Dhanlaxmi Bank
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Dhanlaxmi Bank share price

Dhanlaxmi Bank Ltd.

NSE: DHANBANK BSE: 532180 SECTOR: Bank - Private  82k   145   25

41.82
+1.47 (3.64%)
NSE: 20 Dec 04:02 PM

Price Summary

Today's High

₹ 42.8

Today's Low

₹ 41

52 Week High

₹ 59

52 Week Low

₹ 29.25

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 1058.1 Cr.

CASA %

30.66

No. of Shares

25.3 Cr.

P/E

43.78

P/B

1.18

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  35.43

Net Interest Income

₹ 458.45 Cr.

Cost To Income %

88.66

Promoter Holding

0 %

EPS (TTM)

₹  0.96

CAR %

12.71

ROE

6.92 %

ROCE

5.78%

Profit Growth

17.14 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

ROE%

1 Year6.92%
3 Year6.02%
5 Year6.67%

ROA%

1 Year0.37%
3 Year0.33%
5 Year0.36%

Net NPA%

1 Year1.25%
3 Year1.75%
5 Year2.31%

 NIM

1 Year3.05%
3 Year3.07%
5 Year3.04%

CAR %

12.71

Cost of Liabilities %

5.1307

PEG Ratio

2.55

Advances Growth %

6.8839

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 0.00 0.00
Jun 2024 0.00 0.00
Mar 2024 0.00 0.00
Dec 2023 0.00 0.00
Sep 2023 0.00 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has been consistently maintaining a NIM of 3.06992465704978% since last 3 years.
  • The company has delivered good Profit growth of 15.8500225656443% over the past 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is 0.326740569984032%
  • CASA Growth of -1.2433% YoY, which is very low.
  • Company has a low ROE of 6.02104188212692% over the last 3 years.
  • High Cost to income ratio of 88.6644%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Interest Earned 303.9 307.72 306.23 305.84 328.83
Other Income 23.53 35.7 41.07 32.1 51.81
Interest Expended 182.94 193.72 201.37 205.95 208
Operating Expenses 126.89 127.39 163.37 135.28 139.51
Total Provisions -8.82 19.26 -28.15 4.71 0.57
Profit Before Tax 26.42 3.05 10.71 -8 32.56
Tax 3.26 0 7.4 0 6.75
Net Profit 23.16 3.05 3.31 -8 25.81
Net NPA % 1.29 1.27 1.25 1.26 1.12
Gross NPA % 5.36 4.81 4.05 4.04 3.82
Return on Assets % 0.61 0.08 0.08 -0.2 0.22
NPM % 7.62 0.99 1.08 -2.62 7.85

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Interest Earned 987.59 930.75 916.64 1071.24 1206.99
Other Income 112.85 122.22 169.12 74.52 152.56
Interest Expended 614.41 601.1 554.32 595.48 748.54
Operating Expenses 324.06 366.04 397.13 427.07 541.75
Total Provisions 96.19 48.64 98.39 73.84 11.44
Profit Before Tax 65.78 37.19 35.9 49.36 57.82
Taxes 0 0 0 0 0
Net Profit 65.78 37.19 35.9 49.36 57.82
Adjusted EPS (Rs.) 2.6 1.47 1.42 1.95 2.29

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 253.01 253.01 253.01 253.01 253.01
Total Reserves 573.9 611.09 646.99 708.14 776.75
Deposits 10904.07 11711.9 12402.89 13351.65 14290.31
Borrowings 177.5 150 150 492.38 299.04
Other Liabilities 356.61 370.5 342.87 326.95 342.78
Total Liabilities 12265.09 13096.51 13795.76 15132.13 15961.89
Assets
Balance with RBI 548.52 602.12 708.4 836.34 760.03
Balance with Banks 580.82 382.85 27.44 10.29 214.59
Investments 3682.4 4438.97 4044.06 3888.64 3942.4
Advances 6496.1 6787.4 8141.98 9451.52 10102.16
Net Block 178.87 224.93 221 250.86 266.51
Other Assets 743.55 660.24 652.88 687.77 668.37
Total Assets 12265.09 13096.51 13795.76 15132.13 15961.89
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

