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 ₹ 11,04,964 Cr.
- Current Price ₹ 3,054
- High / Low ₹ 4,592 / 2,992
- Stock P/E 22.4
- Book Value ₹ 262
- Dividend Yield 1.96 %
- 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 11.7 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: | -2% |
1 Year: | -32% |
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 - Finnish Retailer Kesko Partners With TCS To Drive AI-Powered Retail Transformation
20 Aug - TCS partners with Kesko for multi-year SAP S/4, AI-enabled application managed services across Nordics and Baltics.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Aug - Newspaper Advertisement regarding initiation of 100 days campaign named "Saksham Niveshak" by Investor Education and Protection Fund Authority, Ministry of Corporate affairs.
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Press Release - TCS Launches New AI-Enhanced Operations Center In Latin America
19 Aug - TCS opens AI-enhanced Mexico City operations center, expanding Latin America presence and creating jobs.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Aug - Reminder letter to shareholders - Unclaimed Dividend (Second Interim Dividend 2018-19)
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Press Release - TCS Partners With Now Corporation To Power Philippines'' Sovereign Data Cloud And Financial Inclusivity
11 Aug - TCS partners with NOW Corp to build Philippines' sovereign cloud and boost digital infrastructure.
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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Aug 2024Transcript PPT REC
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Jul 2024TranscriptNotesPPT
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Apr 2024Transcript PPT REC
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Jan 2024Transcript PPT REC
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Oct 2023Transcript PPT
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Oct 2021TranscriptPPT
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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%