TCSInformation Technology

Tata Consultancy Services Limited

Computers - Software & Consulting · ISIN INE467B01029 · BSE 532540 · NSE EQ · FV ₹1
Last price
₹2,190
+0.05%today
What this company does

Tata Consultancy Services Limited operates in Computers - Software & Consulting, part of the Information Technology sector. It booked ₹72,275 cr of revenue in its latest quarter (Q1 FY27) and kept 18.5% of sales as profit. It is the largest of 9 Computers - Software & Consulting companies we track, by market value.

The Company is primarily an IT services organisation and products, if any, are typically software products.
In the report:
82out of 100
Equitytale Health Score
Fortress

Healthier than 82% of companies in Information Technology, on all six measures of filed financials. Each measure is ranked against the 42–123 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns94

How much profit it earns on the money it employs

Balance sheet87

How much it owes, and whether earnings cover the interest

Cash quality76

Whether reported profit actually arrives as cash

Growth & consistency46

Whether sales and profit have grown, and how steadily

Valuation83

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 18% net margin
Sales up 14% vs last year
Promoters hold 72%
No promoter shares pledged
Strong 50% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in TCS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 7% a year, it would become
₹17.20 lakh

The slider starts at 7%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2,190 +0.05%
latest close · 2026-09-17
1-year return
-40.4%
52-wk low ₹2,16352-wk high ₹4,043
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio14.8Low
LowAverageHigh
P/B ratio7.39High
Below bookModerateHigh
EV / EBITDA10.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity49.8%Strong
WeakFairStrong ▸15%
Return on capital60.0%Strong
WeakFairStrong
Net margin18.5%Strong
ThinDecentStrong
EBITDA margin26.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover66.7×Strong
RiskyOkayStrong ▸5×
Current ratio2.23Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹7.93 L cr
Book value
₹296
EPS
₹36.90
latest quarter
Net debt
₹-6,417 cr
more cash than debt
Enterprise value
₹7.86 L cr
EBITDA
₹77,824 cr
annualised
EBIT
₹72,868 cr
annualised
Operating margin
25.2%
Return on assets
29.3%
Earnings yield
6.74%
P/S
2.74
Sales / share
₹798.6
Tax rate
25.2%
Face value
₹1
Shares
362.0 cr
Working capital
₹74,791 cr
Current assets
₹1.36 L cr
Current liabilities
₹60,914 cr
Delivery %
50.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Priced about rightHigh confidence
Median of 3 models ₹2,234 vs market price ₹2,190 — price is 2% below it
Safety cushion+2.0%(target ≥ +20%)
Models span ₹1,917₹2,299, midpoint ₹2,234
Model ₹2,234
Price ₹2,190
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹72,275 cr
Other Income₹1,568 cr
Total Income₹73,843 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹42,137 cr
Finance Costs₹273 cr
Depreciation & Amortisation₹1,239 cr
Other Expenses₹11,582 cr
Total Expenses₹55,231 cr
Exceptional Items₹-668 cr
Profit before Tax₹17,944 cr
Tax Expense₹4,524 cr
Net Profit₹13,420 cr
Net margin on total income18.2%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹42,137 cr57.6%
Finance costs₹273 cr0.4%
Depreciation & amortisation₹1,239 cr1.7%
Other expenses₹11,582 cr15.8%
Tax expense₹4,524 cr6.2%
Profit for the period₹13,420 cr18.3%
Total income ₹73,843 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue67,087 cr70,698 cr72,275 cr
Total income68,205 cr71,455 cr73,843 cr
Expenses50,736 cr53,093 cr55,231 cr
Profit before tax14,078 cr18,362 cr17,944 cr
Tax3,358 cr4,578 cr4,524 cr
Net profit (owners' share)10,657 cr13,718 cr13,349 cr
Net margin (owners' share, on revenue)15.9%19.4%18.5%
EPS (₹)29.4537.9236.90
YoY (latest quarter): total income +13.4% · net profit +4.6%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1.82 L cr
Shareholder equity
₹1.07 L cr
parent shareholders
Total debt
₹0 cr
Cash
₹6,417 cr
Cash flow · H1 FY26
