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.

17 Apr 2018

129.08

-0.09%

DCB Bank (4QFY18): Ready-set-go. Maintain BUY

Buy: DCB Bank Ltd.

Target

HDFC Securities

Maintain BUY with a TP of Rs 216 (2.2x Mar-20 ABV of Rs 98.3). DCBBs 4Q numbers were brimming with positives as growth sustained (+29% YoY) and NIMs held up (4.16%, +4bps QoQ). Tight control on costs was evident as opex grew merely ~2% QoQ and core C-I dropped 330bps QoQ. Robust fee growth (+39%), timely reduction of the mortgage portfolio (down 200bps QoQ) and sharp rise in PCR (75.7%; +240bps QoQ) were a key positives. Asset quality was contained with lower slippages, better recoveries and healthy PCR.

DCB Bank Ltd. is trading above its 200 day SMA of 127.0

DCB Bank Ltd.

17 Apr 2018

129.08

-0.09%

DCB Bank - 4QFY18 Result Update

Buy: DCB Bank Ltd.

Target

Reliance Securities

DCB Bank continued to deliver healthy performance on all major metrics in 4QFY18 as well led by (a) strong growth in loan book (+28.6% YoY & 9.4% QoQ); (b) all-time high NIMs of 4.16% in FY18 vs. 4.04% in FY17; (c) strong growth in other income (+33.4% YoY & 13.2% QoQ); (d) continued sequential improvement in C/I ratio to 59.4% vs. 62.3% in 3QFY18; and (e) lower fresh slippages of Rs805mn vs. Rs1,031mn in 3QFY18. Led by 70% YoY and 16% QoQ improvement in upgrades and recovery from gross NPA to Rs667mn, its headline gross and net NPA ratio came in at 1.79% and 0.72%, respectively compared to 1.89% and 0.87% in 3QFY18. The Bank's overall stressed loan portfolio, which improved sequentially, remains within the Management's comfort zone....

DCB Bank Ltd. is trading above its 200 day SMA of 127.0

DCB Bank Ltd.

17 Apr 2018

129.08

-0.09%

DCB Bank

Hold: DCB Bank Ltd.

Target

Arihant Capital

Deposits for the bank grew at 24% YoY and 13% sequentially. The CASA portion for the bank stood at Rs 5,840 cr rising by 25% YoY & 7% sequentially. CASA ratio stood at 24.33% vs. 24.31% YoY. Retail term deposits stood at 50.18%. Cost of funds...

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

DCB Bank Ltd.

17 Apr 2018

129.08

-0.09%

EARNINGS UPDATE- DCB BANK- 4QFY18

Buy: DCB Bank Ltd.

Recommendation Target

Chola Wealth Direct

Sector: Banking /Mid-Cap | Earnings Update 4QFY18 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 135.0

DCB Bank Ltd.

16 Apr 2018

129.08

-0.09%

DCB Bank

Buy: DCB Bank Ltd.

Recommendation Target

ICICI Securities Limited

DCB Bank reported a healthy set of Q4FY18 numbers with business traction and earnings coming in above our estimates Advances grew at a strong rate of 28.6% YoY (highest in the last six quarters) to | 20337 crore mainly led by the corporate, SME and...

DCB Bank Ltd. is trading below its 100 day SMA of 135.0

DCB Bank Ltd.

16 Apr 2018

129.08

-0.09%

DCB Bank: Cost-to-core income ratio at eight-quarter low; asset quality surprises positively

Neutral: DCB Bank Ltd.

Target

Motilal Oswal

DCB Bank (DCBB) reported PPoP growth of 23% YoY (12% beat), as the 7%beat on total income was offset by the 4% miss on opex. NII growth of 20%YoY was led by 29% loan growth, while other income rose 33% YoY (39% YoY core fee income growth led to a 16% other income beat). 4QFY18 NII included INR26.2m from interest on tax refund. Cost-to-core income ratio stood at 60.1%, the lowest since 4QFY16.Provisions at INR388m (+14% YoY) were in line, while higher-than-expected taxes partly offset the PPoP beat, resulting in PAT (INR642m, +21% YoY)exceeding our estimate by 12%

DCB Bank Ltd. is trading above its 200 day SMA of 127.0

DCB Bank Ltd.

19 Jan 2018

129.08

-0.09%

EARNINGS UPDATE- DCB BANK -3QFY18

Neutral: DCB Bank Ltd.

Target

Chola Wealth Direct

Sector: Banking /Mid-Cap | Earnings Update 3QFY18 Background: DCB Bank Limited (formerly Development Credit Bank Limited) has a deposit base of INR 213 bn and advances of INR186 bn at the end 3QFY18, 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 17%, Mortgages ...

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

DCB Bank Ltd.

18 Jan 2018

129.08

-0.09%

DCB Bank (3QFY18): One-off blip. Maintain BUY

Buy: DCB Bank Ltd.

Target

HDFC Securities

Maintain BUY with a TP of Rs 218 (2.3x Dec-19 ABV of Rs 95). DCBBs 3Q results were a mixed bag. Though growth picked up (+28% YoY) and profitability sustained, asset quality deterioration blemished the show as slippages (~2.3% ann.) stood at a 11-qtr high. However, GNPA accretion was curtailed by higher reductions (+22% QoQ). NIMs (4.12%, down 10bps QoQ) dipped as yield pressure continued. The jump in PCR (+140bps QoQ to 73.4%) and robust fees (+41% YoY) were key positives.

DCB Bank Ltd. is trading below its 100 day SMA of 135.0

DCB Bank Ltd.

18 Jan 2018

129.08

-0.09%

DCB Bank

Hold: DCB Bank Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research DCB Bank's Q3FY18 performance remained steady with healthy traction in business growth and profitability Led by healthy credit growth, NIM expansion of 17 bps and | 4.5 crore of income tax refund, NII growth remained healthy at 20% YoY to | 250 crore. Other income growth remained strong despite lower treasury gains, due to robust traction of 41% YoY in core fee income Bottomline growth was healthy at | 57 crore (up 11% YoY), below...

DCB Bank Ltd. is trading above its 200 day SMA of 127.0

DCB Bank Ltd.

18 Jan 2018

129.08

-0.09%

DCB Bank - 3QFY18 Result Update

Buy: DCB Bank Ltd.

Reliance Securities

The Bank focuses on increasing loan book in low-ticket Retail, SME & AIB segments and augmenting its footprint both on physical and digital front. Despite near-term impact of this aggressive expansion strategy on return ratios, it is beneficial in the long-term, in our view. Further, the Management focuses on increasing efficiency of existing network to improve cost to income ratio in the long-term, which will lead to sustained earnings growth. We expect further improvement in Bank's performance due to GST roll-out, as creditworthiness of its core client group from SME/MSME segment will improve substantially. Introducing our estimates for FY20E, we expect earnings growth to gain momentum leading to improvement in RoA and RoE...

DCB Bank Ltd. is trading above its 200 day SMA of 127.0

Is DCB Bank Ltd. worth buying?

338 Votes:

Buy 81.66%

Sell 11.24%

Hold 7.1%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf