By Helgi Library - November 3, 2019
Dhanlaxmi Bank made a net profit of INR 0.198 bil under revenues of INR 1.06 bil in the second quarter of 2019, up 144% and 9...
By Helgi Library - November 3, 2019
Dhanlaxmi Bank made a net profit of INR 0.198 bil under revenues of INR 1.06 bil in the second quarter of 2019, up 144% and 9...
By Helgi Library - November 3, 2019
Dhanlaxmi Bank stock traded at INR 16.0 per share at the end of second quarter of 2019 implying a market capitalization of USD 58.7 ...
| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | INR bil | 3.32 | 3.46 | 3.47 |
| Net Fee Income | INR bil | 0.054 | 0.051 | 0.053 |
| Other Income | INR bil | 1.06 | 0.975 | 0.478 |
| Total Revenues | INR bil | 4.43 | 4.48 | 4.00 |
| Operating Profit | INR bil | 0.940 | 1.46 | 0.952 |
| Provisions | INR bil | 0.817 | 1.71 | 0.833 |
| Net Profit | INR bil | 0.124 | -0.249 | 0.117 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | INR bil | 2.33 | 2.69 | 0.658 |
| Customer Loans | INR bil | 64.5 | 61.1 | 62.9 |
| Total Assets | INR bil | 123 | 123 | 118 |
| Shareholders' Equity | INR bil | 6.54 | 7.49 | 7.61 |
| Interbank Borrowing | INR bil | 0.492 | 0.338 | 0.302 |
| Customer Deposits | INR bil | 113 | 109 | 106 |
| Issued Debt Securities | INR bil | 1.45 | 3.92 | 2.00 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 2.13 | -3.54 | 1.54 |
| ROA | % | 0.100 | -0.202 | 0.097 |
| Costs (As % Of Assets) | % | 2.81 | 2.45 | 2.53 |
| Costs (As % Of Income) | % | 78.8 | 67.4 | 76.2 |
| Capital Adequacy Ratio | % | 10.3 | 13.9 | 13.8 |
| Net Interest Margin | % | 2.67 | 2.81 | 2.88 |
| Loans (As % Of Deposits) | % | 57.1 | 56.0 | 59.3 |
| NPLs (As % Of Loans) | % | 4.79 | 7.35 | 7.48 |
| Provisions (As % Of NPLs) | % | 47.1 | 58.4 | 69.3 |
| Valuation | 2016 | 2017 | 2018 | |
| Price/Earnings (P/E) | 50.4 | ... | 37.5 | |
| Price/Book Value (P/BV) | 0.954 | 0.722 | 0.575 | |
| Dividend Yield | % | 0 | 0 | 0 |
| Earnings Per Share (EPS) | INR | 0.590 | -0.983 | 0.461 |
| Book Value Per Share | INR | 31.2 | 29.6 | 30.1 |
| Dividend Per Share | INR | 0 | 0 | 0 |
Get all company financials in excel:
| summary | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||||||||||||||
| Net Interest Income | INR bil | 2.76 | 2.80 | 2.99 | 3.05 | 3.32 | ||||||||||||||
| Total Revenues | INR bil | 3.90 | 3.53 | 3.84 | 3.81 | 4.43 | ||||||||||||||
| Operating Profit | INR bil | 0.468 | -1.08 | 0.491 | 0.004 | 0.940 | ||||||||||||||
| Net Profit | INR bil | 0.026 | -2.52 | -2.41 | -2.09 | 0.124 | ||||||||||||||
| balance sheet | ||||||||||||||||||||
| Interbank Loans | INR bil | 4.27 | 10.5 | 6.21 | 2.54 | 2.33 | ||||||||||||||
| Customer Loans | INR bil | 77.8 | 79.4 | 76.7 | 69.5 | 64.5 | ||||||||||||||
| Debt Securities | INR bil | 45.1 | 44.8 | 48.5 | 37.9 | 41.9 | ||||||||||||||
| Total Assets | INR bil | 138 | 147 | 144 | 125 | 123 | ||||||||||||||
| Shareholders' Equity | INR bil | 7.66 | 7.36 | 7.24 | 5.08 | 6.54 | ||||||||||||||
| Interbank Borrowing | INR bil | 0.459 | 1.78 | 0.605 | 0.399 | 0.492 | ||||||||||||||
| Customer Deposits | INR bil | 112 | 121 | 124 | 114 | 113 | ||||||||||||||
| Issued Debt Securities | INR bil | 15.9 | 13.4 | 9.41 | 2.52 | 1.45 | ||||||||||||||
| ratios | ||||||||||||||||||||
| ROE | % | 0.351 | -33.5 | -33.1 | -34.0 | 2.13 | ||||||||||||||
| ROA | % | 0.018 | -1.77 | -1.66 | -1.56 | 0.100 | ||||||||||||||
| Costs (As % Of Assets) | % | 2.41 | 3.24 | 2.30 | 2.84 | 2.81 | ||||||||||||||
| Costs (As % Of Income) | % | 88.0 | 131 | 87.2 | 99.9 | 78.8 | ||||||||||||||
| Capital Adequacy Ratio | % | 11.1 | 8.67 | 9.59 | 7.51 | 10.3 | ||||||||||||||
| Net Interest Margin | % | 1.94 | 1.96 | 2.06 | 2.27 | 2.67 | ||||||||||||||
| Interest Income (As % Of Revenues) | % | 70.8 | 79.3 | 77.9 | 79.9 | 74.9 | ||||||||||||||
| Fee Income (As % Of Revenues) | % | 2.27 | 1.88 | 1.56 | 1.56 | 1.23 | ||||||||||||||
| Equity (As % Of Assets) | % | 5.54 | 5.01 | 5.04 | 4.08 | 5.31 | ||||||||||||||
| Loans (As % Of Deposits) | % | 69.4 | 65.4 | 61.9 | 61.2 | 57.1 | ||||||||||||||
| Loans (As % Assets) | % | 56.2 | 54.0 | 53.4 | 55.8 | 52.3 | ||||||||||||||
| NPLs (As % Of Loans) | % | 4.82 | 5.98 | 7.01 | 6.37 | 4.79 | ||||||||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | 31.3 | 37.4 | 53.0 | 55.7 | 47.1 | |||||||
| valuation | ||||||||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | 71.1 | 73.5 | 87.0 | 52.4 | 91.9 | ||||||||||||||
| Number Of Shares (Average) | mil | 85.1 | 126 | 177 | 177 | 210 | ||||||||||||||
| Share Price (End Of Period) | INR | 45.8 | 36.1 | 30.9 | 19.6 | 29.8 | ||||||||||||||
| Earnings Per Share (EPS) | INR | 0.308 | -20.0 | -13.6 | -11.8 | 0.590 | ||||||||||||||
| Book Value Per Share | INR | 90.0 | 58.5 | 40.8 | 28.6 | 31.2 | ||||||||||||||
| Dividend Per Share | INR | 0 | 0 | 0 | 0 | 0 | ||||||||||||||
| Price/Earnings (P/E) | ... | ... | 149 | ... | ... | ... | 50.4 | ... | ||||||||||||
| Price/Book Value (P/BV) | 0.508 | 0.617 | 0.757 | 0.685 | 0.954 | |||||||||||||||
| Dividend Yield | % | 0 | 0 | 0 | 0 | 0 | ||||||||||||||
| Earnings Per Share Growth | % | ... | -102 | -6,594 | -32.0 | -13.3 | -105 | |||||||||||||
| Book Value Per Share Growth | % | ... | 5.18 | -35.0 | -30.2 | -29.8 | 8.95 |
| income statement | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||||||||||||||
| Interest Income | INR bil | 13.1 | 12.9 | 12.8 | 12.0 | 10.9 | ||||||||||||||
| Interest Cost | INR bil | 10.3 | 10.1 | 9.85 | 9.00 | 7.57 | ||||||||||||||
| Net Interest Income | INR bil | 2.76 | 2.80 | 2.99 | 3.05 | 3.32 | ||||||||||||||
| Net Fee Income | INR bil | 0.088 | 0.067 | 0.060 | 0.059 | 0.054 | ||||||||||||||
| Other Income | INR bil | 1.05 | 0.667 | 0.787 | 0.707 | 1.06 | ||||||||||||||
| Total Revenues | INR bil | 3.90 | 3.53 | 3.84 | 3.81 | 4.43 | ||||||||||||||
| Operating Cost | INR bil | 3.44 | 4.62 | 3.34 | 3.81 | 3.49 | ||||||||||||||
| Operating Profit | INR bil | 0.468 | -1.08 | 0.491 | 0.004 | 0.940 | ||||||||||||||
| Provisions | INR bil | 0.705 | 1.44 | 2.91 | 2.10 | 0.817 | ||||||||||||||
| Extra and Other Cost | INR bil | -0.004 | -0.001 | -0.003 | < -0.001 | < -0.001 | ||||||||||||||
| Pre-Tax Profit | INR bil | -0.233 | -2.52 | -2.41 | -2.09 | 0.124 | ||||||||||||||
| Tax | INR bil | -0.259 | < 0.001 | < 0.001 | 0 | 0 | ||||||||||||||
| Minorities | INR bil | 0 | 0 | 0 | 0 | 0 | ||||||||||||||
| Net Profit | INR bil | 0.026 | -2.52 | -2.41 | -2.09 | 0.124 | ||||||||||||||
| Dividends | INR bil | 0 | 0 | 0 | 0 | 0 | ||||||||||||||
| growth rates | ||||||||||||||||||||
| Net Interest Income Growth | % | ... | 11.7 | 1.34 | 6.68 | 1.95 | 8.84 | |||||||||||||
| Net Fee Income Growth | % | ... | 4.04 | -24.7 | -10.2 | -0.569 | -8.68 | |||||||||||||
| Total Revenue Growth | % | ... | 0.053 | -9.45 | 8.51 | -0.563 | 16.1 | |||||||||||||
| Operating Cost Growth | % | ... | -30.8 | 34.4 | -27.6 | 13.9 | -8.49 | |||||||||||||
| Operating Profit Growth | % | ... | -144 | -331 | -145 | -99.1 | 20,956 | |||||||||||||
| Pre-Tax Profit Growth | % | ... | -79.7 | 983 | -4.12 | -13.3 | -106 | |||||||||||||
| Net Profit Growth | % | ... | -102 | -9,706 | -4.15 | -13.3 | -106 | |||||||||||||
| market share | ||||||||||||||||||||
| Market Share in Revenues | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.165 | 0.131 | 0.126 | 0.113 | 0.110 | ... | ||
| Market Share in Net Profit | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.004 | ... | ... | ... | ... | ... | ... |
| balance sheet | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | ||||||||||||||||||||
| Cash | INR bil | 5.10 | 6.30 | 6.69 | 5.79 | 5.75 | ||||||||||||||
| Interbank Loans | INR bil | 4.27 | 10.5 | 6.21 | 2.54 | 2.33 | ||||||||||||||
| Customer Loans | INR bil | 77.8 | 79.4 | 76.7 | 69.5 | 64.5 | ||||||||||||||
| Debt Securities | INR bil | 45.1 | 44.8 | 48.5 | 37.9 | 41.9 | ||||||||||||||
| Fixed Assets | INR bil | 1.36 | 2.12 | 2.03 | 1.79 | 2.14 | ||||||||||||||
| Total Assets | INR bil | 138 | 147 | 144 | 125 | 123 | ||||||||||||||
| Shareholders' Equity | INR bil | 7.66 | 7.36 | 7.24 | 5.08 | 6.54 | ||||||||||||||
| Of Which Minority Interest | INR bil | 0 | 0 | 0 | 0 | 0 | ||||||||||||||
| Liabilities | INR bil | 131 | 140 | 136 | 120 | 117 | ||||||||||||||
| Interbank Borrowing | INR bil | 0.459 | 1.78 | 0.605 | 0.399 | 0.492 | ||||||||||||||
| Customer Deposits | INR bil | 112 | 121 | 124 | 114 | 113 | ||||||||||||||
| Sight Deposits | INR bil | 9.47 | 9.04 | 10.1 | 7.44 | 7.58 | ||||||||||||||
| Term Deposits | INR bil | 103 | 112 | 114 | 106 | 105 | ||||||||||||||
| Issued Debt Securities | INR bil | 15.9 | 13.4 | 9.41 | 2.52 | 1.45 | ||||||||||||||
| Other Liabilities | INR bil | 2.24 | 3.04 | 2.44 | 3.09 | 1.91 | ||||||||||||||
| asset quality | ||||||||||||||||||||
| Non-Performing Loans | INR bil | 3.80 | 4.86 | 5.58 | 4.59 | 3.16 | ||||||||||||||
| Gross Loans | INR bil | 79.0 | 81.2 | 79.7 | 72.1 | 66.0 | ||||||||||||||
| Total Provisions | INR bil | ... | ... | ... | ... | ... | ... | ... | 1.19 | 1.82 | 2.96 | 2.56 | 1.49 | |||||||
| growth rates | ||||||||||||||||||||
| Customer Loan Growth | % | ... | -11.2 | 2.04 | -3.35 | -9.35 | -7.28 | |||||||||||||
| Total Asset Growth | % | ... | -5.77 | 6.20 | -2.29 | -13.2 | -1.04 | |||||||||||||
| Shareholders' Equity Growth | % | ... | 5.18 | -3.87 | -1.69 | -29.8 | 28.8 | |||||||||||||
| Customer Deposit Growth | % | ... | -5.10 | 8.31 | 2.05 | -8.30 | -0.529 | |||||||||||||
| market share | ||||||||||||||||||||
| Market Share in Customer Loans | % | ... | ... | ... | ... | 0.141 | 0.123 | 0.108 | 0.087 | 0.078 | ... | |||||||||
| Market Share in Total Assets | % | 0.159 | 0.145 | 0.129 | 0.099 | 0.087 | ... | |||||||||||||
| Market Share in Customer Deposits | % | 0.178 | 0.169 | 0.152 | 0.124 | 0.106 | ... |
| ratios | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| ratios | ||||||||||||||||||||
| ROE | % | 0.351 | -33.5 | -33.1 | -34.0 | 2.13 | ||||||||||||||
| ROA | % | 0.018 | -1.77 | -1.66 | -1.56 | 0.100 | ||||||||||||||
| Costs (As % Of Assets) | % | 2.41 | 3.24 | 2.30 | 2.84 | 2.81 | ||||||||||||||
| Costs (As % Of Income) | % | 88.0 | 131 | 87.2 | 99.9 | 78.8 | ||||||||||||||
| Capital Adequacy Ratio | % | 11.1 | 8.67 | 9.59 | 7.51 | 10.3 | ||||||||||||||
| Tier 1 Ratio | % | 8.05 | 6.93 | 7.42 | 6.12 | 9.01 | ||||||||||||||
| Net Interest Margin | % | 1.94 | 1.96 | 2.06 | 2.27 | 2.67 | ||||||||||||||
| Interest Spread | % | ... | 1.54 | 1.57 | 1.70 | 1.95 | 2.37 | |||||||||||||
| Asset Yield | % | 9.18 | 9.06 | 8.84 | 8.98 | 8.78 | ||||||||||||||
| Cost Of Liabilities | % | ... | 7.64 | 7.49 | 7.14 | 7.03 | 6.41 | |||||||||||||
| Payout Ratio | % | 0 | 0 | 0 | 0 | 0 | ||||||||||||||
| Interest Income (As % Of Revenues) | % | 70.8 | 79.3 | 77.9 | 79.9 | 74.9 | ||||||||||||||
| Fee Income (As % Of Revenues) | % | 2.27 | 1.88 | 1.56 | 1.56 | 1.23 | ||||||||||||||
| Other Income (As % Of Revenues) | % | 26.9 | 18.9 | 20.5 | 18.5 | 23.8 | ||||||||||||||
| Equity (As % Of Assets) | % | 5.54 | 5.01 | 5.04 | 4.08 | 5.31 | ||||||||||||||
| Loans (As % Of Deposits) | % | 69.4 | 65.4 | 61.9 | 61.2 | 57.1 | ||||||||||||||
| Loans (As % Assets) | % | 56.2 | 54.0 | 53.4 | 55.8 | 52.3 | ||||||||||||||
| NPLs (As % Of Loans) | % | 4.82 | 5.98 | 7.01 | 6.37 | 4.79 | ||||||||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | 31.3 | 37.4 | 53.0 | 55.7 | 47.1 | |||||||
| Provisions (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | 1.53 | 2.29 | 3.85 | 3.68 | 2.31 | |||||||
| Cost of Provisions (As % Of Loans) | % | 0.852 | 1.83 | 3.73 | 2.87 | 1.22 |
| other data | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| other data | ||||||||||||||||||||
| Employees | ... | 2,601 | 2,430 | 2,279 | 2,185 | 2,021 | ||||||||||||||
| Sight (As % Of Customer Deposits) | % | 8.46 | 7.45 | 8.19 | 6.55 | 6.71 |
Get all company financials in excel:
By Helgi Library - November 3, 2019
Dhanlaxmi Bank stock traded at INR 16.0 per share at the end of second quarter of 2019 implying a market capitalization of USD 58.7 mil. Over the last five years, the stock has depreciated by 71.4 implying an annual average growth of -22.1% In absolute te...
