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Indbank Merchant Banking Services Limited INDBANK NSEFINANCIAL

Financial Services · Capital Markets · India
https://www.indbankonline.com
Company Profile ↓
₹28.58
-12.22% 1Y
Mkt Cap₹126.83 Cr
P/E17.75
P/B1.50
52W High₹45.95
52W Low₹28.58
Book Value₹22.25
EPS (TTM)₹1.61

Company Overview

Indbank Merchant Banking Services Limited engages in the provision of merchant banking, stock broking, depository participant, and allied services in India. The company offers merchant banking services for public issues, rights issues, private placement, acquisition of shares and takeovers, and employee stock option schemes/stock purchase scheme by corporates. It also provides advisory services for valuation of shares and other financial instruments, syndication of loans, acquisitions, and mergers and amalgamations, as well as for project counseling, appraisal, and feasibility studies. In addition, the company offers stock broking services in the cash, derivatives, and wholesale debt market segments for retail and institutional investors, as well as in cash management; online trading services; and e-services, as well as distributes mutual funds and other investment products. Indbank Merchant Banking Services Limited was incorporated in 1989 and is based in Chennai, India. Indbank Merchant Banking Services Limited is a subsidiary of Indian Bank.

Why Investors Should Care

Consistent Profit Growth

Net profit has compounded at 26.7% per year over the last five years.

Reasonable Valuation

Trades at a P/E of 17.8, below the sector median of 19.6.

Healthy Margins

Maintains a net profit margin of 39.2%.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.00.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Mar 2026 Revenue of ₹18.19 Cr (-9.5% YoY); net profit ₹7.12 Cr.
  • Trailing 12 Months Year-on-year growth — revenue -9.5%, earnings -15.8%.
  • 5-Year Trend Long-term compounding — revenue CAGR 4.6%, profit CAGR 26.7%.

Growth & Price Performance

Compounded Sales Growth

5 Years:4.57%
1 Year:-9.54%

Compounded Profit Growth

5 Years:26.71%
1 Year:-15.82%

Stock Price Performance

1 Year:-12.22%
6 Months:-12.60%
3 Months:-14.41%
1 Month:-11.41%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 0% of range
₹28.58 ₹45.95
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)22.56 · Oversold
Price Performance
1M-11.41%
3M-14.41%
6M-12.60%
1Y-12.22%
Valuation vs Sector

P/E of 17.75 is below the sector median of 19.62 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Excellent profit margin of 39.2%.
  • Profit CAGR of 26.7% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading 37.8% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).
  • RSI at 23 suggests oversold conditions.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
17.75
Industry PE
19.62
Forward P/E est.
21.09
PEG Ratio
-
Book Value
₹22.25
Price to Book
1.50
P/S
5.80
EV/EBITDA
14.06
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
4.57%
Profit 5Y
26.71%
Revenue (YoY)
-9.54%
Earnings (YoY)
-15.82%

Profitability & Returns

ROCE
8.03%
ROE
7.22%
ROA
5.79%
Profit Margin
39.17%
Op Margin
16.13%
Gross Margin
41.67%
EPS (Latest Qtr)
₹0.54
EPS (TTM)
₹1.61

Balance Sheet & Liquidity

Debt/Equity
0.00
Quick Ratio
205.44
Current Ratio
205.44
Debt
₹0
Total Assets
₹123.14 Cr
Current Assets
₹104.57 Cr
Working Capital
₹104.06 Cr

Ownership

Promoter Holding
68.24%
Chg in Prom Hold
-0.00%
FII / Inst Holding
0.00%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹126.83 Cr
Total Revenue (TTM)
₹18.19 Cr
EBITDA
₹10.08 Cr
Free Cash Flow
₹1.88 Cr
Operating Cash Flow
₹2.05 Cr
Shares Outstanding
₹4.44 Cr
Gross Margin
41.67%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 INDBANK Indbank Merchant Banking Services Limited NSEFINANCIAL 28.58 17.75 ₹126.83 Cr 0.00% 8.03% 7.22% 4.57% 26.71%
2 HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL 712.10 15.57 ₹10.96 L Cr 1.77% - 8.63% 16.90% 12.47%
3 ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL 1,423.20 19.03 ₹10.19 L Cr 0.82% - 14.93% 18.11% 16.78%
4 SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU 1,016.10 11.15 ₹9.38 L Cr 1.60% - 13.97% 12.19% 14.39%
5 BAJFINANCE Bajaj Finance Limited NIFTY50NSEAIFINANCIAL 1,060.50 34.76 ₹6.60 L Cr 0.47% - 16.68% 22.58% 18.23%
6 LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU 415.35 9.14 ₹5.25 L Cr 2.58% - 32.53% 7.26% 16.86%
7 KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL 424.50 21.89 ₹4.22 L Cr 0.16% - 10.64% 13.48% 8.92%
8 AXISBANK Axis Bank Limited NIFTY50NSEAIFINANCIAL 1,273.00 15.07 ₹3.96 L Cr 0.08% - 12.27% 12.16% 34.61%
9 BAJAJFINSV Bajaj Finserv Ltd. NIFTY50NSEAIFINANCIAL 1,970.00 32.30 ₹3.15 L Cr 0.06% - 12.58% 22.92% 15.16%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Dec 2025Mar 2026Jun 2026
Revenue 5.81 Cr3.70 Cr6.33 Cr6.14 Cr4.57 Cr6.52 Cr
Cost of Revenue 2.56 Cr2.50 Cr2.72 Cr2.39 Cr2.89 Cr2.70 Cr
Gross Profit 3.26 Cr1.19 Cr3.61 Cr3.75 Cr1.67 Cr3.82 Cr
Operating Expenses 1.03 Cr1.27 Cr1.08 Cr1.16 Cr1.35 Cr1.04 Cr
Operating Income 2.23 Cr-7.62 L2.53 Cr2.60 Cr32.68 L2.77 Cr
EBITDA 2.05 Cr1.65 Cr2.91 Cr2.66 Cr1.85 Cr3.16 Cr
Interest Expense 5.01 L3.59 L7.49 L1.65 L92,0001.03 L
Pretax Income 1.89 Cr1.52 Cr2.78 Cr2.58 Cr1.77 Cr3.08 Cr
Tax Provision 71.98 L38.28 L64.44 L66.53 L66.72 L70.84 L
Net Income 1.17 Cr1.14 Cr2.14 Cr1.92 Cr1.21 Cr2.38 Cr
Diluted EPS 0.260.260.480.430.270.54

