Consolidated Executive Summary

Tata Consultancy Services Ltd.

Currency: Rs. Million (Non-Annualised)

Mar-07
12 mths

Mar-08
12 mths

Mar-09
12 mths

Mar-10
12 mths

Mar-11
12 mths

Total income
Sales
Income from financial services
Change in stock

189,189.70
186,897.60
1,829.90
-27.8

237,416.40
226,240.60
6,811.60

282,724.40
278,209.30
2,786.20

305,400.00
300,346.40
3,774.40

380,691.60
373,264.60
5,979.80

Total expenses
Raw materials, stores & spares
Power, fuel & water charges
Compensation to employees
Indirect taxes
Selling & distribution expenses
Interest paid
Depreciation

146,618.70
220.2
1,158.60
91,461.90
494.8
325.8
94.5
4,401.70

186,820.00

229,613.20

234,473.40

288,793.70

1,582.20
115,845.20
634.8
357.1
300.1
5,637.10

1,962.30
146,041.90
813.1
305.2
286.6
5,640.80

2,505.90
151,779.60
653.4
65.9
161
6,608.90

3,020.80
190,163.70
802.5
203.7
264.8
7,352.60

54,084.00
51,798.80
42,543.20
42,524.20

68,760.60
57,599.30
50,596.40
46,680.00

77,355.40
72,840.30
53,111.20
52,007.00

94,000.20
89,199.90
70,926.60
70,741.50

118,486.00
111,084.30
91,897.90
90,899.90

Total liabilities
Net worth
Paid up equity capital
Reserves and funds
Tangible net worth
Borrowings
Current liabilities & provisions

132,326.40
90,619.00
978.6
87,522.40
74,863.30
5,067.50
35,922.90

176,919.00
124,128.50
978.6
121,022.60
107,304.20
4,550.20
45,834.40

228,638.60
158,771.70
978.6
155,021.50
122,800.00
5,638.80
61,369.60

277,939.80
187,284.30
1,957.20
181,710.00
152,437.90
1,032.50
87,320.10

329,351.20
248,629.80
1,957.20
242,090.90
213,192.20
748
77,674.70

Total assets
Net fixed assets
Investments
Current assets
Loans & advances
Gross fixed assets

132,326.40
31,868.90
12,568.70
66,705.20
12,528.80
42,660.50

176,919.00
39,345.50
26,061.60
81,627.40
19,740.20
55,567.50

228,638.60
67,455.40
16,144.10
105,201.70
31,609.10
91,052.60

277,939.80
67,380.30
36,820.80
122,474.90
38,795.40
96,355.00

329,351.20
74,790.90
17,626.70
175,653.20
47,535.90
110,242.40

Growth (%)
Total income
Total expenses
PBDITA net of P&E&OI&FI
PAT net of P&E
Net worth
Total assets

41
40.7
35.9
45
47
51.5

25.5
27.4
11.2
9.8
37
33.7

19.1
22.9
26.5
11.4
27.9
29.2

8
2.1
22.5
36
18
21.6

24.7
23.2
24.5
28.5
32.8
18.5

Profitability ratios
PBDITA net of P&E&OI&FI as % of sales
PAT net of P&E as % of total income net of P&E
PAT net of P&E as % of net worth
PAT net of P&E as % of total assets excl reval

27.7
22.5
55.9
38.7

25.5
20
43.5
30.2

26.2
18.5
36.8
25.6

29.7
23.2
40.9
27.9

29.8
23.9
41.7
29.9

1.802
1.672
0.056

1.773
1.663
0.045

1.736
1.623
0.042

1.514
1.449
0.011

2.509
2.322
0.007

Profits
PBDITA
PBDITA net of P&E&OI&FI
Profit after tax (PAT)
PAT net of P&E

Liquidity ratios (times)

Quick ratio
Current ratio
Debt to equity ratio

Interest cover
Debtors (days)
Creditors (days)
Average cost of Funds (%)
Efficiency ratios (times)
Total income / total assets
Total income / compensation to employees

ratios
current ratios
quick ratio
D/E
intrest coverage ratio
ROE
ROA
inventory turnover ratio
account payable ratio
account reciavable ratio
profit margin
operating margin

521.526
77.7
66.7

195.715
81.3
68.7

215.332
79.1
76.9

517.457
79
70.4

413.419
74.2
64.7

6.2

5.6

4.8

29.7

1.723
2.069

1.535
2.049

1.394
1.936

1.206
2.012

1.254
2.002

1.857
1.857
5.178

1.781
1.781
4.650

1.714
1.714
5.762

1.403
1.403
0.528

2.261
2.261
0.382

43.45
0.3214

47.70
0.2638

53.14
0.2275

36.14
0.2545

46.44
0.2760

22.75%
28.94%

20.63%
30.39%

18.69%
27.80%

23.55%
31.30%

24.35%
31.74%

0.12%
0.62%
48.94%
0.26%
0.17%
0.05%
2.36%

0.00%
0.70%
51.20%
0.28%
0.16%
0.13%
2.49%

0.00%
0.71%
52.49%
0.29%
0.11%
0.10%
3.02%

0.00%
0.83%
50.53%
0.22%
0.02%
0.05%
3.54%

0.00%
0.81%
50.95%
0.21%
0.05%
0.07%
1.97%

cost as % of sales
Raw materials, stores & spares
Power, fuel & water charges
Compensation to employees
Indirect taxes
Selling & distribution expenses
Interest paid
Depreciation

Mar-12
12 mths
497,753.60
488,945.90
8,198.20

392,519.10
3,663.20
249,271.70
1,084.90
403.3
222.3
9,179.40

153,411.10
144,818.70
105,234.50
105,182.40
416,189.70
300,380.00
1,957.20
292,835.10
261,966.70
1,265.50
111,500.30
416,189.70
86,620.60
13,503.30
233,050.80
65,681.50
129,912.90

30.7
35.9
30.4
15.7
20.8
26.4

29.6
21.1
38.3
28.2

2.287
2.127
0.008

627.095
76.8
62.7
22.1

1.335
1.997

2.090
2.090
0.647
53.74
0.2527

21.51%
31.38%

0.00%
0.75%
50.98%
0.22%
0.08%
0.05%
1.88%

Tata Consultancy Services Ltd.

Currency: Rs. Million (Non-Annualised)

12 mths

Net cash flow from operating activities

Net profit before tax & extra-ordinary income
Add: Adjustments for non-cash and non-operating expenses
Depreciation

34718.7
49,182.80
4,624.40
4,401.70

Amortisation and w offs

Unrealised foreign exchange loss
Provision for contingencies
Other provisions like RDD etc

121.3

Interest Paid

94.50

Loss on sale of investments

Loss on sale of assets

6.9

Share of minority interest

Other non-cash and non-operating expenses
Less: Adjustments for non-cash and non-operating income
Unrealised foreign exchange gain

2,052.80
685.5

Provision or liabilities written back

Interest income

217.10

Dividend income

382.20

Profit on sale of investments

768.00

Profit or loss on sale of assets

Contribution by minority interest
Other non-cash and non-operating income

Operating cash flow before working capital changes

Add:Cash inflow due to

51754.4

15,581.00

Decrease in trade & other receivables

Decrease in inventories

390.40

Increase in trade & other payables

4653.4

Increase in deposits
Decrease in advances
Increase in other current liabilities
Less: Cash outflow due to
Increase in trade & other receivables

5,043.80
15,581.00

Increase in inventories
Decrease in trade & other payables
Decrease in deposits (banks or fis)
Increase in advances (banks or fis)
Decrease in other current liabilities
Cash flow generated from operations
Cash outflow due to direct taxes paid

41217.2
6498.5

Cash inflow due to direct taxes refund

Cash outflow due to dividend tax paid
Cash flow before extraordinary items

34718.7

Cash outflow due to extraordinary items

Cash inflow due to extraordinary items
Cash outflow due to misc expend

Net cash inflow from investing activities

Less: Cash outflow due to investing activities
Purchase of fixed assets

-18136.4
19266.8
12485.9

Increase in capital work in progress

Acquisition or merger of companies or units

1804.1

Purchase of investments

4976.8

Loans to subsi or group companies

Loans to other companies
Profit or (loss) on redemption of shares
Other income
Disbursements
Add: Cash inflow due to investing activities
Sale of fixed assets

