# Dhanlaxmi Bank share price today (Dhanlaxmi Bank Ltd, NSE: DHANBANK)

> Dhanlaxmi Bank share price today: ₹31.22 at the NSE close on 3 November 2026, up 17.9% in a year. Dhanlaxmi Bank (NSE: DHANBANK) is worth ₹1,231 crore, trades at a P/BV of 0.8 and has closed between ₹20.99 and ₹35.79 over the past 52 weeks. > Dhanlaxmi Bank Ltd's earnings have grown faster than its share price. Earnings per share grew +53.8% in a year while the price moved +17.9%. DHANBANK · Banks - Private · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/dhanlaxmi-bank-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹31.22 (+17.9% in a year)
- P/BV: 0.8× (higher than 53% of the last 11 years)
- Revenue (Sep 2026): ₹471 Cr (+22.7% on a year ago)
- Profit (Sep 2026): ₹49.0 Cr (+113.0% on a year ago)
- Net margin: 10.4% (+4.4 points on a year ago)
- ROE: 7%, FY26
- Gross NPA (bad loans): 1.76% (−1.34 points on a year ago)

The main question: yearly earnings per share moved +53.8% while the share price moved +17.9%. ## What is the Dhanlaxmi Bank share price today? Dhanlaxmi Bank Ltd's share price was ₹31.22 at the close on 3 November 2026. It has been rising for 25 weeks. That is 2.5% 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 69% of the way up from that low. 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 +106% 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. ## What changed at Dhanlaxmi Bank this quarter? 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. ## What are Dhanlaxmi Bank's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹471 crore | ₹384 crore | +22.7% |
| Profit | ₹49.0 crore | ₹23.0 crore | +113.0% |
| Earnings per share | ₹1.23 | ₹0.59 | +108.5% |
| Net margin | 10.4% | 6.0% | +4.4 points |
| Gross bad loans (gross NPA) | 1.76% | 3.10% | −1.34 points |

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.)

## What is the Dhanlaxmi Bank share price history? Dhanlaxmi Bank closed at ₹31.22 on 3 November 2026, up 17.9% from ₹26.48 a year earlier (31 October 2025) and up 143.5% over five years. Its highest weekly close since March 2016 was ₹41.59 on 2 February 2024. ### Dhanlaxmi Bank share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹35.76 | −12.7% |
| 1 month ago · 1 Oct 2026 | ₹26.97 | +15.8% |
| 6 months ago · 30 Apr 2026 | ₹30.41 | +2.7% |
| 1 year ago · 31 Oct 2025 | ₹26.48 | +17.9% |
| 3 years ago · 3 Nov 2023 | ₹23.94 | +30.4% |
| 5 years ago · 4 Nov 2021 | ₹12.82 | +143.5% |
| 10 years ago · 4 Nov 2016 | ₹20.49 | +52.4% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹15.18 | +105.7% |
| Highest weekly close since March 2016 · 2 Feb 2024 | ₹41.59 | −24.9% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹6.65 | +369.5% |
| 52-week high (weekly close) · 16 Oct 2026 | ₹35.79 | −12.8% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹20.99 | +48.7% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Dhanlaxmi Bank? 3 Nov 2026: Dhanlaxmi Bank closed at ₹31.22, down 12.7% on the week and up 15.8% 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.)

## What dividend does Dhanlaxmi Bank pay? 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 4 November 2026.)

## What did Dhanlaxmi Bank management say on the latest results call? 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 the future of Dhanlaxmi Bank? What is changing in the business? 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.)

## What could change the Dhanlaxmi Bank story? What are the risks? 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.)

