Dish TV India Ltd

Dish TV India Ltd

₹ 16.3 -1.93%
18 Jun 4:10 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 2,996 Cr.
  • Current Price 16.3
  • High / Low 26.0 / 12.8
  • Stock P/E
  • Book Value -15.0
  • 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.1,781 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
752 731 718 711 643 609 596 552 505 500 479 470 407
326 292 291 285 290 285 283 290 490 287 284 290 242
Operating Profit 426 439 427 426 353 324 313 262 15 213 195 180 165
OPM % 57% 60% 59% 60% 55% 53% 52% 47% 3% 43% 41% 38% 41%
-776 8 4 5 -2,647 5 5 15 -1,899 3 7 4 -398
Interest 92 83 84 78 80 73 74 74 57 66 66 65 70
Depreciation 536 297 292 244 238 232 215 202 200 122 119 117 115
Profit before tax -979 67 55 109 -2,612 24 30 -0 -2,141 28 18 3 -417
Tax % -45% 26% 36% 26% 22% 24% 26% -738% 20% 26% 70% 203% -377%
-1,415 49 35 80 -2,032 18 22 -3 -1,721 21 5 -3 -1,990
EPS in Rs -7.65 0.27 0.17 0.44 -10.85 0.10 0.12 -0.02 -9.34 0.11 0.03 -0.02 -10.81
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
2,167 2,509 2,688 3,060 3,014 4,634 6,166 3,556 3,249 2,802 2,262 1,857
1,587 1,885 1,955 2,035 2,046 3,310 4,112 1,438 1,200 1,145 1,255 1,103
Operating Profit 580 624 733 1,025 968 1,324 2,055 2,119 2,050 1,657 1,006 754
OPM % 27% 25% 27% 34% 32% 29% 33% 60% 63% 59% 44% 41%
110 -52 63 64 61 46 -1,521 -1,915 -797 -2,643 -1,967 -383
Interest 128 133 175 209 229 396 629 565 418 325 278 267
Depreciation 628 597 614 591 691 1,072 1,441 1,426 1,532 1,071 849 472
Profit before tax -66 -158 7 290 109 -98 -1,536 -1,787 -698 -2,381 -2,088 -369
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
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
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: -18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1099%
Stock Price CAGR
10 Years: -11%
5 Years: -11%
3 Years: 3%
1 Year: 15%
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
Equity Capital 106 106 107 107 107 184 184 184 184 184 184 184
Reserves -262 -419 -420 274 299 6,570 5,306 3,666 2,503 752 -973 -2,940
1,633 1,410 1,484 1,231 1,137 3,154 2,758 1,784 812 378 75 0
1,677 1,673 1,996 2,327 2,627 5,264 6,097 5,975 5,786 5,354 5,220 5,465
Total Liabilities 3,155 2,770 3,166 3,939 4,170 15,172 14,346 11,609 9,285 6,668 4,506 2,709
1,434 1,357 1,454 1,810 2,042 12,185 10,235 7,681 6,006 3,018 1,056 1,146
CWIP 654 423 497 610 580 678 767 1,148 947 962 652 278
Investments 278 200 200 232 165 150 0 0 0 0 0 16
789 790 1,015 1,287 1,383 2,159 3,344 2,780 2,331 2,689 2,798 1,270
Total Assets 3,155 2,770 3,166 3,939 4,170 15,172 14,346 11,609 9,285 6,668 4,506 2,709

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 -669 -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 -21 -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 -587 -631 -747 -942
ROCE % -0% 7% 16% 36% 21% 5% 7% 10% 12% 26% 70%

Shareholding Pattern

Numbers in percentages

6 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.

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

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