Mahanagar Telephone Nigam Limited MTNL NSE
Company Overview
Mahanagar Telephone Nigam Limited, together with its subsidiaries, provides telecommunication services in India. It operates through three segments: Basic, Cellular, and Infrastructure Leasing. The company offers mobile, voice, roaming, and internet services; and international long distance services. It also provides remote monitoring; capacity building and skill development programme; ICT Solution with operation and maintenance services; launch, operate, provide, and maintains cloud and managed services; surveillance and perimeter security services, including emergency communication; wi-fi, surveillance projects, infrastructure sharing, web hosting, and cloud computing services. The company was incorporated in 1986 and is based in New Delhi, India.
Why Investors Should Care
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹956.37 Cr (-15.3% YoY); net profit ₹-3,107.24 Cr.
- Trailing 12 Months Year-on-year growth — revenue +229.9%.
- 5-Year Trend Long-term compounding — revenue CAGR 2.9%, profit CAGR -2.2%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 2.95% |
| 1 Year: | 229.90% |
Compounded Profit Growth
| 5 Years: | -2.20% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -49.19% |
| 6 Months: | -30.08% |
| 3 Months: | -17.01% |
| 1 Month: | -6.13% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)36.29 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Generates positive free cash flow.
CONS
- Earnings shrank at -2.2% CAGR over 5 years.
- Trading 51.8% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Communication Services).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MTNL Mahanagar Telephone Nigam Limited NSE | 22.20 | -0.47 | ₹1,398.60 Cr | 0.00% | 2.01% | 10.37% | 2.95% | -2.20% |
| 2 | BHARTIARTL Bharti Airtel Limited NIFTY50NSEAI | 1,891.70 | 39.53 | ₹11.80 L Cr | 1.31% | 16.69% | 20.15% | 14.88% | 47.34% |
| 3 | IDEA Vodafone Idea Limited NIFTY_MIDNSE | 11.64 | 3.37 | ₹1.26 L Cr | 0.00% | 36.90% | -96.63% | 2.05% | 72.64% |
| 4 | INDUSTOWER Indus Towers Limited NIFTY_MIDNSE | 379.00 | 13.97 | ₹99,949.98 Cr | 3.64% | 18.39% | 18.91% | 4.61% | 51.86% |
| 5 | BHARTIHEXA Bharti Hexacom Limited NIFTY_MIDNSE | 1,629.30 | 44.68 | ₹81,465.00 Cr | 1.20% | 21.11% | 24.19% | 12.45% | 46.68% |
| 6 | NAUKRI Info Edge (India) Limited NIFTY_MIDNSEAITECH | 1,235.20 | 50.09 | ₹80,008.55 Cr | 1.18% | 4.71% | 3.82% | 11.88% | 483.26% |
| 7 | TATACOMM Tata Communications Limited NIFTY_MIDNSEAI | 1,691.70 | 51.05 | ₹48,227.94 Cr | 1.05% | 15.29% | 29.06% | 11.58% | -17.69% |
| 8 | SUNTV Sun TV Network Limited NIFTY_SMALLNSE | 627.15 | 16.15 | ₹24,715.02 Cr | 3.26% | 15.31% | 11.39% | 4.74% | -5.51% |
| 9 | PFOCUS Prime Focus Limited NSE | 275.50 | 154.78 | ₹21,455.22 Cr | 0.00% | 24.91% | 10.47% | -0.29% | 14.09% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 219.00 Cr | 199.00 Cr | 198.00 Cr | 192.00 Cr | 209.00 Cr | 184.00 Cr | 267.00 Cr | 261.00 Cr | 275.42 Cr | 65.74 Cr | 189.76 Cr | 197.52 Cr | 370.51 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 35.76 Cr | 20.52 Cr | 21.74 Cr | 19.93 Cr | 29.67 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 239.66 Cr | 45.22 Cr | 168.02 Cr | 177.59 Cr | 340.84 Cr |
| Operating Expenses | 345.00 Cr | 354.00 Cr | 331.00 Cr | 318.00 Cr | 284.00 Cr | 295.00 Cr | 294.00 Cr | 298.00 Cr | 407.36 Cr | 375.90 Cr | 418.17 Cr | 360.40 Cr | 420.22 Cr |
| Operating Income | -307.00 Cr | -320.00 Cr | -303.00 Cr | -292.00 Cr | -239.00 Cr | -267.00 Cr | -182.00 Cr | -187.00 Cr | -167.70 Cr | -330.68 Cr | -250.15 Cr | -182.81 Cr | -79.38 Cr |
| EBITDA | -126.00 Cr | -154.00 Cr | -133.00 Cr | -126.00 Cr | -75.00 Cr | -111.00 Cr | -27.00 Cr | -37.00 Cr | 38.50 Cr | -43.62 Cr | -76.58 Cr | -6.12 Cr | 570.78 Cr |
| Interest Expense | 641.00 Cr | 645.00 Cr | 665.00 Cr | 691.00 Cr | 689.00 Cr | 705.00 Cr | 769.00 Cr | 728.00 Cr | 715.78 Cr | 754.36 Cr | 741.92 Cr | 748.68 Cr | 738.12 Cr |
| Pretax Income | -749.00 Cr | -852.00 Cr | -793.00 Cr | -839.00 Cr | -784.00 Cr | -773.00 Cr | -890.00 Cr | -836.00 Cr | -828.50 Cr | -943.15 Cr | -960.21 Cr | -896.94 Cr | -306.82 Cr |
| Tax Provision | 0 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -62.00 L | 0 | 0 | 0 | 13.00 L |
| Net Income | -749.00 Cr | -852.00 Cr | -793.00 Cr | -839.00 Cr | -784.00 Cr | -773.00 Cr | -890.00 Cr | -836.00 Cr | -827.88 Cr | -943.15 Cr | -960.21 Cr | -896.94 Cr | -306.95 Cr |
| Diluted EPS | -11.88 | -13.52 | -12.58 | -13.32 | -12.44 | -12.28 | -14.13 | -13.27 | -13.14 | -14.97 | -15.24 | -14.24 | -4.87 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,494.00 Cr | 3,223.00 Cr | 2,969.00 Cr | 2,472.00 Cr | 2,085.00 Cr | 1,624.00 Cr | 1,388.00 Cr | - | 876.54 Cr | 759.17 Cr | 1,129.61 Cr | 956.37 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 168.89 Cr | 148.88 Cr | 131.01 Cr | 91.87 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 707.65 Cr | 610.29 Cr | 998.60 Cr | 864.50 Cr |
| Operating Expenses | 4,237.00 Cr | 4,013.00 Cr | 4,027.00 Cr | 3,617.00 Cr | 3,386.00 Cr | 3,070.00 Cr | 1,313.00 Cr | - | 1,746.94 Cr | 1,679.02 Cr | 1,632.21 Cr | 1,574.69 Cr |
| Operating Income | -1,901.00 Cr | -1,968.00 Cr | -2,171.00 Cr | -2,199.00 Cr | -2,302.00 Cr | -2,433.00 Cr | -818.00 Cr | - | -1,039.29 Cr | -1,068.73 Cr | -633.61 Cr | -710.19 Cr |
| EBITDA | -743.00 Cr | -790.00 Cr | -1,058.00 Cr | -1,145.00 Cr | -1,300.00 Cr | -1,447.00 Cr | 75.00 Cr | - | 39.71 Cr | -113.92 Cr | 201.99 Cr | 444.44 Cr |
| Interest Expense | 1,440.00 Cr | 1,351.00 Cr | 1,448.00 Cr | 1,505.00 Cr | 1,703.00 Cr | 1,951.00 Cr | 2,117.00 Cr | - | 2,225.58 Cr | 2,487.44 Cr | 2,918.15 Cr | 2,983.07 Cr |
| Pretax Income | -2,898.00 Cr | -2,437.00 Cr | -2,940.00 Cr | -2,970.00 Cr | -3,387.00 Cr | -3,693.00 Cr | -2,459.00 Cr | - | -2,915.61 Cr | -3,267.71 Cr | -3,328.31 Cr | -3,107.12 Cr |
| Tax Provision | -0 | 487.40 Cr | 0 | -0 | -0 | -0 | -0 | - | -50.00 L | -19.00 L | -62.00 L | 13.00 L |
| Net Income | -2,901.00 Cr | -1,946.00 Cr | -2,936.00 Cr | -2,971.00 Cr | -3,388.00 Cr | -3,694.00 Cr | -2,461.00 Cr | - | -2,915.11 Cr | -3,267.52 Cr | -3,327.69 Cr | -3,107.24 Cr |
| Diluted EPS | -46.05 | -30.89 | -46.60 | -47.16 | -53.78 | -58.63 | -39.07 | -41.32 | -46.27 | -51.87 | -52.82 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 26,938.00 Cr | 18,675.00 Cr | 17,709.00 Cr | 16,298.00 Cr | 14,720.00 Cr | 16,706.00 Cr | 13,400.00 Cr | - | 11,643.99 Cr | 10,717.34 Cr | 10,226.33 Cr | 10,075.65 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 5,793.73 Cr | 5,390.86 Cr | 5,352.84 Cr | 5,678.62 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 166.39 Cr | 85.07 Cr | 180.76 Cr | 137.40 Cr |
| Inventory | - | - | - | - | - | - | - | - | 5.05 Cr | 5.78 Cr | 5.94 Cr | 6.59 Cr |
| Receivables | - | - | - | - | - | - | - | - | 587.14 Cr | 1,600.02 Cr | 559.79 Cr | 329.88 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 32,498.93 Cr | 34,361.46 Cr | 37,145.31 Cr | 40,035.39 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 12,337.61 Cr | 9,670.91 Cr | 12,993.62 Cr | 16,234.58 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 19,507.34 Cr | 24,005.77 Cr | 23,481.93 Cr | 23,181.08 Cr |
| Total Debt | 16,608.00 Cr | 13,441.00 Cr | 15,201.00 Cr | 17,019.00 Cr | 19,737.00 Cr | 23,291.00 Cr | 25,600.00 Cr | - | 28,350.95 Cr | 30,141.28 Cr | 32,441.40 Cr | 35,444.57 Cr |