## What to watch in Dhanlaxmi Bank's next results? 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. | What to check | Why |
| --- | --- |
| Monthly gold price + RBI guidance on bank gold LTV norms. | Gold Loan Concentration / Price Correction |
| Quarterly CASA ratio trend; NIM reported each quarter. | CASA Erosion Pressuring NIMs |
| Corporate segment profit/loss in quarterly results. | Corporate/Wholesale Banking Segment Loss |
| Any regulatory action, board composition changes, FII stake direction. | No Promoter / Governance Structure |
| Operating expense trajectory; cost-to-income ratio quarterly. | High Cost-to-Income Ratio |

## Which stock lists is Dhanlaxmi Bank on? Dhanlaxmi Bank is on 3 of our India lists: Undervalued stocks, Penny stocks and Bank stocks. - [Undervalued stocks Profit growth x: 1.6785714285714286](https://www.sectoralpha.in/markets/in/deep-value-stocks)
- [Penny stocks Earnings growth, 12 months (%): 67.61](https://www.sectoralpha.in/penny-stocks-india)
- [Bank stocks Market value (₹ crore): 1232.8161176846818](https://www.sectoralpha.in/sectors/bank-stocks-india)

## Is Dhanlaxmi Bank profitable? 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. 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. ## How much revenue does Dhanlaxmi Bank make, and is it growing? 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. 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). ## How much does Dhanlaxmi Bank keep from what it earns? 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. 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. ## How many of Dhanlaxmi Bank's loans have gone bad? 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. 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. ## How fast is Dhanlaxmi Bank's loan book growing? 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. 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. ## What is Dhanlaxmi Bank's P/BV ratio, and how does it compare with its own history? Dhanlaxmi Bank Ltd's P/BV is 0.8×, in the middle of its own history: higher than 53% 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. 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. Why the multiple is where it is: over the past year book value grew while the price moved +17.9%. Price and book value moved together, so the multiple stayed in its range. Where the price move came from: over 5 years the price moved +19.5% a year; about +13.2% a year came from book-value growth and about +6.3 percentage points from the multiple (the market paying more); over 10 years the price moved +4.3% a year; about +6.4% a year came from book-value growth and about −2.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the book value trend underneath matters more than the multiple. ## What growth does the Dhanlaxmi Bank share price assume? Worked out from its price on 20 July 2026, Dhanlaxmi Bank Ltd's share price assumed profit growth of about 7.0% a year. Today its P/BV is 0.8×, higher than 53% of its own last 11 years. This is a one-day reading, taken on 20 July 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Dhanlaxmi Bank business getting better or worse? Dhanlaxmi Bank Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +250.0% at its peak to +67.9%, but the business is still expanding, with ROE rising at 9.1%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## What is the Dhanlaxmi Bank story, and has it been checked? Dhanlaxmi Bank Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: EARLY RECOVERY. Still open: 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. Our read, 17 May 2026. A Kerala micro-bank navigating the last mile of a legacy NPA clean-up, FY26 marks first ₹100 Cr PAT milestone, but ROE is still sub-peer and concentration in gold loans creates a second risk if prices correct. From the numbers. Historical peak was 1.5x (Jun 2017), trough 0.5x (Jun 2020). Bank has completed 2 full cycles. Current cycle is CONTRACTION from 1.4x peak in…

