Bhaskar

Ahmedabad, India Founded: 2019 • Age: 7 yrs Listed
Provides a platform for placing ads in online classifieds.
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About Bhaskar

Bhaskar is a publicly listed company based in Ahmedabad (India) founded in 2019 by Arjun Agarwal. It provides a platform for placing ads in online classifieds. It operates on a B2C model. The company has 4,218 employees. Its website bhaskarad.com draws about 14 thousand monthly visits. Its Indian entity D.B. Corp Limited reported revenue of ₹2,421 Cr. Its focus areas include Media and Advertising, Classified Services, Online Advertising and Classified Platforms. Its competitors include Flytedesk, Zadspace, Adnymics, Valassis and AdStrix and 3 more; 3 of its 8 listed competitors have raised funding.

Company details

Bhaskar, established in 2019, excels in media and advertising, classified services, online advertising, and classified platforms. Provides a platform for placing ads in online classifieds. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.

  • Headquarters Ahmedabad, India
  • Employees 4,218
  • Founders Arjun Agarwal
  • Stage Public
  • Sectors
    Media & Entertainment
  • Website bhaskarad.com
  • Social X Facebook
  • Legal Name D.B. Corp Limited
  • Date of Incorporation 27 Oct, 1995
  • Jurisdiction Ahmedabad, Gujarat, India
Operational Areas
Media & Entertainment → Social Platforms
Key Metrics
  • Market Cap
    ₹2,907 Cr

    DBCORP · NSE

  • Share Price
    ₹158.14

    -3.02% today

  • Revenue
    ₹2,356 Cr

    FY 2025-26 · +0.7% YoY

  • EBITDA
    ₹488 Cr

    Margin 20.7%

  • Net Profit
    ₹333 Cr

    FY 2025-26 · -10.5% YoY

  • P/E (TTM)
    8.9x

    P/B 1.2x

  • ROE
    14.3%

    ROCE 17.4%

  • Debt / Equity
    0.12

    Interest cover 6.7x

  • Employee Count
    4,218

Board of directors of D.B. Corp Limited (Bhaskar)

D.B. Corp Limited is the primary company behind Bhaskar. The board of D.B. Corp Limited currently have 6 directors; the longest-serving is Girish Agarwal, appointed in 1995. 15 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Girish Agarwal
DIN 00051375
Director27 Oct 199530 yrs 11 moD.B. Corp Limited
Pawan Agarwal
DIN 00465092
Whole-time director10 Dec 200520 yrs 10 moD.B. Corp Limited
Sudhir Agarwal
DIN 00051407
Managing Director10 Dec 200520 yrs 10 moD.B. Corp Limited
Santosh Desai
DIN 01237902
Director21 Oct 20206 yrsD.B. Corp Limited
Paulomi Romi Dhawan
DIN 01574580
Director28 Jul 20224 yrs 2 moD.B. Corp Limited
Runit Kishor Shah
DIN 00064657
Director16 Jan 20251 yr 9 moD.B. Corp Limited

People of Bhaskar

1 people are tracked at Bhaskar (1 in leadership); the tracked headcount is 4,218.

NameRoleGroup
Arjun Agarwal
Co-FounderLeadership
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Complete people profiles for Bhaskar

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IPO & Listings of Bhaskar

Bhaskar is a publicly listed company on the NSE with ticker symbol DBCORP in India, operating in the Media - Print/Television/Radio sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: DBCORP
  • Listed entityD.B. Corp Limited
  • Exchange sectorMedia - Print/Television/Radio

