TCS

Margin Ratios 2021 2020 2019 2018 2017

PBDIT Margin (%) 33.61 34.6 34.57 34.52 34.15
PBIT Margin (%) 31.37 32.54 33.18 32.82 32.45
PBT Margin (%) 30.08 31.97 33.04 32.79 32.43
Net Profit Margin (%) 22.77 25.33 24.4 25.92 25.51

INFOSYS

Margin Ratios 2021 2020 2019 2018 2017

PBDIT Margin (%) 31.33 28.76 29.44 34.41 34.18
PBIT Margin (%) 28.63 26.04 27.25 32.14 31.94
PBT Margin (%) 28.49 25.9 27.25 32.14 31.94
Net Profit Margin (%) 21 19.66 20.11 26.08 23.3

TCS
Growth Ratios 2021 2020 2019 2018 2017
Net Sales Growth(%) 4.61 7.16 18.98 4.36 -
   EBIT Growth(%) 2.84 3.38
   PAT Growth(%) 0.35 2.8
   EPS Growth(%) 1.63 2.76

INFOSYS
Growth Ratios 2021 2020 2019 2018 2017
Revenue (%) 10.7 9.8 17.2
Operating profit (%) 27.1 2.6 10.1
Net profit (%) 16.6 7.7 -3.9
Basic EPS (%) 17 10 -0.3
TCS
Liquidity Ratios 2021 2020 2019 2018
Current Ratio (X) 2.92 3.3 4.18 4.85
Quick Ratio (X) 2.92 3.3 4.18 4.85

INFOSYS

Liquidity Ratios 2021 2020 2019 2018

Current Ratio (X) 2.74 2.88 3 3.78
Quick Ratio (X) 2.74 2.88 3 3.78

TCS
Turnover Ratios 2021 2020 2019 2018
Inventory Turnover Ratio (X) 0 0 0 0
Fixed assets turnover ratio 1.82 1.71 1.59 1.26

INFOSYS
Turnover Ratios 2021 2020 2019 2018
Fixed assets turnover ratio 1.28 1.27 1.16 0.94
Inventory turnover ratio 1.21 1.28 1.17 -

TCS
Valuation Ratios 2021 2020 2019 2018
Enterprise Value (Cr.) 1,172,570.00 678,819.75 741,250.00 540,949.30
EV/Net Operating Revenue (X) 8.62 5.17 6.02 5.56
EV/EBITDA (X) 25.65 14.94 17.4 16.1
MarketCap/Net Operating Revenue 8.65 5.21 6.09 5.59
Retention Ratios (%) 64.95 4.1 66.45 63.21
Price/BV (X) 15.72 9.19 9.51 7.17
Price/Net Operating Revenue 8.65 5.21 6.09 5.59
Earnings Yield 0.03 0.05 0.04 0.05
 Infosys
2017 Valuation Ratios 2021 2020 2019 2018
6.4 Enterprise Value (Cr.) 565,049.50 259,077.74 307,794.88 230,982.96
EV/Net Operating Revenue
6.39 6.58 3.28 4.21 3.73
(X)
EV/EBITDA (X) 20.99 11.4 14.3 10.84
MarketCap/Net Operating
6.78 3.45 4.42 4
Revenue (X)
Retention Ratios (%) 49.25 38.53 6.35 53.57

Price/BV (X) 8.15 4.38 5.16 3.9

Price/Net Operating
6.78 3.45 4.42 4
2017 Revenue
4.05 Earnings Yield 0.03 0.06 0.05 0.07
4.05

2017
0
1.29

2017
0.91
-

2017
477,854.70
5.16
15.09
5.17
61.26
6.14
5.17
0.05
 2017
215,222.68
3.63
10.62
3.95
49.48

3.45

3.95
0.06
Margin ratios measure a company’s ability to turn its sales into profits. Margin ratios for both the companie
this mteric and fairly converting its sales into profit.

Growth ratios indicate how fast a company or its business is growing. For infosys the growth ratios till y
A liquidity ratio is a type of financial ratio used to determine a company’s ability to pay its short-term de
obligations.
For both Infosys and TCS these ratios are showing healthy results which means that both companies are equally c

The turnover ratios are used to check the efficiency of the company that how it uses its assets to earn re
sector companies it is not possible to maintain large inventory because they are service based companie

A valuation ratio shows the relationship between the market value of a company or its equity and som
more than book value.
 n ratios for both the companies TCS and infosys for past 5 years are more or less same which means that both companies are almost equal

fosys the growth ratios till year 2020 was same as that of TCS but in the year 2021 infosys is doing far better than TCS .
lity to pay its short-term debt obligations. The metric helps determine if a company can use its current, or liquid, assets to cove
both companies are equally capable of paying their short term obligations.

w it uses its assets to earn revenue. Ratio greater than means company is efficiently managing its assets to generate revenue. Fo
are service based companies. Fixed asset turnovert ratio for both companis showing good results.

mpany or its equity and some fundamental financial metric. For TCS it more than infosys which TCS is overvalued market price
h companies are almost equal in

r better than TCS .

ent, or liquid, assets to cover its

ets to generate revenue. For IT

is overvalued market price is