Mahanagar Telephone Nigam (NSE:MTNL) Market Cap: ₹18,919 Mil (As of Jul. 06, 2026)


NSE:MTNL Mahanagar Telephone Nigam Ltd NSE:MTNL
59 GF Score
Price ₹30.00
GF Value ₹44.98
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Mahanagar Telephone Nigam Market Cap?

Mahanagar Telephone Nigam NSE:MTNL -1.45% 59 Market Cap is ₹18,919 Mil as of Jul. 06, 2026. GuruFocus rates NSE:MTNL with a GF Score™ of 59/100 and a GF Value™ of ₹44.98 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 374 Telecommunication Services companies, Mahanagar Telephone Nigam ranks worse than 60.96% on this metric.

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Mahanagar Telephone Nigam's share price for the quarter that ended in Mar. 2026 was ₹21.47. Mahanagar Telephone Nigam's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 630 Mil. Therefore, Mahanagar Telephone Nigam's market cap for the quarter that ended in Mar. 2026 was ₹13,526 Mil.

Mahanagar Telephone Nigam's quarterly market cap declined from Sep. 2025 (₹27,128 Mil) to Dec. 2025 (₹22,680 Mil) and declined from Dec. 2025 (₹22,680 Mil) to Mar. 2026 (₹13,526 Mil).

Mahanagar Telephone Nigam's annual market cap increased from Mar. 2024 (₹20,664 Mil) to Mar. 2025 (₹27,077 Mil) but then declined from Mar. 2025 (₹27,077 Mil) to Mar. 2026 (₹13,526 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Mahanagar Telephone Nigam's Enterprise Value for Today is ₹322,594 Mil.


Mahanagar Telephone Nigam  (NSE:MTNL) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


Mahanagar Telephone Nigam Market Cap Related Terms


Mahanagar Telephone Nigam Market Cap Historical Data

* Premium members only.

The historical data trend for Mahanagar Telephone Nigam's Market Cap 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 Market Cap Chart

Mahanagar Telephone Nigam Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Market Cap
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14,238.00 11,371.50 20,664.00 27,077.40 13,526.10

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
Market Cap 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 27,077.40 32,942.70 27,127.80 22,680.00 13,526.10

NSE:MTNL vs TMUS, VZ, T: Market Cap Comparison

For the Telecom Services subindustry, Mahanagar Telephone Nigam's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Mahanagar Telephone Nigam's Market Cap distribution charts can be found below:

* The bar in red indicates where Mahanagar Telephone Nigam's Market Cap falls into.


NSE:MTNL
59GF Score
Mahanagar Telephone Nigam Ltd NSE:MTNL
Market Cap is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mahanagar Telephone Nigam Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Mahanagar Telephone Nigam's Market Cap for the fiscal year that ended in Mar. 2026 is calculated as

Market Cap (A: Mar. 2026 )=Share Price (A: Mar. 2026 )*Shares Outstanding (EOP) (A: Mar. 2026 )
=₹21.47*630.000
=₹13,526

Mahanagar Telephone Nigam's Market Cap for the quarter that ended in Mar. 2026 is calculated as

Market Cap (Q: Mar. 2026 )=Share Price (Q: Mar. 2026 )*Shares Outstanding (EOP) (Q: Mar. 2026 )
=₹21.47*630.000
=₹13,526

* 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 Market Cap →
What does a Market Cap of ₹18,919 Mil mean?
Mahanagar Telephone Nigam (NSE:MTNL) has a Market Cap of ₹18,919 Mil as of Jul. 06, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Mahanagar Telephone Nigam and its competitors. According to the industry distribution chart, Mahanagar Telephone Nigam ranks #228 out of 374 companies in the Telecommunication Services industry, placing it in the top 61%.
Is Mahanagar Telephone Nigam's Market Cap too high?
Mahanagar Telephone Nigam's current Market Cap is ₹18,919 Mil. Based on the distribution chart, Mahanagar Telephone Nigam ranks #228 out of 374 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Mahanagar Telephone Nigam has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mahanagar Telephone Nigam's Market Cap compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Mahanagar Telephone Nigam ranks #228 out of 374 companies for Market Cap. This places Mahanagar Telephone Nigam in the lower half of its industry. The industry median Market Cap is 497.49. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Telecommunication Services company?
The median Market Cap among Telecommunication Services companies is 497.49, based on 374 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Mahanagar Telephone Nigam and its competitors. For the Telecommunication Services industry, the median Market Cap is 497.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahanagar Telephone Nigam's current Market Cap is ₹18,919 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 ₹44.98, compared to a current price of ₹30.00 — trading 33.3% below its estimated fair value. The current Market Cap is ₹18,919 Mil. Mahanagar Telephone Nigam's overall GF Score™ is 59/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Mahanagar Telephone Nigam (NSE:MTNL), the current Market Cap is ₹18,919 Mil as of Jul. 06, 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 ₹30.00 is trading 33.3% below its estimated GF Value™ of ₹44.98. GuruFocus considers Mahanagar Telephone Nigam to be Possible Value Trap.

Key valuation signals for NSE:MTNL:

  • Market Cap: ₹18,919 Mil
  • GF Value™: ₹44.98 vs. price of ₹30.00 (33.3% below fair value)
  • GF Score™: 59/100 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.
59GF Score

Get the complete analysis for NSE:MTNL

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

₹30.00
Price
₹44.98
GF Value