TCS ~ Terrific Computer Share ! ~ Tata Consultancy Services ~ Experience Certainty is it’s tagline ~At Rs 1253 it’s got the biggest Market Cap on BSE at Rs 245296 crs or US $ 44 Billion ! => compared to the listing price ,the capital appreciation is more than 5 times even post two 1: 1 Bonus Issues !
~ Impressed by the Presentation of the FY 12 Annual Report that just came
~ 14 Directors with Chairman R N Tata at No 1 and Chairman to be C P Mistry at No 14 and one Woman Director Laura Cha too~ wonder if the Director Listing is by Age or Current Hiearchy or by Induction Date !…Young C P Mistry was inducted on the Board only in April 2012
~ Revenue is up 31% at Rs 48894 crs => US $ 9 Billion ~ Addition of 141 Clients taking Clientele to 1076 in Number with No of US $ 100 Million Clients jumping from 8 to 14 ~ North America contributed @ 30% higher yoy at Rs 26064 crs => 53.3 % of Total Revenues ~ UK contributed 15.2% with Rs 7453 crs and Rest of Europe with 10% at Rs 4928 crs => @ 79 % of Revenues therefore coming in from USA & Europe,same % as in FY 2011
~ PAT is up 15% at Rs 10413 crs => EPS of Rs 53 on an Equity of Rs 195.72 crs ( FV Rs 1) => PE of 24
~ Dividend for FY 12 is a strong Rs 25 (250%) including a special one of Rs 8 ~ last year it was Rs 14
~ Networth is Rs 29579 crs with the Equity Component at Rs 195 crs (FV Rs 1) => US $ 5.3 Billion ~ Networth has moved up 8.5 times in the last 8 years ! from just Rs 3478 crs in FY 05 => Book Value of Rs 152 => PBV of 8.3 !
~ No of Employees at March 31,2012 was 228760 ~ As of May 26,2012 there were 238583 Employees with 70400 hired in the last 12 months
~ Impact on India’s Economy ~ 10% of IT Industry ~ 3.3% of Exports ~ 12% of Oil Import Bill
~ 4.7% Weightage in Sensex and 4% Weightage in Nifty
Just a word of Caution for the Short Term sounded by the CEO & MD N Chandrasekaran
” Looking ahead to 2012-13,global macro-economic challenges persist.The world is witnessing slower GDP growth as well as slower job growth across developed and emerging markets.Currency volatility continues.These issue are likely to cloud prospects in the short-term.”
AGM is on June 29,2012 in Mumbai