The business segments of TCS’s business include industry verticals. These clusters deal with banking, financial services and insurance (BFSI), communications, media and technology (CMT), retail and consumer business, manufacturing and others.
Since 2004, Tata Consultancy Services (TCS) has declared 78 dividends. Dividends fall within the categories of special, interim and final.
The major shareholders of TCS are:
In the quarter that came to a close on 31 December 2023, the net profit of TCS stood at over Rs. 10,800 crores. Its revenue was Rs. 58,229.
The return on equity (ROE) of TCS is 49.48%.
Almost ten stocks from the Tata Group have outperformed the benchmark index, the Sensex by 4.5% in returns. With 50% returns in 2022, most of the companies in the Tata stable have proved their mettle, but TCS was down by 13% in comparison. As a result, its market capitalisation may have reduced from 2021 levels. However, the strong company with a fresh workforce aims to come back with a bang.
The debt-to-equity ratio of TCS is 0.
The dividend yield of TCS is 1.38%.
The main aim for TCS to grow is to broaden and deepen client relationships in a bid to widen the customer base. Training employees and investing in fresh talent will help the company achieve these aims. TCS’s forecast for growth in terms of earnings and revenue is above 10% and above 8%, respectively. The ROE and EPS are also estimated to grow by 37% and over 10%, respectively. Analysts say that overall growth prospects are positive.
According to the share price forecast for Tata Consultancy Services, the stock has an average target of 3,595 and is currently trading around 3,280 per share. Rating agencies have maintained a ‘neutral’ rating for the stock.
Its highest price ever was recorded in September, 2021, when one share of the company was worth more than 3,800. Ever since, the stock has been experiencing fluctuations due to multiple reasons and is down by over 3.8% in the past one year.
TCS is India’s leading IT services company and a part of the Tata Group. The stock price target for TCS for 2024 is 3,975, with a range of ₹3,800 to ₹4,150.
IT giant TCS had declared a final dividend of 24 per share for FY 2022-23 on April 13, 2023. The record date for the dividend has not yet been announced. Once the shareholders approve the dividend, it will be paid. The payout date will be the fourth day from the conclusion of the 28thAGM (annual general meeting) of the company.
The dividend yield of TCS comes out to be 3.49% considering the fact that the IT company declared dividend 5 times of 113 per share in the past 12 months (FY 2022-23). TCS is known for its healthy practice of paying dividends and in FY23, the company has given one of the highest dividends.