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As of 6 Nov 2026, Tata Communications trades at 44.1× trailing earnings, above the industry P/E of 18.5×, and the shares are 19% below their 52-week high. It earns ROCE of 15% and ROE of 34%, and sales grew 12% a year over 3 years while net profit fell 18%. Its dividend yield is 1.0%, and debt is 3.71× equity. It is a mid-cap company with a market cap of ₹48,601 Cr, ranked 5th of 20 Telecom Services companies by market cap; the shares fell 10% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,707.00
Day high
₹1,722.90
Day low
₹1,693.60
Prev. close
₹1,713.70
Volume
2.4 L

Health check

2 fair · 4 to check
  • ReturnsIn line

    −10.1% over a year, better than 3 of 7 peers.

  • Price tagPricier

    P/E 44.1 vs industry 18.5.

  • GrowthSlow

    Sales +11.6%, profit −17.7% a year over 3 years.

  • ProfitabilityAverage

    ROCE 15.3% vs peer median 18.6%.

  • Balance sheetStretched

    Debt 3.71× equity, interest covered 2.9×, Piotroski 6 of 9.

  • Red flags2 to check

    Debt is 3.71× equity.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Telecom Services

19 listed peers. Screen the industry

Mid cap

₹48,601 Cr, #5 of 20 in its industry by size.

Defensive

Beta 0.79 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹26,014 Cr · profit ₹1,104 Cr
Market cap
₹48,601 Cr
Mid cap
P/E
44.1
Industry 18.5
Price to book
14.29
Peers 2.56
Dividend yield
1.03%
ROE
33.8%
Peers 18.8%
ROCE
15.3%
Peers 18.6%
Debt to equity
3.71
Debt ₹13,371 Cr
EPS (TTM)
₹38.66
Face value ₹10
OPM (TTM)
19.9%
Net margin 4.2%
Sales growth
+9.6%
Latest quarter vs a year ago
Profit growth
+86.0%
Latest quarter vs a year ago
Price to sales
1.87
EV/EBITDA 13.8

Strengths and risks

Strengths

  • Return on equity of 33.8%.
  • Quarterly profit up 86.0% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Debt is 3.71× equity.
  • P/E of 44.1 against an industry P/E of 18.5.

Derived automatically from reported figures. Not a recommendation.

About Tata Communications

Tata Communications Limited operates as a communications technology company worldwide. It offers voice and data transmission services, internet connectivity services, and other value-added services, such as unified conferencing and collaboration services, managed hosting, mobile global roaming and signaling services, transponder lease, television uplinking and other managed services, data center colocation services, network management and support, and…

Headquarters
Mumbai
Employees
6,046
Sector
Communication Services
ISIN
INE151A01013
Website
tatacommunications.com

Price range

52 weeks

₹1,322.50₹2,110.00

Today

₹1,693.60₹1,722.90
Avg volume (3M)
3.5 L
1-year return
minus 10.1%
From 52-week high
minus 19.2%

Analyst consensus

11 analysts
No consensusMean target ₹2,129.00 plus 24.9%

Target range, with today’s price

Low ₹1,850.00High ₹2,600.00

Today’s price ₹1,704.80 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Telecom Services

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
BHARTIARTLBharti Airtel2,107.20plus 2.45%13,15,37141.512.116.7%57.1%1.0014.9%minus 2.7%
IDEAVodafone Idea12.76minus 1.01%1,38,2463.717.136.9%42.7%–2.1%plus 37.0%
INDUSTOWERIndus Towers383.10minus 0.03%1,01,06114.26.418.4%54.6%0.564.6%minus 2.4%
BHARTIHEXABharti Hexacom1,664.40minus 2.01%83,22042.317.321.1%52.9%0.8612.4%minus 9.3%
TATACOMMTata Communications1,704.80minus 0.52%48,60144.112.315.3%19.9%3.7111.6%minus 10.1%
TTMLTata Teleservices (Maharashtra)39.77plus 12.57%7,77526.043.1–55.0%–1.5%minus 36.3%
RAILTELRailtel Corporation Of India241.05minus 0.16%7,73622.811.018.7%14.6%0.0329.8%minus 33.7%
ROUTEROUTE MOBILE451.50minus 1.66%2,8458.13.012.5%7.7%0.017.3%minus 35.5%
Median of 7 peers–−0.16%83,22022.812.118.6%52.9%0.567.3%−9.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
5,960–6,1896,5546,5836,688
4,823–4,9615,2705,3535,266
1,137–1,2281,2841,2301,422
19.1%–19.8%19.6%18.7%21.3%
17.1–25942.612.916.4
177–201182186198
666–751731739741
−20.4–−76.820.3−106−36.5
291–458434211463
22.5%–22.0%42.2%40.7%26.8%
190–365263134341
6.676.4112.809.224.7011.94

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+11.6%
Profit CAGR 3Y
−17.7%
EPS CAGR 3Y
−17.7%
ROE
33.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
17,83820,78522,98924,783
–+16.5%+10.6%+7.8%
13,47416,34118,26619,903
4,3654,4444,7234,880
24.5%21.4%20.5%19.7%
329236106276
432630729762
2,2622,4702,6282,827
64.4−262598−130
2,0631,3182,0701,438
14.4%16.2%23.5%30.0%
1,7969681,8361,002
–minus 46.1%+89.6%minus 45.5%
63.0133.9664.3535.09

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
285285285285
1,2331,5012,7363,162
8,57711,26312,35712,249
10,45811,51211,20612,708
20,55324,56126,58528,404
9,4609,71010,07310,500
1,0031,1771,005762
17115216718.5
1,7699361,450989
8,14912,58613,88816,135
20,55324,56126,58528,404

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4,3843,1822,9114,479
−1,842−2,644−2,179−1,460
−2,241−813−936−2,937
302−275−20482.6
−1,493−2,082−2,206−2,433
2,8911,1007052,046
−590−599−476−713

Shareholding pattern

Source: NSE filings
58.9%
promoters
  • Promoters58.85%
  • Public41.15%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202658.85%41.15%minus 0.01
30 Jun 202658.86%41.14%0.00
31 Mar 202658.86%41.14%0.00
31 Dec 202558.86%41.14%0.00
30 Sep 202558.86%41.14%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you