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Tata Consultancy Services (TCS) Share Price Today

Company details

3,817.55
3,841.25
3,156.00
4,254.75
6M Return 9.17%
1Y Return 16.17%
Mkt Cap.(Cr) 1,386,451.32
Volume 1,311,168
Div Yield 1.91%
OI
-
OI Chg %
-
Volume 1,311,168

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IT Consulting & Software company Tata Consultancy Services announced Q4FY24 & FY24 results:

Financial Performance:
- TCS reported a total revenue of Rs 2,40,893 crore in FY24, growing by 6.8% YoY (CC: 3.4%).
- The operating margin in FY24 stood at 24.6%, while the net margin was reported at 19.3%.
- Net income for FY24 was Rs 46,585 crore, registering a 10.5% increase YoY.
- Q4FY24 saw a revenue of Rs 61,237 crore, marking a 3.5% YoY increase (CC: 2.2%).
- Q4FY24 operating margin expanded to 26.0%, with a 150 bps improvement YoY.
- Net margin for Q4FY24 increased by 100 bps YoY, leading to a net income of Rs 12,434 crore, up by 9.1% YoY.
- Record deal wins in FY24 with Total Contract Value (TCV) at an all-time high of $42.7 billion, including a Q4FY24 TCV record of $13.2 billion.

Client and Market Metrics:
- The cumulative client base includes 62 in the $100 million category ( 2 YoY) and 139 in the $50 million category ( 6 YoY).
- Major growth by markets: UK ( 10.1%) and Regional Markets ( 19.8%).
- By verticals, in FY24, leading growth industries were Energy, Resources and Utilities ( 12.6%), Manufacturing ( 7.3%), and Life Sciences & Healthcare ( 4.8%).

Employee Metrics:
- Total employee headcount stands at 6,01,546.
- IT Services Attrition for FY24 stands at a reduced rate of 12.5%.
- Gender diversity is at 35.6%, with the workforce comprising 152 nationalities.

Cash Flow and Dividend:
- Operating Cash Flow for Q4FY24 was robust at 100.4% of Net Income.
- A proposed final dividend per share of 28.
- Free Cash Flow at the end of FY24 reported was Rs 44,282 crore.
- Shareholder payout for FY24 amounted to Rs 46,223 crore via dividends and buyback.

Business Unit Highlights:
- Al.Cloud, Enterprise Solutions, IoT & Digital Engineering, and Cyber Security observed prominent growth.
- Strategic partnerships, expansions, and project developments with high-profile clients such as Aviva, Euroclear Finland, Central Bank, Nuuday, Enento Group, Toyota Motor North America, OTPP, easyJet, and AkzoNobel.

Awards and Recognition:
- TCS was honored with multiple industry awards and recognitions, including Global Top Employer 2024, FORTUNE's World's Most Admired Companies, and leadership positions in various service areas as assessed by industry analysts.

K Krithivasan, Chief Executive Officer and Managing Director, said: “We are very pleased to close Q4 and FY24 on a strong note with the highest ever order book and a 26% operating margin, validating the robustness of our business model and execution excellence. In an environment of global macro uncertainty, we are staying close to our customers and helping them execute on their core priorities with TCS’ portfolio of offerings, innovation capabilities and thought leadership.”

N Ganapathy Subramaniam, Chief Operating Officer and Executive Director, said: “Our Q4 performance is robust, with broad based deal wins across industries and geographies. Our products and platforms business sparkled with the mega deal win at Aviva and emerging markets had another stellar growth quarter demonstrating the power of TCS’ diversified portfolio.”

Result PDF

View Other Company Results

TCS shares SWOT Analysis

Strengths (12)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (0)

Data not found

Opportunity (0)

Data not found

Threats (3)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 3,843.0
R2 3,854.0
R3 3,866.7
Pivot

3,830.27

S1 3,819.3
S2 3,806.6
S3 3,795.6
EMA SMA
3,884.1
3,913.0
3,878.6
3,756.5
3,880.1
3,942.4
3,939.6
3,721.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 3841.8 471757 BSE
MARSHALL WACE INVESTMENT STRATEGIES MARKET NEUTRAL TOPS FUND Block Purchase 2024-01-25 3841.8 25078 NSE
MARSHALL WACE INVESTMENT STRATEGIES TOPS FUND Block Purchase 2024-01-25 3841.8 1946 NSE
Name Category Shares
TATA SONS PRIVATE LIMITED PROMOTER 71.74%

OUR RESEARCH VIEW

Investment recommendation
Record TCV wins and resilient margin show...
Call Date
16 Apr 2024
Entry Price 3,923.00
Target Price 4,330.00
Duration
12 Month

