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Indbank Merchant Banking Services Limited

Indbank Merchant Banking Services Limited

INDBANK.NS
Indbank Merchant Banking Services LimitedIN flagNational Stock Exchange of India
32.90
INR
+0.10
- -
1.46BMarket Cap
Indbank Merchant Banking Services Limited
INDBANK.NS
(National Stock Exchange of India)

Recent

price

32.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1.45
1.58
1.18
1.37
1.94
1.62
2.07
2.63
1.83
1.98
2.71
3.97
3.58
4.41
4.54
- -
5.33
Revenue per Share
-2.24
0.03
0.16
0.07
1.12
0.62
1.2
0.5
0.4
0.47
0.91
1.57
0.79
2.03
1.91
- -
1.74
Basic EPS, GAAP
-0.58
-0.32
-0.37
1.78
0.06
0.96
1.23
1.03
1.1
3.34
1.78
-0.03
-1.21
-0.3
-0.07
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
9.14
9.16
9.33
9.39
10.43
11.04
12.25
12.75
13.15
13.59
14.54
16.11
16.79
18.81
10.02
- -
- -
Book Value per Share
9.1
9.16
9.25
9.35
10.41
11.03
12.24
12.73
13.12
13.55
14.45
16.01
16.77
18.8
20.66
- -
- -
Tangible Book Value per Share
44
44
44
44
44
44
44
44
44
44
44
44
44
44
44
- -
45
Basic Weighted Avg Shares
64
70
52
61
86
72
92
117
81
88
120
176
159
196
201
182
237
Sales/Revenue/Turnover
-42.62
-12.92
-13.76
21.15
29.34
30.49
49.05
24.46
30.26
75.41
63.28
63.15
24.03
33.5
25.71
16.13
37.36
Operating Margin (%)
8
5
7
7
7
6
5
4
2
3
2
2
4
4
4
2
4
Depreciation Expense
-99
1
7
3
50
28
53
22
18
21
41
70
35
90
85
71
78
Net Income, GAAP
- -
287.45
93.8
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
26.7
Effective Tax Rate (%)
-154.45
1.59
13.91
4.93
58.01
38.32
57.99
19.03
21.75
23.82
33.79
39.5
22.02
45.99
42.09
39.17
32.69
Profit Margin (%)
223
243
252
273
334
136
230
208
335
256
253
158
272
587
1,035
1,041
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
406
407
414
417
463
490
544
565
582
602
643
711
745
834
917
987
- -
Total Equity
- -
4.18
-0.11
3.06
4.28
4.03
8.45
2.96
4.32
8.11
10.25
13.38
2.81
5.86
4.43
2.24
- -
Return on Invested Capital (%)
- -
0.27
1.78
0.83
11.36
5.88
11.37
5.44
5.61
5.32
8.5
12.07
5.35
11.26
13.39
16.36
34.88
Return on Capital (%)
-23.08
0.27
1.78
0.72
11.34
5.78
10.32
4
3.07
3.52
6.5
10.24
4.8
11.4
13.25
16.05
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
44
- -
Market Capitalization
2,071
1,252
1,551

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
1,044
- -
Cash, Cash Equivalents & STI
- -
819
- -
Accounts Receivable, Net
- -
60
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
9
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
12.26%
10.65%
-9.54%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
52
59
61
55
196
2025
73
79
58
37
201
2026
63
61
46
- -
182

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.34
0.55
0.58
- -
2.03
2025
0.64
0.74
0.26
0.26
1.91
2026
0.48
0.43
0.27
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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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.