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GTPL Hathway Ltd share Price Today

Company details

171.80
175.70
105.15
217.80
6M Return -3.26%
1Y Return 65.70%
Mkt Cap.(Cr) 1,937.18
Volume 42,921
Div Yield 2.32%
OI
-
OI Chg %
-
Volume 42,921

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Broadcasting & Cable TV company GTPL Hathway announced Q4FY24 & FY24 results:

Financial Performance Summary:

  • Q4FY24:
    • Digital Cable TV Revenue: Recorded Rs 3,148 million, marking a 14% increase from the Rs 2,753 million reported in Q4FY23.
    • Broadband Revenue: Generated Rs 1,308 million, showing a 5% growth compared to the Rs 1,246 million in Q4FY23.
    • Total Revenue: Amounted to Rs 8,148 million, up by 16% from Rs 7,017 million in Q4FY23.
    • EBITDA: Stood at Rs 1,198 million, reflecting an 8% increase from Rs 1,112 million in Q4FY23.
    • EBITDA Margin: Reported at 14.7%, down from 15.9% in Q4FY23.
    • Operating EBITDA Margin: Remained stable at 23%.
    • Profit After Tax: Amounted to Rs 128 million, compared to a loss of Rs 124 million in Q4FY23.
  • FY24:
    • Digital Cable TV Revenue: Achieved Rs 12,604 million, showing a 15% increase from the Rs 11,005 million reported in FY23.
    • Broadband Revenue: Reached Rs 5,268 million, indicating a 9% growth compared to the Rs 4,826 million in FY23.
    • Total Revenue: Summed up to Rs 32,460 million, up by 20% from Rs 27,140 million in FY23.
    • EBITDA: Amounted to Rs 5,111 million, slightly lower than the Rs 5,163 million recorded in FY23.
    • EBITDA Margin: Reported at 15.7% for FY24, down from 19.0% in FY23.
    • Operating EBITDA Margin: Remained at 24%, a decrease from 26% in FY23.
    • Profit After Tax: Recorded Rs 1,069 million for FY24, slightly lower than the Rs 1,145 million reported in FY23.

Operational Performance Summary:

  • Digital Cable TV: The number of active subscribers reached 9.50 million, with a YoY addition of 5,50,000 subscribers. Paying subscribers saw an increase of 6,00,000, reaching 8.80 million.
  • Broadband: Active broadband subscribers grew to 1,020K, a YoY increase of 1,00,000. The homepass, accounting for potential broadband connections, stood at 5.80 million, expanding by 5,00,000 YoY. Moreover, there was a significant 10% annual increase in average data consumption per user, which hit 355GB per month.
  • Average Revenue Per User (ARPU): The Broadband segment observed an ARPU of Rs 460 per month per subscriber for the year.

Commenting on the results, Anirudhsinh Jadeja – Managing Director, GTPL Hathway said, “At the close of the financial year, we reflect on our achievements with a renewed sense of purpose. We have strengthened our position as India's leading MSO gaining half a million active subscribers in Digital Cable TV and crossing the landmark of one million active subscribers in Broadband. We anticipate sustained growth in the Digital Cable TV sector, encouraged by market shifts favoring larger, organized MSOs like ours. The Broadband segment is also poised for even greater expansion in the coming year, driven by the increasing digital needs of consumers who seek dependable wired connectivity.

Our long-term strategy involves bundling of all existing verticals along with add-ons of TV Everywhere, Gaming and other services to provide a holistic, comprehensive solution to our customer’s media consumption needs. Our goal is to deeply embed ourselves in our customers' lives, positioning our brand as a service provider that seamlessly combines the best of entertainment and connectivity.”

