Dish TV India (DISHTV)

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1

Key Financials

Strengths

• Still has operating scale: quarterly sales of ₹299 Cr provide a base for cost restructuring.
• Implied price-to-sales is low: ₹532 Cr market cap vs roughly ₹1,196 Cr annualised sales suggests pessimism is priced in.
• No dividend obligation (0% yield) allows cash retention during any attempted turnaround.
• Stock trades at ₹3.97, well above its 52-week low of ₹1.82, reflecting some recovery in investor sentiment.

Concerns

• Negative book value of ₹-18.04 per share: liabilities exceed assets, completely wiping out equity.
• Latest quarter net loss of ₹276 Cr nearly equals quarterly sales of ₹299 Cr, indicating a deeply unprofitable operation.
• Sales are declining at -19.83% and profit growth is -343.12%, showing rapid fundamental deterioration.
• Piotroski F-Score of 2/9, combined with promoter holding of just 4.06%, signals weak financial health and minimal insider commitment.

AI Analysis

Friends, when I look at Dish TV, I fail the first test I always apply: financial safety. The balance sheet shows a book value of minus ₹18.04 per share. That means shareholders’ equity has been completely erased. You cannot build lasting value on a negative foundation. The latest quarter tells the same story: sales of ₹299 Cr produced a ₹276 Cr net loss. That is an alarming loss margin, and profit growth has collapsed by 343%. The Piotroski F-Score of 2 out of 9 confirms severe financial distress. Sales are also shrinking, down over 19% year-on-year. A TV distribution business caught between streaming disruption and intense competition has no pricing power and no visible moat. Promoter holding is only 4.06%. In my experience, owners should have meaningful skin in the game; here, management’s stake is almost negligible. I want the captain to own part of the ship, not to be a passenger. At ₹3.97, market capitalisation is ₹532 Cr. But with negative equity, you are not buying assets—you are buying a hope that the business can be restarted. Benjamin Graham said price is what you pay, value is what you get. Here, value is deeply uncertain. The company still has some scale—₹299 Cr of quarterly revenue—and the stock has lifted off its ₹1.82 low, but a low price does not create a margin of safety. Negative net worth removes that margin. I would remain a spectator. If Dish TV can halt the losses, stabilise sales, and rebuild shareholder equity, I might revisit. Until then, this is a speculation, not an investment.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer