Tata Consultancy Services Ltd

Information Technology F&O

NSE: TCS BSE: 532540 Computers - Software & Consulting

Key Fundamentals

LargecapComputer Software & ConsultingInformation Technology

Market Cap

9.3L Cr

Volatility

Low Risk

P/E Ratio

19.5

Book Value

₹292.31

52W High

₹3,710

52W Low

₹2,561.3

Technical Indicators

Key Insights

▲

Strengths

Company has a good return on equity (ROE) track record: 3 Years ROE 50.3%
Company has been maintaining a healthy dividend payout of 83.8%

▼

Weaknesses

Stock is trading at 8.77 times its book value
The company has delivered a poor sales growth of 10.2% over past five years.

Growth Rate

Revenue Growth

5.70% ↗

Net Income Growth

5.00% →

Cash Flow Change

ROE

52.00% ↗

ROCE

EBITDA Margin (Avg.)

Quarterly Results

	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
Depreciation	1,269	1,286	1,243	1,263	1,233	1,246	1,220	1,266	1,377	1,379	1,361	1,413	1,380
EPS in Rs	29.64	31.13	30.26	31	30.56	34.37	33.28	32.92	34.22	33.79	35.27	33.37	29.45
Expenses	42,676	43,388	44,383	43,946	44,195	44,073	45,951	47,528	46,939	47,499	46,562	47,821	48,818
Interest	160	272	163	159	230	226	173	162	234	227	195	229	538
Net Profit	10,883	11,436	11,120	11,380	11,097	12,502	12,105	11,955	12,444	12,293	12,819	12,131	10,720
OPM %	27%	27%	25%	26%	27%	28%	27%	26%	27%	26%	27%	27%	27%
Operating Profit	15,553	15,774	14,998	15,746	16,388	17,164	16,662	16,731	17,034	16,980	16,875	17,978	18,269
Other Income	520	1,175	1,397	1,006	-96	1,157	962	729	1,243	1,028	1,660	-268	-2,273
Profit before tax	14,644	15,391	14,989	15,330	14,829	16,849	16,231	16,032	16,666	16,402	16,979	16,068	14,078
Sales	58,229	59,162	59,381	59,692	60,583	61,237	62,613	64,259	63,973	64,479	63,437	65,799	67,087
Tax %	26%	26%	26%	26%	25%	26%	25%	25%	25%	25%	24%	24%	24%

Profit & Loss

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Depreciation	1,349	1,799	1,888	1,987	2,014	2,056	3,529	4,065	4,604	5,022	4,985	5,242	5,533
Dividend Payout %	33%	78%	35%	35%	37%	36%	85%	43%	41%	100%	58%	94%	—
EPS in Rs	48.92	50.68	61.58	66.71	67.46	83.87	86.19	87.67	105	115	127	134	132
Expenses	56,657	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	1,90,700
Interest	39	104	33	32	52	198	924	637	784	779	778	796	1,189
Net Profit	19,332	20,060	24,338	26,357	25,880	31,562	32,447	32,562	38,449	42,303	46,099	48,797	47,963
OPM %	31%	26%	28%	27%	26%	27%	27%	28%	28%	26%	27%	26%	27%
Operating Profit	25,153	24,482	30,677	32,311	32,516	39,506	42,109	46,546	53,057	59,259	64,296	67,407	70,102
Other Income	1,637	3,720	3,084	4,221	3,642	4,311	4,592	1,916	4,018	3,449	3,464	3,962	147
Profit before tax	25,402	26,298	31,840	34,513	34,092	41,563	42,248	43,760	51,687	56,907	61,997	65,331	63,527
Sales	81,809	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	2,60,802
Tax %	24%	24%	24%	24%	24%	24%	23%	26%	26%	26%	26%	25%	—

Balance Sheet

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Borrowings	297	358	245	289	247	62	8,174	7,795	7,818	7,688	8,021	9,392	10,932
CWIP	3,168	2,766	1,670	1,541	1,278	963	906	926	1,205	1,234	1,564	1,546	2,221
Equity Capital	196	196	197	197	191	375	375	370	366	366	362	362	362
Fixed Assets	9,544	11,638	11,774	11,701	11,973	12,290	20,928	21,021	21,298	20,515	19,604	23,053	24,149
Investments	3,434	1,662	22,822	41,980	36,008	29,330	26,356	29,373	30,485	37,163	31,762	30,964	39,062
Other Assets	50,682	57,252	52,025	47,111	55,867	71,318	71,937	78,672	87,936	83,947	92,542	1,03,086	1,09,787
Other Liabilities	17,337	22,325	16,974	15,830	19,751	24,393	27,827	35,764	43,967	44,747	46,962	54,501	57,872
Reserves	48,999	50,439	70,875	86,017	84,937	89,071	83,751	86,063	88,773	90,058	90,127	94,394	1,06,053
Total Assets	66,829	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	1,75,219
Total Liabilities	66,829	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	1,75,219

