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DCB Bank Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹150.91Overvalued by 13.27%vs CMP ₹174.00

P/E (7.7) × ROE (12.0%) × BV (₹203.00) × DY (0.83%)

₹231.54Undervalued by 33.07%vs CMP ₹174.00
MoS: +24.9% (Adequate)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹179.8026%Fair (+3.3%)
Graham NumberEarnings₹318.5019%Under (+83%)
Earnings PowerEarnings₹138.7816%Over (-20.2%)
DCFCash Flow₹517.3913%Under (+197.4%)
Net Asset ValueAssets₹202.478%Under (+16.4%)
EV/EBITDAEnterprise₹31.2910%Over (-82%)
Earnings YieldEarnings₹222.108%Under (+27.6%)
Consensus (7 models)₹231.54100%Undervalued
Key Drivers: Wide model spread (₹31–₹517) — 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

Analyst Summary

DCB Bank Ltd operates in the Finance - Banks - Private Sector segment, NSE: DCBBANK | BSE: 532772, current market price is ₹174.00, market cap is 5,616 Cr.. At a glance, stock P/E is 7.68, ROE is 12.0 %, ROCE is 7.40 %, book value is 203, dividend yield is 0.83 %. The latest intrinsic value estimate is ₹231.54, which is about 33.1% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹6,471 Cr versus the prior period change of 20.7%, while latest net profit is about ₹615 Cr with a prior-period change of 14.7%. The 52-week range shown on this page is 206/119, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisDCB 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 L99999MH…

This summary is generated from the stock page data available for DCB Bank Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

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 7.4% WeakROE 12.0% 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 7.7 vs industry 21.5 Cheaper than peersROCE 7.4% vs industry 6.4% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 4:44 am

Market Cap 5,616 Cr.
Current Price 174
Intrinsic Value₹230.08
High / Low 206/119
Stock P/E7.68
Book Value 203
Dividend Yield0.83 %
ROCE7.40 %
ROE12.0 %
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 5,616 Cr. 174 206/1197.68 2030.83 %7.40 %12.0 % 10.0
CSB Bank Ltd 6,143 Cr. 354 575/3229.70 2820.00 %7.05 %13.5 % 10.0
Equitas Small Finance Bank Ltd 8,165 Cr. 71.4 76.9/50.079.2 53.70.00 %6.44 %1.69 % 10.0
ESAF Small Finance Bank Ltd 1,371 Cr. 26.6 36.2/19.7 34.50.00 %5.64 %8.92 % 10.0
Capital Small Finance Bank Ltd 1,263 Cr. 278 331/2078.93 3221.80 %7.07 %10.1 % 10.0
Industry Average145,367.57 Cr333.5221.45221.760.57%6.44%10.07%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: June 24, 2026, 6:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 282284285308310310311311312313314322
Reserves 1,3071,5081,9202,5002,8063,1123,4483,7384,2554,7585,3766,213
Deposits12,67414,92619,28924,00728,43530,37029,70434,69241,23949,35360,03172,583
Borrowing1,0991,1481,2761,9272,7233,4084,4824,0824,1186,2199,1156,086
Other Liabilities 7711,2521,2761,4811,5181,3051,6571,9702,4432,3931,9732,865
Total Liabilities 16,13219,11924,04630,22235,79238,50539,60244,79352,36663,03776,81088,069
Fixed Assets 237248489494526546569608783841832949
CWIP 00000005344246641
Investments 3,9624,3335,8186,2197,8447,7428,4149,05112,58216,21120,15020,378
Other Assets 11,93314,53717,74023,50927,42230,21830,62035,08138,95745,96155,76166,702
Total Assets 16,13219,11924,04630,22235,79238,50539,60244,79352,36663,03776,81088,069

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + -496220240230-281171-1,5021,606-1,566485-4416,640
Cash from Investing Activity + -29-41-71-59-76-72-79-157-165-1,858-2,792-2,141
Cash from Financing Activity + 554-61321,0097796541,075-39882,0702,865-2,977
Net Cash Flow 301723011,180421752-5071,051-1,722697-3671,522
Free Cash Flow -525179169171-35899-1,5821,449-1,730352-5766,551
CFO/OP -51%13%26%24%-3%14%-59%83%-53%17%-5%133%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow338.00431.00536.00681.00842.00921.00-29.00-28.00-33.00-40.00-48.00-59.00

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 is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company's Total Operating Revenue is Rs. 7404.47 Cr. and Equity Capital is Rs. 321.90 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private Sector601 & 602, Peninsula Business Park, Mumbai Maharashtra 400013Contact not found
Management
NamePosition Held
Mr. Praveen Achuthan KuttyManaging Director & CEO
Mr. Krishnan Sridhar SeshadriWhole Time Director
Mr. Nadir BhalwaniNon Exe.Non Ind.Director
Mr. Nasser MunjeeNon Exe.Non Ind.Director
Mr. Tarun BalramIndependent Director
Mr. P R SomasundaramIndependent Director
Mr. Amyn JassaniIndependent Director
Mr. Thiyagarajan KumarIndependent Director
Mr. Balu SrinivasanIndependent Director
Ms. Neeta Sudhir RegeIndependent Director
Mr. Suhail NathaniIndependent Director
Mr. Pushan MahapatraIndependent Director

FAQ

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

As of 27 June 2026, DCB Bank Ltd's intrinsic value is ₹231.54, which is 33.07% higher than the current market price of ₹174.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (12.0 %), book value (₹203), dividend yield (0.83 %), 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 ₹174.00 as of 27 June 2026, with a FY2026-2027 high of ₹206 and low of ₹119. The stock is currently in the middle of its 52-week range. Market cap stands at ₹5,616 Cr..

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

DCB Bank Ltd has a P/E ratio of 7.68, which is below the industry average of 21.45. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is DCB Bank Ltd financially healthy?

Key indicators for DCB Bank Ltd: ROCE of 7.40 % is on the lower side compared to the industry average of 6.44%. Dividend yield is 0.83 %.

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 0.83 % at the current price of ₹174.00. The company pays dividends, though the yield is modest.

Last Updated: June 12, 2026, 4:44 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532772 | NSE: DCBBANK
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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