Tata Teleservices (Maharashtra) share price
NSE: TTMLBSE: 532371Telecom - ServicesSmall Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹41.86.
28 Oct: open ₹41.10, high ₹41.50, low ₹38.40
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹7,669 Cr610th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 25.64
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹659 crore of one-off items, the largest of them in the quarter to Mar 2026.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- Net worth zero or below
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business.
- Net worth zero or below
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 74.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- Net worth zero or below
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 2,49,75,8729.9% delivered
About Tata Teleservices (Maharashtra)
Tata Teleservices (Maharashtra) Limited provides telecommunication services to businesses. It offers voice, data and managed services to enterprises and carriers across India under the Tata Tele Business Services brand. Its customers range from small and medium businesses to startups and established enterprises, and it describes small and medium businesses as its main focus. It was incorporated in 1995.
Its products fall into four groups: network and connectivity, business communication, cyber security solutions and managed services. Network and connectivity covers internet leased lines, SD-WAN, broadband, business Wi-Fi and point-to-point leased lines. Business communication includes toll free services, SMS solutions and the WhatsApp Business Platform. Cyber security solutions include email security, endpoint security and data loss prevention. Managed services include managed internet services. More recent additions include Network as a Service, a bundle of an internet leased line with a managed firewall called Secured ILL, and the 1600 number series for service and transactional calls.
The company holds a Unified Licence with an Access Service Authorisation and operates in the Mumbai and Maharashtra licence service area, which serves Maharashtra and Goa. Its registered office is in Navi Mumbai. A sister company, Tata Teleservices Limited, provides telecommunication services across the rest of India, and the two share certain infrastructure to offer services across the country.
Tata Teleservices Limited is the holding company of Tata Teleservices (Maharashtra) Limited, and Tata Sons Private Limited is its ultimate holding company.
Written from the annual report for the year to Mar 2026, filed 13 May 2026.
Sources for 30 statements, each with its page
- Provides telecommunication services. Annual report, page 41
- Offers voice, data and managed services to enterprises and carriers across India under the Tata Tele Business Services brand. Annual report, page 9
- Customers include startups and established enterprises. Annual report, page 11
- Focus on small and medium businesses. Annual report, page 9
- Incorporated in 1995 (CIN year). Annual report, page 28
- Network & Connectivity group. Annual report, page 10
- Business Communication group. Annual report, page 10
- Cyber Security group. Annual report, page 10
- Managed Services group. Annual report, page 10
- Internet leased lines. Annual report, page 10
- SD-WAN. Annual report, page 10
- Broadband. Annual report, page 10
- Business Wi-Fi. Annual report, page 10
- Point-to-point leased lines. Annual report, page 10
- Toll free services. Annual report, page 10
- SMS solutions. Annual report, page 10
- WhatsApp Business Platform. Annual report, page 10
- Email security. Annual report, page 10
- Endpoint security. Annual report, page 10
- Data loss prevention. Annual report, page 10
- Network as a Service. Annual report, page 8
- Secured ILL bundles ILL with managed firewall. Annual report, page 8
- 1600 number series for service and transactional calls. Annual report, page 11
- Unified Licence with Access Service Authorisation, operates in Mumbai and Maharashtra. Annual report, page 53
- Serves Maharashtra and Goa. Annual report, page 53
- Registered office in Navi Mumbai. Annual report, page 28
- Tata Teleservices Limited serves rest of India. Annual report, page 41
- The two share infrastructure. Annual report, page 41
- TTSL is the holding company. Annual report, page 56
- Tata Sons ultimate holding company. Annual report, page 56
Results
Standalone; ₹ crore.Tata Teleservices (Maharashtra) quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −0.9%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- –
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹310 Crup 2.68%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing. Net profit in the glossary
- −₹59 CrQuarter to Jun 2026: −₹72 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- −19.1%
Revenue by quarter
Net profit by quarter, a loss in red
- Net profit
- Loss
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 333 | 308 | 284 | 286 | 294 | 296 | 302 | 310 |
| Net profit | −315 | −306 | −325 | −321 | −150 | 581 | −72 | −59 |
| Net margin | −94.7% | −99.4% | −114.3% | −112.1% | −51.1% | 196.6% | −23.9% | −19.1% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,160 Crdown 11.30%
- Net profitNet profit. Under it, net profit in the year before. A change in per cent is not worked out where either period is a loss or nothing.
- −₹215 CrYear to Mar 2025: −₹1,275 Cr
- Net margin
- −18.6%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
The years either side of a change of basis do not compare. From the year to Mar 2020, part of the business was demerged on 11 Jul 2019, and figures before the change include the part that left.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,703 | 1,869 | 1,277 | 1,078 | 1,044 | 1,094 | 1,106 | 1,192 | 1,308 | 1,160 |
| Net profit | −2,356 | −9,842 | −668 | −3,714 | −1,997 | −1,215 | −1,145 | −1,228 | −1,275 | −215 |
| Net margin | −87.2% | −526.7% | −52.3% | −344.6% | −191.3% | −111.1% | −103.5% | −103.1% | −97.5% | −18.6% |
Business segments
In the year to Mar 2026 the company reports one business segment, Telecommunications, which carries all its revenue.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −44.3% | – | – | 0.0% |
| 3 years | −17.3% | – | – | 0.0% |
| 5 years | +17.3% | – | – | 0.0% |
Mutual fund holdings
40 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 40 of the 40 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 40 funds holding Tata Teleservices (Maharashtra)
- AddedAdded. Funds that held more shares than at the end of the month before.
- 12
- CutCut. Funds that held fewer shares than at the end of the month before.
