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D.B. Corp

₹267.4 9 | 3.5%

Market Cap ₹4762 Cr.

Stock P/E 13.8

P/B 2.2

Current Price ₹267.4

Book Value ₹ 120.1

Face Value 10

52W High ₹373.5

Dividend Yield 2.24%

52W Low ₹ 114.8

D.B. Corp Research see more...

Overview Inc. Year: 1995Industry: Printing And Publishing

D.B. Corp Ltd is an India-based print media enterprise, which is engaged inside the sale of newspapers and magazines, and advertisement revenue. The Company additionally has a presence in the radio and digital sectors. It's segments include Radio, Digital and Print Segment. Its Print Segment consists of newspaper, magazines and printing job work. Its Magazines & Supplements include Young Bhaskar, Madhurima, Navrang, Aha! Zindagi, Bal Bhaskar, Kalash, Dharmdarshan, Rasik and Lakshya. The Radio section includes the broadcasting of radio 94.3 FM. Its brands in publishing enterprise include Divya Bhaskar and Saurashtra Samachar (Gujarati dailies), Dainik Bhaskar (Hindi daily), Divya Marathi (Marathi every day) and DB Star. Digital Segment includes the Websites divyabhaskar.com, divyamarathi.com, dainikbhaskar.com, homeonline.com and moneybhaskar.com.

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D.B. Corp Share Price

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D.B. Corp Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 447 546 472 494 538 566 531 554 586 645
Other Income 4 4 8 5 10 10 14 19 16 20
Total Income 451 549 480 499 549 576 545 574 602 665
Total Expenditure 346 404 414 426 451 475 456 438 434 462
Operating Profit 105 146 66 74 98 101 89 136 168 203
Interest 5 2 6 5 5 6 6 5 6 7
Depreciation 28 28 27 27 28 28 30 27 29 29
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 73 116 33 42 65 67 54 104 133 167
Provision for Tax 19 30 9 11 16 19 13 25 33 43
Profit After Tax 54 87 25 31 49 48 41 79 100 124
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 54 87 25 31 49 48 41 79 100 124
Adjusted Earnings Per Share 3.1 4.9 1.4 1.8 2.8 2.7 2.3 4.4 5.6 7

D.B. Corp Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1592 1860 2010 2052 2258 2311 2463 2224 1508 1769 2129 2316
Other Income 21 24 26 24 21 24 25 35 17 20 42 69
Total Income 1614 1884 2035 2076 2279 2335 2488 2259 1524 1789 2171 2386
Total Expenditure 1214 1359 1447 1517 1619 1748 1967 1765 1205 1466 1810 1790
Operating Profit 400 524 588 559 659 588 521 494 319 323 361 596
Interest 10 8 8 14 7 7 9 25 24 18 21 24
Depreciation 58 64 88 85 86 92 99 121 115 110 112 115
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 13 0 0 0
Profit Before Tax 331 452 492 460 565 488 414 348 193 195 228 458
Provision for Tax 113 146 176 168 191 164 140 73 52 52 59 114
Profit After Tax 218 307 316 292 375 324 274 275 141 143 169 344
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 218 307 316 292 375 324 274 275 141 143 169 344
Adjusted Earnings Per Share 11.9 16.7 17.2 15.9 20.4 17.6 15.7 15.7 8.1 8.1 9.5 19.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% -1% -2% 3%
Operating Profit CAGR 12% -10% -9% -1%
PAT CAGR 18% -15% -12% -3%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 126% 47% 7% -1%
ROE Average 9% 8% 11% 18%
ROCE Average 13% 12% 16% 25%

D.B. Corp Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 1029 1147 1288 1398 1594 1929 1827 1678 1823 1882 1948
Minority's Interest 1 0 0 0 0 0 0 0 0 0 0
Borrowings 88 73 51 25 0 0 0 0 0 0 0
Other Non-Current Liabilities 115 123 121 126 1291 1288 462 489 559 617 532
Total Current Liabilities 400 427 445 403 356 552 1566 1876 1713 1717 861
Total Liabilities 1633 1770 1905 1951 3242 3769 3855 4043 4094 4217 3341
Fixed Assets 831 850 816 867 862 942 906 1136 1108 1054 981
Other Non-Current Assets 173 260 381 367 1491 1519 678 491 552 561 920
Total Current Assets 622 654 705 717 889 1308 2271 2416 2435 2602 1441
Total Assets 1633 1770 1905 1951 3242 3769 3855 4043 4094 4217 3341

D.B. Corp Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 136 119 109 177 90 174 298 132 34 120 113
Cash Flow from Operating Activities 241 259 425 341 360 364 235 363 374 371 244
Cash Flow from Investing Activities -76 -103 -153 -183 -32 -198 -21 -154 -137 -224 -144
Cash Flow from Financing Activities -182 -165 -205 -245 -244 -42 -381 -307 -151 -155 -132
Net Cash Inflow / Outflow -17 -9 67 -87 84 124 -166 -98 86 -7 -32
Closing Cash & Cash Equivalent 119 109 177 90 174 298 132 34 120 113 81

D.B. Corp Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 11.9 16.71 17.23 15.9 20.38 17.6 15.66 15.72 8.08 8.05 9.5
CEPS(Rs) 15.06 20.21 22.02 20.54 25.07 22.62 21.29 22.62 14.65 14.26 15.79
DPS(Rs) 5.5 7.25 7.75 7.75 4 1 10 10 3 5 6
Book NAV/Share(Rs) 55.5 61.98 69.79 75.68 86.19 104.34 104 95.56 103.51 105.92 109.27
Core EBITDA Margin(%) 23.77 26.9 27.98 26.07 28.28 24.38 20.14 20.64 20.07 17.1 14.99
EBIT Margin(%) 21.46 24.73 24.87 23.09 25.37 21.42 17.15 16.78 14.43 12.03 11.7
Pre Tax Margin(%) 20.81 24.32 24.5 22.41 25.04 21.13 16.8 15.66 12.82 11.01 10.7
PAT Margin (%) 13.7 16.49 15.74 14.23 16.6 14.02 11.12 12.36 9.38 8.06 7.94
Cash Profit Margin (%) 17.34 19.94 20.13 18.39 20.42 18.01 15.12 17.79 17 14.28 13.2
ROA(%) 12.26 18.03 17.22 15.15 14.43 9.24 7.18 6.96 3.48 3.43 4.47
ROE(%) 22.58 28.46 26.16 21.86 25.19 18.49 14.65 15.75 8.12 7.73 8.85
ROCE(%) 29.57 37.16 37 32.19 35.69 27.14 21.93 20.04 11.68 11.25 12.82
Receivable days 63.81 62.44 61.11 64.24 64.28 76.7 88.21 104.02 136.48 100.7 80.98
Inventory Days 28.48 29.75 28.46 27.37 29.6 28.32 30.35 41.23 58.87 46.29 36.81
Payable days 68.33 59.9 65.6 70.63 90.41 117 109.62 136.31 198.91 139.43 97.26
PER(x) 19.03 18.41 21.48 19.43 18.62 17.32 11.97 5.05 11.14 10.56 10.27
Price/Book(x) 4.08 4.96 5.3 4.08 4.4 2.92 1.8 0.83 0.87 0.8 0.89
Dividend Yield(%) 2.43 2.36 2.09 2.51 1.05 0.33 5.33 12.61 3.33 5.88 6.15
EV/Net Sales(x) 2.63 3.06 3.35 2.79 3.05 2.31 1.3 0.64 0.88 0.57 0.76
EV/Core EBITDA(x) 10.46 10.84 11.47 10.24 10.44 9.08 6.14 2.88 4.13 3.13 4.49
Net Sales Growth(%) 9.7 16.8 8.06 2.1 10.05 2.35 6.56 -9.7 -32.2 17.3 20.39
EBIT Growth(%) 9.41 34.57 8.68 -5.23 20.94 -13.57 -14.73 -11.6 -41.72 -2.17 17.05
PAT Growth(%) 7.83 40.58 3.17 -7.67 28.31 -13.55 -15.47 0.41 -48.57 0.81 18.61
EPS Growth(%) 7.89 40.49 3.07 -7.72 28.2 -13.61 -11.07 0.39 -48.57 -0.39 18
Debt/Equity(x) 0.16 0.13 0.1 0.1 0.05 0.02 0.03 0.1 0.03 0.01 0.02
Current Ratio(x) 1.56 1.53 1.58 1.78 2.49 2.37 1.45 1.29 1.42 1.51 1.67
Quick Ratio(x) 1.23 1.13 1.27 1.37 1.94 2.08 1.29 1.15 1.29 1.39 1.42
Interest Cover(x) 32.7 61.04 66.14 34.28 76.92 73.92 49.65 14.87 8.95 11.7 11.71
Total Debt/Mcap(x) 0.04 0.03 0.02 0.02 0.01 0.01 0.02 0.12 0.04 0.01 0.02

D.B. Corp Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 71.08 71 70.97 72.32 71.99 71.98 71.97 71.95 71.94 71.93
FII 12.42 12.84 12.48 12.97 12.65 12.48 12.52 13.02 13.34 13.34
DII 4.15 4.28 4.11 4.08 4.2 4.13 4.2 4.36 4.63 4.74
Public 12.35 11.88 12.44 10.62 11.16 11.4 11.31 10.67 10.09 9.99
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 139.43 to 97.26days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
  • The company has delivered a poor profit growth of -12% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

D.B. Corp News

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