TATACOMM

Tata Communications Limited

Global digital infrastructure — enterprise connectivity, cloud and managed networks

Telecommunication›Telecommunication›Telecom - Services›Telecom - Cellular & Fixed line services

tatacommunications.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1742.80
Market cap
49,685 Cr
Stock P/E
45.0
P/B
14.61
Dividend yield
1.0%
ROE (FY26)
27.4%
ROCE (FY26)
15.4%
Operating margin (FY26)
8.0%
Debt / equity (FY26)
3.07
OCF / EBITDA (FY26)
92.9%
OCF / EBITDA (3Y)
77.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Tata Communications, a Tata Group company, sells connectivity, cloud hosting and security, collaboration and media services to enterprises in more than 190 countries and territories.

Company snapshot

4thBy market cap

Ranked among 7 companies in Telecom - Cellular & Fixed line services.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 84.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Campaign Registry
2.8%
474 Cr327 Cr—
Data Services
84.5%
14,467 Cr925 Cr—
Real Estate
1.1%
180 Cr102 Cr—
Transformation Services
5.2%
884 Cr53 Cr—
Voice Solutions
7.4%
1,259 Cr120 Cr—

What we see

Positives
  • ✓Return on equity of 27.4% — the company generates strong returns on shareholders' money.
Concerns
  • ✗Debt-to-equity of 3.07x — the company carries significant debt relative to its equity base.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Sales5,633 Cr5,692 Cr5,633 Cr5,767 Cr5,798 Cr5,990 Cr5,960 Cr6,100 Cr6,189 Cr6,554 Cr6,583 Cr6,688 Cr
Operating expenses (approx.)4,499 Cr4,635 Cr4,509 Cr4,650 Cr4,617 Cr4,868 Cr4,823 Cr4,926 Cr4,961 Cr5,270 Cr5,353 Cr5,266 Cr
EBITDA1,134 Cr1,056 Cr1,124 Cr1,117 Cr1,181 Cr1,122 Cr1,137 Cr1,174 Cr1,228 Cr1,284 Cr1,230 Cr1,422 Cr
OPM %20.1%18.6%20.0%19.4%20.4%18.7%19.1%19.2%19.8%19.6%18.7%21.3%
Other income11 Cr57 Cr26 Cr14 Cr29 Cr69 Cr17 Cr-17 Cr259 Cr43 Cr13 Cr16 Cr
Interest188 Cr188 Cr172 Cr193 Cr187 Cr182 Cr177 Cr202 Cr201 Cr182 Cr186 Cr198 Cr
Depreciation619 Cr666 Cr647 Cr661 Cr637 Cr672 Cr666 Cr679 Cr751 Cr731 Cr739 Cr741 Cr
Profit before tax159 Cr213 Cr420 Cr325 Cr362 Cr1,216 Cr256 Cr265 Cr465 Cr443 Cr216 Cr460 Cr
Tax %71.6%-50.9%20.7%30.0%34.8%14.5%25.6%31.0%21.7%41.4%39.9%27.0%
Net profit45 Cr322 Cr333 Cr227 Cr236 Cr1,041 Cr190 Cr183 Cr364 Cr259 Cr130 Cr336 Cr
EPS (₹)₹1.57₹11.27₹11.68₹7.97₹8.28₹36.50₹6.67₹6.42₹12.82₹9.24₹4.71₹11.96

