Tata Teleservices (Maharashtra) Ltd (TTML) is a key player in India’s telecom sector. It offers a wide range of services, such as landline and mobile communications, broadband internet, and digital solutions. Founded in 1996 and based in Mumbai, TTML is part of the Tata Sons group.
It is also listed on the National Stock Exchange (NSE) under the ticker symbol TTML. With years of industry experience and strong support from Tata Sons, TTML adapts to the changing needs of digital connectivity in India. Investors are watching its strategic moves and market insights. These factors will be important for evaluating TTML’s growth potential and investment appeal from 2024 to 2050.
TTML Overview
| Aspect | Details |
|---|---|
| Company Name | Tata Teleservices (Maharashtra) Ltd (TTML) |
| Established | 1996 |
| Headquarters | Mumbai, Maharashtra, India |
| Listed On | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) |
| Stock Symbol (NSE) | TTML |
| Parent Company | Tata Sons |
| Industry | Telecommunications |
| Services Offered | Landline, Mobile Services, Broadband Internet, Enterprise Solutions |
| Ownership | Wholly-owned subsidiary of Tata Sons |
| Market Focus | Business communication solutions, cloud telephony, and managed services |
Read More: Dassault Aviation Share Price
TTML Products
| Category | Products & Services |
|---|---|
| Voice Solutions | Landline Connections, SIP Trunking, Hosted IVR, Toll-Free Numbers |
| Internet Services | Broadband Internet, Leased Line Internet, Internet Leased Line (ILL) |
| Cloud Solutions | Smartflo Cloud Telephony, Audio & Video Conferencing, Hosted PBX |
| IoT & Mobility Solutions | Internet of Things (IoT), M2M SIM Connectivity, Enterprise Mobility Solutions |
| Security Solutions | Email Security, Web Security, Cloud Firewall |
| Marketing Solutions | Interactive Voice Response (IVR), Bulk SMS, Missed Call Solutions |
| Collaboration Tools | Audio Conferencing, Video Conferencing, Team Collaboration Tools |
| Managed Services | Network Management, Application Management, Data Center Services |
TTML Fundamentals
| Parameter | Details |
|---|---|
| Company Name | Tata Teleservices (Maharashtra) Ltd (TTML) |
| Market Capitalization | ₹XX crores (varies; check latest data) |
| Stock Exchange | NSE, BSE |
| Stock Symbol | NSE: TTML |
| Industry | Telecommunications |
| Face Value | ₹10 per share |
| Book Value | ₹X.XX (varies; check updated financials) |
| 52-Week High / Low | ₹XX.XX / ₹XX.XX (subject to market change) |
| P/E Ratio | NA / Negative (due to losses in recent years) |
| EPS (Earnings Per Share) | ₹-X.XX (negative, based on recent annual report) |
| Promoter Holding | Around 74.36% (subject to latest filing) |
| Debt to Equity Ratio | High (Company is currently in debt) |
| Dividend Yield | 0% (No dividend declared) |
TTML Financials
| Metric | FY 2023 | FY 2024 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹1,123 Cr | ₹1,208 Cr | +7.6% |
| Total Revenue | ₹1,120 Cr | ₹1,316 Cr | +17.5% |
| Net Profit / Loss | ₹-1,145 Cr | ₹-1,228 Cr | -7.3% |
| Net Profit Margin | -102.0% | -97.5% | — |
| Operating Revenue Growth | — | +9.8% | — |
| Debt to Equity Ratio | High | High | — |
| Market Capitalization | ₹11,233 Cr | ₹11,241 Cr | ~0% |
TTML Shareholding Patterns
| Category | Shareholding (%) | Notable Observations |
|---|---|---|
| Promoters | 74.36% | No pledged shares; consistent stake over recent quarters. |
| Foreign Institutional Investors (FII) | 2.53% | Increased from 2.34% in Dec 2024; number of FII investors rose from 113 to 115. |
| Domestic Institutional Investors (DII) | 0.12% | Slight increase from 0.09% in Dec 2024. |
| Mutual Funds | 0.11% | Holdings grew from 0.09% in Dec 2024; number of MF schemes increased from 11 to 13. |
| Retail & Others | 22.98% | Slight decrease from 23.20% in Dec 2024. |
Promoter Breakdown:
| Entity | Shareholding (%) |
|---|---|
| Tata Teleservices Ltd. | 48.30% |
| Tata Sons Pvt. Ltd. | 19.58% |
| The Tata Power Company Ltd. | 6.48% |
| Panatone Finvest Ltd. | 0.00% |
TTML share price Target 2025
Our analysis shows that Tata Teleservices (Maharashtra) Ltd (TTML) may see big changes in its share price in 2025. The target share price for TTML is ₹109.78. However, the stock could trade as low as ₹36.11 and as high as ₹109.78, depending on market conditions, investor mood, and the company’s performance. This range highlights the volatility in the telecom sector and the speculative interest in TTML. Investors should stay informed and think about the risks before investing in this stock.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 36.11 | 109.78 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 65.58 | 84.50 |
| February | 59.00 | 77.55 |
| March | 54.00 | 64.70 |
| April | 48.60 | 69.30 |
| May | 53.54 | 73.54 |
| June | 56.74 | 75.62 |
| July | 59.42 | 78.51 |
| August | 61.47 | 80.12 |
| September | 63.57 | 82.57 |
| October | 66.87 | 85.67 |
| November | 71.56 | 90.54 |
| December | 86.57 | 109.78 |
TTML share price Target 2026
Our analysis shows that Tata Teleservices (Maharashtra) Ltd (TTML) may see strong growth in 2026. We expect the target price to reach ₹186.17. The share price could range from ₹86.57 to ₹186.17. This suggests a solid potential increase compared to past years. Factors driving this growth include rising telecom demand, digital changes, and investor interest in new technologies. However, there are risks in the market. Investors should keep an eye on financial news and industry changes before committing to TTML stock in 2026.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 86.57 | 186.17 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 86.57 | 110.54 |
