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Swing Capital

D B Corp Ltd

NSE: DBCORP BSE: 533151Media

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]

₹209
52W: ₹185 — ₹292
PE 11.2 · Book ₹136 · +54% vs book
Market Cap₹3,729 Cr
Stock P/E11.2Price to Earnings
ROCE18.2%Return on Capital
ROE14.2%Return on Equity
Div. Yield5.77%Face Value ₹10

Strengths

  • +Company has delivered good profit growth of 19.9% CAGR over last 5 years
  • +Company has been maintaining a healthy dividend payout of 50.0%

Weaknesses

  • −The company has delivered a poor sales growth of 9.33% over past five years.

Shareholding Pattern

Promoters74.5%
FIIs12.05%
DIIs4.18%
Public9.28%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters72.36%72.36%72.34%▼0.072.95%▲0.673.48%▲0.573.78%▲0.374.25%▲0.574.5%▲0.3
FIIs13.44%13.86%▲0.414.07%▲0.213.06%▼1.012.77%▼0.312.62%▼0.212.24%▼0.412.05%▼0.2
DIIs4.68%4.85%▲0.24.8%▼0.04.07%▼0.74.16%▲0.14.18%▲0.04.2%▲0.04.18%▼0.0
Public9.53%8.92%▼0.68.78%▼0.19.89%▲1.19.57%▼0.39.42%▼0.29.29%▼0.19.28%▼0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales643617590559642548559614605576
Expenses461445425438465465449476470472
Operating Profit18217216412117783111138135104
OPM %28%28%28%22%28%15%20%22%22%18%
Net Profit123123118831185281939562
EPS ₹6.96.886.614.636.622.944.535.235.353.49

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,355Cr, up 0.7% YoY. OPM at 21%.

Debt Position

Borrowings at ₹262Cr. Debt-to-equity ratio: 0.12x. Healthy balance sheet.

Capex Cycle

CWIP at ₹3Cr (0% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 4.18% (-0.03pp change). FIIs: 12.05% (-0.46pp change). Promoters hold 74.5%.

Margin & Efficiency

ROCE declining from 37% (Mar 2015) to 18% (Mar 2026). Working capital days: 62.

Valuation

PE 11.2x with 18.2% ROCE. Price is 54% above book value of ₹136. Dividend yield: 5.77%.

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