Dhanlaxmi Bank Ltd
Incorporated in 1927, Dhanlaxmi Bank Ltd is in the business of providing banking services[1]
- Market Cap ₹ 897 Cr.
- Current Price ₹ 35.5
- High / Low ₹ 59.0 / 27.8
- Stock P/E 37.1
- Book Value ₹ 40.7
- Dividend Yield 0.00 %
- ROCE 5.38 %
- ROE 5.79 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.87 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 5.05% 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
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1,308 | 1,292 | 1,284 | 1,204 | 1,089 | 1,013 | 971 | 988 | 931 | 917 | 1,071 | 1,207 | 1,249 |
Interest | 1,032 | 1,012 | 985 | 900 | 757 | 668 | 625 | 614 | 601 | 554 | 595 | 749 | 809 |
383 | 574 | 607 | 566 | 410 | 460 | 377 | 407 | 399 | 476 | 498 | 515 | 562 | |
Financing Profit | -107 | -294 | -308 | -261 | -78 | -114 | -30 | -34 | -70 | -113 | -22 | -57 | -122 |
Financing Margin % | -8% | -23% | -24% | -22% | -7% | -11% | -3% | -3% | -7% | -12% | -2% | -5% | -10% |
114 | 73 | 85 | 77 | 111 | 102 | 53 | 113 | 122 | 169 | 75 | 153 | 161 | |
Depreciation | 31 | 31 | 18 | 25 | 20 | 13 | 11 | 13 | 15 | 20 | 21 | 25 | 0 |
Profit before tax | -23 | -252 | -241 | -209 | 12 | -25 | 12 | 66 | 37 | 36 | 32 | 70 | 38 |
Tax % | -111% | 0% | 0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -56% | 18% | |
3 | -252 | -241 | -209 | 12 | -25 | 12 | 66 | 37 | 36 | 49 | 58 | 24 | |
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 | 0.95 |
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: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 37% |
3 Years: | 16% |
TTM: | -78% |
Stock Price CAGR | |
---|---|
10 Years: | -3% |
5 Years: | 19% |
3 Years: | 31% |
1 Year: | 20% |
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 | 253 |
Reserves | 681 | 610 | 546 | 331 | 445 | 496 | 508 | 574 | 611 | 647 | 708 | 777 |
12,794 | 13,469 | 13,323 | 11,606 | 11,439 | 11,312 | 10,804 | 11,082 | 11,862 | 12,553 | 13,844 | 14,589 | |
269 | 482 | 305 | 349 | 240 | 225 | 234 | 357 | 370 | 343 | 327 | 343 | |
Total Liabilities | 13,830 | 14,688 | 14,352 | 12,463 | 12,333 | 12,286 | 11,799 | 12,265 | 13,096 | 13,796 | 15,132 | 15,962 |
125 | 199 | 184 | 152 | 183 | 173 | 169 | 179 | 225 | 221 | 251 | 267 | |
CWIP | 10 | 13 | 19 | 27 | 31 | 31 | 33 | 35 | -0 | -0 | 7 | 8 |
Investments | 4,509 | 4,482 | 4,497 | 3,792 | 4,194 | 4,365 | 4,037 | 3,682 | 4,439 | 4,044 | 3,889 | 3,942 |
9,184 | 9,993 | 9,652 | 8,492 | 7,925 | 7,718 | 7,560 | 8,369 | 8,433 | 9,531 | 10,986 | 11,745 | |
Total Assets | 13,830 | 14,688 | 14,352 | 12,463 | 12,333 | 12,286 | 11,799 | 12,265 | 13,096 | 13,796 | 15,132 | 15,962 |
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% | 6% |
Documents
Announcements
-
Board Meeting Outcome for OUTCOME OF BOARD MEETING
22 Oct - Board approved rights issue to raise 300 crores.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
19 Oct - Dhanlaxmi Bank reports Q2 FY 2024-25 financial results.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Oct
- Closure of Trading Window 17 Oct
-
Board Meeting Intimation for Intimation Of The Meeting Of The Board Of Dhanlaxmi Bank Limited
17 Oct - Board meeting to consider rights issue for fund raising.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from nse
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Financial Year 2012
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Financial Year 2011
from bse
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