Mahanagar Telephone Nigam Limited Stock Price Today (NSE: MTNL)
Mahanagar Telephone Nigam Limited
Fundamental Score
Mahanagar Telephone Nigam Limited Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Mahanagar Telephone Nigam Limited share price today is ₹21.47, down 7.96% on NSE/BSE as of 30 March 2026. Mahanagar Telephone Nigam Limited (MTNL) is a Small-cap company in the Telecom - Cellular & Fixed line services sector with a market capitalisation of ₹2.40K (Cr). The 52-week high for MTNL share price is ₹58.20 and the 52-week low is ₹23.00.
Mahanagar Telephone Nigam Limited Share Price Chart — NSE/BSE Historical Performance
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Mahanagar Telephone Nigam Limited Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Analysis of Mahanagar Telephone Nigam Share Price: A Conservative Value Perspective
The telecom industry, encompassing both cellular and fixed-line services, is undergoing a period of intense disruption. Traditional fixed-line operators are facing headwinds from the rise of mobile technology and data-driven services. This analysis will delve into the financial health of Mahanagar Telephone Nigam Limited (MTNL) from a conservative value investing standpoint, focusing on capital safety. We will examine the current Mahanagar Telephone Nigam share price of ₹31.18 and related financial metrics, acknowledging that this analysis is part of a comprehensive 80-parameter fundamental audit verified by Sweta Mishra.
A critical observation is the company's Return on Capital Employed (ROCE) of -6.76%. A negative ROCE indicates that MTNL is destroying capital rather than creating value for its shareholders. This significantly weakens any potential economic moat the company might have possessed. A sustainable moat is essential for long-term value creation, and a negative ROCE raises serious concerns about MTNL's competitive position and its ability to generate future profits.
Furthermore, MTNL's lack of a Price-to-Earnings (PE) ratio, meaning it is currently unprofitable, adds another layer of complexity to the investment assessment. Comparing MTNL with its peers, like
Reliance Communications Ltd, also facing financial challenges, highlights the critical importance of strong management in navigating the evolving telecom landscape. While both companies operate in the same sector, perceptions surrounding management quality and strategic direction may differ significantly, influencing investor confidence.From a conservative value investing perspective, capital preservation is paramount. The negative ROCE, lack of profitability (indicated by the absence of a PE ratio), and challenging industry dynamics suggest a high degree of risk. Further investigation into the company's debt levels, cash flow generation, and restructuring efforts is warranted before considering any potential investment. This analysis presents observations, and does not constitute investment advice.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Mahanagar Telephone Nigam Limited Fundamental Analysis & Valuation Benchmarking
Educational evaluation of MTNL across key market metrics for learning purposes.
Positive Indicators
3 factors identified
Strong Cash Generation (₹747.85 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Balanced Promoter Holding (56.25%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
8 factors identified
Suboptimal ROCE (-6.76%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Margin Pressure Concerns (-32.50%)
Observation: Operating margins are below industry standards.
Analysis: OPM <5% may indicate pricing pressures or cost management challenges.
Revenue Contraction (-28.83%)
Observation: Sales decline may indicate market challenges or competitive pressures.
Analysis: Negative revenue growth requires analysis of market conditions.
Limited Growth History (-15.53% CAGR)
Observation: Below-average 5-year sales growth trajectory.
Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.
Weak Earnings Growth (1.87% CAGR)
Observation: Below-average 5-year EPS growth performance.
Analysis: Low EPS growth may not keep pace with inflation.
Stagnant Profit Growth (1.87% CAGR)
Observation: Limited 5-year profit growth trajectory.
Analysis: Low profit growth may indicate scalability challenges or market maturity.
Weak Interest Coverage (-0.21x)
Observation: Limited ability to service debt obligations from earnings.
Analysis: Low interest coverage raises concerns about financial stability.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Mahanagar Telephone Nigam Limited Financial Statements
Comprehensive financial data for Mahanagar Telephone Nigam Limited including income statement, balance sheet and cash flow
About MTNL (Mahanagar Telephone Nigam Limited)
Mahanagar Telephone Nigam Limited is the pulse of connectivity for millions across India, a telecommunications titan straddling the realms of cellular and fixed-line services. Pict...ure a landscape where seamless communication is paramount, and MTNL stands as a steadfast provider, weaving its network across bustling urban centers and quieter suburban landscapes. This dynamic entity delivers more than just talk; it crafts a conduit for the modern world. From the familiar ring of a home phone bridging generations to the rapid-fire exchange of data on a smartphone, MTNL's infrastructure forms the bedrock of countless interactions, both personal and professional. Through innovation and an unwavering commitment to its customers, MTNL continues to be a vital player in the ever-evolving landscape of Indian telecommunications. MTNL offers a comprehensive suite of services, catering to diverse needs and preferences. Imagine the convenience of staying connected on the go with mobile services, effortlessly navigating busy streets while on a call. Envision the reliability of a fixed-line connection, the cornerstone of homes and businesses, ensuring uninterrupted communication. The organization also provides a gateway to the world wide web through robust internet services, fueling innovation, education, and entertainment. MTNL's dedication to innovation extends beyond basic connectivity, with offerings like international long-distance services bridging geographical divides and enabling global communication. Beyond its core offerings, MTNL embraces emerging technologies to provide cutting-edge solutions. They enable remote monitoring, ensure smooth operations and ICT solutions. These initiatives position MTNL as a forward-thinking entity, committed to driving progress in the telecommunications sector and serving the evolving needs of its customers in an increasingly interconnected world. MTNL remains a crucial player, shaping the future of communication and empowering individuals and businesses alike.
