Indbank Merchant Banking Services Limited INDBANK NSEFINANCIAL
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
Net profit has compounded at 26.7% per year over the last five years.
Maintains a net profit margin of 39.2%.
Carries low leverage with a debt-to-equity ratio of 0.00.
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: | -3.90% |
| 6 Months: | -7.40% |
| 3 Months: | -3.37% |
| 1 Month: | -0.65% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)48.81 · Neutral
P/E of 20.83 is above the sector median of 19.81 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
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 27.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | INDBANK Indbank Merchant Banking Services Limited NSEFINANCIAL | 33.54 | 20.83 | ₹148.84 Cr | 0.00% | 8.03% | 7.22% | 4.57% | 26.71% |
| 2 | HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL | 815.55 | 16.51 | ₹12.48 L Cr | 1.58% | - | 13.62% | 32.50% | 20.39% |
| 3 | ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL | 1,423.10 | 19.03 | ₹10.19 L Cr | 0.86% | - | 14.93% | 19.65% | 16.78% |
| 4 | SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU | 1,031.00 | 11.31 | ₹9.52 L Cr | 1.67% | - | 13.97% | 12.19% | 14.39% |
| 5 | BAJFINANCE Bajaj Finance Limited NIFTY50NSEAIFINANCIAL | 1,032.90 | 33.85 | ₹6.43 L Cr | 0.53% | - | 16.68% | 22.58% | 18.23% |
| 6 | LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU | 443.80 | 9.77 | ₹5.61 L Cr | 2.26% | - | 32.53% | 7.26% | 16.86% |
| 7 | AXISBANK Axis Bank Limited NIFTY50NSEAIFINANCIAL | 1,340.20 | 15.86 | ₹4.17 L Cr | 0.08% | - | 12.27% | 12.16% | 34.61% |
| 8 | KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL | 381.30 | 19.66 | ₹3.79 L Cr | 0.17% | - | 10.64% | 13.48% | 8.92% |
| 9 | BAJAJFINSV Bajaj Finserv Ltd. NIFTY50NSEAIFINANCIAL | 1,887.10 | 34.31 | ₹3.02 L Cr | 0.07% | - | 12.58% | 22.92% | 15.16% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 5.81 Cr | 3.70 Cr | 6.33 Cr | 6.14 Cr | 4.57 Cr | 6.52 Cr |
| Cost of Revenue | 2.56 Cr | 2.50 Cr | 2.72 Cr | 2.39 Cr | 2.89 Cr | 2.70 Cr |
| Gross Profit | 3.26 Cr | 1.19 Cr | 3.61 Cr | 3.75 Cr | 1.67 Cr | 3.82 Cr |
| Operating Expenses | 1.03 Cr | 1.27 Cr | 1.08 Cr | 1.16 Cr | 1.35 Cr | 1.04 Cr |
| Operating Income | 2.23 Cr | -7.62 L | 2.53 Cr | 2.60 Cr | 32.68 L | 2.77 Cr |
| EBITDA | 2.05 Cr | 1.65 Cr | 2.91 Cr | 2.66 Cr | 1.85 Cr | 3.16 Cr |
| Interest Expense | 5.01 L | 3.59 L | 7.49 L | 1.65 L | 92,000 | 1.03 L |
| Pretax Income | 1.89 Cr | 1.52 Cr | 2.78 Cr | 2.58 Cr | 1.77 Cr | 3.08 Cr |
| Tax Provision | 71.98 L | 38.28 L | 64.44 L | 66.53 L | 66.72 L | 70.84 L |
| Net Income | 1.17 Cr | 1.14 Cr | 2.14 Cr | 1.92 Cr | 1.21 Cr | 2.38 Cr |
| Diluted EPS | 0.26 | 0.26 | 0.48 | 0.43 | 0.27 | 0.54 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 15.91 Cr | 19.57 Cr | 20.11 Cr | 18.19 Cr |
| Cost of Revenue | - | 7.79 Cr | 9.56 Cr | 10.55 Cr | 10.61 Cr |
| Gross Profit | - | 8.11 Cr | 10.00 Cr | 9.56 Cr | 7.58 Cr |
| Operating Expenses | - | 4.29 Cr | 3.45 Cr | 4.39 Cr | 4.65 Cr |
| Operating Income | - | 3.82 Cr | 6.55 Cr | 5.17 Cr | 2.93 Cr |
| EBITDA | - | 6.35 Cr | 12.10 Cr | 12.06 Cr | 10.08 Cr |
| Interest Expense | - | 88.90 L | 7.15 L | 12.18 L | 18.73 L |
| Pretax Income | - | 5.09 Cr | 11.65 Cr | 11.50 Cr | 9.65 Cr |
| Tax Provision | - | 2.35 Cr | 3.61 Cr | 3.04 Cr | 2.64 Cr |
| Net Income | - | 3.50 Cr | 9.00 Cr | 8.46 Cr | 7.12 Cr |
| Diluted EPS | - | 0.79 | 2.03 | 1.91 | 1.61 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 97.38 Cr | 106.34 Cr | 118.09 Cr | 123.14 Cr |
| Current Assets | - | 48.60 Cr | 80.09 Cr | 100.87 Cr | 104.57 Cr |
| Cash & Equivalents | - | 4.82 Cr | 62.71 L | 1.15 Cr | 1.41 Cr |
| Inventory | 0 | - | 0 | 0 | 0 |
| Receivables | - | 4.12 Cr | 4.58 Cr | 5.96 Cr | 6.38 Cr |
| Total Liabilities | - | 22.88 Cr | 22.97 Cr | 26.44 Cr | 24.40 Cr |
| Current Liabilities | - | 21.42 Cr | 21.43 Cr | 24.72 Cr | 50.90 L |
| Long Term Debt | - | 0 | 0 | 62,000 | 0 |
| Total Debt | - | 2.79 Cr | 0 | 62,000 | 0 |
| Total Equity | - | 74.51 Cr | 83.37 Cr | 91.65 Cr | 98.74 Cr |
| Shares Outstanding | - | 4.44 Cr | 4.44 Cr | 4.44 Cr | 4.44 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -5.30 Cr | -1.16 Cr | -7.07 L | 2.05 Cr |
| Investing Cash Flow | - | -1.03 Cr | -17.48 L | 56.16 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 L | 1.88 Cr |
| Net Change in Cash | - | -7.22 Cr | -1.40 Cr | 36.91 L | 41.41 L |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% | 5.5% | 2.4% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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INDBANK — Frequently Asked Questions
What is the current share price of Indbank Merchant Banking Services Limited (INDBANK)?
As of 2026-07-15 09:52 IST, Indbank Merchant Banking Services Limited (INDBANK) trades at ₹33.54 on NSE. Its 52-week range is ₹29.21 to ₹45.95.
What is the market capitalisation of INDBANK?
Indbank Merchant Banking Services Limited (INDBANK) has a market capitalisation of ₹148.84 Cr on NSE.
What is the P/E ratio of INDBANK?
INDBANK trades at a trailing price-to-earnings (P/E) ratio of 20.83. The industry average P/E is 19.81. Its price-to-book (P/B) ratio is 1.52.
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.