Tata Teleservices (Maharashtra) Limited (TTML) AI Stock Analysis

5 Followers

Tata Teleservices (Maharashtra) Limited

(NSE:TTML)

Select Model

Rating:50Neutral

Price Target:INR 40.00▲(5.32% Upside)

Action:reiterated

Date:11/07/26

The overall score reflects severe fundamental risks stemming from an unsustainable debt load and deeply negative equity, despite commendable recent improvements in cash flow and narrowing net losses. While technical indicators suggest positive short-term momentum, the long-term investment profile is heavily constrained by extreme leverage and an unappealing valuation.

Positive Factors

Improving Cash GenerationConsistently positive operating and free cash flow provides an important operating foundation despite reported losses. The FY2026 improvement strengthens internal funding capacity, although cash generation remains modest relative to debt and therefore supports resilience more than rapid deleveraging.

Negative Factors

Severely Stressed Balance SheetExtremely high debt relative to assets and deeply negative equity materially weaken financial flexibility. This capital structure leaves limited room to absorb operating setbacks or fund expansion internally, while the scale of liabilities remains far above current cash-generation capacity.

Tata Teleservices (Maharashtra) Limited (TTML) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 75.30B
Dividend Yield: ―
Average Volume (3M): 1.01M
Price to Earnings (P/E): 24.8
Beta (1Y): 1.20
Revenue Growth: -0.85%
EPS Growth: ―
Country: India
Employees: 396
Sector: General
Sector Strength: 55
Industry: Telecommunications Services

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 commun...

Tata Teleservices (Maharashtra) Limited Financial Statement Overview

Summary

Financial performance is heavily weighed down by a severely distressed balance sheet characterized by negative equity and a staggering 208.68 billion in debt. Although narrowing net losses and positive free cash flows demonstrate operational resilience, the massive debt burden presents critical structural risks that overshadow these improvements.

Income Statement

45Neutral

Balance Sheet

10Very Negative

Cash Flow

65Positive

Financial statement breakdown
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	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	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

Technical Analysis SentimentNeutral

Last Price37.98

Price Trends

50DMA36.01Positive

100DMA38.03Negative

200DMA40.02Negative

Market Momentum

MACD0.79Negative

RSI54.10Neutral

STOCH72.01Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TTML, the sentiment is Neutral. The current price of 37.98 is above the 20-day moving average (MA) of 36.86, above the 50-day MA of 36.01, and below the 200-day MA of 40.02, indicating a neutral trend. The MACD of 0.79 indicates Negative momentum. The RSI at 54.10 is Neutral, neither overbought nor oversold. The STOCH value of 72.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:TTML.

Tata Teleservices (Maharashtra) Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:TTML against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BHARTIARTL	70Outperform	INR 13.05T	41.26	―	1.14%	17.56%	-20.64%
IN:RAILTEL	63Neutral	INR 82.24B	24.09	―	1.28%	22.56%	5.56%
IN:TATACOMM	60Neutral	INR 497.37B	45.77	―	0.99%	9.08%	-20.04%
IN:IDEA	58Neutral	INR 1.41T	4.01	―	―	4.24%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TTML	50Neutral	INR 76.07B	24.77	―	―	-0.85%	―
IN:MTNL	46Neutral	INR 16.74B	-0.55	―	―	68.07%	14.04%

* General Sector Average

Performance Comparison

IN:TTML and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:TTML	Tata Teleservices (Maharashtra) Limited	37.98	-15.77	-29.34%
IN:BHARTIARTL	Bharti Airtel Limited	2106.40	20.45	0.98%
IN:IDEA	Vodafone Idea Ltd	12.57	1.63	14.90%
IN:MTNL	Mahanagar Telephone Nigam Limited	26.10	-14.71	-36.05%
IN:RAILTEL	RailTel Corp. of India Ltd.	254.50	-105.18	-29.24%
IN:TATACOMM	Tata Communications Limited	1773.25	-115.17	-6.10%

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 att...

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.

Date of analysis: Nov 07, 2026

Tata Teleservices (Maharashtra) Limited AI Stock Analysis