Again we are here to predict the share price of TTML for the years 2023, 2024, 2025, 2026, 2028 and 2030. The share price target is based on current market trends, debt, profitability, revenue growth, future scope, history and others.
In Jan 2022, the maximum share price was Rs 290.15 and currently, it is trading at Rs 67.35, a decline of 76.8% ↓ in one year. But, if we talk about the long term, the company has given huge returns to its investors in three years.
At present, TTML Stock is trading at Rs 67.15 which is up 2,133% in three years. As its share price was only Rs 3.00 in April 2020.
The company registered a total revenue of Rs 1105 crore in FY22, which is a growth of 5.1% ↑ over the previous year FY21. And the net profit growth rate is 39.15% ↑ YoY. Before we dive into more details, we need to know about the company.
Tata Teleservices (Maharashtra) Ltd- Overview
TTML is a subsidiary of Tata Sons and the leading company in connectivity and communication solutions in India. Basically, it is a telecommunications company that provides a wide range of services like connectivity, security, collaboration, cloud, IoT and business solutions in the State of Maharashtra.
TTML also known as Tata Teleservices (Maharashtra) Limited was incorporated in 1995 and is headquartered in Mumbai, Maharashtra. The company is engaged in conducting wired and wireless telecommunication activities in India.
Fundamentals of TTML
TTML is one of India’s leading telecommunication companies providing wire and wireless telecommunication services and solutions business across the country.
Currently, investors are keen to know about the future target price per share of TTML. Since it is important for an investor to know the fundamentals before investing.
- Company Name: TTML (Tata Teleservices (Maharashtra) Limited
- Industry: Telecommunication
- Country: India
- Founded: 1996
- Primary Exchange: NSE/ BSE
- Traded Volume: 2,001,204
- Market Cap: ₹ 12,218 Cr
- Revenue (FY22): ₹ 1105 Cr
- Net Profit: – 279.79Cr
- Net Profit Margin: – 98.5%
- EPS (TTM): -5.87
- P/E Ratio: —
- Dividend Yield: —
- ROE: —
- 52-Week Low: 49.65
- 52-Week High: 179.70
- D/E Ratio: —
- Face Value: 10.00
See below for the latest information:
TTML Share Price History – Last 5 Years
| Year | Price (Low) | Price (High) |
|---|---|---|
| 2018 | 5.07 | 5.88 |
| 2019 | 2.77 | 3.15 |
| 2020 | 6.65 | 8.65 |
| 2021 | 10.45 | 206.35 |
| 2022 | 78.85 | 290.15 |
TTML Share price target 2023-2030
The company is showing a decline in one year and making less revenue and profits. And this will continue for the next 12 months. Market experts say that the share price of TTML can be between Rs 65 to Rs 85 by the end of 2023.
The current financial results and performance of the company may be the reason behind this prediction. But, we have a different target price for TTML for the years 2025 and 2028, which could be Rs 210 to Rs 245 and Rs 275 to Rs 315 respectively.
The target price is based on our research, experience, market trends and technical analysis:
| Year | Low (₹) | High (₹) |
|---|---|---|
| 2023 | 65 | 85 |
| 2024 | 90 | 155 |
| 2025 | 210 | 245 |
| 2026 | 180 | 225 |
| 2027 | 155 | 195 |
| 2028 | 275 | 315 |
| 2029 | 290 | 345 |
| 2030 | 345 | 425 |
TTML Growth Potential
The financial results are important before predicting the share price of any company. TTML has faced many challenges in the past, yet has shown significant progress. As the company has reduced its debt and improved its operating efficiency. So, if continue it, then it will be in a good position in the future.
Note: The share price targets are estimated prices and not the exact price of the stock. This may differ from the actual price of the share. Therefore, it is advised that you do your research and consult a financial advisor before investing.
TTML Share Price Target 2023
As per our research, the minimum share price target for TTML can be around Rs 65 per share. At the end of the year, there will be an increase and the maximum target for TTML share can be Rs 85 by 2023.
- Minimum share price target: Rs 65
- Maximum share price target: Rs 85
- Average share price target: Rs 76
TTML Share Price Target 2024
Based on our research and technical analysis, the minimum share price target for TTML is Rs 90 per share. In the middle of the year, it will move upwards and the maximum target of TTML shares is Rs 155 by 2024.
