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Tata Communications share price today

Tata Communications Ltd · NSE: TATACOMM · Telecom Services · price as of the 4 November 2026 close, updated every trading day · results updated weekly · research updated 15 October 2026

Tata Communications share price today: ₹1,754.60 at the NSE close on 4 November 2026, down 5.1% in a year. Tata Communications (NSE: TATACOMM) is worth ₹50,033 crore, trades at a P/E of 41.3 and has closed between ₹1,387.30 and ₹2,028.50 over the past 52 weeks. Latest change: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare).

Slowing from a peakBusiness trend from the last 12 quarters
₹1,754.60Price −5.1% in a year
41.3×P/E higher than 66% of the last 11 years
₹6,688 CrRevenue (Sep 2026) +9.6% on a year ago
₹336 CrProfit (Sep 2026) +83.6% on a year ago
21.0%Operating margin +2.0 points on a year ago
15%ROCE FY26
9.7%ROIC against a 12.0% cost of capital: −2.3 points

Tata Communications Ltd's share price has risen faster than its earnings: −5.1% in a year, against −45.5% for earnings per share.

The main question: the share price moved −5.1% in a year while yearly earnings per share moved −45.5%. The difference came from the market paying a higher multiple.

The price has been falling for 4 weeks, and the P/E is higher than 66% of its own last 11 years. Over the last four quarters, results have been improving, with profit +83.6% on a year earlier, and 278% of the last 3 years' profit came in as cash. What will decide it: whether earnings grow into a price that has already moved.

What is the Tata Communications share price today?

Tata Communications Ltd's share price was ₹1,754.60 at the close on 4 November 2026. It has been falling for 4 weeks. That is 1.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,387 and ₹2,029, and at that close it sat 57% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Tata Communications Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 2 weeks in a row.

1Y

Nov 2026: ₹1,755, 1.8% above its 200-day average. The price has been falling for 4 weeks.

  • Price ₹1,755
  • 50-day avg ₹1,710
  • 200-day avg ₹1,724
Nov 2026: ₹1,755, 1.8% above its 200-day average. The price has been falling for 4 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025₹1,875₹1,761₹1,699
7 Nov 2025₹1,849₹1,778₹1,706
14 Nov 2025₹1,874₹1,792₹1,713
21 Nov 2025₹1,921₹1,812₹1,723
28 Nov 2025₹1,815₹1,818₹1,728
5 Dec 2025₹1,838₹1,823₹1,734
12 Dec 2025₹1,799₹1,818₹1,737
19 Dec 2025₹1,825₹1,817₹1,741
26 Dec 2025₹1,778₹1,812₹1,743
2 Jan 2026₹1,790₹1,812₹1,746
9 Jan 2026₹1,742₹1,806₹1,748
16 Jan 2026₹1,755₹1,798₹1,748
23 Jan 2026₹1,560₹1,768₹1,742
1 Feb 2026₹1,605₹1,730₹1,733
6 Feb 2026₹1,553₹1,700₹1,725
13 Feb 2026₹1,657₹1,694₹1,722
20 Feb 2026₹1,687₹1,687₹1,719
27 Feb 2026₹1,598₹1,678₹1,715
6 Mar 2026₹1,457₹1,649₹1,706
13 Mar 2026₹1,398₹1,614₹1,694
20 Mar 2026₹1,417₹1,583₹1,681
27 Mar 2026₹1,398₹1,557₹1,671
2 Apr 2026₹1,387₹1,537₹1,662
10 Apr 2026₹1,509₹1,521₹1,652
17 Apr 2026₹1,521₹1,524₹1,647
24 Apr 2026₹1,521₹1,525₹1,642
30 Apr 2026₹1,581₹1,535₹1,640
8 May 2026₹1,592₹1,543₹1,637
15 May 2026₹1,680₹1,554₹1,635
22 May 2026₹1,964₹1,598₹1,643
29 May 2026₹1,965₹1,653₹1,656
4 Jun 2026₹1,986₹1,696₹1,667
5 Jun 2026₹1,973₹1,707₹1,670
9 Jun 2026₹1,976₹1,725₹1,675
10 Jun 2026₹1,979₹1,735₹1,678
12 Jun 2026₹1,967₹1,753₹1,684
17 Jun 2026₹1,900₹1,771₹1,691
19 Jun 2026₹1,989₹1,786₹1,696
24 Jun 2026₹2,029₹1,814₹1,706
25 Jun 2026₹1,992₹1,821₹1,709
1 Jul 2026₹1,912₹1,837₹1,716
3 Jul 2026₹1,907₹1,843₹1,721
10 Jul 2026₹1,856₹1,850₹1,728
17 Jul 2026₹1,817₹1,848₹1,734
24 Jul 2026₹1,775₹1,839₹1,737
31 Jul 2026₹1,756₹1,825₹1,738
7 Aug 2026₹1,755₹1,813₹1,739
14 Aug 2026₹1,718₹1,799₹1,739
21 Aug 2026₹1,655₹1,777₹1,736
28 Aug 2026₹1,695₹1,761₹1,734
4 Sep 2026₹1,756₹1,754₹1,733
11 Sep 2026₹1,762₹1,755₹1,734
18 Sep 2026₹1,780₹1,759₹1,736
25 Sep 2026₹1,667₹1,746₹1,734
1 Oct 2026₹1,683₹1,734₹1,731
9 Oct 2026₹1,657₹1,722₹1,728
16 Oct 2026₹1,743₹1,719₹1,727
23 Oct 2026₹1,654₹1,714₹1,725
30 Oct 2026₹1,675₹1,710₹1,724
4 Nov 2026₹1,755₹1,710₹1,724
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: ₹1,755, 1.8% above its 200-day average. The price has been falling for 4 weeks.

  • Price ₹1,755
  • 50-day avg ₹1,710
  • 200-day avg ₹1,724
Nov 2026: ₹1,755, 1.8% above its 200-day average. The price has been falling for 4 weeks.
WeekPrice50-day avg200-day avg
3 Nov 2023₹1,704₹1,750₹1,559
12 Nov 2023₹1,709₹1,743₹1,568
17 Nov 2023₹1,706₹1,737₹1,573
24 Nov 2023₹1,724₹1,733₹1,580
1 Dec 2023₹1,660₹1,726₹1,584
8 Dec 2023₹1,695₹1,719₹1,589
15 Dec 2023₹1,813₹1,724₹1,597
22 Dec 2023₹1,730₹1,729₹1,604
29 Dec 2023₹1,770₹1,734₹1,611
5 Jan 2024₹1,758₹1,738₹1,618
12 Jan 2024₹1,744₹1,736₹1,623
20 Jan 2024₹1,740₹1,736₹1,630
25 Jan 2024₹1,717₹1,734₹1,632
2 Feb 2024₹1,699₹1,730₹1,636
9 Feb 2024₹1,761₹1,728₹1,640
16 Feb 2024₹1,812₹1,734₹1,646
23 Feb 2024₹1,825₹1,749₹1,654
2 Mar 2024₹1,914₹1,783₹1,669
7 Mar 2024₹2,012₹1,814₹1,682
15 Mar 2024₹1,935₹1,837₹1,694
22 Mar 2024₹1,923₹1,851₹1,705
28 Mar 2024₹2,010₹1,866₹1,713
5 Apr 2024₹2,062₹1,900₹1,730
12 Apr 2024₹1,945₹1,914₹1,740
19 Apr 2024₹1,755₹1,904₹1,745
26 Apr 2024₹1,757₹1,875₹1,745
3 May 2024₹1,722₹1,854₹1,744
10 May 2024₹1,742₹1,832₹1,744
18 May 2024₹1,808₹1,822₹1,746
24 May 2024₹1,839₹1,823₹1,749
31 May 2024₹1,778₹1,817₹1,751
7 Jun 2024₹1,813₹1,807₹1,751
14 Jun 2024₹1,868₹1,819₹1,758
21 Jun 2024₹1,846₹1,824₹1,761
28 Jun 2024₹1,854₹1,829₹1,766
5 Jul 2024₹1,888₹1,838₹1,771
12 Jul 2024₹1,860₹1,842₹1,775
19 Jul 2024₹1,788₹1,842₹1,778
26 Jul 2024₹1,886₹1,840₹1,781
2 Aug 2024₹1,951₹1,858₹1,788
9 Aug 2024₹1,888₹1,860₹1,792
16 Aug 2024₹1,865₹1,859₹1,795
23 Aug 2024₹1,907₹1,866₹1,799
30 Aug 2024₹1,962₹1,880₹1,806
6 Sep 2024₹1,941₹1,895₹1,814
13 Sep 2024₹2,060₹1,914₹1,823
20 Sep 2024₹1,968₹1,930₹1,832
27 Sep 2024₹2,126₹1,959₹1,844
4 Oct 2024₹2,082₹1,984₹1,855
11 Oct 2024₹1,964₹1,981₹1,861
18 Oct 2024₹1,873₹1,966₹1,863
25 Oct 2024₹1,778₹1,936₹1,860
1 Nov 2024₹1,791₹1,908₹1,856
8 Nov 2024₹1,775₹1,885₹1,852
14 Nov 2024₹1,750₹1,866₹1,849
22 Nov 2024₹1,738₹1,846₹1,844
29 Nov 2024₹1,755₹1,830₹1,840
6 Dec 2024₹1,788₹1,825₹1,838
13 Dec 2024₹1,841₹1,824₹1,837
20 Dec 2024₹1,710₹1,817₹1,835
27 Dec 2024₹1,714₹1,803₹1,830
3 Jan 2025₹1,737₹1,788₹1,825
10 Jan 2025₹1,719₹1,772₹1,819
17 Jan 2025₹1,698₹1,756₹1,812
24 Jan 2025₹1,629₹1,741₹1,805
1 Feb 2025₹1,617₹1,708₹1,793
7 Feb 2025₹1,606₹1,687₹1,783
14 Feb 2025₹1,503₹1,658₹1,770
21 Feb 2025₹1,450₹1,627₹1,756
28 Feb 2025₹1,353₹1,592₹1,742
7 Mar 2025₹1,384₹1,551₹1,724
13 Mar 2025₹1,504₹1,539₹1,714
21 Mar 2025₹1,610₹1,543₹1,706
28 Mar 2025₹1,578₹1,552₹1,701
4 Apr 2025₹1,598₹1,559₹1,697
11 Apr 2025₹1,564₹1,559₹1,691
17 Apr 2025₹1,565₹1,562₹1,688
25 Apr 2025₹1,570₹1,566₹1,683
2 May 2025₹1,559₹1,568₹1,679
9 May 2025₹1,516₹1,563₹1,672
16 May 2025₹1,632₹1,569₹1,669
23 May 2025₹1,675₹1,585₹1,668
30 May 2025₹1,676₹1,604₹1,669
6 Jun 2025₹1,713₹1,619₹1,670
13 Jun 2025₹1,706₹1,637₹1,672
20 Jun 2025₹1,655₹1,646₹1,673
27 Jun 2025₹1,679₹1,649₹1,673
4 Jul 2025₹1,762₹1,668₹1,676
11 Jul 2025₹1,712₹1,683₹1,680
18 Jul 2025₹1,764₹1,692₹1,683
25 Jul 2025₹1,729₹1,701₹1,686
1 Aug 2025₹1,667₹1,704₹1,687
8 Aug 2025₹1,655₹1,699₹1,687
14 Aug 2025₹1,695₹1,693₹1,685
22 Aug 2025₹1,605₹1,682₹1,683
29 Aug 2025₹1,549₹1,665₹1,678
5 Sep 2025₹1,550₹1,645₹1,673
12 Sep 2025₹1,614₹1,635₹1,668
19 Sep 2025₹1,684₹1,645₹1,669
26 Sep 2025₹1,614₹1,645₹1,668
3 Oct 2025₹1,614₹1,640₹1,666
10 Oct 2025₹1,870₹1,655₹1,669
17 Oct 2025₹1,927₹1,700₹1,680
24 Oct 2025₹1,896₹1,729₹1,688
31 Oct 2025₹1,875₹1,761₹1,699
7 Nov 2025₹1,849₹1,778₹1,706
14 Nov 2025₹1,874₹1,792₹1,713
21 Nov 2025₹1,921₹1,812₹1,723
28 Nov 2025₹1,815₹1,818₹1,728
5 Dec 2025₹1,838₹1,823₹1,734
12 Dec 2025₹1,799₹1,818₹1,737
19 Dec 2025₹1,825₹1,817₹1,741
26 Dec 2025₹1,778₹1,812₹1,743
2 Jan 2026₹1,790₹1,812₹1,746
9 Jan 2026₹1,742₹1,806₹1,748
16 Jan 2026₹1,755₹1,798₹1,748
23 Jan 2026₹1,560₹1,768₹1,742
1 Feb 2026₹1,605₹1,730₹1,733
6 Feb 2026₹1,553₹1,700₹1,725
13 Feb 2026₹1,657₹1,694₹1,722
20 Feb 2026₹1,687₹1,687₹1,719
27 Feb 2026₹1,598₹1,678₹1,715
6 Mar 2026₹1,457₹1,649₹1,706
13 Mar 2026₹1,398₹1,614₹1,694
20 Mar 2026₹1,417₹1,583₹1,681
27 Mar 2026₹1,398₹1,557₹1,671
2 Apr 2026₹1,387₹1,537₹1,662
10 Apr 2026₹1,509₹1,521₹1,652
17 Apr 2026₹1,521₹1,524₹1,647
24 Apr 2026₹1,521₹1,525₹1,642
30 Apr 2026₹1,581₹1,535₹1,640
8 May 2026₹1,592₹1,543₹1,637
15 May 2026₹1,680₹1,554₹1,635
22 May 2026₹1,964₹1,598₹1,643
29 May 2026₹1,965₹1,653₹1,656
4 Jun 2026₹1,986₹1,696₹1,667
5 Jun 2026₹1,973₹1,707₹1,670
9 Jun 2026₹1,976₹1,725₹1,675
10 Jun 2026₹1,979₹1,735₹1,678
12 Jun 2026₹1,967₹1,753₹1,684
17 Jun 2026₹1,900₹1,771₹1,691
19 Jun 2026₹1,989₹1,786₹1,696
24 Jun 2026₹2,029₹1,814₹1,706
25 Jun 2026₹1,992₹1,821₹1,709
1 Jul 2026₹1,912₹1,837₹1,716
3 Jul 2026₹1,907₹1,843₹1,721
10 Jul 2026₹1,856₹1,850₹1,728
17 Jul 2026₹1,817₹1,848₹1,734
24 Jul 2026₹1,775₹1,839₹1,737
31 Jul 2026₹1,756₹1,825₹1,738
7 Aug 2026₹1,755₹1,813₹1,739
14 Aug 2026₹1,718₹1,799₹1,739
21 Aug 2026₹1,655₹1,777₹1,736
28 Aug 2026₹1,695₹1,761₹1,734
4 Sep 2026₹1,756₹1,754₹1,733
11 Sep 2026₹1,762₹1,755₹1,734
18 Sep 2026₹1,780₹1,759₹1,736
25 Sep 2026₹1,667₹1,746₹1,734
1 Oct 2026₹1,683₹1,734₹1,731
9 Oct 2026₹1,657₹1,722₹1,728
16 Oct 2026₹1,743₹1,719₹1,727
23 Oct 2026₹1,654₹1,714₹1,725
30 Oct 2026₹1,675₹1,710₹1,724
4 Nov 2026₹1,755₹1,710₹1,724
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

