Company

Information Technology Services

721

85.34%

Trading in computer hardware/software

721

14.66%



BOARD OF DIRECTORS

Mr. Subramanian Ramadorai (Chairman)

Mr. Warren Harris (CEO & Managing Director)

Mr. Ajoyendra Mukherjee

Mr. Guenter Butschek

Mr. Pathamadai Balachandran Balaji


PARTICULARS OF SUBSIDIARY AND ASSOCIATECOMPANIES

Name of the Company

Holding/Subsidiary/Associate

% of shares held

Tata Technologies Private Limited

Subsidiary

100%

Tata Technologies (Thailand) Limited

Subsidiary

100%

Tata Technologies Europe Limited

Subsidiary

100%

Tata TechnologiesNordics AB

Subsidiary

100%

INCAT International Plc.

Subsidiary

100%

INCAT GmbH (under liquidation)

Subsidiary

100%

Tata Technologies Incorporated

Subsidiary

99.8%

Cambric Limited

Subsidiary

99.8%

Tata Technologies SRL, Romania

Subsidiary

99.8%

Tata Manufacturing Technologies (Shanghai) Company Limited

Subsidiary

100%

Tata HAL Technologies Limited

Associate

50%

 

TATA TECHNOLOGIES LIMITED UNLISTED SHARE DETAILS


Total Available Shares:

12542.09 Crore

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE142M01017

PAN No.

AAACT3092N

Lot Size:

10

Last Traded Price:

Rs.3000

Market Capitalisation:

Rs. 12542.09 Crore

 

SHAREHOLDING PATTERN


(As on 31-03-2021)

 

SHAREHOLDER’S NAME

NO. OF SHARES

% OF TOTAL SHARES OF THE COMPANY

Tata Motors Limited (Promoter)

3,03,00,600

72.48%

Alpha TC Holdings Private Limited

37,46,505

8.96%

Ratan Naval Tata

1,00,000

0.24%

Others

76,59,870

18.32%

Total

4,18,06,975

100.00%

 

 

 

INDUSTRY OUTLOOK

 

FY 2021 has been an unprecedented year for the Technology industry which experienced more disruption in one year than it has over the last 10 years. COVID-19 has been a key trigger for digital transformation driving organizations to undertake major transformation initiatives for improving resilience, increasing agility, and delivering greater efficiencies in the New Normal. The year witnessed significant investments in Digital First and Digital Everywhere solutions to comply with social distancing norms and offer virtual customer experience and ensure contactless engineering, manufacturing, and operations. OEMs have focused on ensuring operations through leveraging digital technologies and productivity tools to work remotely, thereby increasing the level of automation, cloud investments, remote diagnostics tools, and preventive maintenance.

 


 

Zinnov, a global consulting and advisory firm, has projected that the Global Engineering R&D (ER&D) market is expected to grow at a CAGR of 11% from 2020 to 2023 to reach USD 1.9 trillion. Despite the impact of COVID-19 on the industry, digital engineering continues to be the key factor driving ER&D spends, as enterprises across verticals are increasingly prioritizing their R&D efforts towards developing new-age digital products and services to attain resilience in the marketplace. The rapid adoption of intelligent, connected, contactless, and smart initiatives, such as digital thread, digital engineering, intelligent workplaces, contactless operations, leveraging new-age technologies such as IoT, Artificial intelligence, augmented reality/virtual reality (AR/VR) and digital twins is expected to spur ER&D spends across verticals.

 


 

North America dominates the global ER&D spend with 9% growth and market size of USD 833 billion due to the presence of tech giants in the territory, while the Asia Pacific and Europe markets are expected to grow at CAGRs of 6% and 5%, respectively as per the ZinnovZones 2020 – Global ER&D Service Report. The Asia-Pacific region is poised to overshadow Western Europe in terms of ER&D spending by 2025, due to factors such as investments from China.

India’s share in the global ER&D market is expected to grow at a CAGR of 12% and reach US$ 63 billion by 2025 from US$ 31 in 2019. From a Product Engineering perspective, Body engineering is the most outsourced area from OEMs to ESPs.

 


 

PROFIT & LOSS STATEMENT OF TATA TECHNOLOGIES LIMITED(In Rs. Crores)

 


 

PARTICULARS

2021

2020

2019

2018

2017

Revenue from Operations

2,380.91

2,852.05

2,942.21

2,691.48

2,801.95

EBITDA

385.71

470.44

504.86

335.32

496.65

EBITDA margin

16.20%

16.49%

17.16%

12.46%

17.73%

Finance Cost

17.66

15.63

1.29

4.7

4.31

Depreciation

92.2

99.15

68.64

71.43

62.84

Other Income

44.83

44.89

42.23

85.67

30.37

Profit Before Exceptional items, Share of profit from joint venture and Tax

320.68

400.55

477.16

344.86

459.87

Exceptional items

-5.41

-8.58

-6.22

-8.33

-8.25

Share of profit of joint venture

0

0

0

0

-1.46

Total Tax

76.09

140.42

118.34

90.72

99.18

Profit After Tax (PAT)

