Nifty

:

22520.45

Sensex

:

72472.33

288.65 (1.30%)
879.09 (1.23%)

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Nifty
Sensex

:
:

22520.45
72472.33

288.65 (1.30%)
879.09 (1.23%)

Indbank Merchant Banking Services Ltd.

Finance - Stock Broking

Rating :

36/99

BSE: 511473 | NSE: INDBANK

Watchlist

NSE BSE

25.58

09-Oct-2026

Open
High
Low
Previous Close

25.79
26
25.04
25.14

Volume
Traded Value (lacs)
52 Week High
52 Week Low

30212
773457.18
44.78
24.21

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

113.87
16.23
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

23.10
N/A
1.13

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

10.56
4.02
0.25

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
9.32
-3.57

PAT CAGR (%)

10 Years
5 Years
3 Years

2.77
0.17
-4.42

P:E (Median)

8 Years
5 Years
3 Years

20.31
21.26
21.45

P:BV (Average)

8 Years
5 Years
3 Years

1.57
1.78
1.92

EV:EBITDA (Average)

8 Years
5 Years
3 Years

6.81
8.72
8.26

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Sep 26 Sep 25 Var% Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var%
Net Sales 6.36 6.28 1.27% 6.90 6.69 3.14% 5.89 5.31 10.92% 6.25 5.63 11.01%
Expenses 4.08 3.63 12.40% 3.75 3.78 -0.79% 4.07 3.66 11.20% 3.60 3.60 0.00%
EBITDA 2.28 2.65 -13.96% 3.16 2.91 8.59% 1.82 1.65 10.30% 2.66 2.04 30.39%
EBIDTM 35.82% 42.19% 45.76% 43.53% 30.95% 31.10% 42.48% 36.16%
Other Income 0.04 0.01 300.00% 0.00 0.00 0 0.03 0.00 0 0.00 0.02 -100.00%
Interest 0.03 0.09 -66.67% 0.01 0.08 -87.50% 0.01 0.04 -75.00% 0.02 0.05 -60.00%
Depreciation 0.07 0.06 16.67% 0.07 0.06 16.67% 0.07 0.10 -30.00% 0.06 0.11 -45.45%
PBT 2.23 2.51 -11.16% 3.08 2.78 10.79% 1.77 1.52 16.45% 2.58 1.89 36.51%
Tax 0.61 0.66 -7.58% 0.71 0.65 9.23% 0.67 0.38 76.32% 0.67 0.72 -6.94%
PAT 1.62 1.86 -12.90% 2.38 2.14 11.21% 1.11 1.14 -2.63% 1.92 1.17 64.10%
PATM 25.42% 29.56% 34.40% 31.97% 18.76% 21.44% 30.67% 20.84%
EPS 0.36 0.42 -14.29% 0.53 0.48 10.42% 0.25 0.26 -3.85% 0.43 0.26 65.38%

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Expenses 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBITDA 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PBT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Tax 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PAT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores

Right to Left

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 25.40 25.11 26.78 24.92 18.28 20.62 12.01 8.77 8.12 11.67 9.20 Net Sales Growth 6.23% -6.24% 7.46% 36.32% -11.35% 71.69% 36.94% 8.00% -30.42% 26.85% Cost Of Goods Sold -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Gross Profit 25.41 25.11 26.78 24.92 18.28 20.62 12.01 8.77 8.12 11.67 9.20 GP Margin 100.03% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Total Expenditure 15.50 15.04 14.61 12.84 11.97 14.17 12.88 12.47 8.95 8.66 10.13 Power & Fuel Cost - 0.12 0.11 0.12 0.12 0.12 0.11 0.12 0.10 0.13 0.12 % Of Sales - 0.48% 0.41% 0.48% 0.66% 0.58% 0.92% 1.37% 1.23% 1.11% 1.30% Employee Cost - 9.28 8.97 8.37 7.59 6.93 6.03 4.96 4.38 4.26 3.74 % Of Sales - 36.96% 33.50% 33.59% 41.52% 33.61% 50.21% 56.56% 53.94% 36.50% 40.65% Manufacturing Exp. - 4.41 4.45 3.46 2.49 2.07 1.74 1.42 1.44 1.76 1.23 % Of Sales - 17.56% 16.62% 13.88% 13.62% 10.04% 14.49% 16.19% 17.73% 15.08% 13.37% General & Admin Exp. - 0.97 0.63 0.61 1.44 1.09 0.47 0.75 0.85 0.72 0.63 % Of Sales - 3.86% 2.35% 2.45% 7.88% 5.29% 3.91% 8.55% 10.47% 6.17% 6.85% Selling & Distn. Exp. - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 % Of Sales - 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Miscellaneous Exp. - 0.38 0.55 0.40 0.46 4.09 4.64 5.34 2.28 1.92 0.00 % Of Sales - 1.51% 2.05% 1.61% 2.52% 19.84% 38.63% 60.89% 28.08% 16.45% 49.24% EBITDA 9.92 10.07 12.17 12.08 6.31 6.45 -0.87 -3.70 -0.83 3.01 -0.93 EBITDA Margin 39.06% 40.10% 45.44% 48.48% 34.52% 31.28% -7.24% -42.19% -10.22% 25.79% -10.11% Other Income 0.07 0.04 0.03 0.02 0.04 3.83 7.46 8.47 4.33 2.97 7.95 Interest 0.07 0.22 0.26 0.08 0.89 1.53 1.53 1.52 1.53 1.58 0.81 Depreciation 0.27 0.24 0.44 0.38 0.37 0.20 0.19 0.30 0.23 0.43 0.53 PBT 9.66 9.65 11.50 11.65 5.09 8.55 4.88 2.94 1.74 3.97 5.68 Tax 2.66 2.64 3.04 3.61 2.35 1.59 0.83 0.85 0.05 1.74 0.29 Tax Rate 27.54% 27.36% 26.43% 30.99% 46.17% 18.60% 17.01% 28.91% 2.76% 43.83% 5.16% PAT 7.03 7.02 8.46 8.04 2.73 6.96 4.06 2.09 1.77 2.22 5.34 PAT before Minority Interest 7.03 7.02 8.46 8.04 2.73 6.96 4.06 2.09 1.77 2.22 5.34 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 27.68% 27.96% 31.59% 32.26% 14.93% 33.75% 33.81% 23.83% 21.80% 19.02% 58.04% PAT Growth 11.41% -17.02% 5.22% 194.51% -60.78% 71.43% 94.26% 18.08% -20.27% -58.43% EPS 1.58 1.58 1.91 1.81 0.61 1.57 0.91 0.47 0.40 0.50 1.20

Results Balance Sheet

Standalone Figures in Rs. Crores

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 98.74 91.65 83.37 74.51 71.13 64.28 60.21 58.23 56.51 54.36 Share Capital 44.38 44.38 44.38 44.38 44.38 44.38 44.38 44.38 44.38 44.38 Total Reserves 54.36 47.27 38.99 30.13 26.75 19.90 15.83 13.86 12.13 9.98 Non-Current Liabilities -1.32 0.09 0.04 2.02 0.48 -3.16 -3.87 -4.21 -4.17 -4.12 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 1.58 1.56 1.38 4.40 3.49 0.00 0.00 0.00 0.00 0.10 Current Liabilities 29.77 27.93 23.53 22.88 20.51 20.06 14.09 10.15 10.33 10.95 Trade Payables 0.00 0.00 0.00 1.00 1.14 0.00 0.00 0.00 0.00 0.00 Other Current Liabilities 23.98 24.34 21.22 17.60 18.12 17.14 11.34 7.95 8.38 8.77 Short Term Borrowings 0.00 0.01 0.00 2.79 0.00 0.00 0.00 0.00 0.03 1.58 Short Term Provisions 5.79 3.58 2.31 1.50 1.25 2.91 2.75 2.20 1.92 0.60 Total Liabilities 127.19 119.67 106.94 99.41 92.12 81.18 70.43 64.17 62.67 61.19 Net Block 0.63 0.63 0.74 0.90 0.98 0.56 0.45 0.62 0.69 0.96 Gross Block 5.11 5.14 4.96 5.07 4.86 4.54 4.38 4.50 4.60 1.95 Accumulated Depreciation 4.48 4.51 4.22 4.17 3.88 3.98 3.93 3.88 3.91 0.99 Non Current Assets 16.74 12.12 15.82 19.71 19.04 35.77 30.71 20.51 31.53 27.25 Capital Work in Progress 0.00 0.00 0.00 0.00 0.13 0.00 0.00 0.00 0.00 0.00 Non Current Investment 3.02 1.83 2.44 1.37 1.30 0.80 3.07 3.41 4.28 5.22 Long Term Loans & Adv. 0.00 0.00 0.00 14.55 13.68 13.39 13.12 11.93 11.63 11.93 Other Non Current Assets 10.31 6.77 9.74 0.24 0.24 18.22 14.08 4.54 14.94 9.14 Current Assets 110.45 107.54 91.12 79.70 73.08 45.40 39.72 43.67 31.13 33.94 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Sundry Debtors 6.38 5.96 4.58 4.12 3.37 3.21 0.92 5.25 7.97 9.20 Cash & Bank 82.13 81.72 62.98 69.89 66.19 37.05 35.32 34.18 18.70 21.05 Other Current Assets 21.94 5.21 10.64 0.95 3.52 5.15 3.48 4.23 4.46 3.69 Short Term Loans & Adv. 16.73 14.65 12.92 4.74 2.93 4.85 3.12 3.70 4.07 3.49 Net Current Assets 80.68 79.61 67.59 56.82 52.57 25.35 25.63 33.52 20.80 22.99 Total Assets 127.19 119.66 106.94 99.41 92.12 81.17 70.43 64.18 62.66 61.19

Cash Flow

Standalone Figures in Rs. Crores

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 2.05 -0.07 -1.16 -5.30 0.55 8.14 14.92 4.95 4.65 5.55 PBT 9.65 11.50 11.65 5.09 8.55 4.90 2.82 1.17 2.79 5.31 Adjustment 0.22 0.43 -0.41 2.32 1.87 1.68 5.58 3.64 3.12 1.85 Changes in Working Capital -5.75 -8.47 -9.99 -11.83 -8.49 1.69 8.55 1.75 2.01 -0.80 Cash after chg. in Working capital 4.13 3.46 1.25 -4.42 1.93 8.27 16.95 6.57 7.92 6.36 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 -1.52 -1.53 -1.58 -0.81 Tax Paid -2.08 -3.53 -2.40 -0.87 -1.37 -0.13 -0.51 -0.09 -1.70 0.00 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -1.44 0.56 -0.17 -1.03 -0.98 -8.44 -10.32 -3.41 -2.94 -6.47 Net Fixed Assets 0.03 -0.18 0.11 -0.08 -0.45 -0.16 0.12 0.10 -2.65 7.46 Net Investments -1.19 0.61 -1.07 -0.07 -0.50 2.27 0.34 0.87 0.94 -2.18 Others -0.28 0.13 0.79 -0.88 -0.03 -10.55 -10.78 -4.38 -1.23 -11.75 Cash from Financing Activity -0.19 -0.12 -0.07 -0.89 -1.51 -1.51 0.00 0.00 -0.80 0.00 Net Cash Inflow / Outflow 0.41 0.37 -1.40 -7.22 -1.93 -1.80 4.61 1.54 0.90 -0.92 Opening Cash & Equivalents 1.00 0.63 2.03 9.25 11.17 11.52 6.91 0.43 -0.47 0.44 Closing Cash & Equivalent 1.41 1.00 0.63 2.03 9.25 9.71 11.52 1.97 0.43 -0.47

Financial Ratios

Standalone

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 22.25 20.65 18.79 16.79 16.03 14.48 13.57 13.12 12.73 12.25 ROA 5.69% 7.47% 7.79% 2.85% 8.04% 5.35% 3.10% 2.78% 3.59% 9.31% ROE 7.37% 9.67% 10.18% 3.75% 10.28% 6.52% 3.53% 3.08% 4.01% 10.32% ROCE 10.37% 13.44% 14.60% 8.05% 14.90% 10.30% 7.53% 5.82% 9.85% 12.26% Fixed Asset Turnover 4.90 5.30 4.97 3.68 4.39 2.69 1.98 1.78 3.56 1.62 Receivable days 89.73 71.89 63.74 74.81 58.18 62.64 128.43 297.37 268.57 329.78 Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Payable days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.55 Cash Conversion Cycle 89.73 71.89 63.74 74.81 58.18 62.64 128.43 297.37 268.57 324.23 Total Debt/Equity 0.00 0.00 0.00 0.04 0.00 0.00 0.00 0.00 0.00 0.03 Interest Cover 45.84 45.04 152.14 6.71 6.58 4.20 2.93 2.18 3.51 7.97

Top Investors:

investor education and protection fund authority -ministry of corporate affairs

singhal securities private limited

Annual Reports:

News Update:

Indbank Merchant - Quarterly Results
9th Jul 2026, 00:00 AM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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