Add TCS, target price Rs 3,900: Emkay Global

Emkay Global Financial Services has an Add call on Tata Consultancy Services with a target price of Rs 3,900. The current market price of TCS is Rs 3,440. Tata Consultancy Services., incorporated in 1995, is a Large Cap company with a market cap of Rs 1251008.03 crore, operating in IT Software sector.

Tata Consultancy Services' key products/revenue segments include Consultancy Income and Sale of Equipment & Software Licences for the year ending 31-Mar-2024.

Financials

For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 65,216 crore, up .35% from last quarter Total Income of Rs 64,988 crore and up 6.14% from last year same quarter Total Income of Rs 61,445 crore. The company has reported net profit after tax of Rs 12,444 crore in the latest quarter.

The company's top management includes Mr.Keki M Mistry, Mr.N Chandrasekaran, Mr.K Krithivasan, Mr.N G Subramaniam, Ms.Aarthi Subramanian, Mr.O P Bhatt, Dr.Pradeep Kumar Khosla, Ms.Hanne Sorensen, Mr.Al-Noor Ramji. Company has B S R & Co. LLP as its auditors. As on 31-12-2024, the company has a total of 362 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 71.77 per cent stake in the company as of 31-Dec-2024, while FIIs owned 12.68 per cent, DIIs 10.82 per cent.