EN DE
Watch Dhanlaxmi Bank Limited for free: we tell you when fair value or trend changes.
Data-driven stock valuation

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.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Financial Services IN · ISIN INE680A01011

DB Dhanlaxmi Bank Limited logo Thin data Nov 8, 2026

Dhanlaxmi Bank Limited

DHANBANK · NSE
Expensive, weak quality

Our calculation puts a fair price 32% below what the stock costs today.

Healthy Growth (revenue 5y +11.2 %/yr in INR)
Solidly profitable · 16.9% net margin (TTM)
Last quarter vs. a year ago: revenue +34%, profit +109%.
Quality 41/100
Mixed vs. peers (7/13)
Moderate moat 47/100
Changed on Nov 9: ₹31.86 → ₹23.13
Fair value ₹23.13 · Overvalued
Thin data
⚠ Dilution
Watch Dhanlaxmi Bank Limited for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹56.40 ₹11.00 Fair Value ₹23.13 Jul 2021 Nov 2026

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.

Follow Dhanlaxmi Bank in your weekly email

Every Wednesday you see whether Dhanlaxmi Bank is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

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.

Show moreShow less

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.

Show more

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

Bear ₹17.35 Fair Value ₹23.13 Bull ₹28.91
Price ₹33.80 · Downside -31.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹2.21 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income ₹26.04 ₹25.65 ₹26.83 71
P/E Multiple ₹25.38 ₹33.84 ₹42.30 63
P/B Multiple ₹15.43 ₹20.58 ₹25.72 55
All 4 models by family
Multiples
P/E Multiple ₹25.38 ₹33.84 ₹42.30 63
P/B Multiple ₹15.43 ₹20.58 ₹25.72 55
Asset-Based
NCAV (Graham) ₹14.69 ₹19.68 ₹29.37 54
Economic Profit
Residual Income ₹26.04 ₹25.65 ₹26.83 71

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 41/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 19
How much profit the company makes from its sales and capital
Quality Growth 60
Are margins and returns getting better?
Cashflow 100
Do the profits arrive as real cash?
Financial strength 17
Debt, balance sheet and risk of trouble
Investment 55
Does it invest with discipline instead of growing at any price?
Low Volatility 58
How calm the share price moves, does not count
Price momentum 55
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 72
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+21.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.2%
Start year 2021 (pandemic). Over 10 years: +3.5% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.8%
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+12.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.1%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.12.1% vs 16.0%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 8%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 4.1%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

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.

Free, no sign-up

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

Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 41 · Bottom 25%
Fair Value upside −31.6% · Below median
Profitability
Return on equity (12 months) 9.5% · Below median
Return on assets 0.5% · Bottom 25%
Net margin (12 months) 16.9% · Bottom 25%
Operating margin (12 months) 27.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 33.8% · Top 25%
Balance sheet
Debt / equity 0.14× · Below median

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 9.5× · Cheaper than median
P/B 0.91× · Cheaper than median
P/S (12 months) 1.60× · Cheapest 25%
Price / free cash flow (fiscal year) 2.3× · Cheapest 25%
EV/EBITDA 2.8× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 9
FUTURE (revenue growth)100 · sector 47
PAST (return on equity)38 · sector 43
HEALTH (low debt)–
DIVIDEND (yield)0 · sector 52

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

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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 $9.93 $5.87 −41% 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

Explore undervalued stocks

More undervalued Financial Services stocks →

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Dhanlaxmi Bank Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Dhanlaxmi Bank Limited Fair Value". https://www.fairvalue-calculator.com/stock/DHANBANK

Frequently asked questions

Is Dhanlaxmi Bank Limited (DHANBANK) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ₹23.13 versus a price of ₹33.80, about 32% lower (overvalued).
What is the fair value of DHANBANK?
Our model-based fair value for Dhanlaxmi Bank Limited is ₹23.13 (as of Nov 8, 2026), built from audited fundamentals. The current price: ₹33.80.
What is the quality score of DHANBANK?
Dhanlaxmi Bank Limited has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Dhanlaxmi Bank Limited (DHANBANK)?
Our model-based price target is the fair value of ₹23.13 (as of Nov 8, 2026) from 4 valuation models. Cautious scenario ₹17.35, optimistic scenario ₹28.91. It is a calculation from audited fundamentals, not an analyst target.
What is the Dhanlaxmi Bank Limited stock forecast for 2026?
Our models put fair value at ₹23.13, about 32% lower versus a price of ₹33.80 (overvalued). Cautious scenario ₹17.35, optimistic scenario ₹28.91. The calculation is refreshed regularly with new filings.
What is the revenue of Dhanlaxmi Bank Limited (DHANBANK)?
Dhanlaxmi Bank Limited reported trailing-twelve-month revenue of about ₹8.3B (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Dhanlaxmi Bank Limited (DHANBANK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dhanlaxmi Bank Limited it is ₹23.13 per share (as of Nov 8, 2026), against a price of ₹33.80. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Dhanlaxmi Bank Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, DHANBANK trades above its calculated fair value: price ₹33.80, fair value ₹23.13, a gap of about −32% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DHANBANK?
No. The price is what the market pays today (₹33.80); the fair value is what the company's own numbers justify (₹23.13). For Dhanlaxmi Bank Limited the two are ₹10.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dhanlaxmi Bank Limited worth?
The market values Dhanlaxmi Bank Limited at about ₹13.3B (market capitalisation, as of Nov 8, 2026). Per share that is ₹33.80; our models calculate a fair value of ₹23.13 per share.
What do the bullish and bearish scenarios say about DHANBANK?
Our models span a range for Dhanlaxmi Bank Limited: cautious scenario ₹17.35, base ₹23.13, optimistic ₹28.91 per share (as of Nov 8, 2026, price ₹33.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DHANBANK?
Dhanlaxmi Bank Limited trades at a price-to-earnings ratio of 9.5 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹23.13 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings: 10.1. Other multiples: P/B 0.9, P/S 1.6, EV/EBITDA 2.8.
How solid is the balance sheet of Dhanlaxmi Bank Limited (DHANBANK)?
Balance-sheet figures for Dhanlaxmi Bank Limited (as of Nov 8, 2026): return on equity 9.5%, debt of 0.14 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is DHANBANK from its 52-week high?
Dhanlaxmi Bank Limited trades at ₹33.80, about 9% below its 52-week high of ₹37.09 and 72% above the low of ₹19.64 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ₹23.13 is for.
Which stocks are comparable to Dhanlaxmi Bank Limited?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Dhanlaxmi Bank Limited stock attractive at the current price?
The data as of Nov 8, 2026: price ₹33.80, calculated fair value ₹23.13 (−32%), Quality Score 41/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DHANBANK calculated?
We run Dhanlaxmi Bank Limited through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹23.13 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.7% above its aggregate fair value. Dhanlaxmi Bank Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Dhanlaxmi Bank Limited (DHANBANK)?
The closing price on Nov 11, 2026 was ₹33.80. Our model-based fair value is ₹23.13, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dhanlaxmi Bank Limited right now?
The price sits above even our optimistic bull case (₹28.91). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Dhanlaxmi Bank Limited

How large is the market capitalisation of Dhanlaxmi Bank Limited (DHANBANK)?
The market capitalisation of Dhanlaxmi Bank Limited is ₹13.3B (≈ $142M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Dhanlaxmi Bank Limited (DHANBANK)?
The price-to-sales ratio of Dhanlaxmi Bank Limited is 1.60 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dhanlaxmi Bank Limited (DHANBANK)?
Earnings per share at Dhanlaxmi Bank Limited are ₹3.57 (price ÷ EPS = P/E 9.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Dhanlaxmi Bank Limited (DHANBANK)?
The net margin of Dhanlaxmi Bank Limited is 16.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Dhanlaxmi Bank Limited (DHANBANK)?
The return on equity (ROE) of Dhanlaxmi Bank Limited is 9.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Dhanlaxmi Bank Limited (DHANBANK)?
On an EBIT basis the return on assets of Dhanlaxmi Bank Limited is 0.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Dhanlaxmi Bank Limited (DHANBANK)?
The operating margin of Dhanlaxmi Bank Limited is 27.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dhanlaxmi Bank Limited (DHANBANK)?
Revenue at Dhanlaxmi Bank Limited is growing +33.8% versus a year earlier (3y avg +16.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Dhanlaxmi Bank Limited (DHANBANK)?
Earnings per share at Dhanlaxmi Bank Limited are growing +109% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dhanlaxmi Bank Limited (DHANBANK) generate?
The free cash flow of Dhanlaxmi Bank Limited is ₹5.8B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Dhanlaxmi Bank Limited (DHANBANK) hold?
Dhanlaxmi Bank Limited holds more cash than debt, ₹3.4B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed

Watch Dhanlaxmi Bank Limited in the live analysis

One click puts Dhanlaxmi Bank Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.