HATHWAY
Hathway Cable & Datacom Limited
Cable broadband and cable-TV operator with dealing-in-securities treasury segment
Consumer Discretionary›Media, Entertainment & Publication›Entertainment›TV Broadcasting & Software Production
hathway.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹9.95
Market cap
1,761 Cr
Stock P/E
26.0
P/B
0.39
ROE (FY26)
1.8%
ROCE (FY26)
2.5%
Operating margin (FY26)
0.6%
Debt / equity (FY26)
0.0001
OCF / EBITDA (FY26)
61.7%
OCF / EBITDA (3Y)
8.0%
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
Hathway (Hathway Cable & Datacom) runs a cable television business and a broadband internet business in India, with cable television the larger of the two (74% of revenue in Q1 FY27).
Company snapshot
3rdBy 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: 67.6% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Broadband Business | 29.3% | 150 Cr | -2 Cr | 945 Cr |
| Cable Television Business | 67.6% | 346 Cr | -17 Cr | 1,054 Cr |
| Dealing in securities | 3.0% | 15 Cr | 15 Cr | 849 Cr |
What we see
Positives
- ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
Concerns
- ✗Only 8% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
1 more signal 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
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 505 Cr | 493 Cr | 503 Cr | 513 Cr | 511 Cr | 513 Cr | 531 Cr | 537 Cr | 537 Cr | 546 Cr | 565 Cr | 568 Cr |
| Operating expenses (approx.) | 423 Cr | 413 Cr | 422 Cr | 426 Cr | 428 Cr | 422 Cr | 443 Cr | 456 Cr | 459 Cr | 470 Cr | 490 Cr | 509 Cr |
| EBITDA | 82 Cr | 80 Cr | 81 Cr | 86 Cr | 83 Cr | 91 Cr | 88 Cr | 81 Cr | 77 Cr | 76 Cr | 75 Cr | 59 Cr |
| OPM % | 16.3% | 16.3% | 16.1% | 16.8% | 16.3% | 17.7% | 16.5% | 15.1% | 14.4% | 13.9% | 13.3% | 10.4% |
| Other income | 31 Cr | 40 Cr | 22 Cr | 31 Cr | 21 Cr | 33 Cr | 34 Cr | 19 Cr | 21 Cr | 20 Cr | 32 Cr | 31 Cr |
| Interest | 0.30 Cr | 0.45 Cr | 0.41 Cr | 0.36 Cr | 0.33 Cr | 0.30 Cr | 0.26 Cr | 0.24 Cr | 0.24 Cr | 0.20 Cr | 0.20 Cr | 0.26 Cr |
| Depreciation | 90 Cr | 80 Cr | 81 Cr | 81 Cr | 87 Cr | 87 Cr | 85 Cr | 76 Cr | 74 Cr | 74 Cr | 75 Cr | 74 Cr |
| Profit before tax | 31 Cr | 46 Cr | 25 Cr | 40 Cr | 19 Cr | 41 Cr | 40 Cr | 26 Cr | 28 Cr | 17 Cr | 33 Cr | 15 Cr |
| Tax % | 27.3% | 24.2% | 27.6% | 35.4% | 28.5% | 14.6% | 23.0% | 30.4% | 23.0% | 34.1% | 24.8% | 32.9% |
| Net profit | 22 Cr | 35 Cr | 18 Cr | 26 Cr | 14 Cr | 35 Cr | 31 Cr | 18 Cr | 22 Cr | 11 Cr | 25 Cr | 10 Cr |
