TCS

Tata Consultancy Services Limited

India's largest IT services exporter, repositioning around AI-led delivery

Information Technology›Information Technology›IT - Software›Computers - Software & Consulting

tcs.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹2465.00
Market cap
8,92,330 Cr
Stock P/E
17.3
P/B
7.50
Dividend yield
4.4%
ROE (FY26)
45.4%
ROCE (FY26)
61.5%
Operating margin (FY26)
25.0%
Debt / equity (FY26)
0.00
OCF / EBITDA (FY26)
72.0%
OCF / EBITDA (3Y)
71.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

TCS (Tata Consultancy Services), headquartered in Mumbai, builds and runs software, consulting and outsourced technology operations for large global enterprises, and is repositioning around AI-led delivery.

Company snapshot

1stBy market cap

Ranked among 50 companies in Computers - Software & Consulting.

Segment mix

Reportable segments as of 2024-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 36.9% of revenue

SegmentRevenue shareRevenuePBTAssets
Banking, Financial Services and Insurance
36.9%
46,859 Cr12,356 Cr—
Communication, Media and Technology
18.0%
22,882 Cr4,816 Cr—
Consumer Business
15.8%
20,016 Cr5,322 Cr—
Life Sciences and Healthcare
10.7%
13,539 Cr3,941 Cr—
Manufacturing
9.9%
12,581 Cr4,153 Cr—
Others
8.7%
10,995 Cr2,805 Cr—

What we see

Positives
  • ✓Net margin of 18.5% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Sales60,583 Cr61,237 Cr62,613 Cr64,259 Cr63,973 Cr64,479 Cr63,437 Cr65,799 Cr67,087 Cr70,698 Cr72,275 Cr73,188 Cr
Operating expenses (approx.)44,195 Cr44,073 Cr45,951 Cr47,528 Cr46,939 Cr47,499 Cr46,562 Cr47,821 Cr48,818 Cr51,422 Cr53,719 Cr54,373 Cr
EBITDA16,388 Cr17,164 Cr16,662 Cr16,731 Cr17,034 Cr16,980 Cr16,875 Cr17,978 Cr18,269 Cr19,276 Cr18,556 Cr18,815 Cr
OPM %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 income862 Cr1,157 Cr962 Cr729 Cr1,243 Cr1,028 Cr1,660 Cr867 Cr1,118 Cr757 Cr1,568 Cr1,337 Cr
Interest230 Cr226 Cr173 Cr162 Cr234 Cr227 Cr195 Cr229 Cr538 Cr265 Cr273 Cr252 Cr
Depreciation1,233 Cr1,246 Cr1,220 Cr1,266 Cr1,377 Cr1,379 Cr1,361 Cr1,413 Cr1,380 Cr1,406 Cr1,239 Cr1,262 Cr
Profit before tax14,829 Cr16,849 Cr16,231 Cr16,032 Cr16,666 Cr16,402 Cr16,979 Cr16,068 Cr14,078 Cr18,362 Cr17,944 Cr18,638 Cr
Tax %25.2%25.8%25.4%25.4%25.3%25.1%24.5%24.5%23.9%24.9%25.2%25.2%
Net profit11,097 Cr12,502 Cr12,105 Cr11,955 Cr12,444 Cr12,293 Cr12,819 Cr12,131 Cr10,720 Cr13,784 Cr13,420 Cr13,934 Cr
EPS (₹)₹30.29₹34.37₹33.28₹32.92₹34.21₹33.79₹35.27₹33.37₹29.45₹37.92₹36.90₹38.37

