GTPL Hathway Ltd (GTPL) AI Stock Analysis

• Market Cap: ₹10.85B
• Dividend Yield: 2%
• Average Volume (3M): 674.00
• Price to Earnings (P/E): 24.1
• Beta (1Y): 0.76
• 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: ₹103.00 ▲(4.36% Upside)

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

Revenue Growth

Consistent ~8% revenue growth indicates expanding subscriber uptake across cable and broadband, providing a durable top-line runway. Sustained top-line expansion supports scale economies, funds ongoing network upgrades, and strengthens revenue diversification across subscriptions and advertising.

Gross Profit Margin

A gross profit margin near 29% reflects efficient cost management in content distribution and network operations. Sustained gross margins give the company operating cushion to absorb SG&A and capex, enabling reinvestment in bandwidth upgrades and potential margin expansion with higher utilization.

Capital Structure / Leverage

A conservative capital structure with a 35.6% equity ratio and low debt-to-equity (~0.27) reduces financial risk and interest burden. This balance supports medium-term investments in infrastructure and strategic partnerships without overleveraging, improving resilience to cyclical pressures.

Negative Factors

Low Net Profit Margin

A net margin around 1.4% signals thin ultimate profitability after operating costs and finance charges. Persistently low net margins limit retained earnings and the firm's ability to self-fund growth, pay consistent dividends, or build buffers against cost shocks unless structural expense or pricing improvements occur.

Weak Return on Equity

ROE near 4.1% indicates limited effectiveness in converting shareholder capital into profits. Even with revenue gains, low ROE suggests efficiency or margin issues that can constrain long-term shareholder value creation and complicate capital allocation decisions absent sustained profitability improvements.

Free Cash Flow Conversion

Although operating cash flow has improved, weak conversion of net income into free cash flow restricts discretionary funds for capex, debt reduction, or shareholder returns. Low FCF conversion may necessitate external financing for broadband upgrades, limiting financial flexibility over the medium term.

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	35.45B	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	4.54B	4.63B	5.11B	4.97B	5.58B	5.72B
Net Income	441.60M	478.92M	1.07B	1.14B	2.00B	1.88B
Balance Sheet
Total Assets	0.00	32.68B	30.54B	27.10B	23.52B	23.53B
Cash, Cash Equivalents and Short-Term Investments	1.16B	485.11M	1.03B	1.45B	814.23M	939.45M
Total Debt	0.00	3.13B	2.88B	1.61B	1.39B	1.80B
Total Liabilities	-12.93B	19.75B	17.68B	15.00B	12.27B	14.00B
Stockholders Equity	12.93B	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: Neutral
• STOCH: Neutral

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 below the 20-day moving average (MA) of 99.70, below the 50-day MA of 100.96, and below the 200-day MA of 108.80, indicating a bearish trend. The MACD of -0.90 indicates Positive momentum. The RSI at 39.17 is Neutral, neither overbought nor oversold. The STOCH value of 35.64 is Neutral, 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	₹10.85B	24.13	―	2.00%	8.43%	-36.53%
DEN	60 Neutral	₹14.48B	7.58	―	―	-3.51%	-14.31%
HATHWAY	60 Neutral	₹21.21B	21.74	―	―	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	₹7.14B	-1.04	―	―	-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.