BSE: 532839 | NSE: DISHTV | TV Broadcasting & Software Production | Small Cap
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 Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dish TV India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -1.6% | 13.2% | 72.8% | 123.7% | 1.5% | 1.2% | 3.8% | -0.2% | -14% | 178.6% | - |
| Value Creation Index ⓘ | NA | 0.0 | 4.4 | 8.2 | -0.9 | -0.9 | -0.7 | -1.0 | -2.0 | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 2,509 | 2,688 | 2,228 | 1,945 | 2,863 | 3,938 | 1,518 | 1,604 | 1,384 | 1,110 | 900 |
| Sales YoY Gr. | - | 7.1% | -17.1% | -12.7% | 47.2% | 37.6% | -61.5% | 5.7% | -13.7% | -19.8% | - |
| Adj EPS ⓘ | -1.1 | 0.3 | 3.8 | 1.6 | -0.3 | -0.6 | -0.3 | -1.2 | -2.6 | -2.6 | -11.2 |
| YoY Gr. | - | NA | 1428% | -58.4% | -117% | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | -2.9 | -2.9 | 1 | 2.6 | 36.6 | 29 | 21.4 | 17.7 | 4.6 | -6.5 | -6.6 |
| Adj Net Profit ⓘ | -114 | 26.9 | 407 | 169 | -50.3 | -102 | -45.3 | -220 | -482 | -486 | -2,070 |
| Cash Flow from Ops. ⓘ | 708 | 774 | -105 | 83.1 | 503 | -619 | 279 | 311 | 164 | 9.9 | - |
| Debt/CF from Ops. ⓘ | 2 | 1.9 | 0 | 0 | 0.3 | -0.8 | 1.1 | 0.3 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -8.7% | -17.3% | -9.9% | -19.8% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | -170.7% | -167.1% | -241.9% | ||||
| Share Price | -9.4% | -15.1% | 24.4% | 32.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 49.1 | -8.7 | -402.7 | 87.5 | -1.4 | -1.7 | -1 | -6.1 | -23.5 | 283.5 | 172.7 |
| Op. Profit Mgn % ⓘ | 22.1 | 28.7 | 20 | 18.9 | 5.4 | 12.1 | 38.1 | 44.9 | 43.7 | 29.4 | 17.2 |
| Net Profit Mgn % ⓘ | -4.5 | 1 | 18.3 | 8.7 | -1.8 | -2.6 | -3 | -13.7 | -34.8 | -43.8 | -229.9 |
| Debt to Equity ⓘ | -4.6 | -4.8 | 0 | 0 | 0 | 0.1 | 0.1 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 57 | 57 | 115 | 201 | 331 | 297 | 412 | 243 | 306 | 408 | 63 |
| Cash Conv. Cycle ⓘ | -22 | -11 | -25 | -23 | -31 | -78 | -366 | -370 | -302 | -167 | -891 |
Return on Equity has increased versus last 3 years average to 172.70%
Sales growth has been subdued in last 3 years -9.92%
Sales growth is not so good in last 4 quarters at -24.20%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -11.2 | -9.2 |
| TTM Sales (₹ Cr.) | 900 | 1,954 |
| BVPS (₹.) ⓘ | -6.6 | -4.2 |
| Reserves (₹ Cr.) ⓘ | -1,390 | -954 |
| P/BV ⓘ | -2.70 | -4.23 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 13.23 / 26.01 |
| All Time Low / High (₹) | 3.93 / 142.80 |
| Market Cap (₹ Cr.) | 3,257 |
| Equity (₹ Cr.) | 184.1 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 17.4 |
| Pledged * | 39.82 | 39.82 | 39.82 | 11.68 | 11.68 | 11.68 | 11.68 | 11.68 | 11.68 | 11.68 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,509 | 2,688 | 2,228 | 1,945 | 2,863 | 3,938 | 1,518 | 1,604 | 1,384 | 1,110 |
| Operating Expenses ⓘ | 1,992 | 1,941 | 1,784 | 1,579 | 2,711 | 3,460 | 947 | 884 | 780 | 784 |
| Manufacturing Costs | 1,197 | 1,262 | 1,282 | 1,364 | 2,346 | 3,098 | 664 | 658 | 571 | 548 |
| Material Costs | 7 | 6 | 169 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 89 | 101 | 49 | 58 | 88 | 100 | 81 | 70 | 70 | 75 |
| Other Costs ⓘ | 698 | 572 | 283 | 157 | 277 | 262 | 202 | 156 | 139 | 162 |
| Operating Profit ⓘ | 517 | 747 | 444 | 366 | 152 | 478 | 571 | 720 | 604 | 326 |
| Operating Profit Margin (%) | 20.6% | 27.8% | 19.9% | 18.8% | 5.3% | 12.1% | 37.6% | 44.9% | 43.6% | 29.3% |
| Other Income ⓘ | 79 | 55 | 78 | 69 | 61 | 112 | 160 | 140 | 130 | 147 |
| Interest ⓘ | 133 | 175 | 86 | 100 | 149 | 251 | 338 | 302 | 269 | 257 |
| Depreciation ⓘ | 597 | 614 | 59 | 78 | 206 | 320 | 312 | 285 | 236 | 193 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | -1,705 | -1,919 | -654 | -2,772 | -2,206 |
| Profit Before Tax ⓘ | -134 | 13 | 377 | 258 | -142 | -1,686 | -1,838 | -380 | -2,542 | -2,184 |
| Tax ⓘ | 0 | 0 | -43 | 90 | -90 | -396 | -444 | 297 | -120 | -154 |
| Profit After Tax | -134 | 13 | 420 | 168 | -52 | -1,289 | -1,394 | -678 | -2,422 | -2,030 |
| PAT Margin (%) | -5.3% | 0.5% | 18.9% | 8.6% | -1.8% | -32.7% | -91.8% | -42.3% | -175.0% | -182.0% |
| Adjusted EPS (₹) | -1.3 | 0.1 | 3.9 | 1.6 | -0.3 | -7.0 | -7.6 | -3.7 | -13.2 | -11.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | -7% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -309 | -312 | 110 | 276 | 6,731 | 5,333 | 3,939 | 3,262 | 840 | -1,191 |
| Share Capital ⓘ | 107 | 107 | 107 | 107 | 184 | 184 | 184 | 184 | 184 | 184 |
| Reserves ⓘ | -415 | -418 | 3 | 169 | 6,547 | 5,149 | 3,755 | 3,078 | 655 | -1,375 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 845 | 48 | 0 | 0 | 133 | 504 | 298 | 85 | 0 | 0 |
| Long Term Debt | 779 | 0 | 0 | 0 | 9 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 66 | 48 | 0 | 0 | 124 | 504 | 298 | 85 | 0 | 0 |
| Trade Payables | 134 | 116 | 202 | 119 | 544 | 1,241 | 1,159 | 1,076 | 574 | 376 |
| Others Liabilities ⓘ | 2,103 | 3,304 | 1,387 | 1,670 | 3,994 | 3,762 | 3,564 | 3,828 | 3,942 | 3,927 |
| Total Liabilities ⓘ | 2,773 | 3,157 | 1,699 | 2,064 | 11,402 | 10,840 | 8,961 | 8,251 | 5,355 | 3,112 |
Fixed Assets | ||||||||||
| Gross Block | 4,098 | 4,815 | 651 | 735 | 7,317 | 5,883 | 4,041 | 3,615 | 3,640 | 3,654 |
| Accumulated Depreciation | 2,742 | 3,362 | 415 | 448 | 654 | 974 | 1,262 | 1,748 | 2,701 | 2,893 |
| Net Fixed Assetsⓘ | 1,356 | 1,453 | 236 | 288 | 6,663 | 4,909 | 2,778 | 1,867 | 940 | 762 |
| CWIP ⓘ | 369 | 412 | 33 | 22 | 60 | 21 | 5 | 8 | 2 | 2 |
| Investmentsⓘ | 318 | 318 | 268 | 303 | 323 | 3,401 | 5,153 | 5,154 | 3,100 | 1,530 |
| Inventories | 7 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 41 | 64 | 64 | 81 | 128 | 110 | 65 | 69 | 70 | 78 |
| Cash Equivalents | 340 | 425 | 245 | 229 | 393 | 75 | 34 | 78 | 140 | 145 |
| Others Assetsⓘ | 340 | 475 | 852 | 1,140 | 3,836 | 2,324 | 925 | 1,076 | 1,103 | 596 |
| Total Assets ⓘ | 2,773 | 3,157 | 1,699 | 2,064 | 11,402 | 10,840 | 8,961 | 8,251 | 5,355 | 3,112 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 708 | 774 | -105 | 83 | 503 | -619 | 279 | 311 | 164 | 10 |
| PBT ⓘ | -154 | 1 | 377 | 258 | 48 | -1,686 | -1,838 | -380 | -2,542 | -2,184 |
| Adjustment ⓘ | 672 | 738 | 83 | 130 | 672 | 2,198 | 2,453 | 1,144 | 3,157 | 2,529 |
| Changes in Working Capital ⓘ | 196 | 41 | -560 | -222 | -195 | -1127 | -331 | -439 | -501 | -313 |
| Tax Paid ⓘ | -6 | -7 | -6 | -82 | -22 | -5 | -5 | -15 | 51 | -22 |
| Cash Flow From Investing Activity ⓘ | -303 | -677 | 9 | 17 | 54 | 185 | -77 | -30 | -80 | -1 |
| Capex | -283 | -694 | -115 | -117 | -247 | -91 | -69 | -29 | -24 | -14 |
| Net Investments | -44 | -21 | 111 | 118 | 260 | 263 | -10 | -6 | -67 | 2 |
| Others ⓘ | 24 | 38 | 12 | 15 | 41 | 13 | 2 | 4 | 11 | 11 |
| Cash Flow From Financing Activityⓘ | -462 | -36 | 1 | 0 | -411 | 235 | -262 | -239 | -90 | -5 |
| Net Proceeds from Shares ⓘ | 0 | 3 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | -314 | -24 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -63 | -76 | -1 | 0 | -152 | -11 | -56 | -26 | -4 | -5 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -91 | 0 | 0 | 0 | 0 |
| Others ⓘ | -399 | 36 | 0 | 0 | 54 | 361 | -205 | -213 | -85 | 0 |
| Net Cash Flow ⓘ | -57 | 60 | -96 | 100 | 145 | -199 | -60 | 41 | -5 | 4 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | 0 | 87.04 | -1.49 | -21.38 | -30.07 | -18.82 | -118.11 | N/A |
| ROCE (%) | N/A | N/A | 72.24 | 184.89 | 0.19 | -22.56 | -29.76 | -2.05 | -108.4 | N/A |
| Asset Turnover Ratio | 0.85 | 0.91 | 0.92 | 1.03 | 0.43 | 0.35 | 0.15 | 0.19 | 0.2 | 0.26 |
| PAT to CFO Conversion(x) | N/A | 59.54 | -0.25 | 0.49 | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 5 | 7 | 10 | 14 | 13 | 11 | 21 | 15 | 18 | 24 |
| Inventory Days | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 8,494 | 8,074 | 343 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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
Awards and recognitions
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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