Tata Consultancy Services Ltd
TCSTata Consultancy Services Ltd's earnings have outrun its stock. EPS grew +1.3% in a year against a −28.9% price move.
The sharpest disagreement: annual EPS moved +1.3% against a −28.9% price move — the market has not yet caught up with the delivery.
The price is in a downtrend (73 weeks in) while the P/E sits at the 2nd percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +4.7% year on year, and 101% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Tata Consultancy Services Ltd trades at ₹2,269, in a downtrend and 73 weeks into that stage. That is −14.4% against its own 200-day average. It sits at 22% of a 52-week range of ₹1,983 to ₹3,282. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (27 weeks and counting).
Today the stock is in a downtrend — week 73 of stage 4, confirmed. At ₹2,269 it trades −14.4% versus its 200-day average and sits at 22% of its 52-week range (₹1,983–₹3,282).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +92% while the NIFTY 500 moved +274% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (27 weeks and counting; last ahead the week of 2026-02-01) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 2nd percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Tata Consultancy Services Ltd trades at 15.2× P/E, about the cheapest it has ever traded. Its long-run median P/E is 26.1×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 15.2× is about the cheapest it has ever traded, against a long-run median of 26.1× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +1.3% against a −28.9% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the −6.6%/yr price move, ~+9.4%/yr came from earnings growth and ~−16.0 pp from the multiple (compressing); over 10y, of the +6.4%/yr price move, ~+8.9%/yr came from earnings growth and ~−2.5 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Tata Consultancy Services Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 63.0% and holding. The read is built from 12 quarters across 4 curves, on partial evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +4.6% | +5.8% | +10.2% | +9.4% |
| Profit | +1.3% | +5.3% | +8.7% | +7.3% |
| EPS | +1.3% | +5.7% | +9.2% | +8.2% |
| Share price | −28.9% | −13.6% | −6.6% | +6.4% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
50.9/100 — rank 30 of 63 in IT - Software · 91% evidence confidence
Tata Consultancy Services Ltd scores 50.9 out of 100 against the 63 companies it is compared with in IT - Software, ranking 30. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 11.6 + 20.3 + 11.8 + 7.2 = 50.9. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Tata Consultancy Services Ltd reported ₹72,275 Cr of revenue in the Jun 26 quarter, +13.9% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 9.4% a year. The last full year, FY26, came in at ₹2,67,021 Cr. The last four reported quarters add to ₹2,75,859 Cr.
Tata Consultancy Services Ltd reported ₹72,275 Cr of revenue in the Jun 26 quarter, +13.9% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 9.4% a year. The last full year, FY26, came in at ₹2,67,021 Cr. The last four reported quarters add to ₹2,75,859 Cr.
FY26 revenue came in at ₹2,67,021 Cr (+4.6% on the year), capping 10 years at 9.4% compound. The latest quarter (Jun 26) printed ₹72,275 Cr, +13.9% year on year — the 12th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +7.7% growth against the decade's 9.4% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +7.7% over the last 4 quarters against +6.3%/yr over the last 8 — stabilising; TTM profit +1.1% vs +3.1%/yr — stabilising.
→ Revenue grew — did margins hold as it scaled? Next: 26.0% this quarter (−1.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Tata Consultancy Services Ltd's operating margin is 26.0% in the Jun 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 26.0% to 31.0%. The current quarter sits inside that band.
Tata Consultancy Services Ltd's operating margin is 26.0% in the Jun 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 26.0% to 31.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 26.0%, −1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 26.0%–31.0%.
🚨 Why the margin moved: operating margin went −0.9 pp year on year while gross margin went +0.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
→ Margins slipped — did that reach the bottom line? Next: profit +4.7% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Tata Consultancy Services Ltd earned ₹13,420 Cr of net profit in the Jun 26 quarter, +4.7% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹49,454 Cr. The 10-year compound rate is 7.3%. That is 18.6% of the quarter's revenue. The same quarter a year earlier earned ₹12,819 Cr.
Tata Consultancy Services Ltd earned ₹13,420 Cr of net profit in the Jun 26 quarter, +4.7% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹49,454 Cr. The 10-year compound rate is 7.3%. That is 18.6% of the quarter's revenue. The same quarter a year earlier earned ₹12,819 Cr.
