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Last Updated: April 2, 2026, 2:48 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532772 | NSE: DCBBANK

DCB Bank Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹130.65Overvalued by 21.77%vs CMP ₹167.00

P/E (7.6) × ROE (11.4%) × BV (₹186.00) × DY (0.81%)

₹221.61Undervalued by 32.70%vs CMP ₹167.00
MoS: +24.6% (Adequate)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹155.6626%Fair (-6.8%)
Graham NumberEarnings₹304.8819%Under (+82.6%)
Earnings PowerEarnings₹139.2716%Over (-16.6%)
DCFCash Flow₹519.2313%Under (+210.9%)
Net Asset ValueAssets₹185.598%Under (+11.1%)
EV/EBITDAEnterprise₹31.4010%Over (-81.2%)
Earnings YieldEarnings₹222.108%Under (+33%)
Consensus (7 models)₹221.61100%Undervalued
Key Drivers: Wide model spread (₹31–₹519) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 19.1%

*Investments are subject to market risks

Investment Snapshot

60
DCB Bank Ltd scores 60/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 7.7% WeakROE 11.4% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money95/100 · Strong
FII holding up 2.28% (6mo) AccumulatingDII holding up 2.96% MF buyingPromoter increased by 1.58% Positive
Earnings Quality50/100 · Moderate
Quarterly Momentum58/100 · Moderate
Profit (4Q): +19% YoY Positive
Industry Rank65/100 · Strong
P/E 7.6 vs industry 15.0 Cheaper than peersROCE 7.7% vs industry 6.8% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

DCB Bank Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 7.6 vs Ind 15.0 | ROCE 7.7% | ROE 11.4% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 0.00x | Borrow/Reserve 0.00x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹615 Cr | CFO/NP N/A
Ownership Accumulation
+75
Accumulation
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +1.43 pp | DII +0.21 pp | Prom +1.58 pp
Business Momentum
+1
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales N/A | Q NP +0.5% | Q OPM N/A
Derived FieldValueHow it is derived
Valuation Gap %+32.7%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+1.43 ppLatest FII% minus previous FII%
DII Change+0.21 ppLatest DII% minus previous DII%
Promoter Change+1.58 ppLatest promoter% minus previous promoter%
Shareholder Count Change-15,810Latest shareholder count minus previous count
Quarterly Sales ChangeN/ALatest quarter sales vs previous quarter sales
Quarterly Profit Change+0.5%Latest quarter net profit vs previous quarter net profit
Quarterly OPM ChangeN/ALatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:48 am

Market Cap 5,371 Cr.
Current Price 167
Intrinsic Value₹221.61
High / Low 204/102
Stock P/E7.64
Book Value 186
Dividend Yield0.81 %
ROCE7.67 %
ROE11.4 %
Face Value 10.0
PEG Ratio0.40

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for DCB Bank Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
DCB Bank Ltd 5,371 Cr. 167 204/1027.64 1860.81 %7.67 %11.4 % 10.0
Equitas Small Finance Bank Ltd 6,103 Cr. 53.5 73.4/50.0 51.40.00 %6.85 %2.43 % 10.0
CSB Bank Ltd 6,246 Cr. 360 575/27010.0 2710.00 %7.11 %14.3 % 10.0
Karnataka Bank Ltd 8,705 Cr. 230 239/1637.54 3332.17 %6.33 %11.1 % 10.0
South Indian Bank Ltd 9,517 Cr. 36.4 46.8/22.16.85 42.11.10 %6.50 %13.8 % 1.00
Industry Average135,761.26 Cr305.6715.04214.170.61%6.84%11.80%6.30

All Competitor Stocks of DCB Bank Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue1,0721,1791,2381,3061,3741,4451,4891,5681,6711,7421,8141,8231,861
Interest 6266937678309009379931,0591,1281,1841,2331,2271,236
Expenses 388417407412427434463504523539605539597
Financing Profit5869646347733452019-245727
Financing Margin %5%6%5%5%3%5%2%0%1%1%-1%3%1%
Other Income 95122107107124136143205184219236186221
Depreciation 0000000000000
Profit before tax 153191171171171210177210204238212243249
Tax % 26%26%26%26%26%26%26%26%26%26%26%24%26%
Net Profit 114142127127127156131155151177157184185
EPS in Rs 3.664.574.074.064.064.984.194.964.835.635.005.845.74
Gross NPA %3.62%3.19%3.26%3.36%3.43%3.23%3.33%3.29%3.11%2.99%2.98%2.91%2.72%
Net NPA %1.37%1.04%1.19%1.28%1.22%1.11%1.18%1.17%1.18%1.12%1.22%1.21%1.10%

