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GTL Ltd (GTL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500160 NSE: GTL Telecommunication - Service Provider | Small Cap | GTL Share Price

₹6.64 -0.11 (-1.63%)

As on 09-Oct'26 16:59

GTL Ltd (GTL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500160 NSE: GTL Telecommunication - Service Provider | Small Cap | GTL Share Price

₹6.64 -0.11 (-1.63%)

As on 09-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹104 Cr.
Current Price
₹6.6
52-Week Low / High
₹5 / 10
TTM EPS
₹56.5
TTM Sales
₹229 Cr.
Book Value per Share
₹-325.8
P/E Ratio
0.12
Lower than its 5-year historical median
Industry PE
23.6
Price to Book (P/B)
-0.02
In line with its 5-year historical median
Price to Sales (P/S)
0.46
Lower than its 5-year historical median
EV/EBITDA
-92.14
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)
490.31%
Operating Profit Margin
39.6%
Net Profit Margin
259.62%
Gross Profit Margin
-24.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-11.62%
Operating Profit Growth (1 Year)
-
-134.61%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
14.29%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-5,281 Cr.
Equity
₹157.3 Cr.
Face Value
₹10
All Time Low / High
₹0.99 / 3550.00

GTL stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is GTL Ltd a good quality company?
GTL 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 Ltd performance compare with that of its Peers?
Q.1 Revenue growth of GTL Ltd vs industry peers?
GTL Ltd revenue CAGR is 0.31%, compared to the industry median CAGR of 0.16%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of GTL Ltd?
Promoters hold 14.29% of the GTL Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of GTL Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -10.4% 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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ0%0%0%0%0%0%0%0%0%0%-
Value Creation
Index ⓘ
NANANANANANANANANANA-

Growth Parameters ⓘ

Sales ⓘ1,221995219215221194186202254224229
Sales YoY Gr.--18.5%-78%-1.7%2.6%-12.4%-3.7%8.3%25.7%-11.6%-
Adj EPS ⓘ-40.9-55.2-5.6-5.33.427.336.40.814.856.5
YoY Gr.-NANANANA703.8%-89.1%114.7%-86.9%1663.1%-
BVPS (₹) ⓘ-234.3-401.3-416.8-431.5-427.3-399.8-396.2-382.8-383.3-346.2-325.8
Adj Net
Profit ⓘ
-643-868-87.8-83.653.54304710113.2233889
Cash Flow from Ops. ⓘ10112891.110263.528.718.1175198166-
Debt/CF from Ops. ⓘ1.31.11.71.780160.125224.220.821.6-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-17.2%0.3%6.4%-11.6%
Adj EPS ⓘNA34.2%70.5%1663.1%
BVPSⓘNANANANA
Share Price -10.4% -15% -6.3% -29.1%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
19.117.41.41.3-0.8-6.6-0.8-1.7-0.2-4.1-16.8
Op. Profit
Mgn % ⓘ
-6.1-8.8-8.7-4.125.920.3363837.939.633.8
Net Profit
Mgn % ⓘ
-52.7-87.2-40.1-38.824.2222.125.2505.2103.8388.9
Debt to
Equity ⓘ
-0-0-0-0-0.8-0.7-0.7-0.7-0.7-0.7-
Working Cap
Days ⓘ
30919276739018532132117214398
Cash Conv.
Cycle ⓘ
-2-9-92-95-42-141213-5-22-4,303

Valuation of GTL - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *97.8697.8697.8697.8697.860.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,221995219215221194186202254224
Operating Expenses ⓘ + 1,2951,085462434164189205141190247
Manufacturing Costs4321552264
Material Costs89278010971574825232615
Employee Cost 1401517273706665758284
Other Costs ⓘ 26015028028932701134277143
Operating Profit ⓘ -74-90-243-219575-196064-22
Operating Profit Margin (%) -6.1%-9.0%-111.0%-101.0%25.9%2.4%-10.1%29.9%25.2%-9.9%
Other Income ⓘ + 3410201235561172
Exceptional Items ⓘ 0-2,5120004501001732610
Interest ⓘ 547191719212326293436
Depreciation ⓘ 4717555445127
Profit Before Tax ⓘ -635-2,628-245-231674325721127547
Tax ⓘ -5-000000035-35
Profit After Tax -630-2,628-245-2316743257211-8583
PAT Margin (%) -51.6%-264.0%-111.0%-107.0%30.4%223.2%30.7%104.4%-3.3%259.6%
Adjusted EPS (₹)-40.0-167.0-15.6-14.74.327.53.613.4-0.537.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + -3,685-6,312-6,557-6,788-6,721-6,289-6,232-6,021-6,029-5,446
Share Capital ⓘ 157.30157.30157.30157.30157.30157.30157.30157.30157.30157.30
Reserves ⓘ -3,842-6,469-6,714-6,945-6,878-6,446-6,389-6,179-6,187-5,603
Debt +1271411571745,0764,5984,5564,2464,1103,595
Long Term Debt127141157174194215239266295328
Short Term Debt00004,8824,3834,3173,9803,8153,267
Minority Interest0000000000
Trade Payables118385821111111111110
Others Liabilities ⓘ 6,7596,6256,6526,8571,8311,8981,9231,9702,0141,973
Total Liabilities ⓘ 3,320492310265197219258205105132

