Tata Communications
Market cap ₹47,929 Cr
- P/E
- 43.49
- Day range
- ₹1,631.80 – ₹1,689.00
- 52-week range
- ₹1,322.50 – ₹2,110.00
- Volume
- 2.25 L
- Open
- ₹1,658.70
- Prev close
- ₹1,654.40
Latest results · Q2 FY27(consolidated)Revenue ₹6,688 Cr+9.6%Profit ₹336 Cr+83.2%Margin 5.0%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
TATACOMM in NSE indices and F&O
Research profile
Composite 53 / 100Factor percentiles
Derived metrics
- Earn. yield
- 2.3%
- Graham no.
- ₹339.74
- vs Graham
- -79.8%
- ROE ÷ P/B
- 2.2%
- 12-1 mom.
- -9.6%
- Return / vol
- -0.35
- Magic Formula
- #455
- Piotroski
- 4/6
- FCF yield
- 4.3%
Appears in 8 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 21 in Telecom| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Bharti AirtelBHARTIARTL | ₹11.96 L Cr | 40.01 | 7.72 | 25.7% | 18.0% | 57.0% | 1.31 | +18.3% |
| Vodafone IdeaIDEA | ₹1.29 L Cr | 3.46 | — | -225.2% | -2.0% | 43.0% | — | +6.1% |
| Indus TowersINDUSTOWER | ₹1.03 L Cr | 14.34 | 2.53 | 19.8% | 19.0% | 53.0% | 0.53 | +4.6% |
| Bharti HexacomBHARTIHEXA | ₹81,475 Cr | 44.68 | 11.45 | 26.5% | 21.0% | 53.0% | 0.86 | +10.9% |
| Tata CommunicationsTATACOMM | ₹47,929 Cr | 43.49 | 13.90 | 30.8% | 15.0% | 21.0% | 3.93 | +9.6% |
| Sterlite TechnologiesSTLTECH | ₹44,597 Cr | 63.09 | 9.36 | 2.6% | 8.0% | 32.0% | 0.22 | +144.6% |
| HFCLHFCL | ₹37,435 Cr | 42.69 | 6.50 | 7.3% | 11.0% | 25.0% | 0.33 | +143.7% |
| DelhiveryDELHIVERY | ₹28,107 Cr | 309.92 | 2.87 | 1.6% | 1.0% | 4.8% | 0.15 | +27.8% |
| Sector median | ₹20,935 Cr | 42.53 | 4.29 | 10.9% | 11.0% | 25.0% | 0.33 | +13.0% |
Sector as classified in the tracked universe; medians use every tracked Telecom company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 9d agoHeadlines about Tata Communications from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 39.0
- EPS (TTM)
- ₹33.14
- Price / Book
- 14.13
- ROE (FY26)
- 30.8%
- ROCE (latest year)
- 15%
- Dividend yield
- 1.06%
Moving averages (NSE)
- 20-day
- ₹1,679.3
- Price above
- 50-day
- ₹1,705.39
- Price below
- 200-day
- ₹1,698.33
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- DII
- FII
- Public
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date.
Financial statements
| Line item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,588 | 5,645 | 5,592 | 5,728 | 5,798 | 5,990 | 5,960 | 6,100 | 6,189 | 6,554 | 6,583 | 6,688 |
| Expenses | 4,435 | 4,569 | 4,456 | 4,598 | 4,617 | 4,868 | 4,823 | 4,926 | 4,961 | 5,270 | 5,353 | 5,266 |
| Operating Profit | 1,153 | 1,076 | 1,137 | 1,129 | 1,181 | 1,122 | 1,137 | 1,174 | 1,228 | 1,284 | 1,230 | 1,422 |
| OPM % | 21% | 19% | 20% | 20% | 20% | 19% | 19% | 19% | 20% | 20% | 19% | 21% |
| Other Income | -212 | -32 | 85 | 29 | -7 | 926 | -46 | -38 | 183 | 63 | -93 | -20 |
| Interest | 184 | 186 | 170 | 189 | 187 | 182 | 177 | 202 | 201 | 182 | 186 | 198 |
| Depreciation | 603 | 651 | 634 | 648 | 637 | 672 | 666 | 679 | 751 | 731 | 739 | 741 |
| Profit before tax | 154 | 207 | 417 | 321 | 350 | 1,193 | 249 | 255 | 458 | 434 | 211 | 463 |
| Tax % | 74% | -52% | 21% | 30% | 36% | 15% | 26% | 32% | 22% | 42% | 41% | 27% |
| Net Profit | 45 | 322 | 333 | 227 | 236 | 1,041 | 190 | 183 | 364 | 259 | 130 | 336 |
| EPS in Rs | ₹1.57 | ₹11.27 | ₹11.68 | ₹7.97 | ₹8.28 | ₹36.50 | ₹6.67 | ₹6.42 | ₹12.82 | ₹9.24 | ₹4.71 | ₹11.96 |
From company filings, updated 25 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
+5 days since Mar 2021
+5 days since Mar 2021
-32 days since Mar 2021
Strengths, risks & growth
