MarketFriction

Tata Communications Ltd

NSE TATACOMM · BSE 500483 · Telecom - Cellular & Fixed line services
₹1,683.00 +1.62%
NSE close2026-10-01
52 week range1,322.50 - 2,110.00
Market cap₹47,173 Cr.
P/E45.3
Nifty 200Nifty 500Nifty Midcap 100Midcap 150 Price band 20% Delivery 42.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,8725,5885,6455,5925,7285,7985,9905,9606,1006,1896,5546,583
Expenses3,8574,4354,5694,4564,5984,6174,8684,8234,9264,9615,2705,353
Operating Profit1,0151,1531,0761,1371,1291,1811,1221,1371,1741,2281,2841,230
OPM %21%21%19%20%20%20%19%19%19%20%20%19%
Other Income25-212-328529-7926-46-3818363-93
Interest137184186170189187182177202201182186
Depreciation605603651634648637672666679751731739
Profit before tax2981542074173213501,193249255458434211
Tax %26%74%-52%21%30%36%15%26%32%22%42%41%
Net Profit221453223332272361,041190183364259130
EPS in Rs7.741.5711.2711.687.978.2836.506.676.4212.829.244.71
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales18,14917,62016,77216,52517,06817,10016,72517,83820,96923,10924,80325,426
Expenses15,71415,21414,35913,78013,77912,84012,49813,52016,73918,54019,98020,510
Operating Profit2,4342,4062,4122,7453,2894,2614,2274,3184,2304,5694,8224,916
OPM %13%14%14%17%19%25%25%24%20%20%19%19%
Other Income821,294-11662-32182338440471,033162114
Interest409367344397471420360432644729762771
Depreciation1,8641,8661,9062,0682,3582,3142,2052,2622,4702,5922,8272,900
Profit before tax2431,467463431401,6092,0002,0631,1632,2811,3961,358
Tax %96%16%778%80%162%22%26%14%18%21%31%
Net Profit101,235-326-80-851,2521,4851,8019701,837997936
EPS in Rs0.3043.26-11.53-2.89-3.0243.8851.9963.0233.9864.4335.1433.19
Dividend Payout %1,412%14%-39%-156%-133%32%40%33%49%39%50%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth3%8%12%8%
Compounded Profit Growth49%-4%-15%0%
Stock Price CAGR17%3%-5%3%
Return on Equity%74%48%33%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital285285285285285285285285285285285285
Reserves36-6481,307214-467-1,563-1706431,2331,5012,7363,162
Borrowings13,07614,2319,2148,9279,93512,41311,3949,1228,57711,26312,35712,249
Other Liabilities10,79811,23010,22810,13110,19810,9969,7979,58810,42411,31611,06512,591
Total Liabilities24,19525,09821,03319,55719,95122,13121,30619,63820,51924,36526,44428,287
Fixed Assets14,70414,44410,92910,79711,28912,76811,52010,93610,50013,46713,91915,481
CWIP6388007515203613494938521,1481,3271,100850
Investments1,7681,8372,4341,2501,4911,5632,2331,5651,9511,6082,7142,297
Other Assets7,0868,0176,9206,9906,8097,4517,0606,2846,9217,9638,7119,659
Total Assets24,19525,09821,03319,55719,95122,13121,30619,63820,51924,36526,44428,287
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3,0282,3632,3941,7131,8442,5253,1804,2044,3843,1822,9114,479
Cash from Investing Activity-1,908-2,313940-500-2,284-1,521-2,007-894-1,836-2,641-2,173-1,434
Cash from Financing Activity-1,388-9-3,276-959-28-942-1,205-3,431-2,241-813-936-2,937
Net Cash Flow-2684158254-46761-32-121308-272-198108
Free Cash Flow1,2573345981021068441,8282,5542,8991,1107112,060
CFO/OP105%114%130%82%88%85%86%97%106%80%82%108%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days466154646669565656656361
Inventory Days
Days Payable
Cash Conversion Cycle466154646669565656656361
Working Capital Days-155-139-105-125-124-150-88-103-119-151-107-120
ROCE %8%7%23%8%8%9%18%22%24%18%15%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters58.86%58.86%58.86%58.86%58.86%58.86%58.86%58.86%58.86%58.86%58.86%58.86%
FIIs17.53%19.20%18.24%18.09%18.06%17.80%16.99%17.17%13.61%14.46%14.44%13.75%
DIIs13.55%12.12%13.14%13.15%13.45%13.66%14.51%14.83%19.03%18.49%19.14%19.85%
Public10.06%9.81%9.77%9.91%9.62%9.68%9.63%9.14%8.50%8.19%7.56%7.53%
No. of Shareholders1,85,9761,95,6981,93,1572,03,4171,85,0241,90,3451,91,7411,91,4991,86,9481,82,1231,75,9461,72,357

