Indbank Merchant Banking logo

Indbank Merchant Banking

INDBANK NSE

Key Fundamentals

MicrocapStock BrokingCapital Markets
Market Cap
₹123 Cr
Volatility
Low Risk
P/E Ratio
16.65
EBITDA
₹10.10 Cr
Return on Equity
7.11%
Debt to Equity
0
Book Value
₹22.25
EPS
₹2.11
52W High
₹47.15
52W Low
₹26.4

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company is almost debt free.

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.8% over past five years.
  • Company has a low return on equity of 9.08% over last 3 years.

Growth Rate

Revenue Growth
-5.97% lower than 3Y
Net Income Growth
-17.65% lower than 3Y
Cash Flow Change
—
ROE
-22.97% lower than 3Y
ROCE
-21.37% higher than 3Y
EBITDA Margin (Avg.)
-10.89% higher than 3Y

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
5.43
6.04
6.6
6.86
7.7
8.13
5.63
5.31
6.69
6.28
6.25
5.89
6.9
Expenses
3.35
2.73
3.24
3.54
3.86
3.62
3.6
3.65
3.78
3.63
3.59
4.06
3.74
Operating Profit
2.08
3.31
3.36
3.32
3.84
4.51
2.03
1.66
2.91
2.65
2.66
1.83
3.16
OPM %
38.31%
54.8%
50.91%
48.4%
49.87%
55.47%
36.06%
31.26%
43.5%
42.2%
42.56%
31.07%
45.8%
Other Income
0.01
0.01
0.01
0.96
0.01
0
0.02
0
0
0.01
0
0.13
0
Interest
0.03
0.03
0
0.01
0.02
0.02
0.05
0.04
0.07
0.09
0.02
0.01
0.01
Depreciation
0.09
0.09
0.1
0.09
0.12
0.11
0.11
0.1
0.06
0.06
0.06
0.07
0.07
PBT
1.97
3.2
3.27
4.18
3.71
4.38
1.89
1.52
2.78
2.51
2.58
1.88
3.08
Tax %
22.84%
24.38%
21.71%
39.95%
23.18%
24.66%
38.1%
25%
23.02%
26.29%
25.97%
35.64%
23.05%
Net Profit
1.52
2.42
2.56
2.5
2.85
3.3
1.17
1.14
2.14
1.86
1.92
1.21
2.38
EPS in Rs
0.34
0.55
0.58
0.56
0.64
0.74
0.26
0.26
0.48
0.42
0.43
0.27
0.54
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
25.32
Expenses
5.85
5.77
10.13
8.65
8.95
12.48
12.87
14.17
12.74
13.8
14.61
15.15
15.02
Operating Profit
4.26
3.26
0.41
5.17
1.44
-1.01
2.04
6.45
5.5
10.96
11.96
9.8
10.3
OPM %
42.14%
36.1%
3.89%
37.41%
13.86%
-8.81%
13.68%
31.28%
30.15%
44.26%
45.01%
39.28%
40.68%
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
0.14
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
0.13
Depreciation
0.69
0.6
0.53
0.43
0.23
0.3
0.19
0.2
0.37
0.38
0.44
0.24
0.26
PBT
5.91
3.14
5.62
3.97
1.81
2.94
4.88
8.55
5.86
12.61
11.5
9.76
10.05
Tax %
15.4%
12.1%
5.16%
44.08%
2.76%
28.91%
17.01%
18.6%
40.1%
28.63%
26.43%
27.05%
—
Net Profit
4.99
2.76
5.34
2.22
1.77
2.09
4.06
6.96
3.5
9
8.46
7.12
7.37
EPS in Rs
1.12
0.62
1.2
0.5
0.4
0.47
0.91
1.57
0.79
2.03
1.91
1.6
1.66
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
Reserves
1.91
4.67
9.98
12.13
13.86
15.83
19.9
26.75
30.13
38.99
47.27
54.36
Borrowings
0
0
1.58
0.03
0
0
0
0
2.79
0
0.01
0
Other Liabilities
6.2
8.66
24.39
24.47
9.3
13.94
19.91
21.33
20.08
22.97
26.23
24.4
Total Liabilities
52.49
57.71
80.33
81.01
67.54
74.15
84.19
92.46
97.38
106
118
123
Fixed Assets
5.06
4.53
4.07
3.73
3.58
3.33
3.37
3.71
3.55
3.32
3.13
3.05
CWIP
0
0
0
0
0
0
0
0.13
0
0
0
0
Investments
3.47
3.04
2.1
1.24
0.45
0.19
0.8
1.3
1.37
2.44
1.83
3.02
Other Assets
43.96
50.14
74.16
76.04
63.51
70.63
80.02
87.32
92.46
101
113
117
Total Assets
52.49
57.71
80.33
81.01
67.54
74.15
84.19
92.46
97.38
106
118
123
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0.84
4.34
5.55
4.65
4.95
14.92
8.14
0.55
-5.3
-1.16
-0.07
2.05
Investing
-4.31
-4.56
-6.47
-2.94
-3.41
-10.32
-8.44
-0.98
-1.03
-0.17
0.56
-1.44
Financing
0
0
0
-0.8
0
0
-1.51
-1.51
-0.89
-0.07
-0.12
-0.19
Net Cash Flow
-3.47
-0.22
-0.92
0.9
1.54
4.61
-1.8
-1.93
-7.22
-1.4
0.37
0.41
Free Cash Flow
0.4
4.27
5.47
4.56
4.87
14.88
7.94
-0.12
-5.39
-1.3
-0.32
1.88
CFO/OP
20
133
1,354
123
350
-1,528
405
30
-81
11
29
42
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
235
300
319
211
184
29.28
78.58
59.65
82.45
67.52
81.87
93.33
Cash Conversion Cycle
235
300
319
211
184
29.28
78.58
59.65
82.45
67.52
81.87
93.33
Working Capital Days
600
625
588
452
-23.19
-308
-287
-71.87
1.4
71.94
-29.67
58.81
ROCE %
14%
6.8%
12.36%
9.87%
5.68%
7.51%
10.27%
14.89%
7.02%
13.41%
13.44%
10.26%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs0.09%Promot.64.84%Others5.91%Public29.16%As ofJun 2026

