₹40.69

▲ +0.02 +0.05%

17 Jul 2026

NSE Listed

Tata Teleserv(Maharastra) (TTML)

Volume: 8,36,411Avg Vol 1W: 11,08,357Avg Vol 1M: 15,72,940.952W Range:₹31.22₹65.55

NSE BSE www.tatatelebusiness.com

Key Ratios

Checked 19h ago

Market Cap₹7,951 Cr

Current Price₹40.69

Previous Close₹40.67

High / Low (52w)₹65.55 / ₹31.22

Volume8,36,411

Avg Vol (1W)11,08,357

Avg Vol (1M)15,72,940.9

Stock P/E13.69

Book Value₹-141.71

Dividend Yield0%

ROE435.5%

ROA-16.05%

Revenue (TTM)₹1,175 Cr

Revenue Growth—

Profit Margin-18.56%

Total Debt₹2,920 Cr

Shares Outstanding195 Cr

Face Value₹10

EPS (TTM)₹0

P/B0

Debt / Equity0

50 DMA₹42.87

200 DMA₹45.7

Day change+0.05%

Price Chart

₹40.69▼ 36.66% · 1Y

2025-07-16

2026-07-15

20-day avg volume: 15.7L shares

Pros

Healthy return on equity of 435.5%.
Company is almost debt-free.

Cons

Company is loss-making at the latest annual result.
Negative book value per share.

Quarterly Results

Metric	Jun 2008	Sept 2008	Dec 2008	Jun 2009	Sept 2009	Dec 2009
Revenue	₹502 Cr	₹513 Cr	₹516 Cr	₹512 Cr	₹543 Cr	₹602 Cr
EBITDA	₹41 Cr	₹46 Cr	₹35 Cr	₹39 Cr	₹-13 Cr	₹-10 Cr
Net Profit	₹-35 Cr	₹-47 Cr	₹-49 Cr	₹-34 Cr	₹-116 Cr	₹-103 Cr
EPS	—	—	—	—	—	—

Profit & Loss (Annual)

Metric	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	₹1,352 Cr	₹1,112 Cr	₹1,068 Cr	₹1,111 Cr	₹1,123 Cr	₹1,208 Cr	₹1,324 Cr	₹1,175 Cr
EBITDA	₹555 Cr	₹261 Cr	₹344 Cr	₹324 Cr	₹362 Cr	₹393 Cr	₹419 Cr	₹491 Cr
Net Profit	₹-668 Cr	₹-3,714 Cr	₹-1,997 Cr	₹-1,215 Cr	₹-1,145 Cr	₹-1,228 Cr	₹-1,275 Cr	₹-215 Cr
EPS	-3.41	-19	-10.21	-6.22	-5.86	-6.28	-6.52	-1.1

Balance Sheet

Metric	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	₹4,531 Cr	₹1,714 Cr	₹1,509 Cr	₹1,365 Cr	₹1,211 Cr	₹1,307 Cr	₹1,304 Cr	₹1,341 Cr
Total Liabilities	₹19,350 Cr	₹19,193 Cr	₹20,000 Cr	₹20,197 Cr	₹20,265 Cr	₹20,560 Cr	₹20,874 Cr	₹21,324 Cr
Equity	₹-14,820 Cr	₹-17,479 Cr	₹-18,491 Cr	₹-18,832 Cr	₹-19,055 Cr	₹-19,253 Cr	₹-19,570 Cr	₹-19,983 Cr
Total Debt	—	—	—	—	—	—	—	—

Cash Flow

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating	₹529 Cr	₹518 Cr	₹541 Cr	₹604 Cr	₹494 Cr	₹681 Cr
Investing	₹-177 Cr	₹-130 Cr	₹-66 Cr	₹-64 Cr	₹-109 Cr	₹-91 Cr
Financing	₹-432 Cr	₹-427 Cr	₹-494 Cr	₹-503 Cr	₹-386 Cr	₹-604 Cr
Free Cash Flow	₹529 Cr	₹518 Cr	₹541 Cr	₹604 Cr	₹494 Cr	₹681 Cr

Shareholding

Promoter 74.36% Institutions 2.77% Public 22.87%

About Tata Teleserv(Maharastra)

Telecom-Service · Telecommunications - Service Provider

Tata Teleservices (Maharashtra) Limited provides wire line voice, data, and managed telecom services to enterprise customers in Maharashtra and Goa. The company offers its information and communication solutions under the Tata Tele Business Services brand name. It provides digital solutions, including connectivity, business communications, security, marketing, and managed services. The company provides cloud and SaaS services comprising smart cloud, google workplace, Microsoft azure and Microsoft 365, smartflo and smartflo UCaaS; voice services, including Centrex, PRI, SIP trunk, SmartOffice, and international bridging service. It also offers data services comprising smart internet, Ill burstable bandwidth, SD-WAN iFLX, smart VPN-MPLS, EZ cloud connect, leased line-P2P, tele Wi-Fi, ultra-LOLA, and business and retail broadband. In addition, the company provides marketing solutions, such as toll free and call register services, hosted IVR, hosted OBD services, and SMS solutions; and cyber security services, including multifactor authentication and virtual firewall, as well as email, endpoint, and web security. It serves BFSI, IT/ITES, manufacturing, services, education, healthcare, telecom, media, entertainment, retail, and other industries. Tata Teleservices (Maharashtra) Limited was incorporated in 1995 and is headquartered in Navi Mumbai, India.

