How has Tata Consultancy Services Ltd. (TCS) been performing? We dig into revenue, profitability, valuation, and ownership trends.
TCS Revenue Trend
Tata Consultancy Services Ltd. managed to grow its top line 4.7% in FY2026, with revenue hitting ₹2,71,423 Cr.
Over the past 10 years, revenue has grown at a 9.6% CAGR, from ₹1,08,646 Cr to ₹2,71,423 Cr. Decent growth, though not exceptional.
In terms of scale, Tata Consultancy Services Ltd.'s ₹2,71,423 Cr in annual revenue positions it as a major computers - software company.
The consistency stands out: 10 consecutive years of growth in top-line revenue.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹2,71,423 Cr | +4.7% |
| FY2025 | ₹2,59,286 Cr | +5.7% |
| FY2024 | ₹2,45,315 Cr | +7.2% |
| FY2023 | ₹2,28,907 Cr | +16.9% |
| FY2022 | ₹1,95,772 Cr | — |
View Tata Consultancy Services Ltd.'s full 10-year revenue trend with CAGR analysis →
TCS Profitability
Earnings came in strong at ₹49,454 Cr for FY2026, marking a 1.3% gain over the ₹48,797 Cr posted in FY2025.
Margin pressure was evident, with net margin declining to 18.2% from 18.8%.
On an EPS basis, the company earned ₹136.01 (diluted) in FY2026 versus ₹134.19 in FY2025.
Is TCS Undervalued
Per the P/E Ratio model, Tata Consultancy Services Ltd. has an estimated intrinsic value of ₹4,224 (93.6% upside).
Tata Consultancy Services Ltd. shares are currently trading at ₹2,181.50.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹4,224 | 93.6% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Tata Consultancy Services Ltd. with detailed assumptions →
TCS Shareholding Pattern
Promoters continue to hold 71.8% of the company, unchanged over recent quarters.
The FII stake is at 9.7% as of March 2026, compared to 11.5% in the year-ago period.
DII holding is at 13.4%, up from 12.0% in the year-ago quarter.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 71.8% | 9.7% | 13.4% | 5.2% |
| Dec 2025 | 71.8% | 10.4% | 12.9% | 5.0% |
| Sep 2025 | 71.8% | 10.3% | 12.7% | 5.2% |
| Jun 2025 | 71.8% | 11.5% | 12.0% | 4.8% |
Track quarterly shareholding changes for Tata Consultancy Services Ltd. →
TCS Balance Sheet
Proportional view as of 13 Jul 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹1,823.72B at the end of FY2026, up 14.2% from ₹1,596.29B a year earlier.
Other Assets is the largest block at 33.6%, followed by Receivables at 31.6% and Cash & ST Investments at 22.0%.
Equity makes up 59.5% of liabilities and equity, with debt at 6.2% and operating liabilities at 34.3%. Over the year, debt is up 20.1% and equity is up 13.3%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 401.87B |
| Receivables | 576.30B |
| Inventories | 290.00M |
| Property, Plant & Equipment | 136.97B |
| Investments | 2.18B |
| Intangibles & Goodwill | 92.84B |
| Other Assets | 613.27B |
| Category | Value |
|---|---|
| Equity | 1,084.78B |
| Short-term Debt | 18.30B |
| Long-term Debt | 94.53B |
| Trade Payables | 148.08B |
| Other Liabilities | 478.03B |
TCS — The Bottom Line
In summary, Tata Consultancy Services Ltd. (TCS) presents the following picture for fundamental analysts.
Revenue of ₹2,71,423 Cr in FY2026, up 4.7% year-over-year.
Long-term revenue has been compounding at 9.6% annually over 10 years.
The company is profitable, with a net margin of 18.2% and net income of ₹49,454 Cr.
The P/E Ratio model implies 93.6% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Get the complete view of Tata Consultancy Services Ltd. on Craytheon — 10 years of financials, three valuation models, and institutional holding trends.