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MTNL Share Price

36.05
+0.12 (0.33%)
MTNL • 19 Dec, 2025 | 03:29 PM
Buywith MTF at 2.65x leverage

1Y Annualised Return

-33.89%

3Y Annualised Return

7.35%

5Y Annualised Return

20.01%

10Y Annualised Return

4.96%

The current prices are delayed, login or Open Demat Account for live prices.

MTNL Stock Performance

1W Return-2.20
1Y Return-33.67
Today's Low35.72
Prev. Close35.93
Mkt Cap (Cr.)2,271.15
1M Return-8.90
3Y Return26.05
52-Week High58.2
Open35.81
PE Ratio0.00
6M Return-23.62
Today's High36.64
52-Week Low34
Face Value10

MTNL Company background

Founded in: 1986
Managing director: A Robert J Ravi

Mahanagar Telephone Nigam Limited (MTNL) was established in April 1986 by the Government of India with the primary objective of upgrading telecom services, expanding the telecom network, and introducing innovative solutions. This endeavor aimed to support India’s growing communication needs in its key metros: Delhi, the political capital, and Mumbai, the business hub of the nation. As a public sector enterprise, MTNL sought to generate revenue for furthering telecom development while maintaining its commitment to quality and customer satisfaction. Today, MTNL operates as a wholly owned subsidiary of Bharat Sanchar Nigam Limited (BSNL), focusing on providing telecommunication services in Mumbai and Delhi, two of the most prominent cities in India.

MTNL's roots in Mumbai trace back to 1882, during the pre-independence era, when it operated as Bombay Telephone. Over the decades, the company has been at the forefront of technological advancements, transitioning its entire telephone exchange network to a state-of-the-art digital mode. This transformation set a benchmark in the telecom sector, ensuring efficiency, reliability, and superior quality. MTNL has consistently introduced innovative services, including voice, telex, wireless, data communication, and telematics, which have kept the company relevant in the ever-evolving telecom landscape.

The company has a history of being an early adopter and pioneer in telecom technologies. In 1986, MTNL introduced India's first digital exchange with world-class technology, marking a significant milestone. In 1992, the company further revolutionized telecom services by introducing Voice Mail Service, followed by the launch of Integrated Services Digital Network (ISDN) services in 1996, enabling simultaneous voice, video, and data transmission.

In 1997, MTNL brought Wireless in Local Loop (WLL) technology to the market, enhancing connectivity in urban and suburban areas. The company also rolled out value-added services such as dynamic locking, call waiting, call transfer, and hotlines. Interactive Voice Response System (IVRS) services, including local assistance and fault booking, became a key feature, ensuring customer convenience. Furthermore, MTNL was a pioneer in launching toll-free services in Delhi in 1998, offering businesses an essential tool for customer engagement.

The year 1999 marked MTNL's foray into internet services, positioning itself as a leader in digital communication. By leveraging its extensive infrastructure, MTNL introduced CLI-based Internet Express Service in 2001, catering to the rising demand for digital connectivity. The launch of prepaid GSM mobile services under the Trump brand in 2002 further strengthened its market presence. The company’s commitment to innovation extended to the development of communication software under its ComSoft initiative, focusing on e-commerce, e-governance, and intelligent networking.

MTNL's ambitions transcended national boundaries. The company formed a joint venture, United Telecom Ltd. (UTL), in Nepal in 2001 to provide WLL-based basic services. Additionally, MTNL established Mahanagar Telephone Mauritius Limited (MTML) as a 100% subsidiary to provide basic, mobile, and international long-distance services in Mauritius. This strategic move allowed MTNL to diversify its revenue streams and gain international experience.

In 2003, MTNL introduced CDMA 1x 2000 technology under the Garuda brand, followed by ADSL-based broadband services in a pilot project. These initiatives laid the groundwork for the launch of TRI BAND broadband services in 2005, providing customers with high-speed internet. MTNL continued its technological advancements by partnering with global leaders like Nokia and Samsung for handset manufacturing and with Red Hat for software solutions through its CETTM training center.

MTNL's collaboration with Software Technology Parks of India (STPI) in 2006 resulted in the creation of MTNL-STPI IT Services Ltd., a joint venture aimed at offering niche portal services. The company restructured Millennium Telecom Ltd. (MTL) as a joint venture with BSNL, strengthening its focus on value-added services. These collaborations underscored MTNL's strategic vision of leveraging partnerships to enhance its capabilities and market reach.

MTNL’s commitment to infrastructure development saw the commissioning of an IP/MPLS core network in 2008 in Delhi and Mumbai. This network facilitated the convergence of services, enabling MTNL to deliver high-quality voice, data, and video communication. Between 2011 and 2019, the company focused on expanding its 3G network, enhancing data speeds to 21 Mbps (downlink) and 5.76 Mbps (uplink). By redeploying old equipment and upgrading existing nodes, MTNL improved coverage in areas like Faridabad and Ghaziabad.

In 2023-24, MTNL achieved another milestone by launching 4G services in Delhi and Mumbai. This development was accompanied by significant upgrades to its infrastructure, including the installation of firewalls and the migration of landline and FTTH voice subscribers to BSNL’s network. The company also introduced a revenue-sharing model to engage partners for extending its FTTx services, ensuring the delivery of high-speed broadband across urban and rural regions.

In recent years, MTNL has undergone operational realignment, with the management of its mobile services in Delhi and Mumbai being handed over to BSNL in 2021. This move was aimed at optimizing resources and enhancing service delivery. MTNL has also streamlined its internet traffic routing through BSNL, eliminating dependency on external providers for international internet bandwidth.

MTNL has been recognized for its efforts in cost reduction and service excellence, earning awards and accolades in the telecom industry. The company’s commitment to providing affordable, world-class telecom services has helped it retain its relevance in a competitive market. Additionally, the Mahanagar Telephone Nigam Share Price remains a point of interest for investors, reflecting MTNL's strategic initiatives and market potential.

MTNL envisions becoming a global player in the telecom sector, aspiring to find a place among the Fortune 500 companies. By focusing on innovation, partnerships, and customer-centric services, MTNL is poised to continue its legacy of excellence while adapting to the challenges of a dynamic industry.

This comprehensive background of MTNL highlights its journey of innovation, resilience, and commitment to technological advancement. The company's strategic initiatives, including the introduction of advanced services and its foray into global markets, underscore its pivotal role in shaping India’s telecom landscape.

MTNL Financial Highlights


For the full year FY2025–2026, revenue reached ₹1378.52 crore and profit touched at ₹-3329.51 crore.

MTNL Share Price Today


As of 20 Dec 2025, MTNL share price is ₹36. The stock opened at ₹35.8 and had closed at ₹35.9 the previous day. During today’s trading session, MTNL share price moved between ₹35.72 and ₹36.64, with an average price for the day of ₹36.18. Over the last 52 weeks, the stock has recorded a low of ₹34.00 and a high of ₹58.20. In terms of performance, MTNL share price has declined by 23.6% over the past six months and has declined by 33.89% over the last year.
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MTNL SIP Return Calculator
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MTNL Fundamental

Market Cap (in crs)

2,271.15

Face Value

10

Turnover (in lacs)

532.29

Key Metrics

Qtr Change %
38.06% Fall from 52W High
-20.1
Dividend yield 1yr %
0

MTNL Key Financials

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MTNL Quarterly Revenue
MTNL Yearly Revenue
MTNL Quarterly Net Profit/Loss
MTNL Yearly Net Profit/Loss

MTNL Result Highlights

  • Mahanagar Telephone Nigam Ltd reported a 6.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 32.3%.

  • Its expenses for the quarter were up by 2.7% QoQ and down 2.9% YoY.

  • The net profit increased 1.8% QoQ and increased 7.9% YoY.

  • The earnings per share (EPS) of Mahanagar Telephone Nigam Ltd declined at 15.24 during Q2 FY 2025-26.

    Read more

Data Source: BSE, Company announcements

The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results.

MTNL Shareholding Pattern

Promoter
56.2%
Domestic Institutions
13.5%
Public
30.2%

MTNL Technical Analysis

Moving Averages Analysis
36.05
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
Day EMA5
36.20
Day EMA10
36.50
Day EMA12
36.60
Day EMA20
37.30
Day EMA26
37.70
Day EMA50
39.30
Day EMA100
41.50
Day EMA200
43.60
Delivery & Volume
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Day

34.00%

Week

21.50%

Month

30.00%

Delivery & Volume

36.14
Pivot
Resistance
First Resistance
36.55
Second Resistance
37.06
Third Resistance
37.47
Support
First Support
35.63
Second support
35.22
Third Support
34.71
Relative Strength Index
36.99
Money Flow Index
75.34
MACD
-1.09
MACD Signal
-1.14
Average True Range
1.35
Average Directional Index
17.73
Rate of Change (21)
-9.01
Rate of Change (125)
-24.26
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MTNL Latest News

18 DEC 2025 | Thursday
18 DEC 2025 | Thursday
15 DEC 2025 | Monday

Please be aware that MTNL stock prices are subject to continuous fluctuations due to various factors.

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