Tata Consultancy Services Ltd.
NSE: TCS · Information Technology
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Instant answers about Tata Consultancy Services Ltd. — computed from its filings, no language modelPrice & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,46,463 | 1,56,949 | 1,64,177 | 1,91,754 | 2,25,458 | 2,40,893 | 2,55,324 | 2,67,021 |
| EBITDA | 39,506 | 42,109 | 46,546 | 53,057 | 59,259 | 64,296 | 67,407 | 72,398 |
| Operating margin | 27.0% | 26.8% | 28.4% | 27.7% | 26.3% | 26.7% | 26.4% | 27.1% |
| Interest | 198 | 924 | 637 | 784 | 779 | 778 | 796 | 1,227 |
| Depreciation | 2,056 | 3,529 | 4,065 | 4,604 | 5,022 | 4,985 | 5,242 | 5,560 |
| Profit before tax | 41,563 | 42,248 | 43,760 | 51,687 | 56,907 | 61,997 | 65,331 | 65,487 |
| Tax | 10,001 | 9,801 | 11,198 | 13,238 | 14,604 | 15,898 | 16,534 | 16,033 |
| Net profit | 31,472 | 32,340 | 32,430 | 38,327 | 42,147 | 45,908 | 48,553 | 49,210 |
| EPS ₹ | 83.05 | 86.19 | 86.71 | 103.62 | 115.19 | 125.88 | 134.19 | 136.01 |
| Operating cash flow | — | — | — | 39,949 | 41,965 | 44,338 | 48,908 | 52,094 |
| Capex | — | — | — | 2,995 | 3,100 | 2,674 | 3,937 | 4,078 |
| Dividend paid | — | — | — | 13,375 | 41,410 | 25,218 | 44,962 | 39,571 |
| Total assets | 1,14,943 | 1,20,899 | — | — | 1,43,651 | 1,46,449 | 1,59,629 | 1,82,372 |
| Equity | 89,446 | 84,126 | — | — | 90,424 | 90,489 | 94,756 | 1,07,240 |
Quarterly performance
last 33 quarters · ₹ crore| SEP '18 | DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 36,854 | 37,338 | 38,010 | 38,172 | 38,977 | 39,854 | 39,946 | 38,322 | 40,135 | 42,015 | 43,705 | 45,411 | 46,867 | 48,885 | 50,591 | 52,758 | 55,309 | 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 | 70,698 | 72,275 | 73,188 |
| Operating profit | 10,278 | 10,083 | 10,074 | 10,037 | 10,225 | 10,871 | 10,976 | 10,024 | 11,513 | 12,208 | 12,801 | 12,663 | 13,116 | 13,433 | 13,845 | 13,416 | 14,516 | 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 | 19,276 | 18,556 | 18,815 |
| Operating margin | 27.9% | 27.0% | 26.5% | 26.3% | 26.2% | 27.3% | 27.5% | 26.2% | 28.7% | 29.1% | 29.3% | 27.9% | 28.0% | 27.5% | 27.4% | 25.4% | 26.2% | 26.7% | 26.7% | 25.3% | 26.4% | 27.1% | 28.0% | 26.6% | 26.0% | 26.6% | 26.3% | 26.6% | 27.3% | 27.2% | 27.3% | 25.7% | 25.7% |
| Other income | 730 | 1,163 | 1,193 | 1,675 | 1,361 | 818 | 738 | 598 | 914 | 691 | 931 | 721 | 1,111 | 1,205 | 981 | 789 | 965 | 520 | 1,175 | 1,397 | 1,006 | 862 | 1,157 | 962 | 729 | 1,243 | 1,028 | 1,660 | 867 | 1,118 | 757 | 1,568 | 1,337 |
| Interest | 137 | 16 | 28 | 257 | 193 | 223 | 251 | 142 | 174 | 183 | 138 | 146 | 142 | 251 | 245 | 199 | 148 | 160 | 272 | 163 | 159 | 230 | 226 | 173 | 162 | 234 | 227 | 195 | 229 | 538 | 265 | 273 | 252 |
