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Tata Teleservices (Maharashtra) Limited (TTML)

Large Cap

Telecom stocks · Large cap · NSE

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.

₹37.74
-0.27 · -0.71%
Quote04 Sept, 03:59 pm IST
Fundamentals05 Sept 2026 · screener
Score05 Sept, 10:20 pm IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage11/14 · 79%
Valuation2026-07-20 · Rf 6.8% · Telecom P/E 37.3 (n=16)
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 is acceptable, price trend argues for patience, 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
31

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

Trust
Healthy Trust
70

low confidence · 0/0 claims checked

Technical
Bearish
37

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 30 Jun 2026

Bad · 25/100

Rev +6% YoY · margin expansion

Filed 22 Jul 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹302 Cr+6.3%+2.0%
EBITDA₹165 Cr+12.2%+1.2%
Operating margin55.0%+300 bps+0 bps
PAT₹-72 CrNDF-112.4%
PAT margin-23.8%+9060 bps-22012 bps

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

Business & thesis

Growth engines, tailwinds/headwinds, and risk radar from management commentary

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 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Management accountability

What management said, and what results must prove

Technical timing lens

Trend score and candlestick chart

37Bearish

full bear SMA stack · SMA20 -4.8% / mo · MACD +

Stock trend: 27
Sector RS: 51
Sector 3M: -1.2% vs Nifty -1.5%

Technical chart

TTMLdaily · 1Y · AUTO-3.5%
Latest close ₹37.74 on 2026-09-04
Bar
-0.7%
RSI
43
MACD hist
0.14
52W pos
22%
2026-09-04O ₹38.00H ₹38.45L ₹37.65C ₹37.74Vol 13.8L sh
₹30.29₹35.39₹40.48₹45.57₹50.6752L37.742026-032026-06VolRSIMACD2026-032026-042026-062026-072026-09
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal

Daily technical trend read

Bearish setup

Trend is weak — long-term trend down. RSI 43.

  • Price < SMA20 < SMA50 < SMA200 — full bearish stack.
  • SMA20 falling (~5.1% over last month) — short-term momentum negative.
  • RSI(14) at 43 — falling, no extreme reading.
  • MACD above signal but histogram contracting — bullish momentum cooling.
  • 38% off 52W high · 21% 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.

Nifty 500 leadership

Relative Strength & Trend Stage

10
RS percentile
Stage 4 Downtrend
1M return
-4.1%
3M return
-12.9%
6M return
-4.0%
1Y return
-35.8%
RS 1D
-1
RS 20D
+1
Sector rank
#13
Industry rank
#18
Stage evidence
  • Price is 7.9% below the 30-week proxy.
  • The 50-DMA is below the 30-week proxy and its slope is falling -2.0%.
  • Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
264 observations
04 Sept 2026Value 61.93-0.72%
56687991102Aug 25Dec 25Apr 26Sept 2662
RS vs Nifty 50062

Valuation & score drivers

U-Score 31 · OVERVALUED · pillar breakdown, sector model, fair-value anchor

31U-SCORE
Distress Watch

Fundamental score breakdown

OVERVALUED
Valuation0/30
Growth7/25
Quality5/20
Balance Sheet4/15
Cash Flow10/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
31

Why this score?

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

31/100 · OVERVALUED

Positive drivers

  • FCF yield is supportive at 7.8%.
  • Piotroski is strong at 7/9.
  • Cash flow contributes 10/10 to the score.

Main drags

  • Altman Z is 1.3, in distress territory.
  • Fair-value margin of safety is negative at -1512.3%.
  • 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
36.2
ROE
ROCE
55.6%
FCF Yield
7.8%
Debt/Equity
0.0
MoS
-1512.3%
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: 05 Sept 2026
v4.3-runtime-valuation
Final score
31
Previous: 31
Verdict
OVERVALUED
Previous: OVERVALUED
Margin of safety
-1512.3%
Previous: -1512.3%

Score history

12 stored score snapshots. Latest stored move: +0 points.

05 Sept 2026
v4.3-runtime-valuation
31
31
31
11
15
15
15
15
11
31
31
31

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
Growth-justified P/E
12.3
Growth-justified Value
₹2.34
-1512.3% MoS
PEG

Trust score

Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth

Trust Score
70Healthy 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.

Healthy Trust: Claim history is still being built. It ranks around the 63rd percentile of the scored universe and 85th percentile within Telecom. Main check: results consistency is weak at 33/100.

Healthy Trust Lite: Promoter holding is 74.4%. Key concern: Altman Z is 1.25.

Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 0 concalls text-extracted
Score band
Healthy Trust

Generally investable credibility. Look for weak sub-scores before increasing position size.

Relative rank
63rd percentile

overall median 67 · Telecom: 85th pctile, median 66 · Large: 41st pctile, median 73

Evidence depth
Financial-only

7 documents have extracted text, 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

Healthy 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
Acceptable, but check the weakest sub-score before increasing exposure.

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
89
strong · profit to cash conversion
Balance sheet
48
watch · leverage and solvency
Discipline
82
strong · capital discipline
Results
33
weak · quarterly consistency

Trust positives

  • Promoter holding is 74.4%.
  • Promoter pledge is zero.
  • FCF yield is 7.8%.
  • 8 years of positive FCF.

Trust risks

  • Altman Z is 1.25.
  • Interest coverage is 0.6x.
  • 1/4 latest quarters had positive YoY revenue growth.
  • OPM spread across recent quarters is 20%.

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

Financials

Full fundamentals table and 10-year revenue / profit / ROE history

Fundamentals

Valuation

P/E
P/B
EV/EBITDA
36.17
Market Cap
7378.00Cr

Profitability

ROE
ROCE
55.60%
ROA
2.83%
Dividend Y

Growth (CAGR)

Revenue 5Y
2.00%
EPS 5Y
5.00%
Revenue 3Y
2.00%
EPS 3Y
7.00%

Balance Sheet

Debt/Equity
0.00
Interest Coverage
0.57×
Altman Z
1.25
Book Value
-102.00

Cash Flow

FCF Yield
7.82%
FCF Positive Y
8/5
OCF
668.00 Cr
EPS TTM
0.19

Shareholding

Promoter Hold
74.36%
Promoter Pledge
0.00%
Momentum 52W
25%

Financial History

Updated 5/9/2026

Revenue

₹ Cr
No data

Net Profit

₹ Cr
No data

Return on Equity

%
No data

Peers

Business-comparable names in Telecom, ranked by similarity

Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.