Tata Communications Ltd.

•

tatacommunication.comBSE: 500483NSE: TATACOMM

Market Cap₹ 50,286 Cr.

Current Price

High / Low₹ 2,110 / 1,322

Stock P/E66.0

Book Value₹ 372

Price to Book3.66

Dividend Yield0.99 %

ROCE9.3 %

ROE7.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • GDMS: 96.0% • Real Estate: 3.2% • GVS: 0.8%

AI Sector View

AI GENERATED

Telecommunication

Hold

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.

Confidence

58%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.10x)
Company has been maintaining a healthy dividend payout of 62.8%
Company has a consistent dividend-paying track record
Working capital cycle has improved - days down from -123 to -167
Company maintains a comfortable, low leverage position

CONS

Recent results are weak - TTM profit is down 62.1% versus prior year
A large part of profit comes from other income (64.8% of PBT)
Company has a low return on capital employed of 9.9%
Company has a low return on equity of 8.1% over last 3 years
Contingent liabilities are large at 137.2% of net worth
Total debt has risen sharply - up 48.1% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TelecommunicationTelecomTelecommunication - Service Provider

Part ofNIFTYM150MOMNTM50 NIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150

S.No.	Name
1.	BHARTIARTL	1837.00	39.65	1146500.05	1.31	10011.60	34.89	58539.10	18.35	25.05	57.07
2.	IDEA	14.96	4.33	162081.18	0.00	-3754.00	43.19	11689.00	6.19	46.77	43.07
3.	INDUSTOWER	372.70	13.74	98324.33	3.76	1745.80	0.52	8431.10	4.64	30.51	53.11
4.	BHARTIHEXA	1539.25	42.19	76962.50	1.17	4824.00	1131.87	25099.00	1009.10	29.30	52.68
5.	TATACOMM	1763.90	53.17	50286.26	0.99	129.72	-31.78	6582.82	10.45	15.75	18.75
6.	RAILTEL	262.55	41.79	8426.24	1.24	38.39	48.51	467.61	24.08	23.03	15.86
7.	TTML	35.93	87.55	7024.06	0.00	-72.15	77.80	301.57	6.09	157.86	53.91
8.	HATHWAY	10.19	23.80	1803.74	0.00	24.56	-20.85	565.10	6.52	2.55	13.43
9.	MTNL	25.14	0.00	1583.82	0.00	-842.36	10.69	216.89	229.92	-6.76	-15.07
10.	GTL	7.23	0.14	113.73	0.00	4520.66	2243.77	497.08	-28.12	0.00	27.04

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	1,975	2,008	2,005	2,004	1,809	1,794	1,815	1,860	1,823	1,803	1,869	1,881	1,839
	1,485	1,558	1,514	1,532	1,404	1,385	1,393	1,499	1,466	1,352	1,418	1,392	1,727
Operating Profit	490	450	492	472	404	409	421	362	357	451	450	490	111
OPM %	24.80%	22.42%	24.52%	23.55%	22.35%	22.80%	23.22%	19.44%	19.60%	25.00%	24.10%	26.03%	6.05%
	211	46	-121	94	269	-268	67	757	125	142	282	98	124
Interest	15	23	54	63	42	60	66	68	66	90	93	88	92
Depreciation	249	255	261	273	246	249	243	245	248	264	262	270	271
Profit before Tax	436	218	55	230	385	-168	180	805	168	239	377	230	139
Tax %	24.81%	24.45%	150.35%	24.50%	11.19%	28.51%	26.63%	13.42%	18.91%	11.81%	26.30%	26.58%	24.82%
Net Profit	328	164	-28	174	342	-120	132	697	136	211	278	169	104
	11.51	5.77	-0.98	6.10	12.00	-4.21	4.62	24.46	4.78	7.40	9.75	5.92	3.66

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	5,068	5,252	5,389	5,750	6,225	6,587	7,236	7,992	7,278	7,376	7,391
	4,323	4,035	4,190	4,213	4,259	4,653	5,405	6,098	5,689	5,667	5,889
Operating Profit	746	1,217	1,199	1,537	1,966	1,935	1,831	1,893	1,589	1,708	1,502
OPM %	14.71%	23.18%	22.24%	26.73%	31.59%	29.37%	25.31%	23.69%	21.84%	23.16%	20.32%
	1,255	142	-548	-131	343	590	236	240	832	687	647
Interest	31	40	36	55	107	89	90	156	236	337	363
Depreciation	765	830	891	977	973	916	996	1,038	984	1,044	1,067
Profit before Tax	1,205	489	-276	374	1,229	1,520	981	940	1,202	1,014	985
Tax %	42.75%	45.48%	-60.39%	44.11%	21.69%	23.22%	32.10%	32.05%	12.58%	21.72%	22.63%
Net Profit	690	267	-442	209	963	1,167	666	639	1,051	794	762
EPS	24.20	9.36	-15.52	7.33	33.78	40.96	23.37	22.41	36.87	27.86	—
Dividend Payout %	24.79%	48.10%	-28.99%	54.60%	41.45%	50.54%	89.84%	74.53%	67.80%	62.83%	—

