Tata Consultancy Services

NSE: TCSComputers - Software & Consulting

Share price

₹2,076.00

-0.21% close of 8 Oct 2026

Market cap ₹7.52L CrP/E 14.0

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 8 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹7.52L Cr

P/E ratio

14.0

P/B ratio

7.0

ROCE

63.0%

ROE

51.8%

Dividend yield

3.1%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹3,324.9052-week low ₹1,982.60

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 9.9% over the past year, and 15.9% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales held steady, near 26.5% over the last four years.

Whether it grew faster than its sector

It grew 15.9% a year against a sector median of 14.5% — 1.4 percentage points faster.

Room to re-rate, or risk of de-rating

At 14.0× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 17.6×, across 5 companies. It is against its own five-year median of 29.5×, the 1st percentile of its own range.

Whether growth justifies the valuation

Priced at 1.7 times its growth rate, on earnings growth of 8%.

	Profit growth	Price per ₹1 profit	Per 1% growth
Tata Consultancy Services — this one	8%/yr	14.0×	₹1.7
Infosys	8%/yr	12.9×	₹1.6
HCL Technologies	6%/yr	17.6×	₹2.9
Wipro	5%/yr	12.6×	₹2.5
Tech Mahindra	1%/yr	24.9×	₹24.9
LTIMindtree Limited	7%/yr	20.9×	₹3.0

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Computers - Software & Consulting), it ranks 2 of 53 on returns, 22 of 49 on growth, 8 of 52 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 63% on capital, ahead of 96% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹227254 crore of cash from the business, spent ₹16672 crore on plant and equipment, and returned ₹219566 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 99 arrived as cash. Its cash comes back more slowly than it used to: it went from being waiting 33 days for its cash to waiting 38 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q2 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue was Rs 73188 crore with profit of Rs 13934 crore.

Announced 8 Oct 2026 · Consolidated · Audited

Revenue

₹73,188 Cr

Revenue vs last year

+11.2%

Revenue vs last quarter

+1.3%

Net profit

₹13,934 Cr

Profit vs last year

+14.9%

Profit vs last quarter

+3.8%

Net margin

19.0%

EPS

₹38.37

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap: ₹7.52L Cr
Prev close: ₹2,076.00
52w High: ₹3,350
52w Low: ₹1,977
Enterprise value: ₹7.16L Cr
Beta: 0.8
Price CAGR 1y: -30.0%
Price CAGR 3y: -17.0%
Price CAGR 5y: -12.0%
Price CAGR 10y: 6.0%

Ratios

Return on assets: 27.3%
PEG ratio: 1.7
P/E ratio: 14.0
P/B ratio: 7.0
EV / EBITDA: 9.7
Industry P/E: 18.1
ROCE: 63.0%
ROCE 5y average: 61.0%
ROE: 51.8%
Debt / Equity: 0.1
Interest coverage: 54.4
Dividend yield: 3.1%
ROE 3y average: 52.0%
ROE last year: 52.0%

Annual P&L

Annual revenue: ₹2.67L Cr
Annual profit: ₹49,454 Cr
Operating margin: 27.0%
Net profit margin: 18.5%
EBITDA margin: 27.1%
Sales growth 3y: 5.8%
Sales growth 5y: 10.2%
Profit growth 3y: 8.0%
Profit growth 5y: 9.0%
EPS: ₹136
Sales growth TTM: 8.0%
Profit growth TTM: 9.0%
Dividend payout: 81.0%

Quarter P&L

Sales latest quarter: ₹73,188 Cr
Profit latest quarter: ₹13,934 Cr
YoY quarterly sales growth: 11.2%
YoY quarterly profit growth: 14.9%
OPM latest quarter: 25.7%

Balance Sheet

Book Value: ₹296
Face Value: ₹1.0
Total debt: ₹11,283 Cr
Total cash: ₹12,908 Cr
Borrowings: ₹11,283 Cr
Reserves / Equity: 295.2

Cash Flow

Operating cash flow: ₹52,094 Cr
Free cash flow: ₹48,013 Cr
FCF yield: 6.2%
Net cash flow: -₹1,925 Cr

Shareholding

Promoter holding: 71.8%
FII holding: 9.1%
DII holding: 13.4%
Public holding: 5.7%

