---
title: "Lakshmi Vilas Bank Ltd(Merged) (LAKSHVILAS) — Share Price, Financials & Analysis"
symbol: "LAKSHVILAS"
company: "Lakshmi Vilas Bank Ltd(Merged)"
canonical: "https://tapetide.com/stocks/LAKSHVILAS"
generated_at: "2026-10-13T11:01:21.911Z"
---

# Lakshmi Vilas Bank Ltd(Merged) (LAKSHVILAS)

Canonical page: https://tapetide.com/stocks/LAKSHVILAS

## Company

- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** lvbank.com

## About

Lakshmi Vilas Bank is engaged in the business of Banking.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.36 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -0.07% over past five years.
- Company has a low return on equity of -39.2% over last 3 years.
- Contingent liabilities of Rs.8,501 Cr.
- Earnings include an other income of Rs.411 Cr.
- Working capital days have increased from 130 days to 251 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 39% | — | — |
| revenue growth | -30% | -8% | 0% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 790 | 703 | 727 | 729 | 701 | 682 | 624 | 607 | 520 | 455 | 442 | 420 |
| Expenses | 286 | 1149 | 345 | 399 | 656 | 698 | 414 | 525 | 526 | 476 | 299 | 551 |
| Operating Profit | 504 | -447 | 382 | 330 | 45 | -15 | 210 | 82 | -5 | -21 | 143 | -131 |
| OPM % | 64 | -64 | 52 | 45 | 6 | -2.2 | 34 | 14 | -1 | -4.7 | 32 | -31 |
| Other Income | 27 | 38 | 61 | 71 | 61 | 57 | 53 | 58 | 65 | 175 | 96 | 74 |
| Interest | 570 | 582 | 597 | 578 | 563 | 542 | 500 | 498 | 394 | 386 | 352 | 341 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -39 | -991 | -155 | -177 | -456 | -500 | -237 | -357 | -334 | -233 | -112 | -397 |
| Tax % | 0 | -37 | -20 | -25 | -18 | -47 | 0 | 0 | 0 | -140 | 0 | 0 |
| Net Profit | -39 | -622 | -124 | -132 | -373 | -264 | -237 | -357 | -334 | 93 | -112 | -397 |
| EPS in Rs | -1.53 | -24.31 | -4.84 | -5.17 | -14.59 | -8.27 | -7.42 | -10.61 | -9.93 | 2.76 | -3.33 | -11.79 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1519 | 1761 | 1984 | 2215 | 2568 | 2847 | 3042 | 2840 | 2207 | 1838 |
| Expenses | 380 | 426 | 649 | 607 | 701 | 857 | 2029 | 2032 | 1858 | 1853 |
| Operating Profit | 1140 | 1335 | 1335 | 1608 | 1867 | 1989 | 1012 | 808 | 348 | -15 |
| OPM % | 75 | 76 | 67 | 73 | 73 | 70 | 33 | 28 | 16 | -0.8 |
| Other Income | 158 | 197 | 204 | 284 | 305 | 503 | 347 | 250 | 351 | 411 |
| Interest | 1148 | 1369 | 1498 | 1688 | 1923 | 2064 | 2251 | 2280 | 1779 | 1473 |
