Given the abundant liquidity in the global markets, there had been little scope of gain due to moves in currency markets. With some signs of weakness in rupee, will currency gains make a comeback in Q2 of FY22, needs to be watched.
Majority verticals continue to grow growth. Deal pipeline to remain strong in near term clear. Attrition rate though higher but still below historical levels and better than peers. What needs to be watched, growth in consulting business. If it higher than expected. it would be a long term positive as revenue from existing clients would see a spike.
As with other IT companies, everyone would be watching with interest what the new US administration would be doing on the H1-B visa issue, which was squeezed by the earlier administration, even though the IT sector has learnt to live with the changes.
Meeting Agenda: Quarterly Results & 2nd Interim Dividend. Please add to watchlist to track closely.
PE Ratio
This is a ratio arrived at by dividing the current market price of a stock by its latest (annual or annualized) earnings per share. Here we have taken the TTM (trailing twelve months) adjusted earnings per share.
EPS - TTM
Earnings per share (TTM) tells the profit after tax earned on a per share basis by a stock over the last twelve months or four quarters.
MCap
MCap or Market capitalization of a stock is calculated by multiplying the total number of shares outstanding of that particular stock with its current market price.
Sectoral MCap Rank
This is the ranking of a company within its sector based on MCap or Market capitalization. Higher the market capitalization of a company, higher the rank it is assigned.
PB Ratio
Price to Book represents the ratio of current market price of a stock to its book value per share. The book value itself is arrived at by dividing the net worth of a company by the total number of shares outstanding of the company at that time.
Dividend Yield
Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock. All other things being equal, higher the dividend yield of the stock, the better it is for investors.
Face Value
Face value of a stock is the value ascribed to the stock as per the balance sheet of the company. The dividend declared by a company is usually declared as a percentage of face value.
Beta
| 1 Month | 0.04 |
| 3 Months | 0.33 |
| 6 Months | 0.40 |
| 1 Year | 0.40 |
| 3 Years | 0.31 |
VWAP
Volume Weighted Average Price represents the average price of a security over a particular time period (example one trading day) weighted by the volume traded at each price point.
52W H/L
This represents the 52 week high and low price of the security. It is also the 1 year high and low of the security. This represents the highest and lowest price touched by the security during the past 52 weeks or 1 year including today.
Current
Mean Recos by 43 Analysts
| Ratings | Current | 1 Week Ago | 1 Month Ago | 3 Months Ago |
|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 5 |
| Buy | 20 | 21 | 21 | 19 |
| Hold | 12 | 12 | 12 | 13 |
| Sell | 3 | 3 | 3 | 4 |
| Strong Sell | 2 | 2 | 2 | 2 |
| # Analysts | 43 | 44 | 44 | 43 |
Employee & Interest Expense
Company has spent less than 1% of its operating revenues towards interest expenses and 55.92% towards employee cost in the year ending Mar 31, 2021. (Source: Consolidated Financials)| Quarterly | Annual | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 |
|---|---|---|---|---|---|
| Total Income | 46,132.00 | 44,636.00 | 42,706.00 | 41,049.00 | 38,920.00 |
| Total Income Growth (%) | 3.35 | 4.52 | 4.04 | 5.47 | -4.34 |
| Total Expenses | 33,823.00 | 31,971.00 | 30,831.00 | 30,838.00 | 29,274.00 |
| Total Expenses Growth (%) | 5.79 | 3.70 | -0.02 | 5.34 | -2.16 |
| EBIT | 12,309.00 | 12,665.00 | 11,875.00 | 10,211.00 | 9,646.00 |
| EBIT Growth (%) | -2.81 | 6.65 | 16.30 | 5.86 | -10.38 |
| Profit after Tax (PAT) | 9,008.00 | 9,246.00 | 8,701.00 | 7,475.00 | 7,008.00 |
| PAT Growth (%) | -2.57 | 6.26 | 16.40 | 6.66 | -12.93 |
| EBIT Margin (%) | 26.68 | 28.37 | 27.81 | 24.88 | 24.78 |
| Net Profit Margin (%) | 19.53 | 20.71 | 20.37 | 18.21 | 18.01 |
| Basic EPS (₹) | 24.41 | 24.97 | 23.27 | 20.01 | 18.80 |
All figures in Rs Cr, unless mentioned otherwise
| Annual | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Total Assets | 1,30,759.00 | 1,20,899.00 | 1,14,943.00 | 1,06,296.00 | 1,03,252.00 |
| Total Assets Growth (%) | 8.16 | 5.18 | 8.13 | 2.95 | 15.89 |
| Total Liabilities | 43,651.00 | 36,150.00 | 25,044.00 | 20,766.00 | 16,672.00 |
| Total Liabilities Growth (%) | 20.75 | 44.35 | 20.60 | 24.56 | -5.64 |
| Total Equity | 87,108.00 | 84,749.00 | 89,899.00 | 85,530.00 | 86,580.00 |
| Total Equity Growth (%) | 2.78 | -5.73 | 5.11 | -1.21 | 21.21 |
| Current Ratio (x) | 2.91 | 3.33 | 4.17 | 4.56 | 5.53 |
| Total Debt to Equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Contingent Liabilities | 1,821.00 | 2,124.00 | 4,516.00 | 4,088.00 | 8,095.00 |
All figures in Rs Cr, unless mentioned otherwise
| Annual | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Net Cash flow from Operating Activities | 38,802.00 | 32,369.00 | 28,593.00 | 25,067.00 | 25,223.00 |
| Net Cash used in Investing Activities | -8,129.00 | 8,565.00 | 1,596.00 | 2,886.00 | -16,732.00 |
| Net Cash flow from Financing Activities | -32,634.00 | -39,915.00 | -27,897.00 | -26,885.00 | -11,026.00 |
| Net Cash Flow | -1,788.00 | 1,422.00 | 2,341.00 | 1,286.00 | -2,698.00 |
| Closing Cash & Cash Equivalent | 6,858.00 | 8,646.00 | 7,224.00 | 4,883.00 | 3,597.00 |
| Closing Cash & Cash Equivalent Growth (%) | -20.68 | 19.68 | 47.94 | 35.75 | -42.86 |
| Total Debt/ CFO (x) | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
All figures in Rs Cr, unless mentioned otherwise
| Annual | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Return on Equity (%) | 37.52 | 38.44 | 35.18 | 30.33 | 30.49 |
| Return on Capital Employed (%) | 47.21 | 46.00 | 44.97 | 38.59 | 38.92 |
| Return on Assets (%) | 24.80 | 26.74 | 27.38 | 24.29 | 25.46 |
| Interest Coverage Ratio (x) | 71.61 | 46.72 | 210.91 | 656.62 | 1,079.53 |
| Asset Turnover Ratio (x) | 125.55 | 129.81 | 127.42 | 115.81 | 114.25 |
| Price to Earnings (x) | 36.36 | 21.14 | 23.87 | 21.10 | 18.25 |
| Price to Book (x) | 13.60 | 8.13 | 8.39 | 6.39 | 5.56 |
| EV/EBITDA (x) | 23.49 | 14.45 | 16.84 | 14.87 | 13.01 |
| EBITDA Margin (%) | 30.26 | 29.75 | 29.91 | 29.37 | 30.96 |
MANAGEMENT DISCUSSION AND ANALYSIS (FY 20-21)
Business outlook
While there is still uncertainty on the path of the health crisis, with likelihood of third or fourth waves, and the emergence of new strains of the virus, overall business outlook across industries appears to be positive in all of TCS? major markets. This is expected to result in an expansion in enterprise spending on IT services globally, following a decline in 2020. Common investment themes that are expected to accelerate across all industry verticals in FY 2022 are: data-driven customer journey transformations spanning front-, middle and back-office processes and systems to enable enhanced and personalized customer experiences; digital enablers for direct distribution and end customer engagement; seamless, personalized omnichannel experiences in consumer-facing industries; product and business model innovations; and adoption of open APIs to enable purpose-driven ecosystems.
Currency and growth
On a reported basis, TCS? revenue grew 4.6% in FY 2021, compared to 7.2% in the prior year, due to the sharp revenue reduction in the first quarter across industry segments from the pandemic impact. Movements in currency exchange rates through the year resulted in a positive impact of 5.4% on the reported revenue. The constant currency revenue growth for the year, which is the reported revenue growth stripped of the currency impact, was (0.8)%.
More intellectual property
To enable business alignment and to de-risk emerging technology use, TCS? New Products and Services Development framework monitors the pipeline of evolving, future-focused offerings. This has resulted in a further expansion of the IP portfolio across a range of technologies and industry domain processes. As of March 31, 2021, the company has filed for 5,879 patents and has been granted 1,850 patents. TCS researchers presented over 240 papers at premier research conferences and notable journals this year.
Bullish / Bearish signals for Tata Consultancy Services Ltd. basis selected technical indicators and moving average crossovers.