5Y

Nov 2026: ₹1,755, 1.8% above its 200-day average. The price has been falling for 4 weeks.

  • Price ₹1,755
  • 50-day avg ₹1,710
  • 200-day avg ₹1,724
Nov 2026: ₹1,755, 1.8% above its 200-day average. The price has been falling for 4 weeks.
WeekPrice50-day avg200-day avg
29 Oct 2021₹1,307₹1,395₹1,242
12 Nov 2021₹1,226₹1,355₹1,244
26 Nov 2021₹1,298₹1,323₹1,245
10 Dec 2021₹1,392₹1,323₹1,252
24 Dec 2021₹1,376₹1,344₹1,265
7 Jan 2022₹1,463₹1,374₹1,281
21 Jan 2022₹1,374₹1,415₹1,301
4 Feb 2022₹1,312₹1,378₹1,301
18 Feb 2022₹1,237₹1,339₹1,297
4 Mar 2022₹1,144₹1,291₹1,287
17 Mar 2022₹1,157₹1,248₹1,275
1 Apr 2022₹1,239₹1,225₹1,266
13 Apr 2022₹1,303₹1,245₹1,268
29 Apr 2022₹1,095₹1,224₹1,260
13 May 2022₹965₹1,159₹1,239
27 May 2022₹979₹1,097₹1,214
10 Jun 2022₹949₹1,050₹1,189
24 Jun 2022₹922₹999₹1,161
8 Jul 2022₹975₹982₹1,141
22 Jul 2022₹1,056₹990₹1,128
5 Aug 2022₹1,101₹1,012₹1,121
19 Aug 2022₹1,125₹1,034₹1,119
2 Sep 2022₹1,246₹1,080₹1,124
16 Sep 2022₹1,204₹1,133₹1,135
30 Sep 2022₹1,151₹1,142₹1,138
14 Oct 2022₹1,164₹1,155₹1,142
28 Oct 2022₹1,239₹1,175₹1,149
11 Nov 2022₹1,314₹1,211₹1,161
25 Nov 2022₹1,296₹1,240₹1,174
9 Dec 2022₹1,269₹1,258₹1,186
23 Dec 2022₹1,210₹1,270₹1,196
6 Jan 2023₹1,327₹1,279₹1,206
20 Jan 2023₹1,346₹1,311₹1,222
3 Feb 2023₹1,227₹1,295₹1,225
17 Feb 2023₹1,240₹1,277₹1,227
3 Mar 2023₹1,198₹1,254₹1,225
17 Mar 2023₹1,185₹1,235₹1,222
31 Mar 2023₹1,246₹1,230₹1,222
13 Apr 2023₹1,266₹1,239₹1,225
28 Apr 2023₹1,270₹1,239₹1,226
12 May 2023₹1,254₹1,244₹1,229
26 May 2023₹1,271₹1,245₹1,230
9 Jun 2023₹1,470₹1,288₹1,243
23 Jun 2023₹1,561₹1,388₹1,277
7 Jul 2023₹1,550₹1,441₹1,301
21 Jul 2023₹1,590₹1,494₹1,330
4 Aug 2023₹1,686₹1,564₹1,366
18 Aug 2023₹1,694₹1,603₹1,394
1 Sep 2023₹1,852₹1,668₹1,432
15 Sep 2023₹1,928₹1,743₹1,476
29 Sep 2023₹1,933₹1,786₹1,511
13 Oct 2023₹1,809₹1,802₹1,540
27 Oct 2023₹1,608₹1,766₹1,552
12 Nov 2023₹1,709₹1,743₹1,568
24 Nov 2023₹1,724₹1,733₹1,580
8 Dec 2023₹1,695₹1,719₹1,589
22 Dec 2023₹1,730₹1,729₹1,604
5 Jan 2024₹1,758₹1,738₹1,618
20 Jan 2024₹1,740₹1,736₹1,630
2 Feb 2024₹1,699₹1,730₹1,636
16 Feb 2024₹1,812₹1,734₹1,646
2 Mar 2024₹1,914₹1,783₹1,669
15 Mar 2024₹1,935₹1,837₹1,694
28 Mar 2024₹2,010₹1,866₹1,713
12 Apr 2024₹1,945₹1,914₹1,740
26 Apr 2024₹1,757₹1,875₹1,745
10 May 2024₹1,742₹1,832₹1,744
24 May 2024₹1,839₹1,823₹1,749
7 Jun 2024₹1,813₹1,807₹1,751
21 Jun 2024₹1,846₹1,824₹1,761
5 Jul 2024₹1,888₹1,838₹1,771
19 Jul 2024₹1,788₹1,842₹1,778
2 Aug 2024₹1,951₹1,858₹1,788
16 Aug 2024₹1,865₹1,859₹1,795
30 Aug 2024₹1,962₹1,880₹1,806
13 Sep 2024₹2,060₹1,914₹1,823
27 Sep 2024₹2,126₹1,959₹1,844
11 Oct 2024₹1,964₹1,981₹1,861
25 Oct 2024₹1,778₹1,936₹1,860
8 Nov 2024₹1,775₹1,885₹1,852
22 Nov 2024₹1,738₹1,846₹1,844
6 Dec 2024₹1,788₹1,825₹1,838
20 Dec 2024₹1,710₹1,817₹1,835
3 Jan 2025₹1,737₹1,788₹1,825
17 Jan 2025₹1,698₹1,756₹1,812
1 Feb 2025₹1,617₹1,708₹1,793
14 Feb 2025₹1,503₹1,658₹1,770
28 Feb 2025₹1,353₹1,592₹1,742
13 Mar 2025₹1,504₹1,539₹1,714
28 Mar 2025₹1,578₹1,552₹1,701
11 Apr 2025₹1,564₹1,559₹1,691
25 Apr 2025₹1,570₹1,566₹1,683
9 May 2025₹1,516₹1,563₹1,672
23 May 2025₹1,675₹1,585₹1,668
6 Jun 2025₹1,713₹1,619₹1,670
20 Jun 2025₹1,655₹1,646₹1,673
4 Jul 2025₹1,762₹1,668₹1,676
18 Jul 2025₹1,764₹1,692₹1,683
1 Aug 2025₹1,667₹1,704₹1,687
14 Aug 2025₹1,695₹1,693₹1,685
29 Aug 2025₹1,549₹1,665₹1,678
12 Sep 2025₹1,614₹1,635₹1,668
26 Sep 2025₹1,614₹1,645₹1,668
10 Oct 2025₹1,870₹1,655₹1,669
24 Oct 2025₹1,896₹1,729₹1,688
7 Nov 2025₹1,849₹1,778₹1,706
21 Nov 2025₹1,921₹1,812₹1,723
5 Dec 2025₹1,838₹1,823₹1,734
19 Dec 2025₹1,825₹1,817₹1,741
2 Jan 2026₹1,790₹1,812₹1,746
16 Jan 2026₹1,755₹1,798₹1,748
1 Feb 2026₹1,605₹1,730₹1,733
13 Feb 2026₹1,657₹1,694₹1,722
27 Feb 2026₹1,598₹1,678₹1,715
13 Mar 2026₹1,398₹1,614₹1,694
27 Mar 2026₹1,398₹1,557₹1,671
10 Apr 2026₹1,509₹1,521₹1,652
24 Apr 2026₹1,521₹1,525₹1,642
8 May 2026₹1,592₹1,543₹1,637
22 May 2026₹1,964₹1,598₹1,643
4 Jun 2026₹1,986₹1,696₹1,667
9 Jun 2026₹1,976₹1,725₹1,675
12 Jun 2026₹1,967₹1,753₹1,684
19 Jun 2026₹1,989₹1,786₹1,696
25 Jun 2026₹1,992₹1,821₹1,709
3 Jul 2026₹1,907₹1,843₹1,721
17 Jul 2026₹1,817₹1,848₹1,734
31 Jul 2026₹1,756₹1,825₹1,738
14 Aug 2026₹1,718₹1,799₹1,739
28 Aug 2026₹1,695₹1,761₹1,734
11 Sep 2026₹1,762₹1,755₹1,734
25 Sep 2026₹1,667₹1,746₹1,734
9 Oct 2026₹1,657₹1,722₹1,728
23 Oct 2026₹1,654₹1,714₹1,725
4 Nov 2026₹1,755₹1,710₹1,724
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 5-year window.

10Y

Nov 2026: ₹1,755, 1.8% above its 200-day average. The price has been falling for 4 weeks.

  • Price ₹1,755
  • 50-day avg ₹1,710
  • 200-day avg ₹1,724
Nov 2026: ₹1,755, 1.8% above its 200-day average. The price has been falling for 4 weeks.
WeekPrice50-day avg200-day avg
30 Oct 2016₹396₹358₹302
18 Nov 2016₹381₹369₹312
9 Dec 2016₹400₹383₹324
30 Dec 2016₹392₹386₹334
20 Jan 2017₹421₹396₹344
10 Feb 2017₹469₹424₹359
3 Mar 2017₹465₹441₹373
24 Mar 2017₹455₹452₹385
13 Apr 2017₹444₹450₹393
5 May 2017₹401₹446₹399
26 May 2017₹409₹433₹401
16 Jun 2017₹459₹445₹410
7 Jul 2017₹417₹445₹414
28 Jul 2017₹421₹432₹415
18 Aug 2017₹401₹416₹412
8 Sep 2017₹414₹412₹411
29 Sep 2017₹428₹421₹414
19 Oct 2017₹439₹427₹417
10 Nov 2017₹438₹428₹419
1 Dec 2017₹425₹430₹421
22 Dec 2017₹424₹429₹422
12 Jan 2018₹423₹426₹422
2 Feb 2018₹385₹412₹418
23 Feb 2018₹399₹404₹415
16 Mar 2018₹390₹400₹412
6 Apr 2018₹409₹399₹410
27 Apr 2018₹388₹397₹408
18 May 2018₹381₹393₹405
8 Jun 2018₹377₹388₹402
29 Jun 2018₹370₹382₹399
20 Jul 2018₹345₹374₹394
10 Aug 2018₹355₹368₹389
31 Aug 2018₹337₹359₹384
21 Sep 2018₹312₹345₹377
12 Oct 2018₹303₹328₹368
2 Nov 2018₹306₹314₹358
22 Nov 2018₹329₹319₹354
14 Dec 2018₹333₹323₹350
4 Jan 2019₹332₹326₹348
25 Jan 2019₹308₹325₹344
15 Feb 2019₹310₹317₹339
8 Mar 2019₹383₹334₹341
29 Mar 2019₹383₹353₹346
18 Apr 2019₹357₹359₹349
10 May 2019₹348₹356₹349
31 May 2019₹338₹349₹348
21 Jun 2019₹304₹335₹344
12 Jul 2019₹306₹318₹337
2 Aug 2019₹292₹309₹332
23 Aug 2019₹263₹297₹326
13 Sep 2019₹267₹284₹318
4 Oct 2019₹366₹310₹321
27 Oct 2019₹356₹331₹326
15 Nov 2019₹353₹343₹330
6 Dec 2019₹395₹366₹339
27 Dec 2019₹391₹377₹346
17 Jan 2020₹436₹395₹355
7 Feb 2020₹413₹410₹366
28 Feb 2020₹361₹400₹369
20 Mar 2020₹237₹351₹359
9 Apr 2020₹288₹309₹346
30 Apr 2020₹431₹336₹349
22 May 2020₹498₹387₹363
12 Jun 2020₹485₹426₹378
3 Jul 2020₹622₹502₹408
24 Jul 2020₹636₹575₹443
14 Aug 2020₹813₹670₹490
4 Sep 2020₹907₹766₹545
25 Sep 2020₹819₹805₹588
16 Oct 2020₹876₹827₹623
6 Nov 2020₹995₹880₹668
27 Nov 2020₹1,062₹946₹717
18 Dec 2020₹999₹983₹759
8 Jan 2021₹1,061₹1,020₹799
29 Jan 2021₹1,006₹1,033₹832
19 Feb 2021₹1,003₹1,030₹859
12 Mar 2021₹1,292₹1,102₹902
1 Apr 2021₹1,123₹1,115₹931
23 Apr 2021₹1,139₹1,114₹953
14 May 2021₹1,084₹1,109₹973
4 Jun 2021₹1,141₹1,098₹988
25 Jun 2021₹1,289₹1,178₹1,028
16 Jul 2021₹1,361₹1,255₹1,072
6 Aug 2021₹1,482₹1,332₹1,118
27 Aug 2021₹1,388₹1,361₹1,155
17 Sep 2021₹1,407₹1,369₹1,185
8 Oct 2021₹1,458₹1,398₹1,219
29 Oct 2021₹1,307₹1,395₹1,242
18 Nov 2021₹1,260₹1,337₹1,244
10 Dec 2021₹1,392₹1,323₹1,252
31 Dec 2021₹1,464₹1,355₹1,271
21 Jan 2022₹1,374₹1,415₹1,301
11 Feb 2022₹1,255₹1,360₹1,300
4 Mar 2022₹1,144₹1,291₹1,287
25 Mar 2022₹1,166₹1,232₹1,270
13 Apr 2022₹1,303₹1,245₹1,268
6 May 2022₹1,038₹1,197₹1,252
27 May 2022₹979₹1,097₹1,214
17 Jun 2022₹870₹1,022₹1,175
8 Jul 2022₹975₹982₹1,141
29 Jul 2022₹1,046₹999₹1,123
19 Aug 2022₹1,125₹1,034₹1,119
9 Sep 2022₹1,250₹1,111₹1,130
30 Sep 2022₹1,151₹1,142₹1,138
21 Oct 2022₹1,212₹1,165₹1,146
11 Nov 2022₹1,314₹1,211₹1,161
2 Dec 2022₹1,322₹1,251₹1,181
23 Dec 2022₹1,210₹1,270₹1,196
13 Jan 2023₹1,377₹1,298₹1,214
3 Feb 2023₹1,227₹1,295₹1,225
24 Feb 2023₹1,203₹1,266₹1,227
17 Mar 2023₹1,185₹1,235₹1,222
6 Apr 2023₹1,260₹1,234₹1,223
28 Apr 2023₹1,270₹1,239₹1,226
19 May 2023₹1,233₹1,243₹1,229
9 Jun 2023₹1,470₹1,288₹1,243
30 Jun 2023₹1,595₹1,417₹1,289
21 Jul 2023₹1,590₹1,494₹1,330
11 Aug 2023₹1,680₹1,586₹1,381
1 Sep 2023₹1,852₹1,668₹1,432
22 Sep 2023₹1,876₹1,764₹1,492
13 Oct 2023₹1,809₹1,802₹1,540
3 Nov 2023₹1,704₹1,750₹1,559
24 Nov 2023₹1,724₹1,733₹1,580
15 Dec 2023₹1,813₹1,724₹1,597
5 Jan 2024₹1,758₹1,738₹1,618
25 Jan 2024₹1,717₹1,734₹1,632
16 Feb 2024₹1,812₹1,734₹1,646
7 Mar 2024₹2,012₹1,814₹1,682
28 Mar 2024₹2,010₹1,866₹1,713
19 Apr 2024₹1,755₹1,904₹1,745
10 May 2024₹1,742₹1,832₹1,744
31 May 2024₹1,778₹1,817₹1,751
21 Jun 2024₹1,846₹1,824₹1,761
12 Jul 2024₹1,860₹1,842₹1,775
2 Aug 2024₹1,951₹1,858₹1,788
23 Aug 2024₹1,907₹1,866₹1,799
13 Sep 2024₹2,060₹1,914₹1,823
4 Oct 2024₹2,082₹1,984₹1,855
25 Oct 2024₹1,778₹1,936₹1,860
14 Nov 2024₹1,750₹1,866₹1,849
6 Dec 2024₹1,788₹1,825₹1,838
27 Dec 2024₹1,714₹1,803₹1,830
17 Jan 2025₹1,698₹1,756₹1,812
7 Feb 2025₹1,606₹1,687₹1,783
28 Feb 2025₹1,353₹1,592₹1,742
21 Mar 2025₹1,610₹1,543₹1,706
11 Apr 2025₹1,564₹1,559₹1,691
2 May 2025₹1,559₹1,568₹1,679
23 May 2025₹1,675₹1,585₹1,668
13 Jun 2025₹1,706₹1,637₹1,672
4 Jul 2025₹1,762₹1,668₹1,676
25 Jul 2025₹1,729₹1,701₹1,686
14 Aug 2025₹1,695₹1,693₹1,685
5 Sep 2025₹1,550₹1,645₹1,673
26 Sep 2025₹1,614₹1,645₹1,668
17 Oct 2025₹1,927₹1,700₹1,680
7 Nov 2025₹1,849₹1,778₹1,706
28 Nov 2025₹1,815₹1,818₹1,728
19 Dec 2025₹1,825₹1,817₹1,741
9 Jan 2026₹1,742₹1,806₹1,748
1 Feb 2026₹1,605₹1,730₹1,733
20 Feb 2026₹1,687₹1,687₹1,719
13 Mar 2026₹1,398₹1,614₹1,694
2 Apr 2026₹1,387₹1,537₹1,662
24 Apr 2026₹1,521₹1,525₹1,642
15 May 2026₹1,680₹1,554₹1,635
4 Jun 2026₹1,986₹1,696₹1,667
10 Jun 2026₹1,979₹1,735₹1,678
19 Jun 2026₹1,989₹1,786₹1,696
1 Jul 2026₹1,912₹1,837₹1,716
17 Jul 2026₹1,817₹1,848₹1,734
7 Aug 2026₹1,755₹1,813₹1,739
28 Aug 2026₹1,695₹1,761₹1,734
18 Sep 2026₹1,780₹1,759₹1,736
9 Oct 2026₹1,657₹1,722₹1,728
30 Oct 2026₹1,675₹1,710₹1,724
4 Nov 2026₹1,755₹1,710₹1,724
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 10-year window.

Price stage: Rising from Oct 2025 to Feb 2026; Falling from Feb 2026 to Jun 2026; Rising from Jun 2026 to Oct 2026; Falling in Oct 2026.

Price stage: Rising from Nov 2023 to Dec 2024; Falling from Dec 2024 to Jul 2025; Sideways in Jul 2025; Rising from Aug 2025 to Sep 2025; Falling from Sep 2025 to Nov 2025; Rising from Nov 2025 to Feb 2026; Falling from Feb 2026 to Jun 2026; Rising from Jun 2026 to Oct 2026; Falling in Oct 2026.

Price stage: Rising from Oct 2021 to Mar 2022; Falling from Apr 2022 to Sep 2022; Rising from Oct 2022 to Mar 2023; Sideways from Apr 2023 to May 2023; Rising from Jun 2023 to Dec 2024; Falling from Dec 2024 to Jul 2025; Rising from Aug 2025 to Sep 2025; Falling from Sep 2025 to Nov 2025; Rising from Nov 2025 to Feb 2026; Falling from Feb 2026 to Jun 2026; Rising from Jun 2026 to Oct 2026.

Price stage: Rising from Oct 2016 to Feb 2018; Falling from Feb 2018 to Mar 2019; Rising from Apr 2019 to May 2019; Falling from Jun 2019 to Nov 2019; Rising from Dec 2019 to Mar 2020; Falling from Apr 2020 to May 2020; Rising from Jun 2020 to Mar 2022; Falling from Mar 2022 to Sep 2022; Rising from Oct 2022 to Mar 2023; Sideways from Apr 2023 to May 2023; Rising from Jun 2023 to Dec 2024; Falling from Dec 2024 to Nov 2025; Rising from Nov 2025 to Feb 2026; Falling from Feb 2026 to Jun 2026; Rising from Jul 2026 to Oct 2026.

Week by week since 2016: did it beat the NIFTY 500 over the past 13 weeks?

