GTPL Hathway Ltd (GTPL) AI Stock Analysis

• Market Cap: ₹6.83B
• Dividend Yield: 2%
• Average Volume (3M): 674.00
• Price to Earnings (P/E): 25.4
• Beta (1Y): 0.87
• 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: 58 Neutral
• Price Target: ₹66.00 ▼(-33.13% Downside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is held back primarily by weak technicals (below key moving averages and negative MACD). Financial performance is solid on revenue growth and improving operating margins with manageable leverage, but low net margin/ROE and only moderate cash-flow conversion temper the outlook; valuation is mixed with a decent dividend yield but a relatively high P/E.

Positive Factors

Sustained Revenue Growth

GTPL has shown durable top-line growth (~8.6% reported) and a stated positive revenue trajectory, indicating expanding subscriber reach or higher ARPU. Over 2-6 months this supports recurring subscription cash flows and scale advantages across cable and broadband segments.

Strong Gross and Improved Operating Margins

A near-29% gross margin and improving EBIT/EBITDA margins point to efficient cost control in content distribution and network operations. Sustained margin expansion improves free-cash-generation potential and resilience to cost pressure over the medium term.

Manageable Leverage and Stable Capital Structure

Low leverage (D/E ~0.27) and a healthy equity ratio provide financial flexibility for network capex and market expansion, reducing refinancing risk. This underpins durable capacity to fund broadband rollout and absorb cyclical revenue swings.

Negative Factors

Very Low Net Profit Margin

A net margin near 1.4% leaves minimal buffer against increased content, bandwidth, or regulatory costs and constrains retained earnings. Over months this limits the company’s ability to reinvest internally or absorb adverse shocks without external financing.

Weak Return on Equity

ROE around 4% signals inefficient conversion of shareholder capital into profits. Persistently low ROE can depress long-term shareholder returns and suggests the company may struggle to earn above its cost of equity without better margin or asset productivity improvements.

Low Free-Cash-Flow Conversion

Although FCF improved from negative to positive, weak conversion of net income into free cash constrains discretionary spending on capex, debt paydown, or dividends. Over a multi-month horizon this reduces strategic flexibility versus peers with stronger cash conversion.

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

Strong revenue growth and improved EBIT/EBITDA margins support the score, and leverage is manageable (debt-to-equity 0.27). Offsetting factors are the low net profit margin (1.37%), low ROE (4.11%), and only moderate free-cash-flow conversion despite improvement.

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: 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 above the 20-day moving average (MA) of 69.17, above the 50-day MA of 80.91, and below the 200-day MA of 102.91, indicating a bearish trend. The MACD of -6.20 indicates Positive momentum. The RSI at 33.21 is Neutral, neither overbought nor oversold. The STOCH value of 30.93 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
DEN	60 Neutral	₹12.92B	9.77	―	―	-3.51%	-14.31%
HATHWAY	60 Neutral	₹18.00B	25.35	―	―	3.88%	-3.40%
GTPL	58 Neutral	₹6.83B	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 to Engage Investors at Virtual Arihant Capital Conference

GTPL Hathway Ltd has announced that its executives will participate in the Arihant Capital Bharat Connect Conference on March 9, 2026, via a virtual format. The interaction is expected to be a group meeting with investors, reflecting the company’s continued engagement with the investment community and efforts to maintain transparency.

The company has clarified that no unpublished price-sensitive information will be shared or discussed during this conference, signaling adherence to regulatory norms and fair disclosure practices. Details of the event and related disclosures will also be made available on the company’s website, reinforcing its focus on accessible and compliant communication with stakeholders.