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DCBBANK Consensus Forecast

No. of reports in last year
9
No. of analysts
6
Average Consensus Forecast
222
Consensus Potential
62.14%

DCBBANK Price Target Potential

BrokerageTargetPotential
HDFC Securities24966.65%
Cholamandalam Securities21861.90%
Nirmal Bang18755.59%
Axis Direct21361.01%
ICICIdirect.com22062.25%

DCBBANK Targets in FrontPage Forums

1 Users have submitted 1 trade ideas of Rs. 83.7 for DCBBANK
0% Bullish
100% Bearish
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DCBBANK Ratings

Long term DCBBANK rating by FrontPage users
4.3/5 (6 Ratings)

9 DCBBANK share price target reports by brokerages below. See what is analyst's view on DCBBANK share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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DCBBANK Share Price Target

DCBBANK Share Price Target - Broker Reports - 2020

28-Jan-20
Price @ Call: 181.85
Target: 249
BUY
DCBB reported an in-line qtr and overall performance was lackluster (asset quality deterioration and slowing growth). Better cost control and a slight margin uptick were positives. MAINTAIN BUY with a TP of Rs 249.Our estimates remain largely unchanged, even after DCBB’s soft performance over 3QFY20. We model a considerable improvement in credit growth and operating efficiency beyond FY20E. These reflect our confidence in the bank’s calibrated approach to growth. We expect oplev to be the biggest driver of return ratio improvement. DCBB stands to gain from an uptick in economic activity and a sustained downturn will pose a significant risk to our estimates.
... Read more
28-Jan-20
Price @ Call: 181.85
Target: 218
BUY
We believe that a healthy growth in advances, maturing branch network and well diversified loan portfolio is likely to drive earnings growth. In addition, improvements in C/I and leaning the loan mix to lesser risk assets are expected to bode well for the bank. DCB trades at 1.4X FY21E P/ABV and 13.3X FY21E PE. We continue to rate the stock a BUY with a target price of INR 218, assigning a FY21E P/ABV of 1.7X. Risks: Delayed breakeven of branches; slower rise in fee income, continued pressure on yields going forward, increase in stress in CV segment.
... Read more
28-Jan-20
Price @ Call: 181.85
Target: 187
ACCUMULATE
We have revised our NII estimates by -2.1%/-7.7%/-8.5%, PPOP estimates by - 3.8%/-7.1%/-7.7% and PAT estimates by -8.9/-7.5%/-8.0% for FY20/FY21/FY22, respectively. We have retained Accumulate rating (neutral stance) on DBL, revising our target price to Rs187 (from Rs200 earlier) and valuing the stock at 1.4xH1FY22E P/BV.
... Read more
13-Jan-20
Price @ Call: 186.55
Target: 213
BUY
Positive outlook on conservative approach, stable margins and cost controls: DCBB has transformed itself into a strong retail franchise over the past years with focus on secured and granular business. It has done a successful shift from consolidation to growth and investment. DCBB chose to create a niche in self-employed segment, which has relatively limited competition enabling the bank to improve its NIMs significantly. We believe DCBB’s comparatively conservative approach towards lending will help the bank tide over the loan growth slowdown and slippage concerns in the near-term. We recommend a BUY with TP of Rs. 213.
... Read more

