Mahanagar Telephone Nigam Limited

NSE: MTNL · Unclassified

₹26.86+11.13%06 Nov 2026

Ask the data

Instant answers about Mahanagar Telephone Nigam Limited — computed from its filings, no language model

Market cap₹1,692 cr

Current price₹26.86

High / Low₹43 / ₹21

P/E—

P/B—

Book value₹-475.6

ROE—

ROCE-0.6%

Debt / equity—

Dividend yield—

EPS (TTM)₹-47.72

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,624	1,388	1,149	935	799	698	956
EBITDA	-1,458	55	-319	-446	-488	-480	-142
Operating margin	-89.8%	4.0%	-27.7%	-47.7%	-61.1%	-68.8%	-14.8%
Interest	1,942	2,107	2,140	2,354	2,690	2,918	2,983
Depreciation	986	893	772	730	666	612	568
Profit before tax	-3,693	-2,460	-2,601	-2,917	-3,270	-3,330	-3,109
Tax	1	2	3	-0	-0	-1	0
Net profit	-3,694	-2,461	-2,603	-2,915	-3,268	-3,328	-3,107
EPS ₹	-58.63	-39.07	-41.32	-46.27	-51.87	-52.82	-49.32
Operating cash flow	—	—	704	64	130	340	176
Capex	—	—	13	44	73	36	25
Dividend paid	—	—	0	0	0	0	0
Total assets	—	—	—	11,644	10,717	10,226	10,076
Equity	—	—	—	-20,855	-23,644	-26,919	-29,960

Quarterly performance

last 29 quarters · ₹ crore

showing latest 8 of 29 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	434	389	408	393	369	342	360	316	301	306	304	239	251	238	227	219	199	2	192	209	184	174	170	170	66	190	198	371	217
Operating profit	-438	-458	-560	-3	19	42	6	-12	-86	-50	-28	-154	-80	-111	-129	-126	-154	-1	-126	-75	-111	-119	-128	-122	-186	-108	-41	60	-33
Operating margin	-100.9%	-117.8%	-137.3%	-0.8%	5.1%	12.3%	1.7%	-3.7%	-28.7%	-16.5%	-9.1%	-64.6%	-31.8%	-46.8%	-56.8%	-57.3%	-77.4%	-67.2%	-65.4%	-35.8%	-60.3%	-68.5%	-75.3%	-71.8%	-282.2%	-57.1%	-20.6%	16.2%	-15.2%
Other income	112	239	217	126	104	116	111	155	116	119	113	281	150	137	127	199	113	2	143	145	198	152	169	160	141	31	34	511	75
Interest	475	484	479	505	526	510	541	531	516	533	552	538	540	581	592	641	645	7	691	689	705	769	728	716	754	742	749	738	748
Depreciation	254	248	244	240	236	231	214	212	202	191	192	187	183	184	181	181	166	2	166	164	156	155	150	151	145	142	142	139	137
Profit before tax	-1,054	-950	-1,066	-623	-639	-583	-638	-600	-689	-655	-660	-598	-653	-738	-776	-749	-852	-8	-840	-784	-774	-891	-836	-829	-944	-961	-898	-306	-843
Tax	0	0	0	1	0	0	0	2	0	0	0	3	0	0	0	-0	0	0	0	-0	0	0	0	-1	0	0	0	0	0
Net profit	-1,055	-950	-1,065	-624	-639	-582	-638	-602	-689	-655	-659	-601	-653	-738	-776	-749	-852	-8	-839	-784	-773	-890	-836	-828	-943	-960	-897	-307	-842
EPS ₹	-16.74	-15.08	-16.91	-9.90	-10.15	-9.24	-10.12	-9.56	-10.93	-10.39	-10.47	-9.53	-10.37	-11.71	-12.31	-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	-13.37
Revenue YoY	—	—	—	—	-15.0%	-11.9%	-11.6%	-19.6%	-18.3%	-10.7%	-15.8%	-24.6%	-16.7%	-22.2%	-25.1%	-8.1%	-20.4%	-99.2%	-15.5%	-4.6%	-7.8%	8699.0%	-11.5%	-18.7%	-64.2%	8.9%	16.1%	118.1%	229.9%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Mahanagar Telephone Nigam Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	4,588	3,747	3,841	3,457	3,429	3,400	3,197	2,870	2,372	1,988
Operating profit	301	-3,431	-1,072	-1,716	-2,948	-716	-811	-1,092	-1,184	-1,322
Operating margin	6.6%	-91.6%	-27.9%	-49.6%	-86.0%	-21.1%	-25.4%	-38.1%	-49.9%	-66.5%
Other income	752	1,095	110	138	285	421	782	683	745	619
Interest	3	1	452	950	1,180	1,440	1,335	1,448	1,505	1,703
Depreciation	725	732	1,416	1,494	1,477	1,159	1,133	1,088	1,029	984
Profit before tax	325	-3,069	-2,829	-4,022	-5,320	-2,893	-2,498	-2,945	-2,973	-3,390
Tax	143	-574	-2	-4	0	0	-492	-4	-0	0
Net profit	182	-2,495	-2,827	-4,018	-5,320	-2,893	-2,006	-2,941	-2,973	-3,390