Company Details
Key Leadership
MTNL Share Price: Frequently Asked Questions
What is the current share price of Mahanagar Telephone Nigam Limited (MTNL)?
As of 30 Mar 2026, 12:02 pm IST, Mahanagar Telephone Nigam Limited share price is ₹21.47. The MTNL stock has a market capitalisation of ₹2.40K (Cr) on NSE/BSE.
Is MTNL share price Overvalued or Undervalued?
MTNL share price is currently trading at a P/E ratio of 0.00x, compared to the industry average of 52.44x. Based on this relative valuation, the Mahanagar Telephone Nigam Limited stock appears to be Fairly Valued against its sector peers.
What is the 52-week high and low of MTNL share price?
The 52-week high of MTNL share price is ₹58.20 and the 52-week low is ₹23.00. These values are updated daily from NSE/BSE price data.
What factors affect the Mahanagar Telephone Nigam Limited share price?
Key factors influencing MTNL share price include quarterly earnings growth (Sales Growth: -28.83%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Mahanagar Telephone Nigam Limited a good stock for long-term investment?
Mahanagar Telephone Nigam Limited shows a 5-year Profit Growth of 1.87% and an ROE of N/A%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of N/A before investing in MTNL shares.
How does Mahanagar Telephone Nigam Limited compare with its industry peers?
Mahanagar Telephone Nigam Limited competes with major peers in the Telecom - Cellular & Fixed line services. Investors should compare MTNL share price P/E of 0.00x and ROE of N/A% against the industry averages to determine competitive standing.
What is the P/E ratio of MTNL and what does it mean?
MTNL share price has a P/E ratio of N/Ax compared to the industry average of 52.44x. Investors pay ₹N/A for every ₹1 of annual earnings.
How is MTNL performing according to Bull Run's analysis?
MTNL has a Bull Run fundamental score of 14.1/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does MTNL belong to?
MTNL operates in the Telecom - Cellular & Fixed line services industry. This classification helps understand the competitive landscape and sector-specific trends affecting Mahanagar Telephone Nigam Limited share price.
What is Return on Equity (ROE) and why is it important for MTNL?
MTNL has an ROE of N/A%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently Mahanagar Telephone Nigam Limited generates profits from shareholders capital.
How is MTNL debt-to-equity ratio and what does it indicate?
MTNL has a debt-to-equity ratio of N/A, which indicates conservative financing with low financial risk.
What is MTNL dividend yield and is it a good dividend stock?
MTNL offers a dividend yield of 0.00%, meaning you receive ₹0.00 annual dividend for every ₹100 invested in Mahanagar Telephone Nigam Limited shares.
How has MTNL share price grown over the past 5 years?
MTNL has achieved 5-year growth rates of: Sales Growth -15.53%, Profit Growth 1.87%, and EPS Growth 1.87%.
What is the promoter holding in MTNL and why does it matter?
Promoters hold 56.25% of MTNL shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Mahanagar Telephone Nigam Limited.
What is MTNL market capitalisation category?
MTNL has a market capitalisation of ₹2398 crores, placing it in the Small-cap category.
How volatile is MTNL stock?
MTNL has a beta of N/A. A beta > 1 suggests the Mahanagar Telephone Nigam Limited stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is MTNL operating profit margin trend?
MTNL has a 5-year average Operating Profit Margin (OPM) of -32.50%, indicating the company's operational efficiency.
How is MTNL quarterly performance?
Recent quarterly performance shows Mahanagar Telephone Nigam Limited YoY Sales Growth of -28.83% and YoY Profit Growth of -7.85%.
What is the institutional holding pattern in MTNL?
MTNL has FII holding of 0.04% and DII holding of 13.46%. Significant institutional holding often suggests professional confidence in the Mahanagar Telephone Nigam Limited stock.