Indbank Merchant Banking Services Limited

Web: indbankonline.com NSE: INDBANK BSE: 511473 SECTOR: Financial Services - Capital Markets

32 0(0%)

Volume

94k as on 21, Apr

Open

High

Low

VWAP

52 Week High

52 Week Low

Viand Research Rating

Quality Score

37/100

Growth Score

10/100

Valuation Score

50/100

Momentum Score

20/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

144

No. of Shares

4.44

P/E

22.7

P/B

2.15

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

12.53

ROCE

Profit Growth

Listing Date

08-Oct-08

Promoter Holding

64.84%

FII Holding

DII Holding

0.09%

Price Chart

Price Performance

1 Week5%

1 Month12%

3 Months3%

6 Months15%

1 Year6%

YTD1%

Moving Average

5 Day SMA35

10 Day SMA34

20 Day SMA32

30 Day SMA32

50 Day SMA34

61 Day SMA34

80 Day SMA35

200 Day SMA35

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	39	36	38	38
Resistance 2	38	36	37	38
Resistance 1	37	36	37	37
Pivot Point	36	36	36	36
Support 1	35	36	36	35
Support 2	35	36	35	35
Support 3	34	35	35	33

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HDFCBANK	11,48,708	746	8%	4%	18%	26%	15	40.9	0	79219
2	ICICIBANK	10,28,380	1433	2%	7%	7%	3%	16	40.9	0	57936
3	SBIN	9,35,523	1014	0%	2%	2%	25%	11	40.9	0	86666
4	BAJFINANCE	6,47,464	1040	4%	10%	12%	10%	28	40.9	0	19332
5	LICI	5,33,640	422	4%	4%	48%	54%	9	40.9	0	57453
6	KOTAKBANK	3,80,984	383	1%	5%	11%	82%	20	40.9	0	19288
7	AXISBANK	3,80,565	1223	6%	9%	4%	12%	15	40.9	0	26548
8	BAJAJFINSV	3,02,712	1891	1%	5%	6%	9%	13	40.9	5.52	19669
9	SHRIRAMFIN	2,41,507	1026	2%	7%	5%	62%	21	40.9	0	10024
10	SBILIFE	1,86,506	1859	3%	0%	11%	0%	70	40.9	0	2470
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%	(0.01) 64.84%
FIIs	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.03%	(0.01) 0.00%	(-0.21) 0.00%	(0.11) 0.20%	(0.01) 0.07%	(0.01) 0.05%	(0.01) 0.01%	(0.01) 0.01%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.01%	(0.01) 0.01%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%
DIIs	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%	(0.01) 0.09%
Public	35.07%	35.07%	35.07%	35.08%	35.04%	35.08%	35.07%	34.87%	35.01%	35.02%	35.06%	35.07%	35.06%	35.07%	35.07%	35.06%	35.07%	35.07%	35.07%	35.07%
No. of Shareholders	49,528	50,062	50,537	51,231	51,236	50,969	51,232	49,132	49,986	48,265	43,353	44,710	43,627	44,131	44,278	43,031	42,493	41,413	40,475	39,781

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Sales	6.9	5.89	6.25	6.28	6.69	5.31	5.63	8.13	7.7	6.86	6.6	6.04	5.43	4.22	5.4	4.33	3.51	5.1	5.46	4.01
Sales Growth % (YoY)	3.1%	10.9%	11%	-22.8%	-13.1%	-22.6%	-14.7%	34.6%	41.8%	62.6%	22.2%	39.5%	54.7%	-17.2%	-1.1%	8%	-10.7%	56.9%	110%	22.3%
Sales Growth % (QoQ)	17.1%	-5.8%	-0.5%	-6.1%	26%	-5.7%	-30.8%	5.6%	12.2%	3.9%	9.3%	11.2%	28.7%	-21.9%	24.7%	23.4%	-31.2%	-6.6%	36.2%	-
Expenses	3.74	4.06	3.59	3.63	3.78	3.65	3.6	3.62	3.86	3.54	3.24	2.73	3.35	3.05	3.01	2.16	6.78	2.87	6.37	2.45
Operating Profit	3.16	1.83	2.66	2.65	2.91	1.66	2.03	4.51	3.84	3.32	3.36	3.31	2.08	1.17	2.39	2.17	-3.27	2.23	-0.91	1.56
OPM %	45.8	31.07	42.56	42.2	43.5	31.26	36.06	55.47	49.87	48.4	50.91	54.8	38.31	27.73	44.26	50.12	-93.16	43.73	-16.67	38.9
Other Income	0	0.13	0	0.01	0	0	0.02	0	0.01	0.96	0.01	0.01	0.01	0.01	0.01	-0.01	3.88	-0.03	4.52	0.73
Interest	0.01	0.01	0.02	0.09	0.07	0.04	0.05	0.02	0.02	0.01	0	0.03	0.03	0.05	0.04	0.4	0.4	0.38	0.38	0.38
Depreciation	0.07	0.07	0.06	0.06	0.06	0.1	0.11	0.11	0.12	0.09	0.1	0.09	0.09	0.09	0.09	0.09	0.09	0.05	0.05	0.05
Profit before tax	3.08	1.88	2.58	2.51	2.78	1.52	1.89	4.38	3.71	4.18	3.27	3.2	1.97	1.04	2.27	1.67	0.12	1.77	3.18	1.86
Tax %	23.05	35.64	25.97	26.29	23.02	25	38.1	24.66	23.18	39.95	21.71	24.38	22.84	48.08	22.91	-13.77	666.67	33.33	5.97	22.58
Net Profit	2.38	1.21	1.92	1.86	2.14	1.14	1.17	3.3	2.85	2.5	2.56	2.42	1.52	0.54	1.75	1.9	-0.69	1.18	2.99	1.43
Net Profit Growth % (QoQ)	96.7%	-37%	3.2%	-13.1%	87.7%	-2.6%	-64.5%	15.8%	14%	-2.3%	5.8%	59.2%	181.5%	-69.1%	-7.9%	375.4%	-158.5%	-60.5%	109.1%	-
Net Profit Growth % (YoY)	11.2%	6.1%	64.1%	-43.6%	-24.9%	-54.4%	-54.3%	36.4%	87.5%	363%	46.3%	27.4%	320.3%	-54.2%	-41.5%	32.9%	-	-	-	-
TTM Net Profit	7.37	7.13	7.06	6.31	7.75	8.46	9.82	11.21	10.33	9	7.04	6.23	5.71	3.5	4.14	5.38	4.91	5.6	4.42	0
EPS in Rs	0.54	0.27	0.43	0.42	0.48	0.26	0.26	0.74	0.64	0.56	0.58	0.55	0.34	0.12	0.39	0.43	-0.16	0.27	0.67	0.32

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	25.11	26.57	24.76	18.24	20.62	14.91	11.47	10.39	13.82	10.54	9.03	10.11	7.15	6.71
Sales Growth %	-5.5%	7.3%	35.8%	-11.5%	38.3%	30%	10.4%	-24.8%	31.1%	16.7%	-10.7%	41.4%	6.6%	-45.4%
Expenses	15.07	14.61	13.8	12.74	14.17	12.87	12.48	8.95	8.65	10.13	5.77	5.85	5.39	6.91
Operating Profit	10.04	11.96	10.96	5.5	6.45	2.04	-1.01	1.44	5.17	0.41	3.26	4.26	1.76	-0.2
OPM %	39.98	45.01	44.26	30.15	31.28	13.68	-8.81	13.86	37.41	3.89	36.1	42.14	24.62	-2.98
Other Income	0.15	0.24	2.11	1.62	3.83	4.56	5.77	2.13	0.81	6.55	0.59	2.63	-0.64	1.94
Interest	0.19	0.26	0.08	0.89	1.53	1.53	1.52	1.53	1.58	0.81	0.11	0.29	0.14	0.01
Depreciation	0.24	0.44	0.38	0.37	0.2	0.19	0.3	0.23	0.43	0.53	0.6	0.69	0.67	0.71
Profit before tax	9.76	11.5	12.61	5.86	8.55	4.88	2.94	1.81	3.97	5.62	3.14	5.91	0.31	1.02
Tax %	27.05	26.43	28.63	40.1	18.6	17.01	28.91	2.76	44.08	5.16	12.1	15.4	3.23	28.43
Net Profit	7.12	8.46	9	3.5	6.96	4.06	2.09	1.77	2.22	5.34	2.76	4.99	0.3	0.73
Net Profit Growth %	-15.8%	-6%	157.1%	-49.7%	71.4%	94.3%	18.1%	-20.3%	-58.4%	93.5%	-44.7%	1563.3%	-58.9%	-
EPS in Rs	1.6	1.91	2.03	0.79	1.57	0.91	0.47	0.4	0.5	1.2	0.62	1.12	0.07	0.16
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	2.05	0.08	-1.16	-5.3	0.55	8.14	14.92	4.95	4.65	5.55	4.34	0.84	7.9	-0.37
Cash from Investing Activity	-1.44	0.56	-0.17	-1.03	-0.98	-8.44	-10.32	-3.41	-2.94	-6.47	-4.56	-4.31	-4.58	-1
Cash from Financing Activity	-0.19	-0.12	-0.07	-0.89	-1.51	-1.51	0	0	-0.8	0	0	0	0	0
Net Cash Flow	0.41	0.52	-1.4	-7.22	-1.93	-1.8	4.61	1.54	0.9	-0.92	-0.22	-3.47	3.32	-1.37