Financials of Bhaskar

Exchange-reported figures of D.B. Corp Limited, the listed company behind Bhaskar (NSE: DBCORP).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹2,356 Cr
+0.7% YoY
EBITDA
₹488 Cr
-10.4% YoY
Profit After Tax
₹333 Cr
-10.5% YoY
Net Worth
₹2,429 Cr
+9.2% YoY
Total Assets
₹2,825 Cr
+7.5% YoY
Total Debt
₹262 Cr
-7.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,3562,3392,4022,1291,7691,5082,224
Revenue growth+0.7%-2.6%+12.8%+20.4%+17.3%-32.2%-
EBITDA488545623322303305482
EBITDA margin+20.7%+23.3%+26.0%+15.1%+17.1%+20.2%+21.7%
Profit before tax448499565228195193348
Net profit333372420170144134277
Net profit margin+14.1%+15.9%+17.5%+8.0%+8.2%+8.9%+12.5%
EPS (₹)18.6320.8223.899.508.058.0815.72
Balance sheet
Total assets2,8252,6282,5842,2552,1672,1402,087
Net worth2,4292,2252,2211,9481,8821,8231,678
Total debt262283253213199248345
Cash & bank8761,007551147517312135
Net working capital1,2771,448912593933808738
Cash flow
Cash from operations365414579244371374363
Cash from investing(173)(11.45)(380)(144)(224)(137)(154)
Cash from financing(208)(366)(194)(132)(155)(151)(307)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue581604576605614559548643
Revenue growth (YoY)-5.5%+7.9%+5.3%-5.8%+9.9%-5.2%--
Other income33.4628.3013.1824.0620.2627.7919.1312.99
EBITDA90.8713610413513811182.59177
EBITDA margin+15.6%+22.6%+18.1%+22.3%+22.5%+19.8%+15.1%+27.6%
Depreciation25.2924.4125.5524.8325.1724.2824.3824.41
Interest6.186.106.825.646.986.526.545.70
Profit before tax92.8613485.2112912610870.80160
Tax24.2433.4823.0133.2532.7926.7718.4541.84
Net profit68.6210162.2095.5193.4680.8452.35118
EPS (₹)3.855.653.495.365.244.532.946.63
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,3552,3382,4002,1281,7691,5082,224
Revenue growth+0.7%-2.6%+12.8%+20.3%+17.3%-32.2%-
EBITDA488545622321303305481
EBITDA margin+20.7%+23.3%+25.9%+15.1%+17.1%+20.2%+21.7%
Profit before tax447498564227195193348
Net profit333372419169145134277
Net profit margin+14.1%+15.9%+17.5%+8.0%+8.2%+8.9%+12.4%
EPS (₹)18.6120.8023.839.448.048.0815.71
Balance sheet
Total assets2,8272,6312,5872,2582,1722,1442,092
Net worth2,4312,2272,2241,9521,8871,8281,683
Total debt262283253213199248345
Cash & bank8721,004548146515311134
Net working capital1,2731,445908591932807737
Cash flow
Cash from operations365414578244371374363
Cash from investing(172)(12.05)(380)(144)(224)(137)(154)
Cash from financing(208)(366)(194)(132)(155)(151)(307)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue581604576605614559548642
Revenue growth (YoY)-5.4%+7.9%+5.2%-5.7%+9.8%-5.2%--
Other income33.4328.2613.1324.0120.2127.7519.0812.93
Total expenses490467472470476449465465
EBITDA90.8713610413513811182.66177
EBITDA margin+15.6%+22.6%+18.1%+22.3%+22.5%+19.8%+15.1%+27.6%
Depreciation25.2924.4125.5524.8325.1724.2824.3824.41
Interest6.186.106.825.646.986.526.545.70
Profit before tax92.8313485.2512912610870.82160
Tax24.2433.4823.0033.2532.7926.7718.4441.84

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 21 Oct 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue581604576605614559548643
Revenue growth (YoY)-5.5%+7.9%+5.3%-5.8%+9.9%-5.2%--
Other income33.4628.3013.1824.0620.2627.7919.1312.99
EBITDA90.8713610413513811182.59177
EBITDA margin+15.6%+22.6%+18.1%+22.3%+22.5%+19.8%+15.1%+27.6%
Depreciation25.2924.4125.5524.8325.1724.2824.3824.41
Interest6.186.106.825.646.986.526.545.70
Profit before tax92.8613485.2112912610870.80160
Tax24.2433.4823.0133.2532.7926.7718.4541.84
Net profit68.6210162.2095.5193.4680.8452.35118
EPS (₹)3.855.653.495.365.244.532.946.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,3562,3392,4022,1291,7691,5082,224
Revenue growth+0.7%-2.6%+12.8%+20.4%+17.3%-32.2%-
Other income85.2882.0979.9839.0320.0027.6812.48
Total expenses1,8671,7941,7791,8071,4661,2031,742
Employee cost460444432387375379418
EBITDA488545623322303305482
EBITDA margin+20.7%+23.3%+26.0%+15.1%+17.1%+20.2%+21.7%
Depreciation99.83104114112110115121
Interest25.9724.7323.7821.2818.1924.3125.11
Profit before tax448499565228195193348
Tax11612814058.7752.1051.8373.18
Net profit333372420170144134277
Net profit margin+14.1%+15.9%+17.5%+8.0%+8.2%+8.9%+12.5%
EPS (₹)18.6320.8223.899.508.058.0815.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital178178178178177175175
Reserves & surplus2,2512,0462,0431,7701,7051,6481,503
Shareholders' funds (net worth)2,4292,2252,2211,9481,8821,8231,678
Minority interest0.000.000.000.000.000.000.00
Secured loans14.5430.8412.059.3910.9013.90112
Unsecured loans248252241203188234233
Total debt262283253213199248345
Total liabilities2,8252,6282,5842,2552,1672,1402,087
Assets
Gross block2,5212,3492,3342,2482,2722,2432,157
Net block1,0979971,0591,0731,1541,2021,221
Capital work in progress9.899.642.390.870.180.440.87
Investments67.3568.6066.5165.9013.8214.3318.15
Inventories215254187214215233253
Sundry debtors464452510466479497631
Cash & bank balances8761,007551147517312135
Loans & advances92.3516272.0589.6280.2981.2785.71
Total current assets1,6481,8751,3209171,2911,1241,104
Total current liabilities371426409324358316367
Net working capital1,2771,448912593933808738
Total assets2,8252,6282,5842,2552,1672,1402,087
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash12285.1580.5311312033.71132
Net cash from operating activities365414579244371374363
Net cash from investing activities(173)(11.45)(380)(144)(224)(137)(154)
Net cash from financing activities(208)(366)(194)(132)(155)(151)(307)
Net change in cash(15.65)36.744.62(32.02)(7.42)86.27(97.90)
Closing cash8761,007551147517312135
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+0.7%-2.6%+12.8%+20.4%+17.3%-32.2%-
EBITDA growth-10.4%-12.6%+93.5%+6.4%-0.6%-36.7%-
PBT growth-10.2%-11.8%+148.2%+17.1%+0.7%-44.5%-15.9%
Net income growth-10.5%-11.5%+147.1%+17.9%+7.7%-51.6%-
Revenue CAGR (3Y)+3.4%+9.8%+16.8%-1.4%-10.5%-13.3%-0.5%
EBITDA CAGR (3Y)+14.9%+21.6%+26.9%-12.5%-15.6%-18.5%-9.2%
Profitability & leverage
Net income margin+14.1%+15.9%+17.7%+7.9%+8.1%+9.4%+12.4%
Return on capital employed+17.4%+20.1%+24.4%+11.3%+9.9%+10.3%+18.6%
Return on net worth+14.3%+16.7%+20.4%+8.8%+7.7%+8.1%+15.7%
Debt / equity0.120.120.110.110.120.170.11
Long-term debt / equity0.080.090.080.080.080.090.04
Interest cover6.685.614.6710.139.4312.806.96
Efficiency & per share
Fixed asset turnover0.971.001.050.940.780.691.14
Inventory turnover10.0410.6111.979.927.886.208.85
Debtors turnover5.144.864.924.513.622.673.51
EPS (₹)18.6320.8223.899.508.058.0815.72
Dividend per share (₹)7.0012.0013.006.005.003.0010.00