Result PDF

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GTPL Hathway Ltd shares SWOT Analysis

Strengths (4)

  • Company with Low Debt
  • Book Value per share Improving for last 2 years
  • Company with Zero Promoter Pledge

Weakness (8)

  • MACD Crossover Below Signal Line
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (0)

Data not found

Threats (1)

  • RSI indicating price weakness

Resistance and support

R1 174.7
R2 177.2
R3 178.6
Pivot

173.25

S1 170.8
S2 169.4
S3 166.9
EMA SMA
175.3
177.7
178.5
172.3
175.3
174.5
184.7
176.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
KACHOLIA ASHISH Bulk Sell 2019-10-23 72 1082669 NSE
ASHISH KACHOLIA Bulk Sell 2019-10-23 72 1082000 BSE
ALPA M GHELANI Bulk Purchase 2018-01-25 180.04 1069582 NSE
Name Category Shares
Anirudhsinh Noghubha Jadeja PROMOTER 11.78%
Kanaksinh Bhurubha Rana PROMOTER 4.17%
Hathway Cable And Datacom Limited PROMOTER 37.32%
Pruthvi Broadcasting Services Private Limited (Formerly known as Pruthvi Steel Private Limited) PROMOTER 21.09%
Jio Content Distribution Holdings Private Limited PROMOTER 0.64%

OUR RESEARCH VIEW

Investment recommendation
Call Date
21 Apr 2021
Entry Price 132.00
Target Price 165.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Reserves and Surplus
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GTPL Hathway Ltd Stocks COMPARISON

Financials( in Cr) GTPL Hathway Ltd Sun TV Network Ltd Zee Entertainment Enterprises Ltd PVR Inox Ltd Saregama India Ltd
Price 172.25 665.30 151.65 1,339.05 478.35
% Change -0.72 -0.32 2.09 -0.73 2.57
Mcap Cr 1,937.18 26,218.48 14,566.27 13,140.63 9,223.02
Revenue TTM Cr 2,663.92 3,772.05 8,087.90 3,750.65 736.62
Net Profit TTM Cr 124.82 1,706.92 47.80 -336.40 185.05
PE TTM 18.15 13.87 44.87 0.00 46.67
1 Year Return 65.70 48.92 -17.36 -0.80 62.99
ROCE 15.93 25.98 7.84 0.00 20.24
ROE 12.95 19.59 0.35 0.00 14.82
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,103.20 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,248.28 -22,040.96
LAST 3M 102,638.29 -30,717.76
LAST 6M 167,920.74 50,623.85
LAST 12M 262,867.28 126,756.31

