Tata Consultancy Services Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: February 11, 2026, 8:39 pm

Market Cap	10,52,915 Cr.
Current Price	2,910
Intrinsic Value	₹2,732.64
High / Low	4,022/2,867
Stock P/E	20.6
Book Value	294
Dividend Yield	2.06 %
ROCE	64.6 %
ROE	52.4 %
Face Value	1.00
PEG Ratio	3.77

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Tata Consultancy Services Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
IDream Film Infrastructure Company Ltd	4.50 Cr.	300	332/114		302	0.00 %	%	%	10.0
I Power Solutions India Ltd	13.8 Cr.	23.4	23.4/15.9		11.0	0.00 %	11.6 %	16.9 %	10.0
Hypersoft Technologies Ltd	125 Cr.	76.8	101/19.4	61.2	9.97	0.00 %	20.6 %	9.07 %	10.0
Euphoria Infotech (India) Ltd	10.9 Cr.	37.4	64.9/32.4	7.34	58.7	0.00 %	16.2 %	11.5 %	10.0
AccelerateBS India Ltd	51.7 Cr.	150	153/67.0	35.2	15.0	0.67 %	22.2 %	17.6 %	10.0
Industry Average	111,197.75 Cr	782.63		44.54	156.22	0.81%	20.61%	18.63%	7.00

All Competitor Stocks of Tata Consultancy Services Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	58,229	59,162	59,381	59,692	60,583	61,237	62,613	64,259	63,973	64,479	63,437	65,799	67,087
Expenses	42,676	43,388	44,383	43,946	44,195	44,073	45,951	47,528	46,939	47,499	46,562	47,821	48,818
Operating Profit	15,553	15,774	14,998	15,746	16,388	17,164	16,662	16,731	17,034	16,980	16,875	17,978	18,269
OPM %	27%	27%	25%	26%	27%	28%	27%	26%	27%	26%	27%	27%	27%
Other Income	520	1,175	1,397	1,006	-96	1,157	962	729	1,243	1,028	1,660	-268	-2,273
Interest	160	272	163	159	230	226	173	162	234	227	195	229	538
Depreciation	1,269	1,286	1,243	1,263	1,233	1,246	1,220	1,266	1,377	1,379	1,361	1,413	1,380
Profit before tax	14,644	15,391	14,989	15,330	14,829	16,849	16,231	16,032	16,666	16,402	16,979	16,068	14,078
Tax %	26%	26%	26%	26%	25%	26%	25%	25%	25%	25%	24%	24%	24%
Net Profit	10,883	11,436	11,120	11,380	11,097	12,502	12,105	11,955	12,444	12,293	12,819	12,131	10,720
EPS in Rs	29.64	31.13	30.26	31.00	30.56	34.37	33.28	32.92	34.22	33.79	35.27	33.37	29.45

