
MAHANAGAR TELEPHONE NIGAM Latest Share Price (MTNL)
TODAY IN ONE LINE
MTNL is little changed at ₹23.80 on light volume — a quiet consolidation day.
With a market cap of ₹1,493.1 Cr., it trades at a P/E of N/A. 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
- ●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 valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for MAHANAGAR TELEPHONE NIGAM, 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 technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for MAHANAGAR TELEPHONE NIGAM — derived from the latest tape, not yesterday's close.
MAHANAGAR TELEPHONE NIGAM last traded at ₹23.8 with an intraday range of ₹23.52–₹24.15 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹23.80| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 25.39 | +1.59 | +6.67% |
| R3 | 24.76 | +0.96 | +4.02% |
| R2 | 24.45 | +0.65 | +2.75% |
| R1 | 24.13 | +0.33 | +1.37% |
| PIVOT | 23.82 | 0.02 | 0.10% |
| CURRENT | 23.80 | — | — |
| S1 | 23.50 | -0.30 | -1.27% |
| S2 | 23.19 | -0.61 | -2.55% |
| S3 | 22.87 | -0.93 | -3.92% |
| S4 | 22.24 | -1.56 | -6.57% |
MTNL is trading Below CPR, indicating Bearishness
CPR is Narrower, suggesting likely for trending moves
Day's range: ₹23.78–₹24
Trading Inside opening range
MAHANAGAR TELEPHONE NIGAM financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for MAHANAGAR TELEPHONE NIGAM — consolidated or standalone — with margins, YoY growth and key ratios inline.
MAHANAGAR TELEPHONE NIGAM reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1,493.1 Cr. and reported EPS of ₹-13.37.
| 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.
Our AI distills the core fundamental drivers supporting MAHANAGAR TELEPHONE NIGAM, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
MAHANAGAR TELEPHONE NIGAM's investment case rests on 0 positive markers and 1 flagged concerns drawn from the latest reported filings.
What you're getting.
No strengths or opportunities on record.
Key Risks.
SWOT generation temporarily unavailable due to model error. The security token included in the request is invalid.
Flip Conditions.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
MAHANAGAR TELEPHONE NIGAM peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — MAHANAGAR TELEPHONE NIGAM is highlighted for quick read-across.
Quick Compare
MAHANAGAR TELEPHONE NIGAM chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for MAHANAGAR TELEPHONE NIGAM — 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 delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for MAHANAGAR TELEPHONE NIGAM over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in MAHANAGAR TELEPHONE NIGAM stood at 41.3% of traded volume, against a 20-day average of 42.7%.
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 175 documents below.
General Updates
COMPLIANCE OF REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015- DISCLOSURE OFEVENTS OR INFORMATION DISCLOSURE OF IMPOSITION OF FINES OR…
General Updates
COMPLIANCE OF REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 - DISCLOSURE OF EVENTS OR INFORMATION INTIMATION REGARDING CHANGE IN SENIOR…
General Updates
COMPLIANCE WITH REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 & SEBI CIRCULAR NO SEBI/HO/CFD/CMD1/CIR/P/2019/140 DATED 21.11.2019 INTIMATION…
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 APPOINTMENT OF STATUTORY AUDITORS UNDER…
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: business, sector, key facts.
What MAHANAGAR TELEPHONE NIGAM does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
MAHANAGAR TELEPHONE NIGAM 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 (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 (MTNL)?
The current share price of MAHANAGAR TELEPHONE NIGAM (MTNL) is ₹23.80. Today, the stock has gained by ₹0.03 (0.13%), trading in a range of ₹23.52 to ₹24.15. The stock opened at ₹23.78 with a trading volume of 7,78,801 shares.
02Is MAHANAGAR TELEPHONE NIGAM stock a good investment for long-term?
MAHANAGAR TELEPHONE NIGAM can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,493.1 Cr., P/E ratio of 0, ROE of 0%, and ROCE of -2.35%. The dividend yield stands at 0%. 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 stock?
The 52-week high price of MAHANAGAR TELEPHONE NIGAM (MTNL) is ₹46.09, while the 52-week low is ₹21.26. Currently trading at ₹23.80, the stock is 11.95% above its 52-week low and 48.36% 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 stock at the current price?
Whether to buy MAHANAGAR TELEPHONE NIGAM stock at ₹23.80 depends on multiple factors. The stock is currently trading with a P/E ratio of 0 and P/B ratio of -0.05. Today's performance shows a gain of 0.13%. 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 and when is the next dividend?
MAHANAGAR TELEPHONE NIGAM offers a dividend yield of 0%, which means for every ₹100 invested at the current price of ₹23.80, 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.
06How is MAHANAGAR TELEPHONE NIGAM stock performing today in the market?
MAHANAGAR TELEPHONE NIGAM stock opened at ₹23.78 and is currently trading at ₹23.80, showing a gain of ₹0.03 (0.13%). The intraday high is ₹24.15 and low is ₹23.52. The trading volume stands at 7,78,801 shares, indicating moderate market participation today.
07What is the P/E ratio of MAHANAGAR TELEPHONE NIGAM and what does it indicate?
MAHANAGAR TELEPHONE NIGAM has a Price-to-Earnings (P/E) ratio of 0, which means investors are willing to pay 0.00 for every ₹1 of earnings. With an EPS of ₹-13.37, 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.
08What is the market capitalization of MAHANAGAR TELEPHONE NIGAM?
MAHANAGAR TELEPHONE NIGAM has a market capitalization of ₹1,493.1 Cr., making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹23.80) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
The data, ratios and commentary about MAHANAGAR TELEPHONE NIGAM (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.