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Is Mahanagar Telephone Nigam Ltd Shariah Compliant? | BarakFi | BarakFi
NIFTY 5023,842.75+0.54%SENSEX78,553.20+0.54%NIFTY BANK51,236.80-0.17%NIFTY IT33,156.40+0.75%NIFTY PHARMA19,872.35+0.28%NIFTY AUTO23,145.90-0.48%NIFTY FMCG56,234.15+0.32%INDIA VIX13.42-2.75%NIFTY 5023,842.75+0.54%SENSEX78,553.20+0.54%NIFTY BANK51,236.80-0.17%NIFTY IT33,156.40+0.75%NIFTY PHARMA19,872.35+0.28%NIFTY AUTO23,145.90-0.48%NIFTY FMCG56,234.15+0.32%INDIA VIX13.42-2.75%
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MTNLNSE

Mahanagar Telephone Nigam Ltd

Telecom - Cellular & Fixed line services · Small Cap · India
₹30.21
▲ ₹0.46 (+1.55%) today
Day Range: ₹30 – ₹31.4
Volume: 12.1 L · as of 1 Jun 2026, 7:33 am
Shariah Status
Requires Review
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Last screened 29 May 2026, 7:40 pm IST.
Methodology
AAOIFI aligned · 2026.04.2
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Requires Review
Compliance
Market Data
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Shariah Compliance Breakdown
Debt Ratio
Interest-bearing debt compared to methodology denominator (AAOIFI: total assets). Must stay below 30%.
Disclaimer:The information on this page is for educational purposes only and does not constitute a religious ruling (fatwa) or financial advice. Shariah compliance status is derived from publicly available financial data and BarakFi's methodology mapping. Individual scholars may reach different conclusions. Always consult a qualified Islamic finance scholar and a licensed financial advisor before making investment decisions.
BarakFi
Shariah-compliant stock research for Indian equities. Educational only.
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MethodologyAbout
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© 2026 BarakFi · Educational screening · Not a religious ruling or financial adviceMade in India
Threshold: 30%
Not disclosed
Borderline
Interest Income
Interest and treasury-based income as a share of business income. Must stay below 5%.
Threshold: 5%
0.0%
Pass
Non-permissible Income
Non-halal income compared to total business income. Must stay below 5%.
Threshold: 5%
Requires review
Review Required
Accounts Receivable
Receivables compared to methodology denominator (AAOIFI: total assets). Must stay below 49%.
Threshold: 49%
3.3%
Pass
Business Activity
Core business lines should avoid prohibited sectors and interest-driven revenue dependence.
Allowed
Pass
Cash & Interest-bearing Assets
Cash, equivalents, and interest-bearing balances compared to total assets. Must stay below 30%.
Threshold: 30%
1.4%
Pass
Why Requires Review
Mahanagar Telephone Nigam Ltd currently screens as requires review on BarakFi. Additional verification is needed for Debt ratio and Non-permissible income. Business activity: Business activity has not been reviewed yet. Classification is required before a verdict can be issued. Debt ratio: Debt ratio is 3.5159, which is very high and exceeds threshold 0.33. Marked as data issue and flagged for manual validation. Non-permissible income: Non-compliant income proxy is unavailable. Manual review of annual report required.
Market Data
Current Price
₹30.21
Day Range
₹30 – ₹31.4
52-Week Range
₹21.26 – ₹58.2
Volume
12.1 L
Market Cap
₹1,901.97 Cr
P/E Ratio
—
About Mahanagar Telephone Nigam Ltd

Mahanagar Telephone Nigam Ltd. engages in the provision of telecommunications services. The company is headquartered in New Delhi, Delhi and currently employs 3,567 full-time employees. The firm is a provider of fixed-line telecommunication service in the two Metropolitan Cities of Delhi and Mumbai. Its segments include Basic and other services and Cellular services. Its mobile services include prepaid, postpaid, third generation (3G) data plans, 3G settings, mobile television, international calling, value-added services, mobile connection requests, and mobile recharge. The company also provides toll-free services, leased circuits, Web hosting, industrial training, toll-free services, universal access numbers, and virtual card calling. The company offers mobile services in the city of Delhi including Noida, Gurgaon, Faridabad and Ghaziabad and the Mumbai city along with the areas falling under the Mumbai Municipal Corporation, New Mumbai Corporation and Thane Municipal Corporation. Its subsidiaries include Mahanagar Telephone (Mauritius) Limited, Millennium Telecom Limited and others.

BarakFi combines that company context with filing-driven screening ratios, market-cap evidence, and live quote snapshots so you can review the stock through a Shariah-screening lens without losing the underlying business picture.

Index and universe context: Nifty 500 • Nifty SMALLCAP 100.

Telecom - Cellular & Fixed line servicesSmall CapIndiaNSENifty 500Nifty SMALLCAP 100
Other Stocks in Telecom - Cellular & Fixed line services
No nearby sector peers available yet.
Key Compliance Ratios
Debt RatioNot disclosed
Interest Income0.0%
Non-permissible IncomeRequires review
Receivables Ratio3.3%
Overall StatusRequires Review
Stock Information
TickerMTNL
ExchangeNSE
SectorTelecom - Cellular & Fixed line services
CountryIndia
Market Cap₹1,901.97 Cr
36M Avg MCap₹1,946.7 Cr
Cap SizeSmall Cap
About this Screening
This page uses an AAOIFI-aligned methodology version 2026.04.2, checking debt, interest income, non-permissible income, receivables, and balance-sheet context from the current filings dataset.

This is educational only — not a religious ruling or financial advice. Read the full methodology for threshold context and update cadence.

Read full methodology →
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