Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Tata Teleservices (Maharashtra)'s annualized net income for the quarter that ended in Mar. 2026 was ₹23,237 Mil. Tata Teleservices (Maharashtra)'s average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹-199,855 Mil. Therefore, Tata Teleservices (Maharashtra)'s annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Tata Teleservices (Maharashtra)'s Return-on-Tangible-Equity or its related term are showing as below:
NSE:TTML's Return-on-Tangible-Equity is not ranked *
in the Telecommunication Services industry.
Industry Median: 14.53 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Tata Teleservices (Maharashtra) Return-on-Tangible-Equity Related Terms
Tata Teleservices (Maharashtra) Return-on-Tangible-Equity Historical Data
* 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.
NSE:TTML vs TMUS, VZ, T: Return-on-Tangible-Equity Comparison
For the Telecom Services subindustry, Tata Teleservices (Maharashtra)'s Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Tata Teleservices (Maharashtra) Return-on-Tangible-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Tata Teleservices (Maharashtra)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tata Teleservices (Maharashtra)'s Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Tata Teleservices (Maharashtra) (NSE:TTML) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Tata Teleservices (Maharashtra) and its competitors. According to the industry distribution chart, Tata Teleservices (Maharashtra) ranks #999999 out of 325 companies in the Telecommunication Services industry.
Is Tata Teleservices (Maharashtra)'s Return-on-Tangible-Equity too high?
Tata Teleservices (Maharashtra)'s current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Tata Teleservices (Maharashtra) ranks #999999 out of 325 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Tata Teleservices (Maharashtra) has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tata Teleservices (Maharashtra)'s Return-on-Tangible-Equity compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Tata Teleservices (Maharashtra) ranks #999999 out of 325 companies for Return-on-Tangible-Equity. This places Tata Teleservices (Maharashtra) in the lower half of its industry. The industry median Return-on-Tangible-Equity is 14.53. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Telecommunication Services company?
The median Return-on-Tangible-Equity among Telecommunication Services companies is 14.53, based on 325 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Tata Teleservices (Maharashtra) and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Equity is 14.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Teleservices (Maharashtra)'s current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Teleservices (Maharashtra) stock overvalued right now?
Based on GuruFocus' analysis, Tata Teleservices (Maharashtra) (NSE:TTML) is currently considered Possible Value Trap. The stock's GF Value™ is ₹69.12, compared to a current price of ₹41.12 — trading 40.5% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Tata Teleservices (Maharashtra)'s overall GF Score™ is 57/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Tata Teleservices (Maharashtra) (NSE:TTML), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Tata Teleservices (Maharashtra) (NSE:TTML) Overvalued in 2026?
Based on GuruFocus' analysis, Tata Teleservices (Maharashtra) stock appears to be undervalued.
The current stock price of ₹41.12 is trading 40.5% below its estimated GF Value™ of ₹69.12.
GuruFocus considers Tata Teleservices (Maharashtra) to be Possible Value Trap.
No single metric tells the full story. See the NSE:TTML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tata Teleservices (Maharashtra) Business Description
Tata Teleservices (Maharashtra) Ltd provides basic and cellular telecommunication services. The company offers its product portfolio and services to wireline and wireless subscribers. The services provided by the company include Cloud and Saas, IoT Solutions, Cloud infrastructure, security Solutions, and others. It provides telecommunication services only in the Indian domestic market.
57GF Score
Get the complete analysis for NSE:TTML
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:TTML has been successfully added to your 