1130.4
72.6

Decrease in capital work in progress

Merger or hiving off of companies or units
Sale of Investments

724.2

Redemption of shares

Loans from subs or group companies

Loans from other companies

80

Interest received

211.2

Dividend received

42.40

Other income
disbursements

Net cash inflow or (outflow) from financing activities

Less: Cash outflow due to financing activities

-6941.6
11,078.30

Issue expenses
Interest paid
Dividend paid

86.50
10,918.40

Repayment of borrowings
Repayment of long term liabilities
Repayment of short term liabilities
Cash (outflow) due to redemption or buyback of capital
Cash inflow or (outflow) due to other cash receipts or payables from financing activities
Add: Cash inflow from financing activities
Proceeds from share issue
Cash Subsidy

73.4
4136.7
211.30

Proceeds from borrowings

3,925.40

Proceeds from long term borrowings

Proceeds from short term borrowings
Other cash receipts or payables from financing activities
Net increase or (decrease) in cash & cash equivalents
Cash & bank - opening balance
Cash & bank - closing balance
Net increase or (decrease) in cash & cash equivalents(cl-op)

9,640.70
4323.8
13,964.50
9,640.70

40969
12 mths

12 mths

12 mths

12 mths

12 mths

38948.8

54085.6

72123.7

66060.7

69970

58,459.50

61,500.70

82,896.30

110,206.20

139,233.10

6,498.10

6,710.70

9,236.70

7,942.50

10,465.20

5,637.10

5,640.80

6,608.90

7,352.60

9,179.40

214.3

260.6

653.7

253.9

473.2

332.1

307

783.3

1740.3

46.3

74.2

300.10

286.60

161.00

264.80

222.30

39

18.2

3.50

3,792.80

7,467.70

8,301.30

1,827.60

3,878.90
1019.6

493.5
37.7

1023

267.4

2,051.10

4,972.30

7,652.20

569.90

1,023.20

1,079.80

1,258.90

133.80

160.40

64.10

157.00

504.10

1,570.20

818.50

317.60

20.90

73.10

63130

64332.5

88,340.20

110,681.00

141,397.00

18,856.80

8,189.90

3,566.70

27,587.20

48,032.00

476.50

5577

58.30

188.10

4718.4

5797.3

5,285.50
5,577.00

10,062.20

18,099.00

8,189.90

6,461.90

8.30

50.50
5569.4

13397.9

115.80

3,954.10

5,685.20

17,402.50

27,536.90

48,032.00

50.30

749.5

3566.7

49850.2

66204.8

91235.4

88779

110767.5

10901.4

12119.2

19073.1

22635.2

40684

38.6

83.1

113.5

38948.8

54085.6

72123.7

66060.7

69970

-25193.1

-34467.4

-52232.2

-14615.4

-27274.5

299282.7

342145

606958.5

538066.1

205581.1

12709.8

11473

10447.9

18266.1

20070.7

1549

24431.4

103

284823.9

294663.9

572187.7

498386.2

171673.5

200

800

6834.1

24219.9

21413.8

7002.8

10776.7
274089.6

307677.6

554726.3

523450.7

178306.6

90.3

495

133

181.1

197.1

344.9
272384.4

306167.3

553531.4

518376.8

173852.3

400
417.1

844.6

928.1

3987.5

4193.1

204.00

170.70

133.80

160.40

64.10

993.80

-14558.6

-15696.8

-24243.2

-46505.9

-39437.4

15,577.20

16,756.00

24,783.40

46,615.40

39,534.50

261.20

327.50

166.40

265.00

223.70

14,961.90

16,141.00

19,656.70

46,003.60

38,969.30

212.5

287.5

4492

346.8

341.50

42.8

12.5

304

329

141.6

468.3

1018.6

1059.2

540.2

109.5

97.1

1,018.60

39.30

53.90

6.60

97.10

122.00

486.30

102.90
102.90

897.90
-802.90

3,921.40

-4,351.70

4,939.40

3,258.10

11477.6

10674

14,595.40

10,243.70

15,485.90

10,674.70

14,595.40

10,243.70

15,485.90

19,934.90

-802.90

3,921.40

-4,351.70

5,242.20

4,449.00