DCB Bank Share Price Target Forecast 2022, 2023, 2025, 2030

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07 January, 2022

Centrum Broking recommends buying DCB Bank with a target price of Rs 140.

DCB Bank got a buy call from Centrum Broking with a target price of Rs 140. DCB Bank Ltd. is now trading at Rs 83.2. When the price of DCB Bank Ltd. reaches the set objective, the analyst estimates it will take one year.

DCB Bank Ltd. is a financial firm that was founded in 1995. (having a market cap of Rs 2593.78 Crore).

For the year ending 31-Mar-2021, DCB Bank Ltd.’s primary products/revenue segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds, and Interest.

Financials

The firm reported a Standalone Total Income of Rs 967.01 Crore for the quarter ended September 30, 2021, up.14 percent from the previous quarter’s Total Income of Rs 965.67 Crore but down -.41 percent from the same quarter last year’s Total Income of Rs 970.98 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 64.94 crore.

FII Holdings/Promoter

As of September 30, 2021, promoters owned 14.87 percent of the firm, FIIs 10.86 percent, and DIIs 38.33 percent.

economictimes.com is the source for this information.


November 02, 2021

Axis Securities recommends buying DCB Bank with a target price of Rs 120.

DCB Bank got a buy call from Axis Securities with a target price of Rs 120. DCB Bank Ltd. is now trading at Rs 96.7. When the price of DCB Bank Ltd. reaches the set objective, the analyst estimates it will take one year.

DCB Bank Ltd. is a financial firm that was founded in 1995. (having a market cap of Rs 2989.84 Crore).

For the year ending 31-Mar-2021, DCB Bank Ltd.’s primary products/revenue segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds, and Interest.

Financials

The firm reported a Standalone Total Income of Rs 967.01 Crore for the quarter ended September 30, 2021, up.14 percent from the previous quarter’s Total Income of Rs 965.67 Crore but down -.41 percent from the same quarter last year’s Total Income of Rs 970.98 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 64.94 crore.

Reasons for Investing

Improved operating performance and decreased stress levels, according to the brokerage, are crucial drivers for a stock re-rating. It keeps its BUY rating and a revised target price of Rs 120/share (0.8x FY24E ABV), representing a 32 percent gain from the current market price.

FII Holdings/Promoter

As of September 30, 2021, promoters owned 14.87 percent of the firm, FIIs 10.86 percent, and DIIs 38.33 percent.

economictimes.com is the source for this information.


30 October, 2021

DCB Bank’s net profit for the second quarter fell by 21% to Rs 65 crore.

DCB Bank, a private sector bank, reported a 21% drop in net profit to Rs 64.94 crore in the fiscal quarter ending September 2021 on Saturday.
In the same quarter of the previous fiscal year, the bank had a net profit of Rs 82.29 crore.

Total income for the July-September quarter of 2021-22 was Rs 967 crore, up marginally from Rs 959.33 crore in the same period of 2020-21, according to a regulatory filing by DCB Bank.

However, the bank’s interest income fell to Rs 869.27 crore in the reporting quarter, compared to Rs 878.45 crore in the previous quarter.

The bank’s asset quality suffered a setback, as gross non-performing assets (NPAs) increased to 4.68 percent of gross loans at the end of September 2021, up from 2.27 percent the previous year. By the end of June 2021, it had dropped from 4.87 percent.

Similarly, net NPAs (or bad loans) increased from 0.83 percent to 2.63 percent.

Gross nonperforming assets (NPAs) totaled Rs 1,284.93 crore, up from Rs 573.70 crore, while net NPAs totaled Rs 706.95 crore, up from Rs 205.77 crore.

The bank has not classified any account that was not NPA as of August 31, 2020, as NPA for the period ended September 30, 2020, according to the Supreme Court’s September 2020 interim order, which directed banks that accounts that were not declared NPA until August 31, 2020 shall not be declared as NPA until further orders.

“However, if the bank had categorised borrower accounts as NPA after August 31, 2020, the bank’s proforma gross NPA ratio and proforma net NPA ratio for the period ended September 30, 2020 would have been 2.39 percent and 0.92 percent, respectively.” Provisions for bad loans and contingencies, on the other hand, fell to Rs 86.33 crore from Rs 101.45 crore in the previous quarter.
During the quarter ended September 30, 2021, the bank put aside Rs 78.46 crore as a contingency provision for the potential impact of Covid-19 on standard restructured and stressed assets.

“In addition to the contingency provision indicated, as of September 30, 2021, the bank additionally has floating provision of Rs 115.07 crore, as well as provisions for standard assets and special non-performing assets,” DCB Bank said.

financialexpress.com is the source for this information.


08 August 2021

DCB Bank’s first-quarter earnings show a 57 percent drop in net profit to Rs 34 crore.

DCB Bank recorded a net profit of Rs 33.76 crore for the June quarter 2021-22, a drop of approximately 57%. In the previous financial year, the bank had a net profit of Rs 79.38 crore. The profit was also lower than the previous March quarter’s Rs 77.91 crore.

DCB Bank stated in a regulatory filing that total income increased to Rs 965.67 crore in April-June 2021-22 from Rs 950.70 crore the previous year.

While the bank’s treasury revenue increased in the quarter, corporate and retail banking income decreased compared to the previous year.

The bank’s expenditure increased during the quarter, to Rs 764.48 crore from Rs 759.56 crore.

The bank’s bad loans increased, with gross non-performing assets (NPAs) increasing from 2.44 percent in June 2020 to 4.87 percent as of June 30, 2021. It was also up sequentially from 4.09 percent at the end of March 2021.

Net NPAs increased to 2.82 percent by the end of March 2021, up from 0.99 percent at the end of June 2020.

Provisions for bad loans and contingencies increased considerably in the quarter, rising to Rs 155.54 crore from Rs 83.69 crore the previous quarter.

economictimes.com is the source for this information.


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