Ahead in 265 of 550 weeks

Week by week since 2016: did it beat the NIFTY 500 over the past 13 weeks?
Week13-week return vs NIFTY 500
11 Mar 2016no NIFTY 500 reading
18 Mar 2016no NIFTY 500 reading
23 Mar 2016no NIFTY 500 reading
1 Apr 2016no NIFTY 500 reading
8 Apr 2016no NIFTY 500 reading
13 Apr 2016no NIFTY 500 reading
22 Apr 2016no NIFTY 500 reading
29 Apr 2016no NIFTY 500 reading
6 May 2016no NIFTY 500 reading
13 May 2016no NIFTY 500 reading
20 May 2016no NIFTY 500 reading
27 May 2016no NIFTY 500 reading
3 Jun 2016no NIFTY 500 reading
10 Jun 2016+14.0%
17 Jun 2016+16.1%
24 Jun 2016+12.3%
1 Jul 2016+14.1%
8 Jul 2016+15.4%
15 Jul 2016+6.2%
22 Jul 2016+3.6%
29 Jul 2016−4.9%
5 Aug 2016−3.7%
12 Aug 2016−1.7%
19 Aug 2016+1.7%
26 Aug 2016+4.3%
2 Sep 2016+6.9%
9 Sep 2016+6.5%
16 Sep 2016+2.2%
23 Sep 2016+9.9%
30 Sep 2016+10.8%
7 Oct 2016+22.7%
14 Oct 2016+36.4%
21 Oct 2016+45.2%
30 Oct 2016+43.8%
4 Nov 2016+37.7%
11 Nov 2016+35.9%
18 Nov 2016+27.6%
25 Nov 2016+27.1%
2 Dec 2016+29.9%
9 Dec 2016+31.0%
16 Dec 2016+37.8%
23 Dec 2016+26.5%
30 Dec 2016+18.0%
6 Jan 2017+7.8%
13 Jan 2017+6.2%
20 Jan 2017−0.1%
27 Jan 2017+10.0%
3 Feb 2017+15.7%
10 Feb 2017+11.7%
17 Feb 2017+11.2%
23 Feb 2017+6.8%
3 Mar 2017+7.8%
10 Mar 2017+5.2%
17 Mar 2017+4.1%
24 Mar 2017+0.6%
31 Mar 2017−0.1%
7 Apr 2017+0.4%
13 Apr 2017−4.6%
21 Apr 2017−6.3%
28 Apr 2017−9.6%
5 May 2017−23.7%
12 May 2017−22.1%
19 May 2017−15.2%
26 May 2017−19.3%
2 Jun 2017−10.6%
9 Jun 2017−5.3%
16 Jun 2017−11.4%
23 Jun 2017−5.1%
30 Jun 2017−4.3%
7 Jul 2017−12.4%
14 Jul 2017−13.7%
21 Jul 2017−13.5%
28 Jul 2017−13.3%
4 Aug 2017−3.8%
11 Aug 2017−15.4%
18 Aug 2017−10.8%
24 Aug 2017−5.9%
1 Sep 2017−12.7%
8 Sep 2017−18.7%
15 Sep 2017−9.5%
22 Sep 2017−8.8%
29 Sep 2017−8.2%
6 Oct 2017+3.7%
13 Oct 2017−0.7%
19 Oct 2017+3.7%
27 Oct 2017−7.8%
3 Nov 2017+1.9%
10 Nov 2017+15.3%
17 Nov 2017+2.1%
24 Nov 2017+1.3%
1 Dec 2017−1.0%
8 Dec 2017−0.2%
15 Dec 2017−7.8%
22 Dec 2017−11.0%
29 Dec 2017−9.0%
5 Jan 2018−14.7%
12 Jan 2018−9.8%
19 Jan 2018−18.5%
25 Jan 2018−10.6%
2 Feb 2018−11.5%
9 Feb 2018−12.9%
16 Feb 2018−8.4%
23 Feb 2018−8.0%
1 Mar 2018−5.6%
9 Mar 2018−9.3%
16 Mar 2018−4.7%
23 Mar 2018−3.5%
28 Mar 2018−4.1%
6 Apr 2018+1.6%
13 Apr 2018−2.4%
20 Apr 2018+4.4%
27 Apr 2018+2.9%
4 May 2018−2.3%
11 May 2018−0.3%
18 May 2018−3.6%
25 May 2018−1.1%
1 Jun 2018−8.7%
8 Jun 2018−5.1%
15 Jun 2018−5.8%
22 Jun 2018−4.9%
29 Jun 2018−6.9%
6 Jul 2018−11.0%
13 Jul 2018−4.9%
20 Jul 2018−13.2%
27 Jul 2018−10.7%
3 Aug 2018−8.4%
10 Aug 2018−14.9%
17 Aug 2018−18.0%
24 Aug 2018−21.9%
31 Aug 2018−16.3%
7 Sep 2018−15.6%
14 Sep 2018−16.7%
21 Sep 2018−18.9%
28 Sep 2018−14.1%
5 Oct 2018−13.5%
12 Oct 2018−13.9%
19 Oct 2018−8.2%
26 Oct 2018−12.2%
2 Nov 2018−8.0%
9 Nov 2018−1.4%
16 Nov 2018+8.4%
22 Nov 2018+7.1%
30 Nov 2018+7.2%
7 Dec 2018+5.6%
14 Dec 2018+4.3%
21 Dec 2018+7.0%
28 Dec 2018+3.8%
4 Jan 2019+8.0%
11 Jan 2019+2.0%
18 Jan 2019+8.2%
25 Jan 2019+9.0%
1 Feb 2019−0.4%
8 Feb 2019−4.0%
15 Feb 2019−8.4%
22 Feb 2019+2.0%
1 Mar 2019+8.1%
8 Mar 2019+12.6%
15 Mar 2019+11.0%
22 Mar 2019+10.2%
29 Mar 2019+11.2%
5 Apr 2019+8.1%
12 Apr 2019+6.0%
18 Apr 2019+3.2%
26 Apr 2019+5.6%
3 May 2019+8.2%
10 May 2019+10.6%
17 May 2019+2.9%
24 May 2019−6.3%
31 May 2019−15.8%
7 Jun 2019−17.5%
14 Jun 2019−18.7%
21 Jun 2019−20.8%
28 Jun 2019−21.9%
5 Jul 2019−21.2%
12 Jul 2019−13.4%
19 Jul 2019−12.1%
26 Jul 2019−5.6%
2 Aug 2019−10.0%
9 Aug 2019−15.0%
16 Aug 2019−12.5%
23 Aug 2019−15.3%
30 Aug 2019−9.9%
6 Sep 2019−12.5%
13 Sep 2019−6.5%
20 Sep 2019+9.4%
27 Sep 2019+27.6%
4 Oct 2019+29.4%
11 Oct 2019+18.1%
18 Oct 2019+18.8%
27 Oct 2019+7.3%
1 Nov 2019+13.4%
8 Nov 2019+21.3%
15 Nov 2019+18.2%
22 Nov 2019+28.1%
29 Nov 2019+54.9%
6 Dec 2019+43.9%
13 Dec 2019+35.9%
20 Dec 2019+14.5%
27 Dec 2019−1.4%
3 Jan 2020+8.3%
10 Jan 2020+6.3%
17 Jan 2020+16.0%
24 Jan 2020+24.5%
1 Feb 2020+10.7%
7 Feb 2020+6.9%
14 Feb 2020+8.1%
20 Feb 2020+10.2%
28 Feb 2020−13.6%
6 Mar 2020−3.0%
13 Mar 2020−7.3%
20 Mar 2020−7.0%
27 Mar 2020−9.7%
3 Apr 2020−17.3%
9 Apr 2020−2.1%
17 Apr 2020+9.3%
24 Apr 2020+3.7%
30 Apr 2020+29.7%
8 May 2020+24.0%
15 May 2020+41.1%
22 May 2020+48.2%
29 May 2020+43.5%
5 Jun 2020+41.2%
12 Jun 2020+77.6%
19 Jun 2020+122.9%
26 Jun 2020+130.3%
3 Jul 2020+141.7%
10 Jul 2020+102.2%
17 Jul 2020+60.3%
24 Jul 2020+55.3%
31 Jul 2020+56.5%
7 Aug 2020+75.1%
14 Aug 2020+53.5%
21 Aug 2020+52.7%
28 Aug 2020+66.8%
4 Sep 2020+81.2%
11 Sep 2020+59.5%
18 Sep 2020+35.9%
25 Sep 2020+29.8%
1 Oct 2020+25.0%
9 Oct 2020+23.3%
16 Oct 2020+23.1%
23 Oct 2020+38.6%
30 Oct 2020+15.4%
6 Nov 2020+10.6%
14 Nov 2020+12.9%
20 Nov 2020+5.7%
27 Nov 2020+7.7%
4 Dec 2020−8.6%
11 Dec 2020+2.6%
18 Dec 2020−4.4%
24 Dec 2020+7.5%
1 Jan 2021+9.0%
8 Jan 2021+0.0%
15 Jan 2021+1.4%
22 Jan 2021−7.5%
29 Jan 2021−16.9%
5 Feb 2021−16.0%
12 Feb 2021−19.5%
19 Feb 2021−20.8%
26 Feb 2021−15.7%
5 Mar 2021+9.8%
12 Mar 2021+15.8%
19 Mar 2021+9.0%
26 Mar 2021−2.6%
1 Apr 2021−3.7%
9 Apr 2021+3.9%
16 Apr 2021+1.3%
23 Apr 2021+1.9%
30 Apr 2021+7.4%
7 May 2021+4.2%
14 May 2021+5.2%
21 May 2021+1.9%
28 May 2021−7.0%
4 Jun 2021−14.3%
11 Jun 2021−10.0%
18 Jun 2021−3.3%
25 Jun 2021+5.9%
2 Jul 2021+9.1%
9 Jul 2021+7.4%
16 Jul 2021+10.8%
23 Jul 2021+12.1%
30 Jul 2021+18.6%
6 Aug 2021+25.6%
13 Aug 2021+21.6%
20 Aug 2021+22.4%
27 Aug 2021+22.7%
3 Sep 2021+9.4%
9 Sep 2021−5.7%
17 Sep 2021+0.4%
24 Sep 2021−0.6%
1 Oct 2021−4.9%
8 Oct 2021−5.0%
14 Oct 2021−9.6%
22 Oct 2021−13.0%
29 Oct 2021−18.8%
4 Nov 2021−23.5%
12 Nov 2021−23.7%
18 Nov 2021−16.4%
26 Nov 2021−8.1%
3 Dec 2021−6.6%
10 Dec 2021+2.9%
17 Dec 2021−1.4%
24 Dec 2021−2.7%
31 Dec 2021+2.1%
7 Jan 2022+0.1%
14 Jan 2022+7.9%
21 Jan 2022+3.2%
28 Jan 2022−3.1%
4 Feb 2022+3.4%
11 Feb 2022+6.7%
18 Feb 2022+1.7%
25 Feb 2022−5.4%
4 Mar 2022−4.9%
11 Mar 2022−14.5%
17 Mar 2022−14.9%
25 Mar 2022−15.4%
1 Apr 2022−14.9%
8 Apr 2022−4.4%
13 Apr 2022−11.7%
22 Apr 2022−9.7%
29 Apr 2022−7.8%
6 May 2022−12.6%
13 May 2022−17.2%
20 May 2022−14.3%
27 May 2022−16.0%
3 Jun 2022−15.9%
10 Jun 2022−9.7%
17 Jun 2022−13.6%
24 Jun 2022−11.1%
1 Jul 2022−13.5%
8 Jul 2022−18.4%
15 Jul 2022−19.9%
22 Jul 2022−11.1%
29 Jul 2022−7.8%
5 Aug 2022−2.7%
12 Aug 2022+2.9%
19 Aug 2022+3.2%
26 Aug 2022+10.5%
2 Sep 2022+20.1%
9 Sep 2022+14.9%
16 Sep 2022+20.6%
23 Sep 2022+17.9%
30 Sep 2022+13.3%
7 Oct 2022+16.9%
14 Oct 2022+11.9%
21 Oct 2022+8.4%
28 Oct 2022+14.3%
4 Nov 2022+13.6%
11 Nov 2022+18.2%
18 Nov 2022+12.3%
25 Nov 2022+6.9%
2 Dec 2022+2.6%
9 Dec 2022−0.6%
16 Dec 2022+7.2%
23 Dec 2022−2.0%
30 Dec 2022+7.9%
6 Jan 2023+5.7%
13 Jan 2023+15.7%
20 Jan 2023+11.0%
27 Jan 2023+5.5%
3 Feb 2023−1.8%
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17 Feb 2023+1.3%
24 Feb 2023+0.8%
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24 Mar 2023+8.1%
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2 Jun 2023+6.8%
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23 Jun 2023+14.1%
30 Jun 2023+15.2%
7 Jul 2023+11.6%
14 Jul 2023+14.1%
21 Jul 2023+15.0%
28 Jul 2023+29.2%
4 Aug 2023+26.9%
11 Aug 2023+24.7%
18 Aug 2023+28.1%
25 Aug 2023+35.4%
1 Sep 2023+27.5%
8 Sep 2023+19.3%
15 Sep 2023+10.9%
22 Sep 2023+13.7%
29 Sep 2023+18.0%
6 Oct 2023+14.0%
13 Oct 2023+9.1%
20 Oct 2023+8.8%
27 Oct 2023−8.5%
3 Nov 2023−0.5%
12 Nov 2023−2.9%
17 Nov 2023−3.3%
24 Nov 2023−10.7%
1 Dec 2023−18.5%
8 Dec 2023−17.1%
15 Dec 2023−13.6%
22 Dec 2023−19.1%
29 Dec 2023−21.5%
5 Jan 2024−16.4%
12 Jan 2024−15.9%
20 Jan 2024−14.3%
25 Jan 2024−11.6%
2 Feb 2024−16.8%
9 Feb 2024−10.0%
16 Feb 2024−7.9%
23 Feb 2024−6.0%
2 Mar 2024+10.2%
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15 Mar 2024+2.2%
22 Mar 2024+7.0%
28 Mar 2024+7.2%
5 Apr 2024+10.1%
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26 Apr 2024−3.7%
3 May 2024−1.6%
10 May 2024−5.2%
18 May 2024−5.8%
24 May 2024−5.4%
31 May 2024−14.3%
7 Jun 2024−21.7%
14 Jun 2024−16.6%
21 Jun 2024−15.7%
28 Jun 2024−18.7%
5 Jul 2024−18.3%
12 Jul 2024−18.0%
19 Jul 2024−8.7%
26 Jul 2024−4.7%
2 Aug 2024+3.0%
9 Aug 2024−1.0%
16 Aug 2024−6.9%
23 Aug 2024−7.4%
30 Aug 2024−2.5%
6 Sep 2024−0.1%
13 Sep 2024+2.7%
20 Sep 2024−2.0%
27 Sep 2024+8.5%
4 Oct 2024+7.6%
11 Oct 2024+3.6%
18 Oct 2024+5.1%
25 Oct 2024−2.4%
1 Nov 2024−9.0%
8 Nov 2024−2.6%
14 Nov 2024−0.3%
22 Nov 2024−4.9%
29 Nov 2024−7.8%
6 Dec 2024−7.2%
13 Dec 2024−6.6%
20 Dec 2024−5.0%
27 Dec 2024−11.6%
3 Jan 2025−10.8%
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1 Feb 2025−4.3%
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30 May 2025+11.3%
6 Jun 2025+8.6%
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11 Jul 2025−0.2%
18 Jul 2025+7.3%
25 Jul 2025+5.6%
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14 Aug 2025+2.0%
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29 Aug 2025−7.9%
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3 Oct 2025−6.5%
10 Oct 2025+9.7%
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21 Nov 2025+14.5%
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5 Dec 2025+17.2%
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2 Jan 2026+7.0%
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23 Jan 2026−14.1%
1 Feb 2026−13.4%
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18 Sep 2026−9.5%
25 Sep 2026−9.8%
1 Oct 2026−5.5%
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16 Oct 2026+0.5%
23 Oct 2026−0.3%
30 Oct 2026+2.1%
4 Nov 2026+7.6%
Each bar is one week, from 2016 to now (550 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the NIFTY 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 11 years the share price moved +682% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What changed at Tata Communications this quarter?

  1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

    In the September 2026 quarter revenue was ₹6,688 crore, +9.6% on a year earlier.

    Why: Revenue rose because the digital business grew strongly, led by interaction, next-generation connectivity and IoT services.

    Next results: check whether the network order book turns into reported revenue.

    From the earnings call on 15 Oct 2026.

  2. Profit grew again in the September 2026 quarter

    Profit was ₹336 crore, +83.6% on a year earlier (₹183 crore), after 2 quarters of decline.

    Why: Profit grew because the digital business lost less money as its margins moved closer to breaking even.

    Next results: check whether the digital business improvement continues.

    From the earnings call on 15 Oct 2026.

What are Tata Communications' latest quarterly results?

For July to September 2026 (the quarter ended 30 September 2026), Tata Communications reported revenue of ₹6,688 crore, up 9.6% from ₹6,100 crore a year earlier, and a profit of ₹336 crore, up 83.6% from ₹183 crore.

Tata Communications results: July to September 2026 against a year earlier

Tata Communications results: July to September 2026 against a year earlier
MeasureJuly to September 2026July to September 2025Change
Revenue₹6,688 crore₹6,100 crore+9.6%
Profit₹336 crore₹183 crore+83.6%
Earnings per share₹11.96₹6.42+86.3%
Operating margin21.0%19.0%+2.0 points

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Tata Communications' management discussed these results on a call held on 15 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

What is the Tata Communications share price history?

