| Pub. Date | : October, 2021 |
|---|---|
| Product Name | : The IUP Journal of Accounting Research and Audit Practices |
| Product Type | : Article |
| Product Code | : IJARAP351021 |
| Author Name | : S Vijaya Lakshmi* |
| Availability | : YES |
| Subject/Domain | : Finance |
| Download Format | : PDF Format |
| No. of Pages | : 7 |
Tata Consultancy Services Limited (TCS) is a global Indian Information Technology (IT) company and a leading company in the Indian IT space. TCS enjoys a high net profit margin and has a liquid and debt-free balance sheet. This case study covers the background of TCS and highlights its financial performance. It provides sufficient information for a ratio analysis to be done of TCS. Additionally, it helps to analyze the financial performance of TCS through common size analysis, common base analysis, and DuPont analysis. This case helps students to understand the financials of IT companies.
Financial statement analysis identifies aspects of financial statements that are relevant to
investment decisions.1
- J A Ou and S H Penman, in 1989
Financial statement analysis is ubiquitous and involves a wide variety of ratios and a
wide variety of users, including trade suppliers, banks, credit rating agencies, investors
and management, among others.2
- W H Beaver, M Correia and M F McNichols, in 2011
It was April 10, 2019, Amit Basin (Amit), an analyst with Silver Oak Research (Silver Oak), a financial service provider based in Mumbai, India, was in his cabin waiting for Akanksha Garg (Akanksha), an intern from one of the leading business schools in India. On April 9, Amit had been given the task of evaluating the Indian IT industry and submitting a report by the end of the month. Amit was a little concerned about completing the work on time as one-third of the month had already elapsed. He thought of taking Akanksha's help to complete the work