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 ₹ 11,33,692 Cr.
- Current Price ₹ 3,133
- High / Low ₹ 4,546 / 2,992
- Stock P/E 23.0
- Book Value ₹ 262
- Dividend Yield 1.91 %
- 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 12.0 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: | 5% |
3 Years: | 0% |
1 Year: | -31% |
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
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Press Release - TCS Signs Landmark Mou With C-DAC To Strengthen India''s Sovereign Cloud Infrastructure
1d - TCS signed MoU with C-DAC on Sep 12, 2025 to develop India sovereign cloud platforms.
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Press Release - TCS Unveils Chiplet-Based System Engineering Services To Accelerate Semiconductor Innovation
2d - TCS launches Chiplet-based System Engineering Services on Sept 11, 2025 supporting UCIe and HBM design.
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Press Release - AI And Digital Twins Set To Redefine Aerospace By 2035, Reveals TCS Study
10 Sep - TCS study: AI and digital twins to reshape aerospace by 2035; survey of 323 executives, 60% value human expertise.
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Press Release - TCS And CEA Partner To Advance Physical AI Research And Innovation In France
9 Sep - TCS and CEA partner to advance Physical AI robotics research and industrial solutions in France; announced September 9, 2025.
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Intimation To Shareholders Holding Shares In Physical Mode Regarding Mandatory Furnishing Of PAN, KYC, Nomination And Bank Details As Per SEBI Circular Dated March 16, 2023
6 Sep - TCS sent SEBI-mandated KYC update communication to shareholders; Forms ISR-1/ISR-2, dated Sept 6, 2025.
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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Jul 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Jul 2024TranscriptNotesPPT
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Oct 2023Transcript PPT
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Oct 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%