Tata Consultancy Services Limited

₹2,498As of Sun 8 Nov 2026, 12:00 UTC

NSE:TCSTechnology

Country India

PE (Fwd) •••

TSR 10Y CAGR 10.28%

Div yield 4.48%

ROE 45.57%

Information Technology Services

Beta (5Y) 0.07

PE TTM 17.52

TSR TTM (14.77%)

Mkt cap ₹9.040T

ROIC 66.26%

SE Grade™

Value

Quality

Moat

Consensus

Reference

₹2,440

(2.34%)

(86.56%)

Sell 8|5|3|2|5

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

996.0

Revenue₹B

1,899

1,959

2,067

2,106

2,169

2,309

2,364

2,428

2,540

2,613

1,044

3.79%

3.64%

28.93

Revenue growth%

14.34

12.49

10.33

13.08

12.57

13.28

11.90

9.90

8.81

7.43

16.53

9.90

12.20

7.28

Gross margin%

17.08

15.00

13.34

15.13

13.17

10.83

13.45

14.09

13.26

15.51

26.98

13.45

13.77

8.75

Operating margin%

1.67

0.40

3.37

3.41

5.26

8.10

9.78

9.31

11.72

10.99

3.13

9.78

6.68

23.16

Net margin%

17.42

17.25

18.41

16.29

17.96

18.39

17.00

15.98

13.72

11.67

13.05

15.98

17.13

16.21

P/E ratio (avg)x

8.504

8.782

8.472

9.461

9.558

10.07

11.35

10.66

11.28

11.02

10.14

11.02

9.813

31.82

EV/EBITx

20.57

17.85

15.45

16.10

14.46

12.78

12.10

10.61

10.68

10.90

12.67

10.90

13.62

24.54

FCF yield (avg)%

9.66

9.92

7.50

9.66

8.20

6.22

7.30

10.23

7.26

5.80

5.64

7.26

7.85

21.73

FCF margin%

33.79

36.04

35.45

35.20

37.07

39.71

41.47

41.01

39.45

39.31

24.23

39.71

38.19

1.317

FCF / Net incomex

0.556

0.535

0.485

0.442

0.428

0.414

0.405

0.363

0.318

0.282

1.340

0.363

0.421

17.17

ROIC%

23.29

24.71

22.16

20.62

21.59

24.01

21.71

19.47

20.89

21.37

3.22

21.37

21.65

6.99

Return on equity%

5.91

6.35

5.81

3.69

3.59

1.06

0.40

1.66

0.40

0.45

6.66

0.45

2.62

12.03

Return on assets%

12.85

11.84

9.24

10.12

11.17

12.96

14.06

16.19

14.29

14.83

20.28

14.29

12.91

62.07

EPS₹

141.87

146.46

142.19

135.06

133.49

127.49

114.26

123.38

133.37

118.08

63.81

(2.42%)

(1.07%)

—

4.71

EPS growth%

18.48

16.31

14.90

15.27

13.10

14.37

17.22

15.28

14.31

15.04

9.22

15.04

15.16

248.33

Bookvalue per sh₹

310.24

322.52

359.53

337.84

327.80

295.35

333.65

353.12

330.39

360.74

270.44

1.93%

1.80%

—

108.48

FCF per share₹

212.04

229.95

226.69

230.44

257.24

276.41

288.40

282.61

263.15

295.77

249.41

2.83%

3.07%

—

123.76

Dividend per sh₹

92.69

100.36

115.00

112.18

117.17

128.59

129.39

137.82

154.39

145.26

117.97

4.39%

3.75%

—

15.53

Div yield (avg)%

12.47

14.55

16.11

18.72

18.28

20.07

21.09

23.31

20.67

20.92

21.48

20.92

19.39

6.69

Payout ratio%

15.55

16.23

16.92

18.79

19.86

19.97

19.42

17.23

18.60

20.20

13.09

19.42

18.70

3.646

Shares (diluted)B

2.751

2.829

3.035

2.717

2.565

2.360

2.338

2.359

2.099

1.903

3.583

(5.80%)

(3.99%)

24.34

Buyback yield%

24.84

25.00

25.11

26.48

28.04

29.70

30.17

30.55

32.06

31.73

7.78

30.55

28.87

0.359

D/E ratiox

2.315

2.273

2.382

2.711

2.684

2.620

3.005

3.256

3.733

3.918

1.261

3.256

2.697

1,512

Enterprise value₹B

661.3

670.4

710.6

709.0

677.7

671.0

585.4

556.2

575.8

609.0

1,882

(2.11%)

(0.92%)

170.6

LT debt₹B

1,070

1,018

1,130

1,055

1,182

1,101

1,145

1,153

1,120

1,063

1,502

(2.10%)

(0.58%)

Peers (US$96.26B)

Cap (US$)

Infosys Limited

50.95B

15.40x

HCL Technologies…

41.50B

20.86x

Wipro Limited

20.83B

15.56x

Accenture plc

153.9B

19.21x

Capital

TTM

10Y

Leveragex

0.375

(0.276)

(0.253)

EBIT/Intx

0.547

0.213

0.260

Own earn%

(54.23)

56.23

57.73

Sh yield%

39.87

52.65

48.05

Owners

Insiders/Inst%

9.72

73.70

Short interest%

5.41

SBC / revenue%

5.17

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

0–12

$1 testx

2.5

Incr. ROIC%

Tata Consultancy Services Limited provides IT and IT enabled services, including AI, data and analytics, cloud, consulting, cybersecurity and enterprise solutions, alongside software platforms such as TCS BaNCS, ignio, TCS iON and TCS AI WisdomNext. It serves banking, capital markets, insurance, healthcare, manufacturing, retail, public services and other industries, and operates as a subsidiary of Tata Sons Private Limited.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

₹2.613T

3.64%

1.00×

Cost of revenue

₹1.486T

3.54%

0.99×

Operating expenses

₹639.2B

3.77%

1.01×