In the Indian telecom industry, GTL Infra, formerly known as GTL Infrastructure Limited, is a significant player. GTL Infra Limited, the flagship company of Global Group, is a major participant in the telecom infrastructure market in India.
Since its inception in 1987, GTL Infra has steadily increased its range of services and strengthened its position both domestically in India and abroad. The business constructs and maintains communication towers serving various mobile network providers.
This article will examine the potential GTL Infra share price targets that can be achieved by 2024, 2025, 2026, 2027, 2028, 2029, and 2030.
Vodafone Idea Share Price Target
About GTL Infra LTD
GTL Infrastructure Limited, with a market cap of Rs 3137.72 crore, operates in the telecom equipment and infrastructure services industry. During the quarter that ended December 2018, it reported revenue of Rs 332.2 crore and a net profit of Rs -202.06 crore. The firm's management team includes the following individuals: Manoj G. Tirodkar, N Balasubramanian, Anand Patkar, Charudatta Naik, Vinod B. Agarwal, Milind Naik, Nitesh A. Mhatre, Dina Sanjay Hatekar, Vikas Arora, and Sonali Choudhary (GTL Infrastructure Limited).
GTL Infra Shares Current Performance And Market Indicators
Open Price: ₹2.56
Today's Low Price: ₹2.42
Today's High Price: ₹2.57
Current Price: ₹2.45
Market capitalization: ₹3,138 crore
P/E Ratio: 0.00
ROE: 13.40%
Dividend Yield: 0.00%
52-Week Low: ₹0.70
52-Week High: ₹4.33
Price Change Over the Past Year: ₹1.70 (226.67% Increase)
GTL Infra's stock performance has been notably volatile lately. The stock opened at ₹2.56 today and has since rallied from a low of ₹2.42 to a high of ₹2.57, finally closing at ₹2.45. Despite its modest price, the firm has a market value of ₹3,138 crore. GTL Infra's price has risen an impressive 226.67% from ₹0.70 to ₹2.45 in the past year, hitting a 52-week high of ₹4.33. Despite a P/E ratio of 0.00 and no dividend, the stock's ROE of 13.40% indicates that the company may have some operational efficiency.
GTL Infra Share Price Target 2024
The 2G scam led to the Indian government canceling the licenses of 122 telecom companies in 2010, resulting in the shutdown of most of GTL Infra's towers. Since the corporation was not making any money from the maintenance of the towers, their workload kept increasing. The chances of the company's revival in 2024 are extremely low, as despite its best efforts, it has been unable to bounce back and its share price has been declining steadily. As a result, the 2024 GTL Infra share price target could rise to ₹2.95.
GTL Infra Share Price Target 2025
GTL Infra may benefit by 2025. This is because recently a telecom operator launched 5G service. For 5G to work effectively, more equipment has to be installed on the towers, and GTL was allowed to do so. Now we have to wait and see whether this firm comes back to the market or not. From all these things, it is estimated that by 2025, the share price of GTL Infra can go up from ₹3.50 to ₹4.
GTL Infra Share Price Target 2026
The company's promoter shareholders have gone down significantly in the past few years. In terms of the company's promoter shareholding, it is a mere 3.33%. The company's only chance at this point is 5G; only if telecom operators install its 5G tower infrastructure will it be able to turn a profit. The company's share may increase to ₹4.54 in the first quarter and ₹5.45 in the second, according to GTL Infra Ltd Share Price Target 2026.
GTL Infra Share Price Target 2027
The corporation cannot make a profit until there is competition for 5G in the Indian telecom market. As of now, it is the largest provider of tower infrastructure. By 2027, it is expected to trade at ₹17 for the first target and ₹21 for the second target.
GTL Infra Share Price Target 2028
Businesses like GTL Infra in this industry can profit when telecom corporations strengthen their tower infrastructure to expand their networks. Currently, GTL Infra appears to be unfavorable from both fundamental and financial perspectives. As a result, it is not a smart decision to consider a long-term investment in GTL Infra shares. However, if its target is projected to be met by 2028, this business can still gain ₹25 to ₹30.
