Tata Consultancy Services Ltd (TCS) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: 86/100 (Exceptional)

Business Quality 99/100

ROE (Return on Equity): 51.8%

ROCE (Return on Capital): 63.0%

Explain Methodology →

Financial Health 97/100

Debt to Equity: 0.11x

Solvency Runway: High (Interest Coverage > 8x)

Explain Methodology →

Growth Trajectory 35/100

Annual Revenue Growth: 6.8% YoY

Net Profit Growth: 9.2% YoY

Explain Methodology →

Profitability & Margins 99/100

Operating Margin (OPM): 27.0%

Net Profit Margin: 19.4%

Explain Methodology →

Cash Flow Quality 95/100

Free Cash Flow (FCF): Cash Accretive

CFO to EBITDA Conversion: > 75% Conversion Rate

Explain Methodology →

Valuation Attractiveness 80/100

Stock P/E Multiple: 14.0x

Price to Book (P/B): 7.0x

Explain Methodology →

Price & Trend Momentum 67/100

14-Day RSI: 51.5 (Neutral/Bullish)

DMA Alignment: Trading Above 50 & 200 DMA

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Governance & Risk 85/100

Promoter Pledge: 0.0% (Clean)

Statutory Auditor Opinion: Unqualified / Clean Pass

Explain Methodology →

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↓

-0.13%

Intraday consolidation aligning with broader sectoral price discovery.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 9.1%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 51.8%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹2,385.58

200-Day DMA ● Overlay

₹2,212.53

14-Day RSI ● Overlay

51.5 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹7.51 Lakh Cr

Large cap

Stock P/E (TTM) Valuation

14.0x

Price / EPS

Book Value (₹) Assets

₹296.0

P/B: 7.0x

ROE (%) Quality

51.8%

Net Profit / Equity

ROCE (%) Efficiency

63.0%

EBIT / Capital

Dividend Yield Yield

3.08%

Face Value: ₹10

Debt / Equity Solvency

0.11x

Manageable

EPS (TTM) Per Share

₹148.21

Trailing 12M

OPM (%) Spread

27.0%

EBITDA Margin

Free Cash Flow Cash

₹48,013 Cr

CFO - Capex

About Tata Consultancy Services Ltd

Website →

Tata Consultancy Services is a global leader in IT services, consulting, and business solutions, partnering with many of the world’s largest enterprises.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 19.4% × Turnover: 0.85x × Leverage: 1.11x = ROE: 51.8%

✓ Company Strengths (Pros)

• Company has maintained a healthy low debt-to-equity ratio of 0.11.
• Company has a stellar track record of return on equity (ROE of 51.8%).

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 7.0x its book value.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹2.76 Lakh Cr

Latest PAT

₹50,055 Cr

EPS (TTM)

₹148.21

OPM %

27.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹59,381 Cr	₹59,692 Cr	₹60,583 Cr	₹61,237 Cr	₹62,613 Cr	₹64,259 Cr	₹63,973 Cr	₹64,479 Cr	₹63,437 Cr	₹65,799 Cr	₹67,087 Cr	₹70,698 Cr	₹72,275 Cr
Operating Profit (EBITDA)	₹14,998 Cr	₹15,746 Cr	₹16,388 Cr	₹17,164 Cr	₹16,662 Cr	₹16,731 Cr	₹17,034 Cr	₹16,980 Cr	₹16,875 Cr	₹17,978 Cr	₹18,269 Cr	₹19,276 Cr	₹18,556 Cr
OPM %	25.0%	26.0%	27.0%	28.0%	27.0%	26.0%	27.0%	26.0%	27.0%	27.0%	27.0%	27.0%	26.0%
Interest Expense	₹163.00 Cr	₹159.00 Cr	₹230.00 Cr	₹226.00 Cr	₹173.00 Cr	₹162.00 Cr	₹234.00 Cr	₹227.00 Cr	₹195.00 Cr	₹229.00 Cr	₹538.00 Cr	₹265.00 Cr	₹273.00 Cr
Depreciation	₹1,243 Cr	₹1,263 Cr	₹1,233 Cr	₹1,246 Cr	₹1,220 Cr	₹1,266 Cr	₹1,377 Cr	₹1,379 Cr	₹1,361 Cr	₹1,413 Cr	₹1,380 Cr	₹1,406 Cr	₹1,239 Cr
Profit before Tax (PBT)	₹14,989 Cr	₹15,330 Cr	₹14,829 Cr	₹16,849 Cr	₹16,231 Cr	₹16,032 Cr	₹16,666 Cr	₹16,402 Cr	₹16,979 Cr	₹16,068 Cr	₹14,078 Cr	₹18,362 Cr	₹17,944 Cr
Net Profit (PAT)	₹11,120 Cr	₹11,380 Cr	₹11,097 Cr	₹12,502 Cr	₹12,105 Cr	₹11,955 Cr	₹12,444 Cr	₹12,293 Cr	₹12,819 Cr	₹12,131 Cr	₹10,720 Cr	₹13,784 Cr	₹13,420 Cr
EPS in ₹	₹30.26	₹31.00	₹30.56	₹34.37	₹33.28	₹32.92	₹34.22	₹33.79	₹35.27	₹33.37	₹29.45	₹37.92	₹36.90

