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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532839 | NSE: DISHTV

Fundamental Analysis of Dish TV India Ltd

Basic Stock Data of Dish TV India Ltd

Last Updated: July 19, 2024, 11:13 pm

Market Cap 2,747 Cr.
Current Price 14.9
High / Low26.0/12.8
Stock P/E
Book Value 15.0
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 1.00
PEG Ratio0.00

Data Source: screener.in

Competitors of Dish TV India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Diksat Transworld Ltd 228 Cr. 130165/120217 14.40.00 %3.33 %4.35 % 10.0
Diligent Media Corporation Ltd 60.3 Cr. 5.127.17/2.758.98 21.90.00 %8.07 %% 1.00
Pressman Advertising Ltd 626 Cr. 266272/149116 20.00.38 %12.2 %9.46 % 2.00
Zee Media Corporation Ltd 819 Cr. 13.118.3/9.60 4.630.00 %18.3 %29.9 % 1.00
Saregama India Ltd 10,217 Cr. 529581/31051.7 76.10.76 %19.4 %14.1 % 1.00
Industry Average2,408.71 Cr137.63126.3964.740.14%10.71%9.43%6.05

Dish TV India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales815.67751.75730.97718.15710.67642.70608.63596.31552.09504.82500.16479.15470.27
Expenses311.73325.71292.20291.18284.71290.15284.82283.38290.49489.78287.49283.80289.87
Operating Profit503.94426.04438.77426.97425.96352.55323.81312.93261.6015.04212.67195.35180.40
OPM %61.78%56.67%60.03%59.45%59.94%54.85%53.20%52.48%47.38%2.98%42.52%40.77%38.36%
Other Income3.13-776.278.363.974.91-2,647.204.625.3914.73-1,899.153.046.734.31
Interest97.3792.4883.3283.6477.8179.8173.0173.7374.2257.0266.1165.7165.40
Depreciation314.84536.38297.28291.97244.04237.60231.87214.57202.45200.21121.86118.58116.55
Profit before tax94.86-979.0966.5355.33109.02-2,612.0623.5530.02-0.34-2,141.3427.7417.792.76
Tax %8.91%-44.55%26.14%35.98%26.43%22.21%24.20%26.45%-738.24%19.65%25.96%69.59%202.54%
Net Profit86.41-1,415.2349.1435.4280.21-2,031.9917.8522.08-2.85-1,720.6220.545.41-2.83
EPS in Rs0.49-7.650.270.170.44-10.850.100.12-0.02-9.340.110.03-0.02

Last Updated: July 10, 2024, 4:34 pm

Dish TV India Ltd Quarterly Chart

Dish TV India Ltd Profit & Loss - Annual Report

Last Updated: July 10, 2024, 4:34 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,9582,1672,5092,6883,0603,0144,6346,1663,5563,2492,8022,2621,954
Expenses1,4301,5871,8851,9552,0352,0463,3104,1121,4381,2001,1451,2551,351
Operating Profit5285806247331,0259681,3242,0552,1192,0501,6571,006603
OPM %27%27%25%27%34%32%29%33%60%63%59%44%31%
Other Income58110-5263646146-1,521-1,915-797-2,643-1,967-1,885
Interest197128133175209229396629565418325278254
Depreciation5226285976145916911,0721,4411,4261,5321,071849557
Profit before tax-133-66-1587290109-98-1,536-1,787-698-2,381-2,088-2,093
Tax %0%-0%-0%57%-139%25%13%24%7%-71%22%19%
Net Profit-133-66-158369282-85-1,163-1,655-1,190-1,867-1,684-1,697
EPS in Rs-1.25-0.62-1.480.036.500.86-0.41-6.22-8.90-6.40-9.95-9.14-9.22
Dividend Payout %0%0%0%0%0%0%0%-8%0%0%0%0%

Dish TV India Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)50.38%-139.39%101.90%22966.67%-88.15%-203.66%-1268.24%-42.30%28.10%-56.89%9.80%
Change in YoY Net Profit Growth (%)0.00%-189.77%241.29%22864.77%-23054.82%-115.51%-1064.58%1225.93%70.40%-84.99%66.69%

