Tata Consultancy Services Ltd
NSE:TCS

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Tata Consultancy Services Ltd Logo
Tata Consultancy Services Ltd
NSE:TCS
Watchlist
Price: 3 238.2 INR 1.83% Market Closed
Market Cap: 11.7T INR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+26%
5Y
+46%
10Y
+185%
Investing Cash Flow
+
3Y
-
5Y
-335%
10Y
+34%
Financing Cash Flow
+
3Y
-20%
5Y
-45%
10Y
-429%

Cash Flow Statement
Tata Consultancy Services Ltd

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Cash Flow Statement
Currency: INR
Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
26 337
0
0
0
35 066
0
0
0
49 183
0
0
0
58 460
0
0
0
61 501
0
0
0
82 896
0
0
0
110 206
0
0
0
139 233
0
0
0
180 897
0
0
0
254 019
0
0
0
262 985
0
0
0
243 380
63 180
129 210
197 350
263 570
193 670
192 240
189 550
258 800
272 920
287 590
303 350
315 620
323 530
324 840
325 060
324 470
313 430
307 890
313 730
325 620
345 440
366 930
377 720
384 490
389 370
397 490
408 260
423 030
439 040
448 190
450 330
460 990
470 840
476 590
490 060
487 970
495 110
496 870
Depreciation & Amortization
1 588
0
0
0
2 824
0
0
0
4 402
0
0
0
5 637
0
0
0
5 641
0
0
0
6 609
0
0
0
7 353
0
0
0
9 179
0
0
0
10 799
0
0
0
13 492
0
0
0
13 089
0
0
0
18 880
4 910
9 860
14 820
19 870
14 900
14 990
15 090
20 140
20 080
20 110
20 240
20 560
23 800
27 370
31 150
35 290
36 880
38 220
39 490
40 650
41 640
42 820
44 540
46 040
47 590
48 800
49 530
50 220
50 350
50 610
50 250
49 850
49 620
49 650
51 090
52 420
53 830
55 300
Other Non-Cash Items
553
0
0
0
(257)
0
0
0
(1 830)
0
0
0
(1 597)
0
0
0
(2 809)
0
0
0
(1 165)
0
0
0
(6 878)
0
0
0
(3 373)
0
0
0
(9 663)
0
0
0
(15 052)
0
0
0
(15 041)
0
0
0
54 050
13 990
28 470
41 990
54 560
38 710
36 960
37 610
49 910
54 400
58 670
65 440
71 020
70 840
71 210
67 360
69 060
73 690
89 130
95 730
104 040
111 150
106 640
112 260
111 510
111 840
114 070
113 410
118 230
118 690
120 160
120 710
126 250
133 620
135 030
140 650
138 140
130 650
129 860
Cash Taxes Paid
3 589
0
0
0
5 969
0
0
0
6 420
0
0
0
10 901
0
0
0
12 119
0
0
0
19 073
0
0
0
22 635
0
0
0
40 684
0
0
0
48 218
0
0
0
70 436
0
0
0
74 818
0
0
0
75 780
15 420
38 480
59 740
79 460
56 320
59 490
58 170
76 090
70 470
74 670
86 240
99 580
99 860
85 790
59 680
58 460
61 900
73 020
93 630
90 920
96 870
103 620
108 830
114 860
120 380
123 230
129 880
129 660
127 890
128 940
130 040
124 890
142 930
154 080
143 950
155 860
142 590
129 570
Cash Interest Paid
172
158
89
84
91
147
102
101
87
87
208
215
261
251
245
269
328
303
267
245
166
155
270
276
265
286
214
236
224
242
309
318
480
484
464
462
381
389
928
1 023
1 050
1 013
395
278
200
240
220
210
200
370
390
380
400
300
1 590
1 680
1 860
3 100
4 850
6 970
9 240
9 250
7 890
7 470
6 340
6 400
6 090
6 010
