Is Tata Teleservices (Maharashtra) Ltd (TTML) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tata Teleservices (Maharashtra) Ltd is a average quality company .

Is Tata Teleservices (Maharashtra) Ltd (TTML) undervalued or overvalued?

The key valuation ratios of Tata Teleservices (Maharashtra) Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Tata Teleservices (Maharashtra) Ltd (TTML) share price return in the past 10 years?

Tata Teleservices (Maharashtra) Ltd share price has appreciated 21.1% annually (CAGR) over the past ten years.

Is Tata Teleservices (Maharashtra) Ltd (TTML) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Tata Teleservices (Maharashtra) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

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

Company share prices are keep on changing according to the market conditions. The current trading price of Tata Teleservices (Maharashtra) Ltd (TTML) on 17-Apr-2026 16:59:59 at 16:59 is 45.65.

What is the P/E ratio of Tata Teleservices (Maharashtra)?

The latest standalone P/E ratio of Tata Teleservices (Maharashtra) as of 17-Apr-2026 is 0.00.

What is the P/B ratio of Tata Teleservices (Maharashtra) Ltd (TTML)?

The latest standalone P/B ratio of Tata Teleservices (Maharashtra) Ltd (TTML) as of 17-Apr-2026 is -0.44.

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

The 52-week high of Tata Teleservices (Maharashtra) Ltd (TTML) is Rs. 81.16 and the 52-week low is Rs. 30.12.

Tata Teleservices (Maharashtra) Ltd (TTML) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Tata Teleservices (Maharashtra) Ltd (TTML)
Brand: Tata Teleservices (Maharashtra)

Key Metrics

Market Cap

₹8,924 Cr.

P/E Ratio

0.00

Price to Book (P/B)

-0.44

Price to Sales (P/S)

7.61

EV/EBITDA

47.18

Return on Capital Employed (ROCE)

56.84%

Current Price

₹45.7

Return on Equity (ROE)

0.00%

Return on Assets (ROA)

-97.70%

Operating Profit Margin

43.7%

Net Profit Margin

-97.5%

Gross Profit Margin

-84.7%

Book Value per Share

₹-104.2

Sales Growth (YoY)

9.77%

Sales Growth (3 Years)

6.14%

Operating Profit Growth (1 Year)

8.22%

Operating Profit Growth (3 Years)

6.87%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹30 / 81

Net Profit Growth (3 Years)

N/A%

Dividend Yield

0.00%

Promoter Holding

74.36%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Tata Teleservices (Maharashtra) Ltd?

Tata Teleservices (Maharashtra) Ltd revenue growth is 9.8% for FY-2025 , which is above its 5 year CAGR of 4% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Tata Teleservices (Maharashtra) Ltd?

Promoters hold 74.36% of the Tata Teleservices (Maharashtra) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Tata Teleservices (Maharashtra) Ltd vs industry peers?

Tata Teleservices (Maharashtra) Ltd revenue CAGR is 3.95% , compared to the industry median CAGR of 1.67% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Tata Teleservices (Maharashtra) Ltd belong to?

Tata Teleservices (Maharashtra) Ltd belongs to the Telecom sector, operating specifically within the Telecommunication - Service Provider segment.

Q.1 Stock return of Tata Teleservices (Maharashtra) Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 21.3% based on the current price.

DeciZen - make an informed investing decision on Tata Teleservice(Mah

Based on:

Data

Overall Rating ⓘ
Login to view analysis.

