Indbank Merchant Banking Services Ltd
INDBANK NSE
Indbank Merchant Banking Services Ltd
Capital MarketsNSE: INDBANK BSE: 511473 Stock Broking
Key Fundamentals
MicrocapStock BrokingCapital MarketsMarket Cap
₹143 Cr
Volatility
Moderate
P/E Ratio
19.24
EBITDA
₹10.04 Cr
Return on Equity
9.23%
Debt to Equity
0
Book Value
₹22.25
EPS
₹2.11
52W High
₹47.15
52W Low
₹28.25
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Indbank Merchant Banking Services Ltd insights
28 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company has reduced debt.
- Company is almost debt free.
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 11.0% over past five years.
- Company has a low return on equity of 9.09% over last 3 years.
Growth Rate
Revenue Growth
-6.31% ↘
Net Income Growth
-15.41% ↘
Cash Flow Change
106.90% ↗
ROE
-4.25% ↘
ROCE
-9.82% ↘
EBITDA Margin (Avg.)
-11.63% ↘
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.43 | 6.04 | 6.6 | 6.86 | 7.7 | 8.13 | 5.63 | 5.31 | 6.69 | 6.28 | 6.25 | 5.89 | 6.9 |
| Expenses | 3.35 | 2.73 | 3.24 | 3.54 | 3.86 | 3.62 | 3.6 | 3.65 | 3.78 | 3.63 | 3.59 | 4.06 | 3.74 |
| Operating Profit | 2.08 | 3.31 | 3.36 | 3.32 | 3.84 | 4.51 | 2.03 | 1.66 | 2.91 | 2.65 | 2.66 | 1.83 | 3.16 |
| OPM % | 38.31% | 54.8% | 50.91% | 48.4% | 49.87% | 55.47% | 36.06% | 31.26% | 43.5% | 42.2% | 42.56% | 31.07% | 45.8% |
| Other Income | 0.01 | 0.01 | 0.01 | 0.96 | 0.01 | 0 | 0.02 | 0 | 0 | 0.01 | 0 | 0.13 | 0 |
| Interest | 0.03 | 0.03 | 0 | 0.01 | 0.02 | 0.02 | 0.05 | 0.04 | 0.07 | 0.09 | 0.02 | 0.01 | 0.01 |
| Depreciation | 0.09 | 0.09 | 0.1 | 0.09 | 0.12 | 0.11 | 0.11 | 0.1 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 |
| PBT | 1.97 | 3.2 | 3.27 | 4.18 | 3.71 | 4.38 | 1.89 | 1.52 | 2.78 | 2.51 | 2.58 | 1.88 | 3.08 |
| Tax % | 22.84% | 24.38% | 21.71% | 39.95% | 23.18% | 24.66% | 38.1% | 25% | 23.02% | 26.29% | 25.97% | 35.64% | 23.05% |
| Net Profit | 1.52 | 2.42 | 2.56 | 2.5 | 2.85 | 3.3 | 1.17 | 1.14 | 2.14 | 1.86 | 1.92 | 1.21 | 2.38 |
| EPS in Rs | 0.34 | 0.55 | 0.58 | 0.56 | 0.64 | 0.74 | 0.26 | 0.26 | 0.48 | 0.42 | 0.43 | 0.27 | 0.54 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10.11 | 9.03 | 10.54 | 13.82 | 10.39 | 11.47 | 14.91 | 20.62 | 18.24 | 24.76 | 26.57 | 25.11 | 25.32 |
| Expenses | 5.85 | 5.77 | 10.13 | 8.65 | 8.95 | 12.48 | 12.87 | 14.17 | 12.74 | 13.8 | 14.61 | 15.07 | 15.02 |
| Operating Profit | 4.26 | 3.26 | 0.41 | 5.17 | 1.44 | -1.01 | 2.04 | 6.45 | 5.5 | 10.96 | 11.96 | 10.04 | 10.3 |
| OPM % | 42.14% | 36.1% | 3.89% | 37.41% | 13.86% | -8.81% | 13.68% | 31.28% | 30.15% | 44.26% | 45.01% | 39.98% | 40.68% |
| Other Income | 2.63 | 0.59 | 6.55 | 0.81 | 2.13 | 5.77 | 4.56 | 3.83 | 1.62 | 2.11 | 0.24 | 0.15 | 0.14 |
| Interest | 0.29 | 0.11 | 0.81 | 1.58 | 1.53 | 1.52 | 1.53 | 1.53 | 0.89 | 0.08 | 0.26 | 0.19 | 0.13 |
| Depreciation | 0.69 | 0.6 | 0.53 | 0.43 | 0.23 | 0.3 | 0.19 | 0.2 | 0.37 | 0.38 | 0.44 | 0.24 | 0.26 |
| PBT | 5.91 | 3.14 | 5.62 | 3.97 | 1.81 | 2.94 | 4.88 | 8.55 | 5.86 | 12.61 | 11.5 | 9.76 | 10.05 |
| Tax % | 15.4% | 12.1% | 5.16% | 44.08% | 2.76% | 28.91% | 17.01% | 18.6% | 40.1% | 28.63% | 26.43% | 27.05% | — |
| Net Profit | 4.99 | 2.76 | 5.34 | 2.22 | 1.77 | 2.09 | 4.06 | 6.96 | 3.5 | 9 | 8.46 | 7.12 | 7.37 |
| EPS in Rs | 1.12 | 0.62 | 1.2 | 0.5 | 0.4 | 0.47 | 0.91 | 1.57 | 0.79 | 2.03 | 1.91 | 1.6 | 1.66 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 |
| Reserves | 1.91 | 4.67 | 9.98 | 12.13 | 13.86 | 15.83 | 19.9 | 26.75 | 30.13 | 38.99 | 47.27 | 54.36 |
| Borrowings | 0 | 0 | 1.58 | 0.03 | 0 | 0 | 0 | 0 | 2.79 | 0 | 0.01 | 0 |
| Other Liabilities | 6.2 | 8.66 | 24.39 | 24.47 | 9.3 | 13.94 | 19.91 | 21.33 | 20.08 | 22.97 | 26.43 | 24.4 |
| Total Liabilities | 52.49 | 57.71 | 80.33 | 81.01 | 67.54 | 74.15 | 84.19 | 92.46 | 97.38 | 106 | 118 | 123 |
| Fixed Assets | 5.06 | 4.53 | 4.07 | 3.73 | 3.58 | 3.33 | 3.37 | 3.71 | 3.55 | 3.32 | 3.13 | 3.05 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.13 | 0 | 0 | 0 | 0 |
| Investments | 3.47 | 3.04 | 2.1 | 1.24 | 0.45 | 0.19 | 0.8 | 1.3 | 1.37 | 2.44 | 1.83 | 3.02 |
| Other Assets | 43.96 | 50.14 | 74.16 | 76.04 | 63.51 | 70.63 | 80.02 | 87.32 | 92.46 | 101 | 113 | 117 |
| Total Assets | 52.49 | 57.71 | 80.33 | 81.01 | 67.54 | 74.15 | 84.19 | 92.46 | 97.38 | 106 | 118 | 123 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0.84 | 4.34 | 5.55 | 4.65 | 4.95 | 14.92 | 8.14 | 0.55 | -5.3 | -1.16 | 0.08 | 2.05 |
| Investing | -4.31 | -4.56 | -6.47 | -2.94 | -3.41 | -10.32 | -8.44 | -0.98 | -1.03 | -0.17 | 0.56 | -1.44 |
| Financing | 0 | 0 | 0 | -0.8 | 0 | 0 | -1.51 | -1.51 | -0.89 | -0.07 | -0.12 | -0.19 |
| Net Cash Flow | -3.47 | -0.22 | -0.92 | 0.9 | 1.54 | 4.61 | -1.8 | -1.93 | -7.22 | -1.4 | 0.52 | 0.41 |
| Free Cash Flow | 0.4 | 4.27 | 5.47 | 4.56 | 4.87 | 14.88 | 7.94 | -0.12 | -5.39 | -1.3 | -0.17 | 1.88 |
| CFO/OP | 20 | 133 | 1,354 | 123 | 350 | -1,528 | 405 | 30 | -81 | 11 | 30 | 41 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 235 | 300 | 319 | 211 | 184 | 29.28 | 78.58 | 59.65 | 82.45 | 67.52 | 81.87 | 92.74 |
| Cash Conversion Cycle | 235 | 300 | 319 | 211 | 184 | 29.28 | 78.58 | 59.65 | 82.45 | 67.52 | 81.87 | 92.74 |
| Working Capital Days | 600 | 625 | 588 | 452 | -23.19 | -308 | -287 | -71.87 | 1.4 | 71.94 | -29.67 | 32.85 |
| ROCE % | 14% | 6.8% | 12.36% | 9.87% | 5.68% | 7.51% | 10.27% | 14.89% | 7.02% | 13.41% | 13.44% | 10.34% |
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - Indbank files SEBI initial disclosure: not a large corporate, with NIL long-term borrowings as of March 31, 2026. 29 Apr - Indbank files SEBI initial disclosure: not a large corporate, with NIL long-term borrowings as of March 31, 2026.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Apr - News Paper Advertisement with regard to publication of financial results for the quarter and year ended 31.03.2026. 24 Apr - News Paper Advertisement with regard to publication of financial results for the quarter and year ended 31.03.2026.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - Indbank files SEBI initial disclosure: not a large corporate, with NIL long-term borrowings as of March 31, 2026. 29 Apr - Indbank files SEBI initial disclosure: not a large corporate, with NIL long-term borrowings as of March 31, 2026.
4
Board Meeting Outcome for Outcome Of The Meeting
20 Apr - Board approved audited FY26 results on 20 Apr 2026; auditors issued unmodified opinion. 20 Apr - Board approved audited FY26 results on 20 Apr 2026; auditors issued unmodified opinion.
Frequently Asked Questions about Indbank Merchant Banking Services Ltd
What does Indbank Merchant Banking Services Ltd do?
Incorporated in 1989, Indbank Merchant Banking Services Ltd. is engaged in Merchant Banking, Stock Broking, Depository Participant and allied activities.
Where is Indbank Merchant Banking Services Ltd (INDBANK) listed?
Indbank Merchant Banking Services Ltd is listed on the Indian stock exchanges. It is listed on NSE: INDBANK and BSE: 511473. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Indbank Merchant Banking Services Ltd belong to?
Indbank Merchant Banking Services Ltd operates in the Capital Markets sector within the Stock Broking industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Indbank Merchant Banking Services Ltd?
Indbank Merchant Banking Services Ltd has a market capitalisation of approximately ₹142.68 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Indbank Merchant Banking Services Ltd?
The Price-to-Earnings (PE) ratio of Indbank Merchant Banking Services Ltd is 19.24. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Indbank Merchant Banking Services Ltd?
Over the past 52 weeks, Indbank Merchant Banking Services Ltd has traded between a low of ₹28.25 and a high of ₹47.15. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Indbank Merchant Banking Services Ltd?
Indbank Merchant Banking Services Ltd has a Return on Equity (ROE) of 9.23%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Indbank Merchant Banking Services Ltd on Tapetide?
On Tapetide, you can view Indbank Merchant Banking Services Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1989, Indbank Merchant Banking Services Ltd. is engaged in Merchant Banking, Stock Broking, Depository Participant and allied activities.
Website indbankonline.com
CEO Mr. V. Haribabu
Employees 100
Listed 2008-10-08
Face Value ₹ 10
Issued Size 4,43,78,200