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Last Updated: April 2, 2026, 2:49 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532180 | NSE: DHANBANK

Dhanlaxmi Bank Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹16.44Overvalued by 26.93%vs CMP ₹22.50

P/E (10.1) × ROE (5.5%) × BV (₹36.40) × DY (2.00%)

₹27.36Undervalued by 21.60%vs CMP ₹22.50
MoS: +17.8% (Adequate)Confidence: 37/100 (Low)Models: 3 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹19.6826%Over (-12.5%)
Graham NumberEarnings₹42.8319%Under (+90.4%)
Earnings PowerEarnings₹12.2516%Over (-45.6%)
DCFCash Flow₹54.1713%Under (+140.8%)
Net Asset ValueAssets₹35.938%Under (+59.7%)
EV/EBITDAEnterprise₹6.3310%Over (-71.9%)
Earnings YieldEarnings₹22.408%Fair (-0.4%)
Consensus (7 models)₹27.36100%Undervalued
Key Drivers: Wide model spread (₹6–₹54) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 19.7%

*Investments are subject to market risks

Investment Snapshot

57
Dhanlaxmi Bank Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 5.5% WeakROE 5.5% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.06% (6mo) Slight increase
Earnings Quality50/100 · Moderate
Quarterly Momentum70/100 · Strong
Profit (4Q): +115% YoY Strong
Industry Rank55/100 · Moderate
P/E 10.1 vs industry 15.0 Cheaper than peersROCE 5.5% vs industry 6.8% AverageROE 5.5% vs industry 11.8% Below peers

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.

Dhanlaxmi 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
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 10.1 vs Ind 15.0 | ROCE 5.5% | ROE 5.5% | 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 ₹67 Cr | CFO/NP N/A
Ownership Accumulation
+25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.05 pp | DII 0.00 pp | Prom N/A
Business Momentum
+5
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales N/A | Q NP +4.3% | Q OPM N/A
Derived FieldValueHow it is derived
Valuation Gap %+21.6%((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+0.05 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter ChangeN/ALatest promoter% minus previous promoter%
Shareholder Count Change-3,994Latest shareholder count minus previous count
Quarterly Sales ChangeN/ALatest quarter sales vs previous quarter sales
Quarterly Profit Change+4.3%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, 2:49 am

Market Cap 888 Cr.
Current Price 22.5
Intrinsic Value₹27.36
High / Low 33.5/19.4
Stock P/E10.1
Book Value 36.4
Dividend Yield0.00 %
ROCE5.47 %
ROE5.48 %
Face Value 10.0
PEG Ratio0.51

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

View Share Price Target for Dhanlaxmi Bank Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Dhanlaxmi Bank Ltd 888 Cr. 22.5 33.5/19.410.1 36.40.00 %5.47 %5.48 % 10.0
Fino Payments Bank Ltd 1,036 Cr. 125 339/11014.5 90.50.00 %6.64 %13.3 % 10.0
Capital Small Finance Bank Ltd 1,038 Cr. 228 331/2077.65 3061.75 %7.04 %10.4 % 10.0
ESAF Small Finance Bank Ltd 1,157 Cr. 22.4 36.2/19.7 33.90.00 %4.28 %23.5 % 10.0
DCB Bank Ltd 5,371 Cr. 167 204/1027.64 1860.81 %7.67 %11.4 % 10.0
Industry Average135,761.26 Cr305.6715.04214.170.61%6.84%11.80%6.30

All Competitor Stocks of Dhanlaxmi Bank Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue276274289304308306306329335351368384407
Interest 149159171183194201206208206216229242253
Expenses 141132141118147135140140151150166153180
Financing Profit-14-17-223-33-30-40-19-22-16-27-11-25
Financing Margin %-5%-6%-8%1%-11%-10%-13%-6%-7%-5%-7%-3%-6%
Other Income 36375224364132524243393549
Depreciation 0000000000000
Profit before tax 22203026311-8332027122324
Tax % 0%-87%7%12%0%69%0%21%0%-7%0%0%0%
Net Profit 2238282333-8262029122324
EPS in Rs 0.550.970.720.590.080.08-0.200.650.500.730.310.590.61
Gross NPA %5.83%5.19%5.21%5.36%4.81%4.05%4.04%3.82%3.53%2.98%3.22%3.10%2.36%
Net NPA %1.82%1.16%1.09%1.29%1.27%1.25%1.26%1.12%0.86%0.99%1.13%1.12%1.11%

