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

DB (International) Stock Brokers Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹31.13Undervalued by 19.73%vs CMP ₹26.00

P/E (21.5) × ROE (8.4%) × BV (₹21.20) × DY (2.00%)

₹20.95Overvalued by 19.42%vs CMP ₹26.00
MoS: -24.1% (Negative)Confidence: 53/100 (Moderate)Models: 1 Under, 2 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹26.9523%Fair (+3.7%)
Graham NumberEarnings₹23.9216%Fair (-8%)
Earnings PowerEarnings₹15.2811%Over (-41.2%)
DCFCash Flow₹11.1514%Over (-57.1%)
Net Asset ValueAssets₹21.197%Over (-18.5%)
EV/EBITDAEnterprise₹33.749%Under (+29.8%)
Earnings YieldEarnings₹12.007%Over (-53.8%)
ROCE CapitalReturns₹21.847%Over (-16%)
Revenue MultipleRevenue₹12.045%Over (-53.7%)
Consensus (9 models)₹20.95100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -13.4%

*Investments are subject to market risks

Investment Snapshot

53
DB (International) Stock Brokers Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health76/100 · Strong
ROCE 12.5% GoodROE 8.4% AverageD/E 0.03 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 41.2% Stable
Earnings Quality40/100 · Moderate
OPM contracting (39% → 29%) Declining
Quarterly Momentum35/100 · Weak
Revenue (4Q): -40% YoY DecliningProfit (4Q): -35% YoY DecliningOPM: 27.2% (up 9.5% YoY) Margin expansion
Industry Rank55/100 · Moderate
P/E 21.5 vs industry 98.5 Cheaper than peersROCE 12.5% vs industry 21.7% Below peers3Y sales CAGR: 13% 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, 2:48 am

Market Cap 90.9 Cr.
Current Price 26.0
Intrinsic Value₹20.95
High / Low 36.3/23.2
Stock P/E21.5
Book Value 21.2
Dividend Yield0.00 %
ROCE12.5 %
ROE8.37 %
Face Value 2.00
PEG Ratio-1.60

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

View Share Price Target for DB (International) Stock Brokers Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
DB (International) Stock Brokers Ltd 90.9 Cr. 26.0 36.3/23.221.5 21.20.00 %12.5 %8.37 % 2.00
Delphi World Money Ltd 220 Cr. 8.98 18.4/6.9621.3 9.400.00 %7.24 %4.02 % 2.00
Biogen Pharmachem Industries Ltd 54.2 Cr. 0.60 1.08/0.5021.8 1.100.00 %0.39 %0.39 % 1.00
Concrete Infra & Media Ltd 3.14 Cr. 4.17 4.18/3.9220.9 10.80.00 %2.54 %1.81 % 10.0
Garnet International Ltd 95.0 Cr. 48.4 135/42.020.7 21.30.00 %4.27 %4.67 % 10.0
Industry Average6,725.79 Cr1,029.6498.514,364.490.43%21.71%14.20%7.23

All Competitor Stocks of DB (International) Stock Brokers Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 10.185.3410.449.8713.2314.7112.7612.379.157.786.968.016.61
Expenses 7.443.317.176.397.7210.919.059.557.535.385.056.144.81
Operating Profit 2.742.033.273.485.513.803.712.821.622.401.911.871.80
OPM % 26.92%38.01%31.32%35.26%41.65%25.83%29.08%22.80%17.70%30.85%27.44%23.35%27.23%
Other Income 0.05-0.050.000.010.000.000.000.000.000.030.000.010.00
Interest 0.210.230.260.460.670.950.830.610.360.180.290.280.34
Depreciation 0.220.560.540.550.570.390.330.370.310.470.300.290.30
Profit before tax 2.361.192.472.484.272.462.551.840.951.781.321.311.16
Tax % 30.51%21.85%19.84%27.42%24.82%17.07%22.75%21.20%-9.47%24.72%23.48%24.43%23.28%
Net Profit 1.640.941.991.803.212.051.961.451.031.341.010.980.89
EPS in Rs 0.470.270.570.510.920.590.560.410.290.380.290.280.25

Last Updated: February 6, 2026, 5:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 8:46 pm

MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5.994.705.871.9710.5518.0729.3729.3248.2542.1029.36
Expenses 4.504.074.834.735.8712.6017.1518.8432.1931.5221.38
Operating Profit 1.490.631.04-2.764.685.4712.2210.4816.0610.587.98
OPM % 24.87%13.40%17.72%-140.10%44.36%30.27%41.61%35.74%33.28%25.13%27.18%
Other Income 0.000.000.01-0.560.020.010.050.100.010.000.04
Interest 0.250.070.120.180.470.360.650.762.341.991.09
Depreciation 0.150.110.100.280.320.240.751.122.041.481.36
Profit before tax 1.090.450.83-3.783.914.8810.878.7011.697.115.57
Tax % 34.86%22.22%32.53%-31.22%32.23%93.44%20.42%26.67%22.58%18.57%
Net Profit 0.700.360.57-2.602.650.318.646.389.055.794.22
EPS in Rs 0.200.100.16-0.740.760.092.471.822.591.651.20
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-48.57%58.33%-556.14%201.92%-88.30%2687.10%-26.16%41.85%-36.02%
Change in YoY Net Profit Growth (%)0.00%106.90%-614.47%758.06%-290.22%2775.40%-2713.25%68.01%-77.87%

DB (International) Stock Brokers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:32%
3 Years:13%
TTM:-28%
Compounded Profit Growth
10 Years:%
5 Years:17%
3 Years:-12%
TTM:-46%
Stock Price CAGR
10 Years:0%
5 Years:22%
3 Years:3%
1 Year:-44%
Return on Equity
10 Years:%
5 Years:11%
3 Years:11%
Last Year:8%

Last Updated: September 5, 2025, 2:35 am

Balance Sheet

Last Updated: December 10, 2025, 2:34 am

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 7.007.007.007.007.007.007.007.007.007.007.00
Reserves 33.4933.7734.3431.7534.6434.9543.7450.2059.3065.0267.09
Borrowings 0.000.000.000.000.841.472.207.134.032.932.65
Other Liabilities 10.042.975.8512.9617.1818.9744.1540.6659.3635.5556.37
Total Liabilities 50.5343.7447.1951.7159.6662.3997.09104.99129.69110.50133.11
Fixed Assets 0.360.303.580.630.581.051.244.935.384.604.07
CWIP 0.000.000.000.000.000.000.000.000.000.000.00
Investments 0.620.620.620.591.030.8310.091.670.150.624.60
Other Assets 49.5542.8242.9950.4958.0560.5185.7698.39124.16105.28124.44
Total Assets 50.5343.7447.1951.7159.6662.3997.09104.99129.69110.50133.11

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -15.85-6.913.00-2.7410.396.0922.383.89-5.030.16
Cash from Investing Activity + -0.157.52-3.52-3.19-2.83-12.14-14.10-2.58-0.35-0.70
Cash from Financing Activity + 0.000.000.00-0.020.810.50-0.164.59-6.30-2.37
Net Cash Flow -16.010.61-0.52-5.958.37-5.568.135.90-11.67-2.91
Free Cash Flow -16.00-11.088.872.2710.124.1122.801.25-5.39-0.55
CFO/OP -1,021%-963%305%89%271%111%213%60%-14%30%

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow1.490.631.04-2.763.844.0010.023.3512.037.65

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 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 12.1924.8516.79255.69106.2128.8820.3821.163.337.63
Inventory Days
Days Payable
Cash Conversion Cycle 12.1924.8516.79255.69106.2128.8820.3821.163.337.63
Working Capital Days -548.41-128.91-115.66-774.47-414.82-309.65-463.30-420.90-398.06-243.45
ROCE %1.28%2.29%-7.59%10.78%12.20%23.91%16.13%20.84%12.53%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 34.34%35.84%36.12%36.12%36.18%36.18%36.18%36.18%41.66%41.17%41.17%41.17%
FIIs 0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 65.66%64.16%63.87%63.87%63.82%63.81%63.82%63.81%58.32%58.82%58.83%58.82%
No. of Shareholders 3,4223,5014,3524,2174,8315,2465,2495,8205,9356,0776,4726,312

Shareholding Pattern Chart

No. of Shareholders

DB (International) Stock Brokers Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 1.652.591.822.470.09
Diluted EPS (Rs.) 1.652.591.822.470.09
Cash EPS (Rs.) 2.083.172.142.680.15
Book Value[Excl.RevalReserv]/Share (Rs.) 20.5818.9416.3414.5011.98
Book Value[Incl.RevalReserv]/Share (Rs.) 20.5818.9416.3414.5011.98
Revenue From Operations / Share (Rs.) 12.0213.798.378.375.16
PBDIT / Share (Rs.) 3.024.593.023.501.57
PBIT / Share (Rs.) 2.604.012.703.291.50
PBT / Share (Rs.) 2.033.342.493.101.39
Net Profit / Share (Rs.) 1.652.591.822.470.08
NP After MI And SOA / Share (Rs.) 1.652.591.822.470.08
PBDIT Margin (%) 25.1333.2936.0841.8730.33
PBIT Margin (%) 21.6029.0632.2639.2929.00
PBT Margin (%) 16.8824.2229.6837.0926.99
Net Profit Margin (%) 13.7518.7521.7529.491.74
NP After MI And SOA Margin (%) 13.7518.7521.7529.491.74
Return on Networth / Equity (%) 8.0313.6411.1417.020.75
Return on Capital Employeed (%) 12.5821.0616.2421.9511.94
Return On Assets (%) 5.236.976.378.890.50
Long Term Debt / Equity (X) 0.000.000.010.020.03
Total Debt / Equity (X) 0.040.060.010.020.03
Asset Turnover Ratio (%) 0.350.420.280.350.29
Current Ratio (X) 2.701.932.001.572.95
Quick Ratio (X) 2.701.932.001.572.95
Interest Coverage Ratio (X) 5.326.8814.0319.0015.10
Interest Coverage Ratio (Post Tax) (X) 3.914.879.4614.381.87
Enterprise Value (Cr.) 4.2427.101.4431.84-18.38
EV / Net Operating Revenue (X) 0.100.560.041.09-1.02
EV / EBITDA (X) 0.401.690.132.60-3.35
MarketCap / Net Operating Revenue (X) 2.352.912.673.151.74
Price / BV (X) 1.372.121.371.820.74
Price / Net Operating Revenue (X) 2.352.912.673.151.74
EarningsYield 0.050.060.080.090.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

DB (International) Stock Brokers Ltd. is a Public Limited Listed company incorporated on 28/02/1992 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L67120GJ1992PLC121278 and registration number is 035349. Currently Company is involved in the business activities of Financial service activities, except insurance and pension funding. Company's Total Operating Revenue is Rs. 41.06 Cr. and Equity Capital is Rs. 7.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsU.No210/211/211A, 2nd Floor, Dalal Street, Commercial Co-operative Society Ltd, Gandhinagar Gujarat 382355Contact not found
Management
NamePosition Held
Mr. Shiv Narayan DagaManaging Director
Ms. Shikha MundraExecutive Director
Mr. Sachin Kumar RathiNon Executive Director
Mr. Milap Chand BothraIndependent Director
Mr. Harak Chand SoganiIndependent Director
Mr. Chakraworty BansalIndependent Director

FAQ

What is the intrinsic value of DB (International) Stock Brokers Ltd and is it undervalued?

As of 14 April 2026, DB (International) Stock Brokers Ltd's intrinsic value is ₹20.95, which is 19.42% lower than the current market price of ₹26.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.37 %), book value (₹21.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of DB (International) Stock Brokers Ltd?

DB (International) Stock Brokers Ltd is trading at ₹26.00 as of 14 April 2026, with a FY2026-2027 high of ₹36.3 and low of ₹23.2. The stock is currently near its 52-week low. Market cap stands at ₹90.9 Cr..

How does DB (International) Stock Brokers Ltd's P/E ratio compare to its industry?

DB (International) Stock Brokers Ltd has a P/E ratio of 21.5, which is below the industry average of 98.51. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is DB (International) Stock Brokers Ltd financially healthy?

Key indicators for DB (International) Stock Brokers Ltd: ROCE of 12.5 % is moderate. Dividend yield is 0.00 %.

Is DB (International) Stock Brokers Ltd profitable and how is the profit trend?

DB (International) Stock Brokers Ltd reported a net profit of ₹6 Cr in Mar 2025 on revenue of ₹42 Cr. Compared to ₹9 Cr in Mar 2022, the net profit shows a declining trend.

Does DB (International) Stock Brokers Ltd pay dividends?

DB (International) Stock Brokers Ltd has a dividend yield of 0.00 % at the current price of ₹26.00. 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 DB (International) Stock Brokers 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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