Mahanagar Telephone Nigam Ltd
Mahanagar Telephone Nigam Ltd (MTNL) last reported results for the quarter ended Jun 2026, with sales of ₹217 crore and net profit of ₹-842 crore. The stock last traded at ₹22.9, a market capitalisation of ₹1,444 crore. Over the past 52 weeks the stock has ranged between ₹20.3 and ₹44.7. Figures are as of 9 Oct 2026 and are not real time.
Mahanagar Telephone Nigam Ltd share price and key metrics
- Current price
- ₹22.9
- Market cap
- ₹1,444 cr
- Book value
- ₹-476
- ROE
- %
- ROCE
- -9.32%
- Dividend yield
- 0.00%
- 52w high / low
- 44.7/20.3
Metrics as of 9 Oct 2026. Not real time.
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Mahanagar Telephone Nigam Ltd growth and returns
- 10 Years
- -11%
- 5 Years
- -7%
- 3 Years
- 1%
- TTM
- 1%
- 10 Years
- -15%
- 5 Years
- -11%
- 3 Years
- -7%
- TTM
- 14%
- 10 Years
- 2%
- 5 Years
- 4%
- 3 Years
- -6%
- 1 Year
- -46%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- Last Year
- %
Mahanagar Telephone Nigam Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹217 cr, up 26.2% from ₹172 cr a year earlier. Net profit was ₹-842 cr, up 10.7% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 267 | 261 | 275 | 172 | 190 | 211 | 371 | 217 |
| Expenses | 294 | 298 | 292 | 251 | 298 | 238 | 311 | 250 |
| Operating profit | -27 | -37 | -16 | -79 | -108 | -28 | 60 | -33 |
| OPM % | -10% | -14% | -6% | -46% | -57% | -13% | 16% | -15% |
| Other income | 61 | 78 | 55 | 35 | 32 | 21 | 511 | 75 |
| Interest | 769 | 728 | 716 | 754 | 742 | 749 | 738 | 748 |
| Depreciation | 155 | 150 | 151 | 145 | 142 | 142 | 139 | 137 |
| Profit before tax | -890 | -836 | -828 | -943 | -960 | -897 | -307 | -842 |
| Tax % | 0% | 0% | -0% | 0% | 0% | 0% | 0% | 0% |
| Net profit | -890 | -836 | -828 | -943 | -960 | -897 | -307 | -842 |
| EPS (₹) | -14.13 | -13.27 | -13.14 | -14.97 | -15.24 | -14.24 | -4.87 | -13.37 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Mahanagar Telephone Nigam Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,969 | 2,472 | 2,085 | 1,624 | 1,388 | 1,149 | 935 | 799 | 1,130 | 956 | 988 |
| Operating profit | -1,058 | -1,145 | -1,300 | -1,447 | 75 | -304 | -434 | -482 | -11 | -129 | -109 |
| OPM % | -36% | -46% | -62% | -89% | 5% | -26% | -46% | -60% | -1.0% | -14% | -11% |
| Net profit | -2,936 | -2,971 | -3,388 | -3,694 | -2,461 | -2,603 | -2,915 | -3,268 | -3,328 | -3,107 | -3,006 |
| EPS (₹) | -46.60 | -47.16 | -53.78 | -58.63 | -39.07 | -41.32 | -46.27 | -51.87 | -52.82 | -49.32 | -47.72 |
TTM is the trailing twelve months to the most recent quarter.
