Tata Exlsi: CMP:132 Target Price:175, Return Expected after brokerage(Buy/Sell) 30%

Tata Exlsi: CMP:132 Target Price:175, Return Expected after brokerage(Buy/Sell) 30%

In year 1989, Tata Exlsi was incorporated on 30th March, as a Public Limited Company and obtained the Certificate of Commencement of Business on 5th May. The Company was promoted as a joint venture between Tata Industries, Ltd. (TIL) and Tata Elxsi (Plc.), Ltd. (TEPL), Singapore.
It’s key products are: Visual computing labs (Animation movies) & product design services.
43% holding by Tata group with good corporate goverance.

Key Financial Highlights: Year-on Year basis- Mar’09 Audited
Sales gwth:4%,
Operating margin: 19%
Net profit margin: 13%
Book Value Inclusive reserves: 38
Return on Net worth: 48%
Dividend per share:7

Qtr-Qtr Basis: Mar’09 compared to Mar’08
Sales gwth: -4%,
Operating margin: 26%
Net profit margin: 21%
Sales was down from 111 to 106 (4%down)
Net profit was up from 17.55 to 52.67

Face Value: 10,
Group B,
Industry type: Software.
Refer Company website for further details
***I do hold this script at levels 80-90 odds since Oct'08

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