Mahanagar Telephone Nigam Limited (MTNL) Fair Value & Analysis
Communication Services · IN · Market cap ₹19.0B
Fair value as of: Jul 3, 2026
From 9 valuation models · updated today
Share price −1.6% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹21.47 – ₹52.09 · fair‑value band ₹10.05 – ₹12.74 · the ₹30.00 price screens above the ₹11.10 fair value. As of Jul 3, 2026.
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Mahanagar Telephone Nigam Limited (MTNL) currently trades at ₹30.00, while our model-based Fair Value estimate is ₹11.10 — implying the stock looks roughly 63.0% overvalued today. We read business quality at 52/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).
Trailing-twelve-month revenue stands at ₹9.6B. Revenue grew 87.9% year over year. Net debt stands at ₹353B. Fundamentals as of Jul 3, 2026
Key figures & financial health
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
Mahanagar Telephone Nigam Limited, together with its subsidiaries, provides telecommunication services in India. The company operates through two segments, Basic and Other Services, and Cellular Services. It offers mobile, voice, roaming, and internet services; and international long distance services. The company also provides remote monitoring; capacity building and skill development programme; ICT Solution with operation and maintenance services; launch, operate, provide, and maintains cloud and managed services; surveillance and perimeter security services, including emergency communication; wi-fi, surveillance projects, infrastructure sharing, web hosting, and cloud computing services. In addition, it is involved in the provision of cloud services; and information technology/data activities. Mahanagar Telephone Nigam Limited was incorporated in 1986 and is based in New Delhi, India.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Mahanagar Telephone Nigam Limited reported revenue of ₹9.6B in FY2026 versus ₹11.5B in FY2022, a compound −4.5%/yr. Reported net income was −₹31.1B in FY2026.
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6 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SoftBank Group SFTBF | $41.03 | $68.21 | +66% |
| China Mobile Limited 0941 | HK$82.40 | HK$80.23 | -3% |
| T-Mobile US, Inc TM5 | €160.06 | €163.75 | +2% |
| Verizon Communications Inc BAC | €40.98 | €35.28 | -14% |
| AT&T Inc SOBA | €21.19 | €21.67 | +2% |
| Deutsche Telekom AG DTE | €28.63 | €34.75 | +21% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.