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GTPL Hathway Ltd

₹ 99.70.29%
06 Jan – close price
🔗gtpl.net•BSE: 540602•NSE: GTPL
Market Cap₹ 1,121 Cr.
Current Price₹ 99.7
High / Low₹ 158
Stock P/E34.6
Book Value₹ 79.6
Dividend Yield2.01 %
ROCE8.10 %
ROE5.59 %
Face Value₹ 10.0
Sales₹ 2,349 Cr.
OPM9.59 %
Mar Cap₹ 1,121 Cr.

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 Segmenta) 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]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Sun TV Network578.8013.7522809.622.59354.69-13.421299.8738.9220.404359.5251.151659.01354.331.8514.470.01
2.Zee Entertainmen91.6413.778802.202.6576.50-62.131969.20-1.579.217956.9012.77639.3176.500.765.530.02
3.Sri Adhik. Bros.1703.70–4322.810.00-1.86-3820.000.03-97.2539.225.05-9.11-1.46-1.86–0.700.12
4.Hathway Cable12.5022.512212.630.0018.25-29.04536.674.673.032091.4716.3798.3018.250.501.910.00
5.Den Networks31.947.941524.250.0035.17-32.45241.43-3.075.28991.509.37191.8735.160.413.680.01
6.GTPL Hathway99.6734.571120.922.015.25-62.42635.8117.958.102348.849.5932.425.251.252.530.35
7.NDTV96.97–1094.060.00-74.01-40.44122.279.84-47.81489.71-41.88-261.06-74.11–-34.14–
–Median: 12 Co.66.7819.481107.490.00.26-36.45214.491.076.47929.229.4816.311.120.942.220.02

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
435.71511.55556.16506.49535.99594.68446.65509.07562.19415.43501.41539.03635.81
Expenses
378.46445.96499.78442.08474.25539.80393.43448.63502.99344.12435.54480.13580.93
Operating Profit
57.2565.5956.3864.4161.7454.8853.2260.4459.2071.3165.8758.9054.88
Other Income
13.9810.139.005.327.304.34-17.410.383.356.3910.656.184.42
Profit before tax
28.7025.9114.2431.1320.377.76-6.9714.1011.3235.0833.0418.877.31
Tax %
27.00%26.17%25.14%26.57%26.26%27.45%-54.52%29.43%28.00%24.32%26.39%25.97%28.04%
Net Profit
20.9519.1310.6622.8515.025.63-3.179.958.1526.5624.3113.975.25
EPS in Rs
1.861.700.952.031.340.50-0.280.880.722.362.161.240.47

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
4454704916137398191,8361,7561,5311,6952,0292,1932,349
Expenses
3213533734335215941,5121,4361,2321,4491,7721,9572,124
Operating Profit
124117117180218225324319299246256236225
Other Income
1362513-32-72373014262621
Interest
3234385631393517108162228
Depreciation
51596893109125145156138159163175178
Profit before tax
42271656892873183181931046541
Net Profit
2717154059142613313772764830
EPS in Rs
133.9086.451.514.085.251.292.3211.7912.206.386.784.252.64
Dividend Payout %
0%0%3%25%19%78%130%34%33%63%59%47%–

Compounded Profit Growth

10 Years:11%
5 Years:-6%
3 Years:-29%
TTM:-48%

Compounded Sales Growth

10 Years:17%
5 Years:4%
3 Years:13%
TTM:12%

Return on Equity

10 Years:11%
5 Years:12%
3 Years:8%
Last Year:6%

Stock Price CAGR

10 Years:%
5 Years:-8%
3 Years:-10%
1 Year:-27%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
229898112112112112112112112112112
Reserves
315331254293550551541640733761792794783
Borrowings
216189390463253262178125108115197234313
Other Liabilities
3093704564324765527157275827728249351,347
Total Liabilities
8428921,1981,2861,3911,4781,5471,6051,5351,7601,9252,0762,556
Fixed Assets
440451552614629584647644653793859897918
Gross Block
5506227859401,0581,1311,3731,4831,5861,8572,0592,236–
Accumulated Depreciation
1101702333264295477268389331,0641,2001,339–
CWIP
62275142107167068
Investments
107128138155196208181165202200240391401
Other Assets
2893115065105626867157936707608107181,169
Total Assets
8428921,1981,2861,3911,4781,5471,6051,5351,7601,9252,0762,556

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
14917154119265178254277140326195277
Cash from Investing Activity
-214-84-200-197-224-126-167-136-87-210-231-223
Cash from Financing Activity
61-6816055-22-8-151-113-67-55-32-89
Net Cash Flow
-41814-231944-6428-1460-68-35

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
136146182179160137558355566165
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
136146182179160137558355566165
Working Capital Days
-54-132-74-105-81-64-47-62-67-106-94-89
ROCE %
16%12%9%14%14%13%23%25%22%13%12%8%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs
9.37%8.60%8.56%8.67%8.66%8.66%8.64%8.64%8.61%8.39%8.40%8.41%
DIIs
0.03%0.03%0.03%0.03%0.03%0.03%0.02%0.00%0.00%0.00%0.00%0.00%
Public
15.60%16.36%16.40%16.31%16.31%16.32%16.34%16.36%16.39%16.61%16.60%16.59%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

NECC Ltd. Publishes Postal Ballot Notice; Financial Updates from SG Finserve, GTPL Hathway, NMDC, Lotus Chocolate, and Anuh Pharma.

17th April 2026, 5:05 pm

GTPL Hathway: Audio of Q4 FY26 Results Conference Call Now Available Online

17th April 2026, 12:26 am

GTPL Hathway Announces FY26 Results: Revenue Up 7%, Recommends Dividend

16th April 2026, 3:34 am

GTPL Hathway Reports Q4 and FY26 Financial Results

16th April 2026, 3:30 am

GTPL Hathway Approves FY26 Audited Results, Recommends Dividend, Re-appoints Director Amidst DoT Litigation

16th April 2026, 2:55 am

Published by Other Websites

External media mentions & references

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16th April 2026, 7:16 am

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15th April 2026, 9:00 pm

Q4 Earnings Alert: ICICI Lombard, Reliance Infra, Tejas Networks Among Firms Reporting Today

15th April 2026, 9:19 am

India Markets Surge on US-Iran Peace Hopes; LIC, GAIL, OMCs Lead Rally

15th April 2026, 8:02 am

RailTel Wins Rs 564 Cr Orders; LIC Bonus, Ujjivan RBI Rejection Drive Trade

15th April 2026, 7:17 am

News Articles

Editorial & research coverage

Sensex Drops 250 Points, Nifty Holds 25,700 Amid Market Dip
Sensex Drops 250 Points, Nifty Holds 25,700 Amid Market Dip

13th January 2026, 3:46 pm

Q3 Results: HCLTech, GTPL Hathway Rally; Bank of Maharashtra Earnings Due
Q3 Results: HCLTech, GTPL Hathway Rally; Bank of Maharashtra Earnings Due

13th January 2026, 9:23 am

GTPL Hathway Q3 Results: Profit Jumps 8.9%, Revenue Rises Amid Expansion
GTPL Hathway Q3 Results: Profit Jumps 8.9%, Revenue Rises Amid Expansion

13th January 2026, 8:16 am

Market Hits New Highs! But Is It All Smooth Sailing? Top Stocks Surge Amid Mixed Signals!
Market Hits New Highs! But Is It All Smooth Sailing? Top Stocks Surge Amid Mixed Signals!

1st December 2025, 2:29 pm

GTPL Hathway Stock Soars: New 'Infinity' Platform Could Revolutionize India's Digital Broadcasting!
GTPL Hathway Stock Soars: New 'Infinity' Platform Could Revolutionize India's Digital Broadcasting!

1st December 2025, 11:21 am

Documents

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

8h - The Company will hold Conference Call with investors and analysts to discuss the financial results for the quarter and nine months ended December 31, 2025, …

Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended December 31, 2025.

1d - Board meeting Jan 12, 2026 to approve Q3/9M results ended Dec 31, 2025; trading window closed.

Closure of Trading Window

30 Dec - Trading window closed Jan 1, 2026 until 48 hours after Dec 31, 2025 quarter results.

Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015

27 Dec - CGST order dated 23 Dec 2025 levies Rs.13.56 crore penalty for alleged excess ITC; company will appeal.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

29 Nov 2025 - GTPL launches GTPL Infinity HITS on Nov 29, 2025; ~800 channels (~100 HD), C-Band teleport, PAN-India reach.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Credit Ratings

Rating update

6 Jun 2024 from fitch

Rating update

10 Mar 2023 from fitch

Rating update

13 Dec 2021 from fitch

Rating update

24 Jun 2021 from fitch

Rating update

5 Jan 2021 from fitch

Rating update

3 Mar 2020 from crisil

Concalls

Oct 2025

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Stock Analysis

Description

  1. GTPL Hathway Limited is India’s largest MSO providing Digital Cable TV and Wireline Broadband services, focused on expanding digital infrastructure nationwide.

Key Growth Triggers

  1. The launch of the nationwide 'GTPL Infinity' HITS platform is a key strategic initiative for pan-India reach and rural penetration.
  2. Expansion in broadband services via FTTH and B2B models, alongside bundled service offerings, aims to drive subscriber growth and ARPU.
  3. Leveraging industry consolidation for inorganic growth opportunities.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Contingent liabilities from Department of Telecommunications (DoT) license fee demands remain a significant concern.
  2. Standalone Net Profit was impacted by one-time expenses due to new wage code and HITS platform Right-of-Use (ROU) costs.

Key Dates To Watch

  1. January 12, 2026: Board Meeting to approve Q3 FY26 results.
  2. January 13, 2026: Post-results conference call for Q3 FY26 discussion.

Corporate Announcements

17th Apr 26
Impact Rating: -
No description available.
16th Apr 26
Impact Rating: 5
Investors can now access the audio recording of GTPL Hathway Limited's post-results conference call on its audited financial results for the quarter and fiscal year ending March 31, 2026. The call was held on April 16, 2026.
15th Apr 26
Impact Rating: 9
GTPL Hathway announced its FY26 audited financial results, with total revenue growing 7% annually to ₹37,466 million. Q4 FY26 revenue stood at ₹9,344 million. The company declared a dividend of ₹2 per share for FY26.
15th Apr 26
Impact Rating: 9
GTPL Hathway reported its Q4 and full FY26 results, with consolidated revenue up 4% YoY and standalone revenue up 9% YoY. The company also provided updates on its Cable TV and Broadband operations.
15th Apr 26
Impact Rating: 9
GTPL Hathway announced FY26 audited financials, recommending a ₹2 dividend and re-appointing Mr. Hingwala as an Independent Director. The company faces significant litigation from the Department of Telecommunications regarding license fees.