Hathway Cable & Datacom Ltd
Hathway Cable & Datacom Ltd (HATHWAY)

Hathway Cable & Datacom Ltd (HATHWAY)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return1.48 %
3 Month Return-5.81 %
1 Year Return-33.79 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 192
Rank 285
Rank 332
Dividend Yield
Rank 185
Rank 490
Price To Book Ratio
Rank 60
Debt To Asset
Rank 505

Company Information

Hathway Cable Datacom Ltd being one of Indias largest MSO with 8 main head ends and a network of approximately 35000 Kms of optical fibre and coaxial cable providing cable services to Indias 109 cities and adjoining areas reaching out to over 6 million viewers with its associates. The Company is engaged in distribution of Internet services through cable and has strategic stake in entities engaged in Cable Television business. The company is the leading operator in several key markets of India some of which are key Hindi speaking areas including among others cities such as Mumbai Delhi Pune Bangalore Ahmedabad Hyderabad Jaipur Indore Bhopal and Baroda and Surat. It deploys stateoftheart technology for delivering multiple TV signals to enhance consumer viewing experience. The product range includes Digital Analogue Cable Television broadband and local Television Channels. The company is providing TV services in digital mode armed with technical capability in a completely secured environment and offer features like Video on Demand Electronic Programming Guide EPG etc.In addition to their cable television and broadband service offerings the company also generates advertising and airtime revenue from advertisements aired for and on behalf of channels owned by third parties such as the Hindi Movie channel Cine Channel and the Music Channel iTV.The company holds a panIndia ISP license and was the first cable television services provider to offer broadband Internet services. Their cable television and broadband services are supported by 71 analog headends 19 digital headends and approximately 15000 km of HFC network. Their broadband technology platform is supported by Cisco Systems.Hathway Cable Datacom Ltd was incorporated on August 7 1959 in Mumbai as Chics Display Services Pvt Ltd. Due to the change in ownership the name of the company was changed to Hathway Cable Datacom Pvt Ltd on February 16 1999. In August 26 2009 the company became a public limited company and the name was changed to Hathway Cable Datacom Ltd.In March 2000 the company entered into the business of providing broadband Internet services. In September 2000 they entered into a strategic alliance with one of the largest content providers in the world STAR. Since 2007 the company has successfully identified and acquired an interest in more than 21 MSOs and ICOs. They believed that their understanding of the cable television distribution industry and their national presence enabled them to identify and acquire targets which enabled them to become one of the largest national cable companies in India.In the year 2008 the company completed two major acquisitions of MSOs in Maharashtra being Marathwada Cable Network Pvt. Ltd and Rajesh Multichannel Pvt Ltd. They also completed the acquisitions of Gujarat Telelink Pvt Ltd a large MSO in Gujarat and Bhaskar Multilink Ltd in Madhya Pradesh.The company was awarded the Best MSO as part of the Indian Telly Award for the years 2002 2003 2005 2006 2007 and 2008. In the year 2009 the company launched digital video recorder DVR service and became the first Indian cable television services provider to do so.As of November 30 2009 the company had a total of 1606883 paying subscribers which is comprised of the 1347491 analog subscribers and 259392 CAS digital subscribers. In addition they had 322135 broadband subscribers as of November 30 2009.During the year under review the Company along with its subsidiaries and joint venture companies rolled out DAS in 38 Phase II cities with effect from April 01 2013.During the financial year 200910 the Company successfully completed the Initial Public Offer of shares to the tune of Rs. 666 Crores including Rs.186 Crores as Offer for Sale. As regards the utilizations of the IPO proceeds the Company had obtained members approval vide resolution passed by way of Postal Ballot on June 21 2011 to authorize the Board of Directors of the Company to decide alter vary revise and finalise the utilizations of IPO proceeds apart from the objects mentioned in the Prospectus. The details of utilizations of issue proceeds to the extent of Rs. 480 crores as on March 31 2014 were placed before the Members of Audit Committee at the meeting dated May 29 2014 and the same was taken on record by Board of Directors of the Company.During the FY 2016 the Company has launched robust Billing IT System which enabled to launch prepaid payment method for Companys direct subscribers. The Company has also launched selfcare portal on web android and IOS platform. These initiatives have enhanced customers experience and provided them liberty to manage their connection efficiently. This also yielded a significant improvement in efficiency including higher collections per subscriber and has enhanced manpower productivity this freed up significant manpower to be redeployed in revenue enhancement initiatives.During the year 2017 the Company has significantly expanded its presence in DAS III and IV markets by growing its active base predominantly in KarnatakaGTPL Hathway Limited one of the Joint ventures of the Company has been successfully listed on BSE Limited and National Stock Exchange of India Limited on 4th July 2017. The Company had offered sale of 7.2 million shares in the Initial Public Offer IPO and money received from such sale of shares has been used for repayment of debt. Post the IPO the Company now holds 37.32 in GTPL Hathway Limited.During the financial year 201718 the investment in equity shares of Hathway Patiala Cable Private Limited f.k.a. Hathway Sukhamrit Cable and Datacom Private Limited was classified as investment in Joint Venture. However the management no longer intends to exercise its influence in operations of Hathway Patiala Cable Private Limited. Accordingly such interest in Hathway Patiala Cable Private Limited has been reclassified and measured as financial assets in terms of IndAS 109 and hence ceases to be a subsidiary company.During the year 2019 the Company added 0.16 million subscribers at an ARPU of Rs 662. During the year 2019 Company launch Indias first Cable Hybrid box Hathway Ultra Smart HUB on the android TV platform to create unique TV viewing experience for Indian consumers based on This Ultra Smart TV Hub in the cable television segment. The user can select and download more than 2000 apps from Google Play including play services games and music.During the year 2019 Jio Content Distribution Holdings Private Limited Jio Internet Distribution Holdings Private Limited and Jio Cable and Broadband Holdings Private Limited Acquirers and Mr. Akshay Raheja Mr. Viren Raheja Hathway Investments Private Limited and Spur Cable and Datacom Private Limited and the Company had entered into a Share Subscription Agreement SSA dated October 17 2018 to subscribe to 51.34 of post allotment share capital of the Company. Pursuant to which the Company made an allotment of 908810000 equity shares of the Company on 30th January 2019 to the Acquirers at a price of Rs 32.35/ including a premium of Rs 30.35/ per Equity Share aggregating to Rs 29400003500/ on a preferential basis. Pursuant to such allotment the acquirers acquired sole control of the Company and the acquirers along with Reliance Industries Limited Digital Media Distribution Trust Reliance Content Distribution Limited and Reliance Industrial Investments and Holdings Limited PACs became part of the Promoter and Promoter Group of the Company. Pursuant to above preferential issue made by the Company there was an obligation on the acquirers to make an open offer under Securities and Exchange Board of India Substantial Acquisition of Shares and Takeovers Regulations 2011. Accordingly the Allotes and PACs made an open offer for acquisition of up to 26 of the expanded voting share capital of the Company from public shareholders of Company at a price of Rs 32.35 per equity share The acquirers acquired 364891215 equity shares representing 20.61 of the total equity / voting capital of the Company in the open offer.
OrganisationHathway Cable & Datacom Ltd