Publishes the 'Sandesh' Gujarati newspaper alongside a newly launched Trade in Commodities business. The Media segment, covering newspaper publishing and advertising, generated Rs. 300.53 cr in revenue (65.6% of segment revenue) with EBIT of Rs. 67.59 cr. Trade in Commodities, introduced in FY26, contributed Rs. 138.80 cr (30.3% of segment revenue) and EBIT of Rs. 18.19 cr, with most of this segment's revenue concentrated in Q4 FY26. A small Finance segment added Rs. 2.57 cr. The cost structure is led by materials at 20.5% of revenue (covering newsprint and commodity inputs), other operating expenses at 23.5%, and employee costs at 9.0%. The company plans to amalgamate Sandesh Digital Private Limited and is led by a family promoter group, with Chairman Falgunbhai Patel associated with the firm since 1974. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Media (66%), Trade in Commodities (30%), Finance (1%), Unallocated (4%). Regional Gujarati print-media publisher with a newly added commodity trading arm; family-promoter-led
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 309 | 341 | 322 | 294 | 440 |
| EBITDA (ex other income) | 79 | 97 | 82 | 69 | 84 |
| margin % | 25.5 | 28.4 | 25.4 | 23.4 | 19.2 |
| Owners' profit | 90 | 101 | 189 | 77 | 66 |
| EPS, as reported (₹) | 118.67 | 133.98 | 249.14 | 101.89 | 86.99 |
| ROE % · ROCE % | 9.4 · 12.4 | 9.6 · 12.6 | 14.9 · 18.6 | 5.7 · 7.1 | 4.6 · 6.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 22 | 96 | 154 | 67 | (145) |
| Capex | (0) | (3) | (5) | (3) | (6) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 71 | 79 | 76 | 73 | 78 | 77 | 211 | 458 |
| Profit before tax | 61 | (40) | 13 | 71 | 7 | 48 | (31) | 110 |
| Net profit | 38 | (21) | 9 | 58 | 4 | 38 | (35) | 99 |
| EPS (₹) | 50.45 | (27.47) | 12.21 | 76.68 | 5.10 | 50.84 | (45.63) | 131.43 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Media | 301 | 56.1 |
| Finance | 3 | 0.5 |
| Trade in Commodities | 138 | 25.8 |
| Unallocated | 95 | 17.7 |
| Total, before eliminations | 536 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| D.B.CORP LTD | 3,396 | 9.7 | 1.40 | 5.8 | 13.7 | 16.2 | 9.3 | 27.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 25 Aug 2026 · Notice of 83rd AGM and e-voting information published in newspapers | compliance | minimal | — | — |
| 24 Aug 2026 · AGM on September 15, 2026 along with Annual Report FY26 | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Sandesh Ltd AGM notice for Sep 15, 2026 with Rs 5 dividend and Chairman re-appointment | board shareholder meetings | low | — | — |
| 22 Aug 2026 · Sandesh 83rd AGM on Sep 15, 2026 via VC; Rs 5 dividend declared | compliance | minimal | — | — |
| 6 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 6 Aug 2026 · Sandesh publishes Q1 FY27 results in newspapers | compliance | minimal | — | — |
| 5 Aug 2026 · Board approves Sandesh Digital merger, Q1 results, Rs 5 dividend | strategic transactions | medium | — | — |
| 5 Aug 2026 · Board OKs Q1 results, Rs 5 dividend, subsidiary merger scheme | management changes | medium | — | — |
| 5 Aug 2026 · Q1 FY27 results, Rs 5 dividend, subsidiary merger approved | management changes | high | — | — |
| 5 Aug 2026 · Q1 FY27 results, Rs 5 dividend, Sandesh Digital merger approved | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| JAGRAN PRAKASHAN LIMITED |
| 1,354 |
| 7.2 |
| 0.64 |
| 3.6 |
| 8.7 |
| 11.7 |
| 7.8 |
| 20.4 |
| SANDESH LTD ◆ | 779 | 7.3 | 0.55 | 7.4 | 4.6 | 6.5 | 9.9 | 24.4 |
| HT MEDIA LIMITED | 582 | — | 0.29 | 6.5 | (2.4) | 1.4 | 10.0 | 20.8 |
| HINDUSTAN MEDIA VENT LTD | 580 | 6.5 | 0.37 | 3.4 | 3.1 | 10.0 | 6.3 | 38.1 |
| ENCODE PACKAGING INDIA LIMITED | — | — | — | — | (0.0) | (0.0) | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.3 | 9.3 | 9 of 20 | 58% |
| P/B | 0.6 | 1.0 | 5 of 17 | 69% |
| ROCE | 6.5 | 9.8 | 15 of 24 | 39% |
| ROE | 4.6 | 3.5 | 9 of 19 | 56% |
| Debt / Equity | 0.0 | 0.0 | 2 of 19 | 61% |
| EBITDA margin | 24.4 | 20.6 | 6 of 16 | 67% |
| Revenue growth | 524.9 | 9.6 | 1 of 16 | 100% |
| Profit growth | 71.4 | 19.4 | 5 of 16 | 73% |
| Market cap | 779 | 165 | 4 of 24 | 87% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
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This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
