Tata Consultancy Services Limited
Tata Consultancy Services Limited provides information technology (IT) and IT enabled services in the Americas, Europe, India, and internationally. The company provides TCS ADD, a suite of AI powered life sciences platforms; TCS BaNCS, a financial services platform; TCS BFSI Platforms, a cloud-native, as-a-service digital ecosystem for insurers and financial firms; TCS Chroma, a cloud-based human… Read more
Tata Consultancy Services Limited (TCS) - Net Assets
Latest net assets as of December 2025: ₹1.15 Trillion INR
Based on the latest financial reports, Tata Consultancy Services Limited (TCS) has net assets worth ₹1.15 Trillion INR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹1.84 Trillion) and total liabilities (₹696.86 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹1.15 Trillion |
| % of Total Assets | 62.18% |
| Annual Growth Rate | 17.88% |
| 5-Year Change | 9.95% |
| 10-Year Change | 34.08% |
| Growth Volatility | 29.19 |
Tata Consultancy Services Limited - Net Assets Trend (2005–2025)
This chart illustrates how Tata Consultancy Services Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tata Consultancy Services Limited (2005–2025)
The table below shows the annual net assets of Tata Consultancy Services Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹957.71 Billion | +4.88% |
| 2024-03-31 | ₹913.19 Billion | +0.12% |
| 2023-03-31 | ₹912.06 Billion | +1.51% |
| 2022-03-31 | ₹898.46 Billion | +3.14% |
| 2021-03-31 | ₹871.08 Billion | +2.78% |
| 2020-03-31 | ₹847.49 Billion | -5.73% |
| 2019-03-31 | ₹898.99 Billion | +5.11% |
| 2018-03-31 | ₹855.30 Billion | -1.21% |
| 2017-03-31 | ₹865.80 Billion | +21.21% |
| 2016-03-31 | ₹714.27 Billion | +37.99% |
| 2015-03-31 | ₹517.63 Billion | +3.73% |
| 2014-03-31 | ₹499.03 Billion | +26.85% |
| 2013-03-31 | ₹393.41 Billion | +57.60% |
| 2012-03-31 | ₹249.63 Billion | +32.58% |
| 2011-03-31 | ₹188.28 Billion | +17.85% |
| 2010-03-31 | ₹159.77 Billion | +27.69% |
| 2009-03-31 | ₹125.13 Billion | +38.08% |
| 2008-03-31 | ₹90.62 Billion | +47.02% |
| 2007-03-31 | ₹61.64 Billion | +116.15% |
| 2006-03-31 | ₹28.51 Billion | -20.07% |
| 2005-03-31 | ₹35.67 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tata Consultancy Services Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7749.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹900.35 Billion | 95.02% |
| Common Stock | ₹3.62 Billion | 0.38% |
| Other Comprehensive Income | ₹43.59 Billion | 4.60% |
| Total Equity | ₹947.56 Billion | 100.00% |
Tata Consultancy Services Limited Competitors by Market Cap
The table below lists competitors of Tata Consultancy Services Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Halliburton Company
NYSE:HAL
|
$28.43 Billion |
|
Tapestry Inc
NYSE:TPR
|
$28.57 Billion |
|
ENBNF
PINK:ENBNF
|
$28.61 Billion |
|
Kellanova
NYSE:K
|
$28.63 Billion |
|
FirstEnergy Corporation
NYSE:FE
|
$28.32 Billion |
|
HUATEI SECS.CO GDR S/10
F:206G
|
$28.31 Billion |
|
Chugai Pharmaceutical Co. Ltd
PINK:CHGCF
|
$28.30 Billion |
|
Workday Inc
NASDAQ:WDAY
|
$28.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tata Consultancy Services Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 904,890,000,000 to 947,560,000,000, a change of 42,670,000,000 (4.7%).
- Net income of 485,530,000,000 contributed positively to equity growth.
- Dividend payments of 448,640,000,000 reduced retained earnings.
- Share repurchases of 170,000,000,000 reduced equity.
- Other comprehensive income increased equity by 6,590,000,000.