| Depreciation | 24 | 25 | 24 | 16 | 38 | 48 | 59 | 67 | 83 | 0 |
| Profit before tax | 126 | 138 | 17 | 188 | 211 | 380 | -951 | -1289 | -1162 | -1077 |
| Tax % | 15 | 34 | -241 | 30 | 15 | 33 | -38 | -31 | -28 | — |
| Net Profit | 107 | 92 | 60 | 132 | 180 | 256 | -585 | -894 | -836 | -751 |
| EPS in Rs | 4.49 | 3.84 | 2.5 | 5.54 | 7.53 | 10.03 | -22.85 | -27.95 | -24.83 | -22.29 |
| Dividend Payout % | 32 | 32 | 16 | 27 | 30 | 20 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 98 | 98 | 98 | 179 | 179 | 191 | 256 | 320 | 337 | 337 |
| Reserves | 861 | 917 | 956 | 1377 | 1584 | 1945 | 2072 | 1573 | 893 | 383 |
| Borrowings | 14694 | 16099 | 19031 | 22422 | 26154 | 32326 | 37322 | 30201 | 22199 | 22053 |
| Other Liabilities | 488 | 536 | 548 | 708 | 753 | 782 | 779 | 953 | 993 | 896 |
| Total Liabilities | 16140 | 17650 | 20633 | 24687 | 28670 | 35245 | 40429 | 33046 | 24422 | 23669 |
| Fixed Assets | 189 | 190 | 201 | 243 | 367 | 359 | 402 | 470 | 459 | 459 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 |
| Investments | 4395 | 4325 | 5689 | 6051 | 6545 | 8652 | 10768 | 8430 | 5384 | 5497 |
| Other Assets | 11556 | 13135 | 14744 | 18392 | 21758 | 26234 | 29259 | 24146 | 18574 | 17713 |
| Total Assets | 16140 | 17650 | 20633 | 24687 | 28670 | 35245 | 40429 | 33046 | 24422 | 23669 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 281 | -360 | 86 | 504 | -335 | 111 | 227 | -132 | -171 | -425 |
| Cash from Investing Activity | -53 | -35 | -28 | -36 | -59 | -67 | -40 | -102 | -117 | -77 |
| Cash from Financing Activity | -36 | 216 | -33 | -29 | 401 | 7 | 68 | 625 | 442 | 173 |
| Net Cash Flow | 193 | -180 | 25 | 440 | 7 | 50 | 255 | 391 | 154 | -329 |
| Free Cash Flow | 229 | -396 | 59 | 468 | -394 | 43 | 187 | -234 | -288 | -502 |
| CFO/OP | 43 | -32 | 6 | 38 | -21 | 6 | 11 | -13 | -21 | -122 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | 10 | 13 | 29 | 10 | 19 | 3 | 26 | 66 | 74 | 251 |
| ROCE % | 7 | 9 | 9 | 8 | 9 | 8 | 8 | 4 | 3 | 2 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 9.05% | 8.99% | 7.11% | 6.8% | 6.8% |
| FIIs | 4.94% | 6.64% | 16.56% | 11.11% | 8.65% |
| DIIs | 2.48% | 3.68% | 3.3% | 6.84% | 6.82% |
| Government | 0% | 0.16% | 0.16% | 0.17% | 0.17% |
| Public | 83.53% | 80.52% | 72.87% | 75.08% | 77.56% |
| No. of Shareholders | 72620 | 86895 | 83519 | 89760 | 98002 |

