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Last Updated: April 2, 2026, 4:24 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533151 | NSE: DBCORP

DB Corp Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹195.90Fairly Valued by 1.50%vs CMP ₹193.00

P/E (10.7) × ROE (16.7%) × BV (₹129.00) × DY (6.23%)

₹217.58Undervalued by 12.74%vs CMP ₹193.00
MoS: +11.3% (Thin)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹230.3123%Under (+19.3%)
Graham NumberEarnings₹229.0817%Under (+18.7%)
Earnings PowerEarnings₹145.9311%Over (-24.4%)
DCFCash Flow₹388.3711%Under (+101.2%)
Net Asset ValueAssets₹129.497%Over (-32.9%)
EV/EBITDAEnterprise₹275.909%Under (+43%)
Earnings YieldEarnings₹180.807%Fair (-6.3%)
ROCE CapitalReturns₹119.727%Over (-38%)
Revenue MultipleRevenue₹131.466%Over (-31.9%)
Consensus (9 models)₹217.58100%Undervalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 17.6%

*Investments are subject to market risks

Investment Snapshot

67
DB Corp Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health87/100 · Strong
ROCE 21.1% ExcellentROE 16.7% GoodD/E 0.03 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 74.3% Stable
Earnings Quality65/100 · Strong
OPM expanding (16% → 25%) Improving
Quarterly Momentum30/100 · Weak
Revenue (4Q): -3% YoY FlatProfit (4Q): -27% YoY DecliningOPM: 22.0% (down 6.0% YoY) Margin pressure
Industry Rank90/100 · Strong
P/E 10.7 vs industry 22.2 Cheaper than peersROCE 21.1% vs industry 9.4% Above peersROE 16.7% vs industry 9.7% Above peers3Y sales CAGR: 10% Moderate

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, 4:24 am

Market Cap 3,434 Cr.
Current Price 193
Intrinsic Value₹217.58
High / Low 292/185
Stock P/E10.7
Book Value 129
Dividend Yield6.23 %
ROCE21.1 %
ROE16.7 %
Face Value 10.0
PEG Ratio0.61

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

View Share Price Target for DB Corp Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
DB Corp Ltd 3,434 Cr. 193 292/18510.7 1296.23 %21.1 %16.7 % 10.0
D B Corp Ltd 3,434 Cr. 193 292/18510.7 1296.23 %21.1 %16.7 % 10.0
Flair Writing Industries Ltd 3,048 Cr. 289 357/21326.2 100.00.35 %15.6 %11.9 % 5.00
Navneet Education Ltd 2,882 Cr. 130 168/12116.5 87.82.30 %14.8 %12.6 % 2.00
TCPL Packaging Ltd 2,175 Cr. 2,390 4,550/2,20018.3 7401.26 %20.0 %23.8 % 10.0
Industry Average2,188.25 Cr348.7922.17208.401.31%9.39%9.68%6.27

All Competitor Stocks of DB Corp Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 566531554586645617590559643548559614605
Expenses 474456438434462445425438465465449476470
Operating Profit 927511615218317216412117783111138135
OPM % 16%14%21%26%28%28%28%22%28%15%20%22%22%
Other Income 9141916202526241319282024
Interest 6656766767776
Depreciation 28302729292928272424242525
Profit before tax 675410413316716215711016071108126129
Tax % 28%23%24%25%26%24%25%25%26%26%25%26%26%
Net Profit 4841791001241231188311852819396
EPS in Rs 2.712.314.425.636.966.886.624.636.632.944.545.245.36

Last Updated: February 2, 2026, 11:32 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 2:55 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,8602,0102,0492,2582,3112,4632,2241,5081,7692,1292,4022,3392,327
Expenses 1,3581,4461,5121,6141,7461,9571,7401,2011,4631,8061,7791,7931,860
Operating Profit 502564538644565506484307305324623546467
OPM % 27%28%26%29%24%21%22%20%17%15%26%23%20%
Other Income 23242115231510251738818191
Interest 881477825241821242526
Depreciation 64888586929912111511011211410499
Profit before tax 452492460565488414348193195228565499433
Tax % 32%36%36%34%34%34%21%27%27%26%25%26%
Net Profit 307316292375324274275141143169426371322
EPS in Rs 16.7117.2315.9020.3817.6015.6615.728.088.059.5023.8920.8218.08
Dividend Payout % 43%45%69%40%1%64%64%37%62%63%54%58%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)2.93%-7.59%28.42%-13.60%-15.43%0.36%-48.73%1.42%18.18%152.07%-12.91%
Change in YoY Net Profit Growth (%)0.00%-10.53%36.02%-42.02%-1.83%15.80%-49.09%50.15%16.76%133.89%-164.98%

