Dhanlaxmi Bank Ltd

Dhanlaxmi Bank Ltd

₹ 43.6 0.46%
23 Apr - close price
About

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]

Key Points

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]

  • Market Cap 1,095 Cr.
  • Current Price 43.6
  • High / Low 59.0 / 16.2
  • Stock P/E 11.8
  • Book Value 38.0
  • Dividend Yield 0.00 %
  • ROCE 4.56 %
  • ROE 5.22 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.15 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 1.12% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 4.57% 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

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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 237.36 212.77 218.10 229.01 234.63 234.91 258.37 262.50 276.26 274.10 289.14 303.90 307.72
Interest 146.70 141.49 138.60 138.35 138.89 138.49 141.07 146.06 149.40 158.95 170.51 182.94 193.72
130.20 81.22 100.84 124.78 128.24 140.48 122.18 123.31 141.05 132.12 140.59 118.07 146.65
Financing Profit -39.54 -9.94 -21.34 -34.12 -32.50 -44.06 -4.88 -6.87 -14.19 -16.97 -21.96 2.89 -32.65
Financing Margin % -16.66% -4.67% -9.78% -14.90% -13.85% -18.76% -1.89% -2.62% -5.14% -6.19% -7.59% 0.95% -10.61%
51.35 20.66 28.13 37.78 34.53 68.67 -21.55 22.76 35.92 37.39 52.26 23.53 35.70
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 11.81 10.72 6.79 3.66 2.03 24.61 -26.43 15.89 21.73 20.42 30.30 26.42 3.05
Tax % 0.00% 50.75% 0.00% 0.00% 0.00% 4.84% 0.00% 0.00% 0.00% -86.92% 6.60% 12.34% 0.00%
11.81 5.28 6.79 3.66 2.03 23.42 -26.43 15.89 21.73 38.17 28.30 23.16 3.05
EPS in Rs 0.47 0.21 0.27 0.14 0.08 0.93 -1.04 0.63 0.86 1.51 1.12 0.92 0.12
Gross NPA % 5.78% 9.23% 9.27% 8.67% 7.55% 6.32% 6.35% 6.04% 5.83% 5.19% 5.21% 5.36% 4.81%
Net NPA % 1.11% 4.58% 4.58% 4.92% 3.83% 2.85% 2.69% 2.32% 1.82% 1.16% 1.09% 1.29% 1.27%
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 1,394 1,308 1,292 1,284 1,204 1,089 1,013 971 988 931 917 1,071 1,175
Interest 1,146 1,032 1,012 985 900 757 668 625 614 601 554 595 706
476 383 574 607 566 410 460 377 407 399 476 480 537
Financing Profit -229 -107 -294 -308 -261 -78 -114 -30 -34 -70 -113 -4 -69
Financing Margin % -16% -8% -23% -24% -22% -7% -11% -3% -3% -7% -12% -0% -6%
144 114 73 85 77 111 102 53 113 122 169 75 149
Depreciation 29 31 31 18 25 20 13 11 13 15 20 21 0
Profit before tax -115 -23 -252 -241 -209 12 -25 12 66 37 36 49 80
Tax % -1% 111% -0% -0% 0% 0% 0% 0% 0% 0% 0% 0%
-116 3 -252 -241 -209 12 -25 12 66 37 36 49 93
EPS in Rs -13.58 0.31 -20.00 -13.61 -11.80 0.59 -0.98 0.46 2.60 1.47 1.42 1.95 3.67
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: 1%
3 Years: 3%
TTM: 14%
Compounded Profit Growth
10 Years: 34%
5 Years: 32%
3 Years: -10%
TTM: 168%
Stock Price CAGR
10 Years: 1%
5 Years: 17%
3 Years: 45%
1 Year: 163%
Return on Equity
10 Years: -7%
5 Years: 5%
3 Years: 5%
Last Year: 5%

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 85 85 126 177 177 210 253 253 253 253 253 253
Reserves 643 681 610 546 331 445 496 508 574 611 647 708
13,526 12,794 13,469 13,323 11,606 11,439 11,312 10,804 11,082 11,862 12,553 13,844
422 269 482 305 349 240 225 234 357 370 343 327
Total Liabilities 14,676 13,830 14,688 14,352 12,463 12,333 12,286 11,799 12,265 13,096 13,796 15,132
139 125 199 184 152 183 173 169 179 225 221 251
CWIP 9 10 13 19 27 31 31 33 35 0 0 7
Investments 4,360 4,509 4,482 4,497 3,792 4,194 4,365 4,037 3,682 4,439 4,044 3,889
10,168 9,184 9,993 9,652 8,492 7,925 7,718 7,560 8,369 8,433 9,531 10,986
Total Assets 14,676 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 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
29 -113 649 -605 -298 -99 -203 -144 554 -90 139 216
-43 -19 -24 -10 -9 -11 -3 -10 -25 -27 -388 -106
4 143 114 230 -150 84 270 -95 -23 -28 0 0
Net Cash Flow -9 11 738 -385 -457 -26 64 -248 506 -144 -249 111

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 % -15% 0% -34% -33% -34% 2% -4% 2% 8% 4% 4% 5%

Shareholding Pattern

Numbers in percentages

17 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
11.43% 11.43% 11.49% 11.50% 11.43% 11.62% 10.84% 10.86% 10.97% 10.76% 11.89% 6.10%
0.07% 0.07% 0.08% 0.07% 0.07% 0.07% 0.07% 0.12% 0.07% 0.07% 0.07% 0.07%
88.50% 88.50% 88.43% 88.43% 88.50% 88.31% 89.07% 89.01% 88.95% 89.16% 88.04% 93.82%
No. of Shareholders 91,62597,02496,05696,86497,20296,4521,09,4081,08,5211,06,4151,18,0221,25,3892,12,869

* 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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