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Last Updated on: 24 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 532772 | NSE: DCBBANK

Fundamental Analysis of DCB Bank Ltd

Share Price and Basic Stock Data

Last Updated: June 18, 2024, 11:44 am

Market Cap 4,353 Cr.
Current Price 139
High / Low163/110
Stock P/E8.14
Book Value 162
Dividend Yield0.91 %
ROCE7.52 %
ROE11.1 %
Face Value 10.0
PEG Ratio0.86

Competitors of DCB Bank Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Jammu & Kashmir Bank Ltd 13,412 Cr. 122152/55.07.54 95.90.41 %6.23 %17.9 % 1.00
Axis Bank Ltd 3,79,612 Cr. 1,2281,246/92114.4 4220.08 %7.53 %20.3 % 2.00
Federal Bank Ltd 42,335 Cr. 173175/12110.9 1050.57 %7.56 %17.5 % 2.00
IDFC First Bank Ltd 55,203 Cr. 78.0101/70.618.8 39.10.00 %7.79 %11.4 % 10.0
Equitas Small Finance Bank Ltd 11,555 Cr. 102116/80.114.5 46.40.98 %10.4 %15.5 % 10.0
Industry Average143,850.19 Cr408.6815.87174.450.71%7.80%15.66%6.00

DCB Bank Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue8698378468698789209491,0001,0721,1791,2381,3061,374
Interest535526537546533539575589626693767830900
Expenses360337384332362342335359388417407412427
Financing Profit-25-26-76-9-163839525869646347
Financing Margin %-3%-3%-9%-1%-2%4%4%5%5%6%5%5%3%
Other Income15513012198118115929995122107107124
Depreciation0000000000000
Profit before tax1301044689102153131152153191171171171
Tax %26%25%26%27%26%26%26%26%26%26%26%26%26%
Net Profit967834657511397112114142127127127
EPS in Rs3.102.511.092.092.433.653.123.613.664.574.074.064.06
Gross NPA %1.96%4.13%4.91%4.68%4.78%4.32%4.21%3.89%3.62%3.19%3.26%3.36%3.43%
Net NPA %0.59%2.31%2.84%2.63%2.55%1.97%1.82%1.54%1.37%1.04%1.19%1.28%1.22%

Last Updated: June 4, 2024, 11:12 pm

Quarterly Chart

DCB Bank Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue7179161,1281,4221,6982,0762,4133,0413,5373,4583,5134,2004,794
Interest4896327609141,0791,2791,4181,8922,2722,1722,1552,4832,916
Expenses2612863384435507008669491,1131,2231,3561,4221,624
Financing Profit-33-131667097129201152641295255
Financing Margin %-5%-0%3%5%4%5%5%7%4%2%0%7%5%
Other Income100117139166220249310350391446452409432
Depreciation1214182329395344515764770
Profit before tax55102151208261307386507492453390628687
Tax %0%0%0%8%26%35%36%36%31%26%26%26%
Net Profit55102151191195200245325338336288466510
EPS in Rs2.294.086.056.786.847.007.9610.5110.8910.819.2514.9516.36
Dividend Payout %0%0%0%0%0%7%9%10%0%0%11%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)48.04%26.49%2.09%2.56%22.50%32.65%4.00%-0.59%-14.29%61.81%15.02%
Change in YoY Net Profit Growth (%)0.00%-21.55%-24.40%0.47%19.94%10.15%-28.65%-4.59%-13.69%76.09%-46.78%

Growth

Compounded Sales Growth
10 Years:17%
5 Years:12%
3 Years:16%
TTM:28%
Compounded Profit Growth
10 Years:13%
5 Years:10%
3 Years:17%
TTM:15%
Stock Price CAGR
10 Years:6%
5 Years:-10%
3 Years:8%
1 Year:16%
Return on Equity
10 Years:10%
5 Years:10%
3 Years:10%
Last Year:11%