Tata Communications closed at ₹1,754.60 on 4 November 2026, down 5.1% from ₹1,849.40 a year earlier (7 November 2025) and up 33.9% over five years. Its highest weekly close since March 2016 was ₹2,126.45 on 27 September 2024.

Tata Communications share price: then and now

Tata Communications share price: then and now
WhenCloseChange to 4 Nov 2026
1 week ago · 30 Oct 2026₹1,675.40+4.7%
1 month ago · 1 Oct 2026₹1,683.00+4.3%
6 months ago · 8 May 2026₹1,592.30+10.2%
1 year ago · 7 Nov 2025₹1,849.40−5.1%
3 years ago · 3 Nov 2023₹1,703.60+3.0%
5 years ago · 4 Nov 2021₹1,310.30+33.9%
10 years ago · 4 Nov 2016₹387.29+353.0%
Earliest and lowest weekly close in our records · 11 Mar 2016₹224.26+682.4%
Highest weekly close since March 2016 · 27 Sep 2024₹2,126.45−17.5%
52-week high (weekly close) · 24 Jun 2026₹2,028.50−13.5%
52-week low (weekly close) · 2 Apr 2026₹1,387.30+26.5%

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

What is the latest news on Tata Communications?

4 Nov 2026: Tata Communications closed at ₹1,754.60, up 4.7% on the week and up 4.3% on the month. 15 Oct 2026: Tata Communications held its results call for July to September 2026. Management guided: FY27 operating profit growth in double digits.

Earlier

  • Results for July to September 2026: Revenue up 9.6% and profit up 83.6% on a year earlier.
  • 19 Jun 2026: ex-date for a dividend of ₹17.50 a share.

What dividend does Tata Communications pay?

Tata Communications paid ₹17.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.00% at the ₹1,754.60 close on 4 November 2026. The last was a dividend of ₹17.50 a share, ex-date 19 June 2026.

Tata Communications dividends since 1 April 2021

Tata Communications dividends since 1 April 2021
Ex-dateDividend per shareTypeRecord date
19 Jun 2026Dividend₹17.50Dividendsame day
19 Jun 2025Dividend₹25Dividendsame day
1 Jul 2024Dividend₹16.70Dividendsame day
26 Jun 2023Dividend₹21Dividendsame day
10 Jun 2022Dividend₹20.70Dividend13 Jun 2022
17 Jun 2021Dividend₹14Dividend—

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

5 of 5Of the last 5 financial years, years with an NSE dividend record

Yes. Tata Communications Ltd paid out 50% of its profit as dividends in FY26, and it paid a dividend in 9 of its last 12 reported years. 3 of those years show a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

What did Tata Communications management say on the latest results call?

On the call for July to September 2026, held on 15 October 2026, Tata Communications' management guided: FY27 operating profit growth in double digits.

“I think this year we will absolutely deliver what we have promised.”Ganesh Lakshminarayanan, on the call for July to September 2026

What management guided

  • Digital portfolio to become operating profit-positive as soon as possible.
  • Network order-book growth expected to convert into revenue; timing not quantified.
  • Q2 profitability performance described as achievable in coming quarters.
  • Some media cost initiatives expected to begin contributing in coming quarters.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 15 October 2026.

What to watch in Tata Communications' next results?

When Tata Communications reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Digital portfolio progress toward operating profit break-even - check whether the improvement continues in the next reported quarter.

Tata Communications: what to watch next quarter
What to check (from the call)
Digital portfolio progress toward operating profit break-even - check whether the improvement continues in the next reported quarter.
Order-book conversion into reported network growth - compare constant-currency trends with management's conversion expectation.
Final Canadian tax settlement terms and disclosure - check the resolution amount and any cash or contingent-liability impact.
Media cost actions and network procurement integration - check contribution progress against event-driven revenue variability.

Which stock lists is Tata Communications on?

Tata Communications is on one of our India lists: Small & mid cap stocks.

Is Tata Communications profitable?

Tata Communications Ltd earned ₹336 Cr of net profit in the Sep 2026 quarter, +83.6% on the same quarter a year earlier. Full-year FY26 profit was ₹997 Cr. Over 10 years profit has grown 58.4% a year on average. That is 5.0% of the quarter's revenue. The same quarter a year earlier earned ₹183 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹997 Cr (−45.7% on the year before).

FY26 profit ₹997 Cr (−45.7% on the year before), 58.4% a year over 10 years

  • Net profit ₹997
FY26 profit ₹997 Cr (−45.7% on the year before), 58.4% a year over 10 years
QuarterNet profit
FY16₹10
FY17₹1,235
FY18−₹326
FY19−₹80
FY20−₹85
FY21₹1,252
FY22₹1,485
FY23₹1,801
FY24₹970
FY25₹1,837
FY26₹997

Growth on a year earlier

  • Growth on a year earlier −45.7%
Growth on a year earlier
QuarterGrowth on a year earlier
FY16233.3%
FY1712,250%
FY18−126.4%
FY19–
FY20–
FY21–
FY2218.6%
FY2321.3%
FY24−46.1%
FY2589.4%
FY26−45.7%
Top: net profit each year, ₹ Cr. Below: growth on the year before, %. 11-year window. A grey bar is lower than the year before.

Sep 2026: ₹336 Cr (+83.6% on a year earlier)

  • Net profit (quarterly) ₹336
Sep 2026: ₹336 Cr (+83.6% on a year earlier)
QuarterNet profit (quarterly)
Dec 2023₹45
Mar 2024₹322
Jun 2024₹333
Sep 2024₹227
Dec 2024₹236
Mar 2025₹1,041
Jun 2025₹190
Sep 2025₹183
Dec 2025₹364
Mar 2026₹259
Jun 2026₹130
Sep 2026₹336

Growth on a year earlier

  • Growth on a year earlier 83.6%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 2023−88.6%
Mar 2024−1.5%
Jun 2024−12.8%
Sep 20242.7%
Dec 2024424.4%
Mar 2025223.3%
Jun 2025−42.9%
Sep 2025−19.4%
Dec 202554.2%
Mar 2026−75.1%
Jun 2026−31.6%
Sep 202683.6%
Top: net profit each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +9.6% on a year earlier and the margin moved +2.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +7.8% and revenue +9.1%. Profit and revenue are moving at about the same pace.

How much revenue does Tata Communications make, and is it growing?

Tata Communications Ltd reported ₹6,688 Cr of revenue in the Sep 2026 quarter, +9.6% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 3.2% a year on average. The last full year, FY26, came in at ₹24,803 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹26,014 Cr.

FY26 revenue was ₹24,803 Cr, +7.3% on the year before.

FY26 revenue ₹24,803 Cr (+7.3% on the year before), 3.2% a year over 10 years

  • Revenue ₹24,803
FY26 revenue ₹24,803 Cr (+7.3% on the year before), 3.2% a year over 10 years
QuarterRevenue
FY16₹18,149
FY17₹17,620
FY18₹16,772
FY19₹16,525
FY20₹17,068
FY21₹17,100
FY22₹16,725
FY23₹17,838
FY24₹20,969
FY25₹23,109
FY26₹24,803

Growth on a year earlier

  • Growth on a year earlier 7.3%
Growth on a year earlier
QuarterGrowth on a year earlier
FY16−8.9%
FY17−2.9%
FY18−4.8%
FY19−1.5%
FY203.3%
FY210.2%
FY22−2.2%
FY236.7%
FY2417.6%
FY2510.2%
FY267.3%
Top: revenue each year, ₹ Cr. Below: growth on the year before, %. 11-year window. A grey bar is lower than the year before.

Sep 2026: ₹6,688 Cr (+9.6% on a year earlier), the 12th quarter in a row of growth

  • Revenue (quarterly) ₹6,688
Sep 2026: ₹6,688 Cr (+9.6% on a year earlier), the 12th quarter in a row of growth
QuarterRevenue (quarterly)
Dec 2023₹5,588
Mar 2024₹5,645
Jun 2024₹5,592
Sep 2024₹5,728
Dec 2024₹5,798
Mar 2025₹5,990
Jun 2025₹5,960
Sep 2025₹6,100
Dec 2025₹6,189
Mar 2026₹6,554
Jun 2026₹6,583
Sep 2026₹6,688

Growth on a year earlier

  • Growth on a year earlier 9.6%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 202323.4%
Mar 202423.6%
Jun 202417.2%
Sep 202417.6%
Dec 20243.8%
Mar 20256.1%
Jun 20256.6%
Sep 20256.5%
Dec 20256.7%
Mar 20269.4%
Jun 202610.5%
Sep 20269.6%
Top: revenue each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +9.1% on average, against 3.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +9.1%, against +7.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −34.0%, against +8.4% a year (rolling over).

How much of every ₹100 of sales does Tata Communications keep?

Tata Communications Ltd's operating margin was 21.0% in the Sep 2026 quarter, 2.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 11.0% and 25.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +2.0 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

FY26: 19.0%, within a range of 11.0% to 25.0% over 13 years

  • Operating margin 19.0%
FY26: 19.0%, within a range of 11.0% to 25.0% over 13 years
QuarterOperating margin
FY1411%
FY1515%
FY1613%
FY1714%
FY1814%
FY1917%
FY2019%
FY2125%
FY2225%
FY2324%
FY2420%
FY2520%
FY2619%

Change on the year before (points)

  • Change on the year before (points) −1.0 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY14–
FY15+4.0 pts
FY16−2.0 pts
FY17+1.0 pts
FY180.0 pts
FY19+3.0 pts
FY20+2.0 pts
FY21+6.0 pts
FY220.0 pts
FY23−1.0 pts
FY24−4.0 pts
FY250.0 pts
FY26−1.0 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 13-year window.

Sep 2026: operating margin 21.0% (+2.0 points on a year earlier)

  • Operating margin 21.0%
Sep 2026: operating margin 21.0% (+2.0 points on a year earlier)
QuarterOperating margin
Dec 202321%
Mar 202419%
Jun 202420%
Sep 202420%
Dec 202420%
Mar 202519%
Jun 202519%
Sep 202519%
Dec 202520%
Mar 202620%
Jun 202619%
Sep 202621%

Change on a year earlier (points)

  • Change on a year earlier (points) +2.0 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Dec 2023−3.0 pts
Mar 2024−4.0 pts
Jun 2024−1.0 pts
Sep 2024−1.0 pts
Dec 2024−1.0 pts
Mar 20250.0 pts
Jun 2025−1.0 pts
Sep 2025−1.0 pts
Dec 20250.0 pts
Mar 2026+1.0 pts
Jun 20260.0 pts
Sep 2026+2.0 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Tata Communications' profit turning into cash?

Over the last 3 years, 278% of Tata Communications Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹4,479 Cr of operating cash against ₹997 Cr of profit. After ₹4,139 Cr of spending on assets, ₹340 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY26: operating cash ₹4,479 Cr against profit ₹997 Cr; 278% of 3 years' profit came in as cash

  • Operating cash ₹4,479
  • Net profit ₹997
  • Free cash ₹340
FY26: operating cash ₹4,479 Cr against profit ₹997 Cr; 278% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY16₹2,363₹10₹597
FY17₹2,394₹1,235₹4,092
FY18₹1,713−₹326₹170
FY19₹1,844−₹80−₹557
FY20₹2,525−₹85−₹1,300
FY21₹3,180₹1,252₹1,970
FY22₹4,204₹1,485₹2,224
FY23₹4,384₹1,801₹2,262
FY24₹3,182₹970−₹2,434
FY25₹2,911₹1,837₹94
FY26₹4,479₹997₹340
Operating cash flow and net profit each year, ₹ Cr. The line is free cash flow: operating cash minus spending on assets. 11-year window, yearly figures.

FY26: operating cash was 449% of profit (278% over three years)

  • Operating cash as % of profit 300%
  • Break-even line 100%
FY26: operating cash was 449% of profit (278% over three years)
QuarterOperating cash as % of profitBreak-even line
FY16300%100%
FY17194%100%
FY18–100%
FY19–100%
FY20–100%
FY21254%100%
FY22283%100%
FY23243%100%
FY24300%100%
FY25158%100%
FY26300%100%
Operating cash as a share of net profit, each year, % (line). The flat line marks 100%, meaning all of the profit came in as cash; unusual years are drawn at the edge.

Why 278% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 1.6× depreciation over three years. The next section checks what that spending is building.

Where does Tata Communications' cash go?

Tata Communications Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 61 days in FY26, up from 56 days in FY21. It spent ₹12,572 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹24,803 Cr, each day of that cycle ties up about ₹68.0 Cr, so roughly ₹4,145 Cr is tied up in the business at any time.

FY26: a 61-day cash cycle, +5 days compared with FY21

  • Cash cycle 61d
  • Debtor days 61d
FY26: a 61-day cash cycle, +5 days compared with FY21
QuarterCash cycleDebtor days
FY1456d56d
FY1546d46d
FY1661d61d
FY1754d54d
FY1864d64d
FY1966d66d
FY2069d69d
FY2156d56d
FY2256d56d
FY2356d56d
FY2465d65d
FY2563d63d
FY2661d61d
Debtor days, inventory days, payable days and the full cash cycle, each year. 13-year window.

Spending on assets: ₹12,572 Cr over the last 3 years, against ₹7,889 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹850 Cr (FY26): assets paid for that are not earning yet.

