Dhanlaxmi Bank share price today

Dhanlaxmi Bank Ltd's share price was ₹31.82 at the close on 4 November 2026. It has been rising for 25 weeks. That is 4.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹21 and ₹36, and at that close it sat 73% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Dhanlaxmi Bank Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 5 weeks in a row.

Over the last 11 years the share price moved +110% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), bad loans at their lowest share in 16 quarters and highest quarterly profit in 16 quarters.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹471 crore, +22.7% on a year earlier.

2. Bad loans at their lowest share in 16 quarters

   Gross NPA, the share of loans not being repaid, was 1.76% in the September 2026 quarter, from 3.1% a year earlier.

3. Highest quarterly profit in 16 quarters

   Profit of ₹49 crore in the September 2026 quarter is the highest of the last 16 quarters.

For July to September 2026 (the quarter ended 30 September 2026), Dhanlaxmi Bank reported total income of ₹471 crore, up 22.7% from ₹384 crore a year earlier, and a profit of ₹49.0 crore, up 113.0% from ₹23.0 crore.

Dhanlaxmi Bank results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.

Dhanlaxmi Bank closed at ₹31.82 on 4 November 2026, up 21.5% from ₹26.20 a year earlier (7 November 2025) and up 148.2% over five years. Its highest weekly close since March 2016 was ₹41.59 on 2 February 2024.

Dhanlaxmi Bank share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Dhanlaxmi Bank closed at ₹31.82, up 1.8% on the week and up 18.0% on the month. Results for July to September 2026: Total income up 22.7% and profit up 113.0% on a year earlier.

Earlier

• Our read, 17 May 2026: A Kerala micro-bank navigating the last mile of a legacy NPA clean-up, FY26 marks first ₹100 Cr profit milestone, but ROE is still sub-peer and concentration in gold loans creates a second risk if prices correct.

Our read of the business

Latest quarter: First ₹100 Cr profit year, NPA hits decade-low 1.89%, NII surges 39%.

Our read after the latest results, written 17 May 2026.

Dhanlaxmi Bank has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Dhanlaxmi Bank Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

Dhanlaxmi Bank's management made 0 promises we could check against what it later reported.

Our read after the latest results, written 17 May 2026.

What is changing at Dhanlaxmi Bank, from the latest results and calls: npa clean-up nearing completion, gold loan expansion (yield-protective pivot) and msme book diversification.

• NPA Clean-Up Nearing Completion. GNPA fell 330 basis points in 3 years to 1.89% in Mar-26; net NPA at 0.51% and provision coverage 92.46%, the clean-up is nearly done, unlocking earnings power from lower credit costs. ⚠ estimate
• Gold Loan Expansion (Yield-Protective Pivot). Gold loans surged 71% to ₹6,512 Cr in FY26, now 43%+ of the loan book, higher yields on secured assets protect NIM even as CASA ratio drifts down. ⚠ estimate
• MSME Book Diversification. MSME advances grew 30.9% to ₹2,135 Cr in FY26, reaching ~14% of the loan book, a deliberate diversification move to reduce gold concentration. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 17 May 2026.

43%+ of advances in gold loans, a 15%+ gold price correction or RBI LTV tightening could trigger slippages and reverse 2 years of NPA improvement.

The main risks

• Gold Loan Concentration / Price Correction: 43%+ of advances in gold loans, a 15%+ gold price correction or RBI LTV tightening could trigger slippages and reverse 2 years of NPA improvement. ⚠ estimate
• CASA Erosion Pressuring NIMs: CASA ratio declined from 31.66% (Sep-24) to ~28.9% (Mar-26), each 100 basis points decline in CASA adds ~5-8 basis points to funding cost. ⚠ estimate
• Corporate/Wholesale Banking Segment Loss: Corporate banking reported a ₹875 lakh loss in FY26 (improved from ₹2,626 lakh loss in FY25), legacy book continues dragging earnings. ⚠ estimate
• No Promoter / Governance Structure: Zero promoter stake means no accountability anchor, the 2020 CEO ousting (shareholders voted out RBI-approved CEO) shows how unstable governance can be. ⚠ estimate

Our read after the latest results, written 17 May 2026.

When Dhanlaxmi Bank reports October to December 2026, these are the 5 checks that show whether the story is still on course. First: Monthly gold price + RBI guidance on bank gold LTV norms.

Dhanlaxmi Bank is on 3 of our India lists: Undervalued stocks, Penny stocks and Bank stocks.

Dhanlaxmi Bank Ltd earned ₹49.0 Cr of net profit in the Sep 2026 quarter, +113.0% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹103 Cr. That is 10.4% of the quarter's revenue. The same quarter a year earlier earned ₹23.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹103 Cr (+53.7% on the year before).

Why profit moved: revenue changed +22.7% on a year earlier and the margin moved +4.4 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +72.4% and revenue +23.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Dhanlaxmi Bank Ltd reported ₹471 Cr of income in the Sep 2026 quarter, +22.7% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 2.9% a year on average. The last full year, FY26, came in at ₹1,601 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

Why this happened. Management is deliberately growing MSME as a counterweight to gold concentration. MSME loans are higher margin than corporate loans and diversify the geographic and sector exposure. Kerala's SME base is a natural goal given the bank's South India focus. The segment reaching 14% of the book is early but directionally right. Watch for NPA emergence in this segment in FY27 as the vintage matures.

The last four reported quarters add to ₹1,770 Cr.

FY26 revenue was ₹1,601 Cr, +21.3% on the year before.

Recent pace: the last four quarters grew +23.1% on average, against 2.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +23.1%, against +19.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +67.9%, against +142.4% a year (rolling over).

Dhanlaxmi Bank Ltd's net margin was 10.4% in the Sep 2026 quarter, 4.4 percentage points higher than the same quarter a year ago. Across 13 years it has been between −19.5% and 6.7%. The latest quarter is above every full year in that period.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

Dhanlaxmi Bank Ltd's gross NPA, the share of loans that have stopped being repaid, is 1.76% in Sep 2026, down from 3.10% a year ago. After the money already set aside for bad loans, 0.45% is left (net NPA). That is the 5th quarter in a row of improvement.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Across the 12 quarters on file it has been between 1.76% and 4.81%. Falling bad loans mean the loan book is healing; rising ones mean new damage.

In Sep 2026, gross NPA was 1.76% and net NPA 0.45%, against 3.10% and 1.12% a year ago.

In short: a lender's profit growth is only as good as its loans, and this loan book is healing, several quarters running. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up.

Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown.

Dhanlaxmi Bank Ltd's revenue was ₹1,601 Cr in FY26, +21.3% on the year before, so the loan book is growing. The latest quarter was +22.7% on a year earlier. The net margin on that income is 10.4%, +4.4 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

Dhanlaxmi Bank Ltd's P/BV is 0.8×, in the middle of its own history: higher than 63% of past readings. Its usual P/BV (the middle reading) is 0.7×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.

Why the multiple is low: this lender earns about 7% a year on its equity. A lender that earns less on its net worth is valued lower for each rupee of it, and that gap usually closes only if returns improve.