GTL Infrastructure (GTLINFRA) had a P/E of 1.3× on 6 Nov 2026, below the industry P/E of 40.6×, and the shares are 35% below their 52-week high. Sales fell 2.0% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹5,898 Cr. It is a small-cap company with a market cap of ₹1,383 Cr, ranked 12th of 24 Communication Equipment companies by market cap; the shares fell 23% over the past year.
- ₹1.13
- ₹1.14
- ₹1.06
- ₹1.11
- 4.6 Cr
Health check
- ReturnsBehind
−22.9% over a year, better than 1 of 7 peers.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- GrowthShrinking
Sales −2.0% a year over 3 years.
- ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
- Balance sheetStretched
Negative net worth: liabilities exceed assets.
- Red flags5 to check
Negative net worth: liabilities exceed assets.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,383 Cr
- Small cap
- P/E
- 1.3
- Industry 40.6
- Price to book
- −0.27
- Peers 8.15
- Dividend yield
- 0.00%
- ROE
- n/a
- Peers 16.6%
- ROCE
- n/a
- Peers 10.8%
- Debt to equity
- n/a
- Debt ₹5,898 Cr
- EPS (TTM)
- ₹0.82
- Face value ₹10
- OPM (TTM)
- 29.3%
- Net margin 79.2%
- Sales growth
- −2.2%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 1.01
- EV/EBITDA 16.8
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Negative net worth: liabilities exceed assets.
- Quarterly sales down 2.2% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 35% below its 52-week high.
- Interest coverage of only 0.8×.
About GTL Infrastructure
GTL Infrastructure Limited, an independent and neutral telecom tower company, owns, builds, operates, and maintains telecom towers and related infrastructure, supporting multiple technologies including 2G, 3G, 4G, 5G, IoT, and enterprise data systems primarily in India. It provides telecom towers on a shared basis for telecommunications service providers to host their active network components; and delivers uninterrupted power on towers. The company was…
- Headquarters
- Mumbai
- Employees
- 646
- Sector
- Technology
- ISIN
- INE221H01019
- Website
- gtlinfra.com
Price range
- Avg volume (3M)
- 3.2 Cr
- 1-year return
- minus 22.9%
- From 52-week high
- minus 35.3%
Peers · Communication Equipment
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| STLTECHSterlite Technologies | 719.90 | minus 5.00% | 37,018 | 52.4 | 65.8 | 8.0% | 22.0% | 0.22 | −11.8% | plus 530.2% |
| HFCLHFCL | 210.66 | minus 5.00% | 32,237 | 36.8 | 42.9 | 10.8% | 21.2% | 0.34 | 1.3% | plus 188.1% |
| ITIITI | 248.85 | minus 0.58% | 23,961 | 135.2 | 350.1 | 14.4% | −4.0% | 0.40 | 16.1% | minus 22.6% |
| ASTRAMICROAstra Microwave Products | 1,557.80 | minus 0.01% | 14,791 | 78.4 | 44.6 | 20.8% | 28.6% | 0.22 | 12.6% | plus 47.1% |
| TEJASNETTejas Networks | 417.20 | minus 1.59% | 7,422 | – | – | −29.5% | −23.2% | 1.97 | 6.1% | minus 21.7% |
| AVANTELAvantel | 138.69 | minus 1.24% | 3,686 | 190.0 | 76.9 | 8.2% | 24.7% | 0.31 | 12.9% | minus 16.3% |
| PACEDIGITKPace Digitek | 158.13 | minus 1.62% | 3,413 | 9.8 | 8.5 | 16.1% | 16.3% | 0.57 | 73.8% | minus 26.6% |
| GTLINFRAGTL Infrastructure | 1.08 | minus 2.70% | 1,383 | 1.3 | 17.3 | – | 29.3% | – | −2.0% | minus 22.9% |
| Median of 7 peers | – | −1.59% | 14,791 | 65.4 | 55.2 | 10.8% | 21.2% | 0.34 | 12.6% | −16.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 335 | 356 | 351 | 330 | 327 | |
| 238 | 245 | 255 | 239 | 226 | |
| 97 | 112 | 95.9 | 91.8 | 101 | |
| 29.0% | 31.3% | 27.4% | 27.8% | 30.9% | |
| −3.2 | −2.7 | 7.6 | −23.9 | 7 | |
| 253 | 265 | 25.9 | 22.3 | 22.8 | |
| 64.1 | 60.3 | 57.3 | 55.2 | 55.7 | |
| −8.8 | 23.2 | −0.8 | 1,195 | 39.7 | |
| −232 | −193 | 19.6 | 1,186 | 69.4 | |
| −232 | −193 | 19.6 | 1,186 | 69.4 | |
| -0.18 | -0.15 | 0.01 | 0.91 | 0.05 |
Profit & loss
- Sales CAGR 3Y
- −2.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,458 | 1,372 | 1,344 | 1,372 | |
| – | minus 5.9% | minus 2.0% | +2.1% | |
| 1,057 | 1,001 | 1,052 | 957 | |
| 401 | 371 | 292 | 415 | |
| 27.5% | 27.0% | 21.8% | 30.3% | |
| −35.4 | 1.9 | −1.5 | −64.1 | |
| 762 | 801 | 920 | 551 | |
| 504 | 278 | 244 | 237 | |
| −916 | 24.5 | −1.8 | 1,216 | |
| −1,817 | −681 | −875 | 779 | |
| −1,817 | −681 | −875 | 779 | |
| -1.41 | -0.52 | -0.67 | 0.60 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12,671 | 12,807 | 12,809 | 12,809 | |
| −17,212 | −17,894 | −18,770 | −18,024 | |
| 4,281 | 3,901 | 3,715 | 5,898 | |
| 4,531 | 5,392 | 6,363 | 2,442 | |
| 4,271 | 4,206 | 4,117 | 3,125 | |
| 3,190 | 2,977 | 2,816 | 2,667 | |
| 1.1 | – | – | – | |
| 1.1 | 1.2 | 1.6 | 1.3 | |
| 429 | 353 | 855 | 116 | |
| 649 | 876 | 445 | 340 | |
| 4,271 | 4,206 | 4,117 | 3,125 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 495 | 194 | 635 | 535 | |
| −34.1 | −12.5 | 37.3 | 7.5 | |
| −453 | −267 | −255 | −1,256 | |
| 7.6 | −84.7 | 417 | −713 | |
| −66.2 | −33.8 | −50.8 | −61.7 | |
| 428 | 161 | 585 | 474 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 2.8% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.