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Earnings transcript
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TCS.
TCS.NS
Tata Consultancy Services Limited
$2530
23.1
(0.92%)
| Exchange: | NSE |
| Market Cap: | 9.154T |
| Shares Outstanding: | 3.74B |
Delayed data
About The Company
| Sector: | TechnologyView sector performance | |||||
| Industry: | Information Technology ServicesView industry performance | |||||
| CEO: | K. Krithivasan | |||||
| Full Time Employees: | 584519 | |||||
| Address: |
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| Website: | https://www.tcs.com |
Tata Consultancy Services Limited (TCS) is a worldwide leader in delivering information technology and IT-enabled services. Its extensive operations are structured into distinct business segments, encompassing Banking, Financial Services and Insurance; Manufacturing; Retail and Consumer Business; Communication, Media and Technology; Life Sciences and Healthcare; alongside other divisions. The company provides a rich array of proprietary platforms and software solutions. Notable examples include CHROMA for talent management, ignio for cognitive automation, TCS iON as an assessment platform, TAP for procurement, and TCS MasterCraft for streamlining IT processes. Further innovations feature Quartz, a blockchain solution; TCS OmniStore, a commerce platform; and offerings like customer intelligence and insight tools, the Intelligent Urban Exchange for smart cities, OPTUMERA for merchandise optimization, and TwinX, an AI-powered system designed to aid business leaders in optimizing enterprise decisions. TCS also offers its comprehensive financial platform, TCS BaNCS, and Jile, an agile DevOps platform, in addition to drug development and connected intelligent platforms, cloud-based ERP solutions, and HOBS for managing subscription-based digital businesses. Beyond these products, TCS delivers a broad spectrum of services. These comprise cognitive business, consulting, analytics and insights, automation and artificial intelligence, Internet of Things (IoT), cloud computing, blockchain implementation, cybersecurity, interactive and digital engineering, quality engineering, sustainability services, and enterprise application services. Its clientele spans a diverse global landscape, serving sectors such as banking, capital markets, insurance, public services, consumer goods and distribution, education, life sciences and healthcare, manufacturing, retail, high-tech, travel, transportation, hospitality, communications, media, technology, and the energy, resource, and utility industries. Founded in 1968 and headquartered in Mumbai, India, Tata Consultancy Services Limited is a subsidiary of Tata Sons Private Limited.
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Revenue Segmentation
TCS.NS full analysis
Hey everyone, welcome back to MarketSnap. It's easy to look at Tata Consultancy Services and see nothing but stability—a cash machine, a dividend payer, the crown jewel of Indian IT. But here's the thing: the stock is down over twenty percent in the last year, and over the last five years, it's actually lost more than a third of its value. So today, we're stress-testing TCS with MarketSnap's valuation model—not the brand loyalty, not the nostalgia, just the math. Let's…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
 TCS.NS | Tata Consultancy Services Limited | 9.15T | 17.3 | 1,702 | 39.9% |
 IBM | International Business Machines Corpor… | 235.4B | 20.3 | 20.2 | 10.4% |
 ACN | Accenture plc | 149.2B | 16.8 | 17.6 | 16.8% |
 INFY | Infosys Limited | 51.3B | 15.7 | 16.6 | 26.7% |
 CTSH | Cognizant Technology Solutions Corpora… | 31.5B | 14.2 | 12.2 | 12.3% |
 FISV | Fiserv, Inc. | 26.1B | 9.1 | 6.8 | 6.5% |
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 2,408,930,000 | 2,553,240,000 | 2,670,210,000 |
| Gross Profit | 1,080,220,000 | 1,096,410,000 | 825,670,000 |
| EBITDA | 677,300,000 | 713,690,000 | 722,650,000 |
| Operating Income | 594,250,000 | 622,930,000 | 668,380,000 |
| Net Income | 459,080,000 | 485,530,000 | 492,100,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 1,464,490,000 | 1,596,290,000 | 1,823,720,000 |
| Total Liabilities | 551,300,000 | 638,580,000 | 737,680,000 |
| Total Stockholders Equity | 904,890,000 | 947,560,000 | 1,073,660,000 |
| Total Debt | 80,210,000 | 93,920,000 | 112,830,000 |
| Cash and Cash Equivalents | 90,160,000 | 83,420,000 | 70,260,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 443,380,000 | 489,080,000 | 542,850,000 |
| Capital Expenditure | -26,740,000 | -39,370,000 | -37,790,000 |
| Free Cash Flow | 416,640,000 | 449,710,000 | 505,060,000 |
| Net Income | 460,990,000 | 487,970,000 | 492,100,000 |
| Net Change in Cash | 18,930,000 | -6,740,000 | -22,220,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 3,438,634,911.687 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 3,693,678,959.919 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 3,546,740,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 959,612,987.431 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 1,047,280,628.566 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 996,772,539.586 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 669,584,539.217 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 734,761,389.403 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 697,210,953.392 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 271,254,166.666 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 291,373,127.400 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 279,781,956.442 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 192.700 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 203.080 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 185.060 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 18 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 15 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust free cash flow generation supported by consistent net cash from operating activities and controlled capital expenditures per Cash Flow Statements.
- High return metrics including ROE TTM and ROIC TTM combined with strong gross and net profit margins from Key Metrics.
- Stable dividend yield TTM and retained earnings growth on Balance Sheet indicating disciplined capital allocation.
- Diversified revenue across product segments and geographic regions per Revenue Product Segments and Revenue Geo Segments.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates TCS.NS intrinsic value between $24.24 – $29.19 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about TCS.NS valuation
Is Tata Consultancy Services Limited (TCS.NS) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Tata Consultancy Services Limited (TCS.NS) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is TCS.NS a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether TCS.NS trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is TCS.NS’s P/E ratio?
You can see TCS.NS’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for TCS.NS?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is TCS.NS a good long-term investment?
Whether TCS.NS fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
TCS.NS
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Daily snapshot
0.92
Trading Metrics:
| Open: | 2568 | Previous Close: | 2506.9 | |
| Day Low: | 2517.2 | Day High: | 2625 | |
| Year Low: | 1976.8 | Year High: | 3350 | |
| Price Avg 50: | 2235.22 | Price Avg 200: | 2408.77 | |
| Volume: | 6.943M | Average Volume: | 4.222M |
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