MTNL · Mahanagar Telephone Nigam Ltd · Communications Services
MTNL · Mahanagar Telephone Nigam Ltd · Communications Services
As of 05 Nov close
52-week range
45.9% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹217 Cr
Revenue YoY
PAT YoY
+10.7%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
Not available from data source
P/S (TTM)
1.5
Sector P/E
16.1
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| MTNL (this stock) | Not meaningful (earnings negative over the last 12 months) | Not available from data source | -296.5% | +10.0% | -1.18 | 0.0% |
| Bharti Airtel | 37.7 | 7.8 | +13.1% | +17.9% | 1.25 | +1.3% |
| Bharti Hexacom | 40.7 | 37.7 | +19.0% | +23.9% | 0.8 | +1.2% |
| Tata Communications | 59.4 | 15 | +3.7% | +27.4% | 3.55 | +1.0% |
Promoter
stable
FII
falling 1q
MF
Not available from data source
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| date | canonicalSymbol | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| 2026-10-12 | MTNL | 1463824 | 1 | WEAK | BULK |
| 2026-10-02 | MTNL | 3605807 | 2 | WEAK | BULK |
| 2026-10-01 | MTNL | 3605807 | 2 | WEAK | BULK |
News timeline
- lowbusiness-standard.com· 14 Sept 2026, 10:36 pmThe cutting edge of governance
- mediumsector policybusiness-standard.com· 17 Aug 2026, 10:29 pm35 years of liberalisation: Telecom, the sunrise sector of the reforms era
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedThe annual report of Mahanagar Telephone Nigam Limited (MTNL) for FY2025-26 highlights the company's continued focus on corporate governance, compliance with regulatory requirements, and stakeholder engagement. The report outlines the company's financial performance, noting a reduction in net loss compared to the previous year. It emphasizes the importance of transparency, accountability, and ethical conduct in business practices. The report also details the company's efforts in implementing risk management strategies, board governance, and compliance with various statutory and regulatory guidelines. Additionally, it mentions the company's initiatives in sustainability and corporate social responsibility, as well as the transition of telecom operations to BSNL under a service agreement to address network modernization challenges.
- Emphasis on corporate governance and compliance with regulatory requirements
- Implementation of risk management strategies and board governance
- Initiatives in sustainability and corporate social responsibility
- Transition of telecom operations to BSNL under a service agreement to address network modernization challenges
Key takeaway: MTNL is focusing on corporate governance, regulatory compliance, and risk management while addressing network modernization challenges through a service agreement with BSNL.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (3 items); Regulatory Action (3 items); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
3 occurrencesRecent (last 12 months)
The auditor issued an adverse opinion on the standalone financial statements of Mahanagar Telephone Nigam Limited (MTNL) for the year ended March 31, 2026, stating that the financial statements do not present a true and fair view in accordance with the Companies Act, 2013 and Indian Accounting Standards.
Earlier (1-3 years ago)
The auditor has issued a qualified opinion due to matters described in the Basis for Qualified Opinion Paragraph, which may have an adverse effect on the functioning of the Company.
The auditor issued a qualified opinion on the standalone Ind-AS financial statements of Mahanagar Telephone Nigam Limited as of March 31, 2024.
Regulatory Action
3 occurrencesRecent (last 12 months)
The company had non-compliance with the requirement of having sufficient Independent Directors on its Board and in its committees during specific periods in FY 2025-26, as per SEBI (LODR) Regulations, 2015.
Earlier (1-3 years ago)
The company did not comply with the requirement of having a minimum number of Independent Directors on its Board and Audit Committee during specific periods from 02.11.2024 to 31.03.2025, as mandated by SEBI (LODR) Regulations, 2015.
MTNL's board composition did not conform to SEBI (LODR) Regulation, 2015 and DPE Guidelines on Corporate Governance, 2010 due to lack of an independent director until 31.03.2024.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
MTNL defaulted in repayment of bank installments/interest of term loan amounting to Rs. 9262.49 crores.
Earlier (1-3 years ago)
The company has defaulted in repayment of loans or other borrowings or in the payment of interest thereon to the following lenders during the year.
Routine disclosures
Internal Control Weakness
3 occurrencesRecent (last 12 months)
The Statutory Auditors identified material weaknesses in MTNL's internal financial controls in their report for FY 2025-26.
Earlier (1-3 years ago)
The Statutory Auditors identified material weaknesses in MTNL's internal financial controls in their report for FY 2024-25, which is attached as an annexure to the Independent Auditors Report.
The company has material weaknesses in internal financial controls as described by the Statutory Auditors in their Report on the Internal Financial Control for FY 2023-24.
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has a contingent liability of Rs. 3,205.71 Crores related to a disputed demand by the Department of Telecommunication (DOT) for 2G spectrum charges, with the matter sub-judice and no provision recognised.
Earlier (1-3 years ago)
MTNL's Delhi unit has a contingent liability of Rs. 68.92 crores related to a terminated contract with M & N Publications Ltd, which is under legal challenge in the Bombay and Delhi High Courts.
MTNL has a contingent liability of Rs 455 crs related to potential payment of spectrum charges, subject to the Supreme Court's final decision on the case filed by the Union of India against TDSAT's judgment.
Related-Party Transaction
1 occurrenceEarlier (1-3 years ago)
The company has transactions with related parties including receiving dividends from MTML, MSISL, and MTL, and has outstanding balances with entities like MTML and Millennium Telecom Limited. It also has service transactions and expense reimbursements with BSNL.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has pending disputes and unpaid dues related to Sales Tax, Service Tax, and GST in Delhi Units, with amounts and specific periods listed, and disputes pending before various forums including the Supreme Court.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
4.07% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).