Tata Technologies IPO Review & Recommendations

Tata Technologies IPO Peer Comparison

Tata Technologies Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)

Notes:

NAV per Equity Share for our Company is calculated on a diluted basis.

1) All the financial information for the listed industry peers mentioned above is on a consolidated basis

2) Diluted EPS for peers sourced from the annual report for the Financial Year 2023, whereas for Tata Technologies Limited it is based on the Restated Consolidated Financial Information of the Company.

3) The P/E Ratio has been computed based on the closing market price of equity shares on NSE on October 26, 2023, divided by the Diluted EPS provided under Note 2 above.

4) RoNW is computed as profit for the year/period attributable to the owners of the Company divided by the Net Worth at the end of the respective year/period attributable to the owners of our Company.

5) NAV per Equity Share (in ₹) = net worth at the end of the period/year / Weighted number of equity shares outstanding at the end of the period/year.

6) Net Worth means the aggregate of equity share capital and other equity.