DB (International) Stock Brokers Ltd

₹ 23.3 -1.69%
27 Jan - close price
dagabusiness.com BSE: 530393 NSE : DBSTOCKBRO
About

DB (International) Stock Brokers Ltd was incorporated in 1992 under the name of Vinayak Industries Ltd. The Company is engaged in a single line of business i.e. stock broking and provides depository participant services of CDSL. [1]
The Company has one wholly owned subsidiary Company in the name of Daga Business (International) Stock Brokers (IFSC) Private Limited. [2]

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Website BSE NSE
  • Market Cap ₹ 81.6 Cr.
  • Current Price ₹ 23.3
  • High / Low ₹ 41.4 / 17.7
  • Stock P/E 10.0
  • Book Value ₹ 15.2
  • Dividend Yield 0.00 %
  • ROCE 23.8 %
  • ROE 17.6 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 85.7% CAGR over last 5 years
  • Debtor days have improved from 55.5 to 21.9 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 30.0%
  • Company has a low return on equity of 8.19% over last 3 years.
  • Contingent liabilities of Rs.46.3 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: Stock/ Commodity Brokers Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
2.64 2.14 3.01 2.28 4.11 4.56 6.55 7.23 5.79 6.33 8.03 6.24 6.70
1.60 1.46 1.46 1.49 2.13 2.46 6.11 4.37 3.36 3.59 4.72 3.46 3.92
Operating Profit 1.04 0.68 1.55 0.79 1.98 2.10 0.44 2.86 2.43 2.74 3.31 2.78 2.78
OPM % 39.39% 31.78% 51.50% 34.65% 48.18% 46.05% 6.72% 39.56% 41.97% 43.29% 41.22% 44.55% 41.49%
0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.03 0.00 0.10 0.06 0.06
Interest 0.12 0.12 0.09 0.07 0.07 0.07 0.07 0.13 0.12 0.17 0.16 0.15 0.14
Depreciation 0.08 0.08 0.08 0.08 0.08 0.09 -0.05 0.19 0.21 0.14 0.18 0.15 0.17
Profit before tax 0.84 0.48 1.38 0.64 1.83 1.94 0.43 2.55 2.13 2.43 3.07 2.54 2.53
Tax % 25.00% 31.25% 46.38% 25.00% 25.14% 230.41% -123.26% 26.27% 22.54% 27.57% 13.03% 25.98% 26.88%
Net Profit 0.63 0.33 0.75 0.48 1.36 -2.52 0.96 1.88 1.65 1.75 2.67 1.87 1.85
EPS in Rs 0.18 0.09 0.21 0.14 0.39 -0.72 0.27 0.54 0.47 0.50 0.76 0.53 0.53
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
11.13 12.05 14.08 11.91 8.56 5.99 4.70 5.87 1.97 9.76 17.50 27.37 27.30
7.84 8.12 4.86 5.02 4.72 4.50 4.07 4.79 4.71 5.73 12.20 16.04 15.69
Operating Profit 3.29 3.93 9.22 6.89 3.84 1.49 0.63 1.08 -2.74 4.03 5.30 11.33 11.61
OPM % 29.56% 32.61% 65.48% 57.85% 44.86% 24.87% 13.40% 18.40% -139.09% 41.29% 30.29% 41.40% 42.53%
0.03 0.02 0.03 0.04 0.00 0.00 0.00 0.01 -0.56 0.00 0.01 0.14 0.22
Interest 0.32 0.48 0.65 0.84 0.95 0.25 0.07 0.12 0.18 0.44 0.27 0.58 0.62
Depreciation 0.53 0.61 0.48 0.31 0.26 0.15 0.11 0.10 0.28 0.31 0.20 0.72 0.64
Profit before tax 2.47 2.86 8.12 5.78 2.63 1.09 0.45 0.87 -3.76 3.28 4.84 10.17 10.57
Tax % 32.79% 16.08% 17.98% 19.20% 29.66% 34.86% 22.22% 32.18% 31.38% 36.28% 94.01% 21.83%
Net Profit 1.66 2.40 6.66 4.66 1.85 0.70 0.36 0.60 -2.57 2.09 0.29 7.95 8.14
EPS in Rs 0.47 0.69 1.90 1.33 0.53 0.20 0.10 0.17 -0.73 0.60 0.08 2.27 2.32
Dividend Payout % 42.17% 43.75% 15.77% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 9%
5 Years: 42%
3 Years: 140%
TTM: 13%
Compounded Profit Growth
10 Years: 13%
5 Years: 86%
3 Years: 81%
TTM: 313%
Stock Price CAGR
10 Years: -13%
5 Years: 18%
3 Years: 31%
1 Year: -17%
Return on Equity
10 Years: 6%
5 Years: 4%
3 Years: 8%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00
Reserves 18.67 19.84 25.28 31.17 32.79 33.49 33.76 34.37 31.80 33.92 34.23 42.28 46.03
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.09 0.00 0.00 0.00
6.17 5.78 5.15 14.63 22.85 10.04 2.98 5.84 12.97 16.95 18.66 44.05 70.69
Total Liabilities 31.84 32.62 37.43 52.80 62.64 50.53 43.74 47.21 51.77 57.96 59.89 93.33 123.72
2.03 1.64 1.16 0.85 0.36 0.36 0.30 3.58 0.63 0.39 0.84 1.07 2.93
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.19 0.17 0.72 0.62 0.62 0.62 0.62 1.87 1.84 2.28 2.08 11.34 12.67
29.62 30.81 35.55 51.33 61.66 49.55 42.82 41.76 49.30 55.29 56.97 80.92 108.12
Total Assets 31.84 32.62 37.43 52.80 62.64 50.53 43.74 47.21 51.77 57.96 59.89 93.33 123.72

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1.31 1.80 0.01 0.00 17.62 -0.02 -6.91 3.00 -2.64 9.70 5.87 21.54
0.12 1.46 0.00 0.00 0.00 0.00 7.52 -4.77 -2.13 -1.81 -11.40 -14.02
-0.67 -0.69 0.00 0.00 0.00 0.00 0.00 0.00 -0.02 0.08 -0.12 -0.13
Net Cash Flow 0.76 2.57 0.01 0.00 17.62 -0.02 0.61 -1.77 -4.79 7.97 -5.66 7.39

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 29.51 7.27 5.18 7.66 17.91 12.19 24.85 16.79 255.69 114.81 29.83 21.87
Inventory Days
Days Payable
Cash Conversion Cycle 29.51 7.27 5.18 7.66 17.91 12.19 24.85 16.79 255.69 114.81 29.83 21.87
Working Capital Days -108.22 -114.50 -59.88 -164.88 -884.78 -548.41 -128.91 -113.79 -781.88 -457.37 -324.75 -505.96
ROCE % 11.04% 12.72% 29.63% 18.79% 9.18% 3.34% 1.28% 2.39% -7.53% 9.32% 12.43% 23.75%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
30.01 30.01 30.01 30.01 30.01 30.01 30.01 30.01 30.01 30.01 30.01 30.01
69.99 69.99 69.99 69.99 69.99 69.99 69.99 69.99 69.99 69.99 69.97 69.97

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