Here, we are going to share MTNL Share Price Target 2025, 2026, 2027, 2028, 2030, 2035, 2040 on the basis of its fundamental and technical analysis.
MTNL primarily operates in the Delhi and Mumbai telecom circles, providing fixed-line, mobile, and broadband services.
It has been a key player in India’s telecom sector, focusing on delivering telecom infrastructure and connectivity to urban customers.
However, MTNL has faced financial and operational challenges due to increased competition and the rapidly evolving telecom market.
It has also been involved in several government initiatives to expand telecom services and digital connectivity in India.
MTNL Share Key Information
| Company Name | Mahanagar Telephone Nigam Ltd |
| Headquarters | New Delhi, India |
| Sectors | Telecommunication – Service Provider |
| Market Cap | ₹ 3,335.85 Cr. |
| No. of Shares | 63 Cr. |
| Book Value | ₹ -387.85 |
| Dividend Yield | 0% |
| ROCE | -8.88% |
| ROE | 0% |
| Face Value | ₹10 |
| Sales Growth | -15.45% |
| Profit Growth | -13.45% |
MTNL Business Sector
MTNL is a state-owned telecommunications service provider offering a range of services including fixed-line telephony, mobile services, broadband, and internet services primarily in the metro cities of Mumbai and Delhi.
Its business model focuses on providing telecommunications infrastructure and services to both retail and enterprise customers in these regions.
Business:
- Telecommunications: MTNL operates in the telecom sector, providing services such as landline, mobile telephony, broadband, and leased line services.
- Enterprise Solutions: It offers various enterprise solutions including MPLS VPN, leased lines, and enterprise internet services for businesses.
Board Members (2024):
- Pravin Kumar Purwar – Chairman & Managing Director
- Sunil Kumar – Director (Human Resources & Enterprise Business)
- Anil Kumar – Director (Finance)
- V.K. Garg – Independent Director
MTNL Share Quarterly Results
| PARTICULARS | Mar 2024 | Jun 2024 |
|---|---|---|
| Net Sales | 192.66 | 169.40 |
| Total Expenditure | 304.32 | 280.08 |
| Operating Profit | -111.66 | -110.68 |
| Other Income | 144.73 | 197.92 |
| Interest | 688.93 | 705.16 |
| Depreciation | 161.72 | 153.90 |
| Exceptional Items | 0 | 0 |
| Profit Before Tax | -817.58 | -771.82 |
| Tax | 0 | 0 |
| Profit After Tax | -817.58 | -771.82 |
| Adjusted EPS (Rs) | -12.98 | -12.25 |
MTNL Profits and Losses
| PARTICULARS | Mar 2023 | Mar 2024 |
|---|---|---|
| Net Sales | 861.61 | 728.46 |
| Total Expenditure | 1,304.71 | 1,254.07 |
| Operating Profit | -443.10 | -525.61 |
| Other Income | 612.44 | 573 |
| Interest | 2,363.56 | 2,693.81 |
| Depreciation | 716.52 | 655.77 |
| Exceptional Items | 0 | 0 |
| Profit Before Tax | -2,910.74 | -3,302.19 |
| Tax | 0 | 0 |
| Net Profit | -2,910.74 | -3,302.19 |
| Adjusted EPS (Rs.) | -46.20 | -52.42 |
MTNL Share Price Target 2025-2040
| Year | Initial Target | Year-End Target |
|---|---|---|
| 2025 | ₹61.60 | ₹68.14 |
| 2026 | ₹69.06 | ₹75.60 |
| 2027 | ₹76.50 | ₹82.89 |
| 2028 | ₹83.95 | ₹91.20 |
| 2029 | ₹91.34 | ₹99.50 |
| 2030 | ₹101.25 | ₹125.25 |
| 2035 | ₹161.35 | ₹185.00 |
| 2040 | ₹223.25 | ₹249.50 |
MTNL Share Price Target 2025
| Year/Month | Predicted Target |
|---|---|
| January 2025 | ₹61.60 |
| February 2025 | ₹60.03 |
| March 2025 | ₹59.70 |
| April 2025 | ₹61.43 |
| May 2025 | ₹62.36 |
| June 2025 | ₹64.17 |
| July 2025 | ₹68.14 |
| August 2025 | ₹67.94 |
| September 2025 | ₹67.00 |
| October 2025 | ₹65.30 |
| November 2025 | ₹65.24 |
| December 2025 | ₹68.14 |
MTNL Share Price Target 2026
| Year/Month | Predicted Target |
|---|---|
| January 2026 | ₹69.06 |
| February 2026 | ₹67.59 |
| March 2026 | ₹67.10 |
| April 2026 | ₹68.87 |
| May 2026 | ₹69.61 |
| June 2026 | ₹71.60 |
| July 2026 | ₹75.59 |
| August 2026 | ₹75.35 |
| September 2026 | ₹74.74 |
| October 2026 | ₹72.75 |
| November 2026 | ₹72.69 |
| December 2026 | ₹75.60 |
MTNL Share Price Target 2027
| Year/Month | Predicted Target |
|---|---|
| January 2027 | ₹76.50 |
| February 2027 | ₹75.16 |
| March 2027 | ₹74.56 |
| April 2027 | ₹76.29 |
| May 2027 | ₹77.38 |
| June 2027 | ₹79.02 |
| July 2027 | ₹83.00 |
| August 2027 | ₹82.88 |
| September 2027 | ₹81.91 |
| October 2027 | ₹80.19 |
| November 2027 | ₹80.13 |
| December 2027 | ₹82.89 |
MTNL Share Price Target 2028
| Year/Month | Predicted Target |
|---|---|