Jun 26 profit was ₹13,420 Cr, +4.7% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹49,454 Cr (+1.3%), and the 10-year compound rate is 7.3%.
Why profit moved: revenue contributed +13.9% and the margin −1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +1.1% vs revenue +7.7%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 101% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 101% of Tata Consultancy Services Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹52,094 Cr of operating cash against ₹49,454 Cr of profit. After ₹14,969 Cr of capital spending, ₹37,125 Cr was left as free cash.
FY26: operating cash of ₹52,094 Cr against reported profit of ₹49,454 Cr, leaving free cash of ₹37,125 Cr after ₹14,969 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 101% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 101%: the cash cycle stretched 26 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: the bigger cash user is investment — capital spending ran 1.8× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹28,046 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Tata Consultancy Services Ltd's cash conversion cycle runs 93 days in FY26, up from 67 days in FY21. Capital spending ran ₹28,046 Cr over the last 3 years. At FY26 sales of ₹2,67,021 Cr each day of that cycle holds about ₹732 Cr, so roughly ₹68,035 Cr sits inside the business at any moment.
FY26: debtors at 93 days (an asset-light business — no inventory to speak of) — for a full cycle of 93 days, looser than FY21's 67.
In money terms: at FY26 sales of ₹2,67,021 Cr, each day of the cycle holds about ₹732 Cr — so the 93-day loop keeps roughly ₹68,035 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹28,046 Cr over the last 3 fiscal years against ₹15,787 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹2,665 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 63% and the ROIC − WACC spread is +54.4 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Tata Consultancy Services Ltd earns a ROCE of 63% in FY26. That is up from a trough of 39% in FY18. Return on invested capital clears the cost of that capital by +54.4 percentage points, so growth here adds value rather than only size. The wiring behind it is 18.5% net margin on 1.47× asset turns.
FY26 ROCE is 63%, recovered from a FY18 trough of 39% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 18.5% net margin × 1.47× asset turns × 1.69× balance-sheet leverage ≈ 46.0% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 66.4% − 12.0% = a +54.4 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.11.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Tata Consultancy Services Ltd carries total debt of ₹11,309 Cr against shareholder equity of ₹1,10,754 Cr as of Jun 26, a debt-to-equity of 0.10 — effectively unlevered. On the annual view that ratio went from 0.09 in FY22 to 0.10 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Jun 26: total debt of ₹11,309 Cr against shareholder equity of ₹1,10,754 Cr — a debt-to-equity of 0.10. On the annual view, debt-to-equity went from 0.09 (FY22) to 0.10 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 3.3 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions cut 3.3 points of Tata Consultancy Services Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 9.1% of the company. Domestic institutions moved +2.4 points over the same window, to 13.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −3.3 points over 8 quarters to 9.1%; Domestic institutions: +2.4 points over 8 quarters to 13.4%; Promoters: +0.0 points over 8 quarters to 71.8%.
Why the register moved: rotation — foreign institutions −3.3 points against domestic institutions +2.4 points over 8 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Tata Consultancy Services Ltd: the Z-score reads 12.47. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
Why it matters: a Z-score of 12.47 sits well clear of the distress zone — the balance sheet is not the risk here.
