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 ₹ 3,255 Cr.
- Current Price ₹ 183
- High / Low ₹ 281 / 182
- Stock P/E 9.25
- Book Value ₹ 136
- Dividend Yield 3.83 %
- ROCE 18.3 %
- 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 49.9%
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,010 | 2,049 | 2,258 | 2,311 | 2,463 | 2,224 | 1,508 | 1,769 | 2,129 | 2,402 | 2,339 | 2,356 | 2,400 | |
| 1,446 | 1,512 | 1,614 | 1,746 | 1,957 | 1,740 | 1,201 | 1,463 | 1,806 | 1,779 | 1,793 | 1,866 | 1,886 | |
| Operating Profit | 564 | 538 | 644 | 565 | 506 | 484 | 307 | 305 | 324 | 623 | 546 | 490 | 514 |
| OPM % | 28% | 26% | 29% | 24% | 21% | 22% | 20% | 17% | 15% | 26% | 23% | 21% | 21% |
| 24 | 21 | 15 | 23 | 15 | 10 | 25 | 17 | 38 | 81 | 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 | 492 | 460 | 565 | 488 | 414 | 348 | 193 | 195 | 228 | 565 | 499 | 448 | 474 |
| Tax % | 36% | 36% | 34% | 34% | 34% | 21% | 27% | 27% | 26% | 25% | 26% | 26% | |
| 316 | 292 | 375 | 324 | 274 | 275 | 141 | 143 | 169 | 426 | 371 | 332 | 352 | |
| EPS in Rs | 17.23 | 15.90 | 20.38 | 17.60 | 15.66 | 15.72 | 8.08 | 8.05 | 9.50 | 23.89 | 20.82 | 18.63 | 19.74 |
| Dividend Payout % | 45% | 69% | 40% | 1% | 64% | 64% | 37% | 62% | 63% | 54% | 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: | 14% |
| 3 Years: | -9% |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 14% |
| 3 Years: | 17% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 1,105 | 1,214 | 1,410 | 1,745 | 1,652 | 1,503 | 1,648 | 1,705 | 1,770 | 2,043 | 2,046 | 2,251 |
| 124 | 137 | 81 | 45 | 51 | 345 | 248 | 199 | 213 | 253 | 283 | 262 | |
| 493 | 417 | 409 | 481 | 516 | 463 | 405 | 456 | 418 | 518 | 547 | 506 | |
| Total Liabilities | 1,905 | 1,951 | 2,084 | 2,455 | 2,394 | 2,486 | 2,476 | 2,537 | 2,579 | 2,993 | 3,055 | 3,197 |
| 816 | 867 | 910 | 1,002 | 986 | 1,221 | 1,202 | 1,154 | 1,073 | 1,059 | 997 | 1,097 | |
| CWIP | 4 | 46 | 21 | 21 | 1 | 1 | 0 | 0 | 1 | 2 | 10 | 10 |
| Investments | 69 | 71 | 27 | 36 | 37 | 18 | 14 | 14 | 66 | 67 | 69 | 67 |
| 1,016 | 968 | 1,126 | 1,397 | 1,370 | 1,245 | 1,259 | 1,369 | 1,439 | 1,864 | 1,980 | 2,023 | |
| Total Assets | 1,905 | 1,951 | 2,084 | 2,455 | 2,394 | 2,486 | 2,476 | 2,537 | 2,579 | 2,993 | 3,055 | 3,197 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 425 | 341 | 360 | 364 | 235 | 363 | 374 | 371 | 244 | 579 | 414 | 365 | |
| -153 | -183 | -32 | -198 | -21 | -154 | -137 | -224 | -144 | -380 | -11 | -173 | |
| -205 | -245 | -244 | -42 | -381 | -307 | -151 | -155 | -132 | -194 | -366 | -208 | |
| Net Cash Flow | 67 | -87 | 84 | 124 | -166 | -98 | 86 | -7 | -32 | 5 | 37 | -16 |
| Free Cash Flow | 354 | 142 | 307 | 185 | 171 | 322 | 310 | 340 | 219 | 537 | 366 | 194 |
| CFO/OP | 105% | 96% | 86% | 92% | 76% | 96% | 142% | 144% | 98% | 117% | 101% | 101% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 77 | 71 | 72 |
| Inventory Days | 79 | 99 | 110 | 80 | 99 | 120 | 202 | 142 | 92 | 93 | 144 | 121 |
| Days Payable | 68 | 70 | 116 | 129 | 117 | 132 | 158 | 158 | 92 | 117 | 138 | 103 |
| Cash Conversion Cycle | 73 | 96 | 62 | 38 | 76 | 92 | 164 | 83 | 80 | 53 | 77 | 90 |
| Working Capital Days | 15 | 20 | 58 | 68 | 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 | Jan 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Number of My FM Radio Stations (Cities) cities |
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| Average Daily Circulation Copies lakhs |
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| Average Newsprint Price INR per metric tonne |
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| Digital App Monthly Active Users (MAU) millions |
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| Newsprint Domestic-Imported Mix % Indian / % Imported ・Standalone data |
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| Government + Political Ad Share of Advertising Revenue % of advertising revenue ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Intimation Of Environmental, Social And Governance ('ESG') Rating
- CRISIL assigned D.B. Corp an ESG rating of Crisil ESG 62 on September 15, 2026.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Shareholder Meeting / Postal Ballot-Outcome of AGM
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement- Notice to the equity shareholders about proposed transfer of unclaimed dividend and underlying equity shares of the Company to the IEPF Authority.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement of Notice for shareholders regarding 30th Annual General Meeting, e- voting facility information and Annual Report for FY 2025-26 of D.B. Corp Limited
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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Oct 2016Transcript
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Jul 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.