AI Summary
✦ ClarthaPrice Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
From 15 analysts
Fundamentals
Fundamentals institutional score is 83 using growth durability 82.6.
Valuation
Valuation institutional score is 99 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
Analyst View institutional score is 14 using mean target upside -4.8%; dispersion penalty 23.9; recommendation breadth from available consensus.
Technical Structure
Technicals institutional score is 77 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
Recent news flow is balanced or not decisive enough to tilt the tape. Based on 1 recent ticker-linked news items.
Signal Summary
Market intelligence remains Neutral. fundamentals and valuation provide support, while analyst consensus and market sentiment remain considerations.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 38.3% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.79). Confidence: 79%.
Live forward EPS implies next-12-month EPS of ₹143.76. Applying the stock's normalized valuation corridor produces a fair range of ₹7,080.18 to ₹9,607.48, with base value near ₹8,424.34 (+120.1% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹143.76
Forward P/E
26.6x
Base Fair Value
₹8,424.34
Fair Range
₹7,080.18 - ₹9,607.48
Upside To Base
+120.1%
Estimate Source
Live forward EPS
Growth Estimate
+18.1%
5Y Average
59.58
Current
36.15
Overvalued
66.83
Undervalued
49.25
5Y Average
10.05
Current
6.10
Overvalued
11.64
Undervalued
8.52
5Y Average
43.31
Current
26.27
Overvalued
50.15
Undervalued
36.71
Peers & Comparison
Sector: Information Technology · Theme: Software Services
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
BLACK BOX LIMITED BBOXSoftware Services | +9.5% | 3.4% | 60.1x Premium | +21% vs avg | +49.6% |
PERSISTENT SYSTEMS LTD PERSISTENTSoftware Services | +29.1% | 12.2% | 45.1x Fair | -9% vs avg | +4.6% |
L&T TECHNOLOGY SER. LTD. LTTSSoftware Services | +2.6% | 11.7% | 30.5x Undervalued | -39% vs avg | -14.1% |
C.E. INFO SYSTEMS LIMITED MAPMYINDIASoftware Services | +14.9% | 28.0% | 40.4x Undervalued | -19% vs avg | -44.9% |
ORACLE FIN SERV SOFT LTD. OFSSSoftware Services | +68.7% | 38.2% | 30.5x Undervalued | -39% vs avg | +41.5% |
CYIENT LIMITED CYIENTSoftware Services | +21.3% | 5.0% | 25.4x Undervalued | -49% vs avg | -26.5% |
NEWGEN SOFTWARE TECH LTD NEWGENSoftware Services | +11.2% | 19.5% | 25.5x Undervalued | -49% vs avg | -34.6% |
PINE LABS LIMITED PINELABSSoftware Services | +19.6% | 4.5% | 140.6x Premium | +182% vs avg | -35.5% |
TATA ELXSI LIMITED trades at a discount (36.2x vs peer avg 49.8x), suggesting potential undervaluation relative to the Software Services cohort. Peers include BLACK BOX LIMITED, PERSISTENT SYSTEMS LTD, L&T TECHNOLOGY SER. LTD. — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹994 CrMar 2026Latest net profit
₹220 CrMar 2026Latest EPS
₹35.37Mar 2026Net margin
22.3%Mar 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Mar 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 838 | 850 | 882 | 914 | 906 | 926 | 955 | 939 | 908 | 892 | 918 | 953 | 994 |
| Expenses | 588 | 599 | 618 | 644 | 645 | 674 | 689 | 693 | 701 | 705 | 725 | 731 | 749 |
| Operating Profit | 229 | 230 | 239 | 245 | 234 | 225 | 239 | 221 | 183 | 162 | 170 | 199 | 221 |
| OPM % | 27.29% | 27.06% | 27.05% | 26.76% | 25.8% | 24.31% | 25.05% | 23.49% | 20.14% | 18.21% | 18.5% | 20.92% | 22.27% |
| Other Income | 25.69 | 22.21 | 31.13 | 34.93 | 35.93 | 32.08 | 64.3 | 39.85 | 43.07 | 38.47 | 48.88 | 46.04 | 50.59 |
| Interest | 4.12 | 3.92 | 5.81 | 5.55 | 7.22 | 4.89 | 4.85 | 4.65 | 4.59 | 4.56 | 4.04 | 3.52 | 4.11 |
| Depreciation | 21.08 | 21.41 | 25.01 | 25.45 | 27.58 | 27.06 | 27.15 | 25.97 | 24.69 | 24.27 | 23.45 | 22.81 | 23.27 |
| Profit before tax | 250 | 248 | 264 | 274 | 262 | 252 | 299 | 256 | 221 | 196 | 215 | 242 | 268 |
| Tax % | 19.46% | 23.96% | 24.19% | 24.68% | 24.95% | 27.07% | 23.19% | 22.22% | 22.14% | 26.47% | 27.9% | 15.45% | 17.71% |
| Net Profit | 202 | 189 | 200 | 206 | 197 | 184 | 229 | 199 | 172 | 144 | 155 | 205 | 220 |
| EPS in Rs | 32.36 | 30.32 | 32.12 | 33.15 | 31.62 | 29.56 | 36.84 | 31.95 | 27.68 | 23.18 | 24.85 | 17.48 | 35.37 |
All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.