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About
GTL Infrastructure Ltd (GTLINFRA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532775 NSE: GTLINFRA Telecom-Infrastructure | Small Cap | GTL Infrastructure Share Price
₹1.07 0.01 (0.94%)
As on 09-Oct'26 16:59
GTL Infrastructure Ltd (GTLINFRA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532775 NSE: GTLINFRA Telecom-Infrastructure | Small Cap | GTL Infrastructure Share Price
₹1.07 0.01 (0.94%)
As on 09-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,371 Cr.
Current Price
₹1.1
52-Week Low / High
₹1 / 2
TTM EPS
₹0.8
TTM Sales
₹1,365 Cr.
Book Value per Share
₹-4
P/E Ratio
1.27
Industry PE
24.1
Price to Book (P/B)
-0.27
Higher than its 5-year historical median
Price to Sales (P/S)
1.00
Lower than its 5-year historical median
EV/EBITDA
14.90
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
0.00%
Underperforms industry median
Return on Assets (ROA)
21.52%
Operating Profit Margin
25.7%
Net Profit Margin
56.8%
Gross Profit Margin
-13.3%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
2.08%
Operating Profit Growth (1 Year)
-
11.6%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
3.28%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-17,955 Cr.
Equity
₹12,809.4 Cr.
Face Value
₹10
All Time Low / High
₹0.21 / 106.50
Check Before You Invest
Quality
Somewhat GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is GTL Infrastructure Ltd a good quality company?
GTL Infrastructure Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does GTL Infrastructure Ltd performance compare with that of its Peers?
Revenue growth of GTL Infrastructure Ltd vs industry peers?
GTL Infrastructure Ltd revenue CAGR is -0.54%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of GTL Infrastructure Ltd?
Promoters hold 3.28% of the GTL Infrastructure Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of GTL Infrastructure Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -16.6% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
GTL Infrastructure Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -5% | -14.7% | -13.6% | -21.2% | -15.6% | -34.1% | -499.7% | 0% | 0% | 0% | - |
| Value Creation Index ⓘ | NA | -2.1 | -2.0 | NA | NA | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 2,283 | 2,333 | 1,500 | 1,417 | 1,410 | 1,463 | 1,458 | 1,372 | 1,344 | 1,372 | 1,365 |
| Sales YoY Gr. | - | 2.2% | -35.7% | -5.6% | -0.5% | 3.8% | -0.3% | -5.9% | -2% | 2.1% | - |
| Adj EPS ⓘ | -3.8 | -1.5 | -1.2 | -1.2 | -0.9 | -1.2 | -0.9 | -0.5 | -0.7 | -0 | 0.8 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | -20.6 | 2.7 | 1.4 | -0.2 | -1 | -2.2 | -3.6 | -4 | -4.7 | -4.1 | -4 |
| Adj Net Profit ⓘ | -923 | -1,865 | -1,522 | -1,529 | -1,171 | -1,458 | -1,145 | -667 | -865 | -20.1 | 1,076 |
| Cash Flow from Ops. ⓘ | 1,239 | 705 | 264 | 436 | 419 | 503 | 495 | 194 | 635 | 535 | - |
| Debt/CF from Ops. ⓘ | 8.2 | 7 | 18.6 | 11.3 | 10.4 | 8 | 7.4 | 17.2 | 5 | 10.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -5.5% | -0.5% | -2% | 2.1% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | -16.6% | -8.6% | 1.6% | -29.1% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1859.4 | -127.7 | -62.4 | -207 | 158.2 | 72.3 | 31.4 | 13.9 | 15.7 | 0.4 | -20.8 |
| Op. Profit Mgn % ⓘ | 20.9 | 30.6 | 12.3 | 21.1 | 22 | 29.8 | 24.9 | 17.8 | 19.3 | 25.7 | 33.7 |
| Net Profit Mgn % ⓘ | -40.4 | -79.9 | -101.5 | -107.9 | -83.1 | -99.6 | -78.6 | -48.6 | -64.4 | -1.5 | 78.8 |
| Debt to Equity ⓘ | -2 | 1.5 | 2.9 | -25.6 | -3.4 | -1.5 | -0.8 | -0.7 | -0.5 | -1 | - |
| Working Cap Days ⓘ | 83 | 91 | 118 | 109 | 99 | 106 | 116 | 159 | 153 | 96 | 87 |
| Cash Conv. Cycle ⓘ | 10 | 9 | 19 | 21 | 20 | 19 | 19 | 49 | 46 | 12 | -768 |
Valuation of GTL Infrastructure - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 0.00 | 100.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,283 | 2,333 | 1,500 | 1,417 | 1,410 | 1,463 | 1,458 | 1,372 | 1,344 | 1,372 |
| Operating Expenses ⓘ + | 1,839 | 1,670 | 1,345 | 1,161 | 1,258 | 1,085 | 1,467 | 1,133 | 1,101 | 1,101 |
| Operating Profit ⓘ | 444 | 663 | 155 | 256 | 152 | 378 | -10 | 239 | 243 | 271 |
| Operating Profit Margin (%) | 19.4% | 28.4% | 10.3% | 18.0% | 10.8% | 25.8% | -0.7% | 17.4% | 18.1% | 19.7% |
| Other Income ⓘ + | 574 | 233 | 39 | 27 | 157 | 48 | 65 | 178 | 55 | 110 |
| Interest ⓘ | 1,024 | 570 | 533 | 662 | 663 | 734 | 782 | 805 | 929 | 563 |
| Depreciation ⓘ | 743 | 800 | 624 | 634 | 547 | 503 | 504 | 278 | 244 | 237 |
| Profit Before Tax ⓘ | -1,399 | -1,893 | -1,539 | -1,864 | -1,271 | -1,475 | -1,817 | -681 | -875 | 779 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1,399 | -1,893 | -1,539 | -1,864 | -1,271 | -1,475 | -1,817 | -681 | -875 | 779 |
| PAT Margin (%) | -61.3% | -81.1% | -102.0% | -131.0% | -90.2% | -100.0% | -124.0% | -49.7% | -65.1% | 56.8% |
| Adjusted EPS (₹) | -5.7 | -1.6 | -1.3 | -1.5 | -1.0 | -1.2 | -1.4 | -0.5 | -0.7 | 0.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | -5,070 | 3,211 | 1,671 | -193 | -1,287 | -2,746 | -4,541 | -5,087 | -5,961 | -5,215 | |
| Debt + | 7,749 | 4,596 | 0 | 0 | 3,138 | 2,576 | 1,991 | 1,221 | 535 | 4,746 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 66 | 20 | 20 | 16 | 20 | 30 | 43 | 32 | 25 | 7 | |
| Others Liabilities ⓘ | 8,131 | 926 | 5,875 | 7,607 | 4,576 | 5,694 | 6,777 | 8,040 | 9,518 | 3,587 | |
| Total Liabilities ⓘ | 10,876 | 8,752 | 7,566 | 7,430 | 6,447 | 5,555 | 4,271 | 4,206 | 4,117 | 3,125 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 9,924 | 9,384 | 8,778 | 8,859 | 8,277 | 7,565 | 6,603 | 6,265 | 6,051 | 5,266 | |
| CWIP ⓘ | 84 | 42 | 36 | 31 | 28 | 0 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 60 | 140 | 11 | 60 | 63 | 65 | 69 | 74 | 26 | 0 | |
| Inventories | 1 | 4 | 3 | 3 | 4 | 5 | 4 | 4 | 4 | 3 | |
| Trade Receivables | 143 | 74 | 108 | 79 | 105 | 86 | 131 | 316 | 82 | 41 | |
| Cash Equivalents | 123 | 143 | 234 | 512 | 439 | 490 | 498 | 413 | 830 | 117 | |
| Others Assets ⓘ | 542 | -1,034 | -1,604 | -2,114 | -2,469 | -2,656 | -3,033 | -2,866 | -2,875 | -2,301 | |
| Total Assets ⓘ | 10,876 | 8,752 | 7,566 | 7,430 | 6,447 | 5,555 | 4,271 | 4,206 | 4,117 | 3,125 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 1,239 | 705 | 264 | 436 | 419 | 503 | 495 | 194 | 635 | 535 |
| Cash Flow From Investing Activity ⓘ + | -329 | -228 | 102 | -64 | -40 | -64 | -34 | -12 | 37 | 8 |
| Cash Flow From Financing Activity ⓘ + | -927 | -408 | -438 | -220 | -161 | -387 | -453 | -267 | -255 | -1,256 |
| Net Cash Flow ⓘ | -16 | 69 | -73 | 152 | 218 | 52 | 8 | -85 | 417 | -713 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 0 | -63.08 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | N/A | -14.72 | -13.64 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.28 | 0.24 | 0.18 | 0.19 | 0.2 | 0.24 | 0.3 | 0.32 | 0.32 | 0.38 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.69 |
| Working Capital Days | ||||||||||
| Receivable Days | 18.30 | 17 | 22.10 | 24.10 | 23.90 | 23.90 | 27.20 | 59.50 | 54.10 | 16.30 |
| Inventory Days | 0.10 | 0.30 | 0.80 | 0.70 | 0.80 | 1 | 1.20 | 1.10 | 1.10 | 0.90 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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GTL Infrastructure Ltd FAQs
The current trading price of GTL Infrastructure on 09-Oct-2026 16:59 is ₹1.07.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Oct-2026 the market cap of GTL Infrastructure stood at ₹1,370.6 Cr
The latest P/E ratio of GTL Infrastructure as of 08-Oct-2026 is 1.27.
