NSE: TCS | BSE: 532540

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3546.50 31.50 (0.90%)

493.0K NSE+BSE Volume

NSE 14 May, 2025 10:14 AM (IST)

1,283,154.7

Market Cap

Market Leader

0.7

Beta 1Year

Very Low volatility

Tata Consultancy Services Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for TCS, BSE:532540 Tata Consultancy Services Ltd.

Tata Consultancy Services Ltd.

11 Jan 2018

3546.50

0.90%

TCS: Recovery in Retail offset by muted BFS outlook and margin risks

Neutral: Tata Consultancy Services ...

Motilal Oswal

After declining for three quarters (YoY CC), Retail recovered with 3% YoY CC growth, and TCS expects this to reach double-digits in FY19, a key positive from its 3Q earnings. However, 1.5% QoQ CC decline in BFSI (flat YoY CC), and limited likelihood of this rebounding in the next few quarters offset the strength in Retail. Add to that profitability risk that current levels of INR-USD bear, and the overhang to earnings from potentially greater taxation liability arising out of BEAT, we remain subdued on the near-to-medium-term triggers for TCS. TCS' 3QFY18 CC revenue growth was 1.3% QoQ, marginally ahead of our estimate of +0.9%. 9M YoY CC growth stands at 6.4%, compared to 6.2% in this quarter. EBIT margin expanded 10bp QoQ to 25.2%, as against our estimate of a 20bp contraction. PAT increased 1.3% QoQ, but fell 3.6% YoY to INR65.3b (2% beat).

Tata Consultancy Services Ltd. is trading above its 50 day SMA of 3479.9

Tata Consultancy Services Ltd.

11 Jan 2018

3546.50

0.90%

TCS result is largely in line with our estimate, driven by a strong traction in Digital r...

Buy: Tata Consultancy Services ...

Emkay

TCS result is largely in line with our estimate, driven by a strong traction in Digital revenue (up by 14% qoq). At 25.2% (up 10bps qoq), OPM is slightly better than our estimate, spurred by robust volume and cost efficiency. Digital revenue accounts for 22% of total revenue and is growing at 30% on TTM basis, with revenue of over US$3.3bn. The traction is driven by broadening as well as...

Tata Consultancy Ser.. has an average target of 4122.91 from 11 brokers.

Tata Consultancy Services Ltd.

11 Jan 2018

3546.50

0.90%

TCS

Hold: Tata Consultancy Services ...

Target

JM Financial

TCS reported 3QFY18 revenue growth broadly in-line with the moderated expectations; outlook was sanguine with a strong deal closure during the quarter + a healthy pipeline. Still, we expect FY19 USD revenue growth could remain in the 7-8% band, same as FY18, given the continued softness in BFS vertical (c25% of revenues, JMFe). Further, the profile of the incremental revenues + a strong INR should keep the margins around current levels. Thus, our operative assumptions and forecasts are largely unchanged; changes in the US taxation...

Number of FII/FPI investors decreased from 1828 to 1797 in Mar 2025 qtr

Tata Consultancy Services Ltd.

25 Oct 2017

3546.50

0.90%

Result Updates

Neutral: Tata Consultancy Services ...

Angel Broking

For 2QFY2018, TCS posted above expectation results on the EBIT and net profit fronts. The company posted 3.2% sequential growth in USD revenues to US$4,739mn v/s. US$4,738mn expected, mostly driven by volume (3.2% qoq growth). In Constant Currency (CC) terms, the company posted a 1.7% qoq growth. EBIT margins came in at 25.1% v/s. 24.1% e..

Tata Consultancy Services Ltd. is trading below its 100 day SMA of 3788.4

Tata Consultancy Services Ltd.

25 Oct 2017

3546.50

0.90%

Result Update:TCS

Hold: Tata Consultancy Services ...

Axis Direct

Q2FY18 revenue was in line (~USD 4.7 bn, up ~3% QoQ in USD terms) led by strong volume growth 3.2% (Q1FY18: 3.5%). Growth was driven by Life Sciences & Healthcare, Energy and Utilities and Travel & Hospitality. Also, Digital (~20% share) grew 6% QoQ.

Tata Consultancy Ser.. has an average target of 4122.91 from 11 brokers.

Tata Consultancy Services Ltd.

18 Oct 2017

3546.50

0.90%

TCS

Hold: Tata Consultancy Services ...

JM Financial

Tata Consultancy Services Ltd. is trading above its 50 day SMA of 3479.9

Tata Consultancy Services Ltd.

17 Oct 2017

3546.50

0.90%

Tata Consultancy Services

Tata Consultancy Services ...

SMC online

Sequentially TCS registered 3% rise in consolidated sales to Rs 30541 crore for the quarter ended September 2017. OPM improved 170 basis points from 25.1% to 26.7% which saw OP rise 10% to Rs 8164 crore. OPM improved by 170 basis points, driven by 50 bps gain on account of favourable Forex and 120 bps savings in operating cost and SG&A; efficiencies. Other income fell 15% to Rs 819 crore and interest cost fell 74% to Rs 7 crore. After providing for depreciation (up 1% to Rs 504 crore), PBT grew 8% to Rs 8472 crore. Provision for taxation grew 6% to Rs 2012 crore after which PAT grew 9% to Rs 6460 crore....

Tata Consultancy Services Ltd. is trading above its 50 day SMA of 3479.9

Tata Consultancy Services Ltd.

13 Oct 2017, 06:53AM

3546.50

0.90%

Tata Consultancy Services (2QFY18): Gradual recovery underway. Maintain NEUTRAL

Neutral: Tata Consultancy Services ...

HDFC Securities

Maintain NEUTRAL with a TP of Rs 2,570, 17x Sep-19E EPS. TCS uninspiring growth rate (+1.7% QoQ CC) continues to be volume-led (+3.2%), with a high impact of cross-currency on revenue (+1.5% QoQ) and margin (+50bps). Core geography performance was sub-par, impacted by BFSI and Retail & CPG verticals within the space. However, Digital (19.7% of rev) continues to trend strong, contributing 45% to incremental seq. growth. Growth in Legacy provided a respite with 2.2% QoQ, as compared to 0.4/0.7% CQGR in the previous 4/8-quarters.

Tata Consultancy Services Ltd. is trading below its 100 day SMA of 3788.4

Tata Consultancy Services Ltd.

13 Oct 2017, 12:00AM

3546.50

0.90%

TCS - 2QFY18 Result Update

Hold: Tata Consultancy Services ...

Reliance Securities

Tata Consultancy Services (TCS) has delivered an encouraging performance in 2QFY18 with its USD revenue growing by 3.2% QoQ. While volume growth came in at 3.2% QoQ, CC pricing remained flat. Aided by operational efficiency and decent growth in revenue, its EBIT margin rose by 171bps QoQ (exceeding our estimate by 38bps), which led to 8.4% QoQ growth in PAT to Rs64.5bn (in-line with our estimate). From vertical perspective, the key BFSI vertical grew by 3.5% QoQ (marginally above company average), while Manufacturing and Communication & Media grew by 3.2% QoQ each, Technology & Services by 5.8% QoQ, Life Sciences & Healthcare by 4.7% QoQ, Travel &...

Tata Consultancy Ser.. has an average target of 4122.91 from 11 brokers.

Is Tata Consultancy Services Ltd. worth buying?

2296 Votes:

Buy 72.74%

Sell 14.2%

Hold 13.07%

RESEARCH REPORTS

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