| Depreciation | 507 | 519 | 537 | 817 | 864 | 897 | 951 | 976 | 998 | 1,024 | 1,067 | 1,075 | 1,116 | 1,196 | 1,217 | 1,230 | 1,237 | 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 | 1,406 | 1,239 | 1,262 |
| Profit before tax | 10,364 | 10,711 | 10,702 | 10,638 | 10,529 | 10,569 | 10,512 | 9,504 | 10,037 | 11,692 | 12,527 | 12,163 | 12,969 | 13,191 | 13,364 | 12,776 | 14,096 | 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 | 18,362 | 17,944 | 18,638 |
| Tax | 2,437 | 2,590 | 2,550 | 2,485 | 2,471 | 2,426 | 2,419 | 2,455 | 2,533 | 2,965 | 3,245 | 3,132 | 3,316 | 3,385 | 3,405 | 3,257 | 3,631 | 3,761 | 3,955 | 3,869 | 3,950 | 3,732 | 4,347 | 4,126 | 4,077 | 4,222 | 4,109 | 4,160 | 3,937 | 3,358 | 4,578 | 4,524 | 4,704 |
| Net profit | 7,901 | 8,105 | 8,126 | 8,131 | 8,042 | 8,118 | 8,049 | 7,008 | 7,475 | 8,701 | 9,246 | 9,008 | 9,624 | 9,769 | 9,926 | 9,478 | 10,431 | 10,846 | 11,392 | 11,074 | 11,342 | 11,058 | 12,434 | 12,040 | 11,909 | 12,380 | 12,224 | 12,760 | 12,075 | 10,657 | 13,718 | 13,349 | 13,884 |
| EPS ₹ | 20.66 | 21.60 | 21.65 | 21.67 | 21.43 | 21.63 | 21.45 | 18.68 | 19.93 | 23.19 | 24.97 | 24.35 | 26.02 | 26.41 | 26.85 | 25.90 | 28.51 | 29.64 | 31.14 | 30.26 | 31.00 | 30.29 | 34.37 | 33.28 | 32.92 | 34.21 | 33.79 | 35.27 | 33.37 | 29.45 | 37.92 | 36.90 | 38.37 |
| Revenue YoY | — | — | — | — | 5.8% | 6.7% | 5.1% | 0.4% | 3.0% | 5.4% | 9.4% | 18.5% | 16.8% | 16.4% | 15.8% | 16.2% | 18.0% | 19.1% | 16.9% | 12.6% | 7.9% | 4.0% | 3.5% | 5.4% | 7.7% | 5.6% | 5.3% | 1.3% | 2.4% | 4.9% | 9.6% | 13.9% | 11.2% |
| Profit YoY | — | — | — | — | 1.8% | 0.2% | -0.9% | -13.8% | -7.1% | 7.2% | 14.9% | 28.5% | 28.7% | 12.3% | 7.4% | 5.2% | 8.4% | 11.0% | 14.8% | 16.8% | 8.7% | 2.0% | 9.1% | 8.7% | 5.0% | 12.0% | -1.7% | 6.0% | 1.4% | -13.9% | 12.2% | 4.6% | 15.0% |
Earlier results (standalone, Sep '07 – Jun '18)
₹ crore · from BSE, before the NSE XBRL filings beginTata Consultancy Services Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Full years
| FY12† | FY13† | FY14† | FY15† | FY16† | FY17† | FY18† | |
|---|---|---|---|---|---|---|---|
| Revenue | 38,859 | 48,353 | 64,138 | 73,578 | 85,589 | 92,693 | 97,356 |
| Operating profit | 11,386 | 14,263 | 21,263 | 21,028 | 26,895 | 27,089 | 27,805 |
| Operating margin | 29.3% | 29.5% | 33.2% | 28.6% | 31.4% | 29.2% | 28.6% |
| Other income | 2,685 | 2,227 | 3,128 | 4,467 | 3,678 | 4,568 | 5,803 |
| Interest | 16 | 31 | 23 | 80 | 14 | 16 | 30 |
| Depreciation | 688 | 795 | 1,066 | 1,394 | 1,545 | 1,575 | 1,647 |
| Profit before tax | 13,366 | 15,664 | 23,301 | 24,550 | 29,013 | 30,066 | 31,931 |
| Tax | 2,390 | 2,912 | 4,990 | 5,293 | 6,216 | 6,413 | 6,690 |
| Net profit | 10,976 | 12,752 | 18,311 | 19,257 | 22,797 | 23,653 | 25,241 |
