India's Richest People 2026 edition · 3 directors · Source: Hurun India
- #1,608 Sudhir Agarwal ₹1,200 Cr
- #1,608 Pawan Agarwal ₹1,200 Cr
- #1,608 Girish Agarwal ₹1,200 Cr
Market Cap
₹2,743 Cr
DBCORP · NSE
Share Price
₹147.42
-4.20% 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)
8.6x
P/B 1.1x
ROE
14.3%
ROCE 17.4%
Debt / Equity
0.12
Interest cover 6.7x
About D.B. Corp Limited
Data last updated:
D.B. Corp Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Db Consolidated Private Limited. It operates in the television and radio broadcasting segment of the media and publishing sector. It was incorporated on 27 October 1995 and has been in existence for over 31 years.
Its director Sudhir Agarwal is #1,608 among India's richest people (2026). Its director Pawan Agarwal is #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L22210GJ1995PLC047208. Its GSTIN is 24AACCM5772G1ZH (Gujarat). The company holds 39 GST registrations, of which 33 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 533151 and NSE: DBCORP.
The company has an authorised share capital of ₹250 Cr and a paid-up capital of ₹178.25 Cr. It was formerly known as Multi Tech Energy Limited. It is led by directors including Sudhir Agarwal (Managing Director) and Pawan Agarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 02 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Second Floor The Mangaldeep Capital Opposite Gulab Residency, Near Cims Hospital Cross Road Science City Road Sola Ahmedabad, Gujarat, India – 380060.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,355.52 Cr, a growth of 0.7% compared to the previous year. For the same year it recorded a net profit of ₹332.94 Cr (net margin 14.1%) and EBITDA of ₹488.33 Cr (EBITDA margin 20.7%). The net worth stands at ₹2,428.81 Cr (up 9.2% YoY). Total assets are valued at ₹2,825.39 Cr (up 7.5% YoY).
The company has about 4,218 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 4 brands: Divya Bhaskar, Bhaskar, DB Corp and D B Corp. As per MCA filings, the company has open charges of ₹189 Cr and satisfied charges of ₹908.85 Cr on record. Court records list 2,078 cases involving the company, including 1,562 filed by the company and 517 filed against it; 710 cases are pending. The company has 20 deals on record (9 market trades, 6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹42.62 Cr; the latest was in September 2022. Its 3 peer companies in the Media and Publishing industry (Print Media, TV and Radio Broadcasting), with the same principal business activity (publishing of newspapers, books, periodicals, etc. activities) are compared by revenue, 3 smaller; the largest is Ushodaya Enterprises Private Limited with revenue of ₹2,267.78 Cr. The company has 16 MSME Form 1 returns on record between 2017 and 2024, listing 296 overdue payments to 85 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhaskarnet.com.
Company details
CIN L22210GJ1995PLC047208
Registration Number 047208
Incorporation Date 27 October 1995
ROC Ahmedabad
Listing Status Listed - Listed on NSE (DBCORP); Listed on BSE (533151)
Company Status Active
Date of Last AGM 02 September 2026
Date of Balance Sheet 31 March 2026
Parent Company Db Consolidated Private Limited
Compliance Status Active Compliant
CIN history
D.B. Corp has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L22210GJ1995PLC047208, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L22210GJ1995PLC047208 | Current |
| U22210GJ1995PLC047208 | Previous |
| U22210GJ1985PLC047208 | Previous |
Key People
Sudhir Agarwal Managing Director Pawan Agarwal Whole-Time Director Paulomi Romi Dhawan Director Recognitions & Rankings of D.B. Corp
Contact details
D.B. Corp Limited's registered office is in Ahmedabad, Gujarat. Its website is bhaskarnet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSecond Floor The Mangaldeep Capital Opposite Gulab Residency, Near Cims Hospital Cross Road Science City Road Sola Ahmedabad, Gujarat, India – 380060
- IndustryMedia and Publishing, Television & Radio Broadcasting, Print Media & Publishing
To see the full contact details of D.B. Corp Limited, buy the company report.
