Gtpl Hathway Limited (GTPL)

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Gtpl Hathway Limited (GTPL) · mywealthgrid

About

GTPL Hathway operates in television broadcasting and software production within the entertainment industry, serving the consumer discretionary sector. At ₹595 Cr market cap and operating margins averaging 10%, the company blends traditional media with software services.

Founded: 2006
Face value: ₹10

Market cap

₹623 Cr

P/E

82.9×

P/B

0.5×

Dividend yield

3.6%

ROE

1.4%

ROCE

3.5%

Debt / equity

0.2

OPM

10.9%

EPS (TTM)

₹0.7

Book value

₹101.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Net profit swung from -₹13.93 Cr (Mar 2026) to +₹11.56 Cr (Dec 2025) while recent quarters show dual revenue reporting (₹610–₹1,015 Cr per period); verify earnings reconciliation to clarify operating stability

ROE of 1.36% despite ~10% operating margins signals poor capital efficiency or balance-sheet drag, raising questions about value creation at current capital levels

Stock declined 55% in 1 year (52w: ₹52.56–₹118.75) while company maintained dividends; verify what triggered market loss of confidence

Broadcasting sector faces secular pressures from streaming adoption and cord-cutting; verify company's subscriber trends, advertising revenue resilience and competitive positioning

Generated analysis · source review pending

Growth drivers

Recent quarters show dual revenue reporting (₹610–₹1,015 Cr per period) with unclear reconciliation; clarify primary operating base and identify 2-year revenue trend

Software production is identified as core business but revenue contribution and growth rate not disclosed; verify segment size, growth rate and margin profile vs. broadcasting

Operating margins ranged from 8.4% to 12.2% across recent quarters despite similar revenue levels (₹600–₹930 Cr); verify whether margin swings reflect cost pressures or one-time items, as margin recovery could drive profitability

Jun 2026 returned to profitability (₹2.01–₹1.38 Cr) after Mar 2026 losses (₹-5.9 to -₹13.93 Cr); verify whether recovery reflects sustainable operational improvements or reversal of temporary charges

Generated analysis · source review pending

2,281 historical price candles were omitted because the exchange source has not been verified.

₹55.4+2.4%1Y

Quick read

rule-based

Pros

+Dividend yield of 3.6%
+High promoter holding of 75% with no pledge

Cons

−Low return on equity of 5% (3-yr avg)
−Profit declined 39.1% a year over the last 5 years
−Modest revenue growth of 8.6% a year over the last 5 years
−Weak interest coverage of 1.5×
−Expensive at 82.9× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

33/100

Business quality: 23
Growth: 26

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,246	1,246	2,384	2,467	2,414	2,664	3,213	3,477	3,719
COGS	0	0	0	0	0	0	19	19	29
	928	928	1,923	1,959	1,887	2,197	2,716	3,026	3,284
	318	318	462	508	527	467	477	433	406
OPM %	25.5%	25.5%	19.4%	20.6%	21.8%	17.5%	14.9%	12.4%	10.9%
Depreciation	202	202	232	260	253	319	337	369	376
Interest	51	51	45	23	14	10	23	30	39
	-22	-22	-27	63	30	31	34	30	27
Profit before tax	43	43	158	288	290	169	151	64	18
Tax	18	18	70	78	71	45	39	15	5
Tax %	42.7%	42.7%	44.3%	26.9%	24.6%	26.3%	25.9%	23.2%	30.6%
	25	25	88	210	219	125	112	49	12
PAT margin %	2%	2%	3.7%	8.5%	9.1%	4.7%	3.5%	1.4%	0.3%
EPS (₹)	1.7	1.7	6.9	16.7	17.8	10.1	9.5	4.3	1.4
EPS adjusted (₹)	1.7	1.7	6.9	16.7	17.8	10.1	9.5	4.3	1.4
	59.5%	59.5%	43.4%	23.9%	22.5%	39.5%	42.1%	46.9%	142.9%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	2	98	112	112	112	112	112	112	112	112	112
Reserves	303	282	545	552	—	768	919	991	1,047	1,051	1,034
Minority interest	—	—	—	—	—	73	94	107	127	129	121
	238	349	297	278	—	158	124	140	228	228	227
	567	752	963	1,089	—	1,242	1,109	1,360	1,539	1,747	1,781
Total equity & liabilities	1,110	1,481	1,919	2,032	—	2,353	2,358	2,710	3,054	3,268	3,276
	—	—	—	1,214	1,325	1,393	1,507	1,768	2,029	2,058	2,221
CWIP	11	61	38	32	—	71	92	112	88	108	66
Investments	23	19	14	15	—	10	9	9	11	12	11
	1,076	1,402	1,866	771	—	879	750	821	926	1,091	977
Total assets	1,110	1,481	1,919	2,032	—	2,353	2,358	2,710	3,054	3,268	3,276

