Tata Consultancy Services Ltd

₹ 2,982 -0.84%
23 Sep - close price
tcs.com BSE: 532540 NSE : TCS
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
Based on Industry classification, company operates in 5 key verticals i.e. Banking, finance services & insurance (BFSI) which accounts for 39% of revenues, followed by, retail & consumer business (17%), Communication, media & technology (16%), Manufacturing (11%) & other platforms which accounts for the rest 17% of revenues.[1]

Website BSE NSE
  • Market Cap ₹ 1,091,147 Cr.
  • Current Price ₹ 2,982
  • High / Low ₹ 4,046 / 2,953
  • Stock P/E 28.1
  • Book Value ₹ 244
  • Dividend Yield 1.44 %
  • ROCE 54.9 %
  • ROE 43.6 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 40.0%
  • Company has been maintaining a healthy dividend payout of 56.4%

Cons

  • Stock is trading at 12.2 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.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Large

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
38,172 38,977 39,854 39,946 38,322 40,135 42,015 43,705 45,411 46,867 48,885 50,591 52,758
28,135 28,752 28,983 28,970 28,298 28,622 29,807 30,904 32,748 33,751 35,452 36,746 39,342
Operating Profit 10,037 10,225 10,871 10,976 10,024 11,513 12,208 12,801 12,663 13,116 13,433 13,845 13,416
OPM % 26% 26% 27% 27% 26% 29% 29% 29% 28% 28% 27% 27% 25%
1,675 1,361 818 738 598 -304 691 931 721 1,111 1,205 981 789
Interest 257 193 223 251 142 174 183 138 146 142 251 245 199
Depreciation 817 864 897 951 976 998 1,024 1,067 1,075 1,116 1,196 1,217 1,230
Profit before tax 10,638 10,529 10,569 10,512 9,504 10,037 11,692 12,527 12,163 12,969 13,191 13,364 12,776
Tax % 23% 23% 23% 23% 26% 25% 25% 26% 26% 26% 26% 25% 25%
Net Profit 8,153 8,058 8,143 8,093 7,049 7,504 8,727 9,282 9,031 9,653 9,806 9,959 9,519
EPS in Rs 21.67 21.43 21.63 21.45 18.68 19.92 23.19 25.00 24.35 26.02 26.41 27.13 25.90
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
37,325 48,894 62,989 81,809 94,648 108,646 117,966 123,104 146,463 156,949 164,177 191,754 199,101
26,146 34,459 44,950 56,657 70,167 77,969 85,655 90,588 106,957 114,840 117,631 138,697 145,291
Operating Profit 11,178 14,435 18,040 25,153 24,482 30,677 32,311 32,516 39,506 42,109 46,546 53,057 53,810
OPM % 30% 30% 29% 31% 26% 28% 27% 26% 27% 27% 28% 28% 27%
604 428 1,178 1,637 3,720 3,084 4,221 3,642 4,311 4,592 1,916 4,018 4,086
Interest 26 22 48 39 104 33 32 52 198 924 637 784 837
Depreciation 735 918 1,080 1,349 1,799 1,888 1,987 2,014 2,056 3,529 4,065 4,604 4,759
Profit before tax 11,021 13,923 18,090 25,402 26,298 31,840 34,513 34,092 41,563 42,248 43,760 51,687 52,300
Tax % 17% 24% 22% 24% 24% 24% 24% 24% 24% 23% 26% 26%
Net Profit 9,189 10,523 14,076 19,332 20,060 24,338 26,357 25,880 31,562 32,447 32,562 38,449 38,937
EPS in Rs 23.17 26.60 35.55 48.92 50.68 61.58 66.71 67.46 83.87 86.19 87.67 104.75 105.46
Dividend Payout % 30% 47% 31% 33% 78% 35% 35% 37% 36% 85% 43% 41%
Compounded Sales Growth
10 Years: 15%
5 Years: 10%
3 Years: 9%
TTM: 16%
Compounded Profit Growth
10 Years: 14%
5 Years: 8%
3 Years: 7%
TTM: 10%
Stock Price CAGR
10 Years: 16%
5 Years: 19%
3 Years: 13%
1 Year: -23%
Return on Equity
10 Years: 38%
5 Years: 37%
3 Years: 40%
Last Year: 44%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
296 296 296 196 196 197 197 191 375 375 370 366
Reserves 24,209 29,284 38,350 48,999 50,439 70,875 86,017 84,937 89,071 83,751 86,063 88,773
75 127 232 297 358 245 289 247 62 8,174 7,795 7,818
8,092 11,551 13,154 17,337 22,325 16,974 15,830 19,751 24,393 27,820 35,764 43,967
Total Liabilities 32,572 41,157 51,932 66,829 73,318 88,291 102,333 105,126 113,901 120,120 129,992 140,924
7,479 8,662 9,828 9,544 11,638 11,774 11,701 11,973 12,290 20,928 21,021 21,298
CWIP 1,194 1,446 1,895 3,168 2,766 1,670 1,541 1,278 963 906 926 1,205
Investments 1,763 1,350 1,897 3,434 1,662 22,822 41,980 36,008 29,330 26,356 29,373 30,485
22,136 29,698 38,312 50,682 57,252 52,025 47,111 55,867 71,318 71,930 78,672 87,936
Total Assets 32,572 41,157 51,932 66,829 73,318 88,291 102,333 105,126 113,901 120,120 129,992 140,924

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
6,614 7,127 11,615 14,751 19,369 19,109 25,223 25,067 28,593 32,369 38,802 39,949
-1,431 -2,727 -6,038 -9,452 -1,807 -5,010 -16,895 3,104 1,645 8,968 -7,956 -738
-4,659 -3,955 -5,729 -5,673 -17,168 -9,666 -11,026 -26,885 -27,897 -39,915 -32,634 -33,581
Net Cash Flow 524 445 -152 -374 394 4,433 -2,698 1,286 2,341 1,422 -1,788 5,630

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 80 86 82 81 79 81 70 74 68 71 67 65
Inventory Days
Days Payable
Cash Conversion Cycle 80 86 82 81 79 81 70 74 68 71 67 65
Working Capital Days 43 45 70 52 33 62 63 61 70 67 62 36
ROCE % 51% 51% 53% 57% 51% 51% 44% 39% 48% 47% 49% 55%

Shareholding Pattern

Numbers in percentages

12 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
72.05 72.05 72.05 72.05 72.05 72.05 72.19 72.19 72.19 72.19 72.30 72.30
15.52 15.90 15.74 15.85 16.00 15.88 15.62 15.43 15.37 14.98 14.15 13.50
8.21 8.04 8.00 8.02 7.85 7.71 7.83 7.97 7.89 7.93 7.81 8.36
0.06 0.06 0.06 0.07 0.07 0.07 0.06 0.04 0.04 0.04 0.04 0.05
4.17 3.95 4.14 4.01 4.03 4.29 4.31 4.38 4.51 4.86 5.70 5.80

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