GTPL

GTPL Hathway Limited

Multi-system operator for digital TV and broadband services

Consumer Discretionary›Media, Entertainment & Publication›Entertainment›TV Broadcasting & Software Production

gtpl.net(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹56.06
Market cap
630 Cr
Stock P/E
Loss (TTM EPS ₹-0.23)
P/B
0.56
Dividend yield
3.6%
ROE (FY26)
1.2%
ROCE (FY26)
3.8%
Operating margin (FY26)
0.8%
Debt / equity (FY26)
0.20
OCF / EBITDA (FY26)
88.9%
OCF / EBITDA (3Y)
96.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

GTPL Hathway provides digital cable TV and broadband internet services in India, with 9.60 million digital TV subscribers and 1.06 million active broadband subscribers as of June 30, 2026.

Company snapshot

7thBy market cap

Ranked among 15 companies in TV Broadcasting & Software Production.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 82.2% of revenue

SegmentRevenue shareRevenuePBTAssets
Cable TV Business
82.2%
730 Cr5 Cr2,552 Cr
Internet Service
15.7%
139 Cr4 Cr938 Cr
Projects (Including O&M)
2.5%
23 Cr4 Cr78 Cr

What we see

Positives
  • ✓96% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 0.3% — little room for error if costs rise.
3 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Sales851 Cr808 Cr843 Cr856 Cr887 Cr891 Cr904 Cr959 Cr933 Cr924 Cr1,015 Cr1,143 Cr
Operating expenses (approx.)730 Cr695 Cr730 Cr748 Cr782 Cr785 Cr797 Cr855 Cr819 Cr843 Cr911 Cr1,036 Cr
EBITDA121 Cr113 Cr113 Cr107 Cr105 Cr106 Cr107 Cr104 Cr113 Cr80 Cr105 Cr107 Cr
OPM %14.2%14.0%13.4%12.6%11.9%12.0%11.8%10.9%12.2%8.7%10.3%9.4%
Other income10 Cr7 Cr7 Cr6 Cr8 Cr8 Cr5 Cr6 Cr6 Cr11 Cr4 Cr3 Cr
Interest6 Cr7 Cr7 Cr6 Cr9 Cr8 Cr9 Cr9 Cr10 Cr11 Cr10 Cr12 Cr
Depreciation91 Cr90 Cr92 Cr90 Cr93 Cr94 Cr91 Cr91 Cr94 Cr100 Cr97 Cr102 Cr
Profit before tax33 Cr22 Cr22 Cr18 Cr13 Cr11 Cr12 Cr11 Cr15 Cr-20 Cr3 Cr-4 Cr
Tax %26.3%26.3%30.9%23.6%27.5%2.7%40.1%31.4%24.2%31.8%52.2%7.5%
Net profit25 Cr16 Cr15 Cr14 Cr10 Cr11 Cr7 Cr7 Cr12 Cr-14 Cr1 Cr-4 Cr
EPS (₹)₹2.11₹1.17₹1.27₹1.14₹0.90₹0.95₹0.94₹0.82₹0.98₹-1.34₹0.21₹-0.08

