TATACOMMTelecommunication

Tata Communications Limited

Telecom - Cellular & Fixed line services · ISIN INE151A01013 · BSE 500483 · NSE EQ · FV ₹10
Last price
₹1,792
-0.43%today
What this company does

Tata Communications Limited operates in Telecom - Cellular & Fixed line services, part of the Telecommunication sector. It booked ₹6,583 cr of revenue in its latest quarter (Q1 FY27) and kept 2.0% of sales as profit. It is the 3rd largest of 6 Telecom - Cellular & Fixed line services companies we track, by market value.

In the report:
46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of companies in Telecommunication, on all six measures of filed financials. Each measure is ranked against the 9–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
58

At close. Not part of the score.

Profitability & returns41

How much profit it earns on the money it employs

Balance sheet17

How much it owes, and whether earnings cover the interest

Cash quality93

Whether reported profit actually arrives as cash

Growth & consistency50

Whether sales and profit have grown, and how steadily

Valuation7

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 10% vs last year
Promoters hold 59%
No promoter shares pledged
Strong 16% return on equity
Turns profit into real cash
Watch-outs
! Thin 2.0% net margin
! Profit down 29% vs last year
! Carries high debt (D/E 2.9)

What if I invest in TATACOMM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,792 -0.43%
latest close · 2026-09-17
1-year return
+28.7%
52-wk low ₹85652-wk high ₹1,854
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio95.1High
LowAverageHigh
P/B ratio14.81High
Below bookModerateHigh
EV / EBITDA13.4Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.6%Strong
WeakFairStrong ▸15%
Return on capital11.0%Fair
WeakFairStrong
Net margin2.0%Thin
ThinDecentStrong
EBITDA margin17.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity2.90High
LowModerateHigh ▸1
Interest cover2.1×Okay
RiskyOkayStrong ▸5×
Current ratio0.49Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹51,064 cr
Book value
₹121
EPS
₹4.71
latest quarter
Net debt
₹9,940 cr
owes more than its cash
Enterprise value
₹61,004 cr
EBITDA
₹4,547 cr
annualised
EBIT
₹1,589 cr
annualised
Operating margin
6.0%
Return on assets
1.9%
Earnings yield
1.05%
P/S
1.94
Sales / share
₹923.8
Tax rate
40.7%
Face value
₹10
Shares
28.5 cr
Working capital
₹-7,163 cr
Current assets
₹6,856 cr
Current liabilities
₹14,018 cr
Delivery %
54.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹328₹359, midpoint ₹344

