# TTML share price today (Tata Teleservices (Maharashtra) Ltd, NSE: TTML)

> TTML share price today: ₹35.13 at the NSE close on 4 November 2026, down 35.5% in a year. Tata Teleservices (Maharashtra) (NSE: TTML) is worth ₹6,871 crore and has closed between ₹32.89 and ₹54.45 over the past 52 weeks. > Tata Teleservices (Maharashtra) Ltd's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. TTML · Telecom Services · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/tata-teleservices-maharashtraltd

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## Key numbers

- Price: ₹35.13 (−35.5% in a year)
- Revenue (Sep 2026): ₹310 Cr (+8.4% on a year ago)
- Profit (Sep 2026): −₹59.0 Cr
- Operating margin: 53.0% (+4.0 points on a year ago)
- ROCE: 56%, FY26
- ROIC: 36.2%, against a 12.0% cost of capital: +24.2 points

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the TTML share price today? Tata Teleservices (Maharashtra) Ltd's share price was ₹35.13 at the close on 4 November 2026. It has been falling for 105 weeks. That is 15.7% 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 10% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running. Over the last 11 years the share price moved +461% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. 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. ## What changed at TTML this quarter? 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%. ## What are TTML's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹310 crore | ₹286 crore | +8.4% |
| Profit | loss of ₹59.0 crore | loss of ₹321 crore | n/a |
| Earnings per share | ₹−0.30 | ₹−1.64 | n/a |
| Operating margin | 53.0% | 49.0% | +4.0 points |

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.)

## What is the TTML share price history? TTML closed at ₹35.13 on 4 November 2026, down 35.5% from ₹54.45 a year earlier (7 November 2025) and down 44.9% over five years. Its highest weekly close since March 2016 was ₹263.20 on 7 January 2022. ### TTML share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹34.32 | +2.4% |
| 1 month ago · 1 Oct 2026 | ₹34.82 | +0.9% |
| 6 months ago · 8 May 2026 | ₹44.10 | −20.3% |
| 1 year ago · 7 Nov 2025 | ₹54.45 | −35.5% |
| 3 years ago · 3 Nov 2023 | ₹87.30 | −59.8% |
| 5 years ago · 4 Nov 2021 | ₹63.80 | −44.9% |
| 10 years ago · 4 Nov 2016 | ₹6.72 | +422.8% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹6.26 | +461.2% |
| Highest weekly close since March 2016 · 7 Jan 2022 | ₹263.20 | −86.7% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹1.85 | +1,798.9% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹54.45 | −35.5% |
| 52-week low (weekly close) · 9 Oct 2026 | ₹32.89 | +6.8% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on TTML? 4 Nov 2026: TTML closed at ₹35.13, up 2.4% on the week and up 0.9% on the month. Results for July to September 2026: Revenue up 8.4% on a year earlier. ## What dividend does TTML pay? 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 5 November 2026.)

## Which stock lists is TTML on? TTML is on one of our India lists: Penny stocks. [Penny stocks](https://www.sectoralpha.in/penny-stocks-india)