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales17,620 Cr16,651 Cr16,525 Cr17,068 Cr17,100 Cr16,725 Cr17,838 Cr20,969 Cr23,109 Cr24,803 CrSign in free for the trailing twelve months
Operating expenses (approx.)15,214 Cr14,359 Cr13,780 Cr13,779 Cr12,840 Cr12,498 Cr13,520 Cr16,739 Cr18,540 Cr19,980 CrSign in free for the trailing twelve months
EBITDA2,406 Cr2,291 Cr2,745 Cr3,289 Cr4,261 Cr4,227 Cr4,318 Cr4,230 Cr4,569 Cr4,822 CrSign in free for the trailing twelve months
OPM %13.7%13.8%16.6%19.3%24.9%25.3%24.2%20.2%19.8%19.4%Sign in free for the trailing twelve months
Other income360 Cr381 Cr60 Cr70 Cr157 Cr332 Cr363 Cr282 Cr130 Cr302 CrSign in free for the trailing twelve months
Interest367 Cr344 Cr397 Cr471 Cr420 Cr360 Cr432 Cr644 Cr729 Cr762 CrSign in free for the trailing twelve months
Depreciation1,866 Cr1,906 Cr2,068 Cr2,358 Cr2,314 Cr2,205 Cr2,262 Cr2,470 Cr2,592 Cr2,827 CrSign in free for the trailing twelve months
Profit before tax-525 Cr29 Cr193 Cr142 Cr1,606 Cr2,007 Cr2,097 Cr1,183 Cr2,323 Cr1,428 CrSign in free for the trailing twelve months
Tax %-45.0%1210.9%141.7%159.8%22.1%26.0%14.1%18.0%20.9%30.2%Sign in free for the trailing twelve months
Net profit1,235 Cr-326 Cr-80 Cr-85 Cr1,252 Cr1,485 Cr1,801 Cr970 Cr1,837 Cr997 CrSign in free for the trailing twelve months
EPS (₹)—₹-11.53₹-2.89₹-3.02₹43.88₹51.99₹63.02₹33.98₹64.44₹35.14Sign in free for the trailing twelve months
Dividend payout %————9.2%27.0%32.9%62.0%26.0%71.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital285 Cr285 Cr285 Cr285 Cr285 Cr285 Cr285 Cr285 Cr285 Cr285 Cr
Reserves1,307 Cr214 Cr-467 Cr-1,563 Cr-170 Cr643 Cr1,233 Cr1,501 Cr2,736 Cr3,162 Cr
Borrowings8,376 Cr7,677 Cr9,165 Cr9,086 Cr9,801 Cr7,897 Cr7,533 Cr10,118 Cr10,880 Cr10,582 Cr
Other liabilities11,116 Cr11,422 Cr11,024 Cr14,349 Cr11,389 Cr10,815 Cr11,471 Cr12,653 Cr12,680 Cr14,171 Cr
Total liabilities21,102 Cr19,603 Cr20,013 Cr22,161 Cr21,333 Cr19,668 Cr20,553 Cr24,561 Cr26,585 Cr28,404 Cr
Fixed assets (net)9,293 Cr9,075 Cr9,241 Cr10,618 Cr9,543 Cr8,917 Cr8,457 Cr8,533 Cr9,068 Cr9,738 Cr
CWIP629 Cr440 Cr345 Cr384 Cr511 Cr799 Cr1,003 Cr1,177 Cr1,005 Cr762 Cr
Investments2,434 Cr1,250 Cr1,718 Cr1,843 Cr2,510 Cr1,942 Cr2,348 Cr1,994 Cr2,909 Cr2,485 Cr
Inventories19 Cr27 Cr77 Cr73 Cr34 Cr38 Cr160 Cr84 Cr158 Cr100 Cr
Trade receivables2,590 Cr2,891 Cr2,968 Cr3,229 Cr2,608 Cr2,582 Cr2,735 Cr3,758 Cr4,006 Cr4,171 Cr
Cash & bank1,003 Cr1,256 Cr789 Cr850 Cr818 Cr697 Cr1,004 Cr732 Cr534 Cr642 Cr
Other assets5,134 Cr4,664 Cr4,875 Cr5,165 Cr5,309 Cr4,694 Cr4,846 Cr8,284 Cr8,904 Cr10,506 Cr
Total assets21,102 Cr19,603 Cr20,013 Cr22,161 Cr21,333 Cr19,668 Cr20,553 Cr24,561 Cr26,585 Cr28,404 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity2,394 Cr1,713 Cr1,844 Cr2,525 Cr3,180 Cr4,204 Cr4,384 Cr3,182 Cr2,911 Cr4,479 Cr
Cash from investing943 Cr-504 Cr-2,288 Cr-1,530 Cr-2,005 Cr-895 Cr-1,842 Cr-2,644 Cr-2,179 Cr-1,460 Cr
Cash from financing-3,276 Cr-959 Cr-28 Cr-942 Cr-1,205 Cr-3,431 Cr-2,241 Cr-813 Cr-936 Cr-2,937 Cr
Net cash flow61 Cr250 Cr-471 Cr53 Cr-32 Cr-121 Cr308 Cr-272 Cr-198 Cr108 Cr
Free cash flow (OCF − Capex)580 Cr92 Cr95 Cr844 Cr1,816 Cr2,547 Cr2,891 Cr1,100 Cr705 Cr2,046 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-1.6%4.6%7.5%11.9%20.4%26.7%27.9%15.3%22.0%15.4%
ROE %76.6%-65.2%——870.7%155.0%116.0%54.1%60.7%27.4%
Debtor days54636569565656656361
Inventory days0122113121
Days payable74768182696567645663
Cash conversion cycle-20-12-14-12-13-8-839-1
OCF / EBITDA %99.5%74.8%67.2%76.8%74.6%99.5%101.5%75.2%63.7%92.9%
OCF / EBITDA % (3 years)——80.0%73.1%73.3%84.1%91.9%92.1%79.9%77.6%
Debt / equity5.2615.38——84.898.514.965.663.603.07
Current ratio0.620.540.560.510.740.560.570.430.580.49
Net debt / EBITDA3.06—3.052.502.111.701.512.222.262.06