Mahanagar Telephone Nigam
MTNL NSE
Mahanagar Telephone Nigam
TelecomNSE: MTNL BSE: 500108 Telecom Service Provider
Key Fundamentals
MicrocapTelecom Service ProviderTelecomMarket Cap
₹1,562 Cr
Volatility
Low Risk
P/E Ratio
-0.5
EBITDA
₹443 Cr
Return on Equity
10.37%
Debt to Equity
0
Book Value
₹-475.55
EPS
₹0
52W High
₹46.44
52W Low
₹21.26
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Debtor days have improved from 180 to 126 days.
Weaknesses
4- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -7.17% over past five years.
- Contingent liabilities of Rs.15,914 Cr.
- Earnings include an other income of Rs.640 Cr.
Growth Rate
Revenue Growth
14.05% higher than
3Y
Net Income Growth
-6.63% higher than
3Y
Cash Flow Change
-48.08% lower than
3Y
ROE
-16.1% lower than
3Y
ROCE
-86.03% higher than
3Y
EBITDA Margin (Avg.)
94.13% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 199 | 198 | 192 | 209 | 184 | 267 | 261 | 275 | 172 | 190 | 211 | 371 | 217 |
| Expenses | 354 | 331 | 318 | 284 | 295 | 294 | 298 | 292 | 251 | 298 | 238 | 311 | 250 |
| Operating Profit | -154 | -133 | -126 | -75 | -111 | -27 | -37 | -16 | -79 | -108 | -28 | 60 | -33 |
| OPM % | -77% | -67% | -65% | -36% | -60% | -10% | -14% | -6% | -46% | -57% | -13% | 16% | -15% |
| Other Income | 113 | 175 | 144 | 145 | 199 | 61 | 78 | 55 | 35 | 32 | 21 | 511 | 75 |
| Interest | 645 | 665 | 691 | 689 | 705 | 769 | 728 | 716 | 754 | 742 | 749 | 738 | 748 |
| Depreciation | 166 | 170 | 166 | 164 | 156 | 155 | 150 | 151 | 145 | 142 | 142 | 139 | 137 |
| PBT | -852 | -793 | -839 | -784 | -773 | -890 | -836 | -828 | -943 | -960 | -897 | -307 | -842 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -852 | -793 | -839 | -784 | -773 | -890 | -836 | -828 | -943 | -960 | -897 | -307 | -842 |
| EPS in Rs | -13.52 | -12.58 | -13.32 | -12.44 | -12.28 | -14.13 | -13.27 | -13.14 | -14.97 | -15.24 | -14.24 | -4.87 | -13.37 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,494 | 3,223 | 2,969 | 2,472 | 2,085 | 1,624 | 1,388 | 1,149 | 935 | 799 | 1,130 | 956 | 988 |
| Expenses | 4,237 | 4,013 | 4,027 | 3,617 | 3,386 | 3,070 | 1,313 | 1,453 | 1,369 | 1,280 | 1,141 | 1,086 | 1,097 |
| Operating Profit | -743 | -790 | -1,058 | -1,145 | -1,300 | -1,447 | 75 | -304 | -434 | -482 | -11 | -129 | -109 |
| OPM % | -21% | -24% | -36% | -46% | -62% | -89% | 5% | -26% | -46% | -60% | -1% | -14% | -11% |
| Other Income | 443 | 882 | 680 | 734 | 619 | 691 | 476 | 623 | 612 | 575 | 223 | 586 | 640 |
| Interest | 1,440 | 1,351 | 1,448 | 1,505 | 1,703 | 1,951 | 2,117 | 2,147 | 2,364 | 2,694 | 2,928 | 2,995 | 2,976 |
| Depreciation | 1,158 | 1,178 | 1,113 | 1,054 | 1,002 | 986 | 893 | 772 | 730 | 666 | 612 | 568 | 561 |
| PBT | -2,898 | -2,437 | -2,940 | -2,970 | -3,387 | -3,693 | -2,459 | -2,600 | -2,916 | -3,268 | -3,328 | -3,107 | -3,006 |
| Tax % | 0% | -20% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | -2,901 | -1,946 | -2,936 | -2,971 | -3,388 | -3,694 | -2,461 | -2,603 | -2,915 | -3,268 | -3,328 | -3,107 | -3,006 |
| EPS in Rs | -46.05 | -30.89 | -46.6 | -47.16 | -53.78 | -58.63 | -39.07 | -41.32 | -46.27 | -51.87 | -52.82 | -49.32 | -47.72 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 630 | 630 | 630 | 630 | 630 | 630 | 630 | 630 | 630 | 630 | 630 | 630 |
| Reserves | 1,429 | -1,035 | -4,004 | -6,962 | -10,358 | -14,212 | -16,675 | -19,298 | -21,485 | -24,274 | -27,549 | -30,590 |
| Borrowings | 16,608 | 13,441 | 15,201 | 17,019 | 19,737 | 23,291 | 25,600 | 26,820 | 28,351 | 30,141 | 32,655 | 35,445 |
| Other Liabilities | 8,271 | 5,639 | 5,882 | 5,611 | 4,711 | 6,997 | 3,844 | 4,191 | 4,176 | 4,248 | 4,517 | 4,616 |
| Total Liabilities | 26,938 | 18,675 | 17,709 | 16,298 | 14,720 | 16,706 | 13,400 | 12,342 | 11,672 | 10,745 | 10,253 | 10,101 |
| Fixed Assets | 10,570 | 9,575 | 8,759 | 8,164 | 7,466 | 6,889 | 6,253 | 5,618 | 4,967 | 4,333 | 3,808 | 3,138 |
| CWIP | 134 | 137 | 291 | 331 | 320 | 328 | 184 | 74 | 59 | 86 | 32 | 13 |
| Investments | 40 | 43 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 4 | 4 | 5 |
| Other Assets | 16,194 | 8,920 | 8,654 | 7,799 | 6,930 | 9,486 | 6,960 | 6,647 | 6,642 | 6,323 | 6,409 | 6,946 |
