Tata Communications Ltd

Tata Comm Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tata Communications Ltd

₹ 1,712 -1.45%
21 Nov - close price
tatacommunications.com BSE: 500483 NSE: TATACOMM
About

Tata Communications was incorporated on March 19, 1986 as VSNL. In February 2002, the Government of India, as per their disinvestments plan, sold 25% of their holding in the company to the strategic partner. Consequently, the company was taken over under the administrative control of TATA. [1] It is the leading global digital ecosystem enabler. It has a leadership position in emerging markets, and an infrastructure that spans the globe. It delivers managed solutions to multinational companies and service providers. It partners with 300 of the Fortune 500 companies with their state-of the-art solutions, including a wide range of communication, collaboration, cloud, mobility, connected solutions, network and data center services. [2]

Key Points

Overview & History[1]
The company was incorporated in 1986, as VSNL (a wholly owned government entity). TATA group acquired 50% stake in the company in 2002 and changed its name to TCL in 2008. In FY21, Government of India divested its entire shareholding of 26.12%, of which 16.12% was sold to the general public, while the balance 10% was sold to PFL (a WOS of TSPL) through an off-market inter se transfer of shares between the promoters. As of FY23, TS holds a 58.86% stake. TCL owns and operates the world’s only wholly owned fibre optic sub-sea network ring around the globe and is the world’s largest wholesale voice provider. It offers international and national voice and data transmission services, selling and leasing of bandwidth
on undersea cable systems, Internet dial up, and broadband services and other value-added services comprising mainly mobile
global roaming and signalling services, transponder lease, telex and telegraph, and television up linking.
TCL’s businesses are primarily divided into the following segments: DMS, Voice Services (VS), transformation services, payment
solutions, and real estate.

Website BSE NSE
  • Market Cap ₹ 48,779 Cr.
  • Current Price ₹ 1,712
  • High / Low ₹ 2,175 / 1,586
  • Stock P/E 109
  • Book Value ₹ 338
  • Dividend Yield 0.98 %
  • ROCE 10.7 %
  • ROE 7.44 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 71.6%

Cons

  • Stock is trading at 5.06 times its book value
  • The company has delivered a poor sales growth of 8.20% over past five years.
  • Company has a low return on equity of 9.39% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Telecomm-Service Industry: Telecommunications - Service Provider