www.tatatelebusiness.com ↗

Efficiency & Working Capital

ROCE0%

Interest Coverage-1.3

Dividend Payout—

Debtor Days30 d

Inventory Days0 d

Payable Days75 d

Cash Conversion Cycle-45 d

Working Capital Days30 d

Shareholding Details

As of 2026-03-31

Promoter74.4%

FII2.6%

DII0.2%

Institutions2.8%

Public22.9%

Promoter Pledge0%

No. of Shareholders9,61,614

Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

Period	Jun 2023	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026
Promoters	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%
FIIs	2%	2.2%	2.3%	2.5%	2.4%	2.4%	2.3%	2.5%	2.8%	2.6%	2.6%	2.6%
DIIs	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.2%
Public	23.5%	23.3%	23.3%	23.1%	23.2%	23.2%	23.2%	23%	22.7%	22.9%	22.9%	22.9%
Promoter Pledge	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
No. of Shareholders	8,27,582	8,21,354	8,08,618	8,20,372	8,17,121	10,18,223	10,44,616	10,38,037	10,38,993	10,10,798	9,89,835	9,61,614

Returns History (ROE / ROCE / ROA)

Period	ROE	ROCE	ROA	P/E
202603	—	—	—	—

Major Shareholders (>1%)

Name	Category	Stake	Shares
Tata Teleservices Limited	Shareholding of Promoter and Promoter Group	48.3%	94.42 Cr
Tata Sons Private Limited	Shareholding of Promoter and Promoter Group	19.6%	38.28 Cr
The Tata Power Company Limited	Shareholding of Promoter and Promoter Group	6.5%	12.67 Cr
Panatone Finvest Limited	Shareholding of Promoter and Promoter Group	0%	17,850
Classedge Ventures Limited	Shareholding of Promoter and Promoter Group	0%	0
Infopark Real Estate Developers Limited	Shareholding of Promoter and Promoter Group	0%	0
Saltbox Infrastructure Private Limited	Shareholding of Promoter and Promoter Group	0%	0
Actve Digital Services Private Limited	Shareholding of Promoter and Promoter Group	0%	0
Agratas Energy Storage Solutions Private Limited	Shareholding of Promoter and Promoter Group	0%	0
Ai Fleet Services Ifsc Limited	Shareholding of Promoter and Promoter Group	0%	0
Air India Express Limited	Shareholding of Promoter and Promoter Group	0%	0
Air India Limited	Shareholding of Promoter and Promoter Group	0%	0
Akashastha Technologies Private Limited	Shareholding of Promoter and Promoter Group	0%	0
Aptonline Limited	Shareholding of Promoter and Promoter Group	0%	0
Ardent Properties Private Limited	Shareholding of Promoter and Promoter Group	0%	0
Arrow Infraestate Pvt Limited	Shareholding of Promoter and Promoter Group	0%	0
Artson Limited	Shareholding of Promoter and Promoter Group	0%	0
Automotive Stampings And Assemblies Limited	Shareholding of Promoter and Promoter Group	0%	0
Calsea Footwear Private Limited	Shareholding of Promoter and Promoter Group	0%	0
C-edge Technologies Limited	Shareholding of Promoter and Promoter Group	0%	0
Commotion Software Solutions India Private Limited	Shareholding of Promoter and Promoter Group	0%	0
Concept Developers & Leasing Limited	Shareholding of Promoter and Promoter Group	0%	0
Dailyninja Delivery Services Private Limited	Shareholding of Promoter and Promoter Group	0%	0
Dharamshala Ropeway Limited	Shareholding of Promoter and Promoter Group	0%	0
Durg Shivnath Expressways Private Limited	Shareholding of Promoter and Promoter Group	0%	0

Promoter Pledges

Holder	% of Holding	As of
Tata Teleservices Limited	0%	2026-03-31
Tata Sons Private Limited	0%	2026-03-31
The Tata Power Company Limited	0%	2026-03-31
Panatone Finvest Limited	0%	2026-03-31
Classedge Ventures Limited	0%	2026-03-31
Infopark Real Estate Developers Limited	0%	2026-03-31
Saltbox Infrastructure Private Limited	0%	2026-03-31
Actve Digital Services Private Limited	0%	2026-03-31
Agratas Energy Storage Solutions Private Limited	0%	2026-03-31
Ai Fleet Services Ifsc Limited	0%	2026-03-31
Air India Express Limited	0%	2026-03-31
Air India Limited	0%	2026-03-31

Board of Directors

Name	Designation	Year
Amur Swaminathan Lakshminarayanan	Chairman(Non Exe)&Dir(Non-Ind)	2026
Harjit Singh	Managing Director	2026
RAMANATHAN KUMAR	Independent Non Exe. Director	2026
Vaijayanti Pandit	Independent Non Exe. Director	2026
Narendra Jadhav	Independent Non Exe. Director	2026
Nalin Rana	Non-Exec & Non-Independent Dir	2026
AMIT GUPTA	Company Sec. & Compli. Officer	2026

Segments — Product

Segment	Revenue	Share
Tele Communication Services	₹0 Cr	—

Capital Structure (₹ Cr)

Year	Face Value	Authorised	Issued	Paid-up
2026	₹10	2,500	1,955	1,955

Related-Party Transactions (₹ Cr)

Year	Subsidiaries	Associates	Others	Total
2026	3	0	-1	71
2026	-7	-0	-1	56
2026	11	0	0	17

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