Dhanlaxmi Bank Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 22, 2025, 3:11 am

Market Cap	949 Cr.
Current Price	24.0
High / Low	41.4/22.0
Stock P/E	23.2
Book Value	26.1
Dividend Yield	0.00 %
ROCE	5.38 %
ROE	5.79 %
Face Value	10.0
PEG Ratio	3.25

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Dhanlaxmi Bank Ltd

Competitors of Dhanlaxmi Bank Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Fino Payments Bank Ltd	2,005 Cr.	241	467/215	21.4	77.3	0.00 %	7.07 %	14.4 %	10.0
Yes Bank Ltd	56,216 Cr.	17.9	28.6/17.1	25.9	14.6	0.00 %	5.81 %	3.11 %	2.00
Ujjivan Small Finance Bank Ltd	6,259 Cr.	32.4	56.7/30.8	6.44	28.7	4.64 %	11.1 %	26.7 %	10.0
South Indian Bank Ltd	6,290 Cr.	24.0	34.3/22.3	5.04	33.7	1.25 %	6.19 %	13.8 %	1.00
Karnataka Bank Ltd	6,425 Cr.	170	254/168	4.96	288	3.24 %	6.24 %	13.7 %	10.0
Industry Average	152,452.19 Cr	424.03		13.32	225.50	1.08%	7.14%	13.99%	6.14

All Competitor Stocks of Dhanlaxmi Bank Ltd

Quarterly Result

Metric	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Revenue	237.36	212.77	218.10	229.01	234.63	234.91	258.37	262.50	276.26	274.10	289.14	303.90	307.72
Interest	146.70	141.49	138.60	138.35	138.89	138.49	141.07	146.06	149.40	158.95	170.51	182.94	193.72
Expenses	130.20	81.22	100.84	124.78	128.24	140.48	122.18	123.31	141.05	132.12	140.59	118.07	146.65
Financing Profit	-39.54	-9.94	-21.34	-34.12	-32.50	-44.06	-4.88	-6.87	-14.19	-16.97	-21.96	2.89	-32.65
Financing Margin %	-16.66%	-4.67%	-9.78%	-14.90%	-13.85%	-18.76%	-1.89%	-2.62%	-5.14%	-6.19%	-7.59%	0.95%	-10.61%
Other Income	51.35	20.66	28.13	37.78	34.53	68.67	-21.55	22.76	35.92	37.39	52.26	23.53	35.70
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	11.81	10.72	6.79	3.66	2.03	24.61	-26.43	15.89	21.73	20.42	30.30	26.42	3.05
Tax %	0.00%	50.75%	0.00%	0.00%	0.00%	4.84%	0.00%	0.00%	0.00%	-86.92%	6.60%	12.34%	0.00%
Net Profit	11.81	5.28	6.79	3.66	2.03	23.42	-26.43	15.89	21.73	38.17	28.30	23.16	3.05
EPS in Rs	0.47	0.21	0.27	0.14	0.08	0.93	-1.04	0.63	0.86	1.51	1.12	0.92	0.12
Gross NPA %	5.78%	9.23%	9.27%	8.67%	7.55%	6.32%	6.35%	6.04%	5.83%	5.19%	5.21%	5.36%	4.81%
Net NPA %	1.11%	4.58%	4.58%	4.92%	3.83%	2.85%	2.69%	2.32%	1.82%	1.16%	1.09%	1.29%	1.27%

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Metric	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Revenue	1,394	1,308	1,292	1,284	1,204	1,089	1,013	971	988	931	917	1,071	1,175
Interest	1,146	1,032	1,012	985	900	757	668	625	614	601	554	595	706
Expenses	476	383	574	607	566	410	460	377	407	399	476	480	537
Financing Profit	-229	-107	-294	-308	-261	-78	-114	-30	-34	-70	-113	-4	-69
Financing Margin %	-16%	-8%	-23%	-24%	-22%	-7%	-11%	-3%	-3%	-7%	-12%	-0%	-6%
Other Income	144	114	73	85	77	111	102	53	113	122	169	75	149
Depreciation	29	31	31	18	25	20	13	11	13	15	20	21	0
Profit before tax	-115	-23	-252	-241	-209	12	-25	12	66	37	36	49	80
Tax %	-1%	111%	-0%	-0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	-116	3	-252	-241	-209	12	-25	12	66	37	36	49	93
EPS in Rs	-13.58	0.31	-20.00	-13.61	-11.80	0.59	-0.98	0.46	2.60	1.47	1.42	1.95	3.67
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	102.59%	-8500.00%	4.37%	13.28%	105.74%	-308.33%	148.00%	450.00%	-43.94%	-2.70%	36.11%
Change in YoY Net Profit Growth (%)	0.00%	-8602.59%	8504.37%	8.91%	92.46%	-414.07%	456.33%	302.00%	-493.94%	41.24%	38.81%

