Tata Teleservices (Maharashtra) Ltd, often referred to as TTML, was a telecommunications company operating in the Indian state of Maharashtra and Goa. It was a subsidiary of Tata Teleservices Limited (TTSL) and was part of the Tata Group conglomerate, TTML operates under the brand name Tata Tele Business Services (TTBS). In this article we will discuss TTML Share Price Target for 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030.
Table of Contents
Business Model of Tata Teleservices Maharashtra Ltd (TTML)
TTML’s business model:
- Telecommunication Services: TTML primarily offered a range of telecommunication services to customers in the Maharashtra and Goa regions. These services included:
- Mobile Services: TTML provided mobile services under the Tata Docomo brand. This included prepaid and postpaid mobile connections, voice calling, SMS, data services, and value-added services.
- Landline Services: The company also offered fixed-line telephone connections to both residential and business customers.
- Broadband Internet: TTML provided broadband internet services, offering high-speed internet connectivity to homes and businesses.
- Revenue Generation: TTML generated revenue through various means, including:
- Subscription Plans: Customers paid for mobile, landline, and broadband services through subscription plans that often included monthly fees.
- Usage Charges: Additional revenue came from usage charges, such as data usage fees for mobile and broadband services, and call charges for mobile and landline services.
- Value-Added Services: TTML offered value-added services like caller tunes, mobile data packages, and other premium services for which customers paid extra.
- Infrastructure: To support its services, TTML maintained and expanded its telecommunications infrastructure, including mobile towers, fiber-optic cables, and data centers. This infrastructure allowed them to provide reliable and high-quality services to customers.
- Marketing and Customer Acquisition: Like other telecom companies, TTML engaged in marketing and advertising campaigns to attract new customers. They offered various promotional deals and plans to encourage customer acquisition and retention.
- Customer Support: Providing excellent customer support was a crucial aspect of TTML’s business model. They had customer service centers and support channels to assist customers with inquiries, technical issues, and service-related matters.
Sales per Business Specification
| Specifications (in INR Million) | 2022 | Weightage | 2023 | Weightage | Delta |
|---|---|---|---|---|---|
| Telecommunication Services | 10,788 | 98.6 % | 10,938 | 98.9 % | +1.39% |
| Services | 116 | 1.1 % | 74 | 0.7 % | -35.75% |
| Infrastructure Sharing | 34 | 0.3 % | 49 | 0.4 % | +45.00% |
Shareholding of Tata Teleservices Maharashtra Ltd (TTML)
As of June 2023, Shareholding of Tata Teleservices Maharashtra Ltd (TTML) are as –
- Promotors & Group – 74.36%.
- Retail & Others- 23.56%.
- Foreign Institution- 2.03%.
Tata Teleservices Maharashtra Ltd (TTML) Share
TTML is listed on the National Stock Exchange and the Bombay Stock Exchange and has a large number of shareholders. Promotors holds the majority stake in the company.
As of 27 September, 2023, TTML share price on the NSE was INR 96.85/-, TTML Share 52 week high at Rs. 114/- & 52 week low Rs. 49.65/-.
| Company Name | Tata Teleservices Maharashtra Ltd (TTML) |
| Share Name | TTML |
| Sector | Telecommunication |
| Headquater | Mumbai |
| Foundation | 1996 |
| Key Person | Mr. A.S. Lakshminarayanan (Chairman) |
| Market Cap | 18,962.80 Crores Rs. |
| Revenue | 1,113.34 Crore Rs |
| Official Website | Click Here |
TTML Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050
| Year | First Target | Second Target |
| 2023 | 99 | 140 |
| 2024 | 155 | 225 |
| 2025 | 230 | 285 |
| 2026 | 295 | 360 |
| 2027 | 375 | 455 |
| 2028 | 460 | 550 |
| 2029 | 565 | 745 |
| 2030 | 755 | 825 |
| 2040 | 1575 | 1650 |
| 2050 | 3150 | 3260 |
Note:- “That these share price targets for “TTML Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
Annual Result Summary of Tata Teleservices Maharashtra Ltd (TTML)
Annual Results Summary 2022-23 of Tata Teleservices Maharashtra Ltd (TTML) –
- Net Revenue of Rs.1113.34, up 0.74% from the Previous Year.
