Subscribe to Tata Technologies: Geojit

Geojit, has come out with its report on Tata Technologies. The research firm has recommended to “ Subscribe ” the ipo in its research report as on November 21 2023.

Broker Research

November 22, 2023 / 20:15 IST

IPO

Geojit, IPO report on Tata Technologies

Tata Technologies Ltd. (TTL), established in 1994, a subsidiary of the Tata Motors, is a prominent global engineering services company. Specializing in product development and digital solutions, including turnkey solutions, TTL serves global original equipment manufacturers (OEMs) and their Tier 1 suppliers. The key business segments include Services (contributes ~80% of FY23 revenue) and Technology solutions (contributes to ~20% of FY23 revenue). As of September 30, 2023, they operate 19 global delivery centres distributed across North America, Europe, and the Asia Pacific region. The client portfolio includes anchor clients Tata Motors and JLR, along with prominent traditional OEMs like Airbus, McLaren, Honda, Ford, and Cooper Standard.

Valuation and Outlook

Its strong brand legacy, extensive automotive expertise, diversified global presence and strategic partnership with industry leaders provide a distinct advantage that aligns well with its growth ambitions. Hence, we assign a “Subscribe” rating on a medium to long-term basis.

For all IPO report, click here