Comprehensive company report
D.B. Corp Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
D.B. Corp operates multiple associated brands including Divya Bhaskar, Bhaskar, and DB Corp. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| News publishing, digital content delivery, and multimedia services in India. | divyabhaskar.co.in | |
| Provides a platform for placing ads in online classifieds. | bhaskarad.com | |
| Newspaper publications, digital content, and radio broadcasting services are provided. | bhaskarnet.com | |
| Daily newspapers are published by D B Corp in India. | dbcorpltd.com |
Business activity
The main business activity of D.B. Corp is information and communication. In detail, this covers publishing of newspapers, books, periodicals, etc. activities and other information & communication service activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J1 | Publishing of Newspapers, Books, periodicals, etc. activities | |
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of D.B. Corp Limited, buy the company report.
Financials of D.B. Corp Limited
FY 2025-26 filings availableD.B. Corp Limited reported revenue of ₹2,355.52 Cr (up 0.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,356 | 2,339 | 2,402 | 2,129 | 1,769 | 1,508 | 2,224 |
| Revenue growth | +0.7% | -2.6% | +12.8% | +20.4% | +17.3% | -32.2% | - |
| EBITDA | 488 | 545 | 623 | 322 | 303 | 305 | 482 |
| EBITDA margin | +20.7% | +23.3% | +26.0% | +15.1% | +17.1% | +20.2% | +21.7% |
| Profit before tax | 448 | 499 | 565 | 228 | 195 | 193 | 348 |
| Net profit | 333 | 372 | 420 | 170 | 144 | 134 | 277 |
| Net profit margin | +14.1% | +15.9% | +17.5% | +8.0% | +8.2% | +8.9% | +12.5% |
| EPS (₹) | 18.63 | 20.82 | 23.89 | 9.50 | 8.05 | 8.08 | 15.72 |
| Balance sheet | |||||||
| Total assets | 2,825 | 2,628 | 2,584 | 2,255 | 2,167 | 2,140 | 2,087 |
| Net worth | 2,429 | 2,225 | 2,221 | 1,948 | 1,882 | 1,823 | 1,678 |
| Total debt | 262 | 283 | 253 | 213 | 199 | 248 | 345 |
| Cash & bank | 876 | 1,007 | 551 | 147 | 517 | 312 | 135 |
| Net working capital | 1,277 | 1,448 | 912 | 593 | 933 | 808 | 738 |
| Cash flow | |||||||
| Cash from operations | 365 | 414 | 579 | 244 | 371 | 374 | 363 |
| Cash from investing | (173) | (11.45) | (380) | (144) | (224) | (137) | (154) |
| Cash from financing | (208) | (366) | (194) | (132) | (155) | (151) | (307) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 581 | 604 | 576 | 605 | 614 | 559 | 548 | 643 |
| Revenue growth (YoY) | -5.5% | +7.9% | +5.3% | -5.8% | +9.9% | -5.2% | - | - |
| Other income | 33.46 | 28.30 | 13.18 | 24.06 | 20.26 | 27.79 | 19.13 | 12.99 |
| EBITDA | 90.87 | 136 | 104 | 135 | 138 | 111 | 82.59 | 177 |
| EBITDA margin | +15.6% | +22.6% | +18.1% | +22.3% | +22.5% | +19.8% | +15.1% | +27.6% |
| Depreciation | 25.29 | 24.41 | 25.55 | 24.83 | 25.17 | 24.28 | 24.38 | 24.41 |
| Interest | 6.18 | 6.10 | 6.82 | 5.64 | 6.98 | 6.52 | 6.54 | 5.70 |
| Profit before tax | 92.86 | 134 | 85.21 | 129 | 126 | 108 | 70.80 | 160 |
| Tax | 24.24 | 33.48 | 23.01 | 33.25 | 32.79 | 26.77 | 18.45 | 41.84 |
| Net profit | 68.62 | 101 | 62.20 | 95.51 | 93.46 | 80.84 | 52.35 | 118 |