- 28
| Fund | |||
|---|---|---|---|
 Nippon India Nifty Smallcap 250 Index FundNippon India Mutual Fund | 7,77,122 | 0.08% | ₹2.67 Cr |
 HDFC Nifty Smallcap 250 ETFHDFC Mutual Fund | 6,09,794 | 0.08% | ₹2.09 Cr |
 SBI Nifty Smallcap 250 Index FundSBI Mutual Fund | 3,94,765 | 0.08% | ₹1.35 Cr |
 Motilal Oswal Nifty Smallcap 250 Index FundMotilal Oswal Mutual Fund | 2,80,024 | 0.08% | ₹0.96 Cr |
| Nippon India Nifty 500 Equal Weight Index FundNippon India Mutual Fund | 2,67,652 | 0.20% | ₹0.92 Cr |
 ICICI Prudential Nifty Smallcap 250 Index FundICICI Prudential Mutual Fund | 1,77,011 | 0.08% | ₹0.61 Cr |
| HDFC Nifty Smallcap 250 Index FundHDFC Mutual Fund | 1,69,758 | 0.08% | ₹0.58 Cr |
 JioBlackRock Nifty Smallcap 250 Index FundJio BlackRock Mutual Fund | 88,584 | 0.08% | ₹0.30 Cr |
| Motilal Oswal Nifty 500 Index FundMotilal Oswal Mutual Fund | 80,818 | 0.01% | ₹0.28 Cr |
 Tata Nifty India Digital Exchange Traded FundTata Mutual Fund | 75,343 | 0.16% | ₹0.26 Cr |
Tata Teleservices (Maharashtra) competitors and peers
Telecom - Services, 28 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Tata Teleservices (Maharashtra) in market cap.Telecommunication sector stocks
Tata Teleservices (Maharashtra) is not on the chart: it has no return on equity today
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Indus TowersINDUSTOWER | 98,403 | 13.85 | 2.49 | +5.3% | −24.1% | 18.8% | 26.9% | 3.75% |
 Bharti HexacomBHARTIHEXA | 83,270 | 45.65 | 11.62 | +7.9% | +32.8% | 27.9% | 28.1% | 1.08% |
 Tata CommunicationsTATACOMM | 47,923 | 43.42 | 14.09 | +9.1% | −33.1% | 35.3% | 14.2% | 1.04% |
 HFCLHFCL | 37,165 | 42.83 | 6.58 | +101.0% | +3,016.5% | 17.7% | 18.3% | 0.08% |
 Railtel Corporation of IndiaRAILTEL | 7,359 | 21.74 | 3.12 | +22.6% | +5.6% | 15.1% | 20.0% | 1.42% |
 Bondada EngineeringBONDADA | 3,116 | – | – | – | – | – | – | 0.10% |
 Pace DigitekPACEDIGITK | 3,069 | 9.98 | 1.39 | – | – | 13.9% | 13.9% | 0.00% |
 Route MobileROUTE | 2,741 | 7.85 | 0.94 | +0.9% | +104.1% | 12.8% | 13.8% | 2.76% |
Latest announcements
Routine notices left out.Tata Teleservices (Maharashtra) announcements
Oct 2026
14 Oct · Management
14 Oct · Management
Tata Teleservices (Maharashtra) annual report, year to Mar 2026
Tata Teleservices (Maharashtra) share price by year
Each calendar year to 2025.Tata Teleservices (Maharashtra) share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 49.57 | −34.3% | 82.73 | 45.65 |
| 2024 | 75.49 | −17.6% | 106.07 | 66.65 |
| 2023 | 91.65 | −1.2% | 107.90 | 50.35 |
| 2022 | 92.75 | −55.1% | 290.15 | 82.95 |
| 2021 | 206.35 | +2,495.6% | 206.35 | 7.85 |
| 2020 | 7.95 | +261.4% | 8.35 | 1.80 |
| 2019 | 2.20 | – | 4.00 | 2.20 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 40.44 | 42.61 | 40.20 | 41.86 | 41.52 | 6,91,92,205 | 6.3% |
| 26 Oct 2026 | 37.05 | 43.14 | 36.00 | 41.53 | 39.82 | 13,66,09,411 | 5.4% |
| 23 Oct 2026 | 40.90 | 40.99 | 32.80 | 37.68 | 35.75 | 16,69,64,939 | 4.6% |
| 22 Oct 2026 | 32.12 | 38.47 | 31.65 | 38.01 | 35.76 | 20,90,10,072 | 6.5% |
| 21 Oct 2026 | 32.87 | 33.18 | 31.92 | 32.06 | 32.31 | 9,63,733 | 39.7% |
| 19 Oct 2026 | 33.55 | 33.89 | 32.76 | 32.87 | 33.10 | 8,71,621 | 51.4% |
| 16 Oct 2026 | 33.46 | 33.84 | 33.15 | 33.55 | 33.54 | 8,96,447 | 40.7% |
| 15 Oct 2026 | 33.90 | 33.90 | 33.26 | 33.46 | 33.54 | 8,33,681 | 39.6% |
| 14 Oct 2026 | 33.70 | 34.00 | 33.46 | 33.92 | 33.81 | 9,77,415 | 44.4% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 11 Jul 2019 | Demerger | – | Part of the business became a separate company, and the price change it caused could not be read, so earlier prices are not shown. |
| 10 Oct 2017 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for. |
| 7 Aug 2013 | Bonus | 0.8824 | Holders received 2 bonus shares for every 15 held. |
| 21 Jan 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
Company details
- NSE symbol
- TTML
- BSE code
- 532371
- ISIN
- INE517B01013
- Industry
- Telecom - Services
- Former symbols
- TATATELSER, HUGHESTELE
- Website
- www.tatateleservices.com
- CIN
- L64200MH1995PLC086354
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1995
- Registered office
- D-26, TTC Industrial Area, MIDC Sanpada, P.O. Turbhe, Navi Mumbai 400703, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments