# Tata Communications share price today (Tata Communications Ltd, NSE: TATACOMM)

> Tata Communications share price today: ₹1,759.20 at the NSE close on 3 November 2026, down 6.2% in a year. Tata Communications (NSE: TATACOMM) is worth ₹50,164 crore, trades at a P/E of 41.4 and has closed between ₹1,387.30 and ₹2,028.50 over the past 52 weeks. > Tata Communications Ltd's share price has risen faster than its earnings: −6.2% in a year, against −45.5% for earnings per share. TATACOMM · Telecom Services · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/tata-communications-ltd

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## Key numbers

- Business trend: Slowing from a peak, from the last 12 quarters
- Price: ₹1,759.20 (−6.2% in a year)
- P/E: 41.4× (higher than 66% of the last 11 years)
- Revenue (Sep 2026): ₹6,688 Cr (+9.6% on a year ago)
- Profit (Sep 2026): ₹336 Cr (+83.6% on a year ago)
- Operating margin: 21.0% (+2.0 points on a year ago)
- ROCE: 15%, FY26
- ROIC: 9.7%, against a 12.0% cost of capital: −2.3 points

The main question: the share price moved −6.2% in a year while yearly earnings per share moved −45.5%. The difference came from the market paying a higher multiple. ## What is the Tata Communications share price today? Tata Communications Ltd's share price was ₹1,759.20 at the close on 3 November 2026. It has been falling for 4 weeks. That is 2.1% 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 58% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 2 weeks in a row. Over the last 11 years the share price moved +684% 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| 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 margin | 21.0% | 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 ₹1,759.20 on 3 November 2026, down 6.2% from ₹1,875.40 a year earlier (31 October 2025) and up 34.3% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,654.40 | +6.3% |
| 1 month ago · 1 Oct 2026 | ₹1,683.00 | +4.5% |
| 6 months ago · 30 Apr 2026 | ₹1,580.50 | +11.3% |
| 1 year ago · 31 Oct 2025 | ₹1,875.40 | −6.2% |
| 3 years ago · 3 Nov 2023 | ₹1,703.60 | +3.3% |
| 5 years ago · 4 Nov 2021 | ₹1,310.30 | +34.3% |
| 10 years ago · 4 Nov 2016 | ₹387.29 | +354.2% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹224.26 | +684.4% |
| Highest weekly close since March 2016 · 27 Sep 2024 | ₹2,126.45 | −17.3% |
| 52-week high (weekly close) · 24 Jun 2026 | ₹2,028.50 | −13.3% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹1,387.30 | +26.8% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Tata Communications? 3 Nov 2026: Tata Communications closed at ₹1,759.20, up 6.3% on the week and up 4.5% 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 4 November 2026 (1 payment), a yield of 0.99% at the ₹1,759.20 close on 3 November 2026. The last was a dividend of ₹17.50 a share, ex-date 19 June 2026. ### Tata Communications dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 19 Jun 2026 | ₹17.50 | Dividend | same day |
| 19 Jun 2025 | ₹25 | Dividend | same day |
| 1 Jul 2024 | ₹16.70 | Dividend | same day |
| 26 Jun 2023 | ₹21 | Dividend | same day |
| 10 Jun 2022 | ₹20.70 | Dividend | 13 Jun 2022 |
| 17 Jun 2021 | ₹14 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of 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 4 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](https://files.tijoristack.ai/concall/transcript/342-15-Oct-2026.pdf). (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. - 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. [Small & mid cap stocks Size rank in India: 196](https://www.sectoralpha.in/small-cap-stocks-india)

