GTL (GTL)

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

Strengths

• Sales grew 7.78% year-on-year, showing business activity is not collapsing.
• Profit growth of 93.71% indicates a major reduction in losses from the prior period.
• Piotroski F-Score of 6/9 reflects at least some improvement in fundamentals.
• Latest quarterly revenue of ₹55 Cr provides a revenue base to work from.

Concerns

• Negative book value of ₹-384.85 Cr means liabilities exceed tangible assets, leaving no equity cushion.
• Latest quarter still posted a net loss of ₹3 Cr, and P/E of 0.00 confirms no positive earnings.
• No dividend and ROCE of 0.00% show the company generates no return on capital.
• Promoter holding of only 14.29% raises questions about long-term alignment with minority shareholders.

AI Analysis

Let me begin with what the figures scream: GTL has a negative book value of ₹-384.85 crore. That means liabilities swamp assets, so there is no asset backing for shareholders. Graham would immediately walk away. The latest quarter still shows a net loss of ₹3 crore, and the P/E of 0.00 reflects no positive earnings. The company does not pay a dividend, and ROCE is zero. Sales grew 7.78% and profit growth is reported at 93.71%, but that is misleading when you are coming from losses. A 93% improvement on a tiny base can still leave you with a net loss. The Piotroski F-Score of 6/9 suggests some operational improvements, but that is far from a robust signal. Market cap is ₹111 crore at ₹7.35, near the lower end of the 52-week range, so the market already prices in distress. Promoter holding is just 14.29%, which tells me I cannot rely on aligned, dedicated promoters. Debt-to-equity is not meaningful because equity is negative. This is not a staggering business with a moat; it's a struggling telecom services firm. As investors, we need a margin of safety. Here, the balance sheet itself is the risk. I cannot value a company whose book value is destroyed and whose profits are still negative. It might be a turnaround story if management can fix the capital structure and get to real profitability, but I don't bet on maybes. I will watch it, but I will not put capital into GTL.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer