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D B Corp Ltd

BSE Code : 533151 | NSE Symbol : DBCORP | ISIN:INE950I01011| SECTOR: - |

NSE BSE
 
SMC down arrow

59.50

-0.35 (-0.58%) Volume 280564

26-May-2020 14:43:58

Prev. Close

59.85

Open Price

60.90

Bid Price (QTY)

59.40(12)

Offer Price (QTY)

59.50(5)

 

Today’s High/Low 60.90 - 60.90

52 wk High/Low 202.40 - 58.00

Key Stats

MARKET CAP (RS CR) 1046.23
P/E 3.43
BOOK VALUE (RS) 102.9783817
DIV (%) 100
MARKET LOT 1
EPS (TTM) 17.45
PRICE/BOOK 0.580704406233644
DIV YIELD.(%) 16.72
FACE VALUE (RS) 10
DELIVERABLES (%) 75.35
4

News & Announcements

23-May-2020

D B Corp Ltd - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.

23-May-2020

D B Corp Ltd - Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.

21-May-2020

D B Corp Ltd - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.

21-May-2020

D B Corp Ltd - Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.

23-Jan-2020

D B Corp allots 3940 equity shares under ESOP

06-Jan-2020

DB Corp to announce Quarterly Result

21-Nov-2019

D B Corp allots 4,120 equity shares under ESOS

17-Oct-2019

Board of DB Corp recommends interim dividend

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
3rd Rock Multimedia Ltd 532066 3RDROCK
52 Weeks Entertainment Ltd 531925
Aastha Broadcasting Network Ltd 503673
AMGF Intercorp Ltd 40267
Asian Films Production & Distribution Ltd 532047
B A G Films & Media Ltd 532507 BAGFILMS
Baba Arts Ltd 532380
Balaji Telefilms Ltd 532382 BALAJITELE
BGIL Films & Technologies Ltd 511664
BMB Music & Magnetics Ltd 531420
Broadcast Initiatives Ltd 532816 BROADCAST
CDI International Ltd 526141 COMPACDISC
Channel Nine Entertainment Ltd 535142
Cineline India Ltd 532807 CINELINE
Cinemax India Ltd(Merged) 534711 CINEMAXIN
Cinerad Communications Ltd 530457
Cinevista Ltd 532324 CINEVISTA
City Pulse Multiplex Ltd 542727
Colorchips New Media Ltd 540023
Creative Eye Ltd 532392 CREATIVEYE
Credence Sound & Vision Ltd 526741
Crest Animation Studios Ltd 526785 CRESTANI
Cyber Media (India) Ltd 532640 CYBERMEDIA
Deccan Chronicle Holdings Ltd 532608 DCHL
Den Networks Ltd 533137 DEN
Digicontent Ltd 542685 DGCONTENT
Diksat Transworld Ltd 540151
Diligent Media Corporation Ltd 540789 DNAMEDIA
Dish TV India Ltd 532839 DISHTV
Divine Entertainment Ltd 531907
Divine Multimedia (India) Ltd 523810
DQ Entertainment International Ltd 533176 DQE
DSJ Communication Ltd 526677 DALALSTCOM
Eduexel Infotainment Ltd 526483
Entertainment Network (India) Ltd 532700 ENIL
Eros International Media Ltd 533261 EROSMEDIA
ETC Networks Ltd (Merged) 506156 ETCNETWORK
ETC Networks Ltd(merged) 532615 ETCNET
Fame India Ltd(Merged) 532631 FAME
Fast Track Entertainment Ltd 532084
Filmcity Media Ltd 531486
G V Films Ltd 523277
Galaxy Cloud Kitchens Ltd 506186
Ganesh Films India Ltd 541703
Giriraj Entertainment Ltd 532037
Global Films & Broadcasting Ltd 531660
Goldfish Entertainment Ltd 531251
Gradiente Infotainment Ltd 590126
GTPL Hathway Ltd 540602 GTPL
H T Media Ltd 532662 HTMEDIA
Hathway Bhawani Cabletel & Datacom Ltd 509073
Hathway Cable & Datacom Ltd 533162 HATHWAY
Hindustan Media Ventures Ltd 533217 HMVL
Inhouse Productions Ltd 526610
Inox Leisure Ltd 532706 INOXLEISUR
Jagran Prakashan Ltd 532705 JAGRAN
Jain Studios Ltd 532033 JAINSTUDIO
Jump Networks Ltd 531337 JUMPNET
Khyati Multimedia Entertainment Ltd 531692
Koffee Break Pictures Ltd 531602
Kohinoor Broadcasting Corporation Ltd 531366
Kome-on Communication Ltd 539910
KSS Ltd 532081 KSERASERA
Landmarc Leisure Corporation Ltd 532275
Lila Worldwide Ltd 531894 VATSMUSC
Madhya Pradesh Today Media Ltd 535009 MPTODAY
Media Matrix Worldwide Ltd 512267 MMWL
Mediaone Global Entertainment Ltd 503685
Midvalley Entertainment Ltd 533310
Moving Picture Company (I) Ltd 590011
Mukta Arts Ltd 532357 MUKTAARTS
Music Broadcast Ltd 540366 RADIOCITY
New Delhi Television Ltd 532529 NDTV
Next Mediaworks Ltd 532416 NEXTMEDIA
Nextgen Animation Mediaa Ltd 532999
Nine Media & Information Services Ltd 531150
Odyssey Video Communications Ltd 517465
Orient Tradelink Ltd 531512
Ortel Communications Ltd 539015 ORTEL
P. B. Films Ltd 539352
Padmalaya Telefilms Ltd 532350 PADMALAYAT
Panorama Studios International Ltd 539469
Pentamedia Graphics Ltd 500329 PENTSFWARE
Picturehouse Media Ltd 532355
Pooja Entertainment & Films Ltd 532011
Prime Focus Ltd 532748 PFOCUS
Pritish Nandy Communications Ltd 532387 PNC
Purple Entertainment Ltd 540159
PVR Ltd 532689 PVR
Pyramid Saimira Theatre Ltd 532791 PSTL
Radaan Mediaworks (I) Ltd 590070 RADAAN
Radan Multimedia Ltd 523451
Raj Television Network Ltd 532826 RAJTV
Reliance Broadcast Network Ltd 533143 RBN
Reliance MediaWorks Ltd 532399 RELMEDIA
SAB Events & Governance Now Media Ltd 540081 SABEVENTS
Sadhna Broadcast Ltd 540821
Sagar Productions Ltd 532092
Sahara One Media and Entertainment Ltd 503691
Sai Television Ltd 521321 SAITELE
Sambhaav Media Ltd 511630 SAMBHAAV
Saregama India Ltd 532163 SAREGAMA
SDC Techmedia Ltd 535647
Sea TV Network Ltd 533268
Shalimar Productions Ltd 512499
Shemaroo Entertainment Ltd 538685 SHEMAROO
Shree Ashtavinayak Cine Vision Ltd 532793 SHREEASHTA
Sibar Media & Entertainment Ltd 532353
Silly Monks Entertainment Ltd 535043 SILLYMONKS
Siti Networks Ltd 532795 SITINET
Sowbhagya Media Ltd 532025
Spicy Entertainment & Media Ltd 540084
Sri Adhikari Brothers Television Network Ltd 530943 SABTN
Srishti Video Corp Ltd 517366 SRISHTIVID
SRS Ltd 533569 SRSLTD
Sun TV Network Ltd 532733 SUNTV
T.V. Today Network Ltd 532515 TVTODAY
Television Eighteen India Ltd (Merged) 532299 TV-18
Thinkink Picturez Ltd 539310
Tips Industries Ltd 532375 TIPSINDLTD
Trilogic Digital Media Ltd 531712
TV Vision Ltd 540083 TVVISION
TV18 Broadcast Ltd 532800 TV18BRDCST
UFO Moviez India Ltd 539141 UFO
Unistar Multimedia Ltd 532035
Universal Arts Ltd 532378
Universal Media Network Ltd 531790
UTV Software Communications Ltd 532619 UTVSOF
V R Films & Studios Ltd 542654
Veronica Production Ltd 531695
Via Media India Ltd 526759
Vision Cinemas Ltd 526441
Vision Corporation Ltd 531668
Zee Entertainment Enterprises Ltd 505537 ZEEL
Zee Media Corporation Ltd 532794 ZEEMEDIA

