Tata Consultancy Services Ltd logo

Tata Consultancy Services Ltd

TCS NSE

Key Fundamentals

LargecapComputer Software & ConsultingInformation Technology
Market Cap
8.3L Cr
Volatility
Moderate
P/E Ratio
16.56
EBITDA
₹76,800 Cr
Return on Equity
45.59%
Debt to Equity
0.11
Book Value
₹296.61
EPS
₹131.54
52W High
₹3,350
52W Low
₹1,976.8

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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52 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

2
  • Company has a good return on equity (ROE) track record: 3 Years ROE 51.9%
  • Company has been maintaining a healthy dividend payout of 77.5%

Weaknesses

2
  • Stock is trading at 7.80 times its book value
  • The company has delivered a poor sales growth of 10.2% over past five years.

Growth Rate

Revenue Growth
4.68% ↗
Net Income Growth
1.35% ↗
Cash Flow Change
6.51% ↗
ROE
-10.52% ↘
ROCE
-11.43% ↘
EBITDA Margin (Avg.)
2.80% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 19h ago
AI opinion · based on fundamentals
Risk medium

TCS commands a market cap of ₹8.4 lakh crore with a PE of 17x and ROE consistently above 49% over five years, reflecting capital-efficient operations. However, the stock has declined 22% over the past year and trades at nearly 8x book value, while revenue growth has remained in single digits at 8% TTM.

Bull Case 7
  • Exceptional return on equity of 52% over the last year and 3-year average of 52%, indicating highly capital-efficient business model
  • Consistent profit compounding at 8-9% CAGR across 3, 5, and 10-year periods demonstrates earnings stability through cycles
  • Healthy dividend payout ratio of 77.5% provides reliable income stream to shareholders
  • PE ratio of 17x is notably lower than historical IT sector averages, suggesting valuation has compressed from prior peaks
  • 10-year compounded sales growth of 9% and profit growth of 8% reflect long-term secular demand for IT services
  • Near-zero debt structure (no meaningful debt-to-equity ratio reported) eliminates balance sheet risk and interest burden
  • Market cap of ₹8.4 lakh crore provides institutional-grade liquidity and index weight, reducing liquidity risk for large investors
Bear Case 8
  • Stock price has declined 22% over the past 1 year, significantly underperforming broader market indices
  • Trading at 7.95x price-to-book value, which is expensive relative to tangible asset backing
  • 5-year sales CAGR of only 10.2% reflects sluggish top-line growth for a company of this scale
  • 3-year stock CAGR of -11% indicates sustained value destruction for medium-term investors
  • TTM revenue growth of 8% suggests ongoing deceleration from the 10% five-year average
  • Dividend yield of only 0.51% is modest despite high payout ratio, reflecting elevated stock price relative to earnings distributed
  • 5-year stock CAGR of -8% shows the stock has failed to generate positive returns even over a half-decade horizon
  • 10-year stock CAGR of just 6% lags broader Indian equity market returns over the same period

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Positives 4
  • AI center launched with Google Cloud Aug 11

    TCS and Google Cloud launched a Gemini Experience Center in Mexico City featuring 3,000+ AI agents to drive enterprise adoption.

  • Agentic AI pharma platform launched Aug 17

    TCS ADD AgentHub offers up to 40% efficiency gains in clinical data management and 30% cost savings in safety processing for pharmaceutical R&D.

  • Vodafone UK strategic partnership Aug 13

    TCS partnered with Vodafone Business to drive AI-led digital transformation for UK enterprises, leveraging Vodafone's £11 billion network investment across healthcare, financial services, and manufacturing.

  • Physical AI adoption in manufacturing Jul 22

    TCS study reveals 77% of manufacturers expect warehouse transformation through Physical AI, with commitment to long-term AI investment.

Neutral 3
  • Employee data threat, no breach Aug 10

    TCS investigated threat alerts on employee data but found no conclusive evidence of a security breach and confirmed no material impact.

  • Large block trades on NSE Aug 6

    TCS recorded multiple institutional block trades in July-August totalling over ₹153 crores, including ₹134.78 crores on Jul 29 and ₹18.72 crores on Aug 6.

  • Investor meetings scheduled Aug 4

    TCS announced analyst and institutional investor meetings in August 2026 in Singapore and Mumbai, with a prior session on July 30 in Mumbai.