## Is TTML profitable? 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. ## How much revenue does TTML make, and is it growing? 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. 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). ## How much of every ₹100 of sales does TTML keep? 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. 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. ## Is TTML's profit turning into cash? 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. 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. ## Where does TTML's cash go? 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. 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. ## What is TTML's P/E ratio, and how does it compare with its own history? 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 5.9× its FY26 revenue of ₹1,160 Cr. The P/E comes back here once profit turns positive. ## Is the TTML business getting better or worse? 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. 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. ## How much does TTML earn on its capital? 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). 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. ## Does TTML have too much debt? 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. ## What is the TTML shareholding pattern? 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. 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%. ## How far is TTML from balance-sheet trouble? 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. ## How does TTML rank in its industry? 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. ## Which companies is TTML compared with? TTML ranks 7 of 16 Telecom Services companies on the 4-Factor Sector Score, with 50.5 out of 100. 1. [Bharti Airtel Ltd](https://www.sectoralpha.in/stocks/bharti-airtel-ltd) BHARTIARTL · turning · Most evidence points up · 89% evidence 75.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Revenue 19.6% · Profit -9.4% · Operating margin change 1 points · 88% evidence Capital efficiency 21.4/25 · ROCE 17.6% · Operating margin 57% · 100% evidence Valuation 15.1/20 · P/E 39.4× · PEG 0.69 · 65% evidence Relative strength 18.0/20 · Lead over its industry 8.8% · Lead over NIFTY 500 7.5% · 1 year -3.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 20.6 + 21.4 + 15.1 + 18 = 75.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Bharti Hexacom Ltd](https://www.sectoralpha.in/stocks/bharti-hexacom-ltd) BHARTIHEXA · breaking out · Most evidence points up · 74% evidence 69.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 7.9% · Profit 32.8% · Operating margin change 2 points · 88% evidence Capital efficiency 21.2/25 · ROCE 21.4% · Operating margin 53% · 100% evidence Valuation 12.1/20 · P/E 44.3× · PEG 1.18 · 65% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 7.5% · 1 year -12.1% · 25% evidence · 5 of 12 weeks ahead Exact sum: 24.3 + 21.2 + 12.1 + 12 = 69.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [HFCL Ltd](https://www.sectoralpha.in/stocks/hfcl-ltd) HFCL · leader · Most evidence points up · 75% evidence 69.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.0/35 · Revenue 100% · Profit 100% · Operating margin change 7 points · 95% evidence Capital efficiency 12.8/25 · ROCE 10.8% · Operating margin 25% · 76% evidence Valuation 9.8/20 · P/E 40.8× · PEG n/a · 15% evidence Relative strength 16.9/20 · Lead over its industry 78% · Lead over NIFTY 500 70.2% · 1 year 214.7% · 100% evidence · 10 of 12 weeks ahead Exact sum: 30 + 12.8 + 9.8 + 16.9 = 69.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [ADC India Communications Ltd](https://www.sectoralpha.in/stocks/adc-india-communications-ltd) KRONECOMM · breaking out · Evidence leans up · 78% evidence 58.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 19% · Profit 0.3% · Operating margin change 4 points · 83% evidence Capital efficiency 18.1/25 · ROCE 31.4% · Operating margin 17.1% · 76% evidence Valuation 6.4/20 · P/E 44.7× · PEG n/a · 50% evidence Relative strength 17.4/20 · Lead over its industry 28.7% · Lead over NIFTY 500 24.8% · 1 year 41.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 16.9 + 18.1 + 6.4 + 17.4 = 58.8 · What this means: Relative strength against the index is 24.8%, and revenue and profit growth are weak. 5. [Indus Towers Ltd](https://www.sectoralpha.in/stocks/indus-towers-ltd) INDUSTOWER · turning · Evidence leans up · 100% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.6/35 · Revenue 5.3% · Profit -24% · Operating margin change -2 points · 100% evidence Capital efficiency 20.1/25 · ROCE 19.5% · Operating margin 54% · 100% evidence Valuation 16.8/20 · P/E 14× · PEG 0.46 · 100% evidence Relative strength 10.6/20 · Lead over its industry -2.5% · Lead over NIFTY 500 -3.5% · 1 year 4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 8.6 + 20.1 + 16.8 + 10.6 = 56.