 No Promoters Data available for this company.
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PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 100.00 100.00 100.00 100.00 100.00
antara india evergreen fu... - 2.15 1.76 - 1.76
b ravindran pillai 10.00 10.00 10.00 10.00 10.00
dr. jineesh nath c.k - - - - 7.50
investor education and pr... - - - 0.53 0.53
kapilkumar wadhawan - 5.00 5.00 5.00 5.00
mohanachandran nair balak... - - 1.60 1.60 1.60
p raja mohan rao - 2.44 2.44 2.44 2.44
shital raghu kataria - 2.63 2.63 2.30 2.30
unico global oppurtunitie... - - - - 2.61
yusuufali musliam veettil... - - - - 5.00
antara india evergreen fu... 2.15 - - 1.76 -
jineesh nath c k - 7.50 7.50 7.50 -
vespera fund limited 4.42 4.42 - 2.61 -
yussuffali musliam veetti... - 5.00 - 5.00 -
investor education and pr... 0.53 - 0.53 - -
vespera fund ltd - - 2.61 - -
yusuffali musliam veetil ... - - 5.00 - -
agnus ventures llp 1.38 1.38 - - -
elara india oppurtunities... - 1.26 - - -
mgc fund limited 2.17 2.17 - - -
mohanachandran nair b - 1.60 - - -
suashish diamonds limited... 1.71 1.71 - - -
elara india oppurtunities... 1.26 - - - -
gopinathan c k 7.50 - - - -
shital ragu kataria 2.63 - - - -
yusuffali musliam veettil... 5.00 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Dhanlaxmi Bank informs about press release 19 Oct, 2:04 PM Dhanlaxmi Bank’s net profit rises 11% to Rs 25.81 crore in Q2FY25 17 Oct, 4:48 PM Dhanlaxmi Bank - Quaterly Results 17 Oct, 1:21 PM Dhanlaxmi Bank - Quaterly Results 17 Oct, 1:21 PM Dhanlaxmi Bank - Quaterly Results 17 Oct, 1:21 PM Dhanlaxmi Bank informs about business updates 5 Oct, 3:14 PM Dhanlaxmi Bank informs about dispatch of postal ballot notice 14 Aug, 4:58 PM Dhanlaxmi Bank - Quaterly Results 12 Aug, 1:17 PM Dhanlaxmi Bank - Quaterly Results 12 Aug, 1:17 PM Dhanlaxmi Bank - Quaterly Results 12 Aug, 1:17 PM Dhanlaxmi Bank informs about board meeting 6 Aug, 5:11 PM Dhanlaxmi Bank informs about loss of share certificate 23 Jul, 5:30 PM Dhanlaxmi Bank informs about business update 5 Jul, 3:52 PM Dhanlaxmi Bank reports 6% growth in gross advances in Q1FY25 5 Jul, 2:58 PM Dhanlaxmi Bank informs about loss of share certificates 7 Jun, 3:45 PM Dhanlaxmi Bank - Quaterly Results 22 May, 5:30 PM Dhanlaxmi Bank - Quaterly Results 22 May, 5:30 PM Dhanlaxmi Bank informs about certificate 23 Apr, 3:57 PM Dhanlaxmi Bank reports 6% growth in gross advances in Q4FY24 3 Apr, 5:36 PM Dhanlaxmi Bank informs about change in management 2 Mar, 12:17 PM Dhanlaxmi Bank informs about postal ballot notice 19 Feb, 5:07 PM Dhanlaxmi Bank informs about alteration of AOA 19 Feb, 2:43 PM Dhanlaxmi Bank - Quaterly Results 2 Feb, 2:25 PM Dhanlaxmi Bank - Quaterly Results 2 Feb, 2:25 PM Dhanlaxmi Bank - Quaterly Results 2 Feb, 2:25 PM RBI imposes penalty of Rs 1.20 crore on Dhanlaxmi Bank 15 Jan, 11:42 AM Dhanlaxmi Bank informs about demises of director 28 Nov, 3:05 PM Dhanlaxmi Bank informs about appointment of director 18 Nov, 3:58 PM Dhanlaxmi Bank - Quaterly Results 9 Nov, 5:30 PM Dhanlaxmi Bank - Quaterly Results 9 Nov, 5:30 PM Dhanlaxmi Bank informs about AGM 8 Sep, 3:32 PM Dhanlaxmi Bank turns black in Q1 31 Jul, 3:52 PM Dhanlaxmi Bank - Quaterly Results 31 Jul, 2:35 PM Dhanlaxmi Bank - Quaterly Results 31 Jul, 2:35 PM Dhanlaxmi Bank - Quaterly Results 31 Jul, 2:35 PM Dhanlaxmi Bank informs about payment of non-convertible securities 4 Jul, 4:14 PM Dhanlaxmi Bank reports 6% rise in total deposits during first quarter of FY24 4 Jul, 2:31 PM Dhanlaxmi Bank informs about interest payment of bonds 1 Jul, 11:58 AM Dhanlaxmi Bank reports 63% rise in Q4 net profit 22 May, 6:19 PM Dhanlaxmi Bank - Quaterly Results 22 May, 5:03 PM Dhanlaxmi Bank - Quaterly Results 22 May, 5:03 PM Dhanlaxmi Bank informs about board meeting 12 May, 4:10 PM Dhanlaxmi Bank reports 7% rise in total deposits during fourth quarter of FY23 3 Apr, 2:30 PM Dhanlaxmi bank informs about unaudited financial results 31 Jan, 2:59 PM Dhanlaxmi Bank - Quaterly Results 31 Jan, 2:01 PM Dhanlaxmi Bank - Quaterly Results 31 Jan, 2:01 PM Dhanlaxmi Bank - Quaterly Results 31 Jan, 2:01 PM Dhanlaxmi Bank reports 22% rise in gross advance in Q3FY23 2 Jan, 6:04 PM Dhanlaxmi Bank gets nod to raise Rs 300 crore via NCDs 5 Dec, 3:17 PM Dhanlaxmi Bank planning to raise Rs 300 crore through bonds 29 Nov, 10:29 AM

Dhanlaxmi Bank Stock Price Analysis and Quick Research Report. Is Dhanlaxmi Bank an attractive stock to invest in?

 

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Dhanlaxmi Bank stock price today is Rs 41.82. Let’s look at how Dhanlaxmi Bank is performing and if it is the right time to buy the stock of Dhanlaxmi Bank with detailed analysis.

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Dhanlaxmi Bank has earned Rs 1206.9906 Cr. revenue in the latest financial year. Dhanlaxmi Bank has posted decent revenue growth of 9.04951825390601 % in last 3 Years.

  • In terms of advances, Dhanlaxmi Bank reported 6.8839 % YOY,  rise . If you see 3 years advance growth, it stands at 14.1747960306418 %.

  • Currently, Dhanlaxmi Bank has a CASA ratio of 30.6602 %. It’s overall cost of liability stands at 5.1307 %. Also, the total deposits of Dhanlaxmi Bank from these accounts stood at Rs 14290.3085 Cr.

  • Dhanlaxmi Bank has a Poor ROA track record. The ROA of Dhanlaxmi Bank is at 0.3719 %.

  • The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 4.05 % and 1.25 % respectively as on the latest financial year.

  • One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -84.5075648824775 % which means it has decreased from the previous year.

  • Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Dhanlaxmi Bank surged and is currently at Rs 152.5595 Cr.

  • Dhanlaxmi Bank has a inadequate Capital Adequacy Ratio of 12.71 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Dhanlaxmi Bank is trading at a P/B of 1.1819 . The historical average PB of Dhanlaxmi Bank was 0.57613163436905.

  • Share Price: - The current share price of Dhanlaxmi Bank is Rs 41.82. One can use valuation calculators of ticker to know if Dhanlaxmi Bank share price is undervalued or overvalued.

Last Updated on:
Brief about Dhanlaxmi Bank
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