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Last Updated: April 2, 2026, 2:48 am
Author: Getaka|Social: XLinkedIn

D B Realty Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹140.58Undervalued by 53.47%vs CMP ₹91.60

P/E (90.8) × ROE (2.5%) × BV (₹74.70) × DY (2.00%)

₹56.98Overvalued by 37.79%vs CMP ₹91.60
MoS: -60.8% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹151.8726%Under (+65.8%)
Graham NumberEarnings₹50.7115%Over (-44.6%)
Earnings PowerEarnings₹3.1412%Over (-96.6%)
DCFCash Flow₹5.4215%Over (-94.1%)
Net Asset ValueAssets₹74.728%Over (-18.4%)
Earnings YieldEarnings₹15.308%Over (-83.3%)
ROCE CapitalReturns₹0.628%Over (-99.3%)
Revenue MultipleRevenue₹20.906%Over (-77.2%)
Consensus (8 models)₹56.98100%Overvalued
Key Drivers: ROE 2.5% is below cost of equity. | Wide model spread (₹1–₹152) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 8.0%

*Investments are subject to market risks

Investment Snapshot

54
D B Realty Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health41/100 · Moderate
ROCE 1.4% WeakROE 2.5% WeakD/E 0.69 ModerateInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money60/100 · Moderate
FII holding up 0.30% (6mo) Slight increasePromoter holding at 47.5% Stable
Earnings Quality55/100 · Moderate
OPM expanding (-74% → -2%) ImprovingWorking capital: 720 days Capital intensive
Quarterly Momentum70/100 · Strong
Revenue (4Q): +520% YoY AcceleratingProfit (4Q): -91% YoY DecliningOPM: 30.9% (up 5,142.7% YoY) Margin expansion
Industry Rank55/100 · Moderate
P/E 90.8 vs industry 153.0 Cheaper than peersROCE 1.4% vs industry 11.7% Below peersROE 2.5% vs industry 22.9% Below peers3Y sales CAGR: 73% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:48 am

Market Cap 4,966 Cr.
Current Price 91.6
Intrinsic Value₹56.98
High / Low 219/83.0
Stock P/E90.8
Book Value 74.7
Dividend Yield0.00 %
ROCE1.38 %
ROE2.54 %
Face Value 10.0
PEG Ratio11.31

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

View Share Price Target for D B Realty Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
D B Realty Ltd 4,966 Cr. 91.6 219/83.090.8 74.70.00 %1.38 %2.54 % 10.0
Subros Ltd 4,451 Cr. 682 1,214/51826.5 1780.38 %20.0 %14.5 % 2.00
VRL Logistics Ltd 4,128 Cr. 236 325/22617.3 62.63.18 %15.7 %17.4 % 10.0
Websol Energy System Ltd 3,097 Cr. 71.3 160/50.413.5 9.270.00 %59.2 %80.2 % 1.00
Fusion Micro Finance Ltd 2,335 Cr. 145 212/124 1180.00 %2.96 %54.5 % 10.0
Industry Average7,439.67 Cr186.66153.03219.100.31%11.73%22.92%9.00

All Competitor Stocks of D B Realty Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 10.16622.8058.352.4368.02142.80144.226.793.48329.50537.09840.33136.85
Expenses 25.421,271.74102.7311.5719.0262.52114.5115.15181.37311.56559.72870.2794.53
Operating Profit -15.26-648.94-44.38-9.1449.0080.2829.71-8.36-177.8917.94-22.63-29.9442.32
OPM % -150.20%-104.20%-76.06%-376.13%72.04%56.22%20.60%-123.12%-5,111.78%5.44%-4.21%-3.56%30.92%
Other Income 598.9945.4931.966.26915.30401.078.6310.71-3.5310.5534.5575.251.35
Interest 8.7613.4819.7021.7823.385.0933.0714.84-7.6727.2612.5018.2929.12
Depreciation 0.110.120.110.130.0913.6012.240.480.4913.720.470.470.17
Profit before tax 574.86-617.05-32.23-24.79940.83462.66-6.97-12.97-174.24-12.49-1.0526.5514.38
Tax % 1.58%0.92%28.92%4.52%5.01%0.00%91.25%1.70%-36.16%-163.41%46.67%48.36%30.74%
Net Profit 565.80-622.70-41.55-25.91893.74462.64-13.33-13.19-111.237.93-1.5413.729.96
EPS in Rs 16.62-18.11-1.47-0.6417.639.26-0.12-0.25-2.120.08-0.040.230.19

Last Updated: January 2, 2026, 12:35 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 8:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 318263206141120365169252196983571,1332,043
Expenses 2772472652243584664051343171,4133291,2521,963
Operating Profit 4117-59-83-238-101-235-109-98-71528-11980
OPM % 13%6%-29%-59%-199%-28%-139%-444%-45%-102%8%-11%4%
Other Income 272914014274-34972825277091,45374118
Interest 3853869611916026133428654839385
Depreciation 814141162111026532
Profit before tax 22-21-19-47-289-296-401-162142-611,372-191111
Tax % 27%-112%19%57%4%-17%10%3%85%49%4%-38%
Net Profit 138-23-74-301-247-440-16722-901,317-11884
EPS in Rs 0.470.02-0.76-2.45-10.30-10.90-17.20-6.981.04-2.5724.53-2.331.53
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-38.46%-387.50%-221.74%-306.76%17.94%-78.14%62.05%113.17%-509.09%1563.33%-108.96%
Change in YoY Net Profit Growth (%)0.00%-349.04%165.76%-85.02%324.70%-96.08%140.18%51.13%-622.26%2072.42%-1672.29%

D B Realty Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:35%
3 Years:52%
TTM:394%
Compounded Profit Growth
10 Years:%
5 Years:10%
3 Years:14%
TTM:-110%
Stock Price CAGR
10 Years:14%
5 Years:96%
3 Years:38%
1 Year:5%
Return on Equity
10 Years:-4%
5 Years:-2%
3 Years:4%
Last Year:-3%

Last Updated: September 5, 2025, 2:30 am

Balance Sheet

Last Updated: December 4, 2025, 1:08 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 243243243243243243243243259352538538539
Reserves 3,1683,1682,5952,5312,2601,9961,3141,0931,6301,7854,4774,3553,512
Borrowings 6581,1951,3071,5491,7342,0952,1912,5013,7212,9782,2231,900995
Other Liabilities 1,4411,8631,8502,1882,4092,6482,9493,5083,1523,3321,9251,7542,090
Total Liabilities 5,5106,4705,9966,5126,6466,9836,6977,3458,7618,4489,1638,5477,136
Fixed Assets 45548124343135334821215375722,4292,4274
CWIP 283030000000010614
Investments 1,6991,7071,5621,5561,7301,7411,5101,3991,5641,7288001,290606
Other Assets 3,3274,2524,1614,5254,5624,8944,9765,7937,1236,6485,9254,8256,512
Total Assets 5,5106,4705,9966,5126,6466,9836,6977,3458,7618,4489,1638,5477,136

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 236-208-71555-40-19522795-26796237540
Cash from Investing Activity + -226-231-394-588165-36-160-165275-200486-689
Cash from Financing Activity + 1417472-94-102326-6375865218-595
Net Cash Flow 11-227-12722955594-52741-743
Free Cash Flow 218-219-79381-40-191218121-26395184436
CFO/OP 584%-1,083%121%-670%17%190%-109%-83%274%-14%844%-465%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-617.0016.00-60.00-84.00-239.00-103.00-237.00-111.00-101.00-717.0026.00-120.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 181189102203171901811,1093723684120
Inventory Days 24,5761,231872
Days Payable 1,7464477
Cash Conversion Cycle 1811891022031719023,0121,1093721,22284916
Working Capital Days 5921,3692,8013,7253,3841,0031,36310,7641,7971761,667720
ROCE %2%1%2%1%-2%-0%-3%-0%-1%-11%22%-3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.97%58.97%53.82%50.89%47.44%47.38%47.38%47.37%47.37%47.43%47.43%47.45%
FIIs 2.57%2.34%2.17%2.14%5.23%3.60%3.46%3.56%4.68%5.46%5.16%4.98%
DIIs 0.05%0.05%0.04%0.09%0.49%0.43%0.37%0.43%0.38%0.50%0.50%0.43%
Public 38.42%38.65%43.96%46.89%46.85%48.59%48.78%48.64%47.57%46.61%46.88%47.13%
No. of Shareholders 60,39858,17953,97360,38969,24994,6601,01,1071,04,9281,01,58890,35992,77591,257

Shareholding Pattern Chart

No. of Shareholders

D B Realty Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund 85,726 0.32 1.4785,7262025-04-22 17:25:370%
Groww Nifty Total Market Index Fund 173 0.01 01732025-04-22 17:25:370%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -2.941.11-6.98-17.20-11.41
Diluted EPS (Rs.) -2.941.05-6.98-17.20-11.41
Cash EPS (Rs.) -3.342.85-5.95-17.83-9.67
Book Value[Excl.RevalReserv]/Share (Rs.) 58.7768.0849.9857.0385.33
Book Value[Incl.RevalReserv]/Share (Rs.) 58.7768.0849.9857.0385.33
Revenue From Operations / Share (Rs.) 19.838.471.016.9615.01
PBDIT / Share (Rs.) -17.29-1.070.75-4.690.19
PBIT / Share (Rs.) -17.30-1.090.70-4.740.12
PBT / Share (Rs.) -2.527.48-5.80-16.29-11.77
Net Profit / Share (Rs.) -3.362.82-6.01-17.88-9.75
NP After MI And SOA / Share (Rs.) -2.571.04-6.98-17.20-11.41
PBDIT Margin (%) -87.20-12.6074.74-67.411.32
PBIT Margin (%) -87.26-12.9269.35-68.110.80
PBT Margin (%) -12.7088.33-574.56-234.17-78.41
Net Profit Margin (%) -16.9233.32-595.01-257.11-64.95
NP After MI And SOA Margin (%) -12.9412.27-691.15-247.30-76.03
Return on Networth / Equity (%) -4.221.42-12.70-26.86-12.47
Return on Capital Employeed (%) -17.58-0.740.60-4.010.08
Return On Assets (%) -1.060.30-2.31-6.24-3.98
Long Term Debt / Equity (X) 0.551.061.060.820.57
Total Debt / Equity (X) 1.211.731.360.980.69
Asset Turnover Ratio (%) 0.080.000.000.000.00
Current Ratio (X) 1.141.381.191.201.32
Quick Ratio (X) 0.610.700.660.630.69
Interest Coverage Ratio (X) -11.19-0.090.05-0.430.03
Interest Coverage Ratio (Post Tax) (X) -11.74-0.520.03-0.590.32
Enterprise Value (Cr.) 4805.095733.662307.351473.831912.47
EV / Net Operating Revenue (X) 6.8826.1393.968.715.24
EV / EBITDA (X) -7.89-207.21125.70-12.92395.66
MarketCap / Net Operating Revenue (X) 3.2512.3624.070.731.31
Price / BV (X) 1.061.440.440.080.21
Price / Net Operating Revenue (X) 3.2512.3624.080.731.31
EarningsYield -0.030.01-0.28-3.35-0.58

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Valor Estate Ltd. is a Public Limited Listed company incorporated on 08/01/2007 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L70200MH2007PLC166818 and registration number is 166818. Currently Company is involved in the business activities of Construction of buildings. Company's Total Operating Revenue is Rs. 4.08 Cr. and Equity Capital is Rs. 538.47 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & Restaurants7th Floor, Resham Bhavan, Mumbai Maharashtra 400020Contact not found
Management
NamePosition Held
Mr. Vinod GoenkaChairman & Managing Director
Mr. Shahid BalwaVice Chairman & Mng.Director
Mr. Nabil PatelNon Ind.& Exe.Director
Ms. Maryam KhanIndependent Director
Mr. Mahesh GandhiIndependent Director
Mr. R A RajeevIndependent Director

FAQ

What is the intrinsic value of D B Realty Ltd and is it undervalued?

As of 14 April 2026, D B Realty Ltd's intrinsic value is ₹56.98, which is 37.79% lower than the current market price of ₹91.60, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.54 %), book value (₹74.7), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of D B Realty Ltd?

D B Realty Ltd is trading at ₹91.60 as of 14 April 2026, with a FY2026-2027 high of ₹219 and low of ₹83.0. The stock is currently near its 52-week low. Market cap stands at ₹4,966 Cr..

How does D B Realty Ltd's P/E ratio compare to its industry?

D B Realty Ltd has a P/E ratio of 90.8, which is below the industry average of 153.03. This is broadly in line with or below the industry average.

Is D B Realty Ltd financially healthy?

Key indicators for D B Realty Ltd: ROCE of 1.38 % is on the lower side compared to the industry average of 11.73%; ROE of 2.54 % is below ideal levels (industry average: 22.92%). Dividend yield is 0.00 %.

Is D B Realty Ltd profitable and how is the profit trend?

D B Realty Ltd reported a net profit of ₹-118 Cr in Mar 2025 on revenue of ₹1,133 Cr. Compared to ₹22 Cr in Mar 2022, the net profit shows a declining trend.

Does D B Realty Ltd pay dividends?

D B Realty Ltd has a dividend yield of 0.00 % at the current price of ₹91.60. The company is currently not paying meaningful dividends.

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 Realty 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
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