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Indbank Merchant Banking Services

Indbank Merchant Banking Services

NSE: INDBANKBSE 511473Financial Serviceswww.indbankonline.com
View MapTV Chart
Volume35.1K+19%vs 20D avg
Market Cap₹148.05 Cr
Promoter Hold.64.8%
Face Value₹10
Fwd P/E
PEG
EV/EBITDA6.78
P/S5.93
ROA5.82%
Beta
Div Payout
Valuation

Indbank Merchant Banking Services Ltd valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for Indbank Merchant Banking Services Ltd, framed against the sector median so the premium or discount is obvious at a glance.

Indbank Merchant Banking Services Ltd trades at a P/E of 20.96× and P/B of 1.52×, against the Financial Services sector median P/E of 17.67×.

Key MetricsLive · as of 12 Jun 2026
the price tag

Valuation

Market Cap
₹148.05 Cr
P/E Ratio
good20.96
P/B Ratio
good1.52
EPS
1.59
the engine

Profitability

ROE
watch7.37%
ROCE
avg13.4%
Net Margin
good30.9%
Op Margin
good25.92%
the trajectory

Growth

EPS YoY
watch3.8%
Revenue YoY
good14.4%
Qtr Sales
watch-22.8%
Qtr Profit
watch-43.6%
the balance sheet

Financial Health

Debt / Equity
Book Value
21.97
Div Yield
%
Promoter Hold.
good64.8%
Financials

Indbank Merchant Banking Services Ltd financials: P&L, balance sheet, cash flow, ratios.

Twelve years of audited numbers for Indbank Merchant Banking Services Ltd, switchable between annual and quarterly views, consolidated or standalone.

Indbank Merchant Banking Services Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹148.05 Cr and reported EPS of ₹1.59.

all values in ₹ Cr unless suffixed · source: company filings
Segment Analysis

Indbank Merchant Banking Services segment analysis: revenue and profit mix.

Disclosed business segments at Indbank Merchant Banking Services with their share of revenue and profit, switchable between consolidated and standalone reporting.

Indbank Merchant Banking Services discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Investment Thesis

Indbank Merchant Banking Services Ltd investment thesis: bull case, bear case, and the flip lines.

Why someone would buy Indbank Merchant Banking Services Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.

Indbank Merchant Banking Services Ltd's investment case rests on 8 positive markers and 9 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

  • The company maintains a very low debt-to-equity ratio of 0.03, indicating a strong financial position and minimal reliance on external borrowings, which is a positive for long-term stability.

  • Promoter holding is robust at 64.84%, demonstrating strong confidence from the management in the company's future prospects and aligning their interests with shareholders.

  • Indbank Merchant Banking Services Ltd. exhibits a healthy operating profit margin (OPM) of 38.70%, showcasing efficient cost management and strong profitability from its core operations.

  • The company shows decent returns with a Return on Equity (ROE) of 9.67% and Return on Capital Employed (ROCE) of 13.40%, indicating effective utilization of shareholder funds and capital.

  • The broader Financial Services sector, including Stockbroking & Allied, is poised for growth, driven by increasing financial literacy and investment penetration in emerging markets.

bear case

What can break it.

  • The latest quarterly profit after tax (PAT) saw a significant decline of -43.60% to 1.86 Cr, raising concerns about recent operational efficiency and earnings stability.

  • The company experienced a substantial -22.80% drop in quarterly sales to 6.28 Cr, suggesting a contraction in business activity and potential challenges in revenue generation.

  • With a P/E ratio of 28.00, the company trades at a premium compared to its sector P/E of 18.97, potentially indicating overvaluation given recent financial performance.

  • The company currently has a 0.00% dividend yield, which might not appeal to income-focused investors looking for regular returns from their investment.

  • Indbank's ROCE of 13.40% is notably lower than several peers like IIFL Capital (33.27%) and Angel One (25.80%), suggesting scope for improved capital efficiency.

flip conditions

What would change my mind.

  • Trim if P/E re-rates above 27 (~1.5× the sector multiple of 17.7). The valuation cushion thins from there.

  • Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.

  • Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.

  • Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.

Shareholding

Indbank shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in Indbank — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

Loading shareholding data...

