What is Indbank Merchant Banking Services Ltd (INDBANK) share price return in the past 10 years?

Indbank Merchant Banking Services Ltd share price has appreciated 15.2% annually (CAGR) over the past ten years.

What is the share price of Indbank Merchant Banking Services Ltd (INDBANK)?

Company share prices are keep on changing according to the market conditions. The current trading price of Indbank Merchant Banking Services Ltd (INDBANK) on 02-Jul-2026 16:59:59 at 16:59 is 33.43.

What is the P/E ratio of Indbank Merchant Banking Services?

The latest standalone P/E ratio of Indbank Merchant Banking Services as of 02-Jul-2026 is 21.14.

What is the P/B ratio of Indbank Merchant Banking Services Ltd (INDBANK)?

The latest standalone P/B ratio of Indbank Merchant Banking Services Ltd (INDBANK) as of 02-Jul-2026 is 1.50.

What is the 52-week high and low of Indbank Merchant Banking Services Ltd (INDBANK)?

The 52-week high of Indbank Merchant Banking Services Ltd (INDBANK) is Rs. 47.00 and the 52-week low is Rs. 29.00.

Indbank Merchant Banking Services Ltd (INDBANK) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Indbank Merchant Banking Services Ltd (INDBANK)
Brand: Indbank Merchant Banking Services

Indbank Merchant Banking Services Ltd (INDBANK)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 511473 NSE: INDBANK Finance - Stock Broking | Small Cap | Indbank Merchant Share Price

Indbank Merchant Banking Services Ltd (INDBANK)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 511473 NSE: INDBANK Finance - Stock Broking | Small Cap | Indbank Merchant Share Price

Key Metrics

Valuation Multiples

Market Cap

₹148 Cr.

Current Price

₹33.4

52-Week Low / High

₹29 / 47

TTM EPS

₹1.6

TTM Sales

₹25 Cr.

Book Value per Share

₹22.3

P/E Ratio

21.14

In line with its 5-year historical median

Industry PE

51.1

Price to Book (P/B)

1.50

Lower than its 5-year historical median

Price to Sales (P/S)

5.95

Lower than its 5-year historical median

EV/EBITDA

6.11

Lower than its 5-year historical median

Dividend Yield

Profitability Efficiency

Return on Equity (ROE)

9.67%

Outperforms industry median

Return on Capital Employed (ROCE)

13.44%

Outperforms industry median

Return on Assets (ROA)

7.46%

Operating Profit Margin

45.4%

Net Profit Margin

31.61%

Gross Profit Margin

44.6%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

7.46%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

0.75%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

5.22%

Asset Quality

Promoter Holding

64.84%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹54 Cr.

Equity

₹44.4 Cr.

Face Value

₹10

All Time Low / High

₹0.70 / 60.70

Indbank Merchant Banking Services stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

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

Indbank Merchant Banking Services Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Indbank Merchant Banking Services Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Indbank Merchant Banking Services Ltd vs industry peers?

Indbank Merchant Banking Services Ltd revenue CAGR is 25.02%, compared to the industry median CAGR of 16.32%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Indbank Merchant Banking Services Ltd?

Promoters hold 64.84% of the Indbank Merchant Banking Services Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Indbank Merchant Banking Services Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 17.1% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	6.8%	12.3%	9.9%	5.8%	7.5%	10.3%	14.9%	8.1%	14.6%	13.4%	-
Value Creation Index ⓘ	-0.5	-0.1	-0.3	-0.6	-0.5	-0.3	0.1	-0.4	0.0	0.0	-
Growth Parameters ⓘ
Sales ⓘ	7.6	9.2	11.7	8.1	8.8	12	20.6	18.3	24.9	26.8	25
Sales YoY Gr.	-	20.9%	26.9%	-30.4%	8%	36.9%	71.7%	-11.4%	36.3%	7.5%	-
Adj EPS ⓘ	0.6	1.2	0.5	0.4	0.5	0.9	1.6	0.6	1.8	1.9	1.6
YoY Gr.	-	93.6%	-58.3%	-20%	17.5%	93.6%	72.5%	-60.5%	191.9%	5.5%	-
BVPS (₹) ⓘ	11.1	12.3	12.7	13.1	13.6	14.5	16	16.8	18.8	20.7	22.3
Adj Net Profit ⓘ	2.8	5.3	2.2	1.8	2.1	4.1	7	2.7	8	8.5	7
Cash Flow from Ops. ⓘ	4.3	5.6	4.7	5	14.9	8.1	0.6	-5.3	-1.2	0.1	-
Debt/CF from Ops. ⓘ	0	0.3	0	0	0	0	0	-0.5	0	0.1	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15%	25%	9.1%	7.5%
Adj EPS ⓘ	13.3%	32.4%	6.8%	5.5%
BVPSⓘ	7.2%	8.8%	8.8%	9.9%
Share Price	15.2%	7.9%	6%	-4.8%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	5.8	10.3	4	3.1	3.5	6.5	10.3	3.8	10.2	9.7	7.4
Op. Profit Mgn % ⓘ	7.8	-10.1	37.5	14.5	2.7	-7	31.3	34.5	48.5	45.4	40.3
Net Profit Mgn % ⓘ	36.2	58	19	21.8	23.8	33.8	33.8	15	32.3	31.6	28.1
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	1,138	1,157	1,141	1,460	1,197	1,087	538	453	402	481	758
Cash Conv. Cycle ⓘ	312	324	269	297	128	63	36	38	42	72	606

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Income +	11	17	15	12	17	19	24	18	25	27
Interest Income	8	9	12	8	9	12	21	18	25	27
Other Income ⓘ	2	5	2	2	5	5	4	0	0	1
Exceptional Items ⓘ	3	8	3	4	8	7	4	0	0	0
Expenditure ⓘ +	8	11	11	11	14	15	16	13	13	15
Interest Expense ⓘ	0	1	2	2	2	2	2	1	0	0
Operating Expenses ⓘ	6	6	7	7	7	8	10	12	13	14
Provisions	2	5	2	2	5	5	4	0	0	1
Exceptional Items ⓘ	-0	-0	-0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	3	6	4	2	3	5	9	5	12	11
Taxes ⓘ	0	0	2	0	1	1	2	2	4	3
Profit After Tax	3	5	2	2	2	4	7	3	8	8
Adjusted EPS (₹)	0.6	1.2	0.5	0.4	0.5	0.9	1.6	0.6	1.8	1.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Valuation of Indbank Merchant - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Equity Capital +	49	54	57	58	60	64	71	75	83	92
Share Capital ⓘ	44	44	44	44	44	44	44	44	44	44
Reserves ⓘ	5	10	12	14	16	20	27	30	39	47
Short term borrowings	0	2	0	0	0	0	0	3	0	0
Long Term Borrowings	-4	-4	-4	-4	-4	-3	0	2	0	0
Current Liabilities	9	11	10	10	14	20	21	23	24	28
Trade Payables	0	0	0	0	0	0	1	1	0	0
Other Liabilities	-0	-2	-0	0	-0	-0	-1	-4	0	-0
Total Liabilities ⓘ	53	61	63	64	70	81	92	99	107	120
Assets
Non Current Asset +	8	27	32	21	31	36	19	20	16	12
Loan Asset	0	0	0	0	0	0	0	0	0	0
Other Non Current Asset ⓘ	8	27	32	21	31	36	19	20	16	12
Current Asset +	46	34	31	44	40	45	73	80	91	108
Current Investment	0	0	0	0	0	0	0	0	0	0
Other Current Asset	46	34	31	44	40	45	73	80	91	108
Total Assets ⓘ	53	61	63	64	70	81	92	99	107	120

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ	4	6	5	5	15	8	1	-5	-1	0
Cash Flow From Investing Activity ⓘ	-5	-6	-3	-3	-10	-8	-1	-1	-0	1
Cash Flow From Financing Activity ⓘ	0	0	-1	0	0	-2	-2	-1	-0	-0
Net Cash Flow ⓘ	-0	-1	1	2	5	-2	-2	-7	-1	1

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Operational & Financial Ratios
EPS (₹)	0.60	1.20	0.50	0.40	0.50	0.90	1.60	0.60	1.80	1.90
DPS (₹)	0	0	0	0	0	0	0	0	0	0
BVPS (₹)	11.1	12.3	12.7	13.1	13.6	14.5	16	16.8	18.8	20.7
Performance Ratios
ROA (%)	5.4	9.3	3.6	2.8	3.1	5.4	8.0	2.9	7.8	7.5
ROE (%)	5.8	10.3	4.0	3.1	3.5	6.5	10.3	3.8	10.2	9.7
ROCE (%)	6.8	12.3	9.9	5.8	7.5	10.3	14.9	8.1	14.6	13.4
Valuation Parameters
Price/Book(x)	0.6	1.1	1.5	0.7	0.4	0.9	1.4	1.3	2.3	1.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Indbank Merchant Banking Services Ltd FAQs

The current trading price of Indbank Merchant on 02-Jul-2026 16:59 is ₹33.43.

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 01-Jul-2026 the market cap of Indbank Merchant stood at ₹148.4 Cr

The latest P/E ratio of Indbank Merchant as of 01-Jul-2026 is 21.14.

The latest P/B ratio of Indbank Merchant as of 01-Jul-2026 is 1.50.

The 52-week high of Indbank Merchant is ₹47.00 and the 52-week low is ₹29.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indbank Merchant is ₹24.95 ( Cr.) .

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

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

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

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.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Indbank Merchant Banking Services Ltd (INDBANK)

Indbank Merchant Banking Services Ltd (INDBANK)

Indbank Merchant Banking Services stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Indbank Merchant - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Assets

Cash Flow

Financial Ratio

Operational & Financial Ratios

Performance Ratios

Valuation Parameters

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Indbank Merchant Banking Services Ltd FAQs

What is the share price of Indbank Merchant?

What is the market cap of Indbank Merchant?

What is the P/E ratio of Indbank Merchant?

What is the P/B ratio of Indbank Merchant?

What is the 52-week high and low of Indbank Merchant?

What is the TTM revenue of Indbank Merchant?

Is Indbank Merchant Banking Services Ltd a good quality company?

Is Indbank Merchant Banking Services Ltd undervalued or overvalued?

Is Indbank Merchant Banking Services Ltd a good buy now?

About Indbank Merchant Banking Services Ltd

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