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	44.38	44.38	44.38	44.38	44.38	44.38	44.38	44.38	44.38	44.38	44.38	44.38	44.38	44.38	44.38	44.38
Reserves	54.36	51.18	47.27	45.08	38.99	30.13	26.75	19.9	15.83	13.86	12.13	9.98	4.67	1.91	-2.68	-2.99
Borrowings	0	3.06	0.01	0	0	2.79	0	0	0	0	0.03	1.58	0	0	0	0
Other Liabilities	24.4	18.17	26.43	41.44	22.97	20.08	21.33	19.91	13.94	9.3	24.47	24.39	8.66	6.2	9.6	5.6
Total Liabilities	123.14	116.79	118.09	130.9	106.34	97.38	92.46	84.19	74.15	67.54	81.01	80.33	57.71	52.49	51.3	46.99
Fixed Assets	3.05	0.58	3.13	3.27	3.32	3.55	3.71	3.37	3.33	3.58	3.73	4.07	4.53	5.06	5.66	6.48
CWIP	0	0	0	0	0	0	0.13	0	0	0	0	0	0	0	0	0
Investments	3.02	4.66	1.83	2.51	2.44	1.37	1.3	0.8	0.19	0.45	1.24	2.1	3.04	3.47	3.4	4.37
Other Assets	117.07	111.55	113.13	125.12	100.58	92.46	87.32	80.02	70.63	63.51	76.04	74.16	50.14	43.96	42.24	36.14
Total Assets	123.14	116.79	118.09	130.9	106.34	97.38	92.46	84.19	74.15	67.54	81.01	80.33	57.71	52.49	51.3	46.99

Delivery

#	Date	32 16% 37	Value (Cr)	Q/T 116	Del 61	Del 0
1	22-Jul	33	0	85	70	0
2	21-Jul	33	0	57	69	0
3	20-Jul	33	0	78	67	0
4	17-Jul	33	0	68	65	0
5	16-Jul	33	0	63	59	0
6	15-Jul	33	0	63	63	0
7	14-Jul	33	0	48	61	0
8	13-Jul	33	0	68	67	0
9	10-Jul	34	0	56	51	0
10	9-Jul	33	0	101	53	0
11	8-Jul	34	0	97	56	0
12	7-Jul	36	2	149	40	1
13	6-Jul	34	0	192	70	0
14	3-Jul	33	0	104	75	0
15	2-Jul	33	0	81	56	0
16	1-Jul	33	0	51	61	0
17	30-Jun	33	0	51	69	0
18	29-Jun	33	0	40	58	0
19	25-Jun	34	0	81	54	0
20	24-Jun	33	0	71	67	0
21	23-Jun	33	0	146	84	0
22	22-Jun	34	0	88	68	0
23	19-Jun	34	0	101	74	0
24	18-Jun	34	0	103	64	0
25	17-Jun	35	1	171	44	0
26	16-Jun	34	0	100	53	0
27	15-Jun	34	0	85	54	0
28	12-Jun	33	0	83	47	0
29	11-Jun	33	0	67	62	0
30	10-Jun	33	0	104	75	0
31	9-Jun	33	0	136	47	0
32	8-Jun	33	0	72	63	0
33	5-Jun	34	0	104	38	0
34	4-Jun	33	0	70	56	0
35	3-Jun	33	0	70	52	0
36	2-Jun	33	0	104	53	0
37	1-Jun	33	0	84	61	0
38	29-May	33	0	98	81	0
39	27-May	33	0	165	71	0
40	26-May	34	0	100	67	0
41	25-May	34	0	98	53	0
42	22-May	34	0	77	75	0
43	21-May	34	0	103	69	0
44	20-May	34	0	84	59	0
45	19-May	34	0	95	52	0
46	18-May	34	0	77	48	0
47	15-May	33	0	53	70	0
48	14-May	34	0	92	61	0

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	144c	9L	0.06
22-Jul	144c	3c	2.20
21-Jul	148c	67L	0.45
17-Jul	147c	75L	0.51
16-Jul	148c	44L	0.30
15-Jul	148c	13L	0.09
14-Jul	148c	0	0
13-Jul	148c	84L	0.57
10-Jul	149c	84L	0.57
09-Jul	148c	2c	1.47
08-Jul	150c	8c	4.96
07-Jul	158c	4c	2.80
06-Jul	154c	5c	3.58
02-Jul	149c	31L	0.21
01-Jul	148c	98L	0.66
30-Jun	147c	84L	0.57
29-Jun	148c	2c	1.62
26-Jun	151c	1c	0.95
25-Jun	149c	58L	0.39
24-Jun	149c	1c	0.72
23-Jun	148c	2c	1.57
22-Jun	150c	27L	0.18
19-Jun	150c	2c	1.02
18-Jun	152c	1c	0.87
17-Jun	153c	3c	2.07
16-Jun	150c	13L	0.09
15-Jun	150c	1c	0.96
12-Jun	148c	62L	0.42
11-Jun	148c	27L	0.18
10-Jun	148c	0	0

Stock Checklist

Price is below from 52 week high low average: 55%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

No mutual fund holding data available.

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