| EPS (₹) | 3.85 | 5.65 | 3.49 | 5.36 | 5.24 | 4.53 | 2.94 | 6.63 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,355 | 2,338 | 2,400 | 2,128 | 1,769 | 1,508 | 2,224 |
| Revenue growth | +0.7% | -2.6% | +12.8% | +20.3% | +17.3% | -32.2% | - |
| EBITDA | 488 | 545 | 622 | 321 | 303 | 305 | 481 |
| EBITDA margin | +20.7% | +23.3% | +25.9% | +15.1% | +17.1% | +20.2% | +21.7% |
| Profit before tax | 447 | 498 | 564 | 227 | 195 | 193 | 348 |
| Net profit | 333 | 372 | 419 | 169 | 145 | 134 | 277 |
| Net profit margin | +14.1% | +15.9% | +17.5% | +8.0% | +8.2% | +8.9% | +12.4% |
| EPS (₹) | 18.61 | 20.80 | 23.83 | 9.44 | 8.04 | 8.08 | 15.71 |
| Balance sheet | |||||||
| Total assets | 2,827 | 2,631 | 2,587 | 2,258 | 2,172 | 2,144 | 2,092 |
| Net worth | 2,431 | 2,227 | 2,224 | 1,952 | 1,887 | 1,828 | 1,683 |
| Total debt | 262 | 283 | 253 | 213 | 199 | 248 | 345 |
| Cash & bank | 872 | 1,004 | 548 | 146 | 515 | 311 | 134 |
| Net working capital | 1,273 | 1,445 | 908 | 591 | 932 | 807 | 737 |
| Cash flow | |||||||
| Cash from operations | 365 | 414 | 578 | 244 | 371 | 374 | 363 |
| Cash from investing | (172) | (12.05) | (380) | (144) | (224) | (137) | (154) |
| Cash from financing | (208) | (366) | (194) | (132) | (155) | (151) | (307) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 581 | 604 | 576 | 605 | 614 | 559 | 548 | 642 |
| Revenue growth (YoY) | -5.4% | +7.9% | +5.2% | -5.7% | +9.8% | -5.2% | - | - |
| Other income | 33.43 | 28.26 | 13.13 | 24.01 | 20.21 | 27.75 | 19.08 | 12.93 |
| Total expenses | 490 | 467 | 472 | 470 | 476 | 449 | 465 | 465 |
| EBITDA | 90.87 | 136 | 104 | 135 | 138 | 111 | 82.66 | 177 |
| EBITDA margin | +15.6% | +22.6% | +18.1% | +22.3% | +22.5% | +19.8% | +15.1% | +27.6% |
| Depreciation | 25.29 | 24.41 | 25.55 | 24.83 | 25.17 | 24.28 | 24.38 | 24.41 |
| Interest | 6.18 | 6.10 | 6.82 | 5.64 | 6.98 | 6.52 | 6.54 | 5.70 |
| Profit before tax | 92.83 | 134 | 85.25 | 129 | 126 | 108 | 70.82 | 160 |
| Tax | 24.24 | 33.48 | 23.00 | 33.25 | 32.79 | 26.77 | 18.44 | 41.84 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 581 | 604 | 576 | 605 | 614 | 559 | 548 | 643 |
| Revenue growth (YoY) | -5.5% | +7.9% | +5.3% | -5.8% | +9.9% | -5.2% | - | - |
| Other income | 33.46 | 28.30 | 13.18 | 24.06 | 20.26 | 27.79 | 19.13 | 12.99 |
| EBITDA | 90.87 | 136 | 104 | 135 | 138 | 111 | 82.59 | 177 |
| EBITDA margin | +15.6% | +22.6% | +18.1% | +22.3% | +22.5% | +19.8% | +15.1% | +27.6% |
| Depreciation | 25.29 | 24.41 | 25.55 | 24.83 | 25.17 | 24.28 | 24.38 | 24.41 |
| Interest | 6.18 | 6.10 | 6.82 | 5.64 | 6.98 | 6.52 | 6.54 | 5.70 |
| Profit before tax | 92.86 | 134 | 85.21 | 129 | 126 | 108 | 70.80 | 160 |
| Tax | 24.24 | 33.48 | 23.01 | 33.25 | 32.79 | 26.77 | 18.45 | 41.84 |
| Net profit | 68.62 | 101 | 62.20 | 95.51 | 93.46 | 80.84 | 52.35 | 118 |
| EPS (₹) | 3.85 | 5.65 | 3.49 | 5.36 | 5.24 | 4.53 | 2.94 | 6.63 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,356 | 2,339 | 2,402 | 2,129 | 1,769 | 1,508 | 2,224 |
| Revenue growth | +0.7% | -2.6% | +12.8% | +20.4% | +17.3% | -32.2% | - |
| Other income | 85.28 | 82.09 | 79.98 | 39.03 | 20.00 | 27.68 | 12.48 |