From the price. Price stage 2, week 25, above its 200-day line, relative strength flat. From the research. A Kerala micro-bank navigating the last mile of a legacy NPA clean-up, FY26 marks first ₹100 Cr PAT milestone, but ROE is still sub-peer and concentration in gold loans creates a second risk if prices correct. Where they disagree. Historical peak was 1.5x (Jun 2017), trough 0.5x (Jun 2020). Bank has completed 2 full cycles. Current cycle is CONTRACTION from 1.4x peak in Mar-24. What is proven. A Kerala micro-bank navigating the last mile of a legacy NPA clean-up, FY26 marks first ₹100 Cr PAT milestone, but ROE is still sub-peer and concentration in gold loans creates a second risk if prices correct. What is not proven yet. 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 test written in advance. Gold Loan Concentration / Price Correction. Measured by: Gold Loan Concentration / Price Correction Monthly gold price + RBI guidance on bank gold LTV norms by the next result. The test written in advance. Corporate/Wholesale Banking Segment Loss. Measured by: Corporate/Wholesale Banking Segment Loss Corporate segment profit/loss in quarterly results by the next result. The test written in advance. No Promoter / Governance Structure. Measured by: No Promoter / Governance Structure Any regulatory action, board composition changes, FII stake direction by the next result. The dot is where the company is now; the dashed line is the level that would settle the question; a tinted band is where management says it is heading. Lever 3 · Management change: building. GNPA fell 330 bps 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. What proves it keeps working: NPA Clean-Up Nearing Completion. It stops working if Monthly gold price + RBI guidance on bank gold LTV norms. Lever 6 · Order-book wins: building. 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. What proves it keeps working: MSME Book Diversification. It stops working if Monthly gold price + RBI guidance on bank gold LTV norms. Lever 11 · More business from existing customers: building. Advances grew 23.95% to ₹15,129 Cr and NII grew 39% YoY in Q4 FY26, pure volume-driven NII accretion as the expanded capital base is deployed. What proves it keeps working: NII Volume Growth from Balance Sheet Expansion. It stops working if Monthly gold price + RBI guidance on bank gold LTV norms. Sources: our stock research file (17 May 2026) · quarterly results through Sep 2026. The story check is re-scored every results season; the record below never changes. ## How much does Dhanlaxmi Bank earn on its equity and assets? Dhanlaxmi Bank Ltd earned a return on equity of 7% in FY26. Its lowest yearly reading on file was −34% in FY14. On its assets, every ₹100 earned about ₹0.67, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That return is below the level a bank needs to grow its net worth quickly, which helps explain why its multiple is where it is. Why: the ROE chart shows the move, but the deposit-cost and bad-loan details behind it are not in our data. ## Does Dhanlaxmi Bank have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Dhanlaxmi Bank shareholding pattern? Foreign institutions raised their stake in Dhanlaxmi Bank Ltd by 9.1 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 14.1% of the company. Domestic institutions moved +0.0 points over the same period, to 0.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why this happened. Dhanlaxmi Bank's legacy NPA problem stemmed from corporate and infrastructure loans made in the 2010s under poor governance. From 5.19% in FY23 through systematic recoveries, write-offs, and collection measures, GNPA is now below 2%. As the NPA overhang recedes, credit costs decline, which flows directly to PAT. This is the dominant earnings driver in FY25 and FY26. The risk: if gold prices fall and secured gold loans deteriorate, a secondary NPA cycle could emerge. Why the owners changed: foreign institutions drove it (+9.1 points). They raised their stake step by step. ## How far is Dhanlaxmi Bank from balance-sheet trouble? For Dhanlaxmi Bank Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. Why this happened. With limited ability to compete on unsecured retail loans or corporate credit, Dhanlaxmi pivoted to gold loans as its growth engine. Gold loans are short-tenure, asset-backed, lower provisioning required, and carry higher yields than corporate or MSME loans. The 28.1% growth in Q1 FY26 (₹3,153 Cr → ₹4,039 Cr) accelerated to 71.41% by year-end (₹6,512 Cr), a phenomenal ramp. The concentration risk is material: if gold prices correct >15% or if RBI tightens LTV norms (as it has historically done), slippages in this book could reverse the NPA improvement. ## How does Dhanlaxmi Bank rank in its industry? 