Mahanagar Telephone Nigam Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 630 | 630 | 630 | 630 | 630 | 630 | 630 | 630 | 630 | 630 |
| Reserves | -4,004 | -6,962 | -10,358 | -14,212 | -16,675 | -19,298 | -21,485 | -24,274 | -27,549 | -30,590 |
| Borrowings | 15,201 | 17,019 | 19,737 | 23,291 | 25,600 | 26,820 | 28,351 | 30,141 | 32,655 | 35,445 |
| Other liabilities | 5,882 | 5,611 | 4,711 | 6,997 | 3,844 | 4,191 | 4,176 | 4,248 | 4,517 | 4,616 |
| Total liabilities | 17,709 | 16,298 | 14,720 | 16,706 | 13,400 | 12,342 | 11,672 | 10,745 | 10,253 | 10,101 |
| Fixed assets | 8,759 | 8,164 | 7,466 | 6,889 | 6,253 | 5,618 | 4,967 | 4,333 | 3,808 | 3,138 |
| CWIP | 291 | 331 | 320 | 328 | 184 | 74 | 59 | 86 | 32 | 13 |
| Investments | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 4 | 4 | 5 |
| Other assets | 8,654 | 7,799 | 6,930 | 9,486 | 6,960 | 6,647 | 6,642 | 6,323 | 6,409 | 6,946 |
| Total assets | 17,709 | 16,298 | 14,720 | 16,706 | 13,400 | 12,342 | 11,672 | 10,745 | 10,253 | 10,101 |
As reported by the company. Total assets equal total liabilities by construction.
Mahanagar Telephone Nigam Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -1,024 | 155 | -733 | -1,206 | -225 | 704 | 64 | 130 | 340 | 176 |
| Cash from investing | -30 | -492 | -297 | -43 | -259 | 204 | -174 | 107 | -29 | -201 |
| Cash from financing | 984 | 345 | 1,044 | 1,326 | 414 | -936 | 177 | -319 | -215 | -19 |
| Net cash flow | -71 | 7 | 14 | 77 | -70 | -28 | 67 | -81 | 96 | -43 |
| Free cash flow | -1,441 | -357 | -1,043 | -1,348 | -324 | 691 | 20 | 57 | 304 | 570 |
| CFO / operating profit | 113% | -19% | 56% | 84% | -553% | -248% | -18% | -32% | -2,159% | -131% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Mahanagar Telephone Nigam Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -12% | -13% | -16% | -18% | -3% | -5% | -7% | -8% | -7% | -9% |
| Debtor days | 60 | 63 | 107 | 141 | 203 | 213 | 229 | 234 | 181 | 126 |
| Cash conversion cycle | 60 | 63 | 107 | 141 | 203 | 213 | 229 | 234 | 181 | 126 |
| Working capital days | -707 | -613 | -1,038 | -1,930 | -1,218 | -2,518 | -2,681 | -1,995 | -2,531 | -4,288 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Mahanagar Telephone Nigam Ltd shareholding pattern
Promoters held 56.25% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.40% and DIIs 13.43%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 56.25% | 56.25% | 56.25% | 56.25% | 56.25% | 56.25% | 56.25% | 56.25% |
| FIIs | 0.06% | 0.09% | 0.14% | 0.54% | 0.04% | 0.05% | 0.50% | 0.40% |
| DIIs | 13.47% | 13.49% | 13.46% | 13.46% | 13.46% | 13.43% | 13.43% | 13.43% |
| Public | 30.22% | 30.16% | 30.15% | 29.76% | 30.25% | 30.27% | 29.82% | 29.92% |
| No. of shareholders | 4,66,118 | 4,41,629 | 4,37,424 | 4,14,395 | 4,00,262 | 3,87,197 | 3,74,944 | 3,66,221 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Mahanagar Telephone Nigam Ltd corporate filings
- Mahanagar Telephone Nigam Ltd discloses quarterly defaults on interest and principal payments on loans and debt securitiesOtherslow impact
Cruxal's analysis: The company, with a market cap of approximately 1,451 crore and a current stock price of…
Read the full analysis - Mahanagar Telephone Nigam Ltd discloses default on loan payments including interest and principal for revolving facilities as of October 9, 2026Otherslow impact
Cruxal's analysis: The company, a small-cap with a market cap of approximately 1467 crore, has reported…
Read the full analysis - SEBI Regulatory Filing Reveals Review of Rs. 6500 Crore Bonds of MTNL by Brickwork Ratings, Upgrading Support Rating to AAA (CE)Company Updatehigh impact
