Tata Communications Limited
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.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Jun has averaged the highest return (+6.8%); Jan the lowest (-7.1%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -13.9%Negative MonthJan 2026: -13.91% | +1.6%Neutral MonthFeb 2026: +1.62% | -15.6%Negative MonthMar 2026: -15.56% | +17.2%Positive MonthApr 2026: +17.21% | +24.3%Positive MonthMay 2026: +24.27% | +0.5%Neutral MonthJun 2026: +0.52% | -10.7%*Negative MonthJul 2026: -10.68% | β | β | β | β | β |
| 2025 | -4.1%Negative MonthJan 2025: -4.12% | -17.1%Negative MonthFeb 2025: -17.10% | +16.6%Positive MonthMar 2025: +16.56% | +0.9%Neutral MonthApr 2025: +0.92% | +5.2%Positive MonthMay 2025: +5.20% | +0.9%Neutral MonthJun 2025: +0.95% | +2.0%Neutral MonthJul 2025: +1.96% | -10.2%Negative MonthAug 2025: -10.23% | +4.2%Positive MonthSep 2025: +4.16% | +16.3%Positive MonthOct 2025: +16.30% | -3.2%Negative MonthNov 2025: -3.21% | +0.5%Neutral MonthDec 2025: +0.50% |
| 2024 | -1.8%Neutral MonthJan 2024: -1.85% | +10.7%Positive MonthFeb 2024: +10.68% | +4.6%Positive MonthMar 2024: +4.61% | -14.0%Negative MonthApr 2024: -13.99% | +2.8%Positive MonthMay 2024: +2.75% | +4.3%Positive MonthJun 2024: +4.32% | +7.3%Positive MonthJul 2024: +7.34% | -1.4%Neutral MonthAug 2024: -1.43% | +8.8%Positive MonthSep 2024: +8.82% | -17.0%Negative MonthOct 2024: -17.02% | -0.9%Neutral MonthNov 2024: -0.91% | -3.0%Negative MonthDec 2024: -2.95% |
| 2023 | -3.3%Negative MonthJan 2023: -3.26% | -2.0%Neutral MonthFeb 2023: -1.99% | +3.0%Positive MonthMar 2023: +3.01% | +2.0%Neutral MonthApr 2023: +1.98% | +2.3%Positive MonthMay 2023: +2.28% | +22.8%Positive MonthJun 2023: +22.80% | +11.2%Positive MonthJul 2023: +11.25% | +0.9%Neutral MonthAug 2023: +0.94% | +7.8%Positive MonthSep 2023: +7.82% | -13.8%Negative MonthOct 2023: -13.83% | +2.6%Positive MonthNov 2023: +2.57% | +3.7%Positive MonthDec 2023: +3.72% |
| 2022 | -12.5%Negative MonthJan 2022: -12.52% | -7.7%Negative MonthFeb 2022: -7.71% | +3.8%Positive MonthMar 2022: +3.78% | -10.8%Negative MonthApr 2022: -10.81% | -10.0%Negative MonthMay 2022: -10.01% | -7.3%Negative MonthJun 2022: -7.32% | +14.5%Positive MonthJul 2022: +14.50% | +14.9%Positive MonthAug 2022: +14.85% | -4.3%Negative MonthSep 2022: -4.25% | +9.4%Positive MonthOct 2022: +9.45% | +3.4%Positive MonthNov 2022: +3.39% | -2.1%Negative MonthDec 2022: -2.09% |
| 2021 | β | β | β | β | β | +19.8%Positive MonthJun 2021: +19.78% | +12.5%Positive MonthJul 2021: +12.54% | -1.8%Neutral MonthAug 2021: -1.82% | -2.1%Negative MonthSep 2021: -2.07% | -6.2%Negative MonthOct 2021: -6.18% | -0.5%Neutral MonthNov 2021: -0.51% | +12.9%Positive MonthDec 2021: +12.91% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ7.28 K Cr | β | βΉ1.05 K Cr | β | β | 10.1% | -8.9% | 64.5% |
