Tata Consultancy Services
Tata Consultancy Services Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Tata Consultancy Services Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Tata Consultancy Services Ltd trades at a P/E of 14.30× and P/B of 7.04×, against the Technology sector median P/E of 19.49×.
Valuation
Profitability
Growth
Financial Health
Tata Consultancy Services Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Tata Consultancy Services Ltd, switchable between annual and quarterly views, consolidated or standalone.
Tata Consultancy Services Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹7,66,889.87 Cr and reported EPS of ₹136.00.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,46,463 | 1,56,949 | 1,64,177 | 1,91,754 | 2,25,458 | 2,40,893 | 2,55,324 | 2,67,021 |
| Other Income | 4,311 | 4,592 | 3,134 | 4,018 | 3,449 | 4,422 | 3,962 | 4,402 |
| Total Income | 1,50,774 | 1,61,541 | 1,67,311 | 1,95,772 | 2,28,907 | 2,45,315 | 2,59,286 | 2,71,423 |
| Cost of Goods Sold (COGS) | 2,270 | — | — | — | — | — | — | — |
| Gross Profit | 1,44,193 | 1,56,949 | 1,64,177 | 1,91,754 | 2,25,458 | 2,40,893 | 2,55,324 | 2,67,021 |
| +Operating Expenses | 1,04,687 | 1,14,840 | 1,17,631 | 1,38,697 | 1,66,199 | 1,76,597 | 1,87,917 | 1,94,623 |
| EBITDA | 39,506 | 42,109 | 46,546 | 53,057 | 59,259 | 64,296 | 67,407 | 72,398 |
| +Non-Operating Expenses | 2,254 | 4,453 | 3,484 | 5,388 | 5,801 | 4,805 | 6,038 | 2,261 |
| Profit Before Tax (PBT) | 41,563 | 42,248 | 43,760 | 51,687 | 56,907 | 61,997 | 65,331 | 65,487 |
| +Tax Expense | 10,001 | 9,801 | 11,198 | 13,238 | 14,604 | 15,898 | 16,534 | 16,033 |
| Profit After Tax (PAT) | 31,562 | 32,447 | 32,562 | 38,449 | 42,303 | 46,099 | 48,797 | 49,454 |
| Earnings Per Share (EPS) | 83.87 | 86.19 | 87.67 | 104.75 | 115.19 | 126.88 | 134.20 | 136.01 |
| Diluted Shares Outstanding (Nos.) | 375 | 375 | 370 | 366 | 366 | 362 | 362 | 362 |
| +Additional Disclosures | 1,11,895 | 1,19,864 | 1,22,926 | 1,44,112 | 1,72,648 | 1,82,788 | 1,94,788 | 2,04,404 |
| Sales Growth % | — | 7.16 | 4.61 | 16.80 | 17.58 | 6.85 | 5.99 | 4.58 |
| YoY Sales Growth % | — | 7.16 | 4.61 | 16.80 | 17.58 | 6.85 | 5.99 | 4.58 |
| Material Cost % | 2 | — | — | — | — | — | — | — |
| Employee Cost % | 53 | 55 | 56 | 56 | 57 | 58 | 57 | 58 |
| Other Cost % | 18 | 18 | 16 | 16 | 17 | 15 | 17 | 15 |
| OPM % | 27 | 27 | 28 | 28 | 26 | 27 | 26 | 27 |
| Tax % | 24 | 23 | 26 | 26 | 26 | 26 | 25 | 24 |
| Profit Growth % | — | 2.80 | 0.35 | 18.08 | 10.02 | 8.97 | 5.85 | 1.35 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 37,450 | 38,580 | 42,481 | 48,453 | 54,237 | 59,311 | 62,165 | 66,838 |
Tata Consultancy Services segment analysis: revenue and profit mix.
Disclosed business segments at Tata Consultancy Services with their share of revenue and profit, switchable between consolidated and standalone reporting.
