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Dish TV India Limited (DISHTV) AI Stock Analysis

IN:DISHTV

Dish TV India Limited

(NSE:DISHTV)

Select Model
Rating:41Neutral
Price Target:INR 2.00â–¼(-6.54% Downside)
Action:reiterated
Date:09/06/26

The overall score is low because the company’s core financial profile is severely stressed, with multi-year revenue decline, deeply negative profitability, a fragile balance sheet and weakening cash flows, making financial risk the dominant factor. Technicals reinforce this cautious view as the stock is in a clear downtrend with oversold readings and high volatility, suggesting continued pressure despite the possibility of short-term bounces. Valuation does not offset these concerns since earnings are negative and there is no visible dividend support, leaving limited evidence that the current price fully compensates for the elevated risk.

Positive Factors
Recurring Subscription ModelRecurring subscription revenue provides a repeatable monetization model and establishes an ongoing customer relationship. Although performance depends on subscriber retention, pricing and channel costs, this structure can support predictable revenue generation if the company stabilizes its customer base and service economics.
Negative Factors
Sustained Revenue DeclineMulti-year revenue contraction indicates weakening business scale rather than a temporary fluctuation. Continued top-line decline can reduce operating leverage, weaken bargaining power and make it harder to spread platform and content-related costs, pressuring the company’s recovery prospects.

Dish TV India Limited (DISHTV) vs. iShares MSCI India ETF (INDA)

-60%-50%-40%-30%-20%-10%0%10%IN:DISHTV-52.03%INDA-10.31%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 3.74B
Dividend Yield
―
Average Volume (3M)
252.17K
Price to Earnings (P/E)
-0.4
Beta (1Y)
1.63
Revenue Growth
-23.76%
EPS Growth
-69.83%
Country
India
Employees
293
Sector
General
Sector Strength
55
Industry
Entertainment

Dish TV India Limited Business Overview & Revenue Model

Company Description

Operating primarily within India, Dish TV India Limited, along with its subsidiaries, delivers direct-to-home (DTH) and teleport services. Its offerings are distributed through an extensive network of distributors and dealers. By December 30, 2020, t...

How the Company Makes Money

Dish TV India Limited primarily makes money by selling subscription-based pay-TV services delivered via its DTH platform. The company’s core revenue stream is subscription revenue from customers who pay recurring fees (typically monthly or longer-ter...

Dish TV India Limited Financial Statement Overview

Summary

Financial performance is very weak: revenue has fallen sharply over five years, margins have collapsed with EBITDA and gross margin turning negative in 2026, net losses are large and persistent, shareholders’ equity is deeply negative and assets have more than halved, while operating cash flow remains positive but has deteriorated and free cash flow has turned negative.

Income Statement

8Very Negative

Balance Sheet

3Very Negative

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue10.99B11.63B15.68B18.57B22.62B28.02B
Gross Profit-1.97B-472.70M15.57B6.43B6.22B9.12B
EBITDA-3.07B310.70M2.20B3.70B-9.61B-9.86B
Net Income-9.99B-8.07B-4.88B-19.67B-16.84B-18.31B
Balance Sheet
Total Assets017.53B23.04B27.09B45.06B66.68B
Cash, Cash Equivalents and Short-Term Investments1.58B1.58B1.85B1.86B1.81B1.82B
Total Debt0307.20M372.40M22.50M746.00M3.78B
Total Liabilities40.43B57.96B55.47B54.65B52.95B57.93B
Stockholders Equity-40.43B-40.43B-32.43B-27.56B-7.89B9.36B
Cash Flow
Free Cash Flow-264.60M-145.40M99.40M847.90M3.13B5.07B
Operating Cash Flow1.01B791.50M4.10B6.76B6.68B11.41B
Investing Cash Flow-1.10B-699.00M-3.77B-5.95B-3.41B-6.69B
Financing Cash Flow-108.50M-179.90M-265.40M-882.90M-3.28B-4.94B

Dish TV India Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price2.14

Price Trends

50DMA2.37Negative
100DMA2.66Negative
200DMA2.94Negative

Market Momentum

MACD-0.10Negative
RSI37.49Neutral
STOCH47.99Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DISHTV, the sentiment is Negative. The current price of 2.14 is above the 20-day moving average (MA) of 2.07, below the 50-day MA of 2.37, and below the 200-day MA of 2.94, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 37.49 is Neutral, neither overbought nor oversold. The STOCH value of 47.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DISHTV.

Dish TV India Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:DISHTV against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:DENIN:DEN66NeutralINR 11.61B7.76――-2.48%-22.06%
IN:HATHWAYIN:HATHWAY65NeutralINR 16.05B24.61――5.91%-30.62%
IN:GTPLIN:GTPL56NeutralINR 6.07B-232.30―3.70%10.27%-106.45%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:BALAJITELEIN:BALAJITELE49NeutralINR 10.61B-49.41――0.41%-121.99%
IN:DISHTVIN:DISHTV41NeutralINR 3.76B-0.38――-23.76%-69.83%
IN:SITINETIN:SITINET40UnderperformINR 427.31M-0.24――――

* General Sector Average

Performance Comparison

-40%-20%0%IN:DISHTVIN:BALAJITELEIN:DENIN:GTPLIN:HATHWAYIN:SITINETDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
IN:DISHTV and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:DISHTVDish TV India Limited2.13-2.36-52.56%
IN:BALAJITELEBalaji Telefilms Limited87.93-33.67-27.69%
IN:DENDEN Networks Limited24.72-8.62-25.85%
IN:GTPLGTPL Hathway Ltd53.82-49.28-47.80%
IN:HATHWAYHathway Cable & Datacom Ltd.9.19-4.45-32.62%
IN:SITINETSiti Networks Limited0.490.000.00%

Dish TV India Limited Corporate Events

Dish TV Opens Special Window for Transfer of Physical Share Certificates

Aug 4, 2026

Dish TV India Limited has announced the publication of newspaper advertisements in leading English and Marathi dailies to inform shareholders about the opening of a special window for the transfer of physical securities. The move is aimed at facilita...

Dish TV Opens Special Window for Transfer of Physical Securities

Aug 4, 2026

Dish TV India Limited operates in the Indian satellite television and direct-to-home broadcasting industry, offering digital entertainment services to retail consumers nationwide. The company’s shares are listed on the National Stock Exchange o...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026