GTPL Hathway Ltd

About [ edit ]

GTPL was established in 2006, by Mr. Anirudhsinhji Jadeja, Mr. Kanaksinh Rana, and other MSOs, such as Gujarat Telelink Pvt Ltd. It provides services such as analogue cable TV, digital cable TV, and broadband internet in states such as Gujarat, West Bengal, and Maharashtra. The company got its present name after Hathway Cable & Datacom Ltd (HCDL) bought a 50% stake in fiscal 2008. The company got listed on the BSE & NSE in July 2017. #

Key Points [ edit ]
  • Market Cap 1,375 Cr.
  • Current Price 122
  • High / Low 163 / 32.4
  • Stock P/E 8.58
  • Book Value 69.4
  • Dividend Yield 2.45 %
  • ROCE 27.8 %
  • ROE 16.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 47.07% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 40.45%
  • Debtor days have improved from 78.55 to 42.65 days.

Cons

  • Company has a low return on equity of 10.99% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
281 297 312 314 322 447 620 682 635 495 576 647
207 220 227 237 245 340 501 560 522 374 446 507
Operating Profit 73 77 85 78 77 107 119 121 114 122 129 140
OPM % 26% 26% 27% 25% 24% 24% 19% 18% 18% 25% 22% 22%
Other Income 7 7 5 6 -38 9 7 14 -57 7 9 8
Interest 13 16 18 6 11 12 9 10 13 8 6 5
Depreciation 45 48 50 47 58 53 57 60 62 63 63 69
Profit before tax 23 20 23 31 -30 50 61 65 -18 57 70 75
Tax % 47% 37% 29% 36% 23% 34% 42% 40% -6% 19% 28% 30%
Net Profit 14 13 15 19 -28 29 29 33 -14 41 45 45
EPS in Rs 1.22 1.19 1.30 1.65 -2.46 2.62 2.57 2.94 -1.21 3.63 4.01 4.02
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
358 453 577 623 736 908 1,091 1,246 2,384 2,354
287 346 421 474 583 698 797 905 1,920 1,848
Operating Profit 71 107 156 149 154 210 294 340 464 506
OPM % 20% 24% 27% 24% 21% 23% 27% 27% 19% 21%
Other Income 1 2 2 9 8 34 17 -44 -30 -33
Interest 10 20 40 42 47 64 42 51 45 32
Depreciation 17 29 72 84 107 139 171 202 232 257
Profit before tax 45 60 46 33 8 41 98 43 158 184
Tax % 29% 31% 47% 39% 54% 36% 42% 43% 44%
Net Profit 30 38 24 17 7 40 61 19 78 118
EPS in Rs 203.50 226.05 120.10 83.50 0.75 4.10 5.43 1.68 6.91 10.45
Dividend Payout % -0% -0% -0% -0% 7% 24% 18% 60% 43%
Compounded Sales Growth
10 Years:%
5 Years:31%
3 Years:38%
TTM:14%
Compounded Profit Growth
10 Years:%
5 Years:47%
3 Years:42%
TTM:19%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-10%
1 Year:99%
Return on Equity
10 Years:%
5 Years:10%
3 Years:11%
Last Year:17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
1 2 2 2 98 98 112 112 112 112
Reserves 190 254 316 331 282 289 545 552 616 668
Borrowings 84 230 282 240 466 546 328 345 223 150
211 308 458 542 628 776 916 1,004 1,194 1,343
Total Liabilities 486 793 1,058 1,115 1,474 1,709 1,902 2,014 2,145 2,274
303 480 674 696 904 1,054 1,210 1,214 1,325 1,331
CWIP 4 23 22 11 61 60 38 32 32 64
Investments 5 4 9 15 19 10 14 15 14 11
174 286 354 393 491 585 639 754 773 867
Total Assets 486 793 1,058 1,115 1,474 1,709 1,902 2,014 2,145 2,274

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
209 225 266 412 284 394
-96 -366 -272 -334 -235 -254
-92 166 21 -64 -5 -187
Net Cash Flow 21 25 14 13 44 -47

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 21% 16% 13% 8% 12% 15% 18% 28%
Debtor Days 89 98 126 134 122 119 109 84 43
Inventory Turnover 0.61 0.35

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
73.85 73.85 74.36 74.36 78.83 78.83 78.83 78.83 75.00 75.00 75.00 75.00
12.03 11.54 11.40 11.49 11.40 11.40 11.36 12.34 11.67 11.18 10.76 10.48
2.84 3.66 3.24 3.49 0.28 0.28 0.37 0.13 0.06 0.09 0.00 0.52
11.28 10.95 11.00 10.67 9.49 9.48 9.43 8.70 13.27 13.73 14.24 14.00

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