Tata Teleservices (Maharashtra) Ltd - Stock Valuation and Financial Performance

BSE: 532371 | NSE: TTML | Telecommunication - Service Provider | Small Cap

Tata Teleservice(Mah Share Price

78.38 -2.58 -3.19%
as on 12-Apr'24 16:59

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

Overall Rating
Bole Toh

1. Quality

2. Valuation


3. Price Trend

Tata Teleservices (Maharashtra) stock performance -

mw4me loader
P/E Ratio (SA):
Market Cap:
15,322.7 Cr.
52-wk low:
52-wk high:

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

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

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

2. Is Tata Teleservices (Maharashtra) Ltd 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 Fair zone.

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

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

10 Year X-Ray of Tata Teleservice(Mah:

Analysis of Financial Track Record

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

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

Value Creation Index Colour Code Guide

ROCE % -3.8%-3.7%1.7%-15.8%-162.3%3.8%-206.4%-448.6%-15.6%-12.1%-
Value Creation

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,7312,8932,9722,7031,8691,2771,0781,0441,0941,1061,148
Sales YoY Gr.-5.9%2.7%-9.1%-30.9%-31.7%-15.6%-3.2%4.8%1.1%-
Adj EPS -2.9-3.2-1.9-11.9-50.2-5.4-10.5-7.4-6.2-5.9-6.1
BVPS (₹) -12-15.2-20.4-30.2-77.5-75.8-89.4-94.6-96.3-97.5-102.2
Adj Net
Cash Flow from Ops. 709636766730603-734-360567530558-
Debt/CF from Ops. 9.211.715.222.225.8-22.5-46.434.337.235.5-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -9.6%-10%0.9%1.1%
Share Price 25% 90.4% 88% 25.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on
Equity %
Op. Profit
Mgn %
Net Profit
Mgn %
Debt to
Working Cap
Cash Conv.

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 6.10%

Sales growth has been subdued in last 3 years 0.87%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 4.54%

Latest Financials - Tata Teleservices (Maharashtra) Ltd.

Standalone Consolidated
TTM EPS (₹) -6.1 0.4
TTM Sales (₹ Cr.) 1,148 2,266
BVPS (₹.) -102.2 0
Reserves (₹ Cr.) -21,929 -2,514
P/BV -0.77 0.00
PE 0.00 190.99
From the Market
52 Week Low / High (₹) 59.80 / 109.10
All Time Low / High (₹) 1.80 / 291.05
Market Cap (₹ Cr.) 15,323
Equity (₹ Cr.) 1,954.9
Face Value (₹) 10
Industry PE 82.8

Management X-Ray of Tata Teleservice(Mah:

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

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Analyst's Notes

Key Ratios of Tata Teleservice(Mah

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Operating Expenses 2,3202,3002,2562,1261,8781,078656555626614
Manufacturing Costs1,6121,7331,6741,191895675503447484457
Material Costs1846328200000
Employee Cost 1731591201261036559495562
Other Costs 51836343080287833994588795
Operating Profit 411593716576-9199422489468493
Operating Profit Margin (%) 15.0%20.5%24.1%21.3%-0.5%15.6%39.1%46.8%42.8%44.5%
Other Income 203546910421153335241717
Interest 5656516841,2821,5691,5541,5451,5611,5391,502
Depreciation 609611460796533178195169160147
Exceptional Items 000-959-7,942331-2,430-7800-5
Profit Before Tax -560-615-358-2,356-9,842-668-3,714-1,997-1,215-1,145
Tax 0000000000
Profit After Tax -560-615-358-2,356-9,842-668-3,714-1,997-1,215-1,145
PAT Margin (%) -20.5%-21.3%-12.1%-87.2%-526.0%-52.3%-344.0%-191.0%-111.0%-103.0%
Adjusted EPS (₹)-2.9-3.2-1.8-12.1-50.3-3.4-19.0-10.2-6.2-5.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)

Equity and Liabilities

Shareholders Fund -2,353-2,968-3,986-5,909-15,159-14,820-17,479-18,491-18,832-19,055
Share Capital 1,9551,9551,9551,9551,9551,9551,9551,9551,9551,955
Reserves -4,308-4,923-5,941-7,864-17,114-16,775-19,434-20,446-20,787-21,009
Minority Interest0000000000
Long Term Debt4,7145,0107,24510,6627,8625,7086,1389,86910,71110,027
Short Term Debt1,4221,7613,4144,3055,3066,9314,3383,1183,0691,504
Trade Payables712704608521482209291259224209
Others Liabilities 1,1711,5372,1812,3264,8886,5028,4266,7556,1938,525
Total Liabilities 5,6666,0449,46211,9063,3804,5311,7141,5091,3651,211

Fixed Assets

Gross Block8,7939,07110,09816,3613,7613,5563,9143,9873,9583,863
Accumulated Depreciation4,2754,8834,7056,4242,9142,8383,0203,1573,1793,122
Net Fixed Assets4,5184,1885,3939,937847718894830779740
CWIP 38462,24627272639292834
Investments 0059268037860907010166
Trade Receivables2582002912271588912278121110
Cash Equivalents 224967373917185431714
Others Assets8271,5488689971,9322,917575458319246
Total Assets 5,6666,0449,46211,9063,3804,5311,7141,5091,3651,211

Cash Flow

(All Figures are in Crores.)
Cash Flow From Operating Activity 709636766730603-734-360567530558
PBT -560-615-358-2,356-9,842-668-3,714-1,997-1,215-1,145
Adjustment 1,2441,2991,2473,09410,2039383,4782,4981,6941,636
Changes in Working Capital 590-167-28201-1003-100283950
Tax Paid -34-48442041-1-24381217
Cash Flow From Investing Activity -266-785-1,183-2,198259-101510-177-130-66
Capex -323-785-607-2,131-77-127-109-110-104-109
Net Investments 540-575-67327-203619-68-2841
Others 3000102280223
Cash Flow From Financing Activity -5101774341,041-860967-237-432-427-494
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -279466701287-6,64600000
Interest Paid -582-607-689-812-1,007-2,014-619-365-296-416
Dividend Paid 0000000000
Others 3513184221,5666,7932,982382-68-130-79
Net Cash Flow -672818-4272132-87-42-26-2
Asset Turnover Ratio0.460.490.380.250.240.320.350.650.760.86
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days37293035383536353338
Inventory Days1110000000
Payable Days05,2187,0730000000

Tata Teleservices (Maharashtra) Ltd Stock News

Tata Teleservices (Maharashtra) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tata Teleservice(Mah on 12-Apr-2024 16:59 is ₹78.38.
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 12-Apr-2024 16:59 the market cap of Tata Teleservice(Mah stood at ₹15,322.7.
The latest P/E ratio of Tata Teleservice(Mah as of 12-Apr-2024 16:59 is 0.00.
The latest P/B ratio of Tata Teleservice(Mah as of 12-Apr-2024 16:59 is -0.77.
The 52-week high of Tata Teleservice(Mah is ₹109.1 and the 52-week low is ₹59.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Teleservice(Mah is ₹1,148 ( Cr.) .

About Tata Teleservices (Maharashtra) Ltd

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.



  • 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
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