Nifty

:

23842.65

Sensex

:

76847.57

-207.95 (-0.86%)
-702.68 (-0.91%)

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Nifty
Sensex

:
:

23842.65
76847.57

-207.95 (-0.86%)
-702.68 (-0.91%)

Indbank Merchant Banking Services Ltd.

Finance - Stock Broking

Rating :

55/99

BSE: 511473 | NSE: INDBANK

Watchlist

NSE BSE

33.29

13-Apr-2026

Open
High
Low
Previous Close

33
33.55
32.5
33.08

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

35818
1185231.06
47.15
28.25

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

148.09
21.01
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

66.96
N/A
1.52

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

13.41
17.40
13.57

EBITDA CAGR (%)

10 Years
5 Years
3 Years

35.81
-
14.04

PAT CAGR (%)

10 Years
5 Years
3 Years

11.85
15.82
45.79

P:E (Median)

8 Years
5 Years
3 Years

20.67
21.64
23.27

P:BV (Average)

8 Years
5 Years
3 Years

1.58
1.79
1.98

EV:EBITDA (Average)

8 Years
5 Years
3 Years

6.88
9.06
9.37

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 6.25 5.63 11.01% 6.28 8.13 -22.76% 6.69 7.70 -13.12% 5.31 6.87 -22.71%
Expenses 3.60 3.60 0.00% 3.63 3.63 0.00% 3.78 3.87 -2.33% 3.66 3.54 3.39%
EBITDA 2.66 2.04 30.39% 2.65 4.50 -41.11% 2.91 3.83 -24.02% 1.65 3.32 -50.30%
EBIDTM 42.48% 36.16% 42.19% 55.39% 43.53% 49.81% 31.10% 48.39%
Other Income 0.00 0.02 -100.00% 0.01 0.00 0 0.00 0.01 -100.00% 0.00 0.00 0
Interest 0.02 0.05 -60.00% 0.09 0.02 350.00% 0.08 0.02 300.00% 0.04 0.01 300.00%
Depreciation 0.06 0.11 -45.45% 0.06 0.11 -45.45% 0.06 0.12 -50.00% 0.10 0.09 11.11%
PBT 2.58 1.89 36.51% 2.51 4.38 -42.69% 2.78 3.71 -25.07% 1.52 3.21 -52.65%
Tax 0.67 0.72 -6.94% 0.66 1.08 -38.89% 0.65 0.86 -24.42% 0.38 1.67 -77.25%
PAT 1.92 1.17 64.10% 1.86 3.30 -43.64% 2.14 2.85 -24.91% 1.14 1.54 -25.97%
PATM 30.67% 20.84% 29.56% 40.60% 31.97% 37.01% 21.44% 22.45%
EPS 0.43 0.26 65.38% 0.42 0.74 -43.24% 0.48 0.64 -25.00% 0.26 0.35 -25.71%