GTL Infra Share Price Target 2029
It seems that 6G and other communication technologies will soon be available in India. A major share of introducing these new technologies may come to GTL Infra. But GTL Infra is not performing well right now. Their high debt load is not helping them to perform better in the market. However, the way the firm evolves to capitalize on these new opportunities will decide its future. If they implement it correctly, then GTL Infra shares can perform well till 2029. And if we talk about its target, then its target can go from ₹35 to ₹44.
GTL Infra Share Price Target 2030
You must have realized by now that there would be a rise in GTL Infra shares when the company bids against other businesses to offer 5G services. So let's see how the share price of the firm might rise by 2030. However, other sources state that it can range from ₹48 to ₹60.
GTL Infra Shareholding
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Retail and Other
51.13%
51.43%
53.47%
53.34%
54.37%
Other Domestic Institutions
45.46%
45.09%
43.14%
43.25%
42.18%
Promoters
3.28%
3.28%
3.28%
3.28%
3.28%
Foreign Institutions
0.13%
0.12%
0.10%
0.12%
0.17%
Mutual Funds
0.08%
The GTL Infra shareholding chart is referred to from the Groww website.
What will be GTL Infra Share Future and Risk?
The company's future looks bleak right now, but if it gets support from the telecom industry regarding 5G infrastructure, things may get better.
Regarding the business fundamentals, it is no longer possible to invest in its shares as the firm is losing money every year.
A mid-cap business, GTL Infra's shares are included in penny stocks, which are always associated with a high level of risk. The company's financial position is poor right now, and the promoters' stake is constantly decreasing.
GTL Infra Balance Sheet
Balance Sheet of GTL Infrastructure (in Rs. Cr.) | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
12 mths | 12 mths | 12 mths | 12 mths | 12 mths | |
EQUITIES AND LIABILITIES | |||||
SHAREHOLDER'S FUNDS | |||||
Equity Share Capital | 12,807.02 | 12,671.10 | 12,623.33 | 12,496.59 | 12,319.10 |
Total Share Capital | 12,807.02 | 12,671.10 | 12,623.33 | 12,496.59 | 12,319.10 |
Reserves and Surplus | -18,141.48 | -17,459.75 | -15,663.04 | -14,201.61 | -12,930.32 |
Total Reserves and Surplus | -18,141.48 | -17,459.75 | -15,663.04 | -14,201.61 | -12,930.32 |
Total Shareholders Funds | -5,334.46 | -4,788.65 | -3,039.71 | -1,705.02 | -611.22 |
NON-CURRENT LIABILITIES | |||||
Long Term Borrowings | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities [Net] | 0 | 0 | 0 | 0 | 0 |
Other Long Term Liabilities | 490.46 | 539.5 | 596.4 | 581.97 | 596.43 |
Long Term Provisions | 58.97 | 53.84 | 61.56 | 51.47 | 60.25 |
Total Non-Current Liabilities | 549.43 | 593.34 | 657.96 | 633.44 | 656.68 |
CURRENT LIABILITIES | |||||
Short Term Borrowings | 3,339.51 | 3,670.73 | 4,029.77 | 0 | 0 |
Trade Payables | 32.07 | 43.39 | 29.88 | 19.95 | 16.38 |
Other Current Liabilities | 5,320.66 | 4,455.03 | 3,526.65 | 7,013.56 | 6,889.73 |
Short Term Provisions | 50.93 | 49.08 | 55.86 | 66.82 | 60.68 |
Total Current Liabilities | 8,743.17 | 8,218.23 | 7,642.16 | 7,100.33 | 6,966.79 |
Total Capital And Liabilities | 4,206.04 | 4,270.83 | 5,554.58 | 6,446.67 | 7,430.17 |
ASSETS | |||||
NON-CURRENT ASSETS | |||||
Tangible Assets | 2,976.55 | 3,188.87 | 4,525.11 | 5,482.89 | 6,433.14 |
Intangible Assets | 0.99 | 0.93 | 0.03 | 0.01 | 0.18 |