Tata Consultancy Services discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Tata Consultancy Services Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Tata Consultancy Services Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Tata Consultancy Services Ltd's investment case rests on 10 positive markers and 9 flagged concerns drawn from the latest reported filings.
What you're getting.
Robust profitability with ROE 52.4% and ROCE 64.6% exceeding industry averages.
Consistent financial performance, evidenced by 8.54% quarterly profit growth.
Strong management control, with high promoter holding at 71.8% ensuring stability.
Healthy financial structure, indicated by a low debt-to-equity ratio of 0.10.
Diversified service portfolio across various industries reduces client concentration risk.
What can break it.
Stock price volatility, fluctuating significantly between ₹2867 and ₹4495 (52-week).
Slight promoter holding decrease from 72.30% to 71.77% warrants monitoring.
Large market capitalization of ₹11.23 trillion may limit rapid growth potential.
High TTM payout ratio of 92.94% might limit reinvestment for future growth.
Recent negative momentum with daily price returns showing -1.216% over five days.
What would change my mind.
Trim if P/E re-rates above 19 (~1.0× the sector multiple of 19.5). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 47%. The operating engine is no longer compounding capital efficiently.
Tata Consultancy Services Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Tata Consultancy Services Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Tata Consultancy Services Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Tata Consultancy Services Ltd — derived from the live tape, not yesterday's close.
Tata Consultancy Services Ltd last traded at ₹2,129.5 with an intraday range of ₹2,059.9–₹2,131 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹2129.50| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 2295.90 | +166.40 | +7.81% |
| R3 | 2224.80 | +95.30 | +4.48% |
| R2 | 2177.90 | +48.40 | +2.27% |
| R1 | 2153.70 | +24.20 | +1.14% |
| PIVOT | 2106.80 | -22.70 | -1.07% |
| CURRENT | 2129.50 | — | — |
| S1 | 1940.40 | -189.10 | -8.88% |
| S2 | 2011.50 | -118.00 | -5.54% |
| S3 | 2035.70 | -93.80 | -4.40% |
| S4 | 2082.60 | -46.90 | -2.20% |
TCS is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 2059.9 ~ 2112.1
Trading Below opening range, showing Bearishness
Tata Consultancy Services Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Tata Consultancy Services Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Tata Consultancy Services Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Tata Consultancy Services Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Tata Consultancy Services Ltd stood at 52.2% of traded volume, against a 20-day average of 50.7%.
Tata Consultancy Services announcements: results, concalls, ratings, M&A.
Filings Tata Consultancy Services sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Tata Consultancy Services files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 244 documents below.
Updates
Tata Consultancy Services Limited has informed the Exchange regarding 'Press Release - TCS launches India's first Oracle AI Data Platform Lab and…
Updates
Tata Consultancy Services Limited has informed the Exchange regarding 'Press Release - TCS and Anthropic launch Global Premier Partnership to drive…
Updates
Tata Consultancy Services Limited has informed the Exchange regarding 'Press Release - TCS wins multimillion-euro AI powered services transformation…
Updates
Tata Consultancy Services Limited has informed the Exchange regarding 'Press Release - Nokian Tyres advances IT transformation with AI-led…
Updates
Tata Consultancy Services Limited has informed the Exchange regarding 'Press Release - TCS expands partnership with Euroclear to modernize Sweden's…
Investor decks & rating reports.
Tata Consultancy Services dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Tata Consultancy Services has declared, sequenced by announce and record date.
Tata Consultancy Services corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Tata Consultancy Services Ltd: business, sector, key facts.
What Tata Consultancy Services Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Tata Consultancy Services Ltd operates in the Technology, listed as NSE: TCS, BSE: 532540.
Tata Consultancy Services (TCS) is a multinational information technology (IT) services and consulting company headquartered in Mumbai, India. Established in 1968, it's a subsidiary of Tata Sons Private Limited and operates globally, serving clients across various sectors in the Americas, Europe, India, and other international markets. TCS's core business revolves around providing a wide array of IT solutions and services tailored to diverse industry needs.