TL;DR: TCS is executing well on its AI-led growth strategy, launching multiple platforms and partnerships across pharma, telecom, and manufacturing verticals. No material headwinds emerged in this period, though a data threat alert warrants monitoring. The trend is firmly positive with deepening AI capabilities and global client engagement suggesting sustained momentum into H2 FY27.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
59,381
59,692
60,583
61,237
62,613
64,259
63,973
64,479
63,437
65,799
67,087
70,698
72,275
Expenses
44,383
43,946
44,195
44,073
45,951
47,528
46,939
47,499
46,562
47,821
48,818
51,422
53,719
Operating Profit
14,998
15,746
16,388
17,164
16,662
16,731
17,034
16,980
16,875
17,978
18,269
19,276
18,556
OPM %
25%
26%
27%
28%
27%
26%
27%
26%
27%
27%
27%
27%
26%
Other Income
1,397
1,006
-96
1,157
962
729
1,243
1,028
1,660
-268
-2,273
757
900
Interest
163
159
230
226
173
162
234
227
195
229
538
265
273
Depreciation
1,243
1,263
1,233
1,246
1,220
1,266
1,377
1,379
1,361
1,413
1,380
1,406
1,239
PBT
14,989
15,330
14,829
16,849
16,231
16,032
16,666
16,402
16,979
16,068
14,078
18,362
17,944
Tax %
26%
26%
25%
26%
25%
25%
25%
25%
24%
24%
24%
25%
25%
Net Profit
11,120
11,380
11,097
12,502
12,105
11,955
12,444
12,293
12,819
12,131
10,720
13,784
13,420
EPS in Rs
30.26
31
30.56
34.37
33.28
32.92
34.22
33.79
35.27
33.37
29.45
37.92
36.9
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
94,648
1,08,646
1,17,966
1,23,104
1,46,463
1,56,949
1,64,177
1,91,754
2,25,458
2,40,893
2,55,324
2,67,021
2,75,859
Expenses
70,167
77,969
85,655
90,588
1,06,957
1,14,840
1,17,631
1,38,697
1,66,199
1,76,597
1,87,917
1,94,623
2,01,780
Operating Profit
24,482
30,677
32,311
32,516
39,506
42,109
46,546
53,057
59,259
64,296
67,407
72,398
74,079
OPM %
26%
28%
27%
26%
27%
27%
28%
28%
26%
27%
26%
27%
27%
Other Income
3,720
3,084
4,221
3,642
4,311
4,592
1,916
4,018
3,449
3,464
3,962
-124
-884
Interest
104
33
32
52
198
924
637
784
779
778
796
1,227
1,305
Depreciation
1,799
1,888
1,987
2,014
2,056
3,529
4,065
4,604
5,022
4,985
5,242
5,560
5,438
PBT
26,298
31,840
34,513
34,092
41,563
42,248
43,760
51,687
56,907
61,997
65,331
65,487
66,452
Tax %
24%
24%
24%
24%
24%
23%
26%
26%
26%
26%
25%
24%
—
Net Profit
20,060
24,338
26,357
25,880
31,562
32,447
32,562
38,449
42,303
46,099
48,797
49,454
50,055
EPS in Rs
50.68
61.58
66.71
67.46
83.87
86.19
87.67
105
115
127
134
136
138
Div. Payout %
78%
35%
35%
37%
36%
85%
43%
41%
100%
58%
94%
81%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
196
197
197
191
375
375
370
366
366
362
362
362
Reserves
50,439
70,875
86,017
84,937
89,071
83,751
86,063
88,773
90,058
90,127
94,394
1,06,878
Borrowings
358
245
289
247
62
8,174
7,795
7,818
7,688
8,021
9,392
11,283
Other Liabilities
22,325
16,974
15,830
19,751
24,393
27,827
35,764
43,967
44,747
46,962
54,501
62,644
Total Liabilities
73,318
88,291
1,02,333
1,05,126
1,13,901
1,20,127
1,29,992
1,40,924
1,42,859
1,45,472
1,58,649
1,81,167
Fixed Assets
11,638
11,774
11,701
11,973
12,290
20,928
21,021
21,298
20,515
19,604
23,053
31,343
CWIP
2,766
1,670
1,541
1,278
963
906
926
1,205
1,234
1,564
1,546
2,665
Investments
1,662
22,822
41,980
36,008
29,330
26,356
29,373
30,485
37,163
31,762
30,964
33,988
Other Assets
57,252
52,025
47,111
55,867
71,318
71,937
78,672
87,936
83,947
92,542
1,03,086
1,13,171
Total Assets
73,318
88,291
1,02,333
1,05,126
1,13,901
1,20,127
1,29,992
1,40,924
1,42,859
1,45,472
1,58,649
1,81,167
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
19,369
19,109
25,223
25,067
28,593
32,369
38,802
39,949
41,965
44,338
48,908
52,094
Investing
-1,807
-5,010
-16,895
3,104
1,645
8,968
-7,956
-738
548
6,091
-2,144
-11,886
Financing
-17,168
-9,666
-11,026
-26,885
-27,897
-39,915
-32,634
-33,581
-47,878
-48,536
-47,438
-42,133
Net Cash Flow
394
4,433
-2,698
1,286
2,341
1,422
-1,788
5,630
-5,365
1,893
-674
-1,925
Free Cash Flow
16,426
17,144
23,270
23,263
26,461
29,281
35,663
36,985
38,902
41,688
44,994
48,013
CFO/OP
110
87
103
100
98
91
103
97
93
88
96
92
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
79
81
70
74
68
71
67
80
81
81
84
93
Cash Conversion Cycle
79
81
70
74
68
71
67
80
81
81
84
93
Working Capital Days
33
62
62
61
70
64
59
33
30
34
34
38
ROCE %
50%
51%
44%
39%
47%
47%
49%
54%
59%
64%
65%
63%

Shareholding Pattern

As of Jun 2026
Promoters 71.77%
DIIs 13.47%
FIIs 9.06%
Public 4.92%
Others 0.78%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
72.19%
72.19%
72.19%
72.19%
72.30%
72.30%
72.30%
72.30%
72.30%
72.30%
72.30%
72.41%
71.77%
71.77%
71.77%
71.77%
71.77%
71.77%
71.77%
71.77%
71.77%
71.77%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
12.70%
12.36%
12.66%
12.68%
12.04%
11.47%
10.33%
10.37%
9.66%
9.06%
DIIs
7.74%
7.85%
7.79%
7.81%
7.74%
8.29%
8.50%
9.31%
9.09%
9.86%
9.46%
9.48%
10.67%
11.06%
10.91%
10.91%
11.56%
12.01%
12.70%
12.87%
13.41%
13.47%
Government
0.06%
0.04%
0.04%
0.04%
0.04%
0.05%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
3.65%
3.46%
3.53%
3.83%
4.57%
4.66%
4.93%
4.77%
4.68%
4.72%
4.53%
4.41%
4.27%
4.25%
4.11%
4.08%
4.05%
4.15%
4.56%
4.37%
4.52%
4.92%
Others
16.35%
16.46%
16.46%
16.14%
15.35%
14.70%
14.27%
13.62%
13.93%
13.12%
13.71%
13.70%
0.59%
0.57%
0.55%
0.55%
0.59%
0.61%
0.64%
0.61%
0.64%
0.78%
No. of Shareholders
10,58,900
11,30,830
12,28,540
15,77,360
24,74,310
25,02,380
27,03,970
25,56,970
24,99,380
25,02,840
23,67,000
23,36,020
22,03,210
21,81,390
20,93,960
20,75,120
21,15,090
21,64,290
23,88,230
23,32,280
24,50,090
26,05,180

Documents

Frequently Asked Questions about Tata Consultancy Services Ltd

What does Tata Consultancy Services Ltd do?
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, co...
Where is Tata Consultancy Services Ltd (TCS) listed?
Tata Consultancy Services Ltd is listed on the Indian stock exchanges. It is listed on NSE: TCS and BSE: 532540. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Tata Consultancy Services Ltd belong to?
Tata Consultancy Services Ltd operates in the Information Technology sector within the IT - Software industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Tata Consultancy Services Ltd?
Tata Consultancy Services Ltd has a market capitalisation of approximately ₹828180.23 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Tata Consultancy Services Ltd?
The Price-to-Earnings (PE) ratio of Tata Consultancy Services Ltd is 16.56. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Tata Consultancy Services Ltd?
Over the past 52 weeks, Tata Consultancy Services Ltd has traded between a low of ₹1,976.8 and a high of ₹3,350. This range helps investors understand the stock's price volatility and recent trading levels.
Does Tata Consultancy Services Ltd pay dividends?
Yes, Tata Consultancy Services Ltd has a dividend yield of 0.52%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Tata Consultancy Services Ltd?
Tata Consultancy Services Ltd has a Return on Equity (ROE) of 45.59%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Tata Consultancy Services Ltd on Tapetide?
On Tapetide, you can view Tata Consultancy Services Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website tcs.com
CEO Mr. K. Krithivasan B.E, M.Tech.
Employees 6,07,979
Listed 2004-08-25
Face Value ₹ 1
Issued Size 3,61,80,87,518

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