Mahanagar Telephone Nigam Limited MTNL NSE
Mahanagar Telephone Nigam Limited, together with its subsidiaries, provides telecommunication services in India. The company operates through two segments, Basic and Other Services, and Cellular Services. It offers mobile, voice, roaming, and internet services; and international long distance services. The company 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. In addition, it is involved in the provision of cloud services; and information technology/data activities. Mahanagar Telephone Nigam Limited was incorporated in 1986 and is based in New Delhi, India.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
No notable strengths flagged.
CONS
- Earnings shrank at -2.2% CAGR over 5 years.
- Trading 44.5% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
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
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
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 | 30.19 | - | ₹1,901.97 Cr | - | 2.01% | - | 2.95% | -2.20% |
| 2 | IDEA Vodafone Idea Limited NIFTY_MIDNSE | 13.99 | 4.36 | ₹1.52 L Cr | - | 36.88% | - | 2.05% | 72.64% |
| 3 | INDUSTOWER Indus Towers Limited NIFTY_MIDNSE | 442.05 | 16.31 | ₹1.17 L Cr | - | 18.44% | 19.81% | 4.61% | 51.86% |
| 4 | NAUKRI Info Edge (India) Limited NIFTY_MIDNSEAITECH | 995.00 | 44.44 | ₹64,449.87 Cr | 1.45% | 4.71% | 4.57% | 11.88% | 483.26% |
| 5 | TATACOMM Tata Communications Limited NIFTY_MIDNSEAI | 1,965.00 | 53.76 | ₹56,002.50 Cr | 0.89% | 15.29% | 31.13% | 11.61% | -17.69% |
| 6 | AFFLE Affle 3i Limited NIFTY_SMALLNSEAI | 1,463.00 | 45.25 | ₹20,575.72 Cr | - | 15.30% | 13.79% | 23.64% | 22.97% |
| 7 | SUNTV Sun TV Network Limited NIFTY_SMALLNSE | 502.15 | 13.73 | ₹19,788.96 Cr | 1.00% | 15.31% | 11.85% | 4.74% | -5.51% |
| 8 | PFOCUS Prime Focus Limited NSE | 233.40 | 59.54 | ₹18,111.62 Cr | - | 24.91% | 13.14% | -0.29% | 14.09% |
| 9 | INDIAMART IndiaMART InterMESH Limited NIFTY_SMALLNSEAITECH | 2,015.70 | 25.58 | ₹12,116.83 Cr | 1.49% | 19.97% | 20.70% | 16.77% | 18.70% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | - | 261.24 Cr | 275.42 Cr | 65.74 Cr | 189.76 Cr | 197.52 Cr | 370.51 Cr |
| Cost of Revenue | - | 32.70 Cr | 35.76 Cr | 20.52 Cr | 21.74 Cr | 19.93 Cr | 29.67 Cr |
| Gross Profit | - | 228.54 Cr | 239.66 Cr | 45.22 Cr | 168.02 Cr | 177.59 Cr | 340.84 Cr |
| Operating Expenses | - | 415.31 Cr | 407.36 Cr | 375.90 Cr | 418.17 Cr | 360.40 Cr | 420.22 Cr |
| Operating Income | - | -186.77 Cr | -167.70 Cr | -330.68 Cr | -250.15 Cr | -182.81 Cr | -79.38 Cr |
| EBITDA | - | 41.50 Cr | 38.50 Cr | -43.62 Cr | -76.58 Cr | -6.12 Cr | 570.78 Cr |
| Interest Expense | - | 727.70 Cr | 715.78 Cr | 754.36 Cr | 741.92 Cr | 748.68 Cr | 738.12 Cr |
| Pretax Income | - | -836.07 Cr | -828.50 Cr | -943.15 Cr | -960.21 Cr | -896.94 Cr | -306.82 Cr |
| Tax Provision | - | 0 | -62.00 L | 0 | 0 | 0 | 13.00 L |
| Net Income | - | -836.07 Cr | -827.88 Cr | -943.15 Cr | -960.21 Cr | -896.94 Cr | -306.95 Cr |
| Diluted EPS | -14.13 | -13.27 | -13.14 | -14.97 | -15.24 | -14.24 | -4.87 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 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 | - | 1,746.94 Cr | 1,679.02 Cr | 1,632.21 Cr | 1,574.69 Cr |
| Operating Income | - | -1,039.29 Cr | -1,068.73 Cr | -633.61 Cr | -710.19 Cr |
| EBITDA | - | 39.71 Cr | -113.92 Cr | 201.99 Cr | 444.44 Cr |
| Interest Expense | - | 2,225.58 Cr | 2,487.44 Cr | 2,918.15 Cr | 2,983.07 Cr |
| Pretax Income | - | -2,915.61 Cr | -3,267.71 Cr | -3,328.31 Cr | -3,107.12 Cr |
| Tax Provision | - | -50.00 L | -19.00 L | -62.00 L | 13.00 L |
| Net Income | - | -2,915.11 Cr | -3,267.52 Cr | -3,327.69 Cr | -3,107.24 Cr |
| Diluted EPS | -41.32 | -46.27 | -51.87 | -52.82 | - |
Compounded Sales Growth
| 5 Years: | 2.95% |
| 1 Year: | 87.90% |
Compounded Profit Growth
| 5 Years: | -2.20% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -36.81% |
| 6 Months: | -20.47% |
| 3 Months: | +1.68% |
| 1 Month: | -3.18% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 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 | - | 28,350.95 Cr | 30,141.28 Cr | 32,441.40 Cr | 35,444.57 Cr |
| Total Equity | - | -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 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 63.85 Cr | 130.10 Cr | 339.85 Cr | 176.43 Cr |
| Investing Cash Flow | - | -173.80 Cr | 107.38 Cr | -28.70 Cr | -200.51 Cr |
| Financing Cash Flow | - | 177.07 Cr | -318.79 Cr | -215.45 Cr | -19.29 Cr |
| Capital Expenditure | - | -43.68 Cr | -73.13 Cr | -35.77 Cr | -24.90 Cr |
| Free Cash Flow | - | 20.17 Cr | 56.97 Cr | 304.08 Cr | 151.53 Cr |
| Net Change in Cash | - | 67.12 Cr | -81.31 Cr | 95.70 Cr | -43.37 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 80.7% | 80.4% | 88.4% | 90.4% |
| Operating Margin % | - | -118.6% | -140.8% | -56.1% | -74.3% |
| Net Margin % | - | -332.6% | -430.4% | -294.6% | -324.9% |
| ROE % | - | 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.
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