Tata Communications logo

Tata Communications share price

NSE: TATACOMMBSE: 500483Telecom - ServicesMid Cap

Tata Communications Limited · Formerly Videsh Sanchar Nigam · Face value ₹10 · Listed Apr 1995
Last close ₹1,681.00down ₹32.50 (1.90%)BSE ₹1,681.10

Share price at the NSE close on 28 Oct 2026. Previous close ₹1,713.50.

28 Oct: open ₹1,713.50, high ₹1,744.80, low ₹1,679.90

52-week range of traded prices to 28 Oct 2026
₹1,322.50Low, 2 Apr 2026₹2,110.00High, 22 Jun 2026
Market cap
₹47,923 Cr201st largest listed
P/E
43.42
P/E without one-offs
36.77
P/B
14.09
Dividend yield
1.04%
ROE
35.3%
ROE without one-offs
41.7%
ROCE
14.2%
Debt to equity
3.29
Volume, NSE
1,33,94158.3% delivered

Tata Communications share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses, with the demerger of Sep 2019 reinvested. Reinvested means the value of the shares of the company that was split off is treated as put back into this share at its opening price on the ex-date.

−11.8%over a year · Nifty 500 −8.8%

Results20-session average 5,43,461 shares a day, 50.8% delivered

About Tata Communications

Tata Communications Limited is a Mumbai-based communications technology company that sells network connectivity, cloud, cybersecurity, collaboration and media services to businesses around the world.12 Its customers are enterprises, including cloud and internet content companies, and telecom service providers, which it serves over its global network.34

It groups its offerings into a network fabric of connectivity, a cloud and security fabric, and an interaction fabric of customer engagement, IoT (internet of things) and mobility platforms, and provides media services to broadcasters, streaming platforms and content owners.567 At the end of March 2026 it had 66 subsidiaries and 3 associates (companies it part-owns with significant influence), including STT Global Data Centres India Private Limited.89

It was incorporated in 1986 to take over the government's Overseas Communications Service, and the Tata group acquired a 25% stake in 2002.210 It acquired Tyco and Teleglobe in 2005-06 to establish a global presence, and the Government of India sold its entire 26.12% stake in 2021.11 In 2023 it acquired The Switch, a media business, and Kaleyra, now part of its customer interaction suite.12

Its promoters include the Tata group companies Panatone Finvest Limited, the group's investment vehicle, and Tata Sons Private Limited; promoters together held 58.87% of the shares at the end of March 2026.1314

Tata Communications key points

Results

  • In the quarter to Sep 2026, consolidated revenue was ₹6,688 crore, up 9.6% on a year earlier, partly from currency movements; excluding currency effects, data revenue grew about 6%. Profit after tax attributable to shareholders was ₹341 crore, up 86%.1516
  • Consolidated EBITDA for the quarter to Sep 2026 (earnings before interest, tax, depreciation and amortisation) was ₹1,422 crore, up 21.2%, a margin of 21.3%.17
  • In the year to Mar 2026, consolidated revenue rose 7.3% to ₹24,803 crore and EBITDA rose 5.5% to ₹4,822 crore, a margin of 19.4%.18
  • Consolidated profit after tax fell in the year to Mar 2026, mainly because the year before included gains from selling real estate; adjusted profit after tax, as the company measures it, rose 8.1%.1920

Business segments

  • Revenue by segment, before inter-segment sales are deducted (₹ crore)2122
    Itemquarter to Sep 2026quarter to Sep 2025
    Data Services5,810.995,204.47
    Voice Solutions370.04405.96
    Campaign Registry277.76202.54
    Transformation Services190.11286.74
    Real Estate51.8451.85
    Data Services covers core connectivity services, digital platforms and connected services; Campaign Registry shares automated campaign information with mobile operators and the messaging ecosystem to reduce spam.
  • Revenue from the digital portfolio rose 18.6% on a year earlier in the quarter to Sep 2026, and its EBITDA margin improved to minus 3.6% from minus 6.9% in the previous quarter.2324
  • On its earnings call of 15 Oct 2026, the company said it aims for double-digit EBITDA growth in the year to Mar 2027 and to turn the digital portfolio EBITDA positive as soon as it can.25

Where revenue comes from

  • Revenue by location of operation (₹ crore)2627
    Itemyear to Mar 2026year to Mar 2025
    India8,828.088,707.96
    United States6,247.404,873.94
    United Kingdom1,982.721,858.86
    Singapore1,189.451,176.27
    Switzerland169.69115.75
    Others6,385.386,375.81
    Its network can be reached from more than 190 countries and territories.

Network and reach

  • Its network spans more than 500,000 km of subsea optical fibre and more than 200,000 km of terrestrial fibre, with more than 650 transmission points of presence (sites where customers connect) in subsea cable systems and data centres.2829
  • In India it has more than 80,000 km of terrestrial fibre and 30,000 km of metro (city) fibre, with connectivity across 118 data centres.30
  • The company says more than 35% of global internet traffic is routed on its network and that it connects businesses to 80% of the world's cloud providers.3132

Customers and partners

  • It serves more than 5,000 customers, including 300 of the Fortune 500 companies and 380 of the ET 500 (a list of India's largest companies).3334
  • Customers by yearly revenue to the company35
    Itemyear to Mar 2026
    More than $10 million35
    $5 million to $10 million38
    $2 million to $5 million94
    $1 million to $2 million130
    Total297
  • On its earnings call of 15 Oct 2026, the company named its sister company Tata Consumer as an AI-led customer win and said its voice AI agents are live at HDFC ERGO General Insurance.36

Expansion and capital spending

  • In its exchange filing of 30 Jun 2026, the company said it plans to invest $63 million in the MIST cable to Singapore in the year to Mar 2027, and $89 million in a new Chennai to Singapore cable up to Mar 2031.3738
  • Consolidated capital expenditure, including ₹607.75 crore for leased (right-of-use) assets, was ₹3,349.04 crore in the year to Mar 2026, against ₹3,109.30 crore a year earlier.3940

Recent events

  • On 20 May 2026, the Board appointed Ganesh Lakshminarayanan Managing Director and Chief Executive Officer; his predecessor retired on 13 Apr 2026.4142
  • On 22 Apr 2026, the Board recommended a final dividend of ₹17.50 per share for the year to Mar 2026, which would cost about ₹499 crore if shareholders approved it; the documents give no outcome.4344
  • On 1 Dec 2025, a subsidiary acquired 51% of Commotion, Inc., a US company that sells AI software by subscription over the internet, for about ₹227 crore.45

Litigation and regulatory matters

  • As of its annual report of 16 Jun 2026, the company was contesting licence fee demands of ₹7,844.57 crore from the Department of Telecommunications, under stay orders; its contingent liability (possible dues if it loses) on all such dues with interest was ₹11,024.88 crore.46
  • On 14 Sep 2026, its Canadian subsidiary agreed in principle with the Canada Revenue Agency to settle a tax claim, with a contingent liability of ₹1,658 crore at 31 Mar 2026; the company said it expects no material impact.474849
  • On 21 Oct 2026, the company said Spain's National Court had annulled a demand of €15,505,607.73 for VAT (value added tax) and interest, and a penalty of €18,102,272.48, against its Spanish subsidiary; the ruling can still be appealed.50

Last updated

All 50 sources, each with its page
  1. 1. Annual report, 16 Jun 2026, page 62
  2. 2. Annual report, 16 Jun 2026, page 133
  3. 3. Annual report, 16 Jun 2026, page 64
  4. 4. Annual report, 16 Jun 2026, page 18
  5. 5. Annual report, 16 Jun 2026, page 9
  6. 6. Annual report, 16 Jun 2026, page 21
  7. 7. Annual report, 16 Jun 2026, page 23
  8. 8. Annual report, 16 Jun 2026, page 53
  9. 9. Annual report, 16 Jun 2026, page 185
  10. 10. Annual report, 16 Jun 2026, page 7
  11. 11. Annual report, 16 Jun 2026, page 7
  12. 12. Annual report, 16 Jun 2026, page 7
  13. 13. Annual report, 16 Jun 2026, page 75
  14. 14. Annual report, 16 Jun 2026, page 77
  15. 15. Earnings call, 15 Oct 2026, page 4
  16. 16. Earnings call, 15 Oct 2026, page 4
  17. 17. Earnings call, 15 Oct 2026, page 4
  18. 18. Annual report, 16 Jun 2026, page 64
  19. 19. Annual report, 16 Jun 2026, page 53
  20. 20. Annual report, 16 Jun 2026, page 64
  21. 21. Exchange filing, 15 Oct 2026, page 5
  22. 22. Exchange filing, 15 Oct 2026, page 6
  23. 23. Earnings call, 15 Oct 2026, page 4
  24. 24. Earnings call, 15 Oct 2026, page 2
  25. 25. Earnings call, 15 Oct 2026, page 13
  26. 26. Annual report, 16 Jun 2026, page 165
  27. 27. Annual report, 16 Jun 2026, page 6
  28. 28. Annual report, 16 Jun 2026, page 6
  29. 29. Annual report, 16 Jun 2026, page 18
  30. 30. Earnings call, 15 Oct 2026, page 4
  31. 31. Annual report, 16 Jun 2026, page 6
  32. 32. Annual report, 16 Jun 2026, page 62
  33. 33. Annual report, 16 Jun 2026, page 6
  34. 34. Investor presentation, 15 Oct 2026, page 4
  35. 35. Annual report, 16 Jun 2026, page 27
  36. 36. Earnings call, 15 Oct 2026, page 3
  37. 37. Exchange filing, 30 Jun 2026, page 4
  38. 38. Exchange filing, 30 Jun 2026, page 2
  39. 39. Annual report, 16 Jun 2026, page 165
  40. 40. Annual report, 16 Jun 2026, page 165
  41. 41. Annual report, 16 Jun 2026, page 42
  42. 42. Annual report, 16 Jun 2026, page 54
  43. 43. Annual report, 16 Jun 2026, page 44
  44. 44. Annual report, 16 Jun 2026, page 53
  45. 45. Annual report, 16 Jun 2026, page 53
  46. 46. Annual report, 16 Jun 2026, page 179
  47. 47. Exchange filing, 15 Sep 2026, page 2
  48. 48. Earnings call, 15 Oct 2026, page 4
  49. 49. Exchange filing, 15 Sep 2026, page 1
  50. 50. Exchange filing, 21 Oct 2026, page 2

Results

Consolidated; ₹ crore.Tata Communications quarterly results

Revenue growth, 12 months
+9.1%
Net profit growth, 12 months
−33.1%

Quarter to Sep 2026, against the quarter before

Revenue
₹6,688 Crup 1.60%
Net profit
₹336 Crup 158.72%
Net margin
5.0%

Revenue by quarter

₹5,798 CrDec 24₹5,990 CrMar 25₹5,960 CrJun 25₹6,100 CrSep 25₹6,189 CrDec 25₹6,554 CrMar 26₹6,583 CrJun 26₹6,688 CrSep 26

Net profit by quarter, a loss in red

₹236 CrDec 24₹1,041 CrMar 25₹190 CrJun 25₹183 CrSep 25₹364 CrDec 25₹259 CrMar 26₹130 CrJun 26₹336 CrSep 26

The quarters either side of a change of basis do not compare. From the quarter to Mar 2025, the company reports a discontinued business.

₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue5,7985,9905,9606,1006,1896,5546,5836,688
Net profit2361,041190183364259130336
Net margin4.1%––3.0%5.9%4.0%2.0%5.0%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share. Net margin is left blank for Mar 2025 and Jun 2025: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Data Services₹21,441 Crup 9.46%85.7%
  • Voice Solutions₹1,561 Crdown 4.38%6.2%
  • Transformation Services₹959 Crdown 20.18%3.8%
  • Campaign Registry₹844 Crup 28.88%3.4%
  • Real Estate₹207 Cr0.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2020: days before it are of the company before the change.Tata Communications PE ratio and valuation

Price to earnings

At or below today's level on 58% of 1,792 trading days over the last 10 years.

LowestHighest
Its median31.74Industry median9.98
Price to book

At or below today's level on 4% of 1,239 trading days over the last 5 years.

LowestHighest
Its median29.74Industry median2.21
Dividend yield

At or below today's level on 59% of 2,413 trading days over the last 10 years.

LowestHighest
Its median0.98%Industry median1.16%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−13.3%−45.5%+56.6%1.3%
3 years+3.9%−17.7%+24.7%1.2%
5 years+6.3%−4.3%+9.6%1.4%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2025 and Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Tata Communications shareholding pattern

Shareholding by group

  • Promoters58.85%
  • Foreign institutions13.54%
  • Indian institutions20.21%
  • Individuals and others7.41%
Holder
Panatone Finvest LimitedPromoter44.78%
Tata Sons Private LimitedPromoter14.06%
Rekha JhunjhunwalaResident individuals, over ₹2 lakh at face value1.58%
Government Pension Fund GlobalForeign portfolio investors, category I1.50%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.01 pts, foreign institutions −0.21 pts, Indian institutions +0.35 pts, mutual funds −0.05 pts.

