Tata Communications Limited
₹1,676.00-₹37.15 (-2.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹49,590 Cr
- P/E
- 92.7x
- EV / EBITDA
- 24.2x
- Revenue
- ₹7,278 Cr
- Net margin
- 8.0%
- ROCE
- 14.6%
Price chart
Technical chartScreen technicals →-12.5% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +1.2%
- 3M
- -5.5%
- 6M
- +6.1%
- 1Y
- -12.5%
- 5Y
- +27.7%
52-week range
Day change -₹37.15 (-2.2%) from ₹1,713 to ₹1,676 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in TATACOMM, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 25.0%
Concerns1
- Low return on equity of 6.5%
Rule-based from financial data. Not advice.
About the company
Tata Communications Limited provides telecom services worldwide. The company operates through Data Services, Voice Solutions, Payment Solutions, Transformation Services, Campaign Registry, and Real Estate segments.
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Tata Communications Limited provides telecom services worldwide. The company operates through Data Services, Voice Solutions, Payment Solutions, Transformation Services, Campaign Registry, and Real Estate segments. It provides voice and data transmission services; internet connectivity services; and other value-added services, such as unified conferencing and collaboration, managed hosting, mobile global roaming and signaling, transponder lease, and television up-linking, and other managed services, as well as sells and leases bandwidth on undersea cable systems. The company also offers end-to-end automated teller machines deployment, POS enablement, financial inclusion, card issuance and related managed services, and switching services to banking sector; cyber security; data center colocation services; and network management and support services. In addition, it provides networking services, including managed LAN/WAN, private lines, business internet, hybrid WAN, and cloud connectivity; unified communications as a service; cloud solutions; Edge platform; cyber security services, such as cloud security, security assessment, consulting services, cyber threat detection and response, and networking security; managed SASE; IoT fabric solutions comprising connectivity, management, orchestration, and data analytics; carrier services, such as wholesale voice transport and termination, mobile messaging exchange, voice access services, strategic sourcing, and fraud prevention as a service; and content delivery network solutions, which include video and secure content delivery, acceleration services, and programmable edge compute. Further, the company engages in letting, leasing, licensing, or development of immovable properties. The company was formerly known as Videsh Sanchar Nigam Limited and changed its name to Tata Communications Limited in 2008. Tata Communications Limited was incorporated in 1986 and is based in Mumbai, India.
- Sector
- Technology
- Shares outstanding
- 28.5 Cr shares
- ISIN
- INE151A01013
- BSE code
- 500483
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹49,590 Cr
- P/E
- 92.7x
- P/B
- 4.9x
- EV / EBITDA
- 24.2x
- EV / Sales
- 6.5x
- P/S
- 6.2x
- Earnings yield
- 1.1%
- 52-week high
- ₹2,025.85
- 52-week low
- ₹1,347.85
Profitability
- Operating margin
- 23.8%
- Net margin
- 8.0%
- EBITDA margin
- 26.7%
- ROE
- 6.5%
- ROCE
- 14.6%
- ROA
- 3.6%
- Dividend payout
- 75.0%
- Tax rate
- 32.0%
- Other income, % of PBT
- 24.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹7,278 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -8.9%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,134 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.2%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 64.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 25.0%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,106 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.9%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹74.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.5%
Solvency and efficiency
- Current ratio
- 2.48
- Debt / Equity
- 0.32
- Debt / Assets
- 0.18
- Debt / EBITDA
- 1.49
- Interest coverage
- 12.21
- Financial leverage
- 1.80
- CFO / Net profit
- 3.30
- Cash / Market cap
- 11.4%
- Cash per share
- ₹197.64
- Asset turnover
- 0.45
