NSE: DISHTV | BSE: 532839

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4.81 -0.27 (-5.31%)

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Dish TV India Ltd. share price target and research reports

Name: Latest research reports of Dish TV India Ltd. authored by Centrum Broking and published by - Trendlyne research reports.
Item: Dish TV India Ltd.
Rating: 5
Author: Centrum Broking

Latest analyst research reports with target prices and PDF download for DISHTV, BSE:532839 Dish TV India Ltd.

Dish TV India Ltd.

01 Jun 2018

4.81

-5.31%

Dish TV

Buy: Dish TV India Ltd.

Centrum Broking

We maintain our BUY rating on Dish TV and revise our TP to Rs94 (8x FY20E EV/EBIDTA) for the merged entity. While the quarterly performance was disappointing with mere 0.2mn net subscriber addition and 5% sequential decline in revenue, overall results are not comparable. We believe the operating performance would improve significantly on merger synergies, regulatory tailwinds and economic uptick. We believe execution would be the key going forward for the management with merger being completed. Undemanding valuations, Rs37bn...

Dish TV India Ltd. has lost -22.67% in the last 6 Months

Dish TV India Ltd.

30 May 2018

4.81

-5.31%

Dish TV (4QFY18): Merger done, execution key. Maintain BUY

Buy: Dish TV India Ltd.

Target

HDFC Securities

Our positive view on DITV is on account of its inexpensive valuations (8.5/7.3x FY19/20E EV/E) BUY with a TP of Rs 97 (9x FY20E EV/E). Dish TV (DITV) reported merged financials including Videocon D2H (VD2H) w.e.f. 1st Oct17. 4QFY18 numbers were marginally weak. Revenue was at Rs 15.3bn (-5% QoQ) and adjusted EBITDA at Rs 4.6bn (-7% QoQ). ARPU declined 5% QoQ to Rs 201.

Dish TV India Ltd. has lost -66.64% in the last 1 Year

Dish TV India Ltd.

30 May 2018

4.81

-5.31%

Dish TV

Buy: Dish TV India Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Dish TV reported its Q4FY18 financials post consolidation with Videocon D2H (with effect from Q3FY18). Thus, quarterly numbers are not comparable with our estimates. The combined entity subscription revenues were at | 1377.1 crore, down 4.6% QoQ on a like-to-like basis, partly attributable to lower number of days in the quarter and partly to continued down trading. The company, under new subscriber accounting policy, reported a net subscriber base at...

Dish TV India Ltd. has lost -20.10% in the last 3 Months

Dish TV India Ltd.

22 Mar 2018

4.81

-5.31%

Visit Update - Merger synergies will be key to re-rating

Mgmt Note: Dish TV India Ltd.

Prabhudas Lilladhar

We met themanagementof DISH TV toget an update on the impending merger withVideoconD2Handpotentialsynergiesthatcouldarisefromit.Ourdiscussion centred on the breakdown of synergy benefits, competitive scenario in the DTH market amid abeyance of fresh auctions by DD Free Dish, license fee liability...

Dish TV India Ltd. has lost -66.64% in the last 1 Year

Dish TV India Ltd.

08 Feb 2018

4.81

-5.31%

Dish TV

Buy: Dish TV India Ltd.

Target

ICICI Securities Limited

Dish TV's monthly ARPU's came in at | 144 (declined by 3.1% QoQ vs our expectation of 2.0% QoQ growth), resulting in lower than estimated subscription revenues of | 692.8 crore (versus estimates of | 728.9 crore). The subscriber addition at 250K, was in line with our estimates. Closing net subscriber base stood at 16.1 million at the end of the quarter. The overall revenues came in at | 740.8 crore, below...

Dish TV India Ltd. is trading below all available SMAs

Dish TV India Ltd.

18 Dec 2017

4.81

-5.31%

Dish TV India Ltd Q2FY18 results comment

Results Update: Dish TV India Ltd.

HDFC Securities

Dish TV India Ltd Q2FY18 results comment Revenue increased by 6.82% to Rs. 472.45 Cr in Q2FY18 when compared to the previous quarter. On the other hand, it fell by 7.73% when compared with Q2FY17.

Dish TV India Ltd. has lost -22.67% in the last 6 Months

Dish TV India Ltd.

18 Dec 2017

4.81

-5.31%

Dish TV India: MIB approves merger of VD2H

Buy: Dish TV India Ltd.

Motilal Oswal

The Ministry of Information and Broadcasting (MIB) has approved the merger of DishTV (DITV) and Videocon D2H (VD2H), paving the way for their combined operations. We expect the combined entity to derive synergies of INR2.4b in FY19 and INR4b inFY20. Also refer our note dated September 25, 2017 for details on merger synergies. DI TV's ARPU has remained sluggish in the last few quarters partly due to high competitive intensity. We expect gradual improvement in ARPU, with the effects of demonetization waning, HD contribution rising, LCOs becoming increasingly tax compliant and competitive intensity reducing. The stock is trading at an EV of 6x FY19E and 4.6x FY20E EBITDA if we factor merger synergies of INR2.4b in FY19 and INR4b in FY20 ( 50 % below management's estimates). We remain positive on DITV, with a TP of INR106 (8x FY19E EBITDA ofINR26.5b including merger synergies of INR2.4b).

Dish TV India Ltd. has lost -22.67% in the last 6 Months

Dish TV India Ltd.

18 Dec 2017

4.81

-5.31%

Company Report:Dish TV

Buy: Dish TV India Ltd.

Target

Axis Direct

Dish TV (DITV) is poised to benefit from synergies with Videocon D2H (D2H) as: (a) content cost will get aligned D2H's per sub content cost is 20-25% higher than DITV, (b) lower overheads, given duplication of service centers, admin etc.

Dish TV India Ltd. is trading below all available SMAs

Dish TV India Ltd.

12 Dec 2017

4.81

-5.31%

Result Update:Dish TV

Buy: Dish TV India Ltd.

Axis Direct

Dish TV's (DITV's) Q2 performance was stable QoQ. Net subscriber addition stood at 0.18 mn (0.19 mn in Q1), while ARPU inched up to Rs 149 (Rs 148 in Q1). Content costs were flat QoQ, which coupled with lower overheads (down 15%), aided 6% QoQ rise in EBITDA (EBITDA margin at ~29%).

Dish TV India Ltd. has lost -66.64% in the last 1 Year

Dish TV India Ltd.

06 Dec 2017

4.81

-5.31%

Dish TV

Buy: Dish TV India Ltd.

Recommendation Target

ICICI Securities Limited

Dish TV's monthly ARPU came in at | 149 (up 0.7% QoQ), resulting in subscription revenues of | 704.9 crore (vs. estimate of | 699.9 crore). The subscriber addition was largely in line at 188,000 (our estimate 182,000) with a net subscriber base at 15.9 million at the end of the quarter. Overall revenues at | 748.6 crore were slightly below our estimates of | 753.9 crore, owing to lower other operating revenues EBITDA came in at | 216.1 crore vs. our expectation of | 218.9 crore,...

Dish TV India Ltd. has lost -20.10% in the last 3 Months

Is Dish TV India Ltd. worth buying?

452 Votes:

Buy 73.23%

Sell 16.81%

Hold 9.96%