Mahanagar Telephone Nigam
Mahanagar Telephone Nigam Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Mahanagar Telephone Nigam Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Valuation
Profitability
Growth
Financial Health
Mahanagar Telephone Nigam Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Mahanagar Telephone Nigam Ltd, switchable between annual and quarterly views, consolidated or standalone.
Mahanagar Telephone Nigam Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1,966.86 Cr and reported EPS of ₹-49.32.
| Period | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 2,472 | 1,624 | 1,388 | 1,149 | 935 | 799 | 698 | 956 |
| Other Income | 745 | 693 | 485 | 629 | 613 | 575 | 681 | 585 |
| Total Income | 3,217 | 2,317 | 1,873 | 1,778 | 1,548 | 1,373 | 1,379 | 1,541 |
| Cost of Goods Sold (COGS) | 7 | 2 | 5 | 6 | 6 | 5 | 5 | 3 |
| Gross Profit | 2,465 | 1,621 | 1,382 | 1,143 | 929 | 794 | 693 | 953 |
| +Operating Expenses | 3,623 | 3,079 | 1,327 | 1,461 | 1,375 | 1,282 | 1,174 | 1,095 |
| EBITDA | -1,157 | -1,458 | 55 | -319 | -446 | -488 | -480 | -142 |
| +Non-Operating Expenses | 2,559 | 2,928 | 3,001 | 2,912 | 3,084 | 3,356 | 3,530 | 3,552 |
| Profit Before Tax (PBT) | -2,971 | -3,693 | -2,460 | -2,601 | -2,917 | -3,270 | -3,330 | -3,109 |
| +Tax Expense | 1 | 1 | 2 | 3 | -0 | -0 | -1 | 0 |
| Profit After Tax (PAT) | -2,971 | -3,694 | -2,461 | -2,603 | -2,915 | -3,268 | -3,328 | -3,107 |
| Earnings Per Share (EPS) | -47.16 | -58.63 | -39.07 | -41.32 | -46.27 | -51.87 | -52.82 | -49.32 |
| Diluted Shares Outstanding (Nos.) | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 |
| +Additional Disclosures | 6,209 | 5,892 | 4,338 | 4,366 | 4,473 | 4,630 | 4,699 | 4,659 |
| Sales Growth % | — | -34.32 | -14.53 | -17.20 | -18.61 | -14.61 | -12.59 | 37.01 |
| YoY Sales Growth % | — | — | -14.53 | -17.20 | -18.61 | -14.61 | -12.59 | 37.01 |
| Employee Cost % | 99 | 131 | 30 | 49 | 59 | 72 | 82 | 55 |
| Other Cost % | 47 | 59 | 66 | 79 | 88 | 89 | 86 | 60 |
| OPM % | -47 | -90 | 4 | -28 | -48 | -61 | -69 | -15 |
| Tax % | -0 | -0 | -0 | -0 | 0 | 0 | 0 | -0 |
| Profit Growth % | — | — | 33.37 | -5.76 | -11.98 | -12.09 | -1.84 | 6.62 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Interest Coverage Ratio | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Additional Fields | -2,211 | -2,444 | -838 | -1,091 | -1,176 | -1,154 | -1,092 | -710 |
Mahanagar Telephone Nigam segment analysis: revenue and profit mix.
Disclosed business segments at Mahanagar Telephone Nigam with their share of revenue and profit, switchable between consolidated and standalone reporting.
Mahanagar Telephone Nigam discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Mahanagar Telephone Nigam Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Mahanagar Telephone Nigam Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Mahanagar Telephone Nigam Ltd's investment case rests on 4 positive markers and 9 flagged concerns drawn from the latest reported filings.
What you're getting.
MTNL maintains a stable promoter holding of 56.25% as of 2025-09-01, reflecting consistent confidence from leadership and suggesting stability in governance and long-term vision despite financial challenges.
The stock price has shown short-term stability, hovering around ₹42.09 over the last five trading days, indicating a degree of market steadiness despite the company's significant financial challenges.