Dhanlaxmi Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: November 15, 2024, 12:37 am

Month	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
Borrowings	12,794	13,469	13,323	11,606	11,439	11,312	10,804	11,082	11,862	12,553	13,844	14,589
Other Liabilities	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
Fixed Assets	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
Other Assets	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

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-113	649	-605	-298	-99	-203	-144	554	-90	139	216	17
Cash from Investing Activity +	-19	-24	-10	-9	-11	-3	-10	-25	-27	-388	-106	111
Cash from Financing Activity +	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

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	476.00	371.00	561.00	594.00	555.00	399.00	449.00	367.00	396.00	388.00	464.00	467.00

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

Month	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%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
FIIs	11.50%	11.43%	11.62%	10.84%	10.86%	10.97%	10.76%	11.89%	6.10%	5.93%	4.97%	6.95%
DIIs	0.07%	0.07%	0.07%	0.07%	0.12%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.16%
Public	88.43%	88.50%	88.31%	89.07%	89.01%	88.95%	89.16%	88.04%	93.82%	93.99%	94.96%	92.90%
No. of Shareholders	96,864	97,202	96,452	1,09,408	1,08,521	1,06,415	1,18,022	1,25,389	2,12,869	2,00,558	1,85,822	1,84,128

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Face Value	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	2.29	1.95	1.42	1.47	2.60
Diluted EPS (Rs.)	2.29	1.95	1.42	1.47	2.60
Cash EPS (Rs.)	3.28	2.79	2.21	2.08	3.13
Book Value[Excl.RevalReserv]/Share (Rs.)	34.40	31.66	30.11	28.67	27.18
Book Value[Incl.RevalReserv]/Share (Rs.)	40.70	37.99	35.57	34.15	32.68
Operating Revenue / Share (Rs.)	47.70	42.34	36.23	36.79	39.03
Net Profit / Share (Rs.)	2.29	1.95	1.42	1.47	2.60
Interest Income / Employee (Rs.)	7158900.36	6062462.37	5316922.85	5620451.09	5761900.23
Net Profit / Employee (Rs.)	342953.14	279357.67	208260.44	224565.82	383771.88
Business / Employee (Rs.)	144676539.74	129050203.17	119169799.88	111710763.89	101517901.40
Interest Income / Branch (Rs.)	46244850.57	42341387.35	36812751.00	37989661.22	39983388.66
Net Profit / Branches (Rs.)	2215398.47	1951086.96	1441931.73	1517881.63	2663097.17
Business / Branches (Rs.)	934577187.74	901311102.77	825095321.29	755073571.43	704460255.06
Net Profit Margin (%)	4.79	4.60	3.91	3.99	6.66
Operating Profit Margin (%)	-7.84	-2.34	-14.53	-11.20	-4.76
Return On Assets (%)	0.36	0.32	0.26	0.28	0.53
Return On Equity / Networth (%)	6.64	6.16	4.71	5.12	9.56
Net Interest Margin (X)	2.87	3.14	2.62	2.51	3.04
Cost To Income (%)	88.66	77.61	74.72	77.69	66.67
Interest Income / Total Assets (%)	7.56	7.07	6.64	7.10	8.05
Non-Interest Income / Total Assets (%)	0.95	0.49	1.22	1.08	0.92
Operating Profit / Total Assets (%)	-0.59	-0.16	-0.96	-0.79	-0.38
Operating Expenses / Total Assets (%)	3.39	2.82	2.87	2.79	2.64
Interest Expenses / Total Assets (%)	4.68	3.93	4.01	4.58	5.00
Enterprise Value (Rs.Cr.)	14872.99	13373.29	12187.97	11635.00	10736.97
EV Per Net Sales (X)	12.32	12.48	13.30	12.50	10.87
Price To Book Value (X)	1.20	0.45	0.41	0.51	0.29
Price To Sales (X)	0.86	0.34	0.34	0.40	0.20
Retention Ratios (%)	100.00	100.00	100.00	100.00	100.00
Earnings Yield (X)	0.05	0.13	0.11	0.09	0.32

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dhanlaxmi Bank Ltd as of February 22, 2025 is: ₹28.61

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.