Peers

Indbank Merchant Banking Services Ltd peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Indbank Merchant Banking Services Ltd is highlighted for quick read-across.

Technicals

Indbank Merchant Banking Services Ltd technical analysis: indicators, pivots and CPR.

Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Indbank Merchant Banking Services Ltd — derived from the live tape, not yesterday's close.

Indbank Merchant Banking Services Ltd last traded at ₹33.33 with an intraday range of ₹33.01–₹33.78 — live indicator, pivot and CPR signals below.

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Live: ₹33.33
LevelPrice (₹)Distance% Δ
R435.28+1.95+5.84%
R334.51+1.18+3.53%
R234.14+0.81+2.44%
R133.74+0.41+1.22%
PIVOT33.370.040.13%
CURRENT33.33
S131.43-1.90-5.71%
S232.20-1.13-3.40%
S332.60-0.73-2.18%
S432.97-0.36-1.09%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 33.35P: 33.37TC: 33.39
R1
R2
R3
R4
indicator
LTP: 33.33
PDH: 33.50
PDL: 32.52
● Market Sentiment

INDBANK is trading Below CPR, indicating Bearishness

● CPR Width

CPR is Narrower, suggesting likely for trending moves

● Opening Range

Day's range: 33.01 ~ 33.5

● Price Position

Trading Inside opening range

Delivery & Volume

Indbank Merchant Banking Services Ltd delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for Indbank Merchant Banking Services Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in Indbank Merchant Banking Services Ltd stood at 46.8% of traded volume, against a 20-day average of 59.9%.

Avg Delivery (20D)59.9%-13.1 ppt latest vs avg
Highest Delivery80.9%on 29 May
Avg Volume (20D)29.4 K20-day run-rate
Conviction Trend↓ Weakening-13.1 ppt latest read
Volume & Delivery · last 20 sessions
Filings & Concalls

Indbank Merchant Banking Services announcements: results, concalls, ratings, M&A.

Filings Indbank Merchant Banking Services sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

Indbank Merchant Banking Services files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 29 documents below.

  1. 09 Jun 2026Disclosure under SEBI Takeover RegulationsView PDF

    Disclosure under SEBI Takeover Regulations

    Indbank Merchant Banking Services Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the Securities and…

  2. 24 Apr 2026Copy of Newspaper PublicationView PDF

    Copy of Newspaper Publication

    Indbank Merchant Banking Services Limited has informed the Exchange about Copy of Newspaper Publication

  3. 20 Apr 2026Outcome of Board MeetingView PDF

    Outcome of Board Meeting

    Indbank Merchant Banking Services Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

  4. 13 Apr 2026Certificate under SEBI (Depositories and Participants) Regulations, 2018View PDF

    Certificate under SEBI (Depositories and Participants) Regulations, 2018

    Indbank Merchant Banking Services Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

  5. 30 Mar 2026Trading WindowView PDF

    Trading Window

    Indbank Merchant Banking Services Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider…

Corporate Actions

Indbank Merchant Banking Services dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue Indbank Merchant Banking Services has declared, sequenced by announce and record date.

Indbank Merchant Banking Services corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

About the Company

About Indbank Merchant Banking Services Ltd: business, sector, key facts.

What Indbank Merchant Banking Services Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

Indbank Merchant Banking Services Ltd operates in the Financial Services, listed as NSE: INDBANK, BSE: 511473.

INDBANK
Financial Services

Indbank Merchant Banking Services Ltd

NSE · INDBANK·BSE · 511473·www.indbankonline.com

Indbank Merchant Banking Services Limited (Indbank) is a Chennai, India-based company established in 1989. It operates as a subsidiary of Indian Bank, focusing on a diverse range of financial services within the Indian market. Their core business revolves around providing comprehensive merchant banking solutions to both corporate and individual clients.

A significant portion of Indbank's business involves assisting corporations with various financial transactions. This includes managing public and rights issues of securities, facilitating private placements, advising on and executing acquisitions and mergers, and handling employee stock option schemes. They also provide crucial advisory services related to share valuations, loan syndication, and project feasibility studies, offering a full suite of services to guide companies through complex financial endeavors.

