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Tata Teleservices (Maharashtra)

NSEI:TTML
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TTML
NSEI
₹5B
Market Cap
  1. Home
  2. IN
  3. Telecom
Company description

Tata Teleservices (Maharashtra) Limited provides wireline voice, data, and managed telecom services to retail and enterprise customers in Maharashtra and Goa, India. The last earnings update was 74 days ago. More info.


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  • Tata Teleservices (Maharashtra) has significant price volatility in the past 3 months.
TTML Share Price and Events
7 Day Returns
-9.6%
NSEI:TTML
-0.4%
Asia Wireless Telecom
-0.1%
IN Market
1 Year Returns
-37.3%
NSEI:TTML
2.7%
Asia Wireless Telecom
10.4%
IN Market
TTML Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tata Teleservices (Maharashtra) (TTML) -9.6% 4.4% -16.1% -37.3% -61.2% -74.2%
Asia Wireless Telecom -0.4% 2.6% 6.9% 2.7% -7.9% -15%
IN Market -0.1% 1.8% 3.7% 10.4% 21.7% 23.4%
1 Year Return vs Industry and Market
  • TTML underperformed the Wireless Telecom industry which returned 2.7% over the past year.
  • TTML underperformed the Market in India which returned 10.4% over the past year.
Price Volatility
TTML
Industry
5yr Volatility vs Market

Value

 Is Tata Teleservices (Maharashtra) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Tata Teleservices (Maharashtra) is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Tata Teleservices (Maharashtra) has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Tata Teleservices (Maharashtra). This is due to cash flow or dividend data being unavailable. The share price is ₹2.35.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tata Teleservices (Maharashtra)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tata Teleservices (Maharashtra)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:TTML PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in INR ₹-12.23
BSE:532371 Share Price ** BSE (2020-01-28) in INR ₹2.36
Asia Wireless Telecom Industry PE Ratio Median Figure of 35 Publicly-Listed Wireless Telecom Companies 15.26x
India Market PE Ratio Median Figure of 2,641 Publicly-Listed Companies 13.94x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tata Teleservices (Maharashtra).

NSEI:TTML PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532371 Share Price ÷ EPS (both in INR)

= 2.36 ÷ -12.23

-0.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tata Teleservices (Maharashtra) is loss making, we can't compare its value to the Asia Wireless Telecom industry average.
  • Tata Teleservices (Maharashtra) is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Tata Teleservices (Maharashtra)'s expected growth come at a high price?
Raw Data
NSEI:TTML PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Wireless Telecom Industry PEG Ratio Median Figure of 28 Publicly-Listed Wireless Telecom Companies 2.59x
India Market PEG Ratio Median Figure of 410 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tata Teleservices (Maharashtra), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tata Teleservices (Maharashtra)'s assets?
Raw Data
NSEI:TTML PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in INR ₹-83.52
BSE:532371 Share Price * BSE (2020-01-28) in INR ₹2.36
Asia Wireless Telecom Industry PB Ratio Median Figure of 51 Publicly-Listed Wireless Telecom Companies 1.86x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 0.9x
NSEI:TTML PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532371 Share Price ÷ Book Value per Share (both in INR)

= 2.36 ÷ -83.52

-0.03x

* Primary Listing of Tata Teleservices (Maharashtra).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tata Teleservices (Maharashtra) has negative assets, we can't compare the value of its assets to the Asia Wireless Telecom industry average.

Next steps:

  1. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Tata Teleservices (Maharashtra)'s regulatory filings and announcements.
  2. Show me more potentially undervalued companies in the Wireless Telecom industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Tata Teleservices (Maharashtra)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Wireless Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Tata Teleservices (Maharashtra) has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tata Teleservices (Maharashtra) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tata Teleservices (Maharashtra) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.9%
Expected Wireless Telecom industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tata Teleservices (Maharashtra) expected to grow at an attractive rate?
  • Unable to compare Tata Teleservices (Maharashtra)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tata Teleservices (Maharashtra)'s earnings growth to the India market average as no estimate data is available.
  • Unable to compare Tata Teleservices (Maharashtra)'s revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:TTML Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 9.9%
Asia Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
India Market Earnings Growth Rate Market Cap Weighted Average 19.2%
India Market Revenue Growth Rate Market Cap Weighted Average 8.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:TTML Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:TTML Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-09-30 11,847 -5,881 -23,932
2019-06-30 12,362 -4,410
2019-03-31 12,772 -7,455 -6,676
2018-12-31 13,434 -19,287
2018-09-30 14,564 -20,000
2018-06-30 16,499 -98,160
2018-03-31 18,685 6,034 -98,420
2017-12-31 20,833 -105,260
2017-09-30 23,236 -104,600
2017-06-30 25,211 -27,298
2017-03-31 27,029 7,299 -23,565
2016-12-31 28,392 -11,525