| EPS (₹) | ₹0.13 | ₹0.20 | ₹0.10 | ₹0.15 | ₹0.08 | ₹0.20 | ₹0.18 | ₹0.10 | ₹0.12 | ₹0.06 | ₹0.14 | ₹0.06 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,344 Cr | 1,531 Cr | 1,558 Cr | 1,798 Cr | 1,732 Cr | 1,793 Cr | 1,858 Cr | 1,981 Cr | 2,040 Cr | 2,150 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 1,148 Cr | 1,199 Cr | 1,250 Cr | 1,363 Cr | 1,257 Cr | 1,400 Cr | 1,543 Cr | 1,659 Cr | 1,699 Cr | 1,828 Cr | Sign in free for the trailing twelve months |
| EBITDA | 197 Cr | 332 Cr | 309 Cr | 435 Cr | 475 Cr | 393 Cr | 315 Cr | 322 Cr | 341 Cr | 322 Cr | Sign in free for the trailing twelve months |
| OPM % | 14.6% | 21.7% | 19.8% | 24.2% | 27.4% | 21.9% | 17.0% | 16.3% | 16.7% | 15.0% | Sign in free for the trailing twelve months |
| Other income | 24 Cr | 14 Cr | 61 Cr | 246 Cr | 142 Cr | 77 Cr | 101 Cr | 138 Cr | 107 Cr | 94 Cr | Sign in free for the trailing twelve months |
| Interest | 111 Cr | 153 Cr | 221 Cr | 226 Cr | 37 Cr | 0 Cr | 0.19 Cr | 1 Cr | 1 Cr | 0.94 Cr | Sign in free for the trailing twelve months |
| Depreciation | 306 Cr | 335 Cr | 352 Cr | 371 Cr | 371 Cr | 368 Cr | 357 Cr | 354 Cr | 336 Cr | 309 Cr | Sign in free for the trailing twelve months |
| Profit before tax | -194 Cr | -108 Cr | -627 Cr | 110 Cr | 279 Cr | 156 Cr | 90 Cr | 142 Cr | 125 Cr | 112 Cr | Sign in free for the trailing twelve months |
| Tax % | 0.2% | 0.4% | 70.0% | 3.7% | 9.1% | 16.5% | 27.7% | 29.9% | 26.0% | 26.4% | Sign in free for the trailing twelve months |
| Net profit | -193 Cr | -108 Cr | -188 Cr | 105 Cr | 253 Cr | 130 Cr | 65 Cr | 99 Cr | 93 Cr | 82 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-2.33 | ₹-1.30 | ₹-1.90 | ₹0.59 | ₹1.43 | ₹0.73 | ₹0.37 | ₹0.56 | ₹0.52 | ₹0.46 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 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
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 166 Cr | 166 Cr | 354 Cr | 354 Cr | 354 Cr | 354 Cr | 354 Cr | 354 Cr | 354 Cr | 354 Cr |
| Reserves | 727 Cr | 626 Cr | 3,285 Cr | 3,389 Cr | 3,642 Cr | 3,771 Cr | 3,829 Cr | 3,936 Cr | 4,028 Cr | 4,111 Cr |
| Borrowings | 1,065 Cr | 1,008 Cr | 1,534 Cr | 1,956 Cr | — | — | 5 Cr | 6 Cr | 2 Cr | 0.47 Cr |
| Other liabilities | 1,455 Cr | 1,473 Cr | 1,251 Cr | 671 Cr | 521 Cr | 493 Cr | 641 Cr | 666 Cr | 735 Cr | 715 Cr |
| Total liabilities | 3,414 Cr | 3,269 Cr | 6,424 Cr | 6,371 Cr | 4,519 Cr | 4,620 Cr | 4,831 Cr | 4,963 Cr | 5,122 Cr | 5,182 Cr |
| Fixed assets (net) | 1,569 Cr | 1,642 Cr | 1,441 Cr | 1,360 Cr | 1,360 Cr | 1,338 Cr | 1,380 Cr | 1,322 Cr | 1,248 Cr | 1,127 Cr |
