# TCS share price today (Tata Consultancy Services Ltd, NSE: TCS)

> TCS share price today: ₹2,436.00 at the NSE close on 4 November 2026, down 18.6% in a year. Tata Consultancy Services (NSE: TCS) is worth ₹8,81,226 crore, trades at a P/E of 16.2 and has closed between ₹1,982.60 and ₹3,282.00 over the past 52 weeks. > Tata Consultancy Services Ltd's earnings have grown faster than its share price. Earnings per share grew +1.3% in a year while the price moved −18.6%. TCS · IT - Software · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/tata-consultancy-services-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹2,436.00 (−18.6% in a year)
- P/E: 16.2× (lower than 95% of the last 11 years)
- Revenue (Sep 2026): ₹73,188 Cr (+11.2% on a year ago)
- Profit (Sep 2026): ₹13,934 Cr (+14.9% on a year ago)
- Operating margin: 26.0% (−1.0 points on a year ago)
- ROCE: 63%, FY26
- ROIC: 66.3%, against a 12.0% cost of capital: +54.3 points

The main question: foreign institutions moved −3.7 percentage points over 8 quarters while the business went the other way. ## What is the TCS share price today? Tata Consultancy Services Ltd's share price was ₹2,436.00 at the close on 4 November 2026. It has been falling for 88 weeks. That is 1.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,983 and ₹3,282, and at that close it sat 35% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 15 weeks in a row. Over the last 11 years the share price moved +106% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at TCS this quarter? Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), indian funds and insurers (DIIs) raised their stake for 7 quarters in a row and highest quarterly profit in 16 quarters. 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹73,188 crore, +11.2% on a year earlier. Why: Revenue rose because overseas business and main industries did better, while some Indian projects were put off and consumer spending was weaker. From the earnings call on 8 Oct 2026. 2. Indian funds and insurers (DIIs) raised their stake for 7 quarters in a row From 10.9% to 13.6% of the company by the September 2026 quarter. 3. Highest quarterly profit in 16 quarters Profit of ₹13,934 crore in the September 2026 quarter is the highest of the last 16 quarters. Why: Profit hit a record because AI work earned a much higher margin than the rest of the business. From the earnings call on 8 Oct 2026. ## What are TCS' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), TCS reported revenue of ₹73,188 crore, up 11.2% from ₹65,799 crore a year earlier, and a profit of ₹13,934 crore, up 14.9% from ₹12,131 crore. ### TCS results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹73,188 crore | ₹65,799 crore | +11.2% |
| Profit | ₹13,934 crore | ₹12,131 crore | +14.9% |
| Earnings per share | ₹38.37 | ₹33.37 | +15.0% |
| Operating margin | 26.0% | 27.0% | −1.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). TCS' management discussed these results on a call held on 8 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the TCS share price history? TCS closed at ₹2,436.00 on 4 November 2026, down 18.6% from ₹2,991.80 a year earlier (7 November 2025) and down 30.6% over five years. Its highest weekly close since March 2016 was ₹4,553.75 on 30 August 2024. ### TCS share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹2,502.60 | −2.7% |
| 1 month ago · 1 Oct 2026 | ₹2,075.00 | +17.4% |
| 6 months ago · 8 May 2026 | ₹2,394.40 | +1.7% |
| 1 year ago · 7 Nov 2025 | ₹2,991.80 | −18.6% |
| 3 years ago · 3 Nov 2023 | ₹3,350.90 | −27.3% |
| 5 years ago · 4 Nov 2021 | ₹3,508.65 | −30.6% |
| 10 years ago · 4 Nov 2016 | ₹1,165.28 | +109.0% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹1,182.63 | +106.0% |
| Highest weekly close since March 2016 · 30 Aug 2024 | ₹4,553.75 | −46.5% |
| Lowest weekly close since March 2016 · 11 Nov 2016 | ₹1,050.58 | +131.9% |
| 52-week high (weekly close) · 19 Dec 2025 | ₹3,282.00 | −25.8% |
| 52-week low (weekly close) · 1 Jul 2026 | ₹1,982.60 | +22.9% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on TCS? 4 Nov 2026: TCS closed at ₹2,436.00, down 2.7% on the week and up 17.4% on the month. 14 Oct 2026: ex-date for an interim dividend of ₹12 a share. ### Earlier

- 8 Oct 2026: TCS held its results call for July to September 2026. Management guided: Long-term operating-margin aspiration remains 26-28%; near-term aim is to inch up while prioritizing growth spending. - Results for July to September 2026: Revenue up 11.2% and profit up 14.9% on a year earlier. - 15 Jul 2026: ex-date for an interim dividend of ₹12 a share. - 25 May 2026: ex-date for a dividend of ₹31 a share. - 16 Jan 2026: ex-date for an interim + special dividend of ₹57 a share, record date 17 Jan 2026. ## What dividend does TCS pay? TCS paid ₹66 a share in regular dividends in the 12 months to 5 November 2026 (4 payments), a yield of 2.71% at the ₹2,436.00 close on 4 November 2026. The last was an interim dividend of ₹12 a share, ex-date 14 October 2026. ### TCS dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 14 Oct 2026 | ₹12 | Interim | same day |
| 15 Jul 2026 | ₹12 | Interim | same day |
| 25 May 2026 | ₹31 | Dividend | same day |
| 16 Jan 2026 | ₹57 | Interim + Special | 17 Jan 2026 |
| 15 Oct 2025 | ₹11 | Interim | same day |
| 16 Jul 2025 | ₹11 | Interim | same day |
| 4 Jun 2025 | ₹30 | Dividend | same day |
| 17 Jan 2025 | ₹76 | Interim + Special | same day |
| 18 Oct 2024 | ₹10 | Interim | same day |
| 19 Jul 2024 | ₹10 | Interim | 20 Jul 2024 |
| 16 May 2024 | ₹28 | Dividend | same day |
| 19 Jan 2024 | ₹27 | Interim + Special | same day |
| 19 Oct 2023 | ₹9 | Interim | same day |
| 20 Jul 2023 | ₹9 | Interim | same day |
| 15 Jun 2023 | ₹24 | Dividend | same day |
| 16 Jan 2023 | ₹75 | Interim + Special | 17 Jan 2023 |
| 17 Oct 2022 | ₹8 | Interim | 18 Oct 2022 |
| 14 Jul 2022 | ₹8 | Interim | 16 Jul 2022 |
| 25 May 2022 | ₹22 | Dividend | 26 May 2022 |
| 19 Jan 2022 | ₹7 | Interim | 20 Jan 2022 |
| 14 Oct 2021 | ₹7 | Interim | 19 Oct 2021 |
| 15 Jul 2021 | ₹7 | Interim | 16 Jul 2021 |
| 25 May 2021 | ₹15 | Dividend | 27 May 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

₹46 Special dividends, last 12 months

Yes. Tata Consultancy Services Ltd paid out 81% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What did TCS management say on the latest results call? On the call for July to September 2026, held on 8 October 2026, TCS' management guided: Long-term operating-margin aspiration remains 26-28%; near-term aim is to inch up while prioritizing growth spending. > “We have always called twenty-six to twenty-eight as our north star, our guiding vision, and we would not want to shift away from that. That is what rallies us to go towards it and we want to keep it at twenty-six to twenty-eight. And that's the long-term aspiration we'll work towards.”
> Samir Seksaria, on the call for July to September 2026

### What management guided

- MHP-related amortization could weigh about 50 basis points in H2, depending on closing and integration timing. - Data-center revenue expected 18-24 months after a contract; plans and layouts are ready. - AI programs goal 25-30% faster S/4HANA delivery and doubled HR efficiency, with self-service rising from less than 10% to 30%. - Medium-term growth momentum expected to continue, based on TCV, pipeline and client conversations. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4501/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 8 October 2026.)

## What to watch in TCS' next results? When TCS reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Check whether deferred India projects resume rather than remaining postponed. - What to check (from the call)
- Check whether deferred India projects resume rather than remaining postponed. - Test the expected consumer improvement and North American recovery against the next-quarter print. - Monitor MHP closing and integration disclosures for when acquisition-related amortization begins. ## Which stock lists is TCS on? TCS is on 4 of our India lists: Nifty 50 companies, Dividend stocks, AI & data centre stocks and IT stocks. - [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)
- [Dividend stocks Regular dividend yield (%): 2.71](https://www.sectoralpha.in/dividend-stocks-india)
- [AI & data centre stocks Group on the list: AI services revenue](https://www.sectoralpha.in/ai-stocks-india)
- [IT stocks Market value (₹ crore): 881366.5260129465](https://www.sectoralpha.in/sectors/it-stocks-india)

