Indbank Merchant Banking Services Ltd Stock Analysis

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

BSE Share Price 23-Sep-2022 18:01
24.05 -0.55 (-2.24%)

DeciZen - Make an Informed Decision on Indbank Merch. Bankg

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

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Indbank Merch. Bankg Price Chart

P/E Ratio (SA) :
21.71
Market Cap :
106.7 Cr.
52-wk low :
17.7
52-wk high :
31.5
Bole Toh?

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 Somewhat 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % -2.2%0.1%2.9%11.8%6%11.2%5.9%4.9%5.3%8.2%-
Value Creation Index -1.2-1.0-0.8-0.2-0.6-0.2-0.6-0.7-0.6-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 75.36.19.27.69.211.78.18.81217
YoY Gr. Rt. %--25.1%15.8%51%-17.1%20.9%26.9%-30.4%8%36.9%-
Adj EPS -0.200.31.10.61.20.50.40.50.91.1
YoY Gr. Rt. %-NANA348%-44.6%93.6%-58.3%-20%17.5%93.6%-
BVPS (₹) 9.29.39.410.411.112.312.713.113.614.515.9
Adj Net Profit -0.901.152.85.32.21.82.14.15
Cash Flow from Ops. -0.5-0.47.90.84.35.64.7514.96.1-
Debt/CF from Ops. 000000.30000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.2%9.6%1%36.9%
Adj EPS NA8%22.1%93.6%
BVPS 5.25.64.46.7
Share Price 14.2% 3.5% 47.3% 5.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -2.20.12.611.35.810.343.13.56.57.3
Op. Profit Mgn % -49.7-23.710.3-7.47.8-10.137.514.52.7-7-7.3
Net Profit Mgn % -12.50.417.954.336.2581921.823.833.828.6
Debt to Equity 0000000000-
Working Cap Days 1,1291,5321,1818221,1381,1571,1411,4601,1971,0870
Cash Conv. Cycle 270347218166312324269297128630

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.30%

Net Profit is growing at healthy rate in last 3 years 22.09%

Sales growth is good in last 4 quarters at 37.93%

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - Indbank Merchant Banking Services Ltd.

Standalone Consolidated
TTM EPS (₹) 1.1 -
TTM Sales (₹ Cr.) 17.2 -
BVPS (₹.) 15.9 -
Reserves (₹ Cr.) 26 -
P/BV 1.52 -
PE 21.71 -
From the Market
52 Week Low / High (₹) 17.65 / 31.45
All Time Low / High (₹) 0.70 / 60.00
Market Cap (₹ Cr.) 107
Equity (₹ Cr.) 44.4
Face Value (₹) 10
Industry PE 17.6

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 (%)

News

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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