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Last Updated on: 11 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 533162 | NSE: HATHWAY

Hathway Cable & Datacom Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 11, 2024, 12:11 am

Market Cap 3,524 Cr.
Current Price 19.9
High / Low28.0/17.0
Stock P/E36.8
Book Value 24.2
Dividend Yield0.00 %
ROCE2.29 %
ROE1.58 %
Face Value 2.00
PEG Ratio-2.08

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

View Share Price Target for Hathway Cable & Datacom Ltd

Competitors of Hathway Cable & Datacom Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hathway Bhawani Cabletel & Datacom Ltd 16.5 Cr. 20.323.7/16.2 1.990.00 %2.26 %2.26 % 10.0
G V Films Ltd 83.2 Cr. 0.911.20/0.46 0.220.00 %2.27 %2.08 % 1.00
Encash Entertainment Ltd 11.3 Cr. 29.030.0/29.0 21.80.00 %3.81 %3.93 % 10.0
Diksat Transworld Ltd 254 Cr. 145165/126245 14.40.00 %3.36 %4.21 % 10.0
Cyber Media (India) Ltd 46.4 Cr. 29.744.0/16.014.3 2.950.00 %45.5 %% 10.0
Industry Average3,675.70 Cr157.78217.5654.760.12%36.43%10.97%5.94

All Competitor Stocks of Hathway Cable & Datacom Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales441448455449447473478460499484505493503
Expenses332359353356360389398402422401423413422
Operating Profit1108910293878581587883828081
OPM %25%20%22%21%19%18%17%13%16%17%16%16%16%
Other Income41292931334539214644394626
Interest0000000000000
Depreciation92929291919187889293908081
Profit before tax59263933293833-103134314625
Tax %17%26%12%13%28%20%13%53%29%41%27%24%28%
Net Profit49193428213029-152220223518
EPS in Rs0.280.110.190.160.120.170.16-0.080.130.110.130.200.10

Last Updated: September 28, 2024, 11:58 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 28, 2024, 11:58 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1,1331,5831,8321,1371,3441,5351,5581,7981,7321,7931,8581,9811,984
Expenses8571,2821,5671,0121,1431,1971,2391,3521,2391,3901,5381,6481,659
Operating Profit275301265125202337319447493403320333326
OPM %24%19%14%11%15%22%20%25%28%22%17%17%16%
Other Income4376-132242-368263196121128165154
Interest6213815991112153225229380121
Depreciation162291328259306335352371371368357354343
Profit before tax55-124-147-238-194-108-62711027915690142136
Tax %32%13%19%-0%-0%-0%-70%4%9%17%28%30%
Net Profit41-120-167-238-193-108-188105253130659995
EPS in Rs0.22-1.46-2.17-2.86-2.32-1.19-1.060.591.430.730.370.560.54
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-392.68%-39.17%-42.51%18.91%44.04%-74.07%155.85%140.95%-48.62%-50.00%52.31%
Change in YoY Net Profit Growth (%)0.00%353.52%-3.35%61.42%25.13%-118.12%229.93%-14.90%-189.57%-1.38%102.31%

Hathway Cable & Datacom Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:5%
3 Years:5%
TTM:5%
Compounded Profit Growth
10 Years:10%
5 Years:-20%
3 Years:-31%
TTM:69%
Stock Price CAGR
10 Years:-10%
5 Years:1%
3 Years:-9%
1 Year:-4%
Return on Equity
10 Years:0%
5 Years:3%
3 Years:2%
Last Year:2%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital143152166166166166354354354354354354
Reserves6798071,0449237276263,2853,3893,6423,7713,8293,936
Borrowings9881,4681,4191,5771,6881,6671,9731,97500520
Other Liabilities8119851,056688831810811654523495643654
Total Liabilities2,6213,4123,6853,3533,4123,2696,4246,3714,5194,6204,8314,963
Fixed Assets1,6432,1292,2731,5571,7551,8121,6321,5711,6021,5921,6321,540
CWIP213258168278121561048182574828
Investments891047187196443,6367031,7951,9052,0132,528
Other Assets7571,0171,1418008177581,0524,0161,0411,0651,138868
Total Assets2,6213,4123,6853,3533,4123,2696,4246,3714,5194,6204,8314,963

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 6623422683325293246440467333453-410
Cash from Investing Activity -454-829-522-521-332-153-3,295790530-382-303274
Cash from Financing Activity 338580356428-4-1663,098-244-2,003-00-1
Net Cash Flow-50-1560-10-11-2649986-1,005-50150-137

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-713.00300.00264.00124.00201.00336.00318.00446.00493.00403.00315.00313.00

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 Days1121201139294932861112833
Inventory Days
Days Payable
Cash Conversion Cycle1121201139294932861112833
Working Capital Days-89-73-71-165-183-187-195-54-75-56-66-62
ROCE %7%1%-2%-5%-3%2%-0%5%5%4%2%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 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%
FIIs6.29%6.59%6.79%6.87%7.00%6.64%6.60%6.52%6.69%5.66%4.65%4.89%
DIIs5.71%4.77%2.92%2.47%1.17%1.02%0.81%0.41%0.04%0.04%0.05%0.05%
Public13.00%13.64%15.29%15.66%16.84%17.35%17.59%18.07%18.27%19.29%20.30%20.05%
No. of Shareholders1,75,8482,25,5323,07,5823,15,9843,15,9283,10,8473,01,8232,97,4973,14,4753,38,6714,12,0224,47,021

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund438,8600.170.79438,8602024-10-090%
Groww Nifty Total Market Index Fund9990.010438,8602024-10-09-99.77%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)0.560.370.731.430.59
Diluted EPS (Rs.)0.560.370.731.430.59
Cash EPS (Rs.)2.362.162.353.102.51
Book Value[Excl.RevalReserv]/Share (Rs.)24.2423.6423.3122.5921.15
Book Value[Incl.RevalReserv]/Share (Rs.)24.2423.6423.3122.5921.15
Revenue From Operations / Share (Rs.)11.1910.5010.139.7810.16
PBDIT / Share (Rs.)2.602.352.663.493.85
PBIT / Share (Rs.)0.600.330.581.391.75
PBT / Share (Rs.)0.590.280.421.150.43
Net Profit / Share (Rs.)0.350.140.271.010.41
NP After MI And SOA / Share (Rs.)0.560.360.731.430.58
PBDIT Margin (%)23.2422.3826.2635.6637.87
PBIT Margin (%)5.363.165.7514.2217.23
PBT Margin (%)5.302.724.1611.764.27
Net Profit Margin (%)3.171.372.7310.294.04
NP After MI And SOA Margin (%)5.013.517.2414.595.76
Return on Networth / Equity (%)2.311.563.156.322.77
Return on Capital Employeed (%)2.451.392.486.118.06
Return On Assets (%)2.001.352.815.591.62
Long Term Debt / Equity (X)0.000.000.000.000.01
Total Debt / Equity (X)0.000.000.000.000.52
Asset Turnover Ratio (%)0.400.130.130.110.09
Current Ratio (X)3.463.002.333.131.37
Quick Ratio (X)3.463.002.323.121.37
Interest Coverage Ratio (X)438.502189.050.0016.483.01
Interest Coverage Ratio (Post Tax) (X)60.93177.790.005.901.35
Enterprise Value (Cr.)3289.521949.882886.354211.121248.10
EV / Net Operating Revenue (X)1.661.051.612.430.69
EV / EBITDA (X)7.144.696.136.821.83
MarketCap / Net Operating Revenue (X)1.751.231.702.621.32
Price / BV (X)0.800.540.741.140.63
Price / Net Operating Revenue (X)1.751.231.702.621.32
EarningsYield0.020.020.040.050.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Hathway Cable & Datacom Ltd as of October 11, 2024 is: ₹14.35

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 October 11, 2024, Hathway Cable & Datacom Ltd is Overvalued by 27.89% compared to the current share price ₹19.90

Intrinsic Value of Hathway Cable & Datacom Ltd as of October 11, 2024 is: ₹11.81

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 October 11, 2024, Hathway Cable & Datacom Ltd is Overvalued by 40.65% compared to the current share price ₹19.90

Last 5 Year EPS CAGR: -17.70%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 0.93 and average Dividend Yield of 9.14%.
  2. The stock has a low average Working Capital Days of -106.33, which is a positive sign.
  3. The company has higher reserves (2,221.50 cr) compared to borrowings (1,065.00 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 1.50%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 60.92, which may not be favorable.
  3. The company has not shown consistent growth in sales (1.00) and profit (-36.15).

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 Hathway Cable & Datacom Ltd:
    1. Net Profit Margin: 3.17%
      • 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: 2.45% (Industry Average ROCE: 36.43%)
      • 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%: 2.31% (Industry Average ROE: 10.97%)
      • 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): 60.93
      • 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: 3.46
      • 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: 36.8 (Industry average Stock P/E: 217.56)
      • 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

Hathway Cable & Datacom Ltd. is a Public Limited Listed company incorporated on 07/08/1959 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L64204MH1959PLC011421 and registration number is 011421. Currently company belongs to the Industry of Entertainment & Media. Company’s Total Operating Revenue is Rs. 621.94 Cr. and Equity Capital is Rs. 354.02 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & Media802, 8th Floor, Interface-11, Mumbai Maharashtra 400064info@hathway.net
http://www.hathway.com
Management
NamePosition Held
Mr. Sridhar GorthiChairman & Ind.Director
Mr. Sasha MirchandaniIndependent Director
Ms. Ameeta ParpiaIndependent Director
Mr. Anuj JainNon Executive Director
Mr. Saurabh SanchetiNon Executive Director
Ms. Geeta FulwadayaNon Executive Director
Mr. Viren RahejaNon Executive Director
Mr. Akshay RahejaNon Executive Director

FAQ

What is the latest fair value of Hathway Cable & Datacom Ltd?

The latest fair value of Hathway Cable & Datacom Ltd is ₹14.35.

What is the Market Cap of Hathway Cable & Datacom Ltd?

The Market Cap of Hathway Cable & Datacom Ltd is 3,524 Cr..

What is the current Stock Price of Hathway Cable & Datacom Ltd as on 11 October 2024?

The current stock price of Hathway Cable & Datacom Ltd as on 11 October 2024 is ₹19.9.

What is the High / Low of Hathway Cable & Datacom Ltd stocks in FY 2024?

In FY 2024, the High / Low of Hathway Cable & Datacom Ltd stocks is 28.0/17.0.

What is the Stock P/E of Hathway Cable & Datacom Ltd?

The Stock P/E of Hathway Cable & Datacom Ltd is 36.8.

What is the Book Value of Hathway Cable & Datacom Ltd?

The Book Value of Hathway Cable & Datacom Ltd is 24.2.

What is the Dividend Yield of Hathway Cable & Datacom Ltd?

The Dividend Yield of Hathway Cable & Datacom Ltd is 0.00 %.

What is the ROCE of Hathway Cable & Datacom Ltd?

The ROCE of Hathway Cable & Datacom Ltd is 2.29 %.

What is the ROE of Hathway Cable & Datacom Ltd?

The ROE of Hathway Cable & Datacom Ltd is 1.58 %.

What is the Face Value of Hathway Cable & Datacom Ltd?

The Face Value of Hathway Cable & Datacom Ltd is 2.00.

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 Hathway Cable & Datacom 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