## Is TCS profitable? Tata Consultancy Services Ltd earned ₹13,934 Cr of net profit in the Sep 2026 quarter, +14.9% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹49,454 Cr. Over 10 years profit has grown 7.3% a year on average. That is 19.0% of the quarter's revenue. The same quarter a year earlier earned ₹12,131 Cr. For the full year, FY26 profit was ₹49,454 Cr (+1.3% on the year before). Why profit moved: revenue changed +11.2% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +4.5% and revenue +9.9%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does TCS make, and is it growing? Tata Consultancy Services Ltd reported ₹73,188 Cr of revenue in the Sep 2026 quarter, +11.2% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 9.4% a year on average. The last full year, FY26, came in at ₹2,67,021 Cr. The last four reported quarters add to ₹2,83,248 Cr. FY26 revenue was ₹2,67,021 Cr, +4.6% on the year before. Recent pace: the last four quarters grew +9.9% on average, against 9.4% a year over the longer run, so this year is growing at about the same pace as its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +9.9%, against +6.7% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +4.4%, against +4.3% a year (stabilising). ## How much of every ₹100 of sales does TCS keep? Tata Consultancy Services Ltd's operating margin was 26.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 26.0% and 31.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −1.6 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is TCS' profit turning into cash? Over the last 3 years, 101% of Tata Consultancy Services Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹52,094 Cr of operating cash against ₹49,454 Cr of profit. After ₹14,969 Cr of spending on assets, ₹37,125 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 101% of profit came in as cash: the cash cycle got 26 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building. ## Where does TCS' cash go? Tata Consultancy Services Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 93 days in FY26, up from 67 days in FY21. It spent ₹28,046 Cr on assets over the last 3 years. At FY26 sales of ₹2,67,021 Cr, each day of that cycle ties up about ₹732 Cr, so roughly ₹68,035 Cr is tied up in the business at any time. Spending on assets: ₹28,046 Cr over the last 3 years, against ₹15,787 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2,665 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is TCS' P/E ratio, and how does it compare with its own history? Tata Consultancy Services Ltd's P/E is 16.2×, near the low end of its own history: it has been lower only 5% of the time. Its usual P/E (the middle reading) is 25.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹142.64. Why the multiple is where it is: over the past year earnings per share moved +1.3% while the price moved −18.6%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −7.0% a year; about +8.8% a year came from earnings growth and about −15.8 percentage points from the multiple (the market paying less); over 10 years the price moved +7.7% a year; about +8.9% a year came from earnings growth and about −1.2 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the TCS business getting better or worse? Tata Consultancy Services Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 55.7%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does TCS earn on its capital? Tata Consultancy Services Ltd earned a ROCE of 63% in FY26. That is up from a low of 39% in FY18. Its return on capital used (ROIC) is 54.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 18.5% net margin and 1.47× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 18.5% net margin × 1.47× asset turnover × 1.69× leverage (assets divided by equity) ≈ 46.0% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 66.3% − 12.0% = +54.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 66.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 70.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does TCS have too much debt? Tata Consultancy Services Ltd has total debt of ₹11,808 Cr against shareholder equity of ₹1,20,120 Cr as of Sep 2026, so its debt is 0.10× its equity, which is very little. Year by year, that ratio went from 0.09 in FY22 to 0.11 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the TCS shareholding pattern? Foreign institutions cut their stake in Tata Consultancy Services Ltd by 3.7 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 9.0% of the company. Domestic institutions moved +2.7 points over the same period, to 13.