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tata Teleservices (Maharashtra) is high growth as no earnings estimate data is available.
  • Unable to determine if Tata Teleservices (Maharashtra) is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:TTML Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tata Teleservices (Maharashtra) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TTML Past Financials Data
Date (Data in INR Millions) EPS *
2019-09-30 -12.23
2019-06-30 -2.25
2019-03-31 -3.41
2018-12-31 -9.87
2018-09-30 -10.24
2018-06-30 -50.22
2018-03-31 -50.34
2017-12-31 -53.84
2017-09-30 -53.48
2017-06-30 -13.98
2017-03-31 -12.05
2016-12-31 -5.90

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tata Teleservices (Maharashtra) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Tata Teleservices (Maharashtra)'s future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Telecom companies here
  2. Tata Teleservices (Maharashtra)'s competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Tata Teleservices (Maharashtra)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tata Teleservices (Maharashtra) has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tata Teleservices (Maharashtra) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tata Teleservices (Maharashtra)'s growth in the last year to its industry (Wireless Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tata Teleservices (Maharashtra) does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Tata Teleservices (Maharashtra)'s 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tata Teleservices (Maharashtra)'s 1-year growth to the Asia Wireless Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Tata Teleservices (Maharashtra)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tata Teleservices (Maharashtra) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TTML Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 11,847.10 -23,931.70 2,494.40
2019-06-30 12,362.00 -4,410.20
2019-03-31 12,772.00 -6,676.00 2,494.40
2018-12-31 13,434.40 -19,286.60 5,129.60
2018-09-30 14,563.90 -20,000.00 5,129.60
2018-06-30 16,498.70 -98,159.90
2018-03-31 18,685.10 -98,419.90 5,129.60
2017-12-31 20,833.20 -105,260.30 261.90
2017-09-30 23,236.00 -104,599.80 261.90
2017-06-30 25,210.90 -27,298.30 261.90
2017-03-31 27,029.10 -23,564.70 4,087.00
2016-12-31 28,392.10 -11,525.20 396.90
2016-09-30 29,224.40 -8,149.30 450.20
2016-06-30 29,562.70 -5,225.00 499.50
2016-03-31 29,720.90 -3,583.40 410.90
2015-12-31 29,852.90 -5,025.00 3,304.50
2015-09-30 29,819.70 -5,919.40 3,508.00
2015-06-30 29,356.50 -5,956.50 4,494.40
2015-03-31 28,927.30 -6,152.50 596.50
2014-12-31 28,385.30 -5,629.50 3,648.70
2014-09-30 27,799.40 -5,502.50 3,531.90
2014-06-30 27,526.90 -5,561.00 4,398.50
2014-03-31 27,311.80 -5,600.80 3,608.00
2013-12-31 26,789.90 -5,637.30 3,775.90
2013-09-30 26,565.50 -6,045.20 3,557.90
2013-06-30 26,148.00 -6,230.00 4,599.00
2013-03-31 26,345.40 -6,587.70 3,949.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Tata Teleservices (Maharashtra) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Tata Teleservices (Maharashtra) has efficiently used its assets last year compared to the Asia Wireless Telecom industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tata Teleservices (Maharashtra) improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Tata Teleservices (Maharashtra)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Wireless Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tata Teleservices (Maharashtra) has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tata Teleservices (Maharashtra)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tata Teleservices (Maharashtra)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tata Teleservices (Maharashtra)'s short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tata Teleservices (Maharashtra)'s long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tata Teleservices (Maharashtra)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Tata Teleservices (Maharashtra) has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tata Teleservices (Maharashtra) Company Filings, last reported 3 months ago.