60.8 out of 100, rank 6 of 18 in Banks - Private, with 100% of the evidence available. Dhanlaxmi Bank Ltd scores 60.8 out of 100 against the 18 companies it is compared with in Banks - Private, ranking 6. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 30.9 + 7.3 + 7.8 + 14.8 = 60.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Dhanlaxmi Bank compared with? Dhanlaxmi Bank ranks 6 of 18 Banks - Private companies on the 4-Factor Sector Score, with 60.8 out of 100. 1. [Karur Vysya Bank Ltd](https://www.sectoralpha.in/stocks/karur-vysya-bank-ltd) KARURVYSYA · leader · Most evidence points up · 100% evidence 77.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Income 15.4% · Profit 40.6% · 100% evidence Capital efficiency 23.3/25 · ROA 2% · ROE 19.1% · GNPA 0.7% · 100% evidence Valuation 9.4/20 · P/BV 2.24× · P/BV÷ROE 0.12 · 100% evidence Relative strength 18.0/20 · Lead over its industry 15% · Lead over NIFTY 500 24.7% · 1 year 46.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 23.3 + 9.4 + 18 = 77.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Tamilnad Mercantile Bank Ltd](https://www.sectoralpha.in/stocks/tamilnad-mercantile-bank-ltd) TMB · losing its lead · Most evidence points up · 100% evidence 74.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.9/35 · Income 18.8% · Profit 30% · 100% evidence Capital efficiency 22.7/25 · ROA 2.1% · ROE 14% · GNPA 0.6% · 100% evidence Valuation 12.7/20 · P/BV 1.18× · P/BV÷ROE 0.08 · 100% evidence Relative strength 12.8/20 · Lead over its industry 11.2% · Lead over NIFTY 500 19.7% · 1 year 60.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 25.9 + 22.7 + 12.7 + 12.8 = 74.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [South Indian Bank Ltd](https://www.sectoralpha.in/stocks/south-indian-bank-ltd) SOUTHBANK · breaking out · Most evidence points up · 93% evidence 65.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Income 10.4% · Profit 16.7% · 100% evidence Capital efficiency 13.3/25 · ROA 1.1% · ROE 13.5% · GNPA n/a · 72% evidence Valuation 12.9/20 · P/BV 1.2× · P/BV÷ROE 0.09 · 100% evidence Relative strength 19.8/20 · Lead over its industry 25% · Lead over NIFTY 500 35.6% · 1 year 51.5% · 100% evidence · 10 of 12 weeks ahead Exact sum: 19 + 13.3 + 12.9 + 19.8 = 65 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [City Union Bank Ltd](https://www.sectoralpha.in/stocks/city-union-bank-ltd) CUB · leader · Evidence leans up · 100% evidence 62.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.7/35 · Income 22.6% · Profit 23.3% · 100% evidence Capital efficiency 16.8/25 · ROA 1.4% · ROE 13.2% · GNPA 1.4% · 100% evidence Valuation 11.1/20 · P/BV 1.89× · P/BV÷ROE 0.14 · 100% evidence Relative strength 12.9/20 · Lead over its industry -0.7% · Lead over NIFTY 500 8.2% · 1 year 24.9% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.7 + 16.8 + 11.1 + 12.9 = 62.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Karnataka Bank Ltd](https://www.sectoralpha.in/stocks/karnataka-bank-ltd) KTKBANK · leader · Evidence leans up · 100% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Income 4.7% · Profit 35.4% · 100% evidence Capital efficiency 11.7/25 · ROA 1.1% · ROE 10.4% · GNPA 2.3% · 100% evidence Valuation 14.0/20 · P/BV 0.81× · P/BV÷ROE 0.08 · 100% evidence Relative strength 15.8/20 · Lead over its industry 14.9% · Lead over NIFTY 500 23.3% · 1 year 67.