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Tata Teleservices (Maharashtra) Limited
(TTML)
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Rating:52Neutral
Price Target:
₹42.00
▲(12.27% Upside)
Action:Reiterated
Date:10/27/26
The score is held back primarily by high balance-sheet risk (very large debt and deeply negative equity) despite improving losses and positive free cash flow. Technicals are constructive with price above major moving averages and a positive MACD, but overbought signals (high RSI/Stoch) limit the upside. Valuation is middling based on the provided P/E, with no dividend yield data to add support.
Positive Factors
Enterprise recurring-revenue model
A focus on enterprise and small-business customers, supported by recurring connectivity and communication fees, can provide a more durable revenue foundation than purely transactional demand. Contracted services may also deepen customer relationships as TTML manages networks and business communications.
Negative Factors
Extremely leveraged balance sheet
Very high debt relative to the asset base and deeply negative equity indicate severe accumulated losses and limited financial flexibility. This capital structure can constrain investment, keep financing costs burdensome, and make meaningful deleveraging difficult even with positive cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Enterprise recurring-revenue model
A focus on enterprise and small-business customers, supported by recurring connectivity and communication fees, can provide a more durable revenue foundation than purely transactional demand. Contracted services may also deepen customer relationships as TTML manages networks and business communications.
Read all positive factors
Tata Teleservices (Maharashtra) Limited (TTML) vs. iShares MSCI India ETF (INDA)
Market Cap
₹81.81B
Dividend YieldN/A
Average Volume (3M)875.14K
Price to Earnings (P/E)27.4
Beta (1Y)1.21
Revenue Growth-0.85%
EPS GrowthN/A
CountryIN
Employees396
SectorGeneral
Sector StrengthN/A
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.19
Shares Outstanding1,954,927,700
10 Day Avg. Volume1,721,759
30 Day Avg. Volume875,144
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)-0.31
Price to Sales (P/S)5.29
P/FCF Ratio11.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tata Teleservices (Maharashtra) Limited Business Overview & Revenue Model
Company Description
Tata Teleservices (Maharashtra) Limited delivers a broad spectrum of wireline telecommunication services, including voice, data, and managed solutions, to business clients across Maharashtra and Goa, India. These comprehensive connectivity and com...
How the Company Makes Money
TTML makes money mainly by charging customers—predominantly enterprises and small-to-medium businesses—for telecom and connectivity services on recurring contracts. Key revenue streams typically include: (1) subscription/recurring service fees for...
Tata Teleservices (Maharashtra) Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
12
Very Negative
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.78B | 11.60B | 13.08B | 11.92B | 11.06B | 10.94B |
| Gross Profit | 8.36B | 11.60B | 5.91B | 5.58B | 5.24B | 4.97B |
| EBITDA | 13.10B | 12.88B | 5.76B | 5.32B | 4.97B | 4.75B |
| Net Income | 375.30M | -2.15B | -12.75B | -12.28B | -11.45B | -12.15B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 13.41B | 13.04B | 13.07B | 12.11B | 13.65B |
| Cash, Cash Equivalents and Short-Term Investments | 385.50M | 387.60M | 1.00B | 668.40M | 806.70M | 1.18B |
| Total Debt | 0.00 | 208.69B | 204.16B | 200.47B | 198.69B | 197.56B |
| Total Liabilities | 199.83B | 213.24B | 208.74B | 205.60B | 202.65B | 201.97B |
| Stockholders Equity | -199.83B | -199.83B | -195.70B | -192.53B | -190.55B | -188.32B |
Cash Flow | ||||||
| Free Cash Flow | 2.73B | 5.32B | 4.06B | 4.77B | 4.47B | 4.25B |
| Operating Cash Flow | 3.47B | 6.68B | 5.05B | 5.87B | 5.58B | 5.32B |
| Investing Cash Flow | -799.60M | -905.80M | -1.09B | -649.80M | -662.00M | -1.32B |
| Financing Cash Flow | -3.05B | -6.04B | -3.86B | -5.03B | -4.94B | -4.27B |
Tata Teleservices (Maharashtra) Limited Technical Analysis
Positive
37.41
Price Trends
36.19
Positive
38.91
Positive
40.62
Positive
Market Momentum
0.83
Negative
73.12
Negative
80.99
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TTML, the sentiment is Positive. The current price of 37.41 is above the 20-day moving average (MA) of 35.08, above the 50-day MA of 36.19, and below the 200-day MA of 40.62, indicating a bullish trend. The MACD of 0.83 indicates Negative momentum. The RSI at 73.12 is Negative, neither overbought nor oversold. The STOCH value of 80.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TTML.
Tata Teleservices (Maharashtra) Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹12.34T | 41.28 | ― | 1.21% | 19.63% | -18.80% | |
60 Neutral | ₹73.80B | 21.71 | ― | 1.41% | 22.56% | 5.56% | |
56 Neutral | ₹488.82B | 44.12 | ― | 1.02% | 9.08% | -20.04% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹1.31T | 4.22 | ― | 0.72% | 3.30% | ― | |
52 Neutral | ₹81.81B | 27.36 | ― | ― | -0.85% | ― | |
43 Neutral | ₹14.38B | -0.48 | ― | 1.09% | 68.07% | 14.04% |
* General Sector Average
IN:TTML
Tata Teleservices (Maharashtra) Limited
41.85
-13.32
-24.14%
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22.83
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-9.24%
Tata Teleservices (Maharashtra) Limited Corporate Events
Tata Teleservices (Maharashtra) Director Nalin Rana to Step Down on October 22
Oct 14, 2026
Tata Teleservices (Maharashtra) Limited has announced that non-executive director Mr. Nalin Rana will step down from the board, effective at the close of business on October 22, 2026. The resignation, formally communicated on October 14, 2026, is ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.