Mahanagar Telephone Nigam enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


1,431	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
137	137	181	85.1	166
35,425	35,425	32,368	30,028	28,174
36,719	—	—	—	—
35,288	35,288	32,188	29,943	28,008
₹582.83	—	—	—	—

5,466	5,466	5,449	6,384	7,319
648.2%	648.2%	594.0%	470.4%	384.9%
0.96×	—	—	—	—

37.67×	—	—	—	—
−300.97×	—	—	—	—
−53.79×	—	—	—	—
242.30×	—	—	—	—
975	956	698	799	935
−122	−142	−480	−488	−446
−683	−710	−1,092	−1,154	−1,176
—	176	340	130	63.8
152	152	304	57.0	20.2
—	152	304	56.8	19.8
—	24.9	35.8	73.1	43.7

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

alphave

MTNL₹22.71

Mahanagar Telephone Nigam Limited

· Telecom & Media

₹ CroreMcap ₹1,431 Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Current/LTM TTM · last close
Market Capitalization	—	—	—	—	1,430.7
- Cash, Equiv & ST Investments	166.4	85.1	180.8	137.4	137.4
+ Total Debt	28,174.0	30,027.8	32,368.3	35,425.3	35,425.3
Enterprise Value	—	—	—	—	36,718.6
Net Debt (memo)	28,007.6	29,942.8	32,187.6	35,287.9	35,287.9
EV per Share	—	—	—	—	582.83

Total Capital	7,319.1	6,383.7	5,449.4	5,465.5	5,465.5
Total Debt/Total Capital	384.94	470.38	593.98	648.16	648.16
Total Debt/EV	—	—	—	—	0.96

EV/Sales	—	—	—	—	37.67
EV/EBITDA	—	—	—	—	-300.97
EV/EBIT	—	—	—	—	-53.79
EV/Free Cash Flow	—	—	—	—	242.30
Reference Items — Trailing FY Values
Sales	935.2	798.6	698.0	956.4	974.7
EBITDA	-445.8	-487.8	-480.3	-141.7	-122.0
EBIT	-1,175.6	-1,154.2	-1,092.5	-710.2	-682.6
Operating Cash Flow	63.8	130.1	339.8	176.4	—
Free Cash Flow	20.2	57.0	304.1	151.5	151.5
FCFF (free cash flow to the firm)	19.8	56.8	303.6	151.5	—
Capital Expenditure	43.7	73.1	35.8	24.9	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). 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%.