GTPL Hathway Ltd

GTPL Hathway Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

GTPL Hathway Ltd

₹ 68.2 0.71%
21 Apr - close price
gtpl.net BSE: 540602 NSE: GTPL
About

Established in 2006, GTPL Hathway Limited is India’s largest MSO providing Digital Cable TV services and is one of the largest Private Wireline Broadband service provider in India. The Company is the largest Digital Cable TV and Wireline Broadband Service Provider in Gujarat & is a leading Digital Cable TV Service provider in West Bengal. [1]

Key Points

Business Segment
a) Digital Cable TV Business[1][2]
As of FY25, GTPL Hathway is the No.1 Multi System Operator in India and Gujarat. The company has 9.60 million active STBs and 8.90 million paying subscribers, offering 950+ channels, including 95+ HD channels and 130+ proprietary platform services. The distribution is managed via headends in Ahmedabad and Kolkata.
GTPL is driving growth through inorganic acquisitions, rural expansion, and value-added services like online payments, multi-platform access, and bundled offerings through "GTPL Buzz" and "GTPL Genie", which combines Digital Cable TV with OTT content.[3]

Website BSE NSE
  • Market Cap ₹ 767 Cr.
  • Current Price ₹ 68.2
  • High / Low ₹ 134 / 55.0
  • Stock P/E 95.2
  • Book Value ₹ 79.1
  • Dividend Yield 2.93 %
  • ROCE 3.87 %
  • ROE 0.90 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.86 times its book value
  • Company has been maintaining a healthy dividend payout of 163%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.90% over past five years.
  • Company has a low return on equity of 5.17% over last 3 years.

* 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.

Peer comparison

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
446.65 506.49 501.41 511.55 509.07 535.99 539.03 556.16 562.19 594.68 635.81 610.03 610.27
393.43 442.08 435.54 445.96 448.63 474.25 480.13 499.78 502.99 539.80 580.93 556.03 558.83
Operating Profit 53.22 64.41 65.87 65.59 60.44 61.74 58.90 56.38 59.20 54.88 54.88 54.00 51.44
OPM % 11.92% 12.72% 13.14% 12.82% 11.87% 11.52% 10.93% 10.14% 10.53% 9.23% 8.63% 8.85% 8.43%
-17.41 5.32 10.65 10.13 0.38 7.30 6.18 9.00 3.35 4.34 4.42 4.72 2.50
Interest 2.64 3.50 3.66 4.39 4.24 5.00 4.06 6.56 6.58 7.16 7.31 9.10 10.00
Depreciation 40.14 35.10 39.82 45.42 42.48 43.67 42.15 44.58 44.65 44.30 44.68 48.39 51.81
Profit before tax -6.97 31.13 33.04 25.91 14.10 20.37 18.87 14.24 11.32 7.76 7.31 1.23 -7.87
Tax % -54.52% 26.57% 26.39% 26.17% 29.43% 26.26% 25.97% 25.14% 28.00% 27.45% 28.04% 26.02% -25.03%
-3.17 22.85 24.31 19.13 9.95 15.02 13.97 10.66 8.15 5.63 5.25 0.91 -5.90
EPS in Rs -0.28 2.03 2.16 1.70 0.88 1.34 1.24 0.95 0.72 0.50 0.47 0.08 -0.52
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
470 491 613 739 819 1,836 1,756 1,531 1,695 2,029 2,193 2,451
353 373 433 521 594 1,512 1,436 1,232 1,449 1,772 1,957 2,236
Operating Profit 117 117 180 218 225 324 319 299 246 256 236 215
OPM % 25% 24% 29% 29% 27% 18% 18% 20% 15% 13% 11% 9%
3 6 25 13 -32 -72 37 30 14 26 26 16
Interest 34 38 56 31 39 35 17 10 8 16 22 34
Depreciation 59 68 93 109 125 145 156 138 159 163 175 189
Profit before tax 27 16 56 89 28 73 183 181 93 104 65 8
Tax % 35% 9% 29% 34% 49% 64% 27% 24% 23% 27% 26% 30%
17 15 40 59 14 26 133 137 72 76 48 6
EPS in Rs 86.45 1.51 4.08 5.25 1.29 2.32 11.79 12.20 6.38 6.78 4.25 0.52
Dividend Payout % 0% 3% 25% 19% 78% 130% 34% 33% 63% 59% 47% 383%
Compounded Sales Growth
10 Years: 17%
5 Years: 7%
3 Years: 13%
TTM: 12%
Compounded Profit Growth
10 Years: -6%
5 Years: -44%
3 Years: -55%
TTM: -84%
Stock Price CAGR
10 Years: %
5 Years: -12%
3 Years: -13%
1 Year: -40%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 5%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 2 98 98 112 112 112 112 112 112 112 112 112
Reserves 331 254 293 550 551 541 640 733 761 792 794 778
189 390 463 253 262 178 125 108 115 197 234 434
370 456 432 476 552 715 727 582 772 824 935 866
Total Liabilities 892 1,198 1,286 1,391 1,478 1,547 1,605 1,535 1,760 1,925 2,076 2,190
451 552 614 629 584 647 644 653 793 859 897 1,112
CWIP 2 2 7 5 1 4 2 10 7 16 70 29
Investments 128 138 155 196 208 181 165 202 200 240 391 398
311 506 510 562 686 715 793 670 760 810 718 651
Total Assets 892 1,198 1,286 1,391 1,478 1,547 1,605 1,535 1,760 1,925 2,076 2,190

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
171 54 119 265 178 254 277 140 326 195 277 184
-84 -200 -197 -224 -126 -167 -136 -87 -210 -231 -223 -127
-68 160 55 -22 -8 -151 -113 -67 -55 -32 -89 -55
Net Cash Flow 18 14 -23 19 44 -64 28 -14 60 -68 -35 2
Free Cash Flow 104 -116 -53 115 80 53 131 61 113 -2 58 5
CFO/OP 152% 67% 78% 135% 102% 94% 99% 61% 136% 94% 106% 86%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 146 182 179 160 137 55 83 55 56 61 65 62
Inventory Days
Days Payable
Cash Conversion Cycle 146 182 179 160 137 55 83 55 56 61 65 62
Working Capital Days -132 -74 -105 -81 -64 -47 -62 -67 -106 -94 -89 -69
ROCE % 12% 9% 14% 14% 13% 23% 25% 22% 13% 12% 8% 4%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Broadband Homepass
Million

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Broadband Active Subscribers
Thousands
Digital Cable TV Active Subscribers
Million
Digital Cable TV Paying Subscribers
Million
Broadband ARPU
₹ / month
Broadband Monthly Data Consumption
GB/month
State Presence
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
8.56% 8.67% 8.66% 8.66% 8.64% 8.64% 8.61% 8.39% 8.40% 8.41% 8.35% 7.37%
0.03% 0.03% 0.03% 0.03% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
16.40% 16.31% 16.31% 16.32% 16.34% 16.36% 16.39% 16.61% 16.60% 16.59% 16.66% 17.62%
No. of Shareholders 29,12326,83227,67027,65128,14628,47928,27628,96829,42728,60027,99028,501

* 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.

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