Manas Jaiswal of manasjaiswal.com has a buy call on
DCB Bank Ltd. with a target price of Rs 250. The current market price of DCB Bank Ltd. is Rs 240.55. Time period given by the analyst is Intra Day when DCB Bank Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 237. DCB Bank Ltd., incorporated in 1995, has a market cap of Rs 7449.89 crore.
DCB Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 2447.86 Crore to Sales Value (80.48 % of Total Sales), Income From Investment which contributed Rs 535.43 Crore to Sales Value (17.60 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 30.67 Crore to Sales Value (1.00 % of Total Sales) and Interest which contributed Rs 27.53 Crore to Sales Value (0.90 % of Total Sales)for the year ending 31-Mar-2019.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 439.48 Crore (1.84 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 153.77 Crore (.65% of total assets). For the quarter ended 31-03-2019, the company has reported a Standalone Interest Income of Rs 661.31 Crore, up 5.25 % from last quarter Interest Income of Rs 628.35 Crore and up 26.00 % from last year same quarter Interest Income of Rs 524.86 Crore. The bank has reported net profit after tax of Rs 96.33 Crore in latest quarter.