GTL Infrastructure Ltd

GTL Infrastructure Ltd

₹ 1.77 1.14%
22 Apr 12:02 p.m.
About

Incorporated in 2004, GTL Infrastructure is in the business of providing Shared Passive Telecom Infrastructure in India.

Key Points

Business Overview:
The Co. is in the business of passive infrastructure sharing which is based on building, owning, operating, and maintaining passive telecom infrastructure sites capable of hosting active network components of various technologies viz., 2G, 3G, 4G, IoT, and Enterprise Wireless Network, of multiple telecom operators as well providing energy management solutions. [1] The Co. owns 25,700+ towers out of which ~11,000 were occupied with 23,475 radiating tenants having a tenancy ratio of 2.1 on occupied towers as of March 31, 2022. [2]

  • Market Cap 2,267 Cr.
  • Current Price 1.77
  • High / Low 2.64 / 0.70
  • Stock P/E
  • Book Value -3.65
  • Dividend Yield 0.00 %
  • ROCE -11.0 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -8.98% over past five years.
  • Promoter holding is low: 3.28%
  • Contingent liabilities of Rs.2,410 Cr.
  • Promoters have pledged 100% of their holding.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
349 371 362 364 371 366 360 360 360 378 353 351 338
256 403 276 267 339 249 324 358 505 242 216 236 263
Operating Profit 93 -32 85 97 32 118 36 1 -145 136 136 115 75
OPM % 27% -9% 24% 27% 9% 32% 10% 0% -40% 36% 39% 33% 22%
3 -351 3 3 2 -657 2 5 4 -571 39 4 4
Interest 168 169 179 180 107 187 190 196 195 201 196 206 193
Depreciation 136 130 126 126 125 127 128 129 127 120 82 82 80
Profit before tax -208 -683 -217 -207 -197 -853 -280 -318 -464 -756 -102 -170 -195
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-208 -683 -217 -207 -197 -853 -280 -318 -464 -756 -102 -170 -195
EPS in Rs -0.17 -0.55 -0.17 -0.16 -0.16 -0.68 -0.22 -0.25 -0.37 -0.60 -0.08 -0.13 -0.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
551 566 649 600 913 2,283 2,333 1,500 1,417 1,410 1,463 1,458 1,419
246 268 400 398 709 1,280 1,599 1,313 1,145 983 1,029 1,097 958
Operating Profit 304 299 249 202 204 1,003 735 187 272 427 434 361 461
OPM % 55% 53% 38% 34% 22% 44% 31% 12% 19% 30% 30% 25% 32%
-3 -148 -33 -68 -89 -635 -1,258 -570 -839 -488 -671 -893 -523
Interest 429 351 378 393 469 1,024 570 533 662 663 734 782 796
Depreciation 243 486 389 256 252 743 800 624 634 547 503 504 365
Profit before tax -371 -687 -550 -515 -605 -1,399 -1,893 -1,539 -1,864 -1,271 -1,475 -1,817 -1,223
Tax % 0% 0% -0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-371 -687 -551 -515 -605 -1,399 -1,893 -1,539 -1,864 -1,271 -1,475 -1,817 -1,223
EPS in Rs -3.87 -2.98 -2.39 -2.21 -2.59 -5.69 -1.56 -1.25 -1.51 -1.02 -1.17 -1.43 -0.96
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: -9%
3 Years: 1%
TTM: -2%
Compounded Profit Growth
10 Years: -10%
5 Years: -42%
3 Years: 4%
TTM: 49%
Stock Price CAGR
10 Years: -2%
5 Years: 13%
3 Years: 39%
1 Year: 119%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 957 2,307 2,307 2,325 2,336 2,460 12,125 12,319 12,319 12,497 12,623 12,671 12,807
Reserves 310 -663 -1,320 -1,879 -2,146 -2,750 -8,915 -10,649 -12,512 -13,784 -15,369 -17,212 -17,484
4,380 4,930 4,993 4,955 4,935 10,102 4,956 4,913 5,629 5,085 4,872 4,508 4,207
1,692 416 636 506 485 1,064 586 983 1,995 2,649 3,428 4,303 4,746
Total Liabilities 7,339 6,990 6,616 5,907 5,611 10,876 8,752 7,566 7,430 6,447 5,555 4,271 4,276
4,135 3,799 3,543 3,402 3,261 9,924 7,945 6,795 6,466 5,515 4,556 3,220 3,087
CWIP 279 216 89 54 46 84 42 36 31 28 0 0 0
Investments 1,852 1,893 1,872 1,884 1,907 60 140 11 60 63 65 69 71
1,073 1,081 1,112 567 398 809 625 724 873 842 933 982 1,118
Total Assets 7,339 6,990 6,616 5,907 5,611 10,876 8,752 7,566 7,430 6,447 5,555 4,271 4,276

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
411 169 322 521 449 1,239 705 264 436 419 503 497
-309 -139 43 -29 -19 -329 -228 102 -64 -40 -64 -37
-172 -26 -346 -505 -419 -927 -408 -438 -220 -161 -387 -453
Net Cash Flow -70 4 19 -13 12 -16 68 -73 152 218 52 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 24 37 37 37 34 23 12 26 20 27 22 33
Inventory Days
Days Payable
Cash Conversion Cycle 24 37 37 37 34 23 12 26 20 27 22 33
Working Capital Days -1,540 236 119 -7 -114 -433 -60 -1,284 -1,687 -1,705 -769 -984
ROCE % 1% -3% -2% -1% -1% 4% 1% -6% -6% -2% -2% -11%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
3.36% 3.33% 3.33% 3.33% 3.33% 3.33% 3.32% 3.32% 3.28% 3.28% 3.28% 3.28%
1.85% 1.90% 1.90% 1.38% 0.12% 0.14% 0.14% 0.14% 0.13% 0.12% 0.10% 0.12%
60.96% 59.72% 51.72% 49.94% 46.33% 46.34% 45.98% 45.94% 45.47% 45.17% 44.42% 43.25%
33.83% 35.05% 43.05% 45.35% 50.22% 50.20% 50.56% 50.60% 51.13% 51.42% 52.19% 53.35%
No. of Shareholders 2,98,5113,86,2795,76,86710,92,70811,30,38511,47,97911,32,99011,30,99911,32,47311,69,83712,33,97814,60,528

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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