TTMLTelecommunication

Tata Teleservices (Maharashtra) Limited

Telecom - Cellular & Fixed line services · ISIN INE517B01013 · BSE 532371 · NSE EQ · FV ₹10
Last price
₹37
+4.03%today
What this company does

Tata Teleservices (Maharashtra) Limited operates in Telecom - Cellular & Fixed line services, part of the Telecommunication sector. It booked ₹302 cr of revenue in its latest quarter (Q1 FY27) and kept -23.9% of sales as profit. It is the 5th largest of 6 Telecom - Cellular & Fixed line services companies we track, by market value.

Their stated mission

is to design products and services that not only address today’s challenges but also pave the way for their seamless transition * The above numbers pertain to TTL i.

In the report:
41out of 100
Equitytale Health Score
Strained

Healthier than 41% 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

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns14

How much profit it earns on the money it employs

Balance sheet9

How much it owes, and whether earnings cover the interest

Cash quality100

Whether reported profit actually arrives as cash · highest in its sector on what we could measure

Growth & consistency29

Whether sales and profit have grown, and how steadily

Governance & risk100

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.

Is this company doing well?
not investment advice
A mixed picture
Strengths
Sales up 6% vs last year
Promoters hold 74%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Currently loss-making
! Thin -23.9% net margin

What if I invest in TTML?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

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 We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹37 +4.03%
latest close · 2026-09-17
1-year return
+3.1%
52-wk low ₹3352-wk high ₹290
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
EV / EBITDA41.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Net margin-23.9%Loss
ThinDecentStrong
EBITDA margin55.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity-1.03Comfortable
LowModerateHigh ▸1
Interest cover0.6×Risky
RiskyOkayStrong ▸5×
Current ratio0.01Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹7,163 cr
Book value
₹-102
EPS
₹-0.37
latest quarter
Net debt
₹20,648 cr
owes more than its cash
Enterprise value
₹27,811 cr
EBITDA
₹669 cr
annualised
EBIT
₹536 cr
annualised
Operating margin
44.4%
Return on assets
-21.5%
Earnings yield
P/S
5.94
Sales / share
₹6.2
Tax rate
Face value
₹10
Shares
195.5 cr
Working capital
₹-18,000 cr
Current assets
₹184 cr
Current liabilities
₹18,184 cr
Delivery %
40.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

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 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

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.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹302 cr
Other Income₹2 cr
Total Income₹304 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹23 cr
Finance Costs₹206 cr
Depreciation & Amortisation₹33 cr
Other Expenses₹114 cr
Total Expenses₹376 cr
Profit before Tax₹-72 cr
Tax Expense₹0 cr
Net Profit₹-72 cr
Net margin on total income-23.7%
Where the money goes · Q1 FY27
% of total spend
Employee benefit expense₹23 cr6.1%
Finance costs₹206 cr54.8%
Depreciation & amortisation₹33 cr8.8%
Other expenses₹114 cr30.2%
Total income ₹304 cr

The company made a net loss of ₹72 cr this quarter — income covered only 81 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue294 cr296 cr302 cr
Total income296 cr297 cr304 cr
Expenses443 cr379 cr376 cr
Profit before tax-150 cr581 cr-72 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)-150 cr581 cr-72 cr
Net margin (owners' share, on revenue)-51.1%196.6%-23.9%
EPS (₹)-0.772.97-0.37
YoY (latest quarter): total income +6.1% · net profit
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,341 cr
Shareholder equity
₹-19,983 cr
parent shareholders
Total debt
₹20,663 cr
Cash
₹15 cr
Cash flow · H1 FY26
Operating
₹347 cr
Investing
₹-80 cr
Financing
₹-305 cr
Peer comparison
Telecom - Cellular & Fixed line services · by market value
CompanyPriceMarket capP/E
Vodafone Idea Limited₹14₹1.54 L cr
Bharti Hexacom Limited₹1,481₹74,055 cr38.4
Tata Communications Limited₹1,792₹51,064 cr95.1
Reliance Communications Limited₹1₹19,416 cr
Tata Teleservices (Maharashtra) Limitedthis company₹37₹7,163 cr
Mahanagar Telephone Nigam Limited₹24₹1,498 cr
Bharti Airtel Limited₹1,83634.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Bonus issue15:27 Aug 2013
Who owns it · 2026-06-30
No pledge
Promoter
74.4%
FII / Foreign
2.5%
DII / Domestic
0.2%
Retail / others
22.9%
Smart-money activity
Insider trades
BoughtTata Teleservices Limited · Promoters22.99 cr · ₹6.4 cr21 Feb 18
SoldNTT DOCOMO INC. · Promoters22.99 cr · ₹6.4 cr21 Feb 18
Bulk / block deals
short · NSE7003 Sep 26
short · NSE1997 Aug 26
short · NSE10016 Jul 26
Stake changes
SoldIDBI Trusteeship Services Ltd→ 0.00% · 50.83 cr15 Feb 19
BoughtTata Teleservices Limited · promoter→ 48.30%17 Oct 18
BoughtTata Teleservices Limited · promoter→ 26.26% · 20.18 cr17 Oct 18
Promoter pledges
ReleasedIDBI Trusteeship Services Limited in capacity as a security Trustee for the facilities granted by lenders to TTML50.83 cr · 26.00% held15 Feb 19
PledgedIDBI Trusteeship Services Ltd in Capacity as a Security50.83 cr · 26.00% held9 Nov 17
What shareholders were asked to approve

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.

Postal ballot · 26 Oct 2025
See the official result
1
Appointment of Mr Nalin Rana (DIN:11211374) as a Non-Executive Non-Independent Director
Backed by 55% of shareholders other than promotersneeded 50%
3.04 cr votes for, 2.49 cr against · 48% of mutual funds and other big investors said no

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.

Who controls this company, and what it pays them

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.

The promoter group — 360 named members
owning 74.4% between them · as of 2026-06-30
Tata Teleservices Limited48.30%
Tata Sons Private Limited19.58%
The Tata Power Company Limited6.48%
3-101-951221 SOCIEDAD ANONIMAno shares
915 Labs Incno shares
Actve Digital Services Private Limitedno shares
AFCL Ghana Ltd.no shares
AFCL Premium Services Ltd.no shares

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.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.