The safety line in one sentence: the Z-score reads 12.47.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Tata Consultancy Services Ltd this page | 15.2× | ₹8.2L Cr | Consistent | |||
| Infosys Ltd | 13.6× | ₹4.2L Cr | Consistent | |||
| HCL Technologies Ltd | 19.0× | ₹3.4L Cr | Mixed | |||
| Wipro Ltd | 13.3× | ₹1.8L Cr | Topping out | |||
| Tech Mahindra Ltd | 28.7× | ₹1.5L Cr | Topping out | |||
| LTM Ltd | 21.6× | ₹1.2L Cr | Consistent | |||
| Coforge Ltd | 40.0× | ₹65,726 Cr | Mixed | |||
| Mphasis Ltd | 22.6× | ₹43,674 Cr | Consistent | |||
| Hexaware Technologies Ltd | 23.0× | ₹33,719 Cr | No read | |||
| IDream Film Infrastructure Company Ltd | — | ₹17,180 Cr | No read | |||
| Zensar Technologies Ltd | 15.1× | ₹11,511 Cr | Turning around | |||
| Sonata Software Ltd | 15.8× | ₹8,079 Cr | Mixed | |||
| Tanla Platforms Ltd | 14.9× | ₹7,954 Cr | Turning around | |||
| Birlasoft Ltd | 14.8× | ₹7,896 Cr | Turning around | |||
| Seshaasai Technologies Ltd | 23.6× | ₹6,221 Cr | No read | |||
| ASM Technologies Ltd | 103.0× | ₹6,206 Cr | No read | |||
| AvenuesAI Ltd | 20.2× | ₹5,700 Cr | Mixed | |||
| Mastek Ltd | 12.0× | ₹5,242 Cr | Consistent | |||
| Datamatics Global Services Ltd | 20.3× | ₹4,856 Cr | Topping out | |||
| Aurionpro Solutions Ltd | 21.0× | ₹4,562 Cr | Mixed | |||
| Moschip Technologies Ltd | 141.0× | ₹4,508 Cr | Mixed | |||
| Capillary Technologies India Ltd | 128.0× | ₹3,790 Cr | — | — | — | — |
| TechNVision Ventures Ltd | 984.0× | ₹3,563 Cr | No read | |||
| Cigniti Technologies Ltd | 11.4× | ₹3,472 Cr | Mixed | |||
| 63 Moons Technologies Ltd | — | ₹3,264 Cr | No read | |||
| ASM Technologies Ltd | 52.8× | ₹3,220 Cr | No read | |||
| TechNVision Ventures Ltd | 14,485.0× | ₹3,187 Cr | No read | |||
| R Systems International Ltd | 12.6× | ₹2,909 Cr | Turning around | |||
| Sasken Technologies Ltd | 48.1× | ₹2,765 Cr | Improving | |||
| BLS E-Services Ltd | 44.6× | ₹2,565 Cr | Mixed | |||
| Silver Touch Technologies Ltd | 71.0× | ₹2,538 Cr | Turning around | |||
| Saksoft Ltd | 16.3× | ₹2,231 Cr | Mixed | |||
| Blue Cloud Softech Solutions Ltd | 31.2× | ₹1,889 Cr | Mixed | |||
| Hypersoft Technologies Ltd | 440.0× | ₹1,798 Cr | No read | |||
| Kody Technolab Ltd | 104.0× | ₹1,748 Cr | — | — | — | — |
| IZMO Ltd | 34.8× | ₹1,653 Cr | Improving | |||
| NINtec Systems Ltd | 50.3× | ₹1,610 Cr | Mixed | |||
| Dynacons Systems & Solutions Ltd | 18.6× | ₹1,580 Cr | Mixed | |||
| Magellanic Cloud Ltd | 13.6× | ₹1,568 Cr | Mixed | |||
| InfoBeans Technologies Ltd | 18.0× | ₹1,526 Cr | Mixed |
Frequently asked questions
What is Tata Consultancy Services Ltd's share price today?
Tata Consultancy Services Ltd trades at ₹2,269, −28.9% over the past year. The company is valued at ₹8,15,625 Cr. The stock sits at 22% of its 52-week range of ₹1,983–₹3,282, −14.4% versus its 200-day average. On the tape, the price is in a downtrend, 73 weeks in. — as of 24 July 2026.
What were Tata Consultancy Services Ltd's latest quarterly results?
Tata Consultancy Services Ltd reported revenue of ₹72,275 Cr and net profit of ₹13,420 Cr for the Jun 26 quarter. Revenue rose 13.9% and profit rose 4.7% year on year. Earnings per share were ₹36.90. The operating margin was 26.0%, 1.0 pp lower than a year earlier. — as of 24 July 2026.
What is Tata Consultancy Services Ltd's revenue?
Tata Consultancy Services Ltd reported revenue of ₹72,275 Cr in the Jun 26 quarter, +13.9% year on year. For the full FY26 fiscal year, revenue was ₹2,67,021 Cr (+4.6%). Over the last 10 years revenue compounded at 9.4% a year. — as of 24 July 2026.
What is Tata Consultancy Services Ltd's profit?
