NSE: TTML · BSE: 532371 · ISIN INE517B01013
Tata Teleservices (Maharashtra) Limited stock analysis
Tata Teleservices (Maharashtra) Limited ranks #290 in the TickerSutra evidence-ranked universe with a score of 67/100 and 95% data confidence. The latest captured fundamentals show ROCE of 55.6%, quarterly sales growth of 6.1% and quarterly profit growth of 77.5%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 55.6%
- Low debt/equity of -1.04×
- Strong CFO/EBITDA of 1.08×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,094cr | ₹468cr | ₹-1,215cr | 43.0% |
| 2023 | ₹1,106cr | ₹492cr | ₹-1,145cr | 45.0% |
| 2024 | ₹1,192cr | ₹527cr | ₹-1,228cr | 44.0% |
| 2025 | ₹1,308cr | ₹571cr | ₹-1,275cr | 44.0% |
| 2026 | ₹1,160cr | ₹617cr | ₹-215cr | 53.0% |
| TTM | ₹1,178cr | ₹643cr | ₹38cr | 55.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
The Exchange has sought clarification from Tata Teleservices (Maharashtra) Ltd on September 29, 2026, with reference to news appeared in https://www.moneycontrol.com/ dated September 29, ....
RoutineNews VerificationNSE · 29 Sept 2026The Exchange has sought clarification from Tata Teleservices (Maharashtra) Limited with respect to recent news item captioned Tata Chemicals, TMPV shares fall up to 3% after Trusts' proposal dims Tata Sons' listing hopes.. The response from the Company is awaited.
RoutineTata Teleservices (Maharashtra) Ltd - 532371 - Volume Movement LetterBSE · 29 Sept 2026Clarification relating to "Volume Movement Letter".
RoutineSpurt in VolumeNSE · 29 Sept 2026Significant increase in volume has been observed in Tata Teleservices (Maharashtra) Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Tata Teleservices (Maharashtra) Limited has submitted their response.
RoutineTata Teleservices (Maharashtra) Ltd - 532371 - Clarification sought from Tata Teleservices (Maharashtra) LtdBSE · 29 Sept 2026The Exchange has sought clarification from Tata Teleservices (Maharashtra) Ltd on September 29, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.
MANAGEMENT COMMENTARY
Signals from filed documents
Globally, 5G FWA and satellite deployments have largely been restricted to niche scenarios where fibre deployment is not viable. Margin pressures remain an area of focus, driven by declining data realisations amid intensifying competition. Aggressive pricing strategies, bundled offerings, and increased participation from new entrants in the SME segment may impact margins and contribute to higher customer churn.
All Network and IT systems have a comprehensive BCP/ DR mechanism to ensure high availability across the components to provide world class stability. Collaboration with industry experts and compliance with regulatory standards ensure system stability and customer data privacy. Human Capital Development Opportunity Employee training and development offer TTML the opportunity to enhance workforce skills, improve perfor
In case of any inconsistency between the provisions of law and this remuneration policy, the provisions of the law shall prevail, and the company shall abide by the applicable law. − Within the parameters prescribed by law, the payment of sitting fees and commission will be recommended by the NRC and approved by the Board. − Overall remuneration (sitting fees and commission) should be reasonable and sufficient to attr
Harjit is an Officer of the ’96 batch of the Tata Administrative Services and has been associated with several companies in the Group such as Tata Housing, Tata AutoComp Systems, Tata Communications and Neotel before joining TTL in 2012. Harjit has close to three decades of experience in P&L Management, Corporate Strategy & Planning, M&A, Business Development and Operations in Domestic and international markets and h
The facility of participation at the AGM through VC/OAVM will be made available to at least 1,000 Members on a first-come first-served basis as per the MCA Circulars. However, the large shareholders (holding 2% or more), promoters, institutional investors, Directors, KMP , Chairperson of Audit Committee, Stakeholders’ Relationship Committee, Nomination and Remuneration Committee, Auditors etc. may be allowed to atten
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…