Buy Lakshmi Vilas Bank Ltd. target Rs 205: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Lakshmi Vilas Bank Ltd. with a target price of Rs 205. The current market price of Lakshmi Vilas Bank Ltd. is 188.3 Time period given by analyst is week when Lakshmi Vilas Bank Ltd. price can reach defined target. Prabhudas Lilladher recommended to keep stoploss at Rs 182.
Lakshmi Vilas Bank Ltd., incorporated in the year 1926, is a banking company (having a market cap of Rs 3632.70 Cr.).
Lakshmi Vilas Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 2038.27 Cr to Sales Value (79.36 per cent of Total Sales), Income From Investment which contributed Rs 519.40 Cr to Sales Value (20.22 per cent of Total Sales), Interest which contributed Rs 7.36 Cr to Sales Value (0.28 per cent of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 3.27 Cr to Sales Value (0.12 per cent of Total Sales)for the year ending 31-Mar-2016.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 640.19 Cr. (2.67 per cent of total assets) and Net Non Performing Assets (Net NPAs) of Rs 418.42 Cr. (1.76per cent of total assets). For the quarter ended 31-03-2017, the company has reported a Standalone Interest Income of Rs 553.75 Cr., down 1.58 per cent from last quarter Interest Income of Rs 562.66 Cr. and up 3.64 per cent from last year same quarter Interest Income of Rs 534.29 Cr. The bank has reported net profit after tax of Rs 52.16 Cr. in latest quarter.