INDBANK

Indbank Merchant Banking Services Ltd.

NSE: INDBANK

BSE: 511473

Sector: Financial Services

Industry Group: Capital Markets

Industry: Stockbroking & Allied

33.10-0.2 (-0.45%)

10 Aug, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

70.2 / 100

Value Score

65.8 / 100

Price Momentum Score

47.3 / 100

QVM Score

70.7 / 100

Key Metrics

Market Cap

146.89

P/E (TTM)

19.95

P/B

1.49

P/S (TTM)

6.11

EV/EBITDA

5.01

CAPE (5Y)

21.03

ROE (TTM)

7.48

ROCE (TTM)

10.16

ROA (TTM)

5.91

Avg 3Y ROE

9.52

Earnings 3Y CAGR

8.51

Sales 3Y CAGR

7.57

Sales 5Y CAGR

13.01

Debt/Equity

0.00

Consensus TP

Strong Buy %

Promoter Holding

64.84

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Indbank Merchant Banking Services Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Stock is cheap and PB is at a discount to industry median

PB of 1.49 indicates that the stock is cheap on a standalone basis. Discount to industry median P/B is decent at -17.22%

What is P/B Ratio?

Median: 1.8

Value 1.49

0.0915.67

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.0 as on 30 Jun 2026 and Debt to Equity remained same in the last 1 year

What is Debt to Equity?

Negative

Low and declining ROE

The company reported low ROE of 7.48% for 12-month ended 30 Jun 2026 and ROE declined by -219 bps from 1 year ago

What is ROE (FY)?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of -1.16% for 12-month ended 30 Jun 2026 and the growth was 6.94 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 5.78

Value -1.16

-16.04752.17

Low dividend yield

The company has a low dividend yield of 0.0%

What is Dividend yield?

Neutral

High operating margin but declining trend

The company reported strong operating margin of 41.62% for 12-month ended 30 Jun 2026 but operating margin declined by -246 bps from 1 year ago

What is Operating profit margin?

Low EPS growth but above median growth of industry

The company delivered low EPS growth of -5.79% for 12-month ended 30 Jun 2026 but the growth was 6.04 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Financial Snapshot

See detailed analysis

Multi-year trends for Indbank Merchant Banking Services Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

ROA FY

Indbank Merchant Banking Services Ltd. Shareholding Pattern

Quarterly breakdown of Indbank Merchant Banking Services Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84
Indian Promoter	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	0.20	0.20	0.19	0.19	0.19	0.19	0.09	0.09	0.09	0.09	0.10	0.10	0.09	0.09	0.10	0.10	0.14	0.16	0.29	0.09	0.09	0.12	0.09	0.09	0.09	0.09
Mutual Funds / UTI	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09
FI/Bank/Insurance	0.11	0.11	0.10	0.10	0.10	0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.00	0.00	0.01	0.01	0.05	0.07	0.20	0.00	0.00	0.03	0.00	0.00	0.00	0.00
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-Institution	34.97	34.97	34.97	34.97	34.97	34.97	35.07	35.07	35.07	35.07	35.06	35.06	35.07	35.07	35.06	35.06	35.02	35.00	34.87	35.07	35.07	35.04	35.07	35.07	35.07	35.07
Bodies Corporate	0.84	0.79	0.79	0.74	0.61	0.60	2.36	1.73	1.86	1.92	1.64	1.39	1.15	1.01	1.51	1.49	0.83	1.02	1.59	1.59	1.47	1.58	1.52	1.64	1.82	1.64
Others (incl. Retail) No. of shareholders	34.13 35,803	34.18 36,388	34.18 37,092	34.23 37,053	34.36 38,084	34.37 39,969	32.71 39,640	33.34 40,334	33.21 41,278	33.15 42,356	33.42 42,889	33.67 44,138	33.92 44,006	34.06 43,499	33.55 44,558	33.57 43,210	34.19 48,131	33.98 49,841	33.28 48,995	33.48 51,098	33.60 50,838	33.46 51,102	33.55 51,097	33.43 50,408	33.25 49,931	33.43 49,400

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Indbank Merchant Banking Services Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
NEO APEX VENTURE LLP	06 Oct 2025	sell	₹ 39.58	2.56 lac	₹ 1.01 cr
NEO APEX VENTURE LLP	06 Oct 2025	buy	₹ 39.34	2.56 lac	₹ 1.01 cr
NILU BISHWAL	26 Jun 2024	sell	₹ 54.19	2.51 lac	₹ 1.36 cr
NILU BISHWAL	26 Jun 2024	buy	₹ 54.85	2.51 lac	₹ 1.38 cr
CITADEL SECURITIES INDIA MARKETS PRIVATE LIMITED	25 Apr 2024	sell	₹ 53.60	2.56 lac	₹ 1.37 cr
CITADEL SECURITIES INDIA MARKETS PRIVATE LIMITED	25 Apr 2024	buy	₹ 53.68	3.11 lac	₹ 1.67 cr
SANDEEP PRAKASHCHANDRA JAIN (HUF)	29 Jan 2024	buy	₹ 49.89	2.74 lac	₹ 1.37 cr
MANSI SHARE AND STOCK ADVISORS PVT LTD	29 Jan 2024	buy	₹ 51.16	5.21 lac	₹ 2.66 cr
MANSI SHARE AND STOCK ADVISORS PVT LTD	29 Jan 2024	sell	₹ 51.89	5.21 lac	₹ 2.70 cr
SANDEEP PRAKASHCHANDRA JAIN (HUF)	29 Jan 2024	sell	₹ 50.69	2.24 lac	₹ 1.13 cr

