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 26.4
  • Book Value ₹ 103
  • Dividend Yield 3.55 %
  • ROCE 5.99 %
  • ROE 4.13 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.09 times its book value
  • Company has been maintaining a healthy dividend payout of 42.8%

Cons

  • The company has delivered a poor sales growth of 7.84% over past five years.
  • Company has a low return on equity of 8.36% over last 3 years.
  • Debtor days have increased from 50.5 to 61.8 days.

* 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 SmallCap BSE Consumer Discretionary BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
617 631 655 686 692 774 779 851 808 843 856 887 891
488 510 524 574 591 655 655 730 695 730 748 782 786
Operating Profit 129 121 131 112 101 120 124 121 113 113 107 105 105
OPM % 21% 19% 20% 16% 15% 15% 16% 14% 14% 13% 13% 12% 12%
11 15 8 20 -10 6 11 10 7 7 7 9 8
Interest 4 2 2 2 3 4 5 6 7 7 6 9 8
Depreciation 65 69 74 76 100 74 82 91 90 92 90 93 94
Profit before tax 71 64 63 54 -11 48 48 33 22 22 18 13 11
Tax % 20% 25% 24% 26% -4% 26% 25% 26% 26% 31% 24% 27% 3%
57 48 47 40 -11 35 36 25 16 15 14 10 11
EPS in Rs 4.84 3.85 3.99 3.34 -1.04 3.19 3.04 2.11 1.17 1.27 1.14 0.90 0.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
577 623 736 908 1,091 1,246 2,384 2,467 2,414 2,664 3,212 3,477
421 474 583 697 797 905 1,921 1,947 1,881 2,198 2,735 3,045
Operating Profit 156 149 154 211 294 340 464 520 533 466 477 432
OPM % 27% 24% 21% 23% 27% 27% 19% 21% 22% 18% 15% 12%
2 9 8 33 17 -44 -30 51 24 32 34 30
Interest 40 42 47 64 42 51 45 23 14 10 23 30
Depreciation 72 84 107 139 171 202 232 260 253 319 337 369
Profit before tax 46 33 8 41 98 43 158 288 290 169 151 64
Tax % 47% 39% 54% 36% 42% 43% 44% 27% 25% 26% 26% 23%
25 20 4 26 56 25 88 210 219 125 112 49
EPS in Rs 120.10 83.50 0.75 4.10 5.43 1.68 6.91 16.73 17.75 10.13 9.51 4.26
Dividend Payout % 0% 0% 7% 24% 18% 60% 43% 24% 23% 39% 42% 47%
Compounded Sales Growth
10 Years: 19%
5 Years: 8%
3 Years: 13%
TTM: 8%
Compounded Profit Growth
10 Years: 11%
5 Years: -16%
3 Years: -39%
TTM: -55%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: -17%
1 Year: -39%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 8%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 316 331 282 289 545 552 616 768 919 991 1,047 1,051
282 240 466 546 328 345 223 165 130 149 242 313
458 542 628 776 916 1,004 1,194 1,273 1,141 1,420 1,617 1,792
Total Liabilities 1,058 1,115 1,474 1,709 1,902 2,014 2,145 2,318 2,303 2,672 3,019 3,268
674 696 904 1,054 1,210 1,214 1,325 1,393 1,507 1,768 2,029 2,068
CWIP 22 11 61 60 38 32 32 71 92 113 88 108
Investments 9 15 19 10 14 15 14 10 9 9 11 12
354 393 491 585 639 754 773 844 694 782 891 1,081
Total Assets 1,058 1,115 1,474 1,709 1,902 2,014 2,145 2,318 2,303 2,672 3,019 3,268

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
219 209 225 266 412 284 394 551 396 583 455 452
-268 -96 -366 -272 -334 -235 -254 -378 -311 -461 -477 -380
37 -92 166 21 -64 -5 -187 -163 -102 -58 -48 -111
Net Cash Flow -12 21 25 14 13 44 -47 10 -17 64 -70 -39

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 126 134 122 119 109 84 43 61 43 40 50 62
Inventory Days
Days Payable
Cash Conversion Cycle 126 134 122 119 109 84 43 61 43 40 50 62
Working Capital Days -77 -102 -134 -88 -110 -118 -88 -84 -81 -110 -91 -80
ROCE % 15% 12% 7% 12% 15% 18% 27% 31% 27% 15% 12% 6%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 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%
10.33% 10.51% 10.46% 9.37% 8.60% 8.56% 8.67% 8.66% 8.66% 8.64% 8.64% 8.61%
0.36% 0.02% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.02% 0.00% 0.00%
14.31% 14.47% 14.50% 15.60% 16.36% 16.40% 16.31% 16.31% 16.32% 16.34% 16.36% 16.39%
No. of Shareholders 27,58327,66027,79028,88429,35829,12326,83227,67027,65128,14628,47928,276

* 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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