Valuation Tata Consultancy Services Ltd.

Stocks

TCS

INE467B01029

IT Services & Consulting

Delayed NSE India S.E. Other stock markets 12:19:33 14/07/2026 pm IST			5-day change	1st Jan Change
2,183.50 ^INR	+0.09%		+4.24%	-31.85%

13/07	India's HCLTech results beat on financial services boost; enters data center business	RE
13/07	Tata Consultancy Services, ABB Expand Collaboration in Multi-Million, Multi-Year Deal	MT

Company Valuation: Tata Consultancy Services Ltd.

Data adjusted to current consolidation scope

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Market Cap ¹	1,36,84,669	1,17,30,553	1,40,24,793	1,30,47,366	85,34,707	78,92,858	-	-
Change	-	-14.28%	19.56%	-6.97%	-34.59%	-7.52%	-	-
Enterprise Value (EV) ¹	1,32,49,619	1,13,00,103	1,36,57,333	1,26,79,766	81,80,757	74,91,719	73,93,521	73,09,020
Change	-	-14.71%	20.86%	-7.16%	-35.48%	-8.42%	-1.31%	-1.14%
P/E	36.1x	27.8x	30.8x	26.9x	17.3x	14.1x	13.5x	12.8x
PBR	15.4x	13x	15.5x	13.8x	7.96x	6.88x	6.41x	5.94x
PEG	-	2.5x	3.32x	4.07x	12.76x	1.1x	2.71x	2.5x
Capitalization / Revenue	7.14x	5.2x	5.82x	5.11x	3.2x	2.71x	2.6x	2.48x
EV / Revenue	6.91x	5.01x	5.67x	4.97x	3.06x	2.58x	2.44x	2.3x
EV / EBITDA	25x	19.1x	21.2x	18.8x	11.3x	9.73x	9.11x	8.63x
EV / EBIT	27.3x	20.8x	23x	20.4x	12.2x	10.5x	9.85x	9.29x
EV / FCF	35.4x	28.7x	32.4x	27.6x	16.9x	14.4x	13.1x	12.4x
FCF Yield	2.83%	3.49%	3.09%	3.63%	5.92%	6.92%	7.62%	8.06%
Dividend per Share ²	43	115	73	126	110	126.6	134.4	142.6
Rate of return	1.15%	3.59%	1.88%	3.49%	4.66%	5.81%	6.16%	6.54%
EPS ²	103.6	115.2	125.9	134.2	136	154.2	161.9	170.2
Distribution rate	41.5%	99.8%	58%	93.9%	80.9%	82.1%	83%	83.8%
Net sales ¹	19,17,540	22,54,580	24,08,930	25,53,240	26,70,210	29,07,737	30,35,637	31,77,400
EBITDA ¹	5,30,570	5,92,590	6,42,960	6,74,070	7,23,980	7,70,026	8,11,399	8,47,022
EBIT ¹	4,84,530	5,42,370	5,93,110	6,21,650	6,68,380	7,16,466	7,50,904	7,86,465
Net income ¹	3,83,270	4,21,470	4,59,080	4,85,530	4,92,100	5,58,397	5,86,450	6,15,176
Net Debt ¹	-4,35,050	-4,30,450	-3,67,460	-3,67,600	-3,53,950	-4,01,138	-4,99,337	-5,83,838
Reference price ²	3,739.95	3,205.90	3,876.30	3,606.15	2,358.90	2,181.50	2,181.50	2,181.50
Nbr of stocks (in thousands)	36,59,051	36,59,051	36,18,088	36,18,088	36,18,088	36,18,088	-	-
Announcement Date	11/04/22	12/04/23	12/04/24	10/04/25	09/04/26	-	-	-

¹INR in Million²INR

Estimates

P/E, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
TATA CONSULTANCY SERVICES LTD.	14.14x	2.58x	9.73x	5.81%	8.25TCr
IBM	28.2x	4.52x	15.79x	2.33%	27TCr
SNOWFLAKE INC.	-94.09x	14.88x	86.13x	-.--%	9.31TCr
ACCENTURE PLC	10.29x	1.13x	5.93x	4.69%	8.48TCr
RELX PLC	19.48x	5.11x	12.62x	2.92%	5.84TCr
INFOSYS LIMITED	14.32x	2.09x	8.77x	5.44%	4.66TCr
FUJITSU LIMITED	18.9x	1.52x	9.57x	1.57%	3.54TCr
NEC CORPORATION	20.03x	1.48x	9.4x	0.99%	3.55TCr
HCL TECHNOLOGIES LIMITED	16.64x	2.14x	9.95x	5.2%	3.45TCr
Average	5.32x	3.94x	18.65x	3.21%	8.26TCr
Weighted average by Cap.	6.36x	4.71x	21.24x	2.96%