Last Updated: February 6, 2026, 12:16 am

Below is a detailed analysis of the quarterly data for Tata Consultancy Services Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Sales, as of Dec 2025, the value is 67,087.00 Cr.. The value appears strong and on an upward trend. It has increased from 65,799.00 Cr. (Sep 2025) to 67,087.00 Cr., marking an increase of 1,288.00 Cr..
For Expenses, as of Dec 2025, the value is 48,818.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 47,821.00 Cr. (Sep 2025) to 48,818.00 Cr., marking an increase of 997.00 Cr..
For Operating Profit, as of Dec 2025, the value is 18,269.00 Cr.. The value appears strong and on an upward trend. It has increased from 17,978.00 Cr. (Sep 2025) to 18,269.00 Cr., marking an increase of 291.00 Cr..
For OPM %, as of Dec 2025, the value is 27.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 27.00%.
For Other Income, as of Dec 2025, the value is -2,273.00 Cr.. The value appears to be declining and may need further review. It has decreased from -268.00 Cr. (Sep 2025) to -2,273.00 Cr., marking a decrease of 2,005.00 Cr..
For Interest, as of Dec 2025, the value is 538.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 229.00 Cr. (Sep 2025) to 538.00 Cr., marking an increase of 309.00 Cr..
For Depreciation, as of Dec 2025, the value is 1,380.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,413.00 Cr. (Sep 2025) to 1,380.00 Cr., marking a decrease of 33.00 Cr..
For Profit before tax, as of Dec 2025, the value is 14,078.00 Cr.. The value appears to be declining and may need further review. It has decreased from 16,068.00 Cr. (Sep 2025) to 14,078.00 Cr., marking a decrease of 1,990.00 Cr..
For Tax %, as of Dec 2025, the value is 24.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 24.00%.
For Net Profit, as of Dec 2025, the value is 10,720.00 Cr.. The value appears to be declining and may need further review. It has decreased from 12,131.00 Cr. (Sep 2025) to 10,720.00 Cr., marking a decrease of 1,411.00 Cr..
For EPS in Rs, as of Dec 2025, the value is 29.45. The value appears to be declining and may need further review. It has decreased from 33.37 (Sep 2025) to 29.45, marking a decrease of 3.92.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 15, 2025, 5:21 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	81,809	94,648	108,646	117,966	123,104	146,463	156,949	164,177	191,754	225,458	240,893	255,324	257,688
Expenses	56,657	70,167	77,969	85,655	90,588	106,957	114,840	117,631	138,697	166,199	176,597	187,917	188,821
Operating Profit	25,153	24,482	30,677	32,311	32,516	39,506	42,109	46,546	53,057	59,259	64,296	67,407	68,867
OPM %	31%	26%	28%	27%	26%	27%	27%	28%	28%	26%	27%	26%	27%
Other Income	1,637	3,720	3,084	4,221	3,642	4,311	4,592	1,916	4,018	3,449	3,464	3,962	3,663
Interest	39	104	33	32	52	198	924	637	784	779	778	796	885
Depreciation	1,349	1,799	1,888	1,987	2,014	2,056	3,529	4,065	4,604	5,022	4,985	5,242	5,530
Profit before tax	25,402	26,298	31,840	34,513	34,092	41,563	42,248	43,760	51,687	56,907	61,997	65,331	66,115
Tax %	24%	24%	24%	24%	24%	24%	23%	26%	26%	26%	26%	25%
Net Profit	19,332	20,060	24,338	26,357	25,880	31,562	32,447	32,562	38,449	42,303	46,099	48,797	49,687
EPS in Rs	48.92	50.68	61.58	66.71	67.46	83.87	86.19	87.67	104.75	115.19	126.88	134.20	136.65
Dividend Payout %	33%	78%	35%	35%	37%	36%	85%	43%	41%	100%	58%	94%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	3.77%	21.33%	8.30%	-1.81%	21.96%	2.80%	0.35%	18.08%	10.02%	8.97%	5.85%
Change in YoY Net Profit Growth (%)	0.00%	17.56%	-13.03%	-10.11%	23.76%	-19.15%	-2.45%	17.72%	-8.06%	-1.05%	-3.12%

Tata Consultancy Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	10%
5 Years:	10%
3 Years:	10%
TTM:	5%