239.18

251.55

352.6

245.81

350.98

PAT margin

9.86%

8.68%

11.81%

8.85%

12.39%

EPS

57.21

59.78

83.77

58.39

83.37

 

 

 

BALANCE SHEET OF TATA TECHNOLOGIES LIMITED(In Rs. Crores)

 

PARTICULARS

2021

2020

2019

ASSETS




NON CURRENT ASSETS




Tangible assets

319.92

352.11

104.04

Intangible assets

770.00

767.48

740.01

Financial assets

21.91

33.03

74.04

Trade receivables

0.00

15.73

0

Tax assets

64.94

48.14

43.95

Other non-current assets

8.47

7.12

6.95

TOTAL NON CURRENT ASSETS

1,185.24

1,223.61

968.99

CURRENT ASSETS




Inventories

0.00

0

0.04

Financial assets

917.88

199.5

216.96

Trade receivables

453.44

625.07

575.68

Cash and cash equivalents

783.41

389.03

383.93

Tax assets

31.39

26.09

45.41

Other current assets

201.38

109.69

77.98

TOTAL CURRENT ASSETS

2,387.50

1,349.38

1,300.00

TOTAL ASSETS

3,572.74

2,572.99

2,268.99

EQUITY AND LIABILITIES




EQUITY




Equity share capital

41.81

41.81

42.1

Other equity

2,100.36

1,810.80

1,714.90

TOTAL EQUITY

2,142.17

1,852.61

1,757.00

LIABILITIES




NON CURRENT LIABILITIES




Financial liabilities

233.21

229.98

0.37

Provisions

15.20

22.49

24.68

Other non-current liabilities

0.00

15.24

15.98

TOTAL NON CURRENT LIABILITIES

248.41

267.71

41.03

CURRENT LIABILITIES




Financial liabilities

36.53

75.39

18.14

Trade payables

223.66

243.13

294.82

Provisions

11.91

9.79

11.2

Tax liabilities

2.84

15.82

25.5

Other current liabilities

907.22

108.54

121.3

TOTAL CURRENT LIABILITIES

1,182.16

452.67

470.96

TOTAL LIABILITIES

1,430.57

720.38

511.99

TOTAL EQUITY AND LIABILITIES

3,572.74

2,572.99

2,268.99

 

 

 

DIVIDEND AND RETAINED EARNINGS

 

PARTICULARS

2021

2020

2019

2018

Dividend (In Rs.) (final + interim)

0

40

15

30

Retained Earnings (Consolidated) (In Rs. Crores)

1,489.19

1,247.51

1,191.92

993.55













PERFORMANCE OF THE COMPANY

 

Revenue from Operations decreased by around 16.52% from Rs. 2,852.05crore in FY 2020 to Rs. 2,380.91crore in FY 2021. The Revenue from operations primarily decreased due to the overall slowdown in the auto industry in general and China in particular.The Revenue from operations primarily decreased due to the impact of the COVID-19 pandemic and an overall slowdown in the auto industry in general and China in particular.

 

The revenue from the sale of services decreased by 18.2% to Rs. 1,917.74 crore inFY 2021 compared to Rs. 2,343.50crore in FY 2020while product revenue decreased by 8.9% to Rs. 463.16 crore compared to Rs. 508.55croresinFY 2020.

 

The Company earns substantial revenues in USD and GBP. During the year, on average the rupee depreciated against USD by more than 5% over the previous year’s rate while depreciation against GBP was around 8%. As a result of changes in average currency rates during FY 2021, there has been a favorable impact on revenue by Rs.94.11 crore.

 


 

EBITDA fell by18.01%, from Rs. 470.44crore in FY 2020 to Rs. 385.71crore in FY 2021.

 

Finance cost increased to Rs. 17.66crore during FY 2021 compared to Rs. 15.63crore in FY 2020 primarily due to increasing in interest on lease liabilities towards the addition of leased premises in India.

 


 

The exceptional items include Rs. 5.10crore towards the cost of entity restructuring activity and Rs. 0.31 crore towards loss on liquidation of Cambric GmbH.

 


 

The Profit after Taxes (PAT) decreased by 4.92% to Rs. 239.18 crore in FY 2021 from Rs. 251.55 crore during FY 2020. PATmargin as a percentage to total income increased to 9.9% in FY 2021from 8.7% in FY 2020.

 


 

The current Ratio of the company is 2.01, stating that there are no liquidity issues in the company and then can pay off all their current liabilities easily.

 


 

The company has not taken any Long-term or Short-term Borrowings in FY 2021.

 


 

Tata Technologies Limited has not given any dividends for FY 2021.

 


 
























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