GTL Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 4, 2025, 11:15 pm

Market Cap	175 Cr.
Current Price	11.1
High / Low	17.2/9.20
Stock P/E	23.7
Book Value	381
Dividend Yield	0.00 %
ROCE	%
ROE	%
Face Value	10.0
PEG Ratio	0.28

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for GTL Ltd

Competitors of GTL Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
City Online Services Ltd	4.39 Cr.	8.50	11.0/3.61	12.9	0.56	0.00 %	24.4 %	%	10.0
Cistro Telelink Ltd	3.90 Cr.	0.76	0.76/0.56		0.55	0.00 %	0.54 %	0.54 %	1.00
Vodafone Idea Ltd	67,036 Cr.	9.40	19.2/6.60		13.7	0.00 %	3.61 %	%	10.0
Uniinfo Telecom Services Ltd	34.8 Cr.	32.5	57.0/28.8		30.7	0.00 %	2.87 %	1.89 %	10.0
Tejas Networks Ltd	15,468 Cr.	880	1,495/651	23.3	212	0.00 %	3.68 %	2.06 %	10.0
Industry Average	126,821.11 Cr	339.22		34.14	135.73	0.12%	11.75%	12.69%	8.54

All Competitor Stocks of GTL Ltd

Quarterly Result

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	69.16	51.68	48.09	48.69	49.71	47.02	47.20	46.32	45.89	46.99	46.11	46.66	43.46
Expenses	48.31	40.30	62.28	35.35	36.28	56.39	73.41	68.48	39.53	31.54	35.51	41.31	33.77
Operating Profit	20.85	11.38	-14.19	13.34	13.43	-9.37	-26.21	-22.16	6.36	15.45	10.60	5.35	9.69
OPM %	30.15%	22.02%	-29.51%	27.40%	27.02%	-19.93%	-55.53%	-47.84%	13.86%	32.88%	22.99%	11.47%	22.30%
Other Income	10.03	10.80	0.62	3.07	450.97	1.28	101.07	3.02	0.73	8.91	2.30	68.68	2.60
Interest	5.26	5.21	5.52	5.73	5.76	5.83	6.10	6.45	6.52	6.59	6.84	7.10	7.28
Depreciation	0.99	1.59	1.11	1.10	1.10	1.14	1.21	1.00	1.01	1.08	1.20	1.01	1.19
Profit before tax	24.63	15.38	-20.20	9.58	457.54	-15.06	67.55	-26.59	-0.44	16.69	4.86	65.92	3.82
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	24.63	15.38	-20.20	9.59	457.55	-15.06	67.55	-26.59	-0.44	16.69	4.86	65.92	3.82
EPS in Rs	1.57	0.98	-1.28	0.61	29.09	-0.96	4.29	-1.69	-0.03	1.06	0.31	4.19	0.24

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	1,500	2,160	1,250	1,354	1,240	1,221	995	219	215	221	194	186	186
Expenses	1,416	2,023	1,118	1,791	1,052	1,295	1,085	462	434	163	187	205	148
Operating Profit	84	137	132	-437	188	-74	-90	-243	-219	58	7	-19	38
OPM %	6%	6%	11%	-32%	15%	-6%	-9%	-111%	-102%	26%	3%	-10%	20%
Other Income	50	42	73	224	-1,944	34	-2,502	20	12	35	452	106	81
Interest	431	541	539	465	560	547	19	17	19	21	23	26	27
Depreciation	89	157	110	124	98	47	17	5	5	5	4	4	4
Profit before tax	-385	-519	-445	-801	-2,413	-635	-2,628	-245	-231	67	432	57	87
Tax %	-4%	-0%	-6%	0%	2%	1%	0%	-0%	0%	0%	0%	0%
Net Profit	-401	-519	-470	-801	-2,374	-630	-2,628	-245	-231	67	432	57	87
EPS in Rs	-41.20	-33.09	-29.87	-50.94	-150.91	-40.04	-167.05	-15.56	-14.66	4.27	27.46	3.64	5.53
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	-29.43%	9.44%	-70.43%	-196.38%	73.46%	-317.14%	90.68%	5.71%	129.00%	544.78%	-86.81%
Change in YoY Net Profit Growth (%)	0.00%	38.87%	-79.87%	-125.95%	269.84%	-390.61%	407.82%	-84.96%	123.29%	415.77%	-631.58%

GTL Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:	-17%
5 Years:	-2%
3 Years:	-3%
TTM:	36%

