Hathway Cable & Datacom share price & results
- Sept 2026
- Sept 2026
Reliance Group-owned cable TV MSO and broadband ISP operating a pan-India subscriber network.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 568 | +5.8% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 10.0 | −5.0 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 10.0 | −44.4% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 1.51 | −0.3 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 1.16 | −3.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 5.98 | +2.4 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Price
Performance −33.4% 1Y
1Y: ₹13.77 on 24 Oct 2025 → ₹9.17. High ₹13.84 (29 Oct 2025), low ₹8.87 (30 Mar 2026).
- Previous close
- ₹8.99
- Market cap
- ₹1.6k Cr
- 52-week range
- ₹8.87 – ₹13.84
- One year
- −33.55%
- Price to earnings (TTM to Sept 2026)
- 23.38×
- Return on equity (TTM to Sept 2026)
- 1.51%
Overview
- Symbol
- NSE:HATHWAY
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Hathway Cable & Datacom Limited does
Based on the company's own presentations, annual report and earnings calls.
Hathway Cable and Datacom Limited, part of the Reliance Group, runs two linked last-mile connectivity businesses: a wireline broadband internet (ISP) operation under its own PAN-India ISP licence, and cable television distribution as a Multi System Operator (MSO) carried out through its wholly owned subsidiary Hathway Digital Limited, which pushes signals to local cable operators (LCOs) and direct subscribers. It earns broadband subscription fees from its own high-speed cable/FTTH internet customers, and CATV subscription, placement and carriage fees from LCOs, subscribers and pay-TV broadcasters for distributing channels over its cable network. The company also holds a strategic minority equity stake in GTPL Hathway Limited, a separately listed MSO, as an associate investment rather than an operated business line.
Segments
- Broadband (ISP)
- Cable Television (CATV)
- Strategic Investment
- Broadband homes passed
- ~5.8 Mn homes
- Broadband subscribers
- 1.13 Mn
- Digital cable TV subscribers (households)
- 5.6 Mn
- Cable TV presence
- 700+ cities and towns
- Broadband city presence
- 22 cities (4 metros, 3 mini metros)
- Set-top boxes deployed
- 5.6 Mn STBs
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −44% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 511 | 513 | 530 | 537 | 537 | 546 | 565 | 568 |
| Expenses | 428 | 422 | 443 | 456 | 459 | 475 | 490 | 509 |
| Operating profit | 83 | 91 | 88 | 81 | 77 | 71 | 75 | 58 |
| Operating margin | 16.0% | 18.0% | 17.0% | 15.0% | 14.0% | 13.0% | 13.0% | 10.0% |
| Other income | 23 | 38 | 38 | 22 | 25 | 20 | 33 | 31 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 87 | 87 | 85 | 76 | 74 | 74 | 75 | 74 |
| Profit before tax | 19 | 41 | 40 | 26 | 28 | 17 | 33 | 15 |
| Tax rate | 28.0% | 15.0% | 23.0% | 30.0% | 23.0% | 34.0% | 25.0% | 33.0% |
| Net profit | 14 | 35 | 31 | 18 | 22 | 11 | 25 | 10 |
| EPS (₹ per share) | 0.08 | 0.20 | 0.18 | 0.10 | 0.12 | 0.06 | 0.14 | 0.06 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,858 | 1,981 | 2,040 | 2,150 |
| Expenses | 1,549 | 1,659 | 1,698 | 1,833 |
| Operating profit | 311 | 323 | 341 | 317 |
| Other income | 138 | 175 | 122 | 105 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 357 | 355 | 336 | 309 |
| Profit before tax | 90 | 142 | 125 | 111 |
| Net profit | 65 | 99 | 93 | 82 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 354 | 354 | 354 | 354 | 354 | 354 |
| Reserves | 3,829 | 3,936 | 4,028 | 4,078 | 4,111 | 4,146 |
| Borrowings | 5 | 20 | 13 | 9 | 9 | 9 |
| Other liabilities | 643 | 654 | 727 | 994 | 708 | 1,053 |
| Total liabilities | 4,831 | 4,963 | 5,122 | 5,435 | 5,182 | 5,562 |
| Fixed assets | 1,632 | 1,540 | 1,415 | 1,332 | 1,257 | 1,182 |
| Capital work in progress | 48 | 28 | 20 | 18 | 14 | 17 |
| Investments | 2,013 | 2,528 | 2,752 | 2,945 | 2,426 | 2,565 |
| Other assets | 1,138 | 868 | 936 | 1,140 | 1,485 | 1,798 |
| Total assets | 4,831 | 4,963 | 5,122 | 5,435 | 5,182 | 5,562 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 467 | 333 | 453 | -405 | 290 | 199 |
| Cash from investing | 530 | -382 | -303 | 274 | -264 | -210 |
| Cash from financing | -2,003 | 0 | 0 | -6 | -8 | -7 |
| Net cash flow | -1,005 | -50 | 150 | -137 | 18 | -18 |
| Free cash flow | 30 | -47 | 62 | -624 | 94 | 25 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 1 | 11 | 28 | 33 | 45 | 43 |
| Cash conversion cycle | 1 | 11 | 28 | 33 | 45 | 43 |
| Working capital days | -75 | -56 | -67 | -63 | -58 | 44 |
| Return on capital employed | 5.0% | 4.0% | 2.0% | 2.0% | 3.0% | 3.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Cable Television Business contributes 71.8% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Cable Television Business 71.8%
₹405.51 crore
- Broadband Business 25.1%
₹141.81 crore
- Dealing in securities 3.1%
₹17.78 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Cable Television Business | 405.51 | 71.8% |
| Broadband Business | 141.81 | 25.1% |
| Dealing in securities | 17.78 | 3.1% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹565.10 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹565.10 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Broadband Business shrank from 30% to 25% of revenue over the last two years.
| Segment | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Cable Television Business | 67% | 67% | 67% | 68% | 71% | 70% | 72% | 72% | +12.1% |
| Broadband Business | 30% | 30% | 29% | 28% | 27% | 27% | 26% | 25% | -3.7% |
| Dealing in securities | 3% | 3% | 3% | 4% | 2% | 3% | 2% | 3% | -16.9% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
What the price assumes
Growth trapTo justify its price of ₹9, this stock must grow earnings at 49% every year for 7 years. Our analysis caps realistic growth at ~8%. At that growth it is worth ₹1 — downside of 87%.
- Growth the price implies
- 48.8% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 8.1% a year
- net profit, FY23–FY26 · EPS 7.5%
- The gap
- 0.4 pp
- -87% downside if it only repeats history
Ownership
Who owns it
Promoters hold 75.00% as of Sept 2026; institutions cut 0.05 pts since Jun 2026.
- Promoters 75.00%
- Foreign institutions 0.32%
- Domestic institutions 0.00%
- Public 24.68%
Who is on the register
Named in the Sep 2026 filing
Every holder of Hathway Cable & Datacom Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 31.10% | unchanged | |
| 12.46% | unchanged | |
| 9.30% | unchanged | |
| 6.86% | unchanged | |
| 6.75% | unchanged | |
| 6.36% | unchanged | |
| 2.16% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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