New Risk • May 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Negative equity (-₹54b). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹1.19b market cap, or US$12.4m). Announcement • May 07
GTL Limited to Report Q4, 2026 Results on May 14, 2026 GTL Limited announced that they will report Q4, 2026 results on May 14, 2026 New Risk • Apr 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Negative equity (-₹61b). Earnings have declined by 23% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹956.4m market cap, or US$10.2m). New Risk • Mar 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹906.0m (US$9.56m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹61b). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (₹906.0m market cap, or US$9.56m). Reported Earnings • Feb 14
Third quarter 2026 earnings released: ₹0.17 loss per share (vs ₹2.66 loss in 3Q 2025) Third quarter 2026 results: ₹0.17 loss per share (improved from ₹2.66 loss in 3Q 2025). Revenue: ₹552.2m (up 8.2% from 3Q 2025). Net loss: ₹26.3m (loss narrowed 94% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Feb 05
GTL Limited to Report Q3, 2026 Results on Feb 12, 2026 GTL Limited announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings have declined by 8.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹61b). Earnings have declined by 8.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹1.42b market cap, or US$16.0m). Announcement • Nov 08
GTL Limited to Report Q2, 2026 Results on Nov 13, 2025 GTL Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Sep 10
GTL Limited, Annual General Meeting, Sep 30, 2025 GTL Limited, Annual General Meeting, Sep 30, 2025, at 14:00 Indian Standard Time. Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: ₹0.99 (vs ₹0.82 in 1Q 2025) First quarter 2026 results: EPS: ₹0.99 (up from ₹0.82 in 1Q 2025). Revenue: ₹562.6m (down 11% from 1Q 2025). Net income: ₹156.0m (up 21% from 1Q 2025). Profit margin: 28% (up from 20% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jul 30
GTL Limited to Report Q1, 2026 Results on Aug 06, 2025 GTL Limited announced that they will report Q1, 2026 results on Aug 06, 2025 New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Negative equity (-₹60b). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₹1.76b market cap, or US$20.6m). Reported Earnings • May 11
Full year 2025 earnings released: ₹0.54 loss per share (vs ₹13.40 profit in FY 2024) Full year 2025 results: ₹0.54 loss per share (down from ₹13.40 profit in FY 2024). Revenue: ₹2.60b (up 29% from FY 2024). Net loss: ₹83.8m (down 104% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 01
GTL Limited to Report Q4, 2025 Results on May 07, 2025 GTL Limited announced that they will report Q4, 2025 results on May 07, 2025 Reported Earnings • Feb 05
Third quarter 2025 earnings released: ₹2.66 loss per share (vs ₹0.24 profit in 3Q 2024) Third quarter 2025 results: ₹2.66 loss per share (down from ₹0.24 profit in 3Q 2024). Revenue: ₹512.3m (up 18% from 3Q 2024). Net loss: ₹418.2m (down ₹456.5m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Jan 29
GTL Limited to Report Q3, 2025 Results on Feb 04, 2025 GTL Limited announced that they will report Q3, 2025 results on Feb 04, 2025 Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹0.59 (vs ₹4.19 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.59 (down from ₹4.19 in 2Q 2024). Revenue: ₹745.4m (up 60% from 2Q 2024). Net income: ₹93.4m (down 86% from 2Q 2024). Profit margin: 13% (down from 141% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Nov 05
GTL Limited to Report Q2, 2025 Results on Nov 11, 2024 GTL Limited announced that they will report Q2, 2025 results on Nov 11, 2024 New Risk • Sep 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Negative equity (-₹60b). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹1.99b market cap, or US$23.8m). Announcement • Aug 22
GTL Limited, Annual General Meeting, Sep 12, 2024 GTL Limited, Annual General Meeting, Sep 12, 2024, at 14:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹0.82 (vs ₹0.31 in 1Q 2024) First quarter 2025 results: EPS: ₹0.82 (up from ₹0.31 in 1Q 2024). Revenue: ₹638.3m (up 38% from 1Q 2024). Net income: ₹128.9m (up 166% from 1Q 2024). Profit margin: 20% (up from 11% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Aug 08
GTL Limited to Report Q1, 2025 Results on Aug 14, 2024 GTL Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • May 17
Full year 2024 earnings released: EPS: ₹13.40 (vs ₹3.63 in FY 2023) Full year 2024 results: EPS: ₹13.40 (up from ₹3.63 in FY 2023). Revenue: ₹2.13b (up 14% from FY 2023). Net income: ₹2.11b (up 269% from FY 2023). Profit margin: 99% (up from 31% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹11.60, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 36x in the IT industry in India. Total returns to shareholders of 65% over the past three years. Buy Or Sell Opportunity • May 13
Now 23% overvalued Over the last 90 days, the stock has fallen 35% to ₹10.05. The fair value is estimated to be ₹8.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years, while earnings per share has been flat. Announcement • May 10
GTL Limited to Report Q4, 2024 Results on May 15, 2024 GTL Limited announced that they will report Q4, 2024 results on May 15, 2024 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹11.80, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 37x in the IT industry in India. Total returns to shareholders of 107% over the past three years. Buy Or Sell Opportunity • Mar 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to ₹10.10. The fair value is estimated to be ₹8.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years, while earnings per share has been flat. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: ₹0.24 (vs ₹0.03 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.24 (up from ₹0.03 loss in 3Q 2023). Revenue: ₹460.6m (flat on 3Q 2023). Net income: ₹38.2m (up ₹42.6m from 3Q 2023). Profit margin: 8.3% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹16.60, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 43x in the IT industry in India. Total returns to shareholders of 139% over the past three years. Announcement • Feb 01