DB Corp 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:2%
5 Years:1%
3 Years:10%
TTM:-5%
Compounded Profit Growth
10 Years:2%
5 Years:6%
3 Years:37%
TTM:-28%
Stock Price CAGR
10 Years:-1%
5 Years:28%
3 Years:35%
1 Year:-19%
Return on Equity
10 Years:15%
5 Years:13%
3 Years:15%
Last Year:17%

Last Updated: September 5, 2025, 3:06 pm

Balance Sheet

Last Updated: December 4, 2025, 2:41 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 183184184184184175175175177178178178178
Reserves 9631,1051,2141,4101,7451,6521,5031,6481,7051,7702,0432,0462,126
Borrowings 154124137814551345248199213253283291
Other Liabilities 468493417409481516463405456418518547546
Total Liabilities 1,7701,9051,9512,0842,4552,3942,4862,4762,5372,5792,9933,0553,141
Fixed Assets 8508168679101,0029861,2211,2021,1541,0731,059997978
CWIP 244621211100121025
Investments 72697127363718141466676974
Other Assets 8451,0169681,1261,3971,3701,2451,2591,3691,4391,8641,9802,063
Total Assets 1,7701,9051,9512,0842,4552,3942,4862,4762,5372,5792,9933,0553,141

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 259425341360364235363374371244579414
Cash from Investing Activity + -104-153-183-32-198-21-154-137-224-144-380-11
Cash from Financing Activity + -165-205-245-244-42-381-307-151-155-132-194-366
Net Cash Flow -1067-8784124-166-9886-7-32537
Free Cash Flow 157354142307185171322310340219537366
CFO/OP 82%105%96%86%92%76%96%142%144%98%117%101%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow348.00440.00401.00563.00520.00455.00139.0059.00106.00111.00370.00263.00

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 64636768879410412099807771
Inventory Days 100799911080991202021429293144
Days Payable 64687011612911713215815892117138
Cash Conversion Cycle 10073966238769216483805377
Working Capital Days 221520586885679976654654
ROCE %37%37%32%36%27%22%19%10%10%12%25%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 71.98%71.97%71.96%71.93%71.93%72.36%72.36%72.34%72.95%73.48%73.78%74.25%
FIIs 12.49%12.51%13.02%13.35%13.34%13.44%13.86%14.07%13.06%12.77%12.62%12.24%
DIIs 4.13%4.21%4.35%4.63%4.74%4.68%4.85%4.80%4.07%4.16%4.18%4.20%
Public 11.39%11.31%10.66%10.09%9.99%9.53%8.92%8.78%9.89%9.57%9.42%9.29%
No. of Shareholders 37,03934,32741,11444,06239,14036,76938,94639,34643,13643,25942,29541,424

Shareholding Pattern Chart

No. of Shareholders

DB Corp 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
HDFC Small Cap Fund 4,922,150 0.3 110.57N/AN/AN/A
ICICI Prudential Multi Asset Fund 1,767,451 0.05 39.71,768,1512025-11-03 14:04:50-0.04%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 20.8223.909.538.128.08
Diluted EPS (Rs.) 20.8123.879.528.098.04
Cash EPS (Rs.) 26.6430.3015.7914.2614.65
Book Value[Excl.RevalReserv]/Share (Rs.) 124.85124.71109.45106.32104.19
Book Value[Incl.RevalReserv]/Share (Rs.) 124.85124.71109.45106.32104.19
Revenue From Operations / Share (Rs.) 131.27134.88119.6499.8986.17
PBDIT / Share (Rs.) 35.1839.4920.2918.2318.25
PBIT / Share (Rs.) 29.3733.0914.0012.0211.68
PBT / Share (Rs.) 27.9831.7512.8010.9911.05
Net Profit / Share (Rs.) 20.8223.899.508.058.08
NP After MI And SOA / Share (Rs.) 20.8223.899.508.058.08
PBDIT Margin (%) 26.8029.2716.9618.2521.17
PBIT Margin (%) 22.3724.5311.7012.0313.55
PBT Margin (%) 21.3123.5410.7011.0012.81
Net Profit Margin (%) 15.8517.717.948.069.37
NP After MI And SOA Margin (%) 15.8517.717.948.069.37
Return on Networth / Equity (%) 16.6719.158.687.577.75
Return on Capital Employeed (%) 20.6423.3411.379.999.85
Return On Assets (%) 12.1414.216.555.615.71
Total Debt / Equity (X) 0.020.010.010.010.03
Asset Turnover Ratio (%) 0.770.860.830.700.60
Current Ratio (X) 3.733.823.613.182.80
Quick Ratio (X) 3.243.423.062.652.22
Inventory Turnover Ratio (X) 10.613.663.962.471.73
Dividend Payout Ratio (NP) (%) 96.0333.4662.8524.540.00
Dividend Payout Ratio (CP) (%) 75.0526.3937.8013.850.00
Earning Retention Ratio (%) 3.9766.5437.1575.460.00
Cash Earning Retention Ratio (%) 24.9573.6162.2086.150.00
Interest Coverage Ratio (X) 25.3529.5816.9817.7513.13
Interest Coverage Ratio (Post Tax) (X) 16.0018.908.958.846.27
Enterprise Value (Cr.) 3170.793731.781187.731011.421319.62
EV / Net Operating Revenue (X) 1.361.550.550.570.87
EV / EBITDA (X) 5.065.313.293.134.13
MarketCap / Net Operating Revenue (X) 1.761.940.810.851.04
Retention Ratios (%) 3.9666.5337.1475.450.00
Price / BV (X) 1.852.100.890.790.86
Price / Net Operating Revenue (X) 1.761.940.810.851.04
EarningsYield 0.090.090.090.090.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 Advertising. Company's Total Operating Revenue is Rs. 2338.24 Cr. and Equity Capital is Rs. 178.19 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Printing/Publishing/StationeryPlot No. 280, Sarkhej - Gandhinagar Highway, Ahmedabad Gujarat 380051Contact not found
Management
NamePosition Held
Mr. Sudhir AgarwalManaging Director
Mr. Pawan AgarwalDeputy Managing Director
Mr. Girish AgarwalNon Executive Director
Ms. Paulomi DhawanIndependent Director
Mr. Santosh DesaiIndependent Director
Mr. Runit ShahIndependent Director

FAQ

What is the intrinsic value of DB Corp Ltd and is it undervalued?

As of 16 April 2026, DB Corp Ltd's intrinsic value is ₹217.58, which is 12.74% higher than the current market price of ₹193.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (16.7 %), book value (₹129), dividend yield (6.23 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of DB Corp Ltd?

DB Corp Ltd is trading at ₹193.00 as of 16 April 2026, with a FY2026-2027 high of ₹292 and low of ₹185. The stock is currently near its 52-week low. Market cap stands at ₹3,434 Cr..

How does DB Corp Ltd's P/E ratio compare to its industry?

DB Corp Ltd has a P/E ratio of 10.7, which is below the industry average of 22.17. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is DB Corp Ltd financially healthy?

Key indicators for DB Corp Ltd: ROCE of 21.1 % indicates efficient capital utilization; ROE of 16.7 % shows strong shareholder returns. Dividend yield is 6.23 %.

Is DB Corp Ltd profitable and how is the profit trend?

DB Corp Ltd reported a net profit of ₹371 Cr in Mar 2025 on revenue of ₹2,339 Cr. Compared to ₹143 Cr in Mar 2022, the net profit shows an improving trend.

Does DB Corp Ltd pay dividends?

DB Corp Ltd has a dividend yield of 6.23 % at the current price of ₹193.00. This is a relatively attractive yield for income-seeking investors.

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 DB 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
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