Who are Tata Technologies's main competitors?

Named competitors: Cyient (CYIENT.NS), KPIT Technologies (KPITTECH.NS), L&T Technology Services (LTTS.NS). The cockpit's measured peer set (industry) also includes Servyou Software (603171.SS), SPS Commerce (SPSC), Beijing 51WORLD Digital Twin Technology (6651.HK), Vertex (VERX), Teradata (TDC), XD, Inc. (2400.HK).

How has Tata Technologies stock performed?

Over six months to 6 Nov 2026 the shares returned +5.8% against -5.0% for the median peer; over one year -4.9%.

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Tata TechnologiesTATATECH.NSCompetitor analysis, valuation and peers

India · INR·IT›Packaged Software

Provides engineering and product-development services for automotive, aerospace and industrial manufacturers, spun off from Tata Motors/TCS.

≈ An engineering-services arm, like a smaller AltairMomentum neutral 42

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$2.86B

US dollars, full cap

Free float

40%

of shares outstanding

$/day

$8.21M

20-day average traded

Fwd P/E

34.9×

forward earnings

ROIC−WACC

+2.5 pp

WACC 12.0%

Hurdle

+10 pp

Req g minus delivered

Next earnings

100 days

14 Feb 2027

Close · INR₹665.65

1D-1.0%

1W+2.9%

1M-4.6%

3M-16.9%

6M+5.8%

YTD+3.5%

1Y-4.9%

ATR %3.7%

Beta0.97

52w lowhigh25.3% off high

What Tata Technologies does

Provides engineering and product-development services for automotive, aerospace and industrial manufacturers, spun off from Tata Motors/TCS.

Bills customers for engineers' time and for fixed-price development projects on multi-year programs, so hiring and staff utilization decide income. Tata Motors and its Jaguar Land Rover unit are among the biggest clients, and Tata Motors is the largest shareholder. The company listed separately in 2023.

In one line: An engineering-services arm, like a smaller Altair.

Products and services

Engineering services (ER&D)
Manufacturing IT/PLM consulting
EV/software-defined vehicle engineering

Customers

Tata Motors
Global automotive OEMs
Aerospace manufacturers

Where it sits in the supply chain

Engineering R&D services
Automotive/aerospace design
Manufacturing IT (PLM/CAD)

What could go right

Auto OEM R&D outsourcing growth
EV transition engineering demand

What could go wrong

Tata Motors revenue concentration
Auto sector R&D spending cycles

Moat: narrow (switching costs, process know-how). Deep embedded engineering programs with automakers, plus a captive Tata Motors relationship.

Headquarters: Pune, India · Founded: 1989 · Employees: 14,280

Named competitors

Cyient CYIENT.NS
KPIT Technologies KPITTECH.NS
L&T Technology Services LTTS.NS

Tata Technologies at a glance

Size Tata Technologies (TATATECH.NS) is an India Information Technology company (Packaged Software) with a market value of $2.86B, the 297th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹665.65 on 6 Nov 2026.

Performance Over six months the shares gained 5.8%, against -5.0% for the median peer and 0.0% for the India market (cap-weighted) — 7th highest of 20 in its peer set.

Growth Revenue grew 21.9% over the last twelve months (peer median +8.9%); the operating margin is 12.7% (peer median 3.5%).

Valuation It trades at 34.9× forward earnings against a peer median of 18.6× (6th most expensive of 16).

Price implies For today's price to make sense, revenue must grow about 28% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 2.5 points above its cost of capital (12.0% WACC).

Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Tata Technologies against the median of its 20 peers (local-currency closes).

Tata Technologies financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹63.0B	₹55.1B	₹51.7B	₹51.2B	₹44.1B
Revenue growth	—	+7%	+1%	+16%	—
Gross profit	₹13.8B	₹12.2B	₹12.5B	₹12.3B	₹11.3B
EBITDA	₹9.86B	₹8.67B	₹9.44B	₹9.51B	₹8.26B
Net income	₹5.63B	₹5.47B	₹6.77B	₹6.79B	₹6.24B
Free cash flow	n/a	₹7.74B	₹7.28B	₹2.53B	₹3.69B
Capital expenditure	n/a	₹336M	₹315M	₹918M	₹657M
Total debt	₹11.1B	₹9.38B	₹2.37B	₹2.57B	₹2.55B

Quarterly statements and history in the cockpit →

Tata Technologies competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Tata Technologies is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Tata Technologies is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Tata Technologies is the large dot.

