Tata Teleservices (Maharashtra) Limited (TTML) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Tata Teleservices (Maharashtra) Limited ₹25.70, price ₹34.82, upside -26.2%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Tata Teleservices (Maharashtra) Limited
TTML · NSEOvervalued / MonitorQuality is not strong enough to offset the price risk.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹30.35 – ₹290.15 · fair‑value band ₹15.12 – ₹35.25 · the ₹34.82 price screens above the ₹25.70 fair value. Dashed = 300-day average. As of Oct 2, 2026.
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Company profile
Tata Teleservices (Maharashtra) Limited provides wire line voice, data, and managed telecom services to enterprise customers in Maharashtra and Goa. The company offers its information and communication solutions under the Tata Tele Business Services brand name.
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Tata Teleservices (Maharashtra) Limited provides wire line voice, data, and managed telecom services to enterprise customers in Maharashtra and Goa. The company offers its information and communication solutions under the Tata Tele Business Services brand name. It provides digital solutions, including connectivity, business communications, security, marketing, and managed services. The company provides cloud and SaaS services comprising smart cloud, google workplace, Microsoft azure and Microsoft 365, smartflo and smartflo UCaaS; voice services, including Centrex, PRI, SIP trunk, SmartOffice, and international bridging service. It also offers data services comprising smart internet, Ill burstable bandwidth, SD-WAN iFLX, smart VPN-MPLS, EZ cloud connect, leased line-P2P, tele Wi-Fi, ultra-LOLA, and business and retail broadband. In addition, the company provides marketing solutions, such as toll free and call register services, hosted IVR, hosted OBD services, and SMS solutions; and cyber security services, including multifactor authentication and virtual firewall, as well as email, endpoint, and web security. It serves BFSI, IT/ITES, manufacturing, services, education, healthcare, telecom, media, entertainment, retail, and other industries. Tata Teleservices (Maharashtra) Limited was incorporated in 1995 and is headquartered in Navi Mumbai, India.
Stock analysis
Tata Teleservices (Maharashtra) Limited (TTML) currently trades at ₹34.82, while our model-based Fair Value estimate is ₹25.70, 26.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹27.73 per share, and 2 of the 12 models we run sit above the ₹34.82 price.
Bear case: the Growth DCF group reads lowest at ₹12.17, and 10 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹15.12 (bear) to ₹35.25 (bull), the price of ₹34.82 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tata Teleservices (Maharashtra) Limited reported revenue of ₹11.6B in FY2026 versus ₹10.9B in FY2022, a compound +1.5%/yr. Reported net income was −₹2.2B in FY2026.
Key figures
Market cap ₹68.2B (≈ $708M) · P/E ratio 183.3 · P/S ratio 5.78 · EPS (TTM) ₹0.1900 · Net margin −18.6% · Return on assets (EBIT) 38.9% · Operating margin 43.7% · Revenue (TTM) ₹11.8B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 36% fair-value upside, at −26%, TTML screens richer than that median.
Fair Value models
All 12 models by family
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Set up alert →Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 32
Revenue & earnings trend
Growth Forecast
TTML screens overvalued: fair value 26% below the price. Compare with China Mobile Limited →
Compare Tata Teleservices (Maharashtra) Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Telecom Services · 231 stocks
Valuation Multiplesvs Telecom Services median · lower = cheaper
Context: sector, industry, market
- Is the Communication Services sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Communication Services
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Telecom Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Mobile Limited 80941 | HK$67.30 | HK$114.85 | +71% |
| Verizon Communications Inc VZ | $45.87 | $70.27 | +53% |
| T-Mobile US, Inc TMUS | $162.98 | $272.88 | +67% |
| AT&T Inc T | $24.48 | $51.11 | +109% |
| Bharti Airtel Limited BHARTIARTL | ₹1,741 | ₹1,883 | +8% |
| China Telecom Corporation 601728 | ¥6.16 | ¥8.36 | +36% |
| Saudi Telecom Company 7010 | 43.22 SAR | 41.80 SAR | −3% |
| Singapore Telecommunications Limited Z74 | 4.28 SGD | 2.16 SGD | −50% |
| Swisscom AG SCMN | CHF 657.00 | CHF 505.18 | −23% |
| Telstra Group TLS | A$4.78 | A$4.43 | −7% |
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Key figures of Tata Teleservices (Maharashtra) Limited
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