Quarters
| SEP '07† | DEC '07† | JUN '08† | SEP '08† | DEC '08† | JUN '09† | SEP '09† | DEC '09† | JUN '10† | SEP '10† | DEC '10† | JUN '11† | SEP '11† | DEC '11† | MAR '12† | JUN '12† | SEP '12† | DEC '12† | MAR '13† | JUN '13† | SEP '13† | DEC '13† | MAR '14† | JUN '14† | SEP '14† | DEC '14† | MAR '15† | JUN '15† | SEP '15† | DEC '15† | MAR '16† | JUN '16† | SEP '16† | DEC '16† | MAR '17† | JUN '17† | SEP '17† | DEC '17† | MAR '18† | JUN '18† | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,577 | 4,834 | 5,212 | 5,700 | 5,875 | 5,610 | 5,744 | 5,883 | 6,411 | 7,267 | 7,627 | 8,614 | 9,329 | 10,544 | 10,372 | 11,411 | 11,926 | 12,367 | 12,649 | 13,944 | 16,608 | 16,693 | 16,894 | 17,438 | 18,405 | 18,936 | 18,798 | 20,074 | 21,636 | 21,621 | 22,258 | 23,087 | 23,016 | 23,184 | 23,406 | 23,476 | 24,032 | 24,278 | 25,570 | 29,368 |
| Operating profit | 1,299 | 1,310 | 1,282 | 1,601 | 1,614 | 1,554 | 1,672 | 1,848 | 1,861 | 2,159 | 2,345 | 2,434 | 2,660 | 3,251 | 3,040 | 3,452 | 3,575 | 3,671 | 3,565 | 4,170 | 5,748 | 5,779 | 5,565 | 5,488 | 5,901 | 6,141 | 3,497 | 6,431 | 7,054 | 6,768 | 6,641 | 6,807 | 6,819 | 6,748 | 6,715 | 6,286 | 6,913 | 7,117 | 7,489 | 8,388 |
| Operating margin | 28.4% | 27.1% | 24.6% | 28.1% | 27.5% | 27.7% | 29.1% | 31.4% | 29.0% | 29.7% | 30.7% | 28.3% | 28.5% | 30.8% | 29.3% | 30.3% | 30.0% | 29.7% | 28.2% | 29.9% | 34.6% | 34.6% | 32.9% | 31.5% | 32.1% | 32.4% | 18.6% | 32.0% | 32.6% | 31.3% | 29.8% | 29.5% | 29.6% | 29.1% | 28.7% | 26.8% | 28.8% | 29.3% | 29.3% | 28.6% |
| Other income | 105 | 107 | 110 | -179 | -143 | 1 | -25 | 40 | 36 | 103 | 137 | 257 | 1,420 | 764 | 243 | 169 | 1,149 | 455 | 454 | 275 | 1,514 | 653 | 686 | 799 | 865 | 1,503 | 1,299 | 894 | 698 | 1,149 | 938 | 979 | 1,175 | 1,360 | 1,054 | 2,414 | 807 | 1,043 | 1,539 | 2,381 |
| Interest | 1 | 1 | 0 | 0 | 5 | 1 | 1 | 3 | 2 | 14 | 3 | 2 | 8 | 3 | 2 | 4 | 13 | 4 | 9 | 5 | 10 | 4 | 5 | 4 | 58 | 13 | 5 | 1 | 3 | 4 | 5 | 6 | 3 | 3 | 4 | 21 | 4 | 2 | 3 | 12 |
| Depreciation | 108 | 118 | 82 | 103 | 115 | 113 | 119 | 118 | 115 | 126 | 139 | 157 | 174 | 173 | 184 | 182 | 197 | 202 | 215 | 226 | 262 | 280 | 297 | 335 | 341 | 351 | 367 | 361 | 388 | 389 | 407 | 386 | 396 | 394 | 399 | 396 | 412 | 419 | 420 | 415 |
| Profit before tax | 1,295 | 1,298 | 1,310 | 1,319 | 1,352 | 1,441 | 1,527 | 1,768 | 1,781 | 2,121 | 2,340 | 2,532 | 3,899 | 3,839 | 3,097 | 3,435 | 4,514 | 3,921 | 3,795 | 4,213 | 6,991 | 6,148 | 5,949 | 6,476 | 6,368 | 7,281 | 4,425 | 6,962 | 7,362 | 7,523 | 7,167 | 7,394 | 7,595 | 7,711 | 7,366 | 8,283 | 7,304 | 7,739 | 8,605 | 10,342 |
