Financials Dish TV India Limited

Equities

DISHTV

INE836F01026

Broadcasting

Market Closed - NSE India S.E. 07:43:51 2024-06-10 am EDT 5-day change 1st Jan Change
14.9 INR -0.33% Intraday chart for Dish TV India Limited -1.65% -18.58%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 71,625 7,457 17,032 30,105 23,936 27,527 - -
Enterprise Value (EV) 1 89,225 15,955 20,316 32,039 22,847 30,841 23,922 23,112
P/E ratio -6.54 x -0.48 x -1.51 x -1.72 x -1.49 x -1.64 x 24.7 x 13.5 x
Yield 1.29% - - - - - - -
Capitalization / Revenue 1.16 x 0.21 x 0.52 x 1.07 x 1.06 x 1.66 x 1.38 x 1.23 x
EV / Revenue 1.45 x 0.45 x 0.63 x 1.14 x 1.01 x 1.66 x 1.2 x 1.03 x
EV / EBITDA 4.36 x 0.76 x 1.01 x 1.95 x 2.5 x 4.09 x 2.79 x 2.24 x
EV / FCF 34.5 x 1.33 x 1.82 x 6.32 x 7.3 x 25.2 x 11.5 x 36.7 x
FCF Yield 2.9% 75.2% 54.9% 15.8% 13.7% 3.97% 8.72% 2.73%
Price to Book 1.3 x 0.19 x 0.63 x 3.22 x -3.17 x -4.04 x -1.04 x -1.13 x
Nbr of stocks (in thousands) 1,841,254 1,841,274 1,841,288 1,841,256 1,841,256 1,841,256 - -
Reference price 2 38.90 4.050 9.250 16.35 13.00 14.95 14.95 14.95
Announcement Date 5/24/19 7/23/20 6/30/21 5/30/22 5/12/23 5/27/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 61,661 35,563 32,494 28,025 22,618 18,565 19,887 22,391
EBITDA 1 20,443 21,060 20,170 16,442 9,134 7,537 8,577 10,331
EBIT 1 6,034 6,798 4,851 5,734 642.7 2,818 3,862 5,030
Operating Margin 9.78% 19.11% 14.93% 20.46% 2.84% 15.18% 19.42% 22.46%
Earnings before Tax (EBT) 1 -15,357 -17,874 -6,975 -23,812 -20,881 -3,686 1,489 2,718
Net income 1 -11,449 -16,388 -11,776 -18,314 -16,835 -19,666 1,114 2,033
Net margin -18.57% -46.08% -36.24% -65.35% -74.43% -105.93% 5.6% 9.08%
EPS 2 -5.950 -8.520 -6.120 -9.510 -8.750 -10.22 0.6047 1.104
Free Cash Flow 1 2,588 11,997 11,150 5,073 3,130 1,020 2,085 629.9
FCF margin 4.2% 33.73% 34.31% 18.1% 13.84% 5.24% 10.49% 2.81%
FCF Conversion (EBITDA) 12.66% 56.97% 55.28% 30.85% 34.26% 12.71% 24.31% 6.1%
FCF Conversion (Net income) - - - - - 200.39% 187.19% 30.98%
Dividend per Share 0.5000 - - - - - - -
Announcement Date 5/24/19 7/23/20 6/30/21 5/30/22 5/12/23 5/27/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1
Net sales 1 8,157 7,518 7,310
EBITDA 1 5,039 4,260 4,388
EBIT - - -
Operating Margin - - -
Earnings before Tax (EBT) 948.6 - -
Net income 906.9 -14,086 -
Net margin 11.12% -187.38% -
EPS 0.4700 - -
Dividend per Share - - -
Announcement Date 1/29/21 6/30/21 8/12/21
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 17,600 8,498 3,284 1,934 - - - -
Net Cash position 1 - - - - 1,089 1,828 3,604 4,415
Leverage (Debt/EBITDA) 0.8609 x 0.4035 x 0.1628 x 0.1176 x - - - -
Free Cash Flow 1 2,588 11,997 11,150 5,073 3,130 1,020 2,085 630
ROE (net income / shareholders' equity) 6.82% 2.88% -12.2% -13.8% - - - -
ROA (Net income/ Total Assets) 2.83% -12.6% - -3.13% 4.01% 7.9% 10.1% 11.7%
Assets 1 -404,945 129,773 - 584,267 -419,783 6,443 11,016 17,394
Book Value Per Share 2 29.80 20.90 14.60 5.080 -4.100 -3.700 -14.40 -13.30
Cash Flow per Share 2 5.670 11.50 8.180 5.930 3.470 3.500 4.690 3.830
Capex 1 8,321 10,042 4,589 6,369 3,554 5,458 6,552 6,431
Capex / Sales 13.49% 28.24% 14.12% 22.73% 15.71% 28.06% 32.95% 28.72%
Announcement Date 5/24/19 7/23/20 6/30/21 5/30/22 5/12/23 5/27/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
1
Last Close Price
14.95 INR
Average target price
17 INR
Spread / Average Target
+13.71%
Consensus

Annual profits - Rate of surprise

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