GTPL Hathway Ltd (GTPL) AI Stock Analysis

• Market Cap: ₹7.15B
• Dividend Yield: 2%
• Average Volume (3M): 674.00
• Price to Earnings (P/E): 25.4
• Beta (1Y): 0.95
• Revenue Growth: 8.43%
• EPS Growth: -36.53%
• Country: IN
• Employees: 700
• Sector: Services
• Sector Strength: N/A
• Industry: Entertainment
• EPS (TTM): 0.98
• Shares Outstanding: 112,463,040
• 10 Day Avg. Volume: 522
• 30 Day Avg. Volume: 674
• PEG Ratio: -0.47
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 18.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: ₹61.00 ▼(-38.20% Downside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is held back primarily by very weak technical momentum (deeply below key moving averages with negative MACD). Financial performance is generally solid with growth and manageable leverage, but profitability (low net margin and ROE) limits upside. Valuation is supportive due to a reasonable P/E and a strong dividend yield.

Positive Factors

Revenue growth & margin improvement

GTPL reports sustained revenue growth and improving EBIT/EBITDA margins, indicating operational leverage. Over 2-6 months this suggests core services (cable + broadband) are scaling more profitably, supporting reinvestment in networks and resilience to cyclical swings.

Stable capital structure

A 35.6% equity ratio and low 0.27 debt/equity indicate manageable leverage and financial flexibility. This durable balance sheet allows GTPL to fund broadband rollouts or absorb content/bandwidth cost pressure without excessive refinancing risk, supporting medium-term stability.

Improving cash generation

Free cash flow turned positive and operating cash flow relative to net income is robust, demonstrating improving cash conversion. This enhances liquidity for capex, debt service and shareholder returns, and reduces reliance on external funding over a 2-6 month horizon.

Negative Factors

Very low net profit margin

A net margin of ~1.37% is structurally thin, leaving little buffer for rising content or bandwidth costs and limiting retained earnings for reinvestment. Over months this compresses ability to boost ARPU or absorb competitive pricing without profit erosion.

Low return on equity

ROE of ~4.11% signals inefficient conversion of shareholder capital into earnings. Persistently low ROE constrains long-term capital allocation, making it harder to justify new equity-funded expansion and limiting the company's capacity to generate superior shareholder returns.

Earnings contraction

Negative EPS growth (~-17.9%) indicates recent earnings pressure and potential volatility in profitability. If this trend persists, it could undermine free cash flow improvement and strain funding for network upgrades or competitive investments over the next several months.

GTPL Hathway Ltd Business Overview & Revenue Model

Company Description

GTPL Hathway Limited, together with its subsidiaries, provides cable television and broadband services. It operates through three segments: Cable Television, Internet, and EPC Project. The company engages in the distribution of television channels through digital cable distribution network. It has a network of approximately 68,000 kilometers of optical fiber cable. The company serves its customers in approximately 1,200 cities across 19 states in India, including Gujarat, Rajasthan, Meghalaya, Manipur, Tripura, Maharashtra, Goa, Jharkhand, Bihar, Assam, West Bengal, Andhra Pradesh, Telangana, Uttar Pradesh, Odisha, and Tamil Nadu. It also acts as an internet service provider. GTPL Hathway Limited was incorporated in 2006 and is based in Ahmedabad, India.

How the Company Makes Money

GTPL Hathway Ltd generates revenue primarily through its cable TV subscription services and broadband internet offerings. The company earns money by charging customers a monthly subscription fee for access to a variety of digital TV channels, including regional and international content. Additionally, GTPL offers broadband internet services to residential and commercial clients, charging based on different plans according to speed and data usage. Key revenue streams include subscription fees from cable TV, broadband internet services, and value-added services such as digital video recorders (DVRs) and high-definition (HD) channels. GTPL also benefits from strategic partnerships with content providers and technology partners, which enhance its service offerings and contribute to its revenue growth.

