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Last Updated: April 2, 2026, 2:50 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532839 | NSE: DISHTV

Dish TV India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹34.52Undervalued by 1,469.09%vs CMP ₹2.20

P/E (15.0) × ROE (15.0%) × BV (₹18.80) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹36.42Undervalued by 1,555.45%vs CMP ₹2.20
MoS: +94% (Strong)Confidence: 53/100 (Moderate)Models: All 3: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹49.4644%Under (+2148.2%)
EV/EBITDAEnterprise₹41.9829%Under (+1808.2%)
Revenue MultipleRevenue₹8.5226%Under (+287.3%)
Consensus (3 models)₹36.42100%Undervalued
Key Drivers: EPS CAGR 43.3% lifts DCF — verify sustainability. | Wide model spread (₹9–₹49) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 43.3% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

34
Dish TV India Ltd scores 34/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health26/100 · Weak
ROCE 0.0% WeakROE 0.0% WeakD/E 0.17 Low debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money30/100 · Weak
FII holding down -1.86% (6mo) SellingPromoter holding at 4.1% Stable
Earnings Quality50/100 · Moderate
OPM contracting (52% → 38%) DecliningWorking capital: -1,173 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -23% YoY DecliningOPM: 11.0% (down 26.0% YoY) Margin pressure
Industry Rank40/100 · Moderate
3Y sales CAGR: -18% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:50 am

Market Cap 405 Cr.
Current Price 2.20
Intrinsic Value₹36.42
High / Low 6.55/1.82
Stock P/E
Book Value 18.8
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 1.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Dish TV India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Dish TV India Ltd 405 Cr. 2.20 6.55/1.82 18.80.00 %%% 1.00
Shemaroo Entertainment Ltd 232 Cr. 84.9 161/73.0 1400.00 %9.31 %16.6 % 10.0
Exhicon Events Media Solutions Ltd 621 Cr. 421 595/22616.7 1140.04 %34.6 %26.6 % 10.0
Sri Adhikari Brothers Television Network Ltd 5,008 Cr. 1,986 2,260/435 4.360.00 %39.2 %391 % 10.0
Tips Industries Ltd 6,578 Cr. 515 718/48134.9 20.12.53 %109 %82.9 % 1.00
Industry Average8,164.00 Cr664.0355.38174.020.57%29.64%69.51%5.56

All Competitor Stocks of Dish TV India Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 596552505500479470407455396373344329291
Expenses 283290490287284290242291251250246257259
Operating Profit 31326215213195180165164145123977332
OPM % 52%47%3%43%41%38%41%36%37%33%28%22%11%
Other Income 515-1,899374-398659-32958
Interest 74745766666570676671646469
Depreciation 215202200122119117115105121107106105104
Profit before tax 30-0-2,14128183-417-2-37-47-402-92-133
Tax % 26%738%-20%26%70%203%377%0%0%0%0%3%0%
Net Profit 22-3-1,721215-3-1,990-2-37-47-402-95-133
EPS in Rs 0.12-0.02-9.340.110.03-0.02-10.81-0.01-0.20-0.25-2.18-0.51-0.72

Last Updated: January 1, 2026, 10:34 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 10:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,5092,6883,0603,0144,6346,1663,5563,2492,8022,2621,8571,5681,263
Expenses 1,8851,9552,0352,0463,3104,1121,4381,2001,1451,2551,0961,0391,103
Operating Profit 6247331,0259681,3242,0552,1192,0501,6571,006761529160
OPM % 25%27%34%32%29%33%60%63%59%44%41%34%13%
Other Income -5263646146-1,521-1,915-797-2,643-1,967-391-309-380
Interest 133175209229396629565418325278267269266
Depreciation 5976145916911,0721,4411,4261,5321,071849472439417
Profit before tax -1587290109-98-1,536-1,787-698-2,381-2,088-369-488-903
Tax % 0%57%-139%25%-13%-24%-7%71%-22%-19%433%0%
Net Profit -158369282-85-1,163-1,655-1,190-1,867-1,684-1,967-488-906
EPS in Rs -1.480.036.500.86-0.41-6.22-8.90-6.40-9.95-9.14-10.68-2.65-4.91
Dividend Payout % 0%0%0%0%0%-8%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)101.90%22966.67%-88.15%-203.66%-1268.24%-42.30%28.10%-56.89%9.80%-16.81%75.19%
Change in YoY Net Profit Growth (%)0.00%22864.77%-23054.82%-115.51%-1064.58%1225.93%70.40%-84.99%66.69%-26.61%92.00%