The company offers a comprehensive portfolio encompassing several key areas. This includes a range of platform-based solutions such as TCS ADD for life sciences, TCS BaNCS for financial services, and TCS BFSI Platforms for insurers and financial firms. Other platforms include TCS Chroma (HR management), TCS iON (learning ecosystem), TCS HOBS (product and process personalization), and TCS Intelligent Urban Exchange for smart cities and enterprises. They also provide solutions in areas like retail commerce (TCS OmniStore), strategic intelligence (TCS Optumera), and intelligent procurement (TCS Tap).
Beyond platforms, TCS provides a broad spectrum of IT services. This covers cloud computing, cognitive business solutions, cybersecurity services, data analytics, enterprise solutions, IoT and digital engineering services, artificial intelligence applications, network solutions, and sustainability consulting. They also offer specialized software products like ignio (cognitive automation), Quartz (distributed ledger technology), TCS TwinX (digital twin platform), TCS MasterCraft (AI-driven automation), and Jile (agile project management). This extensive service portfolio allows TCS to cater to the diverse IT needs of its clients.
TCS’s client base spans a wide range of industries including banking, capital markets, consumer goods, communications, education, energy, healthcare, high tech, insurance, life sciences, manufacturing, public services, retail, and travel and logistics. This diverse client portfolio highlights the company's adaptability and broad range of expertise across various sectors. Through its extensive platform offerings and comprehensive IT services, TCS positions itself as a major player in the global IT services landscape.
Questions investors ask about Tata Consultancy Services Ltd (TCS).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Tata Consultancy Services Ltd (TCS)?
The current share price of Tata Consultancy Services Ltd (TCS) is ₹2,129.5. Today, the stock has declined by ₹73.80 (3.35%), trading in a range of ₹2,059.9 to ₹2,131. The stock opened at ₹2,105 with a trading volume of 1,20,82,867 shares.
02Is Tata Consultancy Services Ltd stock a good investment for long-term?
Tata Consultancy Services Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹7,66,889.87 crores, P/E ratio of 14.30, ROE of 51.80%, and ROCE of 63.00%. The dividend yield stands at 3.06%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Tata Consultancy Services Ltd stock?
The 52-week high price of Tata Consultancy Services Ltd (TCS) is ₹3,489.9, while the 52-week low is ₹2,110. Currently trading at ₹2,129.5, the stock is 1.4% away from its 52-week low and 39.0% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Tata Consultancy Services Ltd stock at the current price?
Whether to buy Tata Consultancy Services Ltd stock at ₹2,129.5 depends on multiple factors. The stock is currently trading with a P/E ratio of 14.30 and P/B ratio of 7.04. Today's performance shows a loss of 3.35%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Tata Consultancy Services Ltd and when is the next dividend?
Tata Consultancy Services Ltd offers a dividend yield of 3.06%, which means for every ₹100 invested at the current price of ₹2,129.5, you can expect to receive approximately ₹3.06 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Tata Consultancy Services Ltd?
Tata Consultancy Services Ltd's key financial metrics include: P/E Ratio: 14.30, P/B Ratio: 7.04, ROE: 51.80%, ROCE: 63.00%, Dividend Yield: 3.06%, EPS: ₹136.00, Book Value: ₹296, and Debt-to-Equity: 0.11. The company's market cap stands at ₹7,66,889.87 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Tata Consultancy Services Ltd stock performing today in the market?
Tata Consultancy Services Ltd stock opened at ₹2,105 and is currently trading at ₹2,129.5, showing a decline of ₹73.80 (3.35%). The intraday high is ₹2,131 and low is ₹2,059.9. The trading volume stands at 1,20,82,867 shares, indicating strong market participation today.
08What is the P/E ratio of Tata Consultancy Services Ltd and what does it indicate?
Tata Consultancy Services Ltd has a Price-to-Earnings (P/E) ratio of 14.30, which means investors are willing to pay ₹14.30 for every ₹1 of earnings. With an EPS of ₹136.00, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Tata Consultancy Services Ltd (TCS) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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