Dish TV India Ltd Growth

Compounded Sales Growth
10 Years:-3%
5 Years:-21%
3 Years:-17%
TTM:-18%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-1099%
Stock Price CAGR
10 Years:-13%
5 Years:-14%
3 Years:1%
1 Year:-19%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: July 17, 2024, 5:48 pm

Dish TV India Ltd Balance Sheet

Last Updated: July 10, 2024, 4:34 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital106106106107107107184184184184184184184
Reserves-200-262-419-4202742996,5705,3063,6662,503752-973-949
Borrowings1,4001,6331,4101,4841,2311,1373,1542,7581,784812378750
Other Liabilities1,3281,6771,6731,9962,3272,6275,2646,0975,9755,7865,3545,2205,395
Total Liabilities2,6343,1552,7703,1663,9394,17015,17214,34611,6099,2856,6684,5064,630
Fixed Assets1,4201,4341,3571,4541,8102,04212,18510,2357,6816,0063,0181,0561,519
CWIP3886544234976105806787671,148947962652263
Investments1502782002002321651500000012
Other Assets6757897901,0151,2871,3832,1593,3442,7802,3312,6892,7982,837
Total Assets2,6343,1552,7703,1663,9394,17015,17214,34611,6099,2856,6684,5064,630

Dish TV India Ltd Reserves and Borrowings Chart

Dish TV India Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 6097057671,1328211,0361,0902,2041,5741,141668676
Cash from Investing Activity -786-301-670-809-625-493-452-926-481-669-341-595
Cash from Financing Activity 122-461-36-352-115-414-849-1,257-1,112-494-328-88
Net Cash Flow-55-5661-2982129-21021-19-21-1-7

Dish TV India Ltd Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow528.00579.00623.00732.000.00967.00-2.000.001.00-810.00-377.00-74.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Dish TV India Ltd Free Cash Flow Chart

Dish TV India Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days569911128910101513
Inventory Days
Days Payable
Cash Conversion Cycle569911128910101513
Working Capital Days-324-259-397-237-322-420-297-638-587-631-747-942
ROCE %-0%7%16%36%21%5%7%10%12%26%70%

Dish TV India Ltd Financial Efficiency Indicators Chart

Dish TV India Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters5.93%5.93%5.93%5.93%4.04%4.04%4.04%4.04%4.04%4.04%4.04%4.04%
FIIs10.19%12.17%10.99%11.39%10.70%10.11%10.11%9.91%10.29%11.77%11.75%10.87%
DIIs2.37%26.59%26.62%26.57%26.56%26.60%2.34%2.33%2.33%3.01%2.46%2.31%
Public81.51%55.31%56.46%56.11%58.70%59.25%83.49%83.71%83.32%81.18%81.76%82.78%
No. of Shareholders2,51,3692,48,6492,54,0442,62,5792,63,0922,60,1352,58,5352,60,1592,66,2032,82,4442,87,0033,57,591

Dish TV India Ltd Shareholding Pattern Chart

No. of Dish TV India Ltd Shareholders

Dish TV India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Aditya Birla Sun Life Flexi Cap Fund29,343,6360.358.2529,343,6362024-07-180%