Dish TV India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-5%
5 Years:-15%
3 Years:-18%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:92%
Stock Price CAGR
10 Years:-26%
5 Years:-17%
3 Years:-36%
1 Year:-66%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 3:05 am

Balance Sheet

Last Updated: December 4, 2025, 1:10 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 106107107107184184184184184184184184184
Reserves -419-4202742996,5705,3063,6662,503752-973-2,940-3,427-3,653
Borrowings 1,4101,4841,2311,1373,1542,7581,7848103787523516
Other Liabilities 1,6731,9962,3272,6275,2646,0975,9755,7885,3545,1995,4635,5125,723
Total Liabilities 2,7703,1663,9394,17015,17214,34611,6099,2856,6684,4852,7092,3042,271
Fixed Assets 1,3571,4541,8102,04212,18510,2357,6816,0063,0181,0561,0721,040994
CWIP 4234976105806787671,148947962652352352274
Investments 20020023216515000000162525
Other Assets 7901,0151,2871,3832,1593,3442,7802,3312,6892,7771,270887978
Total Assets 2,7703,1663,9394,17015,17214,34611,6099,2856,6684,4852,7092,3042,271

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 7057671,1328211,0361,0902,2041,5741,141668676410
Cash from Investing Activity + -301-670-809-625-493-452-926-481-669-341-595-377
Cash from Financing Activity + -461-36-352-115-414-849-1,257-1,112-494-328-88-27
Net Cash Flow -5661-2982129-21021-19-21-1-76
Free Cash Flow 40762224-412012581,2101,1155073138511
CFO/OP 114%106%112%98%82%55%105%76%66%71%94%78%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow623.00732.000.00967.00-2.000.001.00-808.00-377.00-74.00759.00494.00

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.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 6991112891010151319
Inventory Days
Days Payable
Cash Conversion Cycle 6991112891010151319
Working Capital Days -268-403-237-322-455-338-683-648-670-755-945-1,173
ROCE %7%16%36%21%5%7%10%12%26%70%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 4.04%4.04%4.04%4.04%4.04%4.04%4.04%4.04%4.04%4.06%4.06%4.06%
FIIs 9.91%10.29%11.77%11.75%10.87%9.78%9.75%9.52%10.54%10.15%9.69%8.68%
DIIs 2.33%2.33%3.01%2.46%2.31%2.33%2.82%3.13%2.52%2.52%2.52%2.50%
Public 83.71%83.32%81.18%81.76%82.78%83.85%83.38%83.31%82.90%83.27%83.74%84.77%
No. of Shareholders 2,60,1592,66,2032,82,4442,87,0033,57,5913,70,5223,66,5273,70,9433,73,7973,77,5903,76,4113,63,934

