Tata Consultancy ServicesNSE: TCSBSE: 532540Information Technology · Computers - Software & Consulting

₹2,365.6066.20 (2.72%)

Mkt Cap: ₹8.57 L Cr.
P/E (TTM): 17.67
Open: ₹2,385.00
Day's Range: ₹2,326.10 – ₹2,391.00
52W Range: ₹1,976.80 – ₹3,350.00
Div Yield: 2.66%
EPS (TTM): ₹137.74
Book Value: ₹303.01

Tata Consultancy Services Financial Statements

Name: Tata Consultancy Services Financials — historical data
Creator: StockeZee

For Mar 2026, Tata Consultancy Services reported revenue of ₹2,67,021 crore and net profit of ₹49,210 crore. Return on equity stands at 51.80%. Profit & loss, balance sheet and cash flow across 8 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹2,67,021 Cr
EBITDA: ₹72,398 Cr
Operating margin: 27.11%
Profit after tax: ₹49,210 Cr
Net margin: 18.43%
EPS: ₹136.01
Latest year: Mar 2026
Years reported: 8

Tata Consultancy Services profit & loss

Reported annual performance for Tata Consultancy Services, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Tata Consultancy Services annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 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
Sales Growth YoY %	—	7.16%	4.61%	16.8%	17.58%	6.85%	5.99%	4.58%
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	0	0	0	0	0	0	0
Cost of Materials Consumed	2,270	0	0	0	0	0	0	0
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
Gross Margin %	98.45%	100%	100%	100%	100%	100%	100%	100%
Total 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
Employee Benefit Expense	78,246	85,952	91,814	1,07,554	1,27,522	1,40,131	1,45,788	1,54,994
Other Expenses	26,441	28,888	25,817	31,143	38,677	36,466	42,129	39,629
EBITDA	39,506	42,109	46,546	53,057	59,259	64,296	67,407	72,398
OPM %	26.97%	26.83%	28.35%	27.67%	26.28%	26.69%	26.4%	27.11%
Total Non-Operating Expenses	2,254	4,453	3,484	5,388	5,801	4,805	6,038	2,261
Depreciation & Amortisation	2,056	3,529	4,065	4,604	5,022	4,985	5,242	5,560
Finance Costs	198	924	637	784	779	778	796	1,227
Exceptional Items (Before Tax)	0	0	-1,218	0	0	-958	0	-4,526
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
Current Tax	9,502	10,378	11,635	13,654	14,757	15,864	16,910	16,388
Deferred Tax	499	-577	-437	-416	-153	34	-376	-355
Effective Tax %	24.06%	23.2%	25.59%	25.61%	25.66%	25.64%	25.31%	24.48%
Total Profit for Period	31,562	32,447	32,562	38,449	42,303	46,099	48,797	49,454
Less: Non-controlling Interests	90	107	132	122	156	191	244	244
Net Profit (Owner's PAT)	31,472	32,340	32,430	38,327	42,147	45,908	48,553	49,210
Net Profit Margin %	21.49%	20.61%	19.75%	19.99%	18.69%	19.06%	19.02%	18.43%
PAT Growth YoY %	—	2.76%	0.28%	18.18%	9.97%	8.92%	5.76%	1.35%
Earnings Per Share (EPS)	₹83.87	₹86.19	₹87.67	₹104.75	₹115.19	₹126.88	₹134.2	₹136.01
Diluted Shares Outstanding (Cr.)	375	375	370	366	366	362	362	362
Other Comprehensive Income (Net of Tax)	324	464	461	-95	492	237	589	2,750
Expenses	1,09,211	1,19,293	1,23,551	1,44,085	1,72,000	1,83,318	1,93,955	2,05,936
Material Cost %	1.55%	0%	0%	0%	0%	0%	0%	0%
Employee Cost %	53.42%	54.76%	55.92%	56.09%	56.56%	58.17%	57.1%	58.05%
Other Cost %	18.05%	18.41%	15.73%	16.24%	17.15%	15.14%	16.5%	14.84%
Interest Coverage (x)	189.14	41.75	66.69	61.8	69.62	76.24	78.1	54.47

