1. India Stocks

  2. •

    Communications

  3. •

    Major telecommunications
Mahanagar Telephone Nigam Limited

Mahanagar Telephone Nigam Limited

22.75
INR
-1.80
(-7.33%)
-47.72EPS
18.62BMarket Cap
Mahanagar Telephone Nigam Limited
BSE:MTNL
(Bombay Stock Exchange)

Recent

price

22.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
58.38
54.23
55.34
54.97
55.07
50.96
45.22
37.54
32.8
25.18
21.26
17.49
13.91
12.05
10.53
6.74
15.47
Revenue per Share
-52.21
-65.15
-84.48
124.14
-46.05
-30.89
-46.68
-47.16
-53.78
-58.63
-39.07
-41.32
-46.27
-51.87
-52.82
-49.32
-47.72
Basic EPS, GAAP
-195.18
-23.22
-17.14
-69.6
-23.26
12.33
-23.04
-5.92
-16.56
-21.4
-5.15
10.97
0.32
0.9
4.83
2.41
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
44.08
40.22
-44.26
80.04
24.43
-6.43
-53.44
-100.51
-154.41
-215.59
-254.67
-296.32
-331.03
-375.3
-427.29
-475.55
- -
Book Value per Share
-106.31
-100.13
-174.52
3.9
-46.31
-71.8
-113.39
-155.12
-203.65
-259.5
-293.28
-329.62
-359.04
-397.99
-444.76
-487.82
- -
Tangible Book Value per Share
630
630
630
630
630
630
630
630
630
630
630
630
630
630
630
630
630
Basic Weighted Avg Shares
36,778
34,164
34,866
34,631
34,694
32,103
28,491
23,647
20,666
15,863
13,391
11,020
8,765
7,592
6,634
4,246
9,747
Sales/Revenue/Turnover
-77.68
-93.16
-121.46
-53.77
-47.41
-57.08
-73.74
-84.28
-105.32
-142.31
-57.93
-83.6
-118.57
-140.78
-72.35
-127.35
-70.03
Operating Margin (%)
15,205
15,105
14,966
11,915
11,055
11,782
10,876
10,287
10,024
9,858
8,933
7,720
7,297
6,664
6,122
5,685
5,606
Depreciation Expense
-32,895
-41,041
-53,223
78,207
-29,012
-19,459
-29,411
-29,709
-33,881
-36,937
-24,613
-26,031
-29,151
-32,675
-33,277
-31,072
-30,065
Net Income, GAAP
- -
- -
- -
5.82
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-89.44
-120.13
-152.65
225.83
-83.62
-60.61
-103.23
-125.64
-163.95
-232.85
-183.8
-236.23
-332.57
-430.41
-501.59
-731.82
-308.46
Profit Margin (%)
-36,900
-42,631
-66,088
-69,366
-63,380
-78,373
-56,473
-40,427
-58,065
-83,934
-43,341
-78,054
-65,439
-42,800
-76,407
-105,560
- -
Working Capital
55,340
70,001
69,374
81,101
55,126
45,630
70,113
102,927
114,722
127,759
183,526
167,100
196,175
240,731
235,364
231,941
- -
LT Debt
27,772
25,342
-27,881
50,427
15,391
-4,050
-33,667
-63,320
-97,278
-135,821
-160,445
-186,683
-208,549
-236,441
-269,190
-299,597
- -
Total Equity
- -
- -
- -
66.51
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
64.66
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
-74.39
-154.54
- -
- -
-88.16
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
122,504
- -
LT Borrowings
- -
231,811
- -
LT Finance Leases
- -
131
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
630
630
630
Market Capitalization
22,674
13,526
18,617

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
56,786
- -
Cash, Cash Equivalents & STI
- -
7,757
- -
Accounts Receivable, Net
- -
14,408
- -
Inventories
- -
66
- -
Total Current Liabilities
- -
162,346
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
122,504
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
99.74%
13.32%
11.3%
Free Cash Flow
-7.21%
31.18%
-50.17%
Net Income, GAAP
6.69%
5.01%
-6.62%
Sales/Revenue/Turnover
-17.99%
-20.03%
-36%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,839
2,666
2,612
2,754
6,634
2026
1,722
1,898
1,975
3,705
4,246
2027
2,169
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-12.28
-14.13
-13.27
-13.14
-52.82
2026
-14.97
-15.24
-14.24
-4.87
-49.32
2027
-13.37
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Mahanagar Telephone Nigam Limited, a key state-owned telecommunications provider, delivers a broad spectrum of services across India, primarily within the metropolitan areas of Delhi and Mumbai, and internationally in Mauritius. The company structures its offerings through various divisions, including mobile network, wireline network, and synergy with its parent company, Bharat Sanchar Nigam Limited. Its extensive portfolio encompasses traditional fixed-line and mobile telephony services, high-speed broadband, and Fibre-to-the-Home (FTTH) connectivity. Additionally, it provides digital television, IPTV, and an array of enterprise solutions such as cloud services, Wi-Fi solutions, e-governance initiatives, managed services, turnkey ICT solutions, and geographic information system (GIS) based services. Established in 1986 by the Government of India, MTNL also manages international long-distance and internet services through its Mauritian subsidiary.