Shareholding Pattern Chart

No. of Shareholders

Dish TV India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Aditya Birla Sun Life Flexi Cap Fund 29,343,636 0.3 58.2529,343,6362025-04-22 17:25:370%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) -2.53-10.22-8.75-9.51-6.12
Diluted EPS (Rs.) -2.53-10.22-8.75-9.51-6.12
Cash EPS (Rs.) -0.26-8.12-4.53-4.321.86
Book Value[Excl.RevalReserv]/Share (Rs.) -17.61-14.97-4.284.7514.27
Book Value[Incl.RevalReserv]/Share (Rs.) -17.61-14.97-4.284.7514.27
Revenue From Operations / Share (Rs.) 8.5110.0812.2815.2217.65
PBDIT / Share (Rs.) 3.024.205.149.0611.04
PBIT / Share (Rs.) 0.631.640.523.242.72
PBT / Share (Rs.) -2.65-2.00-11.34-12.93-3.79
Net Profit / Share (Rs.) -2.65-10.68-9.14-10.14-6.46
NP After MI And SOA / Share (Rs.) -2.65-10.68-9.14-9.95-6.40
PBDIT Margin (%) 35.4341.6341.8459.5262.55
PBIT Margin (%) 7.4216.214.3021.3115.40
PBT Margin (%) -31.10-19.85-92.31-84.96-21.46
Net Profit Margin (%) -31.10-105.92-74.43-66.62-36.61
NP After MI And SOA Margin (%) -31.10-105.92-74.43-65.34-36.24
Return on Networth / Equity (%) 0.000.000.00-195.65-43.82
Return on Capital Employeed (%) -3.61-10.95-12.6360.9217.05
Return On Assets (%) -21.16-72.58-37.36-27.46-12.68
Long Term Debt / Equity (X) 0.000.000.000.070.09
Total Debt / Equity (X) 0.000.00-0.090.400.17
Asset Turnover Ratio (%) 0.620.510.400.180.15
Current Ratio (X) 0.120.150.140.120.11
Quick Ratio (X) 0.120.150.140.120.11
Inventory Turnover Ratio (X) 157.070.000.000.000.00
Interest Coverage Ratio (X) 2.072.893.415.144.86
Interest Coverage Ratio (Post Tax) (X) 0.43-4.861.813.420.01
Enterprise Value (Cr.) 876.182917.122279.193213.281968.21
EV / Net Operating Revenue (X) 0.551.571.011.150.60
EV / EBITDA (X) 1.583.772.411.930.96
MarketCap / Net Operating Revenue (X) 0.661.661.061.100.52
Price / BV (X) -0.31-1.12-3.033.290.63
Price / Net Operating Revenue (X) 0.661.661.061.100.52
EarningsYield -0.47-0.63-0.70-0.59-0.69

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Dish TV India Ltd. is a Public Limited Listed company incorporated on 10/08/1988 and has its registered office in the State of Maharashtra, 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. 587.57 Cr. and Equity Capital is Rs. 184.13 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Entertainment & MediaOffice No. 803, 8th Floor, DLH Park, Mumbai Maharashtra 400062Contact not found
Management
NamePosition Held
Mr. Manoj DobhalChairman & Executive Director
Mr. Mayank TalwarIndependent Director
Mr. Gurinder SinghIndependent Director

FAQ

What is the intrinsic value of Dish TV India Ltd and is it undervalued?

As of 14 April 2026, Dish TV India Ltd's intrinsic value is ₹36.42, which is 1555.45% higher than the current market price of ₹2.20, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹18.8), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Dish TV India Ltd?

Dish TV India Ltd is trading at ₹2.20 as of 14 April 2026, with a FY2026-2027 high of ₹6.55 and low of ₹1.82. The stock is currently near its 52-week low. Market cap stands at ₹405 Cr..

How does Dish TV India Ltd's P/E ratio compare to its industry?

Dish TV India Ltd has a P/E ratio of , which is below the industry average of 55.38. This is broadly in line with or below the industry average.

Is Dish TV India Ltd financially healthy?

Key indicators for Dish TV India Ltd: ROCE of % is on the lower side compared to the industry average of 29.64%; ROE of % is below ideal levels (industry average: 69.51%). Dividend yield is 0.00 %.

Is Dish TV India Ltd profitable and how is the profit trend?

Dish TV India Ltd reported a net profit of ₹-488 Cr in Mar 2025 on revenue of ₹1,568 Cr. Compared to ₹-1,867 Cr in Mar 2022, the net profit shows a mixed trend.

Does Dish TV India Ltd pay dividends?

Dish TV India Ltd has a dividend yield of 0.00 % at the current price of ₹2.20. The company is currently not paying meaningful dividends.

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
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