DB Corp Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 1324.41 Crore) operating in Media & Entertainment sector.
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Promoters held 71.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.8 per cent, DIIs 3.9 per cent and public and others 8.5 per cent.
ICICI Securities has given a buy rating to DB Corp with a target price of Rs 87. The share price moved up by 0.27 per cent from its previous close of Rs 75.15. The stock’s last traded price is Rs 75.35.
DB Corp Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 1324.41 Crore) operating in Media & Entertainment sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 346.37 Crore, up 64.61 % from last quarter Sales of Rs 210.41 Crore and down -34.82 % from last year same quarter Sales of Rs 531.39 Crore Company reported net profit after tax of Rs 28.52 Crore in latest quarter.
Investment Rationale The brokerage has cut EPS estimates by 34% / 18% for FY21E / FY22E respectively factoring-in the slower than expected recovery in ad revenues. Accordingly, it cuts target price to Rs87 (from Rs106). Promoter/FII Holdings Promoters held 71.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.8 per cent, DIIs 3.9 per cent and public and others 8.5 per cent.