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −3.7 points over 8 quarters, to 9.0%; Domestic institutions: +2.7 points over 8 quarters, to 13.6%; Promoters: +0.0 points over 8 quarters, to 71.8%. Why the owners changed: foreign institutions moved −3.7 points and domestic institutions +2.7 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is TCS from balance-sheet trouble? For Tata Consultancy Services Ltd, the Z-score is 12.12. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 12.12 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does TCS rank in its industry? 60.9 out of 100, rank 16 of 69 in IT - Software, with 100% of the evidence available. Tata Consultancy Services Ltd scores 60.9 out of 100 against the 69 companies it is compared with in IT - Software, ranking 16. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 12.8 + 23.3 + 12.7 + 12.1 = 60.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is TCS compared with? TCS ranks 16 of 69 IT - Software companies on the 4-Factor Sector Score, with 60.9 out of 100. 1. [Coforge Ltd](https://www.sectoralpha.in/stocks/coforge-ltd) COFORGE · leader · Most evidence points up · 100% evidence 69.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Revenue 41.5% · Profit 56.3% · Operating margin change 1 points · 100% evidence Capital efficiency 16.4/25 · ROCE 23.5% · Operating margin 20% · 100% evidence Valuation 11.3/20 · P/E 41.7× · PEG 0.57 · 100% evidence Relative strength 18.5/20 · Lead over its industry 24.5% · Lead over NIFTY 500 35.5% · 1 year 15% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.4 + 16.4 + 11.3 + 18.5 = 69.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Expleo Solutions Ltd](https://www.sectoralpha.in/stocks/expleo-solutions-ltd) EXPLEOSOL · breaking out · Most evidence points up · 81% evidence 68.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 10.4% · Profit 39.4% · Operating margin change 4 points · 88% evidence Capital efficiency 15.4/25 · ROCE 24.2% · Operating margin 15% · 100% evidence Valuation 18.7/20 · P/E 8.5× · PEG 0.33 · 100% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.7% · 1 year -20.7% · 25% evidence · 8 of 12 weeks ahead Exact sum: 24.6 + 15.4 + 18.7 + 9.6 = 68.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Cigniti Technologies Ltd](https://www.sectoralpha.in/stocks/cigniti-technologies-ltd) CIGNITITEC · Too little evidence to rank firmly · 55% evidence 68.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.8/43.75 · Revenue 14% · Profit 96.1% · Operating margin change 2 points · 47% evidence Capital efficiency 20.8/31.25 · ROCE 34.1% · Operating margin 18% · 75% evidence Valuation 19.5/25 · P/E 11.4× · PEG 0.74 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 27.8 + 20.8 + 19.5 = 68.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Metalic Technoforge Ltd](https://www.sectoralpha.in/stocks/metalic-technoforge-ltd) META · turning · Too little evidence to rank firmly · 51% evidence 67.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.8/43.75 · Revenue 100% · Profit 100% · Operating margin change 0 points · 83% evidence Capital efficiency 20.2/31.25 · ROCE 44% · Operating margin 11% · 76% evidence Valuation 14.3/25 · P/E 6.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 32.8 + 20.2 + 14.3 = 67.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [Sahana Systems Ltd](https://www.sectoralpha.in/stocks/sahana-systems-ltd) SAHANA · leader · Too little evidence to rank firmly · 54% evidence 66.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Revenue 100% · Profit 100% · Operating margin change -3 points · 27% evidence Capital efficiency 18.4/25 · ROCE 39.8% · Operating margin 29% · 57% evidence Valuation 12.0/20 · P/E 14.5× · PEG n/a · 50% evidence Relative strength 17.2/20 · Lead over its industry 12.3% · Lead over NIFTY 500 22.7% · 1 year 5.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.4 + 18.4 + 12 + 17.2 = 66 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Silver Touch Technologies Ltd](https://www.sectoralpha.in/stocks/silver-touch-technologies-ltd) SILVERTUC · quiet · Most evidence points up · 100% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.9/35 · Revenue 21.7% · Profit 88% · Operating margin change 5 points · 100% evidence Capital efficiency 21.3/25 · ROCE 29.8% · Operating margin 21% · 100% evidence Valuation 11.2/20 · P/E 31.6× · PEG 1.11 · 100% evidence Relative strength 3.0/20 · Lead over its industry -21.7% · Lead over NIFTY 500 -13.9% · 1 year 52.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 29.9 + 21.3 + 11.2 + 3 = 65.4 · What this means: Earnings are strong; relative strength in its sector is -21.7% and the one-year return is 52.9%. 