Dhanlaxmi Bank Limited (DHANBANK) Fair Value & Analysis

Financial Services · IN · Market cap ₹12.7B

Below-average quality, and screening another 12% overvalued on our models.

What matters now

• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
• Our model range runs from ₹21.57 (bear) to ₹35.96 (bull), base ₹28.76. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 42/100 (below-average quality) with high evidence: the data supports the verdict.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹11.00 – ₹56.40 · fair‑value band ₹21.57 – ₹35.96 · the ₹32.50 price screens above the ₹28.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Dhanlaxmi Bank Limited (DHANBANK) currently trades at ₹32.50, while our model-based Fair Value estimate is ₹28.76, implying the stock looks roughly 11.5% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Dhanlaxmi Bank Limited generated revenue of ₹7.4B at a net margin of 14.0%. Revenue grew 33.7% year over year. It earns a return on equity of 7.2%. The balance sheet holds a net cash position of ₹3.4B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹21.57 (bear case) to ₹35.96 (bull case); at ₹32.50, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 67% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -12%, DHANBANK screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples (₹33.84) versus Asset-Based (₹25.02). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

DHANBANK screens 12% overvalued. Compare with PT Bank Central Asia Tbk →

Peer Group

Banks - Regional · 1086 stocks

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.

Valuation Multiples vs Banks - Regional median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.