---
title: "GTL Ltd (GTL) — Share Price, Financials & Analysis"
symbol: "GTL"
company: "GTL Ltd"
canonical: "https://tapetide.com/stocks/GTL"
isin: "INE043A01012"
nse_symbol: "GTL"
bse_code: "500160"
sector: "Telecom"
industry: "Telecom Services"
market_cap_cr: 112.94
generated_at: "2026-09-13T20:03:06.657Z"
---

# GTL Ltd (GTL)

Canonical page: https://tapetide.com/stocks/GTL

## Company

- **NSE Symbol:** GTL
- **BSE Code:** 500160
- **ISIN:** INE043A01012
- **Sector:** Telecom
- **Industry:** Telecom Services
- **Macro Sector:** Telecommunication
- **Stock Type:** EQUITY
- **Listed Since:** 1995-03-29
- **CEO:** Mr. Sunil Sadanand Valavalkar
- **Employees:** 1544
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** gtllimited.com

## About

Incorporated in 1987, GTL Ltd is in the 
business of providing telecom network 
services[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:44:26.843236Z.

- **Market Cap:** ₹112.94 Cr
- **Classification:** Microcap
- **P/E (reported):** 0.1
- **EPS (TTM):** ₹56.52
- **Book Value:** ₹-346.23
- **Price to Book:** -0.02
- **Dividend Yield:** 0%
- **ROE:** -0.9%
- **ROCE:** -1.21%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹256 Cr
- **Net Income:** ₹67.2 Cr
- **EBITDA:** ₹92.6 Cr
- **52-Week High:** ₹11.26
- **52-Week Low:** ₹4.91
- **RSI (14):** 46.63

