Tata Communications Ltd
NSE: TATACOMM · Telecom - Cellular & Fixed line services · sector
₹1,681.20NSE close 2026-10-26
Key numbers
Market cap₹47,929 cr
Price₹1,681.20
52w high / low₹2,110 / ₹1,322
P/E43.4xSector median 27.1x
P/B14.1xSector median 11.4x
Book value₹119.3
Dividend yield1.49%Sector median 1.02%
ROE35.3%Sector median 27.9%
ROCE15.3%Sector median 25.9%
OPM19.1%Sector median 40.3%
Debt / equity3.49xSector median 0.82x
EV/EBITDA11.9xSector median 14.3x
Interest cover3.0x
Current ratio0.51x
Sales growth 3y+11.6%Sector median +1.2%
Profit growth 3y-17.7%Sector median +14.8%
PEG–
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 9 companies in Telecom - Cellular & Fixed line services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹991 cr vs borrowings ₹10,582 cr (FY26): borrowings are higher by ₹9,590 cr.
- Operating profit covered interest 3.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 30% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,681.20 on 2026-10-26: -20.3% from the 52-week high, +27.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹2,134.75 · low ₹1,323.95
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,798 | 5,990 | 5,960 | 6,100 | 6,189 | 6,554 | 6,583 | 6,688 |
| EBITDA | 1,166 | 1,700 | 1,116 | 1,153 | 1,151 | 1,304 | 1,124 | 1,385 |
| OPM % | 20.1% | 28.4% | 18.7% | 18.9% | 18.6% | 19.9% | 17.1% | 20.7% |
| Other income | 29 | 69 | 17 | -17 | 259 | 43 | 13 | 16 |
| Net profit | 236 | 1,040 | 190 | 183 | 365 | 263 | 134 | 341 |
| EPS (₹) | 8.28 | 36.50 | 6.67 | 6.42 | 12.82 | 9.24 | 4.71 | 11.96 |
| Revenue YoY | +6.7% | +9.4% | +10.5% | +9.6% | ||||
| Profit YoY | +54.8% | -74.7% | -29.3% | +86.3% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 16,725 | 17,838 | 20,969 | 23,109 | 24,803 | 26,014 |
| EBITDA | 4,233 | 4,395 | 3,994 | 5,260 | 4,724 | 4,965 |
| Net profit | 1,482 | 1,796 | 968 | 1,836 | 1,002 | 1,104 |
| EPS (₹) | 51.99 | 63.02 | 33.98 | 64.44 | 35.14 | 38.73 |
| Revenue growth | +6.7% | +17.5% | +10.2% | +7.3% | +9.1% | |
| Profit growth | +21.2% | -46.1% | +89.6% | -45.5% | -33.1% | |
| Dividend / share (₹) | 14.00 | 20.70 | 21.00 | 16.70 | 25.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +11.6% | +7.7% | +9.1% |
| Net profit | -17.7% | -4.3% | -33.1% |
| EPS | -17.7% | -4.3% | – |
| Share price | – | -4.4% (2y) | -11.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,518 | 1,786 | 3,021 | 3,447 |
| Borrowings | – | 7,533 | 10,118 | 10,880 | 10,582 |
| Cash & equivalents | – | 1,822 | 992 | 1,503 | 991 |
| Total assets | – | 20,553 | 24,561 | 26,585 | 28,404 |
| Fixed assets | – | 8,457 | 8,533 | 9,068 | 9,738 |
| Capital work in progress | – | 1,003 | 1,177 | 1,005 | 762 |
| Investments | – | 171 | 152 | 167 | 18 |
| Receivables | – | 2,735 | 3,758 | 4,006 | 4,171 |
| Inventory | – | 160 | 84 | 158 | 100 |
| Payables | – | 3,277 | 3,656 | 3,569 | 4,317 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 4,204 | 4,384 | 3,182 | 2,911 | 4,479 |
| Cash from investing | -895 | -1,842 | -2,644 | -2,179 | -1,460 |
| Cash from financing | -3,431 | -2,241 | -813 | -936 | -2,937 |
| Capex | 1,656 | 1,493 | 2,082 | 2,206 | 2,433 |
| Free cash flow | 2,547 | 2,891 | 1,100 | 705 | 2,046 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 118.3% | 54.2% | 60.8% | 29.1% |
| ROCE % | – | 27.6% | 15.2% | 20.1% | 15.7% |
| Debtor days | – | 56 | 65 | 63 | 61 |
| Inventory days | – | 3 | 1 | 2 | 1 |
| Payable days | – | 67 | 64 | 56 | 64 |
| Cash conversion cycle (days) | – | -8 | 2 | 9 | -2 |
| Working capital days | – | -87 | -135 | -84 | -105 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 58.85% |
| FIIs | 13.54% |
| DIIs | 20.21% |
| of which Mutual funds | 16.25% |
| of which Insurance | 2.90% |
| Government | 0.00% |
| Public (non-institutions) | 7.41% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 58.86% | 58.86% | 58.86% | 58.86% | 58.86% | 58.86% | 58.86% | 58.85% |
| Promoter group | % |
|---|---|
| Panatone Finvest Limited | 44.78% |
| Tata Sons Private Limited | 14.06% |
| President of India | 0.00% |
| Metara Global Commodities Trading Private Limited | 0.00% |
| TACO Lighting Solutions Private Limited | 0.00% |
| Actve Digital Services Private Limited | 0.00% |
| Agratas Energy Storage Solutions Private Limited | 0.00% |
| AI Fleet Services IFSC Limited | 0.00% |
| Air India Express Limited | 0.00% |
| Air India Limited | 0.00% |
| Akashastha Technologies Private Limited | 0.00% |
| APTOnline Limited | 0.00% |
| Ardent Properties Private Limited | 0.00% |
| Arrow Infraestate Pvt Limited | 0.00% |
| Artson Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Hdfc Mutual Fund - Hdfc Mid-Cap Fund | 4.94% |
| Mirae Asset Large & Midcap Fund | 3.55% |
| Quant Mutual Fund - Quant Mid Cap Fund | 1.81% |
| Rekha Jhunjhunwala | 1.58% |
| Government Pension Fund Global | 1.50% |
| Icici Prudential India Opportunities Fund | 1.24% |
1,66,935 shareholders. Pledged: 0.00% of promoter shares.
