Research Reports'Buy' DCB Bank Shares Says Motilal Oswal On Attractive Valuations, Sees 47% Upside
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'Buy' DCB Bank Shares Says Motilal Oswal On Attractive Valuations, Sees 47% Upside
Motilal Oswal finds DCB Bank's current valuations at 0.52x FY26E adjusted book value attractive for a potential RoA of ~1% and ~26% earnings CAGR estimated over FY25-27E.
DCB Bank is set to maintain a robust growth trajectory with its loan book projected to double over the next 3-4 years.
(Photo Source: Vijay Sartape /NDTV Profit)
DCB Bank has experienced a healthy recovery in loan growth over the past two years after reporting tepid trends over FY20-22. The bank continues to focus on granular retail loans with a retail mix (ex-Agri) at 65% of the overall portfolio.