Tata Communications Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • GDMS: 85.7% • GVS: 6.2% • Transformation Services: 3.8%
AI Sector View
AI GENERATEDTelecommunication
Telecom operating proxies are steady, with telecom subscriber base up 11.0% YoY (2026-06) and broadband subscriber base also up 11.0% YoY (2026-06). However, persistent FPI outflows of INR -11055 crore over 3 months to 2026-08-31 suggest weak investor appetite. That combination supports a neutral rather than positive stance.
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 55.0%
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.86x)
- Company has been maintaining a healthy dividend payout of 49.8%
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- Company has a high debt-to-equity of 3.14x
- Recent results are weak - TTM profit is down 62.0% versus prior year
- A large part of profit comes from other income (34.2% of PBT)
- Contingent liabilities are large at 494.4% of net worth
- Company has delivered a poor profit growth of -4.3% over past five years
- Stock is trading at 11.4x its book value
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHARTIARTL | 1832.00 | 39.54 | 1143379.47 | 1.31 | 10011.60 | 34.89 | 58539.10 | 18.35 | 25.05 | 57.07 |
| IDEA | 14.96 | 4.33 | 162081.18 | 0.00 | -3754.00 | 43.19 | 11689.00 | 6.19 | 46.77 | 43.07 |
| INDUSTOWER | 387.65 | 14.30 | 102268.38 | 3.61 | 1745.80 | 0.52 | 8431.10 | 4.64 | 30.51 | 53.11 |
| BHARTIHEXA | 1543.45 | 42.31 | 77172.50 | 1.17 | 4824.00 | 1131.87 | 25099.00 | 1009.10 | 29.30 | 52.68 |
| TATACOMM | 1763.25 | 53.15 | 50267.73 | 0.99 | 129.72 | -31.78 | 6582.82 | 10.45 | 15.75 | 18.75 |
| RAILTEL | 259.85 | 41.36 | 8339.58 | 1.25 | 38.39 | 48.51 | 467.61 | 24.08 | 23.03 | 15.86 |
| TTML | 35.59 | 86.72 | 6957.59 | 0.00 | -72.15 | 77.80 | 301.57 | 6.09 | 157.86 | 53.91 |
| HATHWAY | 10.25 | 23.94 | 1814.36 | 0.00 | 24.56 | -20.85 | 565.10 | 6.52 | 2.55 | 13.43 |
| MTNL | 24.71 | 0.00 | 1556.73 | 0.00 | -842.36 | 10.69 | 216.89 | 229.92 | -6.76 | -15.07 |
| GTL | 7.25 | 0.14 | 114.04 | 0.00 | 4520.66 | 2243.77 | 497.08 | -28.12 | 0.00 | 27.04 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,771 | 4,872 | 5,588 | 5,645 | 5,592 | 5,728 | 5,798 | 5,990 | 5,960 | 6,100 | 6,189 | 6,554 | 6,583 | |
| 3,747 | 3,857 | 4,435 | 4,569 | 4,456 | 4,598 | 4,617 | 4,868 | 4,823 | 4,926 | 4,961 | 5,270 | 6,278 | |
| Operating Profit | 1,024 | 1,015 | 1,153 | 1,076 | 1,137 | 1,129 | 1,181 | 1,122 | 1,137 | 1,174 | 1,228 | 1,284 | 305 |
| OPM % | 21.46% | 20.84% | 20.64% | 19.06% | 20.32% | 19.72% | 20.37% | 18.73% | 19.07% | 19.24% | 19.84% | 19.59% | 4.63% |
| 191 | 25 | -179 | 1 | 109 | 53 | 14 | 647 | -3 | -38 | 183 | 63 | 119 | |
| Interest | 131 | 137 | 184 | 186 | 170 | 189 | 187 | 182 | 177 | 202 | 201 | 182 | 186 |
| Depreciation | 580 | 605 | 603 | 651 | 634 | 648 | 637 | 672 | 666 | 679 | 751 | 731 | 739 |
| Profit before Tax | 504 | 298 | 187 | 240 | 441 | 345 | 371 | 914 | 291 | 255 | 458 | 434 | 216 |
| Tax % | 25.93% | 26.11% | 60.64% | -45.15% | 19.70% | 28.32% | 34.04% | 19.25% | 22.47% | 32.25% | 22.01% | 42.22% | 39.87% |
| Net Profit | 0 | 0 | 0 | 0 | 333 | 227 | 236 | 1,041 | 190 | 183 | 364 | 259 | 130 |
| 13.39 | 7.74 | 2.74 | 12.43 | 12.52 | 8.81 | 9.00 | 26.70 | 8.15 | 6.42 | 12.82 | 9.24 | 4.71 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 17,620 | 16,772 | 16,525 | 17,068 | 17,100 | 16,725 | 17,838 | 20,785 | 23,109 | 24,803 | 25,426 | |
| 15,232 | 14,425 | 13,812 | 13,805 | 12,898 | 12,509 | 13,563 | 16,469 | 18,566 | 20,171 | 21,435 | |
| Operating Profit | 2,388 | 2,347 | 2,713 | 3,263 | 4,202 | 4,216 | 4,276 | 4,316 | 4,543 | 4,632 | 3,990 |
| OPM % | 13.55% | 13.99% | 16.42% | 19.12% | 24.57% | 25.21% | 23.97% | 20.76% | 19.66% | 18.68% | 15.69% |
| -685 | -51 | 95 | -295 | 141 | 349 | 482 | 30 | 848 | 394 | 326 | |
| Interest | 367 | 344 | 397 | 471 | 420 | 360 | 432 | 630 | 729 | 762 | 771 |
| Depreciation | 1,866 | 1,906 | 2,068 | 2,358 | 2,314 | 2,205 | 2,262 | 2,397 | 2,592 | 2,827 | 2,900 |
| Profit before Tax | -530 | 46 | 343 | 140 | 1,609 | 2,000 | 2,063 | 1,318 | 2,070 | 1,438 | 1,362 |
