Dish TV India Ltd - Stock Valuation and Financial Performance

BSE: 532839 | NSE: DISHTV | TV Broadcasting & Software Production | Small Cap

Dish TV India Share Price

12.69 0.01 0.08%
as on 05-Nov'24 00:00

DeciZen - make an informed investing decision on Dish TV India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Dish TV India stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
2,336.6 Cr.
52-wk low:
12.2
52-wk high:
26

Is Dish TV India Ltd an attractive stock to invest in?

1. Is Dish TV India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Dish TV India Ltd is a average quality company.

2. Is Dish TV India Ltd undervalued or overvalued?

The key valuation ratios of Dish TV India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Dish TV India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Dish TV India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Dish TV India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Dish TV India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 16.5%72.2%184.9%0.2%-22.6%-29.8%-2.1%-108.4%0%0%-
Value Creation
Index
0.24.412.7-1.0-2.7-3.1-1.2-8.7NANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,6882,2281,9452,8633,9381,5181,6041,3841,110815770
Sales YoY Gr.--17.1%-12.7%47.2%37.6%-61.5%5.7%-13.7%-19.8%-26.5%-
Adj EPS 0.33.81.6-0.3-0.6-0.3-1.2-2.6-2.6-4.4-7.5
YoY Gr.-1428%-58.4%-117%NANANANANANA-
BVPS (₹) -2.912.636.62921.417.74.6-6.5-13.7-14
Adj Net
Profit
26.9407169-50.3-102-45.3-220-482-486-802-1,383
Cash Flow from Ops. 774-10583.1503-6192793111649.924.3-
Debt/CF from Ops. 1.9000.3-0.81.10.3000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -12.4%-27%-20.2%-26.5%
Adj EPS -237.4%NANANA
BVPSNA-186.2%-191.9%NA
Share Price -14% -2.1% -9.6% -30.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-8.7-402.787.5-1.4-1.7-1-6.1-23.5283.543.254.2
Op. Profit
Mgn %
28.72018.95.412.138.144.943.729.411.25.3
Net Profit
Mgn %
118.38.7-1.8-2.6-3-13.7-34.8-43.8-98.3-179.6
Debt to
Equity
-4.80000.10.10000-
Working Cap
Days
5711520133129741224330640862736
Cash Conv.
Cycle
-11-25-23-31-78-366-370-302-167-179-476

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 54.20%

Sales growth has been subdued in last 3 years -20.20%

Sales growth is not so good in last 4 quarters at -25.34%

Latest Financials - Dish TV India Ltd.

Standalone Consolidated
TTM EPS (₹) -7.5 -10.8
TTM Sales (₹ Cr.) 770 1,812
BVPS (₹.) -14 -15
Reserves (₹ Cr.) -2,756 -2,945
P/BV -0.91 -0.85
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 12.17 / 26.01
All Time Low / High (₹) 3.93 / 142.80
Market Cap (₹ Cr.) 2,337
Equity (₹ Cr.) 184.1
Face Value (₹) 1
Industry PE 19.8

Management X-Ray of Dish TV India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *11.6811.6811.6811.6811.6811.6811.6811.6811.6811.68
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Dish TV India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2,6882,2281,9452,8633,9381,5181,6041,3841,110815
Operating Expenses 1,9411,7841,5792,7113,460947884780784724
Manufacturing Costs1,2621,2821,3642,3463,098664658571548498
Material Costs616900000000
Employee Cost 1014958881008170707572
Other Costs 572283157277262202156139162154
Operating Profit 74744436615247857172060432691
Operating Profit Margin (%) 27.8%19.9%18.8%5.3%12.1%37.6%44.9%43.6%29.3%11.1%
Other Income 55786961112160140130147156
Interest 17586100149251338302269257258
Depreciation 614597820632031228523619342
Exceptional Items 0000-1,705-1,919-654-2,772-2,206-767
Profit Before Tax 13377258-142-1,686-1,838-380-2,542-2,184-820
Tax 0-4390-90-396-444297-120-154519
Profit After Tax 13420168-52-1,289-1,394-678-2,422-2,030-1,338
PAT Margin (%) 0.5%18.9%8.6%-1.8%-32.7%-91.8%-42.3%-175.0%-182.0%-164.0%
Adjusted EPS (₹)0.13.91.6-0.3-7.0-7.6-3.7-13.2-11.0-7.3
Dividend Payout Ratio (%)0%0%0%0%-7%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund -3121102766,7315,3333,9393,262840-1,191-2,529
Share Capital 107107107184184184184184184184
Reserves -41831696,5475,1493,7553,078655-1,375-2,713
Minority Interest0000000000
Debt480013350429885000
Long Term Debt0009000000
Short Term Debt480012450429885000
Trade Payables1162021195441,2411,1591,076574376384
Others Liabilities 3,3041,3871,6703,9943,7623,5643,8283,9423,9274,651
Total Liabilities 3,1571,6992,06411,40210,8408,9618,2515,3553,1122,506

Fixed Assets

Gross Block4,8156517357,3175,8834,0413,6153,6403,6543,663
Accumulated Depreciation3,3624154486549741,2621,7482,7012,8933,569
Net Fixed Assets1,4532362886,6634,9092,7781,86794076294
CWIP 4123322602158222
Investments 3182683033233,4015,1535,1543,1001,530778
Inventories10000000000
Trade Receivables6464811281106569707853
Cash Equivalents 425245229393753478140145142
Others Assets4758521,1403,8362,3249251,0761,1035961,437
Total Assets 3,1571,6992,06411,40210,8408,9618,2515,3553,1122,506