Tata Communications was incorporated on March 19, 1986 as VSNL. In February 2002, the Government of India, as per their disinvestments plan, sold 25% of their holding in the company to the strategic partner. Consequently, the company was taken over under the administrative control of TATA. [1] It is the leading global digital ecosystem enabler. It has a leadership position in emerging markets, and an infrastructure that spans the globe. It delivers managed solutions to multinational companies and service providers. It partners with 300 of the Fortune 500 companies with their state-of the-art solutions, including a wide range of communication, collaboration, cloud, mobility, connected solutions, network and data center services. [2]
Strengths
- Company has a good return on equity (ROE) track record: 3 Years ROE 47.5%
- Company has been maintaining a healthy dividend payout of 45.9%
Risks
- Stock is trading at 13.9 times its book value
- The company has delivered a poor sales growth of 7.72% over past five years.
- Contingent liabilities of Rs.18,056 Cr.
- Company might be capitalizing the interest cost
Compounded Sales Growth
- 10 Years
- +3%
- 5 Years
- +8%
- 3 Years
- +12%
- TTM
- +9%
Compounded Profit Growth
- 10 Years
- +49%
- 5 Years
- -4%
- 3 Years
- -15%
- TTM
- +21%
Stock Price CAGR
- 10 Years
- +15%
- 5 Years
- +4%
- 3 Years
- +1%
- 1 Year
- -13%
Return on Equity
- 10 Years
- —
- 5 Years
- +74%
- 3 Years
- +48%
- Last Year
- +33%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 58.86% | 58.86% | 58.86% | 58.85% | -0.01 pp |
| FII | 14.46% | 14.44% | 13.75% | 13.55% | -0.20 pp |
| DII | 18.49% | 19.14% | 19.85% | 20.21% | +0.36 pp |
| Public | 8.19% | 7.56% | 7.53% | 7.40% | -0.13 pp |
Filed with NSE for Sept 2026: promoters 58.85%, public 41.15% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 16.25% (-0.05 pp)- Promoters58.9%
- Foreign institutions13.5%
- Mutual funds16.3%
- Insurance2.9%
- Other domestic institutions1.1%
- Retail3.4%
- Others4.0%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| HDFC Mid Cap Fund | 3.72% | 1.81% | -0.36 pp |
| Mirae Asset Large & Midcap Fund | 1.45% | 1.68% | -0.61 pp |
| Quant Mid Cap Fund | 1.31% | 8.49% | -1.01 pp |
| Mirae Asset Midcap Fund | 0.99% | 2.52% | -0.56 pp |
| ICICI Pru India Opp Fund | 0.79% | 1.03% | -0.01 pp |
Scorecard
- Performance
- Low
- Valuation
- High
- Growth
- Low
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 32.9%
- Downside volatility
- 28.9%
- Worst 5% of days
- 3.4%
- Average of that tail
- 3.9%
- Max drawdown (1Y)
- 31.6%
- Below its peak
- 19.8%
Against the market
- Beta vs Nifty 50
- 0.90
- Correlation
- 0.36
- Relative strength (3M)
- -2.8%
- ATR (14)
- 3.8%
Return
- Return 1M
- -2.2%
- Return 3M
- -8.1%
- Return 6M
- +8.5%
- Return 1Y
- -11.7%
- vs 200-day average
- -2.6%
Momentum
- RSI (14)
- 42.6
- MACD histogram
- 1.43
- Stochastic %K
- 18.9
- ADX (14)
- 21.8
- +DI / −DI
- 19.3 / 19.3
- Money flow index
- 63.2
Participation
- Delivery (20d avg)
- 51.6%
- vs its 60-day baseline
- -2.1 pts
- Volume vs 20-day
- -0.2σ
- Close vs day's VWAP
- +1.1%
- 52-week position
- 43 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
4 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — failed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — passed
- Current ratio improving — failed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — passed
- Asset turnover improving — passed
- Free cash flow
- ₹2,046 Cr
- FCF yield
- 4.3%
- Cash conversion
- 4.49
- Accruals ratio
- -0.123
- Net debt
- ₹11,607 Cr
- Net debt / equity
- 3.37
- EV / sales
- 2.29
- Capex intensity
- 9.8%
- Revenue CAGR
- 9.4%
- Profit CAGR
- -75.1%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividend₹17.50