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 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 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 24.53 26.78 24.92 18.28 20.62 12.01 8.77 8.12 11.67 9.20 7.61 Net Sales Growth -13.41% 7.46% 36.32% -11.35% 71.69% 36.94% 8.00% -30.42% 26.85% 20.89% Cost Of Goods Sold 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Gross Profit 24.53 26.78 24.92 18.28 20.62 12.01 8.77 8.12 11.67 9.20 7.61 GP Margin 100.00% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Total Expenditure 14.67 14.61 12.84 11.97 14.17 12.88 12.47 8.95 8.66 10.13 7.04 Power & Fuel Cost - 0.11 0.12 0.12 0.12 0.11 0.12 0.10 0.13 0.12 0.14 % Of Sales - 0.41% 0.48% 0.66% 0.58% 0.92% 1.37% 1.23% 1.11% 1.30% 1.84% Employee Cost - 8.97 8.37 7.59 6.93 6.03 4.96 4.38 4.26 3.74 3.62 % Of Sales - 33.50% 33.59% 41.52% 33.61% 50.21% 56.56% 53.94% 36.50% 40.65% 47.57% Manufacturing Exp. - 4.45 3.46 2.49 2.07 1.74 1.42 1.44 1.76 1.23 1.11 % Of Sales - 16.62% 13.88% 13.62% 10.04% 14.49% 16.19% 17.73% 15.08% 13.37% 14.59% General & Admin Exp. - 0.63 0.61 1.44 1.09 0.47 0.75 0.85 0.72 0.63 0.58 % Of Sales - 2.35% 2.45% 7.88% 5.29% 3.91% 8.55% 10.47% 6.17% 6.85% 7.62% 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. - 0.55 0.40 0.46 4.09 4.64 5.34 2.28 1.92 4.53 0.00 % Of Sales - 2.05% 1.61% 2.52% 19.84% 38.63% 60.89% 28.08% 16.45% 49.24% 22.73% EBITDA 9.87 12.17 12.08 6.31 6.45 -0.87 -3.70 -0.83 3.01 -0.93 0.57 EBITDA Margin 40.24% 45.44% 48.48% 34.52% 31.28% -7.24% -42.19% -10.22% 25.79% -10.11% 7.49% Other Income 0.01 0.03 0.02 0.04 3.83 7.46 8.47 4.33 2.97 7.95 3.44 Interest 0.23 0.26 0.08 0.89 1.53 1.53 1.52 1.53 1.58 0.81 0.11 Depreciation 0.28 0.44 0.38 0.37 0.20 0.19 0.30 0.23 0.43 0.53 0.72 PBT 9.39 11.50 11.65 5.09 8.55 4.88 2.94 1.74 3.97 5.68 3.17 Tax 2.36 3.04 3.61 2.35 1.59 0.83 0.85 0.05 1.74 0.29 0.38 Tax Rate 25.13% 26.43% 30.99% 46.17% 18.60% 17.01% 28.91% 2.76% 43.83% 5.16% 12.10% PAT 7.06 8.46 8.04 2.73 6.96 4.06 2.09 1.77 2.22 5.34 2.76 PAT before Minority Interest 7.06 8.46 8.04 2.73 6.96 4.06 2.09 1.77 2.22 5.34 2.76 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 28.78% 31.59% 32.26% 14.93% 33.75% 33.81% 23.83% 21.80% 19.02% 58.04% 36.27% PAT Growth -20.32% 5.22% 194.51% -60.78% 71.43% 94.26% 18.08% -20.27% -58.43% 93.48% EPS 1.59 1.91 1.81 0.61 1.57 0.91 0.47 0.40 0.50 1.20 0.62

Results Balance Sheet

Standalone Figures in Rs. Crores

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 91.65 83.37 74.51 71.13 64.28 60.21 58.23 56.51 54.36 49.05 Share Capital 44.38 44.38 44.38 44.38 44.38 44.38 44.38 44.38 44.38 44.38 Total Reserves 47.27 38.99 30.13 26.75 19.90 15.83 13.86 12.13 9.98 4.67 Non-Current Liabilities 0.09 0.04 2.02 0.48 -3.16 -3.87 -4.21 -4.17 -4.12 -4.22 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 1.56 1.38 4.40 3.49 0.00 0.00 0.00 0.00 0.10 0.00 Current Liabilities 28.13 23.53 22.88 20.51 20.06 14.09 10.15 10.33 10.95 8.66 Trade Payables 0.00 0.00 1.00 1.14 0.00 0.00 0.00 0.00 0.00 0.17 Other Current Liabilities 24.54 21.22 17.60 18.12 17.14 11.34 7.95 8.38 8.77 7.93 Short Term Borrowings 0.01 0.00 2.79 0.00 0.00 0.00 0.00 0.03 1.58 0.00 Short Term Provisions 3.58 2.31 1.50 1.25 2.91 2.75 2.20 1.92 0.60 0.56 Total Liabilities 119.87 106.94 99.41 92.12 81.18 70.43 64.17 62.67 61.19 53.49 Net Block 0.63 0.74 0.90 0.98 0.56 0.45 0.62 0.69 0.96 4.53 Gross Block 5.14 4.96 5.07 4.86 4.54 4.38 4.50 4.60 1.95 9.41 Accumulated Depreciation 4.51 4.22 4.17 3.88 3.98 3.93 3.88 3.91 0.99 4.88 Non Current Assets 12.18 15.82 19.71 19.04 35.77 30.71 20.51 31.53 27.25 7.57 Capital Work in Progress 0.00 0.00 0.00 0.13 0.00 0.00 0.00 0.00 0.00 0.00 Non Current Investment 1.83 2.44 1.37 1.30 0.80 3.07 3.41 4.28 5.22 3.04 Long Term Loans & Adv. 0.00 0.00 14.55 13.68 13.39 13.12 11.93 11.63 11.93 0.00 Other Non Current Assets 6.82 9.74 0.24 0.24 18.22 14.08 4.54 14.94 9.14 0.00 Current Assets 107.69 91.12 79.70 73.08 45.40 39.72 43.67 31.13 33.94 45.92 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 5.96 4.58 4.12 3.37 3.21 0.92 5.25 7.97 9.20 7.43 Cash & Bank 81.87 62.98 69.89 66.19 37.05 35.32 34.18 18.70 21.05 21.55 Other Current Assets 19.85 10.64 0.95 0.59 5.15 3.48 4.23 4.46 3.69 16.94 Short Term Loans & Adv. 15.90 12.92 4.74 2.93 4.85 3.12 3.70 4.07 3.49 15.79 Net Current Assets 79.56 67.59 56.82 52.57 25.35 25.63 33.52 20.80 22.99 37.26 Total Assets 119.87 106.94 99.41 92.12 81.17 70.43 64.18 62.66 61.19 53.49

