IP
IndiaPulse

TTML

Large Cap

Tata Teleservices (Maharashtra) Limited

Telecom

Tata Teleservices (Maharashtra) Limited operates in Telecom Services, within the Telecom sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹43.4
-0.08 · -0.18%
Quote09 Jun, 10:02 am
Fundamentals08 Jun 2026 · screener
Score08 Jun, 11:00 pm · v4.2-nightly
Tags02 May 2026
Data confidence
Fresh enough for analysis
Investor decision lenses

One read, four checks

75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.

Weak fundamentals, management trust needs verification, price trend is neutral, and recent execution is weak.

Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
OVERVALUED
22

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Trust
Mixed Trust
55

low confidence · 0/0 claims checked

Technical
Neutral
46

Timing lens: price trend and sector relative strength.

Result consistency
weak
33

Rolling lens: recent quarterly delivery, not the latest single-result score.

Latest result

Quarter ended 31 Mar 2026

Bad · 0/100

Rev -4% YoY · margin expansion

Filed 31 Mar 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹296 Cr-3.9%+0.7%
EBITDA₹163 Cr+6.5%-6.9%
Operating margin55.0%+500 bps-500 bps
PAT₹581 CrNDFNDF
PAT margin196.3%+29563 bps+24730 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Business and thesis

Issuer presentation review pending

Tata Teleservices (Maharashtra) Limited operates in Telecom Services, within the Telecom sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Technical timing lens

Trend score and candlestick chart

46Neutral

SMA20 -2.7% / mo

Stock trend: 43
Sector RS: 51
Sector 3M: +0.3% vs Nifty +0.1%

Technical chart

TTMLdaily · 1Y-19.7%
Latest close ₹43.35 on 2026-06-09
Bar
-1.0%
RSI
52
MACD hist
0.09
52W pos
50%
Hover for OHLC, volume, and indicators. Use range buttons above the chart to zoom.
₹30₹37₹43₹50₹5752H52L2025-122026-03Vol2025-112026-012026-022026-042026-06
Up bar
Down bar
Volume
Result date
SMA 50
RSI(14)

Technical trend read

Bearish setup

Trend is weak — long-term trend unclear. RSI 52.

  • SMA20 falling (~2.1% over last month) — short-term momentum negative.
  • RSI(14) at 52 — falling, no extreme reading.
  • MACD above signal but histogram contracting — bullish momentum cooling.
  • 22% off 52W high · 39% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Deep research

Valuation, score drivers, trust methodology, financials, and peers

Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.

22U-SCORE
Distress Watch

Fundamental score breakdown

OVERVALUED
Valuation0/30
Growth11/25
Quality0/20
Balance Sheet5/15
Cash Flow1/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
22

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

22/100 · OVERVALUED

Positive drivers

  • Piotroski is strong at 7/9.
  • Growth contributes 11/25 to the score.
  • Balance sheet contributes 5/15 to the score.

Main drags

  • Altman Z is 0.2, in distress territory.
  • Fair-value margin of safety is negative at -95.5%.
  • Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model

Telecom valuation: EV/EBITDA against ARPU, debt, and capex

Telecom needs enterprise-value and cash-flow framing because leverage is structurally important.

Telecom EV/EBITDA
Primary lens
EV/EBITDA and debt-adjusted cash generation.
Secondary checks
ARPU growth, subscriber quality, spectrum liabilities, capex intensity.
Main risk check
High EBITDA can still be weak equity value if debt and capex absorb cash.
PE
PB
EV/EBITDA
108.7
ROE
ROCE
-12.7%
FCF Yield
Debt/Equity
0.0
MoS
-95.5%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 08 Jun 2026
v4.2-nightly
Final score
22
Previous: 22
Verdict
OVERVALUED
Previous: OVERVALUED
Margin of safety
-95.5%
Previous: -95.8%

Score history

12 stored score snapshots. Latest stored move: -10 points.

08 Jun 2026
v4.2-nightly
26
32
24
24
24
24
24
24
32
32
32
22

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Trust Score
55Mixed Trust · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Mixed Trust: Claim history is still being built. It ranks around the 15th percentile of the scored universe and 19th percentile within Telecom. Main check: results consistency is weak at 33/100.

Mixed Trust Lite: Promoter holding is 74.4%. Key concern: Altman Z is 0.22.

Computed 08 Jun 2026
management-trust-v1
5 docs indexed · 0 concall links
Score band
Mixed Trust

Usable, but needs evidence. Treat guidance with a margin of safety.

Relative rank
15th percentile

overall median 67 · Telecom: 19th pctile, median 67 · Large: 10th pctile, median 74

Evidence depth
Financial-only

5 documents indexed, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Mixed Trust · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
86
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
62
acceptable · leverage and solvency
Discipline
48
watch · capital discipline
Results
33
weak · quarterly consistency

Trust positives

  • Promoter holding is 74.4%.
  • Promoter pledge is zero.
  • Debt/equity is 0.00.

Trust risks

  • Altman Z is 0.22.
  • Only 0 years of positive FCF.
  • ROCE is low at -12.7%.
  • 0/4 latest quarters had positive YoY revenue growth.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Intrinsic value

Graham Number
DCF Fair PE
60.0
DCF Fair Value
₹22.2
-95.5% MoS
PEG

Fundamentals

Valuation

P/E
P/B
EV/EBITDA
108.72
Market Cap
8502.00Cr

Profitability

ROE
ROCE
-12.70%
ROA
1.37%
Dividend Y

Growth (CAGR)

Revenue 5Y
15.00%
EPS 5Y
15.00%
Revenue 3Y
-18.00%
EPS 3Y
-18.00%

Balance Sheet

Debt/Equity
0.00
Interest Coverage
-1.77×
Altman Z
0.22
Book Value
-2.87

Cash Flow

FCF Yield
FCF Positive Y
0/5
OCF
246.00 Cr
EPS TTM
0.37

Shareholding

Promoter Hold
74.36%
Promoter Pledge
0.00%
Momentum 52W
26%

Financial History

Updated 9/6/2026

Revenue

₹ Cr
Latest: 1,160-11.3% vs prev
02703Mar 2017: 2,703Mar 2018: 1,869Mar 2019: 1,277Mar 2020: 1,078Mar 2021: 1,044Mar 2022: 1,094Mar 2023: 1,106Mar 2024: 1,192Mar 2025: 1,308Mar 2026: 1,160FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Net Profit

₹ Cr
Latest: -215+83.1% vs prev
-98420Mar 2017: -2,356Mar 2018: -9,842Mar 2019: -668Mar 2020: -3,714Mar 2021: -1,997Mar 2022: -1,215Mar 2023: -1,145Mar 2024: -1,228Mar 2025: -1,275Mar 2026: -215FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Return on Equity

%
No data
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.