Analyst Corner: For Dish TV, Trai’s new order likely to be a positive trigger

Dish TV’s core business performance is reasonable with 0.6 mn net subscribers addition (21.6 mn) and Rs 16 billion/5.6 billion EBITDA/FCF in 9MFY19. The management targets to be debt-free (net debt at Rs 23 billion) by FY21, which seems achievable.