Whalesbook
So, TCS ke leaders sabki yeh chinta door kar rahe hain ki AI aa gaya toh IT jobs gayab ho jayengi. CEO K. Krithivasan ka kehna hai ki AI se productivity toh zabardast badhegi, aur humein zyada complex, high-value kaam karne ke liye zyada log lagenge. Simple words mein, jitna kaam aap aaj kar rahe ho, AI se shayad uske liye kam log chahiye ho, but aap kaam double-triple kar paoge. Ye announcement important hai kyunki pura Indian IT sector, jo Nifty IT index par hai, March 2026 tak lagbhag 25% gir chuka hai, primarily AI se revenues kam hone aur automation ke darr se.
Ab company apne workforce ko kaise badal rahi hai? Strategy chief Aarti Subramanian ne bataya ki TCS ab consulting aur advisory talent par zyada invest kar rahi hai. Idea yeh hai ki clients ko better expertise mile taaki woh AI ko use karke apne kaam ko improve kar saken. Isi wajah se, pichhle saal 44,000 se zyada logon ko hire kiya gaya tha aur iss saal campus se 25,000 offers diye gaye hain. Experienced logon ki hiring bhi mast chal rahi hai kyunki clients ki demand hai. CEO Krithivasan ne yeh bhi saaf kiya hai ki jo FY26 mein 23,000 logon ko nikala gaya tha, woh AI ki wajah se nahi tha, balki woh senior aur middle managers the jo naye work models ko adapt nahi kar pa rahe the. Yani, general kaam se zyada specialized skills par focus hai.
Ab stocks ki baat karein toh, April 2026 ki shuruaat mein, TCS ka stock pichhle saal se girkar lagbhag ₹2,589 ke aas paas trade kar raha hai. Industry mein chal rahe challenges dikh rahe hain. Company ka TTM Price-to-Earnings ratio 18.3 se 19.4 ke beech hai, jo competitors jaise Accenture (15.2-16.9), Wipro (15.5-16.7), aur Cognizant (13.4-17.0) ke aas paas hai. HCLTech ka P/E 21.1-34.1 hai, aur Infosys ka 17.4-19.3 hai, TCS ke same level par. Kuch analysts ka kehna hai ki AI se traditional IT services revenues saal mein 2-3% kam ho sakte hain, but phir bhi TCS ek achha investment hai. Global brokerage CLSA ka bhi positive view hai, unki mannani hai ki demand stable hai aur deal pipelines strong hain, isliye TCS ek attractive option hai. TCS ne Q4 FY26 mein $2.3 billion se zyada annualized AI revenue report kiya hai, jo dikhata hai ki AI capabilities se early earnings aa rahi hain.
Haan, TCS management jitna bhi optimistic ho, kuch risks bhi hain jin par nazar rakhni chahiye. Yeh pakka nahi hai ki productivity gains se automatically zyada service demand aa jayegi. Automation se traditional tasks ka kaam kam ho sakta hai, jisse per employee revenue kam ho sakta hai. Senior managers ko nikaalne se company ka important knowledge aur experience bhi ja sakta hai, jo complex client work ke liye zaroori hai. Indian IT sector ka overall drop yeh dikhata hai ki market AI ke disruption se worried hai. Higher-level consulting mein shift karne ke liye kaafi resources lagte hain aur competition bhi bahut hai. TCS ke stock mein pichhle saal 21% se zyada ki girawat dikhati hai ki investors abhi thode cautious hain, management ke reassurance ke bawajood.
Bade analysts ka TCS par overall view positive hai, aur 'Buy' consensus rating hai. Reports ke mutabik, 12-month price target ₹3,078.64 se ₹3,497.67 ke beech mein hai, matlab abhi ke levels se accha potential dikh raha hai. Is optimism ka reason hai strong deal wins, jismein full-year total contract value (TCV) $40.7 billion pahunch gaya tha aur Q4 FY26 mein $12.0 billion tha. Currency fluctuations aur economic uncertainties ke bawajood, TCS ne Q4 FY26 mein operating margins mein four-year high banaya tha 25.3% par, aur full-year margins 25.0% rahe. TCS ki AI strategy ki success aur productivity gains ko lasting demand mein badalne ki capacity hi future growth aur investor trust ke liye crucial rahegi.