COMPOUNDED SALES GROWTH

10 Years:: 4%
5 Years:: 3%
3 Years:: 1%

COMPOUNDED PROFIT GROWTH

10 Years:: 7%
5 Years:: -4%
3 Years:: 6%

STOCK PRICE CAGR

10 Years:: 14%
5 Years:: 5%
3 Years:: -2%
1 Year:: 11%

RETURN ON EQUITY

10 Years:: 6%
5 Years:: 9%
3 Years:: 8%
Last Year:: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	8,970	8,518	7,914	7,936	8,782	9,518	9,576	9,601	10,133	10,216
	1,220	1,013	786	1,424	1,423	1,330	1,393	3,640	4,206	6,279
Trade Payables	1,174	1,298	1,802	1,591	1,532	1,315	1,399	1,282	1,442	1,358
	1,404	1,609	1,591	1,936	1,840	1,954	2,283	2,495	2,245	2,530
Total Liabilities	13,053	12,724	12,378	13,172	13,861	14,401	14,936	17,303	18,312	20,668
	3,754	3,865	4,288	4,856	4,656	4,654	4,599	4,943	5,028	5,546
Capital Work in Progress	431	330	191	117	155	417	609	664	598	414
	5,366	4,211	3,873	4,038	4,736	4,277	4,417	6,083	7,095	7,774
	15	24	63	68	18	18	115	33	47	7
	0	0	0	0	0	0	0	1,228	1,188	1,367
Cash & Bank	102	615	150	164	249	101	305	321	247	250
	3,385	3,680	3,813	3,928	4,047	4,935	4,892	4,030	4,108	5,309
Total Assets	13,053	12,724	12,378	13,172	13,861	14,401	14,936	17,303	18,312	20,668

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,621	1,199	1,673	1,287	2,001	2,102	2,210	2,106	1,597	1,504
Cash from Investing	-865	-61	-1,450	-1,093	-1,454	-1,708	-1,224	-3,500	-1,381	-1,935
Cash from Financing	-90	-442	-263	1	-159	-563	-710	1,410	-290	434
	16	525	-466	17	35	-99	153	16	-74	3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.86	58.86	58.86	58.86	58.86	58.86	58.86	58.86	58.86
	18.09	18.06	17.80	16.99	17.17	13.61	14.46	14.44	13.75
	13.15	13.45	13.66	14.51	14.83	19.03	18.49	19.14	19.85
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	9.91	9.62	9.68	9.64	9.14	8.50	8.19	7.56	7.53

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

General Updates

2026-09-08 - Tata Communications Limited has informed the Exchange about dissolution of a wholly owned indirect subsidiary.

2026-08-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-27 - Tata Communications Limited has informed the Exchange about Schedule of meet

2026-08-25

Press Release

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

General Updates

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

ESOP/ESOS/ESPS

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

General Updates

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

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - Tata Communications Limited has informed the Exchange about Schedule of meet

2026-07-28

General Updates

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

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-28 - Tata Communications Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for TATACOMM

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Tata Communications Ltd.

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Name

BHARTIARTL

1837.00

39.65

1146500.05

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

372.70

13.74

98324.33

3.76

1745.80

0.52

8431.10

4.64

30.51

53.11

BHARTIHEXA

1539.25

42.19

76962.50

1.17

4824.00

1131.87

25099.00

1009.10

29.30

52.68

TATACOMM

1763.90

53.17

50286.26

0.99

129.72

-31.78

6582.82

10.45

15.75

18.75

RAILTEL

262.55

41.79

8426.24

1.24

38.39

48.51

467.61

24.08

23.03

15.86

TTML

35.93

87.55

7024.06

0.00

-72.15

77.80

301.57

6.09

157.86

53.91

HATHWAY

10.19

23.80

1803.74

0.00

24.56

-20.85

565.10

6.52

2.55

13.43

MTNL

25.14

0.00

1583.82

0.00

-842.36

10.69

216.89

229.92

-6.76

-15.07

GTL

7.23

0.14

113.73

0.00

4520.66

2243.77

497.08

-28.12

0.00

27.04

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

1,975

2,008

2,005

2,004

1,809

1,794

1,815

1,860

1,823

1,803

1,869

1,881

1,839

1,485

1,558

1,514

1,532

1,404

1,385

1,393

1,499

1,466

1,352

1,418

1,392

1,727

Operating Profit

490

450

492

472

404

409

421

362

357

451

450

490

111

OPM %

24.80%

22.42%

24.52%

23.55%

22.35%

22.80%

23.22%

19.44%

19.60%

25.00%

24.10%

26.03%

6.05%

211

-121

269

-268

757

125

142

282

124

Interest

Depreciation

249

255

261

273

246

249

243

245

248

264

262

270

271

Profit before Tax

436

218

230

385

-168

180

805

168

239

377

230

139

Tax %

24.81%

24.45%

150.35%

24.50%

11.19%

28.51%

26.63%

13.42%

18.91%

11.81%

26.30%

26.58%

24.82%

Net Profit

328

164

-28

174

342

-120

132

697

136

211

278

169

104

11.51

5.77

-0.98

6.10

12.00

-4.21

4.62

24.46

4.78

7.40

9.75

5.92

3.66

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

5,068

5,252

5,389

5,750

6,225

6,587

7,236

7,992

7,278

7,376

7,391

4,323

4,035

4,190

4,213

4,259

4,653

5,405

6,098

5,689

5,667

5,889

Operating Profit

746

1,217

1,199

1,537

1,966

1,935

1,831

1,893

1,589

1,708

1,502

OPM %

14.71%

23.18%

22.24%

26.73%

31.59%

29.37%

25.31%

23.69%

21.84%

23.16%

20.32%

1,255

142

-548

-131

343

590

236

240

832

687

647

Interest

107

156

236

337

363

Depreciation

765

830

891

977

973

916

996

1,038

984

1,044

1,067

Profit before Tax

1,205

489

-276

374

1,229

1,520

981

940

1,202

1,014

985

Tax %

42.75%

45.48%

-60.39%

44.11%

21.69%

23.22%

32.10%

32.05%

12.58%

21.72%

22.63%

Net Profit

690

267

-442

209

963

1,167

666

639

1,051

794

762

EPS

24.20

9.36

-15.52

7.33

33.78

40.96

23.37

22.41

36.87

27.86

—

Dividend Payout %

24.79%

48.10%

-28.99%

54.60%

41.45%

50.54%

89.84%

74.53%

67.80%

62.83%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

285

8,970

8,518

7,914

7,936

8,782

9,518

9,576

9,601

10,133

10,216

1,220

1,013

786

1,424

1,423

1,330

1,393

3,640

4,206

6,279

Trade Payables

1,174

1,298

1,802

1,591

1,532

1,315

1,399

1,282

1,442

1,358

1,404

1,609

1,591

1,936

1,840

1,954

2,283

2,495

2,245

2,530

Total Liabilities

13,053

12,724

12,378

13,172

13,861

14,401

14,936

17,303

18,312

20,668

3,754

3,865

4,288

4,856

4,656

4,654

4,599

4,943

5,028

5,546

Capital Work in Progress

431

330

191

117

155

417

609

664

598

414

5,366

4,211

3,873

4,038

4,736

4,277

4,417

6,083

7,095

7,774

115

1,228

1,188

1,367

Cash & Bank

102

615

150

164

249

101

305

321

247

250

3,385

3,680

3,813

3,928

4,047

4,935

4,892

4,030

4,108

5,309

Total Assets

13,053

12,724

12,378

13,172

13,861

14,401

14,936

17,303

18,312

20,668

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,621

1,199

1,673

1,287

2,001

2,102

2,210

2,106

1,597

1,504

Cash from Investing

-865

-61

-1,450

-1,093

-1,454

-1,708

-1,224

-3,500

-1,381

-1,935

Cash from Financing

-90

-442

-263

-159

-563

-710

1,410

-290

434

525

-466

-99

153

-74

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

58.86

18.09

18.06

17.80

16.99

17.17

13.61

14.46

14.44

13.75

13.15

13.45

13.66

14.51

14.83

19.03

18.49

19.14

19.85

Government

0.00

9.91

9.62

9.68

9.64

9.14

8.50

8.19

7.56

7.53

Tata Communications Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Tata Communications Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI