MTNL Share Price Target 2024, 2025, 2030, 2040, 2050
Indian state owned telecom company Mahanagar Telephone Nigam Limited (NSE: MTNL). Many investors and market observers are intrigued about this company future share price objectives.
MTNL share price projections for 2024, 2025, 2030, 2040, and 2050 are examined in this article, along with variables that may affect its stock performance.
What is Mahanagar Telephone Nigam Ltd NSE: MTNL?
Contents
- 1 What is Mahanagar Telephone Nigam Ltd NSE: MTNL?
- 2 MTNL Share Price Target Tomorrow
- 3 MTNL Share Price Target 2024
- 4 MTNL Share Price Target 2025
- 5 Share Price Target 2030
- 6 Share Price Target 2050
- 7 Peers & Comparison
- 8 Should I buy MTNL stock?
- 9 Mahanagar Telephone Nigam Ltd Earning Results
- 10 Expert Forecasts on the Future of Mahanagar Telephone Nigam Ltd.
- 11 Is MTNL stock good to buy? (Bull case & Bear case)
- 12 Conclusion
- 13 FAQs
The government owned Mahanagar Telephone Nigam Limited (MTNL), founded in 1986, provides telecom services in Mumbai and New Delhi. MTNL is important to India telecom industry.
Fundamental Table
| Metric | Value |
| Market Cap | ₹3,491 Crore |
| P/E Ratio | |
| Book Value | |
| Dividend Yield | |
| ROCE | |
| ROE | |
| Debt to Equity | |
| Promoter Holding | 56.25% |
| EPS (TTM) |
Key Metrics
| FY PE Ratio | PB Ratio | Dividend Yield |
|---|---|---|
| -1.08 | -0.15 | — |
| Sector PE | Sector PB | Sector Div Yld |
|---|---|---|
| -166.73 | 14.96 | 0.34% |
| Target | Price |
| Maximum | +2.72 |
| Minimum | -4.24 |
MTNL share price may rise in 2024 if it executes its turnaround strategy and receives government help. Considering current patterns and modest growth, we predict a share price range of ₹30 to ₹100 for 2024.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2024 | 30 | 100 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 30 | 60 |
| February | 37 | 63 |
| March | 39 | 75 |
| April | 42 | 80 |
| May | 42 | 90 |
| June | 45 | 95 |
| July | 49 | 100 |
| August | 50 | 90 |
| September | 54 | 80 |
| October | 53 | 75 |
| November | 55 | 75 |
| December | 55 | 80 |
MTNL finances and market position may improve by 2025. We predict a share price range of ₹50 to ₹120 for 2025 if the firm capitalises on rising telecom demand and executes cost cutting initiatives.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2025 | 50 | 120 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 50 | 102 |
| February | 55 | 104 |
| March | 58 | 106 |
| April | 60 | 108 |
| May | 61 | 110 |
| June | 63 | 112 |
| July | 65 | 114 |
| August | 67 | 116 |
| September | 70 | 118 |
| October | 71 | 120 |
| November | 69 | 120 |
| December | 68 | 120 |
Projecting 2030 share prices requires evaluating long term industry trends, technology advances, and the company market adaptability. If MTNL overcomes problems and seizes growth possibilities, we predict a share price range of ₹200 to ₹250 by 2030.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2030 | 200 | 250 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 200 | 205 |
| February | 205 | 210 |
| March | 210 | 215 |
| April | 215 | 220 |
| May | 220 | 225 |
| June | 225 | 230 |
| July | 230 | 235 |
| August | 235 | 240 |
| September | 240 | 245 |
| October | 245 | 250 |
| November | 248 | 250 |
| December | 250 | 250 |
Predicting 2050 share prices is difficult owing to technological, market, and global economic developments. If MTNL succeeds in adapting to the changing telecom industry, we predict a share price range of ₹500 to ₹700 by 2050.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2050 | 500 | 700 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 500 | 520 |
| February | 520 | 540 |
| March | 540 | 560 |
| April | 560 | 580 |
| May | 580 | 600 |
| June | 600 | 620 |
| July | 620 | 640 |
| August | 640 | 660 |
| September | 660 | 680 |
| October | 680 | 700 |
| November | 690 | 700 |
| December | 700 | 700 |
Peers & Comparison
| Stock | PE Ratio | PB Ratio | Dividend Yield |
|---|---|---|---|
| Mahanagar Telephone Nigam Ltd | -1.08 | -0.15 | — |
| Bharti Airtel Ltd | 133.21 | 9.42 | 0.45% |
| Vodafone Idea Ltd | -2.93 | -0.88 | — |
| Bharti Hexacom Ltd | 136.12 | 14.80 | 0.29% |
Should I buy MTNL stock?
