DCB Bank Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for DCBBANK, BSE:532772 DCB Bank Ltd.

DCB Bank Ltd.

20 Jul 2018

131.67

-0.29%

Initiating Coverage of DCB Bank

Buy: DCB Bank Ltd.

IDBI Capital

Under the leadership of Mr. Natrajan heading since FY10, the bank reinvented its business model with greater emphasis on retail banking. The Focus shifted towards secured and granular business. Bank chose to create a niche in self-employed segment, which has relatively limited competition enabling the bank to improve its NIMs significantly. With branch network already doubled over the last three years, the management is targeting strong improvement in operational efficiency. We are factoring next two years CAGR loan growth of 25%, PAT growth of 31% and...

Number of FII/FPI investors increased from 133 to 143 in Jun 2025 qtr.

DCB Bank Ltd.

17 Jul 2018

131.67

-0.29%

DCB Bank

Hold: DCB Bank Ltd.

Recommendation Target

ICICI Securities Limited

DCB Bank reported a mixed set of numbers. NIM came in at 3.9% (lowest in last four quarters). It was impacted by yield pressure in corporate & mortgage portfolio and also owing to a rise in slippages to | 107 crore in Q1FY19 vs. earlier trajectory of ~| 80 crore GNPA ratio increased to 1.86% vs. 1.79% QoQ while NNPA ratio was flat at 0.72%. PCR was at 76.1% vs. 75.7% in Q4FY18. Higher slippages came as a negative surprise. Loans continued to increase at a strong pace of 31% YoY to | 21243...

Number of FII/FPI investors increased from 133 to 143 in Jun 2025 qtr.

DCB Bank Ltd.

17 Jul 2018

131.67

-0.29%

DCB Bank - 1QFY19 Result Update

Buy: DCB Bank Ltd.

Target

Reliance Securities

DCB Bank has posted Rs695mn net profit (+6.5% YoY & +8.2% QoQ) in 1QFY19, marginally above our estimates of Rs654mn. Higher NII (+17.1% YoY & +3.5% QoQ) led by continued strong growth in loan book (+30.6% YoY & 4.5% QoQ) and lower provisioning expenses at Rs332mn (-6.4% YoY & -14.4% QoQ) aided bottom-line growth. However, operating profit growth moderated to 3.6% YoY to Rs1.41bn owing to lower treasury income and relatively higher opex. Fresh slippages also sequentially increased to Rs1,074mn vs. Rs814mn in 4QFY18 and Rs887mn in 1QFY18. Headline gross NPA number rose by 8.6% QoQ due to higher quarterly slippages. Notably, its overall stressed loan portfolio remained stable and within the Management's comfort zone....

DCB Bank Ltd. has an average target of 174.57 from 7 brokers.

DCB Bank Ltd.

17 Jul 2018

131.67

-0.29%

EARNINGS UPDATE-1QFY19-DCB BANK

Buy: DCB Bank Ltd.

Chola Wealth Direct

Sector: Banking /Mid-Cap | Earnings Update 1QFY19 Background: DCB Bank Limited (formerly Development Credit Bank Limited) has a deposit base of INR 240 bn and advances of INR 203 bn at the end 4QFY18, making it the smallest bank in the listed private sector space, including both new and old generation private sector banks. Promoter group the Aga Khan Fund for Economic Development (AKFED) & Platinum Jubilee Investments holds ~15% stake. DCB services entails Corporate Banking - 17%, SME -12%, Agriculture 18%, Mortgages ...

DCB Bank Ltd. is trading below its 100 day SMA of 135.7

DCB Bank Ltd.

16 Jul 2018

131.67

-0.29%

DCB Bank (1QFY19): 1% RoA on the cards? Maintain BUY

Buy: DCB Bank Ltd.

HDFC Securities

Maintain BUY with a TP of Rs 216 (2.2x Mar-20 ABV of Rs 98). After beating our growth forecasts for FY18, DCBB delivered faster than expected growth (+31% YoY) yet again. Curbed costs (up merely 4% QoQ) and significantly lower provisions (64bps vs 80bps QoQ) led to a 20% beat in net earnings. Though the erosion in margins (-26bps QoQ) seems massive, it is mostly optical due to the comparison with reported NIMs (annual) in 4Q. The spike in GNPAs (9% QoQ, a 1Q phenomenon) was lower than previous years.

DCB Bank Ltd. has an average target of 174.57 from 7 brokers.

DCB Bank Ltd.