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -15.91 Cr19.57 Cr20.11 Cr18.19 Cr
Cost of Revenue -7.79 Cr9.56 Cr10.55 Cr10.61 Cr
Gross Profit -8.11 Cr10.00 Cr9.56 Cr7.58 Cr
Operating Expenses -4.29 Cr3.45 Cr4.39 Cr4.65 Cr
Operating Income -3.82 Cr6.55 Cr5.17 Cr2.93 Cr
EBITDA -6.35 Cr12.10 Cr12.06 Cr10.08 Cr
Interest Expense -88.90 L7.13 L12.18 L18.73 L
Pretax Income -5.09 Cr11.65 Cr11.50 Cr9.65 Cr
Tax Provision -2.35 Cr3.61 Cr3.04 Cr2.64 Cr
Net Income -3.50 Cr9.00 Cr8.46 Cr7.12 Cr
Diluted EPS -0.792.031.911.61

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -97.38 Cr106.34 Cr118.09 Cr123.14 Cr
Current Assets -48.60 Cr80.09 Cr104.42 Cr104.57 Cr
Cash & Equivalents -4.82 Cr62.71 L1.15 Cr1.41 Cr
Inventory 0-000
Receivables -4.12 Cr4.58 Cr5.96 Cr6.38 Cr
Total Liabilities -22.88 Cr22.97 Cr26.44 Cr24.40 Cr
Current Liabilities -21.42 Cr21.43 Cr89.07 L50.90 L
Long Term Debt -0062,0000
Total Debt -2.79 Cr062,0000
Total Equity -74.51 Cr83.37 Cr91.65 Cr98.74 Cr
Shares Outstanding -4.44 Cr4.44 Cr4.44 Cr4.44 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow --5.30 Cr-1.16 Cr-7.07 L2.05 Cr
Investing Cash Flow --1.03 Cr-17.48 L56.16 L-1.45 Cr
Financing Cash Flow --88.90 L-7.13 L-12.18 L-18.73 L
Capital Expenditure --9.22 L-16.24 L-24.97 L-17.11 L
Free Cash Flow --5.39 Cr-1.32 Cr-32.04 L1.88 Cr
Net Change in Cash --7.22 Cr-1.40 Cr36.91 L41.41 L

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -51.0%51.1%47.5%41.7%
Operating Margin % -24.0%33.5%25.7%16.1%
Net Margin % -22.0%46.0%42.1%39.2%
ROE % -4.7%10.8%9.2%7.2%
ROCE % -5.0%7.7%4.4%2.4%

Shareholding Pattern

Insiders
68.24%
Institutions
0.00%
Public Float
0.00%

Analyst View

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Latest News

Recent headlines for INDBANK

Google News Wed, 01 Jul 2026

Indbank Merchant Banking: Stock Holds Steady Near Resistance Amid Low Volatility - TICK Divergence - vinanet.vn

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Google News Fri, 04 Sep 2026

Indian Bank Share Price Today,, INDIANB Share Price NSE, BSE - Business Today

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Google News Fri, 21 Aug 2026

Indbank (INDBANK.NS) Earnings Snapshot: The Report Supplies Updated Headline Figures for This Review; Share Response: The Stock Loses 0.06% in the Latest Reading - Revenue Recognition Risk - siam.in

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Google News Wed, 08 Jul 2026

South Indian Bank shares tumble 9% after four-day rise; RBI clears Mahesh Pai as MD & CEO - The Economic Times

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Google News ue, 25 Aug 2026

Indbank Merchant Banking sets Sep 17 as AGM record date - scanx.trade

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Google News Wed, 08 Jul 2026

South Indian Bank falls 10% amid market crash; RBI's 3-yr nod to new CEO - Business Standard

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INDBANK — Frequently Asked Questions

What is the current share price of Indbank Merchant Banking Services Limited (INDBANK)?

As of 2026-09-08 04:53 IST, Indbank Merchant Banking Services Limited (INDBANK) trades at ₹28.58 on NSE. Its 52-week range is ₹28.58 to ₹45.95.

What is the market capitalisation of INDBANK?

Indbank Merchant Banking Services Limited (INDBANK) has a market capitalisation of ₹126.83 Cr on NSE.

What is the P/E ratio of INDBANK?

INDBANK trades at a trailing price-to-earnings (P/E) ratio of 17.75. The industry average P/E is 19.62. Its price-to-book (P/B) ratio is 1.50.

What is the return on equity (ROE) of INDBANK?

INDBANK has a return on equity (ROE) of 7.22%. Its return on capital employed (ROCE) is 8.03%.

Is INDBANK a good stock to buy?

This page provides a data-driven analysis of Indbank Merchant Banking Services Limited (INDBANK), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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