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TCS - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.5

Last Updated Time : 04 May 26, 11:42 am

Fundamental Rating: 4.5

Stock Code TCS Market Cap 8,95,079 Cr. Current Price 2,474 ₹ High / Low 3,630 ₹
Stock P/E 17.1 Book Value 234 ₹ Dividend Yield 2.43 % ROCE 76.7 %
ROE 65.2 % Face Value 1.00 ₹ DMA 50 2,586 ₹ DMA 200 2,964 ₹
Chg in FII Hold -0.71 % Chg in DII Hold 0.53 % PAT Qtr 14,526 Cr. PAT Prev Qtr 12,684 Cr.
RSI 46.1 MACD -17.9 Volume 44,27,098 Avg Vol 1Wk 45,12,311
Low price 2,346 ₹ High price 3,630 ₹ PEG Ratio 1.69 Debt to equity 0.11
52w Index 9.94 % Qtr Profit Var 30.7 % EPS 136 ₹ Industry PE 21.6

📊 TCS (Tata Consultancy Services Ltd.) demonstrates exceptional fundamentals with ROE of 65.2% and ROCE of 76.7%, reflecting world-class efficiency and profitability. EPS of ₹136 provides strong earnings visibility, while quarterly PAT growth of 30.7% (₹14,526 Cr vs ₹12,684 Cr) highlights robust momentum. Valuations remain attractive with a P/E of 17.1 compared to industry average of 21.6, and PEG ratio of 1.69 suggests fair growth-adjusted value. Dividend yield of 2.43% adds income stability. Technical indicators show weakness (RSI 46.1, MACD -17.9), but fundamentals remain highly supportive for long-term investors.

💰 Ideal Entry Price Zone: ₹2,400 – ₹2,500 (aligned with valuation comfort and 52-week low).

📈 Exit / Holding Strategy: Hold for 5+ years; consider partial profit booking near ₹3,500–₹3,600 resistance. Long-term holding is justified given strong profitability metrics, global IT demand, and consistent dividend payouts.


✅ Positive

  • Exceptional ROE (65.2%) and ROCE (76.7%) highlight operational efficiency.
  • Quarterly PAT growth of 30.7% shows strong earnings momentum.
  • EPS of ₹136 supports valuation strength.
  • Dividend yield of 2.43% provides steady income support.
  • Valuation comfort with P/E (17.1) below industry average (21.6).

⚠️ Limitation

  • Weak technical indicators (RSI 46.1, MACD -17.9).
  • FII holdings decreased (-0.71%), showing reduced foreign interest.
  • Stock trading below 50 DMA (₹2,586) and 200 DMA (₹2,964).

📉 Company Negative News

  • Short-term technical weakness with RSI below 50 and bearish MACD.
  • Reduced foreign institutional participation.

📈 Company Positive News

  • Strong quarterly profit growth and earnings momentum.
  • Domestic institutional investors increasing stake (+0.53%).
  • Robust fundamentals with high ROE/ROCE and consistent dividend payouts.

🏭 Industry

  • IT services sector trading at PE 21.6, offering moderate valuation levels.
  • Industry supported by global demand for digital transformation, cloud, and AI services.

🔎 Conclusion

TCS is a strong candidate for long-term investment, driven by exceptional ROE/ROCE, attractive valuations, and consistent dividend support. Entry near ₹2,400–₹2,500 offers favorable risk-reward. Hold for 5+ years with profit booking near ₹3,500–₹3,600 resistance. Despite short-term technical weakness, strong fundamentals and sectoral demand make TCS highly attractive for portfolio inclusion.

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