DISHTV
Dish TV India Limited
DTH television broadcaster and connected-home entertainment platform
Consumer Discretionary›Media, Entertainment & Publication›Entertainment›TV Broadcasting & Software Production
dishd2h.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹2.13
Market cap
392 Cr
Stock P/E
Loss (TTM EPS ₹-5.20)
Operating margin (FY26)
-36.2%
OCF / EBITDA (3Y)
90.7%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Dish TV is a direct-to-home (DTH) television service provider in India that earns subscription revenue from customers across the country, alongside a smaller LED television business.
Company snapshot
10thBy market cap
Ranked among 15 companies in TV Broadcasting & Software Production.
What we see
Positives
- ✓91% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
- ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 479 Cr | 470 Cr | 407 Cr | 455 Cr | 396 Cr | 373 Cr | 344 Cr | 329 Cr | 291 Cr | 299 Cr | 243 Cr | 266 Cr |
| Operating expenses (approx.) | 284 Cr | 290 Cr | 242 Cr | 291 Cr | 251 Cr | 250 Cr | 246 Cr | 257 Cr | 259 Cr | 341 Cr | 313 Cr | 375 Cr |
| EBITDA | 195 Cr | 180 Cr | 165 Cr | 164 Cr | 145 Cr | 123 Cr | 97 Cr | 73 Cr | 32 Cr | -42 Cr | -70 Cr | -109 Cr |
| OPM % | 40.8% | 38.4% | 40.6% | 36.1% | 36.5% | 32.9% | 28.3% | 22.1% | 10.9% | -13.9% | -28.8% | -40.9% |
| Other income | 7 Cr | 4 Cr | 5 Cr | 6 Cr | 5 Cr | 9 Cr | 7 Cr | 5 Cr | 8 Cr | 6 Cr | 11 Cr | 6 Cr |
| Interest | 66 Cr | 65 Cr | 70 Cr | 67 Cr | 66 Cr | 71 Cr | 64 Cr | 64 Cr | 69 Cr | 68 Cr | 68 Cr | 68 Cr |
| Depreciation | 119 Cr | 117 Cr | 115 Cr | 105 Cr | 121 Cr | 107 Cr | 106 Cr | 105 Cr | 104 Cr | 102 Cr | 103 Cr | 116 Cr |
| Profit before tax | 18 Cr | 3 Cr | -417 Cr | -2 Cr | -37 Cr | -47 Cr | -402 Cr | -92 Cr | -133 Cr | -276 Cr | -304 Cr | -286 Cr |
| Tax % | 69.6% | 202.5% | -377.2% | 0.0% | 0.0% | 0.0% | 0.0% | -3.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net profit | 5 Cr | -3 Cr | -1,990 Cr | -2 Cr | -37 Cr | -47 Cr | -402 Cr | -95 Cr | -133 Cr | -276 Cr | -304 Cr | -286 Cr |
| EPS (₹) | ₹0.03 | ₹-0.01 | ₹-10.34 | ₹-0.01 | ₹-0.19 | ₹-0.24 | ₹-2.09 | ₹-0.49 | ₹-0.69 | ₹-1.44 | ₹-1.58 | ₹-1.49 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,014 Cr | 4,634 Cr | 6,166 Cr | 3,556 Cr | 3,249 Cr | 2,802 Cr | 2,262 Cr | 1,857 Cr | 1,568 Cr | 1,163 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 2,046 Cr | 3,318 Cr | 4,122 Cr | 1,450 Cr | 1,232 Cr | 1,158 Cr | 1,348 Cr | 1,103 Cr | 1,039 Cr | 1,169 Cr | Sign in free for the trailing twelve months |
| EBITDA | 968 Cr | 1,316 Cr | 2,044 Cr | 2,106 Cr | 2,017 Cr | 1,644 Cr | 913 Cr | 754 Cr | 529 Cr | -7 Cr | Sign in free for the trailing twelve months |
| OPM % | 32.1% | 28.4% | 33.2% | 59.2% | 62.1% | 58.7% | 40.4% | 40.6% | 33.8% | -0.6% | Sign in free for the trailing twelve months |
| Other income | 62 Cr | 54 Cr | 52 Cr | 14 Cr | 16 Cr | 24 Cr | 33 Cr | 19 Cr | 26 Cr | 29 Cr | Sign in free for the trailing twelve months |
| Interest | 229 Cr | 396 Cr | 629 Cr | 565 Cr | 418 Cr | 325 Cr | 278 Cr | 267 Cr | 269 Cr | 270 Cr | Sign in free for the trailing twelve months |
| Depreciation | 691 Cr | 1,072 Cr | 1,441 Cr | 1,426 Cr | 1,532 Cr | 1,071 Cr | 849 Cr | 472 Cr | 439 Cr | 414 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 109 Cr | -98 Cr | -1,536 Cr | -1,787 Cr | -697 Cr | -2,381 Cr | -2,088 Cr | -369 Cr | -488 Cr | -805 Cr | Sign in free for the trailing twelve months |
| Tax % | 25.0% | 13.3% | 24.2% | 7.4% | -70.6% | 21.6% | 19.4% | -433.5% | 0.0% | -0.3% | Sign in free for the trailing twelve months |
