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

• Market Cap: ₹97.37B
• Dividend Yield: N/A
• Average Volume (3M): 232.66K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.18
• Revenue Growth: -5.82%
• EPS Growth: 0.28%
• Country: IN
• Employees: 390
• Sector: Services
• Sector Strength: N/A
• Industry: Telecommunications Services
• EPS (TTM): -1.64
• Shares Outstanding: 1,954,927,700
• 10 Day Avg. Volume: 285,486
• 30 Day Avg. Volume: 232,655
• PEG Ratio: -2.39
• Price to Book (P/B): -0.60
• Price to Sales (P/S): 8.91
• P/FCF Ratio: 28.71
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: ₹53.00 ▲(6.15% Upside)

The overall stock score is primarily influenced by financial performance and technical analysis. The company's financial health is challenged by net losses and high leverage, while technical indicators suggest bearish momentum. Valuation is also a concern due to negative earnings and lack of dividends. These factors collectively result in a lower stock score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective business strategies, supporting long-term sustainability.

Cash Flow Management

Strong cash flow management enhances financial flexibility, allowing the company to invest in growth opportunities and manage debt.

Gross Profit Margins

High gross profit margins reflect efficient cost control, which can support profitability improvements and competitive pricing strategies.

Negative Factors

High Leverage

High leverage can strain financial resources, limit strategic flexibility, and increase vulnerability to economic downturns.

Negative Stockholders' Equity

Negative equity suggests financial instability, potentially hindering the company's ability to raise capital or invest in growth.

Profitability Challenges

Ongoing profitability issues may limit reinvestment in the business and affect long-term competitive positioning.

Tata Teleservices (Maharashtra) Limited Business Overview & Revenue Model

Company Description

Tata Teleservices (Maharashtra) Limited provides wireline voice, data, and managed telecom services to enterprise customers in Maharashtra and Goa, India. The company provides its connectivity and communication solutions under the Tata Tele Business Services brand name. It offers cloud and software as a services comprising content delivery network, digital survey, document management, cloud CRM, SmartFlo, fee collection, and live chat services; collaboration services, such as audio and web conferencing, international bridging, and webcasting services; data services, including business broadband, secure cloud connect, hub connect, Tata Tele Wi-Fi, smart VPN, Internet lease line connection, L2 multicast, and leased line; and voice services comprising PRI, centrex, SIP trunk, and SmartOffice, a business connectivity solution. The company also provides Internet of Things solutions comprising asset management, fleet management tracking, school bus tracking, and workforce management solutions; marketing solutions, such as call register, digital survey, hosted OBD and IVR, SMS solutions, and toll-free services; and cyber security solutions comprising email security, endpoint security, multifactor authentication, virtual firewall, and web security solutions. As of March 31, 2021, it had 17,000 kilometers of optical fiber transmission network. The company was incorporated in 1995 and is based in Navi Mumbai, India.

How the Company Makes Money

TTML generates revenue primarily through its mobile and fixed-line service offerings. The company charges customers for voice calls, text messaging, and data usage on its mobile network. Additionally, TTML provides broadband services, which contribute to its revenue through monthly subscription fees. Key revenue streams include prepaid and postpaid mobile plans, enterprise solutions, and value-added services such as mobile applications and digital content. Partnerships with other telecom operators and technology providers enhance TTML's service portfolio and expand its market reach. The company also explores opportunities in emerging technologies, such as IoT (Internet of Things) services, to diversify its income sources.

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 high leverage pose significant financial risks. Cash flows are managed well, but profitability and balance sheet weaknesses need addressing.

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	12.69B	13.08B	11.92B	11.06B	10.94B	10.48B
Gross Profit	6.01B	5.91B	5.58B	5.24B	4.97B	5.11B
EBITDA	5.42B	5.18B	4.85B	4.56B	4.31B	4.44B
Net Income	-12.77B	-12.75B	-12.28B	-11.45B	-12.15B	-19.97B
Balance Sheet
Total Assets	0.00	13.04B	13.07B	12.11B	13.65B	15.09B
Cash, Cash Equivalents and Short-Term Investments	1.00B	1.00B	668.40M	806.70M	1.18B	1.14B
Total Debt	0.00	204.16B	200.47B	198.69B	197.56B	195.66B
Total Liabilities	195.70B	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: 49.93
• 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 49.93 is below the 20-day moving average (MA) of 50.59, below the 50-day MA of 52.97, and below the 200-day MA of 59.29, indicating a bearish trend. The MACD of -0.84 indicates Negative momentum. The RSI at 45.87 is Neutral, neither overbought nor oversold. The STOCH value of 40.70 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	78 Outperform	₹34.13B	18.96	―	4.18%	16.76%	50.15%
GTPL	61 Neutral	₹11.33B	27.91	―	1.99%	8.43%	-36.53%
HATHWAY	60 Neutral	₹21.98B	22.79	―	―	3.88%	-3.40%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
TTML	46 Neutral	₹97.37B	-7.70	―	―	-5.82%	0.28%
MTNL	38 Underperform	₹22.69B	-0.64	―	―	-21.58%	-8.54%