Tata Consultancy Services revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Tata Consultancy Services balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Tata Consultancy Services annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	89,899	84,749	87,108	89,846	91,206	91,319	95,771	1,08,478
Equity Share Capital	375	375	370	366	366	362	362	362
Reserves & Surplus	89,071	83,751	86,063	88,773	90,058	90,127	94,394	1,06,878
Total Equity	89,899	84,749	87,108	89,846	91,206	91,319	95,771	1,08,478
Non-Current Liabilities	2,960	9,090	9,496	9,317	8,887	9,026	10,857	12,980
Long-term Borrowings	44	—	—	—	—	—	—	—
Deferred Tax Liabilities	1,042	779	767	590	792	977	980	1,205
Other Non-Current Liabilities	1,587	1,114	1,946	1,787	1,539	1,168	1,359	1,608
Non-Current Financial Liabilities	331	7,197	6,783	6,940	6,556	6,881	8,518	10,167
Current Liabilities	22,084	27,060	34,155	42,351	43,558	46,104	53,001	60,914
Trade Payables	6,292	6,740	7,860	8,045	10,515	9,981	13,909	14,808
Current Financial Liabilities	11,195	14,108	15,302	17,182	21,068	19,848	24,005	27,832
Other Current Financial Liabilities	4,903	7,368	7,442	9,137	10,553	9,867	10,096	13,024
Other Current Liabilities	7,983	8,947	11,216	15,837	12,800	14,683	16,101	16,953
Current Provisions	239	293	1,394	1,411	345	140	180	1,378
Current Tax Liabilities	2,667	3,712	6,243	7,921	9,345	11,433	12,715	14,751
Total Liabilities	25,044	36,150	43,651	51,668	52,445	55,130	63,858	73,894
Total Non-Current Assets	22,812	30,662	31,479	33,204	33,381	33,465	36,618	46,667
Property, Plant & Equipment (PPE)	10,411	10,941	11,110	10,774	10,230	9,376	10,978	11,032
Capital Work-in-Progress	963	906	926	1,205	1,234	1,564	1,546	2,665
Intangible Assets	179	8,277	8,113	8,737	8,427	8,396	10,215	11,203
Non-Current Investments	239	216	213	223	266	281	275	218
Loans – Non-Current	60	29	29	311	173	2	25	775
Other Non-Current Assets	5,380	4,173	3,458	4,006	5,389	5,196	5,281	4,044
Non-Current Financial Assets	1,523	1,827	2,143	2,987	2,936	3,698	3,160	4,150
Net Fixed Assets	11,553	20,124	20,149	20,716	19,891	19,336	22,739	24,900
Total Current Assets	92,131	90,237	99,280	1,08,310	1,10,270	1,12,984	1,23,011	1,35,705
Inventories	10	5	8	20	28	28	21	29
Trade Receivables	27,346	30,532	30,079	41,810	49,954	53,577	59,046	67,714
Cash & Cash Equivalents	7,224	8,646	6,858	12,488	7,123	9,016	8,342	6,417
Current Investments	29,091	26,140	29,160	30,262	36,897	31,481	30,689	33,770
Loans – Current	8,029	8,475	11,472	6,445	1,325	491	9	1,659
Current Financial Assets	84,240	82,018	88,017	98,128	1,00,527	1,00,538	1,07,949	1,17,884
Other Current Assets	6,028	8,206	11,236	10,151	9,707	12,267	14,784	16,533
Other Current Financial Assets	6,926	7,205	7,977	1,390	1,319	1,703	2,742	1,833
Current Tax Assets	1,853	8	19	11	8	151	257	1,259
Net Working Capital	70,047	63,177	65,125	65,959	66,712	66,880	70,010	74,791
Additional Asset Fields	3,109	3,451	4,606	4,415	4,089	4,233	4,593	5,703
Def Tax Assets	2,656	2,828	3,931	3,708	3,307	3,403	3,578	4,465
Non Controlling Int	453	623	675	707	782	830	1,015	1,238
Total Assets	1,14,943	1,20,899	1,30,759	1,41,514	1,43,651	1,46,449	1,59,629	1,82,372
Total Borrowings	44	—	—	—	—	—	—	—
Net Debt	-7,180	—	—	—	—	—	—	—
Debt to Equity (x)	0	—	—	—	—	—	—	—
Current Ratio (x)	4.17	3.33	2.91	2.56	2.53	2.45	2.32	2.23