Part of Nifty LargeMidcap 250 Nifty 200 BSE Allcap BSE Telecommunication BSE 150 MidCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,628 1,658 1,725 1,720 1,775 1,844 1,897 1,975 2,008 2,005 2,004 1,809 1,794
1,096 1,152 1,282 1,250 1,325 1,382 1,432 1,485 1,558 1,514 1,532 1,404 1,385
Operating Profit 532 506 444 470 450 461 465 490 450 492 472 404 409
OPM % 33% 31% 26% 27% 25% 25% 25% 25% 22% 25% 24% 22% 23%
54 47 299 259 113 75 -226 211 46 -121 94 269 -268
Interest 22 22 20 25 23 21 20 15 23 54 63 42 60
Depreciation 229 230 238 232 232 237 295 249 255 261 273 246 249
Profit before tax 334 301 485 471 308 278 -76 436 218 55 230 385 -168
Tax % 25% 25% 26% 24% 24% 25% 81% 25% 24% 150% 24% 11% -29%
252 226 356 360 235 209 -138 328 164 -28 174 342 -120
EPS in Rs 8.83 7.91 12.51 12.62 8.26 7.33 -4.83 11.51 5.77 -0.98 6.10 12.00 -4.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
4,416 4,376 4,319 4,790 5,068 5,252 5,389 5,750 6,225 6,587 7,236 7,992 7,612
3,416 3,378 3,291 3,598 3,875 3,982 4,163 4,178 4,242 4,632 5,390 6,088 5,835
Operating Profit 1,000 998 1,028 1,192 1,193 1,270 1,226 1,572 1,984 1,956 1,846 1,904 1,777
OPM % 23% 23% 24% 25% 24% 24% 23% 27% 32% 30% 26% 24% 23%
539 545 719 187 807 89 -575 -166 325 569 221 230 -25
Interest 120 60 25 31 31 40 36 55 107 89 90 156 219
Depreciation 762 680 719 743 765 830 891 977 973 916 996 1,038 1,030
Profit before tax 657 803 1,003 605 1,205 489 -276 374 1,229 1,520 981 940 503
Tax % 28% 32% 33% 35% 43% 45% 60% 44% 22% 23% 32% 32%
475 542 675 393 690 267 -442 209 963 1,167 666 639 368
EPS in Rs 16.68 19.03 23.67 13.78 24.20 9.36 -15.52 7.33 33.78 40.96 23.37 22.41 12.91
Dividend Payout % 18% 24% 23% 31% 25% 48% -29% 55% 41% 51% 90% 75%
Compounded Sales Growth
10 Years: 6%
5 Years: 8%
3 Years: 9%
TTM: -1%
Compounded Profit Growth
10 Years: 5%
5 Years: 153%
3 Years: -7%
TTM: -46%
Stock Price CAGR
10 Years: 20%
5 Years: 36%
3 Years: 12%
1 Year: 0%
Return on Equity
10 Years: 6%
5 Years: 9%
3 Years: 9%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 285 285 285 285 285 285 285 285 285 285 285 285 285
Reserves 7,231 7,601 8,067 8,611 8,970 8,518 7,914 7,936 8,782 9,518 9,576 9,605 9,351
775 941 581 684 737 524 451 1,012 1,032 948 962 3,176 3,667
2,581 2,702 2,800 2,942 3,153 3,575 3,964 4,257 4,100 3,970 4,442 4,717 4,458
Total Liabilities 10,872 11,529 11,733 12,522 13,145 12,903 12,614 13,490 14,198 14,720 15,265 17,784 17,761
4,833 4,237 4,174 3,810 3,997 4,112 4,597 5,252 5,061 5,060 5,005 5,334 4,939
CWIP 175 310 236 358 496 376 210 149 205 448 701 731 556
Investments 2,493 3,003 4,124 4,688 5,366 4,211 3,873 4,038 4,736 4,277 4,417 6,083 6,503
3,371 3,979 3,198 3,667 3,286 4,204 3,933 4,050 4,196 4,936 5,142 5,636 5,763
Total Assets 10,872 11,529 11,733 12,522 13,145 12,903 12,614 13,490 14,198 14,720 15,265 17,784 17,761

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,595 1,204 1,461 908 971 1,029 1,248 1,108 1,647 2,173 2,087 2,106
-522 -1,014 -1,278 -850 -865 -61 -1,450 -1,093 -1,454 -1,708 -1,224 -3,500
-799 2 -553 -127 -90 -442 -263 1 -159 -563 -710 1,410
Net Cash Flow 274 193 -371 -69 16 525 -466 17 35 -99 153 16

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 71 57 61 64 58 85 88 82 64 61 59 56
Inventory Days
Days Payable
Cash Conversion Cycle 71 57 61 64 58 85 88 82 64 61 59 56
Working Capital Days -74 -128 -100 -62 -94 -97 -112 -102 -103 -20 -91 -94
ROCE % 7% 8% 10% 7% 4% 8% 5% 9% 13% 15% 12% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.86% 58.86% 58.86% 58.86% 58.86% 58.86% 58.86% 58.86% 58.86% 58.86% 58.86% 58.86%
21.57% 19.38% 17.88% 17.02% 17.28% 16.99% 17.18% 17.53% 19.20% 18.24% 18.09% 18.06%
8.85% 11.49% 12.93% 13.89% 13.92% 14.02% 14.07% 13.55% 12.12% 13.14% 13.15% 13.45%
10.72% 10.26% 10.33% 10.22% 9.92% 10.11% 9.88% 10.06% 9.81% 9.77% 9.91% 9.62%
No. of Shareholders 1,19,4871,44,9791,74,9481,75,0171,66,1161,82,9401,70,8571,85,9761,95,6981,93,1572,03,4171,85,024

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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