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 774-10583503-6192793111641024
PBT 137725848-1,686-1,838-380-2,542-2,184-820
Adjustment 738831306722,1982,4531,1443,1572,529947
Changes in Working Capital 41-560-222-195-1127-331-439-501-313-78
Tax Paid -7-6-82-22-5-5-1551-22-26
Cash Flow From Investing Activity -67791754185-77-30-80-1-25
Capex -694-115-117-247-91-69-29-24-14-12
Net Investments -21111118260263-10-6-672-24
Others 381215411324111110
Cash Flow From Financing Activity -3610-411235-262-239-90-5-7
Net Proceeds from Shares 3210000000
Net Proceeds from Borrowing 000-314-2400000
Interest Paid -76-10-152-11-56-26-4-5-7
Dividend Paid 0000-9100000
Others 360054361-205-213-8500
Net Cash Flow 60-96100145-199-6041-54-8
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/A087.04-1.49-21.38-30.07-18.82-118.11N/AN/A
ROCE (%)N/A72.24184.890.19-22.56-29.76-2.05-108.4N/AN/A
Asset Turnover Ratio0.910.921.030.430.350.150.190.20.260.29
PAT to CFO Conversion(x)59.54-0.250.49N/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days7101413112115182429
Inventory Days1000000000
Payable Days8,07434300000000

Dish TV India Ltd Stock News

Dish TV India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dish TV India on 05-Nov-2024 00:00 is ₹12.69.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Nov-2024 00:00 the market cap of Dish TV India stood at ₹2,336.6.
The latest P/E ratio of Dish TV India as of 05-Nov-2024 00:00 is 0.00.
The latest P/B ratio of Dish TV India as of 05-Nov-2024 00:00 is -0.91.
The 52-week high of Dish TV India is ₹26.01 and the 52-week low is ₹12.17.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dish TV India is ₹769.8 ( Cr.) .

About Dish TV India Ltd

Asia's largest Direct to Home Entertainment Company DishTV is the pioneer when it comes to digital entertainment. The innovative offerings and revolutionary features of DishTV have earned it a prestigious place of being World’s third largest DTH Company.

Dish TV India Limited was incorporated on August 10, 1988. It is India’s leading direct-to-home (DTH) Company and owns multiple individual brands like Dish TV, Zing and d2h under its umbrella. The company benefits from multiple satellite platforms including SES-8, GSAT-15 and ST-2 and has a bandwidth capacity of 1188 MHz, the largest held by any DTH player in the country.

Dish TV has on its platform have lots of channels & services including audio channels and HD channels & services. The Company has a vast distribution network of distributors & dealers that span across thousands of towns in the country. Dish TV India Limited is connected with its pan-India customer base through call-centres that are spread across various cities and are equipped to handle customer queries 24X7 in many different languages.

Being the leader in DTH services, DishTV has changed the face of Indian Television by making it possible for every customer to have access to premium quality digital entertainment. Enhancing the viewing experiencing, the tri-satellite technology that broadcasts Hi-Definition and Standard Definition signals, DishTV has taken the standards of television to incredible heights.

Adding to the world class TV viewing experience, DishTV gives freedom to its customers to select channels of their choice, customize their own entertainment packages and pay just for the same. As a plethora of channel packs are accessible, the customers have the free hand to build their package to suit their taste and budget. Upping the entertainment quotient, DishTV also provides its customers with features like radio channels, electronic program guide, parental lock, capacity for more than many channels and movies on demand.

Business area of the company

Dish TV is a part of Essel Group, is India’s first direct to home entertainment service. The company provides various channels. It also provides games, interactive TV, Movies on Demand, etc. Dish TV is market leader in Direct to home (DTH) service having a pan-India presence.     

Products

  • dishSMRT Hub
  • DishNXT HD
  • DishNXT
  • dishSMRT-Kit
  • DishSMRT Stick
  • HD-upgrade
  • Universal Remote
  • DISH on wheels
  • 2nd DISHTV Connection

Awards and recognitions

  • 2011: Recognized as DTH Star Brand India by Then Consumer
  • 2011: Recognized as Power Brand by The Indian Consumer
  • 2012: iCMG Architecture Awards 2012 India
  • 2012: Recognized as Power Brand by The Indian Consumer
  • 2012: Recognized as DTH Service provider of the year by India ICT Awards
  • 2013: Recognized as the Most Attractive DTH Brand
  • 2013: Recognized for the Best Direct Marketing Campaign
  • 2014: Recognized for Financial Focus and Acumen
  • 2014: Recognized as Most Trusted DTH Brand
  • 2014: Recognized for Best Promotional Marketing Campaign
  • 2014: Recognized for Innovative Service of the Year
  • 2014: Recognized for Innovation in Programming
  • 2018: Dish TV’s innovative mobile & AR/VR campaign wins 4 awards at MOBEXX Awards
  • 2018: Dish TV wins IDC Insights Awards for ‘Excellence in Operations category’
  • 2019: DishTV’s Watcho bags accolades at the mCube Awards
  • 2019: Dish TV continues its winning streak at BCS Ratna Award
  • 2020: Double-delight-for-d2h-bags-two-awards-at-The-Customer-Fest-Show-2020. The company won two awards under the category ‘Best Integrated Media Campaign’ and ‘Best use of Insights to Enhance Customer Experience’ for its immensely popular campaigns ‘loyalty Ki Royalty’ and ‘You Promise We Resume’ respectively.
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