Compounded Profit Growth
10 Years:	8%
5 Years:	17%
3 Years:	-18%
TTM:	-73%

Stock Price CAGR
10 Years:	-4%
5 Years:	49%
3 Years:	-15%
1 Year:	-35%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:38 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	157	157	157	157	157	157	157	157	157	157	157	157	157
Reserves	490	20	-781	-3,212	-3,842	-6,469	-6,714	-6,945	-6,878	-6,446	-6,389	-6,179	-6,156
Borrowings	4,530	3,797	2,976	114	127	141	157	174	6,562	6,093	6,067	5,784	5,635
Other Liabilities	2,086	2,701	3,648	6,468	6,877	6,663	6,710	6,878	356	414	423	443	486
Total Liabilities	7,263	6,676	6,000	3,528	3,320	492	310	265	197	219	258	205	123
Fixed Assets	470	381	240	140	99	83	79	79	76	74	51	30	28
CWIP	19	23	1	0	0	0	0	0	0	0	0	0	0
Investments	2,640	3,668	3,616	2,234	2,123	337	184	51	51	0	0	0	0
Other Assets	4,134	2,604	2,144	1,153	1,097	72	47	135	70	144	207	175	95
Total Assets	7,263	6,676	6,000	3,528	3,320	492	310	265	197	219	258	205	123

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	83	452	324	108	101	128	91	102	63	29	18	175
Cash from Investing Activity +	-3	79	17	24	7	0	0	0	-1	463	119	180
Cash from Financing Activity +	-55	-482	-413	-120	-79	-209	-102	-103	-64	-492	-134	-353
Net Cash Flow	25	50	-71	13	28	-80	-11	-1	-1	-0	3	2

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	84.00	133.00	129.00	-439.00	74.00	-201.00	-231.00	-400.00	-393.00	52.00	1.00	-25.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	140	136	60	41	30	0	0	0	0	37	65	39
Inventory Days		35	15				0	0	0	0	0	0
Days Payable		565	838
Cash Conversion Cycle	140	-394	-763	41	30	0	0	0	0	37	65	39
Working Capital Days	-151	-749	-850	-1,752	-1,920	-2,424	-11,116	-11,570	-484	-529	-447	-508
ROCE %	0%	2%	-10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	32.41%	14.29%	14.29%	14.29%	14.29%	14.29%	14.29%	14.29%	14.29%	14.29%	14.29%	14.29%
FIIs	0.37%	1.69%	0.95%	0.95%	0.95%	0.38%	0.38%	0.38%	0.38%	0.43%	0.42%	0.20%
DIIs	18.10%	19.10%	14.60%	11.51%	11.29%	11.29%	11.29%	11.29%	10.26%	10.26%	10.26%	10.26%
Public	49.12%	64.92%	70.16%	73.23%	73.46%	74.04%	74.03%	74.02%	75.06%	75.01%	75.03%	75.24%
No. of Shareholders	88,251	1,12,941	1,22,354	1,24,704	1,23,539	1,23,529	1,22,503	1,27,961	1,29,231	1,42,156	1,39,035	1,53,154

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	2.91	-1.91	-26.39	-28.89	-63.18
Diluted EPS (Rs.)	2.91	-1.91	-26.39	-28.89	-63.18
Cash EPS (Rs.)	3.21	-1.62	-26.10	-54.85	-42.28
Book Value[Excl.RevalReserv]/Share (Rs.)	-508.68	-512.95	-506.90	-443.95	-415.79
Book Value[Incl.RevalReserv]/Share (Rs.)	-508.68	-512.95	-506.90	-443.95	-415.79
Revenue From Operations / Share (Rs.)	14.05	13.69	13.93	63.29	77.63
PBDIT / Share (Rs.)	5.88	-13.14	-14.21	-4.07	4.26
PBIT / Share (Rs.)	5.59	-13.42	-14.50	-5.18	1.25
PBT / Share (Rs.)	4.27	-14.65	-15.56	-52.62	-33.53
Net Profit / Share (Rs.)	2.91	-1.91	-26.39	-55.96	-45.30
NP After MI And SOA / Share (Rs.)	2.91	-1.91	-26.39	-28.89	-63.18
PBDIT Margin (%)	41.88	-95.92	-102.03	-6.42	5.49
PBIT Margin (%)	39.78	-98.02	-104.10	-8.18	1.60
PBT Margin (%)	30.43	-107.01	-111.71	-83.15	-43.19
Net Profit Margin (%)	20.71	-13.94	-189.51	-88.42	-58.35
NP After MI And SOA Margin (%)	20.71	-13.94	-189.51	-45.65	-81.39
Return on Networth / Equity (%)	-0.57	0.00	0.00	0.00	0.00
Return on Capital Employeed (%)	-1.21	2.88	3.14	1.29	-0.33
Return On Assets (%)	23.19	-11.34	-133.85	-45.51	-62.47
Asset Turnover Ratio (%)	0.95	0.74	0.33	0.95	0.42
Current Ratio (X)	0.01	0.01	0.01	0.01	0.07
Quick Ratio (X)	0.01	0.01	0.01	0.01	0.07
Interest Coverage Ratio (X)	4.48	-10.66	-13.41	-3.45	0.12
Interest Coverage Ratio (Post Tax) (X)	4.25	-10.89	-13.68	-4.38	0.04
Enterprise Value (Cr.)	267.54	103.83	222.94	300.17	294.48
EV / Net Operating Revenue (X)	1.21	0.48	1.02	0.30	0.24
EV / EBITDA (X)	2.89	-0.50	-0.99	-4.69	4.39
MarketCap / Net Operating Revenue (X)	0.37	0.07	0.33	0.17	0.22
Price / BV (X)	-0.01	0.00	-0.01	-0.02	-0.04
Price / Net Operating Revenue (X)	0.37	0.07	0.33	0.17	0.22
EarningsYield	0.55	-1.77	-5.63	-2.54	-3.69

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of GTL Ltd as of February 5, 2025 is: ₹1,105.24

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 5, 2025, GTL Ltd is Undervalued by 9,857.12% compared to the current share price ₹11.10

Default values used*: Default value of 15% for ROE is used

Intrinsic Value of GTL Ltd as of February 5, 2025 is: ₹2,035.55

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 5, 2025, GTL Ltd is Undervalued by 18,238.29% compared to the current share price ₹11.10

Default values used*: Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 84.17%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -312.00, which is a positive sign. The stock has a low average Cash Conversion Cycle of -67.08, which is a positive sign.	The stock has a low average ROCE of -0.67%, which may not be favorable. The company has higher borrowings (3,242.85) compared to reserves (-4,577.00), which may suggest financial risk. The company has not shown consistent growth in sales (171.00) and profit (-201.69).

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in GTL Ltd:
1. Net Profit Margin: 20.71%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: -1.21% (Industry Average ROCE: 9.94%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: -0.57% (Industry Average ROE: 6.83%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 4.25
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.01
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 23.7 (Industry average Stock P/E: 13.13)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

GTL Ltd. is a Public Limited Listed company incorporated on 23/12/1987 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L40300MH1987PLC045657 and registration number is 045657. Currently Company is involved in the business activities of Wireless telecommunications activities. Company's Total Operating Revenue is Rs. 201.92 Cr. and Equity Capital is Rs. 157.30 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Telecom Services	Global Vision, Electronic Sadan-II, New Mumbai Maharashtra 400710	gtlshares@gtllimited.com http://www.gtllimited.com

Management
Name	Position Held
Mr. D S Gunasingh	Chairman & Ind.Director
Mr. Sunil S Valavalkar	Whole Time Director
Mrs. Siddhi M Thakur	Director
Mr. Navin J Kripalani	Independent Director
Dr. Mahesh M Borase	Independent Director
Ms. Sanjana S Pawar	Independent Director
Ms. Jyotisana S Kondhalkar	Addnl. & Ind.Director

FAQ

What is the latest intrinsic value of GTL Ltd?

The latest intrinsic value of GTL Ltd as on 05 February 2025 is ₹1105.24, which is 9857.12% higher than the current market price of ₹11.10, indicating the stock is undervalued by 9857.12%. The stock has a market capitalization of 175 Cr. and recorded a high/low of 17.2/9.20 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹-6,156 Cr and total liabilities of 123 Cr.

What is the Market Cap of GTL Ltd?

The Market Cap of GTL Ltd is 175 Cr..

What is the current Stock Price of GTL Ltd as on 05 February 2025?

The current stock price of GTL Ltd as on 05 February 2025 is 11.1.

What is the High / Low of GTL Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of GTL Ltd stocks is 17.2/9.20.

What is the Stock P/E of GTL Ltd?

The Stock P/E of GTL Ltd is 23.7.

What is the Book Value of GTL Ltd?

The Book Value of GTL Ltd is 381.

What is the Dividend Yield of GTL Ltd?

The Dividend Yield of GTL Ltd is 0.00 %.

What is the ROCE of GTL Ltd?

The ROCE of GTL Ltd is %.

What is the ROE of GTL Ltd?

The ROE of GTL Ltd is %.

What is the Face Value of GTL Ltd?

The Face Value of GTL Ltd is 10.0.