Dhanlaxmi Bank Share Price Target 2024-2030 Fundamentals & Quarterly Results

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.Dhanlaxmi Bank Share Price Target

Dhanlaxmi Bank Overview

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
  • Dr.Nirmala Padmanabhan Independent Director
  • Ms.Vardhini Kalyanaraman Independent Director
  • Mr.Sreesankar Radhakrishnan Independent Director
  • Mr.K N Madhusoodanan Independent Director
  • Mr.Sridhar Kalyanasundaram Independent Director
  • Mr.G Rajagopalan Nair Independent Director
  • Mr.J K Shivan Managing Director & CEO
  • Mr.Jayakumar Yarasi Nominee Director
  • Mr.D K Kashyap Nominee Director
  • Mr.C K Gopinathan Non Executive Director
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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Dhanlaxmi Bank Shareholding Pattern

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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Dhanlaxmi Bank Share Price Target 2024-2030 Forecast

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

Dhanlaxmi Bank Share Price Target 2025

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

Dhanlaxmi Bank Share Price Target 2026

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

Dhanlaxmi Bank Share Price Target 2027

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

Dhanlaxmi Bank Share Price Target 2028

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

Dhanlaxmi Bank Share Price Target 2029

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

Dhanlaxmi Bank Share Price Target 2030

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

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