Cash Flow

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Financing Activity	-5,673	-17,168	-9,666	-11,026	-26,885	-27,897	-39,915	-32,634	-33,581	-47,878	-48,536	-47,438
Cash from Investing Activity	-9,452	-1,807	-5,010	-16,895	3,104	1,645	8,968	-7,956	-738	548	6,091	-2,144
Cash from Operating Activity	14,751	19,369	19,109	25,223	25,067	28,593	32,369	38,802	39,949	41,965	44,338	48,908
Net Cash Flow	-374	394	4,433	-2,698	1,286	2,341	1,422	-1,788	5,630	-5,365	1,893	-674

Ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash Conversion Cycle	81	79	81	70	74	68	71	67	80	81	81	84
Debtor Days	81	79	81	70	74	68	71	67	80	81	81	84
ROCE %	56%	50%	51%	44%	39%	47%	47%	49%	54%	59%	64%	65%
Working Capital Days	52	33	62	62	61	70	64	59	33	30	34	34

Shareholding Pattern

12.8%

10.4%

71.8%

DIIs: 12.81% FIIs: 10.37% Government: 0.06% Promoters: 71.77% Public: 4.98%

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
DIIs	9.58%	9.80% ↑0.2	10.01% ↑0.2	10.03% ↑0.0	10.61% ↑0.6	11.00% ↑0.4	10.86% ↓0.1	10.86%	11.49% ↑0.6	11.95% ↑0.5	12.64% ↑0.7	12.81% ↑0.2
FIIs	12.72%	12.46% ↓0.3	12.47%	12.46%	12.70% ↑0.2	12.35% ↓0.3	12.66% ↑0.3	12.68% ↑0.0	12.04% ↓0.6	11.48% ↓0.6	10.33% ↓1.2	10.37% ↑0.0
Government	0.05%	0.05%	0.05%	0.05%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%
Promoters	72.30%	72.30%	72.30%	72.41% ↑0.1	71.77% ↓0.6	71.77%	71.77%	71.77%	71.77%	71.77%	71.77%	71.77%
Public	5.36%	5.38% ↑0.0	5.17% ↓0.2	5.03% ↓0.1	4.86% ↓0.2	4.82% ↓0.0	4.66% ↓0.2	4.63% ↓0.0	4.63%	4.77% ↑0.1	5.21% ↑0.4	4.98% ↓0.2
No. of Shareholders	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	23,32,275

12.8%

10.4%

71.8%

DIIs: 12.81% FIIs: 10.37% Government: 0.06% Promoters: 71.77% Public: 4.98%

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
DIIs	5.36%	6.93% ↑1.6	7.78% ↑0.9	8.00% ↑0.2	7.83% ↓0.2	7.81% ↓0.0	9.58% ↑1.8	10.61% ↑1.0	11.49% ↑0.9	12.81% ↑1.3
FIIs	16.90%	16.88% ↓0.0	15.80% ↓1.1	15.74% ↓0.1	15.62% ↓0.1	14.15% ↓1.5	12.72% ↓1.4	12.70% ↓0.0	12.04% ↓0.7	10.37% ↓1.7
Government	0.05%	0.05%	0.05%	0.06%	0.06%	0.04% ↓0.0	0.05% ↑0.0	0.06%	0.06%	0.06%
Promoters	73.31%	71.92% ↓1.4	72.05% ↑0.1	72.05%	72.19% ↑0.1	72.30% ↑0.1	72.30%	71.77% ↓0.5	71.77%	71.77%
Public	4.38%	4.22% ↓0.2	4.32% ↑0.1	4.14% ↓0.2	4.31% ↑0.2	5.70% ↑1.4	5.36% ↓0.3	4.86% ↓0.5	4.63% ↓0.2	4.98% ↑0.4
No. of Shareholders	6,37,799	5,50,651	7,23,894	8,58,825	10,58,901	24,74,310	24,99,384	22,03,209	21,15,093	23,32,275