Dish TV India Ltd
DISHTVDish TV India Ltd's balance sheet is under water — net worth is negative, so it owes more than it owns. The latest quarter's headline profit is a one-off item (larger than a full quarter's revenue), not money the business earned. This is a distressed, high-risk situation — the equity can be wiped by dilution or restructuring before operations recover. Not a value setup.
Biggest watch item: the price is not yet in a confirmed uptrend — timing risk, not thesis risk.
The price is in a downtrend (116 weeks in) while the P/E sits at the 63rd percentile of its own 8-year range. But the balance sheet is under water: net worth is negative, so shareholders sit behind everyone the company owes. The latest quarter's profit is a one-off, not an operating recovery. What settles it: whether the business can earn its way back to positive equity before dilution or restructuring gets there first.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Dish TV India Ltd trades at ₹2.9, in a downtrend and 116 weeks into that stage. That is −24.2% against its own 200-day average. It sits at 25% of a 52-week range of ₹2 to ₹6. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (6 weeks and counting).
Today the stock is in a downtrend — week 116 of stage 4, confirmed. At ₹2.9 it trades −24.2% versus its 200-day average and sits at 25% of its 52-week range (₹2–₹6).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved −96% while the NIFTY 500 moved +280% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (6 weeks and counting; last ahead the week of 2026-06-19) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 63rd percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Dish TV India Ltd trades at 15.0× P/E, mid-range by its own standards (63rd percentile). Its long-run median P/E is 13.7×, measured across 8.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 15.0× is mid-range by its own standards (63rd percentile), against a long-run median of 13.7× measured over 8.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
The price move, decomposed: over 5y, of the −27.3%/yr price move, ~−12.8%/yr came from earnings growth and ~−14.5 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Dish TV India Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 10 quarters across 1 curve, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
The latest quarter’s profit carries a one-off item larger than the operating base, so the profit curve is shown but does not vote in the stage call.
The return-on-capital curve is not shown — net worth is negative, so a return on capital is not a meaningful number in any basis. This is a distressed balance sheet, and the stage is read from the growth curves alone.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −25.8% | −19.9% | −18.6% | −9.2% |
| Share price | −50.9% | −46.9% | −27.3% | −29.7% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
40.6/100 — rank 16 of 25 in Entertainment & Media · 65% evidence confidence
Dish TV India Ltd scores 40.6 out of 100 against the 25 companies it is compared with in Entertainment & Media, ranking 16. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 15.1 + 12.6 + 10 + 2.9 = 40.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Dish TV India Ltd reported ₹243 Cr of revenue in the Mar 26 quarter, −29.4% year on year. Over 10 years it has compounded at −9.2% a year. The last full year, FY26, came in at ₹1,163 Cr. The last four reported quarters add to ₹1,162 Cr.
Dish TV India Ltd reported ₹243 Cr of revenue in the Mar 26 quarter, −29.4% year on year. Over 10 years it has compounded at −9.2% a year. The last full year, FY26, came in at ₹1,163 Cr. The last four reported quarters add to ₹1,162 Cr.
FY26 revenue came in at ₹1,163 Cr (−25.8% on the year), capping 10 years at −9.2% compound. The latest quarter (Mar 26) printed ₹243 Cr, −29.4% year on year.
Pace check: the last four quarters averaged −25.9% growth against the decade's −9.2% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −25.9% over the last 4 quarters against −20.9%/yr over the last 8 — rolling over.
→ Revenue slipped — did margins hold as it scaled? Next: −29.0% this quarter (−57.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Dish TV India Ltd's operating margin is −29.0% in the Mar 26 quarter, −57.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −1.0% to 63.0%. The current quarter is running below every full year in that window.
Dish TV India Ltd's operating margin is −29.0% in the Mar 26 quarter, −57.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −1.0% to 63.0%. The current quarter is running below every full year in that window.
The latest quarter's operating margin is −29.0%, −57.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −1.0%–63.0%.