6 980
7 430
7 380
7 420
7 790
7 460
7 630
7 500
6 990
7 130
7 200
7 720
8 400
8 430
9 590
Change in Working Capital
(7 559)
27 003
25 719
22 382
(12 610)
25 431
30 055
32 222
(17 036)
38 048
35 445
39 497
(23 432)
40 220
42 478
47 989
(10 247)
55 606
68 510
71 267
(14 278)
72 072
67 878
70 274
(44 537)
71 058
67 719
62 103
(75 268)
78 037
90 382
106 611
(65 884)
110 653
121 382
138 076
(104 944)
174 222
187 418
186 081
(67 345)
177 571
182 242
190 691
(125 220)
136 390
48 160
(22 170)
(85 770)
257 270
257 510
255 540
(78 180)
(85 170)
(87 700)
(101 840)
(121 270)
(124 350)
(112 660)
(109 100)
(105 130)
(88 100)
(79 320)
(63 490)
(82 290)
(98 580)
(123 590)
(152 920)
(142 550)
(144 490)
(149 390)
(157 260)
(171 830)
(185 400)
(183 880)
(187 340)
(193 710)
(212 230)
(217 910)
(218 000)
(189 450)
(175 490)
(163 500)
Cash from Operating Activities
20 919
N/A
27 003
+29%
25 719
-5%
22 382
-13%
25 024
+12%
25 431
+2%
30 055
+18%
32 222
+7%
34 719
+8%
38 048
+10%
35 445
-7%
39 497
+11%
39 068
-1%
40 220
+3%
42 478
+6%
47 989
+13%
54 086
+13%
55 606
+3%
68 510
+23%
71 267
+4%
74 062
+4%
72 072
-3%
67 878
-6%
70 274
+4%
66 144
-6%
71 058
+7%
67 719
-5%
62 103
-8%
69 772
+12%
78 037
+12%
90 382
+16%
106 611
+18%
116 150
+9%
110 653
-5%
121 382
+10%
138 076
+14%
147 514
+7%
174 222
+18%
187 418
+8%
186 081
-1%
193 688
+4%
177 571
-8%
182 242
+3%
190 691
+5%
191 090
+0%
218 470
+14%
215 700
-1%
231 990
+8%
252 230
+9%
250 390
-1%
247 540
-1%
243 630
-2%
250 670
+3%
262 230
+5%
278 670
+6%
287 190
+3%
285 930
0%
293 820
+3%
310 760
+6%
314 470
+1%
323 690
+3%
335 900
+4%
355 920
+6%
385 460
+8%
388 020
+1%
399 650
+3%
392 800
-2%
381 600
-3%
399 490
+5%
404 310
+1%
410 970
+2%
413 940
+1%
419 650
+1%
422 680
+1%
435 080
+3%
433 950
0%
443 380
+2%
441 850
0%
443 360
+0%
463 800
+5%
489 080
+5%
504 100
+3%
518 530
+3%
Investing Cash Flow
Capital Expenditures
(3 678)
(5 246)
(5 067)
(5 999)
(6 587)
(8 239)
(10 091)
(10 732)
(12 486)
(11 750)
(11 269)
(12 064)
(12 710)
(14 479)
(13 447)
(13 187)
(11 473)
(8 972)
(9 683)
(9 652)
(10 448)
(11 735)
(12 828)
(16 107)
(18 266)
(19 453)
(20 509)
(20 053)
(20 071)
(21 076)
(22 288)
(24 502)
(26 378)
(28 949)
(30 430)
(30 320)
(31 262)
(31 516)
(31 536)
(31 493)
(29 492)
(26 571)
(24 236)
(21 337)
(19 900)
(20 940)
(20 550)
(19 940)
(19 900)
(19 580)
(20 110)
(19 780)
(18 620)
(17 250)
(17 340)
(19 040)
(22 310)
(27 520)
(30 270)
(32 020)
(32 490)
(29 030)
(27 810)
(27 840)
(31 760)
(30 980)
(31 700)
(33 610)
(29 950)
(31 950)
(30 950)
(31 310)
(31 000)
(27 160)
(25 610)
(25 470)
(26 740)
(31 880)
(35 320)
(33 250)
(50 000)
(55 340)
(59 250)
Other Items
(24 412)
(27 271)
(4 457)
986
(7 753)
(5 855)
(9 462)
(10 859)
(5 651)
(15 432)
(7 946)
(13 755)
(13 477)
(6 852)
(8 694)
(6 011)
(22 872)
(28 780)
(40 065)
(50 354)
(43 684)
(39 545)
(6 844)
(5 586)
3 651
(1 306)
(16 145)
(2 259)
(7 204)
(5 961)
(3 005)
(28 200)
(34 478)
(32 401)
(40 408)
(52 767)
(65 409)
(86 441)
8 995
20 461
12 479
23 253
(57 246)
(73 208)
(31 600)
(42 790)
(83 080)
(91 160)
(147 420)
60 040
54 510
58 340
47 480
(128 580)
23 280
9 650
38 270
44 700
(135 250)
52 970
118 140
67 750
15 370
(161 190)
(49 530)
(41 730)
(6 950)
(12 760)
20 980
19 180
32 120
50 480
31 390
57 350
51 470
238 070
87 000
96 600
97 580
(109 830)
26 820
15 650
5 100
Cash from Investing Activities
(28 090)
N/A
(32 517)
-16%
(9 524)
+71%
(5 014)
+47%
(14 339)
-186%
(14 094)
+2%
(19 554)
-39%
(21 591)
-10%
(18 136)
+16%
(27 180)
-50%
(19 214)
+29%
(25 817)
-34%
(26 187)
-1%
(21 332)
+19%
(22 140)
-4%
(19 199)
+13%
(34 345)
-79%
(37 752)
-10%
(49 748)
-32%
(60 006)
-21%
(54 132)
+10%
(51 279)
+5%
(19 672)
+62%
(21 693)
-10%
(14 615)
+33%
(20 760)
-42%
(36 654)
-77%
(22 312)
+39%
(27 275)
-22%
(27 037)
+1%
(25 292)
+6%
(52 702)
-108%
(60 857)
-15%
(61 351)
-1%
(70 840)
-15%
(83 088)
-17%
(96 671)
-16%
(117 957)
-22%
(22 540)
+81%
(11 032)
+51%
(17 013)
-54%
(3 318)
+80%
(81 483)
-2 356%
(94 545)
-16%
(51 500)
+46%
(63 730)
-24%
(103 630)
-63%
(111 100)
-7%
(167 320)
-51%
40 460
N/A
34 400
-15%
38 560
+12%
28 860
-25%
(145 830)
N/A
5 940
N/A
(9 390)
N/A
15 960
N/A
17 180
+8%
(165 520)
N/A
20 950
N/A
85 650
+309%
38 720
-55%
(12 440)
N/A
(189 030)
-1 420%
(81 290)
+57%
(72 710)
+11%
(38 650)
+47%
(46 370)
-20%
(8 970)
+81%
(12 770)
-42%
1 170
N/A
19 170
+1 538%
390
-98%
30 190
+7 641%
25 860
-14%
212 600
+722%
60 260
-72%
64 720
+7%
62 260
-4%
(143 080)
N/A
(23 180)
+84%
(39 690)
-71%
(54 150)
-36%
Financing Cash Flow
Net Issuance of Common Stock
18 847
0
(49)
(25)
0
0
0
212
211
0
0
32
1 019
1 019
1 045
1 012
39
93
67
67
54
0
0
0
7
0
0
0
97
0
0
0
0
0
0
0
(1 000)
0
0
0
0
0
20
20
20
0
0
0
0
(160 000)
(160 000)
(160 000)
(160 000)
0
(160 000)
(160 000)
(160 000)
0
0
0
0
0
0
0
(160 000)
0
0
0
(180 000)
0
0
0
0
0
0
(170 000)
(170 000)
0
(170 000)
0
0
0
0
Net Issuance of Debt
(5 421)
(5 922)
(7 664)
(3 052)
(1 120)
(443)
(386)
(778)
3 925
3 339
3 693
4 281
(213)
42
(255)
(560)
(288)
(115)
109
(4 445)
(4 006)
(4 068)
(4 019)
885
(244)
(517)
6 314
(515)
(342)
792
(5 129)
3 269
786
141
(1 761)
(4 046)
(152)
(1 560)
(483)
1 333
429
2 004
(592)
(1 678)
(1 330)
(3 000)
(600)
740
210
(520)
(410)
(2 020)
(430)
(200)
(190)
(200)
(1 940)
(3 820)
(5 360)
(7 930)
(10 620)
(10 410)
(12 150)
(12 750)
(13 360)
(12 990)
(13 220)
(13 830)
(14 170)
(14 790)
(15 190)
(15 170)
(15 150)
(15 550)
(15 620)
(15 850)
(16 140)
(16 120)
(16 330)
(16 560)
(16 640)
(16 380)
(17 210)
Cash Paid for Dividends
