Annual reportSep 2026
Sep 2026 · Notice Of 99Th Annual General Meeting 31 Aug - 99th AGM on September 23, 2026; annual report issued, ESOP 2025 and director appointments proposed.
Source: Bse
Dhanlaxmi Bank Limited (DHANBANK)
Small CapFinancial Services stocks · Small cap · NSE
Dhanlaxmi Bank Limited operates in Private Sector Bank, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals04 Oct 2026 · screener
Latest result29 Jul, 06:42 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage11/14 · 79%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
51NeutralSMA20 -1.4% / mo · RSI overbought · MACD + · near 52W high
Stock trend: 56
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
DHANBANKD candles · FIT view+39.5%Latest close ₹37.05 on 2026-10-19
Bar
+3.2%
RSI
71
MACD hist
0.81
52W pos
98%
2026-10-19O ₹35.90H ₹37.50L ₹35.87C ₹37.05Vol 44.5L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
DHANBANKNifty Financial ServicesNifty 500
- DHANBANK
- +9.6%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +15.2 pp
Chart stats
19 Oct 2026- From 52W high
- -1.2%
- 52W range position
- 98%
- ATR (14)
- 5.3%
- Volume vs 20D
- 1.68x
- Avg traded value
- ₹9.3 Cr
- 20D price channel
- ₹26 - ₹37.5
₹37.5
₹19.5 - ₹37.5
₹1.9
Latest completed session
20-session average
67.8% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE55
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent75
Revenue +22.0% · PAT +108.3% YoY
Technical
Neutral51
Price trend and sector-relative-strength timing.
Valuation
Legacy model+50.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence68
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 75/100Rev +22% YoY · PAT +108% YoY · operating leverage
Filed 29 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹449 Cr | +22.0% | +1.4% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹25 Cr | +108.3% | -41.9% |
| PAT margin | 5.6% | +231 bps | -414 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 9.22
- P/B
- 0.70
- EV/EBITDA
- —
- Market Cap
- 1064.00Cr
Profitability
- ROE
- 7.15%
- ROCE
- 5.81%
- ROA
- 0.54%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 11.00%
- EPS 5Y
- 22.00%
- Revenue 3Y
- 14.00%
- EPS 3Y
- 28.00%
Balance Sheet
- Debt/Equity
- 0.04
- Interest Coverage
- —
- Altman Z
- 1.84
- Book Value
- 38.30
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- 631.00 Cr
- EPS TTM
- 2.93
Shareholding
- Promoter Hold
- —
- Promoter Pledge
- 0.00%
- Momentum 52W
- 44%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 3.0-86.4% vs prev
Net Profit
₹ CrLatest: 103+53.7% vs prev
Return on Equity
%Latest: 7.0+45.6% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 71. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~1.4% over last month) — short-term momentum negative.
- RSI(14) at 71 — overbought zone; risk of mean reversion.
- MACD above signal, histogram expanding — bullish momentum building.
- Within 3% of 52-week high — testing resistance.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
85
RS percentile
Stage 2 UptrendRecent S2
1M return
+25.7%
3M return
+9.6%
6M return
+35.1%
1Y return
+37.2%
RS 1D
+3
RS 20D
+15
Sector rank
#10
Industry rank
#20
Stage evidence
- Price is 19.6% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +3.4%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
07 Oct 2026
S2 age
9 trading sessions
Sector
weakening
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 152.41+4.59%
RS vs Nifty 500152
Valuation & peers
U-Score 55 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 55 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · FAIR VALUEValuation23/30
Growth19/25
Quality0/20
Balance Sheet7/15
Cash Flow3/10
Piotroski
5/9 (+3)
Penalties
0
Raw sum
55
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
55/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 50.4%.
- Valuation contributes 23/30 to the score.
- Growth contributes 19/25 to the score.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
- Balance sheet is weaker at 7/15; verify the latest quarterly trend.
Sector valuation model
Bank valuation: P/B adjusted for ROE and asset quality
Banks are balance-sheet businesses, so book value quality matters more than simple earnings multiples.
Primary lens
Price/book and ROE/ROA, not trailing PE alone.
Secondary checks
Capital adequacy, credit cost, NPA trend, deposit franchise.
Main risk check
Low P/B can be a trap if asset quality or credit cost is worsening.
PE
9.2
PB
0.7
EV/EBITDA
—
ROE
7.2%
ROCE
5.8%
FCF Yield
—
Debt/Equity
0.0
MoS
+50.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
55
Previous: 55
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+50.4%
Previous: +50.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
56
56
56
56
56
56
56
56
55
55
55
55
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹50.25
+26.3% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹74.72
+50.4% MoS
PEG
0.38
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
KARURVYSYA
Small
Karur Vysya Bank Limited
Banking
match 150
50
11.6
19.1%
+53%
FAIR VALUE
IDBI
Small
IDBI Bank Limited
Banking
match 149
65
9.7
14.1%
+63%
UNDERVALUED
CUB
Small
City Union Bank Limited
Banking
match 149
38
16.0
13.2%
+36%
WATCHLIST
RBLBANK
Small
RBL Bank Limited
Banking
match 148
26
48.7
5.4%
+1%
OVERVALUED
YESBANK
Mid
Yes Bank Limited
Banking
match 144
55
14.6
7.1%
+44%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Dhanlaxmi Bank Limited operates in Private Sector Bank, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
68Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 56th percentile of the scored universe and 69th percentile within Financial Services. Main check: financial discipline is weak at 48/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
4 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
56th percentile
overall median 67 · Financial Services: 69th pctile, median 62 · Small: 60th pctile, median 66
Evidence depth
Financial-only
4 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
55
watch · profit to cash conversion
Balance sheet
80
strong · leverage and solvency
Discipline
48
watch · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.04.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸3/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸ROCE is low at 5.8%.
- ▸ROE is low at 7.2%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Dhanlaxmi Bank Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 7 Aug - Dhanlaxmi Bank appoints Mr. T.V. Rao as Additional Non-Executive Independent Director from September 1, 2026 for three years.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 23 Sep - Shareholders approved Joint Statutory Central Auditors appointment at 99th AGM for next AGM period.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 23 Sep - Dhanlaxmi Bank reappointed Dr. Jineesh Nath C.K. and appointed Rajan TX, T.V. Rao as independent directors.
Source: Bse
Credit ratingAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Credit Rating 19 Aug - ICRA reaffirmed Dhanlaxmi Bank’s Basel III Tier-II bonds at BBB- with Stable outlook on August 19, 2026.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Management 29 Jul - Board re-appointed Rajan Sleeba as Head-Human Resources for 2 years from August 11, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Aug
Source: Bse
Credit rating
Intimation Of Credit Rating 20 Aug - ICRA assigned BBB- Stable for fixed deposits and A3 for certificates of deposit.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 29 Jul - Bank appointed Rajan T.K. as additional independent director for five years from July 29, 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 6 Jul - Dhanlaxmi Bank appoints Gopalakrishnan V.N. as Chief Vigilance Officer for three years from 13 July 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 15 Jun - Board appointed Krishnakumar K as CFO for three years from charge date, replacing Kavitha T.A.
Source: Bse
AnnouncementMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Change in Management 25 May - Mr. Balasubramanian A.D. completed tenure as Chief Vigilance Officer on May 24, 2026.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.