Tata Consultancy Services Ltd (TCS) — Share Price, Financials & Ratios

Key Fundamentals

LargecapComputer Software & ConsultingInformation Technology

Market Cap

7.7L Cr

Volatility

Moderate

P/E Ratio

15.4

EBITDA

₹76,800 Cr

Return on Equity

50.48%

Debt to Equity

0.1

Book Value

₹296.61

EPS

₹131.54

52W High

₹3,489.9

52W Low

₹2,055

Technical Indicators

Key Insights

Strengths

3

Stock is providing a good dividend yield of 3.03%.
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 7.12 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

claude-opus-4.6 1d ago

HOLD

Risk medium

TCS offers exceptional ROE of 52% and a strong dividend yield of 5.17%, but the stock has declined 37% over the past year and trades at 7.17x book value with modest single-digit revenue growth of 5% TTM. At a PE of 15.6, valuation has corrected significantly but growth headwinds persist.

Bull Case 8

Exceptional return on equity of 52% over the last year, demonstrating highly efficient capital deployment
Attractive dividend yield of 5.17% with a healthy payout ratio of 77.5%, providing strong income support
Consistent 3-year ROE track record of 51.9%, indicating sustained profitability
PE ratio of 15.6 is well below TCS's historical average of 25-30x, suggesting valuation has corrected to attractive levels
Compounded profit growth of 8% TTM outpacing sales growth of 5%, reflecting margin expansion and operational efficiency
65% of analysts (26 out of 40) rate the stock as a Buy at current levels
Large-cap stability with market cap of Rs 7.54 lakh crore and 10-year sales CAGR of 9% showing long-term consistency
Only 10% of analysts (4 out of 40) have a Sell rating, indicating limited downside consensus

Bear Case 8

Stock price has declined 37% over the past 1 year, indicating severe negative momentum
3-year stock CAGR of -13% shows prolonged wealth destruction for medium-term investors
Trading at 7.17x book value despite slowing growth, still a premium valuation on price-to-book basis
Poor sales growth of only 5% TTM suggests demand environment remains challenging in IT services
5-year compounded sales growth of just 10% reflects structural slowdown from the high-growth era
5-year stock CAGR of -9% means the stock has underperformed fixed deposits over a meaningful period
10-year stock CAGR of only 5% barely matches inflation, indicating long-term return compression
25% of analysts (10 out of 40) recommend Hold, reflecting uncertainty about near-term catalysts

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

AI News Digest

anthropic

claude-opus-4.6 1d ago

Headwinds 6

$168M trade secrets verdict final Jun 15

US Supreme Court denied TCS's petition on Jun 15, upholding $168M award ($56M compensatory + $112M punitive) to DXC Technology for willful trade secrets misappropriation. Total obligation including prejudgment interest is ~$194.2M.
$70M provision in Q1 FY27 Jun 16

TCS will book a USD 70 million provision in Q1 FY27 after the US Supreme Court denied its petition in the DXC Technology lawsuit.
Stock down 34% YTD, 52-week low Jun 11

TCS shares hit 52-week low of ₹2,110 on Jun 11, 2026, having fallen 34% YTD and 33% in six months amid broader tech sell-off. Stock trades at 15.74x P/E, a 45% discount to historical average.
23,000 jobs cut in FY26 Jun 11

TCS reduced workforce by 23,460 in FY26 (including 12,000 in Jul 2025), ending at 584,519 employees. FY27 fresher hiring guided at 25,000, well below previous 40,000+ annual intakes.
AI agent displacement risk Jun 11

AWS Transform deploys free AI agents for code analysis and modernization, threatening TCS's core billable work. Analysts model 2-3% annual deflation across application services as pricing shifts from effort-based to outcome-based.
Nashik harassment allegations Jun 9

Eight FIRs registered by Nashik Police SIT involving allegations of sexual/mental harassment at TCS BPO unit between 2022-2026. External review by Deloitte and Trilegal underway, overseen by independent director Keki Mistry.

Positives 8

AI revenue hits $2.5B annualized Jun 10

TCS's annualized AI services revenue reached $2.5B by Q4 FY26, growing at 22% compound quarterly growth rate over four quarters. 54 of top 60 clients use TCS for AI, with revenue productivity 'definitely much better' than traditional business.
Anthropic Global Premier Partnership Jun 11

TCS became Global Premier Partner in Anthropic's Claude Partner Network on Jun 11, will train 50,000 employees on Claude models, and created a dedicated business unit for joint solutions across seven regulated industries.
Elopak multi-year IT deal won Jun 17

TCS secured a multi-year strategic IT partnership with Norwegian packaging leader Elopak ASA (operates in 40+ countries, 70+ markets) to modernize end-to-end IT services using its Cognix™ AI-powered suite.
GVIC unit targets $110B GCC market Jun 10

TCS launched Global Value & Innovation Centres business unit led by Soumen Roy (reports to CEO) targeting the GCC market projected at $110B by 2030. TCS works with 150+ enterprises across GCC lifecycle stages.
Tottenham Hotspur digital partnership Jun 16

TCS became Digital Transformation Partner for Tottenham Hotspur in a multi-year deal covering Salesforce, cybersecurity, and analytics. First major Indian IT firm to secure a Premier League club partnership, leveraging 50-year UK presence.
Oracle AI Lab first in India Jun 12

TCS launched India's first Oracle AI Data Platform Lab in Kolkata on Jun 12, with plans to expand to four more cities in three years. Leverages 26,000 Oracle-skilled professionals; projected to generate $950M-$1.9B over three years.
Strong FY26 financials and margins Jun 10

FY26 revenue grew 4.6% YoY to ₹2.67 lakh crore, net profit up 8.8% to ₹52,820 crore. Operating margins hit four-year high of 25.3%, TCV crossed $40.7B including 5 mega deals.
AGM resolutions passed smoothly Jun 9

TCS's 31st AGM on Jun 9 passed all resolutions including financial statements, dividend declarations, and re-appointment of N Chandrasekaran as chairman.