Last Updated: June 18, 2024, 6:14 am

DCB Bank Ltd Balance Sheet

Last Updated: June 7, 2024, 8:42 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital241250250282284285308310310311311312
Reserves6217539041,3071,5081,9202,5002,8063,1123,4483,7384,255
Borrowings7,4599,88911,18513,77316,07420,56525,93431,15833,77834,18638,77445,357
Other Liabilities3563865847711,2521,2761,4811,5181,3051,6572,0182,443
Total Liabilities8,67711,27912,92316,13219,11924,04630,22235,79238,50539,60244,84052,366
Fixed Assets126236239237248489494526546569608783
CWIP593000000005344
Investments2,5183,3593,6343,9624,3335,8186,2197,8447,7428,4149,09812,582
Other Assets5,9747,6819,05011,93314,53717,74023,50927,42230,21830,62035,08138,957
Total Assets8,67711,27912,92316,13219,11924,04630,22235,79238,50539,60244,84052,366

Reserves and Borrowings Chart

DCB Bank Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -40655490-496220240230-281171-1,5021,606-1,566
Cash from Investing Activity -73-71-19-29-41-71-59-76-72-79-157-165
Cash from Financing Activity 448443-665554-61321,0097796541,075-3988
Net Cash Flow-31427-194301723011,180421752-5071,051-1,722

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow277.00327.00430.00534.00680.00841.00918.00-32.00-33.00-37.00-44.00-54.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %11%14%14%12%10%10%11%10%9%7%11%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters14.88%14.87%14.87%14.86%14.85%14.85%14.85%14.83%14.82%14.82%14.81%14.77%
FIIs12.15%10.86%9.24%8.82%12.45%12.51%12.44%12.27%12.30%12.74%13.02%12.75%
DIIs38.54%38.33%39.61%38.70%37.62%37.51%39.38%39.88%39.70%38.99%34.20%29.65%
Public34.44%35.94%36.27%37.63%35.07%35.13%33.35%33.01%33.19%33.46%37.98%42.82%
No. of Shareholders1,97,9502,00,1631,97,8061,98,2271,92,5761,90,6801,80,7411,80,3101,70,1861,72,6191,85,6922,48,471

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan13,948,7220.66194.869,511,1412024-06-1746.66%
Franklin India Smaller Companies Fund12,199,0951.35170.429,511,1412024-06-1728.26%
Tata Small Cap Fund11,340,1182.28158.429,511,1412024-06-1719.23%
DSP Small Cap Fund9,511,1410.94132.879,511,1412024-06-170%
Tata Banking and Financial Services Fund2,880,0221.9240.239,511,1412024-06-17-69.72%
Templeton India Value Fund1,800,0001.3125.159,511,1412024-06-17-81.07%
LIC MF Flexi Cap Fund1,702,0442.4423.789,511,1412024-06-17-82.1%
Tata Business Cycle Fund1,658,0001.0523.169,511,1412024-06-17-82.57%
Bandhan Small Cap Fund1,588,2050.4422.199,511,1412024-06-17-83.3%
ITI Small Cap Fund1,497,2811.0820.929,511,1412024-06-17-84.26%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.)17.1814.969.2610.8210.90
Diluted EPS (Rs.)16.9914.799.1910.7010.74
Cash EPS (Rs.)20.1517.4211.2912.6412.53
Book Value[Excl.RevalReserv]/Share (Rs.)152.85137.05122.95113.58102.60
Book Value[Incl.RevalReserv]/Share (Rs.)162.12146.58130.20121.04110.24
Dividend / Share (Rs.)1.251.251.000.000.00
Operating Revenue / Share (Rs.)171.42134.84112.96111.36113.93
Net Profit / Share (Rs.)17.1314.959.2410.8110.89
Interest Income / Employee (Rs.)4758643.334240556.284375096.535417851.175166739.08
Net Profit / Employee (Rs.)475660.72470024.13358082.33526068.93493697.74
Business / Employee (Rs.)80118564.7976344926.0079446341.7687205235.6381395501.83
Interest Income / Branch (Rs.)121313106.3398367002.3487819125.0098244727.27105256931.55
Net Profit / Branches (Rs.)12126119.9110903018.747187607.509539482.9510057622.02
Business / Branches (Rs.)2042479610.861770951971.901594686695.001581338122.161658191101.19
Net Profit Margin (%)9.9911.088.189.709.55
Operating Profit Margin (%)1.151.33-4.68-3.54-1.50
Return On Assets (%)0.850.880.640.840.87
Return On Equity / Networth (%)11.2110.907.519.5110.61
Net Interest Margin (X)3.053.273.023.243.28
Cost To Income (%)64.0136.0238.3835.9833.55
Interest Income / Total Assets (%)8.508.027.838.739.18
Non-Interest Income / Total Assets (%)0.750.781.001.151.01
Operating Profit / Total Assets (%)0.090.10-0.36-0.30-0.13
Operating Expenses / Total Assets (%)2.432.552.252.132.34
Interest Expenses / Total Assets (%)5.444.744.805.485.89
Enterprise Value (Rs.Cr.)56431.0846653.2639354.2036192.4335697.03
EV Per Net Sales (X)10.5211.1111.2010.4710.09
Price To Book Value (X)0.770.770.560.900.92
Price To Sales (X)0.690.790.610.920.83
Retention Ratios (%)92.7293.31100.00100.00100.00
Earnings Yield (X)0.140.130.130.100.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 147.71

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 6.26% compared to the current price 139

Intrinsic Value: 161.71

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 16.34% compared to the current price ₹139

Last 5 Year EPS CAGR: 9.48%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in DCB Bank Ltd:
    1. Net Profit Margin: 9.99%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: N/A% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: N/A% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): N/A
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: N/A
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 8.14 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

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. 3512.77 Cr. and Equity Capital is Rs. 310.98 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private Sector601 & 602, Peninsula Business Park, Mumbai Maharashtra 400013investorgrievance@dcbbank.com
http://www.dcbbank.com
Management
NamePosition Held
Mr. Farokh N SubedarChairman
Mr. Praveen Achuthan KuttyManaging Director & CEO
Mr. Shabbir MerchantDirector
Mr. P R SomasundaramDirector
Mr. Amyn JassaniDirector
Mr. Thiyagarajan KumarDirector
Mr. Tarun BalramDirector
Mr. Rafiq SomaniDirector
Mr. Iqbal KhanDirector
Ms. Lakshmy ChandrasekaranDirector

FAQ

What is the latest fair value of DCB Bank Ltd?

The latest fair value of DCB Bank Ltd is ₹147.71.

What is the Market Cap of DCB Bank Ltd?

The Market Cap of DCB Bank Ltd is 4,353 Cr..

What is the current Stock Price of DCB Bank Ltd as on 24 June 2024?

The current stock price of DCB Bank Ltd as on 24 June 2024 is ₹139.

What is the High / Low of DCB Bank Ltd stocks in FY 2024?

In FY 2024, the High / Low of DCB Bank Ltd stocks is 163/110.

What is the Stock P/E of DCB Bank Ltd?

The Stock P/E of DCB Bank Ltd is 8.14.

What is the Book Value of DCB Bank Ltd?

The Book Value of DCB Bank Ltd is 162.

What is the Dividend Yield of DCB Bank Ltd?

The Dividend Yield of DCB Bank Ltd is 0.91 %.

What is the ROCE of DCB Bank Ltd?

The ROCE of DCB Bank Ltd is 7.52 %.

What is the ROE of DCB Bank Ltd?

The ROE of DCB Bank Ltd is 11.1 %.

What is the Face Value of DCB Bank Ltd?

The Face Value of DCB Bank Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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