Arthneeti

Mahanagar Telephone Nigam Share Price & Earnings Call Analysis

₹23.65+4.65% today
Market cap
₹1,490 Cr
Price to sales
1.51
Debt to equity
0.00
52W high / low
₹42.5 / ₹21.5
Sales growth (5Y)
-7.17%
EBITDA margin
-11.07%
Net profit margin
-367.88%
Promoter holding
56.25%
Sales (last year)
₹988 Cr

Mahanagar Telephone Nigam Ltd is a Government of India-controlled telecom and infrastructure-asset company serving Delhi and Mumbai through landline, broadband/FTTH, mobile, leased-line and enterprise services.[1][2]

Potential multibaggers · Q2 FY27

Potential multibaggers in Telecom - Services
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does M T N L rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Telecom - Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹35,402 Cr40.8
240%+Flat₹3,060 Cr14.0
340%+Flat₹3,015 Cr10.0
420–40%Flat₹12.32L Cr39.5
520–40%Flat₹81,810 Cr44.3
620–40%Flat₹53,174 Cr42.0

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M T N L announcements

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Financials of M T N L

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of M T N L

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +219199198192209184267261275159190211371
Expenses +345354331318284295294298292251298238311
Operating Profit-126-154-133-126-75-111-27-37-16-92-108-2860
OPM %-57%-77%-67%-65%-36%-60%-10%-14%-6%-58%-57%-13%16%
Other Income +199113175144145199617855483221511
Interest641645665691689705769728716754742749738
Depreciation181166170166164156155150151145142142139
Profit before tax-749-852-793-839-784-773-890-836-828-943-960-897-307
Tax %-0%0%0%0%-0%0%0%0%-0%0%0%0%0%
Net Profit +-749-852-793-839-784-773-890-836-828-943-960-897-307
EPS in Rs-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

Financials of M T N L

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +3,4943,2232,9692,4722,0851,6241,3881,149935799698956
Expenses +4,2374,0134,0273,6173,3863,0701,3131,4531,3691,2801,1681,098
Operating Profit-743-790-1,058-1,145-1,300-1,44775-304-434-482-470-142
OPM %-21%-24%-36%-46%-62%-89%5%-26%-46%-60%-67%-15%
Other Income +443882680734619691476623612575682586
Interest1,4401,3511,4481,5051,7031,9512,1172,1472,3642,6942,9282,983
Depreciation1,1581,1781,1131,0541,002986893772730666612568
Profit before tax-2,898-2,437-2,940-2,970-3,387-3,693-2,459-2,600-2,916-3,268-3,328-3,107
Tax %0%-20%-0%0%0%0%0%0%-0%-0%-0%0%
Net Profit +-2,901-1,946-2,936-2,971-3,388-3,694-2,461-2,603-2,915-3,268-3,328-3,107
EPS in Rs-46.05-30.89-46.60-47.16-53.78-58.63-39.07-41.32-46.27-51.87-52.82-49.32
Dividend Payout %0%0%0%0%0%0%0%-0%0%0%0%0%

Financials of M T N L

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital630630630630630630630630630630630630
Reserves1,429-1,035-4,004-6,962-10,358-14,212-16,675-19,298-21,485-24,274-27,549-30,590
Borrowings +16,60813,44115,20117,01919,73723,29125,60026,82028,35130,14132,44135,445
Other Liabilities +8,2715,6395,8825,6114,7116,9973,8444,1914,1764,2484,7314,591
Total Liabilities26,93818,67517,70916,29814,72016,70613,40012,34211,67210,74510,25310,076
Fixed Assets +10,5709,5758,7598,1647,4666,8896,2535,6184,9674,3333,8083,138
CWIP1341372913313203281847459863213
Investments40434444333445
Other Assets +16,1948,9208,6547,7996,9309,4866,9606,6476,6426,3236,4096,921
Total Assets26,93818,67517,70916,29814,72016,70613,40012,34211,67210,74510,25310,076

Financials of M T N L

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-1,1671,078-1,024155-733-1,206-22570464130340176
Cash from Investing Activity +-107-37-30-492-297-43-259204-174107-29-201
Cash from Financing Activity +1,110-9579843451,0441,326414-936177-319-215-19
Net Cash Flow-16485-7171477-70-2867-8196-43
Free Cash Flow-1,295779-1,441-357-1,043-1,348-3246912057304570
CFO/OP106%-78%113%-19%56%84%-553%-248%-18%-32%-51%-119%

Financials of M T N L

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days31566063107141203213229234293126
Inventory Days
Days Payable
Cash Conversion Cycle31566063107141203213229234293126
Working Capital Days-835-906-707-613-1,038-1,930-1,218-2,518-2,681-1,995-4,097-4,325
ROCE %-8%-7%-12%-13%-16%-18%-3%-5%-7%-8%-7%-2%
5out of 100

Momentum score · price trend

5 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−45.8%7%
Last 6 months−27.5%10%
Last 3 months−19.6%21%

The price is 89.6% below its all-time high of ₹216.75 (5 May 2006). Stocks more than 20% below their peak have their score halved, so 11 became 5.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For M T N L: 0.4 × 7 + 0.4 × 10 + 0.2 × 21 = 11, halved to 5 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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