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Cable TV Business	3,079.87	-31.83	2,284.07	1,538.96	745.11	-4.27
Internet Service	561.15	28.79

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	25.5%	19.4%	20.7%	21.9%	17.5%	14.9%	12.4%	10.9%
EBIT margin %	9.3%	9.7%	10.1%	11.4%	5.5%	4.4%	1.8%	0.8%
PAT margin %	2%	3.7%	8.5%	9.1%	4.7%	3.5%	1.4%	0.3%
Working capital
Receivable days	84	—	61	43	40	50	62	54
Inventory days	10	—	3	3	7	3	3	3
Payable days	—	—	105	87	100	95	114	88
NWC days	—	—	-42	-41	-53	-43	-49	-31
Leverage
Current ratio	0.62	—	0.56	0.56	0.48	0.46	0.52	0.5
Debt to EBITDA	0.87	—	0.31	0.23	0.3	0.48	0.53	0.56
Debt to equity	0.42	—	0.18	0.12	0.13	0.2	0.2	0.2
Interest coverage	3.1	6	13.5	22	19.9	7.6	3.2	1.5
Asset turnover	0.61	—	1.05	1.02	0.98	1.05	1.06	1.14
Return ratios
Return on assets %	1.2%	—	8.9%	9.3%	4.6%	3.7%	1.5%	0.4%
Return on capital employed %	15.9%	—	29.7%	27.6%	15.2%	12.3%	6.2%	3.5%
Return on equity %	3.7%	—	23.9%	21.2%	11.3%	9.6%	4.2%	1.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%
	8.66%	8.66%	8.66%	8.64%	8.64%	8.61%	8.4%	8.4%	8.41%	8.35%	7.37%	7.18%
DII	0.03%	0.03%	0.03%	0.02%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	16.31%	16.31%	16.31%	16.34%	16.36%	16.39%	16.6%	16.6%	16.59%	16.65%	17.63%	17.82%
No. of shareholders	—	—	—	—	—	—	—	—	28,600	27,990	28,501	28,322

Promoter holding up 0 percentage points since Sep 2023.

8 deals · 4 Mar 2026 – 24 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
24 Mar 2026	GOENKA SECURITIES PVT LTD	Bulk	NSE	Sell	6,30,000	₹57.80	₹3.64 Cr
24 Mar 2026	AKG FINVEST PRIVATE LIMITED	Bulk	NSE	Buy	6,30,000	₹57.80	₹3.64 Cr
23 Mar 2026	AKG FINVEST PRIVATE LIMITED	Bulk	NSE	Buy	6,30,000	₹56.82	₹3.58 Cr
23 Mar 2026	GOENKA SECURITIES PVT LTD	Bulk	NSE	Sell	6,25,000	₹56.82	₹3.55 Cr
5 Mar 2026	UNO METALS LTD	Bulk	NSE	Sell	12,00,000	₹58.15	₹6.98 Cr
5 Mar 2026	GOENKA SECURITIES PVT LTD	Bulk	NSE	Buy	12,00,000	₹58.15	₹6.98 Cr
4 Mar 2026	UNO METALS LTD	Bulk	NSE	Sell	6,20,000	₹58.50	₹3.63 Cr
4 Mar 2026	GOENKA SECURITIES PVT LTD	Bulk	NSE	Buy	6,20,000	₹58.50	₹3.63 Cr

1–8 of 8

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Ajay SinghNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Anirudhsinh Noghubha JadejaExecutive Director-MD
Mr. Shah AmitExecutive Director
Mr. Rajendra HingwalaNon-Executive - Independent Director
Mr. Sunil Rameshbhai SanghviNon-Executive - Independent Director
Mr. Dhiren Vrajlal DalalNon-Executive - Independent Director
Mrs. Divya Sameer MomayaNon-Executive - Independent Director
Mr. Tavinderjit Singh PanesarNon-Executive - Non Independent Director
Mr. Saurav BanerjeeChief Financial Officer
Ms. Shweta SultaniaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Gtpl Hathway Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

27 announcementsExport CSV

18 Sept 2026, 6:15 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

15 Sept 2026, 4:53 pmCompany Update

Announcement under Regulation 30 (LODR)-Updates on Acquisition

Acquisition PDF

4 Sept 2026, 12:31 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 9:20 pmOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

3 Sept 2026, 9:15 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

3 Sept 2026, 9:08 pmAGM/EGM

Notice Of The 20Th Annual General Meeting

AGM PDF

26 Aug 2026, 3:57 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

25 Aug 2026, 5:03 pmCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

Resignation of Company Secretary / Compliance Officer PDF

Date	Category	Subject	Filing
18 Sept 2026, 6:15 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
15 Sept 2026, 4:53 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Updates on Acquisition

