Hathway Cable & Datacom Ltd (Entertainment & Media) — fundamental analysis, earnings data, and key metrics. PE: 15.5. ROE: 2.2%. This stock is not currently in the Nifty 500 momentum outperformers list.
Deep value thesis based on recent earnings • Updated Feb 22, 2026
Hathway is transitioning from cable TV to broadband with improving margins and debt reduction, with DOT demand resolution as key catalyst for re-rating.
Verdict
TURNAROUND_IN_PROGRESS
Re-rating catalysts over the next 2-4 quarters • Updated Feb 22, 2026
Settlement of ₹3,201 crore license fee dispute could unlock ₹1,200+ crore in value.
Impact: +₹1200 Cr revenue
“DOT demand notice of ₹3,201.93 crore mentioned in Q3 results; company contesting the demand”
Monetization of 5.95 million Homepass connections (75% FTTX-ready) could drive 20%+ broadband revenue growth.
Impact: +₹286.6 Cr revenue
“Homepass at 5.95 Mn as of Dec 2025, 75% available for FTTX conversion per GTPL Hathway report”
Targeting sub-0.5x D/E ratio by FY27 end, potentially triggering investment grade rating.
“D/E improved from 1.15x to 0.85x in recent quarters through consistent deleveraging”
Risks that could prevent re-rating or deepen the value trap
No settlement by Q4 FY27
Impact: -300 bps margin impact
Management view: Company is contesting the DOT demand notice and believes it has strong legal position
Monitor: Updates on DOT demand resolution timeline
Cable TV revenue decline exceeds 5% YoY
Impact: -400 bps margin impact
Management view: Company is focusing on bundling services to retain cable TV subscribers
Monitor: Cable TV subscriber count and revenue trends
CFO negative for 2 consecutive quarters
Impact: -200 bps margin impact
Management view: Company is optimizing marketing spend and focusing on retention
Monitor: Operating cash flow and subscriber acquisition cost metrics
Forward-looking targets from management for FY27
Revenue Growth Target
6.5%
Implied PAT Growth
25%
OPM Guidance
14.5%
Capex Plan
₹350 Cr
Credit Growth Target
0%
NIM Guidance
0%
Key Milestones
• DOT demand resolution by Q2 FY27
• Broadband ARPU increase to ₹150 by FY27
• D/E ratio below 0.5x by FY27 end
The above analysis is AI-generated from publicly available financial data. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Hathway Cable & Datacom Ltd's latest quarterly results (Dec 2025) show
Hathway Cable & Datacom Ltd's current PE ratio is 15.5x.
Hathway Cable & Datacom Ltd's price-to-book ratio is 0.4x.
Hathway Cable & Datacom Ltd's fundamental strength based on key financial ratios
Hathway Cable & Datacom Ltd has a debt-to-equity ratio of N/A.
Hathway Cable & Datacom Ltd's return ratios over recent years
Hathway Cable & Datacom Ltd's operating cash flow is positive (FY2025).
Hathway Cable & Datacom Ltd currently does not pay a significant dividend (yield 0.00%).
Hathway Cable & Datacom Ltd's shareholding pattern (Dec 2025)
Hathway Cable & Datacom Ltd's promoter holding has remained stable recently.
Hathway Cable & Datacom Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Hathway Cable & Datacom Ltd has 3 key growth catalysts identified from recent earnings analysis
Hathway Cable & Datacom Ltd has 3 key risks worth monitoring
Hathway Cable & Datacom Ltd's management has provided the following forward guidance for FY27
Based on quantitative research signals, here is why Hathway Cable & Datacom Ltd may be worth studying
Hathway Cable & Datacom Ltd investment thesis summary:
Hathway Cable & Datacom Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
