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Last Updated on: 18 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 533151 | NSE: DBCORP

D B Corp Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 3:28 pm

Market Cap 5,228 Cr.
Current Price 293
High / Low405/236
Stock P/E11.7
Book Value 120
Dividend Yield4.43 %
ROCE25.1 %
ROE20.2 %
Face Value 10.0
PEG Ratio1.34

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for D B Corp Ltd

Competitors of D B Corp Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
H T Media Ltd 530 Cr. 22.836.9/21.6 72.20.00 %0.32 %1.91 % 2.00
Gala Global Products Ltd 18.7 Cr. 3.434.63/2.8021.3 8.050.00 %1.23 %0.33 % 5.00
DB Corp Ltd 5,342 Cr. 300405/23612.0 1204.35 %25.1 %20.2 % 10.0
Vasa Retail and Overseas Ltd (VASA) 3.75 Cr. 6.258.55/4.10 29.70.00 %5.30 %% 10.0
Sandesh Ltd 1,208 Cr. 1,5952,058/9695.55 1,7790.30 %20.9 %16.3 % 10.0
Industry Average1,718.64 Cr425.6948.00216.861.05%10.97%9.60%6.44

All Competitor Stocks of D B Corp Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales457304447546472494538566531554586645617
Expenses355303346404414427451474456438434462445
Operating Profit10111011425868889275116152183172
OPM %22%0%23%26%12%14%16%16%14%21%26%28%28%
Other Income17444861091419162025
Interest5652655665676
Depreciation28282828272728283027292929
Profit before tax85-28731163342656754104133167162
Tax %27%21%26%26%27%26%25%28%23%24%25%26%24%
Net Profit62-225487253149484179100124123
EPS in Rs3.54-1.273.074.891.381.752.752.712.314.425.636.966.88

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales1,5921,8602,0102,0492,2582,3112,4632,2241,5081,7692,1292,402
Expenses1,2121,3581,4461,5121,6141,7461,9571,7401,2011,4631,8061,779
Operating Profit380502564538644565506484307305324623
OPM %24%27%28%26%29%24%21%22%20%17%15%26%
Other Income202324211523151025173880
Interest1088147782524182124
Depreciation58648885869299121115110112114
Profit before tax331452492460565488414348193195228565
Tax %34%32%36%36%34%34%34%21%27%27%26%25%
Net Profit218307316292375324274275141143169426
EPS in Rs11.9016.7117.2315.9020.3817.6015.6615.728.088.059.5023.89
Dividend Payout %46%43%45%69%40%1%64%64%37%62%63%46%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)40.83%2.93%-7.59%28.42%-13.60%-15.43%0.36%-48.73%1.42%18.18%152.07%
Change in YoY Net Profit Growth (%)0.00%-37.89%-10.53%36.02%-42.02%-1.83%15.80%-49.09%50.15%16.76%133.89%

D B Corp Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:-1%
3 Years:17%
TTM:8%
Compounded Profit Growth
10 Years:3%
5 Years:9%
3 Years:46%
TTM:67%
Stock Price CAGR
10 Years:-2%
5 Years:16%
3 Years:44%
1 Year:0%
Return on Equity
10 Years:16%
5 Years:12%
3 Years:13%
Last Year:20%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:28 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital183183184184184184175175175177178178178
Reserves8469631,1051,2141,4101,7451,6521,5031,6481,7051,7702,0431,967
Borrowings163154124137814551345248199213253269
Other Liabilities441468493417409481516463405456418518578
Total Liabilities1,6331,7701,9051,9512,0842,4552,3942,4862,4762,5372,5792,9932,992
Fixed Assets8318508168679101,0029861,2211,2021,1541,0731,0591,022
CWIP7244621211100126
Investments81726971273637181414666778
Other Assets7148451,0169681,1261,3971,3701,2451,2591,3691,4391,8641,886
Total Assets1,6331,7701,9051,9512,0842,4552,3942,4862,4762,5372,5792,9932,992

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +241259425341360364235363374371243579
Cash from Investing Activity +-76-104-153-183-32-198-21-154-137-224-143-380
Cash from Financing Activity +-182-165-205-245-244-42-381-307-151-155-132-194
Net Cash Flow-17-1067-8784124-166-9886-7-325

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow217.00348.00440.00401.00563.00520.00455.00139.0059.00106.00111.00370.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days71646367688794104120998077
Inventory Days87100799911080991202021429293
Days Payable6464687011612911713215815892117
Cash Conversion Cycle93100739662387692164838053
Working Capital Days3333243567769299120867655
ROCE %29%37%37%32%36%27%22%19%10%10%12%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters71.81%71.08%71.00%70.97%72.33%72.00%71.98%71.97%71.96%71.93%71.93%72.36%
FIIs12.21%12.42%12.84%12.48%12.97%12.65%12.49%12.51%13.02%13.35%13.34%13.44%
DIIs4.13%4.15%4.28%4.11%4.09%4.20%4.13%4.21%4.35%4.63%4.74%4.68%
Public11.85%12.35%11.88%12.44%10.62%11.15%11.39%11.31%10.66%10.09%9.99%9.53%
No. of Shareholders42,19539,70439,71939,95640,87938,78037,03934,32741,11444,06239,14036,769

