Mahanagar Telephone Nigam Ltd

Mahanagar Telephone Nigam Ltd

₹ 45.0 0.63%
27 Feb 4:01 p.m.
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 2,837 Cr.
  • Current Price 45.0
  • High / Low 52.4 / 16.6
  • Stock P/E
  • Book Value -353
  • Dividend Yield 0.00 %
  • ROCE -7.04 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.57%
  • The company has delivered a poor sales growth of -17.7% over past five years.
  • Contingent liabilities of Rs.8,389 Cr.
  • Earnings include an other income of Rs.631 Cr.
  • Company has high debtors of 229 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
360 316 301 306 304 239 251 238 227 219 199 198 192
354 328 388 356 331 393 330 349 357 345 354 331 318
Operating Profit 6 -12 -86 -50 -28 -154 -80 -111 -129 -126 -154 -133 -126
OPM % 2% -4% -29% -16% -9% -65% -32% -47% -57% -57% -77% -67% -65%
111 155 116 120 113 281 150 138 127 199 113 175 144
Interest 541 531 516 533 552 538 540 581 592 641 645 665 691
Depreciation 214 212 202 191 192 187 183 184 181 181 166 170 166
Profit before tax -638 -600 -689 -655 -659 -598 -653 -738 -776 -749 -852 -793 -839
Tax % 0% -0% 0% 0% 0% -0% 0% 0% 0% 0% 0% 0% 0%
-638 -602 -689 -655 -659 -601 -653 -738 -776 -749 -852 -793 -839
EPS in Rs -10.12 -9.56 -10.93 -10.39 -10.46 -9.53 -10.37 -11.71 -12.31 -11.88 -13.52 -12.58 -13.32
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
3,442 3,496 3,476 3,494 3,223 2,969 2,472 2,085 1,624 1,388 1,149 935 809
5,254 6,403 4,367 4,237 4,013 4,027 3,617 3,386 3,070 1,313 1,453 1,369 1,347
Operating Profit -1,813 -2,907 -891 -743 -790 -1,058 -1,145 -1,300 -1,447 75 -304 -434 -539
OPM % -53% -83% -26% -21% -24% -36% -46% -62% -89% 5% -26% -46% -67%
170 262 11,792 443 882 680 734 619 691 476 623 612 631
Interest 950 1,181 1,391 1,440 1,351 1,448 1,505 1,703 1,951 2,117 2,147 2,364 2,642
Depreciation 1,511 1,497 1,192 1,158 1,178 1,113 1,054 1,002 986 893 772 730 683
Profit before tax -4,103 -5,323 8,318 -2,898 -2,437 -2,940 -2,970 -3,387 -3,693 -2,459 -2,600 -2,916 -3,233
Tax % -0% 0% 6% -0% 20% 0% -0% -0% -0% -0% -0% 0%
-4,104 -5,322 7,821 -2,901 -1,946 -2,936 -2,971 -3,388 -3,694 -2,461 -2,603 -2,915 -3,232
EPS in Rs -65.15 -84.48 124.14 -46.05 -30.89 -46.60 -47.16 -53.78 -58.63 -39.07 -41.32 -46.27 -51.30
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% -0% 0%
Compounded Sales Growth
10 Years: -12%
5 Years: -18%
3 Years: -17%
TTM: -15%
Compounded Profit Growth
10 Years: 4%
5 Years: 0%
3 Years: 7%
TTM: -17%
Stock Price CAGR
10 Years: 12%
5 Years: 28%
3 Years: 50%
1 Year: 131%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 630 630 630 630 630 630 630 630 630 630 630 630 630
Reserves 1,904 -3,418 4,413 1,429 -1,035 -4,004 -6,962 -10,358 -14,212 -16,675 -19,298 -21,485 -22,878
9,648 11,782 14,216 16,608 13,441 15,201 17,019 19,737 23,291 25,600 26,820 28,351 29,208
14,789 17,441 8,303 8,271 5,639 5,882 5,611 4,711 6,997 3,844 4,191 4,176 4,398
Total Liabilities 26,972 26,435 27,563 26,938 18,675 17,709 16,298 14,720 16,706 13,400 12,342 11,672 11,357
15,841 15,023 11,377 10,570 9,575 8,759 8,164 7,466 6,889 6,253 5,618 4,967 4,624
CWIP 913 949 408 134 137 291 331 320 328 184 74 59 63
Investments 350 80 60 40 43 4 4 4 4 3 3 3 4
9,868 10,383 15,717 16,194 8,920 8,654 7,799 6,930 9,486 6,960 6,647 6,642 6,666
Total Assets 26,972 26,435 27,563 26,938 18,675 17,709 16,298 14,720 16,706 13,400 12,342 11,672 11,357

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-710 -343 -4,186 -1,167 1,078 -1,024 155 -733 -1,206 -225 704 64
-610 -394 3,084 -107 -37 -30 -492 -297 -43 -259 204 -174
1,276 730 1,237 1,110 -957 984 345 1,044 1,326 414 -936 177
Net Cash Flow -44 -6 135 -164 85 -71 7 14 77 -70 -28 67

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 37 42 32 31 56 60 63 107 141 203 213 229
Inventory Days
Days Payable
Cash Conversion Cycle 37 42 32 31 56 60 63 107 141 203 213 229
Working Capital Days -211 -223 -121 -145 -9 266 329 297 183 689 693 727
ROCE % -23% -39% -12% -8% -7% -12% -13% -16% -18% -3% -5% -7%

Shareholding Pattern

Numbers in percentages

159 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
56.89% 56.25% 56.89% 56.89% 56.89% 56.89% 56.89% 56.82% 56.82% 56.82% 56.82% 56.25%
0.36% 0.35% 0.35% 0.37% 0.37% 0.38% 0.38% 0.38% 0.47% 0.39% 0.40% 0.47%
14.22% 14.07% 14.10% 13.91% 13.91% 13.91% 13.91% 13.89% 13.89% 13.89% 13.88% 13.75%
28.54% 29.33% 28.66% 28.84% 28.84% 28.82% 28.82% 28.91% 28.81% 28.90% 28.90% 29.54%
No. of Shareholders 1,60,2451,67,9411,69,1501,86,7751,98,3551,94,5161,93,3921,89,6081,87,0641,84,0781,82,1711,78,199

* 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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