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹6,583 cr
Other Income₹13 cr
Total Income₹6,596 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹1,240 cr
Finance Costs₹186 cr
Depreciation & Amortisation₹739 cr
Other Expenses₹4,113 cr
Total Expenses₹6,278 cr
Exceptional Items₹-106 cr
Profit before Tax₹211 cr
Tax Expense₹86 cr
Share of JV / Associates₹4 cr
Net Profit₹130 cr
Net margin on total income2.0%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹1,240 cr19.1%
Finance costs₹186 cr2.9%
Depreciation & amortisation₹739 cr11.4%
Other expenses₹4,113 cr63.3%
Tax expense₹86 cr1.3%
Profit for the period₹130 cr2.0%
Total income ₹6,596 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue6,189 cr6,554 cr6,583 cr
Total income6,448 cr6,597 cr6,596 cr
Expenses5,914 cr6,183 cr6,278 cr
Profit before tax458 cr434 cr211 cr
Tax101 cr183 cr86 cr
Net profit (owners' share)365 cr263 cr134 cr
Net margin (owners' share, on revenue)5.9%4.0%2.0%
EPS (₹)12.829.244.71
YoY (latest quarter): total income +10.4% · net profit -29.3%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹28,404 cr
Shareholder equity
₹3,447 cr
parent shareholders
Total debt
₹10,582 cr
Cash
₹642 cr
Cash flow · H1 FY26
Operating
₹954 cr
Investing
₹-521 cr
Financing
₹-699 cr
Peer comparison
Telecom - Cellular & Fixed line services · by market value
CompanyPriceMarket capP/E
Vodafone Idea Limited₹14₹1.54 L cr
Bharti Hexacom Limited₹1,481₹74,055 cr38.4
Tata Communications Limitedthis company₹1,792₹51,064 cr95.1
Reliance Communications Limited₹1₹19,416 cr
Tata Teleservices (Maharashtra) Limited₹37₹7,163 cr
Mahanagar Telephone Nigam Limited₹24₹1,498 cr
Bharti Airtel Limited₹1,83634.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.98%
trailing 12 months
Dividend / share (TTM)
₹17.5
Last dividend
₹17.5
ex 19 Jun 2026
ActionDetailEx-date
Dividend₹17.5 / share19 Jun 2026
Dividend₹25 / share19 Jun 2025
Dividend₹16.7 / share1 Jul 2024
Dividend₹21 / share26 Jun 2023
Dividend₹20.7 / share10 Jun 2022
Dividend₹14 / share17 Jun 2021
Who owns it · 2026-06-30
No pledge
Promoter
58.9%
FII / Foreign
13.8%
DII / Domestic
19.9%
Retail / others
7.5%
Smart-money activity
Insider trades
BoughtPanatone Finvest Limited · Promoter Group2.85 cr · ₹3389.2 cr18 Mar 21
SoldTHE PRESIDENT OF INDIA · Promoters2.85 cr · ₹3389.2 cr18 Mar 21
SoldTHE PRESIDENT OF INDIA · Promoters45.95 L · ₹538.6 cr17 Mar 21
Bulk / block deals
short · NSE20028 Aug 26
short · NSE224 Jul 26
short · NSE25622 Jun 26
Stake changes
SoldEast Bridge Capital Master Fund I Ltd.→ 5.24% · 13.00 L27 Jan 22
SoldEast Bridge Capital Master Fund Ltd.→ 5.24% · 13.10 L27 Jan 22
SoldThe President of India, acting through and represented by the Deparment of Telecommunications Ministry of Communications Government of India · promoter→ 0.00% · 2.85 cr18 Mar 21
Promoter pledges
ReleasedCentbank Financial Services Ltd52.62 L · 1.85% held31 Jan 24
ReleasedCentbank Financial Services Ltd30.63 L · 2.97% held23 Nov 23
PledgedShares have been pledged in favour of centbank financial Services Ltd acting as Trustees for Various debenture holders15.00 L · 2.39% held30 Nov 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 9 Jul 2025
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 together with the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
8.59 cr votes for, 196 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
8.59 cr votes for, 208 against · 0% of mutual funds and other big investors said no
3
To declare a dividend on equity shares of the Company for the financial year ended March 31, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
8.60 cr votes for, 196 against · 0% of mutual funds and other big investors said no
4
To appoint a Director in place of Mr. Ankur Verma (DIN: 07972892), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 97% of shareholders other than promotersneeded 50%
8.35 cr votes for, 24.72 L against · 3% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 296 named members
owning 58.9% between them · as of 2026-06-30
Panatone Finvest Limited44.79%
Tata Sons Private Limited14.07%
3-101-951221 SOCIEDAD ANONIMAno shares
915 Labs Incno shares
Actve Digital Services Private Limitedno shares
AFCL Ghana Ltd.no shares
AFCL Premium Services Ltd.no shares
AFCL RSA (Pty) Limitedno shares
Business done with them
FY2026 · 3 of the group
The company paid ₹1,261 cr to companies in the promoter group last year — about 5.1% of its ₹24,803 cr revenue and received ₹1,896 cr back from them.
TATA CONSULTANCY SERVICES LIMITED
Provided services to them · As per notes
₹1,892 cr
company received
TATA CONSULTANCY SERVICES LIMITED
Paid them for services · As per notes
₹547 cr
company paid
PANATONE FINVEST LIMITED
Other payments to them · As per notes
also owns 44.79% of the company
₹319 cr
company paid
TATA CONSULTANCY SERVICES LIMITED
Contribution made to them · As per notes
₹165 cr
company paid
TATA SONS PRIVATE LIMITED
Other payments to them · As per notes
also owns 14.07% of the company
₹153 cr
company paid
TATA CONSULTANCY SERVICES LIMITED
Bought property or assets from them · As per notes
₹77 cr
company paid
TATA SONS PRIVATE LIMITED
Provided services to them · As per notes
also owns 14.07% of the company
₹3 cr
company received
TATA CONSULTANCY SERVICES LIMITED
Other income from them · As per notes
₹83 L
company received
TATA SONS PRIVATE LIMITED
Paid them for services · As per notes
also owns 14.07% of the company
₹4 L
company paid

The company also transacted with 2 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.