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

• Market Cap: ₹115.40B
• Dividend Yield: N/A
• Average Volume (3M): 157.18K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: 3.18%
• EPS Growth: -2.10%
• Country: IN
• Employees: 390
• Sector: Services
• Sector Strength: N/A
• Industry: Telecommunications Services
• EPS (TTM): -1.66
• Shares Outstanding: 1,954,927,700
• 10 Day Avg. Volume: 158,276
• 30 Day Avg. Volume: 157,183
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹63.00
• Price Target Upside: 7.25% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 45 Neutral
• Price Target: ₹63.00 ▲(7.25% Upside)

The overall stock score for Tata Teleservices (Maharashtra) Limited is driven primarily by its weak financial performance and poor valuation metrics. The stock's bearish technical indicators further weigh on the score. While the company manages cash flows effectively, its profitability challenges and high leverage pose significant risks.

Tata Teleservices (Maharashtra) Limited Business Overview & Revenue Model

Company Description

Tata Teleservices (Maharashtra) Limited (TTML) is a telecommunications service provider in India, operating primarily in the Maharashtra and Goa circles. The company offers a range of services including voice, data, and managed services to enterprise customers. TTML focuses on delivering integrated telecommunications solutions tailored to meet the needs of businesses, enhancing connectivity, and enabling digital transformation.

How the Company Makes Money

TTML generates revenue through its suite of telecommunications services aimed at enterprise customers. Key revenue streams include the provision of voice services, such as mobile and fixed-line telephony, and data services, including high-speed internet and broadband solutions. The company also offers managed services, which encompass network management, cloud services, and other IT solutions designed for business clients. Significant partnerships with technology providers and infrastructure companies enhance its service offerings, contributing to its revenue. The company's earnings are primarily driven by long-term contracts with corporate clients, ensuring a steady income stream.

Tata Teleservices (Maharashtra) Limited Financial Statement Overview

Summary

Tata Teleservices (Maharashtra) Limited shows revenue growth and potential for operational efficiency, but persistent net losses and a concerning balance sheet with high leverage and negative equity reduce the score. Positive cash flow management offers some stability.

Income Statement

The company has shown consistent revenue growth over the years, with a 9.68% increase from 2024 to 2025. Gross profit margins are high, indicating strong cost management relative to revenue. However, the company is struggling with profitability, evidenced by negative net income and net profit margins. EBIT and EBITDA margins are positive, showing potential for operational efficiency improvements.

Balance Sheet

The balance sheet reveals a concerning financial structure with negative stockholders' equity, indicative of significant accumulated losses. The high debt-to-equity ratio signifies a heavily leveraged position, increasing financial risk. Despite this, the company maintains a stable asset base, although the equity ratio is negative due to the negative equity.

Cash Flow

Cash flow analysis shows a positive trend in operating cash flow, which covers capital expenditures resulting in positive free cash flow. The free cash flow to net income ratio is strong, suggesting good cash management. However, the company has experienced fluctuating free cash flow growth rates, and financing cash flows are consistently negative, reflecting ongoing debt repayments or financing challenges.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.08B	13.08B	11.92B	11.06B	10.90B	10.43B
Gross Profit	11.70B	13.08B	4.36B	8.50B	7.83B	8.02B
EBITDA	5.66B	5.87B	5.44B	5.04B	4.85B	-2.67B
Net Income	-12.75B	-12.75B	-12.28B	-11.45B	-12.15B	-19.97B
Balance Sheet
Total Assets	13.04B	13.04B	13.07B	12.11B	13.65B	15.09B
Cash, Cash Equivalents and Short-Term Investments	1.19B	1.19B	668.40M	806.70M	1.18B	1.14B
Total Debt	204.16B	204.16B	200.47B	198.69B	197.56B	195.66B
Total Liabilities	208.74B	208.74B	205.60B	202.65B	201.97B	200.00B
Stockholders Equity	-195.70B	-195.70B	-192.53B	-190.55B	-188.32B	-184.91B
Cash Flow
Free Cash Flow	0.00	4.06B	4.77B	4.47B	4.25B	4.53B
Operating Cash Flow	0.00	5.05B	5.87B	5.58B	5.32B	5.67B
Investing Cash Flow	0.00	-1.09B	-649.80M	-662.00M	-1.32B	-1.77B
Financing Cash Flow	0.00	-3.86B	-5.03B	-4.94B	-4.27B	-4.32B

Tata Teleservices (Maharashtra) Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 58.74
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TTML, the sentiment is Negative. The current price of 58.74 is below the 20-day moving average (MA) of 60.18, below the 50-day MA of 64.52, and below the 200-day MA of 67.40, indicating a bearish trend. The MACD of -1.84 indicates Negative momentum. The RSI at 36.85 is Neutral, neither overbought nor oversold. The STOCH value of 59.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TTML.

Tata Teleservices (Maharashtra) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPSLTD	70 Outperform	₹40.35B	25.28		5.25%	23.41%	39.57%
HATHWAY	68 Neutral	₹25.45B	24.03		―	4.19%	11.08%
GTPL	62 Neutral	₹13.08B	29.59		3.46%	7.80%	-48.23%
Sector *	60 Neutral	€4.92B	31.91	-10.66%	5.32%	6.31%	-42.84%
TTML	45 Neutral	₹115.40B	―		―	3.18%	-2.10%
MTNL	41 Neutral	₹27.51B	―		―	-12.59%	-1.84%

Tata Teleservices (Maharashtra) Limited Corporate Events

Tata Teleservices Updates on Spectrum Charge Litigation

Tata Teleservices (Maharashtra) Limited has updated the status of its ongoing litigation concerning a demand notice for a One-Time Spectrum Charge by the Department of Telecommunications. The Bombay High Court had previously granted interim protection, allowing the company to withdraw its petition and approach the Telecom Disputes Settlement and Appellate Tribunal (TDSAT). Recently, TDSAT adjourned the matter indefinitely, pending a decision from the Supreme Court on a similar case, which could significantly impact the company’s financial obligations and strategic operations.