NSEI:TTML

Stock Analysis Report

Tata Teleservices (Maharashtra)

Executive Summary

Tata Teleservices (Maharashtra) Limited provides wireline voice, data, and managed telecom services to retail and enterprise customers in Maharashtra and Goa, India.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Share Price & News

How has Tata Teleservices (Maharashtra)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.7%

TTML

0.9%

IN Wireless Telecom

1.4%

IN Market


1 Year Return

-33.3%

TTML

-6.6%

IN Wireless Telecom

2.3%

IN Market

Return vs Industry: TTML underperformed the Indian Wireless Telecom industry which returned -6.6% over the past year.

Return vs Market: TTML underperformed the Indian Market which returned 2.3% over the past year.


Shareholder returns

TTMLIndustryMarket
7 Day-3.7%0.9%1.4%
30 Day-14.8%-0.4%2.7%
90 Day-23.5%-4.7%-1.4%
1 Year-33.3%-33.3%-1.2%-6.6%4.3%2.3%
3 Year-58.4%-58.4%-4.6%-18.3%20.9%14.9%
5 Year-71.3%-71.3%-13.1%-30.6%41.2%28.2%

Price Volatility Vs. Market

How volatile is Tata Teleservices (Maharashtra)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tata Teleservices (Maharashtra) undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Tata Teleservices (Maharashtra) is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Tata Teleservices (Maharashtra) has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of TTML’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Tata Teleservices (Maharashtra) regulatory filings.
  • Explore potentially undervalued companies in the Telecom industry.

Future Growth

How is Tata Teleservices (Maharashtra) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.5%

Forecasted Telecom industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tata Teleservices (Maharashtra) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Tata Teleservices (Maharashtra) performed over the past 5 years?

-37.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TTML is unprofitable, and losses have increased over the past 5 years at a rate of -37.6% per year.

Accelerating Growth: Unable to compare TTML's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TTML is unprofitable, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (-3%).


Return on Equity

High ROE: TTML's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: TTML is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: TTML is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Tata Teleservices (Maharashtra)'s financial position?


Financial Position Analysis

Short Term Liabilities: TTML has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: TTML has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: TTML has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: TTML's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: TTML has a low level of unsold assets or inventory.

Debt Coverage by Assets: TTML has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TTML has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TTML has less than a year of cash runway if free cash flow continues to grow at historical rates of 28.7% each year.


Next Steps

Dividend

What is Tata Teleservices (Maharashtra)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage4.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate TTML's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TTML's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if TTML's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TTML's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TTML's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Tata Teleservices (Maharashtra)'s salary, the management and board of directors tenure and is there insider trading?

6.0yrs

Average management tenure


CEO

Srinath Narasimhan (57yo)

8.7yrs

Tenure

0

Mr. Srinath Narasimhan, B.E. (Mech), MBA, has been the Managing Director of Tata Teleservices Limited and Managing Director of Tata Teleservices (Maharashtra) Limited since February 1, 2011. Mr. Narasimhan ...


Management Age and Tenure

6.0yrs

Average Tenure

61.5yo

Average Age

Experienced Management: TTML's management team is seasoned and experienced (6 years average tenure).


Board Age and Tenure

1.1yrs

Average Tenure

57yo

Average Age

Experienced Board: TTML's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Gopal Pai (62yo)

    General Manager of Sales

    • Tenure: 21yrs
    • Compensation: ₹3.19m
  • Raghuveer Sujir (65yo)

    Additional Vice President of Network

    • Tenure: 0yrs
    • Compensation: ₹2.54m
  • A. Sarma (61yo)

    Additional Vice President of Network

    • Tenure: 0yrs
    • Compensation: ₹2.74m
  • Mohan Ranganathan (67yo)

    General Manager of Project

    • Tenure: 0yrs
    • Compensation: ₹1.22m
  • Kush Bhatnagar (50yo)

    Chief Financial Officer

    • Tenure: 3.4yrs
    • Compensation: ₹9.91m
  • Hari Subrahmanian (50yo)

    General Manager of Human Resources

    • Tenure: 0yrs
  • Milesh Ruparel (62yo)

    President of Corporate - SCM

    • Tenure: 0yrs
  • Srinath Narasimhan (57yo)

    MD & Executive Director

    • Tenure: 8.7yrs
  • Hiten Koradia

    Manager of Investor Relations

    • Tenure: 0yrs
  • Vrushali Dhamnaskar

    Assistant Company Secretary & Compliance Officer

    • Tenure: 1.3yrs
    • Compensation: ₹807.56k

Board Members

  • Ankur Verma (43yo)

    Non Independent Non Executive Director

    • Tenure: 1.1yrs
    • Compensation: ₹160.00k
  • Hiroo Mirchandani (58yo)

    Independent Non-Executive Director

    • Tenure: 4.6yrs
    • Compensation: ₹800.00k
  • Narendra Jadhav (66yo)

    Independent Non-Executive Director

    • Tenure: 0.5yrs
  • Srinath Narasimhan (57yo)

    MD & Executive Director

    • Tenure: 8.7yrs
  • Thambiah Elango (54yo)

    Non-Independent Non-Executive Director

    • Tenure: 0.5yrs

Company Information

Tata Teleservices (Maharashtra) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tata Teleservices (Maharashtra) Limited
  • Ticker: TTML
  • Exchange: NSEI
  • Founded: 1995
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Market Cap: ₹5.083b
  • Shares outstanding: 1.95b
  • Website: https://www.tatateleservices.com

Number of Employees


Location

  • Tata Teleservices (Maharashtra) Limited
  • Voltas Premises
  • A, E and F Blocks
  • Mumbai
  • Maharashtra
  • 400033
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532371BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2001
TTMLNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2001

Biography

Tata Teleservices (Maharashtra) Limited provides wireline voice, data, and managed telecom services to retail and enterprise customers in Maharashtra and Goa, India. The company provides its wireline and b ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 12:45
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.