ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Technology Services

TATA CONSULTANCY SERVICES LTD

  • 2,015.50 INR
  • +10.85
  • +0.54%
  • India
    Mar 22, 2019
  • Ticker
    BOM(532540)
  • Prev. close
    2,004.65
  • Market cap (INR)
    7,522.22B
  • Market cap (USD)
    109,073M
  • Shares
    3,752.38M

Company Background

Tata Consultancy Services is a leader in India's information technology services sector and has the highest market capitalization among the country's listed companies. The key unit of the Tata group, one of India's three iconic business groups, has 300,000 employees and serves clients in more than 40 countries. It generates over 90% of its consolidated revenue abroad. Tata Sons, the Tata group holding company, is the consultancy's largest shareholder, with a stake exceeding 70%.

Tata Consultancy Services is also something of a cash cow -- one whose earnings are poured into the group's coffers. It first began tasting success before the turn of the century, back when India was transforming itself into an IT services powerhouse. In the late 1990s, computer users -- companies, governments and individuals alike -- began worrying about something that became known as the Y2K problem. It was thought that when the calendar turned over to 2000, Windows computers would default to 1900 and financial calculations would go haywire. Indian IT and outsourcing companies began receiving floods of orders from foreign companies at this time.

Tata Consultancy Services has seen more than an eightfold increase in consolidated revenues since 2004, when the company went public. It has recently shifted its focus to upgrading its main services, such as developing specialized software for clients and taking on business process outsourcing work. It is also strengthening its development systems for a new generation of information technologies, including cloud services as well as social media and big data analysis.

Business Summary

Tata Consultancy Services Ltd. is an IT services, business solutions and outsourcing organization. The firm offers consulting-led, integrated portfolio of IT and IT-enabled services which includes application development and maintenance, business intelligence, enterprise solutions, assurance services, engineering and industrial services, infrastructure services, consulting, asset leveraged Solutions and business process services. It operates through the following segments: Banking, Financial Services, & Insurance; Manufacturing; Retail & Consumer Business; Communication, Media, & Technology; and Others. The company was founded in 1968 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2018 INRUSD
Revenue1,231.04B19,095.94M
Gross Profit388,220M6,022.08M
Operating income305,020M4,731.48M
Income before tax340,920M5,288.36M
Net income258,260M4,006.13M
EBITDA325,160M5,043.89M
Diluted EPS67.091.04
Dividends Per Share250.38
Total Assets1,062.96B16,297.64M
Total liabilities207,660M3,183.90M
Total equity851,280M13,052.09M
Operating cash flow276,590M4,290.47M
Currency in INRCurrency in USD

Historical Data

 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 818,093.60M 946,484.10M 1,086.46B 1,179.66B 1,231.04B
Gross Profit 306,346.90M 302,468.90M 363,350M 382,680M 388,220M
Operating income 238,035.10M 226,840.50M 287,890M 303,240M 305,020M
Income before tax 254,017.30M 262,981.20M 318,400M 345,130M 340,920M
Net income 191,638.70M 198,521.80M 242,700M 262,890M 258,260M
EBITDA 251,526.60M 244,827.40M 306,770M 323,110M 325,160M
Diluted EPS 48.83 50.67 61.58 66.71 67.09
Dividends Per Share 16 19.50 21.75 23.50 25
Total Assets 671,377.80M 736,608.80M 890,960M 1,032.52B 1,062.96B
Total liabilities -- 218,983.60M 176,690M 166,720M 207,660M
Total equity 491,947.60M 506,347.60M 710,720M 862,140M 851,280M
Operating cash flow 160,903.20M 212,676.90M 209,160M 269,920M 276,590M
 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 13,536.92M 15,479.72M 16,594.56M 17,591.88M 19,095.94M
Gross Profit 5,069.09M 4,946.87M 5,549.79M 5,706.78M 6,022.08M
Operating income 3,938.74M 3,709.97M 4,397.22M 4,522.11M 4,731.48M
Income before tax 4,203.20M 4,301.05M 4,863.23M 5,146.81M 5,288.36M
Net income 3,171.02M 3,246.82M 3,706.99M 3,920.39M 4,006.13M
EBITDA 4,161.98M 4,004.14M 4,685.59M 4,818.43M 5,043.89M
Diluted EPS 0.80 0.82 0.94 0.99 1.04
Dividends Per Share 0.26 0.31 0.33 0.35 0.38
Total Assets 11,241.62M 11,770.43M 13,454.03M 15,900.82M 16,297.64M
Total liabilities -- 3,499.18M 2,668.12M 2,567.49M 3,183.90M
Total equity 8,237.22M 8,091.04M 10,732.30M 13,276.96M 13,052.09M
Operating cash flow 2,662.45M 3,478.32M 3,194.70M 4,025.22M 4,290.47M

