D B Corp Ltd

AI

D B Corp Ltd

₹ 176 0.03%
13 Oct - close price
About

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]

Key Points

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.

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
554 586 643 617 590 559 642 548 559 614 605 576 604
438 434 461 445 425 438 465 465 449 476 470 472 467
Operating Profit 116 152 182 172 164 121 177 83 111 138 135 104 136
OPM % 21% 26% 28% 28% 28% 22% 28% 15% 20% 22% 22% 18% 23%
19 16 20 25 26 24 13 19 28 20 24 13 28
Interest 5 6 7 6 6 7 6 7 7 7 6 7 6
Depreciation 27 29 29 29 28 27 24 24 24 25 25 26 24
Profit before tax 104 133 166 162 157 110 160 71 108 126 129 85 134
Tax % 24% 25% 26% 24% 25% 25% 26% 26% 25% 26% 26% 27% 25%
79 100 123 123 118 83 118 52 81 93 95 62 101
EPS in Rs 4.42 5.63 6.90 6.88 6.61 4.63 6.62 2.94 4.53 5.23 5.35 3.49 5.65
Raw PDF
Upcoming result date: 15 October 2026

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
Newsprint Domestic-Imported Mix
% Indian / % Imported
Average Daily Circulation Copies
lakhs
Digital App Monthly Active Users (MAU)
millions
Government + Political Ad Share of Advertising Revenue
% of advertising revenue

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
71.96% 71.93% 71.93% 72.36% 72.36% 72.34% 72.95% 73.48% 73.78% 74.25% 74.50% 74.50%
13.02% 13.35% 13.34% 13.44% 13.86% 14.07% 13.06% 12.77% 12.62% 12.24% 12.05% 11.85%
4.35% 4.63% 4.74% 4.68% 4.85% 4.80% 4.07% 4.16% 4.18% 4.20% 4.18% 4.24%
10.66% 10.09% 9.99% 9.53% 8.92% 8.78% 9.89% 9.57% 9.42% 9.29% 9.28% 9.41%
No. of Shareholders 41,11444,06239,14036,76938,94639,34643,13643,25942,29541,42440,87941,178

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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