Indian multinational IT services and consulting company, part of Tata Group and one of the large IT services companies.
Profile & Fundamentals
Tata Consultancy Services: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Tata Consultancy Services Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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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
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
- Market Cap
- INR 7.60T
- 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
Latest: 3.6B | Max: 3.8B | Min: 3.6B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
28.17%
1.0B latest reported shares
Insider Ownership
71.79%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| 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 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's latest financial results tell a story of remarkable resilience beneath headline macroeconomic caution. In fiscal 2026, annual revenue grew 4.58% to 2.67 trillion rupees, while operating income reached 668 billion rupees. While client spending on non-essential consulting slowed, long-term contracts in cloud migration and enterprise security expanded steadily. The most revealing aspect of performance is cash generation. Free cash flow surged 12.31% to 505 billion rupees, converting more than 100% of reported accounting profit into hard cash. This extraordinary conversion confirms that despite fears of technological disruption, the business retains immense earnings power and funds generous shareholder distributions without borrowing.
The company's latest financial results tell a story of remarkable resilience beneath headline macroeconomic caution. In fiscal 2026, annual revenue grew 4.58% to 2.67 trillion rupees, while operating income reached 668 billion rupees. While client spending on non-essential consulting slowed, long-term contracts in cloud migration and enterprise security expanded steadily. The most revealing aspect of performance is cash generation. Free cash flow surged 12.31% to 505 billion rupees, converting more than 100% of reported accounting profit into hard cash. This extraordinary conversion confirms that despite fears of technological disruption, the business retains immense earnings power and funds generous shareholder distributions without borrowing.
Revenue, Net Income, and Free Cash Flow
Latest: INR 2.67T | Max: INR 2.67T | Min: INR 232.1B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 17x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Operating profitability has held up remarkably well against industry-wide pricing pressure. In fiscal 2026, operating margins expanded to 25.0%, maintaining the company's decade-long target corridor. Management defended profitability through disciplined staffing, increased offshore delivery mix, and internal automated testing tools. While annual wage increases temporarily trim first-quarter margins, steady depreciation of the Indian rupee against the US dollar provides an ongoing operational buffer. By deploying automation to deliver fixed-price contracts more efficiently, the company protects its profitability and sustains an extraordinary return on equity of nearly 46%.%
Operating profitability has held up remarkably well against industry-wide pricing pressure. In fiscal 2026, operating margins expanded to 25.0%, maintaining the company's decade-long target corridor. Management defended profitability through disciplined staffing, increased offshore delivery mix, and internal automated testing tools. While annual wage increases temporarily trim first-quarter margins, steady depreciation of the Indian rupee against the US dollar provides an ongoing operational buffer. By deploying automation to deliver fixed-price contracts more efficiently, the company protects its profitability and sustains an extraordinary return on equity of nearly 46%.%
Profitability Margins
Latest: 30.9% | Max: 48.9% | Min: 18.4%
Latest Profitability Ratios as of 2026-03-31
Gross Margin
30.9%
Gross profit / revenue
Operating Margin
25.0%
Operating income / revenue
Net Margin
18.4%
Net income / revenue
FCF Margin
18.9%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-03-31 | 18,187,789,084.18 | 4,053,191,489.36 | 3,582,022,818.38 |
| 2018-03-31 | 18,907,080,325.6 | 3,966,518,199.97 | 3,563,968,668.41 |
| 2019-03-31 | 21,168,232,403.53 | 4,548,634,195.69 | 3,810,088,163.03 |
| 2020-03-31 | 20,832,094,504.91 | 4,292,540,483.14 | 3,865,144,677.46 |
| 2021-03-31 | 22,443,882,433.36 | 4,433,356,117.57 | 4,870,266,575.53 |
| 2022-03-31 | 25,254,049,782.69 | 5,047,675,490.58 | 4,866,851,047.02 |
| 2023-03-31 | 27,431,317,678.55 | 5,127,996,106.58 | 4,728,677,454.68 |
| 2024-03-31 | 28,897,912,667.95 | 5,507,197,696.74 | 4,998,080,614.2 |
| 2025-03-31 | 29,876,433,419.14 | 5,681,371,401.83 | 5,262,227,942.9 |
| 2026-03-31 | 28,564,505,776.64 | 5,264,227,642.28 | 5,402,866,923.41 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| 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 |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-03-31 | 48.93 | 25.81 | 22.29 | 19.69 |
| 2018-03-31 | 45.45 | 24.78 | 20.98 | 18.85 |
| 2019-03-31 | 48.65 | 25.57 | 21.49 | 18 |
| 2020-03-31 | 47.74 | 24.67 | 20.61 | 18.55 |
| 2021-03-31 | 47.08 | 26 | 19.75 | 21.7 |
| 2022-03-31 | 47.71 | 25.34 | 19.99 | 19.27 |
| 2023-03-31 | 46.88 | 24.12 | 18.69 | 17.24 |
| 2024-03-31 | 44.84 | 24.67 | 19.06 | 17.3 |
| 2025-03-31 | 42.94 | 24.4 | 19.02 | 17.61 |
| 2026-03-31 | 30.92 | 25.03 | 18.43 | 18.91 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-10.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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