Mahanagar Telephone Nigam Ltd

Mahanagar Telephone Nigam Ltd

₹ 42.0 -0.43%
14 Jun - close price
About

Mahanagar Telephone Nigam is engaged in providing telecom services.(Source : 201903 Annual Report Page No:120)

Key Points

History of MTNL[1]
MTNL was incorporated as a public sector undertaking in 1986 to serve cities of Delhi including NCR and Mumbai including Thane district in India. It started with an objective to provide world-class telecommunication services to its customers with affordable tariffs. The company got Navratana Status in 1997.

  • Market Cap 2,645 Cr.
  • Current Price 42.0
  • High / Low 52.4 / 19.0
  • Stock P/E
  • Book Value -376
  • Dividend Yield 0.00 %
  • ROCE -8.76 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -18.2% over past five years.
  • Contingent liabilities of Rs.8,388 Cr.
  • Earnings include an other income of Rs.573 Cr.
  • Company has high debtors of 249 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
296 284 288 279 219 236 220 203 202 185 182 169 193
313 372 340 314 375 315 333 337 328 339 316 299 304
Operating Profit -17 -88 -52 -35 -156 -79 -113 -134 -126 -154 -134 -130 -112
OPM % -6% -31% -18% -12% -71% -34% -51% -66% -62% -84% -74% -77% -58%
155 115 120 113 280 150 137 126 199 112 174 142 145
Interest 531 516 533 552 538 540 581 592 641 645 665 691 689
Depreciation 208 199 188 189 184 180 180 178 178 163 168 163 162
Profit before tax -601 -688 -653 -663 -598 -650 -737 -778 -746 -850 -793 -842 -818
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-601 -688 -653 -663 -598 -650 -737 -778 -746 -850 -793 -842 -818
EPS in Rs -9.54 -10.92 -10.37 -10.53 -9.49 -10.31 -11.70 -12.35 -11.84 -13.49 -12.58 -13.36 -12.98
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,429 3,392 3,398 3,124 2,870 2,372 1,988 1,536 1,304 1,070 862 728
6,352 4,305 4,164 3,941 3,956 3,543 3,308 3,007 1,250 1,387 1,302 1,258
Operating Profit -2,924 -913 -767 -817 -1,086 -1,171 -1,320 -1,471 54 -317 -441 -530
OPM % -85% -27% -23% -26% -38% -49% -66% -96% 4% -30% -51% -73%
260 11,792 444 881 677 733 616 688 475 621 610 573
Interest 1,181 1,391 1,440 1,351 1,448 1,505 1,703 1,942 2,111 2,147 2,364 2,690
Depreciation 1,477 1,166 1,131 1,152 1,088 1,029 984 972 880 759 717 656
Profit before tax -5,321 8,322 -2,893 -2,440 -2,945 -2,973 -3,390 -3,696 -2,462 -2,603 -2,911 -3,302
Tax % 0% 6% 0% 20% 0% 0% 0% 0% 0% 0% 0% 0%
-5,321 7,825 -2,893 -1,948 -2,941 -2,973 -3,390 -3,696 -2,462 -2,603 -2,911 -3,302
EPS in Rs -84.46 124.21 -45.93 -30.91 -46.68 -47.19 -53.81 -58.66 -39.08 -41.31 -46.20 -52.42
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% -0% 0% 0%
Compounded Sales Growth
10 Years: -14%
5 Years: -18%
3 Years: -18%
TTM: -15%
Compounded Profit Growth
10 Years: -1%
5 Years: 1%
3 Years: -13%
TTM: -13%
Stock Price CAGR
10 Years: 1%
5 Years: 41%
3 Years: 26%
1 Year: 106%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 630 630 630 630 630 630 630 630 630 630 630 630
Reserves -3,414 4,411 1,437 -1,026 -3,997 -6,967 -10,365 -14,216 -16,670 -19,286 -21,473 -24,293
11,779 14,210 16,604 13,441 15,201 17,019 19,737 23,291 25,599 26,819 28,350 30,141
17,391 8,233 8,226 5,602 5,844 5,574 4,691 6,969 3,816 4,167 4,155 4,199
Total Liabilities 26,386 27,484 26,898 18,647 17,679 16,256 14,693 16,674 13,375 12,329 11,662 10,677
14,899 11,221 10,432 9,438 8,632 8,040 7,361 6,788 6,167 5,549 4,897 4,269
CWIP 932 383 134 137 291 331 320 328 184 74 59 86
Investments 222 202 182 182 142 106 106 106 106 106 106 106
10,332 15,678 16,150 8,890 8,614 7,779 6,905 9,452 6,918 6,601 6,600 6,216
Total Assets 26,386 27,484 26,898 18,647 17,679 16,256 14,693 16,674 13,375 12,329 11,662 10,677

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-374 -4,249 -1,157 1,025 -1,050 118 -738 -1,225 -230 707 55 133
-331 3,150 -122 -4 -9 -496 -286 -33 -224 202 -164 100
728 1,235 1,103 -936 993 345 1,044 1,326 414 -936 177 -318
Net Cash Flow 23 136 -176 84 -67 -33 20 68 -39 -27 69 -86

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 41 31 32 57 63 65 111 147 214 226 244 249
Inventory Days
Days Payable
Cash Conversion Cycle 41 31 32 57 63 65 111 147 214 226 244 249
Working Capital Days -225 -120 -147 -5 279 353 317 204 744 742 785 786
ROCE % -39% -12% -8% -7% -12% -13% -16% -18% -4% -5% -7%

Shareholding Pattern

Numbers in percentages

14 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.25% 56.89% 56.89% 56.89% 56.89% 56.89% 56.82% 56.82% 56.82% 56.82% 56.25% 56.25%
0.35% 0.35% 0.37% 0.37% 0.38% 0.38% 0.38% 0.47% 0.39% 0.40% 0.47% 0.55%
14.07% 14.10% 13.91% 13.91% 13.91% 13.91% 13.89% 13.89% 13.89% 13.88% 13.75% 13.63%
29.33% 28.66% 28.84% 28.84% 28.82% 28.82% 28.91% 28.81% 28.90% 28.90% 29.54% 29.56%
No. of Shareholders 1,67,9411,69,1501,86,7751,98,3551,94,5161,93,3921,89,6081,87,0641,84,0781,82,1711,78,1991,94,974

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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