Tata Consultancy Services Limited (TCS) - Net Assets

Latest as of March 2026: Rs1.09 Trillion INR ≈ $11.75 Billion USD

Based on the latest financial reports, Tata Consultancy Services Limited (TCS) has net assets worth Rs1.09 Trillion INR (≈ $11.75 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.82 Trillion ≈ $19.72 Billion USD) and total liabilities (Rs737.68 Billion ≈ $7.98 Billion USD). 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. Check Tata Consultancy Services Limited (TCS) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.09 Trillion
% of Total Assets	59.55%
Annual Growth Rate	17.66%
5-Year Change	20.88%
10-Year Change	25.44%
Growth Volatility	28.53

Tata Consultancy Services Limited - Net Assets Trend (2005–2026)

This chart illustrates how Tata Consultancy Services Limited's net assets have evolved over time, based on quarterly financial data. See Tata Consultancy Services Limited (TCS) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Tata Consultancy Services Limited (2005–2026)

The table below shows the annual net assets of Tata Consultancy Services Limited from 2005 to 2026. For live valuation and market cap data, see market value of Tata Consultancy Services Limited.

Year	Net Assets	Change
2026-03-31	Rs1.09 Trillion ≈ $11.75 Billion	+13.40%
2025-03-31	Rs957.71 Billion ≈ $10.36 Billion	+4.88%
2024-03-31	Rs913.19 Billion ≈ $9.88 Billion	+0.12%
2023-03-31	Rs912.06 Billion ≈ $9.86 Billion	+1.51%
2022-03-31	Rs898.46 Billion ≈ $9.72 Billion	+3.14%
2021-03-31	Rs871.08 Billion ≈ $9.42 Billion	+2.78%
2020-03-31	Rs847.49 Billion ≈ $9.17 Billion	-5.73%
2019-03-31	Rs898.99 Billion ≈ $9.72 Billion	+5.11%
2018-03-31	Rs855.30 Billion ≈ $9.25 Billion	-1.21%
2017-03-31	Rs865.80 Billion ≈ $9.36 Billion	+21.21%
2016-03-31	Rs714.27 Billion ≈ $7.72 Billion	+37.99%
2015-03-31	Rs517.63 Billion ≈ $5.60 Billion	+3.73%
2014-03-31	Rs499.03 Billion ≈ $5.40 Billion	+26.85%
2013-03-31	Rs393.41 Billion ≈ $4.25 Billion	+57.60%
2012-03-31	Rs249.63 Billion ≈ $2.70 Billion	+32.58%
2011-03-31	Rs188.28 Billion ≈ $2.04 Billion	+17.85%
2010-03-31	Rs159.77 Billion ≈ $1.73 Billion	+27.69%
2009-03-31	Rs125.13 Billion ≈ $1.35 Billion	+38.08%
2008-03-31	Rs90.62 Billion ≈ $980.01 Million	+47.02%
2007-03-31	Rs61.64 Billion ≈ $666.56 Million	+116.15%
2006-03-31	Rs28.51 Billion ≈ $308.38 Million	-20.07%
2005-03-31	Rs35.67 Billion ≈ $385.79 Million	--

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 8608.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	Rs998.83 Billion	93.03%
Common Stock	Rs3.62 Billion	0.34%
Other Comprehensive Income	Rs69.95 Billion	6.52%
Other Components	Rs1.26 Billion	0.12%
Total Equity	Rs1.07 Trillion	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
Westpac Banking Corporation AU:WBC	$86.38 Billion
Elevance Health Inc NYSE:ELV	$86.39 Billion
National Grid PLC ADR NYSE:NGG	$86.46 Billion
Johnson Controls International PLC NYSE:JCI	$86.50 Billion
Barclays PLC MX:BCSN	$86.04 Billion
American Tower Corp NYSE:AMT	$85.94 Billion
U.S. Bancorp NYSE:USB	$85.92 Billion
Synopsys Inc NASDAQ:SNPS	$85.89 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 2025 to 2026, total equity changed from 947,560,000,000 to 1,073,660,000,000, a change of 126,100,000,000 (13.3%).
Net income of 492,100,000,000 contributed positively to equity growth.
Dividend payments of 394,370,000,000 reduced retained earnings.
Share repurchases of 1,260,000,000 reduced equity.
New share issuances of 1,260,000,000 increased equity.
Other comprehensive income increased equity by 26,360,000,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs492.10 Billion	+45.83%
Dividends Paid	Rs394.37 Billion	-36.73%
Share Repurchases	Rs1.26 Billion	-0.12%
Share Issuances	Rs1.26 Billion	+0.12%
Other Comprehensive Income	Rs26.36 Billion	+2.46%
Other Changes	Rs2.01 Billion	+0.19%
Total Change	Rs-	13.31%

