TickerSutra

NSE: DBCORP · BSE: 533151 · ISIN INE950I01011

D.B.Corp Limited stock analysis

D.B.Corp Limited ranks #814 in the TickerSutra evidence-ranked universe with a score of 60/100 and 95% data confidence. The latest captured fundamentals show ROCE of 18.3%, quarterly sales growth of 7.9% and quarterly profit growth of 24.6%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE60/100

Monitor only

#814 of 5,430 ranked equities
Market capitalisation₹3,485.58cr
ROCE18.3%
Quarterly sales growth7.9%
Quarterly profit growth24.6%
P/E ratio9.9×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.11×
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹1,769cr₹305cr₹143cr17.0%
2023₹2,129cr₹324cr₹169cr15.0%
2024₹2,402cr₹623cr₹426cr26.0%
2025₹2,339cr₹546cr₹371cr23.0%
2026₹2,356cr₹490cr₹332cr21.0%
TTM₹2,400cr₹514cr₹352cr21.0%
Debt / equity0.11×
CFO / EBITDA0.74×
Operating margin21.0%
Free cash flow₹194cr
Sales CAGR · 3Y3.4%
Profit CAGR · 3Y25.2%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts2 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Market share gainHigh severity · 5 mentions
Positive catalyst

As we move forward, we aim to further strengthen our circulation base with a focus on quality, consistency, and innovation. In most of the markets, DB has gained market share through its acquisition and new product launch strategies. Industry-first initiatives like Agent CRM and Agent Income Maximization have strengthened the distribution network, enhanced agent loyalty and ensured sustainable long- term growth.

Operating leverageHigh severity · 1 mention
Positive catalyst

Revenue increased to INR 425 million from INR 392 million last year, while EBITDA grew by around 29% year-on-year to INR 148 million compared with INR 115 million last year. The strong profitability improvement highlights the continued recovery and operating leverage within the radio business. On the cost front, newsprint price witnessed some upward pressure during the quarter, primarily due to broader macroeconomic

Management confidenceHigh severity · 1 mention
Constructive

Alongside network expansion, we continue to invest in enhancing the listener experience through a refreshed music strategy, wider song variety and differentiated programming that is receiving encouraging audience response. Backed by our strengthened footprint, strong local connect, focus on premium content, prudent cost optimisation and deep advertiser relationships, we remain confident of delivering sustainable grow

Margin expansionModerate severity · 4 mentions
Positive catalyst

We will begin with an overview of our financial performance for the quarter ended June 30, 2026, followed by key operational updates across our businesses. We started the financial year on a strong note, delivering healthy growth in revenues, improved profitability and continued margin expansion despite a challenging cost environment. Our consolidated total revenue increased by around 8% year-on-year to INR 6,220 mil

Export market updatesModerate severity · 2 mentions
Constructive

Structural Reforms and Trade Integration: With six trade deals signed in the past four years, India now has FTAs with more than half of the world's top importers, with the share set to increase to two-third once the terms of the US FTA are finalised. This is a significant rise since 2021, when India's FTAs offered preferential access to only 17% of its global merchandise export markets by value. Media and Entertainme

Raw material inflationModerate severity · 3 mentions
Risk easing

Advertising demand remained strong across key sectors such as education, real estate, healthcare, automobile and government, supported by improving consumption trends. Your Company remained focused on disciplined cost management and operational efficiencies during the year, which supported stable operating performance and healthy margins despite volatility in newsprint prices, higher raw material costs and foreign ex

Pricing commentaryModerate severity · 1 mention
Caution

Automobile came down from double digit to a single-digit, jewellery around 5%. Kavish Parekh: And any comment on the point that I mentioned earlier, DAVP price increase about 26%-odd. Has that kicked in over the past 2 quarters?

Regulatory updatesModerate severity · 31 mentions
Watch

The importance of non-FCT revenues is expected to increase, contributing around 39% of total radio revenues by 2028 as radio brands evolve into 360-degree media and experience providers. The landscape of Radio sector is excepted to reshape due to regulatory changes recommended by the government allowing private FM radio stations to broadcast independent news and current affairs programming, moving from licensing-led

Regulatory approvalModerate severity · 11 mentions
Watch

In each of these cities, MY FM is the first and only private radio broadcaster, introducing listeners to private FM entertainment for the first time. ¨ The network has also received DAVP rate approval from the Government of India for these stations, enabling it to carry government advertising across the newly operational markets. AWARDS ¨ MY FM won 12 awards across various prestigious platforms and categories, includ

Capacity expansion plansLow severity · 1 mention
Positive catalyst

Actual results may differ materially from those expressed in the statement. Important factors that could influence the Company’s operations include global and domestic demand and supply conditions affecting selling prices, new capacity additions, availability of critical materials and their cost, changes in government policies and tax laws, economic development of the country, geopolitical conditions and other factor

Institutional interestLow severity · 1 mention
Watch

number of complaints pending as on end of the financial year: Nil 9. Details of utilization of funds raised through preferential allotment or qualified institutional placement: No funds were raised through preferential allotment or qualified institutional placement by the Company and hence no disclosure. Details of loans and advances in which Directors are interested: During the financial year 2025-26, no loans and a

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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