D B Realty Ltd

D B Realty Ltd

₹ 268 -0.17%
01 Mar 2:01 p.m.
About

The Company was incorporated in 2007, the co. is engaged primarily in the business of real estate construction, development and other related activities. Most of the projects are based in and around Mumbai and are under various stages of planning and construction. [1] [2]

Key Points

Project Offerings
The company’s portfolio consists of over 100 million sq. ft of prime property. [1] The Group is in Real Estate Development which is focused on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment. [2]

  • Market Cap 13,442 Cr.
  • Current Price 268
  • High / Low 285 / 57.3
  • Stock P/E 11.1
  • Book Value 74.4
  • Dividend Yield 0.00 %
  • ROCE -11.7 %
  • ROE -37.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Debtor days have improved from 505 to 35.8 days.

Cons

  • Stock is trading at 3.60 times its book value
  • Promoter holding has decreased over last quarter: -2.94%
  • Company has a low return on equity of -28.6% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 39.7% of their holding.
  • Earnings include an other income of Rs.1,355 Cr.

* 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

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
11 5 7 9 8 196 7 10 623 58 2 68 143
18 7 37 125 29 155 20 25 1,272 103 12 19 63
Operating Profit -7 -2 -30 -116 -21 40 -13 -15 -649 -44 -9 49 80
OPM % -65% -39% -426% -1,318% -258% 21% -187% -150% -104% -76% -376% 72% 56%
188 42 6 16 7 527 39 599 45 32 6 915 401
Interest 68 117 67 191 22 6 12 9 13 20 22 23 5
Depreciation 0 1 0 0 0 0 0 0 0 0 0 0 14
Profit before tax 112 -77 -91 -291 -36 561 14 575 -617 -32 -25 941 463
Tax % 1% -4% -6% -21% 0% 10% 39% 2% -1% -29% -5% 5% 0%
99 -82 -96 -352 -36 506 8 566 -623 -42 -26 894 463
EPS in Rs 4.09 -3.85 -3.80 -14.49 -1.42 19.54 0.46 16.62 -18.11 -1.47 -0.64 17.63 9.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
591 341 318 263 206 141 120 365 169 25 219 698 272
570 337 277 247 265 224 358 466 405 134 317 1,413 196
Operating Profit 20 4 41 17 -59 -83 -238 -101 -235 -109 -98 -715 76
OPM % 3% 1% 13% 6% -29% -59% -199% -28% -139% -444% -45% -102% 28%
102 21 27 29 140 142 74 -34 97 282 527 709 1,355
Interest 7 18 38 53 86 96 119 160 261 334 286 54 70
Depreciation 8 14 8 14 14 11 6 2 1 1 1 0 14
Profit before tax 108 -7 22 -21 -19 -47 -289 -296 -401 -162 142 -61 1,346
Tax % 15% 89% 27% 112% -19% -57% -4% 17% -10% -3% 85% -49%
92 -2 13 8 -23 -74 -301 -247 -440 -167 22 -90 1,289
EPS in Rs 3.55 0.14 0.47 0.02 -0.76 -2.45 -10.30 -10.90 -17.20 -6.98 1.04 -2.57 24.78
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 42%
3 Years: 60%
TTM: -67%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -25%
TTM: 315%
Stock Price CAGR
10 Years: 18%
5 Years: 67%
3 Years: 105%
1 Year: 308%
Return on Equity
10 Years: -9%
5 Years: -21%
3 Years: -29%
Last Year: -37%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 243 243 243 243 243 243 243 243 243 243 259 352 502
Reserves 3,141 3,156 3,168 3,168 2,595 2,531 2,260 1,996 1,314 1,093 1,261 1,534 3,231
Preference Capital 0 0 0 0 38 0 47 54 63 43 59 81
306 617 658 1,195 1,270 1,549 1,687 2,040 2,128 2,458 3,662 2,898 1,567
1,481 1,252 1,441 1,863 1,888 2,188 2,456 2,702 3,012 3,551 3,580 3,663 5,218
Total Liabilities 5,171 5,269 5,510 6,470 5,996 6,512 6,646 6,983 6,697 7,345 8,761 8,448 10,517
446 449 455 481 243 431 353 348 212 153 75 72 2,324
CWIP 43 31 28 30 30 0 0 0 0 0 0 0 4
Investments 1,005 1,157 1,699 1,707 1,562 1,556 1,730 1,741 1,510 1,399 1,564 1,728 1,102
3,676 3,632 3,327 4,252 4,161 4,525 4,562 4,894 4,976 5,793 7,123 6,648 7,087
Total Assets 5,171 5,269 5,510 6,470 5,996 6,512 6,646 6,983 6,697 7,345 8,761 8,448 10,517

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,002 194 236 -208 -71 555 -40 -195 227 95 -267 96
-875 -501 -226 -231 -394 -588 165 -36 -160 -165 275 -200
-144 305 1 417 472 -94 -102 326 -63 75 86 52
Net Cash Flow -18 -2 11 -22 7 -127 22 95 5 5 94 -52

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 57 209 181 189 102 203 171 90 181 1,109 372 36
Inventory Days 29,946 24,576 1,231
Days Payable 2,285 1,746 44
Cash Conversion Cycle 57 27,869 181 189 102 203 171 90 23,012 1,109 372 1,222
Working Capital Days 891 1,002 761 1,953 3,417 4,404 4,579 1,274 1,898 26,192 4,200 995
ROCE % 1% 0% 2% 1% 2% 1% -2% -0% -3% -0% -1% -12%

Shareholding Pattern

Numbers in percentages

17 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
62.91% 62.91% 62.93% 63.03% 63.03% 65.28% 58.14% 58.14% 58.97% 58.97% 53.82% 50.89%
4.04% 3.95% 3.88% 3.90% 3.34% 3.35% 2.42% 2.59% 2.57% 2.34% 2.17% 2.14%
0.60% 0.60% 0.23% 0.08% 0.16% 0.07% 0.05% 0.05% 0.05% 0.05% 0.04% 0.09%
0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
32.44% 32.54% 32.95% 33.00% 33.48% 31.30% 39.40% 39.22% 38.42% 38.65% 43.96% 46.89%
No. of Shareholders 36,37741,90842,00444,85154,98752,77465,85259,90760,39858,17953,97360,389

* 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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