FY26: capex ₹4,139 Cr, work in progress ₹850 Cr, a build-out

  • Capex ₹4,139
  • Work-in-progress ₹850
FY26: capex ₹4,139 Cr, work in progress ₹850 Cr, a build-out
QuarterCapexWork-in-progress
FY16₹1,766₹800
FY17−₹1,698₹751
FY18₹1,543₹520
FY19₹2,401₹361
FY20₹3,825₹349
FY21₹1,210₹493
FY22₹1,980₹852
FY23₹2,122₹1,148
FY24₹5,616₹1,327
FY25₹2,817₹1,100
FY26₹4,139₹850
Capital spending each year, ₹ Cr, with work in progress, ₹ Cr, as the line. Quarterly capital-spending figures are not available for India, so this is yearly.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is Tata Communications' P/E ratio, and how does it compare with its own history?

Tata Communications Ltd's P/E is 41.3×, in the middle of its own history: higher than 66% of past readings. Its usual P/E (the middle reading) is 34.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹38.73.

P/E 41.3× against a usual 34.9×: in the middle of its own history: higher than 66% of past readings

  • P/E 39.4×
  • Median 34.9×
P/E 41.3× against a usual 34.9×: in the middle of its own history: higher than 66% of past readings
WeekP/EMedian
11 Mar 201682.5×34.9×
23 Mar 201685.9×34.9×
8 Apr 2016104.6×34.9×
22 Apr 2016104.6×34.9×
6 May 2016104.6×34.9×
20 May 2016104.6×34.9×
3 Jun 2016104.6×34.9×
17 Jun 2016104.6×34.9×
1 Jul 2016104.6×34.9×
15 Jul 2016104.6×34.9×
29 Jul 2016104.6×34.9×
12 Aug 2016104.6×34.9×
26 Aug 2016104.6×34.9×
9 Sep 2016104.6×34.9×
23 Sep 2016104.6×34.9×
3 Feb 201710.4×34.9×
17 Feb 201710.5×34.9×
3 Mar 201710.4×34.9×
17 Mar 201710.6×34.9×
31 Mar 201710.1×34.9×
13 Apr 20179.90×34.9×
28 Apr 201710.0×34.9×
12 May 20175.20×34.9×
26 May 20175.10×34.9×
9 Jun 20176.50×34.9×
23 Jun 20176.20×34.9×
7 Jul 20175.70×34.9×
21 Jul 20175.60×34.9×
4 Aug 20175.00×34.9×
18 Aug 20175.00×34.9×
1 Sep 20175.20×34.9×
15 Sep 20175.50×34.9×
29 Sep 20175.40×34.9×
13 Oct 20175.40×34.9×
27 Oct 20175.50×34.9×
10 Nov 20175.80×34.9×
24 Nov 20175.80×34.9×
8 Dec 20175.70×34.9×
22 Dec 20175.70×34.9×
5 Jan 20185.60×34.9×
19 Jan 20185.30×34.9×
2 Feb 20185.20×34.9×
16 Feb 201815.6×34.9×
1 Mar 201815.6×34.9×
16 Mar 201815.2×34.9×
28 Mar 201815.1×34.9×
13 Apr 201815.5×34.9×
27 Apr 201815.1×34.9×
2 Aug 2019104.6×34.9×
16 Aug 2019104.6×34.9×
30 Aug 2019104.6×34.9×
13 Sep 2019104.6×34.9×
27 Sep 2019104.6×34.9×
11 Oct 2019104.6×34.9×
27 Oct 2019104.6×34.9×
8 Nov 201997.2×34.9×
22 Nov 201994.6×34.9×
6 Dec 2019103.3×34.9×
20 Dec 2019101.1×34.9×
3 Jan 2020104.6×34.9×
17 Jan 2020104.6×34.9×
26 Jun 202087.1×34.9×
10 Jul 202093.7×34.9×
24 Jul 202094.0×34.9×
7 Aug 202061.2×34.9×
21 Aug 202066.9×34.9×
4 Sep 202068.2×34.9×
18 Sep 202063.8×34.9×
1 Oct 202063.0×34.9×
16 Oct 202033.4×34.9×
30 Oct 202035.5×34.9×
14 Nov 202038.9×34.9×
27 Nov 202040.4×34.9×
11 Dec 202039.5×34.9×
24 Dec 202040.8×34.9×
8 Jan 202140.4×34.9×
22 Jan 202129.2×34.9×
5 Feb 202129.3×34.9×
19 Feb 202128.4×34.9×
5 Mar 202135.4×34.9×
19 Mar 202133.2×34.9×
1 Apr 202131.8×34.9×
16 Apr 202131.4×34.9×
30 Apr 202124.0×34.9×
14 May 202123.7×34.9×
28 May 202122.9×34.9×
11 Jun 202128.9×34.9×
25 Jun 202128.9×34.9×
9 Jul 202129.9×34.9×
23 Jul 202130.8×34.9×
6 Aug 202131.7×34.9×
20 Aug 202129.8×34.9×
3 Sep 202129.3×34.9×
17 Sep 202130.1×34.9×
1 Oct 202130.2×34.9×
14 Oct 202130.8×34.9×
29 Oct 202128.2×34.9×
12 Nov 202126.4×34.9×
26 Nov 202128.0×34.9×
10 Dec 202130.0×34.9×
24 Dec 202129.6×34.9×
7 Jan 202231.5×34.9×
21 Jan 202228.1×34.9×
4 Feb 202226.8×34.9×
18 Feb 202225.3×34.9×
4 Mar 202223.4×34.9×
17 Mar 202223.7×34.9×
1 Apr 202225.3×34.9×
13 Apr 202226.6×34.9×
29 Apr 202221.2×34.9×
13 May 202218.7×34.9×
27 May 202218.9×34.9×
10 Jun 202218.4×34.9×
24 Jun 202217.8×34.9×
8 Jul 202218.9×34.9×
22 Jul 202217.4×34.9×
5 Aug 202218.2×34.9×
19 Aug 202218.6×34.9×
2 Sep 202220.6×34.9×
16 Sep 202219.9×34.9×
30 Sep 202219.0×34.9×
14 Oct 202219.2×34.9×
28 Oct 202219.9×34.9×
11 Nov 202221.1×34.9×
25 Nov 202220.8×34.9×
9 Dec 202220.3×34.9×
23 Dec 202219.4×34.9×
6 Jan 202321.3×34.9×
20 Jan 202321.6×34.9×
3 Feb 202319.6×34.9×
17 Feb 202319.8×34.9×
3 Mar 202319.1×34.9×
17 Mar 202318.9×34.9×
31 Mar 202319.9×34.9×
13 Apr 202320.2×34.9×
28 Apr 202320.9×34.9×
12 May 202320.6×34.9×
26 May 202320.9×34.9×
9 Jun 202324.2×34.9×
23 Jun 202325.7×34.9×
7 Jul 202325.5×34.9×
21 Jul 202328.9×34.9×
4 Aug 202330.6×34.9×
18 Aug 202330.8×34.9×
1 Sep 202333.7×34.9×
15 Sep 202335.0×34.9×
29 Sep 202335.1×34.9×
13 Oct 202332.9×34.9×
27 Oct 202334.7×34.9×
12 Nov 202336.9×34.9×
24 Nov 202337.2×34.9×
8 Dec 202336.6×34.9×
22 Dec 202337.3×34.9×
5 Jan 202437.9×34.9×
20 Jan 202452.0×34.9×
2 Feb 202450.8×34.9×
16 Feb 202454.2×34.9×
2 Mar 202457.2×34.9×
15 Mar 202457.8×34.9×
28 Mar 202460.1×34.9×
12 Apr 202458.1×34.9×
26 Apr 202449.9×34.9×
10 May 202449.5×34.9×
24 May 202452.2×34.9×
7 Jun 202451.5×34.9×
21 Jun 202452.4×34.9×
5 Jul 202450.0×34.9×
19 Jul 202455.5×34.9×
2 Aug 202460.5×34.9×
16 Aug 202457.9×34.9×
30 Aug 202460.9×34.9×
13 Sep 202463.9×34.9×
27 Sep 202466.0×34.9×
11 Oct 202460.9×34.9×
25 Oct 202454.2×34.9×
8 Nov 202454.1×34.9×
22 Nov 202453.0×34.9×
6 Dec 202454.5×34.9×
20 Dec 202452.1×34.9×
3 Jan 202552.9×34.9×
17 Jan 202551.8×34.9×
1 Feb 202539.3×34.9×
14 Feb 202536.5×34.9×
28 Feb 202532.8×34.9×
13 Mar 202536.5×34.9×
28 Mar 202538.3×34.9×
11 Apr 202538.0×34.9×
25 Apr 202541.0×34.9×
9 May 202539.5×34.9×
23 May 202543.7×34.9×
6 Jun 202544.7×34.9×
20 Jun 202535.4×34.9×
4 Jul 202537.7×34.9×
18 Jul 202537.8×34.9×
1 Aug 202535.7×34.9×
14 Aug 202536.3×34.9×
29 Aug 202533.1×34.9×
12 Sep 202534.5×34.9×
26 Sep 202534.5×34.9×
10 Oct 202540.0×34.9×
24 Oct 202540.6×34.9×
7 Nov 202539.6×34.9×
21 Nov 202541.1×34.9×
5 Dec 202539.3×34.9×
19 Dec 202539.0×34.9×
2 Jan 202638.3×34.9×
16 Jan 202637.5×34.9×
1 Feb 202634.4×34.9×
13 Feb 202635.5×34.9×
27 Feb 202634.2×34.9×
13 Mar 202629.9×34.9×
27 Mar 202629.9×34.9×
10 Apr 202632.3×34.9×
24 Apr 202632.5×34.9×
8 May 202634.1×34.9×
22 May 202642.0×34.9×
4 Jun 202651.5×34.9×
9 Jun 202651.2×34.9×
12 Jun 202642.1×34.9×
19 Jun 202653.7×34.9×
25 Jun 202653.8×34.9×
3 Jul 202651.5×34.9×
17 Jul 202649.1×34.9×
31 Jul 202648.1×34.9×
14 Aug 202647.1×34.9×
28 Aug 202646.4×34.9×
11 Sep 202648.3×34.9×
25 Sep 202645.7×34.9×
9 Oct 202645.4×34.9×
23 Oct 202639.0×34.9×
30 Oct 202639.4×34.9×

