Mahanagar Telephone Nigam Limited
Mahanagar Telephone Nigam Limited operates in Telecom - Cellular & Fixed line services, part of the Telecommunication sector. It booked ₹217 cr of revenue in its latest quarter (Q1 FY27) and kept -388.4% of sales as profit. It is the 6th largest of 6 Telecom - Cellular & Fixed line services companies we track, by market value.
| Segment | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|---|---|---|
| Infrastructure Leasing | — | — | — | — | — | 507 | 53% |
| Basic & other Services | 1,181 | 993 | 811 | 526 | 616 | 364 | 85% → 38% |
| Cellular | 209 | 158 | 126 | 78 | 83 | 86 | 15% → 9% |
| Total | 1,389 | 1,150 | 937 | 604 | 699 | 958 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 34% of companies in Telecommunication, on the 5 of 6 measures we could read for it. Each measure is ranked against the 17–24 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 52
At close. Not part of the score.
How much profit it earns on the money it employs · lowest in its sector on what we could measure
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash · highest in its sector on what we could measure
Whether sales and profit have grown, and how steadily
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
Not measurable for this company: valuation. Those pillars are left out of the score rather than counted as zero.
What if I invest in MTNL?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹217 cr |
| Other Income | ₹75 cr |
| Total Income | ₹292 cr |
| Cost of Materials | ₹0 cr |
| Purchases of Stock-in-Trade | ₹78 L |
| Employee Benefit Expense | ₹137 cr |
| Finance Costs | ₹748 cr |
| Depreciation & Amortisation | ₹137 cr |
| Other Expenses | ₹112 cr |
| Total Expenses | ₹1,135 cr |
| Profit before Tax | ₹-843 cr |
| Tax Expense | ₹0 cr |
| Share of JV / Associates | ₹31 L |
| Net Profit | ₹-842 cr |
| Net margin on total income | -288.4% |
The company made a net loss of ₹842 cr this quarter — income covered only ₹26 of every ₹100 it spent on costs and tax.
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 198 cr | 371 cr | 217 cr |
| Total income | 231 cr | 882 cr | 292 cr |
| Expenses | 1,129 cr | 1,188 cr | 1,135 cr |
| Profit before tax | -898 cr | -306 cr | -843 cr |
| Tax | 0 cr | 13 L | 0 cr |
| Net profit (owners' share) | -897 cr | -307 cr | -842 cr |
| Net margin (owners' share, on revenue) | -454.1% | -82.8% | -388.4% |
| EPS (₹) | -14.24 | -4.87 | -13.37 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Vodafone Idea Limited | ₹12 | ₹1.33 L cr | — | — | -32.1% | — |
| Bharti Hexacom Limited | ₹1,705 | ₹85,235 cr | 44.2 | 26.9% | 19.2% | — |
| Tata Communications Limited | ₹1,759 | ₹50,153 cr | 36.8 | 40.1% | 5.1% | — |
| Reliance Communications Limited | ₹1 | ₹16,382 cr | — | — | — | — |
| Tata Teleservices (Maharashtra) Limited | ₹35 | ₹6,754 cr | — | — | -19.1% | — |
| Mahanagar Telephone Nigam Limitedthis company | ₹24 | ₹1,490 cr | — | — | -388.4% | — |
| Bharti Airtel Limited | ₹2,065 | — | 38.6 | 21.9% | 14.0% | — |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.