M T N L
NSE: MTNL · Telecom - Cellular & Fixed line services
Snapshot
Unlock M T N L's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Mahanagar Telephone Nigam Limited (MTNL) is a state-owned telecommunications service provider offering basic telephony, broadband, and cellular services. The company also delivers a suite of ICT solutions, including cloud services, Wi-Fi, and e-governance projects, primarily operating in India and Mauritius.
Business Model
MTNL generates revenue through subscription-based telecommunication services, including mobile, fixed-line, and internet connectivity. It further monetises its infrastructure by providing managed ICT services, turnkey projects, and GIS-based solutions to enterprise and government clients.
Growth Outlook
Growth is focused on expanding its digital service portfolio, including cloud and e-governance projects, alongside maintaining its legacy telecommunications infrastructure. The company aims to leverage its existing network to provide turnkey ICT solutions for government and enterprise sectors.
Key Risks
- Intense Market Competition. The Indian telecom sector is highly competitive, with private players exerting significant pressure on pricing and market share.
- Financial Sustainability. The company faces ongoing challenges related to high debt levels and operational losses, which may impact future capital expenditure.
- Technological Obsolescence. Rapid advancements in mobile technology and the need for continuous network upgrades require significant investment to remain relevant.
- Regulatory Environment. As a state-owned entity, MTNL is subject to complex regulatory frameworks and government policy shifts that can impact operational flexibility.
Price
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Key Metrics
REVENUE
₹824 Cr
TTM · consolidated
NET PROFIT
₹-3,107 Cr
TTM · consolidated
EPS
₹-49.32
TTM · consolidated
RETURN ON EQUITY
11.2%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
3.5%
TTM · consolidated
P/E
-0.6x
Q4 FY26 · consolidated
EV/EBITDA
83.7x
Q4 FY26 · consolidated
EBITDA MARGIN
53.8%
TTM · consolidated
NET PROFIT MARGIN
-82.8%
Q4 FY26 · consolidated
DEBT TO EQUITY
-1.2x
Q4 FY26 · consolidated
Peers · Telecom - Cellular & Fixed line services
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
M T N LMTNL | 1,506 | -0.58 | 83.74 | 18.0% | 53.8% | 11.2% | 3.5% | -43.4% |
Bharti Airtel Ltd.BHARTIARTL | 10,97,581 | 41.88 | 10.67 | 22.0% | 58.1% | 27.6% | 19.2% | -0.8% |
Vodafone Idea Ltd.IDEA | 96,641 | 4.38 | 15.24 | 3.0% | 43.6% | -56.0% | 38.7% | +77.4% |
Bharti Hexacom Ltd.BHARTIHEXA | 78,155 | 46.98 | 16.43 | 9.4% | 54.7% | 27.8% | 22.8% | -10.0% |
Tata Communications Ltd.TATACOMM | 40,444 | 50.23 | 12.17 | 7.0% | 20.7% | 31.9% | 15.5% | +6.7% |
Tata Teleservices (Maharashtra) Ltd.TTML | 6,803 | -36.99 | 45.22 | -11.3% | 54.5% | 1.1% | -10.7% | -36.7% |
As of Q4 FY26
Financials
M T N L
NSE: MTNL · Telecom - Cellular & Fixed line services
Snapshot
Unlock M T N L's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Mahanagar Telephone Nigam Limited (MTNL) is a state-owned telecommunications service provider offering basic telephony, broadband, and cellular services. The company also delivers a suite of ICT solutions, including cloud services, Wi-Fi, and e-governance projects, primarily operating in India and Mauritius.
Business Model
MTNL generates revenue through subscription-based telecommunication services, including mobile, fixed-line, and internet connectivity. It further monetises its infrastructure by providing managed ICT services, turnkey projects, and GIS-based solutions to enterprise and government clients.
Growth Outlook
Growth is focused on expanding its digital service portfolio, including cloud and e-governance projects, alongside maintaining its legacy telecommunications infrastructure. The company aims to leverage its existing network to provide turnkey ICT solutions for government and enterprise sectors.
Key Risks
- Intense Market Competition. The Indian telecom sector is highly competitive, with private players exerting significant pressure on pricing and market share.
- Financial Sustainability. The company faces ongoing challenges related to high debt levels and operational losses, which may impact future capital expenditure.
- Technological Obsolescence. Rapid advancements in mobile technology and the need for continuous network upgrades require significant investment to remain relevant.
- Regulatory Environment. As a state-owned entity, MTNL is subject to complex regulatory frameworks and government policy shifts that can impact operational flexibility.
Price
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Unlock AI insights, financials, peers and live data on M T N L and 5,000+ companies — free.
Key Metrics
REVENUE
₹824 Cr
TTM · consolidated
NET PROFIT
₹-3,107 Cr
TTM · consolidated
EPS
₹-49.32
TTM · consolidated
RETURN ON EQUITY
11.2%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
3.5%
TTM · consolidated
P/E
-0.6x
Q4 FY26 · consolidated
EV/EBITDA
83.7x
Q4 FY26 · consolidated
EBITDA MARGIN
53.8%
TTM · consolidated
NET PROFIT MARGIN
-82.8%
Q4 FY26 · consolidated
DEBT TO EQUITY
-1.2x
Q4 FY26 · consolidated
Peers · Telecom - Cellular & Fixed line services
As of Q4 FY26