| Total Assets | 26,938 | 18,675 | 17,709 | 16,298 | 14,720 | 16,706 | 13,400 | 12,342 | 11,672 | 10,745 | 10,253 | 10,101 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -1,167 | 1,078 | -1,024 | 155 | -733 | -1,206 | -225 | 704 | 64 | 130 | 340 | 176 |
| Investing | -107 | -37 | -30 | -492 | -297 | -43 | -259 | 204 | -174 | 107 | -29 | -201 |
| Financing | 1,110 | -957 | 984 | 345 | 1,044 | 1,326 | 414 | -936 | 177 | -319 | -215 | -19 |
| Net Cash Flow | -164 | 85 | -71 | 7 | 14 | 77 | -70 | -28 | 67 | -81 | 96 | -43 |
| Free Cash Flow | -1,295 | 779 | -1,441 | -357 | -1,043 | -1,348 | -324 | 691 | 20 | 57 | 304 | 570 |
| CFO/OP | 106 | -78 | 113 | -19 | 56 | 84 | -553 | -248 | -18 | -32 | -2,159 | -131 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31 | 56 | 60 | 63 | 107 | 141 | 203 | 213 | 229 | 234 | 181 | 126 |
| Cash Conversion Cycle | 31 | 56 | 60 | 63 | 107 | 141 | 203 | 213 | 229 | 234 | 181 | 126 |
| Working Capital Days | -835 | -906 | -707 | -613 | -1,038 | -1,930 | -1,218 | -2,518 | -2,681 | -1,995 | -2,531 | -4,288 |
| ROCE % | -8% | -7% | -12% | -13% | -16% | -18% | -3% | -5% | -7% | -8% | -7% | -9% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Mahanagar Telephone Nigam insights
60 extracted metrics + investor summaries across FY11–FY26.
Documents
2
COMPLIANCE WITH REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 - NON FUNDING OF 07TH SEMI ANNUAL INTEREST WRT MTNL BOND SERIES VII A (INE153A08105)
5 May - MTNL could not fund 7th semi-annual interest on 8% Bond Series VII A due 15 May 2026. 5 May - MTNL could not fund 7th semi-annual interest on 8% Bond Series VII A due 15 May 2026.
3
COMPLIANCE WITH REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 - FUNDING OF 05TH SEMI ANNUAL INTEREST WRT MTNL BOND SERIES VIII C (INE153A08170)
4 May - MTNL funded escrow account for 7.80% Bond Series VIIIC interest due on 7 May 2026. 4 May - MTNL funded escrow account for 7.80% Bond Series VIIIC interest due on 7 May 2026.
4
COMPLIANCE WITH REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 - FUNDING OF 05TH SEMI ANNUAL INTEREST WRT MTNL BOND SERIES VIII C (INE153A08170)
4 May - MTNL funded escrow account for 7.80% Bond Series VIIIC interest due on 7 May 2026. 4 May - MTNL funded escrow account for 7.80% Bond Series VIIIC interest due on 7 May 2026.
5
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
27 Apr - MTNL confirms it is not a Large Corporate; outstanding borrowing stands at Rs 36,314 crore as of March 31, 2026. 27 Apr - MTNL confirms it is not a Large Corporate; outstanding borrowing stands at Rs 36,314 crore as of March 31, 2026.
Frequently Asked Questions about Mahanagar Telephone Nigam
What does Mahanagar Telephone Nigam Ltd do?
Mahanagar Telephone Nigam Ltd is a Government of India-controlled telecom and infrastructure-asset company serving Delhi and Mumbai through landline, broadband/FTTH, mobile, leased-line and enterprise services.[1][2]
Where is Mahanagar Telephone Nigam Ltd (MTNL) listed?
Mahanagar Telephone Nigam Ltd trades as MTNL on the NSE and under code 500108 on the BSE.
Which sector does Mahanagar Telephone Nigam Ltd belong to?
Mahanagar Telephone Nigam Ltd is classified under the Telecom sector, in the Telecom Service Provider industry.
What is the market capitalisation of Mahanagar Telephone Nigam Ltd?
Mahanagar Telephone Nigam Ltd has a market capitalisation of ₹1,562 Cr, which places it in the Small Cap band.
What is the PE ratio of Mahanagar Telephone Nigam Ltd?
Mahanagar Telephone Nigam Ltd trades at a PE ratio of -0.50, on earnings per share of ₹0, against a book value of ₹-475.55 per share.
What is the 52-week high and low of Mahanagar Telephone Nigam Ltd?
Over the last 52 weeks Mahanagar Telephone Nigam Ltd has traded between ₹21.26 and ₹46.44.
What is the Return on Equity (ROE) of Mahanagar Telephone Nigam Ltd?
Mahanagar Telephone Nigam Ltd reported a return on equity of 10.37%. Its debt-to-equity ratio is 0.00.
Company Information
Mahanagar Telephone Nigam Ltd is a Government of India-controlled telecom and infrastructure-asset company serving Delhi and Mumbai through landline, broadband/FTTH, mobile, leased-line and enterprise services.[1][2]
Website mtnl.net.in
CEO Mr. A. Robert Jerard Ravi
Employees 3,031
Listed 1999-02-17
Face Value ₹ 10
Issued Size 63,00,00,000
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