Buy DCB Bank, target Rs 210: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on DCB Bank Ltd. with a target price of Rs 210. The current market price of DCB Bank Ltd. is Rs 187.6 Time period given by analyst is 2-3 weeks when DCB Bank Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 177. DCB Bank Ltd., incorporated in 1995, is a banking company with a market cap of Rs 5780.38 crore.

DCB Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 1940.27 Crore to Sales Value (80.40 % of Total Sales), Income From Investment which contributed Rs 420.79 Crore to Sales Value (17.43 % of Total Sales), Interest which contributed Rs 33.90 Crore to Sales Value (1.40 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 18.03 Crore to Sales Value (0.74 % of Total Sales)for the year ending 31-Mar-2018.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 369.03 Crore (1.79 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 146.72 Crore (.72% of total assets). For the quarter ended 31-03-2018, the company has reported a Standalone Interest Income of Rs 524.86 Crore, up 5.85 % from last quarter Interest Income of Rs 495.85 Crore and up 21.54 % from last year same quarter Interest Income of Rs 431.84 Crore. The bank has reported net profit after tax of Rs 64.21 Crore in latest quarter.