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M

Mahanagar Telephone Nigam MTNL.NS · INR

Communication Services · NSE · 🇮🇳 India

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26.97

+0.41%

Close of 9 Nov 2026, in INR

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At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹9.56bn

FY2017FY2026

Net income

−₹31.07bn

FY2017FY2026

Free cash flow

₹1.52bn

FY2017FY2026

Shareholders' equity

−₹299.60bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹9.56bn₹6.98bn₹7.99bn₹9.35bn₹11.49bn₹13.88bn₹16.24bn₹20.85bn₹23.72bn₹29.69bn
Operating income−₹7.10bn−₹4.12bn−₹5.80bn−₹5.61bn−₹9.35bn−₹7.75bn−₹17.51bn−₹17.14bn−₹14.65bn−₹15.04bn
Net income−₹31.07bn−₹33.28bn−₹32.68bn−₹29.15bn−₹26.03bn−₹24.61bn−₹36.94bn−₹33.88bn−₹29.73bn−₹29.36bn
Diluted earnings per share-49.32-52.82-51.86-46.27-41.32-39.07-58.63-53.78-47.19-46.61

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹100.76bn₹102.26bn₹107.17bn₹116.44bn₹123.17bn₹133.75bn₹166.88bn₹147.05bn₹162.50bn₹176.93bn
Cash and short-term investments₹50.77bn₹2.10bn₹1.08bn₹49.18bn₹1.49bn₹3.20bn₹1.97bn₹1.20bn₹543.7m₹980.7m
Total liabilities₹400.35bn₹371.45bn₹343.61bn₹324.99bn₹309.85bn₹294.20bn₹302.70bn₹244.32bn₹225.87bn₹210.67bn
Debt₹354.45bn₹324.41bn₹301.41bn₹283.51bn₹268.20bn₹256.00bn₹232.91bn₹197.37bn₹170.19bn₹152.01bn
Shareholders' equity−₹299.60bn−₹269.19bn−₹236.44bn−₹208.55bn−₹186.68bn−₹160.45bn−₹135.82bn−₹97.28bn−₹63.37bn−₹33.74bn
Shares outstanding630m630m630m630m630m630m630m630m630m630m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹1.76bn−₹20.63bn₹1.30bn₹638.5m₹7.04bn−₹2.25bn−₹12.06bn−₹7.38bn₹1.18bn−₹10.24bn
Capital spending−₹249.0m−₹357.7m−₹731.3m−₹436.8m−₹128.5m−₹997.4m−₹1.43bn−₹2.95bn−₹4.91bn−₹4.17bn
Free cash flow₹1.52bn−₹20.98bn₹569.7m₹201.7m₹6.91bn−₹3.24bn−₹13.48bn−₹10.33bn−₹3.73bn−₹14.42bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹2.17bn₹3.71bn₹1.98bn₹1.90bn₹657.4m₹1.70bn₹1.70bn₹1.74bn
Operating income−₹1.70bn−₹793.8m−₹1.83bn−₹2.18bn−₹1.89bn−₹1.13bn−₹1.08bn−₹1.21bn
Net income−₹8.42bn−₹3.07bn−₹8.97bn−₹9.60bn−₹9.43bn−₹8.28bn−₹8.36bn−₹8.90bn
Diluted earnings per share-13.37-4.87-14.24-15.24-14.97-13.14-13.27-14.13
Cash from operations———−₹1.15bn—₹3.40bn—₹668.0m
Capital spending———−₹12.0m—−₹357.0m—−₹233.0m
Free cash flow———−₹1.16bn—₹3.04bn—₹435.0m
Total assets—₹100.76bn—₹95.48bn—₹102.26bn—₹104.56bn
Cash and short-term investments₹7.76bn₹50.77bn₹883.4m₹42.15bn₹2.10bn₹2.10bn₹667.3m₹45.93bn
Debt—₹354.32bn—₹340.64bn—₹324.60bn—₹312.03bn
Shareholders' equity−₹299.60bn−₹299.60bn−₹287.99bn−₹287.99bn−₹269.19bn−₹269.19bn−₹252.88bn−₹252.88bn

Financial ratios

Data as of 29 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Operating margin-74.3%-59.0%-72.6%-60.0%-81.4%-55.9%
Net margin-324.9%-476.7%-409.2%-311.7%-226.5%-177.4%
Return on equity10.4%12.4%13.8%14.0%13.9%15.3%
Return on assets-30.8%-32.5%-30.5%-25.0%-21.1%-18.4%
Free cash flow yield13.8%-138.8%13.9%7.4%49.1%-8.5%
Revenue growth37.0%-12.6%-14.6%-18.6%-17.2%-14.5%
Earnings growth-6.6%1.8%12.1%12.0%5.8%-33.4%
Current ratio0.35x0.41x0.55x0.47x0.43x0.59x
Debt to equity-1.18x-1.20x-1.27x-1.35x-1.43x-1.58x
Equity ratio-297.3%-263.2%-220.6%-179.1%-151.6%-120.0%
Interest coverage-0.24x-0.14x-0.22x-0.24x-0.44x-0.37x
Buybacks as a share of market value0.0%0.0%-0.0%-0.0%0.0%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue0.7%-7.2%-11.7%
Operating income8.2%-1.7%-8.4%
Net income2.2%4.8%4.4%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin-67.8%-66.8%-67.1%-66.3%
Net margin-389.0%-372.4%-298.4%-178.8%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings-0.5-0.7-1.0-0.7-0.6-0.9-0.2-0.2-0.3-0.5
Price to sales1.63.34.02.31.41.60.50.30.40.5

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 17 Sept 2009.

FY2010FY2009FY2008FY2007FY2006FY2005FY2004FY2003
Paid in the year1.001.004.004.005.506.504.504.50

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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