| CWIP | 121 Cr | 56 Cr | 104 Cr | 81 Cr | 82 Cr | 57 Cr | 48 Cr | 28 Cr | 20 Cr | 14 Cr |
| Investments | 719 Cr | 644 Cr | 3,636 Cr | 703 Cr | 1,795 Cr | 1,905 Cr | 2,013 Cr | 2,528 Cr | 2,752 Cr | 2,426 Cr |
| Loans & advances | — | — | 19 Cr | 13 Cr | 16 Cr | 0.40 Cr | 0.40 Cr | 0.40 Cr | 0 Cr | 0 Cr |
| Inventories | 22 Cr | 18 Cr | 15 Cr | 14 Cr | 6 Cr | 4 Cr | 3 Cr | 1 Cr | 0.54 Cr | 0.32 Cr |
| Trade receivables | 345 Cr | 393 Cr | 121 Cr | 29 Cr | 6 Cr | 52 Cr | 145 Cr | 181 Cr | 254 Cr | 253 Cr |
| Cash & bank | 51 Cr | 31 Cr | 82 Cr | 1,080 Cr | 75 Cr | 26 Cr | 176 Cr | 39 Cr | 57 Cr | 39 Cr |
| Other assets | 588 Cr | 486 Cr | 1,007 Cr | 3,092 Cr | 1,180 Cr | 1,238 Cr | 1,066 Cr | 865 Cr | 791 Cr | 1,323 Cr |
| Total assets | 3,414 Cr | 3,269 Cr | 6,424 Cr | 6,371 Cr | 4,519 Cr | 4,620 Cr | 4,831 Cr | 4,963 Cr | 5,122 Cr | 5,182 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 325 Cr | 296 Cr | 246 Cr | 432 Cr | 467 Cr | 333 Cr | 453 Cr | -410 Cr | 290 Cr | 199 Cr |
| Cash from investing | -313 Cr | -132 Cr | -3,289 Cr | 800 Cr | 542 Cr | -382 Cr | -303 Cr | 274 Cr | -263 Cr | -210 Cr |
| Cash from financing | -4 Cr | -169 Cr | 3,098 Cr | -244 Cr | -2,003 Cr | -0.06 Cr | 0 Cr | -1 Cr | -8 Cr | -7 Cr |
| Net cash flow | 8 Cr | -5 Cr | 54 Cr | 989 Cr | -994 Cr | -50 Cr | 150 Cr | -137 Cr | 18 Cr | -18 Cr |
| Free cash flow (OCF − Capex) | -15 Cr | 29 Cr | -35 Cr | 63 Cr | 28 Cr | -48 Cr | 61 Cr | -630 Cr | 92 Cr | 23 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -4.2% | 2.5% | -7.8% | 5.9% | 7.9% | 3.8% | 2.2% | 3.3% | 2.9% | 2.5% |
| ROE % | -21.6% | -12.6% | -5.2% | 2.8% | 6.3% | 3.1% | 1.6% | 2.3% | 2.1% | 1.8% |
| Debtor days | 93 | 93 | 28 | 6 | 1 | 11 | 28 | 33 | 45 | 43 |
| Inventory days | 6 | 4 | 3 | 3 | 1 | 1 | 1 | 0 | 0 | 0 |
| Days payable | 48 | 39 | 61 | 47 | 45 | 51 | 67 | 71 | 81 | 78 |
| Cash conversion cycle | 52 | 59 | -29 | -38 | -42 | -40 | -38 | -38 | -36 | -35 |
| OCF / EBITDA % | 165.0% | 89.2% | 79.7% | 99.3% | 98.4% | 84.6% | 143.8% | -127.0% | 85.2% | 61.7% |
| OCF / EBITDA % (3 years) | — | — | 103.5% | 90.6% | 94.0% | 94.5% | 105.9% | 36.5% | 34.1% | 8.0% |
| Debt / equity | 1.19 | 1.28 | 0.42 | 0.52 | 0.00 | 0.00 | 0.0012 | 0.0013 | 0.0005 | 0.0001 |
| Current ratio | 0.46 | 0.38 | 2.84 | 1.37 | 3.13 | 2.33 | 3.00 | 3.46 | 3.57 | 4.01 |
| Net debt / EBITDA | 5.15 | — | 4.70 | 2.01 | -0.16 | -0.06 | -0.54 | -0.10 | -0.16 | -0.12 |