- Net profit of TTML is still in Negative -1,144.72 but 6.12% up from Previous Year.
- Net loss: ₹1,144.72 crore, wider by 4.9% from FY2021-22
- EBITDA: ₹362.10 crore, down 3.2% from FY2021-22
- EBITDA margin: 32.7%, down 0.5 percentage point from FY2021-22
- Average revenue per user (ARPU): ₹101, up 1.5% from FY2021-22
Last 5 Year History of TTML Share
In Last 5 year TTML Share give 2,223.61% returns to its Investors. On 7 Jan 2022, TTML share is on Record high of Rs.264/-.
| Year | Share Price |
| Sep 2019 | 2.87 |
| Sep 2020 | 2.98 |
| Sep 2021 | 35 |
| Sep 2022 | 103.45 |
| Sep 2023 | 96.50 |
TTML Share Price Target 2023
TTML’s revenue growth was muted in FY2022-23, due to a decline in subscriber base and voice traffic, Tata Teleservices Maharashtra Ltd continue making strategic partnership for revenue generation with other companies. As per our analysis TTML first Target Price for 2023 is Rs.99 & second is Rs.140.
TTML share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹99 | ₹140 |
TTML Share Price Target 2024
The company’s net loss widened in FY2022-23, mainly due to higher interest expenses, EBIDTA also decreases but The telecommunications industry in India is anticipated to see ongoing expansion in the upcoming years. This growth is primarily fueled by the rising usage of smartphones and the growing demand for data services. As per our analysis first Target of TTML for year 2024 is Rs.155 & second is Rs.225.
TTML share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹155 | ₹225 |
TTML Share Price Target 2025
TTML’s growth plan centers on two key areas: expanding its enterprise services and providing additional value through offerings like cloud computing and managed services. Additionally, the company is making strategic investments in its 5G network to maintain a competitive edge in the market. As per our analysis first Target of TTML for year 2025 is Rs.230 & second is Rs.285.
TTML share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹230 | ₹285 |
TTML Share Price Target 2026
The rollout and adoption of 5G technology could play a significant role in TTML’s future. The company’s success in deploying and offering 5G services could impact its market position. As per our analysis first Target of TTML for year 2026 Rs.295 & second is Rs.360.
TTML share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹295 | ₹360 |
TTML Share Price Target 2027
The Company has been maintaining an effective average operating margins of 37.77% in the last 5 years. If TTML can effectively implement its growth strategy and distinguish itself from larger competitors, it stands a good chance of achieving success in the future. As per our analysis first Target of TTML for year 2027 Rs.375 & second is Rs.455.
TTML share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹375 | ₹455 |
TTML Share Price Target 2028
Nonetheless, it’s crucial to acknowledge that the company does encounter several challenges, and its ability to overcome these obstacles will ultimately determine its success. As per our analysis first Target of TTML for year 2028 is Rs.460 & second is Rs.550.
TTML share price target 2028 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2028 | ₹460 | ₹550 |
TTML Share Price Target 2029
Understanding and responding to changing consumer preferences and market trends is crucial. As data consumption increases and digital services become more integrated into daily life, TTML may need to adapt its service offerings accordingly. first Target of TTML for year 2029 is Rs.565& second is Rs.745.
TTML share price target 2029 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2029 | ₹565 | ₹745 |
TTML Share Price Target 2030
Forming strategic partnerships with other companies, content providers, or technology firms could open up new revenue streams and opportunities for growth. first Target of TTML for year 2030 is Rs.755 & second is Rs.825.
TTML share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹755 | ₹825 |
FAQs
The telecommunications industry in India is projected to experience sustained growth in the upcoming years, propelled by the expanding prevalence of smartphones and the rising demand for data services. This development bodes well for TTML, as it presents the company with a favorable chance to enhance its revenue and expand its market presence. TTML share gives good returns for Long Term investment.
On 7 January 2022, All time Highest share price of TTML is Rs.262/-.
Target of TTML in 2023 is Rs.99 to Rs.140/-
As per our analysis first Target of TTML for year 2025 is Rs.230 & second is Rs.285.
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