Hi Vasishta,
Frankly speaking even if you modify some components in your DVD player you will be able to get the high quality you are looking for without spending tons of your hard earned money.
I am taking up a project of modifying certain components of my Pioneer DVD player DV-373S. I noticed in this DVD player which i had purchased way back in the year 2004 it uses the same Burr-Brown DAC chip BB-1742 which itself is a 24bit/192KHz sampling DAC. I also noticed that the output of the DAC is given to an OP-AMP which is an entry level BA4560 chip. I will be replacing this SOIC chip with a good quality National Semi-conductor LM4562MA dual OP-AMP chip which has a very high slew rate and THD is 0.0000003%. Also this OP-AMP has a band width of 55MHZ and the CMRR and PSRR is greater than 120dB. To sum-up this chip is used in very high-end CD player or for military or communication device audio application. The chip used in the Pioneer DVD is costing Rs.25/- each but the replacement chip will be around Rs.350/- which is a fair enough deal. Also i noticed that the output of the OP-AMP has a DC blocking capacitor of electrolytic type which i will be replacing with a bi-polar type. Making these minor modification will help me to get a better quality audio for the current DVD player. Will keep posted you guys with the end result by next week.
Cheers,
Will also be considering replacing the PCM1742 (16 pin) with PCM1792 (28 Pin) which is also a 24bit/192KHz DAC but has far better specification than the PCM1742. But unfortunately these two chips are not pin compatiable. The PCM1792 will require some additional external circuits and i will require to carefully map the pins of both the chips. The PCM1792 cost a whopping Rs.1400/- and being a CMOS chip is suspecitable to damage due to static discharge. Let me try the op-amp changes first then will consider the PCM1792 swap later. I will need to build this circut externally and solder them to the PCB later.