When investing in MTNL, examine the pros and drawbacks. To aid your judgment, consider these data:
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2024 | 30 | 100 |
| 2025 | 50 | 120 |
| 2030 | 200 | 250 |
| 2040 | 350 | 450 |
| 2050 | 500 | 700 |
MTNL has struggled financially with dwindling sales and rising losses. Total firm income fell from ₹2,606.49 crore in FY2019 to ₹1,304.71 crore in FY2023. In FY2023, the firm reported a significant net loss of ₹2,465.00 crore.
However, the government has supported MTNL with a merger proposal with BSNL and financial aid. Long term investors may like the government support and turnaround possibilities.
Investors should also evaluate the competitive nature of the Indian telecom industry, where Reliance Jio and Bharti Airtel have acquired market share. MTNL future depends on its capacity to compete and adapt to new technology.
Mahanagar Telephone Nigam Ltd Earning Results
The Q1 FY2024 income for MTNL was ₹184.02 crore, down from ₹239.92 crore in the previous quarter. The company net loss improved to ₹772.94 crore from ₹1,014.36 crore in Q4 FY2023. However, the company continual losses underline its financial issues.
| Quarter | Revenue (₹ Cr) | Net Loss (₹ Cr) | EPS (₹) |
| Q1 FY2024 | 184.02 | 772.94 | 12.24 |
| Q4 FY2023 | 239.92 | 1,014.36 | 16.07 |
| Q3 FY2023 | 239.92 | 775.51 | 12.28 |
| Q2 FY2023 | 216.42 | 737.98 | 11.69 |
Expert Forecasts on the Future of Mahanagar Telephone Nigam Ltd.
Experts are divided about MTNL prospects. Some experts see promise in the government resuscitation plans and BSNL merger. If practical, these approaches might help MTNL recover financially and market wise.
However, some analysts wonder if MTNL can compete in the fast changing telecom industry. They cite ageing infrastructure, heavy debt, and the need for major capital spending to modernise networks.
Numerous observers believe that although MTNL has innumerable issues, its government ownership gives some protection. Long term success depends on the company turnaround and capacity to adapt to emerging technologies like 5G.
Is MTNL stock good to buy? (Bull case & Bear case)
Bull Case:
- Government help and financial restructuring prospects
- The proposed merger with BSNL might save money and improve operations.
- Spectrum assets worth monetising
- Possible turnaround if restructuring plans work
- If corporate fortunes improve, low share prices might provide tremendous upside.
Bear Case:
- Persistent financial losses and declining revenues
- High debt and liquidity issues
- Strong competition from commercial telecom companies with better technology and customers
- Upgrades to ageing infrastructure need substantial cash.
- Revival plan execution and success uncertainty
Conclusion
The success of MTNL recovery and government backed restoration initiatives will determine its share price. Restructuring might help the organisation overcome financial losses and fierce competition.
Potential investors in MTNL should examine the risks and benefits. The stock may appeal to high risk investors who feel the firm can overcome its present issues and invest long term. Conservative investors may want to wait for more tangible financial progress before investing.
Investing in MTNL or any other stock requires comprehensive study, consideration of your financial objectives and risk tolerance, and advice from a skilled financial adviser.