Fixed Assets

Net Fixed Assets ⓘ +96807979737151301616
Gross Block24124324725124925123320219131
Accumulated Depreciation14616316817217618018217217515
CWIP ⓘ 0000000000
Investments ⓘ 2,126340184515100000
Inventories6000000000
Trade Receivables1001000203321150
Cash Equivalents 1012088781113151119
Others Assets ⓘ 890513947651171611396497
Total Assets ⓘ 3,320492310265197219258205105132
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 10112891102632918175198166
PBT ⓘ -636-2,628-245-23167-18-433827547
Adjustment ⓘ 7772,663262225-7981127876-408
Changes in Working Capital ⓘ -3483741137-59-525410133
Tax Paid ⓘ -79-0-5-4816-5-6
Cash Flow From Investing Activity ⓘ + 7000-1463119180-7-2
Capex -2-2-0-1-2-1118178-12-5
Net Investments 000004630000
Others ⓘ 9211111252
Cash Flow From Financing Activity ⓘ + -79-209-102-103-64-492-134-355-191-161
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -16-126-103-21-141-525-135-350-191-151
Interest Paid ⓘ -2-1-1-1-1-0-1-0-2-1
Dividend Paid ⓘ 0000000000
Others ⓘ -61-811-8277342-42-9
Net Cash Flow ⓘ 28-80-11-1-1-03003
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.360.520.550.750.960.930.780.871.631.89
PAT to CFO Conversion(x)N/AN/AN/AN/A0.940.070.320.83N/A0.28
Working Capital Days
Receivable Days35.7018.500.7000.1018.6051.6049.3026.100
Inventory Days1.80000000000
Payable Days47.6035.40160.50202.90102.8084.70159.50174.50152.80257.30

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GTL Ltd FAQs

The current trading price of GTL on 09-Oct-2026 16:59 is ₹6.64.

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 stood at ₹104.5 Cr

The latest P/E ratio of GTL as of 08-Oct-2026 is 0.12.

The latest P/B ratio of GTL as of 08-Oct-2026 is -0.02.

The 52-week high of GTL is ₹9.50 and the 52-week low is ₹4.85.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GTL is ₹229 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that GTL Ltd is a average quality company.

The key valuation ratios of GTL Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of GTL Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About GTL Ltd

GTL is a leading Network Services company, offering services and solutions to address the Network Life Cycle requirements of Telecom Operators, Technology providers (OEM’s) and Tower Companies.

Business area of the company

It is a Network Services Company, offering services and solutions to address the Network Life Cycle requirements of Telecom Operators and Tower Companies. Currently it has GTL Infrastructure Limited (GIL), an IP 1 License Category Tower Company as its Customer.

The company’s network services portfolio includes:

Network Operations and Maintenance

  • GTL provides network operations and maintenance services that deliver assured Network uptime and availability to its customer. These services include:
  • Corrective and preventive maintenance of the network
  • Capex sizing and planning services
  • Remote monitoring and trouble ticketing
  • Technical support and process management

Energy Management

Telecom Networks require uninterrupted access to power for seamless operation. Management of Energy (Power and Fuel) plays an important role to ensure reliable network operations at optimum costs. The company’s Energy Management Solutions provide high availability of power to telecom sites efficiently. They are delivered through:

  • Technical audit for optimum power consumption
  • Monitoring utilization of sources of energy and plugging leakage thereof
  • Driving modernization with energy efficient equipment
  • Integrating non-traditional or alternate sources of energy with reduced CO2 footprint.

