SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Dish TV India Ltd (DISHTV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532839 NSE: DISHTV TV Broadcasting & Software Production | Small Cap | Dish TV India Share Price

₹3.13 0.03 (0.97%)

As on 24-Jun'26 16:59

Dish TV India Ltd (DISHTV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532839 NSE: DISHTV TV Broadcasting & Software Production | Small Cap | Dish TV India Share Price

₹3.13 0.03 (0.97%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹576 Cr.
Current Price
₹3.1
52-Week Low / High
₹2 / 7
TTM EPS
₹-4.4
TTM Sales
₹466 Cr.
Book Value per Share
₹-20.2
P/E Ratio
0.00
Industry PE
20.7
Price to Book (P/B)
-0.15
Higher than its 5-year historical median
Price to Sales (P/S)
1.24
Lower than its 5-year historical median
EV/EBITDA
5.17
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
0.00%
Underperforms industry median
Return on Assets (ROA)
-16.01%
Operating Profit Margin
-12.3%
Net Profit Margin
-67.09%
Gross Profit Margin
-25.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-27.92%
Operating Profit Growth (1 Year)
-
-19044.74%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
4.06%
Pledged shares (%) of Promoter's holding (%)
11.61%
Reserves
₹-3,907 Cr.
Equity
₹184.1 Cr.
Face Value
₹1
All Time Low / High
₹1.82 / 142.80

Dish TV India stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is Dish TV India Ltd a good quality company?
Dish TV India Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Dish TV India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Dish TV India Ltd vs industry peers?
Dish TV India Ltd revenue CAGR is -17.29%, compared to the industry median CAGR of -2.11%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Dish TV India Ltd?
Promoters hold 4.06% of the Dish TV India Ltd, with 11.61% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Dish TV India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -28.1% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 72.2%184.9%0.2%-22.6%-29.8%-2.1%-108.4%0%0%0%-
Value Creation
Index
4.412.7-1.0-2.7-3.1-1.2-8.7NANANA-

Growth Parameters

Sales 2,2281,9452,8633,9381,5181,6041,3841,110815588466
Sales YoY Gr.--12.7%47.2%37.6%-61.5%5.7%-13.7%-19.8%-26.5%-27.9%-
Adj EPS 3.81.6-0.3-0.6-0.3-1.2-2.6-2.6-4.4-1.4-4.4
YoY Gr.--58.4%-117%NANANANANANANA-
BVPS (₹) 12.636.62921.417.74.6-6.5-13.7-15.9-20.2
Adj Net
Profit
407169-50.3-102-45.3-220-482-486-802-256-801
Cash Flow from Ops. -10583.1503-6192793111649.924.418.8-
Debt/CF from Ops. 000.3-0.81.10.30000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -13.8%-17.3%-24.8%-27.9%
Adj EPS -189.4%NANANA
BVPS-235.5%-194.2%-251.5%NA
Share Price -28.7% -26% -40.6% -37.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-402.787.5-1.4-1.7-1-6.1-23.5283.543.29.424.1
Op. Profit
Mgn %
2018.95.412.138.144.943.729.40.1-12.3-25.1
Net Profit
Mgn %
18.38.7-1.8-2.6-3-13.7-34.8-43.8-98.3-43.6-172
Debt to
Equity
0000.10.100000-
Working Cap
Days
115201331297412243306408627957135
Cash Conv.
Cycle
-25-23-31-78-366-370-302-167-179-168-2,664

