GTPL Hathway Ltd

GTPL Hathway Ltd

₹ 180 1.67%
22 Apr 12:08 p.m.
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

Market Position
The Company is the No.1 Multi-Service Operator (MSO) in India & Gujarat and the No. 2 MSO in West Bengal. It is the No. 6 Private Wireline Broadband provider in India(No.1 in Gujarat).The company is present in in 1,500+ towns across 23 states in India, with significant presence in Maharashtra, Andhra Pradesh, Telangana, Tamil Nadu & North-East.[1]
Company has 42,000+ Business Partners, 200+ Broadcasters,1,750+ EnterpriseClientele, 30+ Government Projects.[2]

  • Market Cap 2,024 Cr.
  • Current Price 180
  • High / Low 218 / 102
  • Stock P/E 18.9
  • Book Value 103
  • Dividend Yield 2.21 %
  • ROCE 11.8 %
  • ROE 9.46 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 34.7%

Cons

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
749 602 596 599 617 631 655 686 692 774 779 851 808
632 473 461 466 488 510 524 574 591 655 655 730 695
Operating Profit 116 129 135 133 129 121 131 112 101 120 124 121 113
OPM % 16% 21% 23% 22% 21% 19% 20% 16% 15% 15% 16% 14% 14%
39 9 -3 14 11 15 8 20 -10 6 11 10 7
Interest 4 2 3 5 4 2 2 2 3 4 5 6 7
Depreciation 65 61 63 64 65 69 74 76 100 74 82 91 90
Profit before tax 86 75 66 78 71 64 63 54 -11 48 48 33 22
Tax % 28% 29% 24% 25% 20% 25% 24% 26% 4% 26% 25% 26% 26%
62 53 50 59 57 48 47 40 -11 35 36 25 16
EPS in Rs 5.06 4.22 3.83 4.86 4.84 3.85 3.99 3.34 -1.04 3.19 3.04 2.11 1.17
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
453 577 623 736 908 1,091 1,246 2,384 2,467 2,414 2,664 3,212
347 421 474 583 697 797 905 1,921 1,947 1,881 2,198 2,735
Operating Profit 106 156 149 154 211 294 340 464 520 533 466 477
OPM % 23% 27% 24% 21% 23% 27% 27% 19% 21% 22% 18% 15%
2 2 9 8 33 17 -44 -30 51 24 32 34
Interest 20 40 42 47 64 42 51 45 23 14 10 23
Depreciation 29 72 84 107 139 171 202 232 260 253 319 337
Profit before tax 60 46 33 8 41 98 43 158 288 290 169 151
Tax % 31% 47% 39% 54% 36% 42% 43% 44% 27% 25% 26% 26%
42 25 20 4 26 56 25 88 210 219 125 112
EPS in Rs 226.05 120.10 83.50 0.75 4.10 5.43 1.68 6.91 16.73 17.75 10.13 9.51
Dividend Payout % 0% 0% 0% 7% 24% 18% 60% 43% 24% 23% 39% 42%
Compounded Sales Growth
10 Years: 19%
5 Years: 21%
3 Years: 9%
TTM: 21%
Compounded Profit Growth
10 Years: 16%
5 Years: 31%
3 Years: -18%
TTM: -15%
Stock Price CAGR
10 Years: %
5 Years: 22%
3 Years: 10%
1 Year: 70%
Return on Equity
10 Years: 13%
5 Years: 16%
3 Years: 14%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2 2 2 98 98 112 112 112 112 112 112 112
Reserves 254 316 331 282 289 545 552 616 768 919 991 1,047
230 282 240 466 546 328 345 223 165 130 149 288
308 458 542 628 776 916 1,004 1,194 1,273 1,141 1,417 1,606
Total Liabilities 793 1,058 1,115 1,474 1,709 1,902 2,014 2,145 2,318 2,303 2,669 3,054
480 674 696 904 1,054 1,210 1,214 1,325 1,393 1,507 1,768 2,029
CWIP 23 22 11 61 60 38 32 32 71 92 112 88
Investments 4 9 15 19 10 14 15 14 10 9 9 11
286 354 393 491 585 639 754 773 844 694 780 926
Total Assets 793 1,058 1,115 1,474 1,709 1,902 2,014 2,145 2,318 2,303 2,669 3,054

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
219 209 225 266 412 284 394 551 396 583 453
-268 -96 -366 -272 -334 -235 -254 -378 -311 -462 -476
37 -92 166 21 -64 -5 -187 -163 -102 -58 -48
Net Cash Flow -12 21 25 14 13 44 -47 10 -17 64 -70

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 98 126 134 122 119 109 84 43 61 43 40 50
Inventory Days
Days Payable
Cash Conversion Cycle 98 126 134 122 119 109 84 43 61 43 40 50
Working Capital Days -43 -77 -102 -134 -88 -110 -118 -88 -84 -81 -110 -91
ROCE % 19% 15% 12% 7% 12% 15% 18% 27% 31% 27% 15%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
9.90% 10.16% 9.93% 10.33% 10.51% 10.46% 9.37% 8.60% 8.56% 8.67% 8.66% 8.66%
0.52% 0.52% 0.37% 0.36% 0.02% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
14.58% 14.32% 14.70% 14.31% 14.47% 14.50% 15.60% 16.36% 16.40% 16.31% 16.31% 16.32%
No. of Shareholders 20,85222,80626,78627,58327,66027,79028,88429,35829,12326,83227,67027,651

* 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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Documents

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