Mahanagar Telephone Nigam cash flow

Latest FY26

Cash from operations: ₹176cr−48.1% on FY25
Capital spending: ₹24.9cr−30.4% on FY25
Free cash flow: ₹152cr−50.2% on FY25
Cash from financing: −₹19.3cr−₹215 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	568	612	666	730
	—	2,983	2,918	2,690	2,354
	—	−22.9	−23.5	−20.3	−10.7
	—	−411	−90.5	24.8	48.5
	—	0.0	0.0	−15.2	−4.5
	—	−3.0	−0.4	−4.6	1.2
	—	220	−67.2	−0.4	−31.4
	—	−60.4	84.7	78.2	24.2
	—	−325	−246	−64.6	10.2
	—	87.8	1.4	8.9	111
	—	6.5	8.8	−0.3	−3.3
	—	32.5	−77.8	46.3	−16.1
	—	174	108	76.9	131
	—	26.2	−134	−91.5	−389
	—	−98.1	365	−34.7	−11.4
	—	−34.7	−10.8	−10.3	−65.2
	—	0.0	−5.1	5.4	52.4
	—	134	129	70.4	62.4
Cash from operating activities
	−3,008	−3,109	−3,330	−3,270	−2,917
	—	3,278	3,571	3,425	2,994
	—	169	241	156	77.3
	—	−7.2	−98.9	25.6	13.5
	—	176	340	130	63.8
Cash from investing activities
	—	24.9	35.8	73.1	43.7
	—	419	0.0	0.0	0.0
	—	0.6	1.7	1.4	1.3
	—	14.4	11.2	14.9	7.0
	—	−609	−5.8	164	−138
	—	−201	−28.7	107	−174
Cash from financing activities
	—	0.0	0.0	6,661	10,903
	—	1,830	2,507	0.0	3,650
	—	0.0	258	4,438	12,296
	—	17.3	49.1	65.3	77.7
	—	1,832	2,415	2,477	2,002
	—	−19.3	−215	−319	177
	—	−43.4	95.7	−81.3	67.1
	—	−43.4	95.7	−81.3	67.1
	—	—	—	85.1	166
Reference items
	−122	−142	−480	−488	−446
	−12.5%	−14.8%	−68.8%	−61.1%	−47.7%
	152	152	304	57.0	20.2
	—	1,377	229	−566	—
	₹2.41	₹2.41	₹4.83	₹0.90	₹0.32
	9.33×	—	—	—	—
	—	−0.06×	−0.10×	−0.04×	−0.02×
	—	−7.2	−98.9	25.6	13.5
	—	1,832	2,415	2,477	2,002

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

MTNL₹22.44

Mahanagar Telephone Nigam Limited

· Telecom & Media

₹ CroreMcap ₹1,414 Cr

View

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	729.7	666.4	612.2	568.5	—
+ Finance Costs	2,354.4	2,689.9	2,918.2	2,983.1	—
+ Interest Income	-10.7	-20.3	-23.5	-22.9	—
+ Other Non-cash Items	48.5	24.8	-90.5	-411.3	—
+ Other Reconciling Items	-4.5	-15.2	0.0	0.0	—
Changes in Working Capital
+ Inventories	1.2	-4.6	-0.4	-3.0	—
+ Trade Receivables — Current	-31.4	-0.4	-67.2	220.0	—
+ Other Financial Assets — Current	24.2	78.2	84.7	-60.4	—
+ Other Financial Assets — Non-current	10.2	-64.6	-246.3	-324.5	—
+ Other Current Assets	111.3	8.9	1.4	87.8	—
+ Other Non-current Assets	-3.3	-0.3	8.8	6.5	—
+ Trade Payables — Current	-16.1	46.3	-77.8	32.5	—
+ Other Financial Liabilities — Current	131.5	76.9	108.1	174.0	—
+ Other Financial Liabilities — Non-current	-389.0	-91.5	-134.5	26.2	—
+ Other Current Liabilities	-11.4	-34.7	365.3	-98.1	—
+ Other Non-current Liabilities	-65.2	-10.3	-10.8	-34.7	—
+ Provisions — Current	52.4	5.4	-5.1	0.0	—
+ Provisions — Non-current	62.4	70.4	128.6	134.1	—
Cash from Operating Activities
Profit Before Tax (per I/S)	-2,916.9	-3,269.5	-3,330.1	-3,108.5	-3,007.5
+ Total Adjustments (incl. Working Capital)	2,994.2	3,425.3	3,571.1	3,277.8	—
Cash from Operations (pre-tax)	77.3	155.7	241.0	169.3	—
+ Income Taxes Paid	13.5	25.6	-98.9	-7.2	—
Cash from Operating Activities	63.8	130.1	339.8	176.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	43.7	73.1	35.8	24.9	—
+ Disp of Fixed Assets	0.0	0.0	0.0	418.8	—
+ Dividends Received — Investing	1.3	1.4	1.7	0.6	—
+ Interest Received — Investing	7.0	14.9	11.2	14.4	—
+ Other Inflows / (Outflows) — Investing	-138.3	164.2	-5.8	-609.3	—
Cash from Investing Activities	-173.8	107.4	-28.7	-200.5	—
Cash from Financing Activities
+ Proceeds from Debentures / Notes / Bonds	10,902.9	6,661.0	0.0	0.0	—
+ Proceeds from Borrowings	3,650.0	0.0	2,507.4	1,829.7	—
+ Repayment of Borrowings	12,295.9	4,437.8	258.3	0.0	—
+ Payment of Lease Liabilities	77.7	65.3	49.1	17.3	—
+ Interest Paid	2,002.2	2,476.7	2,415.4	1,831.7	—
Cash from Financing Activities	177.1	-318.8	-215.5	-19.3	—
Net Changes in Cash (pre-FX)	67.1	-81.3	95.7	-43.4	—
Net Changes in Cash	67.1	-81.3	95.7	-43.4	—
Closing Cash	166.4	85.1	—	—	—
Reference Items
EBITDA	-445.8	-487.8	-480.3	-141.7	-122.0
EBITDA Margin %	-47.67	-61.09	-68.81	-14.82	-12.52
Free Cash Flow (CFO − Capex)	20.2	57.0	304.1	151.5	151.5
Free Cash Flow to Equity	—	-565.9	229.2	1,376.7	—
Free Cash Flow per Basic Share	0.32	0.90	4.83	2.41	2.41
Price to Free Cash Flow	—	—	—	—	9.33
Cash Flow to Net Income	-0.02	-0.04	-0.10	-0.06	—
Cash Paid for Taxes	13.5	25.6	-98.9	-7.2	—
Cash Paid for Interest	2,002.2	2,476.7	2,415.4	1,831.7	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.