Earnings per share, 12 months

  • Earnings per share, 12 months ₹43
Earnings per share, 12 months
WeekEarnings per share, 12 months
11 Mar 2016–
23 Mar 2016₹3
8 Apr 2016₹3
22 Apr 2016₹3
6 May 2016₹3
20 May 2016₹3
3 Jun 2016₹3
17 Jun 2016₹2
1 Jul 2016₹2
15 Jul 2016₹2
29 Jul 2016₹2
12 Aug 2016₹2
26 Aug 2016₹2
9 Sep 2016₹2
23 Sep 2016₹2
3 Feb 2017₹2
17 Feb 2017₹2
3 Mar 2017₹2
17 Mar 2017₹2
31 Mar 2017₹45
13 Apr 2017₹45
28 Apr 2017₹45
12 May 2017₹45
26 May 2017₹45
9 Jun 2017₹45
23 Jun 2017₹73
7 Jul 2017₹73
21 Jul 2017₹73
4 Aug 2017₹73
18 Aug 2017₹73
1 Sep 2017₹73
15 Sep 2017₹73
29 Sep 2017₹79
13 Oct 2017₹79
27 Oct 2017₹79
10 Nov 2017₹79
24 Nov 2017₹79
8 Dec 2017₹79
22 Dec 2017₹79
5 Jan 2018₹75
19 Jan 2018₹75
2 Feb 2018₹75
16 Feb 2018₹75
1 Mar 2018₹75
16 Mar 2018₹75
28 Mar 2018₹26
13 Apr 2018₹26
27 Apr 2018₹26
2 Aug 2019₹26
16 Aug 2019₹26
30 Aug 2019₹26
13 Sep 2019₹26
27 Sep 2019₹2
11 Oct 2019₹2
27 Oct 2019₹2
8 Nov 2019₹2
22 Nov 2019₹2
6 Dec 2019₹2
20 Dec 2019₹2
3 Jan 2020₹4
17 Jan 2020₹4
26 Jun 2020₹7
10 Jul 2020₹7
24 Jul 2020₹7
7 Aug 2020₹7
21 Aug 2020₹7
4 Sep 2020₹7
18 Sep 2020₹7
1 Oct 2020₹13
16 Oct 2020₹13
30 Oct 2020₹13
14 Nov 2020₹13
27 Nov 2020₹13
11 Dec 2020₹13
24 Dec 2020₹26
8 Jan 2021₹26
22 Jan 2021₹26
5 Feb 2021₹26
19 Feb 2021₹26
5 Mar 2021₹26
19 Mar 2021₹26
1 Apr 2021₹35
16 Apr 2021₹35
30 Apr 2021₹35
14 May 2021₹35
28 May 2021₹35
11 Jun 2021₹35
25 Jun 2021₹45
9 Jul 2021₹45
23 Jul 2021₹45
6 Aug 2021₹45
20 Aug 2021₹45
3 Sep 2021₹45
17 Sep 2021₹47
1 Oct 2021₹47
14 Oct 2021₹47
29 Oct 2021₹47
12 Nov 2021₹47
26 Nov 2021₹47
10 Dec 2021₹47
24 Dec 2021₹47
7 Jan 2022₹47
21 Jan 2022₹47
4 Feb 2022₹47
18 Feb 2022₹47
4 Mar 2022₹47
17 Mar 2022₹47
1 Apr 2022₹49
13 Apr 2022₹49
29 Apr 2022₹49
13 May 2022₹49
27 May 2022₹49
10 Jun 2022₹49
24 Jun 2022₹52
8 Jul 2022₹52
22 Jul 2022₹52
5 Aug 2022₹52
19 Aug 2022₹52
2 Sep 2022₹52
16 Sep 2022₹52
30 Sep 2022₹61
14 Oct 2022₹61
28 Oct 2022₹61
11 Nov 2022₹61
25 Nov 2022₹61
9 Dec 2022₹61
23 Dec 2022₹61
6 Jan 2023₹63
20 Jan 2023₹63
3 Feb 2023₹63
17 Feb 2023₹63
3 Mar 2023₹63
17 Mar 2023₹63
31 Mar 2023₹63
13 Apr 2023₹63
28 Apr 2023₹63
12 May 2023₹63
26 May 2023₹63
9 Jun 2023₹63
23 Jun 2023₹61
7 Jul 2023₹61
21 Jul 2023₹61
4 Aug 2023₹61
18 Aug 2023₹61
1 Sep 2023₹61
15 Sep 2023₹61
29 Sep 2023₹55
13 Oct 2023₹55
27 Oct 2023₹55
12 Nov 2023₹55
24 Nov 2023₹55
8 Dec 2023₹55
22 Dec 2023₹55
5 Jan 2024₹46
20 Jan 2024₹46
2 Feb 2024₹46
16 Feb 2024₹46
2 Mar 2024₹46
15 Mar 2024₹46
28 Mar 2024₹34
12 Apr 2024₹34
26 Apr 2024₹34
10 May 2024₹34
24 May 2024₹34
7 Jun 2024₹34
21 Jun 2024₹38
5 Jul 2024₹38
19 Jul 2024₹38
2 Aug 2024₹38
16 Aug 2024₹38
30 Aug 2024₹38
13 Sep 2024₹38
27 Sep 2024₹32
11 Oct 2024₹32
25 Oct 2024₹32
8 Nov 2024₹32
22 Nov 2024₹32
6 Dec 2024₹32
20 Dec 2024₹32
3 Jan 2025₹33
17 Jan 2025₹33
1 Feb 2025₹33
14 Feb 2025₹33
28 Feb 2025₹33
13 Mar 2025₹33
28 Mar 2025₹41
11 Apr 2025₹41
25 Apr 2025₹41
9 May 2025₹41
23 May 2025₹41
6 Jun 2025₹41
20 Jun 2025₹47
4 Jul 2025₹47
18 Jul 2025₹47
1 Aug 2025₹47
14 Aug 2025₹47
29 Aug 2025₹47
12 Sep 2025₹47
26 Sep 2025₹47
10 Oct 2025₹47
24 Oct 2025₹47
7 Nov 2025₹47
21 Nov 2025₹47
5 Dec 2025₹47
19 Dec 2025₹47
2 Jan 2026₹47
16 Jan 2026₹47
1 Feb 2026₹47
13 Feb 2026₹47
27 Feb 2026₹47
13 Mar 2026₹47
27 Mar 2026₹47
10 Apr 2026₹47
24 Apr 2026₹47
8 May 2026₹47
22 May 2026₹47
4 Jun 2026₹47
9 Jun 2026₹47
12 Jun 2026₹47
19 Jun 2026₹47
25 Jun 2026₹37
3 Jul 2026₹37
17 Jul 2026₹37
31 Jul 2026₹37
14 Aug 2026₹37
28 Aug 2026₹37
11 Sep 2026₹37
25 Sep 2026₹37
9 Oct 2026₹37
23 Oct 2026₹37
30 Oct 2026₹43
Top: P/E each week. Below: earnings per share, trailing twelve months, leaving out one-off items, a step line that moves once a quarter; 11 years of history; short peaks above 105× are drawn at the top edge.

PEG 0.93: below 1.0, so the P/E is smaller than the earnings growth rate

  • PEG 0.93×
  • PEG = 1.0 1.00×
PEG 0.93: below 1.0, so the P/E is smaller than the earnings growth rate
QuarterPEGPEG = 1.0
Q1 FY220.71×1.00×
Q2 FY220.71×1.00×
Q3 FY220.71×1.00×
Q4 FY220.80×1.00×
Q1 FY230.25×1.00×
Q2 FY230.28×1.00×
Q3 FY230.28×1.00×
Q4 FY230.51×1.00×
Q1 FY240.27×1.00×
Q2 FY240.33×1.00×
Q3 FY240.33×1.00×
Q4 FY240.35×1.00×
Q1 FY250.30×1.00×
Q2 FY250.30×1.00×
Q3 FY250.30×1.00×
Q4 FY250.30×1.00×
Q1 FY261.13×1.00×
Q2 FY261.09×1.00×
Q3 FY261.21×1.00×
Q4 FY260.89×1.00×
Q1 FY271.08×1.00×
Q2 FY270.93×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 22 quarters.
41.3×P/E · higher than 66% of its last 11 years
0.85PEG · today, as reported

Why the multiple is where it is: over the past year earnings per share moved −45.5% while the price moved −5.1%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 5 years the price moved +6.0% a year; about −1.7% a year came from earnings growth and about +7.7 percentage points from the multiple (the market paying more); over 10 years the price moved +16.3% a year; about +38.4% a year came from earnings growth and about −22.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Is the Tata Communications business getting better or worse?

Tata Communications Ltd's business is slowing from a peak. Profit and EPS growth have slowed sharply (profit growth from +83.9% at its peak to −34.0% now), while ROCE is still 16.9%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +7.3% in FY26, profit −45.7%

  • Revenue growth 7.3%
Growth year by year: revenue +7.3% in FY26, profit −45.7%
QuarterRevenue growth
FY16−8.9%
FY17−2.9%
FY18−4.8%
FY19−1.5%
FY203.3%
FY210.2%
FY22−2.2%
FY236.7%
FY2417.6%
FY2510.2%
FY267.3%

Profit growth, EPS growth

  • Profit growth −45.7%
  • EPS growth −45.5%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY16233.3%300%
FY17300%300%
FY18−126.4%−126.7%
FY19––
FY20––
FY21––
FY2218.6%18.5%
FY2321.3%21.2%
FY24−46.1%−46.1%
FY2589.4%89.6%
FY26−45.7%−45.5%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn. Turnaround-year jumps are drawn at the edge (▲).

Three growth lines over twelve quarters: revenue stabilising, profit rolling over

  • Revenue 9.1%
Three growth lines over twelve quarters: revenue stabilising, profit rolling over
QuarterRevenue
Dec 202312.9%
Mar 202417%
Jun 202418.6%
Sep 202420.3%
Dec 202415%
Mar 202510.7%
Jun 20258.2%
Sep 20255.7%
Dec 20256.5%
Mar 20267.3%
Jun 20268.3%
Sep 20269.1%

Profit, EPS

  • Profit −34%
  • EPS −33.1%
Profit, EPS
QuarterProfitEPS
Dec 2023−46.9%−47%
Mar 2024−46.1%−46.1%
Jun 2024−43.7%−43.7%
Sep 2024−30%−30%
Dec 202414.7%14.8%
Mar 202589.4%89.7%
Jun 202583.9%84.2%
Sep 202578%78.1%
Dec 202559%59.2%
Mar 2026−45.8%−45.4%
Jun 2026−44.7%−44.1%
Sep 2026−34%−33.1%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 16.9%
ROCE: the return line, worked out each quarter
QuarterROCE
Dec 202315.9%
Mar 202416.6%
Jun 202416.2%
Sep 202414.1%
Dec 202415.6%
Mar 2025–
Jun 2025–
Sep 2025–
Dec 2025–
Mar 202615.2%
Jun 202615%
Sep 202616.9%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Steady highRevenue growth · latest +9.1%, range +5.7% to +20.3%
FallingProfit growth · latest −34.0%, range −46.9% to +89.4%
FallingEPS growth · latest −33.1%, range −47.0% to +89.7%
Steady highROCE · latest 16.9%, range 14.1% to 16.9%

Why it matters: slowing from a peak is where good stories often end quietly.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+7.3%+11.6%+7.7%+3.2%
Profit−45.7%−17.9%−4.5%+58.4%
EPS−45.5%−17.7%−4.3%+61.0%
Share price−5.1%+1.0%+6.0%+16.3%
+9.6%Revenue growth (Sep 2026) · latest quarter against a year ago
+83.6%Profit growth (Sep 2026) · latest quarter against a year ago
3.2%Revenue, 10 years · yearly growth over the long run

How much does Tata Communications earn on its capital?

Tata Communications Ltd earned a ROCE of 15% in FY26. That is up from a low of 4% in FY14. Its return on capital used (ROIC) is 2.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 4.0% net margin and 0.88× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 4.0% net margin × 0.88× asset turnover × 8.21× leverage (assets divided by equity) ≈ 28.9% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 9.7% − 12.0% = −2.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

FY26: ROCE 15%, the climb back from FY14's 4%

  • ROCE 15%
  • ROIC (annual) 9.8%
  • Cost of capital 12%
FY26: ROCE 15%, the climb back from FY14's 4%
QuarterROCEROIC (annual)Cost of capital
FY144%–12%
FY158%–12%
FY167%–12%
FY1723%–12%
FY188%–12%
FY198%–12%
FY209%–12%
FY2118%–12%
FY2222%16.2%12%
FY2324%20.4%12%
FY2418%15.8%12%
FY2515%11.7%12%
FY2615%9.8%12%
Return on capital employed each year, % (line); ROIC each year, % (line). 13-year window, low years included. The flat line is the 12.0% cost of capital used on this page.

Q2 FY27: ROCE 14.6% (last 12 months) against a 12.0% cost of capital

  • ROCE (12 months) 14.6%
  • ROIC (12 months) 8.8%
  • Cost of capital 12.0%
Q2 FY27: ROCE 14.6% (last 12 months) against a 12.0% cost of capital
QuarterROCE (12 months)ROIC (12 months)Cost of capital
Q2 FY2414.9%20.1%12%
Q3 FY24–17.6%12%
Q4 FY24–13.5%12%
Q2 FY2510.4%12%12%
Q3 FY25–10.5%12%
Q4 FY2513.7%9.8%12%
Q1 FY26–11%12%
Q2 FY2615.6%10.5%12%
Q3 FY26–10.3%12%
Q4 FY2613.9%10%12%
Q1 FY27–9.4%12%
Q2 FY2714.6%8.8%12%
ROCE and ROIC over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Tata Communications have too much debt?

Tata Communications Ltd has total debt of ₹13,371 Cr against shareholder equity of ₹3,599 Cr as of Sep 2026, so its debt is 3.72× its equity. Year by year, that ratio went from 9.55 in FY22 to 3.36 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY26: debt ₹12,262 Cr, 3.36× equity

  • Total debt ₹12,262
FY26: debt ₹12,262 Cr, 3.36× equity
QuarterTotal debt
FY22₹9,127
FY23₹8,597
FY24₹11,264
FY25₹12,373
FY26₹12,262

Debt-to-equity

  • Debt-to-equity 3.36×
Debt-to-equity
QuarterDebt-to-equity
FY229.55×
FY235.55×
FY246.29×
FY254.09×
FY263.36×
Top: total debt each year, ₹ Cr. Below: debt-to-equity, ×. 5-year window.

Sep 2026: debt ₹13,371 Cr, debt-to-equity 3.72

  • Total debt (quarterly) ₹13,371
Sep 2026: debt ₹13,371 Cr, debt-to-equity 3.72
QuarterTotal debt (quarterly)
Dec 2023₹8,812
Mar 2024₹11,264
Jun 2024₹11,264
Sep 2024₹12,420
Dec 2024₹12,420
Mar 2025₹12,373
Jun 2025₹12,373
Sep 2025₹13,331
Dec 2025₹13,331
Mar 2026₹12,262
Jun 2026₹12,262
Sep 2026₹13,371

Debt-to-equity

  • Debt-to-equity 3.72×
Debt-to-equity
QuarterDebt-to-equity
Dec 20236.05×
Mar 20246.29×
Jun 20246.29×
Sep 20246.97×
Dec 20246.97×
Mar 20254.09×
Jun 20254.09×
Sep 20254.68×
Dec 20254.68×
Mar 20263.36×
Jun 20263.36×
Sep 20263.72×
Top: total debt each quarter, ₹ Cr. Below: debt-to-equity, ×. Last 12 quarters. Indian companies report the full balance sheet every six months, so the quarter in between repeats the last reading.

What is the Tata Communications shareholding pattern?

Domestic institutions raised their stake in Tata Communications Ltd by 6.8 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 20.2% of the company. Foreign institutions moved −4.5 points over the same period, to 13.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +6.8 points over 8 quarters, to 20.2%; Foreign institutions: −4.5 points over 8 quarters, to 13.6%; Promoters: +0.0 points over 8 quarters, to 58.9%.

