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TTML - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.3

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 2.3

Stock Code TTML Market Cap 8,792 Cr. Current Price 45.1 ₹ High / Low 81.2 ₹
Book Value -101 ₹ Dividend Yield 0.00 % ROCE 50.3 % ROE %
Face Value 10.0 ₹ DMA 50 48.2 ₹ DMA 200 56.7 ₹ Chg in FII Hold 0.00 %
Chg in DII Hold 0.01 % PAT Qtr -146 Cr. PAT Prev Qtr -321 Cr. RSI 45.7
MACD -1.52 Volume 30,04,504 Avg Vol 1Wk 84,86,568 Low price 41.1 ₹
High price 81.2 ₹ 52w Index 10.2 % Qtr Profit Var 53.6 % EPS -5.64 ₹
Industry PE 39.9

📊 Core Financials

  • Revenue Growth: Weak, with persistent losses (PAT negative).
  • Profit Margins: Negative margins; EPS at -5.64 ₹.
  • Debt Ratios: Debt-to-equity not disclosed, but negative book value (-101 ₹) indicates stressed balance sheet.
  • Cash Flows: Likely under strain given recurring losses.
  • Return Metrics: ROCE strong at 50.3%, but ROE not reported due to negative equity.

💹 Valuation Indicators

  • P/E Ratio: Not meaningful due to negative earnings.
  • P/B Ratio: Not applicable (negative book value).
  • PEG Ratio: Not available.
  • Intrinsic Value: Difficult to justify premium; current price (45.1 ₹) trades below long-term DMA 200 (56.7 ₹).

🏢 Business Model & Competitive Advantage

  • Operates in telecom services, a highly competitive and capital-intensive industry.
  • Competitive advantage limited; struggles against larger peers with stronger financials.
  • Positive sign: narrowing quarterly losses (PAT improved from -321 Cr. to -146 Cr.).

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive only near support levels around 41–43 ₹, given volatility and weak fundamentals.
  • Long-Term Holding: Risky unless turnaround in profitability and debt restructuring occurs. Suitable only for speculative investors with high risk tolerance.

Positive

  • Improvement in quarterly losses (53.6% variance).
  • Strong ROCE at 50.3% indicates efficient capital use despite losses.

Limitation

  • Negative book value and EPS.
  • No dividend yield; shareholder returns dependent solely on capital appreciation.
  • High volatility with weak technical indicators (MACD negative, RSI mid-range).

Company Negative News

  • Consistent losses impacting balance sheet strength.
  • Weak investor confidence reflected in stagnant FII/DII holdings.

Company Positive News

  • Quarterly losses reduced significantly, showing signs of operational improvement.
  • Volume activity indicates continued investor interest despite challenges.

Industry

  • Telecom industry P/E at 39.9, indicating sector trades at premium valuations.
  • High competition and capital intensity; consolidation trends favor larger players.

Conclusion

  • TTML remains financially stressed with negative equity and losses.
  • Short-term speculative opportunities exist near support levels, but long-term holding is risky without a clear turnaround strategy.
  • Investors should monitor debt restructuring and profitability improvements before considering significant exposure.

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