Mutual fund holdings

135 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 78 of the 93 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 135 funds holding Tata Communications

Bought for the first time
5
Added
52
Cut
41
Held unchanged
35
Sold out
3
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Tata Communications insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 4 pledge filings of unclear kind
  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Tata Communications competitors and peers

Telecom - Services, 28 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Tata Communications in market cap.Telecommunication sector stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Bharti Airtel logoBharti AirtelBHARTIARTL12,15,83942.058.16+19.6%−18.2%22.0%22.2%1.23%
Vodafone Idea logoVodafone IdeaIDEA1,28,4953.44–+3.3%––−2.4%0.00%
Indus Towers logoIndus TowersINDUSTOWER98,40313.852.49+5.3%−24.1%18.8%26.9%3.75%
Bharti Hexacom logoBharti HexacomBHARTIHEXA83,27045.6511.62+7.9%+32.8%27.9%28.1%1.08%
HFCL logoHFCLHFCL37,16542.836.58+101.0%+3,016.5%17.7%18.3%0.08%
Tata Teleservices (Maharashtra) logoTata Teleservices (Maharashtra)TTML7,66925.64–−0.9%––74.8%0.00%
Railtel Corporation of India logoRailtel Corporation of IndiaRAILTEL7,35921.743.12+22.6%+5.6%15.1%20.0%1.42%
Bondada Engineering logoBondada EngineeringBONDADA3,116––––––0.10%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Tata Communications dividend history

Dividend per share, ₹, restated for later splits and bonuses

6Mar 174.5Mar 184.5Mar 194Mar 2014Mar 2121Mar 2221Mar 2317Mar 2425Mar 2518Mar 26
Highest ₹25.00 a share, year to Mar 2025.
Ex-dateTypePer share
19 Jun 2026Final₹17.50
19 Jun 2025Final₹25.00
1 Jul 2024Final₹16.70
26 Jun 2023Final₹21.00
10 Jun 2022Final₹20.70
17 Jun 2021Final₹14.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Tata Communications announcements

Tata Communications share price by year

Each calendar year to 2025.Tata Communications share price history

YearClose at year endChangeHighest closeLowest close
20251,825.30+7.2%1,971.301,316.25
20241,703.40−3.8%2,158.751,668.25
20231,770.30+38.9%1,932.751,176.95
20221,274.45−13.0%1,557.70870.05
20211,464.45+33.0%1,513.25972.60
20201,100.70+177.3%1,100.70216.05
2019Demerger396.95−24.3%617.70278.25
2018524.30−23.1%680.65446.45
2017681.55+8.6%776.45587.95
2016627.60+44.0%680.05330.70
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. With the demerger of 17 Sep 2019 reinvested, the change in 2019 is +21.9%.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20261,700.001,731.001,681.801,713.501,712.121,88,31451.0%
26 Oct 20261,658.701,689.001,631.801,681.201,667.892,25,10048.1%
23 Oct 20261,673.301,674.001,605.101,654.401,636.843,02,48045.1%
22 Oct 20261,691.701,703.001,658.001,682.401,679.434,39,55355.4%
21 Oct 20261,718.001,738.401,663.001,691.701,685.612,83,59848.0%
19 Oct 20261,715.001,725.001,679.001,718.501,708.314,46,69145.2%
16 Oct 20261,769.001,777.001,715.001,742.801,751.4011,51,40036.7%
15 Oct 20261,667.501,866.001,643.101,763.701,792.9450,90,59612.4%
14 Oct 20261,672.401,698.701,650.001,658.901,673.031,38,73852.0%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Demerger and offer for sale history

Ex-dateEventPrice factorWhat happened
17 Sep 2019Demerger0.6209Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Ganapathy Subramaniam Natarajan
At the end of the quarter to Sep 2026
Managing director and CEO
Ganapathi S. Lakshminarayanan
At the end of the quarter to Sep 2026
NSE symbol
TATACOMM
BSE code
500483
ISIN
INE151A01013
Industry
Telecom - Services
Former symbols
VSNL
CIN
L64200MH1986PLC039266
Corporate identity number, the registrar of companies' code for it
Incorporated
1986
Registered office
VSB, Mahatma Gandhi Road, Fort, Mumbai 400001, Maharashtra
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments