NSE: TCS
BSE: TCS
Information Technology
Tata Consultancy Services Ltd.
Tata Consultancy Services Ltd. is a leading player in the Information Technology industry operating in India.
Current Price
₹1571.25
52W High/Low: ₹1854.07 / ₹1225.58
Market Cap
₹1298661.69 Cr.
Stock P/E
65.48
Book Value
₹140.67
Dividend Yield
1.69%
ROCE
31.62%
ROE
28.22%
Debt
₹411487.13 Cr.
Cash
₹246892.28 Cr.
Intrinsic Value
₹1806.94
Industry P/E
58.93
Promoter Holding
59.77%
EPS (TTM)
₹24.00
Candlestick & Volume Chart
Pros
- Company has reduced debt significantly and is almost debt free.
- Company has been maintaining a healthy dividend payout of 1.69%.
- Solid return on equity (ROE) of 28.22% over the last 3 years.
- Robust ROCE at 31.62%, indicating excellent capital efficiency.
Cons
- The stock is trading at 11.17x book value, which may be on the higher side.
- Promoter holding has remained flat at 59.77% in recent quarters.
- Sales growth has been moderate compared to sector leaders in the past year.
Peer Comparison (Sector: Information Technology)
| Company | Price (₹) | Mkt Cap (₹ Cr.) | P/E | P/B | ROE (%) | ROCE (%) | Debt (₹ Cr.) | Div Yield (%) | Sales Growth (%) | Profit Growth (%) |
|---|---|---|---|---|---|---|---|---|---|---|
| Tata Consultancy Services Ltd. Current | ₹1571.25 | 1298661.69 | 65.48 | 11.17 | 28.22% | 31.62% | 411487.13 | 1.69% | 33.54% | 40.92% |
| Infosys Ltd. | ₹2502.20 | 285105.44 | 25.42 | 4.30 | 31.53% | 49.05% | 52479.02 | 2.01% | 28.69% | 18.70% |
| Wipro Ltd. | ₹2264.70 | 642673.18 | 63.20 | 9.78 | 39.75% | 27.66% | 214527.81 | 3.08% | 10.62% | 34.90% |
| Affle 3i Ltd. | ₹4010.24 | 1204137.30 | 34.90 | 8.44 | 34.06% | 53.93% | 317727.61 | 3.25% | 10.27% | 28.06% |
| Birlasoft Ltd. | ₹302.28 | 208739.87 | 23.14 | 9.45 | 21.44% | 44.81% | 35707.38 | 1.66% | 32.44% | 13.70% |
| C.E. Info Systems Ltd. | ₹1031.59 | 1002189.08 | 32.59 | 10.98 | 9.17% | 34.40% | 138021.38 | 2.66% | 17.77% | 29.49% |
| Coforge Ltd. | ₹3664.03 | 1440405.57 | 74.06 | 5.55 | 15.93% | 29.45% | 87148.10 | 0.74% | 30.20% | 18.36% |
| Cyient Ltd. | ₹1377.11 | 1135219.11 | 58.02 | 5.50 | 38.06% | 10.19% | 352838.45 | 2.54% | 24.86% | 28.61% |
| HCL Technologies Ltd. | ₹2195.62 | 927190.30 | 71.39 | 6.44 | 17.69% | 26.21% | 303996.78 | 1.79% | 24.53% | 38.22% |
| Hexaware Technologies Ltd. | ₹2562.48 | 1454061.23 | 36.59 | 10.62 | 15.71% | 16.31% | 177297.11 | 1.93% | 5.59% | 23.21% |
| Intellect Design Arena Ltd. | ₹183.65 | 1251533.81 | 49.71 | 9.26 | 29.94% | 28.75% | 391719.78 | 3.75% | 16.95% | 19.72% |
| Inventurus Knowledge Solutions Ltd. | ₹3852.57 | 1443214.01 | 63.12 | 10.49 | 47.93% | 43.90% | 465247.58 | 2.65% | 11.94% | 34.42% |
| KPIT Technologies Ltd. | ₹335.29 | 1367215.08 | 59.57 | 5.16 | 35.48% | 35.77% | 352881.54 | 2.38% | 33.12% | 18.02% |
| L&T Technology Services Ltd. | ₹3890.38 | 1257680.32 | 37.81 | 9.11 | 37.53% | 16.63% | 348440.20 | 0.97% | 26.91% | 11.94% |
| LTM Ltd. | ₹2820.24 | 1357782.65 | 73.00 | 9.78 | 10.44% | 17.98% | 348909.17 | 2.52% | 32.98% | 22.40% |
| Latent View Analytics Ltd. | ₹4381.63 | 231993.79 | 39.17 | 2.01 | 20.10% | 16.50% | 28861.70 | 3.21% | 24.73% | 39.77% |
| MphasiS Ltd. | ₹1730.33 | 1036826.76 | 25.35 | 5.65 | 10.01% | 26.03% | 67974.02 | 4.29% | 16.45% | 28.19% |
| Netweb Technologies India Ltd. | ₹1105.03 | 802475.69 | 52.62 | 5.36 | 35.89% | 48.46% | 105698.30 | 0.28% | 21.59% | 23.24% |
| Newgen Software Technologies Ltd. | ₹1568.62 | 985313.07 | 57.75 | 4.76 | 20.43% | 51.22% | 67070.84 | 3.19% | 21.44% | 34.01% |
| Oracle Financial Services Software Ltd. | ₹1874.34 | 622033.68 | 9.02 | 7.51 | 10.00% | 17.00% | 54662.49 | 0.31% | 25.27% | 11.22% |
| Persistent Systems Ltd. | ₹2343.10 | 1353837.52 | 34.22 | 11.27 | 46.80% | 11.28% | 395482.90 | 0.75% | 30.21% | 28.37% |
| Sagility Ltd. | ₹1179.62 | 904424.72 | 21.00 | 7.50 | 30.59% | 11.33% | 46354.55 | 0.76% | 33.11% | 27.42% |
| Sonata Software Ltd. | ₹2593.11 | 780521.29 | 58.46 | 5.80 | 36.21% | 50.64% | 258340.10 | 0.76% | 31.92% | 38.24% |
| Tata Elxsi Ltd. | ₹1854.99 | 208936.29 | 48.94 | 10.94 | 27.28% | 53.45% | 57050.02 | 3.92% | 8.22% | 15.55% |
| Tata Technologies Ltd. | ₹161.74 | 75736.04 | 40.68 | 5.78 | 37.37% | 25.60% | 4022.59 | 3.12% | 32.40% | 24.52% |
| Tech Mahindra Ltd. | ₹3476.73 | 1488750.37 | 68.51 | 11.45 | 17.56% | 11.43% | 224886.86 | 4.34% | 20.72% | 36.81% |
| Zensar Technolgies Ltd. | ₹312.77 | 808162.56 | 69.62 | 4.59 | 38.98% | 30.16% | 32687.99 | 0.31% | 20.19% | 27.68% |
Quarterly Financial Trends
| Quarter | Sales (₹ Cr.) | Expenses (₹ Cr.) | Operating Profit (₹ Cr.) | OPM (%) | Other Income (₹ Cr.) | Interest (₹ Cr.) | Depreciation (₹ Cr.) | Profit Before Tax (₹ Cr.) | Tax (%) | Net Profit (₹ Cr.) | EPS (₹) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2025 | 16795.51 | 13772.32 | 3023.19 | 18.00% | 335.91 | 251.93 | 503.87 | 2603.30 | 25.00% | 1952.48 | 19.52 |
| Sep 2025 | 17504.54 | 14353.72 | 3150.82 | 18.00% | 350.09 | 262.57 | 525.14 | 2713.20 | 25.00% | 2034.90 | 20.35 |
| Dec 2025 | 18284.28 | 14993.11 | 3291.17 | 18.00% | 365.69 | 274.26 | 548.53 | 2834.06 | 25.00% | 2125.55 | 21.26 |
| Mar 2026 | 19019.89 | 15596.31 | 3423.58 | 18.00% | 380.40 | 285.30 | 570.60 | 2948.08 | 25.00% | 2211.06 | 22.11 |
| Jun 2026 | 19617.41 | 16086.28 | 3531.13 | 18.00% | 392.35 | 294.26 | 588.52 | 3040.70 | 25.00% | 2280.52 | 22.81 |
| Q1 FY25 | 64933.08 | 0.00 | 15583.94 | 17.00% | 1298.66 | 1298.66 | 2597.32 | 10389.29 | 25.00% | 7791.97 | 6.00 |
| Q2 FY25 | 64933.08 | 0.00 | 15583.94 | 17.12% | 1298.66 | 1298.66 | 2597.32 | 10389.29 | 25.00% | 7791.97 | 6.00 |
| Q3 FY25 | 64933.08 | 0.00 | 15583.94 | 12.32% | 1298.66 | 1298.66 | 2597.32 | 10389.29 | 25.00% | 7791.97 | 6.00 |
| Q4 FY25 | 64933.08 | 0.00 | 15583.94 | 18.82% | 1298.66 | 1298.66 | 2597.32 | 10389.29 | 25.00% | 7791.97 | 6.00 |
Yearly Profit & Loss Statements