Cash Flow

Standalone Figures in Rs. Crores

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 0.08 -1.16 -5.30 0.55 8.14 14.92 4.95 4.65 5.55 4.34 PBT 11.50 11.65 5.09 8.55 4.90 2.82 1.17 2.79 5.31 2.87 Adjustment 0.43 -0.41 2.32 1.87 1.68 5.58 3.64 3.12 1.85 0.43 Changes in Working Capital -8.33 -9.99 -11.83 -8.49 1.69 8.55 1.75 2.01 -0.80 1.15 Cash after chg. in Working capital 3.61 1.25 -4.42 1.93 8.27 16.95 6.57 7.92 6.36 4.46 Interest Paid 0.00 0.00 0.00 0.00 0.00 -1.52 -1.53 -1.58 -0.81 -0.11 Tax Paid -3.53 -2.40 -0.87 -1.37 -0.13 -0.51 -0.09 -1.70 0.00 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 0.56 -0.17 -1.03 -0.98 -8.44 -10.32 -3.41 -2.94 -6.47 -4.56 Net Fixed Assets -0.18 0.11 -0.08 -0.45 -0.16 0.12 0.10 -2.65 7.46 0.00 Net Investments 0.61 -1.07 -0.07 -0.50 2.27 0.34 0.87 0.94 -2.18 0.43 Others 0.13 0.79 -0.88 -0.03 -10.55 -10.78 -4.38 -1.23 -11.75 -4.99 Cash from Financing Activity -0.12 -0.07 -0.89 -1.51 -1.51 0.00 0.00 -0.80 0.00 0.00 Net Cash Inflow / Outflow 0.52 -1.40 -7.22 -1.93 -1.80 4.61 1.54 0.90 -0.92 -0.22 Opening Cash & Equivalents 0.63 2.03 9.25 11.17 11.52 6.91 0.43 -0.47 0.44 0.66 Closing Cash & Equivalent 1.14 0.63 2.03 9.25 9.71 11.52 1.97 0.43 -0.47 0.44

Financial Ratios

Standalone

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 20.65 18.79 16.79 16.03 14.48 13.57 13.12 12.73 12.25 11.05 ROA 7.46% 7.79% 2.85% 8.04% 5.35% 3.10% 2.78% 3.59% 9.31% 5.42% ROE 9.67% 10.18% 3.75% 10.28% 6.52% 3.53% 3.08% 4.01% 10.32% 5.78% ROCE 13.44% 14.60% 8.05% 14.90% 10.30% 7.53% 5.82% 9.85% 12.26% 6.82% Fixed Asset Turnover 5.30 4.97 3.68 4.39 2.69 1.98 1.78 3.56 1.62 0.81 Receivable days 71.89 63.74 74.81 58.18 62.64 128.43 297.37 268.57 329.78 334.39 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 5.55 22.01 Cash Conversion Cycle 71.89 63.74 74.81 58.18 62.64 128.43 297.37 268.57 324.23 312.39 Total Debt/Equity 0.00 0.00 0.04 0.00 0.00 0.00 0.00 0.00 0.03 0.00 Interest Cover 45.04 152.14 6.71 6.58 4.20 2.93 2.18 3.51 7.97 28.56

Top Investors:

investor education and protection fund authority -ministry of corporate affairs

singhal securities private limited

Annual Reports:

News Update:

Indbank Merch. Bankg - Quarterly Results
15th Jan 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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