Mahanagar Telephone Nigam
Telecom
MTNL NSE
₹24.30 No trade today
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹24.30 −16.81 −40.9% 1Y
Start ₹41.11
Key Fundamentals
MicrocapTelecom - ServicesTelecomPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- −9.32%
- Debt to Equity
- Not meaningful: shareholders’ equity is negative
- EPS (TTM)
- −₹47.72
- Book Value
- −₹475.55
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- Not meaningful: book value is negative
- ROE
- Not meaningful: shareholders’ equity is negative
- Dividend Yield
- 0.00%
- EBITDA
- ₹443 Cr
- 52W High
- ₹42.22
- 52W Low
- ₹21.26
- Volume
- 0
Peer Comparison
Telecommunication › Telecom › Telecom Service Provider › Telecom - Cellular & Fixed line services
| ₹2,067.60 | 42.50 | ₹12,79,365 Cr | 7.33 | 1.16% | 20.30% | 17.60% | ₹2,20,049 Cr | ₹36,413 Cr | |
| ₹12.55 | — | ₹1,32,612 Cr | — | 0.00% | — | −1.72% | ₹45,539 Cr | ₹37,406 Cr | |
| ₹1,718.80 | 47.13 | ₹85,730 Cr | 11.99 | 1.06% | 26.00% | 21.40% | ₹9,601 Cr | ₹1,824 Cr | |
| ₹1,754.60 | 52.87 | ₹50,323 Cr | 14.71 | 0.99% | 32.60% | 14.60% | ₹25,426 Cr | ₹936 Cr | |
| ₹35.13 | — | ₹6,760 Cr | — | 0.00% | — | 55.60% | ₹1,178 Cr | ₹38 Cr | |
| Mahanagar Telephone Nigam (this company) | ₹24.30 | — | ₹1,528 Cr | — | 0.00% | — | −9.32% | ₹988 Cr | −₹3,006 Cr |
| ₹0.80 | — | ₹221 Cr | — | 0.00% | — | — | ₹305 Cr | −₹9,374 Cr | |
| Median 7 companies | ₹35.13 | 47.13 | ₹50,323 Cr | 11.99 | 0.00% | 26.00% | 16.10% | ₹9,601 Cr | ₹936 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
38 Weak
Data confidence 86/100
Category scores
- Quality
- 43
- Weak
- Returns, margins, earnings quality 22% weight
- Valuation
- 50
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 37
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 17
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 26
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 34
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
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.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 5 | 5 | 9 |
| Oscillators | Bullish | 1 | 5 | 3 |
| Moving Averages | Strong Bullish | 4 | 0 | 6 |
Oscillators
Bullish
Bearish
1
Neutral
5
Bullish
3
Overall
Bullish
Bearish
5
Neutral
5
Bullish
9
Moving Averages
Strong Bullish
Bearish
4
Neutral
0
Bullish
6
Key readings
- RSI (14)
- 55.41
- Neutral
- MACD (12,26,9)
- −0.27
- Bullish
- SMA (50)
- 24.25
- Bullish
- SMA (200)
- 28.01
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −11.44% |
|---|---|
| 5Y | −7.19% |
| 3Y | +0.74% |
| 1Y | −15.40% |
| TTM | +1.44% |
Net profit
| 10Y | Loss widened by ₹1,161 Cr |
|---|---|
| 5Y | Loss widened by ₹646 Cr |
| 3Y | Loss widened by ₹192 Cr |
| 1Y | Loss narrowed by ₹221 Cr |
| TTM | Loss narrowed by ₹491 Cr |
Operating cash flow
| 10Y | −16.58% |
|---|---|
| 5Y | Turned positive |
| 3Y | +40.10% |
| 1Y | −48.24% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +11.02 pp |
|---|---|
| 5Y | −18.89 pp |
| 3Y | +32.93 pp |
| 1Y | −12.52 pp |
| TTM | +5.29 pp |
Revenue by year
| Mar 2017 | ₹2,969 Cr |
|---|---|
| Mar 2018 | ₹2,472 Cr |
| Mar 2019 | ₹2,085 Cr |
| Mar 2020 | ₹1,624 Cr |
| Mar 2021 | ₹1,388 Cr |
| Mar 2022 | ₹1,149 Cr |
| Mar 2023 | ₹935 Cr |
| Mar 2024 | ₹799 Cr |
| Mar 2025 | ₹1,130 Cr |
| Mar 2026 | ₹956 Cr |
Net profit by year
| Mar 2017 | −₹2,936 Cr |
|---|---|
| Mar 2018 | −₹2,971 Cr |
| Mar 2019 | −₹3,388 Cr |
| Mar 2020 | −₹3,694 Cr |
| Mar 2021 | −₹2,461 Cr |
| Mar 2022 | −₹2,603 Cr |
| Mar 2023 | −₹2,915 Cr |
| Mar 2024 | −₹3,268 Cr |
| Mar 2025 | −₹3,328 Cr |
| Mar 2026 | −₹3,107 Cr |
Quarterly Results
₹ Cr| 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 | 143 | 145 | 199 | 61 | 78 | 55 | 35 | 31.41 | 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 | −840 | −784 | −774 | −891 | −836 | −828 | −943 | −961 | −897 | −306 | −843 |
| 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 (₹) | −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
₹ Cr| 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 | 585 | 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 | −3,109 | −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 (₹) | −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
₹ Cr| 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
₹ Cr| 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
62 extracted metrics across FY11–FY27.
Documents
- 25 Aug 2026
- 18 Aug 2026
- 27 May 2026
- 26 Feb 2026
- 19 Feb 2026
- General announcements 23 Oct 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.
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 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 ₹42.22 as of 4 Nov 2026.
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.
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