Hathway Cable & Datacom Ltd. (HATHWAY) AI Stock Analysis

• Market Cap: ₹17.88B
• Dividend Yield: N/A
• Average Volume (3M): 214.59K
• Price to Earnings (P/E): 25.3
• Beta (1Y): 1.24
• Revenue Growth: 3.88%
• EPS Growth: -3.40%
• Country: IN
• Employees: 566
• Sector: Communication Services
• Sector Strength: 97
• Industry: Entertainment
• EPS (TTM): 0.12
• Shares Outstanding: 1,770,104,500
• 10 Day Avg. Volume: 157,206
• 30 Day Avg. Volume: 214,586
• PEG Ratio: -3.62
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 1.17
• P/FCF Ratio: 25.94
• 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: 60 Neutral
• Price Target: ₹10.50 ▼(-15.39% Downside)
• Action: Reiterated Date: 11/12/25
• Date: Action: Reiterated 11/12/25

Hathway Cable & Datacom Ltd. demonstrates strong financial performance with consistent revenue growth and a robust balance sheet. However, technical indicators suggest a bearish trend, and the stock is currently oversold. The valuation is moderate, but the lack of a dividend yield may deter income investors. Overall, while the company is financially stable, market sentiment and technical factors present challenges.

Positive Factors

Balance sheet strength

A high equity ratio and very low debt reduce financial risk and preserve borrowing capacity. This balance-sheet strength supports multi-year broadband network investment, shields operations in downturns, and gives flexibility to fund capex or strategic initiatives without urgent external financing.

Recurring revenue and steady top-line

Subscription-driven broadband and cable revenues create predictable, recurring cash inflows that support steady operations and planning. Even modest but consistent revenue growth preserves scale benefits, aids margin stability, and underpins long-term customer lifetime value economics.

Improving cash generation

A move to positive free cash flow indicates the business can internally fund a portion of capex and working capital. Sustainable cash generation reduces reliance on external capital, enables targeted network upgrades, and supports investment in customer retention and service quality over multiple quarters.

Negative Factors

Free cash flow variability

Irregular free cash flow undermines planning for steady network investment and makes dividend or share buyback policies harder to sustain. Persistent variability can force episodic financing, constrain strategic initiatives, and increase execution risk for multi-year broadband expansion plans.

Profitability and ROE inconsistency

Fluctuating ROE and intermittent net margin swings signal inconsistent conversion of revenue into shareholder returns. Over time this may reflect competitive pressure, pricing dynamics, or cost volatility, making long-term return forecasts and capital allocation decisions less reliable.

Modest revenue growth rate

Single-digit top-line growth in a capital-intensive industry limits the pace at which scale economies and ARPU expansion can materialize. Slower growth may constrain reinvestment capacity, reduce bargaining power with vendors, and make it harder to outpace larger national competitors over several quarters.

Hathway Cable & Datacom Ltd. Business Overview & Revenue Model

Company Description

Hathway Cable and Datacom Limited provides cable television network, Internet, and allied services. It operates through Broadband Business and Cable Television segments. The company also provides home and business broadband services. In addition, the company operates H-tube, a channel for broadcasting videos; CCC – Cine Channel, a 24 hours movie channel; HMART, a shopping channel; and HFLICKS1 and HFLICKS2, which are entertainment channels. The company offers its cable TV services in approximately 350 cities and towns in India. Hathway Cable and Datacom Limited was incorporated in 1959 and is based in Mumbai, India.

How the Company Makes Money

Hathway primarily makes money through recurring subscription revenues from (1) broadband internet services and (2) cable television distribution services. In the broadband segment, it earns monthly fees from residential and business customers for internet plans (with pricing typically based on speed tiers, data allowances, and service bundles), and may also generate ancillary revenue from installation, activation, router/CPE rentals or sales, plan upgrades, and penalties related to service changes or late payments (specific line items not available: null). In the cable TV segment, it earns subscription income collected directly from end subscribers and/or through local cable operators (LCOs) on its network (exact revenue-share terms not available: null). It may also earn revenue from carriage/broadcast-related fees or related distribution arrangements (specific details not available: null). Revenue is influenced by subscriber base growth, churn, average revenue per user (ARPU), network coverage and capacity, competitive pricing, and regulatory conditions in India’s telecom and broadcasting sectors. Significant partnerships or ownership-linked commercial arrangements: null.

Hathway Cable & Datacom Ltd. Financial Statement Overview

Summary

Hathway Cable & Datacom Ltd. shows strong financial health with consistent revenue growth and efficient cost management, contributing to solid profitability. The balance sheet is robust, characterized by low debt and high equity, ensuring financial stability. However, the cash flow performance, while improved, exhibits some volatility that requires attention for sustained financial strength.

Income Statement

Hathway Cable & Datacom Ltd. has demonstrated consistent revenue growth with a 3% increase in the latest year, indicating a positive trajectory in its income generation. The gross profit and EBIT margins show substantial efficiency in managing production and operational costs, leading to improved profitability. However, the net profit margin has seen fluctuations, highlighting some volatility in net income, which could be a potential area of concern.

Balance Sheet

The company maintains a strong equity position, with a high equity ratio indicating stability and low financial leverage. The debt-to-equity ratio is significantly low, which reduces financial risk. However, the return on equity has seen some variability, reflecting inconsistencies in generating returns from equity investments.

Cash Flow

Operating cash flow has improved significantly after a dip, and the company has managed to turn around its free cash flow to a positive state in the most recent year. The cash flow to net income ratios indicate effective cash management. However, the variability in free cash flow growth over the years suggests potential challenges in maintaining consistent cash flow performance.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	20.91B	20.40B	19.81B	18.58B	17.91B	17.32B
Gross Profit	8.54B	10.53B	1.43B	10.62B	10.41B	3.05B
EBITDA	4.19B	3.41B	4.25B	3.36B	3.71B	5.28B
Net Income	976.40M	925.10M	993.10M	652.90M	1.30B	2.53B
Balance Sheet
Total Assets	54.35B	51.22B	49.63B	48.31B	46.20B	45.19B
Cash, Cash Equivalents and Short-Term Investments	23.21B	21.55B	17.62B	14.06B	7.80B	11.52B
Total Debt	93.90M	126.00M	196.60M	50.70M	0.00	0.00
Total Liabilities	10.01B	7.38B	6.72B	6.46B	4.93B	5.21B
Stockholders Equity	44.32B	43.82B	42.90B	41.83B	41.25B	39.97B
Cash Flow
Free Cash Flow	341.20M	922.30M	-6.30B	606.40M	-476.80M	278.80M
Operating Cash Flow	1.20B	2.90B	-4.10B	4.53B	3.33B	4.67B
Investing Cash Flow	-1.45B	-2.63B	2.74B	-3.03B	-3.82B	5.42B
Financing Cash Flow	-36.80M	-84.60M	-13.80M	0.00	-600.00K	-20.03B

Hathway Cable & Datacom Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.41
• 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:HATHWAY, the sentiment is Negative. The current price of 12.41 is above the 20-day moving average (MA) of 10.41, above the 50-day MA of 11.03, and below the 200-day MA of 13.51, indicating a bearish trend. The MACD of -0.36 indicates Positive momentum. The RSI at 39.44 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HATHWAY.

Hathway Cable & Datacom Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
HATHWAY	60 Neutral	₹17.88B	25.35	―	―	3.88%	-3.40%
DEN	60 Neutral	₹12.65B	9.77	―	―	-3.51%	-14.31%
GTPL	58 Neutral	₹6.70B	25.41	―	2.00%	8.43%	-36.53%
DISHTV	39 Underperform	₹4.20B	-0.66	―	―	-22.62%	66.73%
SITINET	39 Underperform	₹427.31M	-0.24	―	―	-6.97%	-25.25%

Hathway Cable & Datacom Ltd. Corporate Events

Hathway Cable & Datacom Files Q3 and Nine-Month FY2025 Unaudited Results

Hathway Cable & Datacom Ltd. has released its consolidated and standalone unaudited financial results for the quarter and nine months ended 31 December 2025, along with the independent auditor’s review report, in compliance with Indian listing regulations. The figures, prepared under Ind AS 34 and reviewed by the audit committee, board of directors and external auditors (who conducted a limited review rather than a full audit), provide investors and regulators with interim visibility into the group’s financial performance ahead of audited annual numbers, helping stakeholders gauge the company’s operational trajectory in the evolving cable and broadband market.