Capital Work-In-Progress | 0 | 0 | 0 | 27.5 | 31.38 |
Other Assets | 29.65 | 30.33 | 31.01 | 31.69 | 32.38 |
Fixed Assets | 3,007.19 | 3,220.13 | 4,556.15 | 5,542.09 | 6,497.08 |
Non-Current Investments | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Assets [Net] | 0 | 0 | 0 | 0 | 0 |
Long Term Loans And Advances | 0 | 0 | 0 | 79.14 | 86.79 |
Other Non-Current Assets | 234.73 | 198.11 | 192.93 | 26.73 | 21.54 |
Total Non-Current Assets | 3,241.92 | 3,418.24 | 4,749.08 | 5,647.96 | 6,605.41 |
CURRENT ASSETS | |||||
Current Investments | 73.68 | 68.77 | 65.29 | 63.06 | 60.1 |
Inventories | 4.02 | 4.47 | 4.69 | 3.67 | 2.6 |
Trade Receivables | 316.42 | 130.74 | 86.47 | 105.44 | 79.41 |
Cash And Cash Equivalents | 412.9 | 497.55 | 489.89 | 439.02 | 512.31 |
Short Term Loans And Advances | 0 | 0 | 0 | 22.47 | 15.68 |
OtherCurrentAssets | 157.1 | 151.06 | 159.16 | 165.05 | 154.66 |
Total Current Assets | 964.12 | 852.59 | 805.5 | 798.71 | 824.76 |
Total Assets | 4,206.04 | 4,270.83 | 5,554.58 | 6,446.67 | 7,430.17 |
OTHER ADDITIONAL INFORMATION | |||||
CONTINGENT LIABILITIES, COMMITMENTS | |||||
Contingent Liabilities | 2,160.99 | 4,051.28 | 2,204.14 | 1,494.75 | 1,436.19 |
CIF VALUE OF IMPORTS | |||||
Raw Materials | 0 | 0 | 0 | 0 | 0 |
Stores, Spares And Loose Tools | 0 | 0 | 0 | 0 | 0 |
Trade/Other Goods | 0 | 0 | 0 | 0 | 0 |
Capital Goods | 0 | 0 | 0 | 0 | 0 |
EXPENDITURE IN FOREIGN EXCHANGE | |||||
Expenditure In Foreign Currency | 0 | 0 | 0.21 | 0 | 0.38 |
REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS | |||||
Dividend Remittance In Foreign Currency | -- | -- | -- | -- | -- |
EARNINGS IN FOREIGN EXCHANGE | |||||
FOB Value Of Goods | -- | -- | -- | -- | -- |
Other Earnings | -- | -- | -- | -- | -- |
BONUS DETAILS | |||||
Bonus Equity Share Capital | -- | -- | -- | -- | -- |
NON-CURRENT INVESTMENTS | |||||
Non-Current Investments Quoted Market Value | -- | -- | -- | -- | -- |
Non-Current Investments Unquoted Book Value | -- | -- | -- | -- | -- |
CURRENT INVESTMENTS | |||||
Current Investments Quoted Market Value | -- | -- | -- | -- | -- |
Current Investments Unquoted Book Value | 73.68 | 68.77 | 65.29 | 63.06 | 60.1 |
Balance Sheet of GTL Infrastructure (in Rs. Cr.)
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
12 mths
12 mths
12 mths
12 mths
12 mths
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital
12,807.02
12,671.10
12,623.33
12,496.59
12,319.10
Total Share Capital
12,807.02
12,671.10
12,623.33
12,496.59
12,319.10
Reserves and Surplus
-18,141.48
-17,459.75
-15,663.04
-14,201.61
-12,930.32
Total Reserves and Surplus
-18,141.48
-17,459.75
-15,663.04
-14,201.61
-12,930.32
Total Shareholders Funds
-5,334.46
-4,788.65
-3,039.71
-1,705.02
-611.22
NON-CURRENT LIABILITIES
Long Term Borrowings
0
0
0
0
0
Deferred Tax Liabilities [Net]
0
0
0
0
0
Other Long Term Liabilities
490.46
539.5
596.4
581.97
596.43
Long Term Provisions
58.97
53.84
61.56
51.47
60.25
Total Non-Current Liabilities
549.43
593.34
657.96
633.44
656.68
CURRENT LIABILITIES
Short Term Borrowings
3,339.51
3,670.73
4,029.77
0
0
Trade Payables
32.07
43.39
29.88
19.95
16.38
Other Current Liabilities
5,320.66
4,455.03
3,526.65
7,013.56
6,889.73
Short Term Provisions
50.93
49.08
55.86
66.82
60.68
Total Current Liabilities
8,743.17
8,218.23
7,642.16
7,100.33
6,966.79
Total Capital And Liabilities
4,206.04
4,270.83
5,554.58
6,446.67
7,430.17
ASSETS
NON-CURRENT ASSETS
Tangible Assets
2,976.55
3,188.87
4,525.11
5,482.89
6,433.14
Intangible Assets
0.99
0.93
0.03
0.01
0.18
Capital Work-In-Progress
0
0
0
27.5
31.38
Other Assets
29.65
30.33
31.01
31.69
32.38
Fixed Assets
3,007.19
3,220.13
4,556.15
5,542.09
6,497.08
Non-Current Investments
0
0
0
0
0
Deferred Tax Assets [Net]
0
0
0
0
0
Long Term Loans And Advances
0
0
0
79.14
86.79
Other Non-Current Assets
234.73
198.11
192.93
26.73
21.54
Total Non-Current Assets
3,241.92
3,418.24
4,749.08
5,647.96
6,605.41
CURRENT ASSETS
Current Investments
73.68
68.77
65.29
63.06
60.1
Inventories
4.02
4.47
4.69
3.67
2.6
Trade Receivables
316.42
130.74
86.47
105.44
79.41
Cash And Cash Equivalents
412.9
497.55
489.89
439.02
512.31
Short Term Loans And Advances
0
0
0
22.47
15.68
OtherCurrentAssets
157.1
151.06
159.16
165.05
154.66
Total Current Assets
964.12
852.59
805.5
798.71
824.76
Total Assets
4,206.04
4,270.83
5,554.58
6,446.67
7,430.17
OTHER ADDITIONAL INFORMATION
CONTINGENT LIABILITIES, COMMITMENTS
Contingent Liabilities
2,160.99
4,051.28
2,204.14
1,494.75
1,436.19
CIF VALUE OF IMPORTS
Raw Materials
0
0
0
0
0
Stores, Spares And Loose Tools
0
0
0
0
0
Trade/Other Goods
0
0
0
0
0
Capital Goods
0
0
0
0
0
EXPENDITURE IN FOREIGN EXCHANGE
Expenditure In Foreign Currency
0
0
0.21
0
0.38
REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS
Dividend Remittance In Foreign Currency
--
--
--
--
--
EARNINGS IN FOREIGN EXCHANGE
FOB Value Of Goods
--
--
--
--
--
Other Earnings
--
--
--
--
--
BONUS DETAILS
Bonus Equity Share Capital
--
--
--
--
--
NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market Value
--
--
--
--
--
Non-Current Investments Unquoted Book Value
--
--
--
--
--
CURRENT INVESTMENTS
Current Investments Quoted Market Value
--
--
--
--
--
Current Investments Unquoted Book Value
73.68
68.77
65.29
63.06
60.1
This balance sheet is referred to from the MoneyControl website.
Conclusion
As we mentioned, this GTL Infra suffered due to the 2G scam. Then this company has not been able to perform well, as we told you. However, since we live in a technological era, everyone needs high-speed networks and internet, and 6G services will be available soon. So, it can take advantage of this for a bright future; nevertheless, since the firm is now in debt and performing poorly in the market, we should avoid this stock.
FAQs
1. What is the future of GTL Infra shares?
Currently, GTL Infra has a poor future, but things might turn around if the business can secure a deal for 5G architecture.
2. Who is the owner of GTL company?
The founder of Global Group, Mr. Manoj Tirodkar, is the chairman of GTL Architecture Limited.
3. Why is GTL not performing well?
The business is in debt, and this piece has covered a lot of the details.
4. Is GTL Infra penny stock?
One of the biggest stocks that the Indian stock market has produced in the last year is GTL Infrastructure shares. Share-level NSE, giving its long-term stockholders a return of more than 115%.
Disclaimer
This article is just for informational purposes. Forecasting of the share price targets is based on and referred to from various sources, media reports, and predictions done by brokerage houses from time to time.
We also state that we are not SEBI-registered financial advisors. So, kindly, before taking any kind of investment in the shares, please do counsel with the certified financial advisories.
If you have any corrections or find any wrong information, do let us know at our official [email protected].