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Mahanagar Telephone Nigam Limited

Mahanagar Telephone Nigam Limited

NSE: MTNL
Telecom ServicesCommunication ServicesSMALL CAPMCap ₹1.48k Cr
₹23.50₹-0.10 (-0.42%)

Market Closed • NSE

Market cap₹1.48k Cr
Enterprise value₹36.16k Cr
P/B-0.05
EPS TTM₹-47.72
ROCE-9.32%
Dividend yield0.00%
Face value₹10.00
52W high₹44.67
52W low₹21.26
Price chart(1Y)
1Y Return:-23.80% (₹7.34)
H: ₹33.25L: ₹22.52
1W-4.51%
1M-1.14%
3M-16.19%
6M-26.03%
1Y-43.48%
Today at a glance

Day range

₹23.22₹23.66

52 week range

₹21.26₹44.67
Volume613.9K0.13x 20D avg
Free float50.00%-87.10% volume

Mahanagar Telephone Nigam Limited closed at INR23.50 (-0.42%) on volume 0.13x its 20-day average, trading 47.39% below its 52-week high.

Technical analysis
RSI (14)44.9Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹1.01High
SMA 20₹23.59BEARISH
SMA 50₹25.17BEARISH
SMA 100₹27.24BEARISH
SMA 200₹28.65BEARISH
CPR bottom₹23.58
Pivot₹23.58
CPR top₹23.59
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -174.3% QoQ

2024-09-23

AGM Announced

Annual General Meeting

2023-09-22

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹35.44k Cr₹1.48k Cr2394.09%≤ 33%FAIL
Non-halal income ratio–₹956.4 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹9.94k Cr₹10.08k Cr98.64%≥ 20%PASS
Receivables ratio–₹10.08k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E—18.30
Forward P/E——
P/B-0.051.50
EV/EBITDA—18.00
PEG—1.40
Earnings yield—5.50
Growth & profitability
RevenuePAT
FY24PAT margin -409.00%
FY25PAT margin -294.50%
FY26PAT margin -324.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-5.40%
Revenue CAGR 5Y+3.70%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin-43.86%
Net margin0.00%
Financial health & cash flow
Net debt₹35.31k CrModerate
Interest coverage-0.20xEBIT / interest
CFO / PAT—x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹176.4 Cr
Capital expenditure–
Free cash flow₹151.5 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall50/100
Valuation50/100
Profitability50/100
Financial health50/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Established operational history in the sector

Active institutional participation

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Telecom Services.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
13.93%Institutional holding
29.82%Public holding
5Periods available
0.00%Promoter pledged
3.75LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—23 Sept 2024
—Annual General MeetingAnnual General Meeting—22 Sept 2023
—Annual General MeetingAnnual General Meeting—30 Sept 2022
—Annual General MeetingAnnual General Meeting—17 Nov 2021
—Annual General MeetingAnnual General Meeting—23 Dec 2020
—Annual General MeetingAnnual General Meeting—19 Sept 2019
—Annual General MeetingAnnual General Meeting—19 Sept 2018
—Annual General MeetingAnnual General Meeting—19 Sept 2017
—Annual General MeetingAnnual General Meeting—22 Sept 2016
—Annual General MeetingAnnual General Meeting—21 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)33.63%+2.27% latest vs average
Highest delivery64.99%on 21 Sept
Average volume (20D)4.76MTrading-session average
Conviction trendStrengthening+2.27% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Bharti Airtel Limited
Bharti Airtel LimitedBHARTIARTL
Open analysis
₹11.88L39.821.29%₹58,539.00₹10,012.00+18.35%+34.90%
Vodafone Idea Limited
Vodafone Idea LimitedIDEA
Open analysis
₹1.36L3.650.00%₹11,539.00-₹3,712.00+5.80%+44.04%
Indus Towers Limited
Indus Towers LimitedINDUSTOWER
Open analysis
₹1.01L14.133.67%₹8,431.10₹1,745.80+4.64%+0.52%
Info Edge (India) Limited
Info Edge (India) LimitedNAUKRI
Open analysis
₹81,945.2851.301.17%₹881.00₹490.00+11.38%+42.86%
BHARTI HEXACOM LIMITED
BHARTI HEXACOM LIMITEDBHARTIHEXA
Open analysis
₹81,095.0044.471.09%₹2,510.00₹482.00+10.91%+22.96%
Tata Communications Limited
Tata Communications LimitedTATACOMM
Open analysis
₹49,684.7345.080.99%₹6,583.00₹130.00+10.45%-31.58%
Sun TV Network Limited
Sun TV Network LimitedSUNTV
Open analysis
₹25,142.6016.433.18%₹882.51₹232.02-6.30%-37.43%
Affle 3i Limited
Affle 3i LimitedAFFLE
Open analysis
₹20,220.5842.460.00%₹747.00₹128.00+20.29%+20.75%
About Mahanagar Telephone Nigam Limited
Mahanagar Telephone Nigam Limited

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]

IndiaCommunication Services

Questions investors ask
Is Mahanagar Telephone Nigam Limited Shariah compliant?

Mahanagar Telephone Nigam Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (2394.09%) exceeds AAOIFI threshold (≤ 33%).

What is Mahanagar Telephone Nigam Limited's current valuation relative to peers?

Mahanagar Telephone Nigam Limited trades at a P/E of N/A compared to the sector median of 18.3x, and a Price-to-Book of -0.0x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of zero debt. Interest coverage is -0.2x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 3.7% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.