Mahanagar Telephone Nigam Ltd
MTNL NSE
Mahanagar Telephone Nigam Ltd
TelecomNSE: MTNL BSE: 500108 Telecom Service Provider
Key Fundamentals
MicrocapTelecom Service ProviderTelecomMarket Cap
₹1,685 Cr
Volatility
Moderate
P/E Ratio
-0.6
EBITDA
₹-142 Cr
Return on Equity
12.36%
Debt to Equity
0
Book Value
₹-475.55
EPS
₹0
52W High
₹47.09
52W Low
₹21.26
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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28 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Debtor days have improved from 218 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.15,366 Cr.
- Earnings include an other income of Rs.640 Cr.
Growth Rate
Revenue Growth
-30.62% ↗
Net Income Growth
-6.60% ↗
Cash Flow Change
161.21% ↗
ROE
-10.56% ↘
ROCE
-126.84% ↘
EBITDA Margin (Avg.)
-163.29% ↘
Quarterly Results
| 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
| 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 | 698 | 956 | 988 |
| Expenses | 4,237 | 4,013 | 4,027 | 3,617 | 3,386 | 3,070 | 1,313 | 1,453 | 1,369 | 1,280 | 1,168 | 1,098 | 1,097 |
| Operating Profit | -743 | -790 | -1,058 | -1,145 | -1,300 | -1,447 | 75 | -304 | -434 | -482 | -470 | -142 | -109 |
| OPM % | -21% | -24% | -36% | -46% | -62% | -89% | 5% | -26% | -46% | -60% | -67% | -15% | -11% |
| Other Income | 443 | 882 | 680 | 734 | 619 | 691 | 476 | 623 | 612 | 575 | 682 | 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 | 2,983 | 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
| 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 | 32,441 | 35,445 |
| Other Liabilities | 8,271 | 5,639 | 5,882 | 5,611 | 4,711 | 6,997 | 3,844 | 4,191 | 4,176 | 4,248 | 4,731 | 4,591 |
| Total Liabilities | 26,938 | 18,675 | 17,709 | 16,298 | 14,720 | 16,706 | 13,400 | 12,342 | 11,672 | 10,745 | 10,253 | 10,076 |
| 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 | 6,921 |
| Total Assets | 26,938 | 18,675 | 17,709 | 16,298 | 14,720 | 16,706 | 13,400 | 12,342 | 11,672 | 10,745 | 10,253 | 10,076 |
Cash Flow
| 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 | -51 | -119 |
Ratios
| 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 | 293 | 126 |
| Cash Conversion Cycle | 31 | 56 | 60 | 63 | 107 | 141 | 203 | 213 | 229 | 234 | 293 | 126 |
| Working Capital Days | -835 | -906 | -707 | -613 | -1,038 | -1,930 | -1,218 | -2,518 | -2,681 | -1,995 | -4,097 | -4,325 |
| ROCE % | -8% | -7% | -12% | -13% | -16% | -18% | -3% | -5% | -7% | -8% | -7% | -2% |
Documents
1
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.
2
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.
3
COMPLIANCE WITH REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015 - NON FUNDING OF 05TH SEMI ANNUAL INTEREST PAYMENT IN ESCROW ACCOUNT MAINTAINED IN BANK OF INDIA WRT MTNL BOND SERIES VIII-C (INE153A08170)
27 Apr - MTNL could not fund escrow for 7.80% Bond Series VIII-C interest due 7 May 2026. 27 Apr - MTNL could not fund escrow for 7.80% Bond Series VIII-C interest due 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
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.
Frequently Asked Questions about Mahanagar Telephone Nigam Ltd
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 is listed on the Indian stock exchanges. It is listed on NSE: MTNL and BSE: 500108. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Mahanagar Telephone Nigam Ltd belong to?
Mahanagar Telephone Nigam Ltd operates in the Telecom sector within the Telecom Service Provider industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Mahanagar Telephone Nigam Ltd?
Mahanagar Telephone Nigam Ltd has a market capitalisation of approximately ₹1684.62 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Mahanagar Telephone Nigam Ltd?
The Price-to-Earnings (PE) ratio of Mahanagar Telephone Nigam Ltd is -0.60. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Mahanagar Telephone Nigam Ltd?
Over the past 52 weeks, Mahanagar Telephone Nigam Ltd has traded between a low of ₹21.26 and a high of ₹47.09. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Mahanagar Telephone Nigam Ltd?
Mahanagar Telephone Nigam Ltd has a Return on Equity (ROE) of 12.36%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Mahanagar Telephone Nigam Ltd on Tapetide?
On Tapetide, you can view Mahanagar Telephone Nigam Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
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