Tata Communications Ltd

About

Tata Communications offers international and national voice and data transmission services, selling and leasing of bandwidth on undersea cable systems, internet connectivity services and other value-added services comprising telepresence, managed hosting, mobile global roaming and signalling services, transponder lease, television uplinking and other related services.

  • Market Cap 26,599 Cr.
  • Current Price 933
  • High / Low 989 / 200
  • Stock P/E 33.7
  • Book Value 304
  • Dividend Yield 0.43 %
  • ROCE 8.64 %
  • ROE 4.24 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 24.57%

Cons

  • Stock is trading at 3.07 times its book value
  • The company has delivered a poor growth of 5.89% over past five years.
  • Company has a low return on equity of 2.74% for last 3 years.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
1,298 1,344 1,258 1,295 1,414 1,422 1,373 1,470 1,419 1,489 1,510 1,592
964 1,014 938 1,035 1,119 1,071 971 1,096 1,042 1,069 1,031 1,051
Operating Profit 335 330 319 260 295 352 402 373 377 420 479 541
OPM % 26% 25% 25% 20% 21% 25% 29% 25% 27% 28% 32% 34%
Other Income 65 182 15 12 15 -617 77 38 31 -311 25 211
Interest 12 9 10 9 7 10 12 11 15 17 31 28
Depreciation 202 238 214 212 222 243 229 229 236 284 238 239
Profit before tax 186 264 110 51 82 -518 238 171 157 -192 235 485
Tax % 34% 28% 36% 36% 25% -17% 30% 56% 28% 23% 26% 18%
Net Profit 122 191 71 33 61 -607 167 75 114 -147 174 399
EPS in Rs 4.28 6.71 2.48 1.15 2.14 -21.29 5.86 2.64 3.98 -5.15 6.09 13.99
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3,749 3,218 3,612 4,092 4,416 4,376 4,319 4,790 5,068 5,252 5,389 5,750 6,010
2,999 2,472 2,765 3,104 3,447 3,513 3,327 3,601 4,747 3,982 4,166 4,182 4,192
Operating Profit 751 746 847 988 969 863 992 1,190 321 1,270 1,223 1,569 1,818
OPM % 20% 23% 23% 24% 22% 20% 23% 25% 6% 24% 23% 27% 30%
Other Income 578 384 179 179 570 680 755 190 1,679 89 -572 -162 -45
Interest 191 246 212 195 120 60 25 31 31 40 36 55 91
Depreciation 425 575 660 707 762 680 719 743 765 830 891 977 997
Profit before tax 713 309 154 265 657 803 1,003 605 1,205 489 -276 374 685
Tax % 28% -56% -6% 35% 28% 32% 33% 35% 43% 45% -60% 44%
Net Profit 516 483 163 171 475 542 675 393 690 267 -442 209 539
EPS in Rs 18.10 16.95 5.70 6.01 16.68 19.03 23.67 13.78 24.20 9.36 -15.52 7.33 18.91
Dividend Payout % 25% 0% 35% 33% 18% 24% 23% 31% 25% 48% -29% 55%
Compounded Sales Growth
10 Years:6%
5 Years:6%
3 Years:4%
TTM:6%
Compounded Profit Growth
10 Years:1%
5 Years:-10%
3 Years:5%
TTM:193%
Stock Price CAGR
10 Years:17%
5 Years:28%
3 Years:30%
1 Year:165%
Return on Equity
10 Years:4%
5 Years:3%
3 Years:3%
Last Year:4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
285 285 285 285 285 285 285 285 285 285 285 285 285
Reserves 6,513 6,996 6,722 6,852 7,231 7,601 8,067 8,611 8,970 8,518 7,914 7,936 8,392
Borrowings 2,328 2,639 1,406 1,357 775 941 581 684 737 524 451 1,012 1,392
3,029 2,164 3,038 2,362 2,581 2,702 2,800 2,942 3,153 3,575 3,964 4,257 4,226
Total Liabilities 12,155 12,084 11,452 10,856 10,872 11,529 11,733 12,522 13,145 12,903 12,614 13,490 14,294
4,098 4,505 4,805 4,752 4,833 4,237 4,174 3,810 3,997 4,112 4,597 5,252 5,124
CWIP 536 386 220 303 175 310 236 358 496 376 210 149 196
Investments 2,724 2,501 1,833 1,788 2,493 3,003 4,124 4,688 5,366 4,211 3,873 4,038 4,522
4,797 4,691 4,594 4,012 3,371 3,979 3,198 3,667 3,286 4,204 3,933 4,050 4,452
Total Assets 12,155 12,084 11,452 10,856 10,872 11,529 11,733 12,522 13,145 12,903 12,614 13,490 14,294

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1,087 719 819 1,214 1,595 1,204 1,461 908 971 1,029 1,248 1,108
-2,006 -916 137 -460 -522 -1,014 -1,278 -850 -865 -61 -1,450 -1,093
1,204 -64 -636 -1,133 -799 2 -553 -127 -90 -442 -263 1
Net Cash Flow 285 -262 320 -379 274 193 -371 -69 16 525 -466 17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8% 3% 4% 5% 7% 8% 10% 7% 4% 8% 5% 9%
Debtor Days 131 72 62 75 71 57 61 64 58 85 88 82
Inventory Turnover 25.60 74.55 38.76 45.02 71.96 20.24 19.51 17.56 9.45 5.36 2.51 1.73

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99
13.42 14.09 14.86 16.40 16.99 18.15 18.30 18.24 17.67 17.48 17.19 17.56
5.17 4.91 4.13 2.65 2.29 2.19 1.68 1.45 1.48 1.52 1.53 1.48
0.18 0.18 0.18 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.00
6.23 5.82 5.83 5.70 5.47 4.40 4.77 5.05 5.60 5.75 6.03 5.98

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