Peer comparison

Company	Price ₹	P/E	Mkt cap ₹ Cr	Div yield %	Profit qtr ₹ Cr	Profit var %	Sales qtr ₹ Cr	Sales var %	ROCE %
TCS	2,080.30	14.0	7,53,388	3.08	13,420.0	8.4	72,275.0	13.9	63.0
Infosys	992.00	12.9	4,02,919	4.84	7,775.0	12.3	48,211.0	14.0	40.0
HCL Technologies	1,185.00	17.8	3,22,185	4.56	4,626.0	20.3	34,579.0	13.9	30.4
Wipro	159.60	12.0	1,58,422	6.89	3,356.3	0.7	24,478.6	10.6	17.8
Tech Mahindra	1,491.10	27.5	1,46,297	3.42	1,486.3	28.4	15,711.9	17.7	23.1
LTM	3,930.00	20.8	1,16,459	1.91	1,468.6	16.9	11,608.0	18.0	29.6
Persistent Systems	5,507.00	43.7	86,920	0.73	483.0	13.7	4,303.2	29.1	34.4
Median	218.65	19.1	892	0.34	10.1	13.0	85.7	17.6	22.1

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Sep 2026

Line item	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	59,692	60,583	61,237	62,613	64,259	63,973	64,479	63,437	65,799	67,087	70,698	72,275	73,188
Expenses	43,946	44,195	44,073	45,951	47,528	46,939	47,499	46,562	47,821	48,818	51,422	53,719	54,373
Material Cost							0	0	0	0	0	0	0
Change in Inventories							0	0	0	0	0	0	0
Purchases of Stock-in-Trade							0	0	0	0	0	0	0
Employee Cost							36,762	37,715	38,606	38,530	40,143	42,137	41,890
Other Expenses							10,737	8,847	9,215	10,288	11,279	11,582	12,483
Operating Profit	15,746	16,388	17,164	16,662	16,731	17,034	16,980	16,875	17,978	18,269	19,276	18,556	18,815
OPM %	26	27	28	27	26	27	26	27	27	27	27	26	26
Other Income	1,006	-96	1,157	962	729	1,243	1,028	1,660	-268	-2,273	757	900	1,337
Exceptional items (within Other Income)							0	0	-1,135	-3,391	0	-668	0
Interest	159	230	226	173	162	234	227	195	229	538	265	273	252
Depreciation	1,263	1,233	1,246	1,220	1,266	1,377	1,379	1,361	1,413	1,380	1,406	1,239	1,262
Profit before tax	15,330	14,829	16,849	16,231	16,032	16,666	16,402	16,979	16,068	14,078	18,362	17,944	18,638
Tax %	26	25	26	25	25	25	25	24	24	24	25	25
Net Profit	11,380	11,097	12,502	12,105	11,955	12,444	12,293	12,819	12,131	10,720	13,784	13,420	13,934
EPS in Rs	31	31	34	33	33	34	34	35	33	29	38	37	38
Diluted EPS in Rs							34	35	33	29	38	37	38

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	94,648	1,08,646	1,17,966	1,23,104	1,46,463	1,56,949	1,64,177	1,91,754	2,25,458	2,40,893	2,55,324	2,67,021	2,75,859
Expenses	70,167	77,969	85,655	90,588	1,06,957	1,14,840	1,17,631	1,38,697	1,66,199	1,76,597	1,87,917	1,94,623	2,01,780
Material Cost											0	0
Change in Inventories											0	0
Purchases of Stock-in-Trade											0	0
Employee Cost											1,45,788	1,54,994
Other Expenses											42,129	39,629
Operating Profit	24,482	30,677	32,311	32,516	39,506	42,109	46,546	53,057	59,259	64,296	67,407	72,398	74,079
OPM %	26	28	27	26	27	27	28	28	26	27	26	27	27
Other Income	3,720	3,084	4,221	3,642	4,311	4,592	1,916	4,018	3,449	3,464	3,962	-124	-884
Exceptional items (within Other Income)											0	-4,526
Interest	104	33	32	52	198	924	637	784	779	778	796	1,227	1,305
Depreciation	1,799	1,888	1,987	2,014	2,056	3,529	4,065	4,604	5,022	4,985	5,242	5,560	5,438
Profit before tax	26,298	31,840	34,513	34,092	41,563	42,248	43,760	51,687	56,907	61,997	65,331	65,487	66,452
Tax %	24	24	24	24	24	23	26	26	26	26	25	24
Net Profit	20,060	24,338	26,357	25,880	31,562	32,447	32,562	38,449	42,303	46,099	48,797	49,454	50,055
EPS in Rs	51	62	67	67	84	86	88	105	115	127	134	136	138
Diluted EPS in Rs											134	136
Dividend Payout %	78	35	35	37	36	85	43	41	100	58	94	81