## 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. For the full year, FY26 profit was ₹997 Cr (−45.7% on the year 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. The last four reported quarters add to ₹26,014 Cr. FY26 revenue was ₹24,803 Cr, +7.3% on the year 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. 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. ## 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. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. 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. 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. 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. 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 41.4×, 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. 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. Why the multiple is where it is: over the past year earnings per share moved −45.5% while the price moved −6.2%. 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 +6.1% a year; about −1.7% a year came from earnings growth and about +7.8 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. Why it matters: slowing from a peak is where good stories often end quietly. ## 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. 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. ## 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. ## 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. 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. ## 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. ## 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. [Bharti Airtel Ltd](https://www.sectoralpha.in/stocks/bharti-airtel-ltd) BHARTIARTL · turning · Most evidence points up · 89% evidence 75.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Revenue 19.6% · Profit -9.4% · Operating margin change 1 points · 88% evidence Capital efficiency 21.4/25 · ROCE 17.6% · Operating margin 57% · 100% evidence Valuation 15.1/20 · P/E 39.4× · PEG 0.69 · 65% evidence Relative 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 ahead Exact 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. [Bharti Hexacom Ltd](https://www.sectoralpha.in/stocks/bharti-hexacom-ltd) BHARTIHEXA · breaking out · Most evidence points up · 74% evidence 69.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 7.9% · Profit 32.8% · Operating margin change 2 points · 88% evidence Capital efficiency 21.2/25 · ROCE 21.4% · Operating margin 53% · 100% evidence Valuation 12.1/20 · P/E 44.3× · PEG 1.18 · 65% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 7.5% · 1 year -12.1% · 25% evidence · 5 of 12 weeks ahead Exact 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. [HFCL Ltd](https://www.sectoralpha.in/stocks/hfcl-ltd) HFCL · leader · Most evidence points up · 75% evidence 69.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.0/35 · Revenue 100% · Profit 100% · Operating margin change 7 points · 95% evidence Capital efficiency 12.8/25 · ROCE 10.8% · Operating margin 25% · 76% evidence Valuation 9.8/20 · P/E 40.8× · PEG n/a · 15% evidence Relative 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 ahead Exact 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. [ADC India Communications Ltd](https://www.sectoralpha.in/stocks/adc-india-communications-ltd) KRONECOMM · breaking out · Evidence leans up · 78% evidence 58.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 19% · Profit 0.3% · Operating margin change 4 points · 83% evidence Capital efficiency 18.1/25 · ROCE 31.4% · Operating margin 17.1% · 76% evidence Valuation 6.4/20 · P/E 44.7× · PEG n/a · 50% evidence Relative 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 ahead Exact 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. [Indus Towers Ltd](https://www.sectoralpha.in/stocks/indus-towers-ltd) INDUSTOWER · turning · Evidence leans up · 100% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.6/35 · Revenue 5.3% · Profit -24% · Operating margin change -2 points · 100% evidence Capital efficiency 20.1/25 · ROCE 19.5% · Operating margin 54% · 100% evidence Valuation 16.8/20 · P/E 14× · PEG 0.46 · 100% evidence Relative 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 ahead Exact 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. Tata Communications Ltd this page TATACOMM · turning · Evidence leans up · 93% evidence 55.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 9.1% · Profit -34% · Operating margin change 2 points · 100% evidence Capital efficiency 17.0/25 · ROCE 14.6% · Operating margin 21% · 100% evidence Valuation 7.9/20 · P/E 39.4× · PEG 2.22 · 65% evidence Relative 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 ahead Exact 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. [Tata Teleservices (Maharashtra) Ltd](https://www.sectoralpha.in/stocks/tata-teleservices-maharashtraltd) TTML · basing · Evidence leans up · 74% evidence 50.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue -0.7% · Profit 100% · Operating margin change 4 points · 74% evidence Capital efficiency 17.9/25 · ROCE 55.6% · Operating margin 53% · 100% evidence Valuation 8.7/20 · P/E 178.6× · PEG n/a · 15% evidence Relative 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 ahead Exact 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. [Suyog Telematics Ltd](https://www.sectoralpha.in/stocks/suyog-telematics-ltd) SUYOG · quiet · Evidence leans down · 78% evidence 48.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.0/35 · Revenue 11.4% · Profit 50% · Operating margin change -1 points · 83% evidence Capital efficiency 16.2/25 · ROCE 14.4% · Operating margin 60% · 76% evidence Valuation 12.6/20 · P/E 8.7× · PEG n/a · 50% evidence Relative 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 ahead Exact 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. [Vodafone Idea Ltd](https://www.sectoralpha.in/stocks/vodafone-idea-ltd) IDEA · quiet · Evidence leans down · 71% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.5/35 · Revenue 3.3% · Profit 100% · Operating margin change 1 points · 65% evidence Capital efficiency 6.1/25 · ROCE -1.7% · Operating margin 43% · 100% evidence Valuation 11.3/20 · P/E 3.5× · PEG n/a · 15% evidence Relative 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 ahead Exact 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. [NELCO Ltd](https://www.sectoralpha.in/stocks/nelco-ltd) NELCO · quiet · Evidence leans down · 68% evidence 39.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.5/35 · Revenue 6.2% · Profit -7.5% · Operating margin change 1.5 points · 100% evidence Capital efficiency 8.7/25 · ROCE 7.2% · Operating margin 11.6% · 100% evidence Valuation 8.5/20 · P/E 254× · PEG n/a · 15% evidence Relative strength 9.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -8% · 1 year -22.5% · 25% evidence · 7 of 12 weeks ahead Exact 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. [GTL Infrastructure Ltd](https://www.sectoralpha.in/stocks/gtl-infrastructure-ltd) GTLINFRA · basing · Too little evidence to rank firmly · 56% evidence 39.3 out of 100 Growth Capital Valuation Relative
12. [ITI Ltd](https://www.sectoralpha.in/stocks/iti-ltd) ITI · quiet · Most evidence points down · 71% evidence 34.2 out of 100 Growth Capital Valuation Relative
13. [Tejas Networks Ltd](https://www.sectoralpha.in/stocks/tejas-networks-ltd) TEJASNET · basing · Most evidence points down · 71% evidence 28.6 out of 100 Growth Capital Valuation Relative
14. [OnMobile Global Ltd](https://www.sectoralpha.in/stocks/onmobile-global-ltd) ONMOBILE · basing · Most evidence points down · 65% evidence 25.3 out of 100 Growth Capital Valuation Relative
15. [Sar Televenture Ltd](https://www.sectoralpha.in/stocks/sar-televenture-ltd) SARTELE · Too little evidence to rank firmly · 39% evidence 58.7 out of 100 Growth Capital Valuation Relative
16. [Mahanagar Telephone Nigam Ltd](https://www.sectoralpha.in/stocks/mahanagar-telephone-nigam-ltd) MTNL · basing · Too little evidence to rank firmly · 46% evidence 37.9 out of 100 Growth Capital Valuation Relative