| Tax | 148 | 119 | 106 | 146 | 140 | 164 | 179 | 214 | 225 | 309 | 289 | 469 | 711 | 671 | 539 | 637 | 791 | 704 | 780 | 916 | 1,383 | 1,371 | 1,321 | 1,379 | 1,376 | 1,570 | 968 | 1,473 | 1,663 | 1,566 | 1,514 | 1,616 | 1,637 | 1,627 | 1,533 | 1,613 | 1,558 | 1,670 | 1,849 | 3,206 |
| Net profit | 1,147 | 1,179 | 1,204 | 1,173 | 1,212 | 1,276 | 1,348 | 1,554 | 1,556 | 1,813 | 2,052 | 2,062 | 3,187 | 3,168 | 2,558 | 2,798 | 3,723 | 3,217 | 3,015 | 3,298 | 5,608 | 4,777 | 4,629 | 5,097 | 4,992 | 5,711 | 3,457 | 5,489 | 5,698 | 5,957 | 5,653 | 5,778 | 5,958 | 6,084 | 5,833 | 6,670 | 5,746 | 6,069 | 6,756 | 7,136 |
| EPS ₹ | 11.72 | 12.05 | 12.30 | 11.99 | 12.38 | 6.51 | 6.87 | 7.93 | 7.93 | 9.24 | 10.46 | 10.52 | 16.27 | 16.17 | 12.99 | 14.26 | 18.99 | 16.40 | 15.37 | 16.82 | 28.60 | 24.36 | 23.54 | 26.02 | 25.48 | 29.16 | 17.65 | 28.02 | 28.92 | 30.23 | 28.69 | 29.32 | 30.24 | 30.88 | 29.61 | 34.11 | 30.02 | 31.70 | 35.29 | 18.64 |
| Revenue YoY | — | — | — | 24.5% | 21.5% | 7.6% | 0.8% | 0.1% | 14.3% | 26.5% | 29.6% | 34.4% | 28.4% | 38.2% | — | 32.5% | 27.8% | 17.3% | 22.0% | 22.2% | 39.3% | 35.0% | 33.6% | 25.1% | 10.8% | 13.4% | 11.3% | 15.1% | 17.6% | 14.2% | 18.4% | 15.0% | 6.4% | 7.2% | 5.2% | 1.7% | 4.4% | 4.7% | 9.2% | 25.1% |
| Profit YoY | — | — | — | 2.3% | 2.8% | 6.0% | 14.9% | 28.2% | 21.9% | 34.5% | 32.0% | 32.5% | 75.8% | 54.4% | — | 35.6% | 16.8% | 1.5% | 17.8% | 17.9% | 50.6% | 48.5% | 53.5% | 54.6% | -11.0% | 19.6% | -25.3% | 7.7% | 14.2% | 4.3% | 63.5% | 5.3% | 4.6% | 2.1% | 3.2% | 15.4% | -3.6% | -0.2% | 15.8% | 7.0% |
Returns & margins
trailing-twelve-month, per quarter| JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 36.1% | 36.2% | 36.2% | 38.4% | 37.1% | 36.4% | 37.1% | 38.5% | 40.9% | 43.5% | 44.8% | 45.6% | 46.1% | 40.6% | 41.7% | 46.6% | 48.4% | 44.4% | 44.6% | 50.7% | 51.8% | 46.7% | 48.0% | 51.2% | 52.0% | 46.5% | 44.8% | 45.9% | 46.4% | 43.4% |
| ROCE | 47.9% | 48.2% | 48.2% | 51.3% | 49.8% | 49.2% | 50.5% | 52.8% | 55.9% | 59.4% | 61.2% | 62.4% | 63.2% | 55.7% | 57.1% | 63.8% | 66.2% | 60.7% | 60.9% | 69.4% | 70.8% | 63.8% | 65.6% | 69.8% | 70.6% | 63.0% | 60.8% | 62.2% | 63.2% | 59.1% |
| Net margin | 21.5% | 21.2% | 20.9% | 20.6% | 19.9% | 19.4% | 19.5% | 19.8% | 20.1% | 20.6% | 20.4% | 20.0% | 19.5% | 19.1% | 18.8% | 18.7% | 18.8% | 18.9% | 18.8% | 19.1% | 19.2% | 19.1% | 19.3% | 19.0% | 19.2% | 19.2% | 18.3% | 18.4% | 18.1% | 18.2% |
| EBITDA margin | 26.9% | 26.5% | 26.6% | 26.8% | 26.8% | 27.4% | 27.9% | 28.4% | 28.7% | 28.5% | 28.1% | 27.7% | 27.0% | 26.6% | 26.4% | 26.3% | 26.2% | 26.2% | 26.3% | 26.7% | 27.0% | 26.9% | 26.8% | 26.4% | 26.4% | 26.7% | 26.9% | 27.1% | 26.9% | 26.4% |
| Debt / equity | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest coverage | 97.84 | 87.19 | 61.54 | 46.72 | 51.82 | 52.42 | 56.66 | 69.70 | 73.42 | 82.04 | 76.11 | 66.93 | 63.49 | 64.38 | 73.98 | 74.05 | 80.57 | 81.05 | 74.47 | 80.69 | 81.25 | 81.84 | 83.74 | 83.07 | 81.78 | 75.71 | 54.43 | 54.37 | 51.92 | 52.97 |
