āagman

Tata Teleservices (Maharashtra) Ltd

NSE: TTML
₹32.06
−₹0.81 (−2.46%)
NSE · 21 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹6,559 Cr
CMP
₹32.06
52-wk High / Low
₹58 / 31
Book Value
₹−102.0
Div Yield
0.00%
ROCE
56.0%
Face Value
₹10

Price−42.9% over 1Y

āagman read

Computed by āagman
Derived from 15 years and 21 quarters of filings. Not reported by the company.
As of 21 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
ROIC
53.6%
vs 9.1% sector median
Cash flow to profit
3.08
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+288
bps OPM YoY
Operating margin vs the same quarter last year
Holder deltas
QoQ
pp
Prom +0.00FII −0.09DII +0.00
Latest quarter vs the previous one
Cash-accrual divergence
−66.8%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 32% vs the 2022 sector median of 11%)
Watch-outs
−Borrowings are up 79.1% since FY2016 (11654 to 20869)
−Price trades below its 200-day moving average (0.8x)
−Price is 45.0% below its 52-week high

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Standalone basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales286287296323324344333308284286294296302
Expenses161159157182188205182155138146119132137
Operating Profit125128139141135138150153147140175163165
OPM %43.7%44.6%47.0%43.7%41.7%40.1%45.0%49.7%51.8%49.0%59.5%55.1%54.6%
Other Income42335212−22−26652
Interest394403411414423429423419433425288215206
Depreciation36363839414243423737363233
Profit before tax−301−310−308−309−323−330−315−306−325−321−150581−72
Net Profit−301−310−308−309−323−330−315−306−325−321−150581−72
EPS (₹)−1.54−1.59−1.57−1.58−1.65−1.69−1.61−1.57−1.66−1.64−0.772.97−0.37

Profit & Loss

As of 30 Jun 2026
Standalone · ₹ Cr · 15 years + TTM
Mar 2009Mar 2010Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,9502,0982,2662,8932,9722,7031,8691,2771,0781,0441,0941,1061,1921,3081,1601,178
Expenses1,4581,7482,9032,2922,2272,0571,734614656555626614664737543534
Operating Profit492350−637601745646135664422489468492527571617643
OPM %25.2%16.7%−28.1%20.8%25.1%23.9%7.2%52.0%39.1%46.8%42.8%44.5%44.2%43.7%53.2%54.6%
Other Income1082471,8344540−924−7,875400−2,396−75617111616670666
Interest3063513596516841,2821,5691,5541,5451,5611,5391,5021,6221,6941,3611,134
Depreciation463564758611460796533178195169160147150168142138
Profit before tax−169−31880−615−358−2,356−9,842−668−3,714−1,997−1,215−1,145−1,228−1,275−21538
Net Profit−170−31880−615−358−2,356−9,842−668−3,714−1,997−1,215−1,145−1,228−1,275−21538
EPS (₹)−0.79−1.480.37−3.15−1.83−12.05−50.35−3.42−19.00−10.21−6.22−5.86−6.28−6.52−1.100.19

Balance Sheet

As of 30 Jun 2026
Standalone · ₹ Cr
Mar 2009Mar 2010Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital1,8971,8971,8971,9551,9551,9551,9551,9551,9551,9551,9551,9551,9551,9551,955—
Reserves−2,276−2,594−2,514−4,923−5,941−7,864−17,114−16,775−19,434−20,446−20,787−21,009−21,208−21,525−21,938—
Borrowings3,3443,9404,6537,41011,65416,22015,57816,54516,89519,53919,79419,86920,04720,41620,869—
Other Liabilities1,0611,5661,8111,6021,7941,5952,9612,8052,298461403397513458455—
Total Liabilities4,0264,8095,8476,0449,46211,9063,3804,5311,7141,5091,3651,2111,3071,3041,341—
Fixed Assets3,1963,9514,8034,1883,3637,460847718894830779740788798939—
CWIP230205153464,2462,504272639292834593528—
Investments1000059268037860907010066345823—
Other Assets5916538911,8091,2601,2632,1293,178781580457369425413351—
Total Assets4,0264,8095,8476,0449,46211,9063,3804,5311,7141,5091,3651,2111,3071,3041,341—

Cash Flows

As of 31 Mar 2026
Standalone · ₹ Cr
Mar 2009Mar 2010Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity388590246636766730603−734−360567530558586505668
Cash from Investing Activity−816−840−536−785−1,183−2,198259−101510−177−130−66−64−109−91
Cash from Financing Activity4212453421774341,041−860967−237−432−427−494−503−386−604
Net Cash Flow−7−4522818−4272132−87−42−26−21810−27

Ratios

As of 31 Mar 2026
15 periods
Mar 2009Mar 2010Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—0.0−13.01.05.0−1.0−5.050.042.0147.032.040.048.050.056.0
ROE %———————————————
EPS (₹)−0.79−1.480.37−3.15−1.83−12.05−50.35−3.42−19.00−10.21−6.22−5.86−6.28−6.520.19
Book Value (₹)——−2.9———————————−102.0
Face Value (₹)——10———————————10
P/E———————————————
Div Yield %——0.00———————————0.00
NPM %−8.3−13.62.0−20.9−11.9−132.4—−39.8—−693.4−109.4−102.5−101.7−96.3−11.7
OPM %25.017.0−28.021.025.024.07.052.039.047.043.045.044.044.053.0
D/E———————————————
P/B———————————————

Growth

As of 18 Oct 2026
Compounded sales growth
10 years−9.0%
5 years+2.0%
3 years+2.0%
TTM−7.0%
Compounded profit growth
5 years+5.0%
3 years+7.0%
TTM+51.0%
Stock price CAGR
10 years+18.0%
5 years−10.0%
3 years−30.0%
Last year−40.0%

Shareholding pattern

As of 30 Sep 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters74.86%74.86%74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%
FIIs0.45%0.45%2.26%2.46%2.38%2.39%2.34%2.53%2.81%2.64%2.64%2.60%2.52%2.43%
DIIs0.05%0.05%0.05%0.06%0.07%0.08%0.09%0.12%0.12%0.13%0.14%0.17%0.18%0.18%
Government——————————————
Public24.63%24.63%23.33%23.12%23.19%23.16%23.18%22.98%22.70%22.87%22.87%22.87%22.94%23.03%
No. of shareholders3,77,7203,77,7208,08,6188,20,3728,17,12110,18,22310,44,61610,38,03710,38,99310,10,7989,89,8359,61,6149,46,0569,30,674
Change since Jun 2023 (pp)
Promoters −0.50FIIs +1.98DIIs +0.13Public −1.60

Documents

As of 18 Oct 2026
Announcements
Board Meeting Intimation for Board Meeting Intimation - Regulation 29 Of Listing RegulationsAnnouncement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance OfficerAnnouncement under Regulation 30 (LODR)-Resignation of DirectorCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Retirement
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update

Corporate actions

As of 11 Jul 2019
11 Jul 2019DEMERGER De-Merger—
7 Aug 2013BONUSBonus 2:15—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges.© 2026 āagman