NNextResearch
Sign up

Mahanagar Telephone Nigam (MTNL) MTNL

PSU telecom operator (Delhi & Mumbai circles) - fixed-line, mobile and broadband services

Mapped in 1 theme: 5G/6G Telecom Buildout.

From publicly available information

Where Mahanagar Telephone Nigam (MTNL) sits in the supply chain

Mahanagar Telephone Nigam (MTNL) appears in 1 supply-chain layer in one theme, 5G/6G Telecom Buildout.

5G/6G Telecom Buildout › Telecom Operators (Demand Side)

Operator

Other companies in this layer

Bharti AirtelVodafone IdeaBharti HexacomTata CommunicationsJio Platforms (Reliance Jio Infocomm) (unlisted)Tata Teleservices (Maharashtra)Reliance Communications (RCOM) (unlisted)
View in the 3D map →

Revenue and profit

₹ CrFY24FY25FY26
Revenue7991,130956
Net profit−3,268−3,328−3,107

Latest-year revenue ₹956 Cr (FY26, company-wide). Wider screens show FY22 onwards.

Strengths

  • Captive government/PSU customer relationships and legacy fixed-line/enterprise contracts in the Delhi & Mumbai circles provide a residual, government-backed revenue base other distressed telecom assets lack

Risks

  • Persistent, large annual net losses across the full reporting period with a shrinking PSU subscriber base

Common questions

What does Mahanagar Telephone Nigam (MTNL) do?

PSU telecom operator (Delhi & Mumbai circles) - fixed-line, mobile and broadband services.

Where does Mahanagar Telephone Nigam (MTNL) sit in the supply chain?

Mahanagar Telephone Nigam (MTNL) (NSE: MTNL) is mapped in 1 supply-chain layer: Telecom Operators (Demand Side) (5G/6G Telecom Buildout).

Who are Mahanagar Telephone Nigam (MTNL)'s peers?

In the Telecom Operators (Demand Side) layer of 5G/6G Telecom Buildout: Bharti Airtel, Vodafone Idea, Bharti Hexacom, Tata Communications, Jio Platforms (Reliance Jio Infocomm) (not NSE-listed), Tata Teleservices (Maharashtra) and 1 more.

What is Mahanagar Telephone Nigam (MTNL)'s market cap and valuation?

As of 30 Oct 2026: market cap ₹1,400 Cr, ROCE −9.3%, dividend yield 0%.