NSE: TNTELE · BSE: 523419
TAMILNADU TELECOMMUNICATI
Operates as a joint venture between Telecommunications Consultants India Limited (TCIL) and Tamilnadu Industrial Development Corporation (TIDCO), classified in the telecom equipment and accessories industry. The factory has been non-operational since August 2017, and the company reported zero revenue from operations in FY26. It is under BIFR rehabilitation monitoring, and promoter TCIL has initiated strategic disinvestment through DIPAM, with transaction and legal advisers already appointed. A proposed factory lease was cancelled by TIDCO, and the statutory auditors have issued an adverse conclusion, flagging the going concern assumption as inappropriate given complete net worth erosion and the absence of business activity. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Telecom equipment and accessories. Non-operational telecom equipment manufacturer under BIFR rehabilitation monitoring
Exhibit 1: Financial summary, FY21–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY21 | FY22 | FY23 | FY24 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | — | (1,521) | (2,678) | (3,699) | (3) |
| margin % | — | — | — | — | — |
| Owners' profit | — | (9,893) | (11,966) | (14,619) | (15) |
| EPS, as reported (₹) | 3.08 | 0.00 | (0.26) | (3.20) | (3.36) |
| ROE % · ROCE % | — · 1.6 | 7.2 · 1.5 | 8.0 · 2.1 | 8.9 · 2.7 | 7.7 · 2.0 |
| Debt / equity (x) | — | (1.10) | (0.21) | (0.20) | (0.20) |
| Cash from operations | 7,593 | 7,805 | 9,151 | (812) | (45) |
| Capex | — | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (3,238) | (3,291) | (3,425) | (3,442) | (7,740) | (3,463) | (4) | (3,413) |
| Net profit | (3,238) | (3,291) | (3,425) | (3,442) | (7,740) | (3,463) | (4) | (3,413) |
| EPS (₹) | (0.71) | (0.71) | (0.75) | 0.00 | (1.69) | (0.76) | (0.81) | (0.75) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TAMILNADU TELECOMMUNICATI ◆ | 41,188 | — | — | — | 7.7 | 8.5 | — | — |
| ITI LTD | 21,318 | 56.2 | 11.19 | 40.4 | 15.4 | 14.0 | (1.6) | 2.4 |
| TEJAS NETWORKS LIMITED | 7,468 | — | 2.55 | — | (31.0) | (37.1) | 15.9 | (22.7) |
| OPTIEMUS INFRACOM LTD | 6,529 | 89.1 | 7.94 | 55.0 | 8.0 | 7.0 | 57.7 | 4.7 |
| KAVVERI DFS & WIR TEC LTD | 502 | — | 4.49 | 335.6 | 1.1 | 1.1 | 10.2 | (77.3) |
| UMIYA BUILDCON LIMITED | 168 | 19.6 | 1.46 | 4.2 | 36.6 | 23.3 | — | 29.5 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| Profit growth | 0.8 | 36.6 | 21 of 28 | 26% |
| Market cap | 41188 | 2310 | 6 of 30 | 83% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Promoters plan stake sale after significant share price movement | ownership changes | high | — | — |
| 30 Sept 2026 · BSE seeks clarification from Tamilnadu Telecom on price movement | compliance | low | — | — |
| 29 Sept 2026 · NSE seeks clarification on significant price movement | regulatory legal | medium | — | — |
| 25 Sept 2026 · 38th AGM held on 25 Sept 2026 - all 5 resolutions passed | board shareholder meetings | low | — | — |
| 25 Sept 2026 · 38th AGM concludes; all 5 resolutions passed with over 99.99% approval | board shareholder meetings | low | — | — |
| 25 Sept 2026 · All 5 resolutions passed at 38th AGM with over 99.99 percent approval | compliance | minimal | — | — |
| 25 Sept 2026 · 38th AGM concluded - all 5 resolutions passed with 99.99% majority | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Notice of 38th AGM on 25 September 2026 via video conferencing | results | high | — | — |
| 3 Sept 2026 · 38th AGM scheduled for September 25, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 3 Sept 2026 · 38th AGM set for Sep 25, 2026; record date Sep 18, book closure Sep 19-25 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.