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. [Tata Communications Ltd](https://www.sectoralpha.in/stocks/tata-communications-ltd) TATACOMM · turning · Evidence leans up · 93% evidence 55.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 9.1% · Profit -34% · Operating margin change 2 points · 100% evidence Capital efficiency 17.0/25 · ROCE 14.6% · Operating margin 21% · 100% evidence Valuation 7.9/20 · P/E 39.4× · PEG 2.22 · 65% evidence Relative strength 15.1/20 · Lead over its industry 4.3% · Lead over NIFTY 500 2.4% · 1 year -10.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.9 + 17 + 7.9 + 15.1 = 55.9 · What this means: Relative strength against the index is 2.4%, and revenue and profit growth are weak. 7. Tata Teleservices (Maharashtra) Ltd this page TTML · basing · Evidence leans up · 74% evidence 50.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue -0.7% · Profit 100% · Operating margin change 4 points · 74% evidence Capital efficiency 17.9/25 · ROCE 55.6% · Operating margin 53% · 100% evidence Valuation 8.7/20 · P/E 182.8× · PEG n/a · 15% evidence Relative strength 6.9/20 · Lead over its industry -13.6% · Lead over NIFTY 500 -14.6% · 1 year -37.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17 + 17.9 + 8.7 + 6.9 = 50.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Suyog Telematics Ltd](https://www.sectoralpha.in/stocks/suyog-telematics-ltd) SUYOG · quiet · Evidence leans down · 78% evidence 48.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.0/35 · Revenue 11.4% · Profit 50% · Operating margin change -1 points · 83% evidence Capital efficiency 16.2/25 · ROCE 14.4% · Operating margin 60% · 76% evidence Valuation 12.6/20 · P/E 8.7× · PEG n/a · 50% evidence Relative strength 0.0/20 · Lead over its industry -33.1% · Lead over NIFTY 500 -34.4% · 1 year -42.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20 + 16.2 + 12.6 + 0 = 48.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Vodafone Idea Ltd](https://www.sectoralpha.in/stocks/vodafone-idea-ltd) IDEA · quiet · Evidence leans down · 71% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.5/35 · Revenue 3.3% · Profit 100% · Operating margin change 1 points · 65% evidence Capital efficiency 6.1/25 · ROCE -1.7% · Operating margin 43% · 100% evidence Valuation 11.3/20 · P/E 3.6× · PEG n/a · 15% evidence Relative strength 11.3/20 · Lead over its industry 5.8% · Lead over NIFTY 500 3.3% · 1 year 35.5% · 100% evidence · 2 of 12 weeks ahead Exact sum: 18.5 + 6.1 + 11.3 + 11.3 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [NELCO Ltd](https://www.sectoralpha.in/stocks/nelco-ltd) NELCO · quiet · Evidence leans down · 68% evidence 39.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.5/35 · Revenue 6.2% · Profit -7.5% · Operating margin change 1.5 points · 100% evidence Capital efficiency 8.7/25 · ROCE 7.2% · Operating margin 11.6% · 100% evidence Valuation 8.5/20 · P/E 254× · PEG n/a · 15% evidence Relative strength 9.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -8% · 1 year -22.5% · 25% evidence · 7 of 12 weeks ahead Exact sum: 13.5 + 8.7 + 8.5 + 9.1 = 39.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [GTL Infrastructure Ltd](https://www.sectoralpha.in/stocks/gtl-infrastructure-ltd) GTLINFRA · basing · Too little evidence to rank firmly · 56% evidence 39.3 out of 100 Growth Capital Valuation Relative
12. [ITI Ltd](https://www.sectoralpha.in/stocks/iti-ltd) ITI · quiet · Most evidence points down · 71% evidence 34.2 out of 100 Growth Capital Valuation Relative
13. [Tejas Networks Ltd](https://www.sectoralpha.in/stocks/tejas-networks-ltd) TEJASNET · basing · Most evidence points down · 71% evidence 28.6 out of 100 Growth Capital Valuation Relative
14. [OnMobile Global Ltd](https://www.sectoralpha.in/stocks/onmobile-global-ltd) ONMOBILE · basing · Most evidence points down · 65% evidence 25.3 out of 100 Growth Capital Valuation Relative
15. [Sar Televenture Ltd](https://www.sectoralpha.in/stocks/sar-televenture-ltd) SARTELE · Too little evidence to rank firmly · 39% evidence 58.7 out of 100 Growth Capital Valuation Relative
16. [Mahanagar Telephone Nigam Ltd](https://www.sectoralpha.in/stocks/mahanagar-telephone-nigam-ltd) MTNL · basing · Too little evidence to rank firmly · 46% evidence 37.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Telecom Services](https://www.sectoralpha.in/sectors/telecom-services), all 16 compared on one page. ## Which companies are close to TTML in size? TTML is the 9th largest of 16 Telecom Services companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: HFCL, ITI and Tejas Networks. Just below it: NELCO, Mahanagar Telephone Nigam and GTL Infrastructure. ### Telecom Services companies close in size

1. [HFCL Ltd](https://www.sectoralpha.in/stocks/hfcl-ltd) ₹35,401 crore
2. [ITI Ltd](https://www.sectoralpha.in/stocks/iti-ltd) ₹20,799 crore
3. [Tejas Networks Ltd](https://www.sectoralpha.in/stocks/tejas-networks-ltd) ₹7,178 crore
4. Tata Teleservices (Maharashtra) Ltd ₹6,709 crore
5. [NELCO Ltd](https://www.sectoralpha.in/stocks/nelco-ltd) ₹1,543 crore
6. [Mahanagar Telephone Nigam Ltd](https://www.sectoralpha.in/stocks/mahanagar-telephone-nigam-ltd) ₹1,400 crore
7. [GTL Infrastructure Ltd](https://www.sectoralpha.in/stocks/gtl-infrastructure-ltd) ₹1,268 crore

[All 16 Telecom Services companies, largest first](https://www.sectoralpha.in/sectors/telecom-services#all-companies)

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2. [JK Paper Ltd](https://www.sectoralpha.in/stocks/jk-paper-ltd) ₹6,711 crore · Paper
3. Tata Teleservices (Maharashtra) Ltd ₹6,709 crore
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## What else do people ask about TTML? ### What is TTML's share price today? Tata Teleservices (Maharashtra) Ltd's share price is ₹35.13, −35.5% over the past year. The whole company is worth ₹6,871 Cr on the market. In the last 52 weeks it traded between ₹33 to ₹54; today it is 10% of the way up from the low, 15.7% below its 200-day average (as of 4 November 2026). ### What were TTML's latest quarterly results? Tata Teleservices (Maharashtra) Ltd reported revenue of ₹310 Cr and a net loss of ₹59.0 Cr for the Sep 2026 quarter. Earnings per share were −₹0.30. The operating margin was 53.0%, 4.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is TTML's market cap? Tata Teleservices (Maharashtra) Ltd's market capitalisation is ₹6,871 Cr at a share price of ₹35.13. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is TTML performing? Tata Teleservices (Maharashtra) Ltd's share price has been falling for 105 weeks. Over the past 13 weeks it has done worse than the NIFTY 500, for 2 weeks running. This describes what the data did, not a rating (as of 4 November 2026). ### Will TTML's share price go up? This page does not forecast Tata Teleservices (Maharashtra) Ltd's share price. What it shows instead: the share price is ₹35.13, and it has been falling for 105 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026). ### Who owns TTML? Promoters own 74.4% of Tata Teleservices (Maharashtra) Ltd, foreign institutions 2.4%, domestic institutions 0.2% and the public 23.0% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 4 November 2026). ### Does TTML have too much debt? No, Tata Teleservices (Maharashtra) Ltd has little debt: its debt is −1.04× its equity, and its operating profit is 1 times its interest bill. FY26 borrowings were ₹20,869 Cr against equity of −₹19,983 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is TTML in its business cycle? Tata Teleservices (Maharashtra) Ltd's FY26 operating margin was 53.0%, against a 15-year range of −28.0% to 53.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 53.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the TTML story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is TTML a stock worth studying right now? What the numbers show: Tata Teleservices (Maharashtra) Ltd's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ## Lists

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