DCB Bank Ltd., incorporated in the year 1995, is a banking company (having a market cap of Rs 2989.84 Crore).
DCB Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Standalone Total Income of Rs 967.01 Crore, up .14 % from last quarter Total Income of Rs 965.67 Crore and down -.41 % from last year same quarter Total Income of Rs 970.98 Crore. The bank reported net profit after tax of Rs 64.94 Crore in latest quarter.
Investment Rationale
The brokerage believes the improving operating performance and lower stress build-up would be key triggers for re-rating of the stock. It maintain BUY rating with a revised target price of Rs 120/share (0.8x FY24E ABV), implying an upside of 32% from CMP.
Promoter/FII Holdings
Promoters held 14.87 per cent stake in the company as of 30-Sep-2021, while FIIs owned 10.86 per cent, DIIs 38.33 per cent.
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