16 Jul 2018

131.67

-0.29%

Robust balance sheet growth; NIM under pressure

Neutral: DCB Bank Ltd.

Target

Motilal Oswal

16 July 2018 DCB Bank (DCBB) reported PPoP growth of 4% YoY 6% below our estimate due to an NII miss of 4% (17bp QoQ contraction in the NIM due to an 8bp decline in yield on advances and a 6bp increase in cost of funds). Other income declined 3% YoY (-2% QoQ) off a high base. with cost to assets of 2.8% being the Provisions of INR332m (-6% YoY) were lower than our estimate, which offset the 6% PPoP miss. Consequently, PAT of INR695m (+7% YoY) came largely in line with our estimate. Strong growth in AIB (+38%), MSME (+43%) and Corporate (+48%) books led to 4.5%/30.6% QoQ/YoY growth in the loan book to INR212.4b. Other smaller categories such as CV (+57%), gold (+31%) and construction finance (+31%) also showed strong growth, while mortgages grew marginally slower at 18% YoY. Slippages inched up to INR1.07b (2.6% v/s 2.1% in 4Q), led by elevated slippages in AIB.

DCB Bank Ltd. is trading above its 200 day SMA of 126.8

DCB Bank Ltd.

16 Jul 2018

131.67

-0.29%

DCB Bank

Buy: DCB Bank Ltd.

JM Financial

DCB Bank reported PAT of INR 695mn in 1QFY19, a tad below our estimates (4% below JMFe). The miss in PAT was largely driven by continued increase in opex (+17.5% YoY) as the moderation in topline growth (+17% YoY) was in-line with our estimates. DCBB witnessed compression in margin (26 bps QoQ) to 3.9% in 1QFY19, while balance sheet growth was strong (both loans and deposits were up 31% YoY). While competitive forces have resulted in headwinds for DCBB's yields, we remain constructive on DCBB's potential to improve its RoA, primarily driven by an improvement in its cost profile. We believe current levels provide an attractive entry point for the stock. We factor in the compression in NIM and cut our...

DCB Bank Ltd. is trading above its 200 day SMA of 126.8

DCB Bank Ltd.

16 Jul 2018

131.67

-0.29%

DCB Bank

Buy: DCB Bank Ltd.

Centrum Broking

We retain BUY on DCB Bank (DCBB) with TP at Rs215. Q1'19 results beat our estimates on both revenue and earnings front. NIM at 3.56% (calc) declined 12bps QoQ and was well on the expected lines. While we foresee some improvement in NIM (especially in H2FY19), the overall trend will remain lower for FY19E (over FY18). Our calculation suggests employee productivity on rise; continued momentum will aid in increased profitability. Loan growth momentum remains intact, asset quality under check, capital position strong; we see RoA /...

DCB Bank Ltd. is trading above its 200 day SMA of 126.8

DCB Bank Ltd.

26 Jun 2018

131.67

-0.29%

Investment note : DCB Bank Limited

Buy: DCB Bank Ltd.

Choice India

DCB Bank Ltd. (DBL), is a small private sector bank with 318 branches across 19 states and 3 union territories. DBL was in consolidation phase during FY08-FY13 with 94 branches and credit book stood at Rs65.8 bn in FY13. Post FY13, DBL changed its strategy for aggressive business growth and consequently its credit book expanded by 3(x) to Rs203.4 bn by FY18, representing CAGR of 25.3% during FY13-FY18. DBL has maintained stable assets quality with GNPA stood at 1.8% and NNPA at 0.72% by...

DCB Bank Ltd. has an average target of 174.57 from 7 brokers.

DCB Bank Ltd.

23 May 2018

131.67

-0.29%

DCB Bank (Annual Report Analysis): Striding forward. Maintain BUY

Buy: DCB Bank Ltd.

HDFC Securities

Maintain BUY with a TP of 216 (2.2xFY20E ABV of Rs 98). DCBBs strong show through FY18 compels us to reiterate our faith in the growth story. With the accelerated branch expansion behind and widening of products offerings, sustained and granular growth (CAGR of 25% of FY19-20E) is a given. We expect asset quality to remain stable hereon as GST and demonetization related headwinds recede.

DCB Bank Ltd. is trading above its 200 day SMA of 126.8

Is DCB Bank Ltd. worth buying?

338 Votes:

Buy 81.66%

Sell 11.24%

Hold 7.1%

RESEARCH REPORTS

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Buy SEE REPORTS >

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