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Last Updated on: 26 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

GTPL Hathway Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 25, 2024, 11:49 pm

Market Cap 1,598 Cr.
Current Price 142
High / Low218/138
Stock P/E25.0
Book Value 102
Dividend Yield2.82 %
ROCE12.0 %
ROE9.44 %
Face Value 10.0
PEG Ratio5.81

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

View Share Price Target for GTPL Hathway Ltd

Competitors of GTPL Hathway Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of GTPL Hathway Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales647749602596599617631655686692774779851
Expenses507632473461466488510524574591655655730
Operating Profit140116129135133129121131112101120124121
OPM %22%16%21%23%22%21%19%20%16%15%15%16%14%
Other Income8399-3141115820-1061110
Interest5423542223456
Depreciation696561636465697476100748291
Profit before tax758675667871646354-11484833
Tax %30%28%29%24%25%20%25%24%26%4%26%25%26%
Net Profit526253505957484740-11353625
EPS in Rs4.025.064.223.834.864.843.853.993.34-1.043.193.042.11

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3584535776237369081,0911,2462,3842,4672,4142,6642,932
Expenses2873474214745836977979051,9211,9471,8812,1982,475
Operating Profit71106156149154211294340464520533466457
OPM %20%23%27%24%21%23%27%27%19%21%22%18%16%
Other Income122983317-44-3051243227
Interest10204042476442514523141014
Depreciation17297284107139171202232260253319331
Profit before tax456046338419843158288290169138
Tax %29%31%47%39%54%36%42%43%44%27%25%26%
Net Profit32422520426562588210219125100
EPS in Rs203.50226.05120.1083.500.754.105.431.686.9116.7317.7510.138.53
Dividend Payout %0%0%0%0%7%24%18%60%43%24%23%39%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)31.25%-40.48%-20.00%-80.00%550.00%115.38%-55.36%252.00%138.64%4.29%-42.92%
Change in YoY Net Profit Growth (%)0.00%-71.73%20.48%-60.00%630.00%-434.62%-170.74%307.36%-113.36%-134.35%-47.21%

GTPL Hathway 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:19%
5 Years:21%
3 Years:9%
TTM:15%
Compounded Profit Growth
10 Years:16%
5 Years:31%
3 Years:-18%
TTM:-38%
Stock Price CAGR
10 Years:%
5 Years:16%
3 Years:-18%
1 Year:-20%
Return on Equity
10 Years:13%
5 Years:16%
3 Years:14%
Last Year:9%

Last Updated: Unknown

Balance Sheet

Last Updated: October 15, 2024, 3:41 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital2229898112112112112112112112112
Reserves2543163312822895455526167689199911,0471,030
Borrowings230282240466546328345223165130149242325
Other Liabilities3084585426287769161,0041,1941,2731,1411,4201,6171,986
Total Liabilities7931,0581,1151,4741,7091,9022,0142,1452,3182,3032,6723,0193,454
Fixed Assets4806746969041,0541,2101,2141,3251,3931,5071,7682,0292,028
CWIP232211616038323271921138896
Investments4915191014151410991112
Other Assets2863543934915856397547738446947828911,319
Total Assets7931,0581,1151,4741,7091,9022,0142,1452,3182,3032,6723,0193,454

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +219209225266412284394551396583455
Cash from Investing Activity +-268-96-366-272-334-235-254-378-311-461-477
Cash from Financing Activity +37-9216621-64-5-187-163-102-58-48
Net Cash Flow-122125141344-4710-1764-70

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow71.00-124.00-126.00-91.00-312.00-335.00-34.00-5.00241.00355.00403.00317.00

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days98126134122119109844361434050
Inventory Days
Days Payable
Cash Conversion Cycle98126134122119109844361434050
Working Capital Days-43-77-102-134-88-110-118-88-84-81-110-91
ROCE %19%15%12%7%12%15%18%27%31%27%15%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs9.93%10.33%10.51%10.46%9.37%8.60%8.56%8.67%8.66%8.66%8.64%8.64%
DIIs0.37%0.36%0.02%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.02%0.00%
Public14.70%14.31%14.47%14.50%15.60%16.36%16.40%16.31%16.31%16.32%16.34%16.36%
No. of Shareholders26,78627,58327,66027,79028,88429,35829,12326,83227,67027,65128,14628,479