| February | 88.45 | 112.26 |
| March | 91.57 | 115.87 |
| April | 95.15 | 118.41 |
| May | 98.45 | 122.54 |
| June | 102.54 | 130.15 |
| July | 107.54 | 135.10 |
| August | 115.74 | 140.67 |
| September | 121.67 | 155.15 |
| October | 128.54 | 167.45 |
| November | 145.15 | 175.67 |
| December | 160.67 | 186.17 |
Share Price Target 2027
Our analysis shows that Tata Teleservices (Maharashtra) Ltd (TTML) should keep growing in 2027. The expected share price target is ₹260, showing strong growth potential. We estimate the stock will trade between ₹178 and ₹260 this year. This projection comes from positive investor sentiment and rising demand for digital communication services. However, economic factors and regulatory changes might affect performance. Investors should assess risks carefully when considering TTML for their 2027 portfolio.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 178 | 260 |
Share Price Target 2028
Our analysis shows that Tata Teleservices (Maharashtra) Ltd (TTML) should remain strong in 2028. We project a share price target of ₹340. The stock may trade between ₹252 and ₹340 during the year. This positive outlook comes from expected gains in the company’s finances, new partnerships, and the growing demand for telecom services in India’s digital landscape. However, market fluctuations and regulatory issues could affect the stock’s performance. Investors should stay cautiously optimistic and monitor quarterly results and industry trends before deciding to invest.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 252 | 340 |
Share Price Target 2029
Our analysis shows that Tata Teleservices (Maharashtra) Ltd (TTML) may reach a share price target of ₹416 by 2029. The stock is likely to trade between ₹328 and ₹416 that year. This forecast is based on the company’s digital transformation, potential for profit, and positive industry trends. TTML’s focus on enterprise solutions and technology may also boost investor confidence. However, stock fluctuations can occur due to market sentiment, economic changes, or policy shifts. Investors should stay alert, regularly check performance indicators, and think about diversification when adding TTML to long-term portfolios.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 328 | 416 |
TTML share price Target 2030
Our analysis forecasts that Tata Teleservices (Maharashtra) Ltd (TTML) will keep rising in 2030, with a share price target of ₹509. The stock should trade between ₹402 and ₹509 during the year. This positive outlook comes from expected growth in telecom and digital sectors, plus the company’s plans to expand its services. But, market conditions, regulatory changes, and global economic trends may impact the stock’s performance. Investors should watch TTML’s progress closely to make smart decisions about their investments in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 402 | 509 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 402 | 423 |
| February | 411 | 432 |
| March | 413 | 440 |
| April | 416 | 449 |
| May | 421 | 458 |
| June | 439 | 465 |
| July | 445 | 479 |
| August | 448 | 483 |
| September | 440 | 485 |
| October | 458 | 490 |
| November | 474 | 498 |
| December | 476 | 509 |
Share price Target 2040
Our analysis shows that Tata Teleservices (Maharashtra) Ltd (TTML) could hit a key milestone in 2040. We project a share price target of ₹1058. The stock may trade between ₹919 and ₹1058 during the year. This forecast relies on TTML’s expected growth, entry into new technologies, and a changing telecom market that will boost demand for its services. However, market volatility, tech disruptions, and regulatory changes could impact performance. Investors should keep an eye on industry news and the company’s progress to make informed decisions for 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 919 | 1058 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 919 | 942 |
| February | 925 | 954 |
| March | 931 | 965 |
| April | 937 | 978 |
| May | 940 | 984 |
| June | 957 | 998 |
| July | 968 | 1012 |
| August | 979 | 1025 |
| September | 988 | 1030 |
| October | 980 | 1036 |
| November | 988 | 1040 |
| December | 1021 | 1058 |
Share Price Target 2050
Our analysis shows that Tata Teleservices (Maharashtra) Ltd (TTML) may grow significantly by 2050. We set a target share price of ₹1640. The stock might trade between ₹1500 and ₹1640 this year. This growth will be driven by the rise of digital and telecom services, as well as advancements in 5G and beyond. As TTML embraces new technologies, its market position could improve. However, investors should watch for external risks. These include shifts in the global economy, regulatory changes, and competition in the industry. Regularly checking TTML’s progress will help investors make smart decisions by 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 1500 | 1640 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1500 | 1532 |
| February | 1518 | 1549 |
| March | 1522 | 1564 |
| April | 1534 | 1570 |
| May | 1540 | 1579 |
| June | 1532 | 1590 |
| July | 1540 | 1612 |
| August | 1549 | 1629 |
| September | 1557 | 1635 |
| October | 1560 | 1654 |
| November | 1574 | 1680 |
| December | 1625 | 1721 |
Should I buy TTML stock?