- Minimum share price target: Rs 90
- Maximum share price target: Rs 155
- Average share price target: Rs 125
TTML Share Price Target 2025
In 2025, as per our research, experience and market trends, the minimum share price target for TTML is Rs 210 per share. At the end of the year, it will increase and the maximum target for TTML share will be Rs 245.
- Minimum share price target: Rs 210
- Maximum share price target: Rs 245
- Average share price target: Rs 225
TTML Share Price Target 2026
The minimum share price target for TTML shares in 2026 is Rs 180. There will be a further downside and at the end of the year, the maximum target for TTML shares is Rs 225 by 2026.
- Minimum share price target: Rs 180
- Maximum share price target: Rs 225
- Average share price target: Rs 205
TTML Share Price Target 2027
The lowest share price target for TTML is Rs 155. There will be an upside move at the end of the year and the maximum target for TTML shares is Rs 195 by 2027.
- Minimum share price target: Rs 155
- Maximum share price target: Rs 195
- Average share price target: Rs 170
TTML Share Price Target 2028
In 2028, as per our experience, research and technical analysis, the lowest share price target for TTML is Rs 275. There will be an upside move towards the end of the year and the upside target for TTML share is Rs 315 by 2028.
- Minimum share price target: Rs 275
- Maximum share price target: Rs 315
- Average share price target: Rs 295
TTML Share Price Target 2029
The lowest share price target for TTML in 2029 could be Rs 290. There will be upside momentum and a maximum target of Rs 345 for TTML shares by 2029.
- Minimum share price target: Rs 290
- Maximum share price target: Rs 345
- Average share price target: Rs 320
TTML Share Price Target 2030
In 2030, as per our research and technical analysis, the minimum share price target for TTML is Rs 345. At the end of the year, it will increase and the maximum target for TTML share is Rs 425 by 2030.
- Minimum share price target: Rs 345
- Maximum share price target: Rs 425
- Average share price target: Rs 395
How to Buy TTML Shares?
If you have a Demat account, you can buy TTML shares. Following is the list of popular brokerage firms:
- Angel One
- Zerodha
- Groww
- UpStox
- SBI Securities
TTML Risk Factors
Like other companies, TTML has its own risk factors that need to be considered, some of the possible risk factors associated with TTML are—
- Competition: The industry is highly competitive, so changes in laws or new entrants can affect a company’s market share and revenue.
- Regulatory and legal risks: There are various regulatory and legal requirements including licensing, spectrum fees, taxes etc. Changes in regulations or legal actions against the company may affect its financial performance.
- Technology exposure: This industry is rapidly growing with the latest technology in order to remain competitive. So, failure to adopt new technologies may affect the market position of the company.
- Dependence on a single market: TTML primarily operates in the Maharashtra market, and any adverse economic or political changes in the region may affect its operations and financial performance.
- Financial Risk: TTML’s financial performance is subject to various risks, including exchange rate fluctuations, interest rate changes and credit risks associated with its customers.
- Cyber Security Risks: TTML stores and processes large amounts of sensitive customer data. Any cyber security breach or data theft can lead to reputational damage and financial loss.
Note: These are potential risks and do not mean that they may necessarily affect the price of TTML shares. The company may have measures to mitigate these risks or may face other risks not listed herein.
FAQs
A: The maximum share price target for TTML would be Rs 95 by 2023.
A: The market cap of TTML is ₹ 12,218 Cr in 2023.
A: The maximum share price target for TTML would be Rs 245 by 2025.
A: The maximum share price target for TTML would be Rs 425 by 2030.
Conclusion
There are several factors that could affect TTML’s share price in 2025 and 2030. The most important factor may be the competition in this industry. The market is definitely competitive, but we have seen tremendous growth in TTML even a few years back. And this trend may continue in future as well, and TTML will be able to navigate this competitive landscape successfully.
Disclaimer: A share price target is an estimated value that is not the actual price of the share. We are not SEBI-registered financial advisors and no part of the website content provided by us should be considered financial advice. Before investing in any company you should do your own research and consult with your financial advisor.