Why the owners changed: foreign institutions moved −4.5 points and domestic institutions +6.8 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

Year ends: domestic institutions +6.0 points from Mar 2024 to Mar 2026

  • Promoters 58.86%
  • Foreign inst. 14.44%
  • Domestic inst. 19.14%
  • Public 7.56%
Year ends: domestic institutions +6.0 points from Mar 2024 to Mar 2026
QuarterPromotersForeign inst.Domestic inst.Public
Mar 202458.86%18.24%13.14%9.77%
Mar 202558.86%16.99%14.51%9.63%
Mar 202658.86%14.44%19.14%7.56%
Shareholding at each year end (March quarter), % of the company. 3 year ends on file.

Domestic institutions raised their stake by 6.8 points over 8 quarters

  • Promoters 58.85%
  • Foreign inst. 13.55%
  • Domestic inst. 20.21%
  • Public 7.4%
Domestic institutions raised their stake by 6.8 points over 8 quarters
QuarterPromotersForeign inst.Domestic inst.Public
Sep 202358.86%17.53%13.55%10.06%
Dec 202358.86%19.2%12.12%9.81%
Mar 202458.86%18.24%13.14%9.77%
Jun 202458.86%18.09%13.15%9.91%
Sep 202458.86%18.06%13.45%9.62%
Dec 202458.86%17.8%13.66%9.68%
Mar 202558.86%16.99%14.51%9.63%
Jun 202558.86%17.17%14.83%9.14%
Sep 202558.86%13.61%19.03%8.5%
Dec 202558.86%14.46%18.49%8.19%
Mar 202658.86%14.44%19.14%7.56%
Jun 202658.86%13.75%19.85%7.53%
Sep 202658.85%13.55%20.21%7.4%
Shareholding by owner group, % of the company, each quarter, last 13 quarters.

How far is Tata Communications from balance-sheet trouble?

For Tata Communications Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

How does Tata Communications rank in its industry?

55.9 out of 100, rank 6 of 16 in Telecom Services, with 93% of the evidence available.

Tata Communications Ltd scores 55.9 out of 100 against the 16 companies it is compared with in Telecom Services, ranking 6. Relative strength against the index is 2.4%, and revenue and profit growth are weak.

The four parts add up to the total exactly: 15.9 + 17 + 7.9 + 15.1 = 55.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Tata Communications compared with?

Tata Communications ranks 6 of 16 Telecom Services companies on the 4-Factor Sector Score, with 55.9 out of 100.

  1. 1Bharti Airtel LtdBHARTIARTL · turning · Most evidence points up · 89% evidence75.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.6/35 · Revenue 19.6% · Profit -9.4% · Operating margin change 1 points · 88% evidenceCapital efficiency 21.4/25 · ROCE 17.6% · Operating margin 57% · 100% evidenceValuation 15.1/20 · P/E 39.4× · PEG 0.69 · 65% evidenceRelative strength 18.0/20 · Lead over its industry 8.8% · Lead over NIFTY 500 7.5% · 1 year -3.9% · 100% evidence · 2 of 12 weeks aheadExact sum: 20.6 + 21.4 + 15.1 + 18 = 75.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  2. 2Bharti Hexacom LtdBHARTIHEXA · breaking out · Most evidence points up · 74% evidence69.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.3/35 · Revenue 7.9% · Profit 32.8% · Operating margin change 2 points · 88% evidenceCapital efficiency 21.2/25 · ROCE 21.4% · Operating margin 53% · 100% evidenceValuation 12.1/20 · P/E 44.3× · PEG 1.18 · 65% evidenceRelative strength 12.0/20 · Lead over its industry — · Lead over NIFTY 500 7.5% · 1 year -12.1% · 25% evidence · 5 of 12 weeks aheadExact sum: 24.3 + 21.2 + 12.1 + 12 = 69.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  3. 3HFCL LtdHFCL · leader · Most evidence points up · 75% evidence69.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 30.0/35 · Revenue 100% · Profit 100% · Operating margin change 7 points · 95% evidenceCapital efficiency 12.8/25 · ROCE 10.8% · Operating margin 25% · 76% evidenceValuation 9.8/20 · P/E 40.8× · PEG — · 15% evidenceRelative strength 16.9/20 · Lead over its industry 78% · Lead over NIFTY 500 70.2% · 1 year 214.7% · 100% evidence · 10 of 12 weeks aheadExact sum: 30 + 12.8 + 9.8 + 16.9 = 69.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4ADC India Communications LtdKRONECOMM · breaking out · Evidence leans up · 78% evidence58.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.9/35 · Revenue 19% · Profit 0.3% · Operating margin change 4 points · 83% evidenceCapital efficiency 18.1/25 · ROCE 31.4% · Operating margin 17.1% · 76% evidenceValuation 6.4/20 · P/E 44.7× · PEG — · 50% evidenceRelative strength 17.4/20 · Lead over its industry 28.7% · Lead over NIFTY 500 24.8% · 1 year 41.9% · 100% evidence · 2 of 12 weeks aheadExact sum: 16.9 + 18.1 + 6.4 + 17.4 = 58.8 · What this means: Relative strength against the index is 24.8%, and revenue and profit growth are weak.
  5. 5Indus Towers LtdINDUSTOWER · turning · Evidence leans up · 100% evidence56.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 8.6/35 · Revenue 5.3% · Profit -24% · Operating margin change -2 points · 100% evidenceCapital efficiency 20.1/25 · ROCE 19.5% · Operating margin 54% · 100% evidenceValuation 16.8/20 · P/E 14× · PEG 0.46 · 100% evidenceRelative strength 10.6/20 · Lead over its industry -2.5% · Lead over NIFTY 500 -3.5% · 1 year 4% · 100% evidence · 0 of 12 weeks aheadExact sum: 8.6 + 20.1 + 16.8 + 10.6 = 56.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.
  6. 6Tata Communications Ltd this pageTATACOMM · turning · Evidence leans up · 93% evidence55.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 15.9/35 · Revenue 9.1% · Profit -34% · Operating margin change 2 points · 100% evidenceCapital efficiency 17.0/25 · ROCE 14.6% · Operating margin 21% · 100% evidenceValuation 7.9/20 · P/E 39.4× · PEG 2.22 · 65% evidenceRelative strength 15.1/20 · Lead over its industry 4.3% · Lead over NIFTY 500 2.4% · 1 year -10.7% · 100% evidence · 0 of 12 weeks aheadExact sum: 15.9 + 17 + 7.9 + 15.1 = 55.9 · What this means: Relative strength against the index is 2.4%, and revenue and profit growth are weak.
  7. 7Tata Teleservices (Maharashtra) LtdTTML · basing · Evidence leans up · 74% evidence50.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.0/35 · Revenue -0.7% · Profit 100% · Operating margin change 4 points · 74% evidenceCapital efficiency 17.9/25 · ROCE 55.6% · Operating margin 53% · 100% evidenceValuation 8.7/20 · P/E 182.8× · PEG — · 15% evidenceRelative strength 6.9/20 · Lead over its industry -13.6% · Lead over NIFTY 500 -14.6% · 1 year -37.1% · 100% evidence · 0 of 12 weeks aheadExact sum: 17 + 17.9 + 8.7 + 6.9 = 50.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  8. 8Suyog Telematics LtdSUYOG · quiet · Evidence leans down · 78% evidence48.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.0/35 · Revenue 11.4% · Profit 50% · Operating margin change -1 points · 83% evidenceCapital efficiency 16.2/25 · ROCE 14.4% · Operating margin 60% · 76% evidenceValuation 12.6/20 · P/E 8.7× · PEG — · 50% evidenceRelative strength 0.0/20 · Lead over its industry -33.1% · Lead over NIFTY 500 -34.4% · 1 year -42.9% · 100% evidence · 0 of 12 weeks aheadExact sum: 20 + 16.2 + 12.6 + 0 = 48.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  9. 9Vodafone Idea LtdIDEA · quiet · Evidence leans down · 71% evidence47.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 18.5/35 · Revenue 3.3% · Profit 100% · Operating margin change 1 points · 65% evidenceCapital efficiency 6.1/25 · ROCE -1.7% · Operating margin 43% · 100% evidenceValuation 11.3/20 · P/E 3.6× · PEG — · 15% evidenceRelative strength 11.3/20 · Lead over its industry 5.8% · Lead over NIFTY 500 3.3% · 1 year 35.5% · 100% evidence · 2 of 12 weeks aheadExact sum: 18.5 + 6.1 + 11.3 + 11.3 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  10. 10NELCO LtdNELCO · quiet · Evidence leans down · 68% evidence39.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 13.5/35 · Revenue 6.2% · Profit -7.5% · Operating margin change 1.5 points · 100% evidenceCapital efficiency 8.7/25 · ROCE 7.2% · Operating margin 11.6% · 100% evidenceValuation 8.5/20 · P/E 254× · PEG — · 15% evidenceRelative strength 9.1/20 · Lead over its industry — · Lead over NIFTY 500 -8% · 1 year -22.5% · 25% evidence · 7 of 12 weeks aheadExact sum: 13.5 + 8.7 + 8.5 + 9.1 = 39.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  11. 11GTL Infrastructure LtdGTLINFRA · basing · Too little evidence to rank firmly · 56% evidence39.3out of 100GrowthCapitalValuationRelative
  12. 12ITI LtdITI · quiet · Most evidence points down · 71% evidence34.2out of 100GrowthCapitalValuationRelative
  13. 13Tejas Networks LtdTEJASNET · basing · Most evidence points down · 71% evidence28.6out of 100GrowthCapitalValuationRelative
  14. 14OnMobile Global LtdONMOBILE · basing · Most evidence points down · 65% evidence25.3out of 100GrowthCapitalValuationRelative
  15. 15Sar Televenture LtdSARTELE · Too little evidence to rank firmly · 39% evidence58.7out of 100GrowthCapitalValuationRelative
  16. 16Mahanagar Telephone Nigam LtdMTNL · basing · Too little evidence to rank firmly · 46% evidence37.9out of 100GrowthCapitalValuationRelative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Telecom Services, all 16 compared on one page.

Which companies are close to Tata Communications in size?

Tata Communications is the 5th largest of 16 Telecom Services companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Vodafone Idea, Indus Towers and Bharti Hexacom. Just below it: HFCL, ITI and Tejas Networks.

Telecom Services companies close in size

  1. Vodafone Idea Ltd ₹1,28,170 crore
  2. Indus Towers Ltd ₹99,802 crore
  3. Bharti Hexacom Ltd ₹81,810 crore
  4. Tata Communications Ltd ₹47,763 crore
  5. HFCL Ltd ₹35,401 crore
  6. ITI Ltd ₹20,799 crore
  7. Tejas Networks Ltd ₹7,178 crore

All 16 Telecom Services companies, largest first

Companies close in size in other industries

  1. Mphasis Ltd ₹48,226 crore · IT - Software
  2. Linde India Ltd ₹48,196 crore · Industrial Gas
  3. Tata Communications Ltd ₹47,763 crore
  4. Godrej Properties Ltd ₹47,232 crore · Realty - National
  5. Aditya Infotech Ltd ₹46,739 crore · CCTV Camera

What else do people ask about Tata Communications?

What is Tata Communications's share price today?

Tata Communications Ltd's share price is ₹1,754.60, −5.1% over the past year. The whole company is worth ₹50,033 Cr on the market.

In the last 52 weeks it traded between ₹1,387 to ₹2,029; today it is 57% of the way up from the low, 1.8% above its 200-day average (as of 4 November 2026).

What were Tata Communications's latest quarterly results?

Tata Communications Ltd reported revenue of ₹6,688 Cr and net profit of ₹336 Cr for the Sep 2026 quarter. Revenue rose 9.6% and profit rose 83.6% compared with a year earlier. Earnings per share were ₹11.96.

The operating margin was 21.0%, 2.0 percentage points higher than a year earlier (as of 4 November 2026).

What is Tata Communications's market cap?

Tata Communications Ltd's market capitalisation is ₹50,033 Cr at a share price of ₹1,754.60. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is Tata Communications performing?

Tata Communications Ltd's share price has been falling for 4 weeks. In its latest quarter, revenue rose 9.6% and profit rose 83.6% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 2 weeks running (as of 4 November 2026).

Will Tata Communications's share price go up?

This page does not forecast Tata Communications Ltd's share price. What it shows instead: the share price is ₹1,754.60, and it has been falling for 4 weeks. Its P/E of 41.3× is higher than 66% of its own last 11 years (as of 4 November 2026).

Does Tata Communications have too much debt?

Yes, Tata Communications Ltd has a lot of debt: its debt is 3.55× its equity, and its operating profit is 6 times its interest bill. FY26 borrowings were ₹12,249 Cr against equity of ₹3,447 Cr.

Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026).

Where is Tata Communications in its business cycle?

Tata Communications Ltd's FY26 operating margin was 19.0%, against a 13-year range of 11.0% to 25.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 21.0%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the Tata Communications story?

The main question: the share price moved −5.1% in a year while yearly earnings per share moved −45.5%. The difference came from the market paying a higher multiple.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is Tata Communications a stock worth studying right now?

What the numbers show: Tata Communications Ltd's share price has risen faster than its earnings: −5.1% in a year, against −45.5% for earnings per share. The main open question: whether earnings grow into a price that has already moved.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Is there a Tata Communications share price forecast for 2026?

What management itself guided: FY27 operating profit growth in double digits.

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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