Tata Consultancy Services Limited (TCS.NS)

DCF Valuation · Technology · Information Technology Services

Valuation as at 2026-08-12 · see also the NIFTY 500 Most Undervalued screen

About Tata Consultancy Services Limited

Tata Consultancy Services Limited provides information technology (IT) and IT enabled services. It offers TCS ADD, a suite of AI powered life sciences platforms; TCS BaNCS, a financial services platform; TCS BFSI Platforms, a cloud-native, subscription-based as-a-service digital ecosystem for insurers and financial firms; TCS Chroma, a cloud-based AI-led hire-to-retire modular platform; TCS Customer Intelligence & Insights, an AI-powered, real-time customer data analytics solution; TCS ERP on Cloud, SAP transformation with AI-powered smart solutions; ignio, a cognitive automation software product; TCS iON, a learning ecosystem; and TCS HOBS, a cloud-native, catalog-centric platform with composable architecture and insights-led personalization capabilities. It also offers TCS Intelligent Urban Exchange for enterprises and smart cities; TCS OmniStore, a retail commerce platform; TCS Optumera, a strategic intelligence platform; TCS Tap, a platform for intelligent procurement; Quartz, a distributed ledger technology; TCS TwinX, a risk-free experimentation platform; TCS MasterCraft, an AI-driven cognitive automation product; Jile, an enterprise agile planning and delivery tool; TCS DigiBOLT, an end-to-end, organization-wide enterprise platform; and TCS AI WisdomNext, an enterprise grade GenAI platform.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Tata Consultancy Services Limited TCS.NS

Technology · Information Technology Services

Price
₹2,349.70
Market Cap
₹8501.42B
Free Cash Flow
₹397.17B
Beta
0.60
P/E (TTM)
17.1x
52-Week Range
₹1,976.80–₹3,350.00

Tata Consultancy Services Limited's price & financial trends

Each card is labelled with its own reporting period — quarterly where Yahoo provides it for this market, annual otherwise.

Data as at 2026-08-12

Share price · last 2 years

₹2,349.70 -48% vs 2024-08
NIFTY 50 ₹4,553.75₹4,112.40₹3,462.00₹3,137.50₹2,473.90₹2,349.70 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per quarter

₹36.90 +9% vs Q1 '25
₹33.79₹35.27₹29.45₹37.94₹36.90Q1 '25Q2 '25Q4 '25Q1 '26Q2 '26

Free cash flow Per quarter

₹127.33B +9% vs Q4 '24
₹116.56B₹130.06B₹110.61B₹123.32B₹127.33BQ4 '24Q1 '25Q2 '25Q4 '25Q1 '26

Dividend per share Per quarter

₹57.04 -25% vs Q1 '25
₹76.01₹27.03₹11.00₹57.04Q1 '25Q2 '25Q4 '25Q1 '26

Value investing scale · Buffett · Dalio · Graham

Strong Fit
17 / 20 combined score

See the full Buffett, Dalio & Graham breakdown for TCS.NS →

Intrinsic value estimate · 5-year forecast

BEAR
₹1,333.56
vs current ₹2,349.70
-43.2% ❌ Overvalued
BASE
₹1,757.39
vs current ₹2,349.70
-25.2% ❌ Overvalued
BULL
₹2,364.20
vs current ₹2,349.70
+0.6% ⚠️ Fairly Valued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
₹397.17B
Reported free cash flow (Yahoo)
Risk-free rate
7.00% ● LIVE
Live 10-yr govt bond
Beta
0.60
Floored for non-US stocks
Equity risk premium
7.50%
Market-specific seed
Cost of debt
7.60%
Synthetic rating AAA, ICR 54.6x
Tax rate
25.00%
Estimated default
Capital structure
E 99% / D 1%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth4.7%9.3%14.0%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)12.42%11.42%10.42%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 7.00% + 0.60 × 7.50% = 11.50% · WACC = weighted by 99%/1% capital structure

These numbers come from running Tata Consultancy Services Limited's cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or TCS.NS's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with TCS.NS →

More NIFTY 500 stocks we've valued

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-12 from Yahoo Finance data, using the same engine as the full DCF tool and the NIFTY 500 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Tata Consultancy Services Limited (TCS.NS) undervalued?

The Base-case DCF estimates intrinsic value at ₹1,757.39 vs a price of ₹2,349.70 on 2026-08-12 — a -25.2% margin, so the Base case reads overvalued. This is a mechanical output, not advice.