Delivers IT services, consulting, and business solutions to global enterprises, organised across six industry verticals. In FY26, Banking, Financial Services and Insurance was the largest at 38.7% of segment revenue (₹103,363 cr), followed by Consumer Business at 15.9% (₹42,432 cr), Communication, Media and Technology at 14.8% (₹39,474 cr), Life Sciences and Healthcare at 10.4% (₹27,745 cr), Others at 10.3% (₹27,393 cr) and Manufacturing at 10.0% (₹26,614 cr). Each vertical offers application development, modernisation, infrastructure management, and AI-led transformation work to enterprises in that industry. The business is people-intensive, with employee costs at 58% of revenue, and operates with a global workforce (593,798 at end of Q1 FY27 across 149 nationalities). AI services revenue was annualised at US$2.6B in Q1 FY27 across more than 5,500 engagements, supported by partnerships with Anthropic, Mistral AI, ServiceNow, Google Cloud, NVIDIA and AMD, and a 1 GW HyperVault AI infrastructure build-out anchored by a 100 MW OpenAI commitment. Q1 FY27 revenue stood at ₹72,275 cr with operating margin at 24%, compressed by 170 bps from annual wage hikes; the FY26 full-year operating margin reached a four-year high of 25%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Banking, Financial Services and Insurance (39%), Consumer Business (16%), Communication, Media and Technology (15%), Life Sciences and Healthcare (10%), Manufacturing (10%), Others (10%). People-intensive, asset-light IT services business pivoting toward AI-led transformation and infrastructure.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,91,754 | 2,25,458 | 2,40,893 | 2,55,324 | 2,67,021 |
| EBITDA (ex other income) | 53,057 | 59,259 | 63,338 | 67,407 | 67,872 |
| margin % | 27.7 | 26.3 | 26.3 | 26.4 | 25.4 |
| Owners' profit | 38,327 | 42,147 | 45,908 | 48,553 | 49,210 |
| EPS, as reported (₹) | 103.62 | 115.19 | 125.88 | 134.19 | 136.01 |
| ROE % · ROCE % | 42.8 · 52.9 | 46.4 · 57.6 | 50.5 · 62.6 | 51.0 · 62.0 | 45.6 · 54.9 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 39,949 | 41,965 | 44,338 | 48,908 | 52,094 |
| Capex | (2,483) | (2,532) | (2,202) | (2,917) | (3,670) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 64,259 | 63,973 | 64,479 | 63,437 | 65,799 | 67,087 | 70,698 | 72,275 |
| Profit before tax | 16,032 | 16,666 | 16,402 | 16,979 | 16,068 | 14,078 | 18,362 | 17,944 |
| Net profit | 11,955 | 12,444 | 12,293 | 12,819 | 12,131 | 10,720 | 13,784 | 13,420 |
| EPS (₹) | 32.92 | 34.21 | 33.79 | 35.27 | 33.37 | 29.45 | 37.92 | 36.90 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Banking, Financial Services and Insurance | 1,03,363 | 38.7 |
| Manufacturing | 26,614 | 10.0 |
| Consumer Business | 42,432 | 15.9 |
| Communication, Media and Technology | 39,474 | 14.8 |
| Life Sciences and Healthcare | 27,745 | 10.4 |
| Others | 27,393 | 10.3 |
| Total, before eliminations | 2,67,021 | 100.0 |
| Company |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · TCS launches India's first lights-out factory lab in Pune | business updates | high | — | — |
| 8 Sept 2026 · TCS wins Rs 122 crore Odisha AI governance platform deal | business updates | high | — | — |
| 7 Sept 2026 · TCS opens AI-native creative engineering studio in London | compliance | low | — | — |
| 5 Sept 2026 · TCS subsidiary HyperVault to set up Rs 70,000 cr AI data center in Hyderabad | capex operations | high | — | — |
| 3 Sept 2026 · TCS partners with METRO AG to harmonise global IT applications | compliance | low | — | — |
| 26 Aug 2026 · Schedule of Analyst/Investor Meetings for September 2026 | board shareholder meetings | low | — | — |
| 24 Aug 2026 · TCS bags EUR 1.25 billion 5-year AI deal with Porsche AG | business updates | high | — | — |
| 24 Aug 2026 · TCS to acquire Porsche's IT consulting unit MHP for 320 million euros | compliance | low | — | — |
| 24 Aug 2026 · TCS to acquire Porsche's IT arm MHP for 320 million euros | strategic transactions | high | — | — |
| 17 Aug 2026 · TCS launches AI platform TCS ADD AgentHub for pharma drug development | business updates | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| M.cap ₹ cr |
|---|
| P/E |
|---|
| P/B |
|---|
| EV/EBITDA |
|---|
| ROE % |
|---|
| ROCE % |
|---|
| Rev CAGR 5y % |
|---|
| EBITDA m. % |
|---|
| TATA CONSULTANCY SERV LT ◆ | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,51,018 | 26.6 | 5.02 | 16.9 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 16.0 | 16.6 | 33 of 71 | 54% |
| P/B | 7.3 | 2.9 | 56 of 64 | 13% |
| ROCE | 53.9 | 14.2 | 2 of 78 | 99% |
| ROE | 45.6 | 11.5 | 2 of 67 | 99% |
| Debt / Equity | 0.0 | 0.0 | 4 of 68 | 64% |
| EBITDA margin | 26.9 | 18.4 | 12 of 65 | 83% |
| Revenue growth | 13.9 | 10.6 | 28 of 63 | 57% |
| Profit growth | 4.7 | 6.7 | 32 of 62 | 49% |
| Market cap | 796690 | 475 | 1 of 75 | 100% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
