GTPL Hathway Ltd
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. #
Leadership in Gujarat & WB:
Grew to National MSO with footprints in 800+ towns across 13 states in India in 14 Years, providing both Cable TV & Broadband Services. GTPL is currently the no. 2 multisystem operator in India, no. 1 multisystem operator in Gujarat with 67% of market share, no. 2 player in West Bengal with 24% market share, and no. 6 private wireline broadband player in India offering High speed & Truly unlimited data.
GTPL Joins With Reliance Group: #
Currently, the public holding in GTPL Hathway is around 26.2%, with balance equity being held equally held by its initial promoters Anirudhsinhji + Kanaksinh (37.04%) and HCDL (37.32%). Reliance group acquired a 51.35% stake in HCDL by issuing shares on a preferential basis, and an additional 26% from public shareholders. HCDL holds a 37.32% stake in GTPL.
Future Prospects of the Company: #
The company is currently expanding aggressively in Andhra Pradesh, Maharashtra, North East, Telangana, Tamil Nadu, and other operating States. The company is also trying to provide CATV services along with Broadband & OTT services as a bundle by tying up with different service providers with attractive rates to convert current customers & add new customers.
Huge growth opportunities going ahead as only 6% of homes in India are currently connected through wireline broadband.
- 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.
Peer comparison
Sector: Entertainment Industry: Entertainment / Electronic Media Software
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 |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 18 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Feb
- Announcement under Regulation 30 (LODR)-Diversification / Disinvestment 27 Jan
- Announcement under Regulation 30 (LODR)-Investor Presentation 13 Jan
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 13 Jan
View all