(3 581)
(3 615)
(7 939)
(7 948)
(7 923)
(10 123)
(7 777)
(9 479)
(10 882)
(8 788)
(14 780)
(14 867)
(14 896)
(14 965)
(16 141)
(16 144)
(16 060)
(16 061)
(17 408)
(18 553)
(19 584)
0
(46 116)
(46 018)
(45 844)
0
(34 197)
(36 710)
(38 798)
0
(57 034)
(57 073)
(57 032)
0
(52 777)
(53 578)
(54 801)
0
(164 501)
(166 651)
(170 205)
(170 615)
(91 034)
(94 059)
(94 790)
(147 580)
(104 520)
(106 330)
(109 470)
(116 690)
(106 620)
(107 910)
(107 260)
(111 030)
(113 290)
(113 270)
(114 240)
(129 950)
(134 190)
(318 800)
(376 340)
(318 950)
(315 100)
(159 420)
(108 500)
(141 480)
(148 600)
(129 470)
(133 170)
(158 180)
(161 560)
(164 940)
(413 470)
(332 970)
(424 450)
(428 110)
(251 370)
(352 680)
(268 110)
(271 360)
(448 640)
(445 110)
(459 490)
Other
(212)
(158)
(89)
(84)
(125)
(90)
(102)
(101)
(123)
(144)
(208)
(215)
(320)
(251)
(245)
(269)
(409)
(303)
(267)
(245)
(278)
(155)
(270)
(359)
(508)
(369)
(572)
(348)
(508)
(526)
(835)
(844)
(1 049)
(1 444)
(916)
(1 077)
(780)
(732)
(1 667)
(1 762)
(1 901)
(1 539)
(556)
(709)
(560)
(830)
(1 230)
(1 050)
(1 000)
(1 670)
(1 250)
(1 140)
(1 160)
(800)
(2 520)
(2 610)
(2 790)
(6 480)
(7 800)
(9 920)
(12 190)
(9 610)
(8 460)
(9 640)
(44 480)
(44 580)
(44 240)
(42 560)
(8 470)
(50 690)
(50 660)
(50 700)
(50 160)
(8 230)
(8 440)
(48 360)
(47 850)
(48 090)
(48 190)
(8 420)
(9 100)
(20 100)
(10 620)
Cash from Financing Activities
9 633
N/A
9 154
-5%
(15 741)
N/A
(11 108)
+29%
(9 168)
+17%
(10 656)
-16%
(8 266)
+22%
(10 146)
-23%
(6 868)
+32%
(5 381)
+22%
(11 083)
-106%
(10 769)
+3%
(14 410)
-34%
(14 156)
+2%
(15 596)
-10%
(15 960)
-2%
(16 717)
-5%
(16 385)
+2%
(17 498)
-7%
(23 175)
-32%
(23 814)
-3%
(23 918)
0%
(50 406)
-111%
(45 493)
+10%
(46 589)
-2%
(46 881)
-1%
(28 449)
+39%
(37 566)
-32%
(39 551)
-5%
(38 436)
+3%
(62 901)
-64%
(54 552)
+13%
(57 295)
-5%
(58 334)
-2%
(55 453)
+5%
(58 699)
-6%
(56 732)
+3%
(58 093)
-2%
(167 649)
-189%
(168 080)
0%
(171 676)
-2%
(170 149)
+1%
(92 162)
+46%
(96 425)
-5%
(96 660)
0%
(151 390)
-57%
(106 350)
+30%
(106 640)
0%
(110 260)
-3%
(278 880)
-153%
(268 280)
+4%
(271 070)
-1%
(268 850)
+1%
(112 030)
+58%
(276 000)
-146%
(276 080)
0%
(278 970)
-1%
(300 250)
-8%
(147 350)
+51%
(336 650)
-128%
(399 150)
-19%
(338 970)
+15%
(335 710)
+1%
(181 810)
+46%
(326 340)
-79%
(359 050)
-10%
(366 060)
-2%
(345 860)
+6%
(335 810)
+3%
(403 660)
-20%
(407 410)
-1%
(410 810)
-1%
(478 780)
-17%
(356 750)
+25%
(448 510)
-26%
(662 320)
-48%
(485 360)
+27%
(586 890)
-21%
(502 630)
+14%
(296 340)
+41%
(474 380)
-60%
(481 590)
-2%
(487 320)
-1%
Change in Cash
Effect of Foreign Exchange Rates
7
(70)
(48)
(18)
60
211
73
141
(73)
(650)
(518)
(575)
(201)
1 034
1 315
1 230
898
497
444
124
(468)
(824)
(868)
(515)
303
471
791
1 972
