Mahanagar Telephone Nigam Limited

Telecommunication · Telecom - Services

NSE: MTNL BSE: 500108
₹22.97
Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Telecom - Services

The largest companies in the same industry by market cap. This company ranks #13 of 20. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

CompanyMarket cap (₹ Cr)PE (TTM)ROE1Y returnDiv. yieldQualityValuationMomentum
Bharti Airtel Limited 1,070,785 67.4 17.3% -5.9% 1.37% 55 5 12
Vodafone Idea Limited 140,304 3.8 -96.6% 52.0% — 14 100 28
Indus Towers Limited 98,456 13.8 18.0% 6.0% 3.75% 82 78 16
Bharti Hexacom Limited 71,225 39.1 24.2% -14.2% 1.26% 69 31 12
Tata Communications Limited 47,204 62.0 27.3% 2.7% 1.06% 39 0 29
HFCL Limited 34,748 63.6 6.7% 209.2% 0.09% 60 33 51
Railtel Corporation Of India Limited 8,526 24.6 15.3% -30.8% 1.22% 72 39 49
Tata Teleservices (Maharashtra) Limited 6,705 180.5 1.1% -37.8% — 7 35 13
Mahanagar Telephone Nigam Limited (this stock) 1,447 — 10.4% -46.7% — 14 — 9

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value
₹36,752 Cr
EV / EBITDA
70.3x
EV / Sales
40.71x
Market cap / Sales
1.60x
Earnings yield
Data unavailable.

Quarterly Financials

↑ Positive
Quarterly Revenue

Jun 2026 quarterly revenue is Rs 275 Cr, up 43.2% YoY.

↓ Negative
Quarterly Net Profit

Jun 2026 quarterly net profit is Rs -841 Cr, down 10.6% YoY.

Period endRevenue (₹ Cr)PBT (₹ Cr)Net profit (₹ Cr)Basic EPS
June 30, 2026 200 -841 -841 ₹-13.3500
March 31, 2026 350 -304 -304 ₹-4.8300
Dec. 31, 2025 178 -898 -898 ₹-14.2600
Sept. 30, 2025 174 -959 -959 ₹-15.2200
June 30, 2025 52 -941 -941 ₹-14.9400
March 31, 2025 152 -827 -827 ₹-13.1300
Dec. 31, 2024 148 -836 -836 ₹-13.2710
Sept. 30, 2024 159 -888 -888 ₹-14.1020
June 30, 2024 169 -772 -772 ₹-12.2510
March 31, 2024 193 -818 -818 ₹-12.9780
Dec. 31, 2023 169 -842 -842 ₹-13.3620
Sept. 30, 2023 2 -8 -8 ₹-12.5820
June 30, 2023 185 -850 -850 ₹-13.4940

Quarterly income statement (standalone, ₹ Cr)

IndicatorJun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23
Total income (before exceptional items)2758602112051923113183113673373114297
Operating revenue200350178174521521481591691931692185
Other income7551033311401581701521981451422112
Operating expenses233290222283236274280278280304299-821339
Operating profit-3360-44-109-184-122-131-119-111-112-130823-154
Operating profit margin-16.6%17.0%-24.5%-62.4%-357.1%-79.8%-88.6%-75.2%-65.3%-58.0%-76.8%45215.9%-83.5%
Depreciation135136139139142148147152154162163168163
Interest748738749742754716728769705689691665645
Exceptional items, gain / (loss)—————————————
Profit before tax-841-304-898-959-941-827-836-888-772-818-842-8-850
Tax—————————————
Net profit-841-304-898-959-941-827-836-888-772-818-842-8-850
EPS-13.35-4.83-14.26-15.22-14.94-13.13-13.27-14.10-12.25-12.98-13.36-12.58-13.49
Net profit (TTM)-3,003-3,103-3,626-3,563-3,493-3,324-3,314-3,320-2,439-2,517-2,446-2,382-3,111
EPS (TTM)-47.66-49.25-57.55-56.56-55.44-52.75-52.60-52.69-51.17-52.42-51.28-50.26-49.38

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year endedRevenue (₹ Cr)PBT (₹ Cr)Net profit (₹ Cr)
March 31, 2026 887 -3,103 -3,103
March 31, 2025 629 -3,324 -3,324
March 31, 2024 728 -3,302 -3,302
March 31, 2023 862 -2,911 -2,911

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

IndicatorCAGR 3YCAGR 5YMar 26Mar 25Mar 24Mar 23Mar 22Mar 21Mar 20Mar 19Mar 18Mar 17
Total income (before exceptional items) 2.8% -2.2% 1,602†1,307†1,129†1,474†1,697†1,788†2,227†2,607†3,116†3,552†
Operating revenue 1.0% -7.4% 8876297288621,070†1,304†1,536†1,988†2,372†2,870†
Other income — — 714†678†401†612†627†485†691†619†745†683†
Operating expenses — — 1,032†1,112†121†1,314†—1,263†3,009†3,310†3,556†2,875†
Operating profit — — -145†-483†607†-452†—40†-1,473†-1,322†-1,184†-5†
Operating profit margin — — -16.3%†-76.8%†83.4%†-52.5%†—3.1%†-95.9%†-66.5%†-49.9%†-0.2%†
Depreciation — — 557†600†656†717†—880†972†984†1,029†1,088†
Interest — — 2,983†2,918†2,690†2,354†2,139†2,107†1,942†1,703†1,505†1,448†
Exceptional items, gain / (loss) — — 0†0†0†0†0†0†0†0†0†0†
Profit before tax — — -3,103-3,324-3,302-2,911-2,603†-2,462†-3,696†-3,390†-2,973†-2,945†
Tax — — ——————————
Net profit — — -3,103-3,324-3,302-2,911-2,603†-2,462†-3,696†-3,390†—-2,941†
EPS — — -49.25†-52.75†-52.42†-46.20†-41.31†-39.08†-25.24†———

† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

RatioMar 26Mar 25Mar 24Mar 23Mar 22Mar 21Mar 20Mar 19Mar 18Mar 17
Operating margin-16.3%†-76.8%†83.4%†-52.5%†—3.1%†-95.9%†-66.5%†-49.9%†-0.2%†
EBIT margin-13.5%†-64.5%†-84.1%†-64.6%†-43.3%†-27.2%†-114.2%†-84.9%†-61.9%†-52.2%†
PBT margin-349.7%-528.4%-453.3%-337.8%-243.3%†-188.8%†-240.5%†-170.6%†-125.4%†-102.6%†
Net margin-349.7%-528.4%-453.3%-337.8%-243.3%†-188.8%†-240.5%†-170.6%†—-102.5%†
Interest coverage-0.04x†-0.14x†-0.23x†-0.24x†-0.22x†-0.17x†-0.90x†-0.99x†-0.98x†-1.03x†
Dividend payout——————————
Earnings retention——————————
Current ratio0.34x0.41x————————
Quick ratio0.34x0.41x————————
Debt to equity——————————
Return on equity——————————
Return on assets-31.1%-33.3%————————
Return on capital employed——————————
Asset turnover0.09x0.06x————————

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year endedOperating (₹ Cr)Investing (₹ Cr)Financing (₹ Cr)Capex (₹ Cr)Free Cash Flow (₹ Cr)
March 31, 2026 176 -200 -19 20 156
March 31, 2025 322 -4 -215 16 306
March 31, 2024 133 100 -318 69 63
March 31, 2023 55 -164 177 29 26
March 31, 2022 707 202 -936 16 692

Balance Sheet (standalone)

Year endedTotal Assets (₹ Cr)Total Equity (₹ Cr)Reserves (₹ Cr)Borrowings, Current (₹ Cr)Borrowings, Non-current (₹ Cr)Current Assets (₹ Cr)Current Liabilities (₹ Cr)Cash & Equivalents (₹ Cr)Net Block (₹ Cr)Inventory (₹ Cr)
March 31, 2026 9,981 -29,975 -30,605 12,244 23,181 5,507 16,047 121 2,090 5
March 31, 2025 9,991 -26,936 -27,566 8,886 23,482 5,270 12,974 164 2,293 5
March 31, 2024 — — — — — — — — — —
March 31, 2023 — — — — — — — — — —
March 31, 2022 — — — — — — — — — —

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.