| Tax % | -44.59% | 778.16% | 79.64% | 162.30% | 22.06% | 26.11% | 14.37% | 16.20% | 23.51% | 30.02% | 33.19% |
| Net Profit | -766 | -309 | 70 | -87 | 1,254 | 1,478 | 1,767 | 1,105 | 1,583 | 1,006 | 910 |
| EPS | 43.26 | -11.53 | -2.89 | -3.02 | 43.88 | 51.99 | 63.01 | 33.98 | 64.43 | 35.14 | — |
| Dividend Payout % | 13.87% | -39.03% | -155.70% | -132.62% | 31.90% | 39.81% | 33.32% | 49.15% | 38.80% | 49.80% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 3%
- 5 Years:
- 8%
- 3 Years:
- 12%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 61%
- 5 Years:
- -4%
- 3 Years:
- -18%
STOCK PRICE CAGR
- 10 Years:
- 14%
- 5 Years:
- 5%
- 3 Years:
- -2%
- 1 Year:
- 11%
RETURN ON EQUITY
- 10 Years:
- 48%
- 5 Years:
- 119%
- 3 Years:
- 55%
- Last Year:
- 32%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 285 | 285 | 285 | 285 | 285 | 285 | 285 | 285 | 285 | 285 |
| Minority Interest | 18 | 4 | 6 | 5 | 28 | 28 | 30 | 4 | 3 | 204 |
| 1,307 | 214 | -467 | -1,563 | -170 | 643 | 1,233 | 1,497 | 2,703 | 3,084 | |
| 12,105 | 11,115 | 12,541 | 13,732 | 13,764 | 10,199 | 9,280 | 11,308 | 13,606 | 12,048 | |
| Trade Payables | 3,581 | 3,472 | 3,689 | 3,845 | 3,239 | 3,006 | 3,277 | 3,656 | 3,569 | 4,317 |
| 3,737 | 4,419 | 3,809 | 5,578 | 3,876 | 5,289 | 6,091 | 7,094 | 5,611 | 7,564 | |
| Total Liabilities | 21,033 | 19,510 | 19,862 | 21,882 | 21,023 | 19,451 | 20,197 | 23,844 | 25,778 | 27,503 |
| 10,714 | 10,584 | 11,016 | 12,390 | 11,126 | 10,540 | 10,103 | 13,082 | 13,724 | 15,294 | |
| Capital Work in Progress | 629 | 440 | 298 | 286 | 394 | 779 | 1,003 | 1,177 | 1,005 | 762 |
| 2,434 | 1,250 | 1,491 | 1,563 | 2,233 | 1,565 | 1,951 | 1,608 | 2,714 | 2,297 | |
| 19 | 27 | 77 | 73 | 34 | 38 | 160 | 84 | 158 | 100 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,758 | 4,006 | 4,171 | |
| Cash & Bank | 1,079 | 1,296 | 852 | 909 | 927 | 743 | 1,063 | 842 | 587 | 695 |
| 6,158 | 5,913 | 6,128 | 6,660 | 6,307 | 5,786 | 5,918 | 3,294 | 3,584 | 4,183 | |
| Total Assets | 21,033 | 19,510 | 19,862 | 21,882 | 21,023 | 19,451 | 20,197 | 23,844 | 25,778 | 27,503 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3,134 | 1,978 | 2,412 | 2,804 | 3,676 | 4,115 | 4,588 | 3,182 | 2,911 | 4,479 | |
| Cash from Investing | 943 | -504 | -2,288 | -1,530 | -2,005 | -895 | -1,842 | -2,644 | -2,179 | -1,460 |
| Cash from Financing | -3,276 | -959 | -28 | -942 | -1,205 | -3,431 | -2,241 | -813 | -936 | -2,937 |
| 61 | 250 | -471 | 53 | -30 | -122 | 302 | -275 | -204 | 83 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - Tata Communications Limited has informed the Exchange about dissolution of a wholly owned indirect subsidiary.
2026-08-27 - Tata Communications Limited has informed the Exchange about Schedule of meet
2026-08-25 - Tata Communications Limited has informed the Exchange regarding a press release dated August 25, 2026, titled "Tata Communications, Tata Motors Passenger Vehicles join forces to accelerate Software-Defined Vehicle Deployment in India Introduces in-built 5G cellular connectivity in the Sierra.ev".
2026-08-24 - Tata Communications Limited has informed the Exchange about Intimation regarding issuance, allotment and listing of Commercial Paper amounting to Rs. 300 crore
2026-08-21 - Tata Communications Limited has informed the Exchange regarding Allotment of 68,894 Equity Shares under Employee Stock Unit Plan 2023
2026-08-19 - Tata Communications Limited has informed the Exchange about Intimation regarding issuance, allotment and listing of Commercial Paper amounting to Rs. 250 crore
2026-08-07 - Tata Communications Limited has informed the Exchange about Schedule of meet
2026-07-28 - Tata Communications Limited has informed the Exchange about Grant of stock options under Tata Communications Limited - Stock Unit Plan 2023 .
2026-07-28 - Tata Communications Limited has informed the Exchange about Transcript
News
Recent coverage and analyst commentary for TATACOMM
Loading news…
AI Stock Analyst
Tata Communications Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account