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	25.5%	19.4%	20.7%	21.9%	17.5%	14.9%	12.4%	10.9%
EBIT margin %	9.3%	9.7%	10.1%	11.4%	5.5%	4.4%	1.8%	0.8%
PAT margin %	2%	3.7%	8.5%	9.1%	4.7%	3.5%	1.4%	0.3%
Working capital
Receivable days	84	—	61	43	40	50	62	54
Inventory days	10	—	3	3	7	3	3	3
Payable days	—	—	105	87	100	95	114	88
NWC days	—	—	-42	-41	-53	-43	-49	-31
Leverage
Current ratio	0.62	—	0.56	0.56	0.48	0.46	0.52	0.5
Debt to EBITDA	0.87	—	0.31	0.23	0.3	0.48	0.53	0.56
Debt to equity	0.42	—	0.18	0.12	0.13	0.2	0.2	0.2
Interest coverage	3.1	6	13.5	22	19.9	7.6	3.2	1.5
Asset turnover	0.61	—	1.05	1.02	0.98	1.05	1.06	1.14
Return ratios
Return on assets %	1.2%	—	8.9%	9.3%	4.6%	3.7%	1.5%	0.4%
Return on capital employed %	15.9%	—	29.7%	27.6%	15.2%	12.3%	6.2%	3.5%
Return on equity %	3.7%	—	23.9%	21.2%	11.3%	9.6%	4.2%	1.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Sun Tv Network LimitedSUNTVSUNTV	₹23,642 Cr	₹23,642 Cr	₹4,502 Cr	₹2,330 Cr	51.1%	₹1,530 Cr	33.2%	16.8%	11.9%	-13
Hathway Cable & Datacom LimitedHATHWAYHATHWAY	₹1,650 Cr	₹1,650 Cr	₹2,184 Cr	₹310 Cr	15%	₹76 Cr	3.8%	2.4%	1.9%	-49
Den Networks LimitedDENDEN	₹1,213 Cr	₹1,213 Cr	₹976 Cr	₹60 Cr	7%	₹148 Cr	17%	5.5%	4.5%	-75
New Delhi Television LimitedNDTVNDTV	₹768 Cr	₹954 Cr	₹523 Cr	₹-271 Cr	-49.3%	₹-330 Cr	-61.2%	-72.7%	-345%	34
Gtpl Hathway LimitedGTPLGTPL	₹623 Cr	₹850 Cr	₹3,831 Cr	₹403 Cr	10.9%	₹8 Cr	0.3%	3.5%	1.4%	-31
Tv Today Network LimitedTVTODAYTVTODAY	₹607 Cr	₹622 Cr	₹820 Cr	₹37 Cr	3.8%	₹17 Cr	1.8%	4.6%	1.6%	76
Zee Media Corporation LimitedZEEMEDIAZEEMEDIA	₹472 Cr	₹482 Cr	₹768 Cr	₹102 Cr	13.9%	₹-1 Cr	0.3%	5.3%	0.9%	69
Dish Tv India LimitedDISHTVDISHTV	₹396 Cr	₹396 Cr	₹1,099 Cr	₹-188 Cr	-0.6%	₹-999 Cr	-69.4%	—	—	-1,724
Aqylon Nexus LimitedAQYLONAQYLON	₹392 Cr	₹392 Cr	₹5 Cr	₹-0 Cr	6.1%	₹-24 Cr	-366.5%	21.4%	—	-31
B.a.g Films And Media LimitedBAGFILMSBAGFILMS	₹89 Cr	₹89 Cr	₹157 Cr	₹20 Cr	11.9%	₹5 Cr	3.4%	5.8%	2.3%	290
Raj Television Network LimitedRAJTVRAJTV	₹56 Cr	₹77 Cr	₹69 Cr	₹3 Cr	5.9%	₹-0 Cr	1.1%	2.7%	0.6%	99
Crystal Business System LtdCRYSTALCRYSTAL	₹19 Cr	₹22 Cr	₹17 Cr	₹2 Cr	4%	₹1 Cr	1.4%	2.8%	0.8%	126

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	225	263	412	284	394	549	398	584	454	452	360
	-366	-271	-334	-235	-258	-375	-313	-462	-476	-380	-273
	166	28	-64	-5	-187	-163	-107	-58	-47	-111	-81
Net cash flow	25	20	13	—	—	11	-23	65	-70	-39	7
Free cash flow	-153	-15	84	57	143	178	108	116	-17	67	64
CFO / Operating profit %	—	—	129.6%	89.4%	85.2%	107.7%	75.4%	125.3%	95%	104.5%	88.9%

Gtpl Hathway Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

10

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Cable TV Business · revenue

Gtpl Hathway Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends10

Board meetings1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Cable TV Business · revenue

10

1