Share Holding

Category No. of shares Percentage
Total Foreign 30694789 17.55
Total Institutions 6780478 3.88
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 1431400 0.82
Total Promoters 125364158 71.66
Total Public & others 10683715 6.11
Total 174954540 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About D B Corp Ltd

D B Corp Limited (DBCL) is India's largest media conglomerate with presence across Print, Radio and Digital. The company is headquartered in Bhopal, Madhya Pradesh, India, with over 11,000 employees across the country. As India's largest print media company, DBCL publishes 6 newspapers - Dainik Bhaskar (46 editions), Divya Bhaskar (9 editions), Divya Marathi (6 editions), Saurashtra Samachar, DB Star and DB Post in 4 languages i.e., Hindi, Gujarati, Marathi and English. DBCL is present across 12 states in India with a footprint in Madhya Pradesh, Chhattisgarh, Rajasthan, Haryana, Punjab, Chandigarh, Himachal Pradesh, Delhi, Gujarat, Maharashtra, Jharkhand and Bihar. DBCL is the only media conglomerate that enjoys a leadership position in multiple states, in multiple languages and is either a clear leader or a formidable player in all its major markets. The company's other business interests span across radio and digital mediums. In the FM radio segment, the brand has a strong presence in '94.3 MY FM' available in 7 states and 30 cities creating a valuable package to advertisers in Tier II and III cities, where Dainik Bhaskar is already a leader in its print business. DBCL also has a strong online presence with 9 Internet portals with a very formidable and strong position in almost 67% of Indian language media space, in terms of Unique Visitors and Page Views. Further, it is the dominant No.1 digital player in various Indian languages, i.e., Hindi and Gujarati, alongside 4 actively available and well-used mobile apps - Dainik Bhaskar and Divya Bhaskar. D B Corp Ltd was incorporated on October 27, 1995 with the Multi-Tech Energy Ltd. In December 1, 2005, the name of the company was changed from Multi-Tech Energy Ltd to D B Corp Ltd. As per the scheme of arrangement, the business of publication, including the assets and liabilities, intellectual property rights, employees and printing of newspaper under the title 'Dainik Bhaskar' and 'Divya Bhaskar' and the wind farm business of Writers and Publishers Ltd were transferred to the company as a going concern with effect from April 1, 2005. In the year 2006, the company launched Ujjain, Sagar editions of 'Dainik Bhaskar' and Rajkot Edition of 'Divya Bhaskar'. Also, they launched a new edition of 'Dainik Bhaskar' in Punjab. The company's subsidiary, Synergy Media Entertainment Ltd acquired 17 licenses for their FM Radio operations and also launched operations in Jaipur. In the year 2007, the company launched Hindi edition of 'Dainik Bhaskar' from Ludhiana. They launched new edition of 'Divya Bhaskar' in Gujarat. Also, they entered into a publication license agreement with Diligent Media Corporation Ltd to print, edit, publish, circulate, and market the Newspaper DNA-Daily News & Analysis including its supplements, 'After Hrs.', 'DNA Sport', 'DNA Academy', 'DNA Life', 'DNA ME' and 'DNA YA' in the entire state of Gujarat. The company's subsidiary, Synergy Media Entertainment Ltd launched 13 FM radio stations at various locations in India. In June 2007, as per the scheme of arrangement, the internet division of Indiainfo was transferred to the company. In the year 2008, the company's new brand 'DB Star' was published from Indore and Bhopal. They launched 'Business Bhaskar' in Bhopal, Indore, Raipur, Panipat, New Delhi, Jalandhar and Ludhiana. Also, they entered into a publication license agreement with Diligent Media Corporation Ltd to print, edit, publish, circulate, and market editions of DNA-Daily News & Analysis including its supplements, 'After Hrs.', 'DNA Sport', 'DNA Academy', 'DNA Life', 'DNA ME' and 'DNA YA' in the entire state of Rajasthan. Their subsidiary, Synergy Media Entertainment Ltd launched three FM radio stations at Kota, Jabalpur and Raipur. During the year 2008-09, the company launched Dainik Bhaskar in Jagdalpur, Bhilai, Nagour, Pali, Ratlam, Shimla and Dehradun. In September 2008, they launched Business Bhaskar in New Delhi. In January 6, 2010, the equity shares of the company were on listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). In August 2010, the company launched the new edition of Dainik Bhaskar in Ranchi. In September 2010, the company launched Dainik Bhaskar at Bhatinda in Punjab and Itarsi in Madhya Pradesh. Also, the company launched full fledged printing centres in Sirohi and Barmet in Rajasthan for their brand Dainik Bhaskar to further strengthen their readership. During the financial year ended 31 March 2014, D B Corp Limited (DBCL) delivered a robust operating performance amidst a challenging market environment. Focus on sustaining and extending leadership in core markets, consistent focus on operational efficiencies as well as strong performance across print and non-print segments have enabled the company to report significant growth. Associations with leading media brands for exclusive, unique content and realignment of corporate sales and marketing strategy with the aim of providing greater focus to advertisers at every state level has contributed extensively in achieving the growth. With the necessary strategic platform already set at the start of the year, the company was able to capture higher ad revenue from regional markets under various segments. In Maharashtra, the company launched new editions at Akola and Amaravati. Divya Marathi maintained strong growth momentum across all 7 editions during the year. Apart from further building readership in the existing markets, the company also entered into the state of Bihar with the launch of Patna edition in Q4 March 2014. On the infrastructure front, the company continued to invest in upgrading the printing facilities to provide quality product at all the locations and building efficiencies of advanced technology. On the corporate front, DBCL integrated its internet and interactive mobile services business which was housed in its wholly-owned subsidiary I Media Corp Ltd. (IMCL) by demerging the same from IMCL and merging into DBCL. The demerger, which was approved by the High Court of Madhya Pradesh, Principal Seat at Jabalpur vide its order dated 27 March, 2014, became effective from 1 April 2013 (Appointed Date). This demerger brought the 3 major segments viz. Print, Radio & Internet under one company. As a result of this demerger, DBCL's wholly-owned subsidiary IMCL now carries out only events related business. During the year, DBCL sold its entire stake of 51 % held in Divya Prabhat Publications Private Limited (DPPPL) to Mr. Prabhat Sojatia and Mr. Sunil Sojatia by terminating the Shareholders' Agreement dated 1 October, 2011 executed between the two companies and members of the Sojatia family. Accordingly, DPPPL had ceased to be a subsidiary of DBCL effective close of business hours on 30 June 2013. During the financial year ended 31 March 2015, D B Corp Limited (DBCL) continued to focus on strengthening its presence in the existing markets of Rajasthan, Madhya Pradesh, Chhattisgarh, Gujarat, Chandigarh, Punjab, Haryana and Himachal Pradesh in its print media business. D B Corp Limited (DBCL) implemented advertisement yield strategy agenda, by taking a substantial hike in print media advertising rates, at the beginning of financial year 2015-16. It faced some resistance from advertisers and media agencies initially and hence, the advertising revenue growth witnessed yearly decline. During the year, DBCL successfully completed its Bihar roll-out. The company launched new editions in Bhagalpur, Gaya and Muzaffarpur, besides, 7 district editions, thus extending its reach and presence to the entire geography of Bihar. The company launched a broadsheet English language newspaper 'DB Post' from Bhopal. DB Post is a compact, smart product catering to the youth and English readership. It was launched as a crisp product to fill an important reader demand in the region, and has met with satisfactory interest. During the year, the company launched Money Bhaskar App, the first Multi-lingual Business app in India on the iOS and Android platforms. DBCL's Radio Business continued to perform exceptionally well in 2015-16. During the year, the radio business bagged new station license for 13 new radio stations in major Tier II cities of India, in majority of which DBCL has presence in print business as well. With regard to Digital Business, www.dainikbhaskar.com introduced video bulletin that enables the users to see and hear the news rather than just reading it crossing a 13 million video view during the month of March 2016. It helped to increase engagement and to cross the language barrier and tap the English reader who also watches Hindi video. During the year, www.moneybhaskar.com was launched in Gujarati for more localized and focused business news catering to the large Gujarati diaspora and business community. DB Digital introduced two new websites gadgets.bhaskar.com and food.bhaskar.com during the year under review. DB Digital saw a phenomenal growth in FY 2015-16 in terms of Unique Visitors (UV) and Page per Visit (PV). DB Digital subsuming of eleven digital portals has breached 1,197 million PV and 34 million UV mark. During the financial year ended 31 March 2017, D B Corp Limited (DBCL) maintained its focus on editorial strategy which has led to significant improvement in quality of editorial content, greater readership delight and growth. As per Press In India Report 2015-16 prepared by Registrar of Newspapers of India (RNI), Dainik Bhakar becomes the nation's largest circulated multi-edition daily. Dainik Bhaskar was awarded ISO-9001:2015 certification for Quality Management Systems in its newspaper distribution function and is probably the only newspaper organisation in India to receive such certification. The company's Radio Business continued to perform exceptionally well in FY 2016-17. DB Digital saw a phenomenal growth in FY 2016-17 in terms of Unique Visitors (UV) and Page per Visit (PV). During FY 2016-17, DB Digital leveraged its various assets. DBCL introduced a live video streaming platform called Bhaskar Live' and a UGC video platform for its readers to share their live feeds and reach out to 90 million users. On 1 August 2016, DBCL launched its real estate portal homeonline.com. It offers end to end services to home buyers from purchase to shifting into new house offering value added services - Vaastu compliance, home decor, furnishings, maintenance, etc. In a span of 8 months, Homeonline.com served more than ~100K property seekers online, connecting 10,000+ property owners with home seekers in Bhopal and Raipur. During the year under review, DBCL diluted its entire shareholding in I Media Corp Limited (IMCL) to DB Infomedia Pvt. Ltd. (DBIPL) for a lumpsum consideration, thereby making it a step-down subsidiary of the company and a wholly-owned subsidiary of DBIPL. During the year, DBCL consolidated its shareholding held in DBIPL by purchase of 5,000 shares from the minority shareholder. The said purchase was in accordance with the terms of Share Subscription and Shareholders' Agreement dated 16 April 2015 executed by the company with the minority shareholder and DBIPL. Consequent to the purchase, DBIPL has become wholly-owned subsidiary of DBCL. As per the terms of Share Subscription and Shareholders' Agreement executed by DBCL with DBIPL and the minority shareholder, DBCL had subscribed to 10,00,000 0.01% Compulsorily Convertible Debentures (CCDs) of Rs. 10/- each. As per the terms of issue, the said CCDs were converted into equivalent number of equity shares and accordingly 10,00,000 equity shares of face value of Rs. 10/- each were allotted to DBCL by the Board of DBIPL. During the year under review, upon recommendations of the Audit Committee, the Board of Directors of DBCL at its meeting held on 19 January 2017 approved a Composite Scheme of Arrangement and Amalgamation between DBCL and its subsidiaries; I Media Corp Limited (IMCL / Transferor Company) and DB Infomedia Private Limited (DBIPL / Demerged Company / Transferee Company). Under this Composite Scheme, IMCL was proposed to be amalgamated into DBIPL and thereafter, the Internet Business of DBIPL was to be hived-off / demerged into DBCL. The said Composite Scheme was approved by the Board of respective subsidiary companies as well. However, at the meeting held on 18 May 2017, the Board of Directors upon recommendation of the Audit Committee, re-evaluated the validity of the above Scheme and came to the conclusion that in light of the current business environment, the proposed Composite Scheme will no longer give any extra benefits to the company and its stakeholders. Hence, a decision was taken to withdraw the Composite Scheme of Arrangement and Amalgamation as aforesaid and not to be acted upon further. During the financial year ended 31 March 2018, D B Corp Limited (DBCL) maintained its focus on editorial strategy which has led to significant improvement in quality of editorial content, greater readership delight and growth. Dainik Bhaskar newspaper continues to be the Nation's largest circulated multi-edition daily as per Press In India Report 2016-17 prepared by the Registrar of Newspapers of India (RNI). During FY 2017-18, the company's circulation strategy was complemented by strong editorial and product enrichment efforts along with unique and impactful reader engagement initiatives. During the year under review, the company executed a challenging and ambitious Circulation Expansion strategy in its legacy markets of Rajasthan, Gujarat and in the newer market of Bihar. The circulation copies increased from an average of 50.4 lakh copies at the start of the initiative in July 2017 to 57.9 lakh copies by the end of the year i.e. a growth of around 15% in a 9-month's period; and this entire circulation increase was achieved at a higher cover price. Dainik Bhaskar also marked their expansion into Gujarat and launched the Surat edition on 30 April 2017, establishing a strong presence in a large cosmopolitan city with almost 28 lakhs of the non-Gujarati speaking population. Dainik Bhaskar successfully tapped the existing potential amongst Surat's non-Gujarati speaking, multicultural, industrialised households, who have migrated from neighbouring states like Rajasthan, NCR, Punjab, Haryana UP, Bihar, Jharkhand and Uttarakhand. The company's Radio Business continued to perform exceptionally well in FY 2017-18. MY FM completed the fastest roll out of all 13 newly acquired stations under Batch I of Phase III and expanded the company's reach to 7 states across 30 cities, being the largest player in the Rest of Maharashtra and No. 1 in Chandigarh / Haryana / Punjab / Rajasthan / Madhya Pradesh and Chhattisgarh. Innovative and unique activation initiatives were undertaken throughout the fiscal that strengthened 94.3 MY FM's connect with listeners and leading consumer brands alike. During the year under review, DB Digital's focus was strongly on technology for continuous optimisation, better user engagement and maximising ROI to advertisers. DB Digital launched Wisdom' an in-house analytics and data intelligence proprietary tool that supports the editorial team with real-time insights on content. The company's real estate portal homeonline.com served more than ~1.3 mn home-seeking users online, connecting 80,000+ home seekers with property owners/ builders in Bhopal, Raipur, Indore, Jaipur and Ahmedabad. More than 75,000 properties and 900+ projects were made available to home seekers in Bhopal, Raipur, Indore, Jaipur and Ahmedabad. DBCL's shareholders approved Buyback proposal for buy-back of up to 92,00,000 fully paid-up equity shares of Rs. 10/- each (being approx. 5% of the total paid-up equity share capital of the Company as on 31st March, 2018) at a price of Rs. 340/- per equity share on a proportionate basis through tender offer for an aggregate amount of Rs. 312.80 crore (excluding transaction cost viz. brokerage, applicable taxes such as securities transaction tax, stamp duty and goods and service tax, etc.). The approval for Buyback proposal was accorded by the shareholders of the company by passing the enabling Special Resolution through Postal Ballot as per statutory requirements in this regard, the results of which were declared by the company on 7 July 2018. The Record Date for determining the eligibility of the shareholders to participate in the Buyback is set as 18 July 2018. The company will be completing the Buyback within 12 months from the date of Special Resolution passed approving the proposed Buyback. During FY 2019, the Company launched new readers' engagement scheme Run Banao Karodon Ke Inaam Paao' to encash the ensuing cricket season - starting from India-Australia series, followed by IPL and then ICC World Cup. Shikhar Dhawan was roped in as an ambassador to garner interest among non-readers, which duly reflected in the circulation number. In FY 2019, the Company launched Mahabharat 2019' an exclusive drive at Pan-India level on Lok Sabha election with the introduction of special election jacket and special election pages. The initiative continues to gather huge readership appeal through various special properties on election with the aim to bring extensive ground coverage and in-depth analysis for its readers. MY FM concluded a massive 360-degree campaign Aapki Marzi' for its listeners in Maharashtra in order to keep the content in sync with the listeners' expectations. Marathi content was expanded across the stations in the state, basis the feedback received. MY FM launched this new show to infuse fun, positive and light-hearted listening during the late evening time featuring the non-clich on-air friend Dev' in FY19. In FY 2019, the company launched Paison ka Ped' in 11 cities - India's First Radio Reality Show where people from various walks of life are selected through a series of auditions and interviews. In FY 2019, MY FM Jashn' concluded in Jaipur and Indore. Events were starred by two mega artist Vipul Goel (Stand-up Comedian) and Kavi Sammelan Kumar Vishwas and Team which was attended by over 10,000 audiences in both the cities. In FY19, MY FM concluded the largest painting competition in Tier II and III markets with a participation of ~2.7 Lakh kids for Rangrezz' Season 5.In Print business, the Hansa Research Group undertook a commissioned Bihar Readership Research in July 2018 to gauge the readership of various Hindi Newspapers, their readership profile, key product consumptions, readers' engagement and brand satisfaction. As per this readership report, Dainik Bhaskar was at No. 2 position with an Average Issue Readership (AIR) of 9.11 Lakh, while the legacy player had an AIR of 9.98 Lakh readers.

