DISHTV

Dish TV India financials

Market cap
₹440 Cr
Sector
Media, Entertainment & Publication

What Dish TV India Limited does

Dish TV India provides Direct-to-Home television distribution under a DTH license from the Ministry of Information and Broadcasting, transmitting satellite-based channel bundles to subscribers via set-top boxes and hybrid smart devices across urban, semi-urban and rural India. It also runs the Watcho OTT app aggregating content from providers such as JioHotstar, Z5 and SonyLIV, and provides Teleport Services to broadcasters. The company earns primarily through subscriber recharges and content packs sold via its distributor-dealer network, and has begun bundling DTH, OTT and broadband services with partner ISPs.

Segments

  • DTH broadcast distribution
  • Watcho OTT platform
  • Teleport Services
  • E-commerce / order fulfilment
Channel/content portfolio
575+ channels, incl. 87 HD and 4 international channels
Dealer network
1,34,000 dealers
Distributor network
2,200+ distributors
Town coverage
9,500 towns
Value-added services
19 VAS offerings
OTT platforms aggregated (Watcho)
24 platforms
Founded 2003Headquarters Mumbai, Maharashtra, India Company website

Quarterly results

Q1 FY27: revenue down 52.9%, net profit down 230.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue153 133 111 157 119 −22%118 −11%72 −35%74 −53%
EBITDA-12 -22 -29 3 -34 −183%-24 −9%-61 −110%-57 −2000%
Net profit-45 -52 -254 -23 -60 −33%-49 +6%-669 −163%-76 −230%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −53.6% 1Y

₹2.00₹3.00₹4.00₹5.00₹6.00Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹5.39 on 10 Sept 2025 → ₹2.5. High ₹5.75 (17 Sept 2025), low ₹1.84 (30 Mar 2026).

Financials, as filed

Revenue fell 38.5% a year over 3 years, FY23 to FY26. Operating margin narrowed to -24.9%.

Year endingFY23FY24FY25FY26
Revenue₹2.0k Cr₹815 Cr₹588 Cr₹466 Cr
Operating profit₹959 Cr₹91 Cr₹-71 Cr₹-116 Cr
Operating margin47.9%11.2%-12.1%-24.9%
Interest₹285 Cr₹259 Cr₹259 Cr₹261 Cr
Depreciation₹693 Cr₹43 Cr₹46 Cr₹37 Cr
Net profit₹-2.0k Cr₹-1.3k Cr₹-394 Cr₹-801 Cr
Net margin-100.8%-164.2%-67.0%-171.9%
Cash from operations₹10 Cr₹24 Cr₹19 Cr₹1 Cr
Free cash flow₹-4 Cr₹13 Cr₹10 Cr₹-16 Cr
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹184 Cr₹184 Cr₹184 Cr₹184 Cr₹184 Cr₹184 Cr
Reserves₹3.1k Cr₹660 Cr₹-1.4k Cr₹-2.7k Cr₹-3.7k Cr₹-3.9k Cr
Borrowings₹85 Cr₹2 Cr₹2 Cr₹2 Cr₹16 Cr₹22 Cr
Other liabilities₹5.1k Cr₹4.8k Cr₹4.8k Cr₹5.0k Cr₹5.7k Cr₹5.6k Cr
Total liabilities₹8.5k Cr₹5.7k Cr₹3.6k Cr₹2.5k Cr₹2.3k Cr₹1.9k Cr
Fixed assets₹1.9k Cr₹940 Cr₹125 Cr₹94 Cr₹994 Cr₹88 Cr
Capital work in progress₹8 Cr₹2 Cr₹2 Cr₹2 Cr₹274 Cr₹0 Cr
Investments₹5.2k Cr₹3.1k Cr₹1.5k Cr₹778 Cr₹25 Cr₹17 Cr
Other assets₹1.4k Cr₹1.7k Cr₹1.9k Cr₹1.6k Cr₹978 Cr₹1.8k Cr
Total assets₹8.5k Cr₹5.7k Cr₹3.6k Cr₹2.5k Cr₹2.3k Cr₹1.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −2.35 pp while the public added +2.21 pp. The shareholder count shrank 5% to 3,57,435.

Promoters
4.2%
FIIs
7.8%
DIIs
2.5%
Public
85.5%

Since Jun 2025

  • FIIs −2.35 pp
  • Public +2.21 pp
  • Promoters +0.17 pp

How it drifted, 12 quarters

Over this window the public went from 81.2% to 85.5% — +4.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 4.0%, FIIs 11.8%, DIIs 3.0%, Public 81.2%.Dec '23: Promoters 4.0%, FIIs 11.8%, DIIs 2.5%, Public 81.8%.Mar '24: Promoters 4.0%, FIIs 10.9%, DIIs 2.3%, Public 82.8%.Jun '24: Promoters 4.0%, FIIs 9.8%, DIIs 2.3%, Public 83.8%.Sep '24: Promoters 4.0%, FIIs 9.8%, DIIs 2.8%, Public 83.4%.Dec '24: Promoters 4.0%, FIIs 9.5%, DIIs 3.1%, Public 83.3%.Mar '25: Promoters 4.0%, FIIs 10.5%, DIIs 2.5%, Public 82.9%.Jun '25: Promoters 4.1%, FIIs 10.2%, DIIs 2.5%, Public 83.3%.Sep '25: Promoters 4.1%, FIIs 9.7%, DIIs 2.5%, Public 83.7%.Dec '25: Promoters 4.1%, FIIs 8.7%, DIIs 2.5%, Public 84.8%.Mar '26: Promoters 4.1%, FIIs 8.2%, DIIs 2.5%, Public 85.2%.Jun '26: Promoters 4.2%, FIIs 7.8%, DIIs 2.5%, Public 85.5%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Dish TV India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
J C Flowers Asset Reconstruction Private Limited 24.19%unchanged
East Bridge Capital Master Fund I Ltd FPI fund4.30%unchanged
Vara Future Llp 1.99%newly disclosed
Agrani Holdings Mauritius Ltd 1.91%unchanged
Stci Finance Limited NBFC / DFI1.89%unchanged
Ashish Dhawan 1.57%unchanged
Jsgg Infra Developers LLP 1.47%unchanged
Direct Media Distribution Ventures Private Limited 0.56%unchanged
Veena Investments Private Limited 0.17%+0.17 pp
World Crest Advisors LLP 0.05%unchanged
Sushila Devi 0.03%unchanged
Gaurav Goel 0.02%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Dish TV India Limited

Guides on how to read this kind of business and the numbers that matter.