Tata Consultancy Services Ltd.

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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 information technology services, consulting, and business solutions organization. The firm offers a consulting-led, cognitive powered, portfolio of business, technology, and engineering services and solutions. It operates through the following segments: Banking, Financial Services, and Insurance; Manufacturing; Retail and Consumer Business; Communication; Media and Technology; and Others, such as energy, resources and utilities, life sciences and healthcare, s-governance, and products. The company was founded in April 1968 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2022	INR	USD
Revenue	1,917.54B	25,735.46M
Gross Profit	610,240M	8,190.08M
Operating income	484,530M	6,502.91M
Income before tax	516,870M	6,936.95M
Net income	383,270M	5,143.89M
EBITDA	530,570M	7,120.82M
Diluted EPS	103.61	1.39
Dividends Per Share	43	0.57
Total Assets	1,415.14B	18,675.55M
Total liabilities	516,680M	6,818.60M
Total equity	891,390M	11,763.64M
Operating cash flow	419,550M	5,630.81M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	1,231.04B	1,464.63B	1,569.49B	1,641.77B	1,917.54B
Gross Profit	385,240M	525,610M	526,260M	536,220M	610,240M
Operating income	302,040M	376,700M	385,800M	424,810M	484,530M
Income before tax	340,920M	415,630M	422,480M	437,600M	516,870M
Net income	258,260M	314,720M	323,400M	324,300M	383,270M
EBITDA	322,180M	397,260M	421,090M	465,460M	530,570M
Diluted EPS	67.09	83.04	86.18	86.70	103.61
Dividends Per Share	25	30	33	38	43
Total Assets	1,062.96B	1,149.43B	1,208.99B	1,307.59B	1,415.14B
Total liabilities	207,660M	250,440M	361,500M	436,510M	516,680M
Total equity	851,280M	894,460M	841,260M	864,330M	891,390M
Operating cash flow	276,590M	310,440M	351,820M	409,060M	419,550M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	19,095.94M	20,940.42M	22,134.80M	22,115.84M	25,735.46M
Gross Profit	5,975.85M	7,514.86M	7,421.93M	7,223.27M	8,190.08M
Operating income	4,685.25M	5,385.83M	5,441.00M	5,722.50M	6,502.91M
Income before tax	5,288.36M	5,942.43M	5,958.31M	5,894.79M	6,936.95M
Net income	4,006.13M	4,499.68M	4,560.96M	4,368.55M	5,143.89M
EBITDA	4,997.66M	5,679.79M	5,938.70M	6,270.08M	7,120.82M
Diluted EPS	1.04	1.18	1.21	1.16	1.39
Dividends Per Share	0.38	0.42	0.46	0.51	0.57
Total Assets	16,297.64M	16,592.27M	15,981.09M	17,884.32M	18,675.55M
Total liabilities	3,183.90M	3,615.15M	4,778.50M	5,970.28M	6,818.60M
Total equity	13,052.09M	12,911.72M	11,120.23M	11,821.71M	11,763.64M
Operating cash flow	4,290.47M	4,438.49M	4,961.78M	5,510.33M	5,630.81M

Valuation Measures

Mar 2022
PER	36.08
ROA	28.15%
ROE	43.65%
Operating margin	25.26%
Profit margin	19.98%

Key executives

CEO, MD & Non-Independent Executive Director: Rajesh Gopinathan
COO & Non-Independent Executive Director: N. Ganapathy Subramaniam
Chief Financial Officer: Samir Seksaria
Chief Technology Officer: K. Ananth Krishnan
Secretary & Compliance Officer: Pradeep Manohar Gaitonde

Shareholders

Tata Sons Pvt Ltd. (72.9%)
Life Insurance Corporation of India (Investment Portfolio) (3.6%)
Exide Life Insurance Co. Ltd (1.1%)
The Vanguard Group, Inc. (0.8%)
Invesco Advisers, Inc. (0.8%)
SBI Funds Management Pvt Ltd. (0.7%)
BlackRock Fund Advisors (0.6%)
Axis Asset Management Co. Ltd. (0.5%)
GIC Pte Ltd. (Investment Management) (0.3%)
UTI Asset Management Co. Ltd. (Investment Management) (0.3%)

Contact Details

Website:http://www.tcs.com
Address: Nirmal Building, Nariman Point, Mumbai, 400021, India
Phone: +91.22.67789595

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Last Updated on 10 Aug, 2022