Peers in Telecom - Cellular & Fixed line services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BHARTIARTL | ₹11,18,941 cr | 39.1x | 7.5x | 22.0% | 25.9% | 55.1% | +14.9% | 1.02% |
| IDEA | ₹1,29,470 cr | 3.5x | – | – | 51.1% | 174.9% | +2.1% | – |
| BHARTIHEXA | ₹81,475 cr | 44.7x | 11.4x | 27.9% | 30.3% | 52.3% | – | 0.61% |
| TATACOMM | ₹47,929 cr | 43.4x | 14.1x | 35.3% | 15.3% | 19.1% | +11.6% | 1.49% |
| TTML | ₹8,119 cr | 27.1x | – | – | – | 110.4% | +1.6% | – |
| MTNL | ₹1,435 cr | – | – | – | -0.6% | -12.5% | +0.8% | – |
| RCOM | ₹221 cr | – | – | – | – | 40.3% | -13.1% | – |
| QUADRANT | ₹43 cr | 1.6x | – | – | – | 14.7% | -19.1% | – |
| CITYONLINE | ₹5 cr | 7.5x | – | – | – | -7.7% | -9.4% | – |
All 9 companies in Telecom - Cellular & Fixed line services →
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Data Services | ₹21,441 cr | 85.7% | ₹1,180 cr | 5.5% |
| Voice Solutions | ₹1,561 cr | 6.2% | ₹116 cr | 7.4% |
| Transformation Services | ₹959 cr | 3.8% | ₹170 cr | 17.8% |
| Campaign Registry | ₹844 cr | 3.4% | ₹423 cr | 50.1% |
| Real Estate | ₹207 cr | 0.8% | ₹106 cr | 51.1% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-19 | Dividend | Dividend - Rs 17.50 Per Share |
| 2025-06-19 | Dividend | Dividend - Rs 25 Per Share |
| 2024-07-01 | Dividend | Dividend - Rs 16.70 Per Share |
| 2024-07-01 | Other | Annual General Meeting |
| 2023-06-26 | Dividend | Annual General Meeting/Dividend - Rs 21 Per Share |
| 2022-06-10 | Dividend | Annual General Meeting/Dividend - Rs 20.70 Per Share |
| 2021-06-17 | Dividend | Annual General Meeting/Dividend - Rs 14 Per Share |
| 2020-08-20 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2019-09-17 | Restructuring | Demerger |
| 2019-07-25 | Dividend | Annual General Meeting/Dividend - Rs 4.50 Per Share |
| 2018-08-01 | Dividend | Dividend- Rs 4.50 Per Share |
| 2017-06-16 | Dividend | Annual General Meeting / Dividend - Rs 4.50 Per Share / Special Dividend Rs 1.50 Per Share |
| 2016-07-21 | Dividend | Dividend - Rs 4.30/- Per Share |
| 2015-09-23 | Dividend | Annual General Meeting/ Dividend - Rs 5.50/- Per Share |
| 2014-07-30 | Dividend | Annual General Meeting / Dividend - Rs 4.50/- Per Share |
| 2013-07-17 | Dividend | Annual General Meeting/Dividend Rs 3/- Per Share |
| 2012-07-16 | Dividend | Annual General Meeting/Dividend Rs.2 Per Share |
| 2011-09-28 | Dividend | Dividend-Rs.2/- Per Share |
| 2010-07-29 | Other | Annual General Meeting |
| 2009-07-22 | Dividend | Dividend-Rs.4.50 Pr Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Telecommunications services: Telecommunications services
| Sector | Telecommunication |
| Industry | Telecom - Cellular & Fixed line services |
| Sub-industry | Telecom - Cellular & Fixed line services |
| Symbol | TATACOMM |
| BSE code | 500483 |
| ISIN | INE151A01013 |
| Face value | ₹10.0 |
| Incorporated | 1986-03-19 |
| Website | www.tatacommunications.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.