Valuation Tata Consultancy Services Ltd.

Equities

TCS

INE467B01029

IT Services & Consulting

Market Closed - NSE India S.E. Other stock markets 12:05:10 15/05/2026 BST			5-day change	1st Jan Change
2,264.00 ^INR	+0.80%		-5.45%	-29.39%

05-16	Why India's Tata Sons is under pressure to list as trust divisions emerge	RE
05-15	India charity commissioner orders Tata Trusts to defer board meeting amid probe, document shows	RE

Company Valuation: Tata Consultancy Services Ltd.

Data adjusted to current consolidation scope

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Capitalization ¹	13,684,669	11,730,553	14,024,793	13,047,366	8,534,707	8,191,350	-	-
Change	-	-14.28%	19.56%	-6.97%	-34.59%	-4.02%	-	-
Enterprise Value (EV) ¹	13,249,619	11,300,103	13,657,333	12,679,766	8,180,757	7,708,092	7,592,045	7,539,423
Change	-	-14.71%	20.86%	-7.16%	-35.48%	-5.78%	-1.51%	-0.69%
P/E ratio	36.1x	27.8x	30.8x	26.9x	17.3x	14.5x	13.7x	12.8x
PBR	15.4x	13x	15.5x	13.8x	7.96x	7.07x	6.58x	6.2x
PEG	-	2.5x	3.32x	4.07x	12.76x	1x	2.37x	1.8x
Capitalization / Revenue	7.14x	5.2x	5.82x	5.11x	3.2x	2.83x	2.69x	2.56x
EV / Revenue	6.91x	5.01x	5.67x	4.97x	3.06x	2.66x	2.49x	2.35x
EV / EBITDA	25x	19.1x	21.2x	18.8x	11.3x	9.81x	9.12x	8.62x
EV / EBIT	27.3x	20.8x	23x	20.4x	12.2x	10.6x	9.91x	9.38x
EV / FCF	35.4x	28.7x	32.4x	27.6x	16.9x	14.7x	13.3x	12.6x
FCF Yield	2.83%	3.49%	3.09%	3.63%	5.92%	6.82%	7.52%	7.91%
Dividend per Share ²	43	115	73	126	110	129.9	138.5	154
Rate of return	1.15%	3.59%	1.88%	3.49%	4.66%	5.74%	6.12%	6.8%
EPS ²	103.6	115.2	125.9	134.2	136	155.9	164.9	176.6
Distribution rate	41.5%	99.8%	58%	93.9%	80.9%	83.4%	84%	87.2%
Net sales ¹	1,917,540	2,254,580	2,408,930	2,553,240	2,670,210	2,896,307	3,048,891	3,204,774
EBITDA ¹	530,570	592,590	642,960	674,070	723,980	785,442	832,034	874,480
EBIT ¹	484,530	542,370	593,110	621,650	668,380	724,760	765,981	804,097
Net income ¹	383,270	421,470	459,080	485,530	492,100	564,160	597,133	641,058
Net Debt ¹	-435,050	-430,450	-367,460	-367,600	-353,950	-483,258	-599,305	-651,927
Reference price ²	3,739.95	3,205.90	3,876.30	3,606.15	2,358.90	2,264.00	2,264.00	2,264.00
Nbr of stocks (in thousands)	3,659,051	3,659,051	3,618,088	3,618,088	3,618,088	3,618,088	-	-
Announcement Date	11/04/22	12/04/23	12/04/24	10/04/25	09/04/26	-	-	-

¹INR in Million²INR

Estimates

P/E ratio, 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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
TATA CONSULTANCY SERVICES LTD.	14.53x	2.66x	9.81x	5.74%	85.38B
IBM	21.56x	3.55x	12.4x	3.08%	206B
ACCENTURE PLC	12.54x	1.33x	7x	3.85%	104B
AUTOMATIC DATA PROCESSING, INC.	19.36x	3.96x	13.48x	3.06%	85.74B
RELX PLC	19.13x	5.02x	12.39x	2.99%	57.17B
SNOWFLAKE INC.	-55.96x	8.66x	56.32x	-.--%	54.37B
INFOSYS LIMITED	14.53x	2.14x	8.96x	5.29%	47.2B
FUJITSU LIMITED	12.76x	1.46x	10x	1.27%	35.17B
NEC CORPORATION	21.47x	1.46x	10.4x	0.81%	33.47B
HCL TECHNOLOGIES LIMITED	15.43x	1.97x	9.15x	5.6%	31.94B
Average	9.53x	3.22x	14.99x	3.17%	74.02B
Weighted average by Cap.	12.21x	3.32x	14.13x	3.32%