| Total expenses | 1,867 | 1,794 | 1,779 | 1,807 | 1,466 | 1,203 | 1,742 |
| Employee cost | 460 | 444 | 432 | 387 | 375 | 379 | 418 |
| EBITDA | 488 | 545 | 623 | 322 | 303 | 305 | 482 |
| EBITDA margin | +20.7% | +23.3% | +26.0% | +15.1% | +17.1% | +20.2% | +21.7% |
| Depreciation | 99.83 | 104 | 114 | 112 | 110 | 115 | 121 |
| Interest | 25.97 | 24.73 | 23.78 | 21.28 | 18.19 | 24.31 | 25.11 |
| Profit before tax | 448 | 499 | 565 | 228 | 195 | 193 | 348 |
| Tax | 116 | 128 | 140 | 58.77 | 52.10 | 51.83 | 73.18 |
| Net profit | 333 | 372 | 420 | 170 | 144 | 134 | 277 |
| Net profit margin | +14.1% | +15.9% | +17.5% | +8.0% | +8.2% | +8.9% | +12.5% |
| EPS (₹) | 18.63 | 20.82 | 23.89 | 9.50 | 8.05 | 8.08 | 15.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 178 | 178 | 178 | 178 | 177 | 175 | 175 |
| Reserves & surplus | 2,251 | 2,046 | 2,043 | 1,770 | 1,705 | 1,648 | 1,503 |
| Shareholders' funds (net worth) | 2,429 | 2,225 | 2,221 | 1,948 | 1,882 | 1,823 | 1,678 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 14.54 | 30.84 | 12.05 | 9.39 | 10.90 | 13.90 | 112 |
| Unsecured loans | 248 | 252 | 241 | 203 | 188 | 234 | 233 |
| Total debt | 262 | 283 | 253 | 213 | 199 | 248 | 345 |
| Total liabilities | 2,825 | 2,628 | 2,584 | 2,255 | 2,167 | 2,140 | 2,087 |
| Assets | |||||||
| Gross block | 2,521 | 2,349 | 2,334 | 2,248 | 2,272 | 2,243 | 2,157 |
| Net block | 1,097 | 997 | 1,059 | 1,073 | 1,154 | 1,202 | 1,221 |
| Capital work in progress | 9.89 | 9.64 | 2.39 | 0.87 | 0.18 | 0.44 | 0.87 |
| Investments | 67.35 | 68.60 | 66.51 | 65.90 | 13.82 | 14.33 | 18.15 |
| Inventories | 215 | 254 | 187 | 214 | 215 | 233 | 253 |
| Sundry debtors | 464 | 452 | 510 | 466 | 479 | 497 | 631 |
| Cash & bank balances | 876 | 1,007 | 551 | 147 | 517 | 312 | 135 |
| Loans & advances | 92.35 | 162 | 72.05 | 89.62 | 80.29 | 81.27 | 85.71 |
| Total current assets | 1,648 | 1,875 | 1,320 | 917 | 1,291 | 1,124 | 1,104 |
| Total current liabilities | 371 | 426 | 409 | 324 | 358 | 316 | 367 |
| Net working capital | 1,277 | 1,448 | 912 | 593 | 933 | 808 | 738 |
| Total assets | 2,825 | 2,628 | 2,584 | 2,255 | 2,167 | 2,140 | 2,087 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 122 | 85.15 | 80.53 | 113 | 120 | 33.71 | 132 |
| Net cash from operating activities | 365 | 414 | 579 | 244 | 371 | 374 | 363 |
| 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) | 36.74 | 4.62 | (32.02) | (7.42) | 86.27 | (97.90) |
| Closing cash | 876 | 1,007 | 551 | 147 | 517 | 312 | 135 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.12 | 0.12 | 0.11 | 0.11 | 0.12 | 0.17 | 0.11 |
| Long-term debt / equity | 0.08 | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 | 0.04 |
| Interest cover | 6.68 | 5.61 | 4.67 | 10.13 | 9.43 | 12.80 | 6.96 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.97 | 1.00 | 1.05 | 0.94 | 0.78 | 0.69 | 1.14 |
| Inventory turnover | 10.04 | 10.61 | 11.97 | 9.92 | 7.88 | 6.20 | 8.85 |
| Debtors turnover | 5.14 | 4.86 | 4.92 | 4.51 | 3.62 | 2.67 | 3.51 |
| EPS (₹) | 18.63 | 20.82 | 23.89 | 9.50 | 8.05 | 8.08 | 15.72 |
| Dividend per share (₹) | 7.00 | 12.00 | 13.00 | 6.00 | 5.00 | 3.00 | 10.00 |