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.9 + 11.7 + 14 + 15.8 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. Dhanlaxmi Bank Ltd this page DHANBANK · turning · Evidence leans up · 100% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.9/35 · Income 23.1% · Profit 67.9% · 100% evidence Capital efficiency 7.3/25 · ROA 0.5% · ROE 7.2% · GNPA 1.8% · 100% evidence Valuation 7.8/20 · P/BV 0.8× · P/BV÷ROE 0.11 · 100% evidence Relative strength 14.8/20 · Lead over its industry 5.2% · Lead over NIFTY 500 13.8% · 1 year 18.1% · 100% evidence · 3 of 12 weeks ahead Exact sum: 30.9 + 7.3 + 7.8 + 14.8 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [DCB Bank Ltd](https://www.sectoralpha.in/stocks/dcb-bank-ltd) DCBBANK · breaking out · Evidence leans up · 100% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/35 · Income 10.7% · Profit 25.6% · 100% evidence Capital efficiency 11.1/25 · ROA 0.9% · ROE 12% · GNPA 2.3% · 100% evidence Valuation 16.9/20 · P/BV 0.9× · P/BV÷ROE 0.07 · 100% evidence Relative strength 11.0/20 · Lead over its industry -0.9% · Lead over NIFTY 500 7.8% · 1 year 21.9% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.5 + 11.1 + 16.9 + 11 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [ICICI Bank Ltd](https://www.sectoralpha.in/stocks/icici-bank-ltd) ICICIBANK · turning · Evidence leans up · 79% evidence 53.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.2/35 · Income 7% · Profit 10.3% · 62% evidence Capital efficiency 19.8/25 · ROA 2.1% · ROE 15.9% · GNPA n/a · 68% evidence Valuation 9.2/20 · P/BV 2.59× · P/BV÷ROE 0.16 · 100% evidence Relative strength 13.4/20 · Lead over its industry -0.8% · Lead over NIFTY 500 8.3% · 1 year 3.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 11.2 + 19.8 + 9.2 + 13.4 = 53.6 · What this means: Relative strength against the index is 8.3%, and revenue and profit growth are weak. 9. [IDFC First Bank Ltd](https://www.sectoralpha.in/stocks/idfc-first-bank-ltd) IDFCFIRSTB · quiet · Evidence leans up · 73% evidence 52.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.4/35 · Income 14.6% · Profit 100% · 86% evidence Capital efficiency 9.5/25 · ROA 1.1% · ROE 3.8% · GNPA n/a · 72% evidence Valuation 3.7/20 · P/BV 1.26× · P/BV÷ROE 0.34 · 100% evidence Relative strength 8.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.9% · 1 year -12.1% · 25% evidence · 8 of 12 weeks ahead Exact sum: 30.4 + 9.5 + 3.7 + 8.8 = 52.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Kotak Mahindra Bank Ltd](https://www.sectoralpha.in/stocks/kotak-mahindra-bank-ltd) KOTAKBANK · breaking out · Evidence leans up · 93% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.3/35 · Income 8.4% · Profit 15.6% · 100% evidence Capital efficiency 15.9/25 · ROA 1.9% · ROE 11.4% · GNPA n/a · 72% evidence Valuation 7.3/20 · P/BV 2.36× · P/BV÷ROE 0.21 · 100% evidence Relative strength 17.4/20 · Lead over its industry 9.1% · Lead over NIFTY 500 19.3% · 1 year 9.8% · 100% evidence · 9 of 12 weeks ahead Exact sum: 11.3 + 15.9 + 7.3 + 17.4 = 51.9 · What this means: Relative strength against the index is 19.3%, and revenue and profit growth are weak. 11. [Axis Bank Ltd](https://www.sectoralpha.in/stocks/axis-bank-ltd) AXISBANK · turning · Evidence leans up · 93% evidence 51.5 out of 100 Growth Capital Valuation Relative
12. [Federal Bank Ltd](https://www.sectoralpha.in/stocks/federal-bank-ltd) FEDERALBNK · turning · Evidence leans up · 84% evidence 51.3 out of 100 Growth Capital Valuation Relative
13. [HDFC Bank Ltd](https://www.sectoralpha.in/stocks/hdfc-bank-ltd) HDFCBANK · turning · Evidence leans down · 84% evidence 47.0 out of 100 Growth Capital Valuation Relative
14. [RBL Bank Ltd](https://www.sectoralpha.in/stocks/rbl-bank-ltd) RBLBANK · losing its lead · Evidence leans down · 88% evidence 42.9 out of 100 Growth Capital Valuation Relative
15. [Bandhan Bank Ltd](https://www.sectoralpha.in/stocks/bandhan-bank-ltd) BANDHANBNK · quiet · Evidence leans down · 100% evidence 40.1 out of 100 Growth Capital Valuation Relative
16. [Jammu and Kashmir Bank Ltd](https://www.sectoralpha.in/stocks/jammu-and-kashmir-bank-ltd) J&KBANK · quiet · Evidence leans down · 88% evidence 39.2 out of 100 Growth Capital Valuation Relative
17. [Yes Bank Ltd](https://www.sectoralpha.in/stocks/yes-bank-ltd) YESBANK · quiet · Evidence leans down · 100% evidence 38.5 out of 100 Growth Capital Valuation Relative
18. [IndusInd Bank Ltd](https://www.sectoralpha.in/stocks/indusind-bank-ltd) INDUSINDBK · quiet · Most evidence points down · 89% evidence 28.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Banks - Private](https://www.sectoralpha.in/sectors/banks-private), all 18 compared on one page. ## Which companies are close to Dhanlaxmi Bank in size? Dhanlaxmi Bank is the 18th largest of 18 Banks - Private companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: City Union Bank, South Indian Bank, Jammu and Kashmir Bank, Tamilnad Mercantile Bank, Karnataka Bank and DCB Bank. It is the smallest. ### Banks - Private companies close in size