GTL Limited to Report Q3, 2024 Results on Feb 07, 2024 GTL Limited announced that they will report Q3, 2024 results on Feb 07, 2024 Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to ₹12.75, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 42x in the IT industry in India. Total returns to shareholders of 82% over the past three years. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: ₹4.19 (vs ₹1.69 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹4.19 (up from ₹1.69 loss in 2Q 2023). Revenue: ₹513.8m (up 11% from 2Q 2023). Net income: ₹659.2m (up ₹925.1m from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 05
GTL Limited, Annual General Meeting, Sep 26, 2023 GTL Limited, Annual General Meeting, Sep 26, 2023, at 11:00 Indian Standard Time. Agenda: To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon; to appoint a director in place of Mr. Sunil Sadanand Valavalkar, who retires by rotation and being eligible, offers himself, for re-appointment; and to consider other matters. Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹0.31 (vs ₹4.29 in 1Q 2023) First quarter 2024 results: EPS: ₹0.31 (down from ₹4.29 in 1Q 2023). Revenue: ₹484.2m (up 2.6% from 1Q 2023). Net income: ₹48.6m (down 93% from 1Q 2023). Profit margin: 10.0% (down from 143% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 57% per year whereas the company’s share price has increased by 60% per year. Announcement • Aug 04
GTL Limited to Report Q1, 2024 Results on Aug 10, 2023 GTL Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 26
Full year 2023 earnings released: EPS: ₹3.63 (vs ₹27.46 in FY 2022) Full year 2023 results: EPS: ₹3.63 (down from ₹27.46 in FY 2022). Revenue: ₹1.92b (flat on FY 2022). Net income: ₹572.1m (down 87% from FY 2022). Profit margin: 30% (down from 223% in FY 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 79% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹5.50, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 24x in the IT industry in India. Total returns to shareholders of 340% over the past three years. Buying Opportunity • Feb 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be ₹7.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 09
Third quarter 2023 earnings released: ₹0.03 loss per share (vs ₹29.09 profit in 3Q 2022) Third quarter 2023 results: ₹0.03 loss per share (down from ₹29.09 profit in 3Q 2022). Revenue: ₹466.3m (down 6.2% from 3Q 2022). Net loss: ₹4.41m (down 100% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
GTL Limited to Report Q3, 2023 Results on Feb 08, 2023 GTL Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Non-Executive & Non Independent Director Mahesh Borase was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 15
First quarter 2023 earnings released: EPS: ₹4.29 (vs ₹1.29 loss in 1Q 2022) First quarter 2023 results: EPS: ₹4.29 (up from ₹1.29 loss in 1Q 2022). Revenue: ₹478.4m (flat on 1Q 2022). Net income: ₹675.5m (up ₹877.5m from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 21
Full year 2022 earnings released: EPS: ₹27.45 (vs ₹4.27 in FY 2021) Full year 2022 results: EPS: ₹27.45 (up from ₹4.27 in FY 2021). Revenue: ₹1.98b (down 10% from FY 2021). Net income: ₹4.32b (up ₹3.65b from FY 2021). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Board Change • May 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Non-Executive & Non Independent Director Mahesh Borase was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: ₹29.09 (up from ₹1.56 in 3Q 2021). Revenue: ₹510.2m (down 26% from 3Q 2021). Net income: ₹4.58b (up ₹4.33b from 3Q 2021). Revenue missed analyst estimates by 17%. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹18.10, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 33x in the IT industry in India. Total returns to shareholders of 232% over the past three years. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 24% share price gain to ₹21.65, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 31x in the IT industry in India. Total returns to shareholders of 273% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 18% share price gain to ₹17.40, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 30x in the IT industry in India. Total returns to shareholders of 203% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹13.55, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 28x in the IT industry in India. Total returns to shareholders of 134% over the past three years. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS ₹0.61 (vs ₹2.05 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹503.2m (down 4.0% from 2Q 2021). Net income: ₹95.9m (down 70% from 2Q 2021). Profit margin: 19% (down from 62% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 20% share price gain to ₹16.50, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 29x in the IT industry in India. Total returns to shareholders of 143% over the past three years. Reported Earnings • Aug 15
First quarter 2022 earnings released: ₹1.29 loss per share (vs ₹0.32 loss in 1Q 2021) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: ₹487.1m (up 2.2% from 1Q 2021). Net loss: ₹202.0m (loss widened 300% from 1Q 2021). Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹15.20, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 31x in the IT industry in India. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 17% share price gain to ₹24.40, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 33x in the IT industry in India. Total returns to shareholders of 244% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 26% share price gain to ₹10.15, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 28x in the IT industry in India. Total returns to shareholders of 17% over the past three years. Reported Earnings • May 28
Full year 2021 earnings released: EPS ₹4.27 (vs ₹14.66 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹2.36b (up 9.7% from FY 2020). Net income: ₹672.4m (up ₹2.98b from FY 2020). Profit margin: 28% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹1.56 (vs ₹2.22 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹691.6m (up 28% from 3Q 2020). Net income: ₹246.3m (up ₹595.0m from 3Q 2020). Profit margin: 36% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 29
New 90-day high: ₹5.60 The company is up 75% from its price of ₹3.20 on 30 September 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: ₹4.10 The company is up 141% from its price of ₹1.70 on 07 September 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 22% over the same period. Reported Earnings • Nov 13
Second quarter 2021 earnings released: EPS ₹2.05 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹554.1m (down 34% from 2Q 2020). Net income: ₹322.8m (up ₹899.5m from 2Q 2020). Profit margin: 58% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses.