I dont agree with you on the dying industry part. Post COVID TV has come back big time. People like us watch Netflix and other OTT content but the DTH business is very strong in Rural, Semi Urban part of India. Look at Airtel they are still investing in the DTH business. If the industry was dying they would not look at it.
They charge some 150-200 Rupees per month. DTH is the cheapest source of all plus Hotstar, Netflix and other OTT apps are not making any serious money in India.
I think they should get back to 2000 crores EBITDA in few years plus a 6-8% growth in topline every year.
You will be amazed if you go to the rural part of India and count the number of Dish TV dish on the roof of every building.
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