Tata Communications Limited

NSEI:TATACOMM Stock Report

Market Cap: ₹560.5b

Tata Communications Future Growth

Future criteria checks 4/6

Tata Communications is forecast to grow earnings and revenue by 29.5% and 8.5% per annum respectively. EPS is expected to grow by 30% per annum. Return on equity is forecast to be 41.6% in 3 years.

Key information

29.5%

Earnings growth rate

29.98%

EPS growth rate

Telecom earnings growth5.4%
Revenue growth rate8.5%
Future return on equity41.65%
Analyst coverage

Good

Last updated11 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Mar 28

TATACOMM: Rail Partnership And AI Infrastructure Will Drive Future Upside

Analysts have maintained their fair value estimate for Tata Communications at ₹1,987.89, making only minor adjustments to assumptions such as the discount rate and future P/E. This reflects largely unchanged views on the stock’s medium-term risk and earnings profile.
Narrative Update • Mar 12

TATACOMM: Rail Network Alliance And AI Rollout Will Support Upside

Analysts have inched up their fair value estimate for Tata Communications from about ₹1,982 to roughly ₹1,988, reflecting small tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Tata Communications and RailTel Corporation of India have formed an association to combine RailTel's 63,000 km domestic optical fibre network with Tata Communications' global networks, cloud, communications platforms and cybersecurity offerings, with a focus on modernising network infrastructure, cyber protection and cloud adoption for government and enterprise customers (Key Developments).
New Narrative • Mar 09

AI And SASE Demand Will Support A Stronger Long Term Telecom Platform

Catalysts About Tata Communications Tata Communications provides global digital infrastructure services, including core connectivity, cloud, security and customer interaction solutions for enterprises. What are the underlying business or industry changes driving this perspective?
Narrative Update • Feb 26

TATACOMM: New Leadership And AI Platforms Will Support Future Upside

Analysts have kept their fair value estimate for Tata Communications steady at ₹1,981.8, with only small tweaks to assumptions for discount rate, revenue growth, profit margin and future P/E. Together, these factors support the updated price target narrative.
Narrative Update • Feb 11

TATACOMM: New Leadership And AI Suite Will Support Future Upside

Analysts have kept their fair value estimate for Tata Communications steady at ₹1,981.80. A slightly lower discount rate and a marginally adjusted future P/E assumption support the unchanged price target.
Analysis Article • Feb 07

Tata Communications Limited's (NSE:TATACOMM) Share Price Could Signal Some Risk

With a price-to-earnings (or "P/E") ratio of 28.7x Tata Communications Limited ( NSE:TATACOMM ) may be sending bearish...
Narrative Update • Jan 27

TATACOMM: New Leadership And AI CX Expansion Will Drive Upside

Analysts have trimmed their price target on Tata Communications from ₹2,081.70 to ₹1,981.80, citing refreshed assumptions for discount rate, revenue growth, profit margin and future P/E that slightly temper their earlier outlook. What's in the News The board has appointed industry veteran Ganesh Lakshminarayanan as Managing Director and Chief Executive Officer (Designate).
New Narrative • Jan 23

AI Infrastructure And SASE Tailwinds Will Support Gradual Margin Gains Without Repricing

Catalysts About Tata Communications Tata Communications provides global core connectivity and digital infrastructure services across data, cloud, security, media and customer interaction platforms. What are the underlying business or industry changes driving this perspective?
Analysis Article • Jan 23

Tata Communications (NSE:TATACOMM) Has Some Way To Go To Become A Multi-Bagger

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Narrative Update • Jan 11

TATACOMM: Expanding AI CX And Fan Loyalty Platforms Will Drive Upside

Analysts have nudged their price target on Tata Communications slightly higher, lifting fair value from ₹2,073.70 to ₹2,081.70 as they factor in updated assumptions around revenue growth, profit margins and future P/E expectations. What's in the News Tata Communications, Real Madrid CF and Footballerista Mobile (Suisse) AG are rolling out the Madridista Premium loyalty programme in India, targeting more than 22,000,000 fans and 11 official fan clubs across the country (Key Developments).
Narrative Update • Dec 26

