Tata Teleservices (TTML) Share Price Target 2027–2030: Revenue-Based Forecast

Price as of 13 Nov 2026 close: ₹38.15 (NSE: TTML, BSE: 532371). Results are Q2 FY27 figures (quarter to 30 Sep 2026) as reported by Sahi, Univest and Kotak Neo. Price and trailing figures from StockAnalysis.

Tata Teleservices (Maharashtra) — TTML — provides enterprise connectivity and cloud services under the Tata Tele Business Services brand, after exiting consumer mobile in 2019. Q2 FY27 revenue grew about 8% to ₹310 crore, EBITDA margin was around 53%, and its net loss narrowed sharply to ₹59 crore from ₹321 crore. But the company has carried a large negative net worth and heavy borrowings for years. At ₹38.15 it trades at about 6× revenue; its P/E (~200×) is not meaningful.

1. Tata Teleservices Share Price Targets 2027–2030 at a Glance

All three scenarios come from one formula (next section). Targets are for the end of each calendar year.

The base case implies a price change of roughly 2% a year from today's ₹38.15 to the end of 2030.

2. How We Calculate These Targets

Target = projected revenue per share × P/S multiple. TTML is loss-making in most quarters, so P/E cannot be used. Each target uses projected revenue for the financial year closest to it (for example, the 2027 target uses FY27 revenue). Read our full methodology.

• Starting Revenue per share: trailing 12-month revenue of about ₹1,178 crore ÷ ~196 crore shares ≈ ₹6.01 per share.
• Bear case: Revenue per share grows 3% a year, P/S 3×. Enterprise growth stays slow, losses persist and the speculative premium fades.
• Base case: Revenue per share grows 8% a year, P/S 5×. Revenue grows high single digits and losses keep narrowing; P/S falls from ~6×.
• Bull case: Revenue per share grows 12% a year, P/S 7×. The business turns consistently profitable or the Tata group restructures its debt.

Worked example (base, 2027): ₹6.01 × 1.08 = ₹6.49 FY27 Revenue per share → × 5 = ₹32.

Sensitivity — 2030 base-case Revenue per share of ₹8.18 at different multiples:

3. Latest Results: What Changed

What changed: losses narrowed sharply, mostly because of lower finance costs and steady EBITDA growth. The business itself is small and growing modestly.

What it means for the targets: TTML’s valuation has long been driven by trading activity rather than fundamentals. Even the base case assumes the P/S multiple falls.

4. Tata Teleservices Share Price in 2026: Where It Stands

With only weeks left in 2026, a year-end "target" is not meaningful. The stock closed at ₹38.15 on 13 Nov 2026, within a 52-week range of ₹31.22 – ₹54.78. The stock trades about 30% below its 52-week high; news reports on its reaction to Q2 results conflict.

5. Tata Teleservices Share Price Target 2027: ₹19 – ₹47 (Base ₹32)

Based on FY27 Revenue per share of ₹6.19 / ₹6.49 / ₹6.73 (bear / base / bull). What to watch: whether net loss keeps narrowing toward break-even.

6. Tata Teleservices Share Price Target 2028: ₹19 – ₹53 (Base ₹35)

Based on FY28 Revenue per share of ₹6.38 / ₹7.01 / ₹7.54 (bear / base / bull). What to watch: any restructuring of borrowings by the Tata group.

7. Tata Teleservices Share Price Target 2029: ₹20 – ₹59 (Base ₹38)

Based on FY29 Revenue per share of ₹6.57 / ₹7.57 / ₹8.44 (bear / base / bull). What to watch: enterprise revenue growth.

8. Tata Teleservices Share Price Target 2030: ₹20 – ₹66 (Base ₹41)

Based on FY30 Revenue per share of ₹6.76 / ₹8.18 / ₹9.46 (bear / base / bull). What to watch: by 2030 small yearly differences compound into a wide range; revisit after each annual result.

9. Key Metrics

10. Risks That Would Break the Base Case

• Debt and negative net worth: large accumulated losses and borrowings mean shareholders rank behind lenders.
• Speculative trading: the stock has had sharp, news-driven swings unrelated to results.
• Small business: revenue of about ₹1,200 crore a year is modest relative to market value.
• Group dependence: financial support from the Tata group is key.

11. What the Numbers Suggest

TTML’s operating business is improving, but its valuation has little support from fundamentals. The variable to track is net loss trending toward profit. If that happens, the base case (₹41 by 2030) is reasonable; otherwise the stock is likely to drift toward the bear case.

This is a framework, not a recommendation. Your own decision should depend on your time horizon, risk tolerance and existing holdings.

12. FAQs on Tata Teleservices Share Price

What is the Tata Teleservices share price target for 2027?
Our base case is ₹32, assuming 8% annual Revenue per share growth and a 5× P/S. The range is ₹19 (bear) to ₹47 (bull).

What is the Tata Teleservices share price target for 2030?
Base case ₹41; range ₹20 to ₹66. It assumes FY30 Revenue per share of about ₹8.18.

What does Tata Teleservices (Maharashtra) do?
It provides enterprise connectivity, cloud and communication services under Tata Tele Business Services.

Is TTML profitable?
Not consistently; Q2 FY27 net loss narrowed to about ₹59 crore.

Why does TTML have a high P/E?
Profits are tiny or negative, so the P/E (~200×) is not meaningful.

Why is TTML trending?
Heavy trading activity, common for this stock, alongside improved Q2 FY27 results.