Operating
₹24,944 cr
Investing
₹-11,165 cr
Financing
₹-16,305 cr
Peer comparison
Computers - Software & Consulting · by market value
CompanyPriceMarket capP/E
Tata Consultancy Services Limitedthis company₹2,190₹7.93 L cr14.8
Infosys Limited₹1,059₹4.29 L cr13.8
HCL Technologies Limited₹1,258₹3.42 L cr18.4
Wipro Limited₹166₹1.65 L cr13.0
Tech Mahindra Limited₹1,561₹1.38 L cr23.6
LTM Limited₹4,265₹1.26 L cr21.6
Persistent Systems Limited₹5,473₹86,337 cr44.3
Coforge Limited₹1,793₹79,340 cr36.3
MphasiS Limited₹2,320₹44,284 cr22.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
5.07%
trailing 12 months
Dividend / share (TTM)
₹111
Last dividend
₹12
ex 15 Jul 2026
ActionDetailEx-date
Dividend₹12 / share15 Jul 2026
Dividend₹31 / share25 May 2026
Dividend₹11 / share16 Jan 2026
Dividend₹46 / share16 Jan 2026
Dividend₹11 / share15 Oct 2025
Dividend₹11 / share16 Jul 2025
Who owns it · 2026-06-30
No pledge
Promoter
71.8%
FII / Foreign
9.1%
DII / Domestic
13.5%
Retail / others
5.7%
Promoter stake down 0.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtDamodar Padhi · Employees/Designated Employees65 · ₹2.2 L23 May 22
BoughtDamodar Padhi · Employees/Designated Employees685 · ₹22.8 L23 May 22
BoughtDamodar Padhi · Employees/Designated Employees193 · ₹7.4 L19 Apr 22
Bulk / block deals
short · NSE515 Sep 26
short · NSE210 Sep 26
short · NSE2,0159 Sep 26
Stake changes
BoughtLife Insurance Corporation of India→ 5.01% · 5.66 L29 Aug 25
SoldTata Sons Private Limited · promoter→ 71.74% · 2.34 cr19 Mar 24
SoldTata Sons Private Ltd · promoter→ 72.38% · 2.54 cr12 Dec 23
Promoter pledges
ReleasedCentbank Financial Services ltd71.60 L · 0.20% held25 Nov 24
ReleasedCentbank Financial Services Limited54.73 L · 0.35% held31 Jan 24
ReleasedCentbank Financial Services Ltd6.70 cr · 2.15% held26 Mar 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 19 Jun 2025
See the official result
1
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.
Backed by 99% of shareholders other than promotersneeded 50%
75.43 cr votes for, 57.14 L against · 1% of mutual funds and other big investors said no
2
To confirm the payment of Interim Dividends (including a special dividend) on Equity Shares and to declare a Final Dividend on Equity Shares for the financial year ended March 31, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
76.82 cr votes for, 3,784 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Aarthi Subramanian (DIN 07121802), who retires by rotation and being eligible, offers herself for re-appointment.
Backed by 97% of shareholders other than promotersneeded 50%
74.55 cr votes for, 2.25 cr against · 3% of mutual funds and other big investors said no
4
To appoint Aarthi Subramanian as a Whole-time Director designated as “Executive Director - President and Chief Operating Officer”
Backed by 98% of shareholders other than promotersneeded 50%
75.65 cr votes for, 1.16 cr against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 299 named members
owning 71.8% between them · as of 2026-06-30
Tata Sons Private Limited71.74%
Tata Investment Corporation Limited0.03%
915 Labs Incno shares
Actve Digital Services Private Limitedno shares
AFCL Ghana Ltd.no shares
AFCL Premium Services Ltd.no shares
AFCL RSA (Pty) Limitedno shares
AFCL Zambia Ltd.no shares
Business done with them
FY2026 · 1 of the group
The company paid ₹28,662 cr to companies in the promoter group last year — about 10.7% of its ₹2.67 L cr revenue and received ₹78 cr back from them.
Tata Sons Private Limited
Other payments to them · Refer Below
also owns 71.74% of the company
₹28,292 cr
company paid
Tata Sons Private Limited
Contribution made to them · Refer Below
also owns 71.74% of the company
₹368 cr
company paid
Tata Sons Private Limited
Provided services to them · Refer Below
also owns 71.74% of the company
₹78 cr
company received
Tata Sons Private Limited
Paid them for services · Refer Below
also owns 71.74% of the company
₹2 cr
company paid

The company also transacted with 3 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.