7. [NINtec Systems Ltd](https://www.sectoralpha.in/stocks/nintec-systems-ltd) NINSYS · turning · Most evidence points up · 93% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue 18.8% · Profit 23.3% · Operating margin change 2 points · 100% evidence Capital efficiency 22.4/25 · ROCE 54% · Operating margin 27% · 100% evidence Valuation 6.6/20 · P/E 48.1× · PEG 2.08 · 65% evidence Relative strength 18.2/20 · Lead over its industry 57.5% · Lead over NIFTY 500 70.4% · 1 year 113.7% · 100% evidence · 4 of 12 weeks ahead Exact sum: 18.2 + 22.4 + 6.6 + 18.2 = 65.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Unified Data- Tech Solutions Ltd](https://www.sectoralpha.in/stocks/unified-data-tech-solutions-ltd) breaking out · Too little evidence to rank firmly · 56% evidence 63.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue n/a · Profit n/a · Operating margin change 2 points · 26% evidence Capital efficiency 18.3/25 · ROCE 34.1% · Operating margin 15% · 95% evidence Valuation 10.2/20 · P/E 17.3× · PEG n/a · 15% evidence Relative strength 17.8/20 · Lead over its industry 11.5% · Lead over NIFTY 500 22% · 1 year -7.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 17 + 18.3 + 10.2 + 17.8 = 63.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [ASM Technologies Ltd](https://www.sectoralpha.in/stocks/asm-technologies-ltd) leader · Evidence leans up · 61% evidence 63.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 67.8% · Profit 89.5% · Operating margin change 2 points · 83% evidence Capital efficiency 15.9/25 · ROCE 27% · Operating margin 23% · 95% evidence Valuation 8.7/20 · P/E 124× · PEG n/a · 15% evidence Relative strength 12.3/20 · Lead over its industry n/a · Lead over NIFTY 500 66.2% · 1 year 78.6% · 25% evidence · 12 of 12 weeks ahead Exact sum: 26.1 + 15.9 + 8.7 + 12.3 = 63 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Tanla Platforms Ltd](https://www.sectoralpha.in/stocks/tanla-platforms-ltd) TANLA · turning · Evidence leans up · 85% evidence 62.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 17.7% · Profit 15.4% · Operating margin change 0 points · 100% evidence Capital efficiency 18.3/25 · ROCE 26.3% · Operating margin 16% · 100% evidence Valuation 14.0/20 · P/E 15× · PEG 1.07 · 100% evidence Relative strength 11.7/20 · Lead over its industry n/a · Lead over NIFTY 500 26.7% · 1 year 2.8% · 25% evidence · 3 of 12 weeks ahead Exact sum: 18.7 + 18.3 + 14 + 11.7 = 62.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [String Metaverse Ltd](https://www.sectoralpha.in/stocks/string-metaverse-ltd) breaking out · Evidence leans up · 83% evidence 62.5 out of 100 Growth Capital Valuation Relative
12. [Tech Mahindra Ltd](https://www.sectoralpha.in/stocks/tech-mahindra-ltd) TECHM · leader · Evidence leans up · 85% evidence 62.1 out of 100 Growth Capital Valuation Relative
13. [Infosys Ltd](https://www.sectoralpha.in/stocks/infosys-ltd) INFY · breaking out · Evidence leans up · 82% evidence 61.7 out of 100 Growth Capital Valuation Relative
14. [InfoBeans Technologies Ltd](https://www.sectoralpha.in/stocks/infobeans-technologies-ltd) INFOBEAN · quiet · Evidence leans up · 100% evidence 61.6 out of 100 Growth Capital Valuation Relative
15. [Zensar Technologies Ltd](https://www.sectoralpha.in/stocks/zensar-technologies-ltd) ZENSARTECH · turning · Evidence leans up · 100% evidence 61.6 out of 100 Growth Capital Valuation Relative
16. Tata Consultancy Services Ltd this page TCS · breaking out · Evidence leans up · 100% evidence 60.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.8/35 · Revenue 9.9% · Profit 4.4% · Operating margin change -1 points · 100% evidence Capital efficiency 23.3/25 · ROCE 63% · Operating margin 26% · 100% evidence Valuation 12.7/20 · P/E 16.6× · PEG 1.56 · 100% evidence Relative strength 12.1/20 · Lead over its industry -6.9% · Lead over NIFTY 500 2.5% · 1 year -18.2% · 100% evidence · 6 of 12 weeks ahead Exact sum: 12.8 + 23.3 + 12.7 + 12.1 = 60.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 17. [Sasken Technologies Ltd](https://www.sectoralpha.in/stocks/sasken-technologies-ltd) SASKEN · turning · Evidence leans up · 100% evidence 60.8 out of 100 Growth Capital Valuation Relative
18. [Birlasoft Ltd](https://www.sectoralpha.in/stocks/birlasoft-ltd) BSOFT · breaking out · Evidence leans up · 100% evidence 59.5 out of 100 Growth Capital Valuation Relative
19. [Seshaasai Technologies Ltd](https://www.sectoralpha.in/stocks/seshaasai-technologies-ltd) STYL · quiet · Evidence leans up · 68% evidence 59.5 out of 100 Growth Capital Valuation Relative
20. [Xchanging Solutions Ltd](https://www.sectoralpha.in/stocks/xchanging-solutions-ltd) XCHANGING · quiet · Evidence leans up · 85% evidence 59.1 out of 100 Growth Capital Valuation Relative
21. [RNIT AI Solutions Ltd](https://www.sectoralpha.in/stocks/rnit-ai-solutions-ltd) AUTOPALIND · breaking out · Evidence leans up · 69% evidence 59.1 out of 100 Growth Capital Valuation Relative