Tata Technologies competitors and peer comparison

Head to head with its named competitors (TATATECH.NS vs CYIENT.NS vs KPITTECH.NS vs LTTS.NS)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Tata Technologies TATATECH.NS	$2.86B	+6%	+22%	13%	34.9×	28.3%
Cyient CYIENT.NS	$1.23B	+24%	+10%	9%	20.2×	20.3%
KPIT Technologies KPITTECH.NS	$1.57B	-25%	+9%	14%	26.3×	14.8%
L&T Technology Services LTTS.NS	$4.79B	+13%	+2%	15%	29.4×	31.0%

How Tata Technologies compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Tata Technologies against its 20 peers (data as of 6 Nov 2026)
Measure	TATATECH.NS	Peer median	Rank in peer set
1-month return	-4.6%	+2.7%	6th lowest of 21
6-month return	+5.8%	-5.0%	7th highest of 20
Distance from 52-week high	-25.3%	-41.5%	7th highest of 21
Revenue growth (TTM)	+21.9%	+8.9%	7th highest of 21
Operating margin	12.7%	3.5%	6th highest of 21
Forward P/E	34.9×	18.6×	6th most expensive of 16
Growth the price implies (Req g, 7 yrs)	28.3%	12.9%	4th most demanding of 14
Growth delivered (Del g)	+18.3%	+15.2%	7th highest of 14
Hurdle (Req g minus delivered)	+10.0 pp	-3.8 pp	4th most demanding of 14
ROIC minus cost of capital	+2.5 pp	-4.5 pp	7th highest of 19
EV / EBITDA	27.7×	12.8×	2nd most expensive of 9
Net debt / EBITDA	0.3×	-1.1×	4th most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Tata Technologies TATATECH.NS	India	$2.86B	+6%	+22%	13%	34.9×	28.3%	+18.3%
Servyou Software 603171.SS	China	$2.84B	-16%	+6%	5%	72.7×	40.3%	+5.9%
SPS Commerce SPSC	United States	$2.90B	+45%	+7%	17%	15.3×	7.3%	+19.2%
Beijing 51WORLD Digital Twin Technology 6651.HK	Hong Kong	$2.91B	-1%	+39%	-38%	n/a	n/a	n/a
Vertex VERX	United States	$2.77B	+14%	+11%	1%	17.4×	57.9%	+14.8%
Teradata TDC	United States	$2.96B	+1%	+1%	8%	11.6×	-5.4%	-2.0%
XD, Inc. 2400.HK	Hong Kong	$2.77B	-28%	+6%	26%	11.9×	3.0%	+14.3%
Intsig Information 688615.SS	China	$2.96B	-26%	+24%	22%	34.9×	12.6%	+22.1%
JWIPC Technology 001339.SZ	China	$2.72B	-19%	+41%	21%	21.9×	n/a	n/a
Beijing Shiji Information Technology 002153.SZ	China	$3.02B	-27%	-4%	-3%	492.7×	n/a	n/a
DHC Software 002065.SZ	China	$3.04B	-23%	-4%	3%	39.5×	14.8%	+7.1%
Shenzhen Infogem Technologies 300085.SZ	China	$3.06B	-23%	+2%	-11%	n/a	n/a	n/a
Liftoff Mobile LFTO	United States	$3.07B	n/a	+35%	36%	18.6×	-7.3%	+35.5%
Via Transportation VIA	United States	$3.07B	+118%	+29%	-17%	259.2×	n/a	n/a
Shijiazhuang Changshan Beiming Technology 000158.SZ	China	$2.64B	-35%	-14%	2%	n/a	n/a	n/a
Cellebrite DI CLBT	United States	$3.13B	-2%	+18%	11%	38.0×	22.8%	+19.5%
Tsinghua Tongfang 600100.SS	China	$3.15B	-22%	-11%	-2%	n/a	30.2%	-10.3%
Urban URBANCO.NS	India	$2.58B	+8%	+36%	-26%	n/a	n/a	n/a
Freshworks FRSH	United States	$3.18B	+37%	+15%	8%	14.5×	12.9%	+27.4%
Wix.com WIX	United States	$3.18B	-5%	+14%	-3%	12.6×	-4.4%	+15.2%
Sinch SINCH.ST	Sweden	$3.19B	+13%	-6%	4%	13.3×	23.8%	+27.5%

Questions

Who are Tata Technologies's main competitors?: Named competitors: Cyient (CYIENT.NS), KPIT Technologies (KPITTECH.NS), L&T Technology Services (LTTS.NS). The cockpit's measured peer set (industry) also includes Servyou Software (603171.SS), SPS Commerce (SPSC), Beijing 51WORLD Digital Twin Technology (6651.HK), Vertex (VERX), Teradata (TDC), XD, Inc. (2400.HK).
Is Tata Technologies expensive compared with its peers?: On forward p/e it trades at 34.9× against a peer median of 18.6×, 6th most expensive of 16 in its peer set. For today's price to make sense, revenue must grow about 28% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Tata Technologies stock performed?: Over six months to 6 Nov 2026 the shares returned +5.8% against -5.0% for the median peer; over one year -4.9%.