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DCB BANK - IN DEPTH ANALYSISBUY - DCB BANK LTD CMP - Rs. 100 Target - 1: Rs. 123 Target - 2: Rs. 140 Target - 3: Rs. 160 . . Technicals - 1) Bullish Flag Pattern (Before Breakout) . . Fundamentals - DCB Bank Limited (NSE:DCBBANK) is a scheduled commercial bank that provides a range of banking and financial services to its customers. The bank operates in India and has a strong presence in the states of Maharashtra, Gujarat, Andhra Pradesh, and Karnataka. 1) Financial Performance: DCB Bank's financial performance has been consistently improving over the past few years. Its revenue grew at a CAGR of 13.6% from FY2017 to FY2021. However, the bank's profitability has been inconsistent, with net profit declining by 22.3% in FY2020 before recovering by 31.8% in FY2021. The bank's Return on Equity (ROE) has also been inconsistent, with a low of 4.2% in FY2020, and a high of 10.5% in FY2019. In Q3FY22, DCB Bank's net profit grew by 41% YoY and NII by 14% YoY. 2) Asset Quality: DCB Bank has maintained a relatively healthy asset quality, with gross non-performing assets (GNPA) ratio of 1.84% and net non-performing assets (NNPA) ratio of 0.54% as of December 31, 2021. The bank has also been proactive in recognizing and providing for bad loans. Its provision coverage ratio (PCR) stood at 83.84% as of December 31, 2021. 3) Capital Adequacy: DCB Bank has maintained a healthy capital adequacy ratio (CAR), which stood at 15.29% as of December 31, 2021. The bank has been raising capital through various means, including QIPs and the issuance of Tier-II bonds, to support its growth plans. 4) Valuation: DCB Bank is currently trading at a price-to-earnings (P/E) ratio of 21.7x, which is higher than the industry average of 16.7x. The bank's price-to-book (P/B) ratio of 1.7x is also higher than the industry average of 1.5x. However, the bank's dividend yield of 1.5% is higher than the industry average of 1.3%. 5) Growth prospects: DCB Bank has been expanding its branch network and digital capabilities to drive growth. The bank has a total of 345 branches and plans to add 20-25 new branches every year. The bank has also been focusing on building its digital capabilities and has launched various initiatives such as mobile banking, internet banking, and digital lending. The bank has set a target of achieving 25% of its total loans through digital channels by FY2024. In conclusion, DCB Bank has maintained healthy asset quality and capital adequacy and has been expanding its branch network and digital capabilities to drive growth. However, the bank's profitability has been inconsistent, and its valuations are higher than the industry average. Investors should keep these factors in mind before making an investment decision in DCB Bank. . . Follow me for more!
NSE:DCBBANKLong
by nilakshgupta
DCB Bank Long opportunityA good contender for a +50% return in a year. Reasons are as follows: 1. Covid Fall of DCB Bank has not been supplemented with volume. Hence, Most of the investors are still holding with conviction of rebound of value. 2. Recently breakout & did a retest on cup pattern 3. Even in the recent Bank Nifty fall of 4.8% (on Feb 26, 2021), DCB showed a good strength by falling just 1.2%. Disclaimer: Invest as per your own research, This is just for educational purpose!
NSE:DCBBANKLong
by IIMA_Brat
2
DCB Bank : Inverse Head & Shoulder Pattern#dcbbank #swingtrade #momentumtradeing #swingtrading #patterntrading DCB Bank : Breakout soon >> Inverse H&S pattern visible >> Good Volume & Strength in stock >> Good Relative Strength Swing Traders can lock 10% profit & keep trailling Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:DCBBANK
by moneyfesttrading