DCB Bank Ltd

DCB Bank Ltd

₹ 133 -1.45%
23 Feb - close price
About

DCB Bank Limited is a new generation private sector bank with 352 branches across 19 states and 3 union territories. It is a scheduled commercial bank regulated by the Reserve Bank of India. [1]

Key Points

Key Ratios - FY23
Capital Adequacy Ratio - 17.55%
Gross NPA - 3.19%
Net NPA - 1.04%
CASA Ratio - 26.42%
Provision Coverage Ratio: 79.34% [1]
Net Interest Margin - 3.93% [1]

  • Market Cap 4,153 Cr.
  • Current Price 133
  • High / Low 163 / 96.6
  • Stock P/E 7.95
  • Book Value 147
  • Dividend Yield 0.94 %
  • ROCE 6.71 %
  • ROE 10.8 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.91 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.7% over past five years.
  • Promoter holding is low: 14.8%
  • Company has a low return on equity of 9.23% over last 3 years.
  • Contingent liabilities of Rs.5,632 Cr.
  • Dividend payout has been low at 6.39% of profits over last 3 years

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 869 837 846 869 878 920 949 1,000 1,072 1,179 1,238 1,306 1,374
Interest 535 526 537 546 533 539 575 589 626 693 767 830 900
360 337 384 332 362 342 335 359 388 417 407 412 427
Financing Profit -25 -26 -76 -9 -16 38 39 52 58 69 64 63 47
Financing Margin % -3% -3% -9% -1% -2% 4% 4% 5% 5% 6% 5% 5% 3%
155 130 121 98 118 115 92 99 95 122 107 107 124
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 130 104 46 89 102 153 131 152 153 191 171 171 171
Tax % 26% 25% 26% 27% 26% 26% 26% 26% 26% 26% 26% 26% 26%
96 78 34 65 75 113 97 112 114 142 127 127 127
EPS in Rs 3.10 2.51 1.09 2.09 2.43 3.65 3.12 3.61 3.66 4.57 4.07 4.06 4.06
Gross NPA % 1.96% 4.13% 4.91% 4.68% 4.78% 4.32% 4.21% 3.89% 3.62% 3.19% 3.26% 3.36% 3.43%
Net NPA % 0.59% 2.31% 2.84% 2.63% 2.55% 1.97% 1.82% 1.54% 1.37% 1.04% 1.19% 1.28% 1.22%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 717 916 1,128 1,422 1,698 2,076 2,413 3,041 3,537 3,458 3,513 4,200 5,097
Interest 489 632 760 914 1,079 1,279 1,418 1,892 2,272 2,172 2,155 2,483 3,190
261 286 338 443 550 700 866 949 1,113 1,223 1,356 1,422 1,663
Financing Profit -33 -1 31 66 70 97 129 201 152 64 1 295 243
Financing Margin % -5% -0% 3% 5% 4% 5% 5% 7% 4% 2% 0% 7% 5%
100 117 139 166 220 249 310 350 391 446 452 409 460
Depreciation 12 14 18 23 29 39 53 44 51 57 64 77 0
Profit before tax 55 102 151 208 261 307 386 507 492 453 390 628 704
Tax % 0% 0% 0% 8% 26% 35% 36% 36% 31% 26% 26% 26%
55 102 151 191 195 200 245 325 338 336 288 466 523
EPS in Rs 2.29 4.08 6.05 6.78 6.84 7.00 7.96 10.51 10.89 10.81 9.25 14.95 16.76
Dividend Payout % 0% 0% 0% 0% 0% 7% 9% 10% 0% 0% 11% 8%
Compounded Sales Growth
10 Years: 16%
5 Years: 12%
3 Years: 6%
TTM: 29%
Compounded Profit Growth
10 Years: 16%
5 Years: 14%
3 Years: 11%
TTM: 20%
Stock Price CAGR
10 Years: 10%
5 Years: -6%
3 Years: 4%
1 Year: 17%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 9%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 241 250 250 282 284 285 308 310 310 311 311 312
Reserves 621 753 904 1,307 1,508 1,920 2,500 2,806 3,112 3,448 3,738 4,255
7,459 9,889 11,185 13,773 16,074 20,565 25,934 31,158 33,778 34,186 38,774 45,357
356 386 584 771 1,252 1,276 1,481 1,518 1,305 1,657 2,018 2,443
Total Liabilities 8,677 11,279 12,923 16,132 19,119 24,046 30,222 35,792 38,505 39,602 44,840 52,366
126 236 239 237 248 489 494 526 546 569 608 783
CWIP 59 3 0 0 0 0 0 0 0 0 53 44
Investments 2,518 3,359 3,634 3,962 4,333 5,818 6,219 7,844 7,742 8,414 9,098 12,582
5,974 7,681 9,050 11,933 14,537 17,740 23,509 27,422 30,218 30,620 35,081 38,957
Total Assets 8,677 11,279 12,923 16,132 19,119 24,046 30,222 35,792 38,505 39,602 44,840 52,366

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-406 55 490 -496 220 240 230 -281 171 -1,502 1,606 -1,566
-73 -71 -19 -29 -41 -71 -59 -76 -72 -79 -157 -165
448 443 -665 554 -6 132 1,009 779 654 1,075 -398 8
Net Cash Flow -31 427 -194 30 172 301 1,180 421 752 -507 1,051 -1,722

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 8% 11% 14% 14% 12% 10% 10% 11% 10% 9% 7% 11%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
14.88% 14.88% 14.87% 14.87% 14.86% 14.85% 14.85% 14.85% 14.83% 14.82% 14.82% 14.81%
13.04% 12.15% 10.86% 9.24% 8.82% 12.45% 12.51% 12.44% 12.27% 12.30% 12.74% 13.02%
40.54% 38.54% 38.33% 39.61% 38.70% 37.62% 37.51% 39.38% 39.88% 39.70% 38.99% 34.20%
31.54% 34.44% 35.94% 36.27% 37.63% 35.07% 35.13% 33.35% 33.01% 33.19% 33.46% 37.98%
No. of Shareholders 1,78,3481,97,9502,00,1631,97,8061,98,2271,92,5761,90,6801,80,7411,80,3101,70,1861,72,6191,85,692

* 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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