NSEI:TTML Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 -163,294.60 154,772.10 897.00
2019-06-30 -148,198.30 165,813.10 7,797.60
2019-03-31 -148,198.30 165,585.20 7,797.60
2018-12-31 -153,613.10 156,210.60 3,416.60
2018-09-30 -153,613.10 156,210.60 3,416.60
2018-06-30 -151,591.50 156,308.50 4,169.50
2018-03-31 -151,591.50 155,781.00 4,169.50
2017-12-31 -145,173.70 164,498.10 3,725.00
2017-09-30 -145,173.70 164,498.10 3,725.00
2017-06-30 -59,088.40 155,445.40 7,176.50
2017-03-31 -59,088.40 162,290.60 7,176.50
2016-12-31 -40,324.60 102,231.70 9,101.20
2016-09-30 -40,324.60 102,231.70 9,101.20
2016-06-30 -34,660.40 115,832.60 6,576.10
2016-03-31 -39,861.90 117,268.10 6,631.40
2015-12-31 -32,270.60 114,167.50 3,419.00
2015-09-30 -32,270.60 114,167.50 3,419.00
2015-06-30 -29,680.80 67,712.20 494.90
2015-03-31 -29,680.80 75,163.00 494.90
2014-12-31 -26,351.20 61,162.70 217.10
2014-09-30 -26,351.20 61,162.70 217.10
2014-06-30 -23,528.30 61,362.20 216.50
2014-03-31 -23,528.30 65,951.30 216.50
2013-12-31 -20,848.70 63,044.00 1,921.60
2013-09-30 -20,848.70 63,044.00 1,921.60
2013-06-30 -17,927.50 59,689.10 1,366.60
2013-03-31 -17,927.50 64,443.40 1,368.10
  • Tata Teleservices (Maharashtra) has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Tata Teleservices (Maharashtra)'s debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Tata Teleservices (Maharashtra) has less than a year of cash runway based on current free cash flow.
  • Tata Teleservices (Maharashtra) has less than a year of cash runway if free cash flow continues to reduce at historical rates of -11.5% each year.
X
Financial health checks
We assess Tata Teleservices (Maharashtra)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tata Teleservices (Maharashtra) has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tata Teleservices (Maharashtra)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Tata Teleservices (Maharashtra) dividends.
If you bought ₹2,000 of Tata Teleservices (Maharashtra) shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Tata Teleservices (Maharashtra)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tata Teleservices (Maharashtra)'s dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:TTML Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Asia Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 33 Stocks 3.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1392 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Tata Teleservices (Maharashtra) has not reported any payouts.
  • Unable to verify if Tata Teleservices (Maharashtra)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tata Teleservices (Maharashtra)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tata Teleservices (Maharashtra) has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tata Teleservices (Maharashtra)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tata Teleservices (Maharashtra) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tata Teleservices (Maharashtra) has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tata Teleservices (Maharashtra)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Srinath Narasimhan
COMPENSATION ₹0
AGE 57
TENURE AS CEO 8.9 years
CEO Bio

Mr. Srinath Narasimhan, B.E. (Mech), MBA, has been the Managing Director of Tata Teleservices Limited and Managing Director of Tata Teleservices (Maharashtra) Limited since February 1, 2011. Mr. Narasimhan served as Director of Operations of Videsh Sanchar Nigam Ltd. since February 13, 2002. Mr. Narasimhan served as Vice President of Human Resources at Tata Consultancy Services Limited. He served as Chief Executive Officer of Tata Teleservices Limited since February 1, 2011. Mr. Narasimhan served as the Chief Executive Officer and Managing Director of Tata Communications Limited at Tata Africa Holdings (SA) Pty Limited. from February 2, 2007 to February 01, 2011 and served as its Chief Executive Officer from February 2007 to February 1, 2011. He served as a Director of Operations at Tata Communications Limited since February 2002. He served as a Project Executive in Tata Honeywell from 1987 to 1988. He served as the Chief Executive Officer of Vsnl Group since February 2, 2007. He served as the Chief Executive Officer of Tata Internet Services since 2000. He served as Managing Director of Videsh Sanchar Nigam at Tata Sons Limited. He was responsible for setting up new projects in high-technology areas like process automation and control, computers and telecommunications. He has held positions in project management, sales and marketing and other corporate areas in different Tata companies over the last 17 years. Mr. Narasimhan joined Tata Industries as an Executive Assistant to the Chairman, an assignment he handled till mid-1992. With over 32 years of experience within the Tata Group, Mr. Narasimhan has held various leadership positions across Tata companies in areas such as Process Automation and Control, Information Technology and Telecommunications. From 1992 to 1998, he worked on a number of assignments in sales and marketing. He was part of the team that set up Tata Information Systems (later Tata IBM). In June 1992, he moved into Tata Industries on a full-time basis for these next six years, during which he handled a number of assignments in sales and marketing. In March 1998, he returned to Tata Industries as General Manager (projects) and worked with Tata Teleservices in this capacity for a year. In April 1999, he moved to Hyderabad as Chief Operating Officer, responsible for the operations of Tata Teleservices. Mr. Narasimhan serves as the Non-Executive Chairman of Neotel (Pty) Ltd. Mr. Narasimhan also serves as a Director on the Boards of Honeywell Automation India Limited, ATC Telecom Infrastructure Private Limited and its related entities. He has been a Non-Executive Director of Tata Business Support Services Limited (TBSS), Tata Communications Limited since February 1, 2011 and served as its Executive Director since February 13, 2002 to February 01, 2011. He serves as Director of Tata Industries Limited, TATA Teleservices Ltd., Neotel (Pty) Ltd., GSM Association and Viom Networks Limited. He has been an Executive Director of Tata Teleservices (Maharashtra) Ltd, since February 1, 2011. He has been Executive Director of Videsh Sanchar Nigam Ltd. since August 2005. He served as a Board Member of Gsma Ltd. He served as a Director of Videsh Sanchar Nigam Ltd., since February 13, 2002. He served as a Director of AGC Networks Ltd. until August 4, 2004. He served as an Executive Director of Tata Communications Limited since August 2005. Mr. Narasimhan has received several recognitions in the telecom industry. For a period of two consecutive years (2008 and 2009), he was named as the world’s eighth most influential telecom personality by the Global Telecoms Business magazine as well as the ‘Telecom Person of the Year’ by the India-based Voice and Data magazine in 2008. Mr. Narasimhan was named the ‘Telecom CEO of the Year’ in Asia by the leading publishing group Telecom Asia in 2006. In the same year he was also conferred the Udyog Rattan Award by the Institute of Economic Studies (IES). Mr. Narasimhan holds a degree in Mechanical Engineering from Indian Institute of Technology (Madras) and holds an MBA from the Indian Institute of Management, Kolkata, specializing in marketing and systems.

