Dish TV India Ltd

Dish TV India Ltd

₹ 17.9 0.00%
26 Apr - close price
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 3,296 Cr.
  • Current Price 17.9
  • High / Low 26.0 / 13.5
  • Stock P/E 15.7
  • Book Value -4.15
  • Dividend Yield 0.00 %
  • ROCE 70.5 %
  • ROE 430 %
  • 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 -13.4% over past five years.
  • Promoter holding is low: 4.04%
  • Contingent liabilities of Rs.1,781 Cr.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -3.27%

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
815.67 751.75 730.97 718.15 710.67 642.70 608.63 596.31 552.09 504.82 500.16 479.15 470.27
311.73 325.71 292.20 291.18 284.71 290.15 284.82 283.38 290.49 489.78 287.49 283.80 289.87
Operating Profit 503.94 426.04 438.77 426.97 425.96 352.55 323.81 312.93 261.60 15.04 212.67 195.35 180.40
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%
3.13 -776.27 8.36 3.97 4.91 -2,647.20 4.62 5.39 14.73 -1,899.15 3.04 6.73 4.31
Interest 97.37 92.48 83.32 83.64 77.81 79.81 73.01 73.73 74.22 57.02 66.11 65.71 65.40
Depreciation 314.84 536.38 297.28 291.97 244.04 237.60 231.87 214.57 202.45 200.21 121.86 118.58 116.55
Profit before tax 94.86 -979.09 66.53 55.33 109.02 -2,612.06 23.55 30.02 -0.34 -2,141.34 27.74 17.79 2.76
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%
86.41 -1,415.23 49.14 35.42 80.21 -2,031.99 17.85 22.08 -2.85 -1,720.62 20.54 5.41 -2.83
EPS in Rs 0.49 -7.65 0.27 0.17 0.44 -10.85 0.10 0.12 -0.02 -9.34 0.11 0.03 -0.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,958 2,167 2,509 2,688 3,060 3,014 4,634 6,166 3,556 3,249 2,802 2,262 1,954
1,430 1,587 1,885 1,955 2,035 2,046 3,310 4,112 1,438 1,200 1,145 1,255 1,351
Operating Profit 528 580 624 733 1,025 968 1,324 2,055 2,119 2,050 1,657 1,006 603
OPM % 27% 27% 25% 27% 34% 32% 29% 33% 60% 63% 59% 44% 31%
58 110 -52 63 64 61 46 -1,521 -1,915 -797 -2,643 -1,967 -1,885
Interest 197 128 133 175 209 229 396 629 565 418 325 278 254
Depreciation 522 628 597 614 591 691 1,072 1,441 1,426 1,532 1,071 849 557
Profit before tax -133 -66 -158 7 290 109 -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%
-133 -66 -158 3 692 82 -85 -1,163 -1,655 -1,190 -1,867 -1,684 -1,697
EPS in Rs -1.25 -0.62 -1.48 0.03 6.50 0.86 -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%
Compounded Sales Growth
10 Years: 0%
5 Years: -13%
3 Years: -14%
TTM: -19%
Compounded Profit Growth
10 Years: 16%
5 Years: 46%
3 Years: 5%
TTM: -68%
Stock Price CAGR
10 Years: -9%
5 Years: -13%
3 Years: 24%
1 Year: 15%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 24%
Last Year: 430%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 106 106 106 107 107 107 184 184 184 184 184 184 184
Reserves -200 -262 -419 -420 274 299 6,570 5,306 3,666 2,503 752 -973 -949
1,400 1,633 1,410 1,484 1,231 1,137 3,154 2,758 1,784 812 378 75 0
1,328 1,677 1,673 1,996 2,327 2,627 5,264 6,097 5,975 5,786 5,354 5,220 5,395
Total Liabilities 2,634 3,155 2,770 3,166 3,939 4,170 15,172 14,346 11,609 9,285 6,668 4,506 4,630
1,420 1,434 1,357 1,454 1,810 2,042 12,185 10,235 7,681 6,006 3,018 1,056 1,519
CWIP 388 654 423 497 610 580 678 767 1,148 947 962 652 263
Investments 150 278 200 200 232 165 150 0 0 0 0 0 12
675 789 790 1,015 1,287 1,383 2,159 3,344 2,780 2,331 2,689 2,798 2,837
Total Assets 2,634 3,155 2,770 3,166 3,939 4,170 15,172 14,346 11,609 9,285 6,668 4,506 4,630

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
411 609 705 767 1,132 821 1,036 1,090 2,204 1,574 1,141 668
-502 -786 -301 -670 -809 -625 -493 -452 -926 -481 -669 -341
142 122 -461 -36 -352 -115 -414 -849 -1,257 -1,112 -494 -328
Net Cash Flow 52 -55 -56 61 -29 82 129 -210 21 -19 -21 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 5 5 6 9 9 11 12 8 9 10 10 15
Inventory Days
Days Payable
Cash Conversion Cycle 5 5 6 9 9 11 12 8 9 10 10 15
Working Capital Days -202 -324 -259 -397 -237 -322 -420 -297 -638 -587 -631 -747
ROCE % 5% -0% 7% 16% 36% 21% 5% 7% 10% 12% 26% 70%

Shareholding Pattern

Numbers in percentages

50 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
5.93% 5.93% 5.93% 5.93% 4.04% 4.04% 4.04% 4.04% 4.04% 4.04% 4.04% 4.04%
10.19% 12.17% 10.99% 11.39% 10.70% 10.11% 10.11% 9.91% 10.29% 11.77% 11.75% 10.87%
2.37% 26.59% 26.62% 26.57% 26.56% 26.60% 2.34% 2.33% 2.33% 3.01% 2.46% 2.31%
81.51% 55.31% 56.46% 56.11% 58.70% 59.25% 83.49% 83.71% 83.32% 81.18% 81.76% 82.78%
No. of Shareholders 2,51,3692,48,6492,54,0442,62,5792,63,0922,60,1352,58,5352,60,1592,66,2032,82,4442,87,0033,57,591

* 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.

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