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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of D B Corp Ltd

About the Company - D B Corp Ltd

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, 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
Mr. Ashwani Kumar SinghalInd. Non-Executive Director
Ms. Anupriya AcharyaInd. Non-Executive Director
Mr. Santosh DesaiInd. Non-Executive Director
Ms. Paulomi DhawanInd. Non-Executive Director

Basic Stock Data of D B Corp Ltd

Last Updated: May 15, 2024, 7:45 am

Market Cap 4,848 Cr.
Current Price 272
High / Low374/114
Stock P/E14.1
Book Value 113
Dividend Yield2.21 %
ROCE11.8 %
ROE8.88 %
Face Value 10.0
PEG Ratio-16.77

D B Corp Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales494457304447546472494538566531554586645
Expenses329355303346404414427451474456438434462
Operating Profit16610111011425868889275116152183
OPM %34%22%0%23%26%12%14%16%16%14%21%26%28%
Other Income2174448610914191620
Interest6565265566567
Depreciation29282828282727282830272929
Profit before tax13385-28731163342656754104133167
Tax %26%27%21%26%26%27%26%25%28%23%24%25%26%
Net Profit9962-225487253149484179100124
EPS in Rs5.663.54-1.273.074.891.381.752.752.712.314.425.636.96

Last Updated: May 11, 2024, 12:05 pm

D B Corp Ltd Quarterly Chart

D B Corp Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,4521,5921,8602,0102,0492,2582,3112,4632,2241,5081,7692,1292,237
Expenses1,1111,2121,3581,4461,5121,6141,7461,9571,7401,2011,4631,8061,802
Operating Profit341380502564538644565506484307305324435
OPM %23%24%27%28%26%29%24%21%22%20%17%15%19%
Other Income22202324211523151025173858
Interest121088147782524182122
Depreciation5158648885869299121115110112113
Profit before tax301331452492460565488414348193195228358
Tax %33%34%32%36%36%34%34%34%21%27%27%26%
Net Profit202218307316292375324274275141143169268
EPS in Rs11.0311.9016.7117.2315.9020.3817.6015.6615.728.088.059.5015.07
Dividend Payout %45%46%43%45%69%40%1%64%64%37%62%63%

D B Corp Ltd Profit & Loss Yearly Chart

D B Corp Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:-1%
3 Years:17%
TTM:13%
Compounded Profit Growth
10 Years:3%
5 Years:9%
3 Years:47%
TTM:150%
Stock Price CAGR
10 Years:0%
5 Years:8%
3 Years:46%
1 Year:130%
Return on Equity
10 Years:16%
5 Years:12%
3 Years:13%
Last Year:20%

Last Updated: May 15, 2024, 7:45 am

D B Corp Ltd Balance Sheet

Last Updated: May 7, 2024, 5:23 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital183183183184184184184175175175177178178
Reserves7448469631,1051,2141,4101,7451,6521,5031,6481,7051,7701,838
Borrowings213163154124137814551345248199213276
Other Liabilities405441468493417409481516463405456418462
Total Liabilities1,5451,6331,7701,9051,9512,0842,4552,3942,4862,4762,5372,5792,753
Fixed Assets7488318508168679101,0029861,2211,2021,1541,0731,098
CWIP45724462121110018
Investments46817269712736371814146675
Other Assets7067148451,0169681,1261,3971,3701,2451,2591,3691,4391,572
Total Assets1,5451,6331,7701,9051,9512,0842,4552,3942,4862,4762,5372,5792,753

D B Corp Ltd Reserves and Borrowings Chart

D B Corp Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 231241259425341360364235363374371244
Cash from Investing Activity -90-76-104-153-183-32-198-21-154-137-224-144
Cash from Financing Activity -102-182-165-205-245-244-42-381-307-151-155-132
Net Cash Flow39-17-1067-8784124-166-9886-7-32

D B Corp Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days62716463676887941041209980
Inventory Days85871007999110809912020214292
Days Payable776464687011612911713215815892
Cash Conversion Cycle70931007396623876921648380
Working Capital Days2233332435677692991208676
ROCE %29%29%37%37%32%36%27%22%19%10%10%12%

D B Corp Ltd Financial Efficiency Indicators Chart

D B Corp Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters71.81%71.81%71.08%71.00%70.97%72.33%72.00%71.98%71.97%71.96%71.93%71.93%
FIIs12.48%12.21%12.42%12.84%12.48%12.97%12.65%12.49%12.51%13.02%13.35%13.34%
DIIs4.13%4.13%4.15%4.28%4.11%4.09%4.20%4.13%4.21%4.35%4.63%4.74%
Public11.57%11.85%12.35%11.88%12.44%10.62%11.15%11.39%11.31%10.66%10.09%9.99%
No. of Shareholders38,57642,19539,70439,71939,95640,87938,78037,03934,32741,11444,06239,140

D B Corp Ltd Shareholding Pattern Chart

No. of D B Corp Ltd Shareholders

D B Corp Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Small Cap Fund - Regular Plan49221500.64147.96
ICICI Prudential Multi Asset Fund18407550.2255.33
Mahindra Manulife Small Cap Fund8903251.1926.76
Quant Teck Fund1744682.795.24
Mahindra Manulife Consumption Fund500001.561.5
Motilal Oswal Nifty Microcap 250 Index Fund494360.321.49
Groww Nifty Total Market Index Fund1160.010

D B Corp Ltd ROCE Trend

D B Corp Ltd EPS Trend

D B Corp Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)9.538.128.0815.7215.32
Diluted EPS (Rs.)9.528.098.0415.7015.31
Cash EPS (Rs.)15.7914.2614.6522.6221.29
Book Value[Excl.RevalReserv]/Share (Rs.)109.45106.32104.1995.93104.45
Book Value[Incl.RevalReserv]/Share (Rs.)109.45106.32104.1995.93104.45
Revenue From Operations / Share (Rs.)119.6499.8986.17127.11140.80
PBDIT / Share (Rs.)20.2918.2318.2528.2329.78
PBIT / Share (Rs.)14.0012.0211.6821.3424.14
PBT / Share (Rs.)12.8010.9911.0519.9023.65
Net Profit / Share (Rs.)9.508.058.0815.7215.66
NP After MI And SOA / Share (Rs.)9.508.058.0815.7215.66
PBDIT Margin (%)16.9618.2521.1722.2121.15
PBIT Margin (%)11.7012.0313.5516.7817.14
PBT Margin (%)10.7011.0012.8115.6516.80
Net Profit Margin (%)7.948.069.3712.3611.11
NP After MI And SOA Margin (%)7.948.069.3712.3611.11
Return on Networth / Equity (%)8.687.577.7516.3814.98
Return on Capital Employeed (%)11.379.999.8519.4221.58
Return On Assets (%)6.555.615.7111.0611.43
Total Debt / Equity (X)0.010.010.030.100.02
Asset Turnover Ratio (%)0.830.700.600.911.02
Current Ratio (X)3.613.182.801.962.61
Quick Ratio (X)3.062.652.221.512.04
Inventory Turnover Ratio (X)3.962.471.733.054.51
Dividend Payout Ratio (NP) (%)62.8524.540.00114.5119.15
Dividend Payout Ratio (CP) (%)37.8013.850.0079.5714.08
Earning Retention Ratio (%)37.1575.460.00-14.5180.85
Cash Earning Retention Ratio (%)62.2086.150.0020.4385.92
Interest Coverage Ratio (X)16.9817.7513.1319.6861.25
Interest Coverage Ratio (Post Tax) (X)8.958.846.2711.9533.20
Enterprise Value (Cr.)1187.731011.421319.621420.353196.65
EV / Net Operating Revenue (X)0.550.570.870.631.30
EV / EBITDA (X)3.293.134.132.886.14
MarketCap / Net Operating Revenue (X)0.810.851.040.621.33
Retention Ratios (%)37.1475.450.00-14.5180.84
Price / BV (X)0.890.790.860.821.79
Price / Net Operating Revenue (X)0.810.851.040.621.33
EarningsYield0.090.090.080.190.08

D B Corp Ltd Profitability Ratios (%)

D B Corp Ltd Liquidity Ratios

D B Corp Ltd Liquidity Ratios (%)

D B Corp Ltd Interest Coverage Ratios (%)

D B Corp Ltd Valuation Ratios

Fair Value

Fair Value: ₹144.61

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.

Overvalued: 46.83% compared to the current price ₹272

Intrinsic Value: ₹143.40

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 47.28% compared to the current price ₹272

Last 5 Year EPS CAGR: -0.84%

*Investments are subject to market risks

Strength and Weakness of D B Corp Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 25.00%, which is a positive sign.
  2. The company has higher reserves (1,395.62 cr) compared to borrowings (173.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.62 cr) and profit (371.15 cr) over the years.
  1. The stock has a high average Working Capital Days of 63.58, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 85.58, which may not be favorable.

FAQ

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

The latest fair value of D B Corp Ltd is ₹144.61.

What is the Market Cap of D B Corp Ltd?

The Market Cap of D B Corp Ltd is 4,848 Cr..

What is the current Stock Price of D B Corp Ltd as on 19 May 2024?

The current stock price of D B Corp Ltd as on 19 May 2024 is 272.

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 ₹374/114.

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

The Stock P/E of D B Corp Ltd is 14.1.

What is the Book Value of D B Corp Ltd?

The Book Value of D B Corp Ltd is 113.

What is the Dividend Yield of D B Corp Ltd?

The Dividend Yield of D B Corp Ltd is 2.21 %.

What is the ROCE of D B Corp Ltd?

The ROCE of D B Corp Ltd is 11.8 %.

What is the ROE of D B Corp Ltd?

The ROE of D B Corp Ltd is 8.88 %.

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