| Book value per share (₹) | 136.26 | 124.85 | 124.71 | 109.45 | 106.32 | 104.19 | 95.93 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 581 | 604 | 576 | 605 | 614 | 559 | 548 | 642 |
| Revenue growth (YoY) | -5.4% | +7.9% | +5.2% | -5.7% | +9.8% | -5.2% | - | - |
| Other income | 33.43 | 28.26 | 13.13 | 24.01 | 20.21 | 27.75 | 19.08 | 12.93 |
| Total expenses | 490 | 467 | 472 | 470 | 476 | 449 | 465 | 465 |
| EBITDA | 90.87 | 136 | 104 | 135 | 138 | 111 | 82.66 | 177 |
| EBITDA margin | +15.6% | +22.6% | +18.1% | +22.3% | +22.5% | +19.8% | +15.1% | +27.6% |
| Depreciation | 25.29 | 24.41 | 25.55 | 24.83 | 25.17 | 24.28 | 24.38 | 24.41 |
| Interest | 6.18 | 6.10 | 6.82 | 5.64 | 6.98 | 6.52 | 6.54 | 5.70 |
| Profit before tax | 92.83 | 134 | 85.25 | 129 | 126 | 108 | 70.82 | 160 |
| Tax | 24.24 | 33.48 | 23.00 | 33.25 | 32.79 | 26.77 | 18.44 | 41.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,355 | 2,338 | 2,400 | 2,128 | 1,769 | 1,508 | 2,224 |
| Revenue growth | +0.7% | -2.6% | +12.8% | +20.3% | +17.3% | -32.2% | - |
| Other income | 85.10 | 81.90 | 79.84 | 38.97 | 19.84 | 27.64 | 12.42 |
| Total expenses | 1,867 | 1,794 | 1,778 | 1,807 | 1,466 | 1,203 | 1,742 |
| Employee cost | 460 | 444 | 432 | 387 | 375 | 379 | 418 |
| EBITDA | 488 | 545 | 622 | 321 | 303 | 305 | 481 |
| EBITDA margin | +20.7% | +23.3% | +25.9% | +15.1% | +17.1% | +20.2% | +21.7% |
| Depreciation | 99.83 | 104 | 114 | 112 | 110 | 115 | 121 |
| Interest | 25.96 | 24.73 | 23.78 | 21.27 | 18.18 | 24.31 | 25.11 |
| Profit before tax | 447 | 498 | 564 | 227 | 195 | 193 | 348 |
| Tax | 116 | 128 | 140 | 58.76 | 52.08 | 51.82 | 73.17 |
| Net profit | 333 | 372 | 419 | 169 | 145 | 134 | 277 |
| Net profit margin | +14.1% | +15.9% | +17.5% | +8.0% | +8.2% | +8.9% | +12.4% |
| EPS (₹) | 18.61 | 20.80 | 23.83 | 9.44 | 8.04 | 8.08 | 15.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 178 | 178 | 178 | 178 | 177 | 175 | 175 |
| Reserves & surplus | 2,252 | 2,049 | 2,045 | 1,774 | 1,710 | 1,653 | 1,508 |
| Shareholders' funds (net worth) | 2,431 | 2,227 | 2,224 | 1,952 | 1,887 | 1,828 | 1,683 |
| Secured loans | 14.54 | 30.84 | 12.05 | 9.39 | 10.90 | 13.90 | 112 |
| Unsecured loans | 248 | 252 | 241 | 203 | 188 | 234 | 233 |
| Total debt | 262 | 283 | 253 | 213 | 199 | 248 | 345 |
| Total liabilities | 2,827 | 2,631 | 2,587 | 2,258 | 2,172 | 2,144 | 2,092 |
| Assets | |||||||
| Gross block | 2,517 | 2,344 | 2,330 | 2,244 | 2,268 | 2,239 | 2,152 |
| Net block | 1,095 | 995 | 1,057 | 1,071 | 1,152 | 1,200 | 1,219 |
| Capital work in progress | 9.89 | 9.65 | 2.39 | 0.87 | 0.18 | 0.44 | 0.87 |
| Investments | 75.21 | 76.46 | 74.36 | 73.76 | 21.67 | 22.19 | 26.01 |
| Inventories | 215 | 254 | 187 | 214 | 215 | 233 | 253 |
| Sundry debtors | 464 | 452 | 510 | 466 | 479 | 497 | 631 |
| Cash & bank balances | 872 | 1,004 | 548 | 146 | 515 | 311 | 134 |
| Loans & advances | 92.31 | 162 | 71.92 | 89.61 | 80.70 | 81.64 | 86.22 |
| Total current assets | 1,644 | 1,871 | 1,317 | 915 | 1,290 | 1,123 | 1,104 |
| Total current liabilities | 371 | 426 | 409 | 324 | 358 | 316 | 367 |
| Net working capital | 1,273 | 1,445 | 908 | 591 | 932 | 807 | 737 |
| Total assets | 2,827 | 2,631 | 2,587 | 2,258 | 2,172 | 2,144 | 2,092 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 120 | 83.89 | 80.16 | 112 | 120 | 33.39 | 131 |
| Net cash from operating activities | 365 | 414 | 578 | 244 | 371 | 374 | 363 |
| 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) | 35.86 | 3.73 | (31.95) | (7.56) | 86.27 | (98.03) |
| Closing cash | 872 | 1,004 | 548 | 146 | 515 | 311 | 134 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.12 | 0.12 | 0.11 | 0.11 | 0.12 | 0.17 | 0.11 |
| Long-term debt / equity | 0.08 | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 | 0.04 |
| Interest cover | 6.69 | 5.61 | 4.68 | 10.17 | 9.43 | 12.81 | 6.96 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.97 | 1.00 | 1.05 | 0.94 | 0.78 | 0.69 | 1.14 |
| Inventory turnover | 10.04 | 10.61 | 11.96 | 9.91 | 7.88 | 6.20 | 8.85 |
| Debtors turnover | 5.14 | 4.86 | 4.92 | 4.50 | 3.62 | 2.67 | 3.51 |
| EPS (₹) | 18.61 | 20.80 | 23.83 | 9.44 | 8.04 | 8.08 | 15.71 |
| Dividend per share (₹) | 7.00 | 12.00 | 13.00 | 6.00 | 5.00 | 3.00 | 10.00 |
| Book value per share (₹) | 136.37 | 124.97 | 124.86 | 109.66 | 106.58 | 104.46 | 96.22 |
To see the full year-wise statements and ratios of D.B. Corp Limited, buy the company report.
Board of directors of D.B. Corp Limited
D.B. Corp has 6 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Agarwal | Whole-Time Director | 10 Dec 2005 | 20 Years 10 Months | Current |
| Paulomi Romi Dhawan Also directs: Pokarna Limited, Pokarna Engineered Stone Limited, The Indian Society of Advertisers and 1 more | Director | 28 Jul 2022 | 4 Years 2 Months | Current |
| Sudhir Agarwal | Managing Director | 10 Dec 2005 | 20 Years 10 Months | Current |
| Girish Agarwal | Director | 27 Oct 1995 | 30 Years 11 Months | Current |
| Santosh Desai Also directs: SVD Consulting LLP, FSN E-Commerce Ventures Limited, Nykaa-Kk Beauty Private Limited and 3 more | Director | 21 Oct 2020 | 6 Years 0 Months | Current |
| Runit Kishor Shah | Director | 16 Jan 2025 | 1 Years 9 Months | Current |
Peer comparison
D.B. Corp Limited is compared with the 3 companies closest to it by revenue in the Media and Publishing industry (Print Media, TV and Radio Broadcasting), with the same principal business activity (publishing of newspapers, books, periodicals, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| D.B. Corp Limitedthis company | ₹2,355.52 Cr (FY 2026) | ₹332.94 Cr | 14.1% | 0.7% | 4,218 | Ahmedabad, Gujarat, India |
| Ushodaya Enterprises Private Limited | ₹2,267.78 Cr (FY 2024) | 6.0% | Hyderabad, Telangana, India | |||
| HT Media Limited | ₹2,024.88 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Jagran Prakashan Limited | ₹1,993.45 Cr (FY 2025) | -2.0% | Kanpur, Uttar Pradesh, India |
To see the full peer comparison of D.B. Corp Limited, buy the company report.
Auditor
D.B. Corp Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2025 | 012754N/N500016 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 74.50%, foreign institutional investors hold 11.80%, domestic institutional investors hold 4.30% and retail and other public shareholders hold 9.40%.