Beyond merchant banking, Indbank offers a robust stock broking service catering to both retail and institutional investors. This service spans across multiple market segments including cash, derivatives, and wholesale debt markets. To enhance accessibility and efficiency, they provide online trading services and e-services, simplifying the investment process for their clients. Further complementing their brokerage services, they also distribute mutual funds and other investment products, offering a one-stop shop for diverse investment needs.

In essence, Indbank's business model is built on providing a wide spectrum of financial services, integrating merchant banking expertise with stock broking capabilities. Their integrated approach allows them to serve a broad clientele, from large corporations requiring complex financial guidance to individual investors seeking access to diversified investment opportunities. Their extensive service portfolio positions them as a significant player in the Indian financial services landscape.

company facts
Founded / IPO
Employees
SectorFinancial Services
HeadquartersChennai, India
Market Cap₹148.05 Cr
Listed OnNSE
leadership20 on record
Mr. Balaji M.S
VP & CFO
Mr. G. Ramnath
Head of Accounts
Mr. G. Venkatesan
Head of IT
Mr. K. S. Chandramouli
AVP & Head of Service Branch
Mr. R. Venugopal
Head of Dept. of Account Opening
Mr. S. T. Ramarao
AVP & Head of Surveillance
Mr. Tausif Inamdar
Chief Financial Officer
Mr. Vaijinath Gavarshetty
Non-Executive Independent Director
Mr. V. Haribabu
President & Whole Time Director
Ms. Chitra Mangalam Achuthanandaiyer
Company Secretary & Compliance Officer
Ms. G Vijayalakshmi
Head of Administration
Ms. Sivasankari E.
Head of DP Operations
§ ∞ · Plainly Answered

Questions investors ask about Indbank Merchant Banking Services Ltd (INDBANK).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of Indbank Merchant Banking Services Ltd (INDBANK)?

The current share price of Indbank Merchant Banking Services Ltd (INDBANK) is ₹33.33. Today, the stock has gained by ₹0.36 (1.09%), trading in a range of ₹33.01 to ₹33.78. The stock opened at ₹33.01 with a trading volume of 35,089 shares.

02Is Indbank Merchant Banking Services Ltd stock a good investment for long-term?

Indbank Merchant Banking Services Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹148.05 crores, P/E ratio of 20.96, ROE of 7.37%, and ROCE of 13.40%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of Indbank Merchant Banking Services Ltd stock?

The 52-week high price of Indbank Merchant Banking Services Ltd (INDBANK) is ₹0, while the 52-week low is ₹0. Currently trading at ₹33.33, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy Indbank Merchant Banking Services Ltd stock at the current price?

Whether to buy Indbank Merchant Banking Services Ltd stock at ₹33.33 depends on multiple factors. The stock is currently trading with a P/E ratio of 20.96 and P/B ratio of 1.52. Today's performance shows a gain of 1.09%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.

05What is the dividend yield of Indbank Merchant Banking Services Ltd and when is the next dividend?

Indbank Merchant Banking Services Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹33.33, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of Indbank Merchant Banking Services Ltd?

Indbank Merchant Banking Services Ltd's key financial metrics include: P/E Ratio: 20.96, P/B Ratio: 1.52, ROE: 7.37%, ROCE: 13.40%, Dividend Yield: 0.00%, EPS: ₹1.59, Book Value: ₹21.97, and Debt-to-Equity: 0.00. The company's market cap stands at ₹148.05 crores. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is Indbank Merchant Banking Services Ltd stock performing today in the market?

Indbank Merchant Banking Services Ltd stock opened at ₹33.01 and is currently trading at ₹33.33, showing a gain of ₹0.36 (1.09%). The intraday high is ₹33.78 and low is ₹33.01. The trading volume stands at 35,089 shares, indicating moderate market participation today.

08What is the P/E ratio of Indbank Merchant Banking Services Ltd and what does it indicate?

Indbank Merchant Banking Services Ltd has a Price-to-Earnings (P/E) ratio of 20.96, which means investors are willing to pay ₹20.96 for every ₹1 of earnings. With an EPS of ₹1.59, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.

Disclaimer

The data, ratios and commentary about Indbank Merchant Banking Services Ltd (INDBANK) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.