Last Updated: February 6, 2026, 5:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 27, 2026, 5:30 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue1,1281,4221,6982,0762,4133,0413,5373,4583,5134,2005,3626,4717,239
Interest 7609141,0791,2791,4181,8922,2722,1722,1552,4833,4344,3644,880
Expenses 3384435507008669491,1131,2231,3561,4221,5861,9272,280
Financing Profit3166709712920115264129534218080
Financing Margin %3%5%4%5%5%7%4%2%0%7%6%3%1%
Other Income 139166220249310350391446452409474751862
Depreciation 18232939534451576477941010
Profit before tax 151208261307386507492453390628722829942
Tax % -0%8%26%35%36%36%31%26%26%26%26%26%
Net Profit 151191195200245325338336288466536615703
EPS in Rs 6.056.786.847.007.9610.5110.8910.819.2514.9517.1319.5822.21
Dividend Payout % -0%-0%-0%7%9%10%-0%-0%11%8%7%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)26.49%2.09%2.56%22.50%32.65%4.00%-0.59%-14.29%61.81%15.02%14.74%
Change in YoY Net Profit Growth (%)0.00%-24.40%0.47%19.94%10.15%-28.65%-4.59%-13.69%76.09%-46.78%-0.28%

DCB Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:13%
3 Years:23%
TTM:21%
Compounded Profit Growth
10 Years:12%
5 Years:13%
3 Years:29%
TTM:19%
Stock Price CAGR
10 Years:0%
5 Years:7%
3 Years:9%
1 Year:4%
Return on Equity
10 Years:10%
5 Years:10%
3 Years:11%
Last Year:11%

Last Updated: September 5, 2025, 2:40 am

Balance Sheet

Last Updated: December 4, 2025, 1:09 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 250282284285308310310311311312313314315
Reserves 9041,3071,5081,9202,5002,8063,1123,4483,7384,2554,7585,3765,654
Deposits10,39012,67414,92619,28924,00728,43530,37029,70434,69241,23949,35360,03164,777
Borrowing7951,0991,1481,2761,9272,7233,4084,4824,0824,1186,2199,1155,929
Other Liabilities 5847711,2521,2761,4811,5181,3051,6571,9702,4432,3931,9732,216
Total Liabilities 12,92316,13219,11924,04630,22235,79238,50539,60244,79352,36663,03776,81078,890
Fixed Assets 239237248489494526546569608783841832893
CWIP 00000000534424660
Investments 3,6343,9624,3335,8186,2197,8447,7428,4149,05112,58216,21120,15020,496
Other Assets 9,05011,93314,53717,74023,50927,42230,21830,62035,08138,95745,96155,76157,501
Total Assets 12,92316,13219,11924,04630,22235,79238,50539,60244,79352,36663,03776,81078,890

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 490-496220240230-281171-1,5021,606-1,566485-441
Cash from Investing Activity + -19-29-41-71-59-76-72-79-157-165-1,858-2,792
Cash from Financing Activity + -665554-61321,0097796541,075-39882,0702,865
Net Cash Flow -194301723011,180421752-5071,051-1,722697-367
Free Cash Flow 471-525179169171-35899-1,5821,449-1,730352-576
CFO/OP 62%-51%13%26%24%-3%14%-59%83%-53%17%-5%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow328.00431.00536.00681.00842.00921.00-29.00-28.00-33.00-40.00-48.00-59.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % 14%14%12%10%10%11%10%9%7%11%11%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 14.83%14.82%14.82%14.81%14.77%14.75%14.73%14.72%14.70%14.69%14.66%16.24%
FIIs 12.27%12.30%12.74%13.02%12.75%14.65%11.06%10.85%9.64%11.69%10.49%11.92%
DIIs 39.88%39.70%38.99%34.20%29.65%27.61%26.65%27.89%29.18%31.79%31.93%32.14%
Public 33.01%33.19%33.46%37.98%42.82%43.00%47.56%46.53%46.49%41.82%42.91%39.68%
No. of Shareholders 1,80,3101,70,1861,72,6191,85,6922,48,4712,42,7492,47,9612,38,5702,34,2192,09,8812,04,9981,89,188

Shareholding Pattern Chart

No. of Shareholders

DCB Bank Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Franklin India Small Cap Fund 12,199,095 1.91 243.58N/AN/AN/A
Tata Small Cap Fund 11,340,118 2.1 226.4311,340,1182025-04-22 17:25:370%
Bandhan Small Cap Fund 11,075,457 1.15 221.1411,663,3582026-02-23 03:11:26-5.04%
Motilal Oswal Small Cap Fund 4,513,512 1.64 90.124,454,4712026-02-22 03:48:051.33%
Sundaram Small Cap Fund 4,443,809 2.7 88.734,603,5302026-02-22 03:48:05-3.47%
Sundaram Financial Services Opportunities Fund 4,033,626 4.81 80.544,243,6322026-02-22 03:48:05-4.95%
Sundaram Multi Cap Fund 3,637,991 2.6 72.643,919,3502026-02-22 03:48:05-7.18%
Mahindra Manulife Multi Cap Fund 3,224,084 1.06 64.38N/AN/AN/A
Aditya Birla Sun Life Small Cap Fund 2,909,089 1.22 58.09N/AN/AN/A
Tata Banking and Financial Services Fund 2,880,022 1.79 57.512,880,0222025-04-22 17:25:370%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.) 19.6317.1814.969.2610.82
Diluted EPS (Rs.) 19.4916.9914.799.1910.70
Cash EPS (Rs.) 22.8120.1517.4211.2912.64
Book Value[Excl.RevalReserv]/Share (Rs.) 172.05152.85137.05122.95113.58
Book Value[Incl.RevalReserv]/Share (Rs.) 181.07162.12146.58130.20121.04
Dividend / Share (Rs.) 1.351.251.251.000.00
Operating Revenue / Share (Rs.)205.88171.42134.84112.96111.36
Net Profit / Share (Rs.) 19.5817.1314.959.2410.81
Interest Income / Employee (Rs.)5852026.144758643.334240556.284375096.535417851.17
Net Profit / Employee (Rs.)556511.44475660.72470024.13358082.33526068.93
Business / Employee (Rs.)100459316.7280118564.7976344926.0079446341.7687205235.63
Interest Income / Branch (Rs.)139452269.40121313106.3398367002.3487819125.0098244727.27
Net Profit / Branches (Rs.)13261523.7112126119.9110903018.747187607.509539482.95
Business / Branches (Rs.)2393919536.642042479610.861770951971.901594686695.001581338122.16
Net Profit Margin (%) 9.509.9911.088.189.70
Operating Profit Margin (%)21.5322.3121.8915.8819.24
Return On Assets (%) 0.800.850.880.640.84
Return On Equity / Networth (%)11.3711.2110.907.519.51
Net Interest Margin (X)2.743.053.273.023.24
Cost To Income (%)63.7064.0163.0055.9548.51
Interest Income / Total Assets (%)8.428.508.027.838.73
Non-Interest Income / Total Assets (%)0.970.750.781.001.15
Operating Profit / Total Assets (%)-0.170.090.10-0.36-0.30
Operating Expenses / Total Assets (%)2.362.432.552.252.13
Interest Expenses / Total Assets (%)5.685.444.744.805.48
Enterprise Value (Rs.Cr.)70158.6656431.0846653.2639354.2036192.43
EV Per Net Sales (X)10.8410.5211.1111.2010.47
Price To Book Value (X)0.650.770.770.560.90
Price To Sales (X)0.540.690.790.610.92
Retention Ratios (%) 93.6392.7293.31100.00100.00
Earnings Yield (X)0.170.140.130.130.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

DCB Bank Ltd. is a Public Limited Listed company incorporated on 31/05/1995 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1995PLC089008 and registration number is 089008. Currently company belongs to the Industry of Finance - Banks - Private Sector. Company's Total Operating Revenue is Rs. 6470.59 Cr. and Equity Capital is Rs. 314.29 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private Sector601 & 602, Peninsula Business Park, Mumbai Maharashtra 400013Contact not found
Management
NamePosition Held
Mr. Farokh N SubedarChairman
Mr. Praveen Achuthan KuttyManaging Director & CEO
Mr. Krishnan Sridhar SeshadriWhole Time Director
Ms. Lakshmy ChandrasekaranDirector
Mr. Iqbal KhanDirector
Mr. Thiyagarajan KumarDirector
Mr. Amyn JassaniDirector
Mr. P R SomasundaramDirector
Mr. Tarun BalramDirector
Mr. Balu SrinivasanDirector
Mr. Nadir BhalwaniDirector
Mr. Nasser MunjeeDirector

FAQ

What is the intrinsic value of DCB Bank Ltd and is it undervalued?

As of 05 April 2026, DCB Bank Ltd's intrinsic value is ₹221.61, which is 32.70% higher than the current market price of ₹167.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (11.4 %), book value (₹186), dividend yield (0.81 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of DCB Bank Ltd?

DCB Bank Ltd is trading at ₹167.00 as of 05 April 2026, with a FY2026-2027 high of ₹204 and low of ₹102. The stock is currently in the middle of its 52-week range. Market cap stands at ₹5,371 Cr..

How does DCB Bank Ltd's P/E ratio compare to its industry?

DCB Bank Ltd has a P/E ratio of 7.64, which is below the industry average of 15.04. This is broadly in line with or below the industry average.

Is DCB Bank Ltd financially healthy?

Key indicators for DCB Bank Ltd: ROCE of 7.67 % is on the lower side compared to the industry average of 6.84%. Dividend yield is 0.81 %.

Is DCB Bank Ltd profitable and how is the profit trend?

DCB Bank Ltd reported a net profit of ₹615 Cr in Mar 2025 on revenue of ₹6,471 Cr. Compared to ₹288 Cr in Mar 2022, the net profit shows an improving trend.

Does DCB Bank Ltd pay dividends?

DCB Bank Ltd has a dividend yield of 0.81 % at the current price of ₹167.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in DCB Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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