ORTEL

Ortel Communications financials

Market cap
₹6 Cr
Sector
Media, Entertainment & Publication

What Ortel Communications Limited does

Ortel is a regional 'direct-to-consumer' cable television and high-speed broadband provider that owns and operates its own two-way HFC (hybrid fibre-coaxial) network under legally secured rights-of-way, rather than working through third-party local cable operators (LCOs) like most Indian MSOs. It earns from analog and digital Cable TV subscriptions and carriage fees, broadband/FTTH internet subscriptions, and by leasing spare dark fibre infrastructure to telecom players and corporates. It also offers value-added services such as HD TV, near-video-on-demand (NVoD), gaming and signal-uplinking, and has grown its subscriber base both organically and through buyouts of local cable operators' networks and subscribers.

Segments

  • Cable TV services
  • Broadband/Data services
  • Infrastructure leasing
  • Carriage fees
  • Other services
Total RGUs (Revenue Generating Units)
397,323
Cable TV customer base
376,329
Broadband subscriber base
20,994
RGUs on own last-mile network
~90%
Dark fibre leased (Infrastructure Leasing business)
1,127.85 kms
Owned HFC cable network length
24,621 kms (as of Sep-2015)
Founded 1995Headquarters Bhubaneswar, OdishaEmployees 1,488 (Q2 FY16) Company website

Quarterly results

Q1 FY22: revenue down 42.4%, net profit down 278.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY20Q3 FY20Q4 FY20Q1 FY21Q2 FY21Q3 FY21Q4 FY21Q1 FY22
Revenue23 21 21 18 19 −18%16 −24%15 −29%10 −42%
EBITDA-3 -1 -2 3 2 +156%-1 +29%-3 −2%-3 −230%
Net profit-9 -7 -9 -2 -5 +43%-6 +8%-8 +3%-9 −278%
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 +28.5% 1Y

₹1.20₹1.40₹1.60₹1.80₹2.00₹2.20Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹1.44 on 5 Sept 2025 → ₹1.85. High ₹2.3 (10 Aug 2026), low ₹1.22 (14 Nov 2025).

Financials, as filed

Revenue fell 21.6% a year over 2 years, FY19 to FY21. Operating margin widened to 1.4%.

Year endingFY19FY20FY21
Revenue₹111 Cr₹86 Cr₹68 Cr
Operating profit₹-6 Cr₹-12 Cr₹1 Cr
Operating margin-5.1%-13.6%1.4%
Interest₹21 Cr₹0 Cr₹0 Cr
Depreciation₹28 Cr₹26 Cr₹26 Cr
Net profit₹-51 Cr₹-35 Cr₹-22 Cr
Net margin-46.3%-40.4%-32.3%
Cash from operations₹27 Cr₹3 Cr₹3 Cr
Free cash flow₹18 Cr₹9 Cr₹8 Cr
ROCE-14.0%-18.0%-13.0%
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 endingFY18FY19FY20FY21
Equity capital₹30 Cr₹33 Cr₹33 Cr₹33 Cr
Reserves₹-10 Cr₹-53 Cr₹-88 Cr₹-110 Cr
Borrowings₹200 Cr₹230 Cr₹230 Cr₹230 Cr
Other liabilities₹250 Cr₹235 Cr₹229 Cr₹214 Cr
Total liabilities₹471 Cr₹445 Cr₹404 Cr₹366 Cr
Fixed assets₹364 Cr₹357 Cr₹331 Cr₹299 Cr
Capital work in progress₹30 Cr₹22 Cr₹15 Cr₹13 Cr
Investments₹2 Cr₹2 Cr₹2 Cr₹2 Cr
Other assets₹75 Cr₹63 Cr₹56 Cr₹53 Cr
Total assets₹471 Cr₹445 Cr₹404 Cr₹366 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 Sep 2021

Since Sep 2020, the public added +1.14 pp while FIIs trimmed −0.82 pp. The shareholder count grew 8% to 3,828.

Promoters
55.4%
FIIs
8.4%
DIIs
0.8%
Government
0.1%
Public
35.0%
Others
0.2%

Since Sep 2020

  • Public +1.14 pp
  • FIIs −0.82 pp
  • Others −0.32 pp

How it drifted, 12 quarters

Over this window the public went from 20.3% to 35.0% — +14.6 pp.

Dec '18Mar '20Sep '21

Ownership split by quarter, oldest first. Dec '18: Promoters 55.4%, FIIs 9.2%, DIIs 14.2%, Government 0.1%, Public 20.3%, Others 0.6%.Mar '19: Promoters 55.4%, FIIs 9.2%, DIIs 14.2%, Government 0.1%, Public 20.3%, Others 0.6%.Jun '19: Promoters 55.4%, FIIs 9.2%, DIIs 13.0%, Government 0.1%, Public 21.5%, Others 0.6%.Sep '19: Promoters 55.4%, FIIs 9.2%, DIIs 11.0%, Government 0.1%, Public 23.7%, Others 0.5%.Dec '19: Promoters 55.4%, FIIs 9.2%, DIIs 0.8%, Government 0.1%, Public 33.8%, Others 0.5%.Mar '20: Promoters 55.4%, FIIs 9.2%, DIIs 0.8%, Government 0.1%, Public 33.8%, Others 0.5%.Jun '20: Promoters 55.4%, FIIs 9.2%, DIIs 0.8%, Government 0.1%, Public 33.8%, Others 0.5%.Sep '20: Promoters 55.4%, FIIs 9.2%, DIIs 0.8%, Government 0.1%, Public 33.8%, Others 0.5%.Dec '20: Promoters 55.4%, FIIs 9.2%, DIIs 0.8%, Government 0.1%, Public 34.0%, Others 0.4%.Mar '21: Promoters 55.4%, FIIs 8.4%, DIIs 0.8%, Government 0.1%, Public 35.0%, Others 0.2%.Jun '21: Promoters 55.4%, FIIs 8.4%, DIIs 0.8%, Government 0.1%, Public 35.0%, Others 0.2%.Sep '21: Promoters 55.4%, FIIs 8.4%, DIIs 0.8%, Government 0.1%, Public 35.0%, Others 0.2%.

Who was buying across the market this quarter →

Who is on the register

Named in the Sep 2021 filing

Every holder of Ortel Communications Limited above SEBI's 1% disclosure line, and what changed since Jun 2021.

HolderStakeChange
Metro Skynet Ltd 14.74%unchanged
Panda Investments Pvt Ltd 14.06%unchanged
Odisha Television Limited 11.29%unchanged
Bp Developers Private Ltd 10.75%unchanged
Elizabeth Mathew 4.36%unchanged
Acacia Partners, Lp FPI fund2.91%unchanged
Acacia Institutional Partners, Lp FPI fund2.55%unchanged
Acacia Conservation Fund Lp FPI fund1.82%unchanged
Baijayant Panda 1.76%unchanged
Gautami Rahul Desai 1.27%unchanged
Siddharth Kishorchandra Desai 1.27%unchanged
Jagi Mangat Panda 0.94%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.

Learn to analyse Ortel Communications Limited

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