Tata Communications Ltd.

NSE: TATACOMM · Telecommunication

₹1,704.80-0.52%06 Nov 2026

Ask the data

Instant answers about Tata Communications Ltd. — computed from its filings, no language model

Market cap₹48,602 cr

Current price₹1,704.80

High / Low₹2,062 / ₹1,348

P/E44.0

P/B14.29

Book value₹119.3

ROE32.5%

ROCE15.3%

Debt / equity3.49

Dividend yield1.47%

EPS (TTM)₹38.72

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	16,651	16,525	17,068	17,100	16,725	17,838	20,969	24,803
EBITDA	2,291	2,745	3,289	4,261	4,227	4,318	4,230	4,822
Operating margin	13.8%	16.6%	19.3%	24.9%	25.3%	24.2%	20.2%	19.4%
Interest	344	397	471	420	360	432	644	762
Depreciation	1,906	2,068	2,358	2,314	2,205	2,262	2,470	2,827
Profit before tax	46	343	140	1,609	2,000	2,063	1,163	1,438
Tax	355	273	227	355	522	297	214	432
Net profit	-329	-82	-86	1,251	1,482	1,796	968	1,002
EPS ₹	-11.53	-2.89	-3.02	43.88	51.99	63.02	33.98	35.14
Operating cash flow	—	—	—	—	4,204	4,384	3,182	4,479
Capex	—	—	—	—	1,656	1,493	2,082	2,433
Dividend paid	—	—	—	—	402	593	601	712
Total assets	19,603	20,013	22,161	21,333	19,668	20,553	24,561	28,404
Equity	499	-182	-1,278	115	928	1,518	1,786	3,447

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	4,009	3,912	4,068	4,269	4,244	4,169	4,273	4,229	4,398	4,403	4,401	4,223	4,073	4,103	4,174	4,185	4,263	4,431	4,528	4,569	4,771	4,872	5,633	5,692	5,633	5,767	5,798	5,960	6,100	6,189	6,554	6,583	6,688
Operating profit	555	555	630	843	685	826	834	761	869	1,042	1,158	1,046	1,015	986	1,113	1,082	1,045	1,130	1,077	1,034	1,024	1,015	1,134	1,056	1,124	1,117	1,181	1,137	1,174	1,228	1,284	1,230	1,422
Operating margin	13.9%	14.2%	15.5%	19.7%	16.1%	19.8%	19.5%	18.0%	19.8%	23.7%	26.3%	24.8%	24.9%	24.0%	26.7%	25.9%	24.5%	25.5%	23.8%	22.6%	21.5%	20.8%	20.1%	18.6%	20.0%	19.4%	20.4%	19.1%	19.2%	19.8%	19.6%	18.7%	21.3%
Other income	233	24	9	19	39	9	10	14	37	15	76	8	58	13	36	19	264	37	31	62	189	25	11	57	26	14	29	17	-17	259	43	13	16
Interest	91	91	98	104	104	116	116	116	123	116	106	104	93	96	91	83	90	98	123	132	131	137	188	188	172	193	187	177	202	201	182	186	198
Depreciation	505	485	501	523	559	552	558	561	687	590	572	557	595	532	542	542	589	552	555	618	580	605	619	666	647	661	637	666	679	751	731	739	741
Profit before tax	30	4	42	234	63	160	163	98	-282	340	501	381	386	377	530	484	609	593	431	345	504	298	154	207	417	321	371	291	255	458	434	211	463
Tax	145	64	42	67	101	85	111	41	-10	81	115	71	87	79	104	96	243	66	44	28	131	78	113	-108	87	98	126	65	82	101	183	86	124
Net profit	-121	58	2	173	-199	77	54	59	-275	258	384	309	299	296	425	395	365	532	394	326	382	221	45	321	333	227	236	190	183	365	263	134	341
EPS ₹	-4.24	-2.05	0.06	6.08	-6.98	2.69	1.89	2.05	-9.65	9.05	13.49	10.85	10.50	10.39	14.93	13.87	12.81	18.68	13.82	11.44	13.39	7.74	1.57	11.27	11.68	7.97	8.28	6.67	6.42	12.82	9.24	4.71	11.96
Revenue YoY	—	—	—	—	5.9%	6.6%	5.0%	-1.0%	3.6%	5.6%	3.0%	-0.1%	-7.4%	-6.8%	-5.2%	-0.9%	4.7%	6.2%	8.2%	7.2%	—	10.0%	24.4%	24.6%	18.1%	18.4%	2.9%	5.8%	5.8%	6.7%	—	10.5%	9.6%
Profit YoY	—	—	—	—	—	31.0%	3167.3%	-66.2%	—	236.5%	613.2%	428.1%	—	14.9%	10.6%	27.8%	22.0%	25.1%	-0.3%	-10.7%	—	-58.5%	-88.6%	-1.5%	-12.8%	3.0%	426.6%	-42.9%	-19.4%	54.8%	—	-29.3%	86.3%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Tata Communications Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY09†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	3,724	4,092	4,416	4,376	4,319	4,790	5,068
Operating profit	822	988	1,000	998	1,028	1,171	1,193
Operating margin	22.1%	24.1%	22.6%	22.8%	23.8%	24.4%	23.5%
Other income	174	157	380	464	671	185	-1
Interest	124	173	120	60	25	20	31
Depreciation	412	707	762	680	719	746	765
Profit before tax	712	265	657	803	1,003	315	1,205
Tax	197	94	181	261	329	202	515
Net profit	514	171	475	542	675	113	690

Quarters

showing latest 8 of 40 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	948	1,041	850	863	984	990	887	843	759	770	844	824	878	945	1,027	1,019	1,101	1,082	1,094	1,089	1,150	1,141	1,219	1,202	814	1,070	1,098	1,065	1,087	1,156	1,204	1,208	1,222	1,221	1,249	1,319	1,280	1,292	1,254	1,266
Operating profit	170	154	147	192	221	231	178	218	175	156	219	212	198	233	296	222	237	190	197	286	327	273	302	329	94	261	256	247	265	278	287	285	321	326	310	305	253	252	289	302
Operating margin	17.9%	14.8%	17.3%	22.3%	22.5%	23.3%	20.1%	25.9%	23.1%	20.2%	25.9%	25.8%	22.5%	24.6%	28.8%	21.8%	21.6%	17.6%	18.0%	26.2%	28.5%	23.9%	24.8%	27.4%	11.5%	24.4%	23.3%	23.2%	24.4%	24.1%	23.8%	23.6%	26.3%	26.7%	24.8%	23.1%	19.7%	19.5%	23.1%	23.9%
Other income	40	73	35	58	44	32	40	7	34	54	27	14	65	39	19	40	59	187	60	65	68	64	122	81	196	117	306	121	126	132	127	-203	130	178	270	164	-614	67	41	97
Interest	9	7	11	20	26	34	44	53	64	57	43	47	47	46	46	40	40	33	34	32	22	16	16	14	13	12	5	4	5	6	5	5	4	8	8	7	7	5	15	12
Depreciation	99	102	86	80	93	108	131	123	130	152	143	148	151	163	171	179	195	181	187	197	198	191	191	186	113	177	178	181	184	182	185	189	190	189	189	188	198	191	199	202
Profit before tax	90	14	85	151	51	120	390	50	15	1	59	32	66	63	98	43	62	164	37	97	360	347	82	209	164	189	379	183	252	222	223	-113	-18	291	383	1,980	-1,449	123	-84	186
Tax	29	4	26	53	18	39	87	18	5	-281	20	8	20	21	36	13	23	49	13	29	90	116	36	69	41	64	111	63	91	75	82	-43	88	86	115	498	-184	41	45	64
Net profit	61	10	59	98	33	81	302	32	10	282	40	24	46	42	62	29	38	114	24	68	270	232	47	141	123	126	268	120	161	148	141	-70	-106	204	268	1,483	-1,265	82	-129	122
EPS ₹	2.15	0.33	2.07	3.45	1.15	2.84	10.61	1.12	0.37	9.89	1.39	0.85	1.60	1.47	2.17	1.03	1.34	4.00	0.85	2.37	9.46	8.13	1.64	4.93	4.33	4.41	9.40	4.22	5.64	5.18	4.95	-2.44	-3.71	7.17	9.39	52.02	-44.38	2.87	-4.51	4.28
Revenue YoY	—	—	—	—	3.8%	-4.9%	4.3%	-2.4%	-22.8%	-22.3%	0.1%	8.5%	14.0%	12.0%	24.6%	16.1%	—	14.5%	6.6%	6.9%	4.5%	5.4%	11.4%	10.4%	-29.2%	-6.2%	-10.0%	-11.4%	33.5%	8.1%	9.7%	13.4%	12.5%	5.6%	3.7%	9.1%	4.8%	5.8%	0.4%	-4.0%
Profit YoY	—	—	—	—	-46.9%	750.3%	413.7%	-67.5%	-68.0%	248.1%	24.1%	132.0%	-83.8%	5.4%	155.3%	-35.5%	—	173.1%	-61.3%	129.3%	605.6%	103.0%	95.2%	108.0%	-54.2%	-45.8%	472.7%	-14.5%	30.3%	17.4%	-47.3%	-157.9%	-165.8%	38.5%	89.6%	—	—	-60.0%	-148.0%	-91.8%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 24 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	22.5%	—	—	—	—	—	—	—	—	1083.2%	1116.4%	1151.8%	1226.3%	159.7%	107.6%	91.0%	67.0%	54.2%	51.5%	52.1%	62.8%	29.1%	27.4%	32.5%
ROCE	8.5%	8.2%	10.2%	11.8%	10.4%	7.8%	10.1%	14.3%	17.8%	20.1%	20.3%	20.4%	21.2%	26.7%	26.0%	23.0%	20.7%	15.2%	14.8%	14.1%	15.7%	15.7%	15.2%	15.3%
Net margin	0.7%	0.2%	0.3%	0.6%	-0.1%	-0.5%	0.6%	2.4%	3.9%	7.3%	7.7%	8.0%	8.6%	8.9%	8.9%	7.1%	4.9%	4.6%	4.2%	4.1%	4.9%	4.0%	3.7%	4.2%
EBITDA margin	15.9%	16.5%	17.8%	18.8%	18.4%	19.3%	20.3%	22.0%	23.6%	24.9%	25.0%	25.1%	25.4%	25.3%	23.3%	22.1%	21.2%	20.2%	19.8%	19.5%	19.6%	19.4%	19.3%	19.9%
Debt / equity	15.38	—	—	—	—	—	—	—	—	86.25	86.25	86.25	86.25	8.51	4.96	5.28	5.28	5.66	5.66	6.35	6.35	3.07	3.07	3.49
Interest coverage	1.81	1.87	2.18	2.41	2.07	1.30	1.68	2.42	3.09	4.83	5.11	5.35	5.89	6.55	4.87	4.02	3.21	2.81	2.57	2.48	2.78	2.89	2.76	3.04
Asset turnover	0.83	0.82	0.84	0.85	0.85	0.77	0.78	0.79	0.79	0.80	0.79	0.78	0.78	0.85	0.89	0.91	0.97	0.85	0.89	0.90	0.91	0.87	0.90	0.90

