Sell DCB Bank; target of Rs 90: Edelweiss

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26 Aug, 2025 12:21

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Edelweiss's research report on DCB BankDCB Bank is a modern emerging new generation private sector bank with 160 branches across 15 states and 2 union territories. It is a scheduled commercial bank regulated by the Reserve Bank of India. DCB Bank has contemporary technology and infrastructure including state of the art internet banking for personal as well as business banking customers. DCB Bank’s business segments are retail, micro-SMEs, SMEs, mid-Corporate, Agriculture, commodities, government, PSUs, Indian banks, co-operative banks and Non- Banking Finance Companies (NBFCs). DCB Bank has deep roots in India since its inception in 1930s. Its promoter and promoter group the Aga Khan Fund for Economic Development (AKFED) & Platinum Jubilee Investments Ltd holds ~16% stake. AKFED is an international development enterprise. It is dedicated to promoting entrepreneurship and building economically sound companiesDCB has posted remarkable turnaround, but the sudden change in strategy will strain return ratios (RoE <10% by FY17). While we are confident about strong management, execution risks remain high given many variables. We prune our FY16/FY17E earnings by 21%/45% and downgrade to ‘REDUCE/SU’ from ‘BUY/SO’For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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