| Mar 2024 | βΉ7.99 K Cr | β | βΉ639.00 Cr | β | β | 6.5% | 10.4% | -4.1% |
| Mar 2023 | βΉ7.24 K Cr | β | βΉ666.00 Cr | β | β | 6.8% | 9.9% | -42.9% |
| Mar 2022 | βΉ6.59 K Cr | β | βΉ1.17 K Cr | β | β | 11.9% | 5.8% | 21.2% |
| Mar 2021 | βΉ6.22 K Cr | β | βΉ963.00 Cr | β | β | 10.6% | 8.3% | 360.8% |
| Mar 2020 | βΉ5.75 K Cr | β | βΉ209.00 Cr | β | β | 2.5% | 6.7% | -147.3% |
| Mar 2019 | βΉ5.39 K Cr | β | βΉ-442.00 | β | β | -5.4% | 2.6% | -265.5% |
| Mar 2018 | βΉ5.25 K Cr | β | βΉ267.00 Cr | β | β | 3.0% | 3.6% | -61.3% |
| Mar 2017 | βΉ5.07 K Cr | β | βΉ690.00 Cr | β | β | 7.5% | 5.8% | 75.6% |
| Mar 2016 | βΉ4.79 K Cr | β | βΉ393.00 Cr | β | β | 4.4% | 10.9% | -41.8% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 4,376 | 4,319 | 4,790 | 5,068 | 5,252 | 5,389 | 5,750 | 6,225 | 6,587 | 7,236 | 7,992 | 7,278 | 7,301 |
| Total Expenses | 3,378 | 3,291 | 3,598 | 3,875 | 3,982 | 4,163 | 4,178 | 4,242 | 4,632 | 5,390 | 6,088 | 5,682 | 5,710 |
| EBIT / Operating Profit | 998 | 1,028 | 1,192 | 1,193 | 1,270 | 1,226 | 1,572 | 1,984 | 1,956 | 1,846 | 1,904 | 1,596 | 1,591 |
| OPM % | 23% | 24% | 25% | 24% | 24% | 23% | 27% | 32% | 30% | 26% | 24% | 22% | 22% |
| Other Income | 545 | 719 | 187 | 807 | 89 | -575 | -166 | 325 | 569 | 221 | 230 | 825 | 1,091 |
| Finance Costs | 60 | 25 | 31 | 31 | 40 | 36 | 55 | 107 | 89 | 90 | 156 | 236 | 289 |
| Depreciation & Amortisation | 680 | 719 | 743 | 765 | 830 | 891 | 977 | 973 | 916 | 996 | 1,038 | 984 | 1,001 |
| Profit Before Tax | 803 | 1,003 | 605 | 1,205 | 489 | -276 | 374 | 1,229 | 1,520 | 981 | 940 | 1,202 | 1,392 |
| Tax % | 32% | 33% | 35% | 43% | 45% | 60% | 44% | 22% | 23% | 32% | 32% | 13% | - |
| Net Profit / PAT | 542 | 675 | 393 | 690 | 267 | -442 | 209 | 963 | 1,167 | 666 | 639 | 1,051 | 1,176 |
| EPS (βΉ) | 19.03 | 23.67 | 13.78 | 24.20 | 9.36 | -15.52 | 7.33 | 33.78 | 40.96 | 23.37 | 22.41 | 36.87 | 41.26 |
| Dividend Payout % | 24% | 23% | 31% | 25% | 48% | -29% | 55% | 41% | 51% | 90% | 75% | 68% | - |
Peer Comparison
Technology sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Tata Communications Limitedthis co. | βΉ49.59 K Cr | βΉ7.28 K Cr | 92.70 | 4.90 | 24.20 | -8.9% |
| Bharti Airtel Ltd. | βΉ12.19 L Cr | βΉ1.09 L Cr | 50.40 | 8.31 | 27.19 | 15.8% |
| Tata Consultancy Services Ltd. | βΉ11.84 L Cr | βΉ2.15 L Cr | 24.20 | 13.91 | 18.91 | 6.2% |
| Infosys Ltd | βΉ6.48 L Cr | βΉ1.37 L Cr | 24.20 | 7.17 | 16.31 | 5.9% |
| HCL Technologies Ltd | βΉ4.52 L Cr | βΉ51.10 K Cr | 36.80 | 14.48 | β | 6.2% |
| Bharat Electronics Ltd. | βΉ3.02 L Cr | βΉ23.66 K Cr | 53.30 | 14.23 | 51.32 | 17.3% |
| Wipro Ltd. | βΉ2.77 L Cr | βΉ67.29 K Cr | 23.00 | 4.29 | 18.85 | 0.8% |
| Industry Average | β | βΉ10.05 K Cr | 69.99 | 8.58 | 66.75 | 22.0% |
