GTL Limited (GTL) AI Stock Analysis

GTL Limited

(NSE:GTL)

Select Model

Rating:46Neutral

Price Target:INR 6.00▲(1.35% Upside)

Action:reiterated

Date:09/09/26

The score is held down primarily by weak financial strength—persistent deeply negative equity and heavy debt relative to assets—despite positive free cash flow. Technicals add pressure with the stock trading below major moving averages and a negative MACD. Valuation looks optically inexpensive on P/E, but the benefit is limited by highly inconsistent reported earnings and balance-sheet risk.

Positive Factors

Positive Free Cash FlowStrong recent operating and free cash flow provides internally generated funding for network service obligations and capital needs. The increase in FY2026 free cash flow is encouraging because it supports liquidity and demonstrates that cash generation can remain positive even when reported earnings are weak.

Negative Factors

Severely Stressed Balance SheetDeeply negative equity and debt far exceeding reported assets create a structurally weak capital position. This limits financial flexibility, increases solvency risk, and can constrain GTL’s ability to fund network investment or absorb operating setbacks over the coming quarters.

GTL Limited (GTL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.02B
Dividend Yield: ―
Average Volume (3M): 41.16K
Price to Earnings (P/E): 0.1
Beta (1Y): 1.66
Revenue Growth: -7.25%
EPS Growth: ―
Country: India
Employees: 1,397
Sector: General
Sector Strength: 55
Industry: Telecommunications Services

GTL Limited Business Overview & Revenue Model

Company Description

GTL Limited, an Indian infrastructure services enterprise, specializes in providing comprehensive solutions throughout the network life cycle for telecom operators, technology providers, and tower companies. The company also delivers a wide array of...

How the Company Makes Money

GTL primarily makes money by providing telecom infrastructure and network-related services to mobile and other telecom operators under commercial service contracts. Key revenue streams generally include: (1) fees for managed services such as network...

GTL Limited Financial Statement Overview

Summary

Cash flow is a relative positive (FY2026 operating cash flow ~₹1.69B; free cash flow ~₹1.64B, up ~16.5%), but the capital structure is highly stressed with deeply negative equity (FY2026: -₹54.5B) and very high debt relative to assets (FY2026 debt ~₹48.9B vs assets ~₹1.32B). Reported earnings are extremely volatile and appear influenced by non-operating/one-time factors, limiting confidence in sustainable profitability.

Income Statement

44Neutral

Balance Sheet

12Very Negative

Cash Flow

63Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	2.29B	2.24B	2.54B	2.02B	1.86B	1.93B
Gross Profit	1.47B	1.18B	2.28B	991.90M	1.61B	1.46B
EBITDA	5.80B	5.91B	723.85M	2.45B	871.50M	4.59B
Net Income	8.89B	5.83B	-83.82M	2.11B	572.10M	4.32B
Balance Sheet
Total Assets	0	1.32B	1.05B	2.05B	2.58B	2.19B
Cash, Cash Equivalents and Short-Term Investments	188.61M	188.61M	399.39M	150.50M	52.10M	22.10M
Total Debt	0	48.90B	56.39B	57.84B	60.67B	60.93B
Total Liabilities	54.46B	55.78B	61.35B	62.27B	64.90B	65.08B
Stockholders Equity	-54.46B	-54.46B	-60.29B	-60.21B	-62.32B	-62.89B
Cash Flow
Free Cash Flow	1.40B	1.64B	1.86B	1.72B	156.40M	273.60M
Operating Cash Flow	1.42B	1.69B	1.98B	1.75B	180.80M	287.30M
Investing Cash Flow	-2.59M	-49.21M	-73.57M	1.80B	1.19B	4.63B
Financing Cash Flow	-668.53M	-1.56B	-1.91B	-3.53B	-1.34B	-4.92B

GTL Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price5.92

Price Trends

50DMA6.85Negative

100DMA7.24Negative

200DMA7.24Negative

Market Momentum

MACD-0.27Positive

RSI29.27Positive

STOCH19.53Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GTL, the sentiment is Negative. The current price of 5.92 is below the 20-day moving average (MA) of 6.40, below the 50-day MA of 6.85, and below the 200-day MA of 7.24, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 29.27 is Positive, neither overbought nor oversold. The STOCH value of 19.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GTL.

GTL Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GTL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BHARTIHEXA	67Neutral	INR 818.45B	44.86	―	1.10%	7.87%	32.75%
IN:INDUSTOWER	63Neutral	INR 997.44B	14.04	―	3.70%	5.31%	-24.06%
IN:RAILTEL	63Neutral	INR 71.38B	21.08	―	1.46%	22.56%	5.56%
IN:TATACOMM	60Neutral	INR 477.80B	43.19	―	1.05%	9.08%	-20.04%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:GTL	46Neutral	INR 931.20M	0.10	―	―	-7.25%	―
IN:UNIINFO	41Neutral	INR 115.49M	-11.18	―	―	32.65%	-458.72%

* General Sector Average

Performance Comparison

IN:GTL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GTL	GTL Limited	5.92	-3.13	-34.59%
IN:BHARTIHEXA	Bharti Hexacom Limited	1636.90	-210.58	-11.40%
IN:INDUSTOWER	Indus Towers Limited	378.15	9.37	2.54%
IN:RAILTEL	RailTel Corp. of India Ltd.	222.40	-142.07	-38.98%
IN:TATACOMM	Tata Communications Limited	1676.00	-208.31	-11.05%
IN:UNIINFO	Uniinfo Telecom Services Ltd.	10.80	-5.81	-34.98%

GTL Limited Corporate Events

GTL Limited Closes Trading Window Ahead of Quarterly Results

Sep 28, 2026

GTL Limited has announced the closure of its trading window for directors, officers, designated employees and their immediate relatives in line with SEBI’s Prohibition of Insider Trading Regulations and its internal code of conduct. The window...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 09, 2026

GTL Limited AI Stock Analysis