Cruxal's analysis: The filing discloses that Brickwork Ratings has reviewed and upgraded the support rating…
Read the full analysis - SEBI Bond Rating Review: MTNL's Rs. 6500 Crore Bonds Upgraded to AAA (CE) with Stable OutlookCompany Updatehigh impact
Cruxal's analysis: Mahanagar Telephone Nigam Limited (MTNL) has received a rating review from Brickwork…
Read the full analysis - LETTER ATTACHEDCompany Updatelow impact
- MTNL Holds AGM with Approval of All Resolutions; No Financial Impact AnnouncedAGM/EGMlow impact
Cruxal's analysis: Mahanagar Telephone Nigam Limited (MTNL) conducted its 40th Annual General Meeting on…
Read the full analysis - Mahanagar Telephone Nigam Ltd discloses sale of Powai property to Income Tax Department via G2G transferCompany Updatelow impact
Cruxal's analysis: The company announced the compliance of SEBI regulations by disclosing the sale of its…
Read the full analysis - MTNL extends additional charge of Director (HR & EB) assigned to Dr. Kalyan Sagar Nippani, BSNLCompany Updatelow impact
Cruxal's analysis: The company has disclosed the extension of the additional charge of the Director (HR &…
Read the full analysis - MTNL Conducts 40th AGM with No Financial Results Announced; Focus on Strategic Revival and GovernanceAGM/EGMlow impact
Cruxal's analysis: Mahanagar Telephone Nigam Limited (MTNL) held its 40th AGM on 30th September 2026 via…
Read the full analysis - MTNL discloses imposition of penalties by TRAICompany Updatelow impact
Cruxal's analysis: Mahanagar Telephone Nigam Ltd (MTNL) has filed a disclosure regarding the imposition of…
Read the full analysis - MTNL discloses imposition of penalties by TRAICompany Updatelow impact
Cruxal's analysis: Mahanagar Telephone Nigam Ltd (MTNL) has filed a disclosure under Regulation 30 and 51 of…
Read the full analysis - MTNL discloses imposition of penalties by TRAICompany Updatelow impact
Cruxal's analysis: Mahanagar Telephone Nigam Ltd (MTNL) has filed a disclosure regarding the imposition of…
Read the full analysis - MTNL Announces Senior Management Reshuffle in Delhi OperationsCompany Updatelow impact
Cruxal's analysis: Mahanagar Telephone Nigam Limited (MTNL) has disclosed a change in its senior management…
Read the full analysis - MTNL reports continued default on interest and principal repayment obligationsOthersmedium impact
Cruxal's analysis: Mahanagar Telephone Nigam Ltd (MTNL) has disclosed a default on the payment of interest…
Read the full analysis - LETTER ATTACHEDInsider Trading / SASTlow impact
- Mahanagar Telephone Nigam Limited (MTNL) Announces Appointment of Joint Statutory Auditors for FY 2026-27Company Updatelow impact
Cruxal's analysis: Mahanagar Telephone Nigam Limited has formally disclosed the appointment of M/s S L…
Read the full analysis - MTNL publishes routine newspaper advertisement under Regulation 30Company Updatelow impact
Cruxal's analysis: Mahanagar Telephone Nigam Ltd has filed a disclosure regarding a newspaper publication in…
Read the full analysis - MTNL Announces Closure of Register of Members and Share Transfer BooksCompany Updatelow impact
Cruxal's analysis: Mahanagar Telephone Nigam Ltd has issued a notice regarding the closure of its Register…
Read the full analysis - MTNL files Business Responsibility and Sustainability Report (BRSR)Otherslow impact
Cruxal's analysis: Mahanagar Telephone Nigam Ltd has submitted its Business Responsibility and…
Read the full analysis - MTNL releases Annual Report for FY 2025-2026Otherslow impact
Cruxal's analysis: Mahanagar Telephone Nigam Ltd has filed its Annual Report for the financial year…
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