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹94,648 Cr	₹1.09 Lakh Cr	₹1.18 Lakh Cr	₹1.23 Lakh Cr	₹1.46 Lakh Cr	₹1.57 Lakh Cr	₹1.64 Lakh Cr	₹1.92 Lakh Cr	₹2.25 Lakh Cr	₹2.41 Lakh Cr	₹2.55 Lakh Cr	₹2.67 Lakh Cr	₹2.76 Lakh Cr
Expenses	₹70,167 Cr	₹77,969 Cr	₹85,655 Cr	₹90,588 Cr	₹1.07 Lakh Cr	₹1.15 Lakh Cr	₹1.18 Lakh Cr	₹1.39 Lakh Cr	₹1.66 Lakh Cr	₹1.77 Lakh Cr	₹1.88 Lakh Cr	₹1.95 Lakh Cr	₹2.02 Lakh Cr
Operating Profit	₹24,482 Cr	₹30,677 Cr	₹32,311 Cr	₹32,516 Cr	₹39,506 Cr	₹42,109 Cr	₹46,546 Cr	₹53,057 Cr	₹59,259 Cr	₹64,296 Cr	₹67,407 Cr	₹72,398 Cr	₹74,079 Cr
OPM %	26%	28%	27%	26%	27%	27%	28%	28%	26%	27%	26%	27%	27%
Interest	₹104.00 Cr	₹33.00 Cr	₹32.00 Cr	₹52.00 Cr	₹198.00 Cr	₹924.00 Cr	₹637.00 Cr	₹784.00 Cr	₹779.00 Cr	₹778.00 Cr	₹796.00 Cr	₹1,227 Cr	₹1,305 Cr
Depreciation	₹1,799 Cr	₹1,888 Cr	₹1,987 Cr	₹2,014 Cr	₹2,056 Cr	₹3,529 Cr	₹4,065 Cr	₹4,604 Cr	₹5,022 Cr	₹4,985 Cr	₹5,242 Cr	₹5,560 Cr	₹5,438 Cr
Profit before Tax	₹26,298 Cr	₹31,840 Cr	₹34,513 Cr	₹34,092 Cr	₹41,563 Cr	₹42,248 Cr	₹43,760 Cr	₹51,687 Cr	₹56,907 Cr	₹61,997 Cr	₹65,331 Cr	₹65,487 Cr	₹66,452 Cr
Net Profit	₹20,060 Cr	₹24,338 Cr	₹26,357 Cr	₹25,880 Cr	₹31,562 Cr	₹32,447 Cr	₹32,562 Cr	₹38,449 Cr	₹42,303 Cr	₹46,099 Cr	₹48,797 Cr	₹49,454 Cr	₹50,055 Cr
EPS in Rs	50.68	61.58	66.71	67.46	83.87	86.19	87.67	104.75	115.19	126.88	134.20	136.01	137.64

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹196.00 Cr	₹197.00 Cr	₹197.00 Cr	₹191.00 Cr	₹375.00 Cr	₹375.00 Cr	₹370.00 Cr	₹366.00 Cr	₹366.00 Cr	₹362.00 Cr	₹362.00 Cr	₹362.00 Cr
Reserves & Surplus	₹50,439 Cr	₹70,875 Cr	₹86,017 Cr	₹84,937 Cr	₹89,071 Cr	₹83,751 Cr	₹86,063 Cr	₹88,773 Cr	₹90,058 Cr	₹90,127 Cr	₹94,394 Cr	₹1.07 Lakh Cr
Borrowings (Debt)	₹358.00 Cr	₹245.00 Cr	₹289.00 Cr	₹247.00 Cr	₹62.00 Cr	₹8,174 Cr	₹7,795 Cr	₹7,818 Cr	₹7,688 Cr	₹8,021 Cr	₹9,392 Cr	₹11,283 Cr
Total Liabilities	₹73,318 Cr	₹88,291 Cr	₹1.02 Lakh Cr	₹1.05 Lakh Cr	₹1.14 Lakh Cr	₹1.20 Lakh Cr	₹1.30 Lakh Cr	₹1.41 Lakh Cr	₹1.43 Lakh Cr	₹1.45 Lakh Cr	₹1.59 Lakh Cr	₹1.81 Lakh Cr
Fixed Assets	₹11,638 Cr	₹11,774 Cr	₹11,701 Cr	₹11,973 Cr	₹12,290 Cr	₹20,928 Cr	₹21,021 Cr	₹21,298 Cr	₹20,515 Cr	₹19,604 Cr	₹23,053 Cr	₹31,343 Cr
Total Assets	₹73,318 Cr	₹88,291 Cr	₹1.02 Lakh Cr	₹1.05 Lakh Cr	₹1.14 Lakh Cr	₹1.20 Lakh Cr	₹1.30 Lakh Cr	₹1.41 Lakh Cr	₹1.43 Lakh Cr	₹1.45 Lakh Cr	₹1.59 Lakh Cr	₹1.81 Lakh Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹19,369 Cr	₹19,109 Cr	₹25,223 Cr	₹25,067 Cr	₹28,593 Cr	₹32,369 Cr	₹38,802 Cr	₹39,949 Cr	₹41,965 Cr	₹44,338 Cr	₹48,908 Cr	₹52,094 Cr
Cash from Investing (CFI)	-₹1,807 Cr	-₹5,010 Cr	-₹16,895 Cr	₹3,104 Cr	₹1,645 Cr	₹8,968 Cr	-₹7,956 Cr	-₹738.00 Cr	₹548.00 Cr	₹6,091 Cr	-₹2,144 Cr	-₹11,886 Cr
Cash from Financing (CFF)	-₹17,168 Cr	-₹9,666 Cr	-₹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
Free Cash Flow (FCF)	₹16,426 Cr	₹17,144 Cr	₹23,270 Cr	₹23,263 Cr	₹26,461 Cr	₹29,281 Cr	₹35,663 Cr	₹36,985 Cr	₹38,902 Cr	₹41,688 Cr	₹44,994 Cr	₹48,013 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	79	81	70	74	68	71	67	80	81	81	84	93
Inventory Days	0	0	0	0	0	0	0	0	0	0	0	0
Cash Conversion Cycle (Days)	79	81	70	74	68	71	67	80	81	81	84	93
ROCE %	50%	51%	44%	39%	47%	47%	49%	54%	59%	64%	65%	63%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹2,263.57 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹2,472.10

DCF Fair Value

₹2,263.57

Graham Number

₹993.52

Margin of Safety

-31.6%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹2,263.57

Premium / Overvalued (Margin: -31.6%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹2,203	₹2,183	₹2,163	₹2,144
10%	₹2,244	₹2,223	₹2,203	₹2,183
12%	₹2,284	₹2,264	₹2,243	₹2,223
14%	₹2,325	₹2,304	₹2,283	₹2,263

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹2,264	Fairly Valued
Benjamin Graham Number	₹994	Market Priced
Historical Sector P/E	₹3,261	Discounted
EV / EBITDA Multiplier	₹2,596	In-Line
Free Cash Flow Yield Model	₹2,423	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 9/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

9 / 9 Pass

Altman Z-Score

6.31 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.11x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 27.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

71.77%

FIIs (Foreign)

9.07%

DIIs (Domestic)

13.41%

Government

0.15%

Public / Retail

5.69%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	72.30%	72.41%	71.77%	71.77%	71.77%	71.77%	71.77%	71.77%	71.77%	71.77%	71.77%	71.77%
+ FIIs (Foreign Portfolio)	12.47%	12.46%	12.70%	12.35%	12.66%	12.68%	12.04%	11.48%	10.33%	10.37%	9.66%	9.07%
+ DIIs (Mutual Funds / Insurance)	10.01%	10.03%	10.61%	11.00%	10.86%	10.86%	11.49%	11.95%	12.64%	12.81%	13.34%	13.41%
+ Public (Retail & HNIs)	5.17%	5.03%	4.86%	4.82%	4.66%	4.63%	4.63%	4.77%	5.21%	4.98%	5.16%	5.69%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Information Technology.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

TCS Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

TCS Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

TCS Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹3,164.29

Accelerated market share capture in Information Technology, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹2,768.75

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 14x P/E.

🐻 Bear Case (15%) -12.0%

₹2,175.45

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Information Technology)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:04 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Tata Consultancy Services Ltd (TCS)	Target Stock	₹2,472.10	-0.13%	14.0x	51.8%	63.0%	0.11	₹7.51 Lakh Cr
Infosys Ltd (INFY)	IT Services & Consulting	₹1,155.00	+0.08%	13.5x	31.9%	40.0%	0.10	₹4.20 Lakh Cr
HCL Technologies Ltd (HCLTECH)	Digital & Cloud Engineering	₹1,395.00	-0.85%	18.6x	23.8%	30.4%	0.07	₹3.37 Lakh Cr
Wipro Ltd (WIPRO)	IT Services & Consulting	₹197.99	-0.51%	12.1x	15.5%	17.8%	0.23	₹1.58 Lakh Cr
Tech Mahindra Ltd (TECHM)	Telecom & Enterprise IT	₹1,788.50	-0.91%	27.7x	17.5%	23.1%	0.07	₹1.47 Lakh Cr
ORACLE FIN SERV SOFT Ltd. (OFSS)	Information Technology Operations	₹10,100.00	+0.61%	26.6x	32.6%	45.3%	0.00	₹90,760 Cr
Persistent Systems Ltd (PERSISTENT)	Digital Product Engineering	₹5,973.50	-1.10%	43.7x	27.2%	34.4%	0.06	₹87,063 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:04:14 IST	✓ Live Sync
Financial Statements (10Y)	Tata Consultancy Services Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Tata Consultancy Services Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Tata Consultancy Services Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Information Technology)

Metric Explainer

Stock DNA Methodology

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