Last Updated: February 6, 2026, 4:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 9:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue1,2921,2841,2041,0891,0139719889319171,0711,2071,3201,509
Interest 1,012985900757668625614601554595749837940
Expenses 574607566410460377427394474498515556649
Financing Profit-294-308-261-78-114-30-53-64-112-22-57-72-80
Financing Margin %-23%-24%-22%-7%-11%-3%-5%-7%-12%-2%-5%-5%-5%
Other Income 7385771111025311312216975153169166
Depreciation 3118252013111315202125250
Profit before tax -252-241-20912-251246433732707286
Tax % 0%0%-0%0%0%0%-43%13%3%-56%18%7%
Net Profit -252-241-20912-251266373649586788
EPS in Rs -12.82-8.72-7.570.38-0.630.301.670.940.911.251.461.692.24
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)4.37%13.28%105.74%-308.33%148.00%450.00%-43.94%-2.70%36.11%18.37%15.52%
Change in YoY Net Profit Growth (%)0.00%8.91%92.46%-414.07%456.33%302.00%-493.94%41.24%38.81%-17.74%-2.85%

Dhanlaxmi 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:0%
5 Years:6%
3 Years:13%
TTM:13%
Compounded Profit Growth
10 Years:9%
5 Years:0%
3 Years:23%
TTM:303%
Stock Price CAGR
10 Years:2%
5 Years:18%
3 Years:36%
1 Year:-20%
Return on Equity
10 Years:1%
5 Years:5%
3 Years:6%
Last Year:6%

Last Updated: September 5, 2025, 2:50 am

Balance Sheet

Last Updated: December 4, 2025, 1:10 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 126177177210253253253253253253253395395
Reserves 6105463314454965085746116477087771,0011,023
Deposits12,42812,67711,49911,29410,92010,60310,90411,71212,40313,35214,29016,01317,105
Borrowing1,040646107145392200178150150492299200453
Other Liabilities 482305349240225234357370343327343328329
Total Liabilities 14,68814,35212,46312,33312,28611,79912,26513,09613,79615,13215,96217,93719,304
Fixed Assets 199184152183173169179225221251267266279
CWIP 131927313133350078150
Investments 4,4824,4973,7924,1944,3654,0373,6824,4394,0443,8893,9423,9554,644
Other Assets 9,9939,6528,4927,9257,7187,5608,3698,4339,53110,98611,74513,70014,380
Total Assets 14,68814,35212,46312,33312,28611,79912,26513,09613,79615,13215,96217,93719,304

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 649-605-298-99-203-144554-9013921617-5
Cash from Investing Activity + -24-10-9-11-3-10-25-27-388-106111-32
Cash from Financing Activity + 114230-15084270-95-23-28000142
Net Cash Flow 738-385-457-2664-248506-144-249111128105
Free Cash Flow 624-615-307-110-206-154529-117123182-24-37
CFO/OP 125%-89%-47%-15%-37%-21%99%-17%32%38%4%-2%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow562.00595.00555.00399.00450.00367.00417.00383.00462.00485.00501.00540.00

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 % -34%-33%-34%2%-4%2%8%4%4%5%6%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
FIIs 10.86%10.97%10.76%11.89%6.10%5.93%4.97%6.95%15.26%15.52%15.27%15.32%
DIIs 0.12%0.07%0.07%0.07%0.07%0.07%0.07%0.16%0.05%0.05%0.05%0.05%
Public 89.01%88.95%89.16%88.04%93.82%93.99%94.96%92.90%84.69%84.43%84.68%84.63%
No. of Shareholders 1,08,5211,06,4151,18,0221,25,3892,12,8692,00,5581,85,8221,84,1281,84,5431,81,2971,79,7031,75,709