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years: 9%
5 years: 10%
3 years: 6%
TTM: 8%

Compounded profit growth

10 years: 8%
5 years: 9%
3 years: 8%
TTM: 9%

Stock price CAGR

10 years: 6%
5 years: -12%
3 years: -17%
1 year: -30%

Return on equity

10 years: 43%
5 years: 49%
3 years: 52%
Last year: 52%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	196	197	197	191	375	375	370	366	366	362	362	362
Reserves	50,439	70,875	86,017	84,937	89,071	83,751	86,063	88,773	90,058	90,127	94,394	1,06,878
Borrowings	358	245	289	247	62	8,174	7,795	7,818	7,688	8,021	9,392	11,283
Other Liabilities	22,325	16,974	15,830	19,751	24,393	27,827	35,764	43,967	44,747	46,962	54,501	62,644
Minority Interest											1,015	1,238
Total Liabilities	73,318	88,291	1,02,333	1,05,126	1,13,901	1,20,127	1,29,992	1,40,924	1,42,859	1,45,472	1,58,649	1,81,167
Fixed Assets	11,638	11,774	11,701	11,973	12,290	20,928	21,021	21,298	20,515	19,604	23,053	31,343
CWIP	2,766	1,670	1,541	1,278	963	906	926	1,205	1,234	1,564	1,546	2,665
Investments	1,662	22,822	41,980	36,008	29,330	26,356	29,373	30,485	37,163	31,762	30,964	33,988
Other Assets	57,252	52,025	47,111	55,867	71,318	71,937	78,672	87,936	83,947	92,542	1,03,086	1,13,171
Total Assets	73,318	88,291	1,02,333	1,05,126	1,13,901	1,20,127	1,29,992	1,40,924	1,42,859	1,45,472	1,59,629	1,82,372

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	19,369	19,109	25,223	25,067	28,593	32,369	38,802	39,949	41,965	44,338	48,908	52,094
Cash from Investing Activity	-1,807	-5,010	-16,895	3,104	1,645	8,968	-7,956	-738	548	6,091	-2,144	-11,886
Cash from Financing Activity	-17,168	-9,666	-11,026	-26,885	-27,897	-39,915	-32,634	-33,581	-47,878	-48,536	-47,438	-42,133
Net Cash Flow	394	4,433	-2,698	1,286	2,341	1,422	-1,788	5,630	-5,365	1,893	-674	-1,925
Free Cash Flow	16,426	17,144	23,270	23,263	26,461	29,281	35,663	36,985	38,902	41,688	44,994	48,013

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	79	81	70	74	68	71	67	80	81	81	84	93
Cash Conversion Cycle	79	81	70	74	68	71	67	80	81	81	84	93
Working Capital Days	33	62	62	61	70	64	59	33	30	34	34	38
ROCE %	50	51	44	39	47	47	49	54	59	64	65	63

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026

Line item	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	72	72	72	72	72	72	72	72	72	72	72	72
FIIs	12	12	13	12	13	13	12	11	10	10	9.66	9.07
DIIs	10	10	11	11	11	11	11	12	13	13	13	13
Government	0.05	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06
Public	5.17	5.03	4.86	4.82	4.66	4.63	4.63	4.77	5.21	4.98	5.16	5.69
No. of Shareholders	23,67,003	23,36,016	22,03,209	21,81,391	20,93,962	20,75,117	21,15,093	21,64,289	23,88,232	23,32,275	24,50,090	26,05,182

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -32.2% (₹3,061.70 → ₹2,076.00)Brick size ₹57.86 (fixed)Bricks 49

Price moved up one brickPrice moved down one brickLast close ₹2,076.00 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-09-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-09-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-35,395inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

45,68,218inr

2026-03-31

News

News and filings about Tata Consultancy Services. Open one to see why it matters.

