DISH TV has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 30,144 | 46,342 | 53.7% |
Other income | Rs m | 615 | 542 | -11.9% |
Total Revenues | Rs m | 30,759 | 46,883 | 52.4% |
Gross profit | Rs m | 9,680 | 13,160 | 35.9% |
Depreciation | Rs m | 6,908 | 10,717 | 55.1% |
Interest | Rs m | 2,292 | 3,964 | 72.9% |
Profit before tax | Rs m | 1,095 | -979 | -189.4% |
Tax | Rs m | 274 | -130 | -147.5% |
Profit after tax | Rs m | 821 | -849 | -203.4% |
Gross profit margin | % | 32.1 | 28.4 | |
Effective tax rate | % | 25.0 | 13.3 | |
Net profit margin | % | 2.7 | -1.8 |
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No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Networth | Rs m | 4,042 | 67,532 | 1,570.6 |
Current Liabilities | Rs m | 30,441 | 64,341 | 111.4 |
Long-term Debt | Rs m | 5,813 | 17,949 | 208.8 |
Total Liabilities | Rs m | 38,012 | 147,144 | 287.1 |
Current assets | Rs m | 6,923 | 12,170 | 75.8 |
Fixed Assets | Rs m | 31,089 | 134,974 | 334.2 |
Total Assets | Rs m | 38,012 | 147,144 | 287.1 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-17 | Mar-18 | ||
Cash Flow from Operating Activities | Rs m | 8,215 | 10,356 | 26.1% |
Cash Flow from Investing Activities | Rs m | -6,246 | -4,929 | - |
Cash Flow from Financing Activities | Rs m | -1,145 | -4,141 | - |
Net Cash Flow | Rs m | 824 | 1,286 | 56.1% |
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 28.3 | 25.2 |
TTM Earnings per share | Rs | 0.8 | -0.5 |
Diluted earnings per share | Rs | 0.4 | -0.5 |
Price to Cash Flow | x | 25.7 | 16.2 |
TTM P/E ratio | x | 181.8 | 158.2 |
Price / Book Value ratio | x | 24.8 | 2.4 |
Market Cap | Rs m | 100,145 | 159,819 |
Dividends per share (Unadj.) | Rs | 0.0 | 0.0 |
Current Ratio: The company's current ratio deteriorated and stood at 0.2x during FY18, from 0.2x during FY17. The current ratio measures the company's ability to pay short-term and long-term obligations.
Interest Coverage Ratio: The company's interest coverage ratio deteriorated and stood at 0.8x during FY18, from 1.5x during FY17. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.
Return on Equity (ROE): The ROE for the company declined and down at -1.3% during FY18, from 20.3% during FY18. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.
Return on Capital Employed (ROCE): The ROCE for the company declined and down at 3.5% during FY18, from 34.4% during FY17. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.
Return on Assets (ROA): The ROA of the company declined and down at 2.1% during FY18, from 8.2% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Current ratio | x | 0.2 | 0.2 |
Debtors’ Days | Days | 105 | 115 |
Interest coverage | x | 1.5 | 0.8 |
Debt to equity ratio | x | 1.4 | 0.3 |
Return on assets | % | 8.2 | 2.1 |
Return on equity | % | 20.3 | -1.3 |
Return on capital employed | % | 34.4 | 3.5 |
To see how DISH TV has performed over the last 5 years, please visit here.
Over the last one year, DISH TV share price has moved down from Rs 107.9 to Rs 71.2, registering a loss of Rs 36.8 or around 34.1%.
Meanwhile, the S&P BSE TECK Index is trading at Rs 6,513.3 (down 0.7%). Over the last one year it has moved up from 5,771.5 to 6,513.3, a gain of 742 points (up 12.9%).
Overall, the S&P BSE SENSEX is up 12.1% over the year.
(To know more, check out historical annual results for DISH TV and quarterly results for DISH TV)
DISH TV currently trades at Rs 16.8 per share. You can check out the latest share price performance of DISH TV here...
The revenues of DISH TV stood at Rs 46,883 m in FY18, which was up 52.4% compared to Rs 30,759 m reported in FY17.
DISH TV's revenue has grown from Rs 31,240 m in FY16 to Rs 46,883 m in FY18.
Over the past 3 years, the revenue of DISH TV has grown at a CAGR of 22.5%.
The net loss of DISH TV stood at Rs -849 m in FY18, which was down -203.4% compared to Rs 821 m reported in FY17.
This compares to a net profit of Rs 6,924 m in FY16.
Over the past 3 years, DISH TV net profit has grown at a CAGR of NaN%.
The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.
This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.
The cash flow statement of DISH TV reveals:
Here's the cash flow statement of DISH TV for the past 3 years.
(Rs m) | FY16 | FY17 | FY18 |
---|---|---|---|
From Operations | 11,324 | 8,215 | 10,356 |
From Investments | -8,091 | -6,246 | -4,929 |
From Financial Activity | -3,519 | -1,145 | -4,141 |
Net Cashflow | -286 | 824 | 1,286 |
Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.
The ratio/financial analysis of DISH TV reveals:
Here's the ratio/financial analysis of DISH TV for the past 3 years.
FY16 | FY17 | FY18 | |
---|---|---|---|
Operating Profit Margin (%) | 33.5 | 32.1 | 28.4 |
Net Profit Margin (%) | 22.6 | 2.7 | -1.8 |
Debt to Equity Ratio (x) | 3.0 | 1.4 | 0.3 |
Read: Latest Annual Report Analysis of DISH TV
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