Hathway Cable & Datacom Limited, a subsidiary of the Reliance Group, is one of India's prominent cable television and broadband service providers. The company was originally incorporated on August 7, 1959, in Mumbai as Chics Display Services Pvt Ltd, later renamed Hathway Cable & Datacom Pvt Ltd on February 16, 1999, and became a public limited company on August 26, 2009.
As part of the Reliance Group business conglomerate, Hathway Cable and Datacom Limited (HCDL) is a dynamic organization engaged in providing high-quality fixed-line ISP and CATV services to millions of subscribers across India. The company operates across two primary segments: Broadband Business and Cable Television, serving millions of homes through its extensive network infrastructure.
The company's market capitalization stands at ₹2,823 crores as of July 2025. As of the last reported quarter, promoters held 75% of the total shares, FIIs held 0.5%, and the public held 24.5% of the total shares.
Hathway Cable & Datacom Ltd announced a slight profit increase to ₹34.8 crore for Q4 FY25, with revenues up to ₹513.15 crore. The company has also reduced debt and is almost debt-free, indicating a strong balance sheet position. However, the company has delivered a poor sales growth of 2.55% over the past five years, reflecting challenges in revenue expansion.
• Market Capitalization: ₹2,823 crore (as of July 2025)
• Promoter Holding: 75.0% (Reliance Group)
• Q4 FY25 Results: Revenue jumped 2.27% year-on-year to ₹551.34 crores
• Net Profit Q4 FY25: Net profit increased 0.32% year-on-year to ₹34.68 crores
• Quarterly Net Profit Growth: 153.69% jump since last 3-months
• Net Profit Margin Q4 FY25: 6.29%
• P/E Ratio: 30.08 (as of July 9, 2025)
• P/B Ratio: 1.55 (as of July 9, 2025)
• ROE (last FY): 2.13%
• Dividend Yield: 0.00%
Hathway Cable and Datacom Limited is an India-based holding company primarily engaged in the distribution of Internet services and other allied services. It operates through the Broadband Business and Cable Television segments. The company's Broadband Business segment provides high-speed cable broadband services over 16 cities, including 4 metros and 3 mini-metros, while it offers cable television services to over 109 cities and towns operating in pan-India regions.
The company holds a pan-India 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 head-ends, 19 digital head-ends, and approximately 15,000 km of HFC network. Their broadband technology platform is supported by Cisco Systems.
The company's service portfolio includes both home and business broadband services, with popular brands including Hathway Broadband, Hathway Digital TV, and Hathway Enterprise Services. Hathway's top products also include Hathway Play, a streaming service that offers access to movies, TV shows, and live sports; Hathway Connect, an internet service that offers speeds of up to 100 Mbps; and Hathway Digital TV, a digital cable TV service that offers access to over 500 channels.
Since 2007, the company has successfully identified and acquired an interest in more than 21 MSOs (Multi-System Operators) and ICOs (Independent Cable Operators). They believe their understanding of the cable television distribution industry and their national presence enabled them to identify and acquire targets, which allowed them to become one of the largest national cable companies in India.
The company amalgamated five subsidiaries into Hathway Digital Limited, effective April 22, 2025, demonstrating its focus on organizational consolidation and efficiency. This move is part of its strategic initiatives to streamline operations and enhance market presence.
Hathway Cable & Datacom continues to play a significant role in India's telecommunications infrastructure, leveraging its extensive network and strategic position within the Reliance Group to serve millions of customers across the country. The company's focus on digital transformation and network expansion positions it to capitalize on India's growing broadband and digital entertainment market.
The company presents a mixed investment profile. While it benefits from being a subsidiary of Reliance Group and maintains a debt-free status, investors should note that the company has a low return on equity of 1.75% over the last 3 years. Additionally, though the company is reporting repeated profits, it is not paying out dividends. The stock performance has been mixed, with a decrease of 31.03% in the last one year but an increase of 0.82% over the past 6 months.