CEO Compensation
  • Insufficient data for Srinath to compare compensation growth.
  • Insufficient data for Srinath to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the Tata Teleservices (Maharashtra) management team in years:

6.3
Average Tenure
61.5
Average Age
  • The average tenure for the Tata Teleservices (Maharashtra) management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Srinath Narasimhan

TITLE
MD & Executive Director
AGE
57
TENURE
8.9 yrs

Kush Bhatnagar

TITLE
Chief Financial Officer
COMPENSATION
₹10M
AGE
50
TENURE
3.7 yrs

Vrushali Dhamnaskar

TITLE
Assistant Company Secretary & Compliance Officer
COMPENSATION
₹808K
TENURE
1.5 yrs

Hiten Koradia

TITLE
Manager of Investor Relations

Hari Subrahmanian

TITLE
General Manager of Human Resources
AGE
50

Milesh Ruparel

TITLE
President of Corporate - SCM
AGE
62

Gopal Pai

TITLE
General Manager of Sales
COMPENSATION
₹3M
AGE
62
TENURE
21.3 yrs

Raghuveer Sujir

TITLE
Additional Vice President of Network
COMPENSATION
₹3M
AGE
65

A. Sarma

TITLE
Additional Vice President of Network
COMPENSATION
₹3M
AGE
61

Mohan Ranganathan

TITLE
General Manager of Project
COMPENSATION
₹1M
AGE
67
Board of Directors Tenure

Average tenure and age of the Tata Teleservices (Maharashtra) board of directors in years:

1.3
Average Tenure
57
Average Age
  • The average tenure for the Tata Teleservices (Maharashtra) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Srinath Narasimhan

TITLE
MD & Executive Director
AGE
57
TENURE
8.9 yrs

Hiroo Mirchandani

TITLE
Independent Non-Executive Director
COMPENSATION
₹800K
AGE
58
TENURE
4.8 yrs

Narendra Jadhav

TITLE
Independent Non-Executive Director
AGE
66
TENURE
0.8 yrs

Ankur Verma

TITLE
Non Independent Non Executive Director
COMPENSATION
₹160K
AGE
43
TENURE
1.3 yrs

Thambiah Elango

TITLE
Non-Independent Non-Executive Director
AGE
54
TENURE
0.8 yrs

Kumar Ramanathan

TITLE
Independent Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Tata Teleservices (Maharashtra)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tata Teleservices (Maharashtra) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Tata Teleservices (Maharashtra) (NSE:TTML) Seems To Be Using An Awful Lot Of Debt

Importantly, Tata Teleservices (Maharashtra) Limited (NSE:TTML) does carry debt. … See our latest analysis for Tata Teleservices (Maharashtra) How Much Debt Does Tata Teleservices (Maharashtra) Carry? … Our View To be frank both Tata Teleservices (Maharashtra)'s EBIT growth rate and its track record of staying on top of its total liabilities make us rather uncomfortable with its debt levels.

Simply Wall St -

Did Changing Sentiment Drive Tata Teleservices (Maharashtra)'s (NSE:TTML) Share Price Down A Worrying 61%?

