Dhanlaxmi Bank Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results –Dhanlaxmi Bank is nearly hit her 100th year milestone in retail banking, corporate banking and treasury operations largely in the southern states of India. It has 255 branches and 275 ATMs including 17 business correspondents spread over 14 states and one Union Territory to date. In the recent past, the Bank has been faced with challenge of raising capital while reports indicate that there is infighting among its board members.
Latest Update – Dhanlaxmi Bank Ltd’s net profit has decreased by -128.27% from the same period last year, reaching -₹8 Cr in Q1 2024-2025. In terms of quarterly growth, Dhanlaxmi Bank Ltd’s net profits have dropped by -341.69% in the past 3 months.
Dhanlaxmi Bank Overview
Contents
In 1927, Dhanlaxmi Bank Ltd was formed in Thrissur, Kerala and is a publicly traded financial institution that offers an extensive array of services like retail banking, corporate banking as well as treasury activities mainly focusing on the southern parts of India.
| Company Name | Dhanlaxmi Bank |
| Listed at | NSE & BSE |
| Head Office | DHANALAKSHMI BANK BUILDINGNAICKANAL Naickanal TRICHUR KL IN 680001 |
| Board Of Directors |
|
| Official Website | dhanbank.com |
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Dhanlaxmi Bank Business Profile
Dhanlaxmi Bank, with all its ancient reputation, has grown enough to win over the hearts of customers .This amazing financial growth was only made possible through unwavering dedication put into seeking out new ways of doing things, providing unparalleled customer service plus showing concern to society.
The bank offers its services through its core 4 parts i.e Treasury operations, corporate wholesale banking Retail Banking & other banking business.
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Asset quality
There was a significant improvement in the quality of assets, with a 263 bps reduction in Gross NPA and Net NPA rates dropping by 260 bps year-on-year to 6.04 percent and 2.32 percent correspondingly.
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Network
The bank has 520 customer touch points already, with 247 branches, 263 ATMs, and 17 BCs in 14 States and 1 Union Territory. Moreover, about eighty percent of all branches are found in southern states.
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New Branches
The bank has received in-principle approval from the Reserve Bank of India for setting up of 20 new branches. Moreover, in Hyderabad, it has started a new Regional Office.
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Tie-Ups
The company aligned itself with New Street Technologies Pvt Ltd to venture into the Fintech Era in Micro Lending, Operation management & Technology services under priority sector lending. The bank rolled out the “Dhanam Paddy Receipt Sheet Loan” in partnership with “SUPPLYCO.
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Additional Services
The bank has signed a distribute agreement with SBI General Insurance Co. Ltd for non-life insurance products. They also made available online Trading facility through a tie-up with SMC Global Securities Ltd. and a few more services for the benefit of customers.
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Fund Raised
The company has approved the bank’s request to raise money by issuing Non Convertible Debentures in the form of Basel III compliant Tier 2 Bonds not exceeding Rs.300 crores during one or more tranches
Dhanlaxmi Fundamentals & Quarterly Results
| Market Cap | ₹ 1,082 Cr. |
| Current Price | ₹ 42.8 |
| High / Low | ₹ 59.0 / 16.4 |
| Stock P/E | 18.7 |
| Book Value | ₹ 38.0 |
| Dividend Yield | 0.00 % |
| ROCE | 5.53 % |
| ROE | 6.02 % |
| Face Value | ₹ 10.0 |
| Debt to equity | 14.4 |
| Debt Capacity | -7.94 |
| Debt preceding year | ₹ 13,844 Cr. |
| Debt | ₹ 13,844 Cr. |
| Reserves | ₹ 708 Cr. |
| EPS | ₹ 2.29 |
| EPS last year | ₹ 2.29 |
| Pledged percentage | 0.00 % |
| FCF Prev Ann | ₹ 182 Cr. |
| EVEBITDA | 17.2 |
| Industry PE | 12.5 |
| PEG Ratio | 0.50 |
| Piotroski score | 6.00 |
| Earnings yield | 5.82 % |
| Sales growth 5Years | 4.44 % |
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Dhanlaxmi Bank Quarterly Results
| Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 234.63 | 234.91 | 258.37 | 262.50 | 276.26 | 274.10 | 289.14 | 303.90 | 307.72 | 306.23 |
| Interest | 138.89 | 138.49 | 141.07 | 146.06 | 149.40 | 158.95 | 170.51 | 182.94 | 193.72 | 201.37 |
| Expenses + | 128.24 | 140.48 | 122.18 | 123.31 | 141.05 | 132.12 | 140.59 | 118.07 | 146.65 | 135.22 |
| Financing Profit | -32.50 | -44.06 | -4.88 | -6.87 | -14.19 | -16.97 | -21.96 | 2.89 | -32.65 | -30.36 |
| Financing Margin % | -13.85% | -18.76% | -1.89% | -2.62% | -5.14% | -6.19% | -7.59% | 0.95% | -10.61% | -9.91% |
| Other Income + | 34.53 | 68.67 | -21.55 | 22.76 | 35.92 | 37.39 | 52.26 | 23.53 | 35.70 | 41.07 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 2.03 | 24.61 | -26.43 | 15.89 | 21.73 | 20.42 | 30.30 | 26.42 | 3.05 | 10.71 |
| Tax % | 0.00% | 4.84% | 0.00% | 0.00% | 0.00% | -86.92% | 6.60% | 12.34% | 0.00% | 69.09% |
| Net Profit + | 2.03 | 23.42 | -26.43 | 15.89 | 21.73 | 38.17 | 28.30 | 23.16 | 3.05 | 3.31 |
| EPS in Rs | 0.08 | 0.93 | -1.04 | 0.63 | 0.86 | 1.51 | 1.12 | 0.92 | 0.12 | 0.13 |
| Gross NPA % | 7.55% | 6.32% | 6.35% | 6.04% | 5.83% | 5.19% | 5.21% | 5.36% | 4.81% | 4.05% |
| Net NPA % | 3.83% | 2.85% | 2.69% | 2.32% | 1.82% | 1.16% | 1.09% | 1.29% | 1.27% | 1.25% |
CAGR Report
| 10 Years | 5 Years | 3 Years | TTM (Trailing Twelve Months) | |
|---|---|---|---|---|
| Compounded Sales Growth | -1% | 4% | 9% | 13% |
| Compounded Profit Growth | 8% | 37% | 16% | 19% |
| Stock Price CAGR | -1% | 17% | 42% | 157% |
| Return on Equity | -3% | 6% | 5% | 6% |
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| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| FIIs + | 16.46% | 12.49% | 11.41% | 11.44% | 11.43% | 11.50% | 10.86% | 6.10% |
| DIIs + | 0.31% | 3.89% | 2.30% | 0.97% | 0.35% | 0.07% | 0.12% | 0.07% |
| Public + | 83.23% | 83.62% | 86.29% | 87.59% | 88.22% | 88.43% | 89.01% | 93.82% |
| No. of Shareholders | 85,866 | 80,081 | 79,277 | 77,432 | 88,708 | 96,864 | 1,08,521 | 2,12,869 |
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| Year | Initial Target | Mid-Year Target | Year-End Target |
| 2024 | ₹38.2 | ₹47.65 | ₹53.31 |
| 2025 | ₹54 | ₹50 | ₹59 |
| 2026 | ₹60 | ₹56 | ₹65 |
| 2027 | ₹66 | ₹62 | ₹73 |
| 2028 | ₹74 | ₹70 | ₹85 |
| 2029 | ₹87 | ₹82 | ₹98 |
| 2030 | ₹100 | ₹95 | ₹113 |
| Month | Target |
| January | ₹54 |
| February | ₹55 |
| March | ₹56 |
| April | ₹54 |
| May | ₹52 |
| June | ₹50 |
| July | ₹52 |
| August | ₹54 |
| September | ₹56 |
| October | ₹57 |
| November | ₹58 |
| December | ₹59 |
| Month | Target |
| January | ₹60 |
| February | ₹61 |
| March | ₹62 |
| April | ₹60 |
| May | ₹58 |
| June | ₹56 |
| July | ₹58 |
| August | ₹60 |
| September | ₹62 |
| October | ₹63 |
| November | ₹64 |
| December | ₹65 |
| Month | Target |
| January | ₹66 |
| February | ₹67 |
| March | ₹68 |
| April | ₹66 |
| May | ₹64 |
| June | ₹62 |
| July | ₹64 |
| August | ₹67 |
| September | ₹70 |
| October | ₹71 |
| November | ₹72 |
| December | ₹73 |
| Month | Target |
| January | ₹74 |
| February | ₹75 |
| March | ₹77 |
| April | ₹74 |
| May | ₹72 |
| June | ₹70 |
| July | ₹73 |
| August | ₹76 |
| September | ₹79 |
| October | ₹81 |
| November | ₹83 |
| December | ₹85 |
| Month | Target |
| January | ₹87 |
| February | ₹89 |
| March | ₹91 |
| April | ₹88 |
| May | ₹85 |
| June | ₹82 |
| July | ₹85 |
| August | ₹88 |
| September | ₹92 |
| October | ₹94 |
| November | ₹96 |
| December | ₹98 |
| Month | Target |
| January | ₹100 |
| February | ₹102 |
| March | ₹104 |
| April | ₹101 |
| May | ₹98 |
| June | ₹95 |
| July | ₹99 |
| August | ₹103 |
| September | ₹107 |
| October | ₹109 |
| November | ₹111 |
| December | ₹113 |
Official Website dhanbank.com