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GTPL Hathway Ltd (GTPL) AI Stock Analysis

IN:GTPL

GTPL Hathway Ltd

(NSE:GTPL)

Select Model
Rating:57Neutral
Price Target:INR 61.00▲(13.34% Upside)
Action:reiterated
Date:10/14/26

The score is constrained primarily by deteriorating profitability, weak cash-flow conversion, and a very high P/E ratio. Positive technical momentum and constructive earnings-call guidance provide support, but they do not fully offset the financial and valuation risks.

Positive Factors
Revenue and subscription growthStrong growth in total income and subscription revenue indicates expanding customer monetization across GTPL’s core businesses. Recurring subscription growth can support durable revenue visibility, provide operating scale, and strengthen the company’s ability to reinvest in network coverage and service expansion.
Negative Factors
Material profitability deteriorationThe decline in operating profit and net income shows that revenue growth is not currently translating into consistent earnings progression. Sustained margin pressure can reduce internal funding capacity, weaken returns on the existing capital base, and make future growth more dependent on successful cost and integration initiatives.

GTPL Hathway Ltd (GTPL) vs. iShares MSCI India ETF (INDA)

-60%-50%-40%-30%-20%-10%0%10%IN:GTPL-47.80%INDA-10.31%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 6.47B
Dividend Yield
3.70%
Average Volume (3M)
6,413
Price to Earnings (P/E)
-232.3
Beta (1Y)
0.99
Revenue Growth
10.27%
EPS Growth
-106.45%
Country
India
Employees
631
Sector
General
Sector Strength
55
Industry
Entertainment

GTPL Hathway Ltd Business Overview & Revenue Model

Company Description

GTPL Hathway Limited, together with its affiliated companies, specializes in delivering cable television and high-speed internet services. The firm organizes its activities into three core divisions: Cable Television, Internet, and EPC Project. A sig...

How the Company Makes Money

GTPL primarily makes money by charging recurring subscription fees for (1) digital cable television services and (2) broadband internet services. In its cable TV business, revenue is generated from monthly/periodic customer subscriptions for access t...

GTPL Hathway Ltd Earnings Call Summary

Earnings Call Date:Oct 12, 2026(Q2-2027)|% Change Since:-5.99%|Next Earnings Date:Jan 13, 2027
Earnings Call SentimentPositive

The call was predominantly positive, supported by 19% consolidated revenue growth, 25% standalone revenue growth, strong digital TV subscriber additions, the completed ACT acquisition, broadband and HITS platform initiatives, and expectations for 150 basis points-250 basis points of operational EBITDA margin improvement. The main negatives were the slightly negative consolidated PAT, the decline in operational EBITDA margin to 20% from 22%, slower broadband additions, the ACT business's current 12% operating margin, and acknowledgment of challenging market conditions. Management presented these issues as areas being addressed through integration, network migration, new leadership and continued expansion.

Positive Updates

ACT Group Cable TV Acquisition Completed
GTPL completed the acquisition of the cable television businesses of seven ACT Group companies on September 15, 2026, for an aggregate cash consideration of INR 35.55 crore. The acquired businesses serve approximately 6 lakh digital TV subscribers across Andhra Pradesh, Telangana, Odisha and Karnataka, including 1.25 lakh primary subscribers at higher ARPU.

Negative Updates

Consolidated PAT Turned Slightly Negative
Consolidated PAT was INR -50 lakhs in Q2 FY 2027. Management attributed the result to an additional INR 75 million impact, comprising INR 45 million of forex loss and INR 30 million of amortization related to seven new transponders.

Company Guidance

Management expects broadband conversion to grow from 17%-18% to around 20%, with additions returning to “around 20,000 number” and “More than 20,000”; ACT’s operating margin is expected to move from 12% to somewhere around 25% margin, 25%-26% margin. The company expects double-digit growth in subscription revenues in both the businesses, H1 FY 2027 operational EBITDA of 21% to increase by 150 basis points-250 basis points, digital TV net additions of 1.8 million-1.9 million by the end of the year, 13 million-14 million CATV subscribers in three years' time, close to 12 million subscriber base and 2 million subscriber base in the broadband side in the next three years, and 7%-8% every year growth per annum in subscriber base. It expects gross adds of 2 million-2.5 million every year to continue, more than 60% of the existing network to be on HITS, all the existing network to convert by December or maximum by January, expansion after January, and the operating EBITDA margin to increase by 150 basis points-250 basis points by the end of the FY 2027.

GTPL Hathway Ltd Financial Statement Overview

Summary

Revenue growth and a solvent balance sheet are offset by sharply weaker profitability, rising leverage, and inconsistent free cash flow. The income statement score is 45, balance sheet score is 65, and cash flow score is 55.

Income Statement

45Neutral

Balance Sheet

65Positive

Cash Flow

55Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue40.15B37.19B34.71B32.12B26.64B24.14B
Gross Profit5.64B9.61B11.43B4.48B9.09B5.27B
EBITDA4.11B4.33B-3.23B5.11B5.02B5.58B
Net Income-26.17M157.66M478.92M1.07B1.14B2.00B
Balance Sheet
Total Assets43.90B32.76B32.68B30.54B27.10B23.52B
Cash, Cash Equivalents and Short-Term Investments830.76M1.03B485.11M1.03B1.45B814.23M
Total Debt5.48B5.02B3.13B2.88B1.61B1.39B
Total Liabilities31.47B20.08B19.75B17.68B15.00B12.27B
Stockholders Equity11.26B11.46B11.64B11.60B11.03B10.32B
Cash Flow
Free Cash Flow0635.23M673.08M-168.13M1.15B850.05M
Operating Cash Flow03.60B4.52B4.55B5.83B3.95B
Investing Cash Flow0-2.73B-3.80B-4.77B-4.62B-3.11B
Financing Cash Flow0-806.51M-1.11B-474.95M-580.20M-1.02B

GTPL Hathway Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price53.82

Price Trends

50DMA54.94Negative
100DMA56.73Negative
200DMA61.81Negative

Market Momentum

MACD-0.43Positive
RSI46.69Neutral
STOCH31.38Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GTPL, the sentiment is Negative. The current price of 53.82 is below the 20-day moving average (MA) of 55.03, below the 50-day MA of 54.94, and below the 200-day MA of 61.81, indicating a bearish trend. The MACD of -0.43 indicates Positive momentum. The RSI at 46.69 is Neutral, neither overbought nor oversold. The STOCH value of 31.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GTPL.

GTPL Hathway Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:GTPL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:DENIN:DEN66NeutralINR 11.61B7.76――-2.48%-22.06%
IN:HATHWAYIN:HATHWAY65NeutralINR 16.05B24.61――5.91%-30.62%
IN:GTPLIN:GTPL57NeutralINR 6.07B-232.30―3.70%10.27%-106.45%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:SITINETIN:SITINET40UnderperformINR 427.31M-0.24――――
IN:DISHTVIN:DISHTV38UnderperformINR 3.76B-0.38――-23.76%-69.83%
IN:SHEMAROOIN:SHEMAROO37UnderperformINR 3.04B-1.52――-14.17%-55.75%

* General Sector Average

Performance Comparison

-40%-20%0%20%IN:GTPLIN:DENIN:DISHTVIN:HATHWAYIN:SHEMAROOIN:SITINETDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
IN:GTPL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:GTPLGTPL Hathway Ltd53.82-49.28-47.80%
IN:DENDEN Networks Limited24.72-8.62-25.85%
IN:DISHTVDish TV India Limited2.13-2.36-52.56%
IN:HATHWAYHathway Cable & Datacom Ltd.9.19-4.45-32.62%
IN:SHEMAROOShemaroo Entertainment Ltd.104.00-8.30-7.39%
IN:SITINETSiti Networks Limited0.490.000.00%

GTPL Hathway Ltd Corporate Events

GTPL Hathway Q2 FY27 Revenue Jumps 19% as Digital TV Base Hits 11 Million

Oct 13, 2026

GTPL Hathway reported consolidated total revenue of ₹11,464 million for Q2 FY27, a 19% year-on-year increase, driven by growth in both digital cable TV and broadband segments. Digital cable TV revenue rose to ₹3,455 million and broadband...

GTPL Hathway Releases Q2 FY27 Investor Presentation on Unaudited Financial Results

Oct 13, 2026

GTPL Hathway Ltd has released an investor presentation detailing its standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2026. The disclosure, made in line with Indian listing regulations and shar...

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: Oct 14, 2026