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.

18 Jan 2018, 12:00AM

129.03

-0.67%

DCB Bank: Income beat offset by elevated opex; advances growth picks up

Neutral: DCB Bank Ltd.

Target

Motilal Oswal

DCB Bank (DCBB) reported PPoP growth of 12% YoY (1% above estimate), as 8% beat on total income was offset by 23% growth in opex. NII growth of 20% YoY was led by 17bp expansion in reported NIM, while other income grew 17% YoY (core fee income increased 41% YoY). However, total income growth trailed opex growth (+20% YoY adjusted for INR50m of bond issue-related expenses). Adjusted for the one-off expense, the CI ratio stood at 60.8% compared to 60.3% in 2Q and 57.2% in 1Q. Provisions at INR343m (+12% YoY) were 4% below estimate, while higher-than-expected taxes resulted in PAT of INR570m (+11% YoY, 5% miss). Strong growth in corporate (+35%), MSME (+39%) and AIB (+28%) books led to 7%/28% QoQ/YoY growth in loan book to INR186b. Other smaller categories such as CV/CE (+59%), gold (+28%) and construction finance (+91%) also showed strong growth.

DCB Bank Ltd. is trading above its 200 day SMA of 127.1

DCB Bank Ltd.

18 Jan 2018, 12:00AM

129.03

-0.67%

DCB Bank

Buy: DCB Bank Ltd.

Centrum Broking

We upgrade DCB Bank (DCBB) to BUY (Hold earlier) with TP at Rs215. Q3'18 results were in-line with our estimates on both revenue / earnings front. Loan growth has gathered pace (7% QoQ / 28% YoY) - an outcome of a) improvement in core SME, retail segment and b) better branch productivity. Acceleration therein will aid in curtailing overall cost/income ratio lower. While Q3'18 slippages were a tad higher (2.2% of loans), we expect normalisation therein; trend in recovery / upgrade remains solid and is an added comfort. We expect return ratios - RoA / RoE to inch towards...

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

DCB Bank Ltd.

08 Dec 2017

129.03

-0.67%

Master-Pick DCB Bank Ltd

Buy: DCB Bank Ltd.

Religare

DCB Bank has strategically diversified its loan portfolio across retail, MSME, SME and corporates with increased focus on secured lending. DCB's asset quality has improved significantly from gross NPA levels of 9.7% in FY10 to 1.6% in FY17 which has aided profitability growth. It's net interest margin has also improved by 120bps over FY10-FY17 to 4% on the back of increased focus on retail and improvement in asset quality.

DCB Bank Ltd. is trading below its 100 day SMA of 134.7

DCB Bank Ltd.

23 Oct 2017

129.03

-0.67%

DCB Bank

Hold: DCB Bank Ltd.

Arihant Capital

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

DCB Bank Ltd.

18 Oct 2017, 12:00AM

129.03

-0.67%

DCB BANK 2QFY18 EARNINGS

Neutral: DCB Bank Ltd.

Target

Chola Wealth Direct

Sector: Banking /Mid-Cap | Earnings Update 2QFY18 Background: DCB Bank Limited (formerly Development Credit Bank Limited) has a deposit base of INR 206 bn and advances of INR173 bn at the end 2QFY18, 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 ~15.01% 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 Oct 2017, 12:00AM

129.03

-0.67%

DCB Bank - 2QFY18 Result Update

Buy: DCB Bank Ltd.

Reliance Securities

The Management focuses on increasing loan book in low-ticket retail, SME & AIB segments and augmenting its footprint both on physical and digital front. Though this aggressive strategy of expanding footprints will marginally impact its return ratios in the near-term, it would bring forth substantial positive benefits in the long-term. 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, in our view. We expect further improvement in Bank's performance due to rollout of GST, as creditworthiness of its core client group from SME/MSME segment will improve substantially. We reiterate our BUY recommendation on the stock with an...

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

DCB Bank Ltd.

18 Oct 2017, 12:00AM

129.03

-0.67%

DCB Bank - 2QFY18 Result Update

Buy: DCB Bank Ltd.

Reliance Securities

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

DCB Bank Ltd.

17 Oct 2017, 10:26PM

129.03

-0.67%

DCB Bank (2QFY18): Comfortable compounder. Maintain BUY

Buy: DCB Bank Ltd.

Target

HDFC Securities

Maintain BUY with a TP of Rs 214 (2.3x Sept-19 ABV of Rs 93). Maintain BUY with a TP of Rs 214 (2.3x Sept-19 ABV of Rs 93). DCBBs results seem erratic, as the one-off in 1Q (higher fees and treasury gains) blemished performance (albeit optically). The banks focus on core earnings is visible, as NII grew sequentially for the 13th straight quarter, driven by superior NIMs (~4.2%). Normalising for 1Q, non-interest income was stable sequentially (+6% YoY).

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

DCB Bank Ltd.

17 Oct 2017, 12:00AM

129.03

-0.67%

DCB Bank: Strong operating profit, lower provisions aid YoY PAT growth

Neutral: DCB Bank Ltd.

Target

Motilal Oswal

falling CI ratio (60.3%, +300bp QoQ) trend of past few quarters. Provisions at INR302m (+14% YoY, 4% miss) led to PAT growth of 21% YoY (7% miss). Loan book grew 7%/21% QoQ/YoY to INR173b, led by strong growth in AIB (+21% YoY), MSME (+31% YoY) and corporate book (+28% YoY), while other categories such as CV/CE (+51% YoY) and gold (+21% YoY) also showed strong growth. Corporate book inched up to 17% of loans. Absolute GNPA/NNPA grew to INR3.2b/INR1.6b (+11%/+5% QoQ), driven by 16%/10% sequential growth in mortgage/AIB GNPA (INR1.16b/INR561m)....

DCB Bank Ltd. is trading below its 100 day SMA of 134.7

DCB Bank Ltd.

17 Oct 2017, 12:00AM

129.03

-0.67%

DCB Bank

Hold: DCB Bank Ltd.

ICICI Securities Limited

DCB Bank's Q2FY18 performance was muted due to lower-thanexpected business growth and lower other income PAT came in at | 59 crore, lower than estimate of | 62.6 crore, led by subdued other income and higher opex Advance growth, though it continued to remain above system growth, came in a tad lower at 20.5% YoY to | 17395 crore, led by moderation in the mortgage book Led by margin expansion of 26 bps YoY and | 7 crore of income tax refund, NII growth remained healthy at 30.8% YoY. However, muted...

DCB Bank Ltd. is trading above its 200 day SMA of 127.1

Is DCB Bank Ltd. worth buying?

339 Votes:

Buy 81.42%

Sell 11.5%

Hold 7.08%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf