TCS.NS — Tata Consultancy Services Limited ₹2,446.60

TECHNOLOGY · Generated 2026-07-29 21:15
USAIND

Price graph

Quality Scorecard Stable

B77/100
✅ Pricing power (gross margin) 40% Gross margin 40% — wide margins, likely pricing power
✅ Return on equity 48% ROE 48% — high returns on capital
✅ Leverage (net debt / EBITDA) net cash Net cash — $337.2B more cash than debt
✅ Interest coverage 55x EBIT covers interest 55x — comfortably covered
✅ Earnings consistency (revenue) 0/3 down 0 revenue-down year(s) in 3 — no down years
🟡 Earnings growth (net income YoY) +1% Net income +1% YoY — earnings roughly flat
✅ Cash conversion (CFO/NI) 106% Operating cash ÷ net income 106% — earnings convert to cash
❌ Operating margin trend eroding Operating margin eroding
✅ Free cash flow margin 18% FCF margin 18% — strong cash generation
🟡 Returns capital to shareholders yes dividend ~2.7%; shares -0.0%/yr
🟡 Buyback efficiency (net share-count Δ) -0.0%/yr Shares outstanding -0.0% YoY — roughly flat

Stable-stage checklist (proxy metrics from yfinance). 11 of 11 criteria scored. Not financial advice.

Buy-Now Score

61/100
Quality ×40%77
Trajectory ×30%48
Valuation ×30%51

Comparative rank: 40% Quality + 30% Trajectory + 30% Valuation — higher = better buy now. Not financial advice.

Valuation

₹2,201.94₹3,291.83
Price ₹2,446.60DCF ₹2,992.57 (+22%)Analyst ₹2,481.05 (+1%)MarketGist fair ₹2,583.35 (+6%)

DCF: 5% start growth → 2.5%, 7.0% discount (band ₹2,439.34–₹3,554.43). Analyst: 42 analysts. MarketGist fair = 80% analyst + 20% DCF. Not financial advice.

Key Trends (6-yr)

GAAP EPS
▲ +1.4% YoY
Sales
▲ +4.6% YoY
Shares Outstanding
▲ +0.0% YoY

Company Overview

Basic Information

Company Name: Tata Consultancy Services Limited
Symbol: TCS.NS
Exchange: NSI
Sector: Technology
Industry: Information Technology Services

Company Details

Country: India
City: Mumbai
Employees: 584,519
Market Cap: ₹8.85T
Website: https://www.tcs.com

Business Description

Tata Consultancy Services Limited provides information technology (IT) and IT enabled services. It offers TCS ADD, a suite of AI powered life sciences platforms; TCS BaNCS, a financial services platform; TCS BFSI Platforms, a cloud-native, subscription-based as-a-service digital ecosystem for insurers and financial firms; TCS Chroma, a cloud-based AI-led hire-to-retire modular platform; TCS Customer Intelligence & Insights, an AI-powered, real-time customer data analytics solution; TCS ERP on Cloud, SAP transformation with AI-powered smart solutions; ignio, a cognitive automation software product; TCS iON, a learning ecosystem; and TCS HOBS, a cloud-native, catalog-centric platform with composable architecture and insights-led personalization capabilities. It also offers TCS Intelligent Urban Exchange for enterprises and smart cities; TCS OmniStore, a retail commerce platform; TCS Optumera, a strategic intelligence platform; TCS Tap, a platform for intelligent procurement; Quartz, a distributed ledger technology; TCS TwinX, a risk-free experimentation platform; TCS MasterCraft, an AI-driven cognitive automation product; Jile, an enterprise agile planning and delivery tool; TCS DigiBOLT, an end-to-end, organization-wide enterprise platform; and TCS AI WisdomNext, an enterprise grade GenAI platform. In addition, the company provides AI, data and analytics, cloud, cognitive business, consulting, cybersecurity, enterprise solutions, industrial autonomy and engineering, network solutions and services, TCS interactive, and sustainability services. It serves banking; capital markets; consumer packaged goods and distribution; communications, media, and information services; education; energy, resources, and utilities; healthcare; high tech; insurance; life sciences; manufacturing; public services; retail; and travel and logistics industries. The company was founded in 1968 and is based in Mumbai, India. The company operates as a subsidiary of Tata Sons Private Limited.

Key Metrics

Price & Valuation

Current Price
₹2.45K
Market Cap
₹8.85T
P/E Ratio
17.77
Forward P/E
15.08
PEG Ratio
3.00
Price to Book
8.07

Profitability

Profit Margin: 18.05%
Operating Margin: 23.96%
Gross Margin: 40.39%
Return on Equity (ROE): 47.74%
Return on Assets (ROA): 24.48%
Revenue Growth: 13.90%

Financial Health

Current Ratio: 2.28
Quick Ratio: 2.04
Debt to Equity: 10.21
Total Debt: ₹113.09B
Total Cash: ₹450.31B
Beta: 0.24

Trading & Analyst Info

52-Week Range

52-Week High: ₹3.35K
52-Week Low: ₹1.98K
50-Day Average: ₹2.19K
200-Day Average: ₹2.68K

Analyst Recommendations

Recommendation: BUY
Target Mean Price: ₹2.48K
Target High: ₹3.65K
Target Low: ₹1.80K

Quarterly Verdict

🟡 67/100

Hold / watch

Quality grade B; 2 improving / 4 weakening metrics YoY.

➕ Pricing power (gross margin): Gross margin 40% — wide margins, likely pricing power
➕ Return on equity: ROE 48% — high returns on capital
➕ Leverage (net debt / EBITDA): Net cash — $337.2B more cash than debt
➕ Interest coverage: EBIT covers interest 55x — comfortably covered
➕ Earnings consistency (revenue): 0 revenue-down year(s) in 3 — no down years
➕ Cash conversion (CFO/NI): Operating cash ÷ net income 106% — earnings convert to cash
➖ Operating margin trend: Operating margin eroding
➕ Free cash flow margin: FCF margin 18% — strong cash generation
➕ Revenue +13.9% YoY
➕ Net income +4.6% YoY
➖ Operating margin -0.5 pts YoY
➖ Free cash flow -2.1% YoY
➖ Cash -23.1% YoY
➖ Debt +20.1% YoY

Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.

Financial Statements

Income Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-31
Tax Effect Of Unusual Items₹-9.02B₹445.28M₹-1.91B₹277.56M
Tax Rate For Calcs₹0.25₹0.25₹0.26₹0.26
Normalized EBITDA₹759.40B₹711.93B₹685.06B₹626.00B
Total Unusual Items₹-36.66B₹1.76B₹-7.46B₹1.08B
Total Unusual Items Excluding Goodwill₹-36.66B₹1.76B₹-7.46B₹1.08B
Net Income From Continuing Operation Net Minority Interest₹492.10B₹485.53B₹459.08B₹421.47B
Reconciled Depreciation₹55.60B₹52.42B₹49.85B₹50.22B
Reconciled Cost Of Revenue₹1.47T₹1.46T₹1.33T₹1.20T
EBITDA₹722.74B₹713.69B₹677.60B₹627.08B
EBIT₹667.14B₹661.27B₹627.75B₹576.86B
Net Interest Income₹26.27B₹25.00B₹30.03B₹24.69B
Interest Expense₹12.27B₹7.96B₹7.78B₹7.79B
Interest Income₹38.54B₹32.96B₹37.81B₹32.48B
Normalized Income₹519.74B₹484.22B₹464.63B₹420.67B
Net Income From Continuing And Discontinued Operation₹492.10B₹485.53B₹459.08B₹421.47B

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Balance Sheet (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Treasury Shares NumberN/AN/A₹0.00N/A₹0.00
Ordinary Shares Number₹3.62B₹3.62B₹3.62B₹3.66BN/A
Share Issued₹3.62B₹3.62B₹3.62B₹3.66BN/A
Total Debt₹112.83B₹93.92B₹80.21B₹76.88BN/A
Tangible Book Value₹977.77B₹917.48B₹879.10B₹876.03BN/A
Invested Capital₹1.07T₹947.56B₹904.89B₹904.24BN/A
Working Capital₹747.91B₹700.10B₹668.80B₹667.12BN/A
Net Tangible Assets₹977.77B₹917.48B₹879.10B₹876.03BN/A
Capital Lease Obligations₹112.83B₹93.92B₹80.21B₹76.88BN/A
Common Stock Equity₹1.07T₹947.56B₹904.89B₹904.24BN/A
Total Capitalization₹1.07T₹947.56B₹904.89B₹904.24BN/A
Total Equity Gross Minority Interest₹1.08T₹957.71B₹913.19B₹912.06BN/A
Minority Interest₹12.38B₹10.15B₹8.30B₹7.82BN/A
Stockholders Equity₹1.07T₹947.56B₹904.89B₹904.24BN/A
Other Equity Interest₹1.07T₹943.94B₹901.27B₹900.58BN/A

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Cash Flow Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Free Cash Flow₹479.48B₹449.71B₹416.64B₹388.65BN/A
Repurchase Of Capital StockN/A₹0.00₹-170.00B₹0.00₹-180.00B
Issuance Of Capital Stock₹1.26B₹0.00N/AN/A₹1.62B
Capital Expenditure₹-41.46B₹-39.37B₹-26.74B₹-31.00BN/A
End Cash Position₹64.17B₹83.42B₹90.16B₹71.23BN/A
Beginning Cash Position₹83.42B₹90.16B₹71.23B₹124.88BN/A
Effect Of Exchange Rate Changes₹9.59B₹1.74B₹650.00M₹5.09BN/A
Changes In Cash₹-28.84B₹-8.48B₹18.28B₹-58.74BN/A
Financing Cash Flow₹-421.33B₹-474.38B₹-485.36B₹-478.78BN/A
Net Other Financing Charges₹740.00M₹280.00M₹-39.59B₹-41.74BN/A
Interest Paid Cff₹-9.01B₹-8.40B₹-6.99B₹-7.79BN/A
Cash Dividends Paid₹-394.37B₹-448.64B₹-251.37B₹-413.47BN/A
Net Preferred Stock Issuance₹1.26B₹0.00N/AN/AN/A
Preferred Stock Issuance₹1.26B₹0.00N/AN/AN/A
Net Common Stock IssuanceN/A₹0.00₹-170.00B₹0.00₹-180.00B

Showing 15 of 50 rows

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