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)9.5110.1317.7516.736.91
Diluted EPS (Rs.)9.5110.1317.7516.736.91
Cash EPS (Rs.)39.9439.3941.9741.9528.43
Book Value[Excl.RevalReserv]/Share (Rs.)103.13107.57100.0984.7168.83
Book Value[Incl.RevalReserv]/Share (Rs.)103.13107.57100.0984.7168.83
Revenue From Operations / Share (Rs.)285.65236.87214.66219.36211.99
PBDIT / Share (Rs.)45.4545.9150.6950.8944.68
PBIT / Share (Rs.)15.4717.5528.2127.7424.07
PBT / Share (Rs.)13.4314.9925.8225.6914.03
Net Profit / Share (Rs.)9.9611.0319.4918.807.83
NP After MI And SOA / Share (Rs.)9.5110.1317.7516.736.91
PBDIT Margin (%)15.9119.3823.6123.2021.07
PBIT Margin (%)5.417.4113.1412.6411.35
PBT Margin (%)4.706.3212.0211.716.62
Net Profit Margin (%)3.484.659.078.563.69
NP After MI And SOA Margin (%)3.334.278.277.623.26
Return on Networth / Equity (%)9.2210.3219.3421.3710.67
Return on Capital Employeed (%)11.6614.7325.3729.7028.16
Return On Assets (%)3.504.208.487.993.55
Long Term Debt / Equity (X)0.050.020.030.010.08
Total Debt / Equity (X)0.190.120.110.140.20
Asset Turnover Ratio (%)1.111.050.780.921.02
Current Ratio (X)0.460.480.550.560.52
Quick Ratio (X)0.440.450.540.550.50
Dividend Payout Ratio (NP) (%)42.0439.4722.5317.9314.46
Dividend Payout Ratio (CP) (%)10.1210.399.947.523.63
Earning Retention Ratio (%)57.9660.5377.4782.0785.54
Cash Earning Retention Ratio (%)89.8889.6190.0692.4896.37
Interest Coverage Ratio (X)22.3252.0339.5124.8511.18
Interest Coverage Ratio (Post Tax) (X)5.8915.4117.0510.184.47
Enterprise Value (Cr.)2083.421130.622033.871388.03567.64
EV / Net Operating Revenue (X)0.640.420.840.560.23
EV / EBITDA (X)4.082.193.572.421.13
MarketCap / Net Operating Revenue (X)0.580.410.810.540.19
Retention Ratios (%)57.9560.5277.4682.0685.53
Price / BV (X)1.620.991.901.520.62
Price / Net Operating Revenue (X)0.580.410.810.540.19
EarningsYield0.050.100.100.140.16

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of GTPL Hathway Ltd as of November 26, 2024 is: 247.51

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 November 26, 2024, GTPL Hathway Ltd is Undervalued by 74.30% compared to the current share price 142.00

Intrinsic Value of GTPL Hathway Ltd as of November 26, 2024 is: 258.16

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 November 26, 2024, GTPL Hathway Ltd is Undervalued by 81.80% compared to the current share price 142.00

Last 5 Year EPS CAGR: 4.30%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.50%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -93.83, which is a positive sign.
  3. The company has higher reserves (610.77 cr) compared to borrowings (282.38 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (282.08 cr) and profit (109.00 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 85.75, which may not be favorable.

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 GTPL Hathway Ltd:
    1. Net Profit Margin: 3.48%
      • 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: 11.66% (Industry Average ROCE: 0.59%)
      • 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%: 9.22% (Industry Average ROE: 0.49%)
      • 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): 5.89
      • 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: 0.44
      • 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: 25 (Industry average Stock P/E: 0)
      • 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: 0.19
      • 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

GTPL Hathway Ltd. is a Public Limited Listed company incorporated on 21/08/2006 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L64204GJ2006PLC048908 and registration number is 048908. Currently Company is involved in the business activities of Activities of the cable operators. Company’s Total Operating Revenue is Rs. 1531.23 Cr. and Equity Capital is Rs. 112.46 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & Media202, 2nd Floor, Sahajanand Shopping Center, Ahmedabad Gujarat 380004complianceofficer@gtpl.net
http://www.gtpl.net
Management
NamePosition Held
Mr. Ajay SinghChairman
Mr. Aniruddhasinhji Nogubha JadejaManaging Director
Mr. Amit Jayantilal ShahWhole Time Director
Mrs. Divya MomayaIndependent Director
Mr. Falgun Harishkumar ShahIndependent Director
Mr. Kunal ChandraIndependent Director
Mr. Rajendra HingwalaIndependent Director
Mr. Tavinderjit Singh PanesarNon Exe.Non Ind.Director

FAQ

What is the latest intrinsic value of GTPL Hathway Ltd?

The latest intrinsic value of GTPL Hathway Ltd as on 26 November 2024 is ₹247.51, which is 74.30% higher than the current market price of ₹142.00.

What is the Market Cap of GTPL Hathway Ltd?

The Market Cap of GTPL Hathway Ltd is 1,598 Cr..

What is the current Stock Price of GTPL Hathway Ltd as on 26 November 2024?

The current stock price of GTPL Hathway Ltd as on 26 November 2024 is 142.

What is the High / Low of GTPL Hathway Ltd stocks in FY 2024?

In FY 2024, the High / Low of GTPL Hathway Ltd stocks is 218/138.

What is the Stock P/E of GTPL Hathway Ltd?

The Stock P/E of GTPL Hathway Ltd is 25.0.

What is the Book Value of GTPL Hathway Ltd?

The Book Value of GTPL Hathway Ltd is 102.

What is the Dividend Yield of GTPL Hathway Ltd?

The Dividend Yield of GTPL Hathway Ltd is 2.82 %.

What is the ROCE of GTPL Hathway Ltd?

The ROCE of GTPL Hathway Ltd is 12.0 %.

What is the ROE of GTPL Hathway Ltd?

The ROE of GTPL Hathway Ltd is 9.44 %.

What is the Face Value of GTPL Hathway Ltd?

The Face Value of GTPL Hathway Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in GTPL Hathway Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE