Dhanlaxmi Bank
- Market cap
- ₹ 1,428 Cr.
- P/E
- 9x
- P/B
- 0.99x
- 52-week range
- 19.45 – 37.99
- ROE
- 7%
- Dividend yield
- 0%
- Debt / equity
- 0.51
- Sector
- Banks
- Industry
- Private Sector Bank
- Listed on
- NSE, BSE
About
Dhanlaxmi Bank Limited is an India-based bank engaged in providing a range of banking and financial services. Its segments include Treasury Operations, Corporate / Wholesale Banking, Retail banking, and Other Banking Business Operations. It provides personal banking, corporate banking, non-resident Indian (NRI) banking, micro and agri-banking, small and medium enterprise (SME) banking, and forex and trade finance services. Its personal banking services include accounts, loans, gift cards, credit cards, debit cards, depository services, forex services, online trading, mobile banking, and commercial vehicle loans. Its micro and agri-banking services include Kissan Vahana, Agri Gold Loan, Kissan Credit Card, Micro Credit - microfinance institutions, and Micro Credit - self-help groups (SHGs). Its NRI banking services include money transfer, home loan, lease rental discounting and others. Its corporate banking includes credit, corporate salary, and forex and trade.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Private Sector Bank: 20 companies →Dhanlaxmi Bank against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)9 against a typical 12.2: cheaper than most peers (1st = cheapest).6th of 20
- Sales growth+22% against a typical +16.2% from a year earlier.3rd of 20
- Profit growth+108.3% against a typical +34.9% from a year earlier.3rd of 19
- Share price, 3 months+0.8% against a typical −5.9%.5th of 20
- Size₹ 1,427.7 Cr. market value against a typical ₹ 32,210 Cr. (1st = largest).17th of 17
Latest announcements
Exchange filings and their impact on the company.
- Q2 profit more than doubled to Rs 48.6 cr with NPAs sharply lower.
Dhanlaxmi Bank reported unaudited results for the quarter and half-year ended September 30, 2026. Q2 net profit rose to Rs 48.55 cr from Rs 23.2 cr a year ago, and half-year profit rose to Rs 73.46 cr from Rs 35.38 cr, on total income of Rs 1002.85 cr, up 21.5%. Asset quality improved sharply with Gross NPA at 1.76% versus 3.10% last year and Net NPA at 0.45% versus 1.12%, while capital adequacy stayed strong at 18.86%.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB- by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]BBB- | Stable | 19 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 19 Aug 2026 | Reaffirmed | [ICRA]BBB- | — | ICRA | ₹ 20,250 Cr. | |
| 24 Mar 2026 | Reaffirmed | [ICRA]BBB- | — | ICRA | ₹ 150 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 26 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 19 Aug 2026 | Other business matters | Consider and approve Dhanlaxmi Bank Limited Employee Stock Option Plan 2025 in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, subject to the approval of the shareholders of the Bank. |
| 29 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 Apr 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 21 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 29 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 304 | 308 | 306 | 306 | 329 | 335 | 351 | 368 | 384 | 407 | 443 | 449 |
| Interest | 183 | 194 | 201 | 206 | 208 | 206 | 216 | 229 | 242 | 253 | 256 | 272 |
| Expenses | 118 | 147 | 135 | 140 | 140 | 151 | 150 | 166 | 153 | 180 | 177 | 177 |
| Financing Profit | 3 | −33 | −30 | −40 | −19 | −22 | −16 | −27 | −11 | −25 | 10 | 1 |
| Financing Margin % | 1% | −11% | −10% | −13% | −6% | −7% | −5% | −7% | −3% | −6% | 2% | 0% |
| Other Income | 24 | 36 | 41 | 32 | 52 | 42 | 43 | 39 | 35 | 49 | 69 | 35 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 26 | 3 | 11 | −8 | 33 | 20 | 27 | 12 | 23 | 24 | 79 | 36 |
| Tax % | 12% | 0% | 69% | 0% | 21% | 0% | −7% | 0% | 0% | 0% | 45% | 30% |
| Net Profit | 23 | 3 | 3 | −8 | 26 | 20 | 29 | 12 | 23 | 24 | 43 | 25 |
| EPS in Rs | 0.59 | 0.08 | 0.08 | −0.2 | 0.65 | 0.5 | 0.73 | 0.31 | 0.59 | 0.61 | 1.1 | 0.63 |
| Gross NPA % | 5.4% | 4.8% | 4.1% | 4% | 3.8% | 3.5% | 3% | 3.2% | 3.1% | 2.4% | 1.9% | 1.8% |
| Net NPA % | 1.3% | 1.3% | 1.3% | 1.3% | 1.1% | 0.9% | 1% | 1.1% | 1.1% | 1.1% | 0.5% | 0.5% |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 3%
- 5 Years
- 11%
- 3 Years
- 14%
- TTM
- 22%
- 10 Years
- 10%
- 5 Years
- 23%
- 3 Years
- 28%
- TTM
- 33%
- 10 Years
- 6%
- 5 Years
- 22%
- 3 Years
- 19%
- TTM
- —
- 10 Years
- 5%
- 5 Years
- 6%
- 3 Years
- 6%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Dhanlaxmi Bank | ₹ 32.23 | ₹ 1,428 Cr. | 9x | 1x | 7% | — |
| HDFC Bank | ₹ 692.10 | ₹ 10,66,990 Cr. | 16.5x | 2.2x | 13.7% | 25.6% |
| ICICI Bank | ₹ 1,395.00 | ₹ 10,01,336 Cr. | 19.3x | 2.9x | 16% | 25.9% |
| State Bank of India | ₹ 957.00 | ₹ 8,83,384 Cr. | 11.8x | 1.6x | 15.4% | 21.4% |
| Kotak Mahindra Bank | ₹ 430.10 | ₹ 4,27,849 Cr. | 20.2x | 2.1x | 11.4% | 24.5% |
| Union Bank of India | ₹ 178.50 | ₹ 1,36,260 Cr. | 6.6x | 1x | 15.8% | 33.2% |
Management
- Ajith Kumar K. K.
- Chief Executive Officer, Managing Director
- Krishnakumar K.
- Chief Financial Officer
- Venkatesh H.
- Compliance Officer, Company Secretary
- Satheesan V
- General Manager
- John Varughese
- General Manager
- P. G. Jayakumar
- Executive Director
- P. Suriaraj
- Executive Director
- P. Manikandan
- Chief General Manager
Prices are delayed and for information only. Nothing on this page is investment advice.