Dish TV India Ltd

Dish TV India Ltd

₹ 10.5 -2.42%
21 Nov 4:00 p.m.
About

Dish TV India Ltd is a leading direct-to-home (DTH) company, providing DTH services across the segments in the country.
It offers a large number of SD and HD channels to cater to the requirements of the customers spread all across the country in addition to providing various Value-Added Services.
It provides services under its own 3 brands i.e. DishTV, d2h and Zing Digital.[1]

Key Points

Market Share
Post the amalgamation of Vd2h into DTIL, DTIL continues to maintain a strong market position occupying 25% market share, amongst the DTH players as on March 31, 2021. The company has an active subscriber base of around 13.62 million as on March 31, 2021. [1]

  • Market Cap 1,924 Cr.
  • Current Price 10.5
  • High / Low 26.0 / 10.4
  • Stock P/E
  • Book Value -15.2
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -21.3% over past five years.
  • Promoter holding is low: 4.04%
  • Contingent liabilities of Rs.1,490 Cr.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
718 711 643 609 596 552 505 500 479 470 407 455 396
291 285 290 285 283 290 490 287 284 290 242 291 251
Operating Profit 427 426 353 324 313 262 15 213 195 180 165 164 145
OPM % 59% 60% 55% 53% 52% 47% 3% 43% 41% 38% 41% 36% 37%
4 5 -2,647 5 5 15 -1,899 3 7 4 -398 6 5
Interest 84 78 80 73 74 74 57 66 66 65 70 67 66
Depreciation 292 244 238 232 215 202 200 122 119 117 115 105 121
Profit before tax 55 109 -2,612 24 30 -0 -2,141 28 18 3 -417 -2 -37
Tax % 36% 26% -22% 24% 26% 738% -20% 26% 70% 203% 377% -0% -0%
35 80 -2,032 18 22 -3 -1,721 21 5 -3 -1,990 -2 -37
EPS in Rs 0.17 0.44 -10.85 0.10 0.12 -0.02 -9.34 0.11 0.03 -0.02 -10.81 -0.01 -0.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,167 2,509 2,688 3,060 3,014 4,634 6,166 3,556 3,249 2,802 2,262 1,857 1,728
1,587 1,885 1,955 2,035 2,046 3,310 4,112 1,438 1,200 1,145 1,255 1,096 1,073
Operating Profit 580 624 733 1,025 968 1,324 2,055 2,119 2,050 1,657 1,006 761 655
OPM % 27% 25% 27% 34% 32% 29% 33% 60% 63% 59% 44% 41% 38%
110 -52 63 64 61 46 -1,521 -1,915 -797 -2,643 -1,967 -391 -383
Interest 128 133 175 209 229 396 629 565 418 325 278 267 268
Depreciation 628 597 614 591 691 1,072 1,441 1,426 1,532 1,071 849 472 457
Profit before tax -66 -158 7 290 109 -98 -1,536 -1,787 -698 -2,381 -2,088 -369 -453
Tax % 0% 0% 57% -139% 25% -13% -24% -7% 71% -22% -19% 433%
-66 -158 3 692 82 -85 -1,163 -1,655 -1,190 -1,867 -1,684 -1,967 -2,031
EPS in Rs -0.62 -1.48 0.03 6.50 0.86 -0.41 -6.22 -8.90 -6.40 -9.95 -9.14 -10.68 -11.04
Dividend Payout % -0% -0% -0% -0% -0% -0% -8% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -3%
5 Years: -21%
3 Years: -17%
TTM: -15%
Compounded Profit Growth
10 Years: 11%
5 Years: -36%
3 Years: -30%
TTM: -1598%
Stock Price CAGR
10 Years: -16%
5 Years: -8%
3 Years: -16%
1 Year: -46%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 106 106 107 107 107 184 184 184 184 184 184 184 184
Reserves -262 -419 -420 274 299 6,570 5,306 3,666 2,503 752 -973 -2,940 -2,979
1,633 1,410 1,484 1,231 1,137 3,154 2,758 1,784 810 378 75 2 15
1,677 1,673 1,996 2,327 2,627 5,264 6,097 5,975 5,788 5,354 5,199 5,463 5,561
Total Liabilities 3,155 2,770 3,166 3,939 4,170 15,172 14,346 11,609 9,285 6,668 4,485 2,709 2,781
1,434 1,357 1,454 1,810 2,042 12,185 10,235 7,681 6,006 3,018 1,056 1,072 1,151
CWIP 654 423 497 610 580 678 767 1,148 947 962 652 352 328
Investments 278 200 200 232 165 150 -0 -0 -0 -0 -0 16 16
789 790 1,015 1,287 1,383 2,159 3,344 2,780 2,331 2,689 2,777 1,270 1,286
Total Assets 3,155 2,770 3,166 3,939 4,170 15,172 14,346 11,609 9,285 6,668 4,485 2,709 2,781

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
609 705 767 1,132 821 1,036 1,090 2,204 1,574 1,141 668 676
-786 -301 -670 -809 -625 -493 -452 -926 -481 -668 -341 -595
122 -461 -36 -352 -115 -414 -849 -1,257 -1,112 -494 -328 -88
Net Cash Flow -55 -56 61 -29 82 129 -210 21 -19 -20 -1 -7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 5 6 9 9 11 12 8 9 10 10 15 13
Inventory Days
Days Payable
Cash Conversion Cycle 5 6 9 9 11 12 8 9 10 10 15 13
Working Capital Days -324 -259 -397 -237 -322 -420 -297 -638 -624 -631 -743 -945
ROCE % -0% 7% 16% 36% 21% 5% 7% 10% 12% 26% 70%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
5.93% 5.93% 4.04% 4.04% 4.04% 4.04% 4.04% 4.04% 4.04% 4.04% 4.04% 4.04%
10.99% 11.39% 10.70% 10.11% 10.11% 9.91% 10.29% 11.77% 11.75% 10.87% 9.78% 9.75%
26.62% 26.57% 26.56% 26.60% 2.34% 2.33% 2.33% 3.01% 2.46% 2.31% 2.33% 2.82%
56.46% 56.11% 58.70% 59.25% 83.49% 83.71% 83.32% 81.18% 81.76% 82.78% 83.85% 83.38%
No. of Shareholders 2,54,0442,62,5792,63,0922,60,1352,58,5352,60,1592,66,2032,82,4442,87,0033,57,5913,70,5223,66,527

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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