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Profile & Fundamentals

Tata Consultancy Services Profile & Fundamentals

Name: Tata Consultancy Services financial chart data preview
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Company and Market Context

Company Profile & Ownership

Tata Consultancy Services Limited provides information technology (IT) and IT enabled services. It offers TCS ADD, a suite of AI powered life sciences platforms; TCS BaNCS, a financial services platform; TCS BFSI Platforms, a cloud-native, subscription-based as-a-service digital ecosystem for insurers and financial firms; TCS Chroma, a cloud-based AI-led hire-to-retire modular platform; TCS Customer Intelligence & Insights, an AI-powered, real-time customer data analytics solution; TCS ERP on Cloud, SAP transformation with AI-powered smart solutions; ignio, a cognitive automation software product; TCS iON, a learning ecosystem; and TCS HOBS, a cloud-native, catalog-centric platform with composable architecture and insights-led personalization capabilities. It also offers TCS Intelligent Urban Exchange for enterprises and smart cities; TCS OmniStore, a retail commerce platform; TCS Optumera, a strategic intelligence platform; TCS Tap, a platform for intelligent procurement; Quartz, a distributed ledger technology; TCS TwinX, a risk-free experimentation platform; TCS MasterCraft, an AI-driven cognitive automation product; Jile, an enterprise agile planning and delivery tool; TCS DigiBOLT, an end-to-end, organization-wide enterprise platform; and TCS AI WisdomNext, an enterprise grade GenAI platform. In addition, the company provides AI, data and analytics, cloud, cognitive business, consulting, cybersecurity, enterprise solutions, industrial autonomy and engineering, network solutions and services, TCS interactive, and sustainability services. It serves banking; capital markets; consumer packaged goods and distribution; communications, media, and information services; education; energy, resources, and utilities; healthcare; high tech; insurance; life sciences; manufacturing; public services; retail; and travel and logistics industries. The company was founded in 1968 and is based in Mumbai, India. The company operates as a subsidiary of Tata Sons Private Limited.

Company profile record

Tata Consultancy Services Limited

Common Stock · Information Technology · IT Consulting & Other Services

Official website

Company

Company / asset: Tata Consultancy Services Limited
Security type: Common Stock
Sector: Information Technology
Industry: IT Consulting & Other Services
HQ: 🇮🇳 India
Head office: TCS House, Mumbai, India, 400 001

Leadership & scale

Chief executive: Mr. K. Krithivasan B.E, M.Tech.
CEO year born: 1964
Full-time employees: 584.5K
Fiscal year end: March
IPO date: 2004-08-25

Fundamentals snapshot

Updated 2026-09-09

Market Cap: INR 7.62T
P/E: 15.3x
Revenue (Q2 26): INR 722.8B
Profit (Q2 26): INR 133.5B
Dividend Yield: 1.6%
Revenue (FY 26): INR 2.67T
Shares in public float: 1B
Insider ownership: 71.79%

Reporting & identifiers

Symbol: TCS.NSE
Listing: 🇮🇳 India | Dividend Tax: 20%
Ticker Currency: INR
Income Statement Currency: INR
Balance Sheet Currency: INR
Cash Flow Currency: INR
EPS Currency: INR
Contract Type: SPOT
ISIN: INE467B01029
Asset ID: equity_ba78192b-6157-57ba-9a89-664f6ad5d2a4

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The financial reports show a clear split between slowing sales growth and highly resilient cash generation. Sales growth has cooled down to around 4.5% as big corporate clients pause their spending due to high interest rates and inflation. However, the company still generates a massive amount of free cash flow, bringing in over five billion dollars annually. The assessments agree that the traditional model of charging by the hour is under pressure from artificial intelligence, which can write code much faster and cheaper. However, they disagree on the future outlook: some believe this shift will permanently shrink the company's earnings, while others argue that using AI to replace human workers will actually make the company much more profitable in the long run. Overall, the company remains a highly resilient cash machine, but its growth path is changing.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company maintains highly impressive profit margins, with operating margins holding steady at 25%. This level of profitability is exceptional for the industry, but the future direction is a major point of debate. The reports agree that the company faces near-term pressure from wage inflation and the costs of retraining its massive workforce. However, they clash sharply on the long-term outlook. Pessimistic views suggest that clients will demand steep price cuts as AI makes coding cheaper, which could crush . Optimistic views argue that by replacing expensive human developers with highly efficient AI tools, the company can actually expand its margins to historic highs. Investors should closely watch whether the company can maintain its 25% margin floor as it shrinks its headcount, as this will prove whether it can successfully capture the financial benefits of automation.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-10.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2017-03-31	18,187,789,084.18	3,582,022,818.38	4,053,191,489.36	48.93	25.81	22.29	19.69
2018-03-31	18,907,080,325.6	3,563,968,668.41	3,966,518,199.97	45.45	24.78	20.98	18.85
2019-03-31	21,168,232,403.53	3,810,088,163.03	4,548,634,195.69	48.65	25.57	21.49	18
2020-03-31	20,832,094,504.91	3,865,144,677.46	4,292,540,483.14	47.74	24.67	20.61	18.55
2021-03-31	22,443,882,433.36	4,870,266,575.53	4,433,356,117.57	47.08	26	19.75	21.7
2022-03-31	25,254,049,782.69	4,866,851,047.02	5,047,675,490.58	47.71	25.34	19.99	19.27
2023-03-31	27,431,317,678.55	4,728,677,454.68	5,127,996,106.58	46.88	24.12	18.69	17.24
2024-03-31	28,897,912,667.95	4,998,080,614.2	5,507,197,696.74	44.84	24.67	19.06	17.3
2025-03-31	29,876,433,419.14	5,262,227,942.9	5,681,371,401.83	42.94	24.4	19.02	17.61
2026-03-31	28,564,505,776.64	5,402,866,923.41	5,264,227,642.28	30.92	25.03	18.43	18.91

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2026-03-31	17.34	Trailing four quarters
2025-03-31	26.88	Trailing four quarters
2024-03-31	30.56	Trailing four quarters
2023-03-31	27.77	Annual net income
2022-03-31	35.71	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	3,828,253,200
2018-01-01	3,752,314,800
2019-01-01	3,752,384,700
2020-01-01	3,752,384,700
2021-01-01	3,698,977,700
2022-01-01	3,659,051,400
2023-01-01	3,651,037,000
2024-01-01	3,618,825,000
2025-01-01	3,618,676,000
2026-01-01	3,617,615,000

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