FINANCIALS

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Profit after Tax
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TCS Stocks Comparison

Financials( in Cr) Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd LTIMindtree Ltd
Price 3,832.00 1,454.80 1,343.05 461.30 4,775.75
% Change 0.31 1.44 0.09 0.09 0.95
Mcap Cr 1,386,451.32 603,868.13 364,458.78 241,035.62 141,440.04
Revenue TTM Cr 240,893.00 153,670.00 101,456.00 90,487.60 33,183.00
Net Profit TTM Cr 46,099.00 26,248.00 14,845.00 11,366.50 4,410.30
PE TTM 29.67 22.87 23.20 21.81 30.56
1 Year Return 16.17 12.53 19.93 16.56 -4.24
ROCE 62.85 44.74 27.62 17.11 34.87
ROE 51.04 37.12 23.32 15.89 28.56
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 90,489.00 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,128.50
LAST 3M 104,708.81 -35,737.56
LAST 6M 170,310.47 49,041.43
LAST 12M 264,009.23 126,983.18
Burgan Bank selects TCS BaNCS for its core banking transformation

May 22, 2024 l BSE Announcement

Tata Consultancy Services Limited - Press Release

May 22, 2024 l NSE Announcement

Tata Consultancy Services Limited - Retirement

May 21, 2024 l NSE Announcement

Date Action Type Ratio
May 16, 2024 Dividend 2800
Jan 19, 2024 Dividend 900
Jan 19, 2024 Dividend 1800

TCS Information

Stock PE (TTM)
29.67
Promoter Holding
71.77%
Book Value
249.4517
ROCE
62.85%
ROE
51.04%
Description
  • Tata Consultancy Services Limited or TCS, as it is commonly known, is an Indian multinational IT consulting and software company that is part of the prestigious Tata Group. The company was founded in 1968 and is headquartered in Mumbai, Maharashtra. Tata Consultancy Services Limited offers a wide range of products and services, such as digital and business solutions that incorporate analytics and insights, automation and artificial intelligence, blockchain, cloud services, cognitive business operations, consulting, cyber security, enterprise applications, IoT and digital engineering, quality engineering, interactive services, and sustainability services.

    Tata Consultancy Services is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). On the NSE, it has been assigned the symbol of TCS. On the BSE, it has been allotted the scrip number of 532540. The company has a market capitalisation of Rs. 13.71 lakh crore, making it one of the largest IT consultancy services in the country. The share price of TCS closed at Rs. 3,814.05 on April 5, 2022. In the past year, TCS shares returned 15.49% to its investors.

    The company operates in the following segments—Banking, Financial Services and Insurance, Manufacturing, Retail and Consumer Business, Communication, Media and Technology, Lifesciences and Healthcare, and Others. TCS has 147 delivery centres in 21 countries and 285 offices across 46 countries. TCS is the first Indian IT company to make it to the $100 billion club when its market capitalisation breached the threshold in April 2018. It is the second company in India to hold the merit, after Reliance Industries.

    For the quarter ended December 31, 2021, TCS reported a total income of Rs. 43,070 crore compared to Rs. 37,053 crore for the same period in the previous year. The company reported a total profit of Rs. 9,959 crore for the December quarter of the financial year 2021. For the same period in the previous year, the company posted a net profit of Rs. 9,242 crore. The earnings per share for the company was Rs. 26.93 for the quarter ended December 31, 2021. For the same period in the previous year, the company reported an earnings per share of Rs. 24.63.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Nirmal Building, 9th Floor Nariman Point, Mumbai, Maharashtra, 400021

Tel : 91-22-67789595
Email : investor.relations:tcs.com
Website : http://www.tcs.com
Registrar

TSR Consultants P Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532540
NSE Code : TCS
Book Closure Date (Month) :
BSE Group : A
ISIN : INE467B01029

TCS SHARES FAQs

You can buy Tata Consultancy Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Tata Consultancy Services Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 03:58 PM the closing price of Tata Consultancy Services Ltd was Rs.3,832.00.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 22, 2024 03:58 PM, the market cap of Tata Consultancy Services Ltd stood at Rs. 1,386,451.32.

The latest PE ratio of Tata Consultancy Services Ltd as of May 22, 2024 03:58 PM is 29.67

The latest PB ratio of Tata Consultancy Services Ltd as of May 22, 2024 03:58 PM is 0.07

The 52-week high of Tata Consultancy Services Ltd share price is Rs. 4,254.75 while the 52-week low is Rs. 3,156.00

According to analyst recommendations, Tata Consultancy Services Ltd Share has a "Buy" rating for the long term.

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