DISHTV.NS Dish TV India Limited
INR·Price 3.08·Mkt cap 5.67BComputed from the latest reported financials and the current market price.
Who's the real player?
A genuine play on this theme — most of its business sits right here.
Is the business healthy?
A mixed picture — real strengths, but soft spots in cash flow, returns or debt.
- ⚠Weak FCF conversion (<50% of net income turns into free cash)
- ⚠Thin interest coverage (<2x)
- ⚠Altman Z in distress zone (<1.8)
- Strong growth quality
- Attractive valuation
- Positive Piotroski score
Are the smart people buying?
No ownership-change data for this stock. Conviction is judged from capex and buyback signals alone.
What is management saying?
No earnings-call transcript or filings found for this stock.
Is the price right?
Intrinsic value 4.85 vs price 3.08 — screens cheap on a cash-flow DCF (57.6% to intrinsic). The base FCF growth assumption of 8% is plausible but should be validated against historical performance and industry trends.
| Intrinsic / share | 4.85 |
| Price | 3.08 |
| Upside to intrinsic | 57.6% |
| Reverse-DCF implied g | 1.6% |
Base FCF 474.35M · growth 8.0% · discount 12.0% · terminal 5.0%.
Sensitivity — intrinsic value / share
Each cell is the intrinsic value at that growth (across →) and discount rate (down ↓). Center ★ is the base case. Cells green = above price (cheap), red = below (expensive).
| Growth rate → | |||||
|---|---|---|---|---|---|
| Disc ↓ ╲ g | 4% | 6% | 8% | 10% | 12% |
| 10% | 5.05 | 5.89 | 6.88 | 8.03 | 9.37 |
| 11% | 4.23 | 4.91 | 5.7 | 6.62 | 7.68 |
| 12% | 3.64 | 4.2 | ★ 4.85 | 5.61 | 6.49 |
| 13% | 3.2 | 3.67 | 4.22 | 4.86 | 5.59 |
| 14% | 2.86 | 3.26 | 3.73 | 4.28 | 4.9 |
Through the masters' eyes
Each investor's numeric rules, checked against this stock's metrics: exact math, no guesswork. Tap one to see which rules pass, fail, and what to judge yourself.
▶
Passes 2 of 2 of Vijay Kedia's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 20%
- Manageable debt (D/E ≤ 1.0) — now -0
- Ambitious, capable management
- A small company with a large opportunity
- Patience to hold for years
Couldn't check from available data: Strong earnings growth ≥ 20% — not available
▶
Passes 3 of 4 of Charlie Munger's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 20%
- Conservative leverage (D/E ≤ 1.0) — now -0
- Trades below intrinsic value (margin of safety ≥ 0) — now 36.5%
- High returns on capital (ROCE ≥ 15%) — now 10.4%
- A high-quality, understandable business
- A durable moat
- Management of integrity
▶
Passes 2 of 3 of Rakesh Jhunjhunwala's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 18% — now 20%
- Conservative leverage (D/E ≤ 1.0) — now -0
- Net margin ≥ 10% — now -69.4%
- A large, scalable opportunity
- Trustworthy, ambitious management
- Conviction to hold through volatility
Couldn't check from available data: Earnings growth ≥ 15% — not available
▶
Passes 3 of 5 of Warren Buffett's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 20%
- Conservative leverage (D/E ≤ 1.0) — now -0
- Trades below intrinsic value (margin of safety ≥ 0) — now 36.5%
- Net margin ≥ 10% — now -69.4%
- Positive free cash flow — now -1.9%
- A business you can understand
- A durable competitive moat
- Honest, capable management
▶
Passes 3 of 5 of Benjamin Graham's numeric checks. Still judge the non-numeric criteria below for yourself.
- P/E ≤ 15 — now -0.71
- P/B ≤ 1.5 — now -0.14
- Debt below equity (D/E ≤ 1.0) — now -0
- Strong liquidity (current ratio ≥ 1.5) — now 0.08
- Financially safe (Altman Z ≥ 3) — now -6.93
- A long record of stable earnings
- An uninterrupted dividend history
Couldn't check from available data: Graham number: P/E × P/B ≤ 22.5 — not available
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Passes 1 of 2 of Peter Lynch's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now -0
- Solid liquidity (current ratio ≥ 1.5) — now 0.08
- A simple business you understand
- Which 'type' it is (fast grower, stalwart, cyclical…)
- A believable growth story
Couldn't check from available data: PEG ≤ 1 (growth cheap vs price) — not available; Earnings growth ≥ 15% — not available
▶
Passes 2 of 4 of Radhakishan Damani's numeric checks. Still judge the non-numeric criteria below for yourself.
- Very low debt (D/E ≤ 0.5) — now -0
- Consistent revenue (consistency ≥ 80%) — now 95.2%
- High returns on capital (ROCE ≥ 18%) — now 10.4%
- Positive net margin — now -69.4%
- A durable consumer franchise
- Pricing power
- A long runway, bought patiently
▶
Passes 1 of 2 of Raamdeo Agrawal's numeric checks. Still judge the non-numeric criteria below for yourself.
- Longevity: revenue consistency ≥ 70% — now 95.2%
- Quality: ROCE ≥ 18% — now 10.4%
- Durability of the growth (longevity)
- Quality and honesty of management
Couldn't check from available data: Growth: earnings CAGR ≥ 15% — not available; Price: PEG ≤ 2 — not available
Financial statements (INR)
↗ sourceCash-flow lines highlighted — we trust cash over reported profit.
| Line | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 11.63B | 15.68B | 18.30B | 22.37B | — |
| Operating income | -4.21B | 900.20M | 2.89B | 1.60B | — |
| EBITDA | -1.21B | 2.20B | 3.67B | -9.63B | — |
| Net income | -8.07B | -4.88B | -19.67B | -16.84B | — |
| Operating cash flow | 712.00M | 4.10B | 6.76B | 6.68B | — |
| Capex | -936.90M | -4.00B | -5.91B | -3.55B | — |
| Free cash flow | -224.90M | 99.40M | 849.30M | 3.13B | — |
| Total assets | 17.53B | 23.04B | 27.09B | 44.85B | — |
| Total equity | -40.43B | -32.43B | -27.56B | -7.89B | — |
| Total debt | 187.40M | 347.10M | 22.50M | 746.00M | — |
| Cash & equivalents | 272.00M | 359.40M | 297.50M | 368.00M | — |