D B Corp Ltd Chairman Speech

Dear Shareholders,

This ancient truth is the beacon that has guided us through 60 years of an exhilarating journey of spreading knowledge and engendering happiness. More importantly, it continues to be our driving force as we get ready to scale new milestones of success. As we stand at this iconic moment of our journey, we look back at the past 60 years with a sense of accomplishment. Every moment of our existence has been spent earnestly to pursue the goals we had set for ourselves. Today, standing tall as India’s largest and biggest newspaper, our growth reflects our commitment to our objectives. We remain thankful to our readers/audiences and all other stakeholders, who have partnered with us in the achievement of our goals.

Moving to the present, we believe that we are at the threshold of an even more exciting phase of our journey. Our learnings will steer us to the next level of growth and expansion. At the same time, our deeply entrenched customer-centric approach and innate courage to distinguish right from wrong will prove invaluable in scaling new heights. We have nurtured this philosophy through the years, charting new territories to connect deeper with our audiences. In line with the vision of our late Chairman Shri Ramesh Chandra Agarwal, we have continuously evolved our editorial policy to keep pace with the industry and market transformation.

Our Editorial Strategy

In recent years, D. B. Corp Ltd. has embraced a value-added, knowledge-based editorial strategy. Going beyond mere dissemination of news and information, we are imbuing our stories and reports with depth that few newspapers provide. Customised and personalised content, targeted at consumers across Tier II and III markets, is bringing us closer to our audiences across India’s diverse cultural milieus, languages and aspirations. Packaged under the umbrella of a unified editorial philosophy, this strategy enables us to be differentiated and distinctive.

It has been our consistent and constant endeavour to augment our connect with the audiences through innovative initiatives. The last decade has also witnessed strengthening of our editorial engagement, with exclusive global tie-ups that enable us to stay ahead and remain original. Our ‘Bhaskar Original’ initiative comes with exclusive offerings, giving our diverse readers truly unique experiences. We have made this possible with a network of reporters spread across 15 countries (India’s first media house to have such a large global footprint), a National Reporting Task Force to bring exclusive news to our readers and a more inspiring ‘No Negative Monday’ focus.

State-of-the-Art Machinery

We have also been investing regularly in strengthening our capacities and capabilities with more than Rs. 5 billion spent in the past 10 years to upgrade our plants and machinery. With 54 printing facilities (the highest in India for any newspaper), we have successfully pursued our ambition to be the first to carry news for our readers on all historic occasions – a feat we replicated most recently in the coverage of the Chandrayaan-2 launch.

Consistent Investment in Our Markets

Further realigning our editorial strategies to factor in the changing times and consumer requirements, we scaled up the levels of our social media engagement to enhance our relevance for our audiences. This customer-centric philosophy extends to the advertiser community. While growing our market share across regions, we have also focussed ourselves on partnering with advertisers for a mutually gainful relationship that translates into increased reader delight. With high-end and unbiased content offerings, coupled with continuously improving printing quality, we continue to reach out to a bigger base of audiences to aggressively push our circulation strategy in existing and new markets.

Led by this consumer-focussed approach, we reached new frontiers of growth and expansion during FY 2018-19, to register the highest advertising and circulation revenue growth in print industry. The significant decline in newsprint prices from their peak would help us keep our expenses in check in future. We also proactively initiated a series of internal measures to drive cost efficiencies which are also expected to add to our bottom line.

The result of these concerted and inventive initiatives was evident in the Company’s performance during FY 2018-19, which saw our consolidated total revenue growth went up by 6.2% YoY at Rs. 24,793 mn compared to Rs. 23,350 mn for FY 2017-18. Circulation Revenue grew by 5.1% YoY during FY 2018-19 to Rs. 5,237 mn compared to Rs. 4,981 mn for FY 2017-18 – largely an outcome of volume growth led by our circulation expansion strategy. In the same period, advertising revenues registered a growth of 7.4% YoY to Rs. 17,625 mn from Rs. 16,416 mn.

Huge Headroom for Consistent growth in Print

The latest IRS data and ABC circulation data shows that the print industry is well-entrenched on the path of growth. The recent Indian Readership Survey (IRS) 2019 Q1 has flagged that readership of dailies in India is consistently rising, having added ~1.8 crore readers between IRS Jan 2018 and IRS April 2019. There exists a huge headroom for future growth, with ~25% population currently constituting the readership bracket - of the ~80 crore ‘Can Read Population’ (Urban + Rural). The circulation figures are also increasing concurrently, with the Audit Bureau Circulation (ABC) revealing that the Indian newspaper industry witnessed a CAGR growth of 4.87% over a 10-year period from 2006 to 2016. Further, Hindi newspaper circulation registered growth of 8.76% CAGR.

Largest Newspaper group of India : Maintaining the Momentum

In tandem with the industry trend, the Dainik Bhaskar Group has also maintained its leadership as the Largest Newspaper Group of Urban India, as per the latest Indian Readership Survey 2019 Q1 (Main + Variant, AIR-Urban and excluding financial dailies). Significantly, Dainik Bhaskar is also Urban India’s No. 1 Newspaper in NCCS A, NCCS B & NCCS AB segment (IRS 2019 Q1, AIR - Urban and Main + Variant). Dainik Bhaskar Group stands as torchbearer of readership growth. As per recent IRS Survey, all Hindi newspapers collectively add 93.27 lakh new readers; Dainik Bhaskar adds 63.55 lakh new readers; a growth of 13.71% (IRS 2019 Q1 , TR and Main + Variant) majorly in legacy markets of Madhya Pradesh, Chhattisgarh, Rajasthan, Haryana, Punjab, Gujarat and in newer markets of Bihar.

We are also pleased to share that this growth story extends across all the key states, including Rajasthan and Bihar, where, as per AIR – Urban + Rural and Main + Variant , Dainik Bhaskar added 8.93 lakh readers (growing by 18%), and 2.03 lakh new readers (growing by 16%), respectively. The fact that this distinctive performance is spread across markets as diverse as these two states underscores our ability to create and sustain strong relevance in differentiated environments.

We are happy to share that Our success story spans all our business segments, facilitating continued and sustainable growth across our Radio segment.

Radio Business Adds to the Strength

In the Radio segment, D. B. Corp Ltd. continues to be the largest player in the Rest of Maharashtra and No. 1 in Chandigarh, Haryana, Punjab, Rajasthan, Madhya Pradesh and Chhattisgarh. We have strategically focussed on aligning our Radio offerings to the specialised needs of our audiences across states.

We have also evolved a robust and clearly defined programming/content plan to strengthen audiences and advertiser connect. Phase 3 stations are already EBIDTA positive and profitability has been achieved on the back of strong inventory management, programme profile, strong cost efficiencies and the growing popularity of the channel.