Quarters

showing latest 8 of 46 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	1,199	1,190	1,157	1,122	1,236	1,145	1,085	955	972	919	900	972	1,063	951	855	843	896	875	843	833	842	835	919	883	813	853	856	851	817	876	804	787	771	836	745	729	691	705	657	642	580	492	492	444	514	537
Operating profit	177	182	232	168	187	22	-76	-21	64	-849	-2,625	-141	-150	-295	-486	-333	-283	-336	-764	-505	-497	-548	-1,398	-626	-372	-530	-134	-186	-141	-254	-209	-189	-199	-214	-238	-279	-311	-264	-235	-247	-287	-415	-408	-367	-330	-216
Operating margin	14.8%	15.3%	20.0%	15.0%	15.2%	1.9%	-7.0%	-2.2%	6.5%	-92.4%	-291.6%	-14.5%	-14.1%	-31.0%	-56.8%	-39.5%	-31.6%	-38.4%	-90.7%	-60.6%	-59.0%	-65.6%	-152.2%	-70.9%	-45.7%	-62.1%	-15.7%	-21.9%	-17.3%	-29.0%	-26.0%	-24.0%	-25.8%	-25.6%	-32.0%	-38.2%	-45.0%	-37.5%	-35.8%	-38.4%	-49.4%	-84.4%	-83.0%	-82.7%	-64.2%	-40.3%
Other income	147	137	307	166	124	260	202	130	144	101	720	62	32	117	-101	25	13	20	80	88	45	39	114	51	134	47	54	51	65	252	53	53	95	581	137	142	146	258	155	149	273	168	115	177	178	148
Interest	0	1	1	1	0	0	2	1	0	0	0	28	144	136	144	186	235	259	269	273	279	302	327	321	347	359	363	409	363	304	310	324	330	372	346	359	382	361	358	366	387	394	399	423	434	447
Depreciation	179	170	184	177	180	180	188	181	177	181	194	344	343	361	368	356	359	368	411	368	363	371	375	361	362	135	290	289	291	288	279	271	271	312	271	272	273	272	265	267	238	259	251	246	246	241
Profit before tax	145	148	354	156	131	102	-64	-73	31	-929	-2,099	-451	-605	-675	-1,099	-850	-864	-944	-1,364	-1,058	-1,094	-1,182	-1,986	-1,256	-947	428	-733	-834	-731	-595	-745	-730	-705	-318	-718	-768	-820	-639	-703	-731	-639	-901	-943	-859	-832	-756
Tax	51	50	134	41	39	43	19	-26	10	-34	-525	1	0	-4	1	0	0	-14	10	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-492	0	0	0	-4	0	0	0	-0	0	0	0	0
Net profit	95	98	220	115	92	58	-84	-47	21	-895	-1,574	-451	-605	-671	-1,100	-850	-864	-930	-1,374	-1,058	-1,094	-1,182	-1,986	-1,256	-947	428	-733	-834	-731	-595	-745	-730	-705	175	-718	-768	-820	-635	-703	-731	-639	-900	-943	-859	-832	-756
EPS ₹	1.50	1.55	3.49	1.83	1.46	0.92	-1.33	-0.74	0.33	-14.21	-24.99	-7.17	-9.60	-10.65	-17.45	-13.49	-13.72	-14.76	-21.82	-16.81	-17.36	-18.76	-31.52	-19.94	-15.03	6.79	-11.64	-13.24	-11.60	-9.45	-11.82	-11.59	-11.19	2.77	-11.40	-12.20	-13.02	-10.08	-11.16	-11.60	-10.14	-14.29	-14.97	-13.64	-13.21	-11.99
Revenue YoY	—	—	—	—	3.1%	-3.8%	-6.2%	-14.8%	-21.4%	-19.7%	-17.0%	1.7%	9.4%	3.5%	-5.0%	-13.2%	-15.7%	-8.0%	-1.4%	-1.2%	-6.0%	-4.5%	9.0%	6.0%	-3.4%	2.2%	-3.1%	4.6%	-4.3%	—	-6.1%	-7.5%	-5.6%	-4.6%	-7.3%	-7.4%	-10.4%	-15.6%	-11.7%	-11.9%	-16.0%	-30.2%	-25.1%	-30.8%	-11.3%	9.0%
Profit YoY	—	—	—	—	-3.1%	-40.3%	-138.1%	-140.7%	-77.6%	-1635.9%	—	—	-3039.2%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-270.7%	—	—	—	—	—	—	—	—	-463.6%	—	—	—	—	—	—	—	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROCE	—	—	—	—	—	—	—	—	—	—	-5.8%	-6.8%	-7.7%	-9.0%	-733.2%	-682.6%	-7.1%	-4.9%	-7.5%	-6.8%	-7.6%	-9.8%	-12.1%	-12.9%	-2.3%	-0.6%
Net margin	-227.5%	-210.4%	-192.5%	-169.5%	-177.4%	-190.2%	-201.2%	-212.3%	-226.6%	-233.7%	-257.2%	-289.9%	-311.7%	-352.3%	-367.9%	-399.3%	-411.9%	-409.5%	-432.8%	-445.4%	-476.7%	-603.1%	-599.1%	-582.5%	-377.3%	-308.5%
EBITDA margin	-89.8%	-64.3%	-33.2%	4.4%	4.0%	-3.8%	-11.1%	-14.4%	-27.7%	-28.4%	-36.2%	-49.7%	-47.7%	-58.9%	-63.4%	-66.4%	-59.1%	-53.3%	-56.7%	-58.8%	-68.8%	-95.7%	-91.4%	-73.3%	-33.3%	-12.5%
Interest coverage	-0.90	-0.64	-0.44	-0.19	-0.17	-0.20	-0.22	-0.22	-0.22	-0.19	-0.20	-0.23	-0.24	-0.27	-0.27	-0.23	-0.22	-0.15	-0.15	-0.14	-0.14	-0.18	-0.21	-0.23	-0.04	-0.01
Asset turnover	—	—	—	—	—	—	—	—	—	—	0.09	0.08	0.08	0.08	5.71	5.40	0.06	0.05	0.07	0.07	0.07	0.06	0.06	0.07	0.08	0.10

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	630	630	6	630	630	630	630	630
Other equity / reserves	-20,685	-21,485	-229	-24,274	-25,918	-27,549	-29,429	-30,590
Total equity	-20,055	-20,855	-222	-23,644	-25,288	-26,919	-28,799	-29,960
Borrowings	27,584	28,174	291	30,028	31,113	32,368	33,999	35,425
Current liabilities	16,261	12,338	114	9,766	11,625	12,994	14,564	16,069
Non-current liabilities	15,742	20,161	222	24,595	24,119	24,152	23,783	23,801
Total assets	11,948	11,644	114	10,717	10,456	10,226	9,548	10,076
Property, plant & equipment	2,902	2,762	26	2,521	2,424	2,360	2,257	2,150
Capital work-in-progress	64	59	1	86	80	32	24	13
Investments	4	3	0	4	4	4	5	5
Inventories	6	5	0	6	10	6	5	7
Receivables	698	587	5	512	588	560	309	330
Cash & equivalents	102	166	1	85	43	181	59	137

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	704	64	130	340	176
Cash from investing	204	-174	107	-29	-201
Cash from financing	-936	177	-319	-215	-19
Capex	13	44	73	36	25
Free cash flow	691	20	57	304	152
Dividends paid	0	0	0	0	0

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹2,150 cr21%

CWIP

₹13 cr0%

Investments

₹5 cr0%

Inventories

₹7 cr0%

Receivables

₹330 cr3%

Cash & equivalents

₹137 cr1%

Other assets

₹7,435 cr74%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Mahanagar Telephone Nigam Limited	1,692	26.86	—	—	—

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+14.1%

6 months-17.1%

1 year-36.2%

3Y CAGR-2.2%

5Y CAGR+7.4%

10Y CAGR+3.6%

50-day avg₹24.21

200-day avg₹27.94

RSI (14)65

FAQs

What is the share price of Mahanagar Telephone Nigam Limited?

Mahanagar Telephone Nigam Limited (MTNL) closed at ₹26.86 on NSE on 06 Nov 2026.

What is the market cap of Mahanagar Telephone Nigam Limited?

₹1,692 crore at the latest close.

How fast is Mahanagar Telephone Nigam Limited growing?

Mahanagar Telephone Nigam Limited: revenue has compounded at 0.7% a year over three years. Latest-quarter revenue is up 229.9% year on year.

How profitable is Mahanagar Telephone Nigam Limited?

On a trailing-twelve-month basis return on capital employed -0.6%, operating margin -12.5%, net margin -308.5%.

How much debt does Mahanagar Telephone Nigam Limited have?

Debt to equity isn't meaningful for Mahanagar Telephone Nigam Limited (banks borrow as part of their business) or isn't filed yet.

Financials parsed from Mahanagar Telephone Nigam Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.