NSE: HATHWAY · BSE: 533162 · ISIN INE982F01036
Hathway Cable & Datacom Limited stock analysis
Hathway Cable & Datacom Limited ranks #3909 in the TickerSutra evidence-ranked universe with a score of 37/100 and 95% data confidence. The latest captured fundamentals show ROCE of 2.6%, quarterly sales growth of 6.5% and quarterly profit growth of -21.0%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,793cr | ₹403cr | ₹130cr | 22.0% |
| 2023 | ₹1,858cr | ₹320cr | ₹65cr | 17.0% |
| 2024 | ₹1,981cr | ₹333cr | ₹99cr | 17.0% |
| 2025 | ₹2,040cr | ₹345cr | ₹93cr | 17.0% |
| 2026 | ₹2,150cr | ₹327cr | ₹82cr | 15.0% |
| TTM | ₹2,184cr | ₹304cr | ₹76cr | 14.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
• Competitive pricing limits ARPU expansion. 41 Annual Report 2025-26 03 Statutory Reports 88 Financial Statements Cable: • Scale and market leadership: Hathway remains one of the market leaders amongst Multi-System Operators, defending its spot with a subscriber base of roughly 4.63 mn while rivals face subscribers attrition. • Enhanced system and technical capabilities based on JIO fibre backend support to meet cus
• Legacy footprint in certain markets requires accelerated fibre expansion. • Competitive pricing limits ARPU expansion. 41 Annual Report 2025-26 03 Statutory Reports 88 Financial Statements Cable: • Scale and market leadership: Hathway remains one of the market leaders amongst Multi-System Operators, defending its spot with a subscriber base of roughly 4.63 mn while rivals face subscribers attrition.
Subscriber numbers continued to decline, highlighting mounting pressure on the traditional distribution ecosystem. During the financial year 2025-26, the Indian cable television sector continued to navigate a complex and evolving regulatory environment. The ongoing proliferation of Over-the-Top (OTT) streaming platforms, combined with changing consumer preferences, has sustained structural headwinds on the traditiona
Urban internet subscriptions comprised 58% of all internet subscriptions. Price increases can have several implications, such as • subscriptions with low utilization being deactivated, • slower growth in internet reach, and • increase in television reach and time spent. Online consumption increased India’s low data prices are the key reason for growing telecom internet user base, and consequently, the growth being wi
This is based upon forecasted taxable income and the periods when the deferred tax assets can be utilized. The forecasts were evaluated by us considering the performance of the Group and related business plans approved by the management. Such evaluation, included obtaining an understanding of management’s planned strategies around business expansion, revenue stream growth strategies.
Members attending the AGM through VC / OAVM shall be reckoned for the purpose of quorum under Section 103 of the Act. Members of the Company under the category of 'Institutional Investors' are encouraged to attend and vote at the AGM. PROCEDURE FOR ‘REMOTE E-VOTING' AND E-VOTING AT THE AGM ('INSTA POLL'): 19.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…