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](https://www.sectoralpha.in/sectors/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](https://www.sectoralpha.in/stocks/vodafone-idea-ltd) ₹1,28,170 crore
2. [Indus Towers Ltd](https://www.sectoralpha.in/stocks/indus-towers-ltd) ₹99,802 crore
3. [Bharti Hexacom Ltd](https://www.sectoralpha.in/stocks/bharti-hexacom-ltd) ₹81,810 crore
4. Tata Communications Ltd ₹47,763 crore
5. [HFCL Ltd](https://www.sectoralpha.in/stocks/hfcl-ltd) ₹35,401 crore
6. [ITI Ltd](https://www.sectoralpha.in/stocks/iti-ltd) ₹20,799 crore
7. [Tejas Networks Ltd](https://www.sectoralpha.in/stocks/tejas-networks-ltd) ₹7,178 crore

[All 16 Telecom Services companies, largest first](https://www.sectoralpha.in/sectors/telecom-services#all-companies)

### Companies close in size in other industries

1. [Mphasis Ltd](https://www.sectoralpha.in/stocks/mphasis-ltd) ₹48,226 crore · IT - Software
2. [Linde India Ltd](https://www.sectoralpha.in/stocks/linde-india-ltd) ₹48,196 crore · Industrial Gas
3. Tata Communications Ltd ₹47,763 crore
4. [Yes Bank Ltd](https://www.sectoralpha.in/stocks/yes-bank-ltd) ₹47,555 crore · Banks - Private
5. [Godrej Properties Ltd](https://www.sectoralpha.in/stocks/godrej-properties-ltd) ₹47,232 crore · Realty - National

## What else do people ask about Tata Communications? ### What is Tata Communications's share price today? Tata Communications Ltd's share price is ₹1,759.20, −6.2% over the past year. The whole company is worth ₹50,164 Cr on the market. In the last 52 weeks it traded between ₹1,387 to ₹2,029; today it is 58% of the way up from the low, 2.1% above its 200-day average (as of 3 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 3 November 2026). ### What is Tata Communications's market cap? Tata Communications Ltd's market capitalisation is ₹50,164 Cr at a share price of ₹1,759.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 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 3 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 ₹1,759.20, and it has been falling for 4 weeks. Its P/E of 41.4× is higher than 66% of its own last 11 years (as of 3 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 3 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 3 November 2026). ### What could break the Tata Communications story? The main question: the share price moved −6.2% 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 3 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: −6.2% 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 3 November 2026). ### Is there a Tata Communications share price forecast for 2026? What management itself guided: FY27 operating profit growth in double digits. ## Lists

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