Mahanagar Telephone Nigam Ltd.

₹22.66

-0.2 (-1%)

MTNL Share Price

Telecom - Services

As on October 28, 2026

SectorTelecommunication

IndustryTelecom - Services

Basic IndustryTelecom - Cellular & Fixed line services

Market Cap₹ 1,430.1 Cr

P/E Ratio-0.46

Dividend YieldN/A

Trendline Performance

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Technicals

Indicators	Value	Signal
5-DMA	23.14	Bearish
10-DMA	23.16	Bearish
20-DMA	23.34	Bearish
50-DMA	24.64	Bearish
100-DMA	26.78	Bearish
200-DMA	28.31	Bearish

Historical Performance

1 Year

-46.2%

3 Years

-16.4%

5 Years

23.8%

10 Years

14.7%

Shareholding Pattern

Values Analysis

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Profit & Loss

Below figures are in Rs. Crores

Particulars	Mar-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2022
Other Income	5,847	2,216	5,745	6,131	6,289
Operating Profit	4,553	2,102	908	1,769	3,181
Interest	29,954	29,282	26,939	23,640	21,474
Depreciation	5,685	6,122	6,663	7,297	7,720
Profit Before Tax	-31,071	-33,283	-32,677	-29,156	-26,002
Consolidated Net Profit	-31,072	-33,277	-32,675	-29,151	-26,031
Adjusted EPS	-49	-53	-52	-46	-41

Compounded Sales Growth

10 Years:-21.6

5 Years:-7.2

3 Years:0.4

TTM:-3.3

Compounded Profit Growth

10 Years:9.8

5 Years:4.8

3 Years:1.3

TTM:-1.4

Stock Price CAGR

10 Years:1.4

5 Years:4.1

3 Years:-5.8

TTM:-46.2

Return on Equity

10 Years:-46.6

5 Years:-41.3

3 Years:-51.9

last year:-49.3

Quarterly Results

Below figures are in Rs. Crores

Particulars	Sep-2024	Dec-2024	Mar-2025	Jul-2025	Sep-2025
Sales	1,70,754	1,35,936	1,28,552	1,22,189	1,05,161
Expenses	63,042	56,557	52,457	45,459	34,856
Operating Profit	1,07,712	79,379	76,096	76,730	70,304
OPM %	63%	58%	59%	63%	67%
Other Income	33,912	31,759	27,333	24,879	18,947
Interest	77,780	58,584	59,248	62,137	53,713
Depreciation	2,345	1,681	1,385	1,277	1,221
Profit Before Tax	61,498	50,873	42,796	38,195	34,318
Tax %	25%	25%	26%	29%	35%
Net Profit	46,149	38,151	31,857	27,296	22,446
EPS in Rs	83	69	58	50	42

Balance Sheet

Below figures are in Rs. Crores

Particulars	Mar-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2022
Share Capital	6,300	6,300	6,300	6,300	6,300
Total Reserves	-3,05,897	-2,75,490	-2,42,741	-2,14,850	-1,92,983
Long-Term Borrowings	---	---	---	---	---
Total Non-Current Liabilities	2,38,008	2,41,517	2,46,905	2,01,613	1,73,710
Other Current Liabilities	57,593	51,753	42,770	65,541	55,934
Short Term Borrowings	91,984	67,402	42,329	46,743	69,453
Total Liabilities	1,00,756	1,02,263	1,07,173	1,16,440	1,23,167
Capital Work in Progress	125	320	858	595	740
Long Term Loans & Advances	11,863	9,660	8,339	7,772	7,622
Currents Investments	---	---	---	---	---
Short Term Loans and Advances	35,541	34,674	37,272	37,057	37,083
Total Current Assets	55,848	53,426	53,869	57,935	58,085
Total Assets	1,00,756	1,02,263	1,07,173	1,16,440	1,23,167
Adjusted Book Value	-476	-427	-375	-331	-296

Positive

(80 to 100)

Neutral

(60 to 79)

Negative

(0 to 59)

The stock has a low PE of -0.46, which may indicate undervaluation or subdued growth expectations.
Over the last three years, the stock delivered a weak 3-year price CAGR of -6.4%, indicating poor shareholder returns.
The stock carries a high beta of 1.7, implying higher volatility and elevated risk.
In the last financial year, the company reported an EBITDA of ₹4553 million, reflecting positive operating performance.
In the previous financial year, the company generated revenue of ₹9564 million, suggesting a mid-sized operation.

Investment Calculator

Investment Amount:₹

Investment Amount: ₹ 1000000

Current Value: ₹ 538370.2

No. of Shares: 23759 (Approx)

Performance:-46.2%

-461629.8

NIFTY Performance: -12.9%

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