Tata Consultancy Services cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Tata Consultancy Services annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	39,949	41,965	44,338	48,908	52,094
Profit Before Tax	51,687	56,907	61,997	65,331	65,487
Depreciation & Amortisation	4,604	5,022	4,985	5,242	5,560
Finance Costs	784	779	778	796	1,227
Working Capital Changes	-2,769	-4,217	-6,882	-3,359	-2,210
Tax Paid	-11,486	-12,966	-12,489	-15,586	-14,384
Net Cash from Investing Activities	-897	39	6,026	-2,318	-12,845
Purchase of PPE	-2,483	-2,532	-2,202	-2,917	-3,670
Sale of Fixed Assets	31	37	24	23	106
Interest Received	2,700	3,080	2,990	3,056	84
Net Cash from Financing Activities	-33,581	-47,878	-48,536	-47,438	-42,133
Proceeds from Borrowings	0	0	0	0	0
Repayment of Borrowings	0	0	0	0	0
Interest Paid	-698	-779	-699	-840	-901
Dividend Paid	-13,375	-41,410	-25,218	-44,962	-39,571
Buyback / Redemption of Shares	-18,049	-4,192	-21,005	0	0
Lease Liabilities Paid	-1,417	-1,515	-1,614	-1,664	-1,861
Net Change in Cash	12,329	-5,365	1,893	-674	-1,925
Effect of Foreign Exchange Changes	6,858	509	65	174	959
Free Cash Flow	37,466	39,433	42,136	45,991	48,424
CFO / PBT (x)	0.77	0.74	0.72	0.75	0.8

Tata Consultancy Services key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Tata Consultancy Services trades at a P/E of 17.67× against a sector median of 19.75× — a 11% discount. Sector comparisons can mislead for conglomerates with mixed business lines.

Tata Consultancy Services valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	17.67
Forward P/E	Valuation	12.5
P/B	Valuation	8.2
PEG (TTM)	Valuation	3
EV / EBITDA (TTM)	Valuation	10.22
P/S (TTM)	Valuation	3.19
Operating margin	Profitability	26.8%
Net margin (TTM)	Profitability	18.58%
Return on equity	Return ratios	51.8%
Return on capital employed	Return ratios	63%
Return on assets	Return ratios	24.44%
Debt to equity	Leverage & liquidity	0.11
Beta	Leverage & liquidity	0.75
EPS (TTM)	Per share	₹137.74
Book value	Per share	₹303.01
Revenue / share (TTM)	Per share	₹734.37
Cash flow / share	Per share	₹143.98
Dividend yield	Shareholder returns	2.66%
Dividend payout (TTM)	Shareholder returns	69.39%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Tata Consultancy Services: frequently asked questions

What is Tata Consultancy Services's annual revenue?

Tata Consultancy Services reported revenue of ₹2,67,021 crore in Mar 2026, up 4.6% on the previous financial year.

Is Tata Consultancy Services profitable?

Tata Consultancy Services reported a net profit of ₹49,210 crore in Mar 2026, up 1.4% on the previous financial year.

What is Tata Consultancy Services's EPS?

Tata Consultancy Services reported earnings per share of ₹136.01 for Mar 2026.

What is Tata Consultancy Services's operating margin?

Tata Consultancy Services's operating margin for Mar 2026 was 27.11%.

What is Tata Consultancy Services's return on equity?

Tata Consultancy Services's return on equity stands at 51.80%. ROE measures profit generated per rupee of shareholder equity.

How many years of Tata Consultancy Services financials are shown?

8 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

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.