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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 532180 | NSE: DHANBANK

Fundamental Analysis of Dhanlaxmi Bank Ltd

About the Company - Dhanlaxmi Bank Ltd

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. 916.64 Cr. and Equity Capital is Rs. 253.01 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorP.B. No. 9, Dhanalakshmi Buildings, Thrisoor Kerala 680001investors@dhanbank.co.in
http://www.dhanbank.com
Management
NamePosition Held
Mr. J K ShivanManaging Director & CEO
Mr. C K GopinathanNon Executive Director
Mr. G Rajagopalan NairIndependent Director
Ms. Vardhini KalyanaramanIndependent Director
Mr. Sridhar KalyanasundaramIndependent Director
Mr. Sreesankar RadhakrishnanIndependent Director
Mr. K N MadhusoodananIndependent Director
Dr. Nirmala PadmanabhanIndependent Director
Mr. D K KashyapNominee Director
Mr. Jayakumar YarasiNominee Director

Basic Stock Data of Dhanlaxmi Bank Ltd

Last Updated: May 30, 2024, 6:10 am

Market Cap 1,066 Cr.
Current Price 42.1
High / Low59.0/16.4
Stock P/E18.4
Book Value 38.0
Dividend Yield0.00 %
ROCE5.53 %
ROE6.02 %
Face Value 10.0
PEG Ratio2.58

Competitors of Dhanlaxmi Bank Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IDFC First Bank Ltd 55,191 Cr. 78.0101/65.818.8 39.10.00 %7.79 %11.4 % 10.0
Bandhan Bank Ltd 29,883 Cr. 186272/17310.0 1220.82 %6.67 %11.9 % 10.0
Yes Bank Ltd 67,998 Cr. 22.632.8/14.152.9 13.80.00 %6.29 %3.23 % 2.00
Karur Vysya Bank Ltd 15,817 Cr. 197209/1049.86 1071.02 %7.50 %18.7 % 2.00
South Indian Bank Ltd 6,998 Cr. 26.836.9/16.16.55 25.51.12 %6.47 %16.0 % 1.00
Industry Average35,177.40 Cr102.0819.6261.480.59%6.94%12.25%5.00

Dhanlaxmi Bank Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Revenue244237213218229235235258262276274289304
Interest155147141139138139138141146149159171183
Expenses8013081101125128140122123141132141118
Financing Profit8-40-10-21-34-32-44-5-7-14-17-223
Financing Margin %3%-17%-5%-10%-15%-14%-19%-2%-3%-5%-6%-8%1%
Other Income6512128383569-222336375224
Depreciation0000000000000
Profit before tax14121174225-261622203026
Tax %0%0%51%0%0%0%5%0%0%0%-87%7%12%
Net Profit1412574223-261622382823
EPS in Rs0.550.470.210.270.140.080.93-1.040.630.861.511.120.92
Gross NPA %6.36%5.78%9.23%9.27%8.67%7.55%6.32%6.35%6.04%5.83%5.19%5.21%5.36%
Net NPA %1.66%1.11%4.58%4.58%4.92%3.83%2.85%2.69%2.32%1.82%1.16%1.09%1.29%

Dhanlaxmi Bank Ltd Quarterly Chart

Dhanlaxmi Bank Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue1,3941,3081,2921,2841,2041,0891,0139719889319171,0711,143
Interest1,1461,0321,012985900757668625614601554595662
Expenses476383574607566410460377407399476480532
Financing Profit-229-107-294-308-261-78-114-30-34-70-113-4-50
Financing Margin %-16%-8%-23%-24%-22%-7%-11%-3%-3%-7%-12%-0%-4%
Other Income1441147385771111025311312216975149
Depreciation2931311825201311131520210
Profit before tax-115-23-252-241-20912-25126637364999
Tax %-1%111%-0%-0%0%0%0%0%0%0%0%0%
Net Profit-1163-252-241-20912-251266373649111
EPS in Rs-13.580.31-20.00-13.61-11.800.59-0.980.462.601.471.421.954.41
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Dhanlaxmi Bank Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
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 Growth

Compounded Sales Growth
10 Years:-1%
5 Years:4%
3 Years:9%
TTM:13%
Compounded Profit Growth
10 Years:8%
5 Years:37%
3 Years:16%
TTM:19%
Stock Price CAGR
10 Years:-1%
5 Years:18%
3 Years:40%
1 Year:157%
Return on Equity
10 Years:-3%
5 Years:6%
3 Years:5%
Last Year:6%

Last Updated: May 23, 2024, 3:23 pm

Dhanlaxmi Bank Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital8585126177177210253253253253253253
Reserves643681610546331445496508574611647708
Borrowings13,52612,79413,46913,32311,60611,43911,31210,80411,08211,86212,55313,844
Other Liabilities422269482305349240225234357370343327
Total Liabilities14,67613,83014,68814,35212,46312,33312,28611,79912,26513,09613,79615,132
Fixed Assets139125199184152183173169179225221251
CWIP91013192731313335007
Investments4,3604,5094,4824,4973,7924,1944,3654,0373,6824,4394,0443,889
Other Assets10,1689,1849,9939,6528,4927,9257,7187,5608,3698,4339,53110,986
Total Assets14,67613,83014,68814,35212,46312,33312,28611,79912,26513,09613,79615,132

Dhanlaxmi Bank Ltd Reserves and Borrowings Chart

Dhanlaxmi Bank Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 29-113649-605-298-99-203-144554-90139216
Cash from Investing Activity -43-19-24-10-9-11-3-10-25-27-388-106
Cash from Financing Activity 4143114230-15084270-95-23-2800
Net Cash Flow-911738-385-457-2664-248506-144-249111