1. Quality

2. Valuation ⓘ

3. Price Trend

Tata Teleservices (Maharashtra) stock performance

Key Ratios

Is Tata Teleservices (Maharashtra) Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	5.4%	-12%	-154.2%	82.7%	-457.8%	-542.6%	35.8%	43.5%	53.4%	56.8%	-
Value Creation Index ⓘ	NA	NA	NA	NA	NA	NA	NA	NA	NA	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,972	2,703	1,869	1,277	1,078	1,044	1,094	1,106	1,192	1,308	1,173
Sales YoY Gr.	-	-9.1%	-30.9%	-31.7%	-15.6%	-3.2%	4.8%	1.1%	7.7%	9.8%	-
Adj EPS ⓘ	-1.9	-11.9	-50.2	-5.4	-10.5	-7.4	-6.2	-5.9	-6.3	-6.5	-5.6
YoY Gr.	-	NA	NA	NA	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	-20.4	-30.2	-77.5	-75.8	-89.4	-94.6	-96.3	-97.5	-98.5	-100.1	-104.2
Adj Net Profit ⓘ	-378	-2,317	-9,807	-1,047	-2,060	-1,453	-1,219	-1,147	-1,234	-1,279	-1,103
Cash Flow from Ops. ⓘ	766	730	603	-734	-360	567	530	558	587	505	-
Debt/CF from Ops. ⓘ	15.2	22.2	25.8	-22.5	-46.4	34.3	37.2	35.5	34	40.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-8.7%	4%	6.1%	9.8%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	NA	NA	NA	NA
Share Price	21.1%	31.1%	-9.9%	-23.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	10.9	46.8	93.1	7	12.8	8.1	6.5	6.1	6.4	6.6	5.5
Op. Profit Mgn % ⓘ	24.1	24.2	3.4	16.5	39.2	46.9	42.8	44.5	44.3	43.7	51.7
Net Profit Mgn % ⓘ	-12.7	-85.7	-524.9	-82	-191.1	-139.2	-111.4	-103.7	-103.6	-97.8	-94
Debt to Equity ⓘ	-2.9	-2.8	-1	-1.1	-1	-1.1	-1.1	-1	-1	-1	-
Working Cap Days ⓘ	181	163	218	229	219	216	163	131	115	106	41
Cash Conv. Cycle ⓘ	-64	-58	-79	-95	-76	-106	-84	-70	-72	-58	-1,573

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-5.6	0.4
TTM Sales (₹ Cr.)	1,173	2,266
BVPS (₹) ⓘ	-104.2	0
Reserves (₹ Cr.) ⓘ	-22,321	-2,514
P/BV ⓘ	-0.44	0.00
PE ⓘ	0.00	111.23

From the Market
52 Week Low / High (₹)	30.12 / 81.16
All Time Low / High (₹)	1.80 / 291.05
Market Cap (₹ Cr.)	8,924
Equity (₹ Cr.)	1,954.9
Face Value (₹)	10
Industry PE ⓘ	42.3

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Tata Teleservice(Mah - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	2,972	2,703	1,869	1,277	1,078	1,044	1,094	1,106	1,192	1,308
Operating Expenses ⓘ +	2,256	2,126	1,878	1,078	656	555	626	614	664	737
Manufacturing Costs	1,674	1,191	879	675	503	447	484	502	535	604
Material Costs	32	8	2	0	0	0	0	0	0	0
Employee Cost	120	126	103	65	59	49	55	62	71	83
Other Costs ⓘ	430	802	893	339	94	58	87	50	58	50
Operating Profit ⓘ	716	576	-9	199	422	489	468	493	527	571
Operating Profit Margin (%)	24.1%	21.3%	-0.5%	15.6%	39.1%	46.8%	42.8%	44.5%	44.3%	43.6%
Other Income ⓘ +	69	104	211	533	35	24	17	17	16	16
Exceptional Items ⓘ	0	-959	-7,942	331	-2,430	-780	0	-5	0	0
Interest ⓘ	684	1,282	1,569	1,554	1,545	1,561	1,539	1,502	1,622	1,694
Depreciation ⓘ	460	796	533	178	195	169	160	147	150	168
Profit Before Tax ⓘ	-358	-2,356	-9,842	-668	-3,714	-1,997	-1,215	-1,145	-1,228	-1,275
Tax ⓘ	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-358	-2,356	-9,842	-668	-3,714	-1,997	-1,215	-1,145	-1,228	-1,275
PAT Margin (%)	-12.1%	-87.2%	-526.0%	-52.3%	-344.0%	-191.0%	-111.0%	-103.0%	-103.0%	-97.5%
Adjusted EPS (₹)	-1.8	-12.1	-50.3	-3.4	-19.0	-10.2	-6.2	-5.9	-6.3	-6.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	-3,986	-5,909	-15,159	-14,820	-17,479	-18,491	-18,832	-19,055	-19,253	-19,570
Share Capital ⓘ	1,955	1,955	1,955	1,955	1,955	1,955	1,955	1,955	1,955	1,955
Reserves ⓘ	-5,941	-7,864	-17,114	-16,775	-19,434	-20,446	-20,787	-21,009	-21,208	-21,525
Debt +	10,659	14,968	13,169	12,639	10,477	12,987	13,780	11,531	14,035	11,821
Long Term Debt	7,245	10,662	7,862	5,708	6,138	9,869	10,711	10,027	12,957	10,865
Short Term Debt	3,414	4,305	5,306	6,931	4,338	3,118	3,069	1,504	1,078	956
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	608	521	482	209	291	259	224	209	267	211
Others Liabilities ⓘ	2,181	2,326	4,888	6,502	8,426	6,755	6,193	8,525	6,258	8,842
Total Liabilities ⓘ	9,462	11,906	3,380	4,531	1,714	1,509	1,365	1,211	1,307	1,304
Fixed Assets
Net Fixed Assets ⓘ +	5,393	9,937	847	718	894	830	779	740	788	798
Gross Block	10,098	16,361	3,761	3,556	3,914	3,987	3,958	3,863	3,875	4,026
Accumulated Depreciation	4,705	6,424	2,914	2,838	3,020	3,157	3,179	3,122	3,087	3,228
CWIP ⓘ	2,246	27	27	26	39	29	28	34	59	35
Investments ⓘ	592	680	378	609	0	70	101	66	34	58
Inventories	5	2	0	0	0	0	0	0	0	0
Trade Receivables	291	227	158	89	122	78	121	110	156	145
Cash Equivalents	67	37	39	171	85	43	17	14	32	42
Others Assets ⓘ	868	997	1,932	2,917	575	458	319	246	237	226
Total Assets ⓘ	9,462	11,906	3,380	4,531	1,714	1,509	1,365	1,211	1,307	1,304

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	766	730	603	-734	-360	567	530	558	587	505
PBT ⓘ	-358	-2,356	-9,842	-668	-3,714	-1,997	-1,215	-1,145	-1,228	-1,275
Adjustment ⓘ	1,247	3,094	10,203	938	3,478	2,498	1,694	1,636	1,762	1,853
Changes in Working Capital ⓘ	-167	-28	201	-1003	-100	28	39	50	71	-84
Tax Paid ⓘ	44	20	41	-1	-24	38	12	17	-18	11
Cash Flow From Investing Activity ⓘ +	-1,183	-2,198	259	-101	510	-177	-130	-66	-65	-109
Capex	-607	-2,131	-77	-127	-109	-110	-104	-109	-104	-92
Net Investments	-575	-67	327	-203	619	-68	-28	41	39	-18
Others ⓘ	-0	0	10	228	0	2	2	3	-0	1
Cash Flow From Financing Activity ⓘ +	434	1,041	-860	967	-237	-432	-427	-494	-503	-386
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	701	287	-6,646	0	0	0	0	0	-110	198
Interest Paid ⓘ	-689	-812	-1,007	-2,014	-619	-365	-296	-416	-453	-400
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	422	1,566	6,793	2,982	382	-68	-130	-79	60	-184
Net Cash Flow ⓘ	18	-427	2	132	-87	-42	-26	-2	18	10

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	0.38	0.25	0.24	0.32	0.35	0.65	0.76	0.86	0.95	1
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	30	35	38	35	36	35	33	38	41	42
Inventory Days	1	0	0	0	0	0	0	0	0	0
Payable Days	7,073	0	0	0	0	0	0	0	0	0

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Tata Teleservices (Maharashtra) Ltd FAQs

The current trading price of Tata Teleservice(Mah on 17-Apr-2026 16:59 is ₹45.65.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Tata Teleservice(Mah stood at ₹8,924.3 Cr

The latest P/E ratio of Tata Teleservice(Mah as of 16-Apr-2026 is 0.00.

The latest P/B ratio of Tata Teleservice(Mah as of 16-Apr-2026 is -0.44.

The 52-week high of Tata Teleservice(Mah is ₹81.16 and the 52-week low is ₹30.12.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Teleservice(Mah is ₹1,173 ( Cr.) .

About Tata Teleservices (Maharashtra) Ltd

Tata Teleservices (Maharashtra) (TTML) is a leading player in the connectivity and communication solutions market serving enterprise customers. With services ranging from connectivity, collaboration, cloud, security, IoT and marketing solutions, it offers a comprehensive portfolio of ICT services for businesses in India under the brand name Tata Tele Business Services (TTBS). TTBS provides integrated telecom solutions to enterprises that go beyond the purview of connectivity into offering one-stop-shop business solutions and managed services. The solutions allow enterprises to be resilient and maintain business continuity in a flexible, scalable and secure manner. It follows a progressive approach of partnering with Small & Medium Businesses (SMBs) as their trusted technology enabler, empowering them with a comprehensive portfolio of connectivity and digital solutions. Delivering customer delight with solutions through a deeper understanding of unique customer needs makes TTML one of the most reliable telecom service providers.

Business area of the company

The company is engaged in providing telecommunication services under Unified License. The company provides telecommunication services only in the Indian domestic market.

Smart Digital Solutions

Network & Connectivity

Internet Leased Line
Smart WAN
Broadband
Business Wi-Fi
P2P Leased Line
Ultra-LOLA

Business Communication

Integrated Solutions
Inbound Communications
Outbound & Marketing Communications

Managed Services

Security Solutions

Awards and accolades

2014-15

ET Telecom Award for Excellence in Energy Management.
QualTech Award for Sustainability in 26th Qimpro Convention.
Voice & Data Telecom Leadership Award for Energy Management.

2018-19

CII Award for Customer Obsession.
TelecomLead Innovation Leader Award for SmartOffice
International Echo Awards for Meet4Solutions (Digital Platform).
Global Marketing Excellence Award for Excellence in Content Marketing.
Prestigious Brands of India Award - B2B Telecom Service Provider.

2019-20

The Company won the Digital Marketing award for “Marketing to Unique Audience” in B2B sector at the e4M Indian Marketing Awards 2019.
International Echo Awards for Meet4Solutions (Digital Platform) in 2019
Global Marketing Excellence Award for Excellence in Content Marketing.

2020-21

CIO Select Award Integrated Telco-grade Cloud Communication Suite – Smartflo 2021
Digital Terminal Awards Best Enterprise Service Provider Brand 2020
Telecom Lead Innovation Leaders SmartOffice 2019
CII Customer Obsession Award Customer Engagement 2019
e4M Indian Marketing Awards Marketing to Unique Audience in B2B sector 2019
International Echo Awards Meet4Solutions (Digital Platform) 2018

2021-22

ET Telecom Award for Enterprise Service Provider of the Year 2022
CIO Select Product Award for Integrated Telco-grade Cloud Communication Suite - Smartflo 2021
CII Customer Obsession Award for Active Customer Engagement 2021
Innovation & Technology (Inn-Tech) Award for Gold for Best Product Innovation – Smartflo 2021
SME Chamber of India Award for Best Corporate of the Year for Empowering SMEs 2021

2022-23

ET Telecom Award 2023 for Best Enterprise Service Provider of the Year
Silver Feather Awards 2022 for Best Service Provider of the Year
Microsoft Cloud Champion 2023 for Modern Workplace Category
ET Telecom Award 2023 for Best Digital Transformation of the Year – Smartflo
National Awards for Leadership & Excellence in Branding & Marketing 2022
Digital Terminal Award 2022
Stevie Asia Pacific Award 2022
Unlocked Business Excellence Award 2022

2023-24

CII DX Award for Best Practice in Digital Transformation
Voice & Data Telecom Award for Best in Business Process Innovation
E4M Martech Award for Best Use of Martech in CX
CX Innovation & Tech Award for Best Innovation
Unlocked Award for Best New Product Smart Internet
Unlocked Award for Best Enterprise Product Smartflo
ET Future Ready Organisation Award
Customer Fest Leadership Award

2024-25

ET Telecom Awards 2025 for Enterprise Digital Transformation of the Year
ET Telecom Awards for Best Customer Service
Customer Fest Award for Best use of Innovation to Enhance Customer Experience eNXT
National Feather Awards for Innovation in Customer Care Telecom Sector
Unlocked Awards for Best use of Technology for Customer Service eNXT
ET Telecom Awards 2025 for Best Brand Awareness
vIDEA Award for Video Campaign Azaadi Kuch Bada Karne Ki
Unlocked Award for Best B2B Campaign Dreams Se No Samjhauta
e4m Martech India Awards for Best use of Martech for Sales Enablement and for Best use of Martech B2B
Bharat CSR & Sustainability Summit Award for Best Workplace CSR Practice Award
Social Star Award for Best Integrated Campaign Dreams Se No Samjhauta and for Best B2B Campaign IT Professionals Day
ET DG+ Awards for Best B2B Campaign Dreams Se No Samjhauta
DOD Awards for Best B2B Digital Campaign Empowering and for Businesses to Do Big
e4m Performance Marketing Awards for Best B2B Campaign

To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Tata Teleservices (Maharashtra) Ltd (TTML) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Tata Teleservice(Mah Share Price