GTPL Hathway Ltd

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

GTPL Hathway Ltd

₹ 113 -0.34%
17 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 ₹ 1,268 Cr.
  • Current Price ₹ 113
  • High / Low ₹ 187 / 90.0
  • Stock P/E 25.1
  • Book Value ₹ 80.6
  • Dividend Yield 3.55 %
  • ROCE 8.10 %
  • ROE 5.59 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 56.3%

Cons

  • The company has delivered a poor sales growth of 3.62% over past five years.
  • Company has a low return on equity of 8.30% 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

Sector: Entertainment Industry: Entertainment / Electronic Media Software

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
388.00 397.02 415.43 435.71 446.65 506.49 501.41 511.55 509.07 535.99 539.03 556.16 562.19
313.20 332.69 344.12 378.46 393.43 442.08 435.54 445.96 448.63 474.25 480.13 499.78 502.99
Operating Profit 74.80 64.33 71.31 57.25 53.22 64.41 65.87 65.59 60.44 61.74 58.90 56.38 59.20
OPM % 19.28% 16.20% 17.17% 13.14% 11.92% 12.72% 13.14% 12.82% 11.87% 11.52% 10.93% 10.14% 10.53%
9.49 10.93 6.39 13.98 -17.41 5.32 10.65 10.13 0.38 7.30 6.18 9.00 3.35
Interest 1.53 1.87 1.55 2.12 2.64 3.50 3.66 4.39 4.24 5.00 4.06 6.56 6.58
Depreciation 36.01 37.29 41.07 40.41 40.14 35.10 39.82 45.42 42.48 43.67 42.15 44.58 44.65
Profit before tax 46.75 36.10 35.08 28.70 -6.97 31.13 33.04 25.91 14.10 20.37 18.87 14.24 11.32
Tax % 18.18% 24.13% 24.32% 27.00% -54.52% 26.57% 26.39% 26.17% 29.43% 26.26% 25.97% 25.14% 28.00%
38.25 27.39 26.56 20.95 -3.17 22.85 24.31 19.13 9.95 15.02 13.97 10.66 8.15
EPS in Rs 3.40 2.44 2.36 1.86 -0.28 2.03 2.16 1.70 0.88 1.34 1.24 0.95 0.72
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
445 470 491 613 739 819 1,836 1,756 1,531 1,695 2,029 2,193
321 353 373 433 521 594 1,512 1,436 1,232 1,449 1,772 1,957
Operating Profit 124 117 117 180 218 225 324 319 299 246 256 236
OPM % 28% 25% 24% 29% 29% 27% 18% 18% 20% 15% 13% 11%
1 3 6 25 13 -32 -72 37 30 14 26 26
Interest 32 34 38 56 31 39 35 17 10 8 16 22
Depreciation 51 59 68 93 109 125 145 156 138 159 163 175
Profit before tax 42 27 16 56 89 28 73 183 181 93 104 65
Tax % 36% 35% 9% 29% 34% 49% 64% 27% 24% 23% 27% 26%
27 17 15 40 59 14 26 133 137 72 76 48
EPS in Rs 133.90 86.45 1.51 4.08 5.25 1.29 2.32 11.79 12.20 6.38 6.78 4.25
Dividend Payout % 0% 0% 3% 25% 19% 78% 130% 34% 33% 63% 59% 47%
Compounded Sales Growth
10 Years: 17%
5 Years: 4%
3 Years: 13%
TTM: 8%
Compounded Profit Growth
10 Years: 11%
5 Years: -6%
3 Years: -29%
TTM: -37%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: -17%
1 Year: -36%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 8%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 2 2 98 98 112 112 112 112 112 112 112 112
Reserves 315 331 254 293 550 551 541 640 733 761 792 794
216 189 390 463 253 262 178 125 108 115 197 234
309 370 456 432 476 552 715 727 582 772 824 935
Total Liabilities 842 892 1,198 1,286 1,391 1,478 1,547 1,605 1,535 1,760 1,925 2,076
440 451 552 614 629 584 647 644 653 793 859 907
CWIP 6 2 2 7 5 1 4 2 10 7 16 60
Investments 107 128 138 155 196 208 181 165 202 200 240 391
289 311 506 510 562 686 715 793 670 760 810 718
Total Assets 842 892 1,198 1,286 1,391 1,478 1,547 1,605 1,535 1,760 1,925 2,076

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
149 171 54 119 265 178 254 277 140 326 195 277
-214 -84 -200 -197 -224 -126 -167 -136 -87 -210 -231 -223
61 -68 160 55 -22 -8 -151 -113 -67 -55 -32 -89
Net Cash Flow -4 18 14 -23 19 44 -64 28 -14 60 -68 -35

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 136 146 182 179 160 137 55 83 55 56 61 65
Inventory Days
Days Payable
Cash Conversion Cycle 136 146 182 179 160 137 55 83 55 56 61 65
Working Capital Days -54 -91 -30 21 4 -12 -30 -40 -51 -89 -73 -67
ROCE % 16% 12% 9% 14% 14% 13% 23% 25% 22% 13% 12% 8%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
10.51% 10.46% 9.37% 8.60% 8.56% 8.67% 8.66% 8.66% 8.64% 8.64% 8.61% 8.39%
0.02% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.02% 0.00% 0.00% 0.00%
14.47% 14.50% 15.60% 16.36% 16.40% 16.31% 16.31% 16.32% 16.34% 16.36% 16.39% 16.61%
No. of Shareholders 27,66027,79028,88429,35829,12326,83227,67027,65128,14628,47928,27628,968

* 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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