NSEI:DISHTV

Stock Analysis Report

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Executive Summary

Dish TV India Limited, together with its subsidiaries, provides direct to home and teleport services primarily in India. More Details


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Dish TV India's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DISHTV is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: DISHTV's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.


Market Performance


7 Day Return

5.4%

DISHTV

7.4%

IN Media

2.8%

IN Market


1 Year Return

-27.1%

DISHTV

-3.7%

IN Media

11.8%

IN Market

Return vs Industry: DISHTV underperformed the Indian Media industry which returned -3.5% over the past year.

Return vs Market: DISHTV underperformed the Indian Market which returned 10.4% over the past year.


Shareholder returns

DISHTVIndustryMarket
7 Day5.4%7.4%2.8%
30 Day-10.4%12.0%12.9%
90 Day-10.4%-0.6%15.3%
1 Year-27.1%-27.1%-2.2%-3.7%13.8%11.8%
3 Year-86.9%-87.0%-57.6%-59.2%10.8%5.4%
5 Year-89.2%-89.3%-42.5%-45.2%63.0%50.8%

Long-Term Price Volatility Vs. Market

How volatile is Dish TV India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Dish TV India undervalued compared to its fair value and its price relative to the market?

0.53x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: DISHTV (₹10.75) is trading above our estimate of fair value (₹9.55)

Significantly Below Fair Value: DISHTV is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DISHTV is unprofitable, so we can't compare its PE Ratio to the IN Media industry average.

PE vs Market: DISHTV is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DISHTV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DISHTV is good value based on its PB Ratio (0.5x) compared to the IN Media industry average (1.4x).


Next Steps

Future Growth

How is Dish TV India forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

89.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DISHTV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (7.2%).

Earnings vs Market: DISHTV is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: DISHTV's is expected to become profitable in the next 3 years.

Revenue vs Market: DISHTV's revenue (6.1% per year) is forecast to grow slower than the Indian market (11.5% per year).

High Growth Revenue: DISHTV's revenue (6.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DISHTV's Return on Equity is forecast to be low in 3 years time (3.4%).


Next Steps

Past Performance

How has Dish TV India performed over the past 5 years?

-73.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DISHTV is currently unprofitable.

Growing Profit Margin: DISHTV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DISHTV is unprofitable, and losses have increased over the past 5 years at a rate of 73.4% per year.

Accelerating Growth: Unable to compare DISHTV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DISHTV is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-19%).


Return on Equity

High ROE: DISHTV has a negative Return on Equity (-35.14%), as it is currently unprofitable.


Next Steps

Financial Health

How is Dish TV India's financial position?


Financial Position Analysis

Short Term Liabilities: DISHTV's short term assets (₹8.0B) do not cover its short term liabilities (₹68.1B).

Long Term Liabilities: DISHTV's short term assets (₹8.0B) exceed its long term liabilities (₹5.1B).


Debt to Equity History and Analysis

Debt Level: DISHTV's debt to equity ratio (38.2%) is considered satisfactory.

Reducing Debt: DISHTV had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable DISHTV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: DISHTV is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 45.4% per year.


Next Steps

Dividend

What is Dish TV India current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DISHTV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DISHTV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DISHTV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DISHTV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: DISHTV is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DISHTV's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.5yrs

Average management tenure


CEO

Anil Dua (55 yo)

3.58yrs

Tenure

₹41,331,000

Compensation

Mr. Anil Kumar Dua, B.Tech. (Mech.), PGDM (IIMA) has been Chief Executive Officer of Dish TV India Limited since May 17, 2017 and its Additional Executive Director since March 26, 2019. Mr. Dua served as S...


CEO Compensation Analysis

Compensation vs Market: Anil's total compensation ($USD560.48K) is above average for companies of similar size in the Indian market ($USD285.91K).

Compensation vs Earnings: Anil's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jawahar Goel
Chairman of the Board & MD5.17yrs₹39.00m0.011%
₹ 2.1m
Anil Dua
CEO & Additional Executive Director3.58yrs₹41.33mno data
Rajeev Dalmia
Chief Financial Officer13.92yrs₹23.43mno data
Veerender Gupta
Chief Technology Officerno data₹15.50mno data
R. Iniyan
Head of Operationsno datano datano data
Tarun Nanda
Head of Investor Relationsno datano datano data
Ranjit Singh
IR Officer11yrs₹7.40mno data
Harinder Bhatia
Head of Salesno datano datano data
Sukhpreet Singh
Corporate Head of Marketingno datano datano data
Ashutosh Mishra
Head of Human Resourcesno data₹6.27mno data
Amitabh Kumar
President of Projectsno data₹5.48mno data
Rajiv Khattar
President of Technologyno data₹13.71mno data

12.5yrs

Average Tenure

55yo

Average Age

Experienced Management: DISHTV's management team is seasoned and experienced (12.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jawahar Goel
Chairman of the Board & MD5.17yrs₹39.00m0.011%
₹ 2.1m
Anil Dua
CEO & Additional Executive Director3.58yrs₹41.33mno data
Ashok Kurien
Non-Executive Director13.92yrs₹675.00k0.064%
₹ 11.9m
Bhagwan Narang
Independent Director13.92yrs₹1.43m0.00041%
₹ 76.6k
Rashmi Aggarwal
Non-Executive Independent Women Director5.75yrs₹1.28mno data
Shankar Aggarwal
Additional Independent Director2.17yrs₹1.43mno data

5.5yrs

Average Tenure

65yo

Average Age

Experienced Board: DISHTV's board of directors are considered experienced (5.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Dish TV India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dish TV India Limited
  • Ticker: DISHTV
  • Exchange: NSEI
  • Founded: 1988
  • Industry: Cable and Satellite
  • Sector: Media
  • Market Cap: ₹18.689b
  • Shares outstanding: 1.84b
  • Website: https://www.dishd2h.com

Location

  • Dish TV India Limited
  • FC-19, Sector 16A
  • Film City
  • Noida
  • Uttar Pradesh
  • 201301
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532839BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2007
DISHTVNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2007
DTTV.YOTCPK (Pink Sheets LLC)GDR EACH REPR 1 SHSUSUSDApr 2018
DTVLLSE (London Stock Exchange)GDR EACH REPR 1 SHSGBUSDApr 2018
DT0BST (Boerse-Stuttgart)GDR EACH REPR 1 SHSDEEURApr 2018
DTVLLBATS-CHIXE (BATS 'Chi-X Europe')GDR EACH REPR 1 SHSGBUSDApr 2018

Biography

Dish TV India Limited, together with its subsidiaries, provides direct to home and teleport services primarily in India. It distributes its products and services through a network of distributors and deale...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 12:13
End of Day Share Price2020/12/03 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.