DCB Bank Ltd

DCB Bank Ltd

₹ 137 -0.44%
14 Jun - close price
About

DCB Bank was incorporated in 1995, by reconstituting the Development Co-operative Bank Ltd (DCBL) to Development Credit Bank Ltd as a joint-stock banking company.[1]

Key Points

Key Ratios - FY24
Capital Adequacy Ratio - 16.59% vs 17.55 in FY23
Gross NPA - 3.23% vs 3.19% in FY23
Net NPA - 1.11% vs 1.04% in FY23
CASA Ratio - 26.02% vs 26.42%
Provision Coverage Ratio: 77.30% vs 79.34% in FY23[1]
Net Interest Margin - 3.65 vs 3.93% in FY23 [2]

  • Market Cap 4,272 Cr.
  • Current Price 137
  • High / Low 163 / 110
  • Stock P/E 7.97
  • Book Value 162
  • Dividend Yield 0.92 %
  • ROCE 7.52 %
  • ROE 11.1 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.84 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 14.8%
  • Company has a low return on equity of 9.90% over last 3 years.
  • Contingent liabilities of Rs.9,909 Cr.

* 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

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 837 846 869 878 920 949 1,000 1,072 1,179 1,238 1,306 1,374 1,445
Interest 526 537 546 533 539 575 589 626 693 767 830 900 937
337 384 332 362 342 335 359 388 417 407 412 427 434
Financing Profit -26 -76 -9 -16 38 39 52 58 69 64 63 47 73
Financing Margin % -3% -9% -1% -2% 4% 4% 5% 5% 6% 5% 5% 3% 5%
130 121 98 118 115 92 99 95 122 107 107 124 136
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 104 46 89 102 153 131 152 153 191 171 171 171 210
Tax % 25% 26% 27% 26% 26% 26% 26% 26% 26% 26% 26% 26% 26%
78 34 65 75 113 97 112 114 142 127 127 127 156
EPS in Rs 2.51 1.09 2.09 2.43 3.65 3.12 3.61 3.66 4.57 4.07 4.06 4.06 4.98
Gross NPA % 4.13% 4.91% 4.68% 4.78% 4.32% 4.21% 3.89% 3.62% 3.19% 3.26% 3.36% 3.43% 3.23%
Net NPA % 2.31% 2.84% 2.63% 2.55% 1.97% 1.82% 1.54% 1.37% 1.04% 1.19% 1.28% 1.22% 1.11%
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
Revenue 916 1,128 1,422 1,698 2,076 2,413 3,041 3,537 3,458 3,513 4,200 5,362
Interest 632 760 914 1,079 1,279 1,418 1,892 2,272 2,172 2,155 2,483 3,434
286 338 443 550 700 866 949 1,113 1,223 1,356 1,422 1,586
Financing Profit -1 31 66 70 97 129 201 152 64 1 295 342
Financing Margin % -0% 3% 5% 4% 5% 5% 7% 4% 2% 0% 7% 6%
117 139 166 220 249 310 350 391 446 452 409 474
Depreciation 14 18 23 29 39 53 44 51 57 64 77 94
Profit before tax 102 151 208 261 307 386 507 492 453 390 628 722
Tax % 0% 0% 8% 26% 35% 36% 36% 31% 26% 26% 26% 26%
102 151 191 195 200 245 325 338 336 288 466 536
EPS in Rs 4.08 6.05 6.78 6.84 7.00 7.96 10.51 10.89 10.81 9.25 14.95 17.13
Dividend Payout % 0% 0% 0% 0% 7% 9% 10% 0% 0% 11% 8% 7%
Compounded Sales Growth
10 Years: 17%
5 Years: 12%
3 Years: 16%
TTM: 28%
Compounded Profit Growth
10 Years: 13%
5 Years: 10%
3 Years: 17%
TTM: 15%
Stock Price CAGR
10 Years: 6%
5 Years: -10%
3 Years: 7%
1 Year: 15%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 10%
Last Year: 11%

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 250 250 282 284 285 308 310 310 311 311 312 313
Reserves 753 904 1,307 1,508 1,920 2,500 2,806 3,112 3,448 3,738 4,255 4,758
9,889 11,185 13,773 16,074 20,565 25,934 31,158 33,778 34,186 38,774 45,357 55,573
386 584 771 1,252 1,276 1,481 1,518 1,305 1,657 2,018 2,443 2,393
Total Liabilities 11,279 12,923 16,132 19,119 24,046 30,222 35,792 38,505 39,602 44,840 52,366 63,037
236 239 237 248 489 494 526 546 569 608 783 841
CWIP 3 0 0 0 0 0 0 0 0 53 44 24
Investments 3,359 3,634 3,962 4,333 5,818 6,219 7,844 7,742 8,414 9,098 12,582 16,211
7,681 9,050 11,933 14,537 17,740 23,509 27,422 30,218 30,620 35,081 38,957 45,961
Total Assets 11,279 12,923 16,132 19,119 24,046 30,222 35,792 38,505 39,602 44,840 52,366 63,037

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
55 490 -496 220 240 230 -281 171 -1,502 1,606 -1,566 -1,240
-71 -19 -29 -41 -71 -59 -76 -72 -79 -157 -165 -133
443 -665 554 -6 132 1,009 779 654 1,075 -398 8 2,070
Net Cash Flow 427 -194 30 172 301 1,180 421 752 -507 1,051 -1,722 697

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 % 11% 14% 14% 12% 10% 10% 11% 10% 9% 7% 11% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
14.88% 14.87% 14.87% 14.86% 14.85% 14.85% 14.85% 14.83% 14.82% 14.82% 14.81% 14.77%
12.15% 10.86% 9.24% 8.82% 12.45% 12.51% 12.44% 12.27% 12.30% 12.74% 13.02% 12.75%
38.54% 38.33% 39.61% 38.70% 37.62% 37.51% 39.38% 39.88% 39.70% 38.99% 34.20% 29.65%
34.44% 35.94% 36.27% 37.63% 35.07% 35.13% 33.35% 33.01% 33.19% 33.46% 37.98% 42.82%
No. of Shareholders 1,97,9502,00,1631,97,8061,98,2271,92,5761,90,6801,80,7411,80,3101,70,1861,72,6191,85,6922,48,471

* 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.

Documents

Concalls