IndusInd Bank Ltd
IndusInd Bank Ltd
Banks F&OKey Fundamentals
MidcapPrivate BankBanksInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view IndusInd Bank Ltd insights
59 extracted metrics + investor summaries across FY08–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Weaknesses
7- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.79% over past five years.
- Promoter holding is low: 15.8%
- Company has a low return on equity of 6.60% over last 3 years.
- Contingent liabilities of Rs.12,08,438 Cr.
- Promoters have pledged 42.8% of their holding.
- Dividend payout has been low at 9.15% of profits over last 3 years
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoIndusInd Bank, with a market cap of ~Rs 78,895 Cr, is navigating a turbulent period marked by a Q4 FY25 net loss of Rs 2,329 Cr (its first in 20 years), deteriorating asset quality with GNPA rising to 3.13%, and a sharp earnings decline over 3-5 years. The bank is trading at a P/B of 1.21x with an ROE of just 1% in the last year, while promoter holding stands low at 15.8% with 42.8% of that pledged.
- Capital adequacy ratio remains above 15-17%, providing a comfortable buffer against further stress and eliminating immediate need for dilutive capital raises
- Q4 FY26 showed a return to profitability with net profit of Rs 533-594 Cr and NII rising 43% YoY to Rs 4,371 Cr, indicating the worst may be behind
- Net interest margin recovered to 3.39% in Q4 FY26 from a decade-low of 2.25% in Q4 FY25, showing normalization after one-off interest reversals
- Promoters have publicly committed to increasing stake from 16% to 26%, signaling confidence and potential re-rating catalyst if executed
- 10-year compounded sales CAGR of 15% demonstrates the bank's long-term revenue growth capability before recent disruptions
- Stock price trading at P/B of 1.21x, well below historical averages for mid-to-large private banks, implying significant pessimism already priced in
- 1-year stock CAGR of 31% suggests market is beginning to price in a recovery from the FY25 trough
- Operