T

Tata Communications Limited

TATACOMMNSE
Market snapshot · 2026-08-11 03:57 UTC

1,728.30

₹-11.10 (-0.64%)

MARKET CAP

₹49.26K Cr

STOCK P/E

52.6x

52W HIGH

₹2,110.00

52W LOW

₹1,322.50

BOOK VALUE

₹120.95

EPS

₹32.87

ROE

SECTOR

Communication Services

DEBT/EQUITY

335.85

VOLUME

12,454

P/B RATIO

14.29x

PEG RATIO

-1.80

Sector

Communication Services

Themes

Telecom ServicesTata Group5GTata Sons Portfolio
D
Dividend
E
Earnings
₹1,991.90₹1,837.63₹1,683.35₹1,529.08₹1,374.80VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for TATACOMM.

11.00 analysts

Price Forecast

Current
₹1,728
High Target
₹2,600
▲ +50.4%
Median Target
₹2,130
▲ +23.2%
Low Target
₹1,665
▼ -3.7%
Now₹1,728High ₹2,600Median ₹2,130Low ₹1,665Aug '25Now12M Target
Price history (1Y)
Analyst target range
11 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,426 - ₹2,18780%
6M₹1,334 - ₹2,44280%
12M₹1,230 - ₹2,89180%
Realized vol: +33.3% · Drift: +14.2%

Revenue Forecast

₹ Cr
Mar '26Current₹1,881.0
Sep 2026 ETrend estimate range
High₹1,986.7Base₹1,839.6Low₹1,692.4
Jun '25: ₹1,823.0 · Sep '25: ₹1,803.0 · Dec '25: ₹1,869.0 · Mar '26: ₹1,881.0 · Sep '26: ₹1,839.6 · Dec '26: ₹1,906.9
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E1,823.01,803.01,869.01,881.01,839.61,906.9
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹5.92
Sep 2026 ETrend estimate range
High₹7.60Base₹6.79Low₹5.97
Jun '25: ₹4.78 · Sep '25: ₹7.40 · Dec '25: ₹9.75 · Mar '26: ₹5.92 · Sep '26: ₹6.79 · Dec '26: ₹8.94
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E4.787.409.755.926.798.94
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
62%
Analyst Consensus
Weakening

From 11 analysts

Mean upside+22.0%

Fundamentals

Moderate

Fundamentals institutional score is 50 using growth durability 50.5.

Valuation

Fairly valued

Valuation institutional score is 49 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 66 using mean target upside 22.0%; dispersion penalty 17.7; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 82 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Unavailable

This data source has not been supplied for the decision payload.

Signal Summary

Market intelligence remains Neutral. analyst consensus and technical structure provide support, while fundamentals and valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Fairly valuedAnalyst Consensus NeutralTechnical Structure Strong Trend

Key Data Points

Mean Target Price2,108.6 target
Mean Upside+22.0%
Technical Score82%
Fundamental Score51%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 2.7% above historical median. Valuation is rising — currently in the fair zone (z-score: +0.28). Confidence: 91%.

Live forward EPS implies next-12-month EPS of ₹78.25. Applying the stock's normalized valuation corridor produces a fair range of ₹3,835.82 to ₹4,295.14, with base value near ₹4,030.66 (+131.7% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹78.25

Forward P/E

22.2x

Base Fair Value

₹4,030.66

Fair Range

₹3,835.82 - ₹4,295.14

Upside To Base

+131.7%

Estimate Source

Live forward EPS

Growth Estimate

-29.4%

P/E
Fair

5Y Average

45.68

Current

52.92

Overvalued

54.89

Undervalued

49.02

P/S
Overvalued

5Y Average

1.70

Current

1.95

Overvalued

1.95

Undervalued

1.44

EV/EBITDA
Overvalued

5Y Average

12.90

Current

14.81

Overvalued

14.77

Undervalued

10.35

Peers & Comparison

Sector: Communication Services · Theme: Telecom Services

Telecom Services Peers5 peers
Avg P/E: 50.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
BHARTI HEXACOM LIMITED
BHARTIHEXATelecom Services
+10.9%19.0%
42.2x
Undervalued
-17% vs avg
-13.9%
VODAFONE IDEA LIMITED
IDEATelecom Services
+3.2%77.1%
4.0x
Undervalued
-92% vs avg
+99.7%
HFCL LIMITED
HFCLTelecom Equipments
+119.9%9.6%
55.3x
Fair
+9% vs avg
+184.2%
INDUS TOWERS LIMITED
INDUSTOWERTelecom Infrastructure
+4.6%21.8%
14.2x
Undervalued
-72% vs avg
+9.1%
STERLITE TECHNOLOGIES LTD
STLTECHTelecom Equipments
+87.4%4.3%
138.6x
Premium
+172% vs avg
+400.9%
WHY THESE PEERS

TATA COMMUNICATIONS LTD trades in line with peers (52.9x vs avg 50.9x), reflecting a fair valuation within the Telecom Services cohort. Peers include BHARTI HEXACOM LIMITED, VODAFONE IDEA LIMITED, HFCL LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹1.88K CrMar 2026

Latest net profit

₹169 CrMar 2026

Latest EPS

₹5.92Mar 2026

Net margin

11.4%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.0%3.0%6.0%9.0%12.0%0.00 Cr500 Cr1.00K Cr1.50K Cr2.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr500 Cr1.00K Cr1.50K Cr2.00K Cr₹0₹7₹14₹21₹28
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr500 Cr1.00K Cr1.50K Cr2.00K Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
20212022202320242025-6.00K Cr-3.00K Cr0.00 Cr3.00K Cr6.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,8971,9752,0082,0052,0041,8091,7681,8151,8601,8231,8031,8691,881
Expenses1,4321,4851,5581,5141,5421,4041,3851,3981,5041,4661,3541,4221,397
Operating Profit170240195231189158134174112109184185215
OPM %8.98%12.17%9.71%11.51%9.42%8.72%7.56%9.58%6.01%5.97%10.23%9.88%11.41%
Other Income96.4420946.1764.4710480.0238.9671.3478.0212567.3323103
Interest20.4215.0723.3954.3662.754259.7965.5568.1965.5789.7693.2388.16
Depreciation295249255261273246249243245248264262270
Profit before tax246434218241230196113180122168162414230
Tax %24.95%24.93%24.45%34.58%24.5%22.01%-42.37%26.63%88.91%18.91%17.44%23.95%26.6%
Net Profit18532616415817415316113213.48136134315169
EPS in Rs-4.8311.515.77-0.986.1012.00-4.214.6224.464.787.409.755.92

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.86%58.86%58.86%58.86%58.86%
FII16.99%17.17%13.61%14.46%14.44%
DII14.51%14.83%19.03%18.49%19.14%
Public7.68%7.30%6.81%6.69%6.26%
Others1.96%1.84%1.69%1.50%1.30%
Mar 2026
Promoters
FII
DII
Public
Others

Events Timeline

Concall Transcript - FY2027

Jul 28, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jul 22, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jul 13, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 13, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Apr 28, 2026PDFKnowledge Base Open