Valuation Tata Consultancy Services Ltd.

Equities

TCS

INE467B01029

IT Services & Consulting

Market Closed - NSE India S.E. Other stock markets 06:49:39 2025-01-16 am EST			5-day change	1st Jan Change
4,206.30 ^INR	-1.02%		+4.15%	+2.72%

Jan. 16	India's Infosys beats Q3 revenue view, raises full-year forecast	RE
Jan. 13	Indian Equities Tumble on Monday on Domestic Corporate Earnings Worries, Fewer US Rate Cuts	MT

Company Valuation: Tata Consultancy Services Ltd.

Data adjusted to current consolidation scope

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	6,852,230	11,755,030	13,684,669	11,730,553	14,024,793	15,218,762	-	-
Change	-	71.55%	16.42%	-14.28%	19.56%	8.51%	-	-
Enterprise Value (EV) ¹	6,548,500	11,421,230	13,249,619	11,300,103	13,657,333	14,687,146	14,589,192	14,476,331
Change	-	74.41%	16.01%	-14.71%	20.86%	7.54%	-0.67%	-0.77%
P/E ratio	21.2x	36.6x	36.1x	27.8x	30.8x	30.9x	27.8x	25.1x
PBR	8.14x	13.8x	15.4x	13x	15.5x	15.2x	14x	12.7x
PEG	-	60.66x	1.9x	2.5x	3.32x	3.79x	2.5x	2.4x
Capitalization / Revenue	4.37x	7.16x	7.14x	5.2x	5.82x	5.94x	5.54x	5.08x
EV / Revenue	4.17x	6.96x	6.91x	5.01x	5.67x	5.74x	5.31x	4.83x
EV / EBITDA	15.6x	24.5x	25x	19.1x	21.2x	21.5x	19.3x	17.4x
EV / EBIT	17x	26.9x	27.3x	20.8x	23x	23.3x	20.9x	18.8x
EV / FCF	22x	31.7x	35.4x	28.7x	32.4x	30.6x	27.9x	24.9x
FCF Yield	4.56%	3.16%	2.83%	3.49%	3.09%	3.27%	3.59%	4.02%
Dividend per Share ²	73	38	43	115	73	114.9	117.4	133.1
Rate of return	4%	1.2%	1.15%	3.59%	1.88%	2.73%	2.79%	3.16%
EPS ²	86.19	86.71	103.6	115.2	125.9	136.1	151.5	167.6
Distribution rate	84.7%	43.8%	41.5%	99.8%	58%	84.4%	77.5%	79.4%
Net sales ¹	1,569,490	1,641,770	1,917,540	2,254,580	2,408,930	2,560,201	2,749,096	2,994,305
EBITDA ¹	421,090	465,460	530,570	592,590	642,960	684,582	754,860	830,329
EBIT ¹	385,800	424,810	484,530	542,370	593,110	629,489	697,913	769,525
Net income ¹	323,400	324,300	383,270	421,470	459,080	492,871	548,823	605,612
Net Debt ¹	-303,730	-333,800	-435,050	-430,450	-367,460	-531,615	-629,570	-742,431
Reference price ²	1,826.10	3,177.85	3,739.95	3,205.90	3,876.30	4,206.30	4,206.30	4,206.30
Nbr of stocks (in thousands)	3,752,385	3,699,051	3,659,051	3,659,051	3,618,088	3,618,088	-	-
Announcement Date	4/16/20	4/12/21	4/11/22	4/12/23	4/12/24	-	-	-

¹INR in Million²INR

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield	Capi. ($)
TATA CONSULTANCY SERVICES LTD.	31.22x	5.8x	21.68x	+2.70%	178B
ACCENTURE PLC	27.31x	3.14x	16.21x	+1.66%	219B
IBM	30.04x	3.87x	15.21x	+3.03%	203B
AUTOMATIC DATA PROCESSING, INC.	29.51x	5.61x	19.28x	+2.02%	120B
INFOSYS LIMITED	30.56x	4.74x	19.83x	+2.57%	93.46B
CROWDSTRIKE HOLDINGS, INC.	1071.92x	21.76x	84.65x	-.--%	89.17B
RELX PLC	36.11x	8.1x	20.7x	+1.63%	86.89B
THE TRADE DESK, INC.	159.81x	23.31x	55.94x	-.--%	59.07B
HCL TECHNOLOGIES LIMITED	28.59x	4.02x	18.35x	+3.17%	57.23B
SNOWFLAKE INC.	-43.57x	14.43x	151.31x	-.--%	54.7B
Average	140.15x	9.48x	42.32x	+1.68%	116.02B
Weighted average by Cap.	113.29x	7.46x	31.58x	+1.95%