Dhanlaxmi Bank Ltd

Dhanlaxmi Bank Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dhanlaxmi Bank Ltd

₹ 25.5 4.51%
30 Jan - close price
dhanbank.com BSE: 532180 NSE: DHANBANK
About

Incorporated in 1927, Dhanlaxmi Bank Ltd is in the business of providing banking services[1]

Key Points

Business Overview:[1]
DBL is a small-sized private sector bank headquartered at Thrissur with presence in Kerala ~58%, Tamil Nadu ~14%, Maharashtra ~7%, Karnataka ~5% and other states ~16%. It has over ~560 customer touch points including ~261 branches, ~282 ATMs, and 17 BCs across, Metro Branches ~58,
Urban Branches ~71, Semi-Urban Branches ~112 and Rural Branches ~20, as on 31st Mar 2024

Website BSE NSE - BE
  • Market Cap ₹ 1,012 Cr.
  • Current Price ₹ 25.5
  • High / Low ₹ 46.0 / 22.0
  • Stock P/E 41.9
  • Book Value ₹ 26.1
  • Dividend Yield 0.00 %
  • ROCE 5.38 %
  • ROE 5.79 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.98 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.44% over past five years.
  • Company has a low return on equity of 5.05% over last 3 years.
  • Contingent liabilities of Rs.974 Cr.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Banks Industry: Banks - Private Sector

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 229 235 235 258 262 276 274 289 304 308 306 306 329
Interest 138 139 138 141 146 149 159 171 183 194 201 206 208
125 128 140 122 123 141 132 141 118 147 135 140 140
Financing Profit -34 -32 -44 -5 -7 -14 -17 -22 3 -33 -30 -40 -19
Financing Margin % -15% -14% -19% -2% -3% -5% -6% -8% 1% -11% -10% -13% -6%
38 35 69 -22 23 36 37 52 24 36 41 32 52
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 4 2 25 -26 16 22 20 30 26 3 11 -8 33
Tax % 0% 0% 5% 0% 0% 0% -87% 7% 12% 0% 69% 0% 21%
4 2 23 -26 16 22 38 28 23 3 3 -8 26
EPS in Rs 0.09 0.05 0.59 -0.67 0.40 0.55 0.97 0.72 0.59 0.08 0.08 -0.20 0.65
Gross NPA % 8.67% 7.55% 6.32% 6.35% 6.04% 5.83% 5.19% 5.21% 5.36% 4.81% 4.05% 4.04% 3.82%
Net NPA % 4.92% 3.83% 2.85% 2.69% 2.32% 1.82% 1.16% 1.09% 1.29% 1.27% 1.25% 1.26% 1.12%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 1,308 1,292 1,284 1,204 1,089 1,013 971 988 931 917 1,071 1,207 1,249
Interest 1,032 1,012 985 900 757 668 625 614 601 554 595 749 809
383 574 607 566 410 460 377 407 399 476 498 515 562
Financing Profit -107 -294 -308 -261 -78 -114 -30 -34 -70 -113 -22 -57 -122
Financing Margin % -8% -23% -24% -22% -7% -11% -3% -3% -7% -12% -2% -5% -10%
114 73 85 77 111 102 53 113 122 169 75 153 161
Depreciation 31 31 18 25 20 13 11 13 15 20 21 25 0
Profit before tax -23 -252 -241 -209 12 -25 12 66 37 36 32 70 38
Tax % -111% 0% 0% -0% 0% 0% 0% 0% 0% 0% -56% 18%
3 -252 -241 -209 12 -25 12 66 37 36 49 58 24
EPS in Rs 0.20 -12.82 -8.72 -7.57 0.38 -0.63 0.30 1.67 0.94 0.91 1.25 1.46 0.61
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: 4%
3 Years: 9%
TTM: 9%
Compounded Profit Growth
10 Years: 8%
5 Years: 37%
3 Years: 16%
TTM: -78%
Stock Price CAGR
10 Years: -1%
5 Years: 17%
3 Years: 28%
1 Year: -43%
Return on Equity
10 Years: -3%
5 Years: 6%
3 Years: 5%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 85 126 177 177 210 253 253 253 253 253 253 253
Reserves 681 610 546 331 445 496 508 574 611 647 708 777
12,794 13,469 13,323 11,606 11,439 11,312 10,804 11,082 11,862 12,553 13,844 14,589
269 482 305 349 240 225 234 357 370 343 327 343
Total Liabilities 13,830 14,688 14,352 12,463 12,333 12,286 11,799 12,265 13,096 13,796 15,132 15,962
125 199 184 152 183 173 169 179 225 221 251 267
CWIP 10 13 19 27 31 31 33 35 0 0 7 8
Investments 4,509 4,482 4,497 3,792 4,194 4,365 4,037 3,682 4,439 4,044 3,889 3,942
9,184 9,993 9,652 8,492 7,925 7,718 7,560 8,369 8,433 9,531 10,986 11,745
Total Assets 13,830 14,688 14,352 12,463 12,333 12,286 11,799 12,265 13,096 13,796 15,132 15,962

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-113 649 -605 -298 -99 -203 -144 554 -90 139 216 17
-19 -24 -10 -9 -11 -3 -10 -25 -27 -388 -106 111
143 114 230 -150 84 270 -95 -23 -28 0 0 0
Net Cash Flow 11 738 -385 -457 -26 64 -248 506 -144 -249 111 128

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 0% -34% -33% -34% 2% -4% 2% 8% 4% 4% 5% 6%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
11.50% 11.43% 11.62% 10.84% 10.86% 10.97% 10.76% 11.89% 6.10% 5.93% 4.97% 6.95%
0.07% 0.07% 0.07% 0.07% 0.12% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.16%
88.43% 88.50% 88.31% 89.07% 89.01% 88.95% 89.16% 88.04% 93.82% 93.99% 94.96% 92.90%
No. of Shareholders 96,86497,20296,4521,09,4081,08,5211,06,4151,18,0221,25,3892,12,8692,00,5581,85,8221,84,128

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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