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TCSInformation Technology
Tata Consultancy Services
₹4,320.15-0.29%
P/E Ratio
31.2x
P/B Ratio
14.2x
Return on Equity (ROE)
48.6%
ROCE
62.1%
Debt / Equity
0
Dividend Yield
1.45%
Company Overview & Business Model
TCS is a global leader in IT services, consulting, and business solutions, partnering with the world's largest enterprises across banking, healthcare, retail, and manufacturing.
How it makes money:Time-and-materials & fixed-price consulting, systems integration, cloud modernization, and enterprise AI transformation delivered through a resilient global delivery model.
Business Quality Teardown
Core Business Strengths
- •Virtually zero long-term debt with industry-leading operating profit margins (>25%).
- •Exceptional capital efficiency with ROE exceeding 45% and consistent dividend payouts.
- •Deep enterprise client relationships with high recurring contract renewal rates.
Key Vulnerabilities & Risks
- •Discretionary tech spending softness during North American and European economic slowdowns.
- •Currency volatility in USD/EUR vs INR exchange rates.
- •Talent wage inflation and rapid AI disruption of entry-level coding tasks.
Things to Investigate Further
- •Total Contract Value (TCV) deal wins in Generative AI and cloud migration.
- •Client headcount and attrition stabilization trends.
Multi-Year Financial Trajectory (₹ in Crores)
| Fiscal Year | Total Revenue | Net Profit |
|---|---|---|
| FY22 | ₹1,91,754 Cr | ₹38,327 Cr |
| FY23 | ₹2,25,458 Cr | ₹42,147 Cr |
| FY24 | ₹2,40,893 Cr | ₹46,581 Cr |
| FY25E | ₹2,62,000 Cr | ₹51,200 Cr |
₹1 Micro-Product
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Source: NSE / BSE Historical Filings
Last Verified: 2026-08-29
All financial snapshots are strictly educational and for analytical self-study. We do not provide SEBI-registered portfolio advisory services.