| January 2028 | ₹83.95 |
| February 2028 | ₹82.62 |
| March 2028 | ₹82.02 |
| April 2028 | ₹83.68 |
| May 2028 | ₹84.94 |
| June 2028 | ₹86.45 |
| July 2028 | ₹90.33 |
| August 2028 | ₹89.32 |
| September 2028 | ₹87.63 |
| October 2028 | ₹87.58 |
| November 2028 | ₹90.33 |
| December 2028 | ₹91.20 |
MTNL Share Price Target 2029
| Year/Month | Predicted Target |
|---|---|
| January 2029 | ₹91.34 |
| February 2029 | ₹90.04 |
| March 2029 | ₹89.49 |
| April 2029 | ₹91.12 |
| May 2029 | ₹92.39 |
| June 2029 | ₹93.90 |
| July 2029 | ₹97.84 |
| August 2029 | ₹97.80 |
| September 2029 | ₹96.74 |
| October 2029 | ₹98.05 |
| November 2029 | ₹98.65 |
| December 2029 | ₹99.50 |
MTNL Share Price Target 2030
| Year/Month | Predicted Target |
|---|---|
| January 2030 | ₹101.25 |
| February 2030 | ₹103.36 |
| March 2030 | ₹107.56 |
| April 2030 | ₹104.85 |
| May 2030 | ₹105.69 |
| June 2030 | ₹109.36 |
| July 2030 | ₹111.87 |
| August 2030 | ₹113.36 |
| September 2030 | ₹115.36 |
| October 2030 | ₹117.98 |
| November 2030 | ₹121.38 |
| December 2030 | ₹125.25 |
MTNL Share Price Target 2035
| Year/Month | Predicted Target |
|---|---|
| January 2035 | ₹161.35 |
| April 2035 | ₹165.45 |
| July 2035 | ₹174.25 |
| October 2035 | ₹179.50 |
| December 2035 | ₹185.00 |
MTNL Share Price Target 2040
| Year/Month | Predicted Target |
|---|---|
| January 2040 | ₹223.25 |
| April 2040 | ₹229.40 |
| July 2040 | ₹235.00 |
| October 2040 | ₹241.25 |
| December 2040 | ₹249.50g nb |
MTNL Shareholding Pattern
| Terms | Percentage |
|---|---|
| Promoters | 56.25% |
| FIIs | 0.38% |
| DIIs | 13.63% |
| Others | 0% |
| Public | 29.73% |
MTNL Competitors
- Vodafone Idea
- Kore Digital
- Sar televenture
- Tata Communications
Bull Case of MTNL (Reasons to Invest)
Government Support: As a state-owned enterprise, MTNL benefits from strong government backing, which can lead to financial assistance, debt restructuring, or potential mergers with other public telecom entities like BSNL, improving its financial stability.
Strategic Market Presence: MTNL has a significant presence in key metro cities like Delhi and Mumbai. This positioning could help capitalize on urban telecom demands, especially with the growing need for high-speed internet and digital services.
Infrastructure Assets: MTNL owns extensive telecom infrastructure, including fiber optic networks and telecom towers, which are valuable assets. These can be leveraged for partnerships or to expand its service offerings.
Bear Case of MTNL (Risks Involved)
Financial Instability: MTNL has been facing significant financial difficulties, including mounting debts and continuous losses, which threaten its operational sustainability.
Intense Competition: The telecom sector is highly competitive, with dominant private players like Reliance Jio, Airtel, and Vodafone-Idea. MTNL struggles to compete on pricing, service quality, and network expansion.
Outdated Technology: Many of MTNL’s services rely on older infrastructure, leading to poor service quality and customer dissatisfaction. Upgrading to modern infrastructure requires significant investment, which is challenging given its financial constraints.
Limited Market Reach: Unlike private players with a national footprint, MTNL’s services are restricted to Mumbai and Delhi, limiting its growth potential and market penetration.
MTNL Share Price Target: FAQ
What will be the target of MTNL Share for the year 2025?
By the end of the year 2025, its share price can reach ₹68.14.
What will be the target of MTNL Share for the year 2026?
By the end of the year 2026, its share price can reach ₹75.60.
What will be the target of MTNL Share for the year 2027?
By the end of the year 2027, its share price can reach ₹82.89.
What will be the target of MTNL Share for the year 2028?
By the end of the year 2028, its share price can reach ₹91.20.
What will be the target of MTNL Share for the year 2029?
By the end of the year 2029, its share price can reach ₹99.50.
What will be the target of MTNL Share for the year 2030?
By the end of the year 2030 its share price can reach ₹125.25.
What is the Current market cap of MTNL company?
At present the market cap of this company is ₹ 3,335.85 Cr.
What is the NSE symbol of MTNL company?
The symbol of this company in NSE exchange is MTNL.
What is the BSE symbol of MTNL company?
The symbol of this company in BSE exchange is 500108.
