GTPL Hathway Limited
NSE: GTPL · TV Broadcasting & Software Production · sector
₹53.39NSE close 2026-10-26
Key numbers
Market cap₹600 cr
Price₹53.39
52w high / low₹109 / ₹51
P/E–Sector median 13.0x
P/B0.5xSector median 0.8x
Book value₹100.2
Dividend yield3.75%Sector median 3.37%
ROE-0.2%Sector median 0.6%
ROCE2.8%Sector median 2.4%
OPM10.1%Sector median 3.1%
Debt / equity0.17xSector median 0.02x
EV/EBITDA1.8xSector median 10.8x
Interest cover0.8x
Current ratio0.67x
Sales growth 3y+11.8%Sector median -5.5%
Profit growth 3y-48.3%Sector median -8.3%
PEG–
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 19 companies in TV Broadcasting & Software Production (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹67 cr vs borrowings ₹227 cr (FY26): borrowings are higher by ₹160 cr.
- Operating profit covered interest 0.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹53.39 on 2026-10-26: -51.0% from the 52-week high, +5.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹166.56 · low ₹53.39
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 887 | 891 | 904 | 959 | 933 | 924 | 1,015 | 1,143 |
| EBITDA | 105 | 107 | 107 | 104 | 113 | 80 | 105 | 107 |
| OPM % | 11.9% | 12.0% | 11.8% | 10.9% | 12.2% | 8.7% | 10.3% | 9.4% |
| Other income | 8 | 8 | 5 | 6 | 6 | 11 | 4 | 3 |
| Net profit | 10 | 11 | 11 | 9 | 11 | -15 | 2 | -1 |
| EPS (₹) | 0.90 | 0.95 | 0.94 | 0.82 | 0.98 | -1.34 | 0.21 | -0.08 |
| Revenue YoY | +5.1% | +3.7% | +12.4% | +19.2% | ||||
| Profit YoY | +8.3% | -241.2% | -78.0% | -110.1% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,414 | 2,664 | 3,212 | 3,477 | 3,719 | 4,015 |
| EBITDA | 515 | 447 | 478 | 433 | 404 | 405 |
| Net profit | 200 | 114 | 107 | 48 | 16 | -3 |
| EPS (₹) | 17.75 | 10.13 | 9.51 | 4.26 | 1.40 | -0.23 |
| Revenue growth | +10.3% | +20.6% | +8.2% | +7.0% | +10.3% | |
| Profit growth | -42.9% | -6.1% | -55.2% | -67.1% | -106.5% | |
| Dividend / share (₹) | 4.00 | 4.00 | 4.00 | 4.00 | 2.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +11.8% | +8.6% | +10.3% |
| Net profit | -48.3% | -39.1% | -106.4% |
| EPS | -48.3% | -39.1% | – |
| Share price | – | -41.6% (2y) | -48.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,103 | 1,160 | 1,164 | 1,146 |
| Borrowings | – | 140 | 228 | 228 | 227 |
| Cash & equivalents | – | 212 | 149 | 116 | 67 |
| Total assets | – | 2,710 | 3,054 | 3,268 | 3,276 |
| Fixed assets | – | 1,471 | 1,705 | 1,761 | 1,937 |
| Capital work in progress | – | 112 | 88 | 108 | 66 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 292 | 437 | 588 | 545 |
| Inventory | – | 41 | 24 | 25 | 28 |
| Payables | – | 602 | 715 | 952 | 799 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 398 | 584 | 454 | 452 | 360 |
| Cash from investing | -313 | -462 | -476 | -380 | -273 |
| Cash from financing | -107 | -58 | -47 | -111 | -81 |
| Capex | 290 | 468 | 470 | 385 | 297 |
| Free cash flow | 108 | 116 | -17 | 67 | 64 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 10.3% | 9.2% | 4.1% | 1.4% |
| ROCE % | – | 14.4% | 12.5% | 6.7% | 4.1% |
| Debtor days | – | 40 | 50 | 62 | 54 |
| Inventory days | – | 6 | 476 | 495 | 352 |
| Payable days | – | 83 | 13,965 | 18,737 | 9,971 |
| Cash conversion cycle (days) | – | -37 | -13,439 | -18,180 | -9,565 |
| Working capital days | – | -97 | -95 | -88 | -77 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 75.00% |
| FIIs | 5.92% |
| Public (non-institutions) | 19.08% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| Promoter group | % |
|---|---|
| Hathway Cable And Datacom Limited | 37.32% |
| Pruthvi Broadcasting Services Private Limited | 21.09% |
| Anirudhsinh Noghubha Jadeja | 11.78% |
| Kanaksinh Bhurubha Rana | 4.17% |
| Jio Content Distribution Holdings Private Limited | 0.64% |
| Rana Siddharth Kanaksinh | 0.00% |
| Jio Internet Distribution Holdings Private Limited | 0.00% |
| Jio Cable and Broadband Holdings Private Limited | 0.00% |
| Reliance Industries Limited | 0.00% |
| Reliance Content Distribution Limited | 0.00% |
| Reliance Industrial Investments and Holdings Limited | 0.00% |
| Digital Media Distribution Trust (through its trustee 'Reliance Media Transmission Private Limited') | 0.00% |
| Public holders above 1% | % |
|---|---|
| Acacia Banyan Partners | 2.93% |
| Goenka Securities Pvt Ltd | 2.19% |
| Akg Finvest Private Ltd | 1.12% |
| Acacia Conservation Fund Lp | 1.08% |
| Acacia Partners, Lp | 1.03% |
28,449 shareholders. Pledged: 0.00% of promoter shares.
Peers in TV Broadcasting & Software Production
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SUNTV | ₹22,545 cr | 14.7x | 1.8x | 12.6% | 16.6% | 50.1% | +4.7% | 2.18% |
| ZEEL | ₹6,173 cr | 30.3x | 0.5x | 1.8% | 1.7% | 3.1% | +0.1% | 3.78% |
| HATHWAY | ₹1,591 cr | 23.7x | 0.3x | 1.5% | 2.1% | 13.0% | +5.0% | – |
| DEN | ₹1,174 cr | 7.8x | 0.3x | 4.0% | 5.0% | 5.3% | -4.8% | – |
| TVTODAY | ₹601 cr | 34.9x | 0.7x | 1.9% | 2.8% | 2.4% | -2.7% | 2.98% |
| GTPL | ₹600 cr | – | 0.5x | -0.2% | 2.8% | 10.1% | +11.8% | 3.75% |
| NDTV | ₹509 cr | – | 4.0x | -357.1% | -96.5% | -51.3% | +11.0% | – |
| ZEEMEDIA | ₹438 cr | – | 2.0x | -0.6% | 5.2% | 12.7% | +1.8% | – |
| DISHTV | ₹365 cr | – | – | – | – | -30.2% | -19.9% | – |
| AQYLON | ₹352 cr | 29.9x | – | – | – | 72.8% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Cable TV Business | ₹3,080 cr | 82.4% | ₹-32 cr | -1.0% |
| Internet Service | ₹561 cr | 15.0% | ₹29 cr | 5.1% |
| Projects (Including O&M) | ₹96 cr | 2.6% | ₹21 cr | 21.8% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-21 | Dividend | Dividend - Rs 2 Per Share |
| 2025-09-19 | Dividend | Dividend - Rs 2 Per Share |
| 2024-09-20 | Dividend | Dividend - Rs 4 Per Share |
| 2023-09-22 | Dividend | Dividend - Rs 4 Per Share |
| 2022-06-01 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2021-08-17 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2020-08-19 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2019-08-21 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2018-09-17 | Dividend | Annual General Meeting/Dividend- Re 1 Per Share |
| 2017-09-14 | Dividend | Annual General Meeting/Dividend - Re 1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Digital TV and Wired Broadband Service Provider: The Company delivers digital television and wired broadband services in both standard definition (SD) and high definition (HD) directly to customers, as well as through business partners (Local Cable Operators), across 26 states in India.
| Sector | Consumer Discretionary |
| Industry | TV Broadcasting & Software Production |
| Sub-industry | TV Broadcasting & Software Production |
| Symbol | GTPL |
| BSE code | 540602 |
| ISIN | INE869I01013 |
| Face value | ₹10.0 |
| Incorporated | 2006-08-21 |
| Website | www.gtpl.net |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.