Dhanlaxmi Bank Ltd

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

Dhanlaxmi Bank Ltd

₹ 29.9 -0.37%
23 May 9:38 a.m.
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
  • Market Cap ₹ 1,179 Cr.
  • Current Price ₹ 29.9
  • High / Low ₹ 38.1 / 22.0
  • Stock P/E 17.7
  • Book Value ₹ 35.4
  • Dividend Yield 0.00 %
  • ROCE 5.47 %
  • ROE 5.50 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.85 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 5.97% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 5.51% 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

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
235 258 262 276 274 289 304 308 306 306 329 335 351
Interest 138 141 146 149 159 171 183 194 201 206 208 206 216
140 122 123 141 132 141 118 147 135 140 140 151 150
Financing Profit -44 -5 -7 -14 -17 -22 3 -33 -30 -40 -19 -22 -16
Financing Margin % -19% -2% -3% -5% -6% -8% 1% -11% -10% -13% -6% -7% -5%
69 -22 23 36 37 52 24 36 41 32 52 42 43
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 25 -26 16 22 20 30 26 3 11 -8 33 20 27
Tax % 5% 0% 0% 0% -87% 7% 12% 0% 69% 0% 21% 0% -7%
23 -26 16 22 38 28 23 3 3 -8 26 20 29
EPS in Rs 0.59 -0.67 0.40 0.55 0.97 0.72 0.59 0.08 0.08 -0.20 0.65 0.50 0.73
Gross NPA % 6.32% 6.35% 6.04% 5.83% 5.19% 5.21% 5.36% 4.81% 4.05% 4.04% 3.82% 3.53% 2.98%
Net NPA % 2.85% 2.69% 2.32% 1.82% 1.16% 1.09% 1.29% 1.27% 1.25% 1.26% 1.12% 0.86% 0.99%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,292 1,284 1,204 1,089 1,013 971 988 931 917 1,071 1,207 1,320
Interest 1,012 985 900 757 668 625 614 601 554 595 749 837
574 607 566 410 460 377 407 399 476 498 515 581
Financing Profit -294 -308 -261 -78 -114 -30 -34 -70 -113 -22 -57 -98
Financing Margin % -23% -24% -22% -7% -11% -3% -3% -7% -12% -2% -5% -7%
73 85 77 111 102 53 113 122 169 75 153 169
Depreciation 31 18 25 20 13 11 13 15 20 21 25 0
Profit before tax -252 -241 -209 12 -25 12 66 37 36 32 70 72
Tax % 0% 0% -0% 0% 0% 0% 0% 0% 0% -56% 18% 7%
-252 -241 -209 12 -25 12 66 37 36 49 58 67
EPS in Rs -12.82 -8.72 -7.57 0.38 -0.63 0.30 1.67 0.94 0.91 1.25 1.46 1.69
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: 6%
3 Years: 13%
TTM: 9%
Compounded Profit Growth
10 Years: 9%
5 Years: 0%
3 Years: 23%
TTM: 16%
Stock Price CAGR
10 Years: 0%
5 Years: 32%
3 Years: 42%
1 Year: -13%
Return on Equity
10 Years: 1%
5 Years: 5%
3 Years: 6%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 126 177 177 210 253 253 253 253 253 253 253 395
Reserves 610 546 331 445 496 508 574 611 647 708 777 1,001
Deposits 12,428 12,677 11,499 11,294 10,920 10,603 10,904 11,712 12,403 13,352 14,290 16,013
Borrowing 1,040 646 107 145 392 200 178 150 150 492 299 200
482 305 349 240 225 234 357 370 343 327 343 328
Total Liabilities 14,688 14,352 12,463 12,333 12,286 11,799 12,265 13,096 13,796 15,132 15,962 17,937
199 184 152 183 173 169 179 225 221 251 267 282
CWIP 13 19 27 31 31 33 35 0 0 7 8 0
Investments 4,482 4,497 3,792 4,194 4,365 4,037 3,682 4,439 4,044 3,889 3,942 3,955
9,993 9,652 8,492 7,925 7,718 7,560 8,369 8,433 9,531 10,986 11,745 13,700
Total Assets 14,688 14,352 12,463 12,333 12,286 11,799 12,265 13,096 13,796 15,132 15,962 17,937

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
649 -605 -298 -99 -203 -144 554 -90 139 216 17 -5
-24 -10 -9 -11 -3 -10 -25 -27 -388 -106 111 -32
114 230 -150 84 270 -95 -23 -28 0 0 0 142
Net Cash Flow 738 -385 -457 -26 64 -248 506 -144 -249 111 128 105

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
ROE % -34% -33% -34% 2% -4% 2% 8% 4% 4% 5% 6% 6%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
11.43% 11.62% 10.84% 10.86% 10.97% 10.76% 11.89% 6.10% 5.93% 4.97% 6.95% 15.26%
0.07% 0.07% 0.07% 0.12% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.16% 0.05%
88.50% 88.31% 89.07% 89.01% 88.95% 89.16% 88.04% 93.82% 93.99% 94.96% 92.90% 84.69%
No. of Shareholders 97,20296,4521,09,4081,08,5211,06,4151,18,0221,25,3892,12,8692,00,5581,85,8221,84,1281,84,543

* 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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