Dhanlaxmi Bank Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

Dhanlaxmi Bank is close to celebrating its 100th year of retail, corporate, and treasury operations, primarily in India’s southern states. It has 255 branches and 275 ATMs including 17 business reporters spread more than 14 states and one Association Region to date. In the new past, the Bank has been confronted with challenge of raising capital while reports demonstrate that there is infighting among its board individuals.

Dhanlaxmi Bank Share Price Target 2024-2030

Dhanlaxmi Bank Ltd was shaped in Thrissur, Kerala and is a public monetary foundation that offers a broad exhibit of administrations like retail banking, corporate banking as well as depository exercises mostly zeroing in on the southern pieces of India. The retail banking, corporate banking, and treasury operations of Dhanlaxmi Bank are primarily concentrated in the southern states of India, where it has been operating for almost 100 years. Starting today, Dhanlaxmi has 255 branches with 275 ATMs and 17 business journalists in India,spread across 14 states and one Association Region.

Dhanlaxmi Bank Share Price Target Today Update

• Dhanlaxmi Bank experiences absence of capital as RBI’s final proposal holds tight its neck. The bank is given a final offer by the controller to raise more capital.
• For the situation the Dhanlaxmi Bank neglects to do as such, RBI could make the necessary move and override the board.
• Dhanlaxmi Bank’s Portion Cost is up by 70% in the last 10 meetings after Q3 FY24 monetary outcomes.
• Revenue from DHANBANK NSE increased by 11.5% year-over-year to Rs 24,657 crores.
• RBI, on January twelfth,’ forced a fine of Rs 1.20 crores for a situation where the Bank is blamed for not conforming to the guidelines according to the National Bank and Administrative Body of the Indian Financial Framework.

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Dhanlaxmi Bank Business Profile

Despite its long history, Dhanlaxmi Bank has grown sufficiently to win customers over. This astonishing monetary development was just made conceivable through immovable devotion put into searching out better approaches for getting things done, giving unmatched client support in addition to showing worry to society.

• Asset quality: The Gross NPA rate decreased by 263 bps and the Net NPA rate decreased by 260 bps, respectively, to 6.04 percent and 2.32 percent, respectively, as a result of the significant improvement in the quality of the assets.
• Network: The bank has 520 client contact focuses as of now, with 247 branches, 263 ATMs, and 17 BCs in 14 States and 1 Association Domain. Besides, around a lot of all branches are tracked down in southern states.
• New Branches: The bank has gotten on a basic level endorsement from the Save Bank of India for setting up of 20 new branches. Besides, in Hyderabad, it has begun another Local Office.
• Tie-Ups: The organization fell in line with New Road Advancements Pvt Ltd to wander into the Fintech Time in Miniature Loaning, Activity the executives and Innovation administrations under need area loaning. The bank carried out the “Dhanam Paddy Receipt Sheet Advance” in organization with “SUPPLYCO.
• Additional Services: The bank has consented to a disperse arrangement with SBI General Protection Co. Ltd for products related to life insurance. Through a partnership with SMC Global Securities Ltd., they also made an online trading facility and a few additional services available to customers.
• Fund Raised: The organization has endorsed the bank’s solicitation to fund-raise by giving Non Convertible Debentures as Basel III consistent Level 2 Securities not surpassing Rs.300 crores during at least one 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 %

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%

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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%

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

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

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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

Points Before Investing in Dhanlaxmi Bank NSE Stock

• When compared to Q3FY23’s gross advance of Rs 9,244 crores, Dhanlaxmi Bank’s gross advances increased by Rs 11.93 percent.
• In Q3FY24, the Dhanlaxmi Bank’s total deposits increased by 10.60% year-over-year to Rs 14.310 crores.
• According to the financial results for Q3FY24, the Credit Deposit Ratio at Dhanlaxmi Bank is 72.31 percent, up from 71.45 percent in the corresponding quarter in previous years.
• Dhanlaxmi Offer Cost has been sensibly estimated throughout the long term and has seen a slight quick development on the Public Stock Trade in 2023.

Final Words

The share price of Dhanlaxmi Bank has been neither surprisingly bullish on the stock trade nor it has been a negative stock. Over the most recent five years of its exchanging history, DHANBANK NSE has seen a development of 236% as well as 192% in 2023. Based on this, we can conclude that the Dhanlaxmi Bank Share Price has only increased rapidly in the past year and has remained constant before that. The stock has performed well since January seventeenth, 2024 posting a development of 20%.