5 Day EMA Crossover
Bullish signal on daily chart
Appeared on: 5 Oct 2021
5D EMA: 3795.84
| Date | 7 days Gain/Loss % |
|---|---|
| 21 Sep 2021 | 2.11% |
| 13 Sep 2021 | 3.55% |
| 2 Aug 2021 | 3.65% |
| 28 Jul 2021 | 0.86% |
Average price gain of 2.47% within 7 days of Bullish signal in last 5 years
10 Day EMA Crossover
Bullish signal on daily chart
Appeared on: 5 Oct 2021
10D EMA: 3804.14
| Date | 7 days Gain/Loss % |
|---|---|
| 21 Sep 2021 | 2.11% |
| 2 Aug 2021 | 3.65% |
| 24 Jun 2021 | 0.77% |
| 3 Jun 2021 | 2.86% |
Average price gain of 2.62% within 7 days of Bullish signal in last 5 years
| R1 | R2 | R3 | PIVOT | S1 | S2 | S3 | |
|---|---|---|---|---|---|---|---|
| Classic | 3861.40 | 3875.60 | 3907.95 | 3843.25 | 3829.05 | 3810.90 | 3778.55 |
| 5 DAYS | 14 DAYS | 28 DAYS | |
|---|---|---|---|
| ATR | 72.08 | 74.50 | 70.63 |
Stock Returns vs Nifty 100
Stock gave a 3 year return of 82.31% as compared to Nifty 100 which gave a return of 70.85%. (as of last trading session)Stock Returns vs Nifty IT
Stock generated 82.31% return as compared to Nifty IT which gave investors 125.29% return over 3 year time period. (as of last trading session)Choose from Peers
Choose from Stocks
Stock Returns vs Nifty 100
Stock gave a 3 year return of 82.31% as compared to Nifty 100 which gave a return of 70.85%. (as of last trading session)Stock Returns vs Nifty IT
Stock generated 82.31% return as compared to Nifty IT which gave investors 125.29% return over 3 year time period. (as of last trading session)2,821.34
Amount Invested (in Cr.)
8.33%
% of AUM
-0.67
% Change (MoM basis)
2,588.04
Amount Invested (in Cr.)
8.03%
% of AUM
12.60
% Change (MoM basis)
1,673.92
Amount Invested (in Cr.)
8.48%
% of AUM
0.00
% Change (MoM basis)
MF Ownership as on 31 August 2021
Price
3,801.00-44.15 (-1.15%)
Open Interest
83,83,8004,51,200 (5.38%)
| Open | High | Low | Prev Close | Contracts Traded | Turnover (₹ Lakhs) |
|---|---|---|---|---|---|
| 3,854.50 | 3,869.70 | 3,801.00 | 3,845.15 | 10,309 | 98,740.74 |
Open Interest as of 05 Oct 2021
| Meeting Date | Announced on | Purpose | Details |
|---|---|---|---|
| Oct 08, 2021 | Sep 30, 2021 | Board Meeting | Quarterly Results & 2nd Interim Dividend |
| Jul 08, 2021 | Jun 30, 2021 | Board Meeting | Quarterly Results & Interim Dividend |
| Jun 10, 2021 | May 19, 2021 | AGM | - |
| Apr 12, 2021 | Mar 31, 2021 | Board Meeting | Audited Results & Final Dividend |
| Jan 08, 2021 | Dec 31, 2020 | Board Meeting | Quarterly Results & 3rd Interim Dividend |
| Type | Dividend | Dividend per Share | Ex-Dividend Date | Announced on |
|---|---|---|---|---|
| Interim | 0% | 0.0 | Oct 14, 2021 | Sep 30, 2021 |
| Interest | 0% | 0.0 | Jul 15, 2021 | Jun 30, 2021 |
| Interim | 700% | 7.0 | Jul 15, 2021 | Jun 30, 2021 |
| Interim | 1500% | 15.0 | May 25, 2021 | Apr 12, 2021 |
| Final | 1500% | 15.0 | May 25, 2021 | Apr 12, 2021 |
| All Types | Ex-Date | Record Date | Announced on | Details |
|---|---|---|---|---|
| Bonus | May 31, 2018 | Jun 02, 2018 | Apr 19, 2018 | Bonus Ratio: 1 share(s) for every 1 shares held |
| Bonus | Jun 16, 2009 | Jun 17, 2009 | Apr 20, 2009 | Bonus Ratio: 1 share(s) for every 1 shares held |
| Bonus | Jul 28, 2006 | Jul 31, 2006 | Apr 17, 2006 | Bonus Ratio: 1 share(s) for every 1 shares held |
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1,420,139.80 Crore) operating in IT Software sector. Tata Consultancy Services Ltd. key Products/Revenue Segments include Consultancy Income and Sale of Equipment & Software Licences for the year ending 31-Mar-2021. Show More
N Chandrasekaran
ChairmanRajesh Gopinathan
Managing Director & CEON G Subramaniam
Exe.Director & COODon Callahan
Independent DirectorHanne Birgitte Breinbjerg Sorensen
Independent DirectorKeki M Mistry
Independent DirectorKey Indices Listed on
Nifty 50, S&P BSE Sensex, Nifty IT, + 38 more
Address
9th Floor,Nirmal Building,Mumbai, Maharashtra - 400021
Tata Consultancy Services Ltd. share price moved down by -0.92% from its previous close of Rs 3,833.30. Tata Consultancy Services Ltd. stock last traded price is 3,798.20
| Share Price | Value |
|---|---|
| Today/Current/Last | 3,798.20 |
| Previous Day | 3,833.30 |
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