28 Aug, 18:05 IST · Company event · medium impact

Tejas Networks Limited — receipt of a Letter of Intent dated August 27, 2026, from Tata Consultancy Services Limited ( TCS ) for supply of RAN equipment, accessories & installation materials for BSNL 4G mobile network for 18,685 sites, valued at Rs.1537 Crores.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Buys from

Global Education Limited · Online examination centre capacity and test-administration services. FY2025-26 annual repo…
Honeywell Automation India Limited · Building automation / Enterprise Buildings Integrator
MITCON Consultancy & Engineering Services Limited · environmental/engineering consultancy and analytical services
Prestige Estates Projects · office space
SecMark Consultancy Limited · consulting, technology and outsourcing services
Tata Communications Limited · enterprise connectivity, network/data and communication services
Tejas Networks Limited · 4G/5G RAN equipment supplied via TCS (prime systems integrator for BSNL pan-India 4G/5G)
Updater Services Limited · Integrated Facilities Management (IT campus)

Sells to

Indian Bank · core_banking_software_TCS_BaNCS
Jaguar Land Rover
State Bank of India · core_banking_software_TCS_BaNCS

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector: Information Technology
Industry: Computers - Software & Consulting
Classification: Information Technology › Computers - Software & Consulting
ISIN: INE467B01029

Business segments

Banking, Financial Services and Insurance · 39%
Consumer Business · 16%
Communication, Media and Technology · 15%
Life Sciences and Healthcare · 10%
Others · 10%
Manufacturing · 10%

Plants

Electronic City Campus · Bengaluru, Karnataka
Gandhinagar Campus · Gandhinagar, Gujarat
Hinjewadi Campus · Pune, Maharashtra
Hyderabad Campus · Hyderabad, Telangana
Noida Campus · Noida, Uttar Pradesh
Siruseri Campus · Chennai, Tamil Nadu

News impact

Big market events that reach Tata Consultancy Services, and how the effect spreads.

1 Oct, 15:03 IST · Market event · medium impact

Infosys shares recover from 52-week low after ABN AMRO deal extension

Infosys extended its ABN AMRO bank deal and its shares rose 0.71% to Rs 1001.20 off a 52-week low, helping Infosys holders while rivals and suppliers gain nothing.

Information Technology

Who it hits first

Infosys, a large software-services firm, extended its deal with Dutch bank ABN AMRO.
Its shares traded at Rs 1001.20, up 0.71% (Rs 7.10) from the Rs 994.10 previous close, recovering from a 52-week low.
The pack carries no deal value or tenure, so the size of the retained revenue is unknown.

Who may gain

Infosys (software services): keeps ABN AMRO revenue and steadies off its 52-week low.
ABN AMRO (Dutch bank client): keeps its existing vendor instead of a risky switch.
Infosys shareholders who bought near the 52-week low: up 0.71% on the day.

Along the supply chain

Downstream

ABN AMRO, the Dutch bank client, keeps its vendor; Infosys' listed downstream clients in the pack are two Indian banks, Axis Bank and ICICI Bank, whose own business this Dutch extension does not touch.

Upstream

Vendors that sell to Infosys — its listed suppliers in the pack — see no change, since extending an existing bank deal continues current work rather than placing new orders.

Where demand moves

Business

ABN AMRO keeps buying Infosys software services instead of rebidding the work — demand retained, not new — and no extra work flows to rivals or suppliers from an extension alone.

Capital

Investors nibbled Infosys up 0.71% off its 52-week low; there is no sympathy-buying case for peers since sector readthrough is nil.

How it spreads across sectors

Financial Services

None for the banks: ABN AMRO is not listed here and Infosys' Indian bank clients are untouched by a Dutch extension.

Information Technology

Negligible: a single retained deal lifts only Infosys (+0.71%); rivals gain no business and the pack flags sector readthrough false.

When it plays out

Immediate

Infosys steadies near Rs 1000 over 1-7 days as extension relief offsets the 52-week-low overhang; peers drift on their own news.

Medium term

European bank renewals and client budgets over 1-6 months decide whether Infosys re-rates beyond this relief bounce.

Short term

Without a disclosed deal value, the stock needs quarterly results or fresh wins in 1-4 weeks to extend the recovery.

30 Sept, 00:07 IST · Market event · high impact

US tightens H-1B rules again: How new fees and layoff scrutiny could affect Indian tech workers

The US added a $100,000 H-1B fee plus tougher checks, raising costs for Indian IT firms like Tata Consultancy Services and Infosys and hurting margins, with no clear winners.

Information Technology

Who it hits first

The US has added a $100000 payment for certain new H-1B (US work visa) hires from abroad, plus extra employer fees, closer checks when US staff are laid off, and tougher enforcement.
Tata Consultancy Services, Infosys and Wipro — India's large IT services firms that send engineers to work at US client offices — now pay more for each US placement and wait longer for approvals.
H-1B sign-ups are already falling as firms move work to India or hire locally in America, which trims profit margins (profit left per rupee of sales) for the most US-linked firms.

Who may gain

No clear winner among Indian IT firms — this is a cost rise for US-linked work, not new demand, so domestic cloud and software names only avoid the hit rather than gain.

Along the supply chain

Downstream

Big bank buyers of IT work such as State Bank of India and ICICI Bank, which hire Tata Consultancy Services and Infosys to run software, see no direct change — projects continue, just delivered more from India.

Upstream

Vendors that serve the big IT firms — Prestige Estates which rents office space, Tata Communications which provides network links, and staffing and facility helpers — see slower growth in US-site support as hiring tilts to India.

Where demand moves

Business

Client demand for software work does not grow or shrink — the same US projects simply cost more when they need staff on American sites, so more coding and support shifts to Indian delivery centres.

Capital

Investors grow cautious on export-heavy IT shares as margins look thinner, so money pauses or drifts to domestic-focused software names until firms show how much of the fee clients will bear.

How it spreads across sectors

Information Technology

Export-heavy IT services face higher US staffing costs and near-term margin pressure, while domestic software, map and cloud names feel only brief sentiment selling.

When it plays out

Immediate

In the next few days IT shares wobble and H-1B filings slow further as firms pause US hires.

Medium term

Over the next few months delivery settles with more offshore work and local US recruits, leaving a lasting small margin drag for the most US-exposed firms.

Short term

Over the next few weeks firms spell out extra costs, add Indian and US local hiring, and accept slightly thinner margins.

29 Sept, 21:41 IST · Market event · medium impact

H-1B registrations plunge as Indian IT firms shift US staffing strategy

Higher US visa costs are pushing Indian IT firms toward local US hiring and offshore work, squeezing near-term margins for big exporters like TCS and Infosys while leaving domestic tech mostly unaffected.

Information Technology

Who it hits first

Tata Consultancy Services (TCS, India's largest IT services exporter) and Infosys (IT services) face higher cost to place staff in the US as H-1B registrations plunge on higher visa costs.
The shift toward hiring locally in the US and doing more work offshore in India trims near-term profit margins for visa-heavy exporters before any savings arrive.
Mid-tier exporters like Tech Mahindra (telecom-focused IT services), Persistent Systems (software product engineering) and Coforge (IT services) face the same margin squeeze on US onsite work.

Who may gain

No clear winner inside Indian IT — this is a cost shock that squeezes exporters rather than creating new demand.
India-based cloud and data-center providers like E2E Networks (India cloud provider) could see a mild lift if more work shifts offshore, but the pack shows no direct order link.

Along the supply chain

Downstream

Downstream bank customers the graph lists — State Bank of India and Indian Bank for TCS, Axis Bank and ICICI Bank for Infosys — see no direct disruption, only possible slower pass-through of vendor cost pressure in future contracts.

Upstream

Upstream staffing, travel and office-support vendors that the graph lists as suppliers to TCS and to Infosys see slower onsite ramp as fewer staff move on visas.

Where demand moves

Business

US clients still need the software work but resist paying more, so Indian vendors absorb higher local-hire costs while bidding more offshore delivery from India.

Capital

Investors turn cautious on visa-heavy large caps like Tata Consultancy Services and Infosys near-term, with no fresh capital inflow into the sector from this news.

How it spreads across sectors

Financial Services

Muted second-order effect — banks that buy IT services may face slightly higher contract costs later, with no immediate disruption.

Information Technology

Near-term margin pressure across exporters as US staffing costs rise; offshore-heavy work cushions revenue but not margins.

When it plays out

Immediate

1-7 days: IT exporter shares stay soft on margin worries; no contract cancellations expected.

Medium term

1-6 months: higher US payroll and offshore ramp costs show in results; firms with stronger pricing power recover first.

Short term

1-4 weeks: firms outline local-hiring and offshore plans; analysts trim near-term margin forecasts.

29 Sept, 00:36 IST · Market event · high impact

Coforge Appoints Akhil Gupta As Chairperson Days After Key Board Exits

Coforge named Akhil Gupta as Chairperson after board exits, which slightly helps Coforge shareholders as leadership steadies and hurts no one directly.

Information Technology

Who it hits first

Coforge, the mid-sized IT services firm, filled its top board seat by naming Akhil Gupta as Chairperson days after key board exits.
This appointment aims to calm Coforge investors by showing steady leadership while the firm pushes deeper into AI and enterprise transformation work.
Rival IT firms such as Infosys, Tata Consultancy Services, HCL Technologies and Tech Mahindra face no direct order or cost change from this board move.