Sep 2026
QUARTER
74.50% Promoters
4.30% DII (Domestic Institutional)
11.80% FII (Foreign Institutional)
9.40% Retail & Others
Promoter holding - history
Now 74.50% · Sep 2026High 74.50% · Jun 2026Low 73.80% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 74.50% | 74.50% | 74.20% | 73.80% |
| Public | 25.50% | 25.50% | 25.80% | 26.20% |
Charges & borrowings
Open charges
₹189 Cr
Satisfied charges
₹908.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Dec 2006 | 10032516 | Idbi Bank Limited | ₹189 Cr | Open | |
| 07 Jan 2012 | 10332600 | Uco Bank | ₹12 Cr | Satisfied | |
| 21 Jul 2009 | 10167258 | Agco Finance Gmbh | ₹177.85 Cr | Satisfied | |
| 17 Mar 2009 | 10146215 | 3I Infotech Trusteeship Services Limited | ₹100 Cr | Satisfied | |
| 16 Oct 2008 | 10127835 | A B N. Amro Bank N. V. | ₹25 Cr | Satisfied |
To see the full charge records of D.B. Corp Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
D.B. Corp Limited has 20 deals on record (9 market trades, 6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹42.62 Cr; the latest was in September 2022.
Total deals
20
Market trades
9
Secondary share transfers
6
Funding rounds
2
Acquisitions
2
Disclosed funding
₹42.62 Cr
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Market trade | ₹15.22 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: Icici Prudential Life Insurance Company Limited , Others-D. B. Corp Limited Seller: Amansa Capital |
| May 2017 | Market trade | ₹232.65 Cr | Buyer: Icici Prudential Life Insurance Company Limited Seller: Amansa Capital |
| Mar 2017 | Acquisition | ₹4,553.05 Cr | Buyer: DB Consolidated Private Limited Seller: 4 individuals |
| Aug 2011 | Secondary share transfer | Undisclosed | Buyer: Others-D. B. Corp Limited, Indusind Nippon Life Insurance Company Limited Seller: Cliffrose Investment Limited |
To see the full deal history of D.B. Corp Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
D.B. Corp Limited has 2,078 court cases on record: 1,562 filed by D.B. Corp, 517 filed against it. 710 cases are pending and 1,368 are disposed.
Total cases
2,078
Filed by the company
1,562
Filed against the company
517
Pending
710
Disposed
1,368
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,555 | 302 | 543 |
| High courts | 481 | 178 | 161 |
| Supreme Court | 21 | 19 | 2 |
| NCLAT | 18 | 18 | 4 |
| NCLT | 3 | 0 | 0 |
Cases on record (5 of 2,078)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhopal, Madhya Pradesh | Court case (UN CR) | Filed by the company against R Tech Capital Galleria Jaipur L L P | Pending |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against Binnys Kitchen Pvt Ltd and 1 other | Pending |
| District court, Raipur, Chhattisgarh | Execution petition | Filed by the company against Parthivi Constructions Pvt. Ltd. and Ors. | Pending |
| District court, Banswara, Rajasthan | Criminal case | Filed against the company by D.B. Corp Ltd. (Dainik Bhaskar) A.P. Shiv Kumar Rathore | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Cogencis Information Services Limited | Disposed |
To see the full case history of D.B. Corp Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
D.B. Corp Limited was last rated by Care on 30 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Jul 2021 |
To see the full credit ratings and regulatory alerts of D.B. Corp Limited, buy the company report.
MSME payment delays
D.B. Corp Limited has 16 MSME Form 1 returns on record between 2017 and 2024, listing 296 overdue payments to 85 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 85)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sequelone Solutions Private Limited | |||
| Maharashtra Plastic & Industries | |||
| Arihant Bearing Services Pvt Ltd | |||
| an individual supplier | |||
| Business Automation (Indore) Private Limited |
To see the full MSME payment records of D.B. Corp Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
D.B. Corp has 2 subsidiary companies. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| I Media Corp Limited | U64202MP2006PLC018676 | |
| DB Infomedia Private Limited | U74300MP2015PTC033850 |
To see the full group structure of D.B. Corp Limited, buy the company report.
Employees & EPFO
D.B. Corp Limited has a workforce of 4,218 employees on its EPFO records as of Sep 25, 2025, across 22 active EPFO establishments.
