TCS
Tata Consultancy Services Limited
Each stock's 10,000-path forecast, rendered as light.
Tata Consultancy Services Limited (TCS) Stock Analysis & Case Study
Is TCS a good buy? The data-driven verdict.
Tata Consultancy Services Limited (TCS) trades at ₹2,373,on the numbers it screens attractive, a Downstox Snapshot Score of 83/100.
On the numbers, Tata Consultancy Services Limited (TCS) screens attractive, a Downstox Snapshot Score of 83/100, weighing fairly valued at 16.0× earnings, ROE of 51.8%, a 63% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
TCS fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How TCS ranks against the 2,373 companies in our screener
- TCS's market cap of 8.87L Cr ranks in the top 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TCS's book value of ₹296 ranks in the 80th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TCS's promoter holding of 71.8% ranks in the 79th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TCS's 3-year profit (PAT) growth of 8.0% ranks in the 40th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TCS's 3-year revenue growth of 6.0% ranks in the 38th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TCS's debt-to-equity ratio of 0.11x is lower than 75% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is TCS overvalued? TCS P/E vs its IT
TCS's P/E of 16.0× sits below the IT peer median of 20.3×, so on earnings it screens cheaper than peers, while its 2.70% dividend yield is below the peer median of 3.12%.
TCS share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of TCS history (6%/yr drift, 24%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| TCS 2027 | ₹1,944 | ₹2,657 | ₹3,632 | +8% |
| TCS 2028 | ₹1,845 | ₹2,879 | ₹4,492 | +17% |
| TCS 2029 | ₹1,824 | ₹3,119 | ₹5,333 | +27% |
| TCS 2030 | ₹1,818 | ₹3,378 | ₹6,278 | +38% |
| TCS 2031 | ₹1,829 | ₹3,660 | ₹7,326 | +49% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability TCS goes up, or doubles?
The bull case for TCS
- TCS's P/E of 16.5x is lower than 70% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TCS's return on equity of 51.8% ranks in the top 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TCS's return on capital employed of 63.0% ranks in the top 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TCS's dividend yield of 2.6% ranks in the 92nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- A 10,000-path probability model puts a 63% chance the price is higher in a year, with a median target of ₹2,657 (+8%).
- Relatively low volatility (24%/yr), a steadier ride than the typical mid/small-cap.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹5,333.
The bear case & risks
- A steep 8.0× price-to-book means most of the value is intangible/expectations, not assets on the books.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹1,824.
TCS volatility & expected range, how bumpy is the ride?
Over the last 9.8 years TCS compounded at 6%/year with annualized volatility of 24%. That volatility implies a 1-year 80% range of ₹1,944-₹3,632, the honest backbone behind any single price target.
TCS price forecast, the full 60-month probability fan
TCS price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds TCS hits common targets within the simulated horizon?
Full multi-horizon detail on the TCS price target & forecast page.
TCS Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. TCS scores 6/8, mixed financial health.
TCS MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy TCS with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 25.02% | 4.0× |
| Zerodha | 24.40% | 4.1× |
| Groww | 24.29% | 4.1× |
| Dhan | 22.00% | 4.5× |
| Kotak Neo | 21.60% | 4.6× |
| Paytm MoneyCHEAPEST | 21.54% | 4.6× |
| Pocketful | 28.21% | 3.5× |
| Anand Rathi | 28.59% | 3.5× |
| Bajaj Broking | 23.00% | 4.3× |
| Share India | 28.54% | 3.5× |
Compare every broker on the TCS MTF page.
TCS vs peers,IT comparison
| Stock | P/E | Div yield | Market cap |
|---|---|---|---|
| TCS (this stock) | 16.0× | 2.70% | ₹8.56L Cr |
| INFY | 15.3× | 4.08% | ₹4.77L Cr |
| HCLTECH | 20.3× | 3.98% | ₹3.68L Cr |
| WIPRO | 14.0× | 5.87% | ₹1.86L Cr |
| TECHM | 30.1× | 3.12% | ₹1.60L Cr |
| PERSISTENT | 43.4× | 0.73% | ₹86,368 Cr |
| COFORGE | 41.0× | 0.68% | ₹78,663 Cr |
Fundamentals from Screener.in, as of 9 Aug 2026
About Tata Consultancy Services Limited: sector, index & market-cap context
Tata Consultancy Services Limited (TCS) is a large-cap NSE-listed company in the IT sector, and a constituent of the Nifty 50 index, with a market capitalisation of ₹8.56L Cr. See more stocks on our screener.
How the TCS Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Tata Consultancy Services Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
TCS analysis, FAQs
Is Tata Consultancy Services Limited (TCS) a good buy?
On the numbers, Tata Consultancy Services Limited (TCS) screens attractive, a Downstox Snapshot Score of 83/100, weighing fairly valued at 16.0× earnings, ROE of 51.8%, a 63% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is TCS overvalued or undervalued?
TCS trades at 16.0× earnings versus a peer median of 20.3×, so it screens cheaper than its IT peers.
What is the TCS share price target for 2031?
TCS's probability-weighted 2031 median target is ₹3,660, with an 80% range of ₹1,829-₹7,326 (10,000-path Monte-Carlo).
What is the probability TCS doubles in 5 years?
The modelled probability of TCS reaching ₹4,905 (2×) within 5 years is 30%.
What is the bull case for TCS?
TCS's P/E of 16.5x is lower than 70% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. TCS's return on equity of 51.8% ranks in the top 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. TCS's return on capital employed of 63.0% ranks in the top 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in TCS?
A steep 8.0× price-to-book means most of the value is intangible/expectations, not assets on the books.