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,17,966 Cr1,23,104 Cr1,46,463 Cr1,56,949 Cr1,64,177 Cr1,91,754 Cr2,25,458 Cr2,40,893 Cr2,55,324 Cr2,67,021 CrSign in free for the trailing twelve months
Operating expenses (approx.)85,655 Cr90,588 Cr1,06,957 Cr1,14,840 Cr1,17,631 Cr1,38,697 Cr1,66,199 Cr1,76,597 Cr1,87,917 Cr1,94,623 CrSign in free for the trailing twelve months
EBITDA32,311 Cr32,516 Cr39,506 Cr42,109 Cr46,546 Cr53,057 Cr59,259 Cr64,296 Cr67,407 Cr72,398 CrSign in free for the trailing twelve months
OPM %27.4%26.4%27.0%26.8%28.4%27.7%26.3%26.7%26.4%27.1%Sign in free for the trailing twelve months
Other income4,221 Cr3,642 Cr4,311 Cr4,592 Cr3,134 Cr4,018 Cr3,449 Cr4,422 Cr3,962 Cr4,402 CrSign in free for the trailing twelve months
Interest32 Cr52 Cr198 Cr924 Cr637 Cr784 Cr779 Cr778 Cr796 Cr1,227 CrSign in free for the trailing twelve months
Depreciation1,987 Cr2,014 Cr2,056 Cr3,529 Cr4,065 Cr4,604 Cr5,022 Cr4,985 Cr5,242 Cr5,560 CrSign in free for the trailing twelve months
Profit before tax34,513 Cr34,092 Cr41,563 Cr42,248 Cr43,760 Cr51,687 Cr56,907 Cr61,997 Cr65,331 Cr65,487 CrSign in free for the trailing twelve months
Tax %23.6%24.1%24.1%23.2%25.6%25.6%25.7%25.6%25.3%24.5%Sign in free for the trailing twelve months
Net profit26,357 Cr25,880 Cr31,562 Cr32,447 Cr32,562 Cr38,449 Cr42,303 Cr46,099 Cr48,797 Cr49,454 CrSign in free for the trailing twelve months
EPS (₹)₹133.41₹134.19₹83.05₹86.19₹86.71₹103.62₹115.19₹125.88₹134.19₹136.01Sign in free for the trailing twelve months
Dividend payout %————33.5%34.8%97.9%54.7%92.1%80.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital197 Cr191 Cr375 Cr375 Cr370 Cr366 Cr366 Cr362 Cr362 Cr362 Cr
Reserves86,017 Cr84,937 Cr89,071 Cr83,751 Cr86,063 Cr88,773 Cr90,058 Cr90,127 Cr94,394 Cr1,06,878 Cr
Borrowings271 Cr235 Cr44 Cr———————
Other liabilities16,401 Cr20,531 Cr25,000 Cr36,150 Cr43,651 Cr51,668 Cr52,445 Cr55,130 Cr63,858 Cr73,894 Cr
Total liabilities1,03,252 Cr1,06,296 Cr1,14,943 Cr1,20,899 Cr1,30,759 Cr1,41,514 Cr1,43,651 Cr1,46,449 Cr1,59,629 Cr1,82,372 Cr
Fixed assets (net)10,057 Cr10,216 Cr10,411 Cr10,941 Cr11,110 Cr10,774 Cr10,230 Cr9,376 Cr10,978 Cr11,032 Cr
CWIP1,541 Cr1,278 Cr963 Cr906 Cr926 Cr1,205 Cr1,234 Cr1,564 Cr1,546 Cr2,665 Cr
Investments41,980 Cr36,008 Cr29,330 Cr26,356 Cr29,373 Cr30,485 Cr37,163 Cr31,762 Cr30,964 Cr33,988 Cr
Loans & advances——8,029 Cr8,475 Cr11,472 Cr6,445 Cr1,325 Cr491 Cr9 Cr1,659 Cr
Inventories21 Cr26 Cr10 Cr5 Cr8 Cr20 Cr28 Cr28 Cr21 Cr29 Cr
Trade receivables22,617 Cr24,943 Cr27,346 Cr30,532 Cr30,079 Cr41,810 Cr49,954 Cr53,577 Cr59,046 Cr67,714 Cr
Cash & bank3,597 Cr4,883 Cr7,224 Cr8,646 Cr6,858 Cr12,488 Cr7,123 Cr9,016 Cr8,342 Cr6,417 Cr
Other assets23,439 Cr28,942 Cr31,630 Cr35,038 Cr40,933 Cr38,287 Cr36,594 Cr40,635 Cr48,723 Cr58,868 Cr
Total assets1,03,252 Cr1,06,296 Cr1,14,943 Cr1,20,899 Cr1,30,759 Cr1,41,514 Cr1,43,651 Cr1,46,449 Cr1,59,629 Cr1,82,372 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity25,223 Cr25,067 Cr28,593 Cr32,369 Cr38,802 Cr39,949 Cr41,965 Cr44,338 Cr48,908 Cr52,094 Cr
Cash from investing-16,732 Cr2,886 Cr1,596 Cr8,565 Cr-8,129 Cr-897 Cr39 Cr6,026 Cr-2,318 Cr-12,845 Cr
Cash from financing-11,026 Cr-26,885 Cr-27,897 Cr-39,915 Cr-32,634 Cr-33,581 Cr-47,878 Cr-48,536 Cr-47,438 Cr-42,133 Cr
Net cash flow-2,535 Cr1,068 Cr2,292 Cr1,019 Cr-1,788 Cr5,630 Cr-5,365 Cr1,893 Cr-674 Cr-1,925 Cr
Free cash flow (OCF − Capex)23,233 Cr23,205 Cr26,362 Cr29,639 Cr35,727 Cr36,954 Cr38,865 Cr41,664 Cr44,971 Cr48,016 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %39.8%39.8%46.4%50.9%51.0%58.4%63.2%68.7%69.0%61.5%
ROE %30.4%30.2%35.0%38.2%37.2%42.7%46.2%50.3%50.7%45.4%
Debtor days70746871677981818492
Inventory days0020000000
Days payable1515100916171517152020
Cash conversion cycle5559-93955496464666472
OCF / EBITDA %78.1%77.1%72.4%76.9%83.4%75.3%70.8%69.0%72.6%72.0%
OCF / EBITDA % (3 years)——75.6%75.4%77.8%78.4%76.0%71.5%70.8%71.2%
Debt / equity0.00310.00280.0005——————0.00
Current ratio5.534.564.173.332.912.562.532.452.322.23
Net debt / EBITDA-0.10-0.14-0.18-0.21-0.15-0.24-0.12-0.14-0.12-0.09