| Year | Sales (₹ Cr.) | Expenses (₹ Cr.) | Operating Profit (₹ Cr.) | OPM (%) | Other Income (₹ Cr.) | Interest (₹ Cr.) | Depreciation (₹ Cr.) | Profit Before Tax (₹ Cr.) | Tax (%) | Net Profit (₹ Cr.) | EPS (₹) | Div Payout (%) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | 68534.94 | 55513.30 | 13021.64 | 19.00% | 1370.70 | 1028.02 | 2056.05 | 11308.27 | 25.00% | 8481.20 | 102.57 | 20.00% |
| Mar 2023 | 77107.58 | 62457.14 | 14650.44 | 19.00% | 1542.15 | 1156.61 | 2313.23 | 12722.75 | 25.00% | 9542.06 | 107.77 | 20.00% |
| Mar 2024 | 81754.00 | 66220.74 | 15533.26 | 19.00% | 1635.08 | 1226.31 | 2452.62 | 13489.41 | 25.00% | 10117.06 | 112.97 | 20.00% |
| Mar 2025 | 86870.78 | 70365.33 | 16505.45 | 19.00% | 1737.42 | 1303.06 | 2606.12 | 14333.68 | 25.00% | 10750.26 | 118.17 | 20.00% |
| Mar 2026 | 91230.64 | 73896.82 | 17333.82 | 19.00% | 1824.61 | 1368.46 | 2736.92 | 15053.06 | 25.00% | 11289.79 | 123.37 | 20.00% |
Balance Sheet Summary
| Year | Share Capital (₹ Cr.) | Reserves (₹ Cr.) | Borrowings (₹ Cr.) | Other Liabilities (₹ Cr.) | Total Liabilities (₹ Cr.) | Fixed Assets (₹ Cr.) | CWIP (₹ Cr.) | Investments (₹ Cr.) | Other Assets (₹ Cr.) | Total Assets (₹ Cr.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | 11186.00 | 209737.50 | 7790.00 | 31460.62 | 260174.12 | 143095.77 | 13008.71 | 52034.83 | 52034.83 | 260174.12 |
| Mar 2023 | 11186.00 | 224419.12 | 7556.30 | 33662.87 | 276824.29 | 152253.36 | 13841.21 | 55364.86 | 55364.86 | 276824.29 |
| Mar 2024 | 11186.00 | 239100.75 | 7322.60 | 35865.11 | 293474.46 | 161410.95 | 14673.72 | 58694.89 | 58694.89 | 293474.46 |
| Mar 2025 | 11186.00 | 253782.38 | 7088.90 | 38067.36 | 310124.63 | 170568.55 | 15506.23 | 62024.93 | 62024.93 | 310124.63 |
| Mar 2026 | 11186.00 | 268464.00 | 6855.20 | 40269.60 | 326774.80 | 179726.14 | 16338.74 | 65354.96 | 65354.96 | 326774.80 |
Statement of Cash Flows
| Year | Cash from Operating Activity (₹ Cr.) | Cash from Investing Activity (₹ Cr.) | Cash from Financing Activity (₹ Cr.) | Net Cash Flow (₹ Cr.) |
|---|---|---|---|---|
| Mar 2022 | 20973.75 | -14681.62 | -5243.44 | 1048.69 |
| Mar 2023 | 22232.18 | -15562.52 | -5558.04 | 1111.61 |
| Mar 2024 | 23490.60 | -16443.42 | -5872.65 | 1174.53 |
| Mar 2025 | 24749.02 | -17324.32 | -6187.26 | 1237.45 |
| Mar 2026 | 26007.45 | -18205.22 | -6501.86 | 1300.37 |
Key Financial Ratios
| Year | ROCE (%) | ROE (%) | Debtor Days | Inventory Turnover | Interest Coverage Ratio |
|---|---|---|---|---|---|
| Mar 2022 | 31.62% | 28.22% | 38 Days | 6.2 | 15.4 |
| Mar 2023 | 31.62% | 28.22% | 38 Days | 6.2 | 15.4 |
| Mar 2024 | 31.62% | 28.22% | 38 Days | 6.2 | 15.4 |
| Mar 2025 | 31.62% | 28.22% | 38 Days | 6.2 | 15.4 |
| Mar 2026 | 31.62% | 28.22% | 38 Days | 6.2 | 15.4 |
Management Credibility Scorecard
5-Year Historical Guidance vs. Actual Achievement Track Record
Overall Score: 69/100
Reliability %
69.00%
Achieved / Total
8 / 12
Delayed Commitments
2
Avg Delay (Months)
0.10 mo
5-Year Forecast History
| FY Guidance | Metric & Statement | Target vs Actual | Source & Page | Status | Local PDF |
|---|---|---|---|---|---|
| FY2026 |
Revenue Growth
Aiming for 14% growth driven by Enterprise GenAI deployment.
|
Target: 14.0% (FY2027)
Actual: 14.2%
|
Annual Report
Page 28
|
Achieved | View PDF |
| FY2025 |
EBITDA Margin
Targeting margin improvement of 100-150 bps to 26.5%.
|
Target: 26.5% (FY2026)
Actual: In Progress
|
Concall Transcript
Page 9
|
Pending | View PDF |
| FY2025 |
Revenue Growth
Projecting 12.5% constant currency revenue expansion.
|
Target: 12.5% (FY2026)
Actual: In Progress
|
Annual Report
Page 38
|
Pending | View PDF |
| FY2024 |
EBITDA Margin
Operating margin target maintained at 26-28% range.
|
Target: 26.0% (FY2025)
Actual: 26.2%
|
Concall Transcript
Page 14
|
Achieved | View PDF |
| FY2024 |
Order Book
Annual TCV target of $34-38 Billion.
|
Target: $35B (FY2025)
Actual: $35.4B
|
Investor Presentation
Page 10
|
Achieved | View PDF |
| FY2024 |
Revenue Growth
Revenue expected to grow by 10-12% led by Cloud and AI demand.
|
Target: 11.0% (FY2025)
Actual: 11.5%
|
Annual Report
Page 42
|
Achieved | View PDF |
| FY2023 |
Capacity Expansion
Commissioning new delivery center in Indore by Dec 2023.
|
Target: Completed Dec 2023 (FY2024)
Actual: Completed Jan 2024
|
Investor Presentation
Page 22
|
Delayed | View PDF |
| FY2023 |
EBITDA Margin
Expect operating margin to expand towards 25.5%.
|
Target: 25.5% (FY2024)
Actual: 24.6%
|
Concall Transcript
Page 16
|
Partially | View PDF |
| FY2023 |
Revenue Growth
Targeting 12-14% constant currency revenue growth.
|
Target: 13.0% (FY2024)
Actual: 13.7%
|
Annual Report
Page 40
|
Achieved | View PDF |
| FY2022 |
EBITDA Margin
Maintain operating margin aspirational band of 26-28%.
|
Target: 26.0% (FY2023)
Actual: 24.1%
|
Concall Transcript
Page 12
|
Partially | View PDF |
| FY2022 |
Order Book
Total Contract Value (TCV) target of $30+ Billion.
|
Target: $30B (FY2023)
Actual: $34.1B
|
Investor Presentation
Page 8
|
Achieved | View PDF |
| FY2022 |
Revenue Growth
Targeting double-digit USD revenue growth above 15% YoY.
|
Target: 15.0% (FY2023)
Actual: 16.2%
|
Annual Report
Page 34
|
Achieved | View PDF |
Local Filing Document Archive
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Tata Consultancy Services Limited FY2026 Concall Transcript
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Tata Consultancy Services Limited FY2026 Investor Presentation
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Tata Consultancy Services Limited FY2026 Quarterly Results
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Tata Consultancy Services Limited FY2025 Annual Report
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Tata Consultancy Services Limited FY2025 Concall Transcript
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Tata Consultancy Services Limited FY2024 Annual Report
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Exchange Announcements & News
Audited Financial Results For The Quarter Ended June 30, 2026
July 10, 2026The board of directors approved the quarterly financial reports, showing a sales growth of 33.54% YoY.
Media Release - Performance Highlights And Expansion Strategy
July 08, 2026Annual general meeting outlines capital allocation, targeting green initiatives and tech development to boost ROCE.
FOLIUX AI Score
60/100
Fair Hold
Detailed Breakdown
Buy Score
78%
Valuation Score
73%
Growth Score
77%
Financial Health
89%
Technical Strength
77%