The latest P/B ratio of GTL Infrastructure as of 08-Oct-2026 is -0.27.
The 52-week high of GTL Infrastructure is ₹1.67 and the 52-week low is ₹0.96.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GTL Infrastructure is ₹1,365 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that GTL Infrastructure Ltd is a average quality company.
The key valuation ratios of GTL Infrastructure Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of GTL Infrastructure Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About GTL Infrastructure Ltd
Incorporated in 2004, GTL Infrastructure is the pioneer in Shared Telecom Infrastructure in
The company, a part of the Global group, is registered with the Department of Telecommunications (DoT) as an Infrastructure Provider in Category I (IP-I). The company builds, owns, operates and maintains passive network infrastructure on a shared basis in order to cater to the rapidly growing infrastructure needs of cellular telecom operators.
It is in the midst of rolling out a Pan India network of 23,700 towers by 2010/11, and is offering the infrastructure to the leading service providers in
By outsourcing their infrastructure requirements to GTL infra, operators are able to save on capex and opex. Passive infrastructure sharing will also allow operators to defer their tower-related capex investments into opex lease rental payments over an extended period of time.
Availability of ready infrastructure from GTL Infra enables the operators to reduce their time to market.
By outsourcing their infrastructure requirements to GTL Infra, operators are able to focus on their core activities of providing quality service, brand building and customer relationship.
GTL Infra serves as a single window one-stop-shop provider of infrastructure and services to telecom operators by undertaking the full range of responsibilities in building and maintaining the sites. Its expertise lies in providing robust passive infrastructure solutions to telecom service providers thus adding value to their service by optimizing cost structure and enhancing reach.
Services:
The company offers world-class passive telecom infrastructure and adds maximum value to the service providers. As the true pioneer in the field, it has deep knowledge of the operators’ needs, aspirations and dynamics of the market. It provides two kinds of solutions:
- Passive Infrastructure Solutions
- In-Building Solutions
Subsidiary:
The company acquired Network Infrastructure assets of GTL consisting of network operating centre and associated equipment and applications for a cash consideration of Rs 214.59 crore in 2006-07.
Milestone:
- 2004 - GTL Infrastructure was incorporated on February 4th, 2004 under the Companies Act, 1956 as GTL Engineering and Managed Network Services. The name of the company was thereafter changed to GTL Infrastructure on February 1st, 2005.
- 2006 - On November 9th 2006, GTL Infrastructure (GTL Infra) got listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) at a market cap of Rs 1,397 crore, becoming the first company in Asia Pacific to get listed in the Shared Telecom Infrastructure space.
- 2007 - In October 2007, the company raised its equity share capital from Rs 336.40 crore to Rs 672.80 crore through the issue of 1:1 rights to its existing shareholders. These rights were issued at par.
- FCCB Issue - The company successfully closed on Unsecured Zero Coupon FCCB issue of Rs. 1,000 crore combined with a green shoe option of Rs 200 crore at yield to maturity (Y-T-M) of 6.9%. The issue received extraordinary response from about 90 global investors with offerings worth more than Rs 4000 crore
- Warrants Issue - The promoters and investors of GTL Infrastructure (GTL Infra), committed fresh investments to the tune of Rs 1,100 crore by investment into warrants.
Awards:
- GTL Infrastructure wins Prestigious ‘Innovative Infrastructure Company Of the Year’ organized by CNBC TV18 and Essar Steel, as a part of the initiative ‘The Infrastructure Excellence Awards 2009’
- Voted as the ‘Best Shared Infrastructure Provider’ in a survey conducted by the Tele.Net magazine, a leading Telecom Industry magazine in
- Receives the top independent infrastructure provider of
Future Plan:
GTL Infrastructure which currently has 7,364 towers in 19 circles is aiming to erect 23,700 towers across
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