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27 Sep 2025 |
DCB Bank
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Consensus Share Price Target
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123.83 |
169.44 |
- |
36.83 |
buy
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14 Oct 2015
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DCB Bank
|
Chola Wealth Direct
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123.83
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85.00
|
106.80
(15.95%)
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Target met |
Sell
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Background: DCB Bank Limited (formerly Development Credit Bank Limited) is the smallest listed private sector lender with a total asset base of INR 169bn as of 2QFY16 DCB has a deposit base of INR 135bn and advances of INR 111bn at the end 2QFY16, 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 ~16.3% stake. DCB services entails, corporate banking - 20%, SME -12%, Agriculture 15%,...
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16 Jul 2015
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DCB Bank
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Karvy
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123.83
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142.00
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134.55
(-7.97%)
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Hold
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DCB Bank's Q1FY16 results were in- line with estimates as the earnings grew by 5% YoY (-26% QoQ) to Rs 469 mn mainly led by higher non-interest income which was set- off by higher than expected provision expenses. NII growth remained flat YoY (adj NII growth at 29% YoY) (8% QoQ) to Rs 1.4 bn. Advances grew by 25.7% YoY (flat QoQ) whereas NIMs improved marginally to 3.81%. Asset quality surprised negatively as GNPA and NNPA increased to 1.96% and 1.22% vs 1.76% and 1.01% in the previous quarter. We reduce our advances growth target as well as NIM estimate going ahead. We expect some near term challenges in the bank and rate the stock as Hold based on the recent price movement with a price target of Rs142 (2.1x FY17E ABV).
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16 Jul 2015
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DCB Bank
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Phillip Capital
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123.83
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130.00
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134.55
(-7.97%)
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Neutral
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DCB Bank's Q1FY16 NII was up 29% yoy to Rs 1.4bn (adjusting for onetime Rs 304mn interestonincometaxrefundinQ1FY15).Thenoninterestincomealsoincludesonetime treasury gain of Rs 220mn. Adjusting for oneoffs, the preprovision profit saw strong...
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16 Jul 2015
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DCB Bank
|
Chola Wealth Direct
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123.83
|
153.00
|
134.40
(-7.86%)
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Target met |
Buy
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Background: DCB Bank Limited (formerly Development Credit Bank Limited) is the smallest listed private sector lender with a total asset base of INR 161.3bn as of 1QFY16 DCB has a deposit base of INR 132bn and advances of INR 104.2bn at the end 1QFY16, 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 ~16.3% stake. DCB services entails, corporate banking - 21%, SME -12%, Agriculture ...
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30 Jun 2015
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DCB Bank
|
Chola Wealth Direct
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123.83
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147.00
|
130.20
(-4.89%)
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Target met |
Buy
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Background: DCB Bank Limited (formerly Development Credit Bank Limited) is the smallest listed private sector lender with a total asset base of INR 161.3bn as of FY15. DCB has a deposit base of INR 126bn and advances of INR 104.6bn at the end FY15, 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 ~16.3% stake. DCB services entails, corporate banking - 23%, SME -13%, Agriculture 15%, Mortgages 43%....
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17 Apr 2015
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DCB Bank
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Phillip Capital
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123.83
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130.00
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118.55
(4.45%)
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Neutral
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DCB Revenue growth was inline with our expectation. However, owing to higher operating expensesoperatingperformancewasbelowourexpectation.ThebankreportedPATgrowthof 61% YoY to Rs629mn compared to our estimate of Rs443 mn due to reversal of Income tax...
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17 Apr 2015
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DCB Bank
|
Chola Wealth Direct
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123.83
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142.00
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118.55
(4.45%)
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Target met |
Buy
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Background: DCB Bank Limited (formerly Development Credit Bank Limited) is the smallest listed private sector lender with a total asset base of INR 161.3 as of 4QFY15. DCB has a deposit base of INR 126bn and advances of INR 104.6bn at the end 4QFY15, 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 ~16.3% stake. DCB services entails, corporate banking - 23%, SME -13%, Agriculture ...
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16 Apr 2015
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DCB Bank
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Karvy
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123.83
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142.00
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120.10
(3.11%)
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Target met |
Buy
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DCB Bank's Q4FY15 results were ahead of estimates as the earnings grew by 61% YoY (48% QoQ) to Rs 630 mn mainly led by reversal of tax expenses during the quarter of Rs 93 mn. NII has reported a strong growth of 30% YoY (6.4% QoQ) to Rs 1.3 bn.
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15 Apr 2015
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DCB Bank
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HDFC Securities
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123.83
|
120.00
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119.65
(3.49%)
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Target met |
Buy
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DCB Bank (DCBB) delivered yet another strong performance. NII/PPOP grew 30/36% led by strong loan growth and NIM improvement. Despite continuous investments in infrastructure & staff (opex 29%), core C-I ratio continued to improve (down ~75bps QoQ). Net earnings ( 61%) were ahead of estimates led by a tax write back of Rs 93mn. Headline NPLs were stable due to sale to ARC, despite one corp. a/c of Rs 650mn slipping into NPA.
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16 Jan 2015
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DCB Bank
|
Chola Wealth Direct
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123.83
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142.00
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118.80
(4.23%)
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Target met |
Buy
|
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Background: DCB Bank Limited (formerly Development Credit Bank Limited) is the smallest listed private sector lender with a total asset base of INR 148.0 as of 3QFY15. DCB has a deposit base of INR 118bn and advances of INR 95bn at the end 3QFY15, 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 ~19% stake. DCB services entails, corporate banking - 24%, SME -15%, Agriculture ...
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