GTPL Hathway Ltd (GTPL) AI Stock Analysis

• Market Cap: ₹8.83B
• Dividend Yield: 2%
• Average Volume (3M): 674.00
• Price to Earnings (P/E): 21.3
• Beta (1Y): 0.81
• 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: 61 Neutral
• Price Target: ₹82.00 ▼(-16.92% Downside)

GTPL Hathway Ltd's overall stock score is driven by solid financial performance and stable cash flow trends. However, technical analysis indicates potential bearish trends, and valuation metrics suggest the stock may be overvalued. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Recurring subscription revenue

A business driven by recurring subscriptions across cable TV and broadband creates predictable, durable revenue and cash flows. This recurring model supports multi-year customer lifetime value, steady working capital needs, and better forecasting for network investments and margin improvement.

Revenue growth and efficiency

Sustained revenue growth combined with improved operational efficiency suggests GTPL can scale its fixed-cost network and capture higher incremental margins over time. If maintained, this structural improvement supports reinvestment in broadband expansion and strengthens competitive positioning versus smaller local operators.

Manageable leverage

A conservative capital structure with low debt-to-equity leaves room for capital expenditure and strategic investments into broadband capacity without overleveraging. This balance gives management flexibility to fund growth, withstand cyclical headwinds, and preserve access to credit for long-term network upgrades.

Negative Factors

Low overall profitability

A low net profit margin and modest ROE signal structural challenges converting revenue into shareholder returns. Persistent low profitability can limit internal funding for expansion, curb dividend capacity, and require either higher operational leverage or strategic change to sustainably raise returns over the medium term.

Weak free cash flow conversion

Although operating cash flow improved, weak conversion of net income into free cash flow constrains the company’s ability to self-fund capex, reduce leverage, or return capital. Over months, poor FCF conversion can force external financing or slower network rollouts, limiting growth execution.

Declining EPS trend

A negative EPS growth rate implies earnings pressure that may reflect competitive pricing, rising content/bandwidth costs, or margin compression. If this trend persists, it undermines the company’s capacity to invest, reduces strategic optionality, and may indicate deeper operational or market-share challenges.

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

GTPL Hathway Ltd shows solid financial performance with strong revenue growth and improved operational efficiency. The balance sheet is stable with manageable debt levels, but the low net profit margin and return on equity indicate areas for improvement. Cash flow trends are positive, though further enhancement in free cash flow conversion is desirable.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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 85.44, above the 50-day MA of 94.06, and below the 200-day MA of 106.88, indicating a bearish trend. The MACD of -5.52 indicates Positive momentum. The RSI at 26.81 is Positive, neither overbought nor oversold. The STOCH value of 18.61 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
GTPL	61 Neutral	₹8.83B	21.33	―	2.00%	8.43%	-36.53%
DEN	60 Neutral	₹13.43B	7.15	―	―	-3.51%	-14.31%
HATHWAY	60 Neutral	₹18.82B	18.09	―	―	3.88%	-3.40%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SITINET	39 Underperform	₹427.31M	-0.21	―	―	-6.97%	-25.25%
DISHTV	38 Underperform	₹6.41B	-0.91	―	―	-22.62%	66.73%

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.