Indbank Merchant Banking Services Ltd - Stock Valuation and Financial Performance

BSE: 511473 | NSE: INDBANK | Finance - Stock Broking | Small Cap

Indbank Merch. Bankg Share Price

42.95 0.51 1.20%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Indbank Merch. Bankg

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Indbank Merchant Banking Services stock performance -

mw4me loader
P/E Ratio (SA):
26.76
Market Cap:
188.3 Cr.
52-wk low:
20.9
52-wk high:
60.7

Is Indbank Merchant Banking Services Ltd an attractive stock to invest in?

1. Is Indbank Merchant Banking Services Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indbank Merchant Banking Services Ltd is a average quality company.

2. Is Indbank Merchant Banking Services Ltd undervalued or overvalued?

The key valuation ratios of Indbank Merchant Banking Services Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Indbank Merchant Banking Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indbank Merchant Banking Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Indbank Merch. Bankg:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indbank Merchant Banking Services Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 2.9%11.8%6%11.2%5.9%4.9%5.3%8.2%11.9%5.6%-
Value Creation
Index
-0.8-0.2-0.6-0.2-0.6-0.7-0.6-0.4-0.2-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6.19.27.69.211.78.18.81220.618.322
Sales YoY Gr.-51%-17.1%20.9%26.9%-30.4%8%36.9%71.7%-11.5%-
Adj EPS 0.31.10.61.20.50.40.50.91.60.81.6
YoY Gr.-348%-44.6%93.6%-58.3%-20%17.5%93.6%72.5%-49.7%-
BVPS (₹) 9.410.411.112.312.713.113.614.51616.818.2
Adj Net
Profit
1.152.85.32.21.82.14.173.57
Cash Flow from Ops. 7.90.84.35.64.7514.98.10.60-
Debt/CF from Ops. 0000.30000091.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13%9.4%27.7%-11.5%
Adj EPS 13.6%9.6%18.9%-49.7%
BVPS6.7%5.7%7.4%4.7%
Share Price 26.2% 34.7% 49.5% 101%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.611.35.810.343.13.56.510.34.89.1
Op. Profit
Mgn %
10.3-7.47.8-10.137.514.52.7-731.317.944.8
Net Profit
Mgn %
17.954.336.2581921.823.833.833.819.231.8
Debt to
Equity
0000000000-
Working Cap
Days
1,1818221,1381,1571,1411,4601,1971,087538454747
Cash Conv.
Cycle
218166312324269297128633638548

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.10%

Sales growth is growing at healthy rate in last 3 years 27.69%

Net Profit is growing at healthy rate in last 3 years 18.90%

Sales growth is good in last 4 quarters at 23.77%

No data to display

Latest Financials - Indbank Merchant Banking Services Ltd.

Standalone Consolidated
TTM EPS (₹) 1.6 -
TTM Sales (₹ Cr.) 22.2 -
BVPS (₹.) 18.2 -
Reserves (₹ Cr.) 37 -
P/BV 2.33 -
PE 26.76 -
From the Market
52 Week Low / High (₹) 20.90 / 60.70
All Time Low / High (₹) 0.70 / 60.70
Market Cap (₹ Cr.) 188
Equity (₹ Cr.) 44.4
Face Value (₹) 10
Industry PE 25.3

Management X-Ray of Indbank Merch. Bankg:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indbank Merch. Bankg

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income8191117151217192421
Interest Income69891289122118
Other Income 11038348743
Expenditure 613811111114151616
Interest Expense 0001222221
Operating Expenses 666677781012
Provisions 1725225543
Exceptional Items 0000000000
Profit Before Tax 1636423595
Taxes 0100201122
Profit After Tax 1535222474
Adjusted EPS (₹)0.31.10.61.20.50.40.50.91.60.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital42464954575860647175
Share Capital 44444444444444444444
Reserves -32510121416202730
Minority Interest0000000000
Long Term Borrowings-5-4-4-4-4-4-4-302
Current Liabilities 106911101014202123
Trade Payables0100000011
Short term borrowings0002000003
Other Liabilities0-10-20000-1-4
Total Liabilities 46485361636470819299

Assets

Non Current Asset 99827322131361920
Loan Asset 0000000000
Other Non Current Asset 99827322131361920
Current Asset 37404634314440457380
Current Investment0000000000
Other Current Asset37404634314440457380
Total Assets 46485361636470819299

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 81465515810
Cash Flow From Investing Activity -5-4-5-6-3-3-10-8-1-1
Cash Flow From Financing Activity 0000-100-2-2-1
Net Cash Flow 3-30-1125-2-2-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)0111100121
DPS (₹)0000000000
BVPS (₹)9101112131314141617

Performance Ratios

ROA (%)2.510.65.49.33.62.83.15.48.03.7
ROE (%)2.611.35.810.34.03.13.56.510.34.8
ROCE (%)3.014.16.812.39.95.87.510.314.98.1

Valuation Parameters

Price/Book(x)0.41.00.61.11.50.70.40.91.41.3

Indbank Merchant Banking Services Ltd Stock News

Indbank Merchant Banking Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indbank Merch. Bankg on 28-Mar-2024 16:01 is ₹42.95.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Indbank Merch. Bankg stood at ₹188.3.
The latest P/E ratio of Indbank Merch. Bankg as of 28-Mar-2024 16:01 is 26.76.
The latest P/B ratio of Indbank Merch. Bankg as of 28-Mar-2024 16:01 is 2.33.
The 52-week high of Indbank Merch. Bankg is ₹60.70 and the 52-week low is ₹20.90.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indbank Merch. Bankg is ₹22.16 ( Cr.) .

About Indbank Merchant Banking Services Ltd

Indbank Merchant Banking Services incorporated in 1989, is a subsidiary of Indian Bank. The company provides various types of services such as merchant banking, advisory services, stock broking, depository participant activities, distribution of mutual fund and other investment products, and online trading.

The company's branch offices are located at Chennai, Bangalore, Mumbai, Delhi, Coimbatore, Ahmedabad, Thirunelveli, Madurai, Hyderabad, Puducherry, Erode, Trichy, Pune and Tuticorin. In 2009 Indbank Merchant Banking Services opened a new branch office and launched Indbankonline Stock Trading Point at Pune.
Inauguration of Tuticorin Branch and Launching of Indbankonline Stock Trading Point too, took place same year.

Business area

Merchant Banking- The company is registered member of Securities Exchange Board of India (SEBI) and plays various roles like Lead Manager, Co-Manager, Advisor, Arranger, etc for public issues, rights issues and private placement.

Advisory Services- Under this, the company provides services in area of  valuation of shares and other financial instruments, syndication of loans, acquisitions, mergers and amalgamations, project counselling, appraisal and feasibility studies.

Stock Broking- The company is registered member of National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE), Madras Stock Exchange (MSE) and Over The Counter Exchange of India (OTCEI). Indbank Merchant Banking currently operates in the cash, derivatives and wholesale debt market segments of NSE for both retail and institutional investors.

Online Trading- The company provides online trading facility through its portal. The portal offers safe and secured way for trading in stock markets

Depository Participant Activities- Indbak is a SEBI-registered Depository Participant with National Securities & Depository Limited (NSDL).

Distribution of Mutual fund and other Investment products- Indbank distributes mutual fund and investment products. The company is registered Association of Mutual Funds of India (AMFI) for distribution of mutual fund products.

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