1 503
2 432
1 453
1 115
481
671
2 311
1 518
2 154
1 060
(447)
(370)
(1 058)
(380)
262
34
1 400
620
(100)
(300)
(1 630)
(850)
380
(20)
2 180
2 220
4 250
2 180
490
(220)
(2 770)
1 490
4 030
5 140
4 930
4 820
1 730
1 730
420
(1 610)
1 590
800
1 660
7 050
5 090
4 350
4 670
1 840
650
790
3 120
(470)
1 740
4 920
4 970
Net Change in Cash
2 469
N/A
3 570
+45%
406
-89%
6 242
+1 437%
1 577
-75%
892
-43%
2 308
+159%
626
-73%
9 642
+1 440%
4 837
-50%
4 630
-4%
2 336
-50%
(1 730)
N/A
5 766
N/A
6 057
+5%
14 060
+132%
3 922
-72%
1 966
-50%
1 708
-13%
(11 790)
N/A
(4 352)
+63%
(3 949)
+9%
(3 068)
+22%
2 573
N/A
5 243
+104%
3 888
-26%
3 407
-12%
4 197
+23%
4 449
+6%
14 996
+237%
3 642
-76%
472
-87%
(1 521)
N/A
(8 361)
-450%
(2 600)
+69%
(2 193)
+16%
(3 735)
-70%
(768)
+79%
(3 218)
-319%
6 599
N/A
3 941
-40%
3 724
-6%
8 859
+138%
(245)
N/A
44 330
N/A
3 970
-91%
5 620
+42%
13 950
+148%
(26 980)
N/A
11 120
N/A
14 040
+26%
11 100
-21%
12 860
+16%
6 590
-49%
12 860
+95%
3 900
-70%
23 410
+500%
10 530
-55%
(4 880)
N/A
260
N/A
14 220
+5 369%
40 790
+187%
12 700
-69%
19 440
+53%
(17 880)
N/A
(30 380)
-70%
(11 490)
+62%
(12 240)
-7%
56 300
N/A
(11 320)
N/A
6 390
N/A
29 350
+359%
(53 650)
N/A
100 470
N/A
17 100
-83%
(13 930)
N/A
18 930
N/A
(79 530)
N/A
6 110
N/A
23 910
+291%
(6 740)
N/A
(12 260)
-82%
(17 970)
-47%
Free Cash Flow
Free Cash Flow
17 241
N/A
21 757
+26%
20 652
-5%
16 383
-21%
18 437
+13%
17 192
-7%
19 964
+16%
21 490
+8%
22 233
+3%
26 298
+18%
24 176
-8%
27 433
+13%
26 358
-4%
25 741
-2%
29 031
+13%
34 802
+20%
42 613
+22%
46 634
+9%
58 827
+26%
61 615
+5%
63 614
+3%
60 337
-5%
55 050
-9%
54 167
-2%
47 878
-12%
51 605
+8%
47 210
-9%
42 050
-11%
49 701
+18%
56 961
+15%
68 094
+20%
82 109
+21%
89 772
+9%
81 704
-9%
90 952
+11%
107 756
+18%
116 252
+8%
142 706
+23%
155 882
+9%
154 588
-1%
164 196
+6%
151 000
-8%
158 006
+5%
169 354
+7%
171 190
+1%
197 530
+15%
195 150
-1%
212 050
+9%
232 330
+10%
230 810
-1%
227 430
-1%
223 850
-2%
232 050
+4%
244 980
+6%
261 330
+7%
268 150
+3%
263 620
-2%
266 300
+1%
280 490
+5%
282 450
+1%
291 200
+3%
306 870
+5%
328 110
+7%
357 620
+9%
356 260
0%
368 670
+3%
361 100
-2%
347 990
-4%
369 540
+6%
372 360
+1%
380 020
+2%
382 630
+1%
388 650
+2%
395 520
+2%
409 470
+4%
408 480
0%
416 640
+2%
409 970
-2%
408 040
0%
430 550
+6%
439 080
+2%
448 760
+2%
459 280
+2%

See Also

Summary
TCS intrinsic value, competitors valuation, and company profile.
DCF Valuation
TCS stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TCS stock valuation using valuation multiples.
Wall Street Estimates
TCS price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TCS stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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