GTPL Hathway Ltd Financial Statement Overview

Summary

Solid revenue growth and improving EBIT/EBITDA margins support the score, alongside a stable balance sheet with moderate leverage. Offsetting factors include a very low net profit margin (1.37%), low ROE (4.11%), and only moderate free cash flow conversion despite improved free cash flow trends.

Income Statement

GTPL Hathway Ltd has demonstrated a positive revenue growth trajectory, with a significant increase in total revenue from the previous year. The gross profit margin remains strong at approximately 28.9% for 2025, indicating efficient cost management. However, the net profit margin is relatively low at 1.37%, suggesting challenges in translating revenue growth into net income. The EBIT and EBITDA margins have improved, reflecting better operational efficiency.

Balance Sheet

The company maintains a healthy equity ratio of 35.6%, indicating a stable capital structure. The debt-to-equity ratio is moderate at 0.27, suggesting manageable leverage levels. However, the return on equity (ROE) is low at 4.11%, highlighting potential inefficiencies in generating returns from equity investments.

Cash Flow

GTPL Hathway Ltd has shown improvement in free cash flow, transitioning from negative to positive growth, which is a positive indicator for liquidity. The operating cash flow to net income ratio is robust, reflecting strong cash generation from operations. However, the free cash flow to net income ratio is low, indicating room for improvement in converting net income into free cash flow.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	36.55B	34.71B	32.12B	26.64B	24.14B	24.67B
Gross Profit	16.36B	10.15B	9.54B	4.25B	5.27B	8.87B
EBITDA	4.50B	4.63B	5.11B	4.97B	5.58B	5.72B
Net Income	405.82M	478.92M	1.07B	1.14B	2.00B	1.88B
Balance Sheet
Total Assets	37.98B	32.68B	30.54B	27.10B	23.52B	23.53B
Cash, Cash Equivalents and Short-Term Investments	1.09B	485.11M	1.03B	1.45B	814.23M	939.45M
Total Debt	3.75B	3.13B	2.88B	1.61B	1.39B	1.80B
Total Liabilities	25.24B	19.75B	17.68B	15.00B	12.27B	14.00B
Stockholders Equity	11.50B	11.64B	11.60B	11.03B	10.32B	8.80B
Cash Flow
Free Cash Flow	0.00	673.08M	-168.13M	1.15B	987.76M	1.77B
Operating Cash Flow	0.00	4.52B	4.55B	5.83B	3.96B	5.48B
Investing Cash Flow	0.00	-3.80B	-4.77B	-4.62B	-3.11B	-3.75B
Financing Cash Flow	0.00	-1.11B	-474.95M	-580.20M	-1.02B	-1.63B

GTPL Hathway Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 98.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GTPL, the sentiment is Negative. The current price of 98.7 is above the 20-day moving average (MA) of 70.79, above the 50-day MA of 82.45, and below the 200-day MA of 103.36, indicating a bearish trend. The MACD of -6.79 indicates Positive momentum. The RSI at 22.14 is Positive, neither overbought nor oversold. The STOCH value of 13.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GTPL.

GTPL Hathway Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DEN	60 Neutral	₹12.93B	9.77	―	―	-3.51%	-14.31%
HATHWAY	60 Neutral	₹18.06B	25.35	―	―	3.88%	-3.40%
GTPL	56 Neutral	₹7.15B	25.41	―	2.00%	8.43%	-36.53%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
DISHTV	39 Underperform	₹4.81B	-0.66	―	―	-22.62%	66.73%
SITINET	39 Underperform	₹427.31M	-0.24	―	―	-6.97%	-25.25%

GTPL Hathway Ltd Corporate Events

GTPL Hathway Launches GTPL Infinity: A New Era in Digital Broadcasting

GTPL Hathway Limited has launched GTPL Infinity, a Headend in the Sky (HITS) platform that enhances digital broadcasting and content delivery across India. This strategic move positions GTPL at the forefront of satellite-based content distribution, offering PAN-India availability with approximately 800 channels, including 100 HD channels. The platform reduces delivery costs, opens new monetization avenues, and enables rapid deployment for partners, enhancing GTPL’s market reach and service offerings.