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    Equity Resurch Report

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    Zatch Series Unlimited
    This report provides an analysis of Tata Consultancy Services (TCS) which is India's largest IT services company. TCS has a current market capitalization of Rs. 824,587 crores and trades at 25.56 times its earnings. The report recommends a buy call on TCS with a medium-term target of Rs. 2,400 and long-term target of Rs. 2,600 which would result in potential returns of 9.09% and 18.18% respectively. The company has shown consistent revenue and profit growth in recent years.

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    Equity Resurch Report

    Uploaded by

    Zatch Series Unlimited
    32 views10 pages
    This report provides an analysis of Tata Consultancy Services (TCS) which is India's largest IT services company. TCS has a current market capitalization of Rs. 824,587 crores and trades at 25.56 times its earnings. The report recommends a buy call on TCS with a medium-term target of Rs. 2,400 and long-term target of Rs. 2,600 which would result in potential returns of 9.09% and 18.18% respectively. The company has shown consistent revenue and profit growth in recent years.

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    TCS (TATA CONSULTANCY SERVICES)

    Original Title

    equity Resurch Report

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    This report provides an analysis of Tata Consultancy Services (TCS) which is India's largest IT services company. TCS has a current market capitalization of Rs. 824,587 crores and trades at 25.56 times its earnings. The report recommends a buy call on TCS with a medium-term target of Rs. 2,400 and long-term target of Rs. 2,600 which would result in potential returns of 9.09% and 18.18% respectively. The company has shown consistent revenue and profit growth in recent years.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    32 views10 pages

    Equity Resurch Report

    Uploaded by

    Zatch Series Unlimited
    This report provides an analysis of Tata Consultancy Services (TCS) which is India's largest IT services company. TCS has a current market capitalization of Rs. 824,587 crores and trades at 25.56 times its earnings. The report recommends a buy call on TCS with a medium-term target of Rs. 2,400 and long-term target of Rs. 2,600 which would result in potential returns of 9.09% and 18.18% respectively. The company has shown consistent revenue and profit growth in recent years.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 10

    EQUITY RESURCH REPORT

    COMPANY NAME:TCS LTD


    CMP:2290
    SECTOR: IT
    TP:3600

    TATA CONSULTANCY SERVICES(TCS) is an indian multinational


    information technology (IT) service and consulting company
    headquartered in Mumbai, Maharashtra, india.it is a subsidiary
    of tata group and operates in 149 locations across 46 countries.
    TCS is the largest indian company by market capitalization. TCS
    is now place among the most valuable IT services brands
    worldwide. In 2015 TCS was ranked 64th overall in the forbes
    worlds most innovative companies ranking, making it both the
    highest ranked IT services company and the top indian
    company. It is the worlds largest IT service provider. As of
    2018, it is ranked 11th fortune india 500 list. In april 2018, TCS
    become the first indian company to reach $100 billion market
    capitalization, and second indian company ever (after reliance
    industries achieved it in 2007) after its market caoitalization
    stood at ₨6,79,332.81 crore ($102.6 billion) on the bombey
    stock exchange.
    In 2016-17, parent company tata sons own 70% of tata sons
    dividends were generated by TCS. In march 2018, tata sons
    decided to sell stocks os tcs worth $1.25 billion in a bulk deal.

    Company overview:

    MCap Rs 824,587
    (INR Cr.)
    Price/Earnings 25.56
    (x)
    Book value 238.37
    per share
    52 week 2296.20/1784.00
    High/low
    Earning per 85.58
    share

    Shareholding Pattern

    Shareholders Stake
    (%)
    Promoters 72.05
    FII 15.88
    DII 8.53
    Insurance co 5.18
    Others 3.54
    Business outlook
     Income statement
    Narration mar-16 mar-
    17 mar-18 mar-19
    SALES 108,646 117,966 123,104 146,463
    EXPENSES 77,969 85,655 90,588 106,957
    Operating profit 30,677 32,311 32,516 39,506
    OPM % 28% 27% 26% 27%
    OTHER INCOME 3,084 4,221 3,642 4,311
    INTEREST 33 32 52 198
    DEPRECIATION 1,888 1,987 2,014 2,056
    PROFIT BEFORE TAX 31,840 34,513 34,092 41,563
    TAX% 24% 24% 24% 24%
    NET PROFIT 24,270 26,897 25,826 31,472

    EPS IN RS 57.83 62.20 67.61 83.93


    DIVIDEND PAYOUT % 35% 35% 37% 36%
     Balance Sheet
    Narration mar-16 mar-
    17 mar-18 mar-19
    SHARE CAPITAL 197 197 191 375
    RESERVES 70,875 86,017 84,937 89,071
    BORROWINGS 245 289 247 62
    OTHER LIABILITIES 17,814 17,056 20,922 25,596
    TOTAL LIABILITIES 89,131 103,559 106,297 115,104
    FIXED ASSETS 11,774 11,701 11,973 12,290
    CWIP 1670 1,541 1278 963
    INVESTMENT 22822 41,980 36,008 29,330
    OTHER ASSETS 52,865 48,337 57,038 72,521
    TOTAL ASSETS 89,131 103,559 106,297 115,104

     Cash Flows
    Narration Mar-16
    mar-17 mar-18 mar-19
    Cash from operating activity 19,109 25,223 25,067 28,593
    Cash from investing activity -5,010 -16,895 3,104 1,645
    Cash from financial activity -9,666 -11,026 -26,885 -27,897
    NET CASH FLOWS 4,433 -2,698 1,286 2,341

    Technical Analysis
    Y-O-Y REVENUE GROWTH:
    As evident, the company has reported
    consistent growth in sales and profit level both
    on y-o-y basis and a Q-O-Q basis. the profits of
    the company has increasing on year on year
    basis.
    Research call:

    Call Buying Target Potentiat


    level Returns
    Buy 2190- 2400(medium 9.09%
    2200 term)
    2600(long 18.18%
    term)

    Disclosure:
    The view and investment tips expressed by
    investment expert on money control.com are
    there own and not that of the website or its
    management. moneycontrol.com advise user to
    check with the certified expert befor taking any
    investment decisions.

    THANK
    YOU

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