Distributes cable television and broadband internet to Indian homes as the country's largest multi-system operator (MSO). The Cable TV Business generates 82.4% of FY26 segment revenue (Rs 3,079.87 cr) by aggregating, transmitting and selling TV channel subscriptions to about 9.6 million digital TV subscribers, with 8.7 million paying; on a full-year basis the segment ran an EBIT loss of -1.0% as pay-channel and HITS infrastructure costs rose. The Internet Service segment contributes 15.0% (Rs 561.15 cr) by providing fixed-line broadband to 1.06 million homes at an ARPU of Rs 470, with monthly data usage of 436 GB per user, and is the most consistently profitable at a 5.1% EBIT margin. Projects (Including O&M) account for 2.6% (Rs 95.53 cr) and is the highest-margin line at 21.8% EBIT, covering network build, deployment and operations & maintenance. Other operating expenses dominate the cost stack at 83.9% of revenue, followed by depreciation at 10.1% as the HITS (Headend-In-The-Sky) platform and broadband home-pass network carry heavy fixed costs. The company is rolling out its HITS platform (GTPL Infinity) for pan-India digital TV distribution, which already carries about 2.7 million subscribers across roughly 800 channels, while building out a 5.95 million home-pass broadband footprint. Q1 FY27 saw a step-up in capex guidance to Rs 400 cr split 50:50 between Broadband and Digital TV, and a Rs 36.23 cr acquisition of seven ACT Group cable companies adding roughly 6 lakh subscribers in AP, Telangana, Karnataka and Odisha. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Cable TV Business (82%), Internet Service (15%), Projects (Including O&M) (3%). Asset-heavy cable and broadband distribution network with high depreciation and operating leverage.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,414 | 2,664 | 3,212 | 3,477 | 3,719 |
| EBITDA (ex other income) | 515 | 447 | 478 | 433 | 404 |
| margin % | 21.3 | 16.8 | 14.9 | 12.4 | 10.9 |
| Owners' profit | 200 | 114 | 107 | 48 | 16 |
| EPS, as reported (₹) | 17.75 | 10.13 | 9.51 | 4.26 | 1.40 |
| ROE % · ROCE % | 19.4 · 24.4 | 10.3 · 13.3 | 8.7 · 11.7 | 3.8 · 6.2 | 1.0 · 3.3 |
| Debt / equity (x) | 0.10 | 0.12 | 0.18 | 0.18 | 0.18 |
| Cash from operations | 398 | 584 | 454 | 452 | 360 |
| Capex | (290) | (468) | (470) | (385) | (297) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 856 | 887 | 891 | 904 | 959 | 933 | 924 | 1,015 |
| Profit before tax | 17 | 12 | 13 | 12 | 11 | 15 | (21) | 3 |
| Net profit | 14 | 10 | 11 | 7 | 7 | 12 | (14) | 1 |
| EPS (₹) | 1.14 | 0.90 | 0.95 | 0.94 | 0.82 | 0.98 | (1.34) | 0.21 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Cable TV Business | 3,080 | 82.4 |
| Internet Service | 561 | 15.0 |
| Projects (Including O&M) | 96 | 2.6 |
| Total, before eliminations | 3,737 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SUN TV NETWORK LIMITED | 18,725 | 12.2 | 1.48 | 6.8 | 11.4 | 15.4 | 6.4 | 62.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Newspaper ad published for 20th AGM notice and e-voting details | compliance | minimal | — | — |
| 3 Sept 2026 · GTPL schedules September 28 AGM and releases FY2025-26 annual report | board shareholder meetings | low | — | — |
| 26 Aug 2026 · GTPL 20th AGM on Aug 28, 2026; dividend record date Aug 21 | compliance | minimal | — | — |
| 25 Aug 2026 · GTPL Hathway Company Secretary resigns effective Aug 31, 2026 | management changes | high | — | — |
| 25 Aug 2026 · GTPL Hathway fixes Sep 21, 2026 as record date for FY26 dividend | corporate actions | medium | — | — |
| 25 Aug 2026 · GTPL Hathway AGM set for September 28, 2026; record date September 21 | board shareholder meetings | low | — | — |
| 4 Aug 2026 · SBICAP Trustee creates pledge on 0.78 percent stake in GTPL Hathway | ownership changes | medium | — | — |
| 21 Jul 2026 · Transcript of the Post Results Conference Call on Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. | investor communications | medium | — | — |
| 16 Jul 2026 · Audio recording of Q1 FY27 post-results conference call uploaded | investor communications | low | — | — |
| 15 Jul 2026 · GTPL Hathway CFO Saurav Banerjee to retire on September 30 2026 | management changes | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| ZEE ENTERTAINMENT ENT LTD |
| 7,669 |
| 21.9 |
| 0.65 |
| 13.2 |
| 2.3 |
| 2.3 |
| 0.9 |
| 6.9 |
| HATHWAY CABLE & DATACOM | 1,814 | 24.4 | 0.41 | 4.3 | 1.8 | 2.4 | 4.4 | 19.1 |
| DEN NETWORKS LTD | 1,283 | 8.6 | 0.34 | 4.2 | 4.3 | 5.4 | (5.7) | 28.0 |
| NDTV LTD | 809 | — | 6.26 | — | (250.2) | (82.5) | 8.1 | (55.5) |
| GTPL HATHWAY LIMITED ◆ | 678 | 90.0 | 0.54 | 2.0 | 1.0 | 1.0 | 8.6 | 10.8 |
| TV TODAY NETWORK LTD | 656 | 38.0 | 0.74 | 10.4 | 1.6 | 3.3 | 0.6 | 10.8 |
| AQYLON NEXUS LIMITED | 546 | — | — | — | 212.8 | 245.0 | — | (1048.4) |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 90.0 | 13.4 | 11 of 11 | 0% |
| P/B | 0.5 | 0.7 | 6 of 14 | 62% |
| ROCE | 1.0 | 2.3 | 11 of 17 | 38% |
| ROE | 1.0 | 1.3 | 9 of 16 | 47% |
| Debt / Equity | 0.2 | 0.0 | 14 of 16 | 13% |
| EBITDA margin | 10.8 | 9.4 | 8 of 17 | 56% |
| Revenue growth | 12.4 | 4.5 | 4 of 16 | 80% |
| Profit growth | (81.2) | (28.2) | 12 of 16 | 27% |
| Market cap | 678 | 488 | 6 of 17 | 69% |
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
