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Stock Analysis

Description

Dhanlaxmi Bank Ltd. is a private sector bank headquartered in Thrissur, Kerala, with a presence across India, providing a range of banking services.

Key Dates To Watch

January 21, 2026: Board meeting to approve Q3 FY2025-26 financial results.

Corporate Announcements

2nd Apr 26

Impact Rating: 7

Dhanlaxmi Bank's business update for FY26 reveals strong year-on-year growth. Provisional figures indicate total business increased by 19.68%, deposits by 16.42%, and gross advances by 23.96%.

25th Mar 26

Impact Rating: 5

Dhanlaxmi Bank is closing its trading window for directors and insiders from April 1, 2026. The window will reopen 48 hours after the declaration of financial results for the quarter/year ended March 31, 2026.

24th Mar 26

Impact Rating: 5

Dhanlaxmi Bank's Basel III Tier-II Bonds have received a reaffirmed credit rating of BBB- (Stable) from ICRA, following SEBI regulations on disclosure. This indicates ICRA's steady assessment of the bank's ability to meet its debt obligations.

21st Jan 26

Impact Rating: 7

Dhanlaxmi Bank posted a 20% YoY net profit increase to ₹23.88 Cr in Q3 FY26, driven by interest income. CAR improved sharply to 17.19%, but provisions and Net NPA increased.

12th Jan 26

Impact Rating: 5

Dhanlaxmi Bank will hold its Board meeting on January 21, 2026, to approve unaudited financial results for Q3 FY2025-26. The trading window closure, effective January 1, 2026, continues.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	HDFC Bank	925.45	19.68	1423765.70	1.19	20363.77	10.01	86993.84	4.81	7.51	346185.22	42.61	72360.07	19610.67	2.64	1.74	6.30
2.	ICICI Bank	1418.40	19.03	1014465.35	0.78	14318.15	3.16	48180.91	4.00	7.87	192684.91	28.30	53300.25	13357.06	3.04	2.18	5.58
3.	Kotak Mah. Bank	421.00	22.54	418705.25	0.12	4468.27	-11.42	17198.74	4.70	8.17	67852.12	27.80	18574.23	4468.27	2.49	2.68	3.62
4.	Axis Bank	1298.80	15.52	403317.43	0.08	5566.56	-25.31	32309.77	2.24	7.11	129272.60	59.67	25988.99	5527.85	2.03	1.78	7.28
5.	IDBI Bank	104.85	12.14	112738.94	2.00	3240.77	73.56	7109.01	-4.51	6.78	28937.85	70.49	9284.32	3229.58	1.65	1.97	4.81
6.	IndusInd Bank	944.50	–	73583.73	0.00	-436.88	-132.82	11608.63	-8.49	6.47	47307.12	46.88	-759.35	-436.88	1.13	0.48	6.70
7.	Yes Bank	22.95	25.39	72014.74	0.00	664.31	17.25	7388.75	-4.50	6.36	30449.57	59.65	2836.87	664.31	1.46	0.59	7.29
8.	Dhanlaxmi Bank	25.26	11.84	997.01	0.00	23.20	-10.11	383.61	16.66	5.47	1436.58	56.82	84.21	23.20	0.70	0.39	12.39
–	Median: 20 Co.	256.85	15.41	24600.64	0.72	361.06	3.95	4430.65	4.75	6.95	17851.24	59.66	1413.43	361.06	1.39	1.35	7.29

Quarterly Results

Standalone figures in ₹ crores

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	–	–	–	–	–	–	–	–	–	–	–	–	–
Expenses	123	141	132	141	118	147	135	140	140	151	150	166	153
Operating Profit	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Income	23	36	37	52	24	36	41	32	52	42	43	39	35
Profit before tax	16	22	20	30	26	3	11	-8	33	20	27	12	23
Tax %	0%	0%	-87%	7%	12%	0%	69%	0%	21%	0%	-7%	0%	0%
Net Profit	16	22	38	28	23	3	3	-8	26	20	29	12	23
EPS in Rs	0.40	0.55	0.97	0.72	0.59	0.08	0.08	-0.20	0.65	0.50	0.73	0.31	0.59

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	–	–	–	–	–	–	–	–	–	–	–	–	–
Expenses	574	607	566	410	460	377	427	394	474	498	515	556	620
Operating Profit	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Income	73	85	77	111	102	53	113	122	169	75	153	169	159
Interest	1,012	985	900	757	668	625	614	601	554	595	749	837	893
Depreciation	31	18	25	20	13	11	13	15	20	21	25	25	0
Profit before tax	-252	-241	-209	12	-25	12	46	43	37	32	70	72	82
Net Profit	-252	-241	-209	12	-25	12	66	37	36	49	58	67	84
EPS in Rs	-12.82	-8.72	-7.57	0.38	-0.63	0.30	1.67	0.94	0.91	1.25	1.46	1.69	2.13
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	126	177	177	210	253	253	253	253	253	253	253	395	395
Reserves	610	546	331	445	496	508	574	611	647	708	777	1,001	1,023
Borrowings	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Liabilities	482	305	349	240	225	234	357	370	343	327	343	328	329
Total Liabilities	14,688	14,352	12,463	12,333	12,286	11,799	12,265	13,096	13,796	15,132	15,962	17,937	19,304
Fixed Assets	199	184	152	183	173	169	179	225	221	251	267	266	279
Gross Block	372.46	371.01	369.88	373.09	375.58	378.68	393.71	445.77	453.55	500.04	537.09	549.32	–
Accumulated Depreciation	173.45	186.91	217.95	190.04	202.53	209.29	214.83	220.84	232.55	249.18	270.58	282.90	–
CWIP	13	19	27	31	31	33	35	0	0	7	8	15	0
Investments	4,482	4,497	3,792	4,194	4,365	4,037	3,682	4,439	4,044	3,889	3,942	3,955	4,644
Other Assets	9,993	9,652	8,492	7,925	7,718	7,560	8,369	8,433	9,531	10,986	11,745	13,700	14,380
Total Assets	14,688	14,352	12,463	12,333	12,286	11,799	12,265	13,096	13,796	15,132	15,962	17,937	19,304

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	649	-605	-298	-99	-203	-144	554	-90	139	216	17	-5
Cash from Investing Activity	-24	-10	-9	-11	-3	-10	-25	-27	-388	-106	111	-32
Cash from Financing Activity	114	230	-150	84	270	-95	-23	-28	0	0	0	142
Net Cash Flow	738	-385	-457	-26	64	-248	506	-144	-249	111	128	105

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	–	–	–	–	–	–	–	–	–	–	–	–
Inventory Days	–	–	–	–	–	–	–	–	–	–	–	–
Days Payable	–	–	–	–	–	–	–	–	–	–	–	–
Cash Conversion Cycle	–	–	–	–	–	–	–	–	–	–	–	–
Working Capital Days	–	–	–	–	–	–	–	–	–	–	–	–
ROCE %	–	–	–	–	–	–	–	–	–	–	–	–

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	–	–	–	–	–	–	–	–	–	–	–	–	–
FIIs	10.84%	10.86%	10.97%	10.76%	11.89%	6.10%	5.93%	4.97%	6.95%	15.26%	15.52%	15.27%	15.32%
DIIs	0.07%	0.12%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.16%	0.05%	0.05%	0.05%	0.05%
Public	89.07%	89.01%	88.95%	89.16%	88.04%	93.82%	93.99%	94.96%	92.90%	84.69%	84.43%	84.68%	84.63%