Mahanagar Telephone Nigam (NSE:MTNL) Construction In Progress: ₹125 Mil (As of Mar. 2026)


NSE:MTNL Mahanagar Telephone Nigam Ltd NSE:MTNL
52 GF Score
Price ₹30.44
GF Value ₹44.97
Valuation Possible Value Trap
! 4 Warning Signs
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What is Mahanagar Telephone Nigam Construction In Progress?

Mahanagar Telephone Nigam NSE:MTNL +1.87% 52 Construction In Progress is ₹125 Mil as of Mar. 2026. GuruFocus rates NSE:MTNL with a GF Score™ of 52/100 and a GF Value™ of ₹44.97 (Possible Value Trap). The stock has 4 warning signs investors should review.

Mahanagar Telephone Nigam's quarterly construction in progress declined from Sep. 2025 (₹238 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹125 Mil).

Mahanagar Telephone Nigam's annual construction in progress declined from Mar. 2024 (₹882 Mil) to Mar. 2025 (₹328 Mil) and declined from Mar. 2025 (₹328 Mil) to Mar. 2026 (₹125 Mil).

Mahanagar Telephone Nigam Construction In Progress Historical Data

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The historical data trend for Mahanagar Telephone Nigam's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mahanagar Telephone Nigam Construction In Progress Chart

Mahanagar Telephone Nigam Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 739.80 611.50 882.10 328.10 125.30

Mahanagar Telephone Nigam Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 328.10 0.00 237.50 0.00 125.30
NSE:MTNL
52GF Score
Mahanagar Telephone Nigam Ltd NSE:MTNL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Mahanagar Telephone Nigam Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹125 Mil mean?
Mahanagar Telephone Nigam (NSE:MTNL) has a Construction In Progress of ₹125 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Mahanagar Telephone Nigam and its competitors.
Is Mahanagar Telephone Nigam's Construction In Progress too high?
Mahanagar Telephone Nigam's current Construction In Progress is ₹125 Mil. Overall, Mahanagar Telephone Nigam has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mahanagar Telephone Nigam's Construction In Progress compare to TMUS and VZ?
Mahanagar Telephone Nigam's Construction In Progress of ₹125 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Telecommunication Services company?
A good Construction In Progress depends on the Telecommunication Services industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Mahanagar Telephone Nigam and its competitors. Mahanagar Telephone Nigam's current Construction In Progress is ₹125 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahanagar Telephone Nigam stock overvalued right now?
Based on GuruFocus' analysis, Mahanagar Telephone Nigam (NSE:MTNL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹44.97, compared to a current price of ₹30.44 — trading 32.3% below its estimated fair value. The current Construction In Progress is ₹125 Mil. Mahanagar Telephone Nigam's overall GF Score™ is 52/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Mahanagar Telephone Nigam (NSE:MTNL), the current Construction In Progress is ₹125 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mahanagar Telephone Nigam (NSE:MTNL) Overvalued in 2026?

Based on GuruFocus' analysis, Mahanagar Telephone Nigam stock appears to be undervalued. The current stock price of ₹30.44 is trading 32.3% below its estimated GF Value™ of ₹44.97. GuruFocus considers Mahanagar Telephone Nigam to be Possible Value Trap.

Key valuation signals for NSE:MTNL:

  • Construction In Progress: ₹125 Mil
  • GF Value™: ₹44.97 vs. price of ₹30.44 (32.3% below fair value)
  • GF Score™: 52/100 with 4 warning signs

No single metric tells the full story. See the NSE:MTNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mahanagar Telephone Nigam Business Description

Other Exchanges 500108:India
Address Lodhi Road, 5th Floor, 9, CGO Complex, Mahanagar Doorsanchar Sadan, New Delhi, IND, 110 003
Mahanagar Telephone Nigam Ltd is an India-based company that provides telecommunications services. The company's operating segment includes the Basic and Cellular segments. It generates maximum revenue from the Basic segment. The company offers various telecom services, including fixed telephone service, GSM (including 3G services), Internet, Broadband, ISDN, and Leased Line services.
52GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹30.44
Price
₹44.97
GF Value