Tata Consultancy Services Ltd

Tata Consultancy Services Ltd

₹ 3,811 0.62%
21 Jun - close price
About

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]

Key Points

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%

  • Market Cap 13,78,763 Cr.
  • Current Price 3,811
  • High / Low 4,255 / 3,172
  • Stock P/E 31.1
  • Book Value 199
  • Dividend Yield 1.44 %
  • ROCE 74.8 %
  • ROE 60.4 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 54.0%
  • Company has been maintaining a healthy dividend payout of 69.8%

Cons

  • Stock is trading at 19.1 times its book value
  • Promoter holding has decreased over last quarter: -0.64%
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
36,017 37,722 39,315 40,845 42,459 44,480 46,819 49,275 49,780 49,862 50,165 50,844 51,488
25,065 26,529 27,680 29,140 30,747 32,651 34,037 35,759 36,910 36,726 36,363 36,481 36,942
Operating Profit 10,952 11,193 11,635 11,705 11,712 11,829 12,782 13,516 12,870 13,136 13,802 14,363 14,546
OPM % 30% 30% 30% 29% 28% 27% 27% 27% 26% 26% 28% 28% 28%
864 756 2,524 2,225 1,981 715 1,622 1,558 1,433 1,903 1,755 851 1,806
Interest 111 120 117 126 123 184 125 136 250 138 134 204 197
Depreciation 788 809 844 925 944 960 976 996 1,008 969 979 964 975
Profit before tax 10,917 11,020 13,198 12,879 12,626 11,400 13,303 13,942 13,045 13,932 14,444 14,046 15,180
Tax % 25% 25% 23% 23% 22% 25% 24% 24% 25% 25% 24% 23% 25%
8,174 8,281 10,152 9,959 9,795 8,588 10,059 10,659 9,800 10,484 10,929 10,753 11,393
EPS in Rs 22.10 22.39 27.44 26.92 26.77 23.47 27.49 29.13 26.78 28.65 29.87 29.72 31.49
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
48,426 64,673 73,578 85,864 92,693 97,356 123,170 131,306 135,963 160,341 190,354 202,359
34,120 43,139 52,550 58,810 65,604 69,551 88,206 93,953 95,653 114,096 139,357 146,512
Operating Profit 14,306 21,534 21,028 27,054 27,089 27,805 34,964 37,353 40,310 46,245 50,997 55,847
OPM % 30% 33% 29% 32% 29% 29% 28% 28% 30% 29% 27% 28%
2,230 3,115 4,995 3,757 4,568 5,803 7,627 8,082 4,182 7,486 5,328 6,315
Interest 31 23 80 13 16 30 170 743 537 486 695 673
Depreciation 803 1,081 1,394 1,459 1,575 1,647 1,716 2,701 3,053 3,522 3,940 3,887
Profit before tax 15,703 23,544 24,550 29,339 30,066 31,931 40,705 41,991 40,902 49,723 51,690 57,602
Tax % 19% 22% 22% 21% 21% 21% 26% 21% 24% 23% 24% 24%
12,786 18,475 19,257 23,075 23,653 25,241 30,065 33,260 30,960 38,187 39,106 43,559
EPS in Rs 32.66 47.16 49.16 58.55 60.02 65.93 80.12 88.64 83.70 104.36 106.87 120.39
Dividend Payout % 34% 34% 80% 37% 39% 38% 37% 82% 45% 41% 108% 61%
Compounded Sales Growth
10 Years: 12%
5 Years: 10%
3 Years: 14%
TTM: 6%
Compounded Profit Growth
10 Years: 9%
5 Years: 8%
3 Years: 12%
TTM: 13%
Stock Price CAGR
10 Years: 13%
5 Years: 11%
3 Years: 5%
1 Year: 18%
Return on Equity
10 Years: 44%
5 Years: 50%
3 Years: 54%
Last Year: 60%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 196 196 196 197 197 191 375 375 370 366 366 362
Reserves 32,267 43,856 45,221 64,816 77,825 75,675 78,523 73,993 74,424 76,807 74,172 71,758
Preference Capital 100 0 0 0 0 0 0 0 0 0 0 0
172 115 273 178 250 225 39 5,262 5,912 5,855 5,659 6,145
10,052 13,210 17,105 11,860 11,172 14,541 20,224 24,998 28,310 38,106 39,440 42,729
Total Liabilities 42,686 57,377 62,794 77,051 89,444 90,632 99,161 104,628 109,016 121,134 119,637 120,994
5,104 5,929 7,996 9,080 9,231 9,440 9,661 16,122 16,059 16,524 15,690 14,953
CWIP 1,764 3,048 2,707 1,640 1,477 1,238 834 781 861 1,146 1,103 1,450
Investments 6,324 5,832 3,399 24,159 42,930 37,259 30,469 27,875 30,729 31,667 38,143 32,245
29,493 42,568 48,692 42,172 35,806 42,695 58,197 59,850 61,367 71,797 64,701 72,346
Total Assets 42,686 57,377 62,794 77,051 89,444 90,632 99,161 104,628 109,016 121,134 119,637 120,994

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9,157 12,942 16,320 17,986 23,132 21,587 23,998 26,603 33,822 36,127 37,029 39,142
-3,496 -7,143 586 -4,478 -15,834 5,728 5,876 12,967 -4,539 3,755 3,460 10,833
-5,656 -5,684 -16,914 -9,586 -10,891 -26,827 -27,825 -39,045 -32,023 -32,797 -47,224 -47,793
Net Cash Flow 5 115 -9 3,922 -3,593 488 2,049 525 -2,740 7,085 -6,735 2,182

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 84 82 85 81 65 71 71 80 68 82 82 83
Inventory Days
Days Payable
Cash Conversion Cycle 84 82 85 81 65 71 71 80 68 82 82 83
Working Capital Days 72 52 34 66 63 59 68 69 64 33 27 30
ROCE % 54% 61% 53% 52% 42% 41% 53% 54% 53% 61% 64% 75%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.19% 72.19% 72.19% 72.30% 72.30% 72.30% 72.30% 72.30% 72.30% 72.30% 72.41% 71.77%
15.43% 15.37% 14.98% 14.15% 13.50% 13.05% 12.94% 12.72% 12.46% 12.47% 12.46% 12.70%
7.97% 7.89% 7.93% 7.81% 8.36% 8.53% 9.25% 9.58% 9.80% 10.01% 10.03% 10.61%
0.04% 0.04% 0.04% 0.04% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.06%
4.38% 4.51% 4.86% 5.70% 5.80% 6.06% 5.45% 5.36% 5.38% 5.17% 5.03% 4.86%
No. of Shareholders 11,30,83412,28,54015,77,35824,74,31025,02,38527,03,96625,56,97024,99,38425,02,83523,67,00323,36,01622,03,209

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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