Dividend - Rs 17.50 Per Share
19 Jun 2026ex-date - dividend₹25.00
Dividend - Rs 25 Per Share
19 Jun 2025ex-date - dividend₹16.70
Dividend - Rs 16.70 Per Share
1 Jul 2024ex-date - otherNot available — not reported in this filing
Annual General Meeting
1 Jul 2024ex-date - dividend₹21.00
Annual General Meeting/Dividend - Rs 21 Per Share
26 Jun 2023ex-date - dividend₹20.70
Annual General Meeting/Dividend - Rs 20.70 Per Share
10 Jun 2022ex-date - dividend₹14.00
Annual General Meeting/Dividend - Rs 14 Per Share
17 Jun 2021ex-date - dividend₹4.00
Annual General Meeting/Dividend - Rs 4 Per Share
20 Aug 2020ex-date - otherNot available — not reported in this filing
Demerger
17 Sept 2019ex-date - dividend₹4.50
Annual General Meeting/Dividend - Rs 4.50 Per Share
25 Jul 2019ex-date - dividend₹4.50
Dividend- Rs 4.50 Per Share
1 Aug 2018ex-date - dividend₹4.50
Annual General Meeting / Dividend - Rs 4.50 Per Share / Special Dividend Rs 1.50 Per Share
16 Jun 2017ex-date - dividend₹4.30
Dividend - Rs 4.30/- Per Share
21 Jul 2016ex-date - dividend₹5.50
Annual General Meeting/ Dividend - Rs 5.50/- Per Share
23 Sept 2015ex-date - dividend₹4.50
Annual General Meeting / Dividend - Rs 4.50/- Per Share
30 Jul 2014ex-date - dividend₹3.00
Annual General Meeting/Dividend Rs 3/- Per Share
17 Jul 2013ex-date - dividend₹2.00
Annual General Meeting/Dividend Rs.2 Per Share
16 Jul 2012ex-date - dividend₹2.00
Dividend-Rs.2/- Per Share
28 Sept 2011ex-date - otherNot available — not reported in this filing
Annual General Meeting
29 Jul 2010ex-date - dividend₹4.50
Dividend-Rs.4.50 Pr Share
22 Jul 2009ex-date
Company announcements
Press Release - Tata Communications to Build India's AI Super Highway
Grant of stock options under 'Tata Communications Limited - Stock Unit Plan 2023'
Intimation regarding issuance, allotment and listing of Commercial Paper amounting to Rs.300 crore
Allotment of 55,959 Equity Shares under Tata Communications Limited - Employee Stock Unit Plan 2023
Earnings Call Transcript pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Update on material litigation
Earnings Call recording pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Investor Presentation
Other internal restructuring
Change in Key Managerial Personnel - Appointment of Company Secretary and Compliance Officer
Approval of Unaudited Financial Results for the quarter and half year ended September 30, 2026
Outcome of Meeting held on October 15, 2026
Certificate of compliance in respect of Commercial Papers issued by the Company
Update on intimation of Earnings Call for the quarterly results pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Certificate under Regulation 74(5) of SEBI Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026
Filed with BSE (scrip 500483); the last 45 days. Documents open at bseindia.com.
SEBI filings & orders
From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.
Regulatory orders
- Order
Order in the matter of Tata Communications Limited
23 Feb 2021Read on SEBI
Documents
Annual reports
Earnings calls
- Oct 2026SlidesRecording
- Jul 2026TranscriptSlides
- Apr 2026TranscriptRecording
- Jan 2026TranscriptRecording
- Oct 2025Recording
- Aug 2025TranscriptRecording
Credit ratings
- Rating update · 7 Sep from care
- Rating update · 23 Jun from crisil
- Rating update · 8 Sep 2025 from care
- Rating update · 30 Jul 2025 from crisil
- Rating update · 23 Jun 2025 from crisil
- Rating update · 1 Oct 2024 from crisil
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 15 Oct 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Tata Communications: common questions
Answered from the figures on this page.
