IPO Plus

NSE · MTNL · Telecom-Service

Mahanagar Telephone Nigam Ltd.

27
₹1,714 Cr market cap
P/E
EPS
₹0
Book value
₹-475.55
ROE
10.37%
ROCE
-2.18%
Debt / equity
-1.18

Revenue & net profit by period

Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.

034568910341379Sep 24Dec 24Mar 25Mar 25Jun 25Sep 25Dec 25Mar 26
Revenue (₹ Cr) Net profit (₹ Cr)

Latest period: revenue ₹350 Cr with net profit ₹-304 Cr — a -86.98% net margin, versus -469.57% the period before.

Shareholding

As of 2026-06-30

56.25%
promoter holding
  • Promoter56.25%
  • Public29.93%
  • FII0.39%
  • DII13.43%

3,66,221 shareholders on record

Promoter holding trend

Each disclosed period, oldest to newest

56.25%56.25%Sep 24Jun 26

52-week position

Where the current price sits in its yearly band

21.262748.69

The band spans 2.29× from low to high.

Risk flags

Derived from disclosed data

No flags raised by the data.

Peer comparison

Telecommunications - Service Provider · ranked #10 of 20 by market cap · medians across 16 industry peers

P/E
vs 49 peer med
P/B
vs 1.44 peer med
ROE %
10.37vs 14.4 peer med
Margin %
-334.09vs 0.64 peer med
CompanyMkt capP/EP/BROEMargin
Bharti Airtel Limited₹11,88,921 Cr155.727.9817.91%12.65%
Vodafone Idea Limited₹1,40,954 Cr2.7267.24%77.14%
Altius Telecom Infrastructure Trust₹52,415 Cr491.919.65%4.58%
Tata Communications Ltd.₹50,910 Cr48.9214.7731.91%3.72%
Nazara Technologies Ltd.₹11,384 Cr11.793.2827.81%5.24%
Railtel Corporation of India Ltd.₹9,415 Cr50.235.4610.89%9.64%
Tata Teleservices (Maharashtra) Ltd.₹7,833 Cr13.384.35%3.19%
NELCO Ltd.₹2,151 Cr361.1516.737.99%1.24%
Hathway Cable & Datacom Ltd.₹1,901 Cr1790.431.84%0.04%
Mahanagar Telephone Nigam Ltd.(this company)₹1,701 Cr10.37%-334.09%

AI analysis

AI-generated · google/gemini-2.5-flash

Mahanagar Telephone Nigam Ltd. (MTNL) is listed on the Indian markets with a market capitalization of Rs 1772 Cr. The company reported a revenue of Rs 1378.52 Cr with a negative revenue growth of -12.6%. The book value per share is -475.55 and the profit margin stands at -334.09%.

Positives

  • +The company has a debt-to-equity ratio of 0, indicating no reported debt.
  • +Promoter holding of 56.2506% is relatively significant.
  • +No promoter shares are reported as pledged (0%).

Negatives

  • Revenue declined by -12.6%.
  • The profit margin is significantly negative at -334.09%.
  • The book value per share is negative at -475.55.
  • Return on capital employed (ROCE) is negative at -2.1822%.
  • Net profits have been consistently negative across the last five reported annual periods, with the most recent being -304.46 Cr in March 2026.

Financial Performance

MTNL reported a total revenue of Rs 1378.52 Cr. The company experienced a revenue decline of -12.6%. Across the last five reported annual periods, revenue fluctuated, with a high of Rs 350.05 Cr in March 2026 and a low of Rs 145.12 Cr in June 2025. Net profit consistently remained negative, with the most recent reported annual net profit being -304.46 Cr in March 2026.

Profitability & Returns

The company's profit margin is -334.09%. Return on capital employed (ROCE) is negative at -2.1822%, indicating an inability to generate returns from its capital. Return on equity (ROE) is 10.37%, despite consistent negative net profits, which may warrant further investigation into its calculation or the context of the underlying financial structure.

Balance Sheet

MTNL has a debt-to-equity ratio of 0, indicating no reported debt relative to equity. However, the book value per share is negative at -475.55, suggesting liabilities exceed assets. The company's EPS is 0, aligning with the negative net profits reported.

Ownership & Pledges

As of June 2026, promoter holding stands at 56.2506%, with no shares reported as pledged. Institutional holding amounts to 13.8237%. The number of shareholders has increased over time, reaching 366221 in June 2026 from 130740 in June 2018.

Data as of — price: 2026-07-30 · financials: Mar 26 · shareholding: Jun 26. Figures are restated only when the company files again, so a period shown here is the most recent one on record — not necessarily the current quarter.

How this is produced: every figure above is computed from exchange filings and financial data mirrored by IPO Plus — no figure is generated or estimated. This is a factual summary for information and education only. It is not investment advice, not a recommendation to buy, sell or hold any security, and contains no price targets. Verify against the company's filings and the exchanges before any decision.

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