As of February 22, 2025, Dhanlaxmi Bank Ltd is Undervalued by 19.21% compared to the current share price ₹24.00

Intrinsic Value of Dhanlaxmi Bank Ltd as of February 22, 2025 is: 30.65

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 22, 2025, Dhanlaxmi Bank Ltd is Undervalued by 27.71% compared to the current share price ₹24.00

Last 5 Year EPS CAGR: 7.14%

*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 Dhanlaxmi Bank Ltd:
1. Net Profit Margin: 4.79%
  - 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: 0% (Industry Average ROCE: 7.14%)
  - 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%: 0% (Industry Average ROE: 13.99%)
  - 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): 0
  - 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: 0
  - 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: 23.2 (Industry average Stock P/E: 13.32)
  - 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: 0
  - 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

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. 1206.99 Cr. and Equity Capital is Rs. 253.01 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Finance - Banks - Private Sector	P.B. No. 9, Dhanalakshmi Buildings, Thrisoor Kerala 680001	investors@dhanbank.co.in http://www.dhanbank.com

Management
Name	Position Held
Mr. K N Madhusoodanan	Chairman
Mr. K K Ajit Kumar	Managing Director & CEO
Mr. G Rajagopalan Nair	Independent Director
Ms. Vardhini Kalyanaraman	Independent Director
Dr. Nirmala Padmanabhan	Independent Director
Mr. Sreesankar Radhakrishnan	Independent Director
Dr. C K Jineesh Nath	Additional Director
Mr. Nageswara Rao Chatrali	Nominee Director
Mr. D K Kashyap	Nominee Director
Mr. Jayakumar Yarasi	Nominee Director

FAQ

What is Dhanlaxmi Bank Ltd's true worth and is it a good investment?

Let's break down Dhanlaxmi Bank Ltd's valuation simply:

We calculate intrinsic value using the PE Ratio Method - comparing the company's current price-to-earnings ratio with its historical average and industry peers. Think of it like checking if a stock is "on sale" compared to its typical pricing.

As of 21 February 2025:

Calculated Fair Value: ₹28.61
Current Market Price: ₹24.00
Variance: 19.21% higher

This suggests Dhanlaxmi Bank Ltd is currently undervalued by 19.21%. For context:

Market Cap: 949 Cr.
52-Week Range: 41.4/22.0
Reserves (Mar 2024): ₹777 Cr
Liabilities: 15,962 Cr

Remember: The PE method gives a snapshot based on earnings multiples. While useful for quick comparisons, investors should also consider growth prospects, industry trends, and economic conditions. This calculation assumes historical PE ratios remain relevant - always verify with current market dynamics.

What is the Market Cap of Dhanlaxmi Bank Ltd?

The Market Cap of Dhanlaxmi Bank Ltd is 949 Cr..

What is the current Stock Price of Dhanlaxmi Bank Ltd as on 21 February 2025?

The current stock price of Dhanlaxmi Bank Ltd as on 21 February 2025 is ₹24.0.

What is the High / Low of Dhanlaxmi Bank Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Dhanlaxmi Bank Ltd stocks is 41.4/22.0.

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

The Stock P/E of Dhanlaxmi Bank Ltd is 23.2.

What is the Book Value of Dhanlaxmi Bank Ltd?

The Book Value of Dhanlaxmi Bank Ltd is 26.1.

What is the Dividend Yield of Dhanlaxmi Bank Ltd?

The Dividend Yield of Dhanlaxmi Bank Ltd is 0.00 %.

What is the ROCE of Dhanlaxmi Bank Ltd?

The ROCE of Dhanlaxmi Bank Ltd is 5.38 %.

What is the ROE of Dhanlaxmi Bank Ltd?

The ROE of Dhanlaxmi Bank Ltd is 5.79 %.

What is the Face Value of Dhanlaxmi Bank Ltd?

The Face Value of Dhanlaxmi Bank Ltd is 10.0.