Mahanagar Telephone Nigam: rating update from Brickwork
Mahanagar Telephone Nigam (MTNL) said Brickwork has reviewed its credit rating, covering facilities or instruments of about ₹6,500 crore. The company is valued at about ₹1,429 crore.
What happened
In a filing with the BSE on 8 October 2026 at 11:37 AM, Mahanagar Telephone Nigam (MTNL) said that Brickwork has reviewed its credit rating, covering facilities or instruments of about ₹6,500 crore.
From the filing: "BWR/NCD/MUM/CRC/NKR/0126/2026-27 dated 07.10.2026 has given Review of the Rating of Bonds aggregating Rs. 6500.00 Crores (Rupees Six Thousand Five Hundred Crores Only) of Mahanagar Telephone Nigam Limited (MTNL)."
Company snapshot
Mahanagar Telephone Nigam is a small-cap company, with a market value of about ₹1,429 crore.
The stock last traded at ₹22.68, against a 52-week range of ₹21.26–₹44.67 (49.2% below the high).
Before this filing the shares had moved −7.1% over the month and −19.5% over three months. Average daily turnover over the last 20 sessions was about ₹7.29 crore.
Promoters held 56.25% at the end of Q1 FY27. Foreign institutions owned 0.39% and domestic institutions 13.43%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 66 | -943.2 | -14.97 |
| Q2 FY26 | 190 | -960.2 | -15.24 |
| Q3 FY26 | 198 | -896.9 | -14.24 |
| Q4 FY26 | 371 | -307 | -4.87 |
| Q1 FY27 | 217 | -842.4 | -13.37 |
What history shows
BCEIE's records show 3 previous credit rating filings from the company since May 2026.
After those filings, the stock fell 0.6% on average the next trading day and was down 1.0% on average after five days (3 filings with price data).
Market-wide, 1,237 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 27 Aug 2026 | Credit rating | +1.7% | −1.4% |
| 19 Aug 2026 | Credit rating | −1.1% | −1.1% |
| 28 May 2026 | Credit rating | −2.5% | −0.5% |
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
- Mahanagar Telephone Nigam Board Approves Sale Of Mtnl Property At Powai To Income Tax Department
- MTNL Share Price today: price action and valuation check
- DoT extends Dr. Kalyan Sagar Nippani's additional charge at Mahanagar Telephone Nigam Ltd
- MTNL Shares Jump Nearly 13% After Rs 891.53 Crore Powai Property Sale
- MTNL board approves sale of Powai property to I-T Department for ₹891.53 crore
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.