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.
TCS Q3 FY 2023-24 Results Summary
- Net profit increased by 2% YoY to reach Rs 11,058 crore, though it showed a marginal 2.5% decline sequentially.
- Consolidated revenue rose by 4% YoY to Rs 60,583 crore.
- The EBIT margin expanded to 25%, up from 24.3% in the previous quarter.
- The TCS board approved a dividend of Rs 27 per share, including a special dividend of Rs 18 for FY 2023-24.
- CEO K Krithivasan highlighted a strong performance in a seasonally weak quarter, emphasizing the robust business model and a well-diversified portfolio.
- Strong deal momentum across markets with a solid order book providing visibility into long-term growth.
- TCS is leading innovation and exploratory efforts in Generative AI, witnessing significant interest.
- The Total Contract Value (TCV) was reported at $8.1 billion, falling below the quarterly guidance range of $9-10 billion.
- Significant progress was made in projects of national importance, showcasing execution strength.
- Products and platforms had a strong quarter with new wins and go-lives.
- TCS is making progress in upskilling employees in Generative AI through the AI playground platform.
- The company saw a decline in headcount for a second consecutive quarter, down by 5,680 in Q3
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 |
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 |
Throughout January 2030, TCS will exhibit resilience in the market, with its maximum price projected to reach ₹11,301.81 and its minimum expected to rest at ₹8,693.70, marking a strong initiation for the year. As the months unfold, TCS is expected to demonstrate consistent growth, with both maximum and minimum prices steadily ascending. This upward trajectory will culminate in December 2030, where TCS is forecasted to soar to its zenith for the year, with a maximum price of ₹13,508.32 and a minimum price of ₹10,391.02, affirming the company’s strong performance and bolstering investor confidence throughout the entirety of 2030.
Financial Condition of Tata Consultancy Services: Last 5 years
Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
---|---|---|---|---|---|---|
Sales
(Crore Rs.) |
146,463 | 156,949 | 164,177 | 191,754 | 225,458 | 232,081 |
Expenses (Crore Rs.) |
106,957 | 114,840 | 117,631 | 138,697 | 166,199 | 171,240 |
Operating Profit (Crore Rs.) |
39,506 | 42,109 | 46,546 | 53,057 | 59,259 | 60,841 |
OPM % | 27% | 27% | 28% | 28% | 26% | 26% |
Other Income (Crore Rs.) |
4,311 | 4,592 | 1,916 | 4,018 | 3,449 | 4,057 |
Interest (Crore Rs.) |
198 | 924 | 637 | 784 | 779 | 743 |
Depreciation (Crore Rs.) |
2,056 | 3,529 | 4,065 | 4,604 | 5,022 | 5,035 |
Profit before tax (Crore Rs.) |
41,563 | 42,248 | 43,760 | 51,687 | 56,907 | 59,120 |
Tax % | 24% | 23% | 26% | 26% | 26% | 26% |
Net Profit (Crore Rs.) |
31,562 | 32,447 | 32,562 | 38,449 | 42,303 | 43,904 |
EPS in Rs | 83.87 | 86.19 | 87.67 | 104.75 | 115.19 | 119.54 |
Dividend Payout % | 36% | 85% | 43% | 41% | 100% | – |
The current share price of TCS is subject to change as it depends on various market factors. Although it currently is Rs 3,958 as of 21st March 2024.
How has TCS performed financially in the last five years?
TCS has shown a steady increase in revenue and profit growth in the last five years.
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.
TCS’ share price target for 2025 indicates the share could be trading in the range of ₹4,967.03 and ₹3,252.68.
Tata Consultancy Services’ share price target for 2030 indicates the share could be trading in the range of ₹13,508.32 and ₹8,693.70.
Check other IT Company’s share price targets
- Wipro share price Target by 2025
- HCL Tech share price target by 2030
- Tech Mahindra share price target 2024 to 2030
What did we learn?
- 1 TCS Q3 FY 2023-24 Results Summary
- 2 How to purchase Tata Consultancy Services shares?
- 3 Tata Consultancy Services Share Price Prediction: 2024 – 2030
- 4 Financial Condition of Tata Consultancy Services: Last 5 years
- 5 Motilal Oswal on Tata Consultancy Services share price target.
- 6 FAQS
- 6.1 What is the current share price of TCS?
- 6.2 How has TCS performed financially in the last five years?
- 6.3 Can TCS reach a share price of 20000 INR by 2025?
- 6.4 Is TCS a good stock to buy?
- 6.5 How can an investor keep track of TCS’s share price target?
- 6.6 What is TCS’s share price target for 2025?
- 6.7 What is TCS’s share price target for 2030?
- 7 Conclusion: Navigating TCS’s Trajectory and Investment Potential