To wit, the Tata Teleservices (Maharashtra) Limited (NSE:TTML) share price managed to fall 61% over five long years. … Tata Teleservices (Maharashtra) isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … In the last five years Tata Teleservices (Maharashtra) saw its revenue shrink by 10% per year.

Simply Wall St -

Does Tata Teleservices (Maharashtra) Limited (NSE:TTML) Have A Volatile Share Price?

If you're interested in Tata Teleservices (Maharashtra) Limited (NSE:TTML), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Should You Be Concerned About Tata Teleservices (Maharashtra) Limited's (NSE:TTML) Historical Volatility?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

How Does Investing In Tata Teleservices (Maharashtra) Limited (NSE:TTML) Impact Your Portfolio?

The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … Not every stock is exposed to the same level of market risk. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one.

Simply Wall St -

How Does Tata Teleservices (Maharashtra) Limited (NSE:TTML) Affect Your Portfolio Returns?

Generally, an investor should consider two types of risk that impact the market value of TTML. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one.

Simply Wall St -

Why Tata Teleservices (Maharashtra) Limited's (NSE:TTML) Investor Composition Impacts Your Returns

In this article, I'm going to take a look at Tata Teleservices (Maharashtra) Limited’s (NSEI:TTML) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … General Public Ownership The general public holds a substantial 13.28% stake in TTML, making it a highly popular stock among retail investors. … Thus, investors should dig deeper into TTML's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: Institutional ownership level and composition in TTML is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

Interested In Telecommunications? Why Tata Teleservices (Maharashtra) Limited (NSE:TTML) May Be The Entry Point

Tata Teleservices (Maharashtra) Limited (NSEI:TTML), a IN₨12.84B small-cap, is a telco company operating in an industry which continues its transformation into the industry that is underpinning the digital and interconnected economy. … Below, I will examine the sector growth prospects, as well as evaluate whether Tata Teleservices (Maharashtra) is lagging or leading its competitors in the industry. … Check out our latest analysis for Tata Teleservices (Maharashtra) What’s the catalyst for Tata Teleservices (Maharashtra)'s sector growth?

Simply Wall St -

Tata Teleservices (Maharashtra) Limited (NSE:TTML): What Does It Mean For Your Portfolio?

Check out our latest analysis for Tata Teleservices (Maharashtra) An interpretation of TTML's beta Tata Teleservices (Maharashtra) has a beta of 1.29, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements. … However, this is the opposite to what TTML’s actual beta value suggests, which is higher stock volatility relative to the market.

Simply Wall St -

Why Tata Teleservices (Maharashtra) Limited's (NSE:TTML) Ownership Structure Is Important

TTML hardly has any institutional ownership, leaving investors little to think about sharp price volatility in the stock that could take place due to institutional trading. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.What this means for you: With a low level of institutional ownership, investors in TTML need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Company Info

Description

Tata Teleservices (Maharashtra) Limited provides wireline voice, data, and managed telecom services to retail and enterprise customers in Maharashtra and Goa, India. The company provides its wireline and broadband services under the Tata Tele Business Services and Tata Tele Broadband bands brand names. It offers cloud and software as a services comprising content delivery network, digital survey, document management, instacompute, and live chat services; collaboration services, such as conferencing and international bridging services; and connectivity services, including business broadband, centrex, Internet lease line connection, L2 multicast, leased line, and PRI services. The company also provides Internet of Things solutions comprising asset management, fleet management tracking, school bus tracking, and workforce management solutions; marketing solutions, such as call register, digital survey, hosted OBD and IVR, SMS solutions, and toll free services; and security solutions, including DDOS and vUTM. As of March 31, 2019, it operated through a network of approximately 370 base transceiver stations and 17,000 kilometers of optical fiber transmission network. The company was incorporated in 1995 and is based in Mumbai, India.

Details
Name: Tata Teleservices (Maharashtra) Limited
TTML
Exchange: NSEI
Founded: 1995
₹4,750,474,376
1,954,927,727
Website: http://www.tatateleservices.com
Address: Tata Teleservices (Maharashtra) Limited
Voltas Premises,
A, E and F Blocks,
Mumbai,
Maharashtra, 400033,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532371 Equity Shares Mumbai Stock Exchange IN INR 18. Apr 2001
NSEI TTML Equity Shares National Stock Exchange of India IN INR 18. Apr 2001
Number of employees
Current staff
Staff numbers
432
Tata Teleservices (Maharashtra) employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 12:50
End of day share price update: 2020/01/28 00:00
Last earnings filing: 2019/11/15
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.