TCS · NSE
Tata Consultancy Services
Phase 4 · Capital Return
Profitable, cash-generative, and returning capital to shareholders through dividends.
Phase 1
Startup
Phase 2
Hyper Growth
Phase 3
Operating Leverage
Phase 4
Capital Return
Phase 5
Decline
Revenue growth (YoY)
4.6%
Mar 2026 vs Mar 2025
Net profit growth (YoY)
1.3%
Operating cash flow
₹52094 Cr
Mar 2026
Returning capital?
Yes
Last dividend ex-date 2026-07-14
Revenue, profit & operating cash flow
₹ crore, by fiscal year
RevenueNet profitOperating cash flowRevenue ends at ₹267021 Cr. Net profit ends at ₹49454 Cr. Operating cash flow ends at ₹52094 Cr.
Judge management on
Capital allocation — are dividends sized sensibly against free cash flow?
Key metric to watch
Free cash flow and the dividend payout ratio.
Typically valued on
Price/earnings and dividend yield.
| Fiscal year | Revenue | Net profit | Operating cash flow |
|---|---|---|---|
| Mar 2021 | ₹164177 Cr | ₹32562 Cr | ₹38802 Cr |
| Mar 2022 | ₹191754 Cr | ₹38449 Cr | ₹39949 Cr |
| Mar 2023 | ₹225458 Cr | ₹42303 Cr | ₹41965 Cr |
| Mar 2024 | ₹240893 Cr | ₹46099 Cr | ₹44338 Cr |
| Mar 2025 | ₹255324 Cr | ₹48797 Cr | ₹48908 Cr |
| Mar 2026 | ₹267021 Cr | ₹49454 Cr | ₹52094 Cr |
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