Tata Communications Ltd (TATACOMM) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+2.56%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 13.8%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 32.6%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹1,682.96

200-Day DMA ● Overlay

₹1,560.88

14-Day RSI ● Overlay

61 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹47,331 Cr

Large cap

Stock P/E (TTM) Valuation

45.5x

Price / EPS

Book Value (₹) Assets

₹121.0

P/B: 13.7x

ROE (%) Quality

32.6%

Net Profit / Equity

ROCE (%) Efficiency

14.6%

EBIT / Capital

Dividend Yield Yield

1.05%

Face Value: ₹10

Debt / Equity Solvency

3.55x

Manageable

EPS (TTM) Per Share

₹36.47

Trailing 12M

OPM (%) Spread

19.0%

EBITDA Margin

Free Cash Flow Cash

₹2,060 Cr

CFO - Capex

About Tata Communications Ltd

Tata Communications Ltd (TATACOMM) is a leading Indian enterprise operating in the Telecommunications sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 13.7% × Turnover: 0.85x × Leverage: 4.55x = ROE: 32.6%

✓ Company Strengths (Pros)

• Company has a stellar track record of return on equity (ROE of 32.6%).
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has a high debt-to-equity ratio of 3.55x.
• Stock is trading at a premium of 13.7x its book value.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹25,426 Cr

Latest PAT

₹936.00 Cr

EPS (TTM)

₹36.47

OPM %

19.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹4,771 Cr	₹4,872 Cr	₹5,588 Cr	₹5,645 Cr	₹5,592 Cr	₹5,728 Cr	₹5,798 Cr	₹5,990 Cr	₹5,960 Cr	₹6,100 Cr	₹6,189 Cr	₹6,554 Cr	₹6,583 Cr
Operating Profit (EBITDA)	₹1,024 Cr	₹1,015 Cr	₹1,153 Cr	₹1,076 Cr	₹1,137 Cr	₹1,129 Cr	₹1,181 Cr	₹1,122 Cr	₹1,137 Cr	₹1,174 Cr	₹1,228 Cr	₹1,284 Cr	₹1,230 Cr
OPM %	21.0%	21.0%	21.0%	19.0%	20.0%	20.0%	20.0%	19.0%	19.0%	19.0%	20.0%	20.0%	19.0%
Interest Expense	₹131.00 Cr	₹137.00 Cr	₹184.00 Cr	₹186.00 Cr	₹170.00 Cr	₹189.00 Cr	₹187.00 Cr	₹182.00 Cr	₹177.00 Cr	₹202.00 Cr	₹201.00 Cr	₹182.00 Cr	₹186.00 Cr
Depreciation	₹580.00 Cr	₹605.00 Cr	₹603.00 Cr	₹651.00 Cr	₹634.00 Cr	₹648.00 Cr	₹637.00 Cr	₹672.00 Cr	₹666.00 Cr	₹679.00 Cr	₹751.00 Cr	₹731.00 Cr	₹739.00 Cr
Profit before Tax (PBT)	₹504.00 Cr	₹298.00 Cr	₹154.00 Cr	₹207.00 Cr	₹417.00 Cr	₹321.00 Cr	₹350.00 Cr	₹1,193 Cr	₹249.00 Cr	₹255.00 Cr	₹458.00 Cr	₹434.00 Cr	₹211.00 Cr
Net Profit (PAT)	₹382.00 Cr	₹221.00 Cr	₹45.00 Cr	₹322.00 Cr	₹333.00 Cr	₹227.00 Cr	₹236.00 Cr	₹1,041 Cr	₹190.00 Cr	₹183.00 Cr	₹364.00 Cr	₹259.00 Cr	₹130.00 Cr
EPS in ₹	₹13.39	₹7.74	₹1.57	₹11.27	₹11.68	₹7.97	₹8.28	₹36.50	₹6.67	₹6.42	₹12.82	₹9.24	₹4.71

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹19,913 Cr	₹18,149 Cr	₹17,620 Cr	₹16,772 Cr	₹16,525 Cr	₹17,068 Cr	₹17,100 Cr	₹16,725 Cr	₹17,838 Cr	₹20,969 Cr	₹23,109 Cr	₹24,803 Cr	₹25,426 Cr
Expenses	₹16,919 Cr	₹15,714 Cr	₹15,214 Cr	₹14,359 Cr	₹13,780 Cr	₹13,779 Cr	₹12,840 Cr	₹12,498 Cr	₹13,520 Cr	₹16,739 Cr	₹18,540 Cr	₹19,980 Cr	₹20,510 Cr
Operating Profit	₹2,994 Cr	₹2,434 Cr	₹2,406 Cr	₹2,412 Cr	₹2,745 Cr	₹3,289 Cr	₹4,261 Cr	₹4,227 Cr	₹4,318 Cr	₹4,230 Cr	₹4,569 Cr	₹4,822 Cr	₹4,916 Cr
OPM %	15%	13%	14%	14%	17%	19%	25%	25%	24%	20%	20%	19%	19%
Interest	₹751.00 Cr	₹409.00 Cr	₹367.00 Cr	₹344.00 Cr	₹397.00 Cr	₹471.00 Cr	₹420.00 Cr	₹360.00 Cr	₹432.00 Cr	₹644.00 Cr	₹729.00 Cr	₹762.00 Cr	₹771.00 Cr
Depreciation	₹2,161 Cr	₹1,864 Cr	₹1,866 Cr	₹1,906 Cr	₹2,068 Cr	₹2,358 Cr	₹2,314 Cr	₹2,205 Cr	₹2,262 Cr	₹2,470 Cr	₹2,592 Cr	₹2,827 Cr	₹2,900 Cr
Profit before Tax	₹373.00 Cr	₹243.00 Cr	₹1,467 Cr	₹46.00 Cr	₹343.00 Cr	₹140.00 Cr	₹1,609 Cr	₹2,000 Cr	₹2,063 Cr	₹1,163 Cr	₹2,281 Cr	₹1,396 Cr	₹1,358 Cr
Net Profit	₹3.00 Cr	₹10.00 Cr	₹1,235 Cr	-₹326.00 Cr	-₹80.00 Cr	-₹85.00 Cr	₹1,252 Cr	₹1,485 Cr	₹1,801 Cr	₹970.00 Cr	₹1,837 Cr	₹997.00 Cr	₹936.00 Cr
EPS in Rs	0.05	0.30	43.26	-11.53	-2.89	-3.02	43.88	51.99	63.02	33.98	64.43	35.14	33.19

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹285.00 Cr	₹285.00 Cr	₹285.00 Cr	₹285.00 Cr	₹285.00 Cr	₹285.00 Cr	₹285.00 Cr	₹285.00 Cr	₹285.00 Cr	₹285.00 Cr	₹285.00 Cr	₹285.00 Cr
Reserves & Surplus	₹36.00 Cr	-₹648.00 Cr	₹1,307 Cr	₹214.00 Cr	-₹467.00 Cr	-₹1,563 Cr	-₹170.00 Cr	₹643.00 Cr	₹1,233 Cr	₹1,501 Cr	₹2,736 Cr	₹3,162 Cr
Borrowings (Debt)	₹13,076 Cr	₹14,231 Cr	₹9,214 Cr	₹8,927 Cr	₹9,935 Cr	₹12,413 Cr	₹11,394 Cr	₹9,122 Cr	₹8,577 Cr	₹11,263 Cr	₹12,357 Cr	₹12,249 Cr
Total Liabilities	₹24,195 Cr	₹25,098 Cr	₹21,033 Cr	₹19,557 Cr	₹19,951 Cr	₹22,131 Cr	₹21,306 Cr	₹19,638 Cr	₹20,519 Cr	₹24,365 Cr	₹26,444 Cr	₹28,287 Cr
Fixed Assets	₹14,704 Cr	₹14,444 Cr	₹10,929 Cr	₹10,797 Cr	₹11,289 Cr	₹12,768 Cr	₹11,520 Cr	₹10,936 Cr	₹10,500 Cr	₹13,467 Cr	₹13,919 Cr	₹15,481 Cr
Total Assets	₹24,195 Cr	₹25,098 Cr	₹21,033 Cr	₹19,557 Cr	₹19,951 Cr	₹22,131 Cr	₹21,306 Cr	₹19,638 Cr	₹20,519 Cr	₹24,365 Cr	₹26,444 Cr	₹28,287 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹3,028 Cr	₹2,363 Cr	₹2,394 Cr	₹1,713 Cr	₹1,844 Cr	₹2,525 Cr	₹3,180 Cr	₹4,204 Cr	₹4,384 Cr	₹3,182 Cr	₹2,911 Cr	₹4,479 Cr
Cash from Investing (CFI)	-₹1,908 Cr	-₹2,313 Cr	₹940.00 Cr	-₹500.00 Cr	-₹2,284 Cr	-₹1,521 Cr	-₹2,007 Cr	-₹894.00 Cr	-₹1,836 Cr	-₹2,641 Cr	-₹2,173 Cr	-₹1,434 Cr
Cash from Financing (CFF)	-₹1,388 Cr	-₹9.00 Cr	-₹3,276 Cr	-₹959.00 Cr	-₹28.00 Cr	-₹942.00 Cr	-₹1,205 Cr	-₹3,431 Cr	-₹2,241 Cr	-₹813.00 Cr	-₹936.00 Cr	-₹2,937 Cr
Free Cash Flow (FCF)	₹1,257 Cr	₹334.00 Cr	₹598.00 Cr	₹102.00 Cr	₹106.00 Cr	₹844.00 Cr	₹1,828 Cr	₹2,554 Cr	₹2,899 Cr	₹1,110 Cr	₹711.00 Cr	₹2,060 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	46	61	54	64	66	69	56	56	56	65	63	61
Inventory Days	0	0	0	0	0	0	0	0	0	0	0	0
Cash Conversion Cycle (Days)	46	61	54	64	66	69	56	56	56	65	63	61
ROCE %	8%	7%	23%	8%	8%	9%	18%	22%	24%	18%	15%	15%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹557.00 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹1,744.00

DCF Fair Value

₹557.00

Graham Number

₹315.10

Margin of Safety

-74.3%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹557.00

Premium / Overvalued (Margin: -74.3%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹542	₹537	₹532	₹528
10%	₹552	₹547	₹542	₹537
12%	₹562	₹557	₹552	₹547
14%	₹572	₹567	₹562	₹557

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹557	Fairly Valued
Benjamin Graham Number	₹315	Market Priced
Historical Sector P/E	₹802	Premium
EV / EBITDA Multiplier	₹1,831	In-Line
Free Cash Flow Yield Model	₹1,709	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 8/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

8 / 9 Pass

Altman Z-Score

3.23 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 3.55x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 19.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

58.86%

FIIs (Foreign)

13.75%

DIIs (Domestic)

19.85%

Government

0.15%

Public / Retail

7.53%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	58.86%	58.86%	58.86%	58.86%	58.86%	58.86%	58.86%	58.86%	58.86%	58.86%	58.86%	58.86%
+ FIIs (Foreign Portfolio)	17.53%	19.20%	18.24%	18.09%	18.06%	17.80%	16.99%	17.17%	13.61%	14.46%	14.44%	13.75%
+ DIIs (Mutual Funds / Insurance)	13.55%	12.12%	13.14%	13.15%	13.45%	13.66%	14.51%	14.83%	19.03%	18.49%	19.14%	19.85%
+ Public (Retail & HNIs)	10.06%	9.81%	9.77%	9.91%	9.62%	9.68%	9.63%	9.14%	8.50%	8.19%	7.56%	7.53%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Telecommunications.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

TATACOMM Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

TATACOMM Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

TATACOMM Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹2,232.32

Accelerated market share capture in Telecommunications, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹1,953.28

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 46x P/E.

🐻 Bear Case (15%) -12.0%

₹1,534.72

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Telecommunications)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:09 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Tata Communications Ltd (TATACOMM)	Target Stock	₹1,744.00	+2.56%	45.5x	32.6%	14.6%	3.55	₹47,331 Cr
Bharti Airtel Ltd (BHARTIARTL)	5G Mobile Networks & Fiber Broadband	₹2,109.00	+1.78%	34.8x	20.3%	17.6%	1.31	₹10.87 Lakh Cr
Vodafone Idea Ltd (IDEA)	Telecom Cellular Services	₹12.88	+1.66%	N/A	N/A	-1.7%	4.85	₹1.37 Lakh Cr
Indus Towers Ltd (INDUSTOWER)	Passive Telecom Tower Infrastructure	₹397.50	+3.64%	13.9x	18.6%	19.5%	0.53	₹99,261 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:09:39 IST	✓ Live Sync
Financial Statements (10Y)	Tata Communications Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Tata Communications Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Tata Communications Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Telecommunications)

Metric Explainer

Stock DNA Methodology

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