By Helgi Library - November 3, 2019
Dhanlaxmi Bank's non-performing loans reached 7.48% of total loans at the end of 2019-03-31, up from 7.35% compared to the previous year. Historically, the NPL ratio hit an all time high of 7.48% in 2019-03-31 and an all time low of 0.737% in 2011-03-31. Pr...
By Helgi Library - November 3, 2019
Dhanlaxmi Bank's non-performing loans reached 7.48% of total loans at the end of 2019-03-31, up from 7.35% compared to the previous year. Historically, the NPL ratio hit an all time high of 7.48% in 2019-03-31 and an all time low of 0.737% in 2011-03-31. Pr...
By Helgi Library - November 3, 2019
Dhanlaxmi Bank's net interest margin amounted to 2.94% in the first quarter of 2019, down from 3.06% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 3.06% in 4Q2018 and an all time low of 1...
By Helgi Library - November 3, 2019
Dhanlaxmi Bank's customer deposits reached INR 112 bil in 2016-09-30, down 0.647% compared to the previous year. Indian banking sector accepted customer deposits of INR 99,408 bil in 2016-09-30, up 4.01% when compared to the last year. Dhanlaxmi Bank acco...
By Helgi Library - November 3, 2019
Dhanlaxmi Bank's customer deposits reached INR 112 bil in 2016-09-30, down 0.647% compared to the previous year. Indian banking sector accepted customer deposits of INR 99,408 bil in 2016-09-30, up 4.01% when compared to the last year. Dhanlaxmi Bank acco...
By Helgi Library - November 3, 2019
Dhanlaxmi Bank's net interest margin amounted to 2.94% in the first quarter of 2019, down from 3.06% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 3.06% in 4Q2018 and an all time low of 1...
By Helgi Library - November 3, 2019
Dhanlaxmi Bank's capital adequacy ratio reached 13.8% at the end of first quarter of 2019, up from when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 14.6% in 3Q2010 and an all time low of 7.51% in 1Q2016. T...
By Helgi Library - November 3, 2019
Dhanlaxmi Bank's capital adequacy ratio reached 13.8% at the end of first quarter of 2019, up from when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 14.6% in 3Q2010 and an all time low of 7.51% in 1Q2016. T...
By Helgi Library - November 3, 2019
Dhanlaxmi Bank stock traded at INR 16.8 per share at the end first quarter of 2019 implying a market capitalization of USD 63.3 mil. Since the end of 1Q2014, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the value of the ...
Dhanlaxmi Bank has been growing its revenues and asset by 7.13% and 7.66% a year on average in the last 10 years. Its loans and deposits have grown by 7.00% and 7.87% a year during that time and loans to deposits ratio reached 59.3% at the end of 2018. The company achieved an average return on equity of -10.5% in the last decade with net profit growing -14.7% a year on average. In terms of operating efficiency, its cost to income ratio reached 76.2% in 2018, compared to 92.5% average in the last decade.
Equity represented 6.45% of total assets or 12.1% of loans at the end of 2018. Dhanlaxmi Bank's non-performing loans were 7.48% of total loans while provisions covered some 69.3% of NPLs at the end of 2018.
Dhanlaxmi Bank stock traded at INR 17.3 per share at the end of 2018 resulting in a market capitalization of USD 62.7 mil. Over the previous five years, stock price fell by 52% or 13.7% a year on average. That’s compared to an average ROE of -13.4% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 37.5x and price to book value (PBV) of 0.575x in 2018.
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