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    Tata Consultancy Services Limited

    India's largest IT services firm, delivering software, consulting and BPO from ~200 centres worldwide.

    Information Technology
    Information Technology
    View TCS earnings calls
    ₹2,125
    -9.97% from avg

    Overview

    Price

    ₹2,125

    Market Cap

    ₹8.0L Cr

    Sector

    Information Technology

    Information Technology

    Rank

    4

    Performance

    Explore TCS

    Promise TrackerConcall Analysis

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital375370366366362362362362
    Reserves83.8k86.1k88.8k90.1k90.1k94.4k106.1k106.9k
    Borrowings8.2k7.8k7.8k7.7k8.0k9.4k10.9k11.3k
    Other Liabilities27.8k35.8k44.0k44.7k47.0k54.5k57.9k62.6k
    Total Liabilities120.1k130.0k140.9k142.9k145.5k158.6k175.2k181.2k
    AssetsFixed Assets20.9k21.0k21.3k20.5k19.6k23.1k24.1k31.3k
    CWIP9069261.2k1.2k1.6k1.5k2.2k2.7k
    Investments26.4k29.4k30.5k37.2k31.8k31.0k39.1k34.0k
    Other Assets71.9k78.7k87.9k83.9k92.5k103.1k109.8k113.2k
    Total Assets120.1k130.0k140.9k142.9k145.5k158.6k175.2k181.2k

    Valuation

    Assumptions

    Current — TCS
    Price
    ₹2,125
    EPS (TTM)
    ₹137.64
    PE (TTM)
    15.4
    Profit growth
    5.3%
    ₹

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (27.7×) and current (15.4×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹2,125
    vs
    Fair value · 15% return
    ₹1,125
    47%Overvalued

    At 5.3% growth and a 15× exit, ₹2125 only delivers your return if you pay ₹1,125. The price is currently baking in 18% growth.

    EPS grows 5.3%/yr for 5 years, then fades to 6% over 2, exits at 15×.

    YearGrowthEPS (₹)
    FY275.3%144.93
    FY285.3%152.62
    FY295.3%160.71
    FY305.3%169.22
    FY315.3%178.19
    FY325.6% ·fade188.26
    FY336.0% ·fade199.55

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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