Top Artificial Intelligence Stocks 2024

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Here is an overview of key financial metrics and performance indicators for Tata Elxsi Limited, TCS, Wipro, Happiest Minds Technologies, Infosys Limited, Tech Mahindra, HCL Technologies, and Bosch Limited as of June 2024:

1. Tata Elxsi Limited

  • ROE: Approximately 37% for FY24.
  • ROCE: Around 42%.
  • Equity to Debt: Debt-free company.
  • PE Ratio: ~70x.
  • Industry PE Ratio: ~40x (IT sector).
  • Valuation: Overvalued compared to industry average.
  • Promoter Pledging: None.
  • Sales & Profit (Last 3 Years):
    • FY22: ₹2,082 crore, Net Profit: ₹466 crore.
    • FY23: ₹2,474 crore, Net Profit: ₹622 crore.
    • FY24: ₹2,902 crore, Net Profit: ₹718 crore.

2. Tata Consultancy Services (TCS)

  • ROE: ~42%.
  • ROCE: ~50%.
  • Equity to Debt: Low debt levels.
  • PE Ratio: ~28x.
  • Industry PE Ratio: ~24x.
  • Valuation: Slightly overvalued.
  • Promoter Pledging: None.
  • Sales & Profit (Last 3 Years):
    • FY22: ₹1,96,480 crore, Net Profit: ₹38,327 crore.
    • FY23: ₹2,13,124 crore, Net Profit: ₹42,303 crore.
    • FY24: ₹2,33,839 crore, Net Profit: ₹47,272 crore.

3. Wipro

  • ROE: ~17%.
  • ROCE: ~21%.
  • Equity to Debt: Low debt levels.
  • PE Ratio: ~20x.
  • Industry PE Ratio: ~24x.
  • Valuation: Fairly valued.
  • Promoter Pledging: None.
  • Sales & Profit (Last 3 Years):
    • FY22: ₹81,373 crore, Net Profit: ₹12,229 crore.
    • FY23: ₹83,003 crore, Net Profit: ₹11,368 crore.
    • FY24: ₹82,573 crore, Net Profit: ₹10,942 crore.

4. Happiest Minds Technologies

  • ROE: ~24%.
  • ROCE: ~32%.
  • Equity to Debt: Virtually debt-free.
  • PE Ratio: ~75x.
  • Industry PE Ratio: ~40x.
  • Valuation: Overvalued.
  • Promoter Pledging: None.
  • Sales & Profit (Last 3 Years):
    • FY22: ₹971 crore, Net Profit: ₹162 crore.
    • FY23: ₹1,132 crore, Net Profit: ₹207 crore.
    • FY24: ₹1,297 crore, Net Profit: ₹241 crore.

5. Infosys Limited

  • ROE: ~31%.
  • ROCE: ~36%.
  • Equity to Debt: Low debt levels.
  • PE Ratio: ~24x.
  • Industry PE Ratio: ~24x.
  • Valuation: Fairly valued.
  • Promoter Pledging: None.
  • Sales & Profit (Last 3 Years):
    • FY22: ₹1,21,641 crore, Net Profit: ₹22,110 crore.
    • FY23: ₹1,42,193 crore, Net Profit: ₹24,095 crore.
    • FY24: ₹1,55,635 crore, Net Profit: ₹26,750 crore.

6. Tech Mahindra Limited

  • ROE: ~18%.
  • ROCE: ~21%.
  • Equity to Debt: Low debt levels.
  • PE Ratio: ~15x.
  • Industry PE Ratio: ~24x.
  • Valuation: Undervalued.
  • Promoter Pledging: None.
  • Sales & Profit (Last 3 Years):
    • FY22: ₹43,364 crore, Net Profit: ₹5,566 crore.
    • FY23: ₹47,390 crore, Net Profit: ₹6,425 crore.
    • FY24: ₹52,312 crore, Net Profit: ₹6,964 crore.

7. HCL Technologies Limited

  • ROE: ~24%.
  • ROCE: ~30%.
  • Equity to Debt: Low debt levels.
  • PE Ratio: ~18x.
  • Industry PE Ratio: ~24x.
  • Valuation: Fairly valued.
  • Promoter Pledging: None.
  • Sales & Profit (Last 3 Years):
    • FY22: ₹85,651 crore, Net Profit: ₹14,620 crore.
    • FY23: ₹91,928 crore, Net Profit: ₹15,689 crore.
    • FY24: ₹98,563 crore, Net Profit: ₹16,420 crore.

8. Bosch Limited

  • ROE: ~20%.
  • ROCE: ~25%.
  • Equity to Debt: Very low debt.
  • PE Ratio: ~30x.
  • Industry PE Ratio: ~18x (Automobile sector).
  • Valuation: Overvalued.
  • Promoter Pledging: None.
  • Sales & Profit (Last 3 Years):
    • FY22: ₹11,982 crore, Net Profit: ₹1,217 crore.
    • FY23: ₹13,141 crore, Net Profit: ₹1,372 crore.
    • FY24: ₹14,492 crore, Net Profit: ₹1,564 crore.

These metrics provide a snapshot of the financial health and valuation of each company. Notably, several of these companies are trading at higher valuations compared to their respective industry averages, indicating potential overvaluation. However, companies like Tech Mahindra are undervalued based on their PE ratio. The consistent financial performance over the last three years highlights their resilience in the market.

 

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