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SME Scorecard · TCS · as of Mar 2026

Tata Consultancy Services Ltd

Price
₹2,080
-0.94% · as of 07 Oct, 3:30 pm
Market cap
₹7,53,388 Cr
latest
P / E
14.0
trailing
52-week
1,976 – 3,350
low – high
B
69/100
17 of 19 signals scored
Five pillars

Every signal, with the figure it came from.

Growth
weight 25
30
  1. Revenue CAGR, 3y
    ₹2,25,458 Cr (Mar 2023) → ₹2,67,021 Cr (Mar 2026).
    5.8%
    23
    Watch
  2. Profit CAGR, 3y
    Net profit ₹42,303 Cr (Mar 2023) → ₹49,454 Cr (Mar 2026).
    5.3%
    21
    Watch
  3. Latest quarter revenue YoY
    Jun 2026: ₹72,275 Cr vs Jun 2025: ₹63,437 Cr.
    13.9%
    46
    Watch
Profitability
weight 25
87
  1. Return on equity
    Top-ratio ROE.
    51.8%
    100
    Good
  2. Return on capital employed
    Top-ratio ROCE.
    63.0%
    100
    Good
  3. Operating margin
    OPM for Mar 2026.
    27%
    90
    Good
  4. Margin trend
    OPM 26% (Mar 2023) → 27% (Mar 2026).
    +1.0 pp
    56
    Watch
Balance sheet
weight 20
75
  1. Debt to equity
    Borrowings ₹11,283 Cr ÷ net worth ₹1,07,240 Cr (Mar 2026).
    0.1×
    95
    Good
  2. Interest cover
    (PBT ₹65,487 Cr + interest ₹1,227 Cr) ÷ interest, Mar 2026.
    54.4×
    100
    Good
  3. Debt growth vs revenue growth, 3y
    Revenue CAGR 5.8% minus borrowings CAGR 13.6%.
    -7.8 pp
    30
    Watch
Cash conversion
weight 15
86
  1. Cash from operations ÷ profit, 3 FY
    CFO ₹1,45,340 Cr ÷ net profit ₹1,44,350 Cr, cumulative.
    1.0×
    84
    Good
  2. Free-cash-flow-positive years of 3
    Mar 2026: ₹48,013 Cr · Mar 2025: ₹44,994 Cr · Mar 2024: ₹41,688 Cr
    3 of 3
    100
    Good
  3. Debtor days
    As of Mar 2026.
    93 days
    58
    Watch
  4. Accounting flags
    None of: capitalised interest, other-income dependence, rising working-capital days.
    None
    100
    Good
Governance
weight 15
82
  1. Promoter holding
    Quarter ended Jun 2026.
    71.77%
    100
    Good
  2. Promoter holding change
    72.30% (Sep 2023) → 71.77% (Jun 2026).
    -0.5 pp
    45
    Good
  3. Promoter pledge
    A pledge is only reported when one exists; none listed here, but this is not confirmation of zero.
    —
    —
    Not scored
  4. Institutional holding
    FII 9.07% + DII 13.41%, Jun 2026.
    22.48%
    100
    Good
  5. Auditor & related-party flags
    Not in the source data. Not scored; read the annual report.
    —
    —
    Not scored
Four lenses

The same card, read for each segment.

Pre-listing01
Founders benchmarking an issue

Benchmarking a listing against Tata Consultancy Services: the market pays 14.0× earnings for 5.8% revenue CAGR over 3 years at a 27% operating margin, with promoters holding 71.77%. Debt to equity of 0.1× is the leverage bar peers will compare a new issue against.

Retail02
Two numbers and the flags

Grade B (69/100). ROE 51.8% and debt to equity 0.1× are the two numbers to remember. Watch: Revenue CAGR 5.8%; Profit CAGR 5.3%; Latest quarter revenue YoY 13.9%. Price sits 8% of the way up its 52-week range.

HNI03
Float and position sizing

Float check: promoters 71.77%, institutions 22.48%, public 5.69% across 26,05,182 shareholders on a ₹7,53,388 Cr market cap. Leverage and cash items to size for: Debt growth vs revenue growth -7.8 pp; Debtor days 93 days.

Institutional04
Diligence priorities

Diligence priorities: Debtor days 93 days. Auditor changes, related-party dealings and contingent liabilities are not scored here and need the filings.

How this score is built

Arithmetic, not opinion.

Five pillars, weighted Growth 25, Profitability 25, Balance sheet 20, Cash conversion 15, Governance 15. Each pillar is the plain average of its scored signals; the overall is the weighted average of scored pillars, renormalised when a pillar has nothing to score. Grades: A at 75 or above, B at 60, C at 45, D below.

Each signal maps a reported figure to 0–100 on a straight ramp between two anchors (for example ROE 0% → 0, 25% → 100) or, for trends, 50 ± a fixed amount per percentage point. There is no model, no weighting by sector, and no judgement call in the arithmetic.

Inputs are the reported tables: annual profit and loss, balance sheet, cash flow, ratios and the quarterly shareholding pattern. A promoter pledge is scored only when one is reported, so “not scored” there is not a clean bill. Auditor changes, related-party dealings and contingent liabilities are never in the input and are listed as not scored so the gap is visible. Banks and NBFCs use a different P&L layout, so several signals will show as not scored. Informational only — not investment advice.

General disclaimer

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The report is based on information obtained from public and other sources believed reliable, but BCAPL makes no representation as to its accuracy or completeness. Opinions, estimates, target prices and projections are as of the report date, rest on stated assumptions, and are subject to change without notice. They are not assurances of returns. Any investment made on the basis of this report is subject to market risk, and there is no recourse to claim losses incurred on such investments. Past performance is not indicative of future results.

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