
Mahanagar Telephone Nigam Share Price Today (MTNL)
TODAY IN ONE LINE
MTNL slipped 1.0% on light volume, in line with Nifty's -1.0% move, supported by recent strong earnings.
With a market cap of ₹1,760.85 Cr., it trades at a P/E of -0.57. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
Mahanagar Telephone Nigam flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●Quarterly OutperformanceLatest quarter Sales up 34.5% and Profit up 62.9%
- ●High Promoter HoldingPromoters hold 56.3% skin-in-the-game
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.00x
- ●Positive Free Cash FlowFCF has been positive for 3 consecutive years
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
No red flags identified
Latest Mahanagar Telephone Nigam News
What changed recently?
Recent events, corporate actions, and announcements.
Mahanagar Telephone Nigam Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Mahanagar Telephone Nigam Limited, framed against the sector median so the premium or discount is obvious at a glance.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
Mahanagar Telephone Nigam Limited 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 Limited — derived from the live tape, not yesterday's close.
Mahanagar Telephone Nigam Limited last traded at ₹27.84 with an intraday range of ₹27.84–₹28.13 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹27.84| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 28.61 | +0.77 | +2.78% |
| R3 | 28.32 | +0.48 | +1.74% |
| R2 | 28.23 | +0.39 | +1.39% |
| R1 | 28.03 | +0.19 | +0.69% |
| PIVOT | 27.94 | 0.10 | 0.35% |
| CURRENT | 27.84 | — | — |
| S1 | 27.74 | -0.10 | -0.35% |
| S2 | 27.65 | -0.19 | -0.69% |
| S3 | 27.45 | -0.39 | -1.39% |
| S4 | 27.16 | -0.68 | -2.43% |
MTNL is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: ₹27.85–₹28.13
Trading Inside opening range
Mahanagar Telephone Nigam Limited financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for Mahanagar Telephone Nigam Limited — consolidated or standalone — with margins, YoY growth and key ratios inline.
Mahanagar Telephone Nigam Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1,760.85 Cr. and reported EPS of ₹-49.32.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 698 | 956 ▲ 37.0% |
| Sales Growth YoY %Derived | -12.59% | 37.01% |
| Other Income | 681 | 585 ▼ 14.1% |
| Total Income | 1,379 | 1,541 ▲ 11.8% |
| 5 | 3 ▼ 25.7% | |
| Gross ProfitDerived | 693 | 953 ▲ 37.4% |
| Gross Margin %Derived | 99.34% | 99.64% |
| 1,174 | 1,095 ▼ 6.7% | |
| EBITDA (Operating Profit)Derived | -480 | -142 ▲ 70.5% |
| OPM %Derived | -68.81% | -14.82% |
| 3,530 | 3,552 ▲ 0.6% | |
| Profit Before Tax (PBT) | -3,330 | -3,109 ▲ 6.7% |
| -1 | 0 ▲ 121.0% | |
| Effective Tax %Derived | 0.02% | -0.00% |
| Profit/Loss from Discontinued Ops | — | — |
| Total Profit for Period | -3,328 | -3,107 ▲ 6.6% |
| Net Profit (Owner's PAT)Derived | -3,328 | -3,107 ▲ 6.6% |
| Net Profit Margin %Derived | -476.73% | -324.90% |
| PAT Growth YoY %Derived | -1.84% | 6.62% |
| Earnings Per Share (EPS ₹) | -52.82 | -49.32 ▲ 6.6% |
| Diluted Shares Outstanding (Cr) | 63 | 63 ▲ 0.0% |
| Share of Profit from Associates/JVs | 2 | 1 ▼ 21.4% |
| Other Comprehensive Income (Net of Tax) | -16 | 4 ▲ 126.0% |
| Total Expenses (incl. D&A & Interest) | 4,709 | 4,650 ▼ 1.3% |
| Material Cost % of RevenueDerived | — | — |
| Employee Cost % of RevenueDerived | 82.41% | 54.68% |
| Other Cost % of RevenueDerived | 85.74% | 59.78% |
| Interest Coverage (x)Derived | -0.37x | -0.24x |
| Period | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 2,472 | 1,624 ▼ 34.3% | 1,388 ▼ 14.5% | 1,149 ▼ 17.2% | 935 ▼ 18.6% | 799 ▼ 14.6% | 698 ▼ 12.6% | 956 ▲ 37.0% | |
| Sales Growth YoY %Derived | — | — | -14.53% | -17.20% | -18.61% | -14.61% | -12.59% | 37.01% | |
| Other Income | 745 | 693 ▼ 7.0% | 485 ▼ 30.0% | 629 ▲ 29.6% | 613 ▼ 2.5% | 575 ▼ 6.3% | 681 ▲ 18.4% | 585 ▼ 14.1% | |
| Total Income | 3,217 | 2,317 ▼ 28.0% | 1,873 ▼ 19.2% | 1,778 ▼ 5.1% | 1,548 ▼ 12.9% | 1,373 ▼ 11.3% | 1,379 ▲ 0.4% | 1,541 ▲ 11.8% | |
7 | 2 ▼ 62.9% | 5 ▲ 109.5% | 6 ▲ 20.1% | 6 ▲ 3.3% | 5 ▼ 28.7% | 5 ▲ 0.4% | 3 ▼ 25.7% | ||
| Gross ProfitDerived | 2,465 | 1,621 ▼ 34.2% | 1,382 ▼ 14.7% | 1,143 ▼ 17.3% | 929 ▼ 18.7% | 794 ▼ 14.5% | 693 ▼ 12.7% | 953 ▲ 37.4% | |
| Gross Margin %Derived | 99.73% | 99.85% | 99.62% | 99.46% | 99.31% | 99.42% | 99.34% | 99.64% | |
3,623 | 3,079 ▼ 15.0% | 1,327 ▼ 56.9% | 1,461 ▲ 10.1% | 1,375 ▼ 5.9% | 1,282 ▼ 6.8% | 1,174 ▼ 8.4% | 1,095 ▼ 6.7% | ||
| EBITDA (Operating Profit)Derived | -1,157 | -1,458 ▼ 26.0% | 55 ▲ 103.8% | -319 ▼ 675.3% | -446 ▼ 39.9% | -488 ▼ 9.4% | -480 ▲ 1.5% | -142 ▲ 70.5% | |
| OPM %Derived | -46.82% | -89.83% | 3.99% | -27.73% | -47.67% | -61.09% | -68.81% | -14.82% | |
2,559 | 2,928 ▲ 14.4% | 3,001 ▲ 2.5% | 2,912 ▼ 3.0% | 3,084 ▲ 5.9% | 3,356 ▲ 8.8% | 3,530 ▲ 5.2% | 3,552 ▲ 0.6% | ||
| Profit Before Tax (PBT) | -2,971 | -3,693 ▼ 24.3% | -2,460 ▲ 33.4% | -2,601 ▼ 5.7% | -2,917 ▼ 12.1% | -3,270 ▼ 12.1% | -3,330 ▼ 1.9% | -3,109 ▲ 6.7% | |
1 | 1 ▲ 19.4% | 2 ▲ 94.8% | 3 ▲ 40.7% | -0 ▼ 117.1% | -0 ▲ 62.1% | -1 ▼ 228.0% | 0 ▲ 121.0% | ||
| Effective Tax %Derived | -0.03% | -0.03% | -0.08% | -0.11% | 0.02% | 0.01% | 0.02% | -0.00% | |
| Profit/Loss from Discontinued Ops | 0 | — ▼ 100.0% | — | — | — | — | — | — | |
| Total Profit for Period | -2,971 | -3,694 ▼ 24.3% | -2,461 ▲ 33.4% | -2,603 ▼ 5.8% | -2,915 ▼ 12.0% | -3,268 ▼ 12.1% | -3,328 ▼ 1.8% | -3,107 ▲ 6.6% | |
| Net Profit (Owner's PAT)Derived | -2,971 | -3,694 ▼ 24.3% | -2,461 ▲ 33.4% | -2,603 ▼ 5.8% | -2,915 ▼ 12.0% | -3,268 ▼ 12.1% | -3,328 ▼ 1.8% | -3,107 ▲ 6.6% | |
| Net Profit Margin %Derived | -120.21% | -227.51% | -177.36% | -226.55% | -311.70% | -409.18% | -476.73% | -324.90% | |
| PAT Growth YoY %Derived | — | — | 33.37% | -5.76% | -11.98% | -12.09% | -1.84% | 6.62% | |
| Earnings Per Share (EPS ₹) | -47.16 | -58.63 ▼ 24.3% | -39.07 ▲ 33.4% | -41.32 ▼ 5.8% | -46.27 ▼ 12.0% | -51.87 ▼ 12.1% | -52.82 ▼ 1.8% | -49.32 ▲ 6.6% | |
| Diluted Shares Outstanding (Cr) | 63 | 63 ▲ 0.0% | 63 ▲ 0.0% | 63 ▲ 0.0% | 63 ▲ 0.0% | 63 ▲ 0.0% | 63 ▲ 0.0% | 63 ▲ 0.0% | |
| Share of Profit from Associates/JVs | 1 | 0 ▼ 59.1% | 1 ▲ 247.2% | 1 ▲ 42.5% | 1 ▲ 8.0% | 2 ▲ 46.3% | 2 ▼ 0.1% | 1 ▼ 21.4% | |
| Other Comprehensive Income (Net of Tax) | 13 | -120 ▼ 1042.4% | -1 ▲ 99.0% | -21 ▼ 1697.5% | -0 ▲ 98.3% | -19 ▼ 5341.8% | -16 ▲ 18.0% | 4 ▲ 126.0% | |
| Total Expenses (incl. D&A & Interest) | 6,188 | 6,009 ▼ 2.9% | 4,333 ▼ 27.9% | 4,379 ▲ 1.1% | 4,465 ▲ 2.0% | 4,643 ▲ 4.0% | 4,709 ▲ 1.4% | 4,650 ▼ 1.3% | |
| Material Cost % of RevenueDerived | — | — | — | — | — | — | — | — | |
| Employee Cost % of RevenueDerived | 99.07% | 131.08% | 30.02% | 48.62% | 58.74% | 71.89% | 82.41% | 54.68% | |
| Other Cost % of RevenueDerived | 47.48% | 58.59% | 65.62% | 78.56% | 88.24% | 88.62% | 85.74% | 59.78% | |
| Interest Coverage (x)Derived | -1.47x | -1.26x | -0.40x | -0.51x | -0.50x | -0.43x | -0.37x | -0.24x |
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
The Bull, Bear, and Flip case for Mahanagar Telephone Nigam Limited.
Our AI distills the core fundamental drivers supporting Mahanagar Telephone Nigam Limited, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
Mahanagar Telephone Nigam Limited's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Stable promoter holding of 56.25% demonstrates strong governance commitment despite losses.
Operating cash flow of ₹176 Cr shows liquidity resilience amid persistent net losses.
TTM revenue growth of 87.9% reflects recovery trajectory from severely depressed base.
Established telecom infrastructure spanning India and Mauritius provides legacy network asset.
EBITDA per share of ₹7.05 provides operational cash generation cushion despite losses.
Key Risks.
Operating margin of -14.80% signals severe operational distress and structural unprofitability.
Net loss of ₹3,107 Cr annually erodes shareholder value and equity base significantly.
Negative book value of ₹-475.34 per share indicates technical insolvency and equity destruction.
Total debt of ₹35.4 lakh Cr strains cash flows and severely limits financial flexibility.
Negative ROCE of -2.25% demonstrates poor capital efficiency and value destruction.
Flip Conditions.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Mahanagar Telephone Nigam Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Mahanagar Telephone Nigam Limited is highlighted for quick read-across.
Quick Compare
Mahanagar Telephone Nigam Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Mahanagar Telephone Nigam Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
- 1Pick how to scan. Detection sets sensitivity — Daily (standard) → Weekly (big swings). History sets how far back to look.
- 2Read the summary. The tiles at the top give the current read: net bias, the strongest pattern, and the one nearest to triggering.
- 3Scan the list. Use the Actionable, Watchlist, and History tabs to browse patterns. Click a pattern card to focus it.
