INDBANK
Indbank Merchant Banking Services Limited (INDBANK) Stock Analysis
Indbank Merchant Banking Services Limited provides merchant banking, issue management, and financial advisory services. It serves corporates raising equity and debt in capital markets. The company operates as a niche financial intermediary. It is listed on Indian stock exchanges.
Financial Services › Capital Markets
₹25.10
-1.88% 1W | -37.90% 52W
Market Cap
111 CR
P/E Ratio
15.9
52W High
₹42.7
52W Low
₹24.2
Div. Yield
0%
Beta
0.2
50 DMA
₹28.7
200 DMA
₹32.7
Profit Margin
28.1%
Inst. Own.
0%
🚀 BREAKOUT
🔥 APPROACHING RESISTANCE
Fundamentals
Profit & Loss
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6.04 | 6.60 | 6.86 | 7.70 | 8.13 | 5.63 | 5.31 | 6.69 | 6.28 | 6.25 | 5.89 | 6.90 | 6.36 |
| Expenses | 2.73 | 3.24 | 3.54 | 3.86 | 3.62 | 3.60 | 3.65 | 3.78 | 3.63 | 3.59 | 4.06 | 3.74 | 4.08 |
| Operating Profit | 3.31 | 3.36 | 3.32 | 3.84 | 4.51 | 2.03 | 1.66 | 2.91 | 2.65 | 2.66 | 1.83 | 3.16 | 2.28 |
| OPM % | 54.80% | 50.91% | 48.40% | 49.87% | 55.47% | 36.06% | 31.26% | 43.50% | 42.20% | 42.56% | 31.07% | 45.80% | 35.85% |
| Other Income | 0.01 | 0.01 | 0.96 | 0.01 | 0.00 | 0.02 | 0.00 | 0.00 | 0.01 | 0.00 | 0.13 | 0.00 | 0.04 |
| Interest | 0.03 | 0.00 | 0.01 | 0.02 | 0.02 | 0.05 | 0.04 | 0.07 | 0.09 | 0.02 | 0.01 | 0.01 | 0.03 |
| Depreciation | 0.09 | 0.10 | 0.09 | 0.12 | 0.11 | 0.11 | 0.10 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 |
| Profit before tax | 3.20 | 3.27 | 4.18 | 3.71 | 4.38 | 1.89 | 1.52 | 2.78 | 2.51 | 2.58 | 1.88 | 3.08 | 2.22 |
| Tax % | 24.38% | 21.71% | 39.95% | 23.18% | 24.66% | 38.10% | 25.00% | 23.02% | 26.29% | 25.97% | 35.64% | 23.05% | 27.48% |
| Net Profit | 2.42 | 2.56 | 2.50 | 2.85 | 3.30 | 1.17 | 1.14 | 2.14 | 1.86 | 1.92 | 1.21 | 2.38 | 1.61 |
| EPS in Rs | 0.55 | 0.58 | 0.56 | 0.64 | 0.74 | 0.26 | 0.26 | 0.48 | 0.42 | 0.43 | 0.27 | 0.54 | 0.36 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10.11 | 9.03 | 10.54 | 13.82 | 10.39 | 11.47 | 14.91 | 20.62 | 18.24 | 24.76 | 26.57 | 24.95 | 25.40 |
| Expenses | 5.85 | 5.77 | 10.13 | 8.65 | 8.95 | 12.48 | 12.87 | 14.17 | 12.74 | 13.80 | 14.61 | 15.15 | 15.47 |
| Operating Profit | 4.26 | 3.26 | 0.41 | 5.17 | 1.44 | -1.01 | 2.04 | 6.45 | 5.50 | 10.96 | 11.96 | 9.80 | 9.93 |
| OPM % | 42.14% | 36.10% | 3.89% | 37.41% | 13.86% | -8.81% | 13.68% | 31.28% | 30.15% | 44.26% | 45.01% | 39.28% | 39.09% |
| Other Income | 2.63 | 0.59 | 6.55 | 0.81 | 2.13 | 5.77 | 4.56 | 3.83 | 1.62 | 2.11 | 0.24 | 0.42 | 0.17 |
| Interest | 0.29 | 0.11 | 0.81 | 1.58 | 1.53 | 1.52 | 1.53 | 1.53 | 0.89 | 0.08 | 0.26 | 0.22 | 0.07 |
| Depreciation | 0.69 | 0.60 | 0.53 | 0.43 | 0.23 | 0.30 | 0.19 | 0.20 | 0.37 | 0.38 | 0.44 | 0.24 | 0.27 |
| Profit before tax | 5.91 | 3.14 | 5.62 | 3.97 | 1.81 | 2.94 | 4.88 | 8.55 | 5.86 | 12.61 | 11.50 | 9.76 | 9.76 |
| Tax % | 15.40% | 12.10% | 5.16% | 44.08% | 2.76% | 28.91% | 17.01% | 18.60% | 40.10% | 28.63% | 26.43% | 27.05% | |
| Net Profit | 4.99 | 2.76 | 5.34 | 2.22 | 1.77 | 2.09 | 4.06 | 6.96 | 3.50 | 9.00 | 8.46 | 7.12 | 7.12 |
| EPS in Rs | 1.12 | 0.62 | 1.20 | 0.50 | 0.40 | 0.47 | 0.91 | 1.57 | 0.79 | 2.03 | 1.91 | 1.60 | 1.60 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 11.0% | 11.0% | 11.0% |
| Profit CAGR | 32.0% | 12.0% | 10.0% |
Shareholding Pattern
Promoters64.84%
DIIs0.09%
Public35.08%
Promoters64.84%
DIIs0.09%
Public35.07%
Promoters64.84%
DIIs0.09%
Public35.07%
Promoters64.84%
DIIs0.09%
Public35.07%
Promoters64.84%
DIIs0.09%
Public35.07%
Promoters64.84%
DIIs0.09%
Public35.07%
Promoters64.84%
FIIs0.05%
DIIs0.09%
Public35.02%
Promoters64.84%
DIIs0.09%
Public35.08%
Promoters64.84%
DIIs0.09%
Public35.07%
Promoters64.84%
DIIs0.09%
Public35.07%
INDBANK
Holdings Analysis
Key strengths & risk signals
57
Overall
71
Fundamental
43
Technical
Risks (4)
NEGLIGIBLE DIVIDEND! 0% yield - little to no income.
POOR YEAR! Stock declined 37.9% in the last year.
BEARISH SENTIMENT! In last 30 days: 10 up days, 20 down days. Avg volume on up days: 47,141 vs down days: 82,325. Ratio: 0.57x
WEAK POSITION! Current price (25.1) is below both moving averages.
Strengths (4)
EXCELLENT EFFICIENCY! 28.1% profit margin - company keeps strong profits.
BREAKOUT! Stock has broken above resistance levels with momentum.
LOW VOLATILITY! Beta of 0.20 - stable stock, less market risk.
APPROACHING OVERSOLD! RSI at 35.4 - watch for reversal.
Fundamental & Technical Analysis
57Overall
71Fundamental
43Technical
Fundamental Breakdown
Growth Quality
22/30
Revenue CAGR: 11.0% (GOOD, 11/15). Profit CAGR: 12.0% (GOOD, 11/15).
Profit Margin
9/10
EXCELLENT EFFICIENCY! 28.1% profit margin - company keeps strong profits.
PEG Valuation
9/10
FAIRLY VALUED! PEG of 1.32 indicates reasonable valuation.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
10/20
SIGNIFICANT PUBLIC HOLDING! 35.06% public ownership - moderate retail influence.
Stability Index
8/10
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
Technical Breakdown
Moving Averages
5/10
BEARISH TREND! 50-day average (28.7) is below 200-day average (32.7) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (25.1) is below both moving averages.
Trend Pattern
20/20
BREAKOUT! Stock has broken above resistance levels with momentum.
52W Performance
0/10
POOR YEAR! Stock declined 37.9% in the last year.
Volume Sentiment
5/30
BEARISH SENTIMENT! In last 30 days: 10 up days, 20 down days. Avg volume on up days: 47,141 vs down days: 82,325. Ratio: 0.57x
RSI
4/5
APPROACHING OVERSOLD! RSI at 35.4 - watch for reversal.
52W Range
1/5
WEAK! Trading at 4.9% of 52W range - near yearly lows.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 1.9% (1 week), 2.3% (1 month), 24.1% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.20 - stable stock, less market risk.
Peer Comparison
Financial Services · Capital Markets · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| INDBANK | ₹25.10 | 15.9 | 28.1% | 11.0% | 12.0% | -37.9% | 57 | BREAKOUT | – | -32.9% | – | -2.2% |
| DBSTOCKBRO | ₹31.20 | 36.7 | 10.0% | 10.6% | -21.2% | +27.0% | 59 | BREAKOUT | -10.0% | +350.0% | +8.3% | -44.7% |
| STEELCITY | ₹80.60 | 7.1 | 24.1% | 4.5% | 8.4% | -20.6% | 70 | BOUNCE FROM SUPPORT | +65.9% | +100.0% | +28.7% | +16.3% |
| KEYFINSERV | ₹229.30 | 22.5 | 17.5% | 21.9% | – | -13.0% | 52 | BOUNCE FROM SUPPORT | -7.9% | -222.1% | +79.7% | +109.1% |
| BLBLIMITED | ₹16.20 | 3.1 | 3.5% | 50.8% | 76.6% | +5.2% | 67 | APPROACHING SUPPORT | -52.2% | +27.9% | +65.2% | +30.2% |
| INVENTURE | ₹0.80 | 26.7 | 7.8% | 3.8% | -25.4% | -45.6% | 42 | BREAKDOWN | -13.2% | -186.8% | +6.6% | +6.6% |
| PML | ₹478.90 | 7.2 | -0.5% | -33.4% | 82.8% | -2.5% | 49 | APPROACHING SUPPORT | -96.9% | +287.0% | -2.5% | -0.3% |
| PIONRINV | ₹53.10 | 4.6 | 38.6% | 19.4% | 97.8% | -33.5% | 56 | BREAKDOWN | -44.4% | +17.6% | -52.8% | +52.3% |
Data from TradeAlone · Updated daily
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