BSE Code 532540 Dividend Yield (%) 1.67 EPS (Rs.) 35.

06
ISIN Demat INE467B01029 Market Cap (Rs Face Value
2336921.87 1
Book Value Mn) (Rs.)
104.42
(Rs.) P/E 34.06 Volume 484188.00
Year End Dividend %
Mar 2009 1400.00
Mar 2008 1400.00
Mar 2007 1150.00
Mar 2006 1350.00
Mar 2005 1150.00
Mar 2004 12.00

TCS profit up 50%, declares 1:1 bonus,

1,350% dividend

Mumbai, April 17: India’s largest IT company Tata Consultancy Services (TCS) on Monday
exceeded analyst predictions by ending 2005-06 a whisker shy of $3 billion with consolidated
revenues of Rs 13, 386.23 crore ($ 2.97 billion US GAAP revenues), a growth of 35.94%. Net
profits grew 50.07% to Rs 2,966.75 crore.

TCS also announced a 1:1 bonus — its first as a listed company — and a final dividend of 450%
(Rs 4.5 per share on every Re 1 share) that took its total dividend in the fiscal to 1,350% (Rs 13.5
per share).

In comparison, arch rival Infosys Technologies announced a bottomline growth of 30% on a

topline growth of 33.53% last week. It also gave away 1:1 bonus and a 900% dividend in 2005-
06.

Even though TCS results were declared after the market closed on Monday, the stock rose Rs
106.75 through the day in anticipation of good results to Rs 1,903.6...

on the BSE, up 5.9%. Sensex grew 2.7% on Monday. The stock also touched an intra-day high of
Rs 1,910.

TCS has won a $500 million contract for which the letter of intent has already been signed. It
was in the race for Citigroup’s $500 million application development and maintenance contract
for five years.It has won another $35 million deal from a major European telecom service
provider.
The company’s merger with Tata Infotech last fiscal aided the financials marginally but its net
impact was negligible with revenues of Rs 700 crore, TCS CFO S Mahalingam told FE.
Operating margins for the fiscal were impacted to the extent of 1.3% due to rupee appreciation
and 1% because of the Tata Infotech merger.

Last fiscal has been one of the best for the 38-year old TCS which bagged $850 million
outsourcing deal from UK's insurance major Pearl Group. It has been the most...

aggressive among Indian IT companies in global acquisitions. In 2005-06, it acquired banking

solutions company FNS of Australia and banking and pensions BPO firm Comicrom of US. The
contribution of Comicrom to net profits is less than Rs 100 crore.

TCS Q4 net profit grew 76.38% to Rs 832.12 crore while revenues went up 43.85% to Rs
3,709.21 crore. The company added 330 clients during the fiscal, 89 of whom were added in Q4.
It also added 21,140 employees taking the tally to 62,832 from 53 nationalities. TCS is the first
IT company in India to cross 60,000 employees. The company plans to hire 30,500 people this
year as against Infosys' 25,000 plus.

Though TCS itself does not issue any revenue or profit guidance as a policy, like Infosys, the
company hopes to maintain its growth rates on the basis of its current order book, higher IT
spends globally.
Dividends Declared
Announcement
Effective Date Dividend Type Dividend (%) Remarks
Date
17/01/2011 27/01/2011 Interim 200% Third Interim Dividend
Second Interim
21/10/2010 01/11/2010 Interim 200%
Dividend
15/07/2010 29/07/2010 Interim 200%
Rs.10.00 per
share(1000%)Dividend
19/04/2010 15/06/2010 Final 1400% & Rs.4.00 per
share(400%)Final
Dividend
15/01/2010 27/01/2010 Interim 200% Third Interim Dividend
Second Interim
20/10/2009 28/10/2009 Interim 200%
Dividend
20/07/2009 27/07/2009 Interim 200%
21/04/2009 16/06/2009 Final 500% & Bonus Issue
07/01/2009 28/01/2009 Interim 300% Third Interim Dividend
Second Interim
17/07/2008 29/10/2008 Interim 300%
Dividend
08/07/2008 31/07/2008 Interim 300%
21/04/2008 18/06/2008 Final 500%
08/01/2008 23/01/2008 Interim 300% Third Interim Dividend
Second Interim
03/10/2007 22/10/2007 Interim 300%
Dividend
06/07/2007 27/07/2007 Interim 300%
16/04/2007 15/06/2007 Final 400% AGM
08/01/2007 22/01/2007 Interim 300% Third Interim Dividend
Second Interim
09/10/2006 23/10/2006 Interim 300%
Dividend
Interim Dividend (Pre
11/07/2006 28/07/2006 Interim 300%
Bonus) & Bonus issue
Final Dividend of
17/04/2006 16/06/2006 Final 450% Rs.4.50 per equity share
of Re.1/- each
Third Interim Dividend
04/01/2006 18/01/2006 Interim 300% of Rs.3.00 per equity
share of Re.1/- each.
Second Interim
04/10/2005 18/10/2005 Interim 300%
Dividend
18/07/2005 18/08/2005 Interim 300%
19/04/2005 06/07/2005 Final 500% AGM
Second Interim
13/01/2005 03/02/2005 Interim 350%
Dividend
14/10/2004 28/10/2004 Interim 300%
Analyses