1. [City Union Bank Ltd](https://www.sectoralpha.in/stocks/city-union-bank-ltd) ₹21,223 crore
2. [South Indian Bank Ltd](https://www.sectoralpha.in/stocks/south-indian-bank-ltd) ₹14,536 crore
3. [Jammu and Kashmir Bank Ltd](https://www.sectoralpha.in/stocks/jammu-and-kashmir-bank-ltd) ₹12,905 crore
4. [Tamilnad Mercantile Bank Ltd](https://www.sectoralpha.in/stocks/tamilnad-mercantile-bank-ltd) ₹12,689 crore
5. [Karnataka Bank Ltd](https://www.sectoralpha.in/stocks/karnataka-bank-ltd) ₹11,284 crore
6. [DCB Bank Ltd](https://www.sectoralpha.in/stocks/dcb-bank-ltd) ₹6,206 crore
7. Dhanlaxmi Bank Ltd ₹1,234 crore

[All 18 Banks - Private companies, largest first](https://www.sectoralpha.in/sectors/banks-private#all-companies)

### Companies close in size in other industries

1. [Jay Bharat Maruti Ltd](https://www.sectoralpha.in/stocks/jay-bharat-maruti-ltd) ₹1,244 crore · Auto Ancillaries - Diversified
2. [Capital Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/capital-small-finance-bank-ltd) ₹1,236 crore · Banks - Small Finance
3. Dhanlaxmi Bank Ltd ₹1,234 crore
4. [Capacite Infraprojects Ltd](https://www.sectoralpha.in/stocks/capacite-infraprojects-ltd) ₹1,232 crore · Realty - Construction & Contracting
5. [Eimco Elecon (India) Ltd](https://www.sectoralpha.in/stocks/eimco-elecon-indialtd) ₹1,231 crore · Capital Goods - Engineering Heavy

## What else do people ask about Dhanlaxmi Bank? ### What were Dhanlaxmi Bank's latest quarterly results? Dhanlaxmi Bank Ltd reported total income of ₹471 Cr and net profit of ₹49.0 Cr for the Sep 2026 quarter. Income rose 22.7% and profit rose 113.0% compared with a year earlier. Earnings per share were ₹1.23. The net margin was 10.4%, 4.4 percentage points higher than a year earlier (as of 3 November 2026). ### What is Dhanlaxmi Bank's market cap? Dhanlaxmi Bank Ltd's market capitalisation is ₹1,231 Cr at a share price of ₹31.22. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Dhanlaxmi Bank performing? Dhanlaxmi Bank Ltd's share price has been rising for 25 weeks. In its latest quarter, income rose 22.7% and profit rose 113.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 5 weeks running (as of 3 November 2026). ### Will Dhanlaxmi Bank's share price go up? This page does not forecast Dhanlaxmi Bank Ltd's share price. What it shows instead: the share price is ₹31.22, and it has been rising for 25 weeks. Its P/BV of 0.8× is higher than 53% of its own last 11 years (as of 3 November 2026). ### Where is Dhanlaxmi Bank in its business cycle? Dhanlaxmi Bank Ltd's FY26 net margin was 6.4%, against a 13-year range of −19.5% to 6.7%: the middle of its own range, neither a peak nor a low. The latest quarter was 10.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Dhanlaxmi Bank story? The main question: yearly earnings per share moved +53.8% while the share price moved +17.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Dhanlaxmi Bank a stock worth studying right now? What the numbers show: Dhanlaxmi Bank Ltd's earnings have grown faster than its share price. Earnings per share grew +53.8% in a year while the price moved +17.9%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Dhanlaxmi Bank share price forecast for 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. What would change the story: 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. ## Lists

- Undervalued stocks: https://www.sectoralpha.in/markets/in/deep-value-stocks
- Penny stocks: https://www.sectoralpha.in/penny-stocks-india
- Bank stocks: https://www.sectoralpha.in/sectors/bank-stocks-india

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