As a public sector undertaking in the telecom sector, MTNL could potentially benefit from future government-led revival packages or strategic initiatives aimed at strengthening state-owned enterprises.
The broader telecommunication sector continues to experience robust growth driven by increasing data consumption and 5G rollout, presenting a potential market expansion opportunity for MTNL.
What can break it.
MTNL faces severe financial distress with a substantial negative profit after tax of ₹-3497 and a quarterly net profit of ₹-943, indicating persistent and significant operational challenges.
The company carries a substantial debt burden of ₹32,441, posing a significant financial risk and potentially hindering its capacity for future investment and operational recovery.
MTNL exhibits extremely poor financial efficiency, with a negative Return on Capital Employed (ROCE) of -6.76% and a 0% Return on Equity (ROE), highlighting severe struggles in generating returns.
Quarterly sales have seen a drastic decline of -64.20%, with current sales at ₹65.7 crore, indicating a significant erosion of revenue and market share, which is a major concern.
The company's book value is significantly negative at ₹-427.00, suggesting that its liabilities far exceed its assets, which is a critical indicator of deep financial instability.
What would change my mind.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Mahanagar Telephone Nigam Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Mahanagar Telephone Nigam Ltd is highlighted for quick read-across.
Quick Compare
Mahanagar Telephone Nigam Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Mahanagar Telephone Nigam Ltd — derived from the live tape, not yesterday's close.
Mahanagar Telephone Nigam Ltd last traded at ₹31.24 with an intraday range of ₹31–₹31.92 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹31.24| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 33.61 | +2.37 | +7.60% |
| R3 | 32.69 | +1.45 | +4.65% |
| R2 | 32.31 | +1.07 | +3.41% |
| R1 | 31.77 | +0.53 | +1.71% |
| PIVOT | 31.39 | 0.15 | 0.47% |
| CURRENT | 31.24 | — | — |
| S1 | 29.01 | -2.23 | -7.13% |
| S2 | 29.93 | -1.31 | -4.18% |
| S3 | 30.47 | -0.77 | -2.48% |
| S4 | 30.85 | -0.39 | -1.24% |
MTNL is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: 31.23 ~ 31.92
Trading Inside opening range
Mahanagar Telephone Nigam Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Mahanagar Telephone Nigam Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Mahanagar Telephone Nigam Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Mahanagar Telephone Nigam Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Mahanagar Telephone Nigam Ltd stood at 31.6% of traded volume, against a 20-day average of 36.4%.
Mahanagar Telephone Nigam announcements: results, concalls, ratings, M&A.
Filings Mahanagar Telephone Nigam sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Mahanagar Telephone Nigam files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 141 documents below.
General Updates
COMPLIANCE WITH REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 - NON-FUNDING OF 11TH SEMI ANNUAL INTEREST IN ESCROW ACCOUNT MAINTAINED IN BANK…
Trading Window
Mahanagar Telephone Nigam Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading)…
General Updates
COMPLIANCE OF REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015- DISCLOSURE OF EVENTS OR INFORMATION DISCLOSURE OF IMPOSITION OF FINES OR…
General Updates
COMPLIANCE WITH REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 - FUNDING OF 07TH SEMI ANNUAL INTEREST IN ESCROW ACCOUNT MAINTAINED IN BANK OF…
General Updates
COMPLIANCE OF REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 - DISCLOSURE OF EVENTS OR INFORMATION DISCLOSURE OF IMPOSITION OF FINES OR PENALTY
Investor decks & rating reports.
Mahanagar Telephone Nigam dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Mahanagar Telephone Nigam has declared, sequenced by announce and record date.
Mahanagar Telephone Nigam corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Mahanagar Telephone Nigam Ltd: business, sector, key facts.
What Mahanagar Telephone Nigam Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Mahanagar Telephone Nigam Ltd operates in the Communication Services, listed as NSE: MTNL, BSE: 500108.
Mahanagar Telephone Nigam Limited (MTNL) is a telecommunications company operating primarily in India and Mauritius. Its core business revolves around providing a wide range of communication services to both individuals and businesses. The company's service portfolio is extensive and covers a substantial portion of the modern telecommunications landscape.