Compounded Profit Growth
10 Years:	10%
5 Years:	8%
3 Years:	8%
TTM:	4%

Stock Price CAGR
10 Years:	9%
5 Years:	6%
3 Years:	0%
1 Year:	-31%

Return on Equity
10 Years:	41%
5 Years:	47%
3 Years:	50%
Last Year:	52%

Last Updated: September 5, 2025, 4:05 am

Balance Sheet

Last Updated: October 10, 2025, 2:01 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	196	196	197	197	191	375	375	370	366	366	362	362	362
Reserves	48,999	50,439	70,875	86,017	84,937	89,071	83,751	86,063	88,773	90,058	90,127	94,394	106,053
Borrowings	297	358	245	289	247	62	8,174	7,795	7,818	7,688	8,021	9,392	10,932
Other Liabilities	17,337	22,325	16,974	15,830	19,751	24,393	27,827	35,764	43,967	44,747	46,962	54,501	57,872
Total Liabilities	66,829	73,318	88,291	102,333	105,126	113,901	120,127	129,992	140,924	142,859	145,472	158,649	175,219
Fixed Assets	9,544	11,638	11,774	11,701	11,973	12,290	20,928	21,021	21,298	20,515	19,604	23,053	24,149
CWIP	3,168	2,766	1,670	1,541	1,278	963	906	926	1,205	1,234	1,564	1,546	2,221
Investments	3,434	1,662	22,822	41,980	36,008	29,330	26,356	29,373	30,485	37,163	31,762	30,964	39,062
Other Assets	50,682	57,252	52,025	47,111	55,867	71,318	71,937	78,672	87,936	83,947	92,542	103,086	109,787
Total Assets	66,829	73,318	88,291	102,333	105,126	113,901	120,127	129,992	140,924	142,859	145,472	158,649	175,219

Below is a detailed analysis of the balance sheet data for Tata Consultancy Services Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 362.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 362.00 Cr..
For Reserves, as of Sep 2025, the value is 106,053.00 Cr.. The value appears strong and on an upward trend. It has increased from 94,394.00 Cr. (Mar 2025) to 106,053.00 Cr., marking an increase of 11,659.00 Cr..
For Borrowings, as of Sep 2025, the value is 10,932.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 9,392.00 Cr. (Mar 2025) to 10,932.00 Cr., marking an increase of 1,540.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 57,872.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 54,501.00 Cr. (Mar 2025) to 57,872.00 Cr., marking an increase of 3,371.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 175,219.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 158,649.00 Cr. (Mar 2025) to 175,219.00 Cr., marking an increase of 16,570.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 24,149.00 Cr.. The value appears strong and on an upward trend. It has increased from 23,053.00 Cr. (Mar 2025) to 24,149.00 Cr., marking an increase of 1,096.00 Cr..
For CWIP, as of Sep 2025, the value is 2,221.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,546.00 Cr. (Mar 2025) to 2,221.00 Cr., marking an increase of 675.00 Cr..
For Investments, as of Sep 2025, the value is 39,062.00 Cr.. The value appears strong and on an upward trend. It has increased from 30,964.00 Cr. (Mar 2025) to 39,062.00 Cr., marking an increase of 8,098.00 Cr..
For Other Assets, as of Sep 2025, the value is 109,787.00 Cr.. The value appears strong and on an upward trend. It has increased from 103,086.00 Cr. (Mar 2025) to 109,787.00 Cr., marking an increase of 6,701.00 Cr..
For Total Assets, as of Sep 2025, the value is 175,219.00 Cr.. The value appears strong and on an upward trend. It has increased from 158,649.00 Cr. (Mar 2025) to 175,219.00 Cr., marking an increase of 16,570.00 Cr..

Notably, the Reserves (106,053.00 Cr.) exceed the Borrowings (10,932.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	14,751	19,369	19,109	25,223	25,067	28,593	32,369	38,802	39,949	41,965	44,338	48,908
Cash from Investing Activity +	-9,452	-1,807	-5,010	-16,895	3,104	1,645	8,968	-7,956	-738	548	6,091	-2,144
Cash from Financing Activity +	-5,673	-17,168	-9,666	-11,026	-26,885	-27,897	-39,915	-32,634	-33,581	-47,878	-48,536	-47,438
Net Cash Flow	-374	394	4,433	-2,698	1,286	2,341	1,422	-1,788	5,630	-5,365	1,893	-674

