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 ₹ 10,90,817 Cr.
- Current Price ₹ 3,015
- High / Low ₹ 4,592 / 3,000
- Stock P/E 22.1
- Book Value ₹ 262
- Dividend Yield 1.99 %
- ROCE 64.6 %
- ROE 52.4 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 50.3%
- Company has been maintaining a healthy dividend payout of 83.8%
Cons
- Stock is trading at 11.5 times its book value
- The company has delivered a poor sales growth of 10.2% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
81,809 | 94,648 | 108,646 | 117,966 | 123,104 | 146,463 | 156,949 | 164,177 | 191,754 | 225,458 | 240,893 | 255,324 | 256,148 | |
56,657 | 70,167 | 77,969 | 85,655 | 90,588 | 106,957 | 114,840 | 117,631 | 138,697 | 166,199 | 176,597 | 187,917 | 188,528 | |
Operating Profit | 25,153 | 24,482 | 30,677 | 32,311 | 32,516 | 39,506 | 42,109 | 46,546 | 53,057 | 59,259 | 64,296 | 67,407 | 67,620 |
OPM % | 31% | 26% | 28% | 27% | 26% | 27% | 27% | 28% | 28% | 26% | 27% | 26% | 26% |
1,637 | 3,720 | 3,084 | 4,221 | 3,642 | 4,311 | 4,592 | 1,916 | 4,018 | 3,449 | 3,464 | 3,962 | 4,660 | |
Interest | 39 | 104 | 33 | 32 | 52 | 198 | 924 | 637 | 784 | 779 | 778 | 796 | 818 |
Depreciation | 1,349 | 1,799 | 1,888 | 1,987 | 2,014 | 2,056 | 3,529 | 4,065 | 4,604 | 5,022 | 4,985 | 5,242 | 5,383 |
Profit before tax | 25,402 | 26,298 | 31,840 | 34,513 | 34,092 | 41,563 | 42,248 | 43,760 | 51,687 | 56,907 | 61,997 | 65,331 | 66,079 |
Tax % | 24% | 24% | 24% | 24% | 24% | 24% | 23% | 26% | 26% | 26% | 26% | 25% | |
19,332 | 20,060 | 24,338 | 26,357 | 25,880 | 31,562 | 32,447 | 32,562 | 38,449 | 42,303 | 46,099 | 48,797 | 49,511 | |
EPS in Rs | 48.92 | 50.68 | 61.58 | 66.71 | 67.46 | 83.87 | 86.19 | 87.67 | 104.75 | 115.19 | 126.88 | 134.20 | 136.20 |
Dividend Payout % | 33% | 78% | 35% | 35% | 37% | 36% | 85% | 43% | 41% | 100% | 58% | 94% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 10% |
3 Years: | 10% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 8% |
3 Years: | 8% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 6% |
3 Years: | -4% |
1 Year: | -30% |
Return on Equity | |
---|---|
10 Years: | 41% |
5 Years: | 47% |
3 Years: | 50% |
Last Year: | 52% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 48,999 | 50,439 | 70,875 | 86,017 | 84,937 | 89,071 | 83,751 | 86,063 | 88,773 | 90,058 | 90,127 | 94,394 |
297 | 358 | 245 | 289 | 247 | 62 | 8,174 | 7,795 | 7,818 | 7,688 | 8,021 | 9,392 | |
17,337 | 22,325 | 16,974 | 15,830 | 19,751 | 24,393 | 27,827 | 35,764 | 43,967 | 44,747 | 46,962 | 54,501 | |
Total Liabilities | 66,829 | 73,318 | 88,291 | 102,333 | 105,126 | 113,901 | 120,127 | 129,992 | 140,924 | 142,859 | 145,472 | 158,649 |
9,544 | 11,638 | 11,774 | 11,701 | 11,973 | 12,290 | 20,928 | 21,021 | 21,298 | 20,515 | 19,604 | 23,053 | |
CWIP | 3,168 | 2,766 | 1,670 | 1,541 | 1,278 | 963 | 906 | 926 | 1,205 | 1,234 | 1,564 | 1,546 |
Investments | 3,434 | 1,662 | 22,822 | 41,980 | 36,008 | 29,330 | 26,356 | 29,373 | 30,485 | 37,163 | 31,762 | 30,964 |
50,682 | 57,252 | 52,025 | 47,111 | 55,867 | 71,318 | 71,937 | 78,672 | 87,936 | 83,947 | 92,542 | 103,086 | |
Total Assets | 66,829 | 73,318 | 88,291 | 102,333 | 105,126 | 113,901 | 120,127 | 129,992 | 140,924 | 142,859 | 145,472 | 158,649 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
14,751 | 19,369 | 19,109 | 25,223 | 25,067 | 28,593 | 32,369 | 38,802 | 39,949 | 41,965 | 44,338 | 48,908 | |
-9,452 | -1,807 | -5,010 | -16,895 | 3,104 | 1,645 | 8,968 | -7,956 | -738 | 548 | 6,091 | -2,144 | |
-5,673 | -17,168 | -9,666 | -11,026 | -26,885 | -27,897 | -39,915 | -32,634 | -33,581 | -47,878 | -48,536 | -47,438 | |
Net Cash Flow | -374 | 394 | 4,433 | -2,698 | 1,286 | 2,341 | 1,422 | -1,788 | 5,630 | -5,365 | 1,893 | -674 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 81 | 79 | 81 | 70 | 74 | 68 | 71 | 67 | 80 | 81 | 81 | 84 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 81 | 79 | 81 | 70 | 74 | 68 | 71 | 67 | 80 | 81 | 81 | 84 |
Working Capital Days | 52 | 33 | 62 | 62 | 61 | 70 | 64 | 59 | 33 | 30 | 34 | 34 |
ROCE % | 56% | 50% | 51% | 44% | 39% | 47% | 47% | 49% | 54% | 59% | 64% | 65% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 31 Jul
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Jul - Newspaper Advertisement regarding the opening of special window for re-lodgement of transfer requests of physical shares
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Press Release - TCS Ranked Among Top 20 Global Technology Brands In Brand Finance Tech 100 2025 List
17 Jul - TCS ranked 20th in Brand Finance Tech 100, valued at $21.3B, highlighting AI leadership and global brand growth.
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Press Release - TCS & MIT Sloan Management Review Launch New Research Series; Unveil Roadmap For Human-AI Collaboration In Enterprises
15 Jul - TCS and MIT SMR launch research on AI-human collaboration transforming enterprise decision-making.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
14 Jul - TCS Q1 FY26 earnings: 1.3% revenue growth, $9.4B contracts, 24.5% margin, AI investments, leadership update.
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 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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Jul 2025Transcript PPT REC
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Apr 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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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%