Projected Income Statement: D. B. Corp Limited

Forecast Balance Sheet: D. B. Corp Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 980 864 1,006 -713 1,255 797 904 -620
Change - -11.84% 16.44% -170.87% 276.02% -36.49% 13.43% -168.58%
Announcement Date 17/06/21 13/05/22 19/05/23 22/05/24 08/05/25 11/05/26 - -
1INR in Million
Estimates

Cash Flow Forecast: D. B. Corp Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 468.7 304.7 258.3 474.5 492.6 597.5 554 928
Change - -34.98% -15.24% 83.72% 3.82% 21.28% -7.28% 67.51%
Free Cash Flow (FCF) 1 3,272 3,402 2,184 5,312 3,651 2,138 1,320 2,464
Change - 3.95% -35.81% 143.27% -31.28% -41.43% -38.26% 86.68%
Announcement Date 17/06/21 13/05/22 19/05/23 22/05/24 08/05/25 - - -
1INR in Million
Estimates

Forecast Financial Ratios: D. B. Corp Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 20.21% 17.12% 15.13% 22.4% 23.29% 20.73% 20.86% 20.95%
EBIT Margin (%) 12.59% 10.9% 9.87% 21.2% 18.86% 16.49% 18.31% 18.43%
EBT Margin (%) 12.82% 11.01% 10.7% 23.54% 21.31% 19.01% 18.86% 19.14%
Net margin (%) 9.38% 8.06% 7.94% 17.71% 15.86% 14.09% 14.04% 14.25%
FCF margin (%) 21.7% 19.23% 10.26% 22.11% 15.61% 9% 5.31% 9.45%
FCF / Net Income (%) 231.39% 238.61% 129.14% 124.83% 98.4% 61.96% 37.85% 66.33%

Profitability

        
ROA 5.7% 5.69% 6.61% 15.28% 12.27% 10.4% 10.32% 11%
ROE 8.08% 7.69% 8.83% 20.41% 16.69% 15.1% 13.85% 13.76%

Financial Health

        
Leverage (Debt/EBITDA) 0.32x 0.29x 0.31x - 0.23x 0.15x 0.17x -
Debt / Free cash flow 0.3x 0.25x 0.46x - 0.34x 0.37x 0.68x -

Capital Intensity

        
CAPEX / Current Assets (%) 3.11% 1.72% 1.21% 1.98% 2.11% 2.52% 2.23% 3.56%
CAPEX / EBITDA (%) 15.38% 10.06% 8.02% 8.82% 9.04% 11.57% 10.69% 16.99%
CAPEX / FCF (%) 14.32% 8.96% 11.83% 8.93% 13.5% 27.95% 41.97% 37.66%

Items per share

        
Cash flow per share 1 19.99 21.03 13.75 32.46 23.24 16.49 11.89 18.31
Change - 5.2% -34.63% 136.1% -28.4% -29.06% -27.86% 53.97%
Dividend per Share 1 3 5 6 13 12 13 10 10
Change - 66.67% 20% 116.67% -7.69% 8.33% -23.08% 0%
Book Value Per Share 1 104.2 106.3 109.7 - 124.8 131.8 145.9 155.7
Change - 2.04% 3.15% - - 5.6% 10.74% 6.73%
EPS 1 8.04 8.09 9.52 23.87 20.81 18.62 19.6 20.87
Change - 0.62% 17.68% 150.74% -12.82% -10.52% 1.24% 6.49%
Nbr of stocks (in thousands) 1,74,961 1,77,057 1,77,975 1,78,092 1,78,192 1,78,246 1,78,246 1,78,246
Announcement Date 17/06/21 13/05/22 19/05/23 22/05/24 08/05/25 11/05/26 - -
1INR
Estimates
2026 2027 *
P/E Ratio 9.99x 10.2x
PBR 1.51x 1.37x
EV / Sales 1.41x 1.47x
Yield 6.52% 5.02%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
199.37INR
Average target price
282.00INR
Spread / Average Target
+41.45%

Quarterly revenue - Rate of surprise

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  4. Financials D. B. Corp Limited
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