Shareholding Pattern Chart

No. of Shareholders

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

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.) 2.372.291.951.421.47
Diluted EPS (Rs.) 2.372.291.951.421.47
Cash EPS (Rs.) 2.333.282.792.212.08
Book Value[Excl.RevalReserv]/Share (Rs.) 31.3334.4031.6630.1128.67
Book Value[Incl.RevalReserv]/Share (Rs.) 35.3540.7037.9935.5734.15
Operating Revenue / Share (Rs.)33.4447.7042.3436.2336.79
Net Profit / Share (Rs.) 1.692.291.951.421.47
Interest Income / Employee (Rs.)7516384.977158900.366062462.375316922.855620451.09
Net Profit / Employee (Rs.)379506.83342953.14279357.67208260.44224565.82
Business / Employee (Rs.)159299209.57144676539.74129050203.17119169799.88111710763.89
Interest Income / Branch (Rs.)50570007.6646244850.5742341387.3536812751.0037989661.22
Net Profit / Branches (Rs.)2553310.342215398.471951086.961441931.731517881.63
Business / Branches (Rs.)1071760199.23934577187.74901311102.77825095321.29755073571.43
Net Profit Margin (%) 5.044.794.603.913.99
Operating Profit Margin (%)10.219.468.976.757.89
Return On Assets (%) 0.370.360.320.260.28
Return On Equity / Networth (%)5.386.646.164.715.12
Net Interest Margin (X)2.692.873.142.622.51
Cost To Income (%)85.4288.6677.6174.7277.69
Interest Income / Total Assets (%)7.357.567.076.647.10
Non-Interest Income / Total Assets (%)0.940.950.491.221.08
Operating Profit / Total Assets (%)-0.57-0.59-0.16-0.96-0.79
Operating Expenses / Total Assets (%)3.103.392.822.872.79
Interest Expenses / Total Assets (%)4.664.683.934.014.58
Enterprise Value (Rs.Cr.)16391.7314872.9913373.2912187.9711635.00
EV Per Net Sales (X)12.4212.3212.4813.3012.50
Price To Book Value (X)0.941.200.450.410.51
Price To Sales (X)0.880.860.340.340.40
Retention Ratios (%) 100.00100.00100.00100.00100.00
Earnings Yield (X)0.050.050.130.110.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Dhanlaxmi Bank Ltd. is a Public Limited Listed company incorporated on 14/11/1927 and has its registered office in the State of Kerala, India. Company's Corporate Identification Number(CIN) is L65191KL1927PLC000307 and registration number is 000307. 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. 1319.88 Cr. and Equity Capital is Rs. 394.70 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorP.B. No. 9, Dhanalakshmi Buildings, Thrisoor Kerala 680001Contact not found
Management
NamePosition Held
Mr. K N MadhusoodananChairman
Mr. K K Ajith KumarManaging Director & CEO
Dr. C K Jineesh NathDirector
Ms. Vardhini KalyanaramanIndependent Director
Mr. G Rajagopalan NairIndependent Director
Dr. Nirmala PadmanabhanIndependent Director
Mr. Ashutosh KhajuriaIndependent Director
Mr. P SuriarajExecutive Director
Mr. D K KashyapNominee Director
Mr. C Nageswara RaoNominee Director

FAQ

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

As of 05 April 2026, Dhanlaxmi Bank Ltd's intrinsic value is ₹27.36, which is 21.60% higher than the current market price of ₹22.50, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (5.48 %), book value (₹36.4), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Dhanlaxmi Bank Ltd is trading at ₹22.50 as of 05 April 2026, with a FY2026-2027 high of ₹33.5 and low of ₹19.4. The stock is currently near its 52-week low. Market cap stands at ₹888 Cr..

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

Dhanlaxmi Bank Ltd has a P/E ratio of 10.1, which is below the industry average of 15.04. This is broadly in line with or below the industry average.

Is Dhanlaxmi Bank Ltd financially healthy?

Key indicators for Dhanlaxmi Bank Ltd: ROCE of 5.47 % is on the lower side compared to the industry average of 6.84%; ROE of 5.48 % is below ideal levels (industry average: 11.80%). Dividend yield is 0.00 %.

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

Dhanlaxmi Bank Ltd reported a net profit of ₹67 Cr in Mar 2025 on revenue of ₹1,320 Cr. Compared to ₹36 Cr in Mar 2022, the net profit shows an improving trend.

Does Dhanlaxmi Bank Ltd pay dividends?

Dhanlaxmi Bank Ltd has a dividend yield of 0.00 % at the current price of ₹22.50. The company is currently not paying meaningful dividends.

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 Dhanlaxmi 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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