DCBBANK Share Price Target - Broker Reports - 2019

22-Oct-19
Price @ Call: 177.22
Target: 187
ACCUMULATE
DCB Bank (DBL) reported 2QFY20 results with the key pointers being: (1) Loan growth continued to be weak at 12% YoY with de-growth in corporate loans and tepid growth in a variety of small-ticket loans (2) While NIM was stable QoQ at 3.67%, the absolute level is on the lower side (3) Core fee income grew slowly at 3% YoY. Opex control, however, was relatively better with total opex rising 10% YoY (4) Fresh slippages, at Rs 1.61bn, were elevated compared with FY19 quarterly average of Rs 1.04bn but is still not, relatively, a major concern. (See detailed conference call takeaways on page 2 for significant incremental colour). Per se, on the key P&L items, DBL posted NII growth of 11% YoY at Rs3,134mn, PPOP growth of 26% YoY at Rs1,845mn and PAT growth of 25% YoY at Rs914mn. We have revised our estimates for FY20/FY21/FY22 and retained Accumulate rating (neutral stance) on DBL, revising our target price to Rs187 (from Rs205 earlier) and valuing the stock at 1.3x H1FY22E P/BV.
... Read more
22-Oct-19
Price @ Call: 177.22
Target: 220
BUY
Despite a weak quarter and muted outlook for the next two quarters, DCB is poised to maintain its long term growth path. Further, focus on risk adjusted growth coupled with improvement in CI ratio is expected to improve earnings at 26% CAGR for FY19-21E, return ratios to ~1.2% & RoE to ~15% by FY21E. Therefore, we maintain our BUY recommendation and revise our target price downward to Rs 220 (earlier Rs 260), valuing it at ~2.0x FY21E ABV.
... Read more
19-Jul-19
Price @ Call: 201.05
Target: 218
HOLD
We like DCB Bank due to its granular loan book, risk adjusted growth approach and steady NIMs profile. However, we expect some headwinds in the near term on its growth, margin and asset quality front. Moderation in credit growth/NIMs coupled with asset quality stress could weigh on its return ratios. We have valued the stock at 1.8(x) to its FY21E ABV and arrived at a fair value of Rs 218 per share, giving a potential upside of 9%. We downgrade the stock to ‘HOLD’ with a revised TP of Rs 218.
... Read more
18-Jul-19
Price @ Call: 199.65
Target: 250
BUY
DCB Bank has maintained its long term growth path. Focus on risk adjusted growth, steady margins and improvement in CI ratio are expected to lead to an improvement in earnings at 23.5% CAGR, return ratio of ~1.1% and RoE of ~15% by FY21E. Therefore, we reiterate our positive stance and maintain our target price of Rs 250 valuing at 2.2x FY21E ABV. Recommend BUY.
... Read more
17-Jul-19
Price @ Call: 238.8
Target: 256
ACCUMULATE
We have revised our estimates for FY20/FY21 and downgraded DBL to Accumulate on slower growth, margin pressure and tepid core fee income traction, revising our target price to Rs256 (from Rs278 earlier) and valuing the stock at 1.8x FY21E P/BV.
... Read more
12-Jul-19
Price @ Call: 241.25
Target: 276
BUY
24-Apr-19
Price @ Call: 207.05
Target: 247
HOLD
We believe that healthy loan book growth, branch expansion and well-maintained asset quality paint a positive picture for the bank going forward. In addition, improvements in C/I due to concentrated effort from
management to improve its efficiency and focus on small ticket loans are expected to result in strong RoE expansion. DCB trades at 1.5X FY21E P/ABV and 9.4X FY21E EPS. We rate the stock a BUY with a target price of INR 247, assigning a FY21E P/ABV of 1.8X.
... Read more
23-Apr-19
Price @ Call: 207.55
Target: 242
BUY
DCB achieving its medium term guidance of 1% ROA and <54% C/ I ratio post heavy branch expansion plan in FY16 despite macro challenges (Demon & GST) is creditable. We believe improvement in productivity and fee income should drive return ratios going ahead. We have factored in an equity infusion of INR 4050mn at 225 per share in the beginning of FY21E in our model. We believe higher earnings growth to continue (30% CAGR for FY19-21E), resulting in ROA/ROE improvement from 1.0%/11% in FY19 to 1.2%/ 14.0% in FY21E. Maintain BUY with a target of INR 242, valuing the bank at 1.8x P/BV of FY21E BV of INR 135. Currently, the stock trades at 1.8x / 1.5x FY20E / 21E P/BV respectively.
... Read more
23-Apr-19
Price @ Call: 207.55
Target: 232
ACCUMULATE
DCB bank delivered strong numbers during the quarter with 50% jump in net profit of Rs 96 cr (in-line with our estimate), driven by moderating operating expenses and lower provisioning. PPoP grew by 31% to Rs 185 cr, due to high other income and controlled OPEX. Loan growth of the bank lowered in FY19 due to de-growth in corporate book. Loan book for the year FY19 grew by 16% YoY to Rs 23,568 cr. NII for the quarter grew by 14% YoY to Rs 301 cr (our estimate: Rs 295 cr). OPEX grew by 4% YoY while it was flat on QoQ basis to Rs 215 cr, due to slower branch addition and improving productivity leading to improvement in Cost to Income ratio. CI ratio declined by 151 bps QoQ to 53.71% (multi quarter low).
... Read more
23-Apr-19
Price @ Call: 207.55
Target: 230
BUY
The Bank’s ability to strengthen its non-fund based core income could trigger re-rating of the stock, in our view. With FY21E RoA/RoE at 1.3%/16%, the stock currently trades at 1.7x FY21E. Our earnings estimates have been revised lower marginally, factoring in slightly lower loan growth expectations. Return ratios are nonetheless slightly higher on improved capital consumption. We maintain our BUY recommendation on the stock with an unrevised Target Price of Rs230 (based on 2.0x FY21E adjusted book value).
... Read more
23-Apr-19
Price @ Call: 207.55
Target: 250
BUY
We have revised our NII estimates by -1.6%/-2.2%, PPOP estimates by 0.1%/0.2% and PAT estimates by 0.1%/0.1% for FY20/FY21, respectively. We upgrade DBL to Buy on rapid and sustained improvement in opex control, revising our target price to Rs250 (from Rs223 earlier), valuing the stock at 1.7x FY21E P/BV.
... Read more
22-Apr-19
Price @ Call: 207.63
Target: 250
BUY
DCBB has successfully executed its strategy of branch expansion, small-ticket-size, secured granular lending to self-employed customers, and scaling of retail liabilities. We expect loan growth (24% CAGR over FY19-21) to stay ahead of system loan growth and credit cost to remain stable due to high proportion of secured loans. With incremental branch expansion moderating, the C/I ratio is estimated to improve to 50% by FY21, driving RoA/RoE to 1.2%/16.2% by FY21. We roll forward our estimates to FY21 and revise our TP to INR250 (2.0x FY21E ABV). Upgrading our rating to Buy from Neutral.
... Read more
19-Apr-19
Price @ Call: 200.73
Target: 250
BUY
4QFY19 marked the fulfillment of dual commitments by DCBB, viz. (1) Achievement of 1% RoAA in FY19A, (2) A meaningful improvement in operating efficiency (C-I ratio lowest in 20 qtrs). We maintain BUY with a TP of Rs 228 (2x FY21E ABV of Rs 114). Despite macro challenges (Demon and GST), DCBB fulfilled its almost prophetic guidance of 1% RoAA. While loan growth disappointed in 4QFY19 (16%), stable margins, improving op-lev and asset quality impressed. With its core growth engine intact, we believe DCBB has the potential to grow at faster rates. Upgrade earnings by ~12/16% for FY20/21E. A significant improvement in resulting efficiencies (anticipated) drives up our RoAA estimate to ~1.2% by FY21E.
... Read more
19-Apr-19
Price @ Call: 200.73
Target: 228
BUY
4QFY19 marked the fulfillment of dual commitments by DCBB, viz. (1) Achievement of 1% RoAA in FY19A, (2) A meaningful improvement in operating efficiency (C-I ratio lowest in 20 qtrs). We maintain BUY with a TP of Rs 228 (2x FY21E ABV of Rs 114). Despite macro challenges (Demon and GST), DCBB fulfilled its almost prophetic guidance of 1% RoAA. While loan growth disappointed in 4QFY19 (16%), stable margins, improving op-lev and asset quality impressed. With its core growth engine intact, we believe DCBB has the potential to grow at faster rates. Upgrade earnings by ~12/16% for FY20/21E. A significant improvement in resulting efficiencies (anticipated) drives up our RoAA estimate to ~1.2% by FY21E.
... Read more
21-Jan-19
Price @ Call: 181.87
Target: 244
BUY
18-Jan-19
Price @ Call: 186.15
Target: 218
BUY
18-Jan-19
Price @ Call: 186.15
Target: 202
BUY
18-Jan-19
Price @ Call: 186.15
Target: 208
ACCUMULATE
18-Jan-19
Price @ Call: 186.15
Target: 213
BUY
17-Jan-19
Price @ Call: 181.5
Target: 210
BUY
17-Jan-19
Price @ Call: 181.5
Target: 211
HOLD
17-Jan-19
Price @ Call: 181.5
Target: 210
BUY