| Net profit | 82 Cr | -85 Cr | -1,163 Cr | -1,655 Cr | -1,190 Cr | -1,867 Cr | -1,684 Cr | -1,967 Cr | -488 Cr | -807 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹0.86 | ₹-0.69 | ₹-5.95 | ₹-8.52 | ₹-6.12 | ₹-9.51 | ₹-8.75 | ₹-10.22 | ₹-2.53 | ₹-4.20 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | — | — | — | — | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 107 Cr | 184 Cr | 184 Cr | 184 Cr | 184 Cr | 184 Cr | 184 Cr | 184 Cr | 184 Cr | 184 Cr |
| Reserves | 299 Cr | 6,570 Cr | 5,309 Cr | 3,666 Cr | 2,503 Cr | 752 Cr | -973 Cr | -2,940 Cr | -3,427 Cr | -4,227 Cr |
| Borrowings | 581 Cr | 2,248 Cr | 1,931 Cr | 997 Cr | 483 Cr | 376 Cr | 73 Cr | 0.08 Cr | — | — |
| Other liabilities | 3,192 Cr | 6,188 Cr | 6,982 Cr | 6,814 Cr | 6,174 Cr | 5,417 Cr | 5,222 Cr | 5,465 Cr | 5,547 Cr | 5,796 Cr |
| Total liabilities | 4,170 Cr | 15,172 Cr | 14,371 Cr | 11,609 Cr | 9,285 Cr | 6,668 Cr | 4,506 Cr | 2,709 Cr | 2,304 Cr | 1,753 Cr |
| Fixed assets (net) | 2,030 Cr | 3,634 Cr | 3,349 Cr | 2,849 Cr | 2,092 Cr | 1,576 Cr | 1,052 Cr | 1,070 Cr | 1,037 Cr | 870 Cr |
| CWIP | 580 Cr | 678 Cr | 767 Cr | 623 Cr | 395 Cr | 506 Cr | 277 Cr | 278 Cr | 291 Cr | 144 Cr |
| Investments | 165 Cr | 150 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 16 Cr | 25 Cr | 12 Cr |
| Loans & advances | — | — | 12 Cr | 16 Cr | 19 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr |
| Inventories | 13 Cr | 38 Cr | 25 Cr | 22 Cr | 21 Cr | 10 Cr | 13 Cr | 11 Cr | 9 Cr | 23 Cr |
| Trade receivables | 87 Cr | 146 Cr | 141 Cr | 87 Cr | 93 Cr | 80 Cr | 92 Cr | 66 Cr | 80 Cr | 65 Cr |
| Cash & bank | 173 Cr | 302 Cr | 93 Cr | 113 Cr | 94 Cr | 74 Cr | 37 Cr | 30 Cr | 36 Cr | 27 Cr |
| Other assets | 1,122 Cr | 10,224 Cr | 9,986 Cr | 7,900 Cr | 6,571 Cr | 4,422 Cr | 3,035 Cr | 1,239 Cr | 826 Cr | 612 Cr |
| Total assets | 4,170 Cr | 15,172 Cr | 14,371 Cr | 11,609 Cr | 9,285 Cr | 6,668 Cr | 4,506 Cr | 2,709 Cr | 2,304 Cr | 1,753 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 821 Cr | 1,036 Cr | 1,091 Cr | 2,204 Cr | 1,574 Cr | 1,141 Cr | 668 Cr | 676 Cr | 410 Cr | 71 Cr |
| Cash from investing | -625 Cr | -493 Cr | -452 Cr | -926 Cr | -481 Cr | -668 Cr | -341 Cr | -595 Cr | -377 Cr | -51 Cr |
| Cash from financing | -115 Cr | -414 Cr | -849 Cr | -1,257 Cr | -1,112 Cr | -494 Cr | -328 Cr | -88 Cr | -27 Cr | -29 Cr |
| Net cash flow | 82 Cr | 129 Cr | -209 Cr | 21 Cr | -19 Cr | -20 Cr | -0.51 Cr | -7 Cr | 6 Cr | -9 Cr |
| Free cash flow (OCF − Capex) | -41 Cr | 198 Cr | 259 Cr | 1,200 Cr | 1,115 Cr | 507 Cr | 313 Cr | 85 Cr | 10 Cr | -22 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 34.6% | 3.3% | -12.3% | -25.5% | -9.0% | -164.4% | — | — | — | — |
| ROE % | 23.2% | -1.1% | -21.0% | -43.2% | -44.8% | -209.2% | — | — | — | — |
| Debtor days | 11 | 11 | 8 | 9 | 10 | 10 | 15 | 13 | 18 | 20 |
| Inventory days | 2 | 3 | 1 | 2 | 2 | 1 | 2 | 2 | 2 | 7 |
| Days payable | 22 | 53 | 82 | 133 | 134 | 91 | 72 | 97 | 96 | 129 |
| Cash conversion cycle | -10 | -38 | -72 | -121 | -121 | -79 | -55 | -82 | -76 | -101 |
| OCF / EBITDA % | 84.9% | 78.7% | 53.4% | 104.6% | 78.0% | 69.4% | 73.2% | 89.7% | 77.5% | — |
| OCF / EBITDA % (3 years) | — | — | 68.1% | 79.2% | 78.9% | 85.3% | 74.0% | 75.1% | 79.9% | 90.7% |
| Debt / equity | 1.46 | 0.33 | 0.35 | 0.26 | 0.18 | 0.43 | — | — | — | — |
| Current ratio | 0.23 | 0.19 | 0.28 | 0.11 | 0.13 | 0.13 | 0.16 | 0.17 | 0.12 | 0.08 |
| Net debt / EBITDA | 0.42 | — | 0.90 | 0.42 | 0.19 | 0.18 | 0.04 | -0.04 | -0.07 | — |