TTML

Tata Teleservices (Maharashtra) Ltd.

NSE: TTML

BSE: 532371

Sector: Telecommunication

Industry Group: Telecom - Services

Industry: Telecom - Cellular & Fixed line services

42.77-0.3 (-0.70%)

3 Jul, 3:30 PM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

61.4 / 100

Value Score

1.8 / 100

Price Momentum Score

22.9 / 100

QVM Score

12.1 / 100

Key Metrics

Market Cap

8427.69

P/E (TTM)

P/B

P/S (TTM)

7.26

EV/EBITDA

29.11

CAPE (5Y)

ROE (TTM)

ROCE (TTM)

ROA (TTM)

-16.28

Avg 3Y ROE

Earnings 3Y CAGR

42.71

Sales 3Y CAGR

1.60

Sales 5Y CAGR

2.14

Debt/Equity

Consensus TP

Strong Buy %

Promoter Holding

74.36

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Tata Teleservices (Maharashtra) Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

High and improving operating margin

The company reported strong operating margin of 42.95% for 12-month ended 31 Mar 2026 and operating margin improved by 1047 bps from 1 year ago

What is Operating profit margin?

Strong EPS growth and above median growth of industry

The company delivered strong EPS growth of 83.12% for 12-month ended 31 Mar 2026 and the growth was 90.19 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Negative

Stock is fairly expensive with negative EPS on a trailing 12-month basis

Earnings yield of -2.55% indicates that the stock is very expensive and has a negative EPS on a trailing 12-month basis

What is Earnings yield (E/P)?

Weak price momentum

Price Momentum score of 22.9 indicates that the stock has weak price momentum. Research has shown that stocks with lower momentum continue to underperform in the near term

What is Price Momentum score?

22.9 / 100

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of -11.3% for 12-month ended 31 Mar 2026 and the growth was 14.29 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 2.99

Value -11.3

-12.2937.01

Low dividend yield

The company has a low dividend yield of 0.0%

What is Dividend yield?

Neutral

Company's earnings are of moderate quality

Earnings quality score of 30.4 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

30.4 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Tata Teleservices (Maharashtra) Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Tata Teleservices (Maharashtra) Ltd. Shareholding Pattern

Quarterly breakdown of Tata Teleservices (Maharashtra) Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Total Promoter	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36
Indian Promoter	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36	74.36
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	0.00	0.00	0.00	0.00	0.01	0.01	0.17	0.81	1.59	2.38	2.37	2.22	2.21	2.08	2.28	2.31	2.52	2.45	2.48	2.44	2.66	2.94	2.77	2.78	2.76
Mutual Funds / UTI	-	-	-	-	-	-	-	0.02	0.00	0.04	0.05	0.04	0.04	0.05	0.06	0.05	0.06	0.07	0.08	0.09	0.11	0.11	0.12	0.13	0.16
FI/Bank/Insurance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01
Govt	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	0.00	0.00	0.01	0.01	0.16	0.79	1.59	2.34	2.32	2.18	2.16	2.03	2.23	2.26	2.46	2.38	2.39	2.34	2.54	2.81	2.64	2.64	2.60
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-Institution	25.63	25.64	25.64	25.64	25.63	25.62	25.47	24.83	24.05	23.26	23.26	23.41	23.42	23.55	23.36	23.33	23.12	23.19	23.16	23.20	22.98	22.70	22.87	22.87	22.87
Bodies Corporate	0.97	0.93	0.83	0.79	0.73	0.79	0.65	0.63	0.53	0.52	0.48	0.53	0.49	0.49	0.62	0.73	0.69	0.73	0.70	0.64	0.63	0.63	0.57	0.51	0.54
Others (incl. Retail) No. of shareholders	24.66 3,21,533	24.71 3,31,644	24.81 3,32,260	24.85 3,68,056	24.90 3,97,907	24.83 4,21,145	24.82 4,95,417	24.20 6,57,927	23.52 7,91,130	22.74 8,18,453	22.78 8,51,462	22.88 8,35,808	22.93 8,35,964	23.06 8,26,301	22.74 8,19,970	22.60 8,07,279	22.43 8,19,083	22.46 8,15,828	22.46 10,16,888	22.56 10,43,309	22.35 10,36,784	22.07 10,37,710	22.30 10,09,630	22.36 9,88,683	22.33 9,60,525

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	Nifty Smallcap 250	0.11%	243 / 249
2	Nifty Total Market	0.01%	643 / 749
3	Nifty 500	0.01%	478 / 499

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Tata Teleservices (Maharashtra) Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
Ishares Core Emerging Markets Mauritius Co	11 Oct 2022	sell	₹ 102.55	13.40 lac	₹ 13.74 cr
Ishares Core Msci Emerging Markets Etf	11 Oct 2022	buy	₹ 102.55	13.40 lac	₹ 13.74 cr
Ishares India Sc Mauritius Company	11 Oct 2022	sell	₹ 102.55	1.99 lac	₹ 2.04 cr
Ishares Msci India Small-Cap Etf	11 Oct 2022	buy	₹ 102.55	1.99 lac	₹ 2.04 cr
Ishares Core Emerging Markets Mauritius Co	03 Oct 2022	sell	₹ 103.40	8.92 lac	₹ 9.22 cr
Ishares Core Msci Emerging Markets Etf	03 Oct 2022	buy	₹ 103.40	8.92 lac	₹ 9.22 cr
Ishares India Sc Mauritius Company	03 Oct 2022	sell	₹ 103.40	1.32 lac	₹ 1.37 cr
Ishares Msci India Small-Cap Etf	03 Oct 2022	buy	₹ 103.40	1.32 lac	₹ 1.37 cr
Ishares Core Emerging Markets Mauritius Co	19 Sep 2022	sell	₹ 118.25	7.72 lac	₹ 9.13 cr
Ishares Core Msci Emerging Markets Etf	19 Sep 2022	buy	₹ 118.25	7.72 lac	₹ 9.13 cr

Corporate Actions

History of Tata Teleservices (Maharashtra) Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Others
Ex-date: 11th Jul 2019Announced on: 1st Jul 2019
"Demerger of Consumer Mobile Business of Tata Teleservices Maharashtra Limited into Bharti Airtel Limited . The Demerged company shall pay each share holder 1 e…
Bonus2 new shares for 15 existing shares
Ex-date: 7th Aug 2013Announced on: 21st Jun 2013
Rights Issue(19 new shares @ ₹17 for 100 existing shares)
Ex-date: 19th Oct 2006Announced on: 17th Oct 2006
Rights issue of 288911242 securities Nominal value: Rs. 10 Premium per equity: Rs. 7

Company Profile

Overview of Tata Teleservices (Maharashtra) Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Tata Teleservices (Maharashtra) Limited is engaged in the business of providing telecommunication services. The Company, equipped with Unified Licenses (UL)-access service authorization for 17 License Service Area (LSA), caters to the regions of Maharashtra and Goa. It operates under the brand name ...

Key personnel

Mr. Shinu Mathai

Chief Financial Officer

Mr. Amit Gupta

Compliance Officer, Company Secretary

Mr. Hiten Koradia

Senior Manager - Secretarial

Mr. Amur Swaminathan (Lakshmi) LakshminarayananD

Non-Executive Non-Independent Chairman of the Board

Mr. Harjit SinghD

Managing Director, Executive Director

Nalin RanaD

Non-Executive Non-Independent Director

Dr. Narendra Damodar Jadhav, Ph.D.D

Non-Executive Independent Director

Dr. Vaijayanti Ajit PanditD

Additional Non-Executive Independent Director

View all

Incorporated on

13 Mar 1995

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

396

IPO date

20 Sep 2000

Free Float

50,12,55,400

Website

https://www.tatatelebusiness.com/aboutus-ttml/

Phone no.

+912266615111

Address

D-26, TTC Industrial Area, MIDC Sanpada P.O. Turbhe, NAVI MUMBAI, 400703, India

Frequently Asked Questions

What is the current share price of Tata Teleservices (Maharashtra) Ltd.?

The current share price of Tata Teleservices (Maharashtra) Ltd. is ₹ 42.77 as of 3 Jul 2026.

What is the market capitalisation of Tata Teleservices (Maharashtra) Ltd.?

The market capitalisation of Tata Teleservices (Maharashtra) Ltd. stands at ₹ 8,427.69 Cr.

What is the PE ratio of Tata Teleservices (Maharashtra) Ltd.?

The Price-to-Earnings (PE) ratio of Tata Teleservices (Maharashtra) Ltd. is - as of the latest trailing twelve months data.

What is the ROE and ROCE of Tata Teleservices (Maharashtra) Ltd.?

Tata Teleservices (Maharashtra) Ltd. has a Return on Equity (ROE) of - and a Return on Capital Employed (ROCE) of - as per the latest financial reports.

What is the 52-week high and low of Tata Teleservices (Maharashtra) Ltd.?

The 52-week high of Tata Teleservices (Maharashtra) Ltd. is - and the 52-week low is -.

What is the dividend yield of Tata Teleservices (Maharashtra) Ltd.?

The dividend yield of Tata Teleservices (Maharashtra) Ltd. is 0.00% based on the current market price.

What is the FII and DII holding in Tata Teleservices (Maharashtra) Ltd.?

Foreign Institutional Investors (FII) hold 2.60%, Domestic Institutional Investors (DII) hold 0.17% and retail/public investors hold 22.33% of Tata Teleservices (Maharashtra) Ltd. shares.

What sector does Tata Teleservices (Maharashtra) Ltd. belong to?

Tata Teleservices (Maharashtra) Ltd. operates in the Telecommunication sector.

What is the beta of Tata Teleservices (Maharashtra) Ltd.?

The beta of Tata Teleservices (Maharashtra) Ltd. is 1.35, indicating its price volatility relative to the broader market. Over the past 1 year, Tata Teleservices (Maharashtra) Ltd. has delivered an absolute return of -32.24%.

What is the RSI of Tata Teleservices (Maharashtra) Ltd.?

The 14-day Relative Strength Index (RSI) of Tata Teleservices (Maharashtra) Ltd. is 48.30, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Tata Teleservices (Maharashtra) Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Tata Teleservices (Maharashtra) Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Holdings and Presence

Company Profile

Corporate Actions