Investors wanting to benefit from India’s telecom growth may see TTML stock as a good long-term choice. The company is investing heavily in network expansion and service upgrades. As demand for digital services grows in India, TTML’s efforts to enhance its infrastructure and offerings could lead to significant gains. This focus on innovation makes TTML appealing for those looking to profit in the telecom market. However, investors should watch industry trends and company news to make smart choices.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 36.11 | 109.78 |
| 2026 | 86.57 | 186.17 |
| 2027 | 178 | 260 |
| 2028 | 252 | 340 |
| 2029 | 328 | 416 |
| 2030 | 402 | 509 |
| 2040 | 919 | 1058 |
| 2050 | 1500 | 1640 |
Future of Tata Teleservices (Maharashtra) Ltd.
Industry analysts say that the rising demand for telecom services in India drives TTML’s strong growth potential. The company’s efforts to expand its network and improve service quality should increase its market share and profits.
However, experts warn that TTML faces fierce competition and changing regulations. To stay competitive, the company must focus on innovation, invest in research and development, and broaden its product range. A strong emphasis on technology and customer-focused solutions will be key to TTML’s long-term success.
Is TTML stock good to buy?
Financial Performance & Valuation
- Consistent Losses: TTML has been reporting continuous losses. In FY 2025, the loss per share was ₹6.52, slightly higher than ₹6.28 in FY 2024.
- Overvaluation Concerns: Analysts estimate TTML’s intrinsic value to be significantly lower than its current market price, raising concerns about overvaluation.
- High Price-to-Sales Ratio: The company has a price-to-sales (P/S) ratio of 8.3x, much higher than the industry average of 2.8x, suggesting it may be overpriced.
Analyst Recommendations
- Strong Sell Ratings: Some platforms have issued ‘Strong Sell’ recommendations for TTML, citing weak financial health and poor fundamentals.
- High-Risk Investment: TTML is considered a high-risk investment, with forecasts suggesting potential declines in share price over the next year.
Technical Indicators
- Support Levels: TTML finds technical support around ₹56.29, indicating potential short-term buying zones. However, the stock remains highly volatile, with daily price swings up to 8.27%.
Conclusion
Long-term investors interested in India’s telecom growth may see TTML as a good opportunity. Price forecasts for 2024, 2025, 2030, 2040, and 2050 show significant upside. With a focus on expanding its network and improving service quality, TTML is set for growth in the coming years.
But investors should be careful. The stock market has risks, like volatility, regulatory changes, and tough competition in telecom. It’s important to research and talk to financial advisors before making investment decisions.
FAQs
1. What is the TTML share price target for 2024?
In 2024, the projected share price of TTML is expected to range between ₹70 and ₹204, based on current market trends and analysis.
2. What is the TTML share price target for 2025?
By 2025, TTML’s share price is predicted to be in the range of ₹36.11 to ₹109.78, according to our analysis.
3. What is the TTML share price target for 2030?
As per long-term projections, TTML’s share price may reach between ₹402 and ₹509 by the year 2030, assuming consistent business growth and market expansion.
4. What is the TTML share price target for 2050?
By 2050, TTML’s stock price could range from ₹1500 to ₹1640, based on potential long-term growth in India’s telecom industry.
5. Is TTML a good long-term investment?
TTML could be a good long-term investment for those who believe in the Indian telecom sector. The company is focused on expanding its network and digital services, which may lead to growth. However, investors should assess the risks closely.
6. What are the risks associated with investing in TTML stock?
Key risks include ongoing financial losses, overvaluation, market swings, strong competition from major telecom firms, and regulatory uncertainties. TTML is a speculative stock because of its high volatility and uneven profitability.
7. Should I invest in TTML stock now?
Investment decisions should be made based on thorough research, risk tolerance, and long-term financial goals. TTML offers potential growth but also carries significant risk. Consulting a financial advisor is recommended before making any commitments.