Fundamentals

Market Cap₹ 47,173 Cr.
Current Price₹ 1,655
Stock P/E45.3
Book Value₹ 121
ROCE14.6 %
ROE32.6 %
Dividend Yield1.06 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)0%
Consolidated figures.
Valuation
Market capRs 47,966 Cr
Enterprise valueRs 59,519 Cr
P/E (TTM)50.71x
Price to book13.91x
Price to sales1.89x
EV / EBITDA11.83x
EV / EBIT27.96x
EV / sales2.34x
Price to cash flow10.71x
Earnings yield1.97%
Dividend yield1.04%
P/E, 3-year average40.67x
P/B, 3-year average19.37x
P/E, 5-year average33.08x
P/B, 5-year average23.85x
Profitability
Operating margin (excl. other income)19.44%
Operating margin (incl. other income)20.09%
EBITDA margin19.78%
Pre-tax margin5.34%
Net profit margin3.72%
Net margin, latest quarter2.04%
ROE30.97%
ROCE13.88%
ROA3.66%
ROE, 3-year average55.32%
ROCE, 3-year average16.89%
ROA, 3-year average5.07%
ROE, 5-year average119.39%
ROCE, 5-year average19.47%
ROA, 5-year average6.28%
ROIC (approx.)9.80%
Tax rate30.93%
Other income / net worth4.69%
Growth
Sales growth (latest year)7.33%
Profit growth (latest year)-45.46%
Sales CAGR, 3 years11.61%
Sales CAGR, 5 years7.72%
Profit CAGR, 3 years-17.69%
Profit CAGR, 5 years-4.34%
Sales growth QoQ0.44%
Profit growth QoQ-49.01%
Sales growth YoY (latest quarter)10.45%
Profit growth YoY (latest quarter)-29.35%
Per share
EPS (TTM)Rs 33.19
EPS (latest year)Rs 35.14
EPS (latest quarter)Rs 4.71
EPS, 3-year averageRs 44.52
EPS, 5-year averageRs 49.71
Book value per shareRs 120.95
Sales per shareRs 892.13
Cash flow per shareRs 157.16
Free cash flow per shareRs 72.28
Dividend per share (latest year)Rs 17.50
Dividend per share, 3-year averageRs 19.73
Dividend per share, 5-year averageRs 20.18
Dividends
Dividend payout49.80%
Dividend payout, 3-year average45.92%
Dividend payout, 5-year average42.18%
Efficiency
Asset turnover0.88x
Fixed asset turnover1.60x
Inventory turnover134.78x
Inventory days3 days
Debtor days61 days
Debtors turnover5.95x
Cash conversion cycle61 days
Working capital days-120 days
Leverage
Total debtRs 12,249 Cr
Cash and bankRs 695 Cr
Net debtRs 11,554 Cr
Debt to equity3.55x
Net debt / EBITDA2.30x
Interest coverage2.76x
Current ratio (filing 2026-03-31)0.49x
Quick ratio (filing 2026-03-31)0.48x
Trade payables (filing 2026-03-31)Rs 4,317 Cr
Owners' fund to total sources12.19%
Debt to assets43.30%
Cash flow
Cash from Operating Activity (latest year)Rs 4,479 Cr
Cash from Investing Activity (latest year)Rs -1,434 Cr
Cash from Financing Activity (latest year)Rs -2,937 Cr
Net Cash Flow (latest year)Rs 108 Cr
Free cash flow (latest year)Rs 2,060 Cr
FCFE (approx.: FCF + change in debt)Rs 1,952 Cr
Cash from ops / profit, 5 years2.70x
Sales to cash flow5.54x
Statement figures
Net sales (TTM)Rs 25,426 Cr
Net sales (latest year)Rs 24,803 Cr
Sales (latest quarter)Rs 6,583 Cr
Operating profit excl. other income (latest year)Rs 4,822 Cr
Operating profit (latest quarter)Rs 1,230 Cr
Other income (TTM)Rs 114 Cr
EBITDA (TTM)Rs 5,029 Cr
PBDT (TTM)Rs 4,259 Cr
Profit before tax (TTM)Rs 1,358 Cr
Tax (latest year)Rs 432 Cr
Net profit (TTM)Rs 946 Cr
Net profit (latest year)Rs 1,002 Cr
Net profit (latest quarter)Rs 134 Cr
Depreciation (TTM)Rs 2,900 Cr
Depreciation (latest quarter)Rs 739 Cr
Interest (TTM)Rs 771 Cr
Cost of goods sold (latest year)Rs 13,527 Cr
Total expenditure (latest year)Rs 19,980 Cr
Total income (latest year)Rs 24,964 Cr
Share capitalRs 285 Cr
ReservesRs 3,162 Cr
Shareholders' fundsRs 3,447 Cr
Total assetsRs 28,287 Cr
Net blockRs 15,481 Cr
Capital work in progressRs 850 Cr
InvestmentsRs 2,297 Cr
ReceivablesRs 4,171 Cr
InventoryRs 100 Cr
Other liabilitiesRs 12,591 Cr
Shares outstanding (crore)28.50
Ownership
Promoter holding58.86% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 50.7 is at the 87th percentile of its own 6.4-year range (median 27.1, low 14.2, high 62.8).
P/B 13.91 is at the 18th percentile (median 28.31).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodTATACOMMNifty 50Difference
1 week+0.8%-2.8% +3.6 pts
1 month-2.9%-6.8% +3.9 pts
3 months-11.7%-7.6% -4.1 pts
6 months+24.9%+0.4% +24.5 pts
1 year+1.5%-9.9% +11.4 pts
2 years-16.2%-13.6% -2.6 pts
3 years-12.9%+14.2% -27.1 pts
5 years+19.3%+27.9% -8.6 pts
110 mutual fund schemes hold about ₹7,929 Cr. Over three months 19 bought more and 46 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Mid Cap Fund1.77%1,921 -8%
Mirae Asset Large & Midcap Fund1.79%818 -12%
Quant Mid Cap Fund8.39%676 +0%
Mirae Asset Midcap Fund2.45%512 -10%
Mirae Asset ELSS Tax Saver Fund1.65%435 -13%
ICICI Pru India Opp Fund1.02%390 +11%
Kotak Multi Cap Fund0.99%290 -9%
SBI ELSS Tax Saver Fund0.87%276 -1%
HDFC Multi Cap Fund1.13%233 -3%
Tata Large & Mid Cap Fund2.13%164 +2%
Franklin India Mid Cap Fund1.17%152 -5%
HDFC Large & Mid Cap Fund0.42%129 -4%
Franklin India Opportunities Fund1.30%126 -6%
Franklin India Multi Cap Fund1.98%104 -5%
Quant Large & Mid Cap Fund2.93%102 -2%
Nippon India Growth Mid Cap Fund0.20%102 -7%
Bandhan Small Cap Fund0.27%93 -18%
Tata Digital India Fund0.85%87 -15%
Mirae Asset Multicap Fund1.54%86 -23%
Quant Multi Cap Fund1.11%86 -0%
Axis Midcap Fund0.25%85 -28%
ICICI Pru Aggressive Hybrid Fund(A0.15%79 -3%
HDFC Value Fund0.95%79 -9%
Bandhan Large & Mid Cap Fund0.37%77 +166%
Nippon India Vision Large & Mid Cap Fund0.85%68 +199%

Red flags

F-score 6 of 8
lookAuditor change Auditor change 2026-04-22: Tata Communications Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-03-18THE PRESIDENT OF INDIAPromotersother28,500,000Rs 3389.21 CrInter-se-Transfer
2021-03-18Panatone Finvest LimitedPromoter Groupother28,500,000Rs 3389.21 CrInter-se-Transfer
2021-03-17THE PRESIDENT OF INDIAPromotersother4,594,689Rs 538.62 CrOthers
2021-03-16THE PRESIDENT OF INDIAPromotersother41,352,196Rs 4925.36 CrOthers
2019-11-30Tata Sons Private LimitedPromoter Groupother1,500,000Rs 66.31 CrPledge Creation
2018-05-28Panatone Finvest LimitedPromotersother13,396,200Rs 845.46 CrInter-se-Transfer
2015-12-21Panatone Finvest LimitedPromotersother2,850,000Rs 118.99 CrInter-se-Transfer
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹6,583 Cr +10.5% vs Jun 2025. Net profit ₹130 Cr -31.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-19Dividend - Rs 17.50 Per Share
2025-06-19Dividend - Rs 25 Per Share
2024-07-01Dividend - Rs 16.70 Per Share
2024-07-01Annual General Meeting
2023-06-26Annual General Meeting/Dividend - Rs 21 Per Share
2022-06-10Annual General Meeting/Dividend - Rs 20.70 Per Share
2021-06-17 Annual General Meeting/Dividend - Rs 14 Per Share
2020-08-20 Annual General Meeting/Dividend - Rs 4 Per Share
2019-09-17 Demerger
2019-07-25 Annual General Meeting/Dividend - Rs 4.50 Per Share
2018-08-01 Dividend- Rs 4.50 Per Share
2017-06-16 Annual General Meeting / Dividend - Rs 4.50 Per Share / Special Dividend Rs 1.50 Per Share
2016-07-21 Dividend - Rs 4.30/- Per Share
2015-09-23 Annual General Meeting/ Dividend - Rs 5.50/- Per Share
2014-07-30Annual General Meeting / Dividend - Rs 4.50/- Per Share
2013-07-17Annual General Meeting/Dividend Rs 3/- Per Share
2012-07-16Annual General Meeting/Dividend Rs.2 Per Share
2011-09-28Dividend-Rs.2/- Per Share
2010-07-29Annual General Meeting
2009-07-22Dividend-Rs.4.50 Pr Share
2008-07-24Agm/Div-Rs.4.50 Per Share
2007-07-13Dividend-Rs.4.50 Per Sh
2006-08-11Agm/Div-Rs.4.50 Per Sh
DateTypeWhat it says
2026-09-29General UpdatesIntimation regarding issuance, allotment and listing of Commercial Paper amounting to Rs. 550 crore
2026-09-26General UpdatesThe update on material litigation
2026-09-25ResignationResignation of Director/KMP/SMP
2026-09-25Change in Company Secretary/Change in Company Secretary and Compliance Officer
2026-09-25Change in Company Secretary/Change in Company Secretary and Compliance Officer
2026-09-23Concall / analyst meetSchedule of meet
2026-09-16Concall / analyst meetSchedule of meet
2026-09-15General UpdatesIntimation Under Regulation 30 Of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Update on Material Litigation
2026-09-15General UpdatesIntimation regarding issuance, allotment and listing of Commercial Paper amounting to Rs. 400 crore
2026-09-08General UpdatesDissolution of a wholly owned indirect subsidiary.
2026-08-27Concall / analyst meetSchedule of meet
2026-08-25Press ReleaseA press release dated August 25, 2026, titled "Tata Communications, Tata Motors Passenger Vehicles join forces to accelerate Software-Defined Vehicle ...
2026-08-24General UpdatesIntimation regarding issuance, allotment and listing of Commercial Paper amounting to Rs. 300 crore
2026-08-21ESOPAllotment of 68,894 Equity Shares under Employee Stock Unit Plan 2023
2026-08-19General UpdatesIntimation regarding issuance, allotment and listing of Commercial Paper amounting to Rs. 250 crore
2026-08-07Concall / analyst meetSchedule of meet
2026-07-28General UpdatesGrant of stock options under Tata Communications Limited - Stock Unit Plan 2023 .
2026-07-28Concall / analyst meetTranscript
2026-07-28Press ReleaseA press release dated July 28, 2026, titled "Tata Communications, Tata Tele Business Services Join Forces to Bring Unified AI Infrastructure to India ...
2026-07-24General UpdatesIntimation regarding issuance, allotment and listing of Commercial Paper amounting to Rs. 750 crore
2026-07-23Change in ManagementThe change in Senior Management Personnel
2026-07-22Concall / analyst meetLink of Recording
2026-07-22Investor PresentationInvestor Presentation
2026-07-22Board meeting outcomeTata Communications Limited has submitted to the Exchange, the unaudited standalone and consolidated financial results for the period ended June 30, 2...
2026-07-15Director changeChange in Director(s) of the company.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Tata Communications Ltd?

Tata Communications Ltd (TATACOMM) has a market capitalisation of Rs 47,173 Cr. at the 2026-10-01 close.

What is the P/E ratio of Tata Communications Ltd?

Tata Communications Ltd trades at a P/E of 45.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Tata Communications Ltd's latest quarterly results?

In the Jun 2026 quarter, Tata Communications Ltd sales was Rs 6,583 Cr (+10.5% vs Jun 2025) and net profit was Rs 130 Cr.

What is the 52-week high and low of Tata Communications Ltd?

The 52-week high is Rs 2,110.00 and the 52-week low is Rs 1,322.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03