Milestones

  • 1985 - 1987: A partnership firm - GTL Telecom established.
  • 1985 - 1987: A Private Limited Company, GTL Tele-Systems Pvt. Ltd. incorporated.
  • 1988 - 1989: Introduces products like single line push button phones, servicing of telecom products, distribution of Apple Computers and Desktop Publishing Systems.
  • 1988 - 1989: Sets up a new customer services division- GTL Care.
  • 1990: GTL plans a nationwide distribution network. Sets up 3 offices.
  • 1991: First major international tie-up with Murata, Japan.
  • 1991: GTL commences Networking and Engineering Services division.
  • 1992: GTL goes public with an Initial Public Offer (IPO) issue of Rs 1.80 crore which was oversubscribed by 53.17 times.
  • 1992: Makes application to Department of Telecommunications (DoT) for providing data related services.
  • 1993: GTL adds interactive Response system, Instant Voice Access System, Message Switching and starts turnkey execution of projects for Voice and Data Networks and projects on wireless networks.
  • 1993: GTL sets up a group company, GTL Electronic Commerce Services Ltd. (GECS) to provide Value Added Services and obtains Licence from DoT for data related services.
  • 1994: GTL adds to its networking portfolio Fibre Optics and V-SAT networks for transmission of voice, data and multimedia communication.
  • 1994: GTL raises Rs 5.97 crore through a Rights issue of secured FCDs & Rs 11.58 crores through a Public issue, which was oversubscribed by 42 times. Promoters subscribe to 49.22% of the issue.
  • 1995: GTL completes commissioning of the largest private nationwide data network in India covering nine cities at a cost of over Rs 100 crore.
  • 1995: Turnover crosses the Rs 200 crore mark and Services network expands to 26 locations in India.
  • 1996: First Indian Telecom / Software Company to successfully issue Foreign Currency Convertible Bonds aggregating to SFr 60 million (approx. $50 million) in Swiss financial market.
  • 1996: GTL commences Data network services such as Enhanced Fax, Electronic Messaging and E-Commerce through EDI technology (GECS).
  • 1997: GTL enters into a JV with Broadsystem Multimedia, Australia, to start a Call Management Company in India.
  • 1998: Corporate Governance initiatives begin. A separate Corporate Governance Task Force formed.
  • 1998: GTL revamps its corporate strategy, migrating to largely services oriented businesses.
  • 1998: Starts planned exit of select product businesses.
  • 1999: Company Secretariat & Investor Service Centre Human Resource Management and GTL Care Division-obtain ISO 9002 certification.
  • 1999: Company sets up an Oracle Competence centre.
  • 1999: Sets up Nortel CISCO Labs.
  • 2000: New B2B service applications developed - GTL E-enterprise - an Enterprise Resources Planning (ERP) package for small and medium enterprises.
  • 2000: GTL moves out of its Subscriber End Terminal Division.
  • 2001: GTL merges group company - GECS and acquires two software Companies, Fine Infotech Limited (FIL) and Thermax Systems & Software Limited (TSSL).
  • 2001: Fully commissions 1,000 seat Call centre spread over 1,20,000 sq. ft. area in Navi Mumbai.
  • 2001: Sets up 51% subsidiary, GTL E-Secure Ltd., focused on Security Solutions for enterprises.
  • 2001: Company name changed to 'GTL Limited'. GTL ranked amongst ‘Best 200 Small firms’ by Forbes Magazine.
  • 2002: GTL enhances international presence with over 100 employees and 11 offices.
  • 2002: Assessed at SEI-CMM Level 4 for Enterprise Solutions - Software Development.
  • 2002: GTL’s Call Centre division ranked third in the ITES sector by NASSCOM.
  • 2003: GTL wins Golden Peacock National Quality.
  • 2003: IGTL's subsidiary, IGTL Saudi Arabia Limited, to execute the Saudi Telecom Project.
  • 2003: 16 critical processes of the company have been undertaken as projects under Six Sigma Initiatives.
  • 2005: “Nortel N power Partner of the Year 2005” Award from Nortel Networks.
  • 2005: “Most Significant Competition Breakthrough 2005” Award from Nortel Networks.
  • 2005: “Best Process Compliance Year 2005” Award from Nortel Networks.
  • 2006: Acquisition of UK Based Genesis Consultancy.
  • 2006: Listing of GTL Infrastructure Limited, a spin off from GTL as part of the restructuring process.
  • 2006: Opens office in Thailand.
  • 2006: Bags first project in Africa.
  • 2006: Bags BSR Award for Corporate Governance - Business for Social Responsibility.
  • 2006: President’s award to Mr. Charudutta Jadhav, a visually impaired GTL employee.
  • 2006: APAC Partner of the Year 2006” Award for Oracle E-Business Suite Special Edition.
  • 2006: The Best On time Renewal Partner in the Year 2006 Award from Oracle Support Services.
  • 2007: GTL hives off Enterprise Networks and Managed Services business to Orange Business Services, an arm of France Telecom.
  • 2007: GTL wins the prestigious Golden Peacock Global Award for Corporate Governance.
  • 2007: GTL enters into a strategic alliance with Ericsson UK, to offer Managed Network Infrastructure Services to customers in UK and Ireland.
  • 2007: GTL International, a 100% international subsidiary of GTL, acquires SCS, a Network Deployment Company in USA.
  • 2007: GTL successfully completes the buyback of shares.
  • 2007: GTL International, a 100% international subsidiary of GTL, acquires ADA Cellworks, the leading Network Planning and Optimization player in Asia Pac.
  • 2008: GTL Wins Golden Peacock National Training Award 2008.
  • 2008: GTL receives the prestigious Greentech Environment Excellence Silver Award 2008.
  • 2008: GTL forms Strategic Alliance with Vanu Inc to Conduct Shared Active Infrastructure Field Trials in India.
  • 2008: GTL wins Outstanding Contributor to Corporate Responsibility Award from Nokia-Siemens.
  • 2008: GTL becomes No. 1 Telecom Turnkey Company of the year in V&D 100 Survey.
  • 2009: GTL features amongst top 10 companies in the S&P ESG Index 2009.
  • 2009: GTL wins the 'Performance Excellence' Trophy from IMC Ramkrishna Bajaj National Quality Award.
  • 2009: GTL entered into a “Global Supplier Co-operation Agreement” with Huawei for worldwide co-operation in Network Services.
  • 2009: GTL extends its capabilities to serve power utilities, bags Rs 324 crore order from Maharashtra State Electricity Distribution Co Ltd (MSEDCL).
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