NSE Symbol: DISHTV | BSE Code: 532839
Dish Tv Share Price Performance in 2018
In January 2018, the opening Dish Tv stock price was Rs 82 which dropped down to Rs75 in February. In the quarter of June, the open price was at Rs73.65 which closed at Rs73 by the end of the second quarter of 2018. By the October month, the open price has plummeted at Rs56.50 which indicates a loss of 6.42% for the person who bought it in January or February.
Overview of Dish Tv Ltd:
The Dish TV is the biggest and the worlds largest Direct-to-Home (DTH) Company with a subscriber base of exceeding 29 million. The Company is a part of the Essel Group. The Dish TV has more than 655 channels & services on its platform including 40 audio channels and 70 HD channels and services. The Dish TV offers the leverage of multiple platforms of the satellite including SES-8, GSAT-15, and ST-2 NSS-6, Asiasat-5, and has a bandwidth capacity of 1422 MHz, the largest held by any DTH player in India. Currently, the company has an extensive distribution network of more than 4,000 distributors & around 400,000 dealers that expanded across 9,450 towns in the country. Dish TV is connected with its customer base in pan India through call-centers spread across 22 cities and are equipped to handle 24/7 customer queries in 12 different languages. The Company was incorporated during August 1988 as Navpad Texturisers Pvt Ltd.
During December 1995, the company had changed its name as ASC Enterprises Ltd. In April 2006, the company launched the Hollywood blockbusters movie on demand of the subscribers. During June 2006, News Active was the one alliance bouquet which had joined. In July, the gaming channel Playjam was started. In 2006 end, the dish care centers had setup Dish Tv having 93 DCC/ service franchisees across the 51 cities. In 2007, the name was changed to Dish TV India Ltd. During 2006-07, the company had launched features of new age like Mosaic for all genres, Near Video on Demand (nVOD), Sports Active, & games for children. On 18th April 2007, the Dish TV India was listed on the NSE and Bombay Stock Exchange (BSE)after the de-merger of the direct consumer business of Zee Entertainment Enterprises Limited (earlier called Zee Telefilms Limited). During April of 2007, the Dish Tv crossed the mark of 2 million subscribers, and in the same period, the service infrastructure expanded to 950 customer service executive at nine different locations. Dish TV was recognized as one of the top 25 startup brands in the country, by Planman Media in May 2007.
Milestones achieved by Dish TV Ltd:
In the meeting held on 5 December 2007, the Board of Dish TV India Limited approved the securities issuance on a preferential allotment basis to Indivision India Partners, a Mauritius based Private Equity Fund which is subjected to necessary approvals. The Indivision subscribed to 1.25 crore equity shares of Dish TV at a price of Rs 100/equity share. Simultaneously Indivision subscribed to 96.15 lakh warrants, convertible into 96.15 lakh equity shares at the cost of Rs 130/equity share, within 18 months period from the warrants issuance date. Through this preferential allotment of equity stocks and warrants, the Dish TV raised Rs 250 crore. On 3 April 2008, the Dish TV has announced that it had crossed the 3 million subscriber mark as on 31 March 2008 regarding the gross registered subscribers.
On 20 November 2008, Dish TV announced a significant milestone of crossing the mark of 4.5 million customers thus consolidating its position as a leader is the most innovative and largest DTH company in India. On 26 February 2009, Dish TV announced the implementation of the full benefit of service tax reduction by the government to the subscribers with immediate effect. The service tax was reduced from 12.36% to 10.36%, and the subscribers were charged according to the new rate of service tax. The service tax reduction was applicable on the monthly packages and the ala carte packs. On 15 September 2009, the Dish TV announced a strategic tie-up with Indiatimes.com, the Times Group venture, to provide the customers a host of mobile value-added services on TV. The viewers can now preview the mobile services on TV and download the favorite mobile content onto their mobile handsets.
On 23 November 2009, the Dish TV India declared that it had reached an agreement to issue 117,035,000 new equity shares of Re. 1 each in the form of 117,035 Global Depositary Receipts (GDRs), at a price of US$ 854.5 per GDR (with each GDR representing 1,000 equity shares of Re. 1 each), aggregating US$100 million. After this issue, the Apollo Management, a prominent global alternative asset manager, will own 11% of the expanded capital of Dish TV. The deal had been priced according to the pricing norms in respect of GDRs at a price of Rs. 39.80/equity Dish Tv share price of Re. 1 each.
On 19 March 2010, PVR Ltd, the prominent entertainment company in India and Dish TV announced a tie-up to promote the 20-20 matches to be telecasted live on the PVR screens. On 6 April 2010, the Dish TV announced that it had crossed the 7 million subscriber mark. On 27 May 2010, the Dish TV declared the High Definition (HD) Service launch - Dish Tru HD on its platform. On 27 August 2010, the Dish TV proclaimed that it had crossed the critical mark of 8 million subscribers. On 16 November 2010, the Dish TV announced that it had passed the target of 9 million subscribers to become the largest direct-to-home (DTH) company of Asia. On 30 November 2010, the Dish TV declared the 5 lakh new subscribers on its platform during November in 2010. With this significant achievement, Dish TV has become the first DTH service of India to add 5 lakh new subscribers in 30 days period.
On 24 February 2011, the Dish TV declared that it had crossed the 10 million subscriber mark to become the first DTH company of Asia. On 23 March 2011, the Dish TV announced an alliance with J&K Bank enabling it to offer recharge preference to the state subscribers.
On 20 November 2014, the Dish TV announced that it has signed up a strategic alliance agreement with the Jet Privilege Private Limited (JPPL) as a Lifestyle Partner for the JetPrivilege Loyalty and Rewards Programme. Under this alliance, any JPPL member can get rewarded with JPMiles in case he or she buys a new connection or take a recharge. All the JetPrivilege members get rewarded with JPMiles as per the terms whenever they subscribe to a new Dish TV connection. On 8 December 2014, the Dish TV announced that it has collaborated with the Concentrix Corporation, a global leader in the high-value business services to enhance its business services further for the premium customers.
On 22 December 2015, the Dish TV declared the rollout of an aggressive plan in an attempt to capture a chunk of analog cable users in Phase III areas of Digital Addressable System (DAS). The Dish Tv announced the launch of its new campaign Dish99, an exciting new package which offers the power of customization to create their pack to the customers who were moving to the digital platform.
On 3 March 2016, Dish TV announced the availability of its entire range of products and services on the largest online store of India, Amazon.in. It will provide the ease of buying the products and services online to its customers. On 7 March 2016, Dish TV announced its partnership with Visiware International, the world leader in interactive games for television.
On 26 April 2017, the Dish TV India Limited declared that it had become the only media & entertainment company in the world which has been appraised at Level 4 (CMMI-DEV and CMMI-SVC V1.3) of the CMMI institutes Capability Maturity Model Integration (CMMI). It made Dish TV as the newest member of the elite club; the SEI website listed only 15 companies in India, in last three years together who have been certified for Level 4 or 5.
On 15 December 2017, the Dish TV India had declared about the receipt of the final approval needed in India for the closing of the merger of Videocon d2h with Dish TV. The MIB had approved the requests made by the company for the completion of the transaction process. Following the amalgamation, the combined entity was renamed as Dish TV Videocon Limited. On 22 March 2018, the Dish TV India Limited announced the completion of the merger of Videocon D2h Ltd with Dish TV India Limited.
The merger paved the way for the creation of the largest media company in India which was taken into consideration for the last reported full-year revenue and EBITDA numbers of the two DTH players on a pro-forma basis. The Dish TV and Videocon D2h reported separate income and EBITDA numbers which at a pro-forma level increased to Rs 6086.2 crore and Rs 1990.9 crore for the Financial Year 2017.
On 18 April 2018, the Dish TV India Limited announced that it is planning to add around 30 favorite Tamil channels on the DishTV platform to provide unparalleled entertainment to the Tamil Nadu customers. The offering which was available only on new customer acquisitions includes both the channels of standard definition (SD) and high-definition. This step ensures a much wider choice of entertainment to the customers by providing their favorite content in their language of choice. On 25 April 2018, the Dish TV India Limited announced the launch of a new Tamil Movie Service - Thirai Ulagam on its Videocon d2h platform. Thirai Ulagam would be available for Videocon d2h subscribers on Channel No. 601 at a subscription fee of Rs.10 (+ 18% GST).
Is investing in Dish Tv a good Idea?
For the long-term investment, Dish Tv can be an excellent choice to pick. However, for a shorter duration, it is not a good idea as the Dish Tv share price has been slumped from January till now. Where ever you invest, please do proper research about the shares and mutual funds of a particular company.