DB (International) Stock Brokers Limited (DBSTOCKBRO) AI Stock Analysis

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DB (International) Stock Brokers Limited

(NSE:DBSTOCKBRO)

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Rating:53Neutral

Price Target:INR 33.00▲(1.54% Upside)

Action:reiterated

Date:10/24/26

Primarily influenced by moderate financial performance with cash flow weaknesses and weak technical indicators, with valuation concerns due to high P/E ratio further pressuring the score.

Positive Factors

Conservative balance sheetPersistently low leverage gives DBSTOCKBRO financial resilience and reduces pressure from interest obligations. A stronger equity base also provides a stable platform for continuing brokerage operations and absorbing business volatility without relying heavily on external borrowing.

Negative Factors

Weak cash conversionRecent negative free cash flow indicates that reported earnings are not consistently translating into cash available for reinvestment or capital allocation. Continued weak conversion could constrain financial flexibility and make the business more sensitive to working-capital swings or softer operating conditions.

DB (International) Stock Brokers Limited (DBSTOCKBRO) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.13B
Dividend Yield: ―
Average Volume (3M): 4,448
Price to Earnings (P/E): 45.9
Beta (1Y): 0.72
Revenue Growth: 2.35%
EPS Growth: -44.06%
Country: India
Employees: 74
Sector: General
Sector Strength: 55
Industry: Financial - Capital Markets

DB (International) Stock Brokers Limited Business Overview & Revenue Model

Company Description

DB (International) Stock Brokers Limited operates in India, providing stock brokerage and CDSL depository participant facilities. The company also extends a wide range of services to Non-Resident Indians (NRIs), which includes equity and derivative t...

How the Company Makes Money

DB (International) Stock Brokers Limited primarily makes money through fees and commissions earned from providing brokerage and related capital markets services. Key revenue streams typically include: (1) Brokerage commissions and transaction fees ch...

DB (International) Stock Brokers Limited Financial Statement Overview

Summary

Mixed results: strong balance sheet with low debt-to-equity of 0.027, but weak cash flows with negative free cash flow and volatile history. Income statement shows recent growth but past inconsistencies.

Income Statement

65Positive

Balance Sheet

80Positive

Cash Flow

40Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	326.98M	276.72M	156.33M	130.49M	93.68M	262.41M
Gross Profit	121.62M	113.29M	-42.83M	-80.13M	54.87M	172.10M
EBITDA	46.19M	55.72M	98.90M	153.94M	100.48M	118.18M
Net Income	24.43M	31.14M	57.87M	90.48M	63.75M	86.37M
Balance Sheet
Total Assets	1.41B	1.16B	1.11B	1.30B	1.05B	970.90M
Cash, Cash Equivalents and Short-Term Investments	1.20B	956.11M	64.93M	89.39M	232.64M	166.05M
Total Debt	16.93M	20.10M	29.27M	40.21M	71.31M	23.64M
Total Liabilities	643.36M	402.88M	384.79M	633.86M	477.87M	463.53M
Stockholders Equity	770.57M	756.97M	720.23M	662.98M	572.02M	507.37M
Cash Flow
Free Cash Flow	0	-485.00K	-5.49M	-74.24M	111.17M	218.66M
Operating Cash Flow	0	9.59M	1.60M	-70.68M	137.61M	223.78M
Investing Cash Flow	0	-10.07M	-6.99M	-3.48M	-25.82M	-140.95M
Financing Cash Flow	0	-10.63M	-23.71M	-63.01M	45.95M	-1.56M

DB (International) Stock Brokers Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price32.50

Price Trends

50DMA30.40Positive

100DMA32.20Positive

200DMA29.65Positive

Market Momentum

MACD0.38Negative

RSI58.13Neutral

STOCH77.54Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DBSTOCKBRO, the sentiment is Positive. The current price of 32.50 is above the 20-day moving average (MA) of 30.40, above the 50-day MA of 30.40, and above the 200-day MA of 29.65, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 58.13 is Neutral, neither overbought nor oversold. The STOCH value of 77.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DBSTOCKBRO.

DB (International) Stock Brokers Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:DBSTOCKBRO against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:SMCGLOBAL	68Neutral	INR 20.04B	17.23	―	1.26%	17.97%	18.76%
IN:ARIHANTCAP	67Neutral	INR 10.21B	21.12	―	0.54%	22.07%	0.35%
IN:ANGELONE	64Neutral	INR 319.38B	27.52	―	1.85%	21.45%	46.53%
IN:GEOJITFSL	57Neutral	INR 20.03B	30.02	―	2.09%	2.10%	-43.37%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:CHOICEIN	54Neutral	INR 162.16B	61.28	―	―	33.57%	22.48%
IN:DBSTOCKBRO	53Neutral	INR 1.14B	45.93	―	―	2.35%	-44.06%

* General Sector Average

Performance Comparison

IN:DBSTOCKBRO and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:DBSTOCKBRO	DB (International) Stock Brokers Limited	32.50	7.69	31.00%
IN:ANGELONE	Angel One Limited	349.00	71.09	25.58%
IN:ARIHANTCAP	Arihant Capital Markets Limited	93.16	-6.12	-6.17%
IN:CHOICEIN	Choice International Limited	727.90	-61.65	-7.81%
IN:GEOJITFSL	Geojit Financial Services Ltd	71.77	-2.43	-3.27%
IN:SMCGLOBAL	SMC Global Securities Ltd. (India)	95.70	32.58	51.62%

DB (International) Stock Brokers Limited Corporate Events

DB (International) Stock Brokers to Close Trading Window Ahead of Q2 Results

Sep 25, 2026

DB (International) Stock Brokers Limited has announced the closure of its trading window for designated persons and their immediate relatives from October 01, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations. The restriction will...

DB (International) Stock Brokers Board Clears Plan to Transfer Major Client Business

Sep 17, 2026

DB (International) Stock Brokers Limited’s board has approved a plan to transfer its major client business, covering trading, depository participant services, mutual funds and other financial products, to a prospective buyer. The move, which requires...

DB (International) Stock Brokers sets September 29, 2026 virtual AGM to approve FY26 accounts and MD reappointment

Sep 5, 2026

DB (International) Stock Brokers Limited has scheduled its 34th Annual General Meeting for September 29, 2026, at 10:30 a.m., to be conducted via video conferencing and other audio-visual means. The AGM will consider adoption of the standalone and co...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 24, 2026

DB (International) Stock Brokers Limited AI Stock Analysis