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: 7.41x
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 237.99x to 7.41x 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	Rs9.24	Rs2199.00	x
2006-03-31	Rs15.32	Rs2199.00	x
2007-03-31	Rs22.61	Rs2199.00	x
2008-03-31	Rs31.42	Rs2199.00	x
2009-03-31	Rs40.11	Rs2199.00	x
2010-03-31	Rs47.18	Rs2199.00	x
2011-03-31	Rs62.60	Rs2199.00	x
2012-03-31	Rs75.56	Rs2199.00	x
2013-03-31	Rs98.73	Rs2199.00	x
2014-03-31	Rs125.58	Rs2199.00	x
2015-03-31	Rs129.25	Rs2199.00	x
2016-03-31	Rs180.35	Rs2199.00	x
2017-03-31	Rs218.77	Rs2199.00	x
2018-03-31	Rs221.16	Rs2199.00	x
2019-03-31	Rs236.02	Rs2199.00	x
2020-03-31	Rs224.19	Rs2199.00	x
2021-03-31	Rs231.10	Rs2199.00	x
2022-03-31	Rs240.99	Rs2199.00	x
2023-03-31	Rs247.12	Rs2199.00	x
2024-03-31	Rs248.13	Rs2199.00	x
2025-03-31	Rs261.89	Rs2199.00	x
2026-03-31	Rs296.75	Rs2199.00	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): 45.83%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 18.43%
• Asset Turnover: 1.46x
• Equity Multiplier: 1.70x
Recent ROE (45.83%) is above the historical average (42.02%), 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	Rs26.19 Billion
2006	49.46%	22.37%	2.51x	0.88x	Rs23.67 Billion
2007	47.60%	22.55%	2.17x	0.97x	Rs33.28 Billion
2008	40.86%	22.22%	1.72x	1.07x	Rs37.96 Billion
2009	33.48%	18.90%	1.58x	1.12x	Rs36.86 Billion
2010	37.91%	23.31%	1.33x	1.23x	Rs51.54 Billion
2011	37.01%	24.30%	1.36x	1.12x	Rs66.18 Billion
2012	35.21%	21.30%	1.50x	1.10x	Rs74.56 Billion
2013	36.01%	22.09%	1.21x	1.35x	Rs100.53 Billion
2014	38.96%	23.43%	1.22x	1.36x	Rs142.44 Billion
2015	39.21%	20.97%	1.28x	1.45x	Rs147.89 Billion
2016	34.15%	22.34%	1.22x	1.25x	Rs171.63 Billion
2017	30.49%	22.29%	1.14x	1.20x	Rs176.68 Billion
2018	30.34%	20.98%	1.16x	1.25x	Rs173.13 Billion
2019	35.19%	21.49%	1.27x	1.29x	Rs225.27 Billion
2020	38.44%	20.61%	1.30x	1.44x	Rs239.27 Billion
2021	37.52%	19.75%	1.26x	1.51x	Rs237.87 Billion
2022	43.00%	19.99%	1.36x	1.59x	Rs294.13 Billion
2023	46.61%	18.69%	1.57x	1.59x	Rs331.05 Billion
2024	50.73%	19.06%	1.64x	1.62x	Rs368.59 Billion
2025	51.24%	19.02%	1.60x	1.68x	Rs390.77 Billion
2026	45.83%	18.43%	1.46x	1.70x	Rs384.73 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: $4,547,580,931
Average return on equity (ROE) among peers: 24.90%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tata Consultancy Services Limited (TCS)	Rs1.09 Trillion	85.31%	0.68x	$86.04 Billion
AAA Technologies Limited (AAATECH)	$279.56 Million	11.49%	0.05x	$13.41 Million
Accelya Solutions India Limited (ACCELYA)	$2.83 Billion	33.18%	0.45x	$179.81 Million
Adroit Infotech Limited (ADROITINFO)	$198.50 Million	19.06%	0.72x	$5.85 Million
Airan Limited (AIRAN)	$174.13 Million	4.67%	0.71x	$21.88 Million
Alankit Limited (ALANKIT)	$335.97 Million	11.00%	0.55x	$24.52 Million
Bartronics India Limited (ASMS)	$341.75 Million	17.37%	0.99x	$26.94 Million
BIRLASOFT LIMITED (BSOFT)	$34.78 Billion	14.86%	0.28x	$980.06 Million
Computer Age Management Services Limited (CAMS)	$4.49 Billion	29.02%	0.64x	$2.12 Billion
Cigniti Technologies Limited (CIGNITITEC)	$1.51 Billion	97.75%	1.04x	$374.23 Million
Cambridge Technology Enterprises Limited (CTE)	$533.25 Million	10.59%	2.19x	$6.52 Million

About Tata Consultancy Services Limited

NSE:TCS India Information Technology Services

Market Cap

$86.04 Billion

Rs7.96 Trillion INR

Market Cap Rank

#301 Global

#3 in India

Share Price

Rs2199.00

Change (1 day)

+1.71%

52-Week Range

Rs2135.60 - Rs3462.00

All Time High

Rs4542.67