Who may gain

Coforge shareholders — steadier leadership after board exits supports confidence
Akhil Gupta — takes the Chairperson role at a large IT firm

Along the supply chain

Downstream

No direct downstream change — Coforge's enterprise customers face no price, delivery or contract shift from a Chairperson change, so downstream demand and timelines stay flat.

Upstream

No direct upstream change — the two firms linked as suppliers to Coforge see no new orders, since a Chairperson hire does not raise tech spending.

Where demand moves

Business

No new business demand is created — a Chairperson appointment moves no IT budgets or outsourcing deals; enterprise clients of Coforge see no change in projects or prices near term.

Capital

Capital steadies around Coforge as a named Chairperson lowers governance worry after board exits, likely drawing modest dip-buying, while rival IT stocks see no capital rotation from this news.

How it spreads across sectors

Information Technology

Near flat — a single firm's board appointment does not move sector budgets, hiring or pricing; only sentiment steadies for Coforge itself.

When it plays out

Immediate

Coforge steadies as investors welcome a named Chairperson; shares likely inch up slightly while rival IT names stay flat.

Medium term

Coforge's AI and enterprise transformation execution decides the payoff; rivals move only on their own deals, not this appointment.

Short term

Focus shifts to who left the board and what Gupta says about AI plans; any further exits would undo the calm.

24 Sept, 21:04 IST · Market event · high impact

'Validly Passed': Tata Sons Cites Ex-CJI's Opinion To Back Board Decision On N Chandra's Reappointment

Tata Sons backed its chief's reappointment with a former chief justice's legal opinion, steadying Tata group stocks like TCS while weak Tata Chemicals gains little.

Diversified

Who it hits first

Tata Sons, the unlisted holding firm at the top of the Tata group, says its September 17 vote to reappoint N Chandrasekaran was validly passed, citing a former chief justice's legal opinion.
That pushes back on Tata Trusts Chairman Noel Tata's question over whether the board resolution was legal.
For listed Tata firms like Tata Consultancy Services (IT services) and Tata Motors' car and truck arms, this lowers the chance of a leadership fight, not sales or costs.
No orders, prices, or plant output change; the effect is trust and share-price calm, not business demand.

Who may gain

Tata Consultancy Services (IT services giant) — steadier owner outlook as the group's biggest cash earner
Tata Motors Passenger Vehicles (car maker) and Tata Motors commercial-truck arm — continuity at the owner removes distraction
Tata Steel (steelmaker), Tata Power (power firm), Tata Elxsi (design software) — small relief as group overhang fades

Along the supply chain

Downstream

No direct downstream link — dealers, power buyers, and software clients see no price or supply change from Tata Sons' leadership paperwork.

Upstream

No direct upstream link — the board vote does not change what Tata Steel buys from miners or what Tata car plants buy from parts makers like Tata Technologies (engineering services).

Where demand moves

Business

No fresh business demand — nobody orders more cars, steel, power, or software because a holding board won a legal argument; sales pipelines stay as they were.

Capital

Small capital-flow help — funds holding Tata stocks worry less about a public owner fight, so Tata names like TCS see steadier buying and a narrower worry discount for a few days.

How it spreads across sectors

Automobile and Auto Components

Small steadier mood for Tata car and truck arms; rivals Maruti and Mahindra & Mahindra unaffected.

Information Technology

Mild calm for Tata IT names TCS, Tata Elxsi, and Tata Technologies as owner risk fades; rivals like Infosys see no spillover.

Metals & Mining

Negligible lift for Tata Steel from group stability; peer SAIL unaffected.

Power

Tiny relief for Tata Power on continuity; other power firms like Adani Power see no change.

When it plays out

Immediate

1–7 days: Tata group stocks trade calmer as legal backing sinks in; any bounce stays small at 1–2% unless Trusts escalate.

Medium term

1–6 months: leadership continuity lets long-term plans run, but stock moves hinge on profits, not this vote.

Short term

1–4 weeks: focus shifts back to earnings and sales; if no fresh legal move comes, the story fades from prices.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

15 Jul 2026	interim	₹12
25 May 2026	unspecified	₹31
16 Jan 2026	special	₹46
16 Jan 2026	interim	₹11
15 Oct 2025	interim	₹11
16 Jul 2025	interim	₹11
4 Jun 2025	unspecified	₹30
17 Jan 2025	special	₹66

Splits, bonuses & buybacks

daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.