Dhanlaxmi Bank Limited (DHANBANK) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Dhanlaxmi Bank Limited stock ₹23.13, price ₹33.80, that is 31.6% below the price, quality 41 out of 100. Rating: overvalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
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Dhanlaxmi Bank Limited
DHANBANK · NSEOur calculation puts a fair price 32% below what the stock costs today.
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69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ₹11.00 – ₹56.40 · fair‑value band ₹17.35 – ₹28.91 · the ₹33.80 price screens above the ₹23.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Company profile
Dhanlaxmi Bank Limited provides various banking and financial services in India. The company operates through Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business Operations segments.
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It offers deposit products, such as savings and current accounts, and term deposits; loans, including personal, home, new and used car, two wheeler, commercial, gold, education, business, and green loans, as well as loans against securities and properties, and lease rental discounting; and foreign exchange services comprising foreign currency cash, cheque deposits, foreign currency demand drafts, and remittances.
The company also provides export and import services; credit products comprising industrial and trade advance, import export assistance, and agricultural assistance; corporate salary; credit treasury bills and linked loans; trade finance, electronic bank guarantees, and liberalized remittance schemes; 3 in 1 trading accounts; and mutual funds investment services, as well as life, health, and car insurance products.
In addition, it offers non-resident Indians (NRI) banking services, such as non-residential external accounts, non-resident ordinary accounts, recurring and term deposits, foreign currency non-resident fixed deposits, and resident foreign currency, as well as money transfer services and NRI property loans; and micro and agricultural banking, and financial planning services.
Further, the company provides SME banking services, including working capital facilities, trade facilities, and capacity expansion services; credit, debit, and gift cards; retail and corporate net, mobile phone, and SMS banking; online services, such as bill payment, unified payments interface, prepaid mobile/DTH/data card recharges, missed call, shopping, positive pay, online trading, and custom duty online payments; and depository services, as well as safe deposit lockers.
Dhanlaxmi Bank Limited was incorporated in 1927 and is based in Thrissur, India.
Stock analysis
Dhanlaxmi Bank Limited (DHANBANK) currently trades at ₹33.80, while our model-based Fair Value estimate is ₹23.13, 32% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹27.21 per share, and 1 of the 4 models we run sit above the ₹33.80 price.
Bear case: the Asset-Based group reads lowest at ₹19.68, and 3 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹17.35 (bear) to ₹28.91 (bull), the price of ₹33.80 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Dhanlaxmi Bank Limited reported revenue of ₹17.9B in FY2026 versus ₹10.9B in FY2022, a compound +13.4%/yr. Reported net income was ₹1.0B in FY2026, compounding +30.1%/yr from FY2022.
Key figures
Market cap ₹13.3B (≈ $142M) Micro · P/E ratio 9.5 · P/S ratio 1.60 · EPS (TTM) ₹3.57 · Net margin 16.9% · Return on equity 9.5% · Return on assets (EBIT) 0.4% (5-year average) · Operating margin 27.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (medium confidence).
What moves the price
The share trades about 9% below its 52-week high and 72% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −32%, DHANBANK screens richer than that median.
Fair Value models
All 4 models by family
The fair value above starts from this blend and is adjusted for dilution from new shares.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
DHANBANK screens overvalued: fair value 32% below the price. Compare with China Merchants Bank Co →
Compare Dhanlaxmi Bank Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 999 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Return on equity by industry
- Quality Score by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.63 | ¥7.59 | +35% | vs DHANBANK |
| China Merchants Bank Co 600036 | ¥42.56 | ¥52.73 | +24% | vs DHANBANK |
| BNP Paribas SA BNP | €95.77 | €107.43 | +12% | vs DHANBANK |
| Intesa Sanpaolo S.p.A ISP | €6.30 | €4.91 | −22% | vs DHANBANK |
| UniCredit S.p.A UCG | €84.24 | €58.08 | −31% | vs DHANBANK |
| Oversea-Chinese Banking Corporation O39 | 28.82 SGD | 18.20 SGD | −37% | vs DHANBANK |
| Mizuho Financial Group MFG | $10.16 | $5.87 | −42% | vs DHANBANK |
| DBS Group D05 | 70.97 SGD | 40.39 SGD | −43% | vs DHANBANK |
| HDFC Bank Limited HDFCBANK | ₹806.60 | ₹406.39 | −50% | vs DHANBANK |
| ICICI Bank Limited ICICIBANK | ₹1,572 | ₹615.63 | −61% | vs DHANBANK |
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Frequently asked questions
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Key figures of Dhanlaxmi Bank Limited
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