- Fixed asset turnover
- 1.50
- Capital intensity
- 0.67
- Debtor days
- 56 days
- Cash conversion cycle
- 56 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹14 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹5,682 Cr |
| Sales | Operating profit | ₹1,596 Cr |
| Operating profit | Interest | ₹236 Cr |
| Operating profit | Depreciation | ₹984 Cr |
| Operating profit | Profit before tax | ₹376 Cr |
| Other income | Profit before tax | ₹825 Cr |
| Profit before tax | Tax and other | ₹151 Cr |
| Profit before tax | Net profit | ₹1,051 Cr |
Revenue and net profit
Revenue fell 8.9% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹6,225 Cr | ₹963 Cr |
| FY2022 | ₹6,587 Cr | ₹1,167 Cr |
| FY2023 | ₹7,236 Cr | ₹666 Cr |
| FY2024 | ₹7,992 Cr | ₹639 Cr |
| FY2025 | ₹7,278 Cr | ₹1,051 Cr |
Cash flows
FY2025: ₹1,597 Cr from operations, ₹216 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹1,647 Cr | ₹193 Cr |
| FY2022 | ₹2,173 Cr | ₹465 Cr |
| FY2023 | ₹2,087 Cr | ₹863 Cr |
| FY2024 | ₹2,106 Cr | -₹1,394 Cr |
| FY2025 | ₹1,597 Cr | ₹216 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹7,278 Cr-8.9%1Y
- Net profit
- ₹1,051 Cr+64.5%1Y
- Cash from operations
- ₹1,597 Cr
- Free cash flow
- ₹216 Cr
- Revenue CAGR, 5Y
- 6.8%
- EBITDA CAGR, 5Y
- 8.7%
- Net profit CAGR, 5Y
- 25.0%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹7,278 Cr | ₹1,596 Cr | — | ₹1,051 Cr | ₹1,597 Cr | ₹216 Cr | 10.1% | -8.9% | +64.5% |
Monthly returns
Month-by-month returns of TATACOMM across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹18,882 Cr |
| Equity capital | ₹285 Cr |
| Reserves | ₹10,166 Cr |
| Borrowings | ₹3,902 Cr |
| Other liabilities | ₹4,529 Cr |
| Assets | ₹18,882 Cr |
| Fixed assets | ₹5,229 Cr |
| Capital work in progress | ₹648 Cr |
| Investments | ₹7,095 Cr |
| Other assets | ₹5,910 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
TATACOMM trades at 92.7x earnings against a peer median of 52.1x (a 78% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Tata Communications LimitedTATACOMMthis companyP/E ↑ premium | ₹49,590 Cr | 92.7x | 4.9x | 6.5% | 24.2x |
| Dixon Technologies (India) LimitedDIXON | ₹68,191 Cr | 121.0x | 23.9x | 13.3% | 191.7x |
| Oracle Financial Services Software LimitedOFSS | ₹66,928 Cr | 19.9x | 10.5x | 32.8% | 24.4x |
| COFORGE LIMITEDCOFORGE | ₹57,232 Cr | 81.8x | 9.5x | 30.0% | 45.1x |
| Mphasis LimitedMPHASIS | ₹54,771 Cr | 38.1x | 9.4x | 25.3% | 23.6x |
| L&T Technology Services LimitedLTTS | ₹45,766 Cr | 37.2x | 7.9x | 24.9% | 22.3x |
| Hexaware Technologies LimitedHEXT | ₹44,916 Cr | 43.4x | 13.2x | — | — |
| Endurance Technologies LimitedENDURANCE | ₹36,420 Cr | 52.2x | 8.0x | 15.4% | 34.2x |
| Tata Elxsi LtdTATAELXSI | ₹36,075 Cr | 53.8x | 13.3x | 31.6% | 30.6x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
TATACOMM since 1 January, against earlier years.
Historical volatility
TATACOMM's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 32.0% |
| FY2022 | 30.0% |
| FY2023 | 26.0% |
| FY2024 | 24.0% |
| FY2025 | 22.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹7,278 Cr |
| Costs | |
| Interest | ₹236 Cr |
| Expenses | ₹5,682 Cr |
| Operating profitOperating Profit | ₹1,596 Cr |
| Other income and charges | |
| Profit before tax | ₹1,202 Cr |
| Tax | |
| Net profitNet Profit | ₹1,051 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹18,882 Cr |
| Equity capitalEquity Capital | ₹285 Cr |
| Reserves | ₹10,166 Cr |
| Borrowings | ₹3,902 Cr |
| Other liabilitiesOther Liabilities | ₹4,529 Cr |
| AssetsTotal Assets | ₹18,882 Cr |
| Fixed assetsFixed Assets | ₹5,229 Cr |
| Capital work in progressCWIP | ₹648 Cr |
| Investments | ₹7,095 Cr |
| Other assetsOther Assets | ₹5,910 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹1,597 Cr |
| Investing cash flowCash from Investing Activity | -₹1,381 Cr |
| Financing cash flowCash from Financing Activity | -₹290 Cr |
| Change in cashNet Cash Flow | -₹74 Cr |
Learn while you research
Academy chapters picked for Tata Communications Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 92.7, learn when high multiples are justified.6 min read
- 04 Growth InvestingTech & communications often trade on growth, learn the framework.7 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read