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

Fundamental Analysis of DB (International) Stock Brokers Ltd

About the Company - DB (International) Stock Brokers Ltd

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 Haryana, 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. 27.37 Cr. and Equity Capital is Rs. 7.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsU.No210/211/211A, 2nd Floor, Dalal Street, Commercial Co-operative Society Ltd, Gandhinagar Gujarat 382355investors@dbonline.in
http://www.dbonline.in
Management
NamePosition Held
Ms. Shikha MundraExecutive Director
Mr. Shiv Narayan DagaManaging Director
Mr. Chandra Mohan BahetyIndependent Director
Mr. Milap Chand BothraIndependent Director
Mr. Brajesh SadaniIndependent Director
Mr. Tarun KansalIndependent Director
Mr. Himanshu MalhotraIndependent Director
Mr. Harak Chand SoganiIndependent Director
Mr. Sachin Kumar RathiNon Executive Director

Basic Stock Data of DB (International) Stock Brokers Ltd

Last Updated: May 27, 2024, 12:25 pm

Market Cap 215 Cr.
Current Price 61.2
High / Low67.9/22.2
Stock P/E23.8
Book Value 18.9
Dividend Yield0.00 %
ROCE21.7 %
ROE14.7 %
Face Value 2.00
PEG Ratio1.25

DB (International) Stock Brokers Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales4.164.566.617.466.226.928.686.846.9410.185.3510.449.87
Expenses2.252.466.204.523.653.865.123.824.297.443.467.176.39
Operating Profit1.912.100.412.942.573.063.563.022.652.741.893.273.48
OPM %45.91%46.05%6.20%39.41%41.32%44.22%41.01%44.15%38.18%26.92%35.33%31.32%35.26%
Other Income0.000.000.010.010.030.000.100.070.060.050.090.000.01
Interest0.100.070.100.170.120.220.130.170.150.210.590.260.46
Depreciation0.090.09-0.030.190.220.150.190.160.180.220.190.540.55
Profit before tax1.721.940.352.592.262.693.342.762.382.361.202.472.48
Tax %26.16%230.41%77.14%26.25%21.68%25.65%7.49%23.91%28.57%30.51%21.67%19.84%27.42%
Net Profit1.28-2.520.081.911.762.003.092.101.701.640.941.991.80
EPS in Rs0.37-0.720.020.550.500.570.880.600.490.470.270.570.51

DB (International) Stock Brokers Ltd Quarterly Chart

DB (International) Stock Brokers Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5.994.705.871.9710.5518.0729.3729.4735.84
Expenses4.504.074.834.735.8712.6017.1518.9924.46
Operating Profit1.490.631.04-2.764.685.4712.2210.4811.38
OPM %24.87%13.40%17.72%-140.10%44.36%30.27%41.61%35.56%31.75%
Other Income-0.00-0.000.01-0.560.020.010.050.100.15
Interest0.250.070.120.180.470.360.650.761.52
Depreciation0.150.110.100.280.320.240.751.121.50
Profit before tax1.090.450.83-3.783.914.8810.878.708.51
Tax %34.86%22.22%32.53%31.22%32.23%93.44%20.42%26.67%
Net Profit0.700.360.57-2.602.650.318.646.386.37
EPS in Rs0.200.100.16-0.740.760.092.471.821.82
Dividend Payout %-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%

DB (International) Stock Brokers Ltd Profit & Loss Yearly Chart

DB (International) Stock Brokers Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:90%
3 Years:39%
TTM:64%
Compounded Profit Growth
10 Years:%
5 Years:45%
3 Years:208%
TTM:42%
Stock Price CAGR
10 Years:-3%
5 Years:45%
3 Years:58%
1 Year:143%
Return on Equity
10 Years:%
5 Years:11%
3 Years:15%
Last Year:15%

Last Updated: May 24, 2024, 2:44 am

DB (International) Stock Brokers Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital7.007.007.007.007.007.007.007.007.00
Reserves33.4933.7734.3431.7534.6434.9543.7450.2054.05
Borrowings-0.00-0.00-0.00-0.000.841.472.201.561.81
Other Liabilities10.042.975.8512.9617.1818.9744.1541.2367.81
Total Liabilities50.5343.7447.1951.7159.6662.3997.0999.99130.67
Fixed Assets0.360.303.580.630.581.051.244.934.51
CWIP-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00
Investments0.620.620.620.591.030.8310.091.674.73
Other Assets49.5542.8242.9950.4958.0560.5185.7693.39121.43
Total Assets50.5343.7447.1951.7159.6662.3997.0999.99130.67

DB (International) Stock Brokers Ltd Reserves and Borrowings Chart

DB (International) Stock Brokers Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -15.85-6.913.00-2.7410.396.0922.3813.76
Cash from Investing Activity -0.157.52-3.52-3.19-2.83-12.14-14.10-12.12
Cash from Financing Activity 0.000.000.00-0.020.810.50-0.16-0.71
Net Cash Flow-16.010.61-0.52-5.958.37-5.568.130.94

DB (International) Stock Brokers Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days12.1924.8516.79255.69106.2128.8820.3821.063.33
Inventory Days
Days Payable
Cash Conversion Cycle12.1924.8516.79255.69106.2128.8820.3821.063.33
Working Capital Days-548.41-128.91-115.66-774.47-411.71-309.65-463.30-445.75-414.93
ROCE %1.28%2.29%-7.59%10.78%12.20%23.91%16.94%

DB (International) Stock Brokers Ltd Financial Efficiency Indicators Chart

DB (International) Stock Brokers Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters30.01%30.01%30.01%30.01%30.01%30.01%30.01%34.34%35.84%36.12%36.12%36.18%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%
Public69.99%69.99%69.99%69.99%69.99%69.97%69.97%65.66%64.16%63.87%63.87%63.82%
No. of Shareholders1,7191,9892,2192,2192,7602,9823,1523,4223,5014,3524,2174,831

DB (International) Stock Brokers Ltd Shareholding Pattern Chart

No. of DB (International) Stock Brokers Ltd Shareholders

This stock is not held by any mutual fund

DB (International) Stock Brokers Ltd ROCE Trend

DB (International) Stock Brokers Ltd EPS Trend

DB (International) Stock Brokers Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)1.822.470.090.76-0.63
Diluted EPS (Rs.)1.822.470.090.76-0.63
Cash EPS (Rs.)2.142.680.150.84-0.66
Book Value[Excl.RevalReserv]/Share (Rs.)16.3414.5011.9811.9011.07
Book Value[Incl.RevalReserv]/Share (Rs.)16.3414.5011.9811.9011.07
Revenue From Operations / Share (Rs.)8.378.375.163.010.52
PBDIT / Share (Rs.)3.023.501.571.34-0.79
PBIT / Share (Rs.)2.703.291.501.25-0.86
PBT / Share (Rs.)2.493.101.391.12-1.08
Net Profit / Share (Rs.)1.822.470.080.75-0.74
NP After MI And SOA / Share (Rs.)1.822.470.080.75-0.74
PBDIT Margin (%)36.0841.8730.3344.53-150.13
PBIT Margin (%)32.2639.2929.0041.51-165.24
PBT Margin (%)29.6837.0926.9937.03-205.31
Net Profit Margin (%)21.7529.491.7425.12-141.22
NP After MI And SOA Margin (%)21.7529.491.7425.12-141.22
Return on Networth / Equity (%)11.1417.020.756.36-6.71
Return on Capital Employeed (%)16.2421.9511.9410.21-7.79
Return On Assets (%)6.378.890.504.44-5.02
Long Term Debt / Equity (X)0.010.020.030.010.00
Total Debt / Equity (X)0.010.020.030.020.00
Asset Turnover Ratio (%)0.280.350.290.170.03
Current Ratio (X)2.001.572.953.083.67
Quick Ratio (X)2.001.572.953.083.67
Interest Coverage Ratio (X)14.0319.0015.109.94-15.23
Interest Coverage Ratio (Post Tax) (X)9.4614.381.876.61-10.26
Enterprise Value (Cr.)1.4431.84-18.38-11.04-7.21
EV / Net Operating Revenue (X)0.041.09-1.02-1.05-3.91
EV / EBITDA (X)0.132.60-3.35-2.352.61
MarketCap / Net Operating Revenue (X)2.673.151.743.2816.72
Price / BV (X)1.371.820.740.830.79
Price / Net Operating Revenue (X)2.673.151.743.2816.72
EarningsYield0.080.090.010.07-0.08

DB (International) Stock Brokers Ltd Profitability Ratios (%)

DB (International) Stock Brokers Ltd Liquidity Ratios

DB (International) Stock Brokers Ltd Liquidity Ratios (%)

DB (International) Stock Brokers Ltd Interest Coverage Ratios (%)

DB (International) Stock Brokers Ltd Valuation Ratios

Fair Value

Fair Value: ₹67.45

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.

Undervalued: 10.21% compared to the current price ₹61.2

Intrinsic Value: ₹80.32

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.

Undervalued: 31.24% compared to the current price ₹61.2

Last 5 Year EPS CAGR: 19.08%

*Investments are subject to market risks

Strength and Weakness of DB (International) Stock Brokers Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -401.42, which is a positive sign.
  2. The company has higher reserves (38.99 cr) compared to borrowings (0.88 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (15.76 cr) and profit (3.94 cr) over the years.
  1. The stock has a low average ROCE of 6.65%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 54.38, which may not be favorable.

FAQ

What is the latest fair value of DB (International) Stock Brokers Ltd?

The latest fair value of DB (International) Stock Brokers Ltd is ₹67.45.

What is the Market Cap of DB (International) Stock Brokers Ltd?

The Market Cap of DB (International) Stock Brokers Ltd is 215 Cr..

What is the current Stock Price of DB (International) Stock Brokers Ltd as on 30 May 2024?

The current stock price of DB (International) Stock Brokers Ltd as on 30 May 2024 is ₹61.2.

What is the High / Low of DB (International) Stock Brokers Ltd stocks in FY 2024?

In FY 2024, the High / Low of DB (International) Stock Brokers Ltd stocks is 67.9/22.2.

What is the Stock P/E of DB (International) Stock Brokers Ltd?

The Stock P/E of DB (International) Stock Brokers Ltd is 23.8.

What is the Book Value of DB (International) Stock Brokers Ltd?

The Book Value of DB (International) Stock Brokers Ltd is 18.9.

What is the Dividend Yield of DB (International) Stock Brokers Ltd?

The Dividend Yield of DB (International) Stock Brokers Ltd is 0.00 %.

What is the ROCE of DB (International) Stock Brokers Ltd?

The ROCE of DB (International) Stock Brokers Ltd is 21.7 %.

What is the ROE of DB (International) Stock Brokers Ltd?

The ROE of DB (International) Stock Brokers Ltd is 14.7 %.

What is the Face Value of DB (International) Stock Brokers Ltd?

The Face Value of DB (International) Stock Brokers Ltd is 2.00.

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 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