Tata Teleservices (Maharashtra) Limited (IN:TTML)
:TTML
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Tata Teleservices (Maharashtra) Limited
(TTML)
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Rating:49Neutral
Price Target:
₹46.00
▼(-4.78% Downside)
Action:Reiterated
Date:06/13/26
The score is held down primarily by high balance-sheet risk (very large debt and deeply negative equity) despite improving cash generation and narrowing losses. Technicals are mildly supportive in the near term (above key short/mid-term averages), but mixed momentum and weak valuation support (negative P/E, no dividend data) limit the overall rating.
Positive Factors
Improving cash generation
Positive and sharply improving free cash flow indicates the business is generating real cash despite accounting losses. Over a 2–6 month horizon this durable cash generation can fund operations, selective capex, and modest deleveraging without immediate reliance on equity markets.
Negative Factors
Severely leveraged balance sheet
Extremely high debt relative to assets and deeply negative equity materially constrain financial flexibility. Over months this leverage raises refinancing and covenant risk, limits ability to invest or withstand shocks, and makes outcomes dependent on creditor arrangements or capital relief.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
Positive and sharply improving free cash flow indicates the business is generating real cash despite accounting losses. Over a 2–6 month horizon this durable cash generation can fund operations, selective capex, and modest deleveraging without immediate reliance on equity markets.
Read all positive factors
Tata Teleservices (Maharashtra) Limited (TTML) vs. iShares MSCI India ETF (INDA)
Market Cap
₹90.77B
Dividend YieldN/A
Average Volume (3M)232.66K
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue Growth-11.30%
EPS Growth83.12%
CountryIN
Employees390
SectorServices
Sector StrengthN/A
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-6.48
Shares Outstanding1,954,927,700
10 Day Avg. Volume285,486
30 Day Avg. Volume232,655
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 primarily makes money by selling telecommunications connectivity and related services to business customers on recurring subscription and contract-based arrangements. Key revenue streams include: (1) Enterprise data connectivity services such...
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 | 12.11B | 11.60B | 13.08B | 11.92B | 11.06B | 10.94B |
| Gross Profit | 5.64B | 11.60B | 5.91B | 5.58B | 5.24B | 4.97B |
| EBITDA | 5.45B | 12.88B | 5.18B | 4.85B | 4.56B | 4.31B |
| Net Income | -12.67B | -2.15B | -12.75B | -12.28B | -11.45B | -12.15B |
Balance Sheet | ||||||
| Total Assets | 12.35B | 13.41B | 13.04B | 13.07B | 12.11B | 13.65B |
| Cash, Cash Equivalents and Short-Term Investments | 731.00M | 387.60M | 1.00B | 668.40M | 806.70M | 1.18B |
| Total Debt | 205.02B | 208.69B | 204.16B | 200.47B | 198.69B | 197.56B |
| Total Liabilities | 209.79B | 213.24B | 208.74B | 205.60B | 202.65B | 201.97B |
| Stockholders Equity | -197.44B | -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
48.31
Price Trends
42.74
Positive
42.03
Positive
47.93
Negative
Market Momentum
0.60
Negative
59.35
Neutral
49.49
Neutral
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 48.31 is above the 20-day moving average (MA) of 43.27, above the 50-day MA of 42.74, and above the 200-day MA of 47.93, indicating a neutral trend. The MACD of 0.60 indicates Negative momentum. The RSI at 59.35 is Neutral, neither overbought nor oversold. The STOCH value of 49.49 is Neutral, 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 | ₹99.09B | 29.52 | ― | 0.79% | 23.00% | 15.55% | |
61 Neutral | ₹11.10T | 40.32 | ― | 0.75% | 21.96% | -19.61% | |
60 Neutral | ₹560.02B | 55.01 | ― | 1.39% | 6.96% | -31.56% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
49 Neutral | ₹90.77B | -41.48 | ― | ― | -11.30% | 83.12% | |
47 Neutral | ₹1.61T | 4.68 | ― | ― | 2.99% | ― | |
43 Neutral | ₹19.42B | -0.63 | ― | ― | 17.98% | 6.63% |
* Services Sector Average
IN:TTML
Tata Teleservices (Maharashtra) Limited
45.69
-23.18
-33.66%
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Tata Teleservices (Maharashtra) Limited Corporate Events
Tata Teleservices (Maharashtra) Clears All Resolutions at 31st AGM Held Online
Jun 5, 2026
Tata Teleservices (Maharashtra) Limited held its 31st Annual General Meeting on June 5, 2026 via video conferencing, in line with MCA, SEBI and Companies Act provisions permitting virtual shareholder meetings. All resolutions set out in the AGM no...
Tata Teleservices (Maharashtra) Says It Does Not Qualify as Large Corporate
Apr 23, 2026
Tata Teleservices (Maharashtra) Limited has notified the stock exchange that it does not qualify as a large corporate under the applicable borrowing criteria for the latest financial year. The company reported a reduction in outstanding long-term ...
Tata Teleservices (Maharashtra) Files SEBI Compliance Certificate on Share Demat Activity
Apr 3, 2026
Tata Teleservices (Maharashtra) Limited has submitted a compliance certificate for the quarter ended 31 March 2026, confirming that details of securities dematerialized and rematerialized have been furnished to all stock exchanges where its shares...
Tata Teleservices (Maharashtra) Announces Resignation of Senior Managerial Executive
Mar 19, 2026
Tata Teleservices (Maharashtra) Limited has announced a senior management change, disclosing that Amee Joshi, who served as Company Secretary of the holding company and as a senior managerial personnel for the listed entity, has resigned to pursue...
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.