22. [Danlaw Technologies India Ltd](https://www.sectoralpha.in/stocks/danlaw-technologies-india-ltd) breaking out · Evidence leans up · 68% evidence 58.8 out of 100 Growth Capital Valuation Relative
23. [Softtech Engineers Ltd](https://www.sectoralpha.in/stocks/softtech-engineers-ltd) SOFTTECH · breaking out · Evidence leans up · 79% evidence 58.3 out of 100 Growth Capital Valuation Relative
24. [R Systems International Ltd](https://www.sectoralpha.in/stocks/r-systems-international-ltd) RSYSTEMS · losing its lead · Evidence leans up · 96% evidence 57.0 out of 100 Growth Capital Valuation Relative
25. [HCL Technologies Ltd](https://www.sectoralpha.in/stocks/hcl-technologies-ltd) HCLTECH · leader · Evidence leans up · 82% evidence 56.7 out of 100 Growth Capital Valuation Relative
26. [Datamatics Global Services Ltd](https://www.sectoralpha.in/stocks/datamatics-global-services-ltd) DATAMATICS · quiet · Evidence leans up · 81% evidence 55.8 out of 100 Growth Capital Valuation Relative
27. [Wipro Ltd](https://www.sectoralpha.in/stocks/wipro-ltd) WIPRO · turning · Evidence leans up · 100% evidence 55.4 out of 100 Growth Capital Valuation Relative
28. [Subex Ltd](https://www.sectoralpha.in/stocks/subex-ltd) SUBEXLTD · breaking out · Evidence leans up · 64% evidence 55.4 out of 100 Growth Capital Valuation Relative
29. [Ksolves India Ltd](https://www.sectoralpha.in/stocks/ksolves-india-ltd) KSOLVES · quiet · Evidence leans up · 100% evidence 52.8 out of 100 Growth Capital Valuation Relative
30. [Capillary Technologies India Ltd](https://www.sectoralpha.in/stocks/capillary-technologies-india-ltd) CAPILLARY · breaking out · Too little evidence to rank firmly · 59% evidence 52.6 out of 100 Growth Capital Valuation Relative
31. [LTM Ltd](https://www.sectoralpha.in/stocks/ltm-ltd) LTM · losing its lead · Evidence leans up · 100% evidence 51.1 out of 100 Growth Capital Valuation Relative
32. [TechNVision Ventures Ltd](https://www.sectoralpha.in/stocks/technvision-ventures-ltd) TECHNVISN · quiet · Evidence leans up · 64% evidence 51.1 out of 100 Growth Capital Valuation Relative
33. [Saksoft Ltd](https://www.sectoralpha.in/stocks/saksoft-ltd) SAKSOFT · basing · Evidence leans up · 96% evidence 50.9 out of 100 Growth Capital Valuation Relative
34. [BLS E-Services Ltd](https://www.sectoralpha.in/stocks/bls-e-services-ltd) BLSE · leader · Evidence leans up · 78% evidence 50.5 out of 100 Growth Capital Valuation Relative
35. [Mphasis Ltd](https://www.sectoralpha.in/stocks/mphasis-ltd) MPHASIS · breaking out · Evidence leans up · 81% evidence 50.3 out of 100 Growth Capital Valuation Relative
36. [Excelsoft Technologies Ltd](https://www.sectoralpha.in/stocks/excelsoft-technologies-ltd) EXCELSOFT · breaking out · Too little evidence to rank firmly · 59% evidence 50.3 out of 100 Growth Capital Valuation Relative
37. [Blue Cloud Softech Solutions Ltd](https://www.sectoralpha.in/stocks/blue-cloud-softech-solutions-ltd) BLUECLOUDS · turning · Evidence leans down · 64% evidence 49.9 out of 100 Growth Capital Valuation Relative
38. [ACS Technologies Ltd](https://www.sectoralpha.in/stocks/acs-technologies-ltd) ACSTECH · Evidence leans down · 74% evidence 49.5 out of 100 Growth Capital Valuation Relative
39. [Magellanic Cloud Ltd](https://www.sectoralpha.in/stocks/magellanic-cloud-ltd) MCLOUD · basing · Evidence leans down · 81% evidence 49.2 out of 100 Growth Capital Valuation Relative
40. [Dynacons Systems & Solutions Ltd](https://www.sectoralpha.in/stocks/dynacons-systems-solutions-ltd) DSSL · quiet · Evidence leans down · 96% evidence 48.5 out of 100 Growth Capital Valuation Relative
41. [IZMO Ltd](https://www.sectoralpha.in/stocks/izmo-ltd) IZMO · quiet · Evidence leans down · 81% evidence 48.0 out of 100 Growth Capital Valuation Relative
42. [Mastek Ltd](https://www.sectoralpha.in/stocks/mastek-ltd) MASTEK · quiet · Evidence leans down · 100% evidence 47.1 out of 100 Growth Capital Valuation Relative
43. [Sonata Software Ltd](https://www.sectoralpha.in/stocks/sonata-software-ltd) SONATSOFTW · quiet · Evidence leans down · 96% evidence 46.9 out of 100 Growth Capital Valuation Relative
44. [AvenuesAI Ltd](https://www.sectoralpha.in/stocks/avenuesai-ltd) CCAVENUE · quiet · Evidence leans down · 89% evidence 44.8 out of 100 Growth Capital Valuation Relative
45. [Unicommerce eSolutions Ltd](https://www.sectoralpha.in/stocks/unicommerce-esolutions-ltd) UNIECOM · turning · Evidence leans down · 78% evidence 44.6 out of 100 Growth Capital Valuation Relative
46. [Allied Digital Services Ltd](https://www.sectoralpha.in/stocks/allied-digital-services-ltd) ADSL · basing · Evidence leans down · 74% evidence 42.1 out of 100 Growth Capital Valuation Relative
47. [Hexaware Technologies Ltd](https://www.sectoralpha.in/stocks/hexaware-technologies-ltd) HEXT · basing · Evidence leans down · 85% evidence 42.0 out of 100 Growth Capital Valuation Relative
48. [Hypersoft Technologies Ltd](https://www.sectoralpha.in/stocks/hypersoft-technologies-ltd) quiet · Evidence leans down · 80% evidence 40.9 out of 100 Growth Capital Valuation Relative
49. [Kellton Tech Solutions Ltd](https://www.sectoralpha.in/stocks/kellton-tech-solutions-ltd) KELLTONTEC · quiet · Evidence leans down · 96% evidence 38.9 out of 100 Growth Capital Valuation Relative
50. [3i Infotech Ltd](https://www.sectoralpha.in/stocks/3i-infotech-ltd) 3IINFOLTD · Too little evidence to rank firmly · 58% evidence 38.9 out of 100 Growth Capital Valuation Relative
51. [Innovana Thinklabs Ltd](https://www.sectoralpha.in/stocks/innovana-thinklabs-ltd) INNOVANA · basing · Evidence leans down · 81% evidence 37.6 out of 100 Growth Capital Valuation Relative
52. [Mindteck (India) Ltd](https://www.sectoralpha.in/stocks/mindteck-indialtd) MINDTECK · Most evidence points down · 76% evidence 32.8 out of 100 Growth Capital Valuation Relative
53. [Aurionpro Solutions Ltd](https://www.sectoralpha.in/stocks/aurionpro-solutions-ltd) AURIONPRO · basing · Most evidence points down · 93% evidence 29.7 out of 100 Growth Capital Valuation Relative
54. [Moschip Technologies Ltd](https://www.sectoralpha.in/stocks/moschip-technologies-ltd) MOSCHIP · quiet · Most evidence points down · 65% evidence 26.1 out of 100 Growth Capital Valuation Relative
55. [Quick Heal Technologies Ltd](https://www.sectoralpha.in/stocks/quick-heal-technologies-ltd) QUICKHEAL · turning · Most evidence points down · 80% evidence 22.9 out of 100 Growth Capital Valuation Relative
56. Orient Technologies Ltd ORIENTTECH · quiet · Most evidence points down · 76% evidence 21.2 out of 100 Growth Capital Valuation Relative
57. [Covance Softsol Ltd](https://www.sectoralpha.in/stocks/covance-softsol-ltd) Too little evidence to rank firmly · 31% evidence 62.9 out of 100 Growth Capital Valuation Relative
58. [Exato Technologies Ltd](https://www.sectoralpha.in/stocks/exato-technologies-ltd) losing its lead · Too little evidence to rank firmly · 43% evidence 59.2 out of 100 Growth Capital Valuation Relative
59. [TAC Infosec Ltd](https://www.sectoralpha.in/stocks/tac-infosec-ltd) TAC · quiet · Too little evidence to rank firmly · 48% evidence 58.5 out of 100 Growth Capital Valuation Relative
60. [Veefin Solutions Ltd](https://www.sectoralpha.in/stocks/veefin-solutions-ltd) VEEFIN · basing · Too little evidence to rank firmly · 43% evidence 54.2 out of 100 Growth Capital Valuation Relative
61. [Kody Technolab Ltd](https://www.sectoralpha.in/stocks/kody-technolab-ltd) KODYTECH · leader · Too little evidence to rank firmly · 35% evidence 53.5 out of 100 Growth Capital Valuation Relative
62. [Optivalue Tek Consulting Ltd](https://www.sectoralpha.in/stocks/optivalue-tek-consulting-ltd) OPTIVALUE · Too little evidence to rank firmly · 32% evidence 51.4 out of 100 Growth Capital Valuation Relative
63. [Workmates Core2cloud Solution Ltd](https://www.sectoralpha.in/stocks/workmates-core2cloud-solution-ltd) Too little evidence to rank firmly · 26% evidence 51.3 out of 100 Growth Capital Valuation Relative
64. [Trident Techlabs Ltd](https://www.sectoralpha.in/stocks/trident-techlabs-ltd) TECHLABS · Too little evidence to rank firmly · 27% evidence 47.5 out of 100 Growth Capital Valuation Relative
65. [ERP Soft Systems Ltd](https://www.sectoralpha.in/stocks/erp-soft-systems-ltd) Too little evidence to rank firmly · 36% evidence 46.7 out of 100 Growth Capital Valuation Relative
66. [Sancode Technologies Ltd](https://www.sectoralpha.in/stocks/sancode-technologies-ltd) Too little evidence to rank firmly · 35% evidence 46.5 out of 100 Growth Capital Valuation Relative
67. [63 Moons Technologies Ltd](https://www.sectoralpha.in/stocks/63-moons-technologies-ltd) 63MOONS · leader · Too little evidence to rank firmly · 46% evidence 45.6 out of 100 Growth Capital Valuation Relative
68. [XT Global Infotech Ltd](https://www.sectoralpha.in/stocks/xt-global-infotech-ltd) XTGLOBAL · Too little evidence to rank firmly · 40% evidence 45.4 out of 100 Growth Capital Valuation Relative
69. [IDream Film Infrastructure Company Ltd](https://www.sectoralpha.in/stocks/idream-film-infrastructure-company-ltd) quiet · Too little evidence to rank firmly · 42% evidence 34.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [IT - Software](https://www.sectoralpha.in/sectors/it-software), all 69 compared on one page. ## Which companies are close to TCS in size? TCS is the largest of 68 IT - Software companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Infosys, HCL Technologies, Wipro, Tech Mahindra, LTM and Coforge. ### IT - Software companies close in size