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales908 Cr1,091 Cr1,246 Cr2,384 Cr2,467 Cr2,414 Cr2,664 Cr3,212 Cr3,477 Cr3,719 CrSign in free for the trailing twelve months
Operating expenses (approx.)701 Cr799 Cr928 Cr1,922 Cr1,958 Cr1,887 Cr2,198 Cr2,735 Cr3,045 Cr3,314 CrSign in free for the trailing twelve months
EBITDA206 Cr292 Cr318 Cr462 Cr509 Cr528 Cr466 Cr478 Cr432 Cr405 CrSign in free for the trailing twelve months
OPM %22.7%26.8%25.5%19.4%20.6%21.9%17.5%14.9%12.4%10.9%Sign in free for the trailing twelve months
Other income34 Cr22 Cr43 Cr41 Cr63 Cr43 Cr50 Cr34 Cr30 Cr27 CrSign in free for the trailing twelve months
Interest58 Cr39 Cr51 Cr45 Cr23 Cr14 Cr10 Cr23 Cr30 Cr39 CrSign in free for the trailing twelve months
Depreciation139 Cr171 Cr202 Cr232 Cr260 Cr253 Cr319 Cr337 Cr369 Cr376 CrSign in free for the trailing twelve months
Profit before tax41 Cr98 Cr43 Cr158 Cr288 Cr290 Cr169 Cr151 Cr64 Cr18 CrSign in free for the trailing twelve months
Tax %35.7%42.3%42.7%44.3%26.9%24.6%26.3%25.9%23.2%30.7%Sign in free for the trailing twelve months
Net profit26 Cr56 Cr25 Cr88 Cr210 Cr219 Cr125 Cr112 Cr49 Cr12 CrSign in free for the trailing twelve months
EPS (₹)₹4.10₹5.18₹1.68₹6.91₹16.73₹17.75₹10.13₹9.51₹4.26₹1.40Sign in free for the trailing twelve months
Dividend payout %————16.0%20.6%36.0%40.2%91.0%182.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital98 Cr112 Cr112 Cr112 Cr112 Cr112 Cr112 Cr112 Cr112 Cr112 Cr
Reserves289 Cr545 Cr552 Cr616 Cr768 Cr919 Cr991 Cr1,047 Cr1,051 Cr1,034 Cr
Borrowings481 Cr297 Cr278 Cr152 Cr125 Cr118 Cr140 Cr228 Cr228 Cr227 Cr
Other liabilities825 Cr933 Cr1,053 Cr1,258 Cr1,275 Cr1,109 Cr1,360 Cr1,539 Cr1,747 Cr1,781 Cr
Total liabilities1,722 Cr1,919 Cr2,032 Cr2,184 Cr2,353 Cr2,352 Cr2,710 Cr3,054 Cr3,268 Cr3,276 Cr
Fixed assets (net)914 Cr1,047 Cr1,044 Cr1,084 Cr1,124 Cr1,234 Cr1,471 Cr1,705 Cr1,761 Cr1,937 Cr
CWIP60 Cr38 Cr32 Cr32 Cr71 Cr92 Cr112 Cr88 Cr108 Cr66 Cr
Investments10 Cr14 Cr15 Cr14 Cr10 Cr9 Cr9 Cr11 Cr12 Cr11 Cr
Loans & advances——16 Cr13 Cr15 Cr15 Cr16 Cr15 Cr9 Cr5 Cr
Inventories——25 Cr23 Cr8 Cr14 Cr41 Cr24 Cr25 Cr28 Cr
Trade receivables297 Cr326 Cr321 Cr279 Cr383 Cr284 Cr292 Cr437 Cr588 Cr545 Cr
Cash & bank66 Cr86 Cr124 Cr77 Cr87 Cr63 Cr133 Cr63 Cr24 Cr31 Cr
Other assets375 Cr407 Cr455 Cr663 Cr655 Cr641 Cr636 Cr710 Cr740 Cr652 Cr
Total assets1,722 Cr1,919 Cr2,032 Cr2,184 Cr2,353 Cr2,352 Cr2,710 Cr3,054 Cr3,268 Cr3,276 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity266 Cr376 Cr284 Cr394 Cr549 Cr398 Cr584 Cr454 Cr452 Cr360 Cr
Cash from investing-272 Cr-326 Cr-235 Cr-258 Cr-375 Cr-313 Cr-462 Cr-476 Cr-380 Cr-273 Cr
Cash from financing21 Cr-31 Cr-5 Cr-187 Cr-163 Cr-107 Cr-58 Cr-47 Cr-111 Cr-81 Cr
Net cash flow14 Cr20 Cr44 Cr-51 Cr11 Cr-23 Cr65 Cr-70 Cr-39 Cr7 Cr
Free cash flow (OCF − Capex)-12 Cr51 Cr57 Cr143 Cr178 Cr108 Cr116 Cr-17 Cr67 Cr64 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.0%13.9%9.7%21.9%28.8%24.5%13.3%11.5%6.2%3.8%
ROE %9.7%8.2%2.7%10.0%19.7%17.7%9.4%8.3%3.7%1.2%
Debtor days1191099443574340506253
Inventory days——73126333
Days payable5565878810269828110078
Cash conversion cycle644314-42-44-24-37-29-35-22
OCF / EBITDA %128.7%128.8%89.4%85.3%107.7%75.4%125.3%95.0%104.5%88.9%
OCF / EBITDA % (3 years)——113.4%98.4%95.2%89.4%101.8%97.6%108.2%96.2%
Debt / equity1.240.450.420.210.140.110.130.200.200.20
Current ratio0.590.580.620.530.560.550.480.460.520.50
Net debt / EBITDA2.01—0.490.160.080.100.020.350.470.48
GTPL Hathway Limited (GTPL) Financials | BullKarma