DCBBANK Share Price Target - Broker Reports - 2018

22-Oct-18
Price @ Call: 154.93
Target: 223
BUY
22-Oct-18
Price @ Call: 154.93
Target: 200
BUY
22-Oct-18
Price @ Call: 158.45
Target: 170
HOLD
20-Oct-18
Price @ Call: 158.65
Target: 209
BUY
20-Oct-18
Price @ Call: 158.65
Target: 205
BUY
20-Oct-18
Price @ Call: 158.65
Target: 207
BUY
23-Jul-18
Price @ Call: 157.96
Target: 200
HOLD
17-Jul-18
Price @ Call: 161.6
Target: 175
HOLD
17-Jul-18
Price @ Call: 161.6
Target: 215
BUY
17-Jul-18
Price @ Call: 161.6
Target: 223
BUY
17-Jul-18
Price @ Call: 161.6
Target: 170
HOLD
17-Jul-18
Price @ Call: 161.6
Target: 235
BUY
17-Jul-18
Price @ Call: 161.6
Target: 216
BUY
17-Jul-18
Price @ Call: 161.6
Target: 207
HOLD
17-Jul-18
Price @ Call: 161.6
Target: 170
NEUTRAL
19-Apr-18
Price @ Call: 196.4
Target: 223
BUY
17-Apr-18
Price @ Call: 189.55
Target: 216
BUY
17-Apr-18
Price @ Call: 189.55
Target: 227
HOLD
17-Apr-18
Price @ Call: 189.55
Target: 223
BUY
17-Apr-18
Price @ Call: 189.55
Target: 247
BUY
17-Apr-18
Price @ Call: 189.55
Target: 207
HOLD
19-Jan-18
Price @ Call: 187.13
Target: 215
BUY
19-Jan-18
Price @ Call: 187.13
Target: 196
HOLD
19-Jan-18
Price @ Call: 184.2
Target: 207
HOLD

DCBBANK Share Price Target - Broker Reports - 2017

15-Dec-17
Price @ Call: 186.4
Target: 223
BUY
23-Oct-17
Price @ Call: 177.9
Target: 200
HOLD
23-Oct-17
Price @ Call: 177.9
Target: 200
HOLD
23-Oct-17
Price @ Call: 177.9
Target: 200
HOLD
17-Oct-17
Price @ Call: 183.93
Target: 197
BUY
26-Sep-17
Price @ Call: 183.15
Target: 218
BUY
20-Jul-17
Price @ Call: 194
Target: 240
BUY
18-Jul-17
Price @ Call: 198
Target: 223
BUY
18-Jul-17
Price @ Call: 199
Target: 218
HOLD
18-May-17
Price @ Call: 197
Target: 221
BUY
18-Apr-17
Price @ Call: 173
Target: 197
BUY
20-Apr-17
Price @ Call: 176
Target: 220
BUY
18-Apr-17
Price @ Call: 173.25
Target: 190
ADD
10-Feb-17
Price @ Call: 137
Target: 171
BUY
17-Jan-17
Price @ Call: 121
Target: 161
BUY
16-Jan-17
Price @ Call: 121
Target: 140
BUY
17-Jan-17
Price @ Call: 121
Target: 143
BUY
17-Jan-17
Price @ Call: 121
Target: 129
HOLD
16-Jan-17
Price @ Call: 122.1
Target: 140
ADD

DCBBANK Share Price Target - Broker Reports - 2016

20-Apr-16
Price @ Call: 88
Target: 100
BUY
15-Oct-16
Price @ Call: 122
Target: 141
ACCUMULATE
17-Oct-16
Price @ Call: 122
Target: 109
REDUCE
20-Jun-16
Price @ Call: 97.5
Target: 122.5
HOLD
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  • DCBBANK Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 386.03
    Upside Target 285.27
    Upside Target 184.03
    Pivot83.27
    Downside Target 182.03
    Downside Target 281.27
    Downside Target 380.03
  • DCBBANK Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 397.47
    Upside Target 293.38
    Upside Target 188.22
    Pivot84.13
    Downside Target 178.97
    Downside Target 274.88
    Downside Target 369.72
  • DCBBANK Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3114.72
    Upside Target 2101.73
    Upside Target 188.72
    Pivot75.73
    Downside Target 162.72
    Downside Target 249.73
    Downside Target 336.72
  • DCBBANK Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 385.27
    Upside Target 284.5
    Upside Target 184.03
    Pivot83.27
    Downside Target 182.5
    Downside Target 282.03
    Downside Target 381.27
  • DCBBANK Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 393.38
    Upside Target 289.85
    Upside Target 187.67
    Pivot84.13
    Downside Target 180.6
    Downside Target 278.42
    Downside Target 374.88
  • DCBBANK Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3101.73
    Upside Target 291.8
    Upside Target 185.67
    Pivot75.73
    Downside Target 165.8
    Downside Target 259.67
    Downside Target 349.73
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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