GTPL Hathway Ltd Information

Stock PE (TTM)
18.15
Promoter Holding
75%
Book Value
103.131
ROCE
15.93%
ROE
12.95%
Description
  • GTPL Hathway Limited is one of the leading and largest multi-system-operators (MSO) in India, with presence over 11 states, providing Digital Cable Television and Broadband services. The company also has 26 indigenous cable channels being run on its platform. The Cable TV services are catered through main state-of-the-art head-end set-up at Ahmedabad and 4 support headends with a network of approximately over 20,000 Kms of Optical Fibre Cable spread across India reaching to over 500 cities and 8.7 Million households. During the financial year ended 31 March 2017, the company was converted into a public limited company pursuant to approval of the Board at their meeting held on August 23, 2016 and shareholders at an extraordinary general meeting held on August 26, 2016. Consequently, the name of the company was changed to `GTPL Hathway Limited` and a fresh certificate of incorporation consequent upon conversion to a public limited company was granted by the Registrar of Companies, Ahmedabad on September 28, 2016. The company and GTPL Broadband Private Limited, a wholly owned subsidiary of the company, entered into the slump sale agreement dated April 1, 2016 for transfer of broadband business of the company to GTPL Broadband Private Limited with effect from April 1, 2016. The company and Gujarat Television Private Limited entered into a slump sale agreement for acquisition of 7 general entertainment cable television channels by the company, with effect from September 1, 2016. During the year under review, GTPL TV Tiger Private Limited became the subsidiary company of GTPL Hathway. During the financial year ended 31 March 2017, GTPL Hathway focussed on converting the Analogue CATV Customer to Digital CATV Customer mainly in its Phase 3 and Phase 4 market. The company seeded 1.48 million Set Top Boxes during the financial year. In Broadband Services business, the company increased its home pass (broadband enabled homes) by around 0.24 Million homes and added around 70000 subscribers during the financial year. In June 2017, GTPL Hathway raised funds through Initial Public Offer (IPO) by offering of 28,517,650 Equity Shares having face value of Rs 10 each for cash at a price of Rs 170 per equity share aggregating to Rs 4,848 million comprising a fresh issue of 1,41,17,650 Equity Shares aggregating to Rs 2,400 million and an offer for sale of 14,400,000 equity shares. The bidding period for Anchor Investors opened on June 20, 2017. Six Anchor Investors were allocated 8,555,294 Equity Shares at a price of Rs 170 per equity share under the Anchor Investor portion, aggregating to Rs 1,454,399,980. The IPO was open for subscription during the period from 21 June to 23 June 2017. The offer was subscribed to the extent of 1.4958 times (excluding Anchor). The Equity Shares of the company got listed at the BSE Limited and the National Stock Exchange of India Limited on 4 July 2017. In July 2017, the company commissioned new next generation video headend with Harmonic Inc., USA as technology partner, capable of carrying 650 channels and 50 OTT channels. During the year ended 31 March 2018, GTPL Hathway added another feather to its cap of Conditional Access System (CAS), by enabling NSTV CAS systems, apart from existing 3 CAS viz., Nagra, Cisco & NDS. The company added 1000 new LCOs in 2017-18. The company also introduced `Prepaid Model` for its LCOs during the year, which has not only ensured timely collection of revenues but also pushed digital collections, with close to 35% of total collections contributing from digital platforms, as at year end. The company seeded close to 1.8 Million Set Top Boxes (STB) during the year, with total STBs now seeded as 8.7 Million as at year end. The total active subscribers stood at 7.4 Million, with 1.42 Million subscribers being added during the year. The company has reported increase in Phase I & Phase II ARPUs during 2017-18 by 3% & 7.37% respectively. Phase III & IV saw a growth of 14.81% and 26.82% respectively during FY 2018, primarily on account of the monetisation of the STBs seeded and advent of digitisation in these phases. On Broadband front, GTPL Hathway is upgrading its network to Gigabit Passive Optical Network (GPON) technology, with capability of servicing high speed internet, upto 100 MBPS and launched high speed and high volume, with `no data restriction` Broadband services in Ahmedabad city in February 2018. The Company also upgraded, during the year, its Operations Support System (OSS), `Net Vertex` & Billing Support System (BSS), `Crestel` products of Sterlite Technologies Limited. The company bagged 2 prestigious 5-year contracts from Government of Gujarat, under Digital India Project for provision of broadband services, worth Rs 482 Million. The chief minister of launched the urban wifi free public services on successful completion of the project by the company on May 9, 2018. The company launched its Mobile App `GTPL Saathi` in April 2018 to enable its local cable operators (LCOs) to conduct their business from mobile. The app aims to provide all the business transactions being seamlessly carried out from the mobile device, with real-time and direct integration with its subscriber management systems. The Company also revamped its consumer app `My GTPL` providing its customers (Video & Broadband segment) with their billing, data usage pattern, making payments for renewals, etc. with real-time and direct integration with its subscriber management systems.

Registered Address

202 Sahajanand Shopping center, Opp Swaminar. Mandir Shahibaug, Ahmedabad, Gujarat, 380004

Tel : 91-79-30280340/41
Email : complianceofficer:gtpl.net
Website : http://www.gtpl.net
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540602
NSE Code : GTPL
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE869I01013

FAQ’s on GTPL Hathway Ltd Shares

You can buy GTPL Hathway Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy GTPL Hathway Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:51 PM the closing price of GTPL Hathway Ltd was Rs.172.25.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 03:51 PM, the market cap of GTPL Hathway Ltd stood at Rs. 1,937.18.

The latest PE ratio of GTPL Hathway Ltd as of May 24, 2024 03:51 PM is 18.15

The latest PB ratio of GTPL Hathway Ltd as of May 24, 2024 03:51 PM is 0.60

The 52-week high of GTPL Hathway Ltd share price is Rs. 217.80 while the 52-week low is Rs. 105.15

According to analyst recommendations, GTPL Hathway Ltd Share has a "Buy" rating for the long term.

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