Valuation Measures

Mar 2018
PER21.23
ROA24.64%
ROE30.14%
Operating margin24.77%
Profit margin20.97%

Key executives

  • Chief Executive Officer, MD & Executive Director: Rajesh Gopinathan
  • Chief Operating Officer & Executive Director: N. Ganapathy Subramaniam
  • Chief Financial Officer: Ramki Ramakrishnan
  • Chief Technology Officer: K. Ananth Krishnan
  • Head-Business & Technology Services: Krishnan Ramanujam

Shareholders

  • Tata Sons Ltd. (72.0%)
  • Life Insurance Corp. of India (4.0%)
  • The Vanguard Group, Inc. (0.8%)
  • BlackRock Fund Advisors (0.7%)
  • First State Investment Management (UK) Ltd. (0.7%)
  • SBI Funds Management Pvt Ltd. (0.5%)
  • Axis Asset Management Co. Ltd. (0.4%)
  • OppenheimerFunds, Inc. (0.4%)
  • JPMorgan Asset Management (UK) Ltd. (0.3%)
  • Vontobel Asset Management, Inc. (0.3%)

Contact Details

  • Website:http://www.tcs.com
  • Address: Nirmal Building, Nariman Point, Mumbai, 400021, India
  • Phone: +91 22 6778-9595

Related Companies

  • W12 Studios Ltd.
  • Tata Consultancy Services Ltd. (United Kingdom)
  • TCS Foundation
  • Tata Consultancy Services Portugal
  • BridgePoint Group LLC
  • Tata Consultancy Services (New Jersey)
  • Tata Consultancy Services (Philippines), Inc.
  • Tata Consultancy Services de Espana SA
  • Tata Consultancy Services Sucursal Del Peru
  • SUPERVALU Services India Pvt Ltd.
  • Tata Consultancy Services Italia SRL
  • Tata Consultancy Services Ltd. Filial I Finland
  • Tata Consultancy Services Netherlands BV
  • Tata Consulting Services
  • Tata Research Development & Design Centre
  • TCSJohnHuxley Ltd.
  • TCS do Brasil
  • Diligenta Ltd.
  • TCS Management Pty Ltd.
  • Tata Consultancy Services Switzerland Ltd.
  • Tata Consultancy Services Asia Pacific Pte Ltd.
  • Comicrom
  • Financial Network Services Pty Ltd.
  • Tata America International Corp.
  • WTI Advanced Technology Ltd.
  • TCS e-Serve Ltd.
  • Aviation Software Development Consultancy Ltd.
  • Airline Financial Support Services India Pvt Ltd.
  • Alti SA
  • Tata Infotech Ltd.

Competitors

  • Capgemini SE
  • Virtusa Corporation
  • Cognizant Technology Solutions Corporation Class A
  • Atos SE
  • Sopra Steria Group SA
  • Infotel SA
  • NetSol Technologies, Inc.
  • EPAM Systems, Inc.
  • Perficient, Inc.
  • Sify Technologies Limited Sponsored ADR
  • Amdocs Limited
  • Globant SA
  • Grana y Montero SAA
  • Cigniti Technologies Limited
  • Intellect Design Arena Ltd
  • AMERI Holdings, Inc.
  • Optiva Inc.
  • Endava Plc Sponsored ADR Class A
  • Mastech Digital, Inc.
  • Addnode Group AB Class B
  • Altran Technologies SA
  • Guidewire Software, Inc.
  • Majesco
  • ExlService Holdings, Inc.
  • CLPS, Inc.
  • Gaming Partners International Corporation
  • Teleperformance SE
  • WNS (Holdings) Limited Sponsored ADR
Last Updated on 22 Mar, 2019

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media