Neutral 5

₹21.65 Cr block trade on NSE Jun 19

Block trade of ~102,854 shares at ₹2,105 per share recorded on NSE on Jun 19, totaling ₹21.65 crore in institutional/HNI activity.
Wipro vs TCS AI strategy divergence Jun 17

TCS pursues breadth across regulated markets with 50,000 employee training on Claude, while Wipro targets depth with 10,000 specialists. TCS operating margin stable at 25.2% vs Wipro's near-term margin pressure from $1B ai360 investment.
AI agents to match workforce by 2029 Jun 11

Chairman Chandrasekaran predicted TCS will run as many AI agents as its ~600,000 employees within three years. Company sees AI growing enterprise IT market from $1.6T to $3T in the next decade.
Analyst meeting for GenAI Access Day Jun 9

TCS scheduled an analyst and institutional investor meeting with CLSA India on June 12, 2026, focused on GenAI Access Day.
Sovereign AI infrastructure buildout Jun 9

TCS building 1 GW AI data center capacity via HyperVault, including 100 MW OpenAI partnership scalable to 1 GW, plus $1B equity partnership with TPG. Launched SovereignSecure Cloud in Europe in May 2026.

TL;DR: TCS is executing an aggressive AI pivot with annualized AI revenue reaching $2.5B (22% CQGR) and securing marquee partnerships with Anthropic, Oracle, and major clients like Elopak and Tottenham Hotspur. However, the stock is under severe pressure (down 34% YTD) due to the $168M DXC verdict becoming final, AI displacement fears threatening traditional billing models, and 23,000 job cuts signaling structural workforce reset. The fundamental narrative is strong — FY26 margins hit 4-year highs and TCV crossed $40.7B — but near-term sentiment remains challenged until AI revenue growth demonstrably offsets traditional services deflation and the Q1 FY27 provision clears.

Quarterly Results

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	59,162	59,381	59,692	60,583	61,237	62,613	64,259	63,973	64,479	63,437	65,799	67,087	70,698
Expenses	43,388	44,383	43,946	44,195	44,073	45,951	47,528	46,939	47,499	46,562	47,821	48,818	51,422
Operating Profit	15,774	14,998	15,746	16,388	17,164	16,662	16,731	17,034	16,980	16,875	17,978	18,269	19,276
OPM %	27%	25%	26%	27%	28%	27%	26%	27%	26%	27%	27%	27%	27%
Other Income	1,175	1,397	1,006	-96	1,157	962	729	1,243	1,028	1,660	-268	-2,273	757
Interest	272	163	159	230	226	173	162	234	227	195	229	538	265
Depreciation	1,286	1,243	1,263	1,233	1,246	1,220	1,266	1,377	1,379	1,361	1,413	1,380	1,406
PBT	15,391	14,989	15,330	14,829	16,849	16,231	16,032	16,666	16,402	16,979	16,068	14,078	18,362
Tax %	26%	26%	26%	25%	26%	25%	25%	25%	25%	24%	24%	24%	25%
Net Profit	11,436	11,120	11,380	11,097	12,502	12,105	11,955	12,444	12,293	12,819	12,131	10,720	13,784
EPS in Rs	31.13	30.26	31	30.56	34.37	33.28	32.92	34.22	33.79	35.27	33.37	29.45	37.92

Show % Change

Figures in ₹ Crores

Profit & Loss

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
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
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
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
OPM %	26%	28%	27%	26%	27%	27%	28%	28%	26%	27%	26%	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
Interest	104	33	32	52	198	924	637	784	779	778	796	1,227
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
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
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
EPS in Rs	50.68	61.58	66.71	67.46	83.87	86.19	87.67	105	115	127	134	136
Div. Payout %	78%	35%	35%	37%	36%	85%	43%	41%	100%	58%	94%	81%

Show % Change

Figures in ₹ Crores

Balance Sheet

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 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

Show % Change

Figures in ₹ Crores

Cash Flow

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 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

Show % Change

Figures in ₹ Crores

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 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%

Show % Change

Shareholding Pattern

	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	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 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%
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%
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%
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%
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%
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%
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

Show % Change

Documents

1

Concall - Nov 2025 Nov 2025

Transcript

2

Concall - Dec 2025 Dec 2025

Transcript PPT

3

Concall - Mar 2026 Mar 2026

PPT

4

Concall - Apr 2026 Apr 2026

Recording

5

Concall - Jan 2016 Jan 2016

PPT

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 ₹767649.63 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 15.40. 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 ₹2,055 and a high of ₹3,489.9. 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 5.22%. 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 50.48%. 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.