| Total Equity | 2,059.00 Cr | -405.00 Cr | -3,374.00 Cr | -6,332.00 Cr | -9,728.00 Cr | -13,582.00 Cr | -16,045.00 Cr | - | -20,854.94 Cr | -23,644.12 Cr | -26,918.98 Cr | -29,959.74 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 63.00 Cr | 63.00 Cr | 63.00 Cr | 63.00 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -1,167.00 Cr | 1,078.00 Cr | -1,024.00 Cr | 155.00 Cr | -733.00 Cr | -1,206.00 Cr | -225.00 Cr | - | 63.85 Cr | 130.10 Cr | 339.85 Cr | 176.43 Cr |
| Investing Cash Flow | -107.00 Cr | -37.00 Cr | -30.00 Cr | -492.00 Cr | -297.00 Cr | -43.00 Cr | -259.00 Cr | - | -173.80 Cr | 107.38 Cr | -28.70 Cr | -200.51 Cr |
| Financing Cash Flow | 1,110.00 Cr | -957.00 Cr | 984.00 Cr | 345.00 Cr | 1,044.00 Cr | 1,326.00 Cr | 414.00 Cr | - | 177.07 Cr | -318.79 Cr | -215.45 Cr | -19.29 Cr |
| Capital Expenditure | -128.00 Cr | -299.00 Cr | -417.00 Cr | -512.00 Cr | -310.00 Cr | -142.00 Cr | -99.00 Cr | - | -43.68 Cr | -73.13 Cr | -35.77 Cr | -24.90 Cr |
| Free Cash Flow | -1,295.00 Cr | 779.00 Cr | -1,441.00 Cr | -357.00 Cr | -1,043.00 Cr | -1,348.00 Cr | -324.00 Cr | - | 20.17 Cr | 56.97 Cr | 304.08 Cr | 151.53 Cr |
| Net Change in Cash | -164.00 Cr | 85.00 Cr | -71.00 Cr | 7.00 Cr | 14.00 Cr | 77.00 Cr | -70.00 Cr | - | 67.12 Cr | -81.31 Cr | 95.70 Cr | -43.37 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 80.7% | 80.4% | 88.4% | 90.4% |
| Operating Margin % | -54.4% | -61.1% | -73.1% | -89.0% | -110.4% | -149.8% | -58.9% | - | -118.6% | -140.8% | -56.1% | -74.3% |
| Net Margin % | -83.0% | -60.4% | -98.9% | -120.2% | -162.5% | -227.5% | -177.3% | - | -332.6% | -430.4% | -294.6% | -324.9% |
| ROE % | -140.9% | 480.5% | 87.0% | 46.9% | 34.8% | 27.2% | 15.3% | - | 14.0% | 13.8% | 12.4% | 10.4% |
| ROCE % | - | - | - | - | - | - | - | - | 149.8% | -102.1% | 22.9% | 11.5% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for MTNL
News by CNBC TV18 on TradingView, 2026-10-01 — cnbctv:ea444bdfa094b:0 - TradingView
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MTNL shares zoom nearly 13% after Rs 891.53 crore Powai property sale - Moneycontrol.com
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MTNL zooms 17% on board nod to Mumbai property sale worth ₹891.53 cr - Business Standard
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MTNL shares rally 17% as board approves Rs 892 crore Powai property sale amid debt worries - The Economic Times
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MTNL In Focus: Government Monetises Assets Worth Rs 10,000 Crore, Shares Rally Over 10% - NDTV Profit
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MTNL receives ₹12 lakh financial disincentive from TRAI for SoQ violation - scanx.trade
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MTNL — Frequently Asked Questions
What is the current share price of Mahanagar Telephone Nigam Limited (MTNL)?
As of 2026-10-23 04:58 IST, Mahanagar Telephone Nigam Limited (MTNL) trades at ₹22.20 on NSE. Its 52-week range is ₹21.47 to ₹46.09.
What is the market capitalisation of MTNL?
Mahanagar Telephone Nigam Limited (MTNL) has a market capitalisation of ₹1,398.60 Cr on NSE.
What is the P/E ratio of MTNL?
MTNL trades at a trailing price-to-earnings (P/E) ratio of -0.47. The industry average P/E is 21.11. Its price-to-book (P/B) ratio is -0.05.
What is the return on equity (ROE) of MTNL?
MTNL has a return on equity (ROE) of 10.37%. Its return on capital employed (ROCE) is 2.01%.
Is MTNL a good stock to buy?
This page provides a data-driven analysis of Mahanagar Telephone Nigam Limited (MTNL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.