- 4Inspect on the chart. Focusing draws the pattern’s pivots plus its break (blue), target (amber) and invalidation lines.
- 5Filter to what matters. Use the status controls (Confirmed, Forming, Invalidated) to hide noise and find exactly what you are looking for.
Pattern history — every completed pattern and its outcome
Mahanagar Telephone Nigam Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Mahanagar Telephone Nigam Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Mahanagar Telephone Nigam Limited stood at 37.7% of traded volume, against a 20-day average of 42.5%.
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 151 documents below.
General Updates
COMPLIANCE WITH REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 - FUNDING OF 06TH SEMI ANNUAL INTEREST IN ESCROW ACCOUNT MAINTAINED IN BANK OF…
General Updates
COMPLIANCE WITH SEBI MASTER CIRCULAR NO. SEBI/ HO/CFD/PoD2/CIR/P/2023/120 dtd. July 11,2023 DISCLOSURES BY LISTED ENTITIES OF DEFAULTS ON PAYMENT…
General Updates
COMPLIANCE WITH REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015 & SEBI CIRCULAR NO SEBI/HO/CFD/CMD1/CIR/P/2019/140 DATED 21.11.2019 INTIMATION OF…
General Updates
COMPLIANCE WITH REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 - NON-FUNDING OF 06TH SEMI ANNUAL INTEREST IN ESCROW ACCOUNT MAINTAINED IN BANK…
Change in Director(s)
Mahanagar Telephone Nigam Limited has informed the Exchange regarding Change in Director(s) of the company.
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 Limited: business, sector, key facts.
What Mahanagar Telephone Nigam Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Mahanagar Telephone Nigam Limited operates in the Telecom - Cellular & Fixed line services industry under the Telecommunication sector, 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.
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Questions investors ask about Mahanagar Telephone Nigam Limited (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 Limited (MTNL)?
The current share price of Mahanagar Telephone Nigam Limited (MTNL) is ₹27.84. Today, the stock has declined by ₹0.27 (0.96%), trading in a range of ₹27.84 to ₹28.13. The stock opened at ₹28.11 with a trading volume of 1,90,724 shares.
02What is the 52-week high and low price of Mahanagar Telephone Nigam Limited stock?
The 52-week high price of Mahanagar Telephone Nigam Limited (MTNL) is ₹48.19, while the 52-week low is ₹21.26. Currently trading at ₹27.84, the stock is 24.4% away from its 52-week low and 42.2% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
03Should I buy Mahanagar Telephone Nigam Limited stock at the current price?
Whether to buy Mahanagar Telephone Nigam Limited stock at ₹27.84 depends on multiple factors. The stock is currently trading with a P/E ratio of -0.57 and P/B ratio of -0.06. Today's performance shows a loss of 0.96%. 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.
04What is the dividend yield of Mahanagar Telephone Nigam Limited and when is the next dividend?
Mahanagar Telephone Nigam Limited offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹27.84, 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.
05How is Mahanagar Telephone Nigam Limited stock performing today in the market?
Mahanagar Telephone Nigam Limited stock opened at ₹28.11 and is currently trading at ₹27.84, showing a decline of ₹0.27 (0.96%). The intraday high is ₹28.13 and low is ₹27.84. The trading volume stands at 1,90,724 shares, indicating moderate market participation today.
06What is the P/E ratio of Mahanagar Telephone Nigam Limited and what does it indicate?
Mahanagar Telephone Nigam Limited has a Price-to-Earnings (P/E) ratio of -0.57, which means investors are willing to pay ₹-0.57 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.
07What is the market capitalization of Mahanagar Telephone Nigam Limited?
Mahanagar Telephone Nigam Limited has a market capitalization of ₹1,760.85 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹27.84) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
08What is the book value and P/B ratio of Mahanagar Telephone Nigam Limited?
Mahanagar Telephone Nigam Limited has a book value of ₹-476 per share and a Price-to-Book (P/B) ratio of -0.06. The current market price is ₹27.84, which is -105.8% above the book value. A P/B ratio below 1 may indicate undervaluation or asset quality concerns.
The data, ratios and commentary about Mahanagar Telephone Nigam Limited (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.