## Tapetide Score

- **Score:** 46 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Flat
- **Percentile:** 31.9 (of 4473 scored stocks)
- **Confidence:** 93%
- **Data coverage:** 86%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 50 | 9% |
| growth | 26.66 | 9% |
| momentum | 52.17 | 12% |
| ownership | 58.58 | 24% |
| quality | 47.84 | 22% |
| valuation | 79.16 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 0.31% over past five years.
- Promoter holding is low: 14.3%
- Contingent liabilities of Rs.7,680 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -23.3% | -31.36% | -16.73% |
| ebitda margin growth | 26.35% | -139.85% | -138.62% | 575.89% |
| net income growth | 26.85% | -129.15% | 11% | -112.87% |
| revenue growth | 23.94% | 12.43% | 6% | 0% |
| roce | 26.42% | -142.01% | -138.41% | 3.48% |
| roe | 26.84% | -129.32% | 1.83% | -110.29% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 47 | 43 | 66 | 63 | 70 | 51 | 70 | 56 | 55 | 55 | 58 | 60 |
| Expenses | 41 | 34 | 31 | 34 | 44 | 77 | 35 | 40 | 78 | 47 | 84 | 62 |
| Operating Profit | 5 | 10 | 35 | 30 | 26 | -26 | 35 | 16 | -23 | 8 | -25 | -2 |
| OPM % | 11 | 22 | 53 | 47 | 37 | -51 | 50 | 28 | -41 | 15 | -44 | -3.2 |
| Other Income | 69 | 3 | 111 | 1 | 5 | 0 | 2 | 14 | -10 | 0 | 610 | 335 |
| Interest | 7 | 7 | 8 | 8 | 9 | 9 | 8 | 9 | 8 | 9 | 9 | 9 |
| Depreciation | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 1 |
| Profit before tax | 66 | 4 | 136 | 19 | 19 | -37 | 26 | 19 | -43 | -3 | 574 | 322 |
| Tax % | 0 | 0 | 0 | 33 | 51 | 12 | 57 | 17 | -8 | 0 | -6 | 0 |
| Net Profit | 66 | 4 | 136 | 13 | 9 | -42 | 11 | 16 | -39 | -3 | 609 | 322 |
| EPS in Rs | 4.19 | 0.24 | 8.66 | 0.82 | 0.59 | -2.66 | 0.71 | 0.99 | -2.51 | -0.17 | 38.72 | 20.48 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 995 | 219 | 215 | 221 | 194 | 186 | 202 | 254 | 224 | 229 |
| Expenses | 1085 | 462 | 434 | 163 | 187 | 205 | 141 | 189 | 246 | 271 |
| Operating Profit | -90 | -243 | -219 | 58 | 7 | -19 | 60 | 64 | -22 | -42 |
| OPM % | -9 | -111 | -102 | 26 | 3.5 | -10 | 30 | 25 | -10 | -18 |
| Other Income | -2502 | 20 | 12 | 35 | 452 | 106 | 184 | 8 | 613 | 936 |
| Interest | 19 | 17 | 19 | 21 | 23 | 26 | 29 | 34 | 36 | 36 |
| Depreciation | 17 | 5 | 5 | 5 | 4 | 4 | 5 | 12 | 7 | 7 |
| Profit before tax | -2628 | -245 | -231 | 67 | 432 | 57 | 211 | 27 | 547 | 850 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 131 | -6 | — |
| Net Profit | -2628 | -245 | -231 | 67 | 432 | 57 | 211 | -8 | 583 | 889 |
| EPS in Rs | -167.05 | -15.56 | -14.66 | 4.27 | 27.46 | 3.64 | 13.4 | -0.53 | 37.04 | 56.52 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 |
| Reserves | -3842 | -6469 | -6714 | -6945 | -6878 | -6446 | -6389 | -6179 | -6187 | -5603 |
| Borrowings | 127 | 141 | 157 | 174 | 6562 | 6093 | 6067 | 5784 | 5639 | 4890 |
| Other Liabilities | 6877 | 6663 | 6710 | 6878 | 356 | 414 | 423 | 443 | 496 | 689 |
| Total Liabilities | 3320 | 492 | 310 | 265 | 197 | 219 | 258 | 205 | 105 | 132 |
| Fixed Assets | 99 | 83 | 79 | 79 | 76 | 74 | 51 | 30 | 16 | 16 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2123 | 337 | 184 | 51 | 51 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1097 | 72 | 47 | 135 | 70 | 144 | 207 | 175 | 90 | 116 |
| Total Assets | 3320 | 492 | 310 | 265 | 197 | 219 | 258 | 205 | 105 | 132 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 101 | 128 | 91 | 102 | 63 | 29 | 18 | 175 | 198 | 166 |
| Cash from Investing Activity | 7 | 0 | 0 | 0 | -1 | 463 | 119 | 180 | -7 | -2 |
| Cash from Financing Activity | -79 | -209 | -102 | -103 | -64 | -492 | -134 | -355 | -191 | -161 |
| Net Cash Flow | 28 | -80 | -11 | -1 | -1 | 0 | 3 | 0 | 0 | 3 |
| Free Cash Flow | 98 | 126 | 91 | 102 | 62 | 27 | 136 | 354 | 186 | 161 |
| CFO/OP | -145 | -133 | -38 | -49 | 117 | 313 | -88 | 281 | 315 | -778 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 30 | 0 | 0 | 0 | 0 | 37 | 65 | 39 | 21 | 0 |
| Inventory Days | — | — | 0 | 0 | 0 | 0 | 0 | — | — | 0 |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 30 | 0 | 0 | 0 | 0 | 37 | 65 | 39 | 21 | 0 |
| Working Capital Days | -1920 | -2424 | -11116 | -11570 | -11003 | -11613 | -11857 | -10450 | -8224 | -8376 |
| ROCE % | — | — | — | — | — | — | — | — | — | — |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 14.29% | 14.29% | 14.29% | 14.29% | 14.29% | 14.29% | 14.29% | 14.29% | 14.29% | 14.29% | 14.29% | 14.29% |
| FIIs | 0.38% | 0% | 0.43% | 0.42% | 0.2% | 0.16% | 0.07% | 0% | 0% | 0.03% | 0.01% | 0.1% |
| DIIs | 11.29% | 10.26% | 10.26% | 10.26% | 10.26% | 10.26% | 10.26% | 8.39% | 8.39% | 8.39% | 8.39% | 8.39% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 67.6% | 68.45% | 68.46% | 68.23% | 68.98% | 69.24% | 69.35% | 71.02% | 70.74% | 70.85% | 70.87% | 70.61% |
| Others | 6.43% | 7% | 6.55% | 6.79% | 6.27% | 6.04% | 6.02% | 6.29% | 6.58% | 6.43% | 6.44% | 6.6% |
| No. of Shareholders | 127961 | 129231 | 142156 | 139035 | 153154 | 165541 | 168089 | 169009 | 166583 | 163916 | 162746 | 162145 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 7.17 | Buy |
| EMA (10) | 7.2 | Buy |
| SMA (20) | 7.26 | Sell |
| EMA (20) | 7.26 | Sell |
| SMA (50) | 7.32 | Sell |
| EMA (50) | 7.36 | Sell |
| SMA (100) | 7.53 | Sell |
| EMA (100) | 7.44 | Sell |
| SMA (200) | 7.46 | Sell |
| EMA (200) | 7.68 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.17 | Neutral |
| MACD (12,26,9) | -0.07 | Sell |
| Stochastic (14,3,3) | 51.5 | Neutral |
| ADX (14) | 22.49 | Neutral |
| Williams %R (14) | -40.45 | Neutral |
| ATR (14) | 0.33 | High Volatility |
| ROC (12) | -1.36 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 46.38 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4ff99bb-214b-439d-8cfd-f4abd8d472f7.pdf) |
| 2026-09-08 | [Notice Convening 38Th Annual General Meeting Of The Members Of The Company To Be Held On September 30 2026 And Intimation Of Remote E-Voting Facility](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac494824-16c1-41d0-b83e-f256373975ec.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91847302-f652-46f1-88c6-4e1ffc0193c0.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2ab14fb-2a3a-4da4-843b-86c601970f9e.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1c444b8-076f-4f1a-90a0-c60562d6b71d.pdf) |
| 2026-08-04 | [Board Meeting Intimation for Approval Of Un-Audited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cfbc2521-0dff-4609-9aef-5191774d1688.pdf) |
| 2026-07-07 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f731ad8e-8ffe-4469-bec7-090c06031767.pdf) |
| 2026-06-26 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ee977351-6cb1-46f2-a767-07ea578e6342.pdf) |
| 2026-05-29 | [Compliances-Reg.24(A)-Annual Secretarial Compliance](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8a31e234-2b7d-4d77-95a5-9559b7e6b04c.pdf) |
| 2026-05-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3b36c47-5e13-453b-9903-15f29c38fdc7.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-11 | [Un-Audited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e79ea6c-3062-488a-ab5f-5905e722a902.pdf) |
| 2026-05-14 | [Audited Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7cc7cd35-d8ca-4d85-8da6-44c641c67cdc.pdf) |
| 2026-02-12 | [Un-Audited Financial Results For The Quarter And Period Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cfdb5642-e736-41ae-a006-1f51451bd8da.pdf) |
| 2025-11-13 | [Un-Audited Financial Results For The Quarter And Period Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a03583b8-3458-4ab2-9625-9bb89a5f47ea.pdf) |
| 2025-08-06 | [Un-Audited Financial Results Of The Company For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=828b0c04-9f9d-46a1-a7d0-5c6304b077f1.pdf) |
| 2025-05-07 | [Audited Financial Results For The Financial Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17ed8827-d394-424c-bef2-2cd51342eef9.pdf) |
| 2025-02-04 | [Unaudited Financial Results Of The Company For Quarter And Period Ended December 31 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fdfeb8bd-8d8f-4823-9a5c-a8dee9ec7149.pdf) |
| 2024-11-11 | [Unaudited Financial Results For The Quarter And Period Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=57962208-b814-4386-bb30-90c604c79cb6.pdf) |
| 2024-08-14 | [Unaudited Financial Results Of The Company For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=175053ff-17d7-4906-94d3-8e2fe8941ff6.pdf) |
| 2024-05-15 | [Audited Financial Results For The Quarter And Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=41335dee-4f8d-42b4-84b6-61a56392425f.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 May - Board meeting on May 14, 2026 to approve audited Q4/FY26 financial results; trading window closed until May 16. | [Board Meeting Intimation for Approval Of Audited Financial Results For The Quarter/Year Ended March 31, 2026 7 May - Board meeting on May 14, 2026 to approve audited Q4/FY26 financial results; trading window closed until May 16.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/85025a2a-3f0e-469a-b0fa-3d00b99aa5a9.pdf) |
| 7 Apr - Submitted Regulation 74(5) depository certificate for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Submitted Regulation 74(5) depository certificate for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e1a3c70-1a97-48c7-b989-8e409d89c89b.pdf) |
| 27 Mar - Trading window closed from April 1, 2026 until 48 hours after March 31, 2026 financial results. | [Closure of Trading Window 27 Mar - Trading window closed from April 1, 2026 until 48 hours after March 31, 2026 financial results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b19dfcf9-74aa-438a-9d4b-a55945e89589.pdf) |
| 2 Mar - Bombay High Court (Feb 27, 2026) quashed CBI FIR RC2192023E0003 against GTL Limited. | [Announcement Under Regulation 30 Of SEBI (LODR), 2015 2 Mar - Bombay High Court (Feb 27, 2026) quashed CBI FIR RC2192023E0003 against GTL Limited.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e446923e-5b12-4dd8-a019-afc27836a8c0.pdf) |
| 13 Feb - Copy of newspaper publication pertaining to financial results of the Company for the quarter and period ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Feb - Copy of newspaper publication pertaining to financial results of the Company for the quarter and period ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a318296-11a1-4033-afbd-faaf4a720939.pdf) |
| 12 Feb - Updated KMP contact details (Rufina Fernandes, Harshad Kulkarni, Pratik Toprani), effective Feb 15, 2026. | [Intimation As per Regulation 30(5) Of SEBI (LODR) Regulations, 2015. 12 Feb - Updated KMP contact details (Rufina Fernandes, Harshad Kulkarni, Pratik Toprani), effective Feb 15, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/865480eb-2f8d-431b-83e8-3003b2cb94b4.pdf) |
| 12 Feb - Company Secretary Deepak Keluskar resigns; Pratik Toprani appointed effective Feb 15, 2026. | [Appointment of Company Secretary and Compliance Officer 12 Feb - Company Secretary Deepak Keluskar resigns; Pratik Toprani appointed effective Feb 15, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f9fed092-280b-4960-9481-5db4f35bfe66.pdf) |
| — | [Un-Audited Financial Results For The Quarter And Period Ended December 31, 2025 12 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cfdb5642-e736-41ae-a006-1f51451bd8da.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1844_GTL_2012_2013_17092013172907.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/537c8d1c-5612-4631-a6d4-44a4290f19ae.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dacbee7d-0a2e-4546-a431-a138e27bc41d.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/85a66c47-f84f-4922-9655-78559a05a6b4.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500160/76750500160.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500160/71453500160.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/500160/66845500160.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500160/5001600319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/500160/5001600318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/500160/5001600317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:03:06.657Z.