Digital Complements & Supplements the Print Strategy

Led by the strong demand in this segment, we continued to strengthen our Digital presence, focussing on technology for continuous optimisation, better user engagement and maximising ROI for our stakeholders. ‘WisdomNxt’, our in-house analytics and data intelligence proprietary tool, supports the editorial team with real-time insights on content. We added the ability to predict the virality of content to make ourselves even more connected with the contemporary needs of audiences.

Our newly launched Dainik Bhaskar+ app has strengthened this connect, as the largest news and information app in its category. The range of technologically superior features of the app, available on Android and iOS platforms, has helped us carve a unique niche in Hindi digital news space. I am pleased to share that DB+ App is the only news app in the country to win Gold in the prestigious Hermes Creative Awards in Mobile & Web-based Technology Section.

What we see ahead is a plethora of opportunities that we are fully geared to leverage at the back of our customer-oriented business philosophy. We remain committed to enhancing our customer proposition to deliver content that is relevant and engaging. We shall also continue to focus on creating a world-class user experience, benchmarked to global standards of quality, for our consumers.

We are confident that this strategic approach shall propel enhanced growth for the Company for many decades to come.

On this note, let me take this opportunity to thank the Board of Directors, stakeholders and our team for their unwavering support, which enables our continued transformation in the ever-changing industry and consumer milieu.

Best Regards,

Sudhir Agarwal

   

D B Corp Ltd Company History

D B Corp Limited (DBCL) is India's largest media conglomerate with presence across Print, Radio and Digital. The company is headquartered in Bhopal, Madhya Pradesh, India, with over 11,000 employees across the country. As India's largest print media company, DBCL publishes 6 newspapers - Dainik Bhaskar (46 editions), Divya Bhaskar (9 editions), Divya Marathi (6 editions), Saurashtra Samachar, DB Star and DB Post in 4 languages i.e., Hindi, Gujarati, Marathi and English. DBCL is present across 12 states in India with a footprint in Madhya Pradesh, Chhattisgarh, Rajasthan, Haryana, Punjab, Chandigarh, Himachal Pradesh, Delhi, Gujarat, Maharashtra, Jharkhand and Bihar. DBCL is the only media conglomerate that enjoys a leadership position in multiple states, in multiple languages and is either a clear leader or a formidable player in all its major markets. The company's other business interests span across radio and digital mediums. In the FM radio segment, the brand has a strong presence in '94.3 MY FM' available in 7 states and 30 cities creating a valuable package to advertisers in Tier II and III cities, where Dainik Bhaskar is already a leader in its print business. DBCL also has a strong online presence with 9 Internet portals with a very formidable and strong position in almost 67% of Indian language media space, in terms of Unique Visitors and Page Views. Further, it is the dominant No.1 digital player in various Indian languages, i.e., Hindi and Gujarati, alongside 4 actively available and well-used mobile apps - Dainik Bhaskar and Divya Bhaskar. D B Corp Ltd was incorporated on October 27, 1995 with the Multi-Tech Energy Ltd. In December 1, 2005, the name of the company was changed from Multi-Tech Energy Ltd to D B Corp Ltd. As per the scheme of arrangement, the business of publication, including the assets and liabilities, intellectual property rights, employees and printing of newspaper under the title 'Dainik Bhaskar' and 'Divya Bhaskar' and the wind farm business of Writers and Publishers Ltd were transferred to the company as a going concern with effect from April 1, 2005. In the year 2006, the company launched Ujjain, Sagar editions of 'Dainik Bhaskar' and Rajkot Edition of 'Divya Bhaskar'. Also, they launched a new edition of 'Dainik Bhaskar' in Punjab. The company's subsidiary, Synergy Media Entertainment Ltd acquired 17 licenses for their FM Radio operations and also launched operations in Jaipur. In the year 2007, the company launched Hindi edition of 'Dainik Bhaskar' from Ludhiana. They launched new edition of 'Divya Bhaskar' in Gujarat. Also, they entered into a publication license agreement with Diligent Media Corporation Ltd to print, edit, publish, circulate, and market the Newspaper DNA-Daily News & Analysis including its supplements, 'After Hrs.', 'DNA Sport', 'DNA Academy', 'DNA Life', 'DNA ME' and 'DNA YA' in the entire state of Gujarat. The company's subsidiary, Synergy Media Entertainment Ltd launched 13 FM radio stations at various locations in India. In June 2007, as per the scheme of arrangement, the internet division of Indiainfo was transferred to the company. In the year 2008, the company's new brand 'DB Star' was published from Indore and Bhopal. They launched 'Business Bhaskar' in Bhopal, Indore, Raipur, Panipat, New Delhi, Jalandhar and Ludhiana. Also, they entered into a publication license agreement with Diligent Media Corporation Ltd to print, edit, publish, circulate, and market editions of DNA-Daily News & Analysis including its supplements, 'After Hrs.', 'DNA Sport', 'DNA Academy', 'DNA Life', 'DNA ME' and 'DNA YA' in the entire state of Rajasthan. Their subsidiary, Synergy Media Entertainment Ltd launched three FM radio stations at Kota, Jabalpur and Raipur. During the year 2008-09, the company launched Dainik Bhaskar in Jagdalpur, Bhilai, Nagour, Pali, Ratlam, Shimla and Dehradun. In September 2008, they launched Business Bhaskar in New Delhi. In January 6, 2010, the equity shares of the company were on listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). In August 2010, the company launched the new edition of Dainik Bhaskar in Ranchi. In September 2010, the company launched Dainik Bhaskar at Bhatinda in Punjab and Itarsi in Madhya Pradesh. Also, the company launched full fledged printing centres in Sirohi and Barmet in Rajasthan for their brand Dainik Bhaskar to further strengthen their readership. During the financial year ended 31 March 2014, D B Corp Limited (DBCL) delivered a robust operating performance amidst a challenging market environment. Focus on sustaining and extending leadership in core markets, consistent focus on operational efficiencies as well as strong performance across print and non-print segments have enabled the company to report significant growth. Associations with leading media brands for exclusive, unique content and realignment of corporate sales and marketing strategy with the aim of providing greater focus to advertisers at every state level has contributed extensively in achieving the growth. With the necessary strategic platform already set at the start of the year, the company was able to capture higher ad revenue from regional markets under various segments. In Maharashtra, the company launched new editions at Akola and Amaravati. Divya Marathi maintained strong growth momentum across all 7 editions during the year. Apart from further building readership in the existing markets, the company also entered into the state of Bihar with the launch of Patna edition in Q4 March 2014. On the infrastructure front, the company continued to invest in upgrading the printing facilities to provide quality product at all the locations and building efficiencies of advanced technology. On the corporate front, DBCL integrated its internet and interactive mobile services business which was housed in its wholly-owned subsidiary I Media Corp Ltd. (IMCL) by demerging the same from IMCL and merging into DBCL. The demerger, which was approved by the High Court of Madhya Pradesh, Principal Seat at Jabalpur vide its order dated 27 March, 2014, became effective from 1 April 2013 (Appointed Date). This demerger brought the 3 major segments viz. Print, Radio & Internet under one company. As a result of this demerger, DBCL's wholly-owned subsidiary IMCL now carries out only events related business. During the year, DBCL sold its entire stake of 51 % held in Divya Prabhat Publications Private Limited (DPPPL) to Mr. Prabhat Sojatia and Mr. Sunil Sojatia by terminating the Shareholders' Agreement dated 1 October, 2011 executed between the two companies and members of the Sojatia family. Accordingly, DPPPL had ceased to be a subsidiary of DBCL effective close of business hours on 30 June 2013. During the financial year ended 31 March 2015, D B Corp Limited (DBCL) continued to focus on strengthening its presence in the existing markets of Rajasthan, Madhya Pradesh, Chhattisgarh, Gujarat, Chandigarh, Punjab, Haryana and Himachal Pradesh in its print media business. D B Corp Limited (DBCL) implemented advertisement yield strategy agenda, by taking a substantial hike in print media advertising rates, at the beginning of financial year 2015-16. It faced some resistance from advertisers and media agencies initially and hence, the advertising revenue growth witnessed yearly decline. During the year, DBCL successfully completed its Bihar roll-out. The company launched new editions in Bhagalpur, Gaya and Muzaffarpur, besides, 7 district editions, thus extending its reach and presence to the entire geography of Bihar. The company launched a broadsheet English language newspaper 'DB Post' from Bhopal. DB Post is a compact, smart product catering to the youth and English readership. It was launched as a crisp product to fill an important reader demand in the region, and has met with satisfactory interest. During the year, the company launched Money Bhaskar App, the first Multi-lingual Business app in India on the iOS and Android platforms. DBCL's Radio Business continued to perform exceptionally well in 2015-16. During the year, the radio business bagged new station license for 13 new radio stations in major Tier II cities of India, in majority of which DBCL has presence in print business as well. With regard to Digital Business, www.dainikbhaskar.com introduced video bulletin that enables the users to see and hear the news rather than just reading it crossing a 13 million video view during the month of March 2016. It helped to increase engagement and to cross the language barrier and tap the English reader who also watches Hindi video. During the year, www.moneybhaskar.com was launched in Gujarati for more localized and focused business news catering to the large Gujarati diaspora and business community. DB Digital introduced two new websites gadgets.bhaskar.com and food.bhaskar.com during the year under review. DB Digital saw a phenomenal growth in FY 2015-16 in terms of Unique Visitors (UV) and Page per Visit (PV). DB Digital subsuming of eleven digital portals has breached 1,197 million PV and 34 million UV mark. During the financial year ended 31 March 2017, D B Corp Limited (DBCL) maintained its focus on editorial strategy which has led to significant improvement in quality of editorial content, greater readership delight and growth. As per Press In India Report 2015-16 prepared by Registrar of Newspapers of India (RNI), Dainik Bhakar becomes the nation's largest circulated multi-edition daily. Dainik Bhaskar was awarded ISO-9001:2015 certification for Quality Management Systems in its newspaper distribution function and is probably the only newspaper organisation in India to receive such certification. The company's Radio Business continued to perform exceptionally well in FY 2016-17. DB Digital saw a phenomenal growth in FY 2016-17 in terms of Unique Visitors (UV) and Page per Visit (PV). During FY 2016-17, DB Digital leveraged its various assets. DBCL introduced a live video streaming platform called Bhaskar Live' and a UGC video platform for its readers to share their live feeds and reach out to 90 million users. On 1 August 2016, DBCL launched its real estate portal homeonline.com. It offers end to end services to home buyers from purchase to shifting into new house offering value added services - Vaastu compliance, home decor, furnishings, maintenance, etc. In a span of 8 months, Homeonline.com served more than ~100K property seekers online, connecting 10,000+ property owners with home seekers in Bhopal and Raipur. During the year under review, DBCL diluted its entire shareholding in I Media Corp Limited (IMCL) to DB Infomedia Pvt. Ltd. (DBIPL) for a lumpsum consideration, thereby making it a step-down subsidiary of the company and a wholly-owned subsidiary of DBIPL. During the year, DBCL consolidated its shareholding held in DBIPL by purchase of 5,000 shares from the minority shareholder. The said purchase was in accordance with the terms of Share Subscription and Shareholders' Agreement dated 16 April 2015 executed by the company with the minority shareholder and DBIPL. Consequent to the purchase, DBIPL has become wholly-owned subsidiary of DBCL. As per the terms of Share Subscription and Shareholders' Agreement executed by DBCL with DBIPL and the minority shareholder, DBCL had subscribed to 10,00,000 0.01% Compulsorily Convertible Debentures (CCDs) of Rs. 10/- each. As per the terms of issue, the said CCDs were converted into equivalent number of equity shares and accordingly 10,00,000 equity shares of face value of Rs. 10/- each were allotted to DBCL by the Board of DBIPL. During the year under review, upon recommendations of the Audit Committee, the Board of Directors of DBCL at its meeting held on 19 January 2017 approved a Composite Scheme of Arrangement and Amalgamation between DBCL and its subsidiaries; I Media Corp Limited (IMCL / Transferor Company) and DB Infomedia Private Limited (DBIPL / Demerged Company / Transferee Company). Under this Composite Scheme, IMCL was proposed to be amalgamated into DBIPL and thereafter, the Internet Business of DBIPL was to be hived-off / demerged into DBCL. The said Composite Scheme was approved by the Board of respective subsidiary companies as well. However, at the meeting held on 18 May 2017, the Board of Directors upon recommendation of the Audit Committee, re-evaluated the validity of the above Scheme and came to the conclusion that in light of the current business environment, the proposed Composite Scheme will no longer give any extra benefits to the company and its stakeholders. Hence, a decision was taken to withdraw the Composite Scheme of Arrangement and Amalgamation as aforesaid and not to be acted upon further. During the financial year ended 31 March 2018, D B Corp Limited (DBCL) maintained its focus on editorial strategy which has led to significant improvement in quality of editorial content, greater readership delight and growth. Dainik Bhaskar newspaper continues to be the Nation's largest circulated multi-edition daily as per Press In India Report 2016-17 prepared by the Registrar of Newspapers of India (RNI). During FY 2017-18, the company's circulation strategy was complemented by strong editorial and product enrichment efforts along with unique and impactful reader engagement initiatives. During the year under review, the company executed a challenging and ambitious Circulation Expansion strategy in its legacy markets of Rajasthan, Gujarat and in the newer market of Bihar. The circulation copies increased from an average of 50.4 lakh copies at the start of the initiative in July 2017 to 57.9 lakh copies by the end of the year i.e. a growth of around 15% in a 9-month's period; and this entire circulation increase was achieved at a higher cover price. Dainik Bhaskar also marked their expansion into Gujarat and launched the Surat edition on 30 April 2017, establishing a strong presence in a large cosmopolitan city with almost 28 lakhs of the non-Gujarati speaking population. Dainik Bhaskar successfully tapped the existing potential amongst Surat's non-Gujarati speaking, multicultural, industrialised households, who have migrated from neighbouring states like Rajasthan, NCR, Punjab, Haryana UP, Bihar, Jharkhand and Uttarakhand. The company's Radio Business continued to perform exceptionally well in FY 2017-18. MY FM completed the fastest roll out of all 13 newly acquired stations under Batch I of Phase III and expanded the company's reach to 7 states across 30 cities, being the largest player in the Rest of Maharashtra and No. 1 in Chandigarh / Haryana / Punjab / Rajasthan / Madhya Pradesh and Chhattisgarh. Innovative and unique activation initiatives were undertaken throughout the fiscal that strengthened 94.3 MY FM's connect with listeners and leading consumer brands alike. During the year under review, DB Digital's focus was strongly on technology for continuous optimisation, better user engagement and maximising ROI to advertisers. DB Digital launched Wisdom' an in-house analytics and data intelligence proprietary tool that supports the editorial team with real-time insights on content. The company's real estate portal homeonline.com served more than ~1.3 mn home-seeking users online, connecting 80,000+ home seekers with property owners/ builders in Bhopal, Raipur, Indore, Jaipur and Ahmedabad. More than 75,000 properties and 900+ projects were made available to home seekers in Bhopal, Raipur, Indore, Jaipur and Ahmedabad. DBCL's shareholders approved Buyback proposal for buy-back of up to 92,00,000 fully paid-up equity shares of Rs. 10/- each (being approx. 5% of the total paid-up equity share capital of the Company as on 31st March, 2018) at a price of Rs. 340/- per equity share on a proportionate basis through tender offer for an aggregate amount of Rs. 312.80 crore (excluding transaction cost viz. brokerage, applicable taxes such as securities transaction tax, stamp duty and goods and service tax, etc.). The approval for Buyback proposal was accorded by the shareholders of the company by passing the enabling Special Resolution through Postal Ballot as per statutory requirements in this regard, the results of which were declared by the company on 7 July 2018. The Record Date for determining the eligibility of the shareholders to participate in the Buyback is set as 18 July 2018. The company will be completing the Buyback within 12 months from the date of Special Resolution passed approving the proposed Buyback. During FY 2019, the Company launched new readers' engagement scheme Run Banao Karodon Ke Inaam Paao' to encash the ensuing cricket season - starting from India-Australia series, followed by IPL and then ICC World Cup. Shikhar Dhawan was roped in as an ambassador to garner interest among non-readers, which duly reflected in the circulation number. In FY 2019, the Company launched Mahabharat 2019' an exclusive drive at Pan-India level on Lok Sabha election with the introduction of special election jacket and special election pages. The initiative continues to gather huge readership appeal through various special properties on election with the aim to bring extensive ground coverage and in-depth analysis for its readers. MY FM concluded a massive 360-degree campaign Aapki Marzi' for its listeners in Maharashtra in order to keep the content in sync with the listeners' expectations. Marathi content was expanded across the stations in the state, basis the feedback received. MY FM launched this new show to infuse fun, positive and light-hearted listening during the late evening time featuring the non-clich on-air friend Dev' in FY19. In FY 2019, the company launched Paison ka Ped' in 11 cities - India's First Radio Reality Show where people from various walks of life are selected through a series of auditions and interviews. In FY 2019, MY FM Jashn' concluded in Jaipur and Indore. Events were starred by two mega artist Vipul Goel (Stand-up Comedian) and Kavi Sammelan Kumar Vishwas and Team which was attended by over 10,000 audiences in both the cities. In FY19, MY FM concluded the largest painting competition in Tier II and III markets with a participation of ~2.7 Lakh kids for Rangrezz' Season 5.In Print business, the Hansa Research Group undertook a commissioned Bihar Readership Research in July 2018 to gauge the readership of various Hindi Newspapers, their readership profile, key product consumptions, readers' engagement and brand satisfaction. As per this readership report, Dainik Bhaskar was at No. 2 position with an Average Issue Readership (AIR) of 9.11 Lakh, while the legacy player had an AIR of 9.98 Lakh readers.

D B Corp Ltd Directors Reports

To

The Members, D. B. Corp Limited

Your Directors have pleasure in presenting to you the 23rd Annual Report together with the Balance Sheet and Statement of Profit and Loss for the year ended March 31, 2019.

Financial Highlights (Standalone Results) Rs. in Mn.
Particulars 2018-19 2017-18
Revenue from operations 24,627 23,112
Other Income 166 238
Total Revenue 24,793 23,350
Operating expenditure 19,584 17,472
EBITDA 5,209 5,878
EBITDA Margin 21.0% 25.2%
Finance Cost 85 67
Depreciation & Amortisation 986 922
Total Expenditure 20,655 18,461
Profit Before Tax 4,138 4,889
Provision for Tax 1,399 1,645
Profit After Tax (PAT) 2,739 3,244
PAT Margin 11.0% 13.9%

Financial Highlights (Consolidated Results)

Rs. in Mn.
Particulars 2018-19 2017-18
Revenue from operations 24,627 23,112
Other Income 166 237
Total Revenue 24,793 23,349
Operating expenditure 19,585 17,474
EBITDA 5,209 5,875
EBITDA Margin 21.0% 25.2%
Finance Cost 85 67
Depreciation & Amortisation 986 924
Total Expenditure 20,656 18,465
Profit Before Tax 4,137 4,885
Provision for Tax 1,399 1,645
Profit After Tax (PAT) 2,738 3,240
PAT Margin 11.0% 13.9%
Dividend as % of face value per share 100% 10%

Review of Performance, Operational Highlights and Future Outlook

India has been the growth leader amongst major economies including Emerging Markets and Developing Economies (EMDEs) over the last five years. According to International Monetary Fund World Economic Outlook (October-2018) - GDP (nominal) of India in 2018, India is now the seventh largest economy of the world. It is behind sixth ranked France and fifth ranked United Kingdom and is expected to overtake them in 2019 when India’s economy is expected to reach US$ 2,958 billion. India will be ranked third in 2019 on the basis of purchasing power parity (PPP).

The Indian economy started the fiscal year 2018-19 with a healthy 8.2% growth in the first quarter on the back of domestic resilience. However, growth declined in every subsequent quarter bringing the annual growth to 6.8% compared to 7.2% in FY 2017-18. The decline in growth has been attributed to a combination of global and domestic factors including rising global financial volatility, normalised monetary policy in advanced economies, externalities from trade disputes, investment rerouting and a slowdown in domestic consumption and investment impulses.

D. B. Corp Limited’s (DBCL) performance for the fiscal year 2018-19 needs to be viewed in the context of aforesaid economic and market environment forces. DBCL delivered another year of resilient performance aided by market development strategies, establishment of long term customer relationships and well planned execution of on-ground marketing efforts.

Your Company maintained its focus on editorial strategy which has led to significant improvement in quality of editorial content, greater readership delight and growth.

As per the Indian Readership Survey (IRS) 2019 Q1, the Dainik Bhaskar Group has maintained its leadership as the Largest Newspaper Group of Urban India. The Dainik Bhaskar newspaper continues to hold the No. 1 position as the largest read newspaper of NCCS A, NCCS B and NCCS AB. The Dainik Bhaskar Group stands as the torch bearer of readership growth, adding 63.55 Lakh new readers. This translates into a growth of 13.7%, majorly in the legacy markets of Madhya Pradesh - Chhattisgarh, Rajasthan, Haryana, Punjab, Gujarat and in the new market of Bihar.

The other key highlights of the abovesaid survey are:

Dainik Bhaskar is Urban India’s No.1 Newspaper (IRS 2019 Q1 | AIR – Urban | Main + Variant)

Dainik Bhaskar Group is Urban India’s No.1 Newspaper Group

(IRS 2019 Q1 | AIR – Urban | Main + Variant | excluding financial dailies)

Dainik Bhaskar is Urban India’s No. 1 Newspaper in NCCS A, NCCS B & NCCS AB segment

(IRS 2019 Q1 | AIR – Urban | Main + Variant)

Dainik Bhaskar has added 8.93 Lakh readers, grows by 18% in Rajasthan, based on AIR – Urban + Rural

Dainik Bhaskar grows by 16%, adds 2.03 Lakh new readers in Bihar, as per AIR – Urban + Rural

As per ABC circulation reported data for July - December, 2018, the Company continues to maintain No.1 circulated newspaper of India as well as leadership in Madhya Pradesh-Chhattisgarh, Rajasthan, Gujarat, Haryana, Chandigarh, Punjab (4 urban Cities), besides maintaining close No. 2 formidable position in other markets.

Dainik Bhaskar successfully added 76,212 (average per day) copies in Rajasthan over the past one year, complemented by the increase in readership in the same state, with the growth of 18% in AIR (Urban + Rural).

As part of other significant developments, the following are noteworthy:

A focused and well-executed circulation expansion strategy has delivered excellent readership results which are recently published. Dainik Bhaskar Group stands as Torch bearer of Readership growth. As per recent IRS Survey, all Hindi Newspapers added 93.27 Lakh new readers whereas Dainik Bhaskar added 63.55 Lakh new readers, a growth of 13.7% majorly in legacy markets of Madhya Pradesh-Chhattisgarh, Rajasthan, Haryana, Punjab, Gujarat and in newer market of Bihar.

MY FM is maintaining leadership position in Chandigarh, Haryana, Punjab, Rajasthan, Madhya Pradesh and Chhattisgarh and continues to be the largest player in Rest of Maharashtra. Phase III stations’ bottom line is now positive on the back of strong inventory management, programme profile, strong cost efficiencies and growing popularity.

As a part of DBCL’s digital business,www.dainikbhaskar.com, the largest Hindi News website, continues to secure the No. 1 spot in Hindi News and www.divyabhaskar.com continues to remain No. 1 Gujarati website.

Digital business intensified its focus to further strengthen loyal user base and potential monetisation of the platform. It adapted new strategy for user acquisition by moving away from social journalism to serious knowledge-based news journalism, a key to our brand, to build a higher loyal customer base.

Performance highlights of the Company during the year under consideration are as follows:

Standalone revenue from operations and other income was Rs. 24,793 Million witnessing a growth of 6.2% as compared to Rs. 23,350 Million in the previous year.

Standalone advertising revenue grew by 7.4% to Rs. 17,625 Million which includes revenue from print, radio, digital and event business.

Circulation revenue grew by 5.1% to Rs. 5,237 Million from Rs. 4,981 Million largely driven by increase in copies. Circulation revenue has witnessed CAGR growth of around 10% for past 10 years driven by increase in copies and rate growth.

The consolidated gross revenue increased by 6.2% to Rs. 24,793 Million as compared to Rs. 23,349 Million in the previous year.

EBITDA margin of matured business stands at 25.1%.

Major Campaigns / Events during the year

Launched new readers’ engagement scheme ‘Run Banao Karodon Ke Inaam Paao’ to encash the ensuing cricket season - starting from India-Australia series, followed by IPL and then ICC World Cup. Shikhar Dhawan was roped in as an ambassador to garner interest among non-readers, which duly reflected in the circulation number.

Launched ‘Mahabharat 2019’ an exclusive drive at Pan-India level on Lok Sabha election with the introduction of special election jacket and special election pages. The initiative continues to gather huge readership appeal through various special properties on election with the aim to bring extensive ground coverage and in-depth analysis for its readers.

MY FM concluded a massive 360-degree campaign ‘Aapki Marzi’ for its listeners in Maharashtra in order to keep the content in sync with the listeners’ expectations. Marathi content was expanded across the stations in the state, basis the feedback received. MY FM launched this new show to infuse fun, positive and light-hearted listening during the late evening time featuring the non-clich on-air friend ‘Dev’.

Launched ‘Paison ka Ped’ in 11 cities - India’s First Radio Reality Show where people from various walks of life are selected through a series of auditions and interviews.

Final 30 go through a series of tasks holding the branch of a tree to win cash prize of Rs.3 Lakh / 5 Lakh.

‘MY FM Jashn’ concluded in Jaipur and Indore. Events were starred by two mega artist Vipul Goel (Stand-up Comedian) and Kavi Sammelan Kumar Vishwas and Team which was attended by over 10,000 audiences in both the cities.

‘Rangrezz’ Season 5 - MY FM concluded the largest painting competition in Tier II and III markets with a participation of ~2.7 Lakh kids.

Print Business

The Print Business of DBCL has delivered top of the industry results with 7.3% advertising growth over last year and circulation growth of 5.1% over last year. The circulation expansion strategy has yielded better than expected results with Dainik Bhaskar becoming No.1 newspaper of Rajasthan.

The Hansa Research Group undertook a commissioned Bihar Readership Research in July, 2018 to gauge the readership of various Hindi Newspapers, their readership profile, key product consumptions, readers’ engagement and brand satisfaction. As per this readership report, Dainik Bhaskar was at No. 2 position with an Average Issue Readership (AIR) of 9.11 Lakh, while the legacy player had an AIR of 9.98 Lakh readers.

Emerging Editions / Business

In order to analyse the performance of the Company, its divisions / editions are segmented into emerging and matured editions / business as any new edition / business launched takes long for stabilisation and for earnings.

Disclosure on Compliance with all Secretarial Standards

All the applicable Secretarial Standards are complied with by the Company during FY 2018-19.

Significant and Material Orders passed by the Regulators

There were no significant and material orders passed by the Regulators / Courts / Tribunals which would impact on the going concern status of the Company and its future operations.

Policy Regarding Prevention of Sexual Harrassment at Work Place

The Company has constituted an Internal Complaints Committee (‘ICC’) which looks into complaints of sexual harassment. The victim or a person on victim’s behalf may lodge a formal complaint through a dedicated toll-free Hotline, Website, Email or Post.

During the year under review, only one complaint was received by the Company which was attended to and closed on priority. No. of complaints received during the year: 1 No. of complaints disposed off: 1 No. of complaints pending at the end of the year: Nil

Human Resources and Industrial Relations

Your Company has the reputation for having one of the best HR Departments in the media and allied industries. It has conceptualised and implemented various Human Resource Policies towards betterment of its 9,700+ employees. It maintains a continuous focus on attracting, developing and retaining talent, with the belief that people are its most important differentiator. To ensure sustainable growth and prepare for the future, the Company has been strengthening its talent management, performance management and employee engagement processes.

During the year, it continued to build a high-trust, high-performance culture while endeavouring to build a strong talent pipeline by engaging and hiring talent from renowned campuses, building capabilities. Internal talent grooming is at the core of the organisation. Since a few years, your Company has been implementing structured programme for identification and grooming of high potential people.

Your Company fosters a culture of employee and their family well-being by offering various types of policies and employee benefits. Two unique employee-connect initiatives launched during the year under review were scholarship for meritorious children of employees and Sukanya Samridhi Yojana. These were launched in the memory of the Company’s beloved Chairman Shri Ramesh Chandra Agarwal.

The Company also continues to connect with employees through its trend-setting policies for their welfare like Aapaat Nidhi (a critical medical exigency fund), Saubhagyawati Bhav (assisting employees financially for their daughters’ marriages), Shubh Laxmi (welcoming the birth of girl child), Sparsh (gift on the occasion of the birth of a male child), option to take leave on special occasions (on the anniversaries of employees, family members’ birthdays, paternity & bereavement, etc.).

The HR Culture in the Company has evolved over last 8 years or so from a primitive looking Human Resource function using excel sheets to store employee data, manual payroll processes, no formal assessment procedures to one of the best software using HR function.

General

Your Directors state that no disclosure is required in respect of the following matters as there were no transactions during the year under review, in relation to:

1. Issue of Equity Shares with differential rights as to dividend, voting or otherwise.

2. Issue of Sweat Equity Shares.

3. Non-exercise of voting rights directly by the employees in respect of shares purchased under a scheme pursuant to Section 67(3) of the Act read with Rule 16(4) of Companies (Share Capital and Debentures) Rules, 2014.

Acknowledgements

Your Directors take this opportunity to express their thankfulness and profound gratitude to the Shareholders, Banks, Financial Institutions, Clienteles, Vendors, Central / State Governments and other governing authorities, for their support, continued backing, co-operation and guidance.

For and on behalf of the Board of Directors of
D. B. Corp Limited
Sudhir Agarwal Pawan Agarwal
Managing Director Dy. Managing Director
DIN: 00051407 DIN: 00465092
Place: Mumbai
Date: July 18, 2019
Encl.: Annexure A to E

   

D B Corp Ltd Company Background

Sudhir Agarwal
Incorporation Year1995
Registered OfficeP No280 Near YMCA Club Makarba,Sarkhej-Gandhinagar Highway
Ahmedabad,Gujarat-380051
Telephone91-79-39888850,Managing Director
Fax91-79-39814001
Company SecretaryAnita Gokhale
AuditorPrice Waterhouse Chartered Accountants LLP
Face Value10
Market Lot1
ListingBSE,MSEI ,NSE,
RegistrarKFin Techologies Pvt Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032

D B Corp Ltd Company Management

Director NameDirector DesignationYear
Sudhir Agarwal Managing Director 2019
Girish Agarwal Director 2019
Pawan Agarwal Deputy Managing Director 2019
Piyush Pandey Independent Director 2019
Ashwani Kumar B Singhal Independent Director 2019
Harish Bijoor Independent Director 2019
Anita Gokhale Company Secretary 2019
Anupriya Acharya Independent Director 2019

D B Corp Ltd Listing Information

Listing Information
BSE_500
BSE_TECK
CNX500
BSESMALLCA
CNXMEDIA
BSEALLCAP
GOODSSERVI
SML250
MSL400

D B Corp Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Advertisement Revenue NA 0001762.482
News Papers No 000519.02
Sale of Services NA 000125.772
Other Operating Income NA 00050.72
Magazines NA 0004.703
Magazines (Copies) No 0000
Newspaper (Copies) No 0000
Sales NA 0000
Sale of Power Uni0000
Cold Set Machines No 0000
heat Set Machines No 0000
wastage Sale NA 0000
Event Managment Services NA 0000

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