D B Corp Ltd
D.B. Corp Ltd is engaged in the business of publishing newspapers, radio broadcasting, providing integrated internet and mobile interactive services and event management. Its major brands include Dainik Bhaskar (Hindi daily), Divya Bhaskar and Saurashtra Samachar (Gujarat daily) and Divya Marathi (Marathi daily).[1]
- Market Cap ₹ 3,140 Cr.
- Current Price ₹ 176
- High / Low ₹ 281 / 166
- Stock P/E 8.93
- Book Value ₹ 136
- Dividend Yield 3.97 %
- ROCE 18.2 %
- ROE 14.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 20.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 50.0%
Cons
- The company has delivered a poor sales growth of 9.33% 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.
Peer comparison
Consumer Discretionary Media, Entertainment & Publication Media Print Media
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,009 | 2,048 | 2,257 | 2,311 | 2,463 | 2,224 | 1,508 | 1,769 | 2,128 | 2,400 | 2,338 | 2,355 | 2,399 | |
| 1,444 | 1,507 | 1,611 | 1,746 | 1,957 | 1,740 | 1,201 | 1,463 | 1,805 | 1,779 | 1,792 | 1,866 | 1,885 | |
| Operating Profit | 565 | 541 | 647 | 565 | 506 | 484 | 307 | 306 | 323 | 622 | 546 | 489 | 514 |
| OPM % | 28% | 26% | 29% | 24% | 21% | 22% | 20% | 17% | 15% | 26% | 23% | 21% | 21% |
| 24 | 21 | 15 | 23 | 15 | 10 | 25 | 17 | 38 | 80 | 81 | 84 | 86 | |
| Interest | 8 | 14 | 7 | 7 | 8 | 25 | 24 | 18 | 21 | 24 | 25 | 26 | 26 |
| Depreciation | 88 | 85 | 86 | 92 | 99 | 121 | 115 | 110 | 112 | 114 | 104 | 100 | 100 |
| Profit before tax | 493 | 463 | 568 | 489 | 414 | 348 | 193 | 195 | 227 | 564 | 498 | 447 | 474 |
| Tax % | 36% | 36% | 34% | 34% | 34% | 21% | 27% | 27% | 26% | 25% | 26% | 26% | |
| 317 | 296 | 377 | 324 | 274 | 275 | 141 | 142 | 168 | 424 | 371 | 332 | 352 | |
| EPS in Rs | 17.26 | 16.09 | 20.52 | 17.63 | 15.66 | 15.71 | 8.08 | 8.04 | 9.44 | 23.83 | 20.80 | 18.61 | 19.72 |
| Dividend Payout % | 45% | 68% | 20% | 6% | 64% | 64% | 37% | 62% | 64% | 55% | 58% | 38% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 9% |
| 3 Years: | 3% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 20% |
| 3 Years: | 25% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | 13% |
| 3 Years: | -15% |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 14% |
| 3 Years: | 17% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 184 | 184 | 184 | 184 | 175 | 175 | 175 | 177 | 178 | 178 | 178 | 178 |
| Reserves | 1,103 | 1,216 | 1,415 | 1,750 | 1,657 | 1,508 | 1,653 | 1,710 | 1,774 | 2,046 | 2,049 | 2,252 |
| 124 | 137 | 81 | 45 | 51 | 345 | 248 | 199 | 213 | 253 | 283 | 262 | |
| 492 | 416 | 409 | 481 | 516 | 463 | 405 | 456 | 418 | 518 | 547 | 505 | |
| Total Liabilities | 1,902 | 1,953 | 2,089 | 2,460 | 2,399 | 2,491 | 2,481 | 2,542 | 2,583 | 2,995 | 3,057 | 3,198 |
| 814 | 865 | 908 | 1,000 | 984 | 1,219 | 1,200 | 1,152 | 1,071 | 1,057 | 995 | 1,095 | |
| CWIP | 4 | 46 | 21 | 21 | 1 | 1 | 0 | 0 | 1 | 2 | 10 | 10 |
| Investments | 70 | 73 | 35 | 43 | 44 | 26 | 22 | 22 | 74 | 74 | 76 | 75 |
| 1,015 | 970 | 1,124 | 1,396 | 1,369 | 1,244 | 1,258 | 1,368 | 1,436 | 1,861 | 1,976 | 2,018 | |
| Total Assets | 1,902 | 1,953 | 2,089 | 2,460 | 2,399 | 2,491 | 2,481 | 2,542 | 2,583 | 2,995 | 3,057 | 3,198 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 426 | 341 | 366 | 365 | 236 | 363 | 374 | 371 | 244 | 578 | 414 | 365 | |
| -153 | -183 | -38 | -198 | -21 | -154 | -137 | -224 | -144 | -380 | -12 | -172 | |
| -205 | -245 | -244 | -42 | -381 | -307 | -151 | -155 | -132 | -194 | -366 | -208 | |
| Net Cash Flow | 68 | -87 | 84 | 124 | -166 | -98 | 86 | -8 | -32 | 4 | 36 | -15 |
| Free Cash Flow | 354 | 142 | 313 | 185 | 172 | 322 | 310 | 340 | 219 | 536 | 366 | 194 |
| CFO/OP | 105% | 95% | 87% | 92% | 76% | 96% | 142% | 143% | 98% | 117% | 101% | 101% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 67 | 68 | 87 | 94 | 104 | 120 | 99 | 80 | 78 | 71 | 72 |
| Inventory Days | 79 | 99 | 110 | 80 | 99 | 120 | 202 | 142 | 92 | 93 | 144 | 121 |
| Days Payable | 68 | 69 | 116 | 129 | 117 | 132 | 158 | 158 | 92 | 117 | 138 | 103 |
| Cash Conversion Cycle | 73 | 97 | 62 | 38 | 76 | 92 | 164 | 83 | 80 | 53 | 77 | 90 |
