HATHWAY

Hathway Cable & Datacom share price & financials

Price
₹11.03
Market cap
₹1.8k Cr
Sector
Media, Entertainment & Publication

What Hathway Cable & Datacom Limited does

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
Founded 1959Headquarters Mumbai, Maharashtra Company website

Quarterly results

Q1 FY27: revenue up 6.6%, net profit down 19.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue513 511 513 530 537 +5%537 +5%546 +6%565 +7%
EBITDA86 83 91 88 81 −6%77 −7%71 −22%75 −15%
Net profit26 14 35 31 18 −31%22 +57%11 −69%25 −19%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −31.2% 1Y

₹10.0₹12.0₹14.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹14.87 on 10 Sept 2025 → ₹10.23. High ₹15.08 (19 Sept 2025), low ₹8.87 (30 Mar 2026).

Financials, as filed

Revenue grew 5.0% a year over 3 years, FY23 to FY26. Operating margin narrowed to 14.7%.

Year endingFY23FY24FY25FY26
Revenue₹1.9k Cr₹2.0k Cr₹2.0k Cr₹2.1k Cr
Operating profit₹311 Cr₹323 Cr₹341 Cr₹317 Cr
Operating margin16.7%16.3%16.7%14.7%
Interest₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹357 Cr₹355 Cr₹336 Cr₹309 Cr
Net profit₹65 Cr₹99 Cr₹93 Cr₹82 Cr
Net margin3.5%5.0%4.6%3.8%
Cash from operations₹453 Cr₹-405 Cr₹290 Cr₹199 Cr
Free cash flow₹62 Cr₹-624 Cr₹94 Cr₹25 Cr
ROCE2.0%2.0%3.0%3.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹354 Cr₹354 Cr₹354 Cr₹354 Cr₹354 Cr₹354 Cr
Reserves₹3.6k Cr₹3.8k Cr₹3.8k Cr₹3.9k Cr₹4.1k Cr₹4.1k Cr
Borrowings₹0 Cr₹0 Cr₹5 Cr₹20 Cr₹9 Cr₹9 Cr
Other liabilities₹523 Cr₹495 Cr₹643 Cr₹654 Cr₹994 Cr₹708 Cr
Total liabilities₹4.5k Cr₹4.6k Cr₹4.8k Cr₹5.0k Cr₹5.4k Cr₹5.2k Cr
Fixed assets₹1.6k Cr₹1.6k Cr₹1.6k Cr₹1.5k Cr₹1.3k Cr₹1.3k Cr
Capital work in progress₹82 Cr₹57 Cr₹48 Cr₹28 Cr₹18 Cr₹14 Cr
Investments₹1.8k Cr₹1.9k Cr₹2.0k Cr₹2.5k Cr₹2.9k Cr₹2.4k Cr
Other assets₹1.0k Cr₹1.1k Cr₹1.1k Cr₹868 Cr₹1.1k Cr₹1.5k Cr
Total assets₹4.5k Cr₹4.6k Cr₹4.8k Cr₹5.0k Cr₹5.4k Cr₹5.2k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +0.71 pp while FIIs trimmed −0.64 pp. The shareholder count shrank 7% to 4,77,869.

Promoters
75.0%
FIIs
0.4%
Public
24.6%

Since Jun 2025

  • Public +0.71 pp
  • FIIs −0.64 pp
  • DIIs −0.08 pp

How it drifted, 12 quarters

Over this window the public went from 18.3% to 24.6% — +6.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 6.7%, DIIs 0.0%, Public 18.3%.Dec '23: Promoters 75.0%, FIIs 5.7%, DIIs 0.0%, Public 19.3%.Mar '24: Promoters 75.0%, FIIs 4.7%, DIIs 0.1%, Public 20.3%.Jun '24: Promoters 75.0%, FIIs 4.9%, DIIs 0.1%, Public 20.1%.Sep '24: Promoters 75.0%, FIIs 3.1%, DIIs 0.1%, Public 21.9%.Dec '24: Promoters 75.0%, FIIs 1.8%, DIIs 0.1%, Public 23.1%.Mar '25: Promoters 75.0%, FIIs 0.5%, DIIs 0.1%, Public 24.5%.Jun '25: Promoters 75.0%, FIIs 1.0%, DIIs 0.1%, Public 23.9%.Sep '25: Promoters 75.0%, FIIs 0.8%, Public 24.1%.Dec '25: Promoters 75.0%, FIIs 0.7%, Public 24.3%.Mar '26: Promoters 75.0%, FIIs 0.6%, Public 24.4%.Jun '26: Promoters 75.0%, FIIs 0.4%, Public 24.6%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Hathway Cable & Datacom Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Jio Content Distribution Holdings Private Limited 31.10%unchanged
Jio Internet Distribution Holdings Private Limited 12.46%unchanged
Jio Cable and Broadband Holdings Private Limited 9.30%unchanged
Akshay Rajan Raheja 6.86%unchanged
Viren Rajan Raheja 6.75%unchanged
Hathway Investments Private Limited 6.36%unchanged
Globus Stores Private Limited 2.16%unchanged
Reliance Industries Limited 0.00%unchanged
Reliance Content Distribution Limited 0.00%unchanged
Reliance Industrial Investments and Holdings Limited 0.00%unchanged
Digital Media Distribution Trust through its trustee Reliance Media Transmission Private Limited 0.00%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.

What the price assumes

Growth trap

To justify its price of ₹10, this stock must grow earnings at 37% every year for 7 years. Our analysis caps realistic growth at ~8%. At that growth it is worth ₹2 — downside of 77%.

Growth the price implies
36.8% 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
0.3 pp
-77% downside if it only repeats history
Price today ₹10.23 Value at the reference growth ₹2.31

Change the assumptions yourself →

Learn to analyse Hathway Cable & Datacom Limited

Guides on how to read this kind of business and the numbers that matter.