Tata Consultancy Services Ltd - Earning & Dividend Analysis Snapshot

This detailed Report provides an Earnings and Dividends history for Tata Consultancy Services
Ltd. Tabular results include up to a ten-year history of "as reported" Earnings per Share and
Dividends per Share plus a calculation of the amount of earnings paid out over the year in
dividends (i.e. Payout Ratio). Earnings and Dividends are presented on both a Quarterly and
Annual basis. An annual Percent Change factor is calculated for both Earnings and Dividends.

Tata Consultancy Services Limited (TCS) is an information technology (IT) company. It offers a
range of IT services, outsourcing and business solutions. It also offers IT infrastructure services,
business process outsourcing services, engineering and industrial services, global consulting and
asset leveraged solutions. Its segments include banking, financial services and insurance;
manufacturing; retail and distribution, and telecom. On June 5, 2009, TCS, through its wholly
owned subsidiary, Tata Consultancy Services Canada Inc., acquired 100% interest in ERI
Holdings Corp. On January 1, 2010, the Company, through its wholly owned subsidiary, TCS
Iberoamerica S.A., subscribed to 100% interest of TCS Uruguay S.A. On January 1, 2010, it
purchased 100% interest of MGDC S.C.,Mexico, through its wholly owned subsidiaries, TCS
Uruguay S.A. and TCS Argentina S.A. In September 2010, Unisys Corporation sold Unisys
Insurance Services Limited to Diligenta Limited, a subsidiary of the Company.

Per share ratios

Adjusted EPS (Rs) 28.97 56.01 43.64 37.10 57.65

Adjusted cash EPS (Rs) 31.37 60.28 48.33 40.60 62.91

Reported EPS (Rs) 28.62 47.92 46.07 38.39 55.52

Reported cash EPS (Rs) 31.02 52.18 50.76 41.90 60.79

Dividend per share 20.00 14.00 14.00 11.50 13.50

Operating profit per share (Rs) 34.06 61.52 51.35 43.95 68.21

Book value (excl rev res) per share (Rs) 76.72 136.38 111.43 82.35 114.64

Book value (incl rev res) per share (Rs.) 76.72 136.38 111.43 82.35 114.64

Net operating income per share (Rs) 117.74 228.92 189.39 152.67 229.52
Free reserves per share (Rs) 75.24 134.37 110.22 80.25 113.86

Profitability ratios
Operating margin (%) 28.93 26.87 27.11 28.79 29.71

Gross profit margin (%) 26.89 25.01 24.64 26.49 27.42

Net profit margin (%) 24.13 20.74 24.11 25.00 24.05

Adjusted cash margin (%) 26.44 26.09 25.29 26.44 27.25

Adjusted return on net worth (%) 37.75 41.06 39.16 45.04 50.28

Reported return on net worth (%) 37.30 35.13 41.34 46.62 48.43

Return on long term funds (%) 42.46 43.27 42.96 50.12 55.97

Leverage ratios
Long term debt / Equity 0.01 0.01 0.01 - -

Total debt/equity 0.01 0.01 0.01 0.01 0.01

Owners fund as % of total source 99.10 98.95 98.92 99.37 99.37

Fixed assets turnover ratio 4.74 5.15 5.74 6.49 6.68

Liquidity ratios
Current ratio 1.49 1.83 1.99 1.99 2.25

Current ratio (inc. st loans) 1.49 1.83 1.98 1.93 2.19

Quick ratio 1.48 1.83 1.97 1.98 2.22

Inventory turnover ratio 3,398.94 1,321.77 1,137.21 1,412.30 536.84

Payout ratios
Dividend payout ratio (net profit) 81.61 34.20 35.55 34.46 27.72

Dividend payout ratio (cash profit) 75.30 31.41 32.26 31.57 25.32

Earning retention ratio 19.37 70.74 62.47 64.34 73.30

Cash earnings retention ratio 25.53 72.81 66.11 67.42 75.53

Coverage ratios
Adjusted cash flow time total debt 0.01 0.01 - 0.01 0.01

Financial charges coverage ratio 723.63 840.52 1,517.73 1,279.26 757.67

Fin. charges cov.ratio (post tax) 639.14 688.32 1,453.50 1,196.54 663.42

Component ratios
Material cost component (% earnings) 0.10 0.23 0.24 0.14 1.43

Selling cost Component 0.03 0.09 0.14 0.20 0.10

Exports as percent of total sales 92.38 93.01 90.51 92.38 90.17

Import comp. in raw mat. consumed 78.67 79.74 80.43 70.79 80.37

Long term assets / total Assets 0.51 0.50 0.49 0.50 0.45

Bonus component in equity capital (%) 79.65 59.30 59.30 59.30 18.61