Mahanagar Telephone Nigam Limited

Mahanagar Telephone Nigam Limited

MTNL.BO
Mahanagar Telephone Nigam LimitedIN flagBombay Stock Exchange
28.89
INR
-0.05
- -
18.17BMarket Cap
Mahanagar Telephone Nigam Limited
MTNL.BO
(Bombay Stock Exchange)

Recent

price

28.89

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
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
17.93
- -
13.07
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
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
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
33.04
-33.1
10
10
7.18
-23.71
-68.5
-116.37
-170.26
-231.36
-270.31
-310.64
-356.98
-409.09
-462.19
- -
10
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
- -
-487.77
Tangible Book Value per Share
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
11,296
9,564
8,235
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
-56.09
-74.26
-102.37
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
5,685
Depreciation Expense
-32,895
-41,042
-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
-31,072
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
-294.59
-324.9
-377.31
Profit Margin (%)
-36,900
-42,631
-66,088
-69,366
-63,380
-78,373
-56,473
-40,428
-58,065
-83,934
-43,341
-78,054
-65,439
-42,800
-76,408
-105,560
-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
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
-299,597
Total Equity
- -
- -
- -
-12.79
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
67.02
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
-88.28
- -
- -
1,241.38
-536.15
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-566.24
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
108,808
- -
122,504
LT Borrowings
231,316
- -
231,811
LT Finance Leases
518
- -
130
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
630
- -
630
Market Capitalization
27,130
22,674
13,527

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
48,235
- -
56,786
Cash, Cash Equivalents & STI
42,145
- -
50,770
Accounts Receivable, Net
3,090
- -
3,299
Inventories
54
- -
66
Total Current Liabilities
145,639
- -
162,346
Payables & Accruals
- -
- -
- -
ST Debt
108,808
- -
122,504
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

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
-9.78%
-3.62%
-15.34%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,995
1,978
1,922
1,696
7,592
2025
1,838
2,666
2,612
2,754
11,296
2026
657
1,898
1,975
3,705
9,564

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-13.52
-12.58
-13.32
- -
-51.87
2025
-12.28
-14.13
-13.27
-13.14
-52.82
2026
-14.97
-15.24
-14.24
-4.87
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Mahanagar Telephone Nigam Limited (MTNL) provides fixed-line and mobile telecommunication services primarily in the metropolitan cities of Delhi and Mumbai. The company offers a comprehensive portfolio of products and services including fixed telephone services; GSM and CDMA-based mobile services under brands such as Dolphin for postpaid GSM with 3G, Trump for prepaid GSM, and Garuda for WLL; broadband internet with ADSL2+, VDSL2, and FTTH; ISDN and leased line services; international long distance; cloud and managed services; Wi-Fi; infrastructure sharing; web hosting; emergency communication; data centers; and MPLS circuits. MTNL operates through Basic and Other Services as well as Cellular Services segments, targeting residential, enterprise, and government customers in India, with international presence via its 100% subsidiary Mahanagar Telephone Mauritius Limited in Mauritius and joint venture United Telecom Limited in Nepal. Founded in 1986 and headquartered in New Delhi, India, MTNL holds Navratna status and maintains a government promoter stake of approximately 56%. Recent developments include a 10-year service agreement with Bharat Sanchar Nigam Limited (BSNL) signed in 2024 for 4G network deployment and operations in Delhi and Mumbai; government approval of a Rs 6,000 crore package in early 2025 to expand 4G sites; plans to raise Rs 2,138 crore via sovereign guarantee bonds as part of its revival package; board approval for monetizing non-core assets worth up to Rs 16,000 crore and land assets worth Rs 1,000 crore; and deferral of a proposed BSNL merger due to financial considerations, alongside asset transfers and share sales in subsidiaries like Mahanagar Telephone (Mauritius) and MTNL STPI IT Services.