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 ₹ 1,145,576 Cr.
- Current Price ₹ 3,131
- High / Low ₹ 3,836 / 2,926
- Stock P/E 28.2
- Book Value ₹ 266
- Dividend Yield 1.37 %
- ROCE 54.9 %
- ROE 43.6 %
- Face Value ₹ 1.00
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%
- Company's working capital requirements have reduced from 54.9 days to 36.0 days
Cons
- Stock is trading at 11.8 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 216,887 | |
26,146 | 34,459 | 44,950 | 56,657 | 70,167 | 77,969 | 85,655 | 90,588 | 106,957 | 114,840 | 117,631 | 138,697 | 159,557 | |
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 | 57,330 |
OPM % | 30% | 30% | 29% | 31% | 26% | 28% | 27% | 26% | 27% | 27% | 28% | 28% | 26% |
604 | 428 | 1,178 | 1,637 | 3,720 | 3,084 | 4,221 | 3,642 | 4,311 | 4,592 | 1,916 | 4,018 | 3,255 | |
Interest | 26 | 22 | 48 | 39 | 104 | 33 | 32 | 52 | 198 | 924 | 637 | 784 | 752 |
Depreciation | 735 | 918 | 1,080 | 1,349 | 1,799 | 1,888 | 1,987 | 2,014 | 2,056 | 3,529 | 4,065 | 4,604 | 4,953 |
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 | 54,880 |
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 | 40,826 |
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 | 111.18 |
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: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 8% |
3 Years: | 7% |
TTM: | 8% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 17% |
3 Years: | 23% |
1 Year: | -16% |
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 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
296 | 296 | 296 | 196 | 196 | 197 | 197 | 191 | 375 | 375 | 370 | 366 | 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 | 97,088 |
75 | 127 | 232 | 297 | 358 | 245 | 289 | 247 | 62 | 8,174 | 7,795 | 7,818 | 7,460 | |
8,092 | 11,551 | 13,154 | 17,337 | 22,325 | 16,974 | 15,830 | 19,751 | 24,393 | 27,820 | 35,764 | 43,967 | 43,259 | |
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 | 148,173 |
7,479 | 8,662 | 9,828 | 9,544 | 11,638 | 11,774 | 11,701 | 11,973 | 12,290 | 20,928 | 21,021 | 21,298 | 20,277 | |
CWIP | 1,194 | 1,446 | 1,895 | 3,168 | 2,766 | 1,670 | 1,541 | 1,278 | 963 | 906 | 926 | 1,205 | 1,513 |
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 | 43,118 |
22,136 | 29,698 | 38,312 | 50,682 | 57,252 | 52,025 | 47,111 | 55,867 | 71,318 | 71,930 | 78,672 | 87,936 | 83,265 | |
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 | 148,173 |
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% |
Documents
Announcements
- Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 16 Mar
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 Mar - Envestnet Data and Analytics Selects TCS to Accelerate its Digital Transformation Journey
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
14 Mar - TCS Launches 5G-Enabled Cognitive Plant Operations Adviser to Help Transform Plant Operations
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Mar - TCS Debuts on Forbes List of America's Best Large Employers
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 9 Mar
Annual reports
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Financial Year 2022
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Concalls
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Jan 2023TranscriptPPT
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Jan 2016TranscriptNotesPPT
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]