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan4,922,1500.51148.8763,0002024-11-167712.94%
ICICI Prudential Multi Asset Fund1,768,1510.1353.4863,0002024-11-162706.59%
Mahindra Manulife Small Cap Fund1,161,2480.8535.1263,0002024-11-161743.25%
Mahindra Manulife Consumption Fund63,0000.981.9163,0002024-11-160%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)23.909.538.128.0815.72
Diluted EPS (Rs.)23.879.528.098.0415.70
Cash EPS (Rs.)30.3015.7914.2614.6522.62
Book Value[Excl.RevalReserv]/Share (Rs.)124.71109.45106.32104.1995.93
Book Value[Incl.RevalReserv]/Share (Rs.)124.71109.45106.32104.1995.93
Revenue From Operations / Share (Rs.)134.88119.6499.8986.17127.11
PBDIT / Share (Rs.)39.4920.2918.2318.2528.23
PBIT / Share (Rs.)33.0914.0012.0211.6821.34
PBT / Share (Rs.)31.7512.8010.9911.0519.90
Net Profit / Share (Rs.)23.899.508.058.0815.72
NP After MI And SOA / Share (Rs.)23.899.508.058.0815.72
PBDIT Margin (%)29.2716.9618.2521.1722.21
PBIT Margin (%)24.5311.7012.0313.5516.78
PBT Margin (%)23.5410.7011.0012.8115.65
Net Profit Margin (%)17.717.948.069.3712.36
NP After MI And SOA Margin (%)17.717.948.069.3712.36
Return on Networth / Equity (%)19.158.687.577.7516.38
Return on Capital Employeed (%)23.3411.379.999.8519.42
Return On Assets (%)14.216.555.615.7111.06
Total Debt / Equity (X)0.010.010.010.030.10
Asset Turnover Ratio (%)0.860.830.700.600.91
Current Ratio (X)2.943.613.182.801.96
Quick Ratio (X)2.543.062.652.221.51
Inventory Turnover Ratio (X)3.663.962.471.733.05
Dividend Payout Ratio (NP) (%)0.0062.8524.540.00114.51
Dividend Payout Ratio (CP) (%)0.0037.8013.850.0079.57
Earning Retention Ratio (%)0.0037.1575.460.00-14.51
Cash Earning Retention Ratio (%)0.0062.2086.150.0020.43
Interest Coverage Ratio (X)29.5816.9817.7513.1319.68
Interest Coverage Ratio (Post Tax) (X)18.908.958.846.2711.95
Enterprise Value (Cr.)4141.741187.731011.421319.621420.35
EV / Net Operating Revenue (X)1.720.550.570.870.63
EV / EBITDA (X)5.893.293.134.132.88
MarketCap / Net Operating Revenue (X)1.940.810.851.040.62
Retention Ratios (%)0.0037.1475.450.00-14.51
Price / BV (X)2.100.890.790.860.82
Price / Net Operating Revenue (X)1.940.810.851.040.62
EarningsYield0.090.090.090.080.19

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of D B Corp Ltd as of November 18, 2024 is: 296.17

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 18, 2024, D B Corp Ltd is Undervalued by 1.08% compared to the current share price 293.00

Intrinsic Value of D B Corp Ltd as of November 18, 2024 is: 322.03

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 18, 2024, D B Corp Ltd is Undervalued by 9.91% compared to the current share price 293.00

Last 5 Year EPS CAGR: 8.73%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 24.67%, which is a positive sign.
  2. The company has higher reserves (1,505.46 cr) compared to borrowings (175.54 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.67 cr) and profit (394.25 cr) over the years.
  1. The stock has a high average Working Capital Days of 66.33, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 84.17, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in D B Corp Ltd:
    1. Net Profit Margin: 17.71%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 23.34% (Industry Average ROCE: 10.97%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 19.15% (Industry Average ROE: 9.6%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 18.9
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.54
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 11.7 (Industry average Stock P/E: 48)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.01
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

DB Corp Ltd. is a Public Limited Listed company incorporated on 27/10/1995 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L22210GJ1995PLC047208 and registration number is 047208. Currently Company is involved in the business activities of Information service activities. Company’s Total Operating Revenue is Rs. 1768.54 Cr. and Equity Capital is Rs. 177.06 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Printing/Publishing/StationeryPlot No. 280, Sarkhej - Gandhinagar Highway, Ahmedabad Gujarat 380051dbcs@dbcorp.in
http://www.dbcorpltd.com
Management
NamePosition Held
Mr. Sudhir AgarwalManaging Director
Mr. Pawan AgarwalDeputy Managing Director
Mr. Girish AgarwalNon Executive Director
Ms. Paulomi DhawanInd. Non-Executive Director
Ms. Anupriya AcharyaInd. Non-Executive Director
Mr. Santosh DesaiInd. Non-Executive Director

FAQ

What is the latest intrinsic value of D B Corp Ltd?

The latest intrinsic value of D B Corp Ltd as on 18 November 2024 is ₹296.17, which is 1.08% higher than the current market price of ₹293.00.

What is the Market Cap of D B Corp Ltd?

The Market Cap of D B Corp Ltd is 5,228 Cr..

What is the current Stock Price of D B Corp Ltd as on 18 November 2024?

The current stock price of D B Corp Ltd as on 18 November 2024 is ₹293.

What is the High / Low of D B Corp Ltd stocks in FY 2024?

In FY 2024, the High / Low of D B Corp Ltd stocks is 405/236.

What is the Stock P/E of D B Corp Ltd?

The Stock P/E of D B Corp Ltd is 11.7.

What is the Book Value of D B Corp Ltd?

The Book Value of D B Corp Ltd is 120.

What is the Dividend Yield of D B Corp Ltd?

The Dividend Yield of D B Corp Ltd is 4.43 %.

What is the ROCE of D B Corp Ltd?

The ROCE of D B Corp Ltd is 25.1 %.

What is the ROE of D B Corp Ltd?

The ROE of D B Corp Ltd is 20.2 %.

What is the Face Value of D B Corp Ltd?

The Face Value of D B Corp Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in D B Corp Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE