Tata Consultancy Services Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 1,142,544 Cr.
  • Current Price 3,089
  • High / Low 3,359 / 1,870
  • Stock P/E 34.3
  • Book Value 234
  • Dividend Yield 1.07 %
  • ROCE 48.9 %
  • ROE 39.1 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 37.41%
  • Company has been maintaining a healthy dividend payout of 54.58%

Cons

  • Stock is trading at 13.22 times its book value
  • The company has delivered a poor sales growth of 8.61% over past five years.
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
34,261 36,854 37,338 38,010 38,172 38,977 39,854 39,946 38,322 40,135 42,015 43,705
25,190 26,576 27,255 27,936 28,135 28,752 28,983 28,970 28,298 28,622 29,807 30,904
Operating Profit 9,071 10,278 10,083 10,074 10,037 10,225 10,871 10,976 10,024 11,513 12,208 12,801
OPM % 26% 28% 27% 26% 26% 26% 27% 27% 26% 29% 29% 29%
Other Income 1,225 730 1,163 1,193 1,675 1,361 818 738 598 -304 691 931
Interest 17 137 16 28 257 193 223 251 142 174 183 138
Depreciation 493 507 519 537 817 864 897 951 976 998 1,024 1,067
Profit before tax 9,786 10,364 10,711 10,702 10,638 10,529 10,569 10,512 9,504 10,037 11,692 12,527
Tax % 25% 24% 24% 24% 23% 23% 23% 23% 26% 25% 25% 26%
Net Profit 7,340 7,901 8,105 8,126 8,131 8,042 8,118 8,049 7,008 7,475 8,701 9,246
EPS in Rs 19.17 21.06 21.60 21.66 21.67 21.43 21.63 21.45 18.68 19.92 23.19 25.00

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
30,029 37,325 48,894 62,989 81,809 94,648 108,646 117,966 123,104 146,463 156,949 164,177
21,334 26,146 34,459 44,950 56,657 70,167 77,969 85,655 90,588 106,957 114,840 117,644
Operating Profit 8,695 11,178 14,435 18,040 25,153 24,482 30,677 32,311 32,516 39,506 42,109 46,533
OPM % 29% 30% 30% 29% 31% 26% 28% 27% 26% 27% 27% 28%
Other Income 272 604 428 1,178 1,637 3,720 3,084 4,221 3,642 4,311 4,592 1,929
Interest 16 26 22 48 39 104 33 32 52 198 924 637
Depreciation 661 735 918 1,080 1,349 1,799 1,888 1,987 2,014 2,056 3,529 4,065
Profit before tax 8,290 11,021 13,923 18,090 25,402 26,298 31,840 34,513 34,092 41,563 42,248 43,760
Tax % 14% 17% 24% 22% 24% 24% 24% 24% 24% 24% 23% 26%
Net Profit 7,001 9,068 10,413 13,917 19,164 19,852 24,270 26,289 25,826 31,472 32,340 32,430
EPS in Rs 17.88 23.17 26.60 35.55 48.92 50.68 61.58 66.71 67.46 83.87 86.19 87.67
Dividend Payout % 56% 30% 47% 31% 33% 78% 35% 35% 37% 36% 85% 43%
Compounded Sales Growth
10 Years:16%
5 Years:9%
3 Years:10%
TTM:5%
Compounded Profit Growth
10 Years:14%
5 Years:7%
3 Years:9%
TTM:3%
Stock Price CAGR
10 Years:18%
5 Years:20%
3 Years:21%
1 Year:59%
Return on Equity
10 Years:37%
5 Years:35%
3 Years:37%
Last Year:39%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
296 296 296 296 196 196 197 197 191 375 375 370
Reserves 18,171 24,209 29,284 38,350 48,999 50,439 70,875 86,017 84,937 89,071 83,751 86,063
Borrowings 103 75 127 232 297 358 245 289 247 62 8,174 7,795
8,856 8,092 11,551 13,154 17,337 22,325 16,974 15,830 19,751 24,393 27,820 35,764
Total Liabilities 27,326 32,572 41,157 51,932 66,829 73,318 88,291 102,333 105,126 113,901 120,120 129,992
6,738 7,479 8,662 9,828 9,544 11,638 11,774 11,701 11,973 12,290 20,928 21,021
CWIP 1,017 1,194 1,446 1,895 3,168 2,766 1,670 1,541 1,278 963 906 926
Investments 3,682 1,763 1,350 1,897 3,434 1,662 22,822 41,980 36,008 29,330 26,356 29,373
15,888 22,136 29,698 38,312 50,682 57,252 52,025 47,111 55,867 71,318 71,930 78,672
Total Assets 27,326 32,572 41,157 51,932 66,829 73,318 88,291 102,333 105,126 113,901 120,120 129,992

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
7,359 6,614 7,127 11,615 14,751 19,369 19,109 25,223 25,067 28,593 32,369 38,802
-5,413 -1,431 -2,727 -6,038 -9,452 -1,807 -5,010 -16,895 3,104 1,645 8,968 -7,956
-2,381 -4,659 -3,955 -5,729 -5,673 -17,168 -9,666 -11,026 -26,885 -27,897 -39,915 -32,634
Net Cash Flow -435 524 445 -152 -374 394 4,433 -2,698 1,286 2,341 1,422 -1,788

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 47% 51% 51% 53% 57% 51% 51% 44% 39% 48% 47% 49%
Debtor Days 71 80 86 82 81 79 81 70 74 68 71 67
Inventory Turnover 9.21 14.88 18.05 24.45 28.99 36.69 0.00 5.03 3.66 2.22 2.40 2.15

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
71.92 72.05 72.05 72.05 72.05 72.05 72.05 72.05 72.05 72.05 72.05 72.19
16.59 16.05 15.80 15.80 15.88 15.52 15.90 15.74 15.85 16.00 15.88 15.62
6.87 7.44 7.68 7.78 7.87 8.21 8.04 8.00 8.02 7.85 7.71 7.83
0.05 0.05 0.05 0.05 0.06 0.06 0.06 0.06 0.07 0.07 0.07 0.06
4.58 4.42 4.42 4.32 4.15 4.17 3.95 4.14 4.01 4.03 4.29 4.31

Documents