…

Corporate Actions

History of Indbank Merchant Banking Services Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 2/share
Record date: 9th Jul 2021Ex-date: 8th Jul 2021
Announced on: 5th Jul 2021
Dividend₹ 0.75/share
Record date: 10th Aug 2009Ex-date: 7th Aug 2009
Announced on: 7th May 2009
Dividend₹ 1.50/share
Record date: 16th Jun 2008Ex-date: 12th Jun 2008
Announced on: 16th Apr 2008
Dividend₹ 1/share
Record date: 2nd Jul 1996Ex-date: 5th Jun 1996
Announced on: 1st May 1996
Dividend₹ 2/share
Record date: 16th Jul 1995Ex-date: 21st Jun 1995
Announced on: 16th Jun 1995

Company Profile

Overview of Indbank Merchant Banking Services Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Indbank Merchant Banking Services Limited is engaged in stockbroking, depository participant operations, distribution of mutual funds and other investment products and merchant banking. The services of the Company include merchant banking, advisory services, stockbroking, depository participant (DP)...

Key personnel

Balaji M. S.

Chief Financial Officer

S. Selvaraj

Executive Vice President

Smt. Chitra Mangalam Achuthanandaiyer

Compliance Officer, Company Secretary

Shri. V. Hari BabuD

President, Executive Director

Shri. Sunil JainD

Additional Director

Shri. V. A PrasanthD

Additional Director

Smt. Padma RD

Additional Director

Shri. Ashutosh ChoudhuryD

Additional Director

View all

Incorporated on

11 Aug 1989

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

IPO date

08 Oct 2008

Free Float

1,40,95,769

Website

https://www.indbankonline.com/

Phone no.

+914424313094

Address

I Floor, Khiviraj Complex I, No.480, Anna Salai, Nandanam, CHENNAI, 600035, India

Frequently Asked Questions

What is the current share price of Indbank Merchant Banking Services Ltd.?

The current share price of Indbank Merchant Banking Services Ltd. is ₹ 33.10 as of 10 Aug 2026.

What is the market capitalisation of Indbank Merchant Banking Services Ltd.?

The market capitalisation of Indbank Merchant Banking Services Ltd. stands at ₹ 146.89 Cr.

What is the PE ratio of Indbank Merchant Banking Services Ltd.?

The Price-to-Earnings (PE) ratio of Indbank Merchant Banking Services Ltd. is 19.95 as of the latest trailing twelve months data.

What is the ROE and ROCE of Indbank Merchant Banking Services Ltd.?

Indbank Merchant Banking Services Ltd. has a Return on Equity (ROE) of 7.48% and a Return on Capital Employed (ROCE) of 10.16% as per the latest financial reports.

What is the 52-week high and low of Indbank Merchant Banking Services Ltd.?

The 52-week high of Indbank Merchant Banking Services Ltd. is - and the 52-week low is -.

What is the dividend yield of Indbank Merchant Banking Services Ltd.?

The dividend yield of Indbank Merchant Banking Services Ltd. is 0.00% based on the current market price.

What is the FII and DII holding in Indbank Merchant Banking Services Ltd.?

Foreign Institutional Investors (FII) hold 0.00%, Domestic Institutional Investors (DII) hold 0.09% and retail/public investors hold 33.43% of Indbank Merchant Banking Services Ltd. shares.

What sector does Indbank Merchant Banking Services Ltd. belong to?

Indbank Merchant Banking Services Ltd. operates in the Financial Services sector.

What is the beta of Indbank Merchant Banking Services Ltd.?

The beta of Indbank Merchant Banking Services Ltd. is 1.01, indicating its price volatility relative to the broader market. Over the past 1 year, Indbank Merchant Banking Services Ltd. has delivered an absolute return of 0.15%.

What is the RSI of Indbank Merchant Banking Services Ltd.?

The 14-day Relative Strength Index (RSI) of Indbank Merchant Banking Services Ltd. is 51.60, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Indbank Merchant Banking Services Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Indbank Merchant Banking Services Ltd. Shareholding Pattern

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Company Profile

Corporate Actions