Employee count
4,218
Active EPFO establishments
22
Employee growth
-4.55%
GST
D.B. Corp has 39 GST registrations: 33 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
39
Active
33
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCM5772G1ZH | Gujarat | Active | 01 Jul 2017 |
| 24AACCM5772G3ZF | Gujarat | Active | 01 Jul 2017 |
| 24AACCM5772G2ZG | Gujarat | Active | 04 Jul 2017 |
| 02AACCM5772G1ZN | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of D.B. Corp Limited, buy the company report.
Recent activity
D.B. Corp Limited has 19 board changes on record since 1995: 6 appointments and 13 cessations. The latest: Runit Kishor Shah was appointed as Director on 16 Jan 2025.
AGM
D.B. Corp Limited last Annual general meeting of members was held on 02 Sep 2026 as per latest MCA records.
Filing
D.B. Corp Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Appointed
Runit Kishor Shah was appointed as Director.
Ceased
Pradyumna Gopal Mishra ceased to be CFO.
Appointed
Paulomi Romi Dhawan was appointed as Director.
Ceased
Harish Bijoor ceased to be Director.
Charges
A charge with Idbi Bank Limited of Rs. 189.00 Cr registered on 12 Dec 2006 with Charge ID 10032516 was modified on 31 Dec 2020.
Appointed
Santosh Desai was appointed as Director.
Charges
A charge registered on 21 Jul 2009 via Charge ID 10167258 with Agco Finance Gmbh was fully satisfied on 15 Mar 2018.
Ceased
Ramesh Chandra Agarwal ceased to be Director.
Ceased
Kailashchandra Chowdhary ceased to be Director.
Ceased
Anupriya Acharya ceased to be Additional Director.
48 earlier events are in the company report.
News
DB Corp: Aims For High Single-Digit To Early Double-Digit Growth In Advertising Revenue For FY27, Expects ₹40 Crore Impact From Festive Ads To Shift To Q3.
DBCORP: Q2 CONS NET PROFIT 686M RUPEES VS 935M (YOY); EST 1B
DBCORP: Q2 REVENUE 5.8B RUPEES VS 6.14B (YOY)
DBCORP: Q2 EBITDA 910M RUPEES VS 1.38B (YOY); Q2 EBITDA MARGIN 15.66% VS 22.48% (YOY)
Frequently asked questions
D.B. Corp is an active public limited company based in Ahmedabad, Gujarat, India. The company works in television and radio broadcasting, within the media and publishing industry. It was incorporated on 27 October 1995 (31+ years old) and is registered under CIN L22210GJ1995PLC047208. Listed on BSE: 533151 and NSE: DBCORP.
D.B. Corp reported revenue of ₹2,355.52 Cr for FY 2025-26 (up 0.7% YoY) based on consolidated financials.
D.B. Corp has 6 current directors:
- Sudhir Agarwal - Managing Director
- Pawan Agarwal - Whole-Time Director
- Paulomi Romi Dhawan - Director
- Girish Agarwal - Director
- Santosh Desai - Director
- Runit Kishor Shah - Director
The latest financial statements of D.B. Corp on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 02 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of D.B. Corp is 24AACCM5772G1ZH, registered in Gujarat. The company has 39 GST registrations in all, of which 33 are active and 6 are cancelled or inactive. Other active GSTINs include 24AACCM5772G3ZF (Gujarat), 24AACCM5772G2ZG (Gujarat), 02AACCM5772G1ZN (Himachal Pradesh).
The CIN (Corporate Identification Number) of D.B. Corp is L22210GJ1995PLC047208. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. D.B. Corp is a listed company as per MCA records. Its shares are listed on both BSE (code: 533151) and NSE (symbol: DBCORP).
D.B. Corp has 2,078 court cases on record: 1,562 filed by the company and 517 filed against it. 710 are pending. Most are in the district courts.
D.B. Corp was incorporated on 27 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
D.B. Corp has 20 deals on record (9 market trades, 6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹42.62 Cr; the latest was in September 2022.
The peers of D.B. Corp by revenue are Ushodaya Enterprises Private Limited, HT Media Limited, Jagran Prakashan Limited, all in the Media and Publishing industry (Print Media, TV and Radio Broadcasting), with the same principal business activity (publishing of newspapers, books, periodicals, etc. activities).
Runit Kishor Shah was appointed as Director on 16 Jan 2025. Pradyumna Gopal Mishra ceased to be CFO on 31 Mar 2023. Paulomi Romi Dhawan was appointed as Director on 28 Jul 2022. D.B. Corp has 19 board changes on record in total.