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2,2281,9452,8633,9381,5181,6041,3841,110815588
Operating Expenses + 1,7841,5792,7113,460947884780784815660
Manufacturing Costs1,2821,3642,3463,098664658571548498446
Material Costs169000000000
Employee Cost 495888100817070757268
Other Costs 283157277262202156139162245146
Operating Profit 4443661524785717206043260-72
Operating Profit Margin (%) 19.9%18.8%5.3%12.1%37.6%44.9%43.6%29.3%0.0%-12.3%
Other Income + 786961112160140130147246181
Exceptional Items 000-1,705-1,919-654-2,772-2,206-767-198
Interest 86100149251338302269257258260
Depreciation 59782063203122852361934245
Profit Before Tax 377258-142-1,686-1,838-380-2,542-2,184-820-394
Tax -4390-90-396-444297-120-1545190
Profit After Tax 420168-52-1,289-1,394-678-2,422-2,030-1,338-394
PAT Margin (%) 18.9%8.6%-1.8%-32.7%-91.8%-42.3%-175.0%-182.0%-164.0%-67.1%
Adjusted EPS (₹)3.91.6-0.3-7.0-7.6-3.7-13.2-11.0-7.3-2.1
Dividend Payout Ratio (%)0%0%0%-7.10%0%0%0%0%0%0%

Valuation of Dish TV India - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1102766,7315,3333,9393,262840-1,191-2,529-2,922
Share Capital 107107184184184184184184184184
Reserves 31696,5475,1493,7553,078655-1,375-2,713-3,106
Debt +00133504298850000
Long Term Debt0090000000
Short Term Debt00124504298850000
Minority Interest0000000000
Trade Payables2021195441,2411,1591,076574376384342
Others Liabilities 1,3871,6703,9943,7623,5643,8283,9423,9274,6514,997
Total Liabilities 1,6992,06411,40210,8408,9618,2515,3553,1122,5062,418

Fixed Assets

Net Fixed Assets +2362886,6634,9092,7781,86794076294104
Gross Block6517357,3175,8834,0413,6153,6403,6547,5757,629
Accumulated Depreciation4154486549741,2621,7482,7012,8937,4817,524
CWIP 33226021582220
Investments 2683033233,4015,1535,1543,1001,530778595
Inventories0000000000
Trade Receivables6481128110656970785372
Cash Equivalents 245229393753478140145142127
Others Assets 8521,1403,8362,3249251,0761,1035961,4371,519
Total Assets 1,6992,06411,40210,8408,9618,2515,3553,1122,5062,418

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -10583503-619279311164102419
PBT 37725848-1,686-1,838-380-2,542-2,184-53-196
Adjustment 831306722,1982,4531,1443,1572,529131138
Changes in Working Capital -560-222-195-1127-331-439-501-313-2873
Tax Paid -6-82-22-5-5-1551-22-265
Cash Flow From Investing Activity + 91754185-77-30-80-1-258
Capex -115-117-247-91-69-29-24-14-12-9
Net Investments 111118260263-10-6-672-243
Others 121541132411111014
Cash Flow From Financing Activity + 10-411235-262-239-90-5-7-24
Net Proceeds from Shares 2100000000
Net Proceeds from Borrowing 00-314-24000000
Interest Paid -1-0-152-11-56-26-4-5-7-6
Dividend Paid 000-91000000
Others 0054361-205-213-850-0-18
Net Cash Flow -96100145-199-6041-54-83

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)087.04-1.49-21.38-30.07-18.82-118.11N/AN/AN/A
ROCE (%)72.24184.890.19-22.56-29.76-2.05-108.4N/AN/AN/A
Asset Turnover Ratio0.921.030.430.350.150.190.20.260.290.24
PAT to CFO Conversion(x)-0.250.49N/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days10.5013.7013.301121.1015.3018.3024.3029.4038.90
Inventory Days0000000000
Payable Days343000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *11.6811.6811.6811.6811.6811.6811.6411.6411.6411.61
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Dish TV India Ltd FAQs

The current trading price of Dish TV India on 24-Jun-2026 16:59 is ₹3.13.

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 23-Jun-2026 the market cap of Dish TV India stood at ₹576.3 Cr

The latest P/E ratio of Dish TV India as of 23-Jun-2026 is 0.00.

The latest P/B ratio of Dish TV India as of 23-Jun-2026 is -0.15.

The 52-week high of Dish TV India is ₹6.55 and the 52-week low is ₹1.82.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dish TV India is ₹466 ( Cr.) .

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

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

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.

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.
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: