Mahanagar Telephone Nigam (NSE:MTNL) EBIT: ₹-1,240 Mil (TTM As of Mar. 2026)


NSE:MTNL Mahanagar Telephone Nigam Ltd NSE:MTNL
52 GF Score
Price ₹30.15
GF Value ₹44.97
Valuation Possible Value Trap
! 4 Warning Signs
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What is Mahanagar Telephone Nigam EBIT?

Mahanagar Telephone Nigam NSE:MTNL -1.60% 52 EBIT is ₹-1,240 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 earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹4,313 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-1,240 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mahanagar Telephone Nigam's annualized ROC % for the quarter that ended in Mar. 2026 was -1.62%. Mahanagar Telephone Nigam's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 74.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mahanagar Telephone Nigam's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.38%.


Mahanagar Telephone Nigam  (NSE:MTNL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Mahanagar Telephone Nigam's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-3175.2 * ( 1 - 0% )/( (0 + 195982.2)/ 1 )
=-3175.2/195982.2
=-1.62 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=100756.5 - 10333.9 - ( 50770.5 - max(0, 162345.8 - 56786.2+50770.5))
=195982.2

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Mahanagar Telephone Nigam's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=17252/( ( (0 + max(0, 0)) + (23145.5 + max(-33839.3, 0)) )/ 1 )
=17252/( ( 0 + 23145.5 )/ 1 )
=17252/23145.5
=74.54 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3298.8 + 65.9 + 2637.4) - (10333.9 + 0 + 29507.5)
=-33839.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Mahanagar Telephone Nigam's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-1240.4/322657.100
=-0.38 %

* 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 EBIT Related Terms


Mahanagar Telephone Nigam EBIT Historical Data

* Premium members only.

The historical data trend for Mahanagar Telephone Nigam's EBIT 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 EBIT Chart

Mahanagar Telephone Nigam Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5,475.70 -6,900.30 -7,802.70 -4,101.60 -1,240.50

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
EBIT 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 -1,127.20 -1,887.90 -2,182.90 -1,482.60 4,313.00

NSE:MTNL vs TMUS, VZ, T: EBIT Comparison

For the Telecom Services subindustry, Mahanagar Telephone Nigam's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mahanagar Telephone Nigam EV-to-EBIT vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Mahanagar Telephone Nigam's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mahanagar Telephone Nigam's EV-to-EBIT falls into.


NSE:MTNL
52GF Score
Mahanagar Telephone Nigam Ltd NSE:MTNL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Mahanagar Telephone Nigam EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-1,240 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹-1,240 Mil mean?
Mahanagar Telephone Nigam (NSE:MTNL) has a EBIT of ₹-1,240 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mahanagar Telephone Nigam.
Is Mahanagar Telephone Nigam's EBIT too high?
Mahanagar Telephone Nigam's current EBIT is ₹-1,240 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 EBIT compare to TMUS and VZ?
Mahanagar Telephone Nigam's EBIT of ₹-1,240 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 EBIT for a Telecommunication Services company?
A good EBIT depends on the Telecommunication Services industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mahanagar Telephone Nigam. Mahanagar Telephone Nigam's current EBIT is ₹-1,240 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 ₹30.15 — trading 33% below its estimated fair value. The current EBIT is ₹-1,240 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 EBIT calculated?
EBIT is calculated from a company's financial statements. For Mahanagar Telephone Nigam (NSE:MTNL), the current EBIT is ₹-1,240 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 ₹30.15 is trading 33% below its estimated GF Value™ of ₹44.97. GuruFocus considers Mahanagar Telephone Nigam to be Possible Value Trap.

Key valuation signals for NSE:MTNL:

  • EBIT: ₹-1,240 Mil
  • GF Value™: ₹44.97 vs. price of ₹30.15 (33% 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

Get the complete analysis for NSE:MTNL

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

₹30.15
Price
₹44.97
GF Value