Dhanlaxmi Bank Ltd
Dhanlaxmi Bank Ltd was Incorporated in 1927 in Thrissur, Kerala is a publicly held banking company engaged in providing a wide range of banking and financial services including retail banking, corporate banking, and treasury operations with a major concentration in Southern states. [1]
- Market Cap ₹ 1,066 Cr.
- Current Price ₹ 42.1
- High / Low ₹ 59.0 / 18.1
- Stock P/E 18.4
- Book Value ₹ 38.0
- Dividend Yield 0.00 %
- ROCE 5.53 %
- ROE 6.02 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.11 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 5.12% over last 3 years.
- Contingent liabilities of Rs.968 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
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1,308 | 1,292 | 1,284 | 1,204 | 1,089 | 1,013 | 971 | 988 | 931 | 917 | 1,071 | 1,207 |
Interest | 1,032 | 1,012 | 985 | 900 | 757 | 668 | 625 | 614 | 601 | 554 | 595 | 749 |
383 | 574 | 607 | 566 | 410 | 460 | 377 | 407 | 399 | 476 | 480 | 541 | |
Financing Profit | -107 | -294 | -308 | -261 | -78 | -114 | -30 | -34 | -70 | -113 | -4 | -82 |
Financing Margin % | -8% | -23% | -24% | -22% | -7% | -11% | -3% | -3% | -7% | -12% | -0% | -7% |
114 | 73 | 85 | 77 | 111 | 102 | 53 | 113 | 122 | 169 | 75 | 153 | |
Depreciation | 31 | 31 | 18 | 25 | 20 | 13 | 11 | 13 | 15 | 20 | 21 | 0 |
Profit before tax | -23 | -252 | -241 | -209 | 12 | -25 | 12 | 66 | 37 | 36 | 49 | 70 |
Tax % | 111% | -0% | -0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 18% |
3 | -252 | -241 | -209 | 12 | -25 | 12 | 66 | 37 | 36 | 49 | 58 | |
EPS in Rs | 0.31 | -20.00 | -13.61 | -11.80 | 0.59 | -0.98 | 0.46 | 2.60 | 1.47 | 1.42 | 1.95 | 2.29 |
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: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 37% |
3 Years: | 16% |
TTM: | 19% |
Stock Price CAGR | |
---|---|
10 Years: | -3% |
5 Years: | 22% |
3 Years: | 38% |
1 Year: | 131% |
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 | |
Reserves | 681 | 610 | 546 | 331 | 445 | 496 | 508 | 574 | 611 | 647 | 708 | |
12,794 | 13,469 | 13,323 | 11,606 | 11,439 | 11,312 | 10,804 | 11,082 | 11,862 | 12,553 | 13,844 | ||
269 | 482 | 305 | 349 | 240 | 225 | 234 | 357 | 370 | 343 | 327 | ||
Total Liabilities | 13,830 | 14,688 | 14,352 | 12,463 | 12,333 | 12,286 | 11,799 | 12,265 | 13,096 | 13,796 | 15,132 | |
125 | 199 | 184 | 152 | 183 | 173 | 169 | 179 | 225 | 221 | 251 | ||
CWIP | 10 | 13 | 19 | 27 | 31 | 31 | 33 | 35 | 0 | 0 | 7 | |
Investments | 4,509 | 4,482 | 4,497 | 3,792 | 4,194 | 4,365 | 4,037 | 3,682 | 4,439 | 4,044 | 3,889 | |
9,184 | 9,993 | 9,652 | 8,492 | 7,925 | 7,718 | 7,560 | 8,369 | 8,433 | 9,531 | 10,986 | ||
Total Assets | 13,830 | 14,688 | 14,352 | 12,463 | 12,333 | 12,286 | 11,799 | 12,265 | 13,096 | 13,796 | 15,132 |
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% |
Documents
Announcements
- Closure of Trading Window 29 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 28 Jun
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 20 Jun
-
Announcement under Regulation 30 (LODR)-Change in Management
20 Jun - Appointment of Managing Director & CEO - Updates
-
Announcement under Regulation 30 (LODR)-Change in Management
18 Jun - Appointment of Shri. Ajith Kumar K. K as Managing Director & CEO of the Bank.
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from nse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
Business Segments
The bank provides its services through its primary 4 segments i.e Treasury operations, corporate wholesale banking Retail Banking & other banking business. [1]