Buy TCS; target of Rs 2400: Firstcall Research

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26 Aug, 2025 12:21

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Firstcall Research report on Tata Consultancy Services (TCS)

"TCS achieved a turnover of Rs. 212939.60 million for the 3rd quarter of the current year 2013-14 as against Rs 160699.30 millions in the corresponding quarter of the previous year. The company has reported an EBITDA of Rs 73698.30 millions and a net profit of Rs. 53334.30 million against Rs. 35496.20 million reported respectively in the corresponding quarter of the previous year. The company has reported an EPS of Rs. 27.23 for the 3rd quarter as against an EPS of Rs. 18.14 in the corresponding quarter of the previous year."

"At the current market price of Rs 2250, the stock P/E ratio is at 22.94 x FY14E and 18.35 x FY15E respectively. Earning per share (EPS) of the company for the earnings for FY14E and FY15E is seen at Rs 98.07 and Rs.122.64 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 28 percent and 32 percent over 2012 to 2015E respectively. On the basis of EV/EBITDA, the stock trades at 16.39 x for FY14E and 13.16 x for FY15E. Price to Book Value of the stock is expected to be at 7.63 x and 5.39 x respectively for FY14E and FY15E. We recommend ‘BUY’ in this particular scrip with a target price of Rs 2400 for Medium to Long term investment," says Firstcall Research Report.

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