Tata Consultancy Services Ltd

Tata Consultancy Services Ltd

₹ 3,832 -1.19%
14 Jun - close price
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 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%

  • Market Cap 13,86,469 Cr.
  • Current Price 3,832
  • High / Low 4,255 / 3,172
  • Stock P/E 29.8
  • Book Value 250
  • Dividend Yield 1.44 %
  • ROCE 64.3 %
  • ROE 51.5 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 47.4%
  • Company has been maintaining a healthy dividend payout of 66.2%

Cons

  • Stock is trading at 15.3 times its book value
  • Promoter holding has decreased over last quarter: -0.64%
  • The company has delivered a poor sales growth of 10.5% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
43,705 45,411 46,867 48,885 50,591 52,758 55,309 58,229 59,162 59,381 59,692 60,583 61,237
30,904 32,748 33,751 35,452 36,746 39,342 40,793 42,676 43,388 44,383 43,946 44,195 44,073
Operating Profit 12,801 12,663 13,116 13,433 13,845 13,416 14,516 15,553 15,774 14,998 15,746 16,388 17,164
OPM % 29% 28% 28% 27% 27% 25% 26% 27% 27% 25% 26% 27% 28%
931 721 1,111 1,205 981 789 965 520 1,175 1,397 1,006 -96 1,157
Interest 138 146 142 251 245 199 148 160 272 163 159 230 226
Depreciation 1,067 1,075 1,116 1,196 1,217 1,230 1,237 1,269 1,286 1,243 1,263 1,233 1,246
Profit before tax 12,527 12,163 12,969 13,191 13,364 12,776 14,096 14,644 15,391 14,989 15,330 14,829 16,849
Tax % 26% 26% 26% 26% 25% 25% 26% 26% 26% 26% 26% 25% 26%
9,282 9,031 9,653 9,806 9,959 9,519 10,465 10,883 11,436 11,120 11,380 11,097 12,502
EPS in Rs 25.00 24.35 26.02 26.41 27.13 25.90 28.51 29.64 31.13 30.26 31.00 30.56 34.37
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
62,989 81,809 94,648 108,646 117,966 123,104 146,463 156,949 164,177 191,754 225,458 240,893
44,950 56,657 70,167 77,969 85,655 90,588 106,957 114,840 117,631 138,697 166,199 176,597
Operating Profit 18,040 25,153 24,482 30,677 32,311 32,516 39,506 42,109 46,546 53,057 59,259 64,296
OPM % 29% 31% 26% 28% 27% 26% 27% 27% 28% 28% 26% 27%
1,178 1,637 3,720 3,084 4,221 3,642 4,311 4,592 1,916 4,018 3,449 3,464
Interest 48 39 104 33 32 52 198 924 637 784 779 778
Depreciation 1,080 1,349 1,799 1,888 1,987 2,014 2,056 3,529 4,065 4,604 5,022 4,985
Profit before tax 18,090 25,402 26,298 31,840 34,513 34,092 41,563 42,248 43,760 51,687 56,907 61,997
Tax % 22% 24% 24% 24% 24% 24% 24% 23% 26% 26% 26% 26%
14,076 19,332 20,060 24,338 26,357 25,880 31,562 32,447 32,562 38,449 42,303 46,099
EPS in Rs 35.55 48.92 50.68 61.58 66.71 67.46 83.87 86.19 87.67 104.75 115.19 126.88
Dividend Payout % 31% 33% 78% 35% 35% 37% 36% 85% 43% 41% 100% 58%
Compounded Sales Growth
10 Years: 11%
5 Years: 10%
3 Years: 14%
TTM: 7%
Compounded Profit Growth
10 Years: 9%
5 Years: 8%
3 Years: 12%
TTM: 11%
Stock Price CAGR
10 Years: 13%
5 Years: 11%
3 Years: 5%
1 Year: 21%
Return on Equity
10 Years: 40%
5 Years: 44%
3 Years: 47%
Last Year: 52%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 196 196 196 197 197 191 375 375 370 366 366 362
Reserves 38,350 48,999 50,439 70,875 86,017 84,937 89,071 83,751 86,063 88,773 90,058 90,127
Preference Capital 100 0 0 0 0 0 0 0 0 0 0 0
232 297 358 245 289 247 62 8,174 7,795 7,818 7,688 8,021
13,154 17,337 22,325 16,974 15,830 19,751 24,393 27,820 35,764 43,967 44,747 46,962
Total Liabilities 51,932 66,829 73,318 88,291 102,333 105,126 113,901 120,120 129,992 140,924 142,859 145,472
9,828 9,544 11,638 11,774 11,701 11,973 12,290 20,928 21,021 21,298 20,515 19,604
CWIP 1,895 3,168 2,766 1,670 1,541 1,278 963 906 926 1,205 1,234 1,564
Investments 1,897 3,434 1,662 22,822 41,980 36,008 29,330 26,356 29,373 30,485 37,163 31,762
38,312 50,682 57,252 52,025 47,111 55,867 71,318 71,930 78,672 87,936 83,947 92,542
Total Assets 51,932 66,829 73,318 88,291 102,333 105,126 113,901 120,120 129,992 140,924 142,859 145,472

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11,615 14,751 19,369 19,109 25,223 25,067 28,593 32,369 38,802 39,949 41,965 44,338
-6,038 -9,452 -1,807 -5,010 -16,895 3,104 1,645 8,968 -7,956 -738 548 6,091
-5,729 -5,673 -17,168 -9,666 -11,026 -26,885 -27,897 -39,915 -32,634 -33,581 -47,878 -48,536
Net Cash Flow -152 -374 394 4,433 -2,698 1,286 2,341 1,422 -1,788 5,630 -5,365 1,893

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 82 81 79 81 70 74 68 71 67 80 81 81
Inventory Days
Days Payable
Cash Conversion Cycle 82 81 79 81 70 74 68 71 67 80 81 81
Working Capital Days 70 52 33 62 63 61 70 67 62 36 33 36
ROCE % 52% 56% 50% 51% 44% 39% 47% 47% 49% 54% 59% 64%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.19% 72.19% 72.19% 72.30% 72.30% 72.30% 72.30% 72.30% 72.30% 72.30% 72.41% 71.77%
15.43% 15.37% 14.98% 14.15% 13.50% 13.05% 12.94% 12.72% 12.46% 12.47% 12.46% 12.70%
7.97% 7.89% 7.93% 7.81% 8.36% 8.53% 9.25% 9.58% 9.80% 10.01% 10.03% 10.61%
0.04% 0.04% 0.04% 0.04% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.06%
4.38% 4.51% 4.86% 5.70% 5.80% 6.06% 5.45% 5.36% 5.38% 5.17% 5.03% 4.86%
No. of Shareholders 11,30,83412,28,54015,77,35824,74,31025,02,38527,03,96625,56,97024,99,38425,02,83523,67,00323,36,01622,03,209

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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