| Working Capital Days | 15 | 38 | 58 | 69 | 85 | 67 | 99 | 76 | 65 | 46 | 54 | 53 |
| ROCE % | 37% | 32% | 36% | 27% | 22% | 19% | 10% | 10% | 12% | 25% | 21% | 18% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of My FM Radio Stations (Cities) cities |
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| Average Newsprint Price INR per metric tonne |
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| Newsprint Domestic-Imported Mix % Indian / % Imported |
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| Average Daily Circulation Copies lakhs |
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| Digital App Monthly Active Users (MAU) millions |
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| Government + Political Ad Share of Advertising Revenue % of advertising revenue |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- D.B. Corp will host Q2FY2027 investor call on October 16, 2026 after September quarter results.
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Board Meeting Intimation for Board Meeting Scheduled To Be Held On Thursday, October 15, 2026
- Board meeting on October 15, 2026 to approve Q2 and half-year unaudited financial results; trading window closed from October 1.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018
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Closure of Trading Window
- Trading window closed from October 1, 2026 until 48 hours after Q2 FY2027 results.
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Announcement under Regulation 30 (LODR)-Credit Rating
- CARE reaffirmed DB Corp’s bank facility ratings at AA+/Stable and A1+ on September 25, 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Jul 2026Transcript REC
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May 2026Transcript
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Jan 2026Transcript REC
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Oct 2025Transcript
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Jul 2025Transcript REC
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Jan 2025Transcript PPT
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Jan 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Oct 2022Transcript PPT
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Oct 2021Transcript
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Oct 2019Transcript
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Nov 2017Transcript
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May 2017Transcript
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Jan 2017Transcript
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Oct 2016Transcript
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Jul 2016Transcript
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May 2016Transcript
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Oct 2015Transcript
Business Segments:
a) Print Division:[1]
As India’s largest print media company,
DBCL publishes 5 newspapers, namely,
Dainik Bhaskar (~43 editions), Divya Bhaskar (~8 editions), Divya Marathi (~6 editions), and Saurashtra Samachar and DB Star in 3 different languages, i.e., Hindi, Gujarati, and Marathi. Under this division, the company also publishes monthly magazines such as ‘Aha Zindagi’, ‘Bal Bhaskar’, Young Bhaskar, Navrang, Rasrang, Kalash, Madhurima, Lakshya and Dharmdarshan.[2]
b) Radio Division:[1]
In the FM radio segment, the brand has a presence in ‘94.3 MY FM’, which is available
in 7 states and 30 cities, creating a valuable package for advertisers in tier II and III cities. The company launched 7 new stations in FY26.[3]
c) Digital Business:[1]
DB Corp has an online presence with
4 internet portals and 4 mobile applications.
It holds ~67% of the Indian language media space. DBCL is the No.1 digital player in Hindi and Gujarati languages as well. DBCL has launched “Dainik Bhaskar” App – a new app
that is set to provide news in the Hindi-speaking markets. It also launched a new version of the Divya Bhaskar App to strengthen its leadership position in Gujarat. [4]
App Users:- News-app monthly active users grew from ~1.6 million in 2020 to 16.8 million in March 2026 and ~19-20 million by May/June 2026.