Dhanlaxmi Bank Ltd share price target 2024, 2025, 2030, 2040 and 2050

In this article, we delve into a comprehensive analysis of Dhanlaxmi Bank share price targets for the years 2024, 2025, 2026, 2027, 2028, 2029, and 2030. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.

Q3 Result – 02 Feb 2024

December 2023 quarter, Dhanlaxmi Bank, a private sector bank, reported a significant 86% decline in net profit, amounting to ₹3 crore compared to ₹21.7 crore in the same period of 2022. This notable decrease in profitability was primarily attributed to a reduction in net interest income.

About

Established in 1927 in Thrissur, Kerala, Dhanlaxmi Bank Ltd is a publicly held banking institution offering an extensive array of banking and financial services. Its offerings span across retail banking, corporate banking, and treasury operations, with a predominant focus on the Southern states.

Founded	1927
NSE Symbol	DHANBANK
Chairman & MD	Shri. Shivan J.K
Sector	Banking
Headquarters	Thrissur, Kerala
Official website	dhanbank.com

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Financial Details

As of February 02, 2024, the company’s financial metrics reveal insights into its performance and potential.

With a market capitalization of ₹1,297 Cr, the company’s valuation in the stock market reflects a significant presence.

The stock’s Price-to-Earnings (P/E) ratio stands at 14.0, indicating the valuation of the stock relative to its earnings.In terms of profitability.

The company’s Return on Capital Employed (ROCE) is reported at 4.56%, while the Return on Equity (ROE) stands at 5.22%. These figures suggest that the company may have room for improvement in capital efficiency and generating returns for its shareholders.

The company’s debt-to-equity ratio is relatively high at 14.4, with total debt amounting to ₹13,844 Cr. This indicates a substantial level of leverage, which may pose financial risk and impact the company’s ability to invest in growth initiatives or weather economic downturns.

In terms of investor interest, Foreign Institutional Investors (FII) hold a significant stake at 11.9%, while Domestic Institutional Investors (DII) have a minimal holding of 0.07%. This distribution of ownership suggests varying levels of confidence and interest among institutional investors.

On the earnings front, the company reports an Earnings per Share (EPS) of ₹3.66, indicating its profitability on a per-share basis. Additionally, the company has experienced a moderate sales growth of 13.8%, highlighting its ability to expand its revenue base.

Overall, while the company demonstrates strengths in market presence and sales growth, there are areas such as capital efficiency, debt management, and investor confidence that may require attention to unlock its full potential and drive sustained growth in the future.

Market Cap	₹ 1,297 Cr	Stock P/E	14.0
ROCE	4.56 %	ROE	5.22 %
Debt to equity	14.4	Debt	₹ 13,844 Cr
FII Holding	11.9 %	DII Holding	0.07 %
EPS	₹ 3.66	Sales growth	13.8 %

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Financial Statement

Total Net Sales and Other Income have exhibited a consistent upward trend, with figures reaching ₹1,324 Crores in the trailing twelve months (TTM), ₹1,146 Crores in 2023, ₹1,086 Crores in 2022, and ₹1,053 Crores in 2021.

However, Expenses and Interest have also followed a similar pattern of increase, with expenses totaling ₹1,243 Crores in the TTM period, ₹1,075 Crores in 2023, ₹1,030 Crores in 2022, and ₹1,000 Crores in 2021.

Despite these growing expenses, the company has managed to maintain profitability, with Profit After Tax amounting to ₹93 Crores in the TTM period, ₹49 Crores in 2023, ₹36 Crores in 2022, and ₹37 Crores in 2021.

While the consistent growth in revenue is a positive indicator of the company’s performance and market demand, the simultaneous increase in expenses underscores the importance of prudent cost management strategies. It will be imperative for the company to continue monitoring its expenses closely and implementing measures to improve operational efficiency to sustain profitability in the face of rising costs.

Particulars	TTM*	2023	2022	2021
Net Sales + Other Income	1,324	1,146	1,086	1,053
Expenses + Interest	1,243	1,075	1,030	1,000
Profit After Tax	93	49	36	37

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Table of Dhanlaxmi Bank Share Price Target

Following the Q3 results, the share price experienced a decline of 4.9%, dropping to ₹51.4 from the previous day’s closing price of ₹53.8. We intend to conduct an analysis to determine the share price target post-Q3 results.

Quarterly results might impact the stock negatively. It might go futer down and consolidate before it starts to make its move again.

Year	Min Target	Max Target
2024	₹60	₹78
2025	₹81	₹106
2026	₹110	₹134
2027	₹143	₹166
2028	₹174	₹203
2029	₹212	₹236
2030	₹248	₹286

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Dhanlaxmi Bank Share Price Target 2024:

• Minimum Target: ₹60
• Maximum Target: ₹78

In the upcoming year, the company is anticipated to maintain a price range between ₹60 and ₹78

Dhanlaxmi Bank Share Price Target 2025:

• Minimum Target: ₹81
• Maximum Target: ₹106

Moving into 2025, the projected price range widens, reaching between ₹81 and ₹106

Dhanlaxmi Bank Share Price Target 2026:

• Minimum Target: ₹110
• Maximum Target: ₹134

Further into the future, specifically in 2026, the anticipated price range expands to ₹110 to ₹134

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Dhanlaxmi Bank Share Price Target 2027:

• Minimum Target: ₹143
• Maximum Target: ₹166

By 2027, the company’s share price is expected to aim for a range of ₹143 to ₹166

Dhanlaxmi Bank Share Price Target 2028:

• Minimum Target: ₹174
• Maximum Target: ₹203

Looking ahead to 2028, the minimum and maximum targets extend to ₹174 and ₹203, respectively.

Dhanlaxmi Bank Share Price Target 2029 :

• Minimum Target: ₹212
• Maximum Target: ₹236

In the long term, by 2029, the company is anticipated to potentially reach a price range between ₹212 and ₹236.

Dhanlaxmi Bank Share Price Target 2030:

• Minimum Target: ₹248
• Maximum Target: ₹286

Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹248 to ₹286.

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Disclaimer

Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.

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