### Quarterly

| Category | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 9.02% | 8.99% | 8.98% | 8.8% | 8.88% | 7.11% | 7.11% | 6.81% | 6.78% | 6.8% | 6.8% | 6.8% |
| FIIs | 6.86% | 6.64% | 5.28% | 5.09% | 4.38% | 16.56% | 16.45% | 12.25% | 11.55% | 11.11% | 10.45% | 8.65% |
| DIIs | 3.7% | 3.68% | 3.56% | 3.59% | 3.71% | 3.3% | 3.2% | 7.37% | 6.86% | 6.84% | 6.82% | 6.82% |
| Government | 0.22% | 0.16% | 0.16% | 0.16% | 0.2% | 0.16% | 0% | 0.15% | 0.17% | 0.17% | 0.17% | 0.17% |
| Public | 80.2% | 80.52% | 82.02% | 82.35% | 82.83% | 72.87% | 73.24% | 73.41% | 74.63% | 75.08% | 75.75% | 77.56% |
| No. of Shareholders | 84431 | 86895 | 84987 | 83815 | 81759 | 83519 | 90138 | 91173 | 85980 | 89760 | 92407 | 98002 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 2 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1.3 | Sell |
| EMA (10) | 1.26 | Sell |
| SMA (20) | 1.38 | Sell |
| EMA (20) | 1.4 | Sell |
| SMA (50) | 1.74 | Sell |
| EMA (50) | 1.71 | Sell |
| SMA (100) | 2.24 | Sell |
| EMA (100) | 2.07 | Sell |
| SMA (200) | 2.52 | Sell |
| EMA (200) | 2.57 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 23.02 | Buy |
| MACD (12,26,9) | -0.18 | Sell |
| Stochastic (14,3,3) | 0 | Buy |
| ADX (14) | 40.63 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 0.09 | High Volatility |
| ROC (12) | -18.66 | Sell |
| Stoch RSI (14) | 22 | Neutral |
| UO (7,14,28) | 24.01 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2020-11-26 | [The Lakshmi Vilas Bank Limited (Amalgamation With DBS Bank India Limited) Scheme, 2020 Ref: Gazette Notification By Government Of India Informed By Bank On 25.11.2020.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0a8ef808-50ec-483d-bb39-4c331f6ca5c1.pdf) |
| 2020-11-26 | [The Lakshmi Vilas Bank Limited (Amalgamation With DBS Bank India Limited) Scheme, 2020 Ref: Bank'S Intimation To Stock Exchange Dated 26.11.2020 Vide Ref/Sec/205 & 266/128/2020-2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=342f42e1-fea4-42c7-bec0-147d69050406.pdf) |
| 2020-11-26 | [The Lakshmi Vilas Bank Limited (Amalgamation With DBS Bank India Limited) Scheme, 2020 Ref: Gazette Notification By Government Of India Informed By Bank On 25.11.2020.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0a8ef808-50ec-483d-bb39-4c331f6ca5c1.pdf) |
| 2020-11-26 | [The Lakshmi Vilas Bank Limited (Amalgamation With DBS Bank India Limited) Scheme, 2020 Ref: Bank'S Intimation To Stock Exchange Dated 26.11.2020 Vide Ref/Sec/205 & 266/128/2020-2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/342f42e1-fea4-42c7-bec0-147d69050406.pdf) |
| 2020-11-25 | [Lakshmi Vilas Bank Limited (Amalgamation With DBS Bank India Limited) Scheme, 2020 (Intimation Under Regulation 30 Of SEBI LODR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=719eccd4-f275-448f-9154-39d390e60aa8.pdf) |
| 2020-11-25 | [The Lakshmi Vilas Bank Ltd. Branches To Operate As DBS Bank India Ltd. Branches From November 27, 2020 Ref: Gazette Notification By Government Of India Informed By Bank On 25.11.2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36a66672-50fd-4829-97fc-c1018e717000.pdf) |
| 2020-11-25 | [Lakshmi Vilas Bank Limited (Amalgamation With DBS Bank India Limited) Scheme, 2020 (Intimation Under Regulation 30 Of SEBI LODR)](https://www.bseindia.com/xml-data/corpfiling/AttachHis/719eccd4-f275-448f-9154-39d390e60aa8.pdf) |
| 2020-11-25 | [The Lakshmi Vilas Bank Ltd. Branches To Operate As DBS Bank India Ltd. Branches From November 27, 2020 Ref: Gazette Notification By Government Of India Informed By Bank On 25.11.2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/36a66672-50fd-4829-97fc-c1018e717000.pdf) |
| 2020-11-20 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e40df5a8-8b57-48bf-b435-a034129f811c.pdf) |
| 2020-11-20 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e40df5a8-8b57-48bf-b435-a034129f811c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/534690/65417534690.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/534690/5346900319.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/534690/5346900318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/534690/5346900317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/534690/5346900316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/534690/5346900315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/534690/5346900314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/534690/5346900313.pdf) |
| 2013 | [Annual Report 2013](https://archives.nseindia.com/annual_reports/AR_1174_LAKSHVILAS_2012_2013_29082013155932.zip) |
| 2012 | [Annual Report 2012](https://archives.nseindia.com/annual_reports/AR_LAKSHVILAS_2011_2012_18092012100912.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2020 | Concall - Feb 2020 |
| Feb 2018 | [Concall - Feb 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8f6079c8-5655-4f35-88fc-fb5e55587876.pdf) |
| Jul 2016 | [Concall - Jul 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6F8CA368_A671_4C61_905F_8E5D5DB8A993_165133.pdf) |
| Jan 2016 | [Concall - Jan 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=A817941A_0568_4756_AA4E_7B74B4F8C37E_122224.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2020-11-27 | Credit rating update — CARE Ratings |
| 2020-11-20 | Credit rating update — CARE Ratings |
| 2020-10-09 | Credit rating update — CARE Ratings |
| 2019-10-11 | Credit rating update — CARE Ratings |
| 2019-09-10 | Credit rating update — CARE Ratings |
| 2019-04-12 | Credit rating update — CARE Ratings |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:21.911Z.