Tata Consultancy Services Ltd
Tata Consultancy Services is the flagship company and a part of Tata group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. [1]
- Market Cap ₹ 12,24,813 Cr.
- Current Price ₹ 3,385
- High / Low ₹ 4,592 / 3,056
- Stock P/E 25.5
- Book Value ₹ 209
- Dividend Yield 1.78 %
- ROCE 78.4 %
- ROE 65.0 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 58.9%
- Company has been maintaining a healthy dividend payout of 87.7%
Cons
- Stock is trading at 16.3 times its book value
- The company has delivered a poor sales growth of 10.4% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
64,673 | 73,578 | 85,864 | 92,693 | 97,356 | 123,170 | 131,306 | 135,963 | 160,341 | 190,354 | 202,359 | 214,853 | |
43,139 | 52,550 | 58,810 | 65,604 | 69,551 | 88,206 | 93,953 | 95,653 | 114,096 | 139,357 | 146,512 | 156,924 | |
Operating Profit | 21,534 | 21,028 | 27,054 | 27,089 | 27,805 | 34,964 | 37,353 | 40,310 | 46,245 | 50,997 | 55,847 | 57,929 |
OPM % | 33% | 29% | 32% | 29% | 29% | 28% | 28% | 30% | 29% | 27% | 28% | 27% |
3,115 | 4,995 | 3,757 | 4,568 | 5,803 | 7,627 | 8,082 | 4,182 | 7,486 | 5,328 | 6,315 | 9,642 | |
Interest | 23 | 80 | 13 | 16 | 30 | 170 | 743 | 537 | 486 | 695 | 673 | 703 |
Depreciation | 1,081 | 1,394 | 1,459 | 1,575 | 1,647 | 1,716 | 2,701 | 3,053 | 3,522 | 3,940 | 3,887 | 4,220 |
Profit before tax | 23,544 | 24,550 | 29,339 | 30,066 | 31,931 | 40,705 | 41,991 | 40,902 | 49,723 | 51,690 | 57,602 | 62,648 |
Tax % | 22% | 22% | 21% | 21% | 21% | 26% | 21% | 24% | 23% | 24% | 24% | 23% |
18,475 | 19,257 | 23,075 | 23,653 | 25,241 | 30,065 | 33,260 | 30,960 | 38,187 | 39,106 | 43,559 | 48,057 | |
EPS in Rs | 47.16 | 49.16 | 58.55 | 60.02 | 65.93 | 80.12 | 88.64 | 83.70 | 104.36 | 106.87 | 120.39 | 132.82 |
Dividend Payout % | 34% | 80% | 37% | 39% | 38% | 37% | 82% | 45% | 41% | 108% | 61% | 95% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 10% |
3 Years: | 10% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 8% |
3 Years: | 8% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 11% |
3 Years: | 1% |
1 Year: | -10% |
Return on Equity | |
---|---|
10 Years: | 46% |
5 Years: | 54% |
3 Years: | 59% |
Last Year: | 65% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 196 | 196 | 197 | 197 | 191 | 375 | 375 | 370 | 366 | 366 | 362 | 362 |
Reserves | 43,856 | 45,221 | 64,816 | 77,825 | 75,675 | 78,523 | 73,993 | 74,424 | 76,807 | 74,172 | 71,758 | 75,255 |
115 | 273 | 178 | 250 | 225 | 39 | 5,262 | 5,912 | 5,855 | 5,659 | 6,145 | 7,577 | |
13,210 | 17,105 | 11,860 | 11,172 | 14,541 | 20,224 | 24,998 | 28,310 | 38,106 | 39,440 | 42,729 | 49,392 | |
Total Liabilities | 57,377 | 62,794 | 77,051 | 89,444 | 90,632 | 99,161 | 104,628 | 109,016 | 121,134 | 119,637 | 120,994 | 132,586 |
5,929 | 7,996 | 9,080 | 9,231 | 9,440 | 9,661 | 16,122 | 16,059 | 16,524 | 15,690 | 14,953 | 16,825 | |
CWIP | 3,048 | 2,707 | 1,640 | 1,477 | 1,238 | 834 | 781 | 861 | 1,146 | 1,103 | 1,450 | 1,318 |
Investments | 5,832 | 3,399 | 24,159 | 42,930 | 37,259 | 30,469 | 27,875 | 30,729 | 31,667 | 38,143 | 32,245 | 32,802 |
42,568 | 48,692 | 42,172 | 35,806 | 42,695 | 58,197 | 59,850 | 61,367 | 71,797 | 64,701 | 72,346 | 81,641 | |
Total Assets | 57,377 | 62,794 | 77,051 | 89,444 | 90,632 | 99,161 | 104,628 | 109,016 | 121,134 | 119,637 | 120,994 | 132,586 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12,942 | 16,320 | 17,986 | 23,132 | 21,587 | 23,998 | 26,603 | 33,822 | 36,127 | 37,029 | 39,142 | 40,816 | |
-7,143 | 586 | -4,478 | -15,834 | 5,728 | 5,876 | 12,967 | -4,539 | 3,755 | 3,460 | 10,833 | 4,874 | |
-5,684 | -16,914 | -9,586 | -10,891 | -26,827 | -27,825 | -39,045 | -32,023 | -32,797 | -47,224 | -47,793 | -46,724 | |
Net Cash Flow | 115 | -9 | 3,922 | -3,593 | 488 | 2,049 | 525 | -2,740 | 7,085 | -6,735 | 2,182 | -1,034 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 82 | 85 | 81 | 65 | 71 | 71 | 80 | 68 | 82 | 82 | 83 | 88 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 82 | 85 | 81 | 65 | 71 | 71 | 80 | 68 | 82 | 82 | 83 | 88 |
Working Capital Days | 52 | 34 | 66 | 63 | 59 | 68 | 69 | 64 | 33 | 27 | 30 | 32 |
ROCE % | 61% | 53% | 52% | 42% | 41% | 53% | 54% | 53% | 61% | 64% | 75% | 78% |
Documents
Announcements
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Press Release - TCS Accelerates Software-Defined Vehicle Innovation In Europe With Launch Of Three New Hubs
2d - TCS launches three new European hubs to boost software-defined vehicle innovation and capabilities.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 19 Jun
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 19 Jun
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Press Release - Council Of Europe Development Bank Partners With TCS To Transform Reconciliation Processes
16 Jun - TCS partners with Council of Europe Development Bank to deploy AI-based reconciliation solution.
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Press Release - TCS Partners With Denmark''s Largest Retailer, Salling Group, To Drive Digital Transformation And AI Enabled Cloud Migration
16 Jun - TCS partners with Salling Group for AI-driven cloud migration and digital transformation across 2,100 stores.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Apr 2025Transcript PPT REC
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Jan 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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Jul 2024TranscriptNotesPPT
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Oct 2023Transcript PPT
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Oct 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Nov 2019TranscriptPPT
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Oct 2018TranscriptPPT
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Oct 2017TranscriptPPT
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Aug 2017TranscriptPPT
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Jan 2016TranscriptNotesPPT
Revenue Breakup Q2FY24[1]
BFSI : 32.6%
Consumer Business : 15.9%
Life Sciences & Healthcare : 10.9%
Technology & Services : 8.6%
Manufacturing : 8.5%
Communication & Media : 6.9%
Energy, Resources and Utilities : 5.6%
Regional Markets & Others : 11%