- Other factors increased equity by 169,190,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹485.53 Billion | +51.24% |
| Dividends Paid | ₹448.64 Billion | -47.35% |
| Share Repurchases | ₹170.00 Billion | -17.94% |
| Other Comprehensive Income | ₹6.59 Billion | +0.7% |
| Other Changes | ₹169.19 Billion | +17.86% |
| Total Change | ₹- | 4.72% |
Book Value vs Market Value Analysis
This analysis compares Tata Consultancy Services Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.20x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 260.88x to 9.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹9.24 | ₹2410.50 | x |
| 2006-03-31 | ₹15.32 | ₹2410.50 | x |
| 2007-03-31 | ₹22.61 | ₹2410.50 | x |
| 2008-03-31 | ₹31.42 | ₹2410.50 | x |
| 2009-03-31 | ₹40.11 | ₹2410.50 | x |
| 2010-03-31 | ₹47.18 | ₹2410.50 | x |
| 2011-03-31 | ₹62.60 | ₹2410.50 | x |
| 2012-03-31 | ₹75.56 | ₹2410.50 | x |
| 2013-03-31 | ₹98.73 | ₹2410.50 | x |
| 2014-03-31 | ₹125.58 | ₹2410.50 | x |
| 2015-03-31 | ₹129.25 | ₹2410.50 | x |
| 2016-03-31 | ₹180.35 | ₹2410.50 | x |
| 2017-03-31 | ₹218.77 | ₹2410.50 | x |
| 2018-03-31 | ₹221.16 | ₹2410.50 | x |
| 2019-03-31 | ₹236.02 | ₹2410.50 | x |
| 2020-03-31 | ₹224.19 | ₹2410.50 | x |
| 2021-03-31 | ₹231.10 | ₹2410.50 | x |
| 2022-03-31 | ₹240.99 | ₹2410.50 | x |
| 2023-03-31 | ₹247.12 | ₹2410.50 | x |
| 2024-03-31 | ₹248.13 | ₹2410.50 | x |
| 2025-03-31 | ₹261.89 | ₹2410.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tata Consultancy Services Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 51.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.02%
- • Asset Turnover: 1.60x
- • Equity Multiplier: 1.68x
- Recent ROE (51.24%) is above the historical average (41.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 85.31% | 22.37% | 2.51x | 1.52x | ₹26.19 Billion |
| 2006 | 49.46% | 22.37% | 2.51x | 0.88x | ₹23.67 Billion |
| 2007 | 47.60% | 22.55% | 2.17x | 0.97x | ₹33.28 Billion |
| 2008 | 40.86% | 22.22% | 1.72x | 1.07x | ₹37.96 Billion |
| 2009 | 33.48% | 18.90% | 1.58x | 1.12x | ₹36.86 Billion |
| 2010 | 37.91% | 23.31% | 1.33x | 1.23x | ₹51.54 Billion |
| 2011 | 37.01% | 24.30% | 1.36x | 1.12x | ₹66.18 Billion |
| 2012 | 35.21% | 21.30% | 1.50x | 1.10x | ₹74.56 Billion |
| 2013 | 36.01% | 22.09% | 1.21x | 1.35x | ₹100.53 Billion |
| 2014 | 38.96% | 23.43% | 1.22x | 1.36x | ₹142.44 Billion |
| 2015 | 39.21% | 20.97% | 1.28x | 1.45x | ₹147.89 Billion |
| 2016 | 34.15% | 22.34% | 1.22x | 1.25x | ₹171.63 Billion |
| 2017 | 30.49% | 22.29% | 1.14x | 1.20x | ₹176.68 Billion |
| 2018 | 30.34% | 20.98% | 1.16x | 1.25x | ₹173.13 Billion |
| 2019 | 35.19% | 21.49% | 1.27x | 1.29x | ₹225.27 Billion |
| 2020 | 38.44% | 20.61% | 1.30x | 1.44x | ₹239.27 Billion |
| 2021 | 37.52% | 19.75% | 1.26x | 1.51x | ₹237.87 Billion |
| 2022 | 43.00% | 19.99% | 1.36x | 1.59x | ₹294.13 Billion |
| 2023 | 46.61% | 18.69% | 1.57x | 1.59x | ₹331.05 Billion |
| 2024 | 50.73% | 19.06% | 1.64x | 1.62x | ₹368.59 Billion |
| 2025 | 51.24% | 19.02% | 1.60x | 1.68x | ₹390.77 Billion |
Industry Comparison
This section compares Tata Consultancy Services Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $2,048,375,525
- Average return on equity (ROE) among peers: 9.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tata Consultancy Services Limited (TCS) | ₹1.15 Trillion | 85.31% | 0.61x | $28.40 Billion |
| 3i Infotech Limited (3IINFOLTD) | $1.91 Billion | 16.80% | 1.24x | $23.99 Million |
| AAA Technologies Limited (AAATECH) | $308.25 Million | 11.39% | 0.06x | $7.58 Million |
| Accelya Solutions India Limited (ACCELYA) | $1.81 Billion | 50.60% | 0.37x | $44.12 Million |
| Adroit Infotech Limited (ADROITINFO) | $62.35 Million | -0.08% | 1.33x | $2.94 Million |
| Allied Digital Services Limited (ADSL) | $4.46 Billion | 2.78% | 0.42x | $33.49 Million |
| Airan Limited (AIRAN) | $803.67 Million | 6.30% | 0.24x | $6.18 Million |
| Alankit Limited (ALANKIT) | $3.75 Million | 22.76% | 4.62x | $13.25 Million |
| Bartronics India Limited (ASMS) | $664.69 Million | -75.68% | 23.36x | $6.50 Million |
| BIRLASOFT LIMITED (BSOFT) | $2.64 Billion | 19.89% | 0.66x | $665.78 Million |
| Computer Age Management Services Limited (CAMS) | $7.82 Billion | 36.45% | 0.40x | $1.76 Billion |