Key Metrics of Tata Consultancy Services
About Tata Consultancy Services
Sectors
Company details
- Website
- tcs.com
- Founded
- 1968
- Registered office
- 9th Floor, Nirmal Building Nariman Point, Mumbai, In-mh, 400021
- Listed
- NSE: TCS · ₹2,535.00
Operational Areas of Tata Consultancy Services
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 20 Aug 2026 | ICRA | Reaffirmed | AAA | A1+ | Stable | ₹9,000 Cr | View |
Credit strengths (ICRA, Aug 2026)
+ Full-service capability with rising share of digital business; proven ability to secure and handle large-scale projects globally
The company’s ability to offer full-service capabilities has helped it win deals across a wide spectrum of verticals, which include artificial intelligence and data analytics, cloud, consulting, enterprise solutions, cybersecurity, digital engineering and sustainability solutions, among others.
+ Diversified client base with high repeat business
The company benefits from a large and diversified customer base spread across industries such as BFSI, retail, manufacturing, healthcare, technology, communication and public services.
+ Robust financial profile, given healthy profitability, cash accruals and strong liquidity position
The company’s financial profile remains robust, as reflected in its high operating profitability, strong capital structure with continued external debt- free status and superior liquidity position in the form of cash/bank balances and other investments worth Rs. 48,309 crore as on March 2026.
Credit challenges
− Exposure to intense competition in global IT services industry
The global IT services industry is dominated by several large players, leading to intense margin pressure as the competitive landscape limits pricing flexibility and necessitates continuous investments in technology capabilities, talent development, innovation and client relationships.
Could lead to a downgrade
Pressure on the ratings could arise in case of a material deterioration in the company’s credit profile because of a sustained and sharp decline in its operating performance and/or disproportionate dividend payouts/share buybacks and/or a large debt-funded acquisition. www.icra.in Sensitivity Label : Public Page |4
Agency-reported financials (ICRA, 20 Aug 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹2,55,324 Cr | ₹2,67,021 Cr |
| PAT | ₹48,797 Cr | ₹49,454 Cr |
| OPBDIT/OI | 26.4% | 27.1% |
| PAT/OI | 19.1% | 18.5% |
| Total outside liabilities/Tangible net worth (times) | 0.60× | 0.60× |
| Total debt/OPBDIT (times) | 0.10× | 0.20× |
| Interest coverage (times) | 84.70× | 59.00× |
| Revenue growth (YoY) | — | 4.6% |
| EBITDA (margin × income) | ₹67,406 Cr | ₹72,363 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹6,741 Cr | ₹14,473 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹796 Cr | ₹1,226 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term Short-term – Fund based Limits | Working capital & bank lines | ₹20.0 Cr | ₹20.0 Cr | 0.0% | AAA / A1+ (Stable) | Reaffirmed | ICRA |
| Long-term Short-term – Non-fund based Limits | Non-fund based limits | ₹7,677 Cr | ₹6,242 Cr | −18.7% | AAA / A1+ (Stable) | Reaffirmed | ICRA |
| Long-term Short-term – Fund based/Non fund based | Non-fund based limits | ₹1,040 Cr | ₹1,033 Cr | −0.7% | AAA / A1+ (Stable) | Reaffirmed | ICRA |
| Long-term Short-term-Unallocated | Working capital & bank lines | ₹263 Cr | ₹1,705 Cr | 548.3% | AAA / A1+ (Stable) | Reaffirmed | ICRA |
Credit assessment · Services
Rating Methodology – Service Sector Companies · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Information on file | 56% · missing: Capex / investment plans, Lender details, Auditor details, Recent rating review (last 15 months) |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 89% chance the next rating action is stable or better
- Current rating AAA (investment grade)
- Interest coverage 59×
- ₹1,705 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Tata Consultancy Services
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 HCL Technologies |
Indian IT Services · IT Services & Software | hcltech.com | 1991 | New Delhi, India |
 LTM LIMITED |
Indian IT Services · Business Services | ltm.com | 1997 | Mumbai, Maharashtra, India |
 Mphasis |
Indian IT Services · IT Services & Software | mphasis.com | 2000 | Bangalore, India |
 Persistent Systems |
IT Services & Consulting · IT Services | persistent.com | 1990 | Pune, India |
 Meesho |
Product & Internet Companies · IT Services & Software | meesho.com | — | Bangalore, India |
| Indian IT Services · Business Services | ltts.com | — | Mumbai, Maharashtra, India | |
| CMR GREEN TECHNOLOGIES LIMITED | Indian IT Services · IT Services & Software | — | — | Faridabad, Haryana, India |
 KPIT TECHNOLOGIES LIMITED |
Indian IT Services · Business Services | kpit.com | 1990 | Pune, Maharashtra, India |
 Zensar Technologies |
Indian IT Services · IT Services & Software | zensar.com | — | Pune, India |
| LUMAX AUTO TECHNOLOGIES LIMITED | Indian IT Services · IT Services & Software | — | — | New Delhi, Delhi, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Group companies
Business activities and related parties
IT services, consulting and business solutions
Filings
No filings on record yet.