🚨 Why the margin moved: operating margin went −57.1 pp year on year while gross margin went −17.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
→ Margins slipped — did that reach the bottom line? Next: profit null in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Dish TV India Ltd posted a net loss of ₹304 Cr in the Mar 26 quarter. That quarter carries a one-off item larger than its own revenue, so the year-on-year figure is an artefact rather than a trading result. The full FY26 year was a loss of ₹807 Cr. That loss is 125.1% of the quarter's revenue.
Dish TV India Ltd posted a net loss of ₹304 Cr in the Mar 26 quarter. That quarter carries a one-off item larger than its own revenue, so the year-on-year figure is an artefact rather than a trading result. The full FY26 year was a loss of ₹807 Cr. That loss is 125.1% of the quarter's revenue.
Mar 26 profit was ₹−304 Cr, null year on year. On the full year, FY26 printed ₹−807 Cr (null).
🚨 Read this profit with care: at ₹−304 Cr it is larger than the whole quarter's revenue of ₹243 Cr — no operating business earns more than it sells, so this is a one-off item (a debt-to-equity conversion, a tax write-back or an asset sale), not money the business earned. The underlying operations are running at −29.0% operating margin; the year-on-year jump and any P/E built on this number are artefacts of the one-off, not a real earnings turn.
→ Profit rose — but did the cash follow? Next: 350% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 350% of Dish TV India Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹71.0 Cr of operating cash against ₹−807 Cr of profit. After ₹100 Cr of capital spending, ₹−29.0 Cr was left as free cash.
FY26: operating cash of ₹71.0 Cr against reported profit of ₹−807 Cr, leaving free cash of ₹−29.0 Cr after ₹100 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 350% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 350%: the cash cycle tightened 1,734 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
→ So follow the cash to where it goes. Next: a −1,724-day cycle and ₹695 Cr of building.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Dish TV India Ltd's cash conversion cycle runs −1,724 days in FY26, down from 10 days in FY21. Capital spending ran ₹695 Cr over the last 3 years. At FY26 sales of ₹1,163 Cr each day of that cycle holds about ₹3.2 Cr, so roughly ₹−5,493 Cr sits inside the business at any moment.
FY26: debtors at 20 days, inventory at 103 days — roughly 3.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −1,724 days, tighter than FY21's 10.
The full loop: cash goes out to suppliers and production on day 0; stock waits 103 days to sell; customers pay about 20 days after that; and suppliers themselves are paid at 1,847 days — netting out to the −1,724-day cycle.
In money terms: at FY26 sales of ₹1,163 Cr, each day of the cycle holds about ₹3.2 Cr — so the −1,724-day loop keeps roughly ₹−5,493 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹695 Cr over the last 3 fiscal years against ₹1,325 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹144 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 70%.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Dish TV India Ltd earns a ROCE of 70% in FY23. That is up from a trough of 5% in FY18. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is −69.4% net margin on 0.66× asset turns.
FY23 ROCE is 70%, recovered from a FY18 trough of 5% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): −69.4% net margin × 0.66× asset turns × −0.43× balance-sheet leverage ≈ 19.7% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.00.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Dish TV India Ltd's net worth is negative — it owes more than it owns — so a debt-to-equity ratio is not meaningful here. Operating profit covers the interest bill 0×. Over 5 years borrowings went from ₹812 Cr to ₹19.0 Cr. Capital spending ran ₹695 Cr across the last 3 of those years.
FY26: borrowings of ₹19.0 Cr against equity of ₹−4,043 Cr — net worth is NEGATIVE: the company owes more than it owns, so a debt-to-equity ratio is not meaningful (it just goes negative). This is a balance sheet under water. Operating profit covers the interest bill 0×. Over 5 years borrowings went from ₹812 Cr to ₹19.0 Cr while capital spending ran ₹695 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.
→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 2.0 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions cut 2.0 points of Dish TV India Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 7.8% of the company. Promoters moved +0.2 points over the same window, to 4.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −2.0 points over 8 quarters to 7.8%; Promoters: +0.2 points over 8 quarters to 4.2%; Domestic institutions: +0.2 points over 8 quarters to 2.5%. Note the structure: promoters hold under 20% — this is a widely-held company where institutions, not a family, set the direction.
🚨 Why the register moved: foreign institutions drove it (−2.0 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Dish TV India Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Dish TV India Ltd this page | 15.0× | ₹519 Cr | No read | |||
| Prime Focus Ltd | 95.6× | ₹22,463 Cr | No read | |||
| Sun TV Network Ltd | 12.8× | ₹19,188 Cr | Mixed | |||
| Amagi Media Labs Ltd | 184.0× | ₹13,176 Cr | — | — | — | — |
| Nazara Technologies Ltd | 11.6× | ₹11,236 Cr | No read | |||
| Nazara Technologies Ltd | 11.6× | ₹11,199 Cr | No read | |||
| PVR Inox Ltd | 32.9× | ₹10,448 Cr | No read | |||
| Zee Entertainment Enterprises Ltd | 36.3× | ₹10,130 Cr | Deteriorating | |||
| Network 18 Media & Investments Ltd | — | ₹4,413 Cr | No read | |||
| City Pulse Multiventures Ltd | 2,154.0× | ₹4,329 Cr | No read | |||
| Hathway Cable & Datacom Ltd | 25.1× | ₹1,905 Cr | Deteriorating | |||
| Media Matrix Worldwide Ltd | 271.0× | ₹1,585 Cr | Turning around | |||
| Den Networks Ltd | 8.7× | ₹1,296 Cr | Deteriorating | |||
| Panorama Studios International Ltd | 80.8× | ₹1,266 Cr | Deteriorating | |||
| Panorama Studios International Ltd | 30.2× | ₹1,116 Cr | Topping out | |||
| Balaji Telefilms Ltd | — | ₹1,024 Cr | No read | |||
| Bright Outdoor Media Ltd | 43.7× | ₹875 Cr | No read | |||
| New Delhi Television Ltd | — | ₹865 Cr | No read | |||
| City Pulse Multiventures Ltd | 426.0× | ₹779 Cr | No read | |||
| T.V. Today Network Ltd | 26.8× | ₹695 Cr | Mixed | |||
| Hindustan Media Ventures Ltd | 4.4× | ₹688 Cr | No read | |||
| GTPL Hathway Ltd | 85.5× | ₹682 Cr | Deteriorating | |||
| H T Media Ltd | 4.3× | ₹565 Cr | No read | |||
| Entertainment Network (India) Ltd | 258.0× | ₹504 Cr | No read | |||
| Nila Spaces Ltd | 17.6× | ₹501 Cr | No read | |||
| Zee Media Corporation Ltd | 74.8× | ₹498 Cr | No read | |||
| Basilic Fly Studio Ltd | 9.4× | ₹481 Cr | No read | |||
| DAPS Advertising Ltd | 8.5× | ₹11 Cr | No read |
Frequently asked questions
What is Dish TV India Ltd's share price today?
Dish TV India Ltd trades at ₹2.9, −50.9% over the past year. The company is valued at ₹519 Cr. The stock sits at 25% of its 52-week range of ₹2–₹6, −24.2% versus its 200-day average. On the tape, the price is in a downtrend, 116 weeks in. — as of 24 July 2026.
What were Dish TV India Ltd's latest quarterly results?
Dish TV India Ltd reported revenue of ₹243 Cr and a net loss of ₹304 Cr for the Mar 26 quarter. Earnings per share were ₹−1.65. The operating margin was −29.0%, 57.0 pp lower than a year earlier. — as of 24 July 2026.
What is Dish TV India Ltd's revenue?
Dish TV India Ltd reported revenue of ₹243 Cr in the Mar 26 quarter, −29.4% year on year. For the full FY26 fiscal year, revenue was ₹1,163 Cr (−25.8%). Over the last 10 years revenue compounded at −9.2% a year. — as of 24 July 2026.
What is Dish TV India Ltd's profit?
Dish TV India Ltd earned ₹−304 Cr of net profit in the Mar 26 quarter. Full-year FY26 profit was ₹−807 Cr. The operating margin ran −29.0% in the latest quarter. — as of 24 July 2026.
What is Dish TV India Ltd's market cap?
Dish TV India Ltd's market capitalisation is ₹519 Cr at a share price of ₹2.9. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Dish TV India Ltd's P/E ratio?
Dish TV India Ltd trades at a P/E of 15.0×, at the 63rd percentile of its own 8-year range, against a long-run median of 13.7×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Dish TV India Ltd pay a dividend?
No — Dish TV India Ltd has recorded a dividend payout of 0% of profit in each of its last 13 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 24 July 2026.
Is Dish TV India Ltd overvalued?
On its own history, Dish TV India Ltd looks mid-range against its own history: its P/E of 15.0× sits at the 63rd percentile of its 8-year range (long-run median 13.7×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
How is Dish TV India Ltd performing?
Dish TV India Ltd is in a downtrend, 116 weeks in. Against the NIFTY 500 it has been behind on a trailing-13-week view for 6 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
Is Dish TV India Ltd in an uptrend?
No — the price is in a downtrend (week 116 of stage 4), trading −24.2% versus its 200-day average and at 25% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Dish TV India Ltd beating the market?
Not lately — on a trailing-13-week view Dish TV India Ltd is currently behind the NIFTY 500 (6 weeks and counting; last ahead the week of 2026-06-19), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved −96% against the NIFTY 500's +280% — behind the index over the full window. — as of 24 July 2026.
Will Dish TV India Ltd's share price go up?
This page publishes no price forecast for Dish TV India Ltd. What it measures instead: the share price is ₹2.9, the price is in a downtrend 116 weeks in. Its P/E of 15.0× sits at the 63rd percentile of its own 8-year range. — as of 24 July 2026.
Who owns Dish TV India Ltd?
Promoters hold 4.2% of Dish TV India Ltd, foreign institutions 7.8%, domestic institutions 2.5% and the public 85.5% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 2.0 points over 8 quarters. — as of 24 July 2026.
Does Dish TV India Ltd have too much debt?
No — Dish TV India Ltd's debt-to-equity is 0.00, and operating profit covers the interest bill 0×. FY26 borrowings were ₹19.0 Cr against equity of ₹−4,043 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Dish TV India Ltd's capex?
Dish TV India Ltd spent ₹695 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹100 Cr, with ₹144 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Dish TV India Ltd's cash flow?
Dish TV India Ltd generated ₹71.0 Cr of operating cash flow in FY26 and ₹−29.0 Cr of free cash flow after ₹100 Cr of capital spending. Reported profit that year was ₹−807 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Dish TV India Ltd's profit real cash?
Yes — over the last 3 fiscal years, 350% of Dish TV India Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹71.0 Cr against reported profit of ₹−807 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Dish TV India Ltd in its business cycle?
Dish TV India Ltd's FY26 operating margin was −1.0%, against a 13-year band of −1.0%–63.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran −29.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Dish TV India Ltd story?
Biggest watch item: the price is not yet in a confirmed uptrend — timing risk, not thesis risk. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Dish TV India Ltd a stock worth studying right now?
This is not investment advice. The machine read: Dish TV India Ltd's balance sheet is under water — net worth is negative, so it owes more than it owns. The latest quarter's headline profit is a one-off item (larger than a full quarter's revenue), not money the business earned. This is a distressed, high-risk situation — the equity can be wiped by dilution or restructuring before operations recover. Not a value setup. The sharpest open question: whether the business can earn its way back to positive equity before dilution or restructuring gets there first. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.