Tata Consultancy Services Ltd

TCS

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Market Cap

₹ 11,68,787 Cr

P/E

23.24

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Performance

UNDER PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bullish

Risk

LOW RISK

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Price

PE Ratio

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Overview

Detailed Summary

Tata Consultancy Services (TCS) is a leading global IT services, consulting, and business solutions provider. It offers a comprehensive suite of services leveraging the latest technologies for industries worldwide.

TCS aims to become the world's largest AI-led technology services company by infusing AI into its service model and building a sovereign AI datacenter in India, reinforcing its position in AI.

The company reported strong financial performance despite macroeconomic challenges, with a Q2 FY26 revenue growth of 0.8% in constant currency and an operating margin of 25.2%.

TCS has achieved major contract wins, evidenced by a $10 billion TCV in Q2 FY26, which reflects a 16% YoY increase, highlighting its robust order pipeline and sales momentum.

TCS is expanding globally by establishing new centers and facilities, reflecting a concerted effort in scaling its operations and capabilities across different geographies.

Sector

IT - Software

Industry

Computers - Software - Large

Market Cap

11,68,787 Cr

Volatility

Low Risk

P/E Ratio

23.2

Industry P/E

25.7

PEG Ratio

5.2

P/B Ratio

11.1

52W High

4,473.00

52W Low

2,867.55

Sales CAGR

5.99%

10.25%

10.35%

10Y

10.73%

Profit CAGR

5.85%

7.96%

7.64%

10Y

8.49%

ROE

TTM

46.46%

49.09%

45.55%

10Y

39.79%

ROCE

TTM

56.04%

60.76%

56.37%

10Y

49.87%

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Forecasts

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Price, EPS and Revenue Projections

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
TCS	3230.40	11,68,787 Cr	23.24	11.05	3.90	46.46	56.04	28.36
INFY	1607.05	6,67,669 Cr	23.74	7.03	2.67	27.22	34.64	17.56
HCLTECH	1683.80	4,57,022 Cr	26.92	6.41	3.56	23.83	29.39	15.64
WIPRO	261.70	2,74,427 Cr	20.33	3.21	2.29	15.77	17.84	10.38
LTIM	6273.50	1,85,948 Cr	38.19	7.95	1.03	20.81	26.24	14.92
TECHM	1576.70	1,54,350 Cr	34.41	5.60	2.85	16.31	21.47	9.73
PERSISTENT	6282.90	99,266 Cr	59.61	13.89	0.55	23.30	29.31	16.84

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	59,381	59,692	60,583	61,237	62,613	64,259	63,973	64,479	63,437	65,799
Expenses	44,383	43,946	44,195	44,073	45,951	47,528	46,939	47,499	46,562	47,821
Operating Profit	14,998	15,746	16,388	17,164	16,662	16,731	17,034	16,980	16,875	17,978
OPM %	25.26	26.38	27.05	28.03	26.61	26.04	26.63	26.33	26.60	27.32
Other Income	1,397	1,006	-96	1,157	962	729	1,243	1,028	1,660	-268
Interest	163	159	230	226	173	162	234	227	195	229
Depreciation	1,243	1,263	1,233	1,246	1,220	1,266	1,377	1,379	1,361	1,413
Profit Before Tax	14,989	15,330	14,829	16,849	16,231	16,032	16,666	16,402	16,979	16,068
Tax %	25.81	25.77	25.17	25.80	25.42	25.43	25.33	25.05	24.50	24.50
Net Profit	11,120	11,380	11,097	12,502	12,105	11,955	12,444	12,293	12,819	12,131
EPS in Rs	30.60	31.35	30.29	34.37	33.28	32.92	34.21	33.79	35.27	33.37

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	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	2,56,148
Expenses	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	1,88,528
Operating Profit	32,311	32,516	39,506	42,109	46,546	53,057	59,259	64,296	67,407	67,620
OPM %	27.39	26.41	26.97	26.83	28.35	27.67	26.28	26.69	26.40	26.40
Other Income	4,221	3,642	4,311	4,592	1,916	4,018	3,449	3,464	3,962	4,660
Interest	32	52	198	924	637	784	779	778	796	818
Depreciation	1,987	2,014	2,056	3,529	4,065	4,604	5,022	4,985	5,242	5,383
Profit Before Tax	34,513	34,092	41,563	42,248	43,760	51,687	56,907	61,997	65,331	66,079
Tax %	23.63	24.09	24.06	23.20	25.59	25.61	25.66	25.64	25.31	25.07
Net Profit	26,357	25,880	31,562	32,447	32,562	38,449	42,303	46,099	48,797	49,511
EPS in Rs	72.66	71.04	86.57	89.38	89.62	105.65	116.49	126.61	134.20	136.64
Dividend Payout %	35.23	37.26	36.12	84.70	43.82	41.50	99.84	57.99	93.90	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	197	197	191	375	375	370	366	366	362	362
Reserves	70,875	86,017	84,937	89,071	83,751	86,063	88,773	90,058	90,127	94,394
Borrowings	196	271	235	44	8,174	7,795	7,818	7,688	8,021	9,392
Other Liabilities	17,828	16,767	20,933	25,453	28,599	36,531	44,557	45,539	47,939	55,481
Total Liabilities	89,096	1,03,252	1,06,296	1,14,943	1,20,899	1,30,759	1,41,514	1,43,651	1,46,449	1,59,629
Fixed Assets	11,774	11,701	11,973	12,290	20,928	21,021	21,298	20,515	19,604	23,053
CWIP	1,670	1,541	1,278	963	906	926	1,205	1,234	1,564	1,546
Investments	22,822	41,980	36,008	29,330	26,356	29,373	30,485	37,163	31,762	30,964
Other Assets	52,830	48,030	57,037	72,360	72,709	79,439	88,526	84,739	93,519	1,04,066
Total Assets	89,096	1,03,252	1,06,296	1,14,943	1,20,899	1,30,759	1,41,514	1,43,651	1,46,449	1,59,629

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	25,223	25,067	28,593	32,369	38,802	39,949	41,965	44,338	48,908
Cash from Investing Activity	-16,732	2,886	1,596	8,565	-8,129	-897	39	6,026	-2,318
Cash from Financing Activity	-11,026	-26,885	-27,897	-39,915	-32,634	-33,581	-47,878	-48,536	-47,438
Net Cash Flow	-2,535	1,068	2,292	1,019	-1,961	5,471	-5,874	1,828	-848

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	72.30%	72.30%	72.30%	72.30%	72.41%	71.77%	71.77%	71.77%	71.77%	71.77%	71.77%	71.77%
FIIs	12.94%	12.72%	12.46%	12.47%	12.47%	12.70%	12.36%	12.66%	12.68%	12.04%	11.47%	10.33%
DIIs	9.31%	9.64%	9.86%	10.07%	10.09%	10.67%	11.06%	10.91%	10.92%	11.56%	12.01%	12.70%
Public	5.45%	5.35%	5.38%	5.17%	5.03%	4.86%	4.82%	4.66%	4.63%	4.64%	4.75%	5.20%
Total Shareholders	25,56,970	24,99,384	25,02,835	23,67,003	23,36,016	22,03,209	21,81,391	20,93,962	20,75,117	21,15,093	21,64,289	23,88,232

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Jan 25, 2024	Marshall wace investment stra...	Block	Buy	3,841.80	9.63 Cr	25,078	0.00
Jan 25, 2024	Marshall wace investment stra...	Block	Buy	3,841.80	0.75 Cr	1,946	0.00
Jan 25, 2024	Societe generale	Block	Sell	3,841.80	10.38 Cr	27,024	0.00
Oct 26, 2023	Aia vcc - aia asian equity fund	Block	Buy	3,338.00	30.30 Cr	90,767	0.00
Oct 26, 2023	Aia investment trust-aia sing...	Block	Sell	3,338.00	26.15 Cr	78,327	0.00
Oct 26, 2023	Aia investment trust aia sing...	Block	Sell	3,338.00	2.13 Cr	6,367	0.00
Oct 26, 2023	Aia investment trust aia sing...	Block	Sell	3,338.00	1.33 Cr	3,998	0.00
Oct 26, 2023	Aia investment trust aia sing...	Block	Sell	3,338.00	0.69 Cr	2,075	0.00
Oct 19, 2023	Aia investment trust aia sing...	Block	Sell	3,463.35	4.48 Cr	12,927	0.00
Oct 19, 2023	Aia vcc - aia asian equity fund	Block	Buy	3,463.35	63.82 Cr	1,84,283	0.00

Projection

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Actions

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Announcements

Last 7 days

Newest

Sentiment

Press Release

3 hours ago

TCS and CII Release 2025 AI & IP Report

TCS and CII have launched the 2025 Artificial Intelligence & IP Report, showcasing significant growth in AI patent filings in India.

Press Release

1 day ago

TCS Opens New Office in Romania

TCS opens a new office in Bucharest, enhancing its European delivery network and local capabilities in digital engineering services.

Credit Rating

4 days ago

TCS Reaffirms ESG Rating as 'Leader'

Tata Consultancy Services announces its ESG Rating of 73, reaffirmed as 'Leader' by NSE Sustainability, based on FY 2024-25 disclosures.

Investor Meet

5 days ago

Analyst/Investor Meet Schedule for December 2025

Tata Consultancy Services has announced the schedule for Analyst and Institutional Investor meetings with Key Managerial Personnel for December 2025 under Regulation 30 of SEBI.

Merger/Acquisition

5 days ago

TCS Acquires Coastal Cloud Holdings

Tata Consultancy Services approves the acquisition of Coastal Cloud Holdings, LLC to enhance its consulting and AI capabilities in the Salesforce ecosystem.

Acquisition Announcement

5 days ago

TCS Acquires Coastal Cloud Holdings

Tata Consultancy Services Limited has announced the acquisition of Coastal Cloud Holdings, LLC and its subsidiaries, aimed at enhancing its capabilities in Salesforce and AI services.

Showing 1 - 6 of 7

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q1 FY25

Investor Presentation

Q4 FY24

Investor Presentation

Q3 FY24

Showing 1 - 8 of 11

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