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BSE: 511473 | NSE: INDBANK | Finance - Stock Broking | Small Cap
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | TTM | |||
| 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 ⓘ | 7 | 5.3 | 6.1 | 9.2 | 7.6 | 9.2 | 11.7 | 8.1 | 8.8 | 12 | 17 | ||
| YoY Gr. Rt. % | - | -25.1% | 15.8% | 51% | -17.1% | 20.9% | 26.9% | -30.4% | 8% | 36.9% | - | ||
| Adj EPS ⓘ | -0.2 | 0 | 0.3 | 1.1 | 0.6 | 1.2 | 0.5 | 0.4 | 0.5 | 0.9 | 1.1 | ||
| YoY Gr. Rt. % | - | NA | NA | 348% | -44.6% | 93.6% | -58.3% | -20% | 17.5% | 93.6% | - | ||
| BVPS (₹) ⓘ | 9.2 | 9.3 | 9.4 | 10.4 | 11.1 | 12.3 | 12.7 | 13.1 | 13.6 | 14.5 | 15.9 | ||
| Adj Net Profit ⓘ | -0.9 | 0 | 1.1 | 5 | 2.8 | 5.3 | 2.2 | 1.8 | 2.1 | 4.1 | 5 | ||
| Cash Flow from Ops. ⓘ | -0.5 | -0.4 | 7.9 | 0.8 | 4.3 | 5.6 | 4.7 | 5 | 14.9 | 6.1 | - | ||
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0.3 | 0 | 0 | 0 | 0 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 6.2% | 9.6% | 1% | 36.9% | ||||||||
| Adj EPS ⓘ | NA | 8% | 22.1% | 93.6% | ||||||||
| BVPS ⓘ | 5.2 | 5.6 | 4.4 | 6.7 | ||||||||
| Share Price | 14.2% | 3.5% | 47.3% | 5.3% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | TTM | ||
| Return on Equity % ⓘ | -2.2 | 0.1 | 2.6 | 11.3 | 5.8 | 10.3 | 4 | 3.1 | 3.5 | 6.5 | 7.3 | |
| Op. Profit Mgn % ⓘ | -49.7 | -23.7 | 10.3 | -7.4 | 7.8 | -10.1 | 37.5 | 14.5 | 2.7 | -7 | -7.3 | |
| Net Profit Mgn % ⓘ | -12.5 | 0.4 | 17.9 | 54.3 | 36.2 | 58 | 19 | 21.8 | 23.8 | 33.8 | 28.6 | |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Working Cap Days ⓘ | 1,129 | 1,532 | 1,181 | 822 | 1,138 | 1,157 | 1,141 | 1,460 | 1,197 | 1,087 | 0 | |
| Cash Conv. Cycle ⓘ | 270 | 347 | 218 | 166 | 312 | 324 | 269 | 297 | 128 | 63 | 0 | |
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%
| 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 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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,
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.
