TTML share price today

Tata Teleservices (Maharashtra) Ltd's share price was ₹39.77 at the close on 6 November 2026. It has been falling for 105 weeks. That is 4.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹33 and ₹54, and at that close it sat 33% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Tata Teleservices (Maharashtra) Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +535% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit up on a year earlier for 5 quarters in a row, foreign funds (FIIs) cut their stake for 3 quarters in a row and operating margin up 4 points on a year earlier.

1. Profit up on a year earlier for 5 quarters in a row

   In the September 2026 quarter profit was ₹-59 crore, +81.6% on a year earlier.

2. Foreign funds (FIIs) cut their stake for 3 quarters in a row

   From 2.6% to 2.4% of the company by the September 2026 quarter.

3. Operating margin up 4 points on a year earlier

   53% in the September 2026 quarter, from 49%.

For July to September 2026 (the quarter ended 30 September 2026), TTML reported revenue of ₹310 crore, up 8.4% from ₹286 crore a year earlier, and a loss of ₹59.0 crore.

TTML results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

TTML closed at ₹39.77 on 6 November 2026, down 27.0% from ₹54.45 a year earlier (7 November 2025) and down 37.7% over five years. Its highest weekly close since March 2016 was ₹263.20 on 7 January 2022.

TTML share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 6 November 2026.

6 Nov 2026: TTML closed at ₹39.77, up 15.9% on the week and up 20.9% on the month. Results for July to September 2026: Revenue up 8.4% on a year earlier.

TTML has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Tata Teleservices (Maharashtra) Ltd paid out 0% of its profit as dividends in each of its last 15 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 7 November 2026.

TTML is on one of our India lists: Penny stocks.

Tata Teleservices (Maharashtra) Ltd posted a net loss of ₹59.0 Cr in the Sep 2026 quarter. The full FY26 year was a loss of ₹215 Cr. That loss is 19.0% of the quarter's revenue. The same quarter a year earlier lost ₹321 Cr. 11 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Tata Teleservices (Maharashtra) Ltd reported ₹310 Cr of revenue in the Sep 2026 quarter, +8.4% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown −9.0% a year on average. The last full year, FY26, came in at ₹1,160 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,202 Cr.

FY26 revenue was ₹1,160 Cr, −11.3% on the year before.

Recent pace: the last four quarters grew −0.2% on average, against −9.0% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −0.7%, against −3.4% a year over the last 8 quarters (stabilising).

Tata Teleservices (Maharashtra) Ltd's operating margin was 53.0% in the Sep 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 15 years it has been between −28.0% and 53.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +4.2 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Tata Teleservices (Maharashtra) Ltd's cash-flow history is too short to judge how much of its profit turns into cash. In FY26 it brought in ₹668 Cr of operating cash against −₹215 Cr of profit. After ₹276 Cr of spending on assets, ₹392 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Tata Teleservices (Maharashtra) Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 30 days in FY26, up from 27 days in FY21. It spent ₹653 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,160 Cr, each day of that cycle ties up about ₹3.2 Cr, so roughly ₹95.0 Cr is tied up in the business at any time.

Spending on assets: ₹653 Cr over the last 3 years, against ₹460 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹28.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Tata Teleservices (Maharashtra) Ltd has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Tata Teleservices (Maharashtra) Ltd at 6.7× its FY26 revenue of ₹1,160 Cr. The P/E comes back here once profit turns positive.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Tata Teleservices (Maharashtra) Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Tata Teleservices (Maharashtra) Ltd earned a ROCE of 56% in FY26. That is up from a low of −13% in FY11. Its return on capital used (ROIC) is 24.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a −18.5% net margin and 0.87× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a −18.5% net margin × 0.87× asset turnover × −0.07× leverage (assets divided by equity) ≈ 1.1% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 36.2% − 12.0% = +24.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

Tata Teleservices (Maharashtra) Ltd's net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from −1.05 in FY22 to −1.04 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

No group of Tata Teleservices (Maharashtra) Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved +0.0 points over the same period, to 74.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +0.1 points over 8 quarters, to 0.2%; Promoters: +0.0 points over 8 quarters, to 74.4%; Foreign institutions: +0.0 points over 8 quarters, to 2.4%.

For Tata Teleservices (Maharashtra) Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

50.5 out of 100, rank 7 of 16 in Telecom Services, with 74% of the evidence available.

Tata Teleservices (Maharashtra) Ltd scores 50.5 out of 100 against the 16 companies it is compared with in Telecom Services, ranking 7. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 17 + 17.9 + 8.7 + 6.9 = 50.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

TTML ranks 7 of 16 Telecom Services companies on the 4-Factor Sector Score, with 50.5 out of 100.