Mahanagar Telephone Nigam Limited
Telecommunication›Telecommunication›Telecom - Services›Telecom - Cellular & Fixed line services
Key metrics
Price as of 2026-07-17
Stock price
₹28.09
Market cap
1,770 Cr
P/B
2.81
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 199 Cr | 4 Cr | 590 Cr | 799 Cr | 184 Cr | 358 Cr | 170 Cr | 170 Cr | 66 Cr | 190 Cr | 198 Cr | 371 Cr |
| Operating expenses (approx.) | 241 Cr | 4 Cr | 572 Cr | 712 Cr | 96 Cr | 238 Cr | 129 Cr | 132 Cr | 110 Cr | 267 Cr | 205 Cr | -201 Cr |
| EBITDA | -41 Cr | -0.0006 Cr | 17 Cr | 87 Cr | 88 Cr | 121 Cr | 41 Cr | 38 Cr | -44 Cr | -77 Cr | -7 Cr | 571 Cr |
| OPM % | -20.8% | -0.0% | 2.9% | 10.9% | 47.6% | 33.7% | 24.3% | 22.6% | -67.1% | -40.6% | -3.6% | 154.2% |
| Other income | 113 Cr | 3 Cr | 430 Cr | 575 Cr | 198 Cr | 351 Cr | 169 Cr | 160 Cr | 141 Cr | 31 Cr | 34 Cr | 511 Cr |
| Interest | 645 Cr | 13 Cr | 2,001 Cr | 2,690 Cr | 705 Cr | 1,475 Cr | 728 Cr | 716 Cr | 754 Cr | 742 Cr | 749 Cr | 738 Cr |
| Depreciation | 166 Cr | 3 Cr | 502 Cr | 666 Cr | 157 Cr | 311 Cr | 150 Cr | 151 Cr | 145 Cr | 142 Cr | 142 Cr | 139 Cr |
| Profit before tax | -852 Cr | -16 Cr | -2,486 Cr | -3,270 Cr | -774 Cr | -1,665 Cr | -836 Cr | -829 Cr | -944 Cr | -961 Cr | -898 Cr | -306 Cr |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | -0.0% |
| Net profit | -852 Cr | -16 Cr | -2,484 Cr | -3,268 Cr | -773 Cr | -1,664 Cr | -836 Cr | -828 Cr | -943 Cr | -960 Cr | -897 Cr | -307 Cr |
| EPS (₹) | ₹-13.52 | ₹-26.11 | ₹-39.43 | ₹-51.87 | ₹-12.28 | ₹-26.41 | ₹-13.27 | ₹-13.14 | ₹-14.97 | ₹-15.24 | ₹-14.24 | ₹-4.87 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,624 Cr | 1,388 Cr | 1,149 Cr | 935 Cr | 799 Cr | 698 Cr | 956 Cr | Sign in for TTM |
| Operating expenses (approx.) | 2,389 Cr | 847 Cr | 839 Cr | 1,381 Cr | 1,286 Cr | 498 Cr | 513 Cr | Sign in for TTM |
| EBITDA | -765 Cr | 541 Cr | 310 Cr | -446 Cr | -488 Cr | 200 Cr | 443 Cr | Sign in for TTM |
| OPM % | -47.1% | 39.0% | 27.0% | -47.7% | -61.1% | 28.7% | 46.3% | Sign in for TTM |
| Other income | 693 Cr | 485 Cr | 629 Cr | 613 Cr | 575 Cr | 681 Cr | 585 Cr | Sign in for TTM |
| Interest | 1,942 Cr | 2,107 Cr | 2,140 Cr | 2,354 Cr | 2,690 Cr | 2,918 Cr | 2,983 Cr | Sign in for TTM |
| Depreciation | 986 Cr | 893 Cr | 772 Cr | 730 Cr | 666 Cr | 612 Cr | 568 Cr | Sign in for TTM |
| Profit before tax | -3,693 Cr | -2,460 Cr | -2,601 Cr | -2,917 Cr | -3,270 Cr | -3,330 Cr | -3,109 Cr | Sign in for TTM |
| Tax % | -0.0% | -0.1% | -0.1% | 0.0% | 0.0% | 0.0% | -0.0% | Sign in for TTM |
| Net profit | -3,694 Cr | -2,461 Cr | -2,603 Cr | -2,915 Cr | -3,268 Cr | -3,328 Cr | -3,107 Cr | Sign in for TTM |
| EPS (₹) | ₹-58.63 | ₹-39.07 | ₹-41.32 | ₹-46.27 | ₹-51.87 | ₹-52.82 | ₹-49.32 | Sign in for TTM |
| Dividend payout % | — | — | — | — | — | — | — | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 630 Cr | 630 Cr | 630 Cr | 630 Cr | 630 Cr | 630 Cr | 630 Cr |
| Reserves | -14,212 Cr | -16,675 Cr | -19,298 Cr | -21,485 Cr | -24,274 Cr | -27,549 Cr | -30,590 Cr |
| Borrowings | — | — | — | 28,174 Cr | 30,028 Cr | 8,886 Cr | 12,244 Cr |
| Other liabilities | 30,270 Cr | 29,420 Cr | 30,985 Cr | 4,325 Cr | 4,334 Cr | 28,259 Cr | 27,791 Cr |
| Total liabilities | 16,688 Cr | 13,375 Cr | 12,317 Cr | 11,644 Cr | 10,717 Cr | 10,226 Cr | 10,076 Cr |
| Fixed assets (net) | — | — | — | 2,762 Cr | 2,521 Cr | 2,360 Cr | 2,150 Cr |
| CWIP | — | — | — | 59 Cr | 86 Cr | 32 Cr | 13 Cr |
| Investments | — | — | — | 0.0000 Cr | 0.0000 Cr | 0.0000 Cr | 0.0000 Cr |
| Other assets | — | — | — | 5,809 Cr | 5,389 Cr | 5,344 Cr | 5,586 Cr |
| Total assets | 16,688 Cr | 13,375 Cr | 12,317 Cr | 11,644 Cr | 10,717 Cr | 10,226 Cr | 10,076 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | 704 Cr | 64 Cr | 130 Cr | 340 Cr | 176 Cr |
| Cash from investing | — | — | 204 Cr | -174 Cr | 107 Cr | -29 Cr | -201 Cr |
| Cash from financing | — | — | -936 Cr | 177 Cr | -319 Cr | -215 Cr | -19 Cr |
| Net cash flow | — | — | -28 Cr | 67 Cr | -81 Cr | 96 Cr | -43 Cr |
| Free cash flow (OCF − Capex) | — | — | 691 Cr | 20 Cr | 57 Cr | 304 Cr | 152 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| ROCE % | — | — | — | -16.1% | -18.1% | — | — |
| ROE % | — | — | — | — | — | — | — |
| Debtor days | — | — | — | 229 | 234 | — | — |
| Inventory days | — | — | — | 2 | 3 | 3 | 3 |
| Days payable | — | — | — | 402 | 493 | — | — |
| Cash conversion cycle | — | — | — | -171 | -256 | 3 | 3 |
| Debt / equity | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | 0.01 | -0.01 |
| Current ratio | — | — | — | 0.47 | 0.55 | 0.41 | 0.35 |
| Net debt / EBITDA | — | 0.00 | 0.00 | — | — | 43.49 | 27.33 |
Compare with peers
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