Documents

Frequently Asked Questions about Indbank Merchant Banking

What does Indbank Merchant Banking Services Ltd do?
Incorporated in 1989, Indbank Merchant Banking Services Ltd. is engaged in Merchant Banking, Stock Broking, Depository Participant and allied activities.
Where is Indbank Merchant Banking Services Ltd (INDBANK) listed?
Indbank Merchant Banking Services Ltd trades as INDBANK on the NSE and under code 511473 on the BSE.
Which sector does Indbank Merchant Banking Services Ltd belong to?
Indbank Merchant Banking Services Ltd is classified under the Capital Markets sector, in the Stock Broking industry.
What is the market capitalisation of Indbank Merchant Banking Services Ltd?
Indbank Merchant Banking Services Ltd has a market capitalisation of ₹122.71 Cr, which places it in the Small Cap band.
What is the PE ratio of Indbank Merchant Banking Services Ltd?
Indbank Merchant Banking Services Ltd trades at a PE ratio of 16.65, on earnings per share of ₹2.11, against a book value of ₹22.25 per share.
What is the 52-week high and low of Indbank Merchant Banking Services Ltd?
Over the last 52 weeks Indbank Merchant Banking Services Ltd has traded between ₹26.4 and ₹47.15.
What is the Return on Equity (ROE) of Indbank Merchant Banking Services Ltd?
Indbank Merchant Banking Services Ltd reported a return on equity of 7.11%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1989, Indbank Merchant Banking Services Ltd. is engaged in Merchant Banking, Stock Broking, Depository Participant and allied activities.

Website indbankonline.com
CEO Mr. V. Haribabu
Employees 100
Listed 2008-10-08
Face Value ₹ 10
Issued Size 4,43,78,200

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