INDBANK vs KHANDSE: Stock Comparison

Indbank Merchant Banking Services Limited vs Khandwala Securities Limited

Live data: 28 July 2026, 9:44 AM IST • Source: NSE and company filings

Indbank Merchant Banking Services Limited is the larger company by market capitalisation. Indbank Merchant Banking Services Limited shows a higher ROE, faster revenue growth and a higher ROCE. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.

Side-by-side comparison of Indbank Merchant Banking Services Limited and Khandwala Securities Limited on live price, valuation, growth, profitability, leverage and quarterly shareholding. Highlighted values mark the more favourable of the two on that metric's usual reading; a single metric is never the full story.

On standard readings, INDBANK is more favourable on 7 of 10 scored metrics and KHANDSE on 2These counts are context-free and are not an overall rating.

Key Differences

Market Cap
INDBANK is the larger company
₹147 Cr vs ₹26 Cr
EPS
INDBANK has higher earnings per share
₹1.65 vs ₹-0.83
Revenue Growth (TTM YoY)
INDBANK has faster revenue growth
14.4% vs 0%
EPS Growth (TTM YoY)
INDBANK has faster EPS growth
3.8% vs 0%
Qtr Sales Growth
KHANDSE has stronger quarterly sales growth
94.9% vs 10.9%
Qtr Profit Growth
KHANDSE has stronger quarterly profit growth
78.5% vs -3.51%
ROE
INDBANK has a higher ROE
7.36% vs -4.49%
ROCE
INDBANK has a higher ROCE
10.3% vs -3.47%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricINDBANKKHANDSE
SectorFinancial ServicesFinancial Services
IndustryStockbroking & AlliedStockbroking & Allied

Price

MetricINDBANKKHANDSE
Live Price₹32.6₹17.2
Day Change-1.51%0%
Volume12,4670
52-Week High₹47.15₹29
52-Week Low₹28.25₹12.2
Distance from 52W High-30.86%-40.69%

Valuation

MetricINDBANKKHANDSE
Market Cap₹147 Cr₹26 Cr
P/E Ratio20.79x
P/B Ratio1.54x
EPS₹1.65₹-0.83
Book Value₹21.97₹18.28
Dividend Yield0%0%

Growth

MetricINDBANKKHANDSE
Revenue Growth (TTM YoY)14.4%0%
EPS Growth (TTM YoY)3.8%0%
Qtr Sales Growth10.9%94.9%
Qtr Profit Growth-3.51%78.5%

Profitability & Leverage

Debt-to-equity is shown for reference only — it is not a like-for-like metric for banks and financials.
MetricINDBANKKHANDSE
ROE7.36%-4.49%
ROCE10.3%-3.47%
Net Margin30.9%-16.09%
Operating Margin40%-28.3%
Debt to Equity0x0.1x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricINDBANKKHANDSE
Promoter Holding64.84%48.78% 0.05 pp
FII Holding0%0%
DII Holding0.09%0%
Public Holding35.07%51.22% 0.05 pp

How to Read This Comparison

Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.

Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: Indbank Merchant Banking Services Limited and Khandwala Securities Limited.

Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.