Archive · 16 Jan 2026
Tata Group Firms Report Mixed Results
Two companies under Tata Sons, Tata Elxsi and NELCO, have recently reported their financial results.
Tata Elxsi's stock has dropped by 37% over the past two years, but it has performed well over longer periods, with gains of 121% in five years and 484% in ten years.
In the last quarter (Q3 of FY26), the company's profit dropped by 45% due to a one-time impact of new labor laws.
Different financial experts have different opinions on the stock.
Some think it's too expensive and suggest selling it, while others believe it's a good time to buy.
On the other hand, NELCO reported a net loss of ₹1.19 crore in Q3 FY26, compared with a net profit of ₹4.95 crore in the same period last year.
The company's revenue saw a modest decline of 3%.
The Managing Director and CEO of NELCO mentioned that the company had made a conservative cost provision in line with accounting standards, factoring in anticipated changes under new labor regulations.
Both companies are monitoring developments around the final implementation of the labor codes and will make adjustments as required.
Tata Elxsi stock has fallen 37% in two years but gained 121% in five years and 484% in ten years.
Tata Elxsi shares dropped 5% to Rs 5,501.90 in the previous session, with a market cap of Rs 34,274 crore.
Tata Elxsi Q3 FY26 net profit fell 45% to Rs 108.89 crore due to a one-time impact of Rs 95.69 crore from New Labour Codes.
Brokerages have mixed views on Tata Elxsi: Elara Capital and MOFSL recommend selling with targets of Rs 4,520 and Rs 4,700, respectively, while JPMorgan is neutral with a target of Rs 5,100.
NELCO reported a net loss of ₹1.19 crore in Q3 FY26, with revenue declining 3% year-on-year to ₹78.3 crore.
- Who
- Tata Elxsi Ltd and NELCO Ltd, subsidiaries of Tata Sons
- What
- Stock performance, financial results, and impact of new labor codes
- When
- Over two years, with recent data from Q3 FY26
- Where
- India, with operations across multiple industries
- Why
- To inform investors about the stock's performance, financial results, and brokerage recommendations
- Tata Elxsi Stock Performance
- Down 37% in two years, 10% in six months and a year, 121% in five years, 484% in ten years
- Tata Elxsi Current Share Price
- Rs 5,501.90
- Tata Elxsi Market Cap
- Rs 34,274 crore
- Tata Elxsi Q3 Net Profit
- Rs 108.89 crore (45% fall)
- Tata Elxsi Exceptional Item
- Rs 95.69 crore due to New Labour Codes
- Tata Elxsi Brokerage Targets
- Elara Capital: Rs 4,520 (Sell), MOFSL: Rs 4,700 (Sell), JPMorgan: Rs 5,100 (Neutral)
- Tata Elxsi Valuation
- Trading at 45x/38x on FY27E/FY28E P/E
- Tata Elxsi Key Verticals
- Transportation, Healthcare, Automotive, Broadcast, Communications
- NELCO Q3 Net Loss
- ₹1.19 crore
- NELCO Q3 Revenue
- ₹78.3 crore (3% decline)
- NELCO Q3 Sales
- ₹78.30 crore (3% decline)
- NELCO Share Price
- ₹700.35 (down 0.41%)
Sources
Multibagger Tata Group stock is down 37% in two years, time to buy?
Behind the ₹4,500-crore profit slump: Why India’s IT majors TCS, Infosys, HCLTech, Tata Elxsi took a Q3 earnings hit
NELCO Q3 Results: Tata Group firm slips into loss as revenue declines 3%
