Indbank Merchant Banking Services Limited INDBANK NSEFINANCIAL
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.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Excellent profit margin of 28.6%.
- Profit CAGR of 26.7% over 5 years.
CONS
- Trading 28.3% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
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
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
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 | 32.95 | 20.85 | ₹146.23 Cr | - | 8.03% | 7.37% | 4.57% | 26.71% |
| 2 | HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL | 744.55 | 16.61 | ₹11.46 L Cr | 1.75% | - | 13.82% | 32.50% | 20.39% |
| 3 | ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL | 1,256.40 | 16.81 | ₹9.01 L Cr | 0.88% | - | 16.36% | 19.65% | 16.78% |
| 4 | SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU | 964.40 | 10.58 | ₹8.90 L Cr | 1.80% | - | 15.48% | 12.19% | 14.39% |
| 5 | KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL | 384.20 | 19.80 | ₹3.82 L Cr | 0.13% | - | 11.39% | 14.58% | 8.92% |
| 6 | LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU | 411.35 | 9.06 | ₹2.60 L Cr | 2.43% | - | 42.36% | 7.61% | 16.86% |
| 7 | SHRIRAMFIN Shriram Finance Limited NIFTY50NSEFINANCIAL | 947.15 | 17.79 | ₹2.23 L Cr | 1.46% | - | 16.38% | 15.48% | 18.59% |
| 8 | SBILIFE SBI Life Insurance Company Limited NIFTY50NSEFINANCIAL | 1,830.10 | 74.06 | ₹1.84 L Cr | 0.15% | - | 13.70% | 11.67% | 12.81% |
| 9 | ICICIAMC ICICI PRUDENTIAL AMC LTD NIFTY_MIDNSEFINANCIAL | 3,538.50 | 53.19 | ₹1.75 L Cr | 0.70% | 98.30% | 85.80% | 28.94% | 29.58% |
Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 5.81 Cr | 3.70 Cr | 6.33 Cr | 6.14 Cr | 4.57 Cr |
| Cost of Revenue | 2.56 Cr | 2.50 Cr | 2.72 Cr | 2.39 Cr | 2.89 Cr |
| Gross Profit | 3.26 Cr | 1.19 Cr | 3.61 Cr | 3.75 Cr | 1.67 Cr |
| Operating Expenses | 1.03 Cr | 1.27 Cr | 1.08 Cr | 1.16 Cr | 1.35 Cr |
| Operating Income | 2.23 Cr | -7.62 L | 2.53 Cr | 2.60 Cr | 32.68 L |
| EBITDA | 2.05 Cr | 1.65 Cr | 2.91 Cr | 2.66 Cr | 1.85 Cr |
| Interest Expense | 5.01 L | 3.59 L | 7.49 L | 1.65 L | 92,000 |
| Pretax Income | 1.89 Cr | 1.52 Cr | 2.78 Cr | 2.58 Cr | 1.77 Cr |
| Tax Provision | 71.98 L | 38.28 L | 64.44 L | 66.53 L | 66.72 L |
| Net Income | 1.17 Cr | 1.14 Cr | 2.14 Cr | 1.92 Cr | 1.21 Cr |
| Diluted EPS | 0.26 | 0.26 | 0.48 | 0.43 | 0.27 |
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 | 1.57 | 0.79 | 2.03 | 1.91 | - |
Compounded Sales Growth
| 5 Years: | 4.57% |
| 1 Year: | 14.40% |
Compounded Profit Growth
| 5 Years: | 26.71% |
| 1 Year: | 3.80% |
Stock Price Performance
| 1 Year: | -3.51% |
| 6 Months: | -9.13% |
| 3 Months: | -7.94% |
| 1 Month: | -5.23% |
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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