Tata Consultancy Services Ltd earned ₹13,420 Cr of net profit in the Jun 26 quarter, +4.7% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹49,454 Cr. The operating margin ran 26.0% in the latest quarter. — as of 24 July 2026.
What is Tata Consultancy Services Ltd's market cap?
Tata Consultancy Services Ltd's market capitalisation is ₹8,15,625 Cr at a share price of ₹2,269. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Tata Consultancy Services Ltd's P/E ratio?
Tata Consultancy Services Ltd trades at a P/E of 15.2×, at the 2nd percentile of its own 10-year range, against a long-run median of 26.1×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Tata Consultancy Services Ltd pay a dividend?
Yes — Tata Consultancy Services Ltd's dividend payout was 81% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Tata Consultancy Services Ltd overvalued?
On its own history, Tata Consultancy Services Ltd looks cheap against its own history: its P/E of 15.2× has been cheaper only 2% of the time in 10 years (long-run median 26.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Tata Consultancy Services Ltd growing?
Yes — Tata Consultancy Services Ltd is growing: latest-quarter revenue +13.9% year on year, profit +4.7%, and the margin −1.0 pp at 26.0%. The 10-year compound rates are 9.4% (revenue) and 7.3% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Tata Consultancy Services Ltd performing?
Tata Consultancy Services Ltd is in a downtrend, 73 weeks in. Its latest quarter's revenue rose 13.9% and profit rose 4.7% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 27 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Tata Consultancy Services Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 63.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +7.7% latest, profit growth +1.1% latest, eps growth +1.1% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Tata Consultancy Services Ltd in an uptrend?
No — the price is in a downtrend (week 73 of stage 4), trading −14.4% versus its 200-day average and at 22% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Tata Consultancy Services Ltd beating the market?
Not lately — on a trailing-13-week view Tata Consultancy Services Ltd is currently behind the NIFTY 500 (27 weeks and counting; last ahead the week of 2026-02-01), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +92% against the NIFTY 500's +274% — behind the index over the full window. — as of 24 July 2026.
Will Tata Consultancy Services Ltd's share price go up?
This page publishes no price forecast for Tata Consultancy Services Ltd. What it measures instead: the share price is ₹2,269, the price is in a downtrend 73 weeks in. Its P/E of 15.2× sits at the 2nd percentile of its own 10-year range. — as of 24 July 2026.
Who owns Tata Consultancy Services Ltd?
Promoters hold 71.8% of Tata Consultancy Services Ltd, foreign institutions 9.1%, domestic institutions 13.4% and the public 5.7% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 3.3 points over 8 quarters. — as of 24 July 2026.
Does Tata Consultancy Services Ltd have too much debt?
No — Tata Consultancy Services Ltd's debt-to-equity is 0.11, and operating profit covers the interest bill 59×. FY26 borrowings were ₹11,283 Cr against equity of ₹1,07,240 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Tata Consultancy Services Ltd's capex?
Tata Consultancy Services Ltd spent ₹28,046 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹14,969 Cr, with ₹2,665 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Tata Consultancy Services Ltd's cash flow?
Tata Consultancy Services Ltd generated ₹52,094 Cr of operating cash flow in FY26 and ₹37,125 Cr of free cash flow after ₹14,969 Cr of capital spending. Reported profit that year was ₹49,454 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Tata Consultancy Services Ltd's profit real cash?
Yes — over the last 3 fiscal years, 101% of Tata Consultancy Services Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹52,094 Cr against reported profit of ₹49,454 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
How financially safe is Tata Consultancy Services Ltd?
On the balance sheet, the Z-score reads 12.47 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 24 July 2026.
Where is Tata Consultancy Services Ltd in its business cycle?
Tata Consultancy Services Ltd's FY26 operating margin was 27.0%, against a 13-year band of 26.0%–31.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 26.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Tata Consultancy Services Ltd story?
The sharpest disagreement: annual EPS moved +1.3% against a −28.9% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Tata Consultancy Services Ltd a stock worth studying right now?
This is not investment advice. The machine read: Tata Consultancy Services Ltd's earnings have outrun its stock. EPS grew +1.3% in a year against a −28.9% price move. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.