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	285	285	285	285	285	285	285	285	285	285	285	285	285	285	285	285	285
Other equity / reserves	515	36	-648	1,307	214	-467	-1,563	-170	643	622	1,233	1,168	1,501	1,493	2,563	3,162	3,116
Total equity	800	321	-363	1,592	499	-182	-1,278	115	928	907	1,518	1,453	1,786	1,778	2,848	3,447	3,401
Borrowings	11,976	9,331	12,199	8,376	7,677	9,165	9,086	9,958	7,897	7,755	7,533	7,674	10,118	11,287	11,772	10,582	11,855
Current liabilities	—	—	10,685	8,392	9,237	9,453	11,370	7,767	8,431	8,332	9,786	8,519	13,671	11,267	14,651	14,018	13,947
Non-current liabilities	—	—	14,845	11,100	9,862	10,736	12,065	13,423	10,281	10,813	9,218	10,579	9,100	12,169	9,702	10,735	11,465
Total assets	25,000	24,244	25,174	21,102	19,603	20,013	22,161	21,333	19,668	20,081	20,553	20,554	24,561	25,217	27,204	28,404	29,011
Property, plant & equipment	13,855	13,892	12,543	9,293	9,075	9,241	9,022	8,210	7,769	8,629	8,457	8,389	8,533	8,402	8,979	9,738	9,365
Capital work-in-progress	618	572	669	629	440	298	286	394	779	1,060	1,003	1,317	1,177	1,099	1,224	762	1,121
Investments	1,758	1,768	2	892	898	740	686	719	895	1,753	1,951	1,400	1,608	1,739	2,518	2,297	2,575
Inventories	51	26	25	19	27	77	73	34	38	42	160	49	84	248	117	100	134
Receivables	2,734	2,487	3,019	2,590	2,953	2,968	3,229	2,608	2,582	2,837	2,735	3,398	3,758	4,337	4,444	4,171	4,604
Cash & equivalents	1,669	1,621	—	—	1,256	—	—	—	—	664	1,004	438	732	429	273	642	438