TATACOMM: Expanding AI Voice And Loyalty Platforms Will Drive Long-Term Upside

Analysts have modestly reaffirmed their outlook on Tata Communications, keeping the fair value estimate steady at ₹2,073.7. Slightly lower discount rate assumptions offset unchanged expectations for revenue growth, profit margins and future valuation multiples. What's in the News Tata Communications, Real Madrid CF and Footballerista Mobile launch the exclusive Madridista Premium loyalty programme in India.
Analysis Article • Dec 21

Calculating The Intrinsic Value Of Tata Communications Limited (NSE:TATACOMM)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Tata Communications fair value estimate is ₹1,823 Current...
Narrative Update • Dec 12

TATACOMM: Expanding AI-Powered Customer Engagement Will Drive Long-Term Upside

Analysts have modestly raised their price target on Tata Communications to ₹2,073.70. This reflects slightly higher long term profitability expectations and a marginal uptick in assumed valuation multiples, despite only minor adjustments to growth and discount rate assumptions.
Narrative Update • Nov 27

TATACOMM: Expanding Global Partnerships And AI Solutions Will Drive Long-Term Gains

Analysts have raised the fair value price target for Tata Communications from ₹2,055.20 to ₹2,073.70. This change reflects updated expectations for future earnings potential and growth prospects.
Analysis Article • Nov 15

Does Tata Communications (NSE:TATACOMM) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Narrative Update • Nov 13

TATACOMM: Expanding Global Partnerships And AI Offerings Will Support Steady Outlook

Analysts have maintained their price target for Tata Communications at ₹2,055.20, citing a stable outlook and minor adjustments to discount rate projections. What's in the News Tata Communications, Real Madrid CF, and Footballerista Mobile launched the Madridista Premium loyalty programme in India to engage over 22 million fans.
Narrative Update • Oct 30

TATACOMM: Recent Partnerships And Digital Solutions Will Support Measured Upside Ahead

Analysts have raised their price target for Tata Communications from ₹1,983.70 to ₹2,055.20, citing incremental improvements in projected revenue growth and valuation multiples. What's in the News Tata Communications launched its Voice AI platform, an industry-first speech-to-speech customer engagement solution featuring instant decision making, multilingual fluency, and under 500 milliseconds latency performance.
Narrative Update • Oct 16

Digital Transformation And Cybersecurity Demand Will Sustain Future Resilience

Analysts have raised their price target for Tata Communications from ₹1,916.80 to ₹1,983.70. They cite improved revenue growth and profit margin forecasts as key factors in their revised outlook.
Analysis Article • Oct 07

Investor Optimism Abounds Tata Communications Limited (NSE:TATACOMM) But Growth Is Lacking

When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 28x, you may consider Tata...
Analysis Article • Sep 17

A Look At The Intrinsic Value Of Tata Communications Limited (NSE:TATACOMM)

Key Insights The projected fair value for Tata Communications is ₹1,434 based on 2 Stage Free Cash Flow to Equity With...
Narrative Update • Sep 05

Digital Transformation And Cybersecurity Demand Will Sustain Future Resilience

With both Future P/E and Net Profit Margin remaining essentially stable, analysts kept Tata Communications’ consensus price target unchanged at ₹1917. What's in the News Tata Communications and Amazon Web Services (AWS) announced a strategic collaboration to build an advanced AI-ready national network in India, connecting AWS infrastructure in Mumbai, Hyderabad, and Chennai to enable high-bandwidth, low-latency connectivity for AI and machine learning workloads.
Analysis Article • Sep 02

Tata Communications (NSE:TATACOMM) Is Looking To Continue Growing Its Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Analysis Article • Jul 03

Here's Why Tata Communications Limited's (NSE:TATACOMM) CEO Compensation Is The Least Of Shareholders' Concerns

Key Insights Tata Communications will host its Annual General Meeting on 9th of July Salary of ₹68.7m is part of CEO...
User avatar
New Narrative • Dec 05

Robust Digital Growth And Critical Expansion Set To Propel Telecom's Promising Future

Focus on digital services and strategic asset monetization is boosting revenue growth and enhancing financial stability.

Earnings and Revenue Growth Forecasts

NSEI:TATACOMM - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2029320,38524,80528,59259,8964
3/31/2028296,18122,79725,56758,85110
3/31/2027270,30316,88123,07651,00410
3/31/2026248,02710,43820,45944,791N/A
12/31/2025242,38915,415N/AN/AN/A
9/30/2025238,48014,3289,18732,758N/A
6/30/2025234,76115,008N/AN/AN/A
3/31/2025231,08616,2537,05229,108N/A
12/31/2024229,47510,634N/AN/AN/A
9/30/2024227,2579,2614,16624,696N/A
6/30/2024218,3089,195N/AN/AN/A
3/31/2024207,84711,23510,99731,820N/A
12/31/2023198,4589,732N/AN/AN/A
9/30/2023187,40913,22314,25132,826N/A
6/30/2023182,99116,339N/AN/AN/A
3/31/2023178,38317,96028,91243,844N/A
12/31/2022175,32618,350N/AN/AN/A
9/30/2022171,89218,36333,44249,490N/A
6/30/2022169,32517,294N/AN/AN/A
3/31/2022167,24714,81825,47442,038N/A
12/31/2021165,35014,159N/AN/AN/A
9/30/2021165,72913,29819,78233,908N/A
6/30/2021168,00012,889N/AN/AN/A
3/31/2021171,00112,50618,16231,798N/A
12/31/2020174,2486,764N/AN/AN/A
9/30/2020174,3074,25813,99129,401N/A
6/30/2020173,023952N/AN/AN/A
3/31/2020170,680-8608,43825,248N/A
12/31/2019169,143-98N/AN/AN/A
9/30/2019169,5501,050N/A23,139N/A
6/30/2019167,505527N/AN/AN/A
3/31/2019165,256-824N/A18,443N/A
12/31/2018162,142-45N/AN/AN/A
9/30/2018160,895-1,677N/AN/AN/A
6/30/2018162,666-4,193N/AN/AN/A
3/31/2018167,852-3,286N/A17,128N/A
12/31/2017170,155-11,910N/AN/AN/A
9/30/2017172,610-12,004N/AN/AN/A
6/30/2017175,524-8,659N/AN/AN/A
3/31/2017176,993-7,640N/A23,935N/A
12/31/2016204,016-1,456N/AN/AN/A
9/30/2016205,616-636N/AN/AN/A
6/30/2016204,312-2,134N/AN/AN/A
3/31/2016182,2772,276N/A23,627N/A
12/31/2015183,218-513N/AN/AN/A
9/30/2015181,368353N/AN/AN/A
6/30/2015200,079-112N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TATACOMM's forecast earnings growth (29.5% per year) is above the savings rate (6.9%).

Earnings vs Market: TATACOMM's earnings (29.5% per year) are forecast to grow faster than the Indian market (16% per year).

High Growth Earnings: TATACOMM's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TATACOMM's revenue (8.5% per year) is forecast to grow slower than the Indian market (10.8% per year).

High Growth Revenue: TATACOMM's revenue (8.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TATACOMM's Return on Equity is forecast to be very high in 3 years time (41.6%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/12 02:21
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tata Communications Limited is covered by 33 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Piyush Pandey360 ONE Capital Market Private Limited
Yogesh KirveAnand Rathi Shares and Stock Brokers Limited
Rumit DugarBOB Capital Markets Ltd.