MTNL's operations are structured into two main segments: Basic and Other Services, and Cellular Services. The Basic and Other Services segment encompasses a broad spectrum of traditional and newer communication technologies. This includes traditional voice services, internet access (including broadband and Wi-Fi), international long-distance calls, and various data services. They also offer a significant suite of business-oriented services such as cloud and managed services, remote monitoring, and comprehensive end-to-end ICT solutions. This segment also incorporates infrastructure sharing and web hosting capabilities.
The Cellular Services segment focuses on mobile communication technologies. MTNL provides mobile voice services, roaming services, and mobile data services. This division reflects the company's adaptation to the increasingly mobile-centric communications landscape. The company continues to expand its services in this domain, reflecting the growing demand for wireless communication capabilities.
Beyond its core telecommunications offerings, MTNL has also diversified into other related areas. This includes the operation of data centers, provision of outsourcing application services, and engagement in skill development programs. These activities demonstrate the company's commitment to expanding its business model and leveraging its existing infrastructure and expertise. The incorporation of emergency communication services highlights MTNL's commitment to providing critical communication services.
In summary, MTNL's business encompasses a vast array of communication services, catering to both individual and corporate clients. Its strategic focus is on providing a comprehensive and integrated portfolio that spans from traditional telephony to advanced cloud computing and mobile communication solutions. The company's continued investment in new technologies and services indicates its commitment to staying competitive in a rapidly evolving industry.
Questions investors ask about Mahanagar Telephone Nigam Ltd (MTNL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Mahanagar Telephone Nigam Ltd (MTNL)?
The current share price of Mahanagar Telephone Nigam Ltd (MTNL) is ₹31.24. Today, the stock has gained by ₹0.09 (0.29%), trading in a range of ₹31 to ₹31.92. The stock opened at ₹31.3 with a trading volume of 16,48,330 shares.
02Is Mahanagar Telephone Nigam Ltd stock a good investment for long-term?
Mahanagar Telephone Nigam Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,966.86 crores, P/E ratio of 0.00, ROE of 0.00%, and ROCE of -6.76%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Mahanagar Telephone Nigam Ltd stock?
The 52-week high price of Mahanagar Telephone Nigam Ltd (MTNL) is ₹58.2, while the 52-week low is ₹21.26. Currently trading at ₹31.24, the stock is 27.0% away from its 52-week low and 46.3% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Mahanagar Telephone Nigam Ltd stock at the current price?
Whether to buy Mahanagar Telephone Nigam Ltd stock at ₹31.24 depends on multiple factors. The stock is currently trading with a P/E ratio of 0.00 and P/B ratio of 0.00. Today's performance shows a gain of 0.29%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Mahanagar Telephone Nigam Ltd and when is the next dividend?
Mahanagar Telephone Nigam Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹31.24, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Mahanagar Telephone Nigam Ltd?
Mahanagar Telephone Nigam Ltd's key financial metrics include: P/E Ratio: 0.00, P/B Ratio: 0.00, ROE: 0.00%, ROCE: -6.76%, Dividend Yield: 0.00%, EPS: ₹-49.32, Book Value: ₹-475.34, and Debt-to-Equity: 0.00. The company's market cap stands at ₹1,966.86 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Mahanagar Telephone Nigam Ltd stock performing today in the market?
Mahanagar Telephone Nigam Ltd stock opened at ₹31.3 and is currently trading at ₹31.24, showing a gain of ₹0.09 (0.29%). The intraday high is ₹31.92 and low is ₹31. The trading volume stands at 16,48,330 shares, indicating strong market participation today.
08What is the P/E ratio of Mahanagar Telephone Nigam Ltd and what does it indicate?
Mahanagar Telephone Nigam Ltd has a Price-to-Earnings (P/E) ratio of 0.00, which means investors are willing to pay ₹0.00 for every ₹1 of earnings. With an EPS of ₹-49.32, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Mahanagar Telephone Nigam Ltd (MTNL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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