- #1,608 Sudhir Agarwal ₹1,200 Cr
- #1,608 Pawan Agarwal ₹1,200 Cr
- #1,608 Girish Agarwal ₹1,200 Cr

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. 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 1,949 cases involving the company, including 1,467 filed by the company and 429 filed against it; 674 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 10 peer companies in the Media and Publishing industry (Print Media, TV and Radio Broadcasting) are compared by revenue, 5 larger and 5 smaller; the largest is Culver Max Entertainment Private Limited with revenue of ₹6,459.43 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.
CIN History of D.B. Corp Limited
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 |
Recognitions & Rankings of D.B. Corp
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- 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
- 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
- One PDF report, delivered after checkout
Associated Brands with D.B. Corp Limited
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 of D.B. Corp Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J1 | Publishing of Newspapers, Books, periodicals, etc. activities | Locked |
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of D.B. Corp Limited FY 2025-26 filings available
D.B. Corp Limited reported revenue of ₹2,355.52 Cr (up 0.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue 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
| 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 |
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.
| 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 of D.B. Corp Limited
D.B. Corp Limited is compared with the companies closest to it by revenue in the Media and Publishing industry (Print Media, TV and Radio Broadcasting). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Culver Max Entertainment Private Limited | ₹6,459.43 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| Tv18 Broadcast Limited Listed | ₹6,038.11 Cr (FY 2023) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Studio 18 Media Private Limited | ₹5,299.86 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Mumbai, Maharashtra, India |
| Digital18 Media Private Limited | ₹5,287 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Mumbai, Maharashtra, India |
| Sun TV Network Limited Listed | ₹4,712.6 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Chennai, Tamil Nadu, India |
| D.B. Corp Limited this company | ₹2,355.52 Cr (FY 2026) | •••• | •••• | 0.7% | •••• | Ahmedabad, Gujarat, India |
| Ushodaya Enterprises Private Limited | ₹2,267.78 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Hyderabad, Telangana, India |
| HT Media Limited Listed | ₹2,024.88 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Jagran Prakashan Limited Listed | ₹1,993.45 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Kanpur, Uttar Pradesh, India |
| Discovery Communications India (Pvt Company With Unlimited Liability) | ₹1,707.79 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Asianet Star Communications Private Limited | ₹1,578.55 Cr (FY 2022) | •••• | •••• | 36.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below D.B. Corp by revenue in the Media and Publishing industry (Print Media, TV and Radio Broadcasting), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of D.B. Corp Limited
D.B. Corp Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Shareholding Pattern of D.B. Corp Limited
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 | 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 of D.B. Corp Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Dec 2006 | Idbi Bank Limited | ₹189 Cr | Open |
| 07 Jan 2012 | Uco Bank | ₹12 Cr | Satisfied |
| 21 Jul 2009 | Agco Finance Gmbh | ₹177.85 Cr | Satisfied |
| 17 Mar 2009 | 3I Infotech Trusteeship Services Limited | ₹100 Cr | Satisfied |
| 16 Oct 2008 | A B N. Amro Bank N. V. | ₹25 Cr | Satisfied |
Total charge records: 16 View all charges
Deals & Funding of D.B. Corp Limited
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.
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 |
Full deal history
All 20 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of D.B. Corp Limited
D.B. Corp Limited has 1,949 court cases on record: 1,467 filed by D.B. Corp, 429 filed against it, 53 where it is another party. 674 cases are pending and 1,275 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,457 | 263 | 507 |
| High courts | 467 | 142 | 161 |
| NCLAT | 17 | 17 | 4 |
| Supreme Court | 8 | 7 | 2 |
Cases on record (5 of 1,949)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhopal, Madhya Pradesh | Court case (UN CR) | Filed by the company against Keralatherapy Center Private Limited | Pending |
| District court, Bhopal, Madhya Pradesh | Court case (UN CR) | Filed by the company against Ishani Tradition Homes Private Limited | Pending |
| District court, Bhopal, Madhya Pradesh | Court case (RCT) | Filed by the company against Soul Magic Private Limited | Pending |
| High Court of Rajasthan | Interim or miscellaneous application | Filed by the company against V. N. Buildtech Private Limited | Disposed |
| High Court of Rajasthan | Writ petition | Filed by the company against V. N. Buildtech Private Limited | Disposed |
Full case history
All 1,949 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
MSME Payment Delays by D.B. Corp Limited
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 16 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at D.B. Corp Limited
D.B. Corp Limited has a workforce of 4,218 employees as of Sep 25, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of D.B. Corp Limited
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.
| Company Name | CIN | Shares Held |
|---|---|---|
| I Media Corp Limited | U64202MP2006PLC018676 | - |
| Db Infomedia Private Limited | U74300MP2015PTC033850 | - |
Showing major subsidiaries. Total: 2.
Recent Activity on D.B. Corp Limited
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.
48 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for D.B. Corp Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of D.B. Corp Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of D.B. Corp Limited
D.B. Corp has 39 GST registrations: 33 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| 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 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of D.B. Corp Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about D.B. Corp Limited
Frequently Asked Questions about D.B. Corp Limited
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 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 listed on both BSE (code: 533151) and NSE (symbol: DBCORP).
D.B. Corp has 1,949 court cases on record: 1,467 filed by the company and 429 filed against it. 674 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 Culver Max Entertainment Private Limited, Tv18 Broadcast Limited, Studio 18 Media Private Limited, Digital18 Media Private Limited, Sun TV Network Limited and 5 more, all in the Media and Publishing industry (Print Media, TV and Radio Broadcasting).
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.
D.B. Corp has 16 MSME Form 1 returns on record between 2017 and 2024, listing 296 overdue payments to 85 micro and small suppliers. The latest return was filed on 30 Apr 2024.