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 12 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY26
Cash from operations	3,062	3,028	2,363	2,394	1,713	1,844	2,525	3,180	4,204	4,384	3,182	4,479
Cash from investing	-2,280	-1,902	-2,311	943	-504	-2,288	-1,530	-2,005	-895	-1,842	-2,644	-1,460
Cash from financing	-186	-1,388	-9	-3,276	-959	-28	-942	-1,205	-3,431	-2,241	-813	-2,937
Capex	1,812	—	2,048	1,814	1,621	1,749	1,681	1,364	1,656	1,493	2,082	2,433
Free cash flow	1,249	—	314	580	92	95	844	1,816	2,547	2,891	1,100	2,046
Dividends paid	96	147	187	142	201	153	151	114	402	593	601	712

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹9,365 cr32%

CWIP

₹1,121 cr4%

Investments

₹2,575 cr9%

Inventories

₹134 cr0%

Receivables

₹4,604 cr16%

Cash & equivalents

₹438 cr2%

Other assets

₹10,774 cr37%

Peer comparison

largest in Telecommunication · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Bharti Airtel Ltd.	13,15,061	2,107.20	42.4	8.32	19.6%
Vodafone Idea Ltd.	1,38,246	12.76	3.7	—	—
Indus Towers Ltd.	1,01,066	383.10	14.2	2.56	18.0%
Bharti Hexacom Ltd.	83,220	1,664.40	42.3	11.38	26.9%
Tata Communications Ltd.	48,602	1,704.80	44.0	14.29	32.5%
Sterlite Technologies Ltd.	37,075	719.90	48.2	8.16	16.9%
HFCL Ltd.	32,239	210.66	37.2	5.71	15.4%
ITI Ltd.	23,961	248.85	—	12.57	-5.9%
Tata Teleservices (Maharashtra) Ltd.	7,775	39.77	26.0	—	—
Railtel Corporation Of India Ltd.	7,736	241.05	22.9	3.28	14.3%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+2.7%

6 months+7.0%

1 year-10.7%

3Y CAGR-0.6%

5Y CAGR+5.9%

10Y CAGR+16.2%

50-day avg₹1,708.45

200-day avg₹1,694.93

RSI (14)45

Compare Tata Communications Ltd. with

Bharti Airtel vs Tata Communications Vodafone Idea vs Tata Communications Indus Towers vs Tata Communications Bharti Hexacom vs Tata Communications Tata Communications vs Sterlite Technologies Tata Communications vs HFCL Tata Communications vs ITI

FAQs

What is the share price of Tata Communications Ltd.?

Tata Communications Ltd. (TATACOMM) closed at ₹1,704.80 on NSE on 06 Nov 2026.

What is the market cap of Tata Communications Ltd.?

₹48,602 crore at the latest close.

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

44.0, on trailing-twelve-month earnings from its filings.

How fast is Tata Communications Ltd. growing?

Tata Communications Ltd.: revenue has compounded at 14.0% a year over three years; net profit at -12.2% a year. Latest-quarter revenue is up 9.6% year on year, profit up 86.3%.

How profitable is Tata Communications Ltd.?

On a trailing-twelve-month basis return on equity is 32.5%, return on capital employed 15.3%, operating margin 19.9%, net margin 4.2%.

How much debt does Tata Communications Ltd. have?

Tata Communications Ltd. is highly geared: debt to equity is 3.49 with borrowings of ₹11,855 cr against cash of ₹438 cr (balance sheet of 2026-09-30). Operating profit covers interest 3.0 times.

Financials parsed from Tata Communications Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.