| Asset turnover | 1.31 | 1.33 | 1.35 | 1.30 | 1.30 | 1.31 | 1.33 | 1.36 | 1.42 | 1.47 | 1.53 | 1.59 | 1.65 | 1.40 | 1.46 | 1.57 | 1.62 | 1.53 | 1.54 | 1.64 | 1.67 | 1.54 | 1.56 | 1.60 | 1.60 | 1.47 | 1.49 | 1.46 | 1.51 | 1.48 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '14‡ | MAR '15‡ | MAR '16‡ | MAR '17‡ | MAR '18‡ | MAR '19‡ | MAR '20‡ | SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | 196 | 196 | 197 | 197 | 191 | 375 | 375 | 366 | 366 | 366 | 362 | 362 | 362 | 362 | 362 | 362 |
| Other equity / reserves | 48,291 | 49,311 | 64,661 | 86,017 | 84,937 | 89,071 | 83,751 | 97,088 | 90,058 | 1,00,315 | 90,127 | 1,01,133 | 94,394 | 1,06,053 | 1,06,878 | 1,18,624 |
| Total equity | 48,487 | 49,507 | 64,858 | 86,214 | 85,128 | 89,446 | 84,126 | 97,454 | 90,424 | 1,00,681 | 90,489 | 1,01,495 | 94,756 | 1,06,415 | 1,07,240 | 1,18,986 |
| Borrowings | 254 | 300 | 195 | 271 | 235 | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current liabilities | 15,670 | 20,318 | 21,976 | 14,512 | 17,828 | 22,084 | 27,060 | 40,988 | 43,558 | 44,904 | 46,104 | 48,482 | 53,001 | 55,284 | 60,914 | 57,887 |
| Non-current liabilities | 1,565 | 1,580 | 1,546 | 2,160 | 2,938 | 2,960 | 9,090 | 9,073 | 8,887 | 8,624 | 9,026 | 10,259 | 10,857 | 12,474 | 12,980 | 12,901 |
| Total assets | 67,138 | 73,661 | 89,384 | 1,03,252 | 1,06,296 | 1,14,943 | 1,20,899 | 1,48,173 | 1,43,651 | 1,54,940 | 1,46,449 | 1,61,124 | 1,59,629 | 1,75,219 | 1,82,372 | 1,90,782 |
| Property, plant & equipment | 7,035 | 9,376 | 10,607 | 10,057 | 10,216 | — | — | 10,265 | 10,230 | 9,464 | 9,376 | 9,438 | 10,978 | 10,886 | 11,032 | 11,893 |
| Capital work-in-progress | 3,168 | 2,766 | 1,671 | 1,541 | 1,278 | — | — | 1,513 | 1,234 | 1,408 | 1,564 | 1,500 | 1,546 | 2,221 | 2,665 | 2,380 |
| Investments | 3,434 | 1,662 | 22,586 | 41,980 | 36,008 | 29,091 | 26,140 | 43,118 | 37,163 | 44,083 | 31,762 | 36,081 | 30,964 | 39,062 | 33,988 | 40,840 |
| Inventories | 15 | 16 | 16 | 21 | 26 | 10 | 5 | 32 | 28 | 28 | 28 | 29 | 21 | 26 | 29 | 28 |
| Receivables | 18,230 | 20,438 | 24,070 | 22,684 | 25,037 | 27,346 | 30,532 | 46,351 | 50,302 | 51,343 | 53,720 | 57,858 | 59,175 | 63,600 | 67,927 | 69,374 |
| Cash & equivalents | 14,442 | 18,556 | 6,785 | 3,597 | 4,883 | 7,224 | 8,646 | 5,834 | 7,123 | 7,544 | 9,016 | 8,155 | 8,342 | 6,358 | 6,417 | 5,106 |
Cash flow
annual · ₹ crore · line = free cash flow| FY14‡ | FY15‡ | FY16‡ | FY17‡ | FY18‡ | FY19‡ | FY20‡ | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 14,751 | 19,369 | 19,115 | 25,223 | 25,067 | 28,593 | 32,369 | 39,949 | 41,965 | 44,338 | 48,908 | 52,094 |
| Cash from investing | -9,667 | -1,701 | -5,209 | -16,732 | 2,886 | 1,596 | 8,565 | -897 | 39 | 6,026 | -2,318 | -12,845 |
| Cash from financing | -5,673 | -17,168 | -9,616 | -11,026 | -26,885 | -27,897 | -39,915 | -33,581 | -47,878 | -48,536 | -47,438 | -42,133 |
| Capex | 3,126 | 2,949 | 2,047 | 1,990 | 1,862 | 2,231 | 2,730 | 2,995 | 3,100 | 2,674 | 3,937 | 4,078 |
| Free cash flow | 11,625 | 16,420 | 17,069 | 23,233 | 23,205 | 26,362 | 29,639 | 36,954 | 38,865 | 41,664 | 44,971 | 48,016 |
| Dividends paid | 5,480 | 17,020 | 9,479 | — | — | — | — | 13,375 | 41,410 | 25,218 | 44,962 | 39,571 |
Where the assets sit
Sep '26 · ₹ crorePeer comparison
largest in Information Technology · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Tata Consultancy Services Ltd. | 9,04,457 | 2,498.50 | 17.5 | 7.60 | 43.4% |
| Infosys Ltd. | 4,78,703 | 1,181.40 | 15.6 | 4.83 | 31.0% |
| HCL Technologies Ltd. | 3,90,960 | 1,440.00 | 21.3 | 5.14 | 24.1% |
| Wipro Ltd. | 1,96,119 | 198.00 | 14.9 | 2.48 | 16.7% |
| Tech Mahindra Ltd. | 1,62,227 | 1,831.00 | 35.2 | 5.47 | 15.5% |
| LTM Ltd. | 1,28,405 | 4,338.00 | 24.6 | 4.96 | 20.2% |
| Persistent Systems Ltd. | 95,494 | 6,053.50 | 72.3 | 11.12 | 15.4% |
| Coforge Ltd. | 91,967 | 2,076.00 | 47.7 | 4.11 | 8.6% |
| Oracle Financial Services Software Ltd. | 89,075 | 10,215.00 | 25.0 | 11.59 | 46.4% |
| MphasiS Ltd. | 48,121 | 2,520.00 | 24.0 | 4.46 | 18.5% |
StoxGud checklist: Bullish setup · 8/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
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FAQs
What is the share price of Tata Consultancy Services Ltd.?
Tata Consultancy Services Ltd. (TCS) closed at ₹2,498.50 on NSE on 06 Nov 2026.
What is the market cap of Tata Consultancy Services Ltd.?
₹9,04,457 crore at the latest close.
What is the P/E ratio of Tata Consultancy Services Ltd.?
17.5, on trailing-twelve-month earnings from its filings.
How fast is Tata Consultancy Services Ltd. growing?
Tata Consultancy Services Ltd.: revenue has compounded at 5.8% a year over three years; net profit at 5.3% a year. Latest-quarter revenue is up 11.2% year on year, profit up 15.0%.
How profitable is Tata Consultancy Services Ltd.?
On a trailing-twelve-month basis return on equity is 43.4%, return on capital employed 59.1%, operating margin 26.4%, net margin 18.2%.
How much debt does Tata Consultancy Services Ltd. have?
Tata Consultancy Services Ltd. is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹5,106 cr (balance sheet of 2026-09-30). Operating profit covers interest 53.0 times.
Financials parsed from Tata Consultancy Services Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '18, annual from FY19, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.