Indbank Merchant Banking Services Limited

Indbank Merchant Banking Services Limited

24.26
INR
-0.50
(-2.02%)
1.69EPS
19.56P/E
1.49BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
1.37
1.94
1.62
2.07
2.63
1.83
1.98
2.71
3.97
3.58
4.41
4.72
4.28
5.29
Basic EPS, GAAP
0.07
1.12
0.62
1.2
0.5
0.4
0.47
0.91
1.57
0.79
2.03
1.91
1.61
1.72
Free Cash Flow per Basic Share
1.78
0.06
0.96
1.23
1.03
1.1
3.34
1.78
-0.03
-1.21
-0.3
-0.07
0.42
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
9.39
10.43
11.05
12.25
12.73
13.12
13.57
14.48
16.03
16.79
18.79
20.65
22.25
- -
Tangible Book Value per Share
9.35
10.41
11.04
12.24
12.73
13.12
13.55
14.45
16.01
16.77
18.77
20.63
22.23
- -
Basic Weighted Avg Shares
44
44
44
44
44
44
44
44
44
44
44
44
44
45
Sales/Revenue/Turnover
61
86
72
92
117
81
88
120
176
159
196
210
190
236
Operating Margin (%)
21.15
29.34
30.49
49.05
24.46
30.26
75.41
63.28
63.15
24.03
33.5
29.54
20.14
34.91
Depreciation Expense
7
7
6
5
4
2
3
2
2
4
4
4
2
2
Net Income, GAAP
3
50
28
53
22
18
21
41
70
35
90
85
71
76
Effective Tax Rate (%)
1.24
25.19
13.14
5.16
44
2.49
28.95
16.89
18.58
46.27
31.01
26.4
27.31
26.27
Profit Margin (%)
4.93
58.01
38.32
57.99
19.03
21.75
23.82
33.79
39.5
22.02
45.99
40.39
37.47
32.45
Working Capital
273
334
136
230
208
335
256
253
158
272
587
762
810
- -
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
417
463
490
544
565
582
602
643
711
745
834
917
987
- -
Return on Invested Capital (%)
2.62
6.17
5.35
8.65
2.96
3.21
6.25
4.56
8.52
2.65
5.69
5.19
2.99
- -
Return on Capital (%)
0.83
11.36
5.88
11.37
5.44
5.63
5.33
8.52
12.13
5.36
11.26
9.88
7.63
- -
Return on Common Equity (%)
0.72
11.34
5.78
10.32
4.01
3.08
3.53
6.52
10.28
4.81
11.4
9.67
7.48
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
44
44
44
Market Capitalization
1,558
1,293
1,490

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,051
- -
Cash, Cash Equivalents & STI
- -
861
- -
Accounts Receivable, Net
- -
64
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
241
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.3%
8.99%
7.73%
Free Cash Flow
387.96%
740.58%
-685.3%
Net Income, GAAP
28.45%
31.4%
-15.82%
Sales/Revenue/Turnover
12.72%
11.57%
-9.26%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
73
79
58
37
210
2026
63
- -
61
46
190
2027
65
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.64
0.74
0.26
0.26
1.91
2026
0.48
- -
0.43
0.27
1.61
2027
0.54
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
V. Haribabu
Full Time Employees
95
Sector
Finance
Industry
Investment banks/Brokers
Address
Khiviraj Complex I, No:480 Chennai TN India 600035
IPO Date
Oct 8, 2008
Business
Indbank Merchant Banking Services Limited, a subsidiary of Indian Bank incorporated in 1989 and headquartered in Chennai, India, operates as a SEBI-registered Category 1 merchant banker and provides a comprehensive suite of financial services including merchant banking for public issues, rights issues, private placements, acquisitions, takeovers, buybacks, delistings, and employee stock option schemes; advisory services encompassing share valuations, loan syndication, mergers and acquisitions, project counseling, appraisals, and feasibility studies; stock broking across equity, futures and options, delivery, intraday, ETFs, and IPOs on NSE, BSE, MSE, and MCX platforms via online trading systems and the IndFortune mobile app; depository participant services with NSDL offering demat accounts, IDeAS for online statements, and SPEED-e for electronic delivery instructions; distribution of mutual funds and investment products through the IndWealth platform registered with AMFI; and e-services for retail and institutional clients primarily in India with over 27,770 broking accounts and depository operations serving institutions and individuals. The company maintains membership in NSE equity, derivatives and debt segments, BSE equity and derivatives, and focuses on capital markets activities with 50 branches and nearly debt-free operations. Recent developments include approval of unaudited Q2 FY2025-26 results on October 13, 2025 showing net profit of Rs 18.56 million despite a 43.64% decline, appointment of Anand & Ponnappan as new statutory auditors, and stock exchange clarification sought on October 8, 2025 regarding significant price movement amid a 19.99% surge to Rs 39.5 earlier in October 2025.