Tata Teleserv(maharastra)
NSE: TTML · Telecom - Cellular & Fixed line services · sector
₹41.53NSE close 2026-10-26
Key numbers
Market cap₹8,119 cr
Price₹41.53
52w high / low₹58 / ₹31
P/E27.1xSector median 27.1x
P/B–Sector median 11.4x
Book value₹-96.8
Dividend yield–Sector median 1.02%
ROE–Sector median 27.9%
ROCE–Sector median 25.9%
OPM110.4%Sector median 40.3%
Debt / equity–Sector median 0.82x
EV/EBITDA–Sector median 14.3x
Interest cover–
Current ratio–
Sales growth 3y+1.6%Sector median +1.2%
Profit growth 3y–Sector median +14.8%
PEG–
Last 12 months to Sep 2026, Standalone. "Sector median" = middle value of 9 companies in Telecom - Cellular & Fixed line services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹39 cr vs borrowings ₹20,663 cr (FY26): borrowings are higher by ₹20,624 cr.
- Borrowings rose in each of the last 3 years (₹19,825 cr → ₹20,663 cr).
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 7 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 3% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹41.53 on 2026-10-26: -28.7% from the 52-week high, +33.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹86.98 · low ₹32.89
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 333 | 308 | 284 | 286 | 294 | 296 | 302 | 310 |
| EBITDA | 150 | 153 | 143 | 140 | 171 | 826 | 165 | 164 |
| OPM % | 45.2% | 49.6% | 50.2% | 48.9% | 58.2% | 279.6% | 54.7% | 53.0% |
| Other income | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Net profit | -315 | -306 | -325 | -321 | -150 | 581 | -72 | -59 |
| EPS (₹) | -1.61 | -1.57 | -1.66 | -1.64 | -0.77 | 2.97 | -0.37 | -0.30 |
| Revenue YoY | -11.6% | -4.1% | +6.1% | +8.2% | ||||
| Profit YoY | – | – | – | – |
Standalone figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,094 | 1,106 | 1,192 | 1,308 | 1,160 | 1,201 |
| EBITDA | 473 | 497 | 535 | 579 | 1,280 | 1,327 |
| Net profit | -1,215 | -1,145 | -1,228 | -1,275 | -215 | 299 |
| EPS (₹) | -6.22 | -5.86 | -6.28 | -6.52 | -1.10 | 1.53 |
| Revenue growth | +1.1% | +7.7% | +9.8% | -11.3% | -0.8% | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +1.6% | +2.1% | -0.9% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -35.7% (2y) | -42.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -19,055 | -19,253 | -19,570 | -19,983 |
| Borrowings | – | 19,825 | 19,954 | 20,342 | 20,663 |
| Cash & equivalents | – | 81 | 67 | 100 | 39 |
| Total assets | – | 1,211 | 1,307 | 1,304 | 1,341 |
| Fixed assets | – | 674 | 659 | 683 | 698 |
| Capital work in progress | – | 29 | 59 | 35 | 28 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 110 | 156 | 145 | 95 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 209 | 267 | 211 | 239 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 532 | 558 | 586 | 505 | 668 |
| Cash from investing | -132 | -66 | -64 | -109 | -91 |
| Cash from financing | -427 | -494 | -503 | -386 | -604 |
| Capex | 108 | 111 | 109 | 99 | 135 |
| Free cash flow | 425 | 447 | 477 | 406 | 532 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 6.0% | 6.4% | 6.5% | 1.1% |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.36% |
| FIIs | 2.43% |
| DIIs | 0.18% |
| of which Mutual funds | 0.17% |
| of which Insurance | 0.01% |
| Government | 0.00% |
| Public (non-institutions) | 23.03% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% |
| Promoter group | % |
|---|---|
| Tata Teleservices Limited | 48.30% |
| Tata Sons Private Limited | 19.58% |
| The Tata Power Company Limited | 6.48% |
| Panatone Finvest Limited | 0.00% |
| Actve Digital Services Private Limited | 0.00% |
| Agratas Energy Storage Solutions Private Limited | 0.00% |
| AI Fleet Services IFSC Limited | 0.00% |
| Air India Express Limited | 0.00% |
| Air India Limited | 0.00% |
| Akashastha Technologies Private Limited | 0.00% |
| APTOnline Limited | 0.00% |
| Ardent Properties Private Limited | 0.00% |
| Arrow Infraestate Pvt Limited | 0.00% |
| Artson Limited | 0.00% |
| Automotive Stampings and Assemblies Limited | 0.00% |
9,30,674 shareholders. Pledged: 0.00% of promoter shares.
Peers in Telecom - Cellular & Fixed line services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BHARTIARTL | ₹11,18,941 cr | 39.1x | 7.5x | 22.0% | 25.9% | 55.1% | +14.9% | 1.02% |
| IDEA | ₹1,29,470 cr | 3.5x | – | – | 51.1% | 174.9% | +2.1% | – |
| BHARTIHEXA | ₹81,475 cr | 44.7x | 11.4x | 27.9% | 30.3% | 52.3% | – | 0.61% |
| TATACOMM | ₹47,929 cr | 43.4x | 14.1x | 35.3% | 15.3% | 19.1% | +11.6% | 1.49% |
| TTML | ₹8,119 cr | 27.1x | – | – | – | 110.4% | +1.6% | – |
| MTNL | ₹1,435 cr | – | – | – | -0.6% | -12.5% | +0.8% | – |
| RCOM | ₹221 cr | – | – | – | – | 40.3% | -13.1% | – |
| QUADRANT | ₹43 cr | 1.6x | – | – | – | 14.7% | -19.1% | – |
| CITYONLINE | ₹5 cr | 7.5x | – | – | – | -7.7% | -9.4% | – |
All 9 companies in Telecom - Cellular & Fixed line services →
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2019-07-11 | Other | De-Merger |
| 2018-09-24 | Other | Annual General Meeting |
| 2017-07-25 | Other | Annual General Meeting |
| 2016-08-18 | Other | Annual General Meeting |
| 2015-09-11 | Other | Annual General Meeting |
| 2014-09-12 | Other | Annual General Meeting |
| 2013-09-11 | Other | Annual General Meeting |
| 2013-08-07 | Bonus | Bonus 2:15 |
| 2012-08-14 | Other | Annual General Meeting |
| 2011-08-03 | Other | Annual General Meeting |
| 2010-07-22 | Other | Annual General Meeting |
| 2009-07-30 | Other | Annual General Meeting |
| 2008-07-25 | Other | Annual General Meeting |
| 2007-08-03 | Other | Agm |
| 2006-10-19 | Rights | Rights-19:100 @ Prem Rs.7 |
| 2006-07-18 | Other | Agm |
| 2005-07-19 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Wired Telecommunications and other business solutions: Providing wired telecommunication services including data and voice connectivity and other services. Other services include Cloud & Platform Services.
| Sector | Telecommunication |
| Industry | Telecom - Cellular & Fixed line services |
| Sub-industry | Telecom - Cellular & Fixed line services |
| Symbol | TTML |
| BSE code | 532371 |
| ISIN | INE517B01013 |
| Face value | ₹10.0 |
| Incorporated | 1995-03-13 |
| Website | www.tatatelebusiness.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.