1. Tata Consultancy Services Ltd ₹9,05,463 crore
2. [Infosys Ltd](https://www.sectoralpha.in/stocks/infosys-ltd) ₹4,80,908 crore
3. [HCL Technologies Ltd](https://www.sectoralpha.in/stocks/hcl-technologies-ltd) ₹3,87,539 crore
4. [Wipro Ltd](https://www.sectoralpha.in/stocks/wipro-ltd) ₹1,96,439 crore
5. [Tech Mahindra Ltd](https://www.sectoralpha.in/stocks/tech-mahindra-ltd) ₹1,75,535 crore
6. [LTM Ltd](https://www.sectoralpha.in/stocks/ltm-ltd) ₹1,25,583 crore
7. [Coforge Ltd](https://www.sectoralpha.in/stocks/coforge-ltd) ₹90,606 crore

[All 68 IT - Software companies, largest first](https://www.sectoralpha.in/sectors/it-software#all-companies)

### Companies close in size in other industries

1. [HDFC Bank Ltd](https://www.sectoralpha.in/stocks/hdfc-bank-ltd) ₹10,68,834 crore · Banks - Private
2. [ICICI Bank Ltd](https://www.sectoralpha.in/stocks/icici-bank-ltd) ₹10,03,901 crore · Banks - Private
3. Tata Consultancy Services Ltd ₹9,05,463 crore
4. [State Bank of India](https://www.sectoralpha.in/stocks/state-bank-of-india) ₹8,87,861 crore · Banks - PSU
5. [Bajaj Finance Ltd](https://www.sectoralpha.in/stocks/bajaj-finance-ltd) ₹5,84,679 crore · Conglomerate Backed NBFC

## What else do people ask about TCS? ### What is TCS's share price today? Tata Consultancy Services Ltd's share price is ₹2,436.00, −18.6% over the past year. The whole company is worth ₹8,81,226 Cr on the market. In the last 52 weeks it traded between ₹1,983 to ₹3,282; today it is 35% of the way up from the low, 1.2% below its 200-day average (as of 4 November 2026). ### What were TCS's latest quarterly results? Tata Consultancy Services Ltd reported revenue of ₹73,188 Cr and net profit of ₹13,934 Cr for the Sep 2026 quarter. Revenue rose 11.2% and profit rose 14.9% compared with a year earlier. Earnings per share were ₹38.37. The operating margin was 26.0%, 1.0 percentage points lower than a year earlier (as of 4 November 2026). ### What is TCS's market cap? Tata Consultancy Services Ltd's market capitalisation is ₹8,81,226 Cr at a share price of ₹2,436.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is TCS performing? Tata Consultancy Services Ltd's share price has been falling for 88 weeks. In its latest quarter, revenue rose 11.2% and profit rose 14.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 15 weeks running (as of 4 November 2026). ### Will TCS's share price go up? This page does not forecast Tata Consultancy Services Ltd's share price. What it shows instead: the share price is ₹2,436.00, and it has been falling for 88 weeks. Its P/E of 16.2× is higher than 5% of its own last 11 years (as of 4 November 2026). ### Does TCS have too much debt? No, Tata Consultancy Services Ltd has little debt: its debt is 0.11× its equity, and its operating profit is 59 times its interest bill. FY26 borrowings were ₹11,283 Cr against equity of ₹1,07,240 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is TCS in its business cycle? Tata Consultancy Services Ltd's FY26 operating margin was 27.0%, against a 13-year range of 26.0% to 31.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 26.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the TCS story? The main question: foreign institutions moved −3.7 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is TCS a stock worth studying right now? What the numbers show: Tata Consultancy Services Ltd's earnings have grown faster than its share price. Earnings per share grew +1.3% in a year while the price moved −18.6%. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a TCS share price forecast for 2026? What management itself guided: Long-term operating-margin aspiration remains 26-28%; near-term aim is to inch up while prioritizing growth spending. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- AI & data centre stocks: https://www.sectoralpha.in/ai-stocks-india
- IT stocks: https://www.sectoralpha.in/sectors/it-stocks-india

This is research, not advice. We’re not SEBI-registered.