Close 2026-08-21 1267 scanned A

TTML

Tata Teleservices (Maharashtra) Limited
TelecommunicationMid capRs 7,386 crRs 4.2 cr traded a dayDigital
Close on 2026-08-21
37.78
+0.88%
52-week range23% of the way up
31.3658.79
Market cap
7,386 cr
P/E (TTM)
170.8×
industry 48×
EPS (TTM)
0.22
Revenue YoY
-6.8%
Q1 FY27
Net margin
-23.9%
+76.0pt vs a year ago
Growth trend
+1.8pt
vs last quarter’s YoY
1 month
-4.1%
Below 52w high
55.6%
RSI (14)
21
oversold
Daily swing
1.9%
average true range
Volume
0.8×
vs 20-day average
Traded
Rs 4 cr
median day
Close200-day averageMaterial filing
30405060Aug 25Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26
260 sessions · hover for the filing behind a move
1 week
−2.10%
1 month
−4.11%
3 months
−12.04%
6 months
−9.81%
1 year
−35.70%

The read

written from the numbers on this page
The evidence leans negative1 supporting, 5 against, 1 worth knowing

Supporting

  • net margin has widened from -94.7% to -23.9% across four quarters

Against

  • trading 13% below its 200-day average
  • down 36% over twelve months
  • 1 of the scans it matches has historically underperformed the market
  • revenue fell 7% year on year in the quarter ending 2026-06-30
  • priced at 171× earnings against an industry median of 48× — 258% above its peers

Worth knowing

  • RSI at 21 is washed out — historically the better half of this site's measured edge comes from exactly this condition
TTML sits in Digital — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close back above 43, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

read from the filings, with the figure behind every line
Working3

Net margin moved from -96.2% to -23.9%.

-96.2%-23.9%

Operating cash flow was Rs 668 cr against Rs 43 cr of profit over four quarters, 1544% of it.

Rs 668 crRs 43 cr1544%

Borrowings are -1.03 times owners' equity, Rs 20,663 cr against Rs -19,983 cr.

-1.03Rs 20,663 crRs -19,983 cr
Needs watching1

Revenue -12.2% year on year, Rs 344 cr to Rs 302 cr.

-12.2%Rs 344 crRs 302 cr
Every figure here is computed from the company’s own filings. The wording is generated directly from the figures.

How it has performed

price return over each window, measured against zero
-2.1%1W-4.1%1M-12.0%3M-9.8%6M-35.7%1Y

What the scans say today

1 of 47 matched on 2026-08-21
TTML matches 1 of the 47 scans today, across 1 different kinds of evidence.

Quality of the business

balance sheet as at 2026-03-31
Return on capital
6.4%
pre-tax profit over equity plus borrowings
Net debt
20,648 cr
borrowings less cash
Cash conversion
1544%
operating cash flow as a share of profit
Receivable days
28
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.

Recent filings

from the exchange, newest first
Other filing filings were typically -0.08pt vs the market over the next 5 sessions (n=12,093) · Results filings were typically -0.52pt vs the market over the next 5 sessions (n=7,520) · Management filings were typically -0.01pt vs the market over the next 5 sessions (n=1,988)

The business

from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
296323324344333294296302-103.9%196.6%-23.9%Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q3 FY26Q4 FY26Q1 FY27
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • nothing clear in the filed numbers

Going against it

  • revenue fell 7% against the same quarter a year earlier
  • profit dropped 78% year on year
  • net margin narrowed from 196.6% to -23.9%
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q1 FY27
2026-06-30 · standalone
302-72-72-23.9%
Q4 FY26
2026-03-31 · standalone
2965815812.97196.6%
Q3 FY26
2025-12-31 · standalone
294-150-150-51.1%
Q3 FY25
2024-12-31 · standalone
333-315-315-1.61-94.7%
Q2 FY25
2024-09-30 · standalone
344-330-330-1.69-96.2%
Q1 FY25
2024-06-30 · standalone
324-323-323-1.65-100.0%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-7.6%
Versus 200-day average-12.8%
Below 52-week high-35.7%
Above 52-week low+20.5%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)21.3
Higher closes in last 51 of 5
Six-month return−9.81%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)1.92%
Volume versus 20-day0.8x
Median daily turnoverRs 4.2 cr

Peers

Telecommunication · 13 classified companies
TTML trades at 170.8× trailing earnings against an industry median of 47.7× across 11 other classified companies in its industry — more expensive than them, by 258%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
CompanyMarket cap (Rs cr)P/E1 month1 yearTurnover (Rs cr)
IDEA151,0304.0+5.61%+114.13%398.3
INDUSTOWER99,12713.9−3.72%+14.05%168.4
BHARTIHEXA79,56043.6−1.04%−10.23%22.5
TATACOMM47,18247.7−8.07%+6.70%36.8
HFCL34,89257.7+10.14%+224.43%409.2
STLTECH30,730141.0+14.27%+365.42%112.3
ITI26,888102.2+0.59%−7.50%6.2
TEJASNET9,252+2.64%−12.86%52.3
RAILTEL9,21926.6−0.10%−18.45%12.2
TTML7,386170.8−4.11%−35.70%4.2
OPTIEMUS4,79165.9−12.24%−12.11%8.9
ROUTE3,16411.9−16.35%−41.25%9.9
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet