Tata Consultancy Services (TCS) is a leading Indian multinational IT services and consulting company headquartered in Mumbai. With operations in 150 locations across 46 countries, TCS has been a trusted partner to global businesses for over 50 years.
Offering a wide range of services and solutions, TCS leverages cutting-edge technologies to drive business transformation. With a workforce of over 600,000 professionals, TCS combines industry expertise and innovation to deliver exceptional results. As the flagship company of the Tata Group, TCS upholds the values of integrity, excellence, and social responsibility.
With such strong results, it makes sense why investors are considering TCS as a possible stock purchase. What does this IT powerhouse’s future hold, though? In this piece, we’ll examine TCS’s share price target for the years 2024 to 2030 and assess if it would be a wise addition to your portfolio.
Recent News about TCS
- TCS, the foremost IT services giant in India, has rolled out its annual salary hike scheme for its workforce, demonstrating its commitment to employee welfare and retention.
- High-performing individuals within the organization can anticipate significant salary increments, ranging between 4.5 and 7 percent, reflecting TCS’s recognition and reward system for excellence.
- Despite the challenging economic landscape, TCS remains steadfast in its growth trajectory, aiming to bolster its workforce by welcoming approximately 40,000 new hires this year.
- Notably, TCS has managed to curtail attrition rates, maintaining it at 12.5 percent during the March 2024 quarter, a testament to its effective employee engagement and retention strategies.
- Additionally, TCS’s financial performance remains robust, with a notable 9.1 percent increase in net profit reported for the same quarter, showcasing the company’s resilience and adaptability in navigating market fluctuations.
TCS Q4 Results Highlights: Net profit at ₹12,434 crore
- TCS’s Q4 2024 results reveal a consolidated net profit of ₹12,434 crore, reflecting a substantial 9 percent increase from the previous year.
- Revenue from operations witnessed a modest year-on-year growth of 3.5 percent, amounting to ₹61,237 crore, despite prevailing global economic challenges.
- In constant currency terms, TCS achieved a commendable 2.2 percent revenue growth, showcasing resilience amidst economic uncertainties.
- Notably, the Indian business segment demonstrated remarkable performance with a significant 38 percent growth rate.
- The quarter concluded with TCS securing record deals valued at $13.2 billion, contributing to an all-time high FY24 order book TCV of $42.7 billion.
- Analysts are optimistic about TCS’s future prospects, foreseeing further enhancements in deal acquisitions and project ramp-ups, which are expected to drive positive impacts on the company’s share prices.
Below are the trading platforms that you can use to purchase Tata Consultancy Services shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2024 | 4,008.40 | 3,485.57 |
| May 2024 | 3,949.16 | 3,434.05 |
| June 2024 | 4,091.33 | 3,557.68 |
| July 2024 | 4,050.42 | 3,522.10 |
| August 2024 | 4,212.44 | 3,662.99 |
| September 2024 | 4,380.93 | 3,809.51 |
| October 2024 | 4,295.03 | 3,734.81 |
| November 2024 | 4,466.83 | 3,884.20 |
| December 2024 | 4,511.50 | 3,923.05 |
In April 2024, TCS’s shares are projected to reach a maximum price of ₹4,008.40 and a minimum price of ₹3,485.57. As the year progresses, both the maximum and minimum prices show a consistent uptrend month by month. By December 2024, TCS’s shares are forecasted to peak at a maximum of ₹4,511.50 and a minimum of ₹3,923.05, indicating sustained growth throughout the year.
| When | Maximum Price | Minimum Price |
| January 2025 | 4,342.37 | 3,340.28 |
| February 2025 | 4,351.07 | 3,346.98 |
| March 2025 | 4,442.44 | 3,417.26 |
| April 2025 | 4,355.34 | 3,350.26 |
| May 2025 | 4,228.48 | 3,252.68 |
| June 2025 | 4,418.76 | 3,399.05 |
| July 2025 | 4,332.12 | 3,332.40 |
| August 2025 | 4,466.10 | 3,435.46 |
| September 2025 | 4,519.70 | 3,476.69 |
| October 2025 | 4,637.21 | 3,567.08 |
| November 2025 | 4,753.14 | 3,656.26 |
| December 2025 | 4,967.03 | 3,820.79 |
As we step into January 2025, TCS’s shares are anticipated to open with a maximum price of ₹4,342.37 and a minimum price of ₹3,340.28, setting a positive trajectory for the year ahead. Moving through the months, the price range is projected to fluctuate, with February seeing a marginal increase to a maximum of ₹4,351.07 and a minimum of ₹3,346.98. By March, TCS’s shares are expected to demonstrate further resilience, with the maximum price reaching ₹4,442.44 and the minimum hovering around ₹3,417.26. This positive momentum continues throughout the year, culminating in December with a projected maximum price of ₹4,967.03 and a minimum of ₹3,820.79, reflecting sustained investor confidence and robust performance.
| When | Maximum Price | Minimum Price |
| January 2026 | 5,116.04 | 3,935.42 |
| February 2026 | 5,247.22 | 4,036.32 |
| March 2026 | 5,451.86 | 4,193.74 |
| April 2026 | 5,344.96 | 4,111.51 |
| May 2026 | 5,189.29 | 3,991.76 |
| June 2026 | 5,422.80 | 4,171.39 |
| July 2026 | 5,316.47 | 4,089.59 |
| August 2026 | 5,480.90 | 4,216.08 |
| September 2026 | 5,672.73 | 4,363.64 |
| October 2026 | 5,820.22 | 4,477.09 |
| November 2026 | 5,965.73 | 4,589.02 |
| December 2026 | 6,114.87 | 4,703.75 |
| When | Maximum Price | Minimum Price |
| January 2027 | 6,237.17 | 4,797.82 |
| February 2027 | 6,397.10 | 4,920.84 |
| March 2027 | 6,646.58 | 5,112.76 |
| April 2027 | 6,516.26 | 5,012.51 |
| May 2027 | 6,326.46 | 4,866.51 |
| June 2027 | 6,611.16 | 5,085.50 |
| July 2027 | 6,481.52 | 4,985.79 |
| August 2027 | 6,681.98 | 5,139.99 |
| September 2027 | 6,915.85 | 5,319.89 |
| October 2027 | 7,095.67 | 5,458.20 |
| November 2027 | 7,273.06 | 5,594.66 |
| December 2027 | 7,454.88 | 5,734.53 |
| When | Maximum Price | Minimum Price |
| January 2028 | 7,603.98 | 5,849.22 |
| February 2028 | 7,798.96 | 5,999.20 |
| March 2028 | 8,103.11 | 6,233.17 |
| April 2028 | 7,944.23 | 6,110.95 |
| May 2028 | 7,712.84 | 5,932.96 |
| June 2028 | 8,059.92 | 6,199.94 |
| July 2028 | 7,901.89 | 6,078.37 |
| August 2028 | 8,146.27 | 6,266.36 |
| September 2028 | 8,431.39 | 6,485.69 |
| October 2028 | 8,650.61 | 6,654.31 |
| November 2028 | 8,866.87 | 6,820.67 |
| December 2028 | 9,088.55 | 6,991.19 |
| When | Maximum Price | Minimum Price |
| January 2029 | 9,270.32 | 7,131.01 |
| February 2029 | 9,508.02 | 7,313.86 |
| March 2029 | 9,878.83 | 7,599.10 |
| April 2029 | 9,685.13 | 7,450.10 |
| May 2029 | 9,403.04 | 7,233.11 |
| June 2029 | 9,826.17 | 7,558.59 |
| July 2029 | 9,633.50 | 7,410.39 |
| August 2029 | 9,931.45 | 7,639.57 |
| September 2029 | 10,279.05 | 7,906.96 |
| October 2029 | 10,546.30 | 8,112.54 |
| November 2029 | 10,809.96 | 8,315.35 |
| December 2029 | 11,080.21 | 8,523.24 |
| When | Maximum Price | Minimum Price |
| January 2030 | 11,301.81 | 8,693.70 |
| February 2030 | 11,591.60 | 8,916.62 |
| March 2030 | 12,043.68 | 9,264.37 |
| April 2030 | 11,807.53 | 9,082.71 |
| May 2030 | 11,463.62 | 8,818.17 |
| June 2030 | 11,979.48 | 9,214.98 |
| July 2030 | 11,744.59 | 9,034.30 |
| August 2030 | 12,107.82 | 9,313.71 |
| September 2030 | 12,531.60 | 9,639.69 |
| October 2030 | 12,857.42 | 9,890.32 |
| November 2030 | 13,178.85 | 10,137.58 |
| December 2030 | 13,508.32 | 10,391.02 |
As we enter January 2030, TCS’s shares are poised to open with a maximum price of ₹11,301.81 and a minimum price of ₹8,693.70, setting a strong start for the year. Progressing through the months, TCS’s shares are expected to demonstrate consistent growth, with February witnessing a slight uptick to a maximum of ₹11,591.60 and a minimum of ₹8,916.62. By March, the positive momentum continues, with TCS’s shares reaching a maximum price of ₹12,043.68 and a minimum price of ₹9,264.37, reflecting sustained investor confidence and robust performance. This upward trend persists throughout the year, culminating in December with a projected maximum price of ₹13,508.32 and a minimum of ₹10,391.02, showcasing TCS’s resilience and market dominance
Financial Condition of Tata Consultancy Services: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 156,949 | 164,177 | 191,754 | 225,458 | 240,893 |
| Expenses + | 114,840 | 117,631 | 138,697 | 166,199 | 176,597 |
| Operating Profit | 42,109 | 46,546 | 53,057 | 59,259 | 64,296 |
| OPM % | 27% | 28% | 28% | 26% | 27% |
| Other Income + | 4,592 | 1,916 | 4,018 | 3,449 | 3,464 |
| Interest | 924 | 637 | 784 | 779 | 778 |
| Depreciation | 3,529 | 4,065 | 4,604 | 5,022 | 4,985 |
| Profit before tax | 42,248 | 43,760 | 51,687 | 56,907 | 61,997 |
| Tax % | 23% | 26% | 26% | 26% | 26% |
| Net Profit + | 32,447 | 32,562 | 38,449 | 42,303 | 46,099 |
| EPS in Rs | 86.19 | 87.67 | 104.75 | 115.19 | 126.88 |
| Dividend Payout % | 85% | 43% | 41% | 100% | 58% |
Over the period from March 2020 to March 2024, Tata Consultancy Services (TCS) has shown a robust and consistent shareholder pattern. With sales increasing from ₹156,949 crore in March 2020 to ₹240,893 crore in March 2024, TCS has steadily enhanced its financial performance. Despite fluctuations in expenses and other income, TCS has maintained a strong operating profit margin (OPM) ranging from 26% to 28%. This growth trajectory has translated into a consistent rise in net profit, with figures climbing from ₹32,447 crore in March 2020 to ₹46,099 crore in March 2024. Throughout this period, TCS has demonstrated a commitment to its shareholders, as reflected in varying dividend payout percentages, ranging from 41% to 100%, ensuring shareholder value appreciation and dividend income.
Motilal Oswal recommends purchasing Tata Consultancy Services with a target price of Rs 4250.
FAQS
The current share price of TCS is subject to change as it depends on various market factors. Although it currently is Rs ₹4,001 as of 12th April 2024.
As per our recommendation, TCS may not reach 20,000 INR by 2025. The maximum TCS can reach by 2025 is ₹4,967.03.
Is TCS a good stock to buy?
TCS is a reputable and profitable company with a strong track record, making it a good stock to consider for long-term investment.
An investor can keep track of TCS’s share price target through financial news and analysis, monitoring the company’s financial reports, and consulting with financial advisors.
In 2025, TCS’s share price target is expected to indicate that the share could be trading in the range of ₹4,967.03 and ₹3,252.68.
In 2030, Tata Consultancy Services’ share price target is projected to indicate that the share could be trading in the range of ₹13,508.32 and ₹8,693.70.
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Tata Consultancy Services (TCS) has demonstrated impressive performance in its Q4 results for fiscal year 2024, showcasing resilience and adaptability in navigating challenging economic conditions. With a consolidated net profit increase of 9% and significant growth in its Indian business segment, TCS continues to solidify its position as a market leader in the IT services industry. The company’s ability to secure record deals valued at $13.2 billion and maintain an all-time high order book Total Contract Value (TCV) of $42.7 billion underscores its strong fundamentals and promising future outlook. As TCS remains committed to employee welfare and retention, while also focusing on leveraging cutting-edge technologies to drive business transformation, it stands poised for sustained growth and success in the years ahead.
What did we learn?
- 1 Recent News about TCS
- 2 TCS Q4 Results Highlights: Net profit at ₹12,434 crore
- 3 How to purchase Tata Consultancy Services shares?
- 4 Tata Consultancy Services Share Price Prediction: 2024 – 2030
- 5 Financial Condition of Tata Consultancy Services: Last 5 years
- 6 Motilal Oswal on Tata Consultancy Services share price target.
- 7 FAQS
- 8 Conclusion: Navigating TCS’s Trajectory and Investment Potential
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