Dish Tv India Limited (DISHTV)

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Dish Tv India Limited (DISHTV) · mywealthgrid

About

Dish TV India operates in TV broadcasting and software production within the Consumer Discretionary entertainment sector. The company has a market cap of ₹517.41 Cr with quarterly revenues between ₹71–₹299 Cr, but has faced persistent operating losses across recent periods.

Face value: ₹1

Market cap

₹396 Cr

P/E

—

P/B

—

Dividend yield

ROE

—

ROCE

—

Debt / equity

—

OPM

-0.6%

EPS (TTM)

₹-5.4

Book value

₹-22.0

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Consistent net losses in all 8 recent quarters (₹48.9 Cr to ₹669.16 Cr) with mostly negative operating margins indicate structural profitability challenges.
Revenue volatility (₹71.69 Cr to ₹299.05 Cr per quarter) suggests business instability—verify whether this reflects subscriber churn or accounting mix issues.
Stock declined 45.12% over 1 year with promoters holding only 4.23%, signaling investor and insider confidence collapse.
Cord-cutting and OTT competition threaten linear TV broadcasting—verify subscriber trends, market share, and competitive positioning.

Generated analysis · source review pending

Growth drivers

Operating margin improved to 10.94% in Sep 2025 (vs negative most quarters)—verify if this improvement is sustainable and achievable on larger revenue base.
Software production segment mentioned in business description but overall financials show losses—verify whether this arm is separately profitable.
Revenue base of ₹71–₹299 Cr quarterly exists; verify whether volume can stabilize and profitability emerge at Sep 2025 margin levels.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹2.20%1Y

Quick read

rule-based

Pros

+High return on capital employed of 43.5%

Cons

−Low return on equity of -807.7% (3-yr avg)
−Revenue shrank over the last 5 years (-18.6% a year)
−Weak interest coverage of -1.5×
−Low promoter holding of 4.2%

Research score

Structured signal from quality, growth, valuation and momentum.

33/100

Business quality: 0
Growth: 0
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,060	3,014	4,634	6,166	3,556	3,249	2,802	2,262	1,857	1,568	1,163
COGS	—	—	11	9	3	9	34	21	17	10	81
Gross profit	—	—	—	—	—	—	2,768	—	—	—	1,081
	1,468	1,437	3,307	4,113	1,447	1,223	1,124	1,327	1,085	1,028	1,088
	—	—	1,316	2,044	2,106	2,017	1,644	913	754	529	-7
OPM %	—	—	28.4%	33.2%	59.2%	62.1%	58.7%	40.4%	40.6%	33.8%	-0.6%
Depreciation	591	691	1,072	1,441	1,426	1,532	1,071	849	472	439	414
Interest	209	229	396	629	565	418	325	278	267	269	270
	64	62	54	-1,510	-1,902	-764	-2,630	-1,874	-383	-309	-114
Profit before tax	290	—	-98	-1,536	-1,787	-698	-2,381	-2,088	-369	-488	-805
Tax	-403	27	-13	-372	-133	492	-514	-405	1,598	0	3
Tax %	-139.2%	—	-13.3%	-24.2%	-7.4%	70.6%	-21.6%	-19.4%	433.5%	0%	0.3%
	692	82	-85	-1,163	-1,655	-1,190	-1,867	-1,684	-1,967	-488	-807
PAT margin %	22.6%	2.7%	-1.8%	-18.9%	-46.5%	-36.6%	-66.6%	-74.4%	-105.9%	-31.1%	-69.4%
EPS (₹)	—	—	-0.7	-6	-8.5	-6.1	-9.5	-8.8	-10.2	-2.5	-4.2
EPS adjusted (₹)	—	0.8	-0.4	-6.2	-8.9	-6.4	-10	-9.1	-10.7	-2.7	-4.4
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	107	184	184	184	184	184	184	184	184	184
Reserves	299	6,570	5,306	3,666	2,503	752	-973	-2,940	-3,427	-4,227
	581	2,248	1,931	997	810	376	73	0	0	0
	3,183	6,170	6,948	6,762	5,788	5,356	5,222	5,465	5,547	5,796
Total equity & liabilities	4,170	15,172	14,368	11,609	9,285	6,668	4,506	2,709	2,304	1,753
	2,042	12,185	10,235	7,681	6,006	3,018	1,056	1,072	1,040	873
CWIP	580	678	767	623	395	506	277	278	291	144
Investments	165	150	323	0	0	0	0	16	25	12
	1,383	2,159	3,044	3,305	2,883	3,144	3,173	1,344	947	724
Total assets	4,170	15,172	14,368	11,609	9,285	6,668	4,506	2,709	2,304	1,753

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	98.8%	—	—	—	93%
EBITDA margin %	33.2%	59.2%	62.1%	58.7%	40.4%	40.6%	33.8%	-0.6%
EBIT margin %	9.8%	19.1%	14.9%	20.5%	2.8%	15.2%	5.7%	-36.2%
PAT margin %	-18.9%	-46.5%	-36.6%	-66.6%	-74.4%	-105.9%	-31.1%	-69.4%
Working capital
Receivable days	8	9	10	10	15	13	19	20
Inventory days	2	6	6	101	3	4	3	103
Payable days	123	325	353	7,460	121	163	146	1,847
NWC days	-113	-310	-336	-7,348	-103	-146	-124	-1,724
Leverage
Current ratio	—	—	0.12	0.13	0.16	0.17	0.12	0.08
Debt to EBITDA	0.94	0.47	0.4	0.23	0.08	0	0	—
Debt to equity	0.35	0.26	0.3	0.4	-0.09	-0	-0	-0
Interest coverage	1	1.2	1.2	1.8	0.4	1.1	0.4	-1.5
Asset turnover	0.43	0.31	0.35	0.42	0.5	0.69	0.68	0.66
Return ratios
Return on assets %	-8.1%	-14.3%	-12.8%	-28%	-37.4%	-72.6%	-21.2%	-46.1%
Return on capital employed %	—	—	16.9%	30.1%	83.5%	-11%	-3.6%	9.7%
Return on equity %	-21.2%	-43%	-44.3%	-199.5%	213.4%	71.3%	15%	20%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	4.04%	4.04%	4.04%	4.04%	4.04%	4.04%	4.04%	4.06%	4.06%	4.06%	4.06%	4.23%
	17.78%	16.45%	12.39%	11.3%	11.27%	11.04%	12.06%	11.64%	11.18%	10.17%	8.94%	8.51%
	3.46%	2.93%	2.77%	2.79%	2.82%	3.14%	2.52%	2.52%	2.52%	2.5%	2.5%	2.5%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	74.72%	76.58%	80.8%	81.87%	81.87%	81.78%	81.38%	81.78%	82.24%	83.27%	84.5%	84.76%
No. of shareholders	—	—	—	—	—	—	—	—	3,76,411	3,63,934	3,59,479	3,57,435

Promoter holding up 0.19 percentage points since Sep 2023.

123 deals · 13 Sept 2021 – 21 Mar 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
21 Mar 2025	MUNISH FINANCIAL	Bulk	NSE	Sell	94,56,868	₹6.26	₹5.92 Cr
19 Feb 2025	SETU SECURITIES PVT LTD	Bulk	NSE	Buy	1,08,00,000	₹6.98	₹7.54 Cr
19 Feb 2025	SETU SECURITIES PVT LTD	Bulk	NSE	Sell	18,00,000	₹6.93	₹1.25 Cr
12 Jun 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	1,45,70,680	₹16.56	₹24.13 Cr
12 Jun 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	1,29,94,549	₹16.54	₹21.49 Cr
3 Apr 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	1,60,48,939	₹19.21	₹30.83 Cr
3 Apr 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	1,52,97,962	₹19.19	₹29.36 Cr
3 Apr 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,03,17,915	₹19.19	₹19.80 Cr
3 Apr 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,03,17,915	₹19.18	₹19.79 Cr
15 Mar 2024	SETU SECURITIES PVT LTD	Bulk	NSE	Buy	1,17,85,000	₹17.26	₹20.34 Cr

1–10 of 123

1 / 13

Mr. Manoj DobhalExecutive Director-Chairperson-CEO
Mr. Arun Kumar KapoorNon-Executive - Independent Director
Mrs. Heena Naishadh BhattNon-Executive - Independent Director
Mr. Ashok Anant ParanjpeNon-Executive - Independent Director
Mr. Amit Kumar VermaChief Financial Officer
Mr. Balveer SinghCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Dish Tv India Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Interim dividend5 Nov 2018 · ex-date₹0.5

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

18 announcementsExport CSV

1 Oct 2026, 2:10 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

29 Sept 2026, 6:28 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 6:25 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

8 Sept 2026, 4:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Sept 2026, 6:12 pmCompany Update

Letters Sent To Shareholders Under Reg. 36(1)(B) Of Listing Regulations

General PDF

7 Sept 2026, 6:10 pmOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

7 Sept 2026, 6:08 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

7 Sept 2026, 6:04 pmAGM/EGM

Notice Of Annual General Meeting To Be Held On September 29, 2026 Through VC/OAVM

AGM PDF

Date	Category	Subject	Filing
1 Oct 2026, 2:10 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
29 Sept 2026, 6:28 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	98.8%	—	—	—	93%
EBITDA margin %	33.2%	59.2%	62.1%	58.7%	40.4%	40.6%	33.8%	-0.6%
EBIT margin %	9.8%	19.1%	14.9%	20.5%	2.8%	15.2%	5.7%	-36.2%
PAT margin %	-18.9%	-46.5%	-36.6%	-66.6%	-74.4%	-105.9%	-31.1%	-69.4%
Working capital
Receivable days	8	9	10	10	15	13	19	20
Inventory days	2	6	6	101	3	4	3	103
Payable days	123	325	353	7,460	121	163	146	1,847
NWC days	-113	-310	-336	-7,348	-103	-146	-124	-1,724
Leverage
Current ratio	—	—	0.12	0.13	0.16	0.17	0.12	0.08
Debt to EBITDA	0.94	0.47	0.4	0.23	0.08	0	0	—
Debt to equity	0.35	0.26	0.3	0.4	-0.09	-0	-0	-0
Interest coverage	1	1.2	1.2	1.8	0.4	1.1	0.4	-1.5
Asset turnover	0.43	0.31	0.35	0.42	0.5	0.69	0.68	0.66
Return ratios
Return on assets %	-8.1%	-14.3%	-12.8%	-28%	-37.4%	-72.6%	-21.2%	-46.1%
Return on capital employed %	—	—	16.9%	30.1%	83.5%	-11%	-3.6%	9.7%
Return on equity %	-21.2%	-43%	-44.3%	-199.5%	213.4%	71.3%	15%	20%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Sun Tv Network LimitedSUNTVSUNTV	₹23,642 Cr	₹23,642 Cr	₹4,502 Cr	₹2,330 Cr	51.1%	₹1,530 Cr	33.2%	16.8%	11.9%	-13
Hathway Cable & Datacom LimitedHATHWAYHATHWAY	₹1,650 Cr	₹1,650 Cr	₹2,184 Cr	₹310 Cr	15%	₹76 Cr	3.8%	2.4%	1.9%	-49
Den Networks LimitedDENDEN	₹1,213 Cr	₹1,213 Cr	₹976 Cr	₹60 Cr	7%	₹148 Cr	17%	5.5%	4.5%	-75
New Delhi Television LimitedNDTVNDTV	₹768 Cr	₹954 Cr	₹523 Cr	₹-271 Cr	-49.3%	₹-330 Cr	-61.2%	-72.7%	-345%	34
Gtpl Hathway LimitedGTPLGTPL	₹623 Cr	₹850 Cr	₹3,831 Cr	₹403 Cr	10.9%	₹8 Cr	0.3%	3.5%	1.4%	-31
Tv Today Network LimitedTVTODAYTVTODAY	₹607 Cr	₹622 Cr	₹820 Cr	₹37 Cr	3.8%	₹17 Cr	1.8%	4.6%	1.6%	76
Zee Media Corporation LimitedZEEMEDIAZEEMEDIA	₹472 Cr	₹482 Cr	₹768 Cr	₹102 Cr	13.9%	₹-1 Cr	0.3%	5.3%	0.9%	69
Dish Tv India LimitedDISHTVDISHTV	₹396 Cr	₹396 Cr	₹1,099 Cr	₹-188 Cr	-0.6%	₹-999 Cr	-69.4%	—	—	-1,724
Aqylon Nexus LimitedAQYLONAQYLON	₹392 Cr	₹392 Cr	₹5 Cr	₹-0 Cr	6.1%	₹-24 Cr	-366.5%	21.4%	—	-31
B.a.g Films And Media LimitedBAGFILMSBAGFILMS	₹89 Cr	₹89 Cr	₹157 Cr	₹20 Cr	11.9%	₹5 Cr	3.4%	5.8%	2.3%	290
Raj Television Network LimitedRAJTVRAJTV	₹56 Cr	₹77 Cr	₹69 Cr	₹3 Cr	5.9%	₹-0 Cr	1.1%	2.7%	0.6%	99
Crystal Business System LtdCRYSTALCRYSTAL	₹19 Cr	₹22 Cr	₹17 Cr	₹2 Cr	4%	₹1 Cr	1.4%	2.8%	0.8%	126

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,574	1,141	668	676	410	71
	-481	-668	-341	-595	-377	-51
	-1,112	-494	-328	-88	-27	-29
Net cash flow	-19	-20	-1	-7	6	-9
Free cash flow	1,115	507	313	85	10	-22
CFO / Operating profit %	78%	69.4%	73.2%	89.7%	77.5%	—

Dish Tv India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

1

Announcements

Not in the F&O segment

No fund holdings on record

1

1

Announcements

Annual reports

Credit ratings

Compounded sales growth

Return on equity

Dish Tv India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends1

Board meetings1

Announcements

Not in the F&O segment

Ratio timeline

No fund holdings on record

Dividends1

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1

1

1