Key Metrics 
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10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
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
₹26.20 0.30 (1.16%)
As on 23-Sep'26 13:38
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
₹26.20 0.30 (1.16%)
As on 23-Sep'26 13:38
Key Metrics
Valuation Multiples
Market Cap
₹115 Cr.
Current Price
₹26.2
52-Week Low / High
₹25 / 47
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
47.8
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-6.24%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
64.84%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹44.4 Cr.
Face Value
₹10
All Time Low / High
₹0.70 / 60.70
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is Indbank Merchant Banking Services Ltd a good quality company?
Indbank Merchant Banking Services Ltd is a weak quality company, based on a inconsistent 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?
Revenue growth of Indbank Merchant Banking Services Ltd vs industry peers?
Indbank Merchant Banking Services Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
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.
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 9.2% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.3% | 9.9% | 5.8% | 7.5% | 10.3% | 14.9% | 8.1% | 14.6% | 13.4% | 10.4% | - |
| Value Creation Index ⓘ | -0.1 | -0.3 | -0.6 | -0.5 | -0.3 | 0.1 | -0.4 | 0.0 | 0.0 | NA | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 9.2 | 11.7 | 8.1 | 8.8 | 12 | 20.6 | 18.3 | 24.9 | 26.8 | 25.1 | 25 |
| Sales YoY Gr. | - | 26.9% | -30.4% | 8% | 36.9% | 71.7% | -11.4% | 36.3% | 7.5% | -6.2% | - |
| Adj EPS ⓘ | 1.2 | 0.5 | 0.4 | 0.5 | 0.9 | 1.6 | 0.6 | 1.8 | 1.9 | 1.6 | 1.6 |
| YoY Gr. | - | -58.3% | -20% | 17.5% | 93.6% | 72.5% | -60.5% | 191.9% | 5.5% | -17.3% | - |
| BVPS (₹) ⓘ | 12.3 | 12.7 | 13.1 | 13.6 | 14.5 | 16 | 16.8 | 18.8 | 20.7 | 22.3 | 22.8 |
| Adj Net Profit ⓘ | 5.3 | 2.2 | 1.8 | 2.1 | 4.1 | 7 | 2.7 | 8 | 8.5 | 7 | 7 |
| Cash Flow from Ops. ⓘ | 5.6 | 4.7 | 5 | 14.9 | 8.1 | 0.6 | -5.3 | -1.2 | -0.1 | 2.1 | - |
| Debt/CF from Ops. ⓘ | 0.3 | 0 | 0 | 0 | 0 | 0 | -0.5 | 0 | -0.1 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.8% | 15.9% | 11.2% | -6.2% | ||||
| Adj EPS ⓘ | 3.1% | 11.7% | 36.6% | -17.3% | ||||
| BVPSⓘ | 6.9% | 9% | 9.8% | 7.8% | ||||
| Share Price | 9.3% | 2.4% | -11.7% | -20.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 10.3 | 4 | 3.1 | 3.5 | 6.5 | 10.3 | 3.8 | 10.2 | 9.7 | 7.4 | 7.2 |
| Op. Profit Mgn % ⓘ | -10.1 | 37.5 | 14.5 | 2.7 | -7 | 31.3 | 34.5 | 48.5 | 45.4 | 40.1 | 40.9 |
| Net Profit Mgn % ⓘ | 58 | 19 | 21.8 | 23.8 | 33.8 | 33.8 | 15 | 32.3 | 31.6 | 27.9 | 28.7 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 1,157 | 1,141 | 1,460 | 1,197 | 1,087 | 538 | 453 | 402 | 480 | 518 | 758 |
| Cash Conv. Cycle ⓘ | 324 | 269 | 297 | 128 | 63 | 36 | 38 | 42 | 72 | 90 | 606 |
Valuation of Indbank Merchant - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
No data found!
No data found!
No data found!
No data found!
Top 5 Mutual Funds Holding
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Announcements
Indbank Merchant Banking Services Ltd FAQs
The current trading price of Indbank Merchant on 23-Sep-2026 13:38 is ₹26.20.
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 22-Sep-2026 the market cap of Indbank Merchant stood at ₹114.9 Cr
The latest P/E ratio of Indbank Merchant as of 22-Sep-2026 is 15.84.
The latest P/B ratio of Indbank Merchant as of 22-Sep-2026 is 1.14.
The 52-week high of Indbank Merchant is ₹47.00 and the 52-week low is ₹24.76.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indbank Merchant is ₹25.17 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indbank Merchant Banking Services Ltd is a below 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 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.
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,
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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