Dish TV India Ltd.
NSE: DISHTV · TV Broadcasting & Software Production · sector
₹1.98NSE close 2026-10-26
Key numbers
Market cap₹365 cr
Price₹1.98
52w high / low₹5 / ₹2
P/E–Sector median 13.0x
P/B–Sector median 0.8x
Book value₹-22.0
Dividend yield–Sector median 3.37%
ROE–Sector median 0.6%
ROCE–Sector median 2.4%
OPM-30.2%Sector median 3.1%
Debt / equity–Sector median 0.02x
EV/EBITDA–Sector median 10.8x
Interest cover-2.7x
Current ratio0.08x
Sales growth 3y-19.9%Sector median -5.5%
Profit growth 3y–Sector median -8.3%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 19 companies in TV Broadcasting & Software Production (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹158 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest -2.7x in the last 12 months.
- 11.16% of the promoters' shares are pledged (0.5% of all shares).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 8 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- No dividend in the last 5 financial years.
- Price ₹1.98 on 2026-10-26: -60.3% from the 52-week high, +8.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹14.51 · low ₹1.98
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 396 | 373 | 344 | 329 | 291 | 299 | 243 | 266 |
| EBITDA | 145 | 123 | -238 | 73 | 32 | -112 | -144 | -109 |
| OPM % | 36.5% | 32.9% | -69.3% | 22.1% | 10.9% | -37.3% | -59.0% | -40.9% |
| Other income | 5 | 9 | 7 | 5 | 8 | 6 | 11 | 6 |
| Net profit | -37 | -47 | -402 | -95 | -133 | -276 | -304 | -286 |
| EPS (₹) | -0.19 | -0.24 | -2.09 | -0.49 | -0.69 | -1.44 | -1.58 | -1.49 |
| Revenue YoY | -26.4% | -19.8% | -29.3% | -19.3% | ||||
| Profit YoY | – | – | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,802 | 2,262 | 1,857 | 1,568 | 1,163 | 1,099 |
| EBITDA | -1,010 | -994 | 351 | 194 | -150 | -332 |
| Net profit | -1,831 | -1,684 | -1,967 | -488 | -807 | -999 |
| EPS (₹) | -9.51 | -8.75 | -10.22 | -2.53 | -4.20 | -5.20 |
| Revenue growth | -19.3% | -17.9% | -15.6% | -25.8% | -23.8% | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -19.9% | -18.6% | -23.8% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -60.7% (2y) | -55.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -789 | -2,756 | -3,243 | -4,043 |
| Borrowings | – | 72 | 0 | 0 | 0 |
| Cash & equivalents | – | 181 | 186 | 185 | 158 |
| Total assets | – | 4,506 | 2,709 | 2,304 | 1,753 |
| Fixed assets | – | 1,052 | 1,070 | 1,037 | 870 |
| Capital work in progress | – | 277 | 278 | 291 | 144 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 92 | 66 | 80 | 65 |
| Inventory | – | 13 | 11 | 9 | 23 |
| Payables | – | 448 | 492 | 414 | 411 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1,141 | 668 | 676 | 410 | 71 |
| Cash from investing | -668 | -341 | -595 | -377 | -51 |
| Cash from financing | -494 | -328 | -88 | -27 | -29 |
| Capex | 634 | 355 | 591 | 400 | 94 |
| Free cash flow | 507 | 313 | 85 | 10 | -22 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 213.4% | 71.3% | 15.0% | 20.0% |
| ROCE % | – | 252.7% | 3.7% | 6.8% | 13.2% |
| Debtor days | – | 15 | 13 | 19 | 20 |
| Inventory days | – | 222 | 230 | 320 | 103 |
| Payable days | – | 7,725 | 10,369 | 14,683 | 1,847 |
| Cash conversion cycle (days) | – | -7,488 | -10,126 | -14,344 | -1,724 |
| Working capital days | – | -716 | -889 | -1,130 | -1,667 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 4.23% |
| FIIs | 8.30% |
| DIIs | 2.50% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 84.97% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 4.04% | 4.04% | 4.06% | 4.06% | 4.06% | 4.06% | 4.23% | 4.23% |
| Promoter group | % |
|---|---|
| Agrani Holdings Mauritius Ltd | 1.91% |
| Jsgg Infra Developers LLP | 1.47% |
| Direct Media Distribution Ventures Private Limited | 0.56% |
| Veena Investments Pvt Ltd | 0.17% |
| World Crest Advisors LLP | 0.05% |
| Sushila Devi | 0.03% |
| Gaurav Goel | 0.02% |
| Jawahar Lal Goel | 0.01% |
| Nishi Goel | 0.00% |
| Priti Poddar | 0.00% |
| Jai Goel | 0.00% |
| Suryansh Goel | 0.00% |
| Aayushi J Agarwal | 0.00% |
| Gagan Goel | 0.00% |
| Jayprakash Devkinandan Agarwal | 0.00% |
| Public holders above 1% | % |
|---|---|
| J C Flowers Asset Reconstruction Private Limited | 24.19% |
| East Bridge Capital Master Fund I Ltd | 4.30% |
| Vara Future Llp | 2.17% |
| Stci Finance Limited | 1.89% |
| Ashish Dhawan | 1.57% |
3,54,958 shareholders. Pledged: 11.16% of promoter shares.
Peers in TV Broadcasting & Software Production
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SUNTV | ₹22,545 cr | 14.7x | 1.8x | 12.6% | 16.6% | 50.1% | +4.7% | 2.18% |
| ZEEL | ₹6,173 cr | 30.3x | 0.5x | 1.8% | 1.7% | 3.1% | +0.1% | 3.78% |
| HATHWAY | ₹1,591 cr | 23.7x | 0.3x | 1.5% | 2.1% | 13.0% | +5.0% | – |
| DEN | ₹1,174 cr | 7.8x | 0.3x | 4.0% | 5.0% | 5.3% | -4.8% | – |
| TVTODAY | ₹601 cr | 34.9x | 0.7x | 1.9% | 2.8% | 2.4% | -2.7% | 2.98% |
| GTPL | ₹600 cr | – | 0.5x | -0.2% | 2.8% | 10.1% | +11.8% | 3.75% |
| NDTV | ₹509 cr | – | 4.0x | -357.1% | -96.5% | -51.3% | +11.0% | – |
| ZEEMEDIA | ₹438 cr | – | 2.0x | -0.6% | 5.2% | 12.7% | +1.8% | – |
| DISHTV | ₹365 cr | – | – | – | – | -30.2% | -19.9% | – |
| AQYLON | ₹352 cr | 29.9x | – | – | – | 72.8% | – | – |
Business segments (2026-06-30)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| DTH business | ₹214 cr | 80.4% | ₹-199 cr | -93.3% |
| LED TV business | ₹52 cr | 19.4% | ₹-24 cr | -45.8% |
| Others | ₹1 cr | 0.3% | ₹-1 cr | -200.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2018-11-05 | Dividend | Interim Dividend - Re 0.50 Per Share |
| 2018-09-21 | Other | Annual General Meeting |
| 2017-09-21 | Other | Annual General Meeting |
| 2016-09-22 | Other | Annual General Meeting |
| 2015-09-21 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2013-08-14 | Other | Annual General Meeting |
| 2012-07-05 | Other | Annual General Meeting |
| 2011-07-07 | Other | Annual General Meeting |
| 2010-11-03 | Other | Annual General Meeting |
| 2009-06-26 | Other | Annual General Meeting |
| 2008-10-08 | Rights | Rights-121:100 Prem@Rs.21 |
| 2008-08-08 | Other | Annual General Meeting |
| 2007-07-26 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Information and Communication: Broadcasting and Programming Activities
| Sector | Consumer Discretionary |
| Industry | TV Broadcasting & Software Production |
| Sub-industry | TV Broadcasting & Software Production |
| Symbol | DISHTV |
| BSE code | 532839 |
| ISIN | INE836F01026 |
| Face value | ₹1.0 |
| Incorporated | 1988-08-10 |
| Website | www.dishd2h.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.