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-272.00	-334.00	-215.00	-257.00	-215.00	-23.00	34.00	39.00	46.00	52.00	56.00	58.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	81	79	81	70	74	68	71	67	80	81	81	84
Inventory Days
Days Payable
Cash Conversion Cycle	81	79	81	70	74	68	71	67	80	81	81	84
Working Capital Days	52	33	62	62	61	70	64	59	33	30	34	34
ROCE %	56%	50%	51%	44%	39%	47%	47%	49%	54%	59%	64%	65%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	72.30%	72.30%	72.30%	72.30%	72.41%	71.77%	71.77%	71.77%	71.77%	71.77%	71.77%	71.77%
FIIs	12.94%	12.72%	12.46%	12.47%	12.46%	12.70%	12.35%	12.66%	12.68%	12.04%	11.48%	10.33%
DIIs	9.25%	9.58%	9.80%	10.01%	10.03%	10.61%	11.00%	10.86%	10.86%	11.49%	11.95%	12.64%
Government	0.05%	0.05%	0.05%	0.05%	0.05%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%
Public	5.45%	5.36%	5.38%	5.17%	5.03%	4.86%	4.82%	4.66%	4.63%	4.63%	4.77%	5.21%
No. of Shareholders	25,56,970	24,99,384	25,02,835	23,67,003	23,36,016	22,03,209	21,81,391	20,93,962	20,75,117	21,15,093	21,64,289	23,88,232

Shareholding Pattern Chart

No. of Shareholders

Tata Consultancy Services Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
ICICI Prudential Value Fund	8,815,008	4.61	2826.27	N/A	N/A	N/A
Nippon India Large Cap Fund	4,700,000	2.96	1506.91	4,000,000	2026-01-26 01:36:43	17.5%
Parag Parikh Flexi Cap Fund	4,654,589	1.12	1492.35	2,811,139	2026-01-26 05:58:29	65.58%
Mirae Asset Large Cap Fund	4,612,393	3.54	1478.83	N/A	N/A	N/A
HDFC Balanced Advantage Fund	4,587,972	1.36	1471	N/A	N/A	N/A
Tata Digital India Fund	4,514,144	11.81	1447.32	4,314,144	2026-01-26 05:58:29	4.64%
ICICI Prudential Multi Asset Fund	4,352,098	1.78	1395.37	4,264,348	2026-01-26 05:58:29	2.06%
SBI Equity Hybrid Fund	4,000,000	1.55	1282.48	N/A	N/A	N/A
Mirae Asset Large & Midcap Fund	3,545,373	2.6	1136.72	3,270,298	2026-01-26 05:58:29	8.41%
ICICI Prudential Balanced Advantage Fund	3,231,652	1.47	1036.13	3,521,627	2026-01-26 05:58:29	-8.23%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	134.19	125.88	115.19	103.62	86.71
Diluted EPS (Rs.)	134.19	125.88	115.19	103.62	86.71
Cash EPS (Rs.)	149.28	141.12	129.30	117.63	98.99
Book Value[Excl.RevalReserv]/Share (Rs.)	261.76	252.26	249.20	245.48	235.43
Book Value[Incl.RevalReserv]/Share (Rs.)	261.76	252.26	249.20	245.48	235.43
Revenue From Operations / Share (Rs.)	705.31	665.45	616.01	523.92	443.72
PBDIT / Share (Rs.)	197.15	189.83	171.33	155.94	134.27
PBIT / Share (Rs.)	182.67	176.06	157.61	143.36	123.28
PBT / Share (Rs.)	180.47	171.26	155.48	141.22	118.27
Net Profit / Share (Rs.)	134.80	127.35	115.58	105.05	88.01
NP After MI And SOA / Share (Rs.)	134.12	126.82	115.16	104.72	87.65
PBDIT Margin (%)	27.95	28.52	27.81	29.76	30.26
PBIT Margin (%)	25.89	26.45	25.58	27.36	27.78
PBT Margin (%)	25.58	25.73	25.24	26.95	26.65
Net Profit Margin (%)	19.11	19.13	18.76	20.05	19.83
NP After MI And SOA Margin (%)	19.01	19.05	18.69	19.98	19.75
Return on Networth / Equity (%)	51.24	50.73	46.61	42.99	37.52
Return on Capital Employeed (%)	62.01	63.51	57.63	52.91	47.21
Return On Assets (%)	30.41	31.34	29.33	27.08	24.80
Asset Turnover Ratio (%)	1.67	1.66	1.58	1.41	1.18
Current Ratio (X)	2.32	2.45	2.53	2.56	2.91
Quick Ratio (X)	2.32	2.45	2.53	2.56	2.91
Inventory Turnover Ratio (X)	10421.39	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	92.40	54.75	98.10	34.74	33.45
Dividend Payout Ratio (CP) (%)	83.39	49.39	87.65	31.01	29.73
Earning Retention Ratio (%)	7.60	45.25	1.90	65.26	66.55
Cash Earning Retention Ratio (%)	16.61	50.61	12.35	68.99	70.27
Interest Coverage Ratio (X)	89.66	88.33	80.50	72.80	77.99
Interest Coverage Ratio (Post Tax) (X)	62.30	61.48	55.30	50.04	54.03
Enterprise Value (Cr.)	1290362.90	1393389.10	1163072.80	1350886.80	1167058.00
EV / Net Operating Revenue (X)	5.05	5.78	5.16	7.04	7.11
EV / EBITDA (X)	18.08	20.28	18.55	23.67	23.49
MarketCap / Net Operating Revenue (X)	5.11	5.84	5.20	7.14	7.16
Retention Ratios (%)	7.59	45.24	1.89	65.25	66.54
Price / BV (X)	13.77	15.54	12.98	15.35	13.60
Price / Net Operating Revenue (X)	5.11	5.84	5.20	7.14	7.16
EarningsYield	0.03	0.03	0.03	0.02	0.02

After reviewing the key financial ratios for Tata Consultancy Services Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 25, the value is 134.19. This value is within the healthy range. It has increased from 125.88 (Mar 24) to 134.19, marking an increase of 8.31.
For Diluted EPS (Rs.), as of Mar 25, the value is 134.19. This value is within the healthy range. It has increased from 125.88 (Mar 24) to 134.19, marking an increase of 8.31.
For Cash EPS (Rs.), as of Mar 25, the value is 149.28. This value is within the healthy range. It has increased from 141.12 (Mar 24) to 149.28, marking an increase of 8.16.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 261.76. It has increased from 252.26 (Mar 24) to 261.76, marking an increase of 9.50.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 261.76. It has increased from 252.26 (Mar 24) to 261.76, marking an increase of 9.50.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 705.31. It has increased from 665.45 (Mar 24) to 705.31, marking an increase of 39.86.
For PBDIT / Share (Rs.), as of Mar 25, the value is 197.15. This value is within the healthy range. It has increased from 189.83 (Mar 24) to 197.15, marking an increase of 7.32.
For PBIT / Share (Rs.), as of Mar 25, the value is 182.67. This value is within the healthy range. It has increased from 176.06 (Mar 24) to 182.67, marking an increase of 6.61.
For PBT / Share (Rs.), as of Mar 25, the value is 180.47. This value is within the healthy range. It has increased from 171.26 (Mar 24) to 180.47, marking an increase of 9.21.
For Net Profit / Share (Rs.), as of Mar 25, the value is 134.80. This value is within the healthy range. It has increased from 127.35 (Mar 24) to 134.80, marking an increase of 7.45.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 134.12. This value is within the healthy range. It has increased from 126.82 (Mar 24) to 134.12, marking an increase of 7.30.
For PBDIT Margin (%), as of Mar 25, the value is 27.95. This value is within the healthy range. It has decreased from 28.52 (Mar 24) to 27.95, marking a decrease of 0.57.
For PBIT Margin (%), as of Mar 25, the value is 25.89. This value exceeds the healthy maximum of 20. It has decreased from 26.45 (Mar 24) to 25.89, marking a decrease of 0.56.
For PBT Margin (%), as of Mar 25, the value is 25.58. This value is within the healthy range. It has decreased from 25.73 (Mar 24) to 25.58, marking a decrease of 0.15.
For Net Profit Margin (%), as of Mar 25, the value is 19.11. This value exceeds the healthy maximum of 10. It has decreased from 19.13 (Mar 24) to 19.11, marking a decrease of 0.02.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 19.01. This value is within the healthy range. It has decreased from 19.05 (Mar 24) to 19.01, marking a decrease of 0.04.
For Return on Networth / Equity (%), as of Mar 25, the value is 51.24. This value is within the healthy range. It has increased from 50.73 (Mar 24) to 51.24, marking an increase of 0.51.
For Return on Capital Employeed (%), as of Mar 25, the value is 62.01. This value is within the healthy range. It has decreased from 63.51 (Mar 24) to 62.01, marking a decrease of 1.50.
For Return On Assets (%), as of Mar 25, the value is 30.41. This value is within the healthy range. It has decreased from 31.34 (Mar 24) to 30.41, marking a decrease of 0.93.
For Asset Turnover Ratio (%), as of Mar 25, the value is 1.67. It has increased from 1.66 (Mar 24) to 1.67, marking an increase of 0.01.
For Current Ratio (X), as of Mar 25, the value is 2.32. This value is within the healthy range. It has decreased from 2.45 (Mar 24) to 2.32, marking a decrease of 0.13.
For Quick Ratio (X), as of Mar 25, the value is 2.32. This value exceeds the healthy maximum of 2. It has decreased from 2.45 (Mar 24) to 2.32, marking a decrease of 0.13.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 10,421.39. This value exceeds the healthy maximum of 8. It has increased from 0.00 (Mar 24) to 10,421.39, marking an increase of 10,421.39.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 92.40. This value exceeds the healthy maximum of 50. It has increased from 54.75 (Mar 24) to 92.40, marking an increase of 37.65.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 83.39. This value exceeds the healthy maximum of 50. It has increased from 49.39 (Mar 24) to 83.39, marking an increase of 34.00.
For Earning Retention Ratio (%), as of Mar 25, the value is 7.60. This value is below the healthy minimum of 40. It has decreased from 45.25 (Mar 24) to 7.60, marking a decrease of 37.65.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 16.61. This value is below the healthy minimum of 40. It has decreased from 50.61 (Mar 24) to 16.61, marking a decrease of 34.00.
For Interest Coverage Ratio (X), as of Mar 25, the value is 89.66. This value is within the healthy range. It has increased from 88.33 (Mar 24) to 89.66, marking an increase of 1.33.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 62.30. This value is within the healthy range. It has increased from 61.48 (Mar 24) to 62.30, marking an increase of 0.82.
For Enterprise Value (Cr.), as of Mar 25, the value is 1,290,362.90. It has decreased from 1,393,389.10 (Mar 24) to 1,290,362.90, marking a decrease of 103,026.20.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 5.05. This value exceeds the healthy maximum of 3. It has decreased from 5.78 (Mar 24) to 5.05, marking a decrease of 0.73.
For EV / EBITDA (X), as of Mar 25, the value is 18.08. This value exceeds the healthy maximum of 15. It has decreased from 20.28 (Mar 24) to 18.08, marking a decrease of 2.20.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 5.11. This value exceeds the healthy maximum of 3. It has decreased from 5.84 (Mar 24) to 5.11, marking a decrease of 0.73.
For Retention Ratios (%), as of Mar 25, the value is 7.59. This value is below the healthy minimum of 30. It has decreased from 45.24 (Mar 24) to 7.59, marking a decrease of 37.65.
For Price / BV (X), as of Mar 25, the value is 13.77. This value exceeds the healthy maximum of 3. It has decreased from 15.54 (Mar 24) to 13.77, marking a decrease of 1.77.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 5.11. This value exceeds the healthy maximum of 3. It has decreased from 5.84 (Mar 24) to 5.11, marking a decrease of 0.73.
For EarningsYield, as of Mar 25, the value is 0.03. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Tata Consultancy Services Ltd as of February 11, 2026 is: ₹2,591.14

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 11, 2026, Tata Consultancy Services Ltd is Overvalued by 10.96% compared to the current share price ₹2,910.00

Intrinsic Value of Tata Consultancy Services Ltd as of February 11, 2026 is: ₹2,732.64

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 11, 2026, Tata Consultancy Services Ltd is Overvalued by 6.09% compared to the current share price ₹2,910.00

Last 5 Year EPS CAGR: 5.46%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 52.08%, which is a positive sign. The company has higher reserves (82,273.62 cr) compared to borrowings (4,716.77 cr), indicating strong financial stability. The company has shown consistent growth in sales (165.92 cr) and profit (44.23 cr) over the years.	The stock has a high average Working Capital Days of 49.50, which may not be favorable. The stock has a high average Cash Conversion Cycle of 76.42, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Tata Consultancy Services Ltd:
1. Net Profit Margin: 19.11%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 62.01% (Industry Average ROCE: 20.61%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 51.24% (Industry Average ROE: 18.63%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 62.3
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.32
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 20.6 (Industry average Stock P/E: 44.54)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Tata Consultancy Services Ltd. is a Public Limited Listed company incorporated on 19/01/1995 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L22210MH1995PLC084781 and registration number is 084781. Currently Company is involved in the business activities of Computer programming activities. Company's Total Operating Revenue is Rs. 214853.00 Cr. and Equity Capital is Rs. 362.00 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
IT Consulting & Software	9th Floor, Nirmal Building, Mumbai Maharashtra 400021	Contact not found

Management
Name	Position Held
Mr. N Chandrasekaran	Chairman
Mr. K Krithivasan	Managing Director & CEO
Ms. Aarthi Subramanian	Non Ind.& Exe.Director
Dr. Pradeep Kumar Khosla	Ind. Non-Executive Director
Ms. Hanne Sorensen	Ind. Non-Executive Director
Mr. Keki M Mistry	Ind. Non-Executive Director
Mr. Al-Noor Ramji	Ind. Non-Executive Director
Mr. Sanjay V Bhandarkar	Ind. Non-Executive Director

FAQ

What is the intrinsic value of Tata Consultancy Services Ltd?

Tata Consultancy Services Ltd's intrinsic value (as of 11 February 2026) is ₹2732.64 which is 6.09% lower the current market price of ₹2,910.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹10,52,915 Cr. market cap, FY2025-2026 high/low of ₹4,022/2,867, reserves of ₹106,053 Cr, and liabilities of ₹175,219 Cr.

What is the Market Cap of Tata Consultancy Services Ltd?

The Market Cap of Tata Consultancy Services Ltd is 10,52,915 Cr..

What is the current Stock Price of Tata Consultancy Services Ltd as on 11 February 2026?

The current stock price of Tata Consultancy Services Ltd as on 11 February 2026 is ₹2,910.

What is the High / Low of Tata Consultancy Services Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Tata Consultancy Services Ltd stocks is ₹4,022/2,867.

What is the Stock P/E of Tata Consultancy Services Ltd?

The Stock P/E of Tata Consultancy Services Ltd is 20.6.

What is the Book Value of Tata Consultancy Services Ltd?

The Book Value of Tata Consultancy Services Ltd is 294.

What is the Dividend Yield of Tata Consultancy Services Ltd?

The Dividend Yield of Tata Consultancy Services Ltd is 2.06 %.

What is the ROCE of Tata Consultancy Services Ltd?

The ROCE of Tata Consultancy Services Ltd is 64.6 %.

What is the ROE of Tata Consultancy Services Ltd?

The ROE of Tata Consultancy Services Ltd is 52.4 %.

What is the Face Value of Tata Consultancy Services Ltd?

The Face Value of Tata Consultancy Services Ltd is 1.00.