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Tata Communications Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tata Communications and similar public comparables like Orange Côte d’Ivoire, Ondas, PLDT, Sinnet Technology and more.
Tata Communications Overview
About Tata Communications
Tata Communications Ltd is the primary provider of international and national voice and data transmission long-distance services, internet dial-up and broadband services and other value-added services. The company’s reportable segments are Voice Solutions (VS), Data and Managed Services (DMS) and Real Estate (RE). It generates maximum revenue from Data and Managed Services (DMS) segment.
Founded
1986
HQ

Employees
13.0K
Website
Sectors
Financials (LTM)
EV
$6B
Tata Communications Financials
Tata Communications reported last 12-month revenue of $3B and EBITDA of $517M.
In the same LTM period, Tata Communications generated $1B in gross profit, $517M in EBITDA, and $134M in net income.
Revenue (LTM)
Tata Communications P&L
In the most recent fiscal year, Tata Communications reported revenue of $3B and EBITDA of $574M.
Tata Communications expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 56% | XXX | 50% | XXX | XXX | XXX |
| EBITDA | $517M | XXX | $574M | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 21% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $134M | XXX | $194M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tata Communications Stock Performance
Tata Communications has current market cap of $5B, and enterprise value of $6B.
Market Cap Evolution
Tata Communications' stock price is $16.05.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $5B | -0.9% | XXX | XXX | XXX | $0.68 |
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Start Free TrialTata Communications Valuation Multiples
Tata Communications trades at 2.2x EV/Revenue multiple, and 11.4x EV/EBITDA.
EV / Revenue (LTM)
Tata Communications Financial Valuation Multiples
As of April 14, 2026, Tata Communications has market cap of $5B and EV of $6B.
Equity research analysts estimate Tata Communications' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tata Communications has a P/E ratio of 34.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 11.4x | XXX | 10.3x | XXX | XXX | XXX |
| EV/EBIT | 26.8x | XXX | 25.8x | XXX | XXX | XXX |
| EV/Gross Profit | 4.0x | XXX | 4.3x | XXX | XXX | XXX |
| P/E | 34.1x | XXX | 23.5x | XXX | XXX | XXX |
| EV/FCF | 35.6x | XXX | 63.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tata Communications Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Tata Communications Margins & Growth Rates
Tata Communications' revenue in the last 12 month grew by 9%.
Tata Communications' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Tata Communications' rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tata Communications' rule of X is 43% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Tata Communications Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | 19% | XXX | (11%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 43% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 42% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tata Communications Public Comps
See public comps and valuation multiples for other Telecom Service Providers and Communication & Collaboration Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Tata Communications | XXX | XXX | XXX | XXX | XXX | XXX |
| Orange Côte d’Ivoire | XXX | XXX | XXX | XXX | XXX | XXX |
| Ondas | XXX | XXX | XXX | XXX | XXX | XXX |
| PLDT | XXX | XXX | XXX | XXX | XXX | XXX |
| Sinnet Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Sonae | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Tata Communications M&A Activity
Tata Communications acquired XXX companies to date.
Last acquisition by Tata Communications was on XXXXXXXX, XXXXX. Tata Communications acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tata Communications
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTata Communications Investment Activity
Tata Communications invested in XXX companies to date.
Tata Communications made its latest investment on XXXXXXXX, XXXXX. Tata Communications invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tata Communications
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Tata Communications
| When was Tata Communications founded? | Tata Communications was founded in 1986. |
| Where is Tata Communications headquartered? | Tata Communications is headquartered in India. |
| How many employees does Tata Communications have? | As of today, Tata Communications has over 13K employees. |
| Who is the CEO of Tata Communications? | Tata Communications' CEO is Amur Swaminathan Lakshminarayanan. |
| Is Tata Communications publicly listed? | Yes, Tata Communications is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Tata Communications? | Tata Communications trades under TATACOMM ticker. |
| When did Tata Communications go public? | Tata Communications went public in 1995. |
| Who are competitors of Tata Communications? | Tata Communications main competitors are Orange Côte d’Ivoire, Ondas, PLDT, Sinnet Technology. |
| What is the current market cap of Tata Communications? | Tata Communications' current market cap is $5B. |
| What is the current revenue of Tata Communications? | Tata Communications' last 12 months revenue is $3B. |
| What is the current revenue growth of Tata Communications? | Tata Communications revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Tata Communications? | Current revenue multiple of Tata Communications is 2.2x. |
| Is Tata Communications profitable? | Yes, Tata Communications is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tata Communications? | Tata Communications' last 12 months EBITDA is $517M. |
| What is Tata Communications' EBITDA margin? | Tata Communications' last 12 months EBITDA margin is 20%. |
| What is the current EV/EBITDA multiple of Tata Communications? | Current EBITDA multiple of Tata Communications is 11.4x. |
| What is the current FCF of Tata Communications? | Tata Communications' last 12 months FCF is $166M. |
| What is Tata Communications' FCF margin? | Tata Communications' last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of Tata Communications? | Current FCF multiple of Tata Communications is 35.6x. |
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