Tata Advanced Systems Ltd
About
Tata Advanced Systems Limited (TASL), established in 2006, is a key aerospace and defense solutions provider and a subsidiary of the Tata Group, founded by Jamshedji Tata. TASL is headquartered in Hyderabad, Telangana. The company is chaired by Banmali Agrawala. TASL is a major player in India's defense sector, aligning with the government’s ‘Make in India’ initiative and partnering with global Original Equipment Manufacturers (OEMs).TASL offers integrated solutions in aerostructures, aero-engines, airborne platforms, defense, security, and land mobility. It operates four advanced manufacturing facilities across Hyderabad and Nagpur. The company has made significant contributions to India's defense and aerospace industry, producing key components for military aircraft and advanced defense systems. An interesting fact about TASL is that the plasma used in their thermal spray process at their Hyderabad facility reaches temperatures hotter than the sun, exceeding 10,000 degrees Celsius, highlighting their cutting-edge technological capabilities.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4827 27.9% | 3773 16.3% | 3243 78.0% | 1822 33.2% | 1368 113.9% | 639 56.3% | 409 -32.0% | 602 -21.7% | 768 270.4% | 207 147.7% | 84 124.0% | 37 2023.9% | 2 - | 0 - |
| Net Operating Income (INR Cr) | 4793 38.15% | 3469 15.34% | 3008 78.31% | 1687 0.00% | 1290 152.52% | 547 45.10% | 377 0.00% | 566 -20.63% | 714 0.00% | 186 123.52% | 83 237.79% | 25 0.00% | 2 0.00% | 0 0.00% |
| Profit (INR Cr) | 177 200.7% | 59 -26.9% | 81 - | -82 - | 84 27.2% | 66 143.3% | 27 42.4% | 19 -61.0% | 49 46.4% | 34 4691.4% | 1 - | -24 - | -17 - | -8 - |
| Assets (INR Cr) | 7151 4.0% | 6877 20.7% | 5696 25.2% | 4550 48.8% | 3059 59.5% | 1917 145.0% | 782 17.1% | 668 46.1% | 457 24.7% | 366 4.6% | 350 2.1% | 343 542.0% | 53 1093.1% | 4 - |
| Net Worth (INR Cr) | 2812 6.5% | 2640 2.4% | 2580 38.0% | 1870 0.0% | 1874 62.1% | 1126 118.5% | 515 0.0% | 283 -0.7% | 285 0.0% | 362 10.2% | 328 0.2% | 327 0.0% | 53 -3525.6% | -2 0.0% |
| Employee Cost (INR Cr) | 552 21.1% | 456 15.0% | 396 36.7% | 290 25.1% | 232 97.8% | 117 12.3% | 104 -13.8% | 121 -3.0% | 125 286.6% | 32 5.4% | 31 25.4% | 24 230.9% | 7 125.7% | 3 - |
| Interest Cost (INR Cr) | 349 | 213 | 201 | 104 | 53 | 13 | 7 | 12 | 9 | 1 | 2 | 1 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 159 | 188 | 46 | 96 | 42 | 11 | 109 | 97 | 163 | 18 | 10 | 6 | 6 | 1 |
| Total Debt (INR Cr) | 3713 | 3272 | 2195 | 2235 | 784 | 447 | 150 | 241 | 96 | 3 | 19 | 14 | 0 | 6 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 3.7% | 1.6% | 2.5% | - | 6.2% | 10.4% | 6.7% | 3.2% | 6.4% | 16.2% | 0.8% | - | - | - |
| Profit As % Of Assets | 2.5% | 0.9% | 1.4% | - | 2.8% | 3.5% | 3.5% | 2.9% | 10.7% | 9.2% | 0.2% | - | - | - |
| Profit As % Of Networth | 6.3% | 2.2% | 3.1% | - | 4.5% | 5.9% | 5.3% | 6.8% | 17.2% | 9.3% | 0.2% | - | - | - |
| Interest Cost to EBITDA % | 49.4% | 68.2% | 66.2% | 158.2% | 28.7% | - | - | 13.8% | 8.1% | 2.8% | 19.7% | - | - | - |
| Debt to Equity Ratio | 1.32 | 1.24 | 0.85 | 1.20 | 0.42 | 0.40 | 0.29 | 0.85 | 0.34 | 0.01 | 0.06 | 0.04 | - | - |
| RONW | 4.6% | 0.3% | -0.5% | - | 4.5% | -2.8% | 0.0% | 6.8% | 14.7% | 8.1% | 0.2% | - | - | - |
| ROCE | 6.7% | 3.6% | 3.6% | -0.5% | 4.7% | -0.7% | 0.0% | 9.5% | 15.4% | 9.1% | 0.6% | 0.0% | 0.0% | 0.0% |