D B Corp Ltd
DBCO

D B Corp Ltd (DBCORP)

₹83.052.65%

Key Stats

₹80.9
Day's Price Range
₹83.85
₹77.5
52-Week Price Range
₹125
1 Month Return-15.6 %
3 Month Return-7.81 %
1 Year Return-11.01 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 6
10.06
EPS
Rank 5
₹8.11
BVPS
Rank 7
₹104.19
Dividend Yield
Rank 1
3.33%
ROE
Rank 7
8.05%
Price To Book Ratio
Rank 4
0.78
Debt To Asset
Rank 10
0.28

Company Information

D B Corp Limited DBCL is Indias largest media conglomerate with presence across Print Radio and Digital. The company is headquartered in Bhopal Madhya Pradesh India with over 11000 employees across the country. As Indias largest print media company DBCL publishes 6 newspapers Dainik Bhaskar 46 editions Divya Bhaskar 9 editions Divya Marathi 6 editions Saurashtra Samachar DB Star and DB Post in 4 languages i.e. Hindi Gujarati Marathi and English. DBCL is present across 12 states in India with a footprint in Madhya Pradesh Chhattisgarh Rajasthan Haryana Punjab Chandigarh Himachal Pradesh Delhi Gujarat Maharashtra Jharkhand and Bihar. DBCL is the only media conglomerate that enjoys a leadership position in multiple states in multiple languages and is either a clear leader or a formidable player in all its major markets.The companys other business interests span across radio and digital mediums. In the FM radio segment the brand has a strong presence in 94.3 MY FM available in 7 states and 30 cities creating a valuable package to advertisers in Tier II and III cities where Dainik Bhaskar is already a leader in its print business.DBCL also has a strong online presence with 9 Internet portals with a very formidable and strong position in almost 67 of Indian language media space in terms of Unique Visitors and Page Views. Further it is the dominant No.1 digital player in various Indian languages i.e. Hindi and Gujarati alongside 4 actively available and wellused mobile apps Dainik Bhaskar and Divya Bhaskar.D B Corp Ltd was incorporated on October 27 1995 with the MultiTech Energy Ltd. In December 1 2005 the name of the company was changed from MultiTech Energy Ltd to D B Corp Ltd. As per the scheme of arrangement the business of publication including the assets and liabilities intellectual property rights employees and printing of newspaper under the title Dainik Bhaskar and Divya Bhaskar and the wind farm business of Writers and Publishers Ltd were transferred to the company as a going concern with effect from April 1 2005.In the year 2006 the company launched Ujjain Sagar editions of Dainik Bhaskar and Rajkot Edition of Divya Bhaskar. Also they launched a new edition of Dainik Bhaskar in Punjab. The companys subsidiary Synergy Media Entertainment Ltd acquired 17 licenses for their FM Radio operations and also launched operations in Jaipur. In the year 2007 the company launched Hindi edition of Dainik Bhaskar from Ludhiana. They launched new edition of Divya Bhaskar in Gujarat. Also they entered into a publication license agreement with Diligent Media Corporation Ltd to print edit publish circulate and market the Newspaper DNADaily News Analysis including its supplements After Hrs. DNA Sport DNA Academy DNA Life DNA ME and DNA YA in the entire state of Gujarat. The companys subsidiary Synergy Media Entertainment Ltd launched 13 FM radio stations at various locations in India. In June 2007 as per the scheme of arrangement the internet division of Indiainfo was transferred to the company.In the year 2008 the companys new brand DB Star was published from Indore and Bhopal. They launched Business Bhaskar in Bhopal Indore Raipur Panipat New Delhi Jalandhar and Ludhiana. Also they entered into a publication license agreement with Diligent Media Corporation Ltd to print edit publish circulate and market editions of DNADaily News Analysis including its supplements After Hrs. DNA Sport DNA Academy DNA Life DNA ME and DNA YA in the entire state of Rajasthan. Their subsidiary Synergy Media Entertainment Ltd launched three FM radio stations at Kota Jabalpur and Raipur.During the year 200809 the company launched Dainik Bhaskar in Jagdalpur Bhilai Nagour Pali Ratlam Shimla and Dehradun. In September 2008 they launched Business Bhaskar in New Delhi. In January 6 2010 the equity shares of the company were on listed on National Stock Exchange NSE and Bombay Stock Exchange BSE. In August 2010 the company launched the new edition of Dainik Bhaskar in Ranchi. In September 2010 the company launched Dainik Bhaskar at Bhatinda in Punjab and Itarsi in Madhya Pradesh. Also the company launched full fledged printing centres in Sirohi and Barmet in Rajasthan for their brand Dainik Bhaskar to further strengthen their readership.During the financial year ended 31 March 2014 D B Corp Limited DBCL delivered a robust operating performance amidst a challenging market environment. Focus on sustaining and extending leadership in core markets consistent focus on operational efficiencies as well as strong performance across print and nonprint segments have enabled the company to report significant growth. Associations with leading media brands for exclusive unique content and realignment of corporate sales and marketing strategy with the aim of providing greater focus to advertisers at every state level has contributed extensively in achieving the growth.With the necessary strategic platform already set at the start of the year the company was able to capture higher ad revenue from regional markets under various segments.In Maharashtra the company launched new editions at Akola and Amaravati. Divya Marathi maintained strong growth momentum across all 7 editions during the year. Apart from further building readership in the existing markets the company also entered into the state of Bihar with the launch of Patna edition in Q4 March 2014. On the infrastructure front the company continued to invest in upgrading the printing facilities to provide quality product at all the locations and building efficiencies of advanced technology.On the corporate front DBCL integrated its internet and interactive mobile services business which was housed in its whollyowned subsidiary I Media Corp Ltd. IMCL by demerging the same from IMCL and merging into DBCL. The demerger which was approved by the High Court of Madhya Pradesh Principal Seat at Jabalpur vide its order dated 27 March 2014 became effective from 1 April 2013 Appointed Date. This demerger brought the 3 major segments viz. Print Radio Internet under one company. As a result of this demerger DBCLs whollyowned subsidiary IMCL now carries out only events related business.During the year DBCL sold its entire stake of 51 held in Divya Prabhat Publications Private Limited DPPPL to Mr. Prabhat Sojatia and Mr. Sunil Sojatia by terminating the Shareholders Agreement dated 1 October 2011 executed between the two companies and members of the Sojatia family. Accordingly DPPPL had ceased to be a subsidiary of DBCL effective close of business hours on 30 June 2013.During the financial year ended 31 March 2015 D B Corp Limited DBCL continued to focus on strengthening its presence in the existing markets of Rajasthan Madhya Pradesh Chhattisgarh Gujarat Chandigarh Punjab Haryana and Himachal Pradesh in its print media business.D B Corp Limited DBCL implemented advertisement yield strategy agenda by taking a substantial hike in print media advertising rates at the beginning of financial year 201516. It faced some resistance from advertisers and media agencies initially and hence the advertising revenue growth witnessed yearly decline.During the year DBCL successfully completed its Bihar rollout. The company launched new editions in Bhagalpur Gaya and Muzaffarpur besides 7 district editions thus extending its reach and presence to the entire geography of Bihar. The company launched a broadsheet English language newspaper DB Post from Bhopal. DB Post is a compact smart product catering to the youth and English readership. It was launched as a crisp product to fill an important reader demand in the region and has met with satisfactory interest.During the year the company launched Money Bhaskar App the first Multilingual Business app in India on the iOS and Android platforms. DBCLs Radio Business continued to perform exceptionally well in 201516. During the year the radio business bagged new station license for 13 new radio stations in major Tier II cities of India in majority of which DBCL has presence in print business as well.With regard to Digital Business www.dainikbhaskar.com introduced video bulletin that enables the users to see and hear the news rather than just reading it crossing a 13 million video view during the month of March 2016. It helped to increase engagement and to cross the language barrier and tap the English reader who also watches Hindi video.During the year www.moneybhaskar.com was launched in Gujarati for more localized and focused business news catering to the large Gujarati diaspora and business community.DB Digital introduced two new websites gadgets.bhaskar.com and food.bhaskar.com during the year under review. DB Digital saw a phenomenal growth in FY 201516 in terms of Unique Visitors UV and Page per Visit PV. DB Digital subsuming of eleven digital portals has breached 1197 million PV and 34 million UV mark.During the financial year ended 31 March 2017 D B Corp Limited DBCL maintained its focus on editorial strategy which has led to significant improvement in quality of editorial content greater readership delight and growth. As per Press In India Report 201516 prepared by Registrar of Newspapers of India RNI Dainik Bhakar becomes the nations largest circulated multiedition daily. Dainik Bhaskar was awarded ISO9001:2015 certification for Quality Management Systems in its newspaper distribution function and is probably the only newspaper organisation in India to receive such certification.The companys Radio Business continued to perform exceptionally well in FY 201617. DB Digital saw a phenomenal growth in FY 201617 in terms of Unique Visitors UV and Page per Visit PV. During FY 201617 DB Digital leveraged its various assets. DBCL introduced a live video streaming platform called Bhaskar Live and a UGC video platform for its readers to share their live feeds and reach out to 90 million users.On 1 August 2016 DBCL launched its real estate portal homeonline.com. It offers end to end services to home buyers from purchase to shifting into new house offering value added services Vaastu compliance home decor furnishings maintenance etc. In a span of 8 months Homeonline.com served more than 100K property seekers online connecting 10000 property owners with home seekers in Bhopal and Raipur.During the year under review DBCL diluted its entire shareholding in I Media Corp Limited IMCL to DB Infomedia Pvt. Ltd. DBIPL for a lumpsum consideration thereby making it a stepdown subsidiary of the company and a whollyowned subsidiary of DBIPL.During the year DBCL consolidated its shareholding held in DBIPL by purchase of 5000 shares from the minority shareholder. The said purchase was in accordance with the terms of Share Subscription and Shareholders Agreement dated 16 April 2015 executed by the company with the minority shareholder and DBIPL. Consequent to the purchase DBIPL has become whollyowned subsidiary of DBCL.As per the terms of Share Subscription and Shareholders Agreement executed by DBCL with DBIPL and the minority shareholder DBCL had subscribed to 1000000 0.01 Compulsorily Convertible Debentures CCDs of Rs. 10/ each. As per the terms of issue the said CCDs were converted into equivalent number of equity shares and accordingly 1000000 equity shares of face value of Rs. 10/ each were allotted to DBCL by the Board of DBIPL.During the year under review upon recommendations of the Audit Committee the Board of Directors of DBCL at its meeting held on 19 January 2017 approved a Composite Scheme of Arrangement and Amalgamation between DBCL and its subsidiaries I Media Corp Limited IMCL / Transferor Company and DB Infomedia Private Limited DBIPL / Demerged Company / Transferee Company. Under this Composite Scheme IMCL was proposed to be amalgamated into DBIPL and thereafter the Internet Business of DBIPL was to be hivedoff / demerged into DBCL. The said Composite Scheme was approved by the Board of respective subsidiary companies as well. However at the meeting held on 18 May 2017 the Board of Directors upon recommendation of the Audit Committee reevaluated the validity of the above Scheme and came to the conclusion that in light of the current business environment the proposed Composite Scheme will no longer give any extra benefits to the company and its stakeholders. Hence a decision was taken to withdraw the Composite Scheme of Arrangement and Amalgamation as aforesaid and not to be acted upon further.During the financial year ended 31 March 2018 D B Corp Limited DBCL maintained its focus on editorial strategy which has led to significant improvement in quality of editorial content greater readership delight and growth. Dainik Bhaskar newspaper continues to be the Nations largest circulated multiedition daily as per Press In India Report 201617 prepared by the Registrar of Newspapers of India RNI. During FY 201718 the companys circulation strategy was complemented by strong editorial and product enrichment efforts along with unique and impactful reader engagement initiatives. During the year under review the company executed a challenging and ambitious Circulation Expansion strategy in its legacy markets of Rajasthan Gujarat and in the newer market of Bihar. The circulation copies increased from an average of 50.4 lakh copies at the start of the initiative in July 2017 to 57.9 lakh copies by the end of the year i.e. a growth of around 15 in a 9months period and this entire circulation increase was achieved at a higher cover price.Dainik Bhaskar also marked their expansion into Gujarat and launched the Surat edition on 30 April 2017 establishing a strong presence in a large cosmopolitan city with almost 28 lakhs of the nonGujarati speaking population. Dainik Bhaskar successfully tapped the existing potential amongst Surats nonGujarati speaking multicultural industrialised households who have migrated from neighbouring states like Rajasthan NCR Punjab Haryana UP Bihar Jharkhand and Uttarakhand. The companys Radio Business continued to perform exceptionally well in FY 201718. MY FM completed the fastest roll out of all 13 newly acquired stations under Batch I of Phase III and expanded the companys reach to 7 states across 30 cities being the largest player in the Rest of Maharashtra and No. 1 in Chandigarh / Haryana / Punjab / Rajasthan / Madhya Pradesh and Chhattisgarh. Innovative and unique activation initiatives were undertaken throughout the fiscal that strengthened 94.3 MY FMs connect with listeners and leading consumer brands alike.During the year under review DB Digitals focus was strongly on technology for continuous optimisation better user engagement and maximising ROI to advertisers. DB Digital launched Wisdom an inhouse analytics and data intelligence proprietary tool that supports the editorial team with realtime insights on content. The companys real estate portal homeonline.com served more than 1.3 mn homeseeking users online connecting 80000 home seekers with property owners/ builders in Bhopal Raipur Indore Jaipur and Ahmedabad. More than 75000 properties and 900 projects were made available to home seekers in Bhopal Raipur Indore Jaipur and Ahmedabad. DBCLs shareholders approved Buyback proposal for buyback of up to 9200000 fully paidup equity shares of Rs. 10/ each being approx. 5 of the total paidup equity share capital of the Company as on 31st March 2018 at a price of Rs. 340/ per equity share on a proportionate basis through tender offer for an aggregate amount of Rs. 312.80 crore excluding transaction cost viz. brokerage applicable taxes such as securities transaction tax stamp duty and goods and service tax etc.. The approval for Buyback proposal was accorded by the shareholders of the company by passing the enabling Special Resolution through Postal Ballot as per statutory requirements in this regard the results of which were declared by the company on 7 July 2018. The Record Date for determining the eligibility of the shareholders to participate in the Buyback is set as 18 July 2018. The company will be completing the Buyback within 12 months from the date of Special Resolution passed approving the proposed Buyback.During FY 2019 the Company launched new readers engagement scheme Run Banao Karodon Ke Inaam Paao to encash the ensuing cricket season starting from IndiaAustralia series followed by IPL and then ICC World Cup. Shikhar Dhawan was roped in as an ambassador to garner interest among nonreaders which duly reflected in the circulation number.In FY 2019 the Company launched Mahabharat 2019 an exclusive drive at PanIndia level on Lok Sabha election with the introduction of special election jacket and special election pages. The initiative continues to gather huge readership appeal through various special properties on election with the aim to bring extensive ground coverage and indepth analysis for its readers.MY FM concluded a massive 360degree campaign Aapki Marzi for its listeners in Maharashtra in order to keep the content in sync with the listeners expectations. Marathi content was expanded across the stations in the state basis the feedback received. MY FM launched this new show to infuse fun positive and lighthearted listening during the late evening time featuring the nonclich onair friend Dev in FY19.In FY 2019 the company launched Paison ka Ped in 11 cities Indias First Radio Reality Show where people from various walks of life are selected through a series of auditions and interviews. In FY 2019 MY FM Jashn concluded in Jaipur and Indore. Events were starred by two mega artist Vipul Goel Standup Comedian and Kavi Sammelan Kumar Vishwas and Team which was attended by over 10000 audiences in both the cities. In FY19 MY FM concluded the largest painting competition in Tier II and III markets with a participation of 2.7 Lakh kids for Rangrezz Season 5.In Print business the Hansa Research Group undertook a commissioned Bihar Readership Research in July 2018 to gauge the readership of various Hindi Newspapers their readership profile key product consumptions readers engagement and brand satisfaction. As per this readership report Dainik Bhaskar was at No. 2 position with an Average Issue Readership AIR of 9.11 Lakh while the legacy player had an AIR of 9.98 Lakh readers.
OrganisationD B Corp Ltd
HeadquartersAhmedabad
IndustryMedia - Print/Television/Radio