Dish TV India Ltd ROCE Trend

Dish TV India Ltd EPS Trend

Dish TV India Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-10.22-8.75-9.51-6.12-8.52
Diluted EPS (Rs.)-10.21-8.75-9.51-6.12-8.52
Cash EPS (Rs.)-8.12-4.53-4.321.86-1.24
Book Value[Excl.RevalReserv]/Share (Rs.)-14.97-4.284.7514.2720.63
Book Value[Incl.RevalReserv]/Share (Rs.)-14.97-4.284.7514.2720.63
Revenue From Operations / Share (Rs.)10.0812.2815.2217.6519.31
PBDIT / Share (Rs.)4.205.149.0611.0411.51
PBIT / Share (Rs.)1.640.523.242.723.77
PBT / Share (Rs.)-2.00-11.34-12.93-3.79-9.71
Net Profit / Share (Rs.)-10.68-9.14-10.14-6.46-8.99
NP After MI And SOA / Share (Rs.)-10.68-9.14-9.95-6.40-8.90
PBDIT Margin (%)41.6341.8459.5262.5559.60
PBIT Margin (%)16.214.3021.3115.4019.49
PBT Margin (%)-19.85-92.31-84.96-21.46-50.25
Net Profit Margin (%)-105.92-74.43-66.62-36.61-46.53
NP After MI And SOA Margin (%)-105.92-74.43-65.34-36.24-46.08
Return on Networth / Equity (%)0.000.00-195.65-43.82-42.56
Return on Capital Employeed (%)-10.95-12.6360.9217.0515.69
Return On Assets (%)-72.58-37.36-27.46-12.68-14.11
Long Term Debt / Equity (X)0.000.000.070.090.14
Total Debt / Equity (X)0.00-0.090.400.170.25
Asset Turnover Ratio (%)0.510.400.180.150.12
Current Ratio (X)0.170.140.120.110.09
Quick Ratio (X)0.160.140.120.110.09
Interest Coverage Ratio (X)2.893.415.144.863.75
Interest Coverage Ratio (Post Tax) (X)-4.861.813.420.011.46
Enterprise Value (Cr.)2917.122279.193213.281968.211554.00
EV / Net Operating Revenue (X)1.571.011.150.600.43
EV / EBITDA (X)3.772.411.930.960.73
MarketCap / Net Operating Revenue (X)1.661.061.100.520.21
Price / BV (X)-1.12-3.033.290.630.19
Price / Net Operating Revenue (X)1.661.061.100.520.21
EarningsYield-0.63-0.70-0.59-0.69-2.17

Dish TV India Ltd Profitability Ratios (%)

Dish TV India Ltd Liquidity Ratios

Dish TV India Ltd Liquidity Ratios (%)

Dish TV India Ltd Interest Coverage Ratios (%)

Dish TV India Ltd Valuation Ratios

Fair Value

Fair Value: 34.43

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 131.04% compared to the current price 14.9

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15 for Book Value is used, Deafault value of 15% for ROE is used

Intrinsic Value: 32.57

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 118.56% compared to the current price 14.9

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15 for Book Value is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: -5.40%

*Investments are subject to market risks

Strength and Weakness of Dish TV India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 17.50%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -483.42, which is a positive sign.
  1. The stock has a high average Cash Conversion Cycle of 9.75, which may not be favorable.
  2. The company has higher borrowings (1,321.33) compared to reserves (1,196.33), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (2.62) and profit (-58.08).

Should I Buy Dish TV India Ltd Share Now?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Dish TV India Ltd:
    1. Net Profit Margin: -105.92%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -10.95% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0.00% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -4.86
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.16
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.00
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Dish TV India Ltd

Dish TV India Ltd. is a Public Limited Listed company incorporated on 10/08/1988 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L51909MH1988PLC287553 and registration number is 287553. Currently Company is involved in the business activities of Other satellite telecommunications activities. Company’s Total Operating Revenue is Rs. 1383.70 Cr. and Equity Capital is Rs. 184.13 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & MediaOffice No. 803, 8th Floor, DLH Park, Mumbai Maharashtra 400062investor@dishd2h.com
http://www.dishd2h.com
Management
NamePosition Held
Dr.(Mrs.) Rashmi AggarwalIndependent Director
Mr. Shankar AggarwalIndependent Director
Mr. Veerendra GuptaWhole Time Director

FAQ

What is the latest fair value of Dish TV India Ltd?

The latest fair value of Dish TV India Ltd is ₹34.42.

What is the Market Cap of Dish TV India Ltd?

The Market Cap of Dish TV India Ltd is 2,747 Cr..

What is the current Stock Price of Dish TV India Ltd as on 21 July 2024?

The current stock price of Dish TV India Ltd as on 21 July 2024 is 14.9.

What is the High / Low of Dish TV India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dish TV India Ltd stocks is 26.0/12.8.

What is the Stock P/E of Dish TV India Ltd?

The Stock P/E of Dish TV India Ltd is .

What is the Book Value of Dish TV India Ltd?

The Book Value of Dish TV India Ltd is 15.0.

What is the Dividend Yield of Dish TV India Ltd?

The Dividend Yield of Dish TV India Ltd is 0.00 %.

What is the ROCE of Dish TV India Ltd?

The ROCE of Dish TV India Ltd is %.

What is the ROE of Dish TV India Ltd?

The ROE of Dish TV India Ltd is %.

What is the Face Value of Dish TV India Ltd?

The Face Value of Dish TV India Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dish TV India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE