Hathway Cable & Datacom Ltd. (HATHWAY) AI Stock Analysis

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Hathway Cable & Datacom Ltd.

(NSE:HATHWAY)

Select Model

Rating:56Neutral

Price Target:INR 10.50▲(10.29% Upside)

Action:reiterated

Date:10/16/26

The score is primarily supported by a very strong, low-leverage balance sheet, but is held back by compressed/volatile profitability and inconsistent cash generation. Technicals are neutral with the stock still below key longer-term averages, and valuation (P/E 24.56) is not especially compelling given the recent margin and cash-flow profile.

Positive Factors

Very low leverageExtremely low leverage and consistently growing equity provide financial resilience and reduce the burden of interest obligations. This conservative capital structure should preserve flexibility to sustain operations, fund network needs, or pursue growth without relying heavily on additional borrowing.

Negative Factors

Compressed profitabilityThe sharp decline in net margin and very low recent operating profitability indicate that revenue growth is producing limited bottom-line benefit. Persistently thin margins reduce resilience to cost pressures and leave less internally generated capacity for investment, debt service, or shareholder returns.

Hathway Cable & Datacom Ltd. (HATHWAY) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 15.98B
Dividend Yield: ―
Average Volume (3M): 203.31K
Price to Earnings (P/E): 25.9
Beta (1Y): 1.30
Revenue Growth: 5.91%
EPS Growth: -30.62%
Country: India
Employees: 439
Sector: General
Sector Strength: 55
Industry: Entertainment

Hathway Cable & Datacom Ltd. Business Overview & Revenue Model

Company Description

Hathway Cable and Datacom Limited is an Indian enterprise offering a diverse range of cable television, internet, and related services. Its business operations are primarily divided into its Broadband Business and Cable Television divisions. The comp...

How the Company Makes Money

Hathway primarily makes money through recurring subscription revenue from (1) cable television distribution and (2) broadband internet services. In the cable TV segment, the company earns subscription fees paid by end customers (directly or via local...

Hathway Cable & Datacom Ltd. Financial Statement Overview

Summary

Strong solvency supports the score (very low leverage; Balance Sheet Score 86), but it is offset by materially weaker profitability (Income Statement Score 52; net margins compressed sharply vs earlier years) and uneven cash conversion/FCF volatility (Cash Flow Score 45, including a notable operating cash outflow and deeply negative FCF in 2024).

Income Statement

52Neutral

Balance Sheet

86Very Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	22.15B	21.50B	20.40B	19.81B	18.58B	17.91B
Gross Profit	4.33B	2.73B	10.57B	1.43B	1.94B	1.99B
EBITDA	3.60B	4.22B	3.45B	4.24B	3.36B	3.71B
Net Income	677.40M	823.10M	925.10M	993.10M	652.90M	1.30B
Balance Sheet
Total Assets	55.62B	51.82B	51.22B	49.70B	48.31B	46.20B
Cash, Cash Equivalents and Short-Term Investments	19.59B	21.63B	21.55B	17.62B	14.06B	7.80B
Total Debt	88.50M	94.50M	126.00M	196.60M	50.70M	0
Total Liabilities	10.60B	7.16B	7.38B	6.73B	6.46B	4.93B
Stockholders Equity	45.00B	44.65B	43.82B	42.90B	41.83B	41.25B
Cash Flow
Free Cash Flow	0	333.80M	922.30M	-6.30B	606.40M	-476.80M
Operating Cash Flow	0	2.09B	2.90B	-4.10B	4.53B	3.33B
Investing Cash Flow	0	-2.21B	-2.63B	2.74B	-3.03B	-3.82B
Financing Cash Flow	0	-68.60M	-84.60M	-13.80M	0	-600.00K

Hathway Cable & Datacom Ltd. Technical Analysis

Technical Analysis SentimentNeutral

Last Price9.52

Price Trends

50DMA9.80Negative

100DMA10.40Negative

200DMA10.54Negative

Market Momentum

MACD-0.13Negative

RSI49.86Neutral

STOCH73.07Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HATHWAY, the sentiment is Neutral. The current price of 9.52 is below the 20-day moving average (MA) of 9.53, below the 50-day MA of 9.80, and below the 200-day MA of 10.54, indicating a bearish trend. The MACD of -0.13 indicates Negative momentum. The RSI at 49.86 is Neutral, neither overbought nor oversold. The STOCH value of 73.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HATHWAY.

Hathway Cable & Datacom Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:HATHWAY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:DEN	66Neutral	INR 12.35B	8.48	―	―	-2.48%	-22.06%
IN:HATHWAY	56Neutral	INR 16.66B	25.89	―	―	5.91%	-30.62%
IN:GTPL	56Neutral	INR 6.16B	-234.45	―	3.66%	10.27%	-106.45%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:NDLVENTURE	43Neutral	INR 3.87B	502.13	―	0.43%	―	15.27%
IN:DISHTV	42Neutral	INR 3.85B	-0.39	―	―	-23.76%	-69.83%
IN:SITINET	40Underperform	INR 427.31M	-0.26	―	―	―	―

* General Sector Average

Performance Comparison

IN:HATHWAY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:HATHWAY	Hathway Cable & Datacom Ltd.	9.52	-3.69	-27.93%
IN:DEN	DEN Networks Limited	26.67	-5.60	-17.35%
IN:DISHTV	Dish TV India Limited	2.11	-2.38	-53.01%
IN:GTPL	GTPL Hathway Ltd	54.66	-46.46	-45.95%
IN:NDLVENTURE	NDL Ventures Ltd	117.25	29.75	34.00%
IN:SITINET	Siti Networks Limited	0.49	0.00	0.00%

Hathway Cable & Datacom Ltd. Corporate Events

Hathway Wins Strong Shareholder Backing for FY26 Accounts at 66th AGM

Aug 19, 2026

Hathway Cable & Datacom Ltd. has reported the voting results of its sixty-sixth annual general meeting held on 19 August 2026, where shareholders considered the adoption of the standalone and consolidated audited financial statements for the year end...

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 16, 2026

Hathway Cable & Datacom Ltd. AI Stock Analysis