



Telecom Services | Small Cap
Mahanagar Telephone Nigam Ltd (MTNL), operating in the Telecommunication Services sector, demonstrates a mixed financial performance. The company shows some strengths in solvency, driven by its equity ratio and minimal debt. However, liquidity, efficiency, and profitability metrics raise concerns, indicating challenges in short-term financial obligations, asset utilization, and generating profits. Growth is also a concern, primarily because of the absence of revenue growth and, thus, a very challenging profitability scenario. While some financial metrics like Capital Expenditure show a good score, they are not sufficient to offset the weaknesses in other areas. MTNL faces considerable challenges in maintaining financial stability and achieving sustainable growth, requiring strategic improvements in operational efficiency and revenue generation.
Mahanagar Telephone Nigam Ltd (MTNL), operating in the Telecommunication Services sector, demonstrates a mixed financial performance. The company shows some strengths in solvency, driven by its equity ratio and minimal debt. However, liquidity, efficiency, and profitability metrics raise concerns, indicating challenges in short-term financial obligations, asset utilization, and generating profits. Growth is also a concern, primarily because of the absence of revenue growth and, thus, a very challenging profitability scenario. While some financial metrics like Capital Expenditure show a good score, they are not sufficient to offset the weaknesses in other areas. MTNL faces considerable challenges in maintaining financial stability and achieving sustainable growth, requiring strategic improvements in operational efficiency and revenue generation.
Overall Valuation Score
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Markets Today NSE
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Avg Price
0.00
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Last Traded Quantity
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Last Traded Time
N/A
Price Movement Indicator
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P/E RATIO (TTM)
-0.47
Industry Median
42.85
Small Cap Median
23.58
P/E RATIO
-0.51
P/B RATIO
-0.06
Industry Median
-0.00
Small Cap Median
-0.03
P/S RATIO
2.41
Industry Median
3.35
Small Cap Median
2.88
Others
PEG RATIO
-0.27
EV/EBITDA RATIO
7.93
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹26.68 as on Sep 1, 2026.
The company's growth metrics present a concerning picture, with revenue and asset growth showing negative trends. While the earnings per share growth is positive, this is not sufficient to offset the overall lack of growth. The company must focus on identifying opportunities for expansion and strategic investments.
| Growth Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue Growth Rate | -14.53 | -17.22 | -18.62 | -14.55 | -12.64 |
| Operating Profit Growth Rate | 105.18 | -505.33 | -42.76 | -11.06 | 2.49 |
| Earnings Per Share (EPS) Growth | 33.36 | -5.76 | -11.98 | -12.1 | -1.83 |
| Asset Growth Rate | -7.9 | -5.43 | -7.94 | -4.58 | |
| Net Income Growth Rate | 33.38 | -5.77 | -11.99 | -12.11 | -1.84 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Mahanagar Telephone Nigam Ltd | 4.63 | -0.51 | Highly Undervalued | -480.00 | -49.25 | -3328.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
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No Stock News Available at This Moment.
Mahanagar Telephone Nigam Ltd (MTNL) is a state-owned telecommunications service provider primarily operating in the metro circles of Delhi and Mumbai. It offers a range of services including fixed-line, mobile (GSM/CDMA), and broadband, catering to both residential and enterprise customers. The company faces significant financial challenges and intense competition.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Mahanagar Telephone Nigam Ltd's P/E ratio (TTM) is -0.47, compared to the industry median of 42.85 and large cap median of 23.58.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Mahanagar Telephone Nigam Ltd's P/B ratio is -0.06, compared to the industry median of -0.00 and large cap median of -0.03.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Mahanagar Telephone Nigam Ltd's P/S ratio is 2.41, compared to the industry median of 3.35 and large cap median of 2.88.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Mahanagar Telephone Nigam Ltd's PEG ratio is -0.27.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Mahanagar Telephone Nigam Ltd's EV/EBITDA ratio is 7.93.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Mahanagar Telephone Nigam Ltd's ROE is N/A.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Mahanagar Telephone Nigam Ltd's ROA is -4.58%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Mahanagar Telephone Nigam Ltd's ROCE is -7%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Mahanagar Telephone Nigam Ltd's operating margin is -67.34%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Mahanagar Telephone Nigam Ltd's net margin is -476.79%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Mahanagar Telephone Nigam Ltd's current ratio is 0.75.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Mahanagar Telephone Nigam Ltd's debt-to-equity ratio is -0.88.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Mahanagar Telephone Nigam Ltd's interest coverage ratio is -0.14.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Mahanagar Telephone Nigam Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Mahanagar Telephone Nigam Ltd's EPS is -1.83.
(Source line: "Ratios as of 21 Oct 2026, based on last traded price of ₹26.68. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1986
Headquarters: New Delhi, Delhi
Core Offerings: Landline services, Mobile services, Broadband services, Enterprise solutions
Stock Listing: NSE (MTNL), BSE (500108)
Promoter: Government of India
MTNL was incorporated by the Government of India in 1986 to manage telecommunication services in Delhi and Mumbai. It was listed on Indian stock exchanges in 1992. Throughout the 1990s and early 2000s, MTNL was a dominant player. However, intense competition from private operators led to a decline in market share and persistent financial losses from the late 2000s. The company is currently undergoing government-backed revival plans, including asset monetization and debt restructuring, with a planned eventual merger with Bharat Sanchar Nigam Limited (BSNL).
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Fixed Line & Basic Services | N/A | Operating Profit |
| Mobile Services | N/A | Operating Profit |
| Broadband & Internet Services | N/A | Operating Profit |
Fixed Line Services: Provides traditional landline telephony, ISDN, leased lines, and value-added services.
Mobile Services: Offers 2G and 3G GSM mobile services, though its subscriber base has significantly diminished.
Broadband & Internet Services: Delivers internet connectivity through ADSL, Fiber-to-the-Home (FTTH), and Wi-Max technologies.
P. K. Purwar: Chairman & Managing Director. Mr. Purwar also holds the additional charge as Chairman & Managing Director of Bharat Sanchar Nigam Limited (BSNL) and brings extensive experience from the Indian telecom sector.
Millennium Telecom Ltd.
MTNL STPI IT Services Ltd. (a joint venture with Software Technology Parks of India)
No major recent corporate actions on record, as the company has primarily focused on government-backed revival packages and asset monetization.
The Mahanagar Telephone Nigam Ltd share price today is ₹26.68 on NSE (MTNL), as of 22 Oct 2026.
As of 21 Oct 2026, Mahanagar Telephone Nigam Ltd share price is ₹26.68, with previous close ₹26.68. Today's range is ₹26.68 to ₹26.68. The 52-week range is ₹21.26 to ₹38.69.
As of today, Mahanagar Telephone Nigam Ltd's market cap is ₹1,680.84 crore (Small Cap).
Mahanagar Telephone Nigam Ltd's current P/E ratio is -0.47, compared to the TELECOM SERVICES sector average of 27.
Mahanagar Telephone Nigam Ltd's current P/B ratio is -0.06.
Mahanagar Telephone Nigam Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
Mahanagar Telephone Nigam Ltd's EPS (TTM) is ₹-1.83.
Mahanagar Telephone Nigam Ltd (MTNL) is a state-owned telecommunications service provider primarily operating in the metro circles of Delhi and Mumbai. It offers a range of services including fixed-line, mobile (GSM/CDMA), and broadband, catering to both residential and enterprise customers. The company faces significant financial challenges and intense competition.
Mahanagar Telephone Nigam Ltd is promoted by Government of India, holding 30,027.82% as of 21 Oct 2026.
Mahanagar Telephone Nigam Ltd is listed on NSE (MTNL) and BSE (500108). Its next quarterly results are expected on May/June 2024.