Mahanagar Telephone Nigam Limited
MTNL was set up by the government in April 1986 to improve the quality of telecommunication (telecom) services, expand the telecom network and introduce new telecom services in Delhi and Mumbai. MTNL has a large backhaul capacity of transmission cabl...
Key Metrics
EPS
-41.32
Current ratio
0.59
Debt/Equity
-1.76
Debt/EBITDA
88.30
Interest coverage ratio
-0.21
Operating Cashflow to total debt
-0.01
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Trustee-administered payment structure, designed to ensure full and timely payment to investors
Credit enhancement provided by comprehensive, unconditional and irrevocable guarantee from the government
Liquidity: Superior
Cons
Non-adherence to terms of the transaction guarantee structure/payment mechanism
Delays in receipt of funds in the designated account
Any change in the support philosophy of the government
Disclaimer: Tap Bonds gathers data directly from the respective OBPP websites but does not guarantee its accuracy. We do not offer investment advice or endorse the purchase of any securities mentioned, nor do we warrant the reliability of the information collected.
About Mahanagar Telephone Nigam Limited bond.
This comprehensive profile covers key factual information about Mahanagar Telephone Nigam Limited. MTNL was set up by the government in April 1986 to improve the quality of telecommunication (telecom) services, expand the telecom network and introduce new telecom services in Delhi and Mumbai. MTNL has a large backhaul capacity of transmission cables, towers and optical fibres in the two circles. The company had 2.14 million subscribers for mobile services and 2.29 million subscribers with fixed-line telephone connections as on April 30, 2023. EPS in Mar-2024 was -41.32. Current ratio in Mar-2024 was 0.59. Debt/Equity in Mar-2024 was -1.76. Debt/EBITDA in Mar-2024 was 88.30. Interest coverage ratio in Mar-2024 was -0.21. Operating Cashflow to total debt in Mar-2024 was -0.01. Total revenue for Mar-2025(E) was ₹1116.35. Net income for Mar-2025(E) stood at ₹-2868.86. Total assets as of Mar-2024 were ₹10,745.25. Operating cash flow for Mar-2024 was ₹130.10. The company’s borrowing relationships include Bank of Baroda (₹N/A Cr), Bank of India (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Punjab National Bank (₹N/A Cr), Union Bank of India (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), Bank of India (₹N/A Cr), Punjab & Sind Bank (₹N/A Cr), Punjab National Bank (₹N/A Cr), State Bank of India (₹N/A Cr), UCO Bank (₹N/A Cr), Union Bank of India (₹N/A Cr), Proposed (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr). Peers and comparison entities consist of Mahanagar Telephone Nigam Limited, Bharti Airtel Limited, Bharti Hexacom Limited, Vodafone Idea Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Trustee-administered payment structure, designed to ensure full and timely payment to investors ; Credit enhancement provided by comprehensive, unconditional and irrevocable guarantee from the government; Liquidity: Superior. Key risks include: Non-adherence to terms of the transaction guarantee structure/payment mechanism; Delays in receipt of funds in the designated account; Any change in the support philosophy of the government. Leadership team details include A Robert J Ravi (Chairman & Managing Director), Deepika Mahajan (Independent Director), Kalyan Sagar Nippani (Director - Technical), Niraj Verma (Government Director), Piyush Ranjan Nishad (Independent Director), Rajiv Kumar (Director - Finance), Ratan Mani Sumit (Company Secretary & Compliance Officer), Sandeep Govil (Director), Sarv Daman Bharat (Independent Director), Shivendu Gupta (Government Director), Sultan Ahmed (Chief Financial Officer), Vishwas Pathak (Independent Director), Yogesh Kumar Tamrakar (Independent Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.