Book value per share (₹)136.26124.85124.71109.45106.32104.1995.93
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue581604576605614559548642
Revenue growth (YoY)-5.4%+7.9%+5.2%-5.7%+9.8%-5.2%--
Other income33.4328.2613.1324.0120.2127.7519.0812.93
Total expenses490467472470476449465465
EBITDA90.8713610413513811182.66177
EBITDA margin+15.6%+22.6%+18.1%+22.3%+22.5%+19.8%+15.1%+27.6%
Depreciation25.2924.4125.5524.8325.1724.2824.3824.41
Interest6.186.106.825.646.986.526.545.70
Profit before tax92.8313485.2512912610870.82160
Tax24.2433.4823.0033.2532.7926.7718.4441.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,3552,3382,4002,1281,7691,5082,224
Revenue growth+0.7%-2.6%+12.8%+20.3%+17.3%-32.2%-
Other income85.1081.9079.8438.9719.8427.6412.42
Total expenses1,8671,7941,7781,8071,4661,2031,742
Employee cost460444432387375379418
EBITDA488545622321303305481
EBITDA margin+20.7%+23.3%+25.9%+15.1%+17.1%+20.2%+21.7%
Depreciation99.83104114112110115121
Interest25.9624.7323.7821.2718.1824.3125.11
Profit before tax447498564227195193348
Tax11612814058.7652.0851.8273.17
Net profit333372419169145134277
Net profit margin+14.1%+15.9%+17.5%+8.0%+8.2%+8.9%+12.4%
EPS (₹)18.6120.8023.839.448.048.0815.71
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital178178178178177175175
Reserves & surplus2,2522,0492,0451,7741,7101,6531,508
Shareholders' funds (net worth)2,4312,2272,2241,9521,8871,8281,683
Secured loans14.5430.8412.059.3910.9013.90112
Unsecured loans248252241203188234233
Total debt262283253213199248345
Total liabilities2,8272,6312,5872,2582,1722,1442,092
Assets
Gross block2,5172,3442,3302,2442,2682,2392,152
Net block1,0959951,0571,0711,1521,2001,219
Capital work in progress9.899.652.390.870.180.440.87
Investments75.2176.4674.3673.7621.6722.1926.01
Inventories215254187214215233253
Sundry debtors464452510466479497631
Cash & bank balances8721,004548146515311134
Loans & advances92.3116271.9289.6180.7081.6486.22
Total current assets1,6441,8711,3179151,2901,1231,104
Total current liabilities371426409324358316367
Net working capital1,2731,445908591932807737
Total assets2,8272,6312,5872,2582,1722,1442,092
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash12083.8980.1611212033.39131
Net cash from operating activities365414578244371374363
Net cash from investing activities(172)(12.05)(380)(144)(224)(137)(154)
Net cash from financing activities(208)(366)(194)(132)(155)(151)(307)
Net change in cash(14.82)35.863.73(31.95)(7.56)86.27(98.03)
Closing cash8721,004548146515311134
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+0.7%-2.6%+12.8%+20.3%+17.3%-32.2%-
EBITDA growth-10.4%-12.5%+93.8%+6.1%-0.6%-36.7%-
PBT growth-10.2%-11.7%+148.8%+16.6%+0.7%-44.5%-15.9%
Net income growth-10.5%-11.4%+147.9%+17.0%+8.0%-51.6%-
Revenue CAGR (3Y)+3.4%+9.8%+16.8%-1.5%-10.5%-13.3%-0.5%
EBITDA CAGR (3Y)+15.0%+21.6%+26.9%-12.6%-15.6%-18.6%-9.3%
Profitability & leverage
Net income margin+14.1%+15.9%+17.7%+7.9%+8.1%+9.4%+12.4%
Return on capital employed+17.4%+20.1%+24.3%+11.2%+9.9%+10.3%+18.5%
Return on net worth+14.2%+16.7%+20.3%+8.8%+7.7%+8.1%+15.6%
Debt / equity0.120.120.110.110.120.170.11
Long-term debt / equity0.080.090.080.080.080.090.04
Interest cover6.695.614.6810.179.4312.816.96
Efficiency & per share
Fixed asset turnover0.971.001.050.940.780.691.14
Inventory turnover10.0410.6111.969.917.886.208.85
Debtors turnover5.144.864.924.503.622.673.51
EPS (₹)18.6120.8023.839.448.048.0815.71
Dividend per share (₹)7.0012.0013.006.005.003.0010.00
Book value per share (₹)136.37124.97124.86109.66106.58104.4696.22

Competitors of Bhaskar

Bhaskar has 8 listed competitors in our database, 3 of them funded. They include Flytedesk, Zadspace, Adnymics, Valassis and AdStrix, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Flytedesk
flytedesk.com2012Boulder, United States$5.38M–
College students are targeted through an automated ad buying platform.
Zadspace
zadspace.com2006Norwalk, United States$13.7M–
-
Adnymics
adnymics.com2014Munich, Germany–19
Customized package inserts are generated for retailers via cloud platform.
Valassis
valassis.com1970Livonia, United States–4,053
Local marketing management solutions for businesses
AdStrix
adstrix.com2011Ramat Gan, Israel$550,000–
Provider of programmatic print media ad network
FastChannel
fastchannel.com1993Needham, United States––
Press display advertising management and digital distribution are provided.
releaseMyAd
releasemyad.com2009Kolkata, India–23
Online service for booking and managing newspaper ads efficiently in India.
Brainworks
brainworks.com2010Sayville, United States–31
Technology solutions for media publishing automation are offered.
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Detailed competitors of Bhaskar

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Web traffic of Bhaskar

The website of Bhaskar (bhaskarad.com) receives about 13.6K visits a month.

  • Monthly visits
    13.6K

    ▲ 62.4% vs previous month

Similar websites

Websites whose visitors overlap most with Bhaskar. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Bookmyad
bookmyad.com
93%
27.1K#650,867View details

Top companies in Social Platforms

10 companies that operate in the same segment as Bhaskar (Social Platforms), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Kuaishou Technology
Social platform for sharing short videos
2011Haidian, Beijing, ChinaUSD 4.79 BUSD 17.72 B6,336
Facebook
Online social networking and communication services are provided globally.
2004Menlo Park, California, United StatesUSD 1.77 B–23,339
Twitch
ESports social video streaming platform
2006San Francisco, California, United StatesUSD 35.12 M––
Substack
Subscription-based platform for publishers' content management is provided.
2017San Francisco, California, United StatesUSD 189.5 MUSD 1.45 M4,285
Strava
Subscription-based social networking platform for runners and cyclists
2009San Francisco, California, United StatesUSD 180 M–999
YouTube
User-generated videos and content are shared and streamed online.
2005San Bruno, California, United StatesUSD 11.5 M––
MeetMe
New people are connected via a GPS-enabled social platform.
2005New Hope, United StatesUSD 37.9 M––
Weibo
Micro-blogging platform for real-time updates and multimedia sharing is operated.
2009Beijing, ChinaUSD 586 M––
MyHeritage
Provider of DNA testing services to create a family tree and ancestor
2003Yehud, Central District, IsraelUSD 40 M––
ClassDojo
Real-time classroom behavior feedback is delivered to students by teachers.
2011San Francisco, California, United StatesUSD 221.22 M–521
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Frequently Asked Questions about Bhaskar

Bhaskar was founded in 2019.

Bhaskar is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

Bhaskar has 4,218 employees.

The primary company behind Bhaskar, D.B. Corp Limited, reported revenue of ₹2,421 Cr for FY 2025, down 2% year on year.

Bhaskar, established in 2019, excels in media and advertising, classified services, online advertising, and classified platforms. Provides a platform for placing ads in online classifieds. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.

Bhaskar's top competitors include Adnymics, Valassis and releaseMyAd.

Yes, Bhaskar is publicly traded on NSE under the ticker symbol DBCORP.

Bhaskar operates through D.B. Corp Limited.

The legal entities of Bhaskar currently have 8 directors, including Pawan Agarwal, Paulomi Romi Dhawan, Sudhir Agarwal and others.

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