Dhanlaxmi Bank Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %-15%0%-34%-33%-34%2%-4%2%8%4%4%5%

Dhanlaxmi Bank Ltd Financial Efficiency Indicators Chart

Dhanlaxmi Bank Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
FIIs11.44%11.43%11.43%11.43%11.49%11.50%11.43%11.62%10.84%10.86%10.97%10.76%
DIIs0.17%0.35%0.07%0.07%0.08%0.07%0.07%0.07%0.07%0.12%0.07%0.07%
Public88.39%88.22%88.50%88.50%88.43%88.43%88.50%88.31%89.07%89.01%88.95%89.16%
No. of Shareholders87,18288,70891,62597,02496,05696,86497,20296,4521,09,4081,08,5211,06,4151,18,022

Dhanlaxmi Bank Ltd Shareholding Pattern Chart

No. of Dhanlaxmi Bank Ltd Shareholders

This stock is not held by any mutual fund

Dhanlaxmi Bank Ltd ROCE Trend

Dhanlaxmi Bank Ltd EPS Trend

Dhanlaxmi Bank Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.)1.951.421.472.600.46
Diluted EPS (Rs.)1.951.421.472.600.46
Cash EPS (Rs.)2.792.212.083.130.90
Book Value[Excl.RevalReserv]/Share (Rs.)31.6630.1128.6727.1824.56
Book Value[Incl.RevalReserv]/Share (Rs.)37.9935.5734.1532.6830.08
Operating Revenue / Share (Rs.)42.3436.2336.7939.0338.40
Net Profit / Share (Rs.)1.951.421.472.600.46
Interest Income / Employee (Rs.)6062462.375316922.855620451.095761900.235479348.56
Net Profit / Employee (Rs.)279357.67208260.44224565.82383771.8865815.00
Business / Employee (Rs.)129050203.17119169799.88111710763.89101517901.4095276945.85
Interest Income / Branch (Rs.)42341387.3536812751.0037989661.2239983388.6638859540.00
Net Profit / Branches (Rs.)1951086.961441931.731517881.632663097.17466760.00
Business / Branches (Rs.)901311102.77825095321.29755073571.43704460255.06675704100.00
Net Profit Margin (%)4.603.913.996.661.20
Operating Profit Margin (%)-2.34-14.53-11.20-4.76-4.22
Return On Assets (%)0.320.260.280.530.09
Return On Equity / Networth (%)6.164.715.129.561.87
Net Interest Margin (X)3.142.622.513.042.93
Cost To Income (%)43.7145.6340.4738.1837.86
Interest Income / Total Assets (%)7.076.647.108.058.23
Non-Interest Income / Total Assets (%)0.491.221.080.920.44
Operating Profit / Total Assets (%)-0.16-0.96-0.79-0.38-0.34
Operating Expenses / Total Assets (%)2.822.872.792.642.58
Interest Expenses / Total Assets (%)3.934.014.585.005.29
Enterprise Value (Rs.Cr.)13373.2912187.9711635.0010736.9710685.26
EV Per Net Sales (X)12.4813.3012.5010.8711.00
Price To Book Value (X)0.450.410.510.290.70
Price To Sales (X)0.340.340.400.200.45
Retention Ratios (%)100.00100.00100.00100.00100.00
Earnings Yield (X)0.130.110.090.320.02

Dhanlaxmi Bank Ltd Profitability Ratios (%)

Dhanlaxmi Bank Ltd Liquidity Ratios

Dhanlaxmi Bank Ltd Liquidity Ratios (%)

Dhanlaxmi Bank Ltd Interest Coverage Ratios (X)

Dhanlaxmi Bank Ltd Valuation Ratios

Fair Value

Fair Value: ₹42.93

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: 1.98% compared to the current price ₹42.1

Intrinsic Value: ₹46.00

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: 9.26% compared to the current price ₹42.1

Last 5 Year EPS CAGR: 7.14%

*Investments are subject to market risks

Strength and Weakness of Dhanlaxmi Bank Ltd

Unable to fetch valid data for stock valuation.

Should I Buy Dhanlaxmi Bank Ltd Share Now?

  • 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: 4.60%
      • 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: 6.94%)
      • 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: 12.25%)
      • 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: 18.4 (Industry average Stock P/E: 19.62)
      • 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:

FAQ

What is the latest fair value of Dhanlaxmi Bank Ltd?

The latest fair value of Dhanlaxmi Bank Ltd is ₹42.93.

What is the Market Cap of Dhanlaxmi Bank Ltd?

The Market Cap of Dhanlaxmi Bank Ltd is 1,066 Cr..

What is the current Stock Price of Dhanlaxmi Bank Ltd as on 30 May 2024?

The current stock price of Dhanlaxmi Bank Ltd as on 30 May 2024 is ₹42.1.

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

In FY 2024, the High / Low of Dhanlaxmi Bank Ltd stocks is 59.0/16.4.

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

The Stock P/E of Dhanlaxmi Bank Ltd is 18.4.

What is the Book Value of Dhanlaxmi Bank Ltd?

The Book Value of Dhanlaxmi Bank Ltd is 38.0.

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 5.53 %.

What is the ROE of Dhanlaxmi Bank Ltd?

The ROE of Dhanlaxmi Bank Ltd is 6.02 %.

What is the Face Value of Dhanlaxmi Bank Ltd?

The Face Value of Dhanlaxmi 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 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