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Tata Consultancy Services Ltd

NSE: TCS BSE: 532540IT / Software

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]

₹2,284
52W: ₹2206 — ₹3559
PE 15.8 · Book ₹234 · +876% vs book
Market Cap₹8,26,444 Cr
Stock P/E15.8Price to Earnings
ROCE76.7%Return on Capital
ROE65.2%Return on Equity
Div. Yield2.8%Face Value ₹1

Strengths

  • +Company has a good return on equity (ROE) track record: 3 Years ROE 63.6%
  • +Company has been maintaining a healthy dividend payout of 78.9%

Weaknesses

  • −Stock is trading at 9.66 times its book value
  • −The company has delivered a poor sales growth of 10.2% over past five years.

Shareholding Pattern

Promoters71.77%
FIIs9.66%
DIIs13.34%
Public5.16%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters71.77%71.77%71.77%71.77%71.77%71.77%71.77%71.77%
FIIs12.35%12.66%▲0.312.68%▲0.012.04%▼0.611.48%▼0.610.33%▼1.210.37%▲0.09.66%▼0.7
DIIs11%10.86%▼0.110.86%11.49%▲0.611.95%▲0.512.64%▲0.712.81%▲0.213.34%▲0.5
Public4.82%4.66%▼0.24.63%▼0.04.63%4.77%▲0.15.21%▲0.44.98%▼0.25.16%▲0.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales50,84451,48852,84453,99053,88354,13652,78854,53155,56758,052
Expenses36,48136,94238,26939,43239,15640,06738,03138,86339,87341,922
Operating Profit14,36314,54614,57514,55814,72714,06914,75715,66815,69416,130
OPM %28%28%28%27%27%26%28%29%28%28%
Net Profit10,75311,39312,11512,99411,83211,11612,55211,82810,19014,526
EPS ₹29.7231.4933.4835.9132.730.7234.6932.6928.1640.15

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,20,938Cr, up 2.8% YoY. OPM at 28%.

Debt Position

Borrowings at ₹9,354Cr. Debt-to-equity ratio: 0.11x. Healthy balance sheet.

Capex Cycle

CWIP at ₹2,402Cr (14% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 13.34% (+3.54pp change). FIIs: 9.66% (-2.80pp change). Promoters hold 71.77%.

Margin & Efficiency

ROCE improving from 53% (Mar 2015) to 77% (Mar 2026). Working capital days: 34.

Valuation

PE 15.8x with 76.7% ROCE. Price is 876% above book value of ₹234. Dividend yield: 2.8%.

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