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Tata Teleservices (Maharashtra) Ltd. Stock Analysis

Small Cap
Evaluated by 1090 users | BSE: 532371 | NSE: TTML |
Telecommunication - Service Provider
Tata Teleservices Maharashtra (TTML) is a part of the Tata Group. This telecom services company has its presence all over Maharashtra and Goa. Earlier, the company was known as Hughes Telecom (India), which was incorporated in March 1995. Later in February 2003 it was renamed as Tata...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tata Teleservices (Maharashtra) Ltd. has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -8.99%-3.64%-5.9%-3.83%-3.74%1.67%-15.79%-149.22%2.64%-206.79%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,2492,4882,6352,7312,8932,9722,7031,8691,2771,078
Y-o-Y Gr. Rt.-10.7%5.9%3.7%5.9%2.7%-9.1%-30.9%-31.7%-15.6%
Adjusted EPS (Rs.) -2.96-2.73-3.45-2.87-3.15-1.93-11.85-50.17-5.36-10.54
Y-o-Y Gr. Rt.-NANANANANANANANANA
Book Value per Share (Rs.) -3.25-5.98-9.45-12.04-15.18-20.39-30.23-77.54-75.81-89.41
Adjusted Net Profit -561-518-654-561-617-378-2,317-9,807-1,047-2,061
Net Op. Cash Flow (Rs. Cr.) 231266299709636766730603-734-360
Debt to Cash Flow from Ops 20.1720.4820.919.211.6515.2122.2227.38-22.54-46.43
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Tata Teleservices (Maharashtra) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -7.9%-17.9%-26.4%-15.6%
Adjusted EPS NANANANA
Book Value per Share 0000
Share Price -7.4% 1.4% -1% 163.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 87.5259.2144.6727.0423.1810.8646.8493.16.9812.76
Operating Profit Margin (%) -0.2221.2917.3615.2220.5324.1224.23.3616.5138.96
Net Profit Margin (%) -24.96-20.83-24.81-20.52-21.31-12.7-85.74-524.87-81.97-191.26
Debt to Equity -7.55-4.8-3.48-2.77-2.5-2.92-2.75-1.09-1.12-0.96
Working Capital Days 115129143150180181163232593627
Cash Conversion Cycle -126-82-65-61-63-69-64-103-136-77
Entity Percentage Holding
Promoters 74.36%
Non-Institutions 25.64%
Pledged *34.9734.9734.970.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Tata Teleservices (Maharashtra) Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Tata Teleservices (Maharashtra) Ltd. is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Tata Teleservices (Maharashtra) Ltd.'s performance infers:

Tata Teleservices (Maharashtra) Ltd. earnings have grown by 0%, whereas share price has appreciated 1.4% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Tata Teleservices (Maharashtra) Ltd. share prices over the last 10 years. Here is what we found out:

Tata Teleservices (Maharashtra) Ltd. share price has appreciated -9.4% annually over the past ten years.

Tata Teleservices Maharashtra (TTML) is a part of the Tata Group. This telecom services company has its presence all over Maharashtra and Goa. Earlier, the company was known as Hughes Telecom (India), which was incorporated in March 1995. Later in February 2003 it was renamed as Tata Teleservices Maharashtra (TTML)

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Tata Teleservices Maharashtra (TTML) is a part of the Tata Group. This telecom services company has its presence all over Maharashtra and Goa. Earlier, the company was known as Hughes Telecom (India), which was incorporated in March 1995. Later in February 2003 it was renamed as Tata Teleservices Maharashtra (TTML)

TTML provides a range of telephony services such as mobile, fixed wireless phones (FWP), public telephone booths & wireline services. Its suite of broadband data network and application services include leased lines, DSL, Wi-Fi, Ethernet, Managed Gateway services & Web Conferencing services. It stands at the fourth position in areas of operation.

“Virgin Mobile” branded services are being offered by Tata Teleservices Maharashtra (TTML) and  Tata Teleservices (TTSL) in order to attract Indian youth.

During March 2008, Tata Teleservices Maharashtra crossed the 5 million subscribers mark. In October 2009, Tata Teleservices Maharashtra crossed the 10 million subscribers mark. In November 2010, TTML become the first private operator to launch its 3G services in the ‘Rest of Maharashtra’ telecom circle.

In March 2011, Tata Teleservices (Maharashtra) and Jet Airways, India’s leading airline, have entered into an exclusive partnership to offer something unique for members of JetPrivilege, Jet Airways’ award-winning Frequent Flyer Program.

In 2013- Tata DOCOMO, entered into an exclusive partnership with GMR Airports, a global leader in creating world class private Airport infrastructure, to offer high-speed Wi-Fi services at Indira Gandhi International Airport - Terminal 3 in Delhi and Rajiv Gandhi Hyderabad International Airport, Hyderabad.

Products and Services

The company is focusing on penetrating the market to increase its presence. In the wireless/mobile segment it has a subscriber base of 46.80 lakh. It has introducing new handsets at attractive prices and special tariff plans .

It has entered into an roaming agreement with Tata Teleservices (TTSL) that will offer services in 18 other telecom circles, due to which subscribers can enjoy pan-India mobility.

The company has opened True Value Shops, its franchisee models, which gives a platform to display its products and services.

It also has a web-based online retail store called ‘i-Choose’. This enables a customer to buy a handset with options to choose a tariff plan and has an online payment facility.

TTML has also started CDMA wireless services in 208 new towns in Maharashtra and Goa.

It has also launched USB plug-to-surf modems catering to laptop and desktop users.

Milestones

     2010

  • TATA DOCOMO Launches GSM Services in RajasthanTata Teleservices, Future Group Launch T24 GSM Mobile ServiceTata Teleservices Unveils Tata Walky FMTATA DOCOMO Launches GSM Services in Himachal PradeshTATA DOCOMO Launches GSM Mobile Services in GujaratTATA DOCOMO Partners with GemaltoHTC & Tata DOCOMO Launch HTC 7 Mozart Tata Indicom launches First BlackBerry Bold Smartphone for CDMA    v  Subscribers in India Industry-first ‘ULTA PLAN’ for Pre-paid Users TTSL Launches Photon Wi-Fi Pocket Router
  • 2011Tata DOCOMO Introduces 3G Wi-Fi HubTICET Launches Mobile Social Networking Platform, Enabling Targeted AdvertisingTTL Launches 'Tata Photon on Rev.B'
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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