MAHANAGAR TELEPHONE NIGAM
MTNL · General/Diversified · NSE
₹31
Current Market Price
Fair Value (DCF)
₹41
Discount to FV
+32.0%
Updated just now
YieldIQ Score
50/100
Piotroski F-Score
5/9
Economic Moat
None
Confidence
24%
ROE
10.4%
Debt/Equity
—
WACC
11.1%
Market Cap
₹1,981 Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
8.1%
Return on capital employed
EV / EBITDA
82.5×
Enterprise multiple
Debt / EBITDA
80.0×
Leverage vs earnings
Interest Coverage
-0.3×
EBIT covers interest
Current Ratio
0.41×
Short-term liquidity
Asset Turnover
0.08×
Revenue per ₹ of assets
Revenue CAGR (3Y)
2.9%
3-year revenue growth
Revenue CAGR (5Y)
-16.4%
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹31.44
Bear case
Margin of Safety —
Implied upside -Infinity%
Base case
Margin of Safety +19.5%
Implied upside +24.2%
Bull case
Margin of Safety +26.9%
Implied upside +36.9%
Ratio Trends
MTNL · last 9 annual periods
ROE
10.4%
ROCE
8.1%
Operating Margin
—
Debt / Equity
—
PE
—
EV / EBITDA
125.4×
Historical Financials
MTNL · Annual, last 5 years· amounts in ₹Cr unless noted
| Metric | 2022 NSE_XBRL | 2023 NSE_XBRL | 2024 NSE_XBRL | 2025 yfinance | 2026 yfinance | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹1102 Cr | — | — | — | — | +0.0% |
| EBITDA | ₹224 Cr | ₹39.7 Cr | ₹-114 Cr | ₹202 Cr | ₹444 Cr | +18.6% |
| EBIT | ₹-462 Cr | ₹-562 Cr | ₹-580 Cr | — | — | — |
| PAT | ₹-2603 Cr | ₹-2915 Cr | ₹-3268 Cr | ₹-3328 Cr | ₹-3107 Cr | — |
| EPS (diluted) | ₹-41.32 | ₹-46.27 | ₹-51.87 | — | — | — |
| CFO | ₹704 Cr | ₹63.9 Cr | ₹130 Cr | ₹340 Cr | ₹176 Cr | -29.2% |
| CapEx | ₹-12.8 Cr | ₹-43.7 Cr | ₹-73.1 Cr | ₹-35.8 Cr | ₹-24.9 Cr | — |
| FCF | ₹691 Cr | ₹20.2 Cr | ₹57.0 Cr | ₹304 Cr | ₹152 Cr | -31.6% |
| Total Assets | ₹12.3K Cr | ₹11.6K Cr | ₹10.7K Cr | ₹10.2K Cr | ₹10.1K Cr | -4.9% |
| Total Debt | ₹26.8K Cr | ₹28.4K Cr | ₹30.1K Cr | ₹32.4K Cr | ₹35.4K Cr | +7.2% |
| Shareholders' Equity | ₹-18.7K Cr | ₹-20.9K Cr | ₹-23.6K Cr | ₹-26.9K Cr | ₹-30.0K Cr | — |
CAGR computed across the visible window. Signs reverse if start value is zero or negative.
Peer Comparison
MTNL vs 2 closest peers by market-cap band
| Peer | MoS | Score | Verdict | ROE | PE |
|---|---|---|---|---|---|
 ROUTE ROUTE | — | — | Pending | 12.9% | — |
STLNETWORK STLNETWORK | — | — | Pending | — | — |
Click a ticker to view its fair-value analysis.
Dividend History
No dividend events recorded for MTNL in the last 10 years.
AI Analysis Summary
Model-generated description of metrics. Not investment advice. MAHANAGAR TELEPHONE NIGAM (MTNL.NS) trades at 31.44 vs a model fair value of 41.49, a gap of 32.0%. Piotroski F-score: 5/9. Moat label: N...
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Market-implied growth
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Risk Analysis
Volatility & drawdown
Risk profile of MTNL →
DuPont
ROE decomposition
Why ROE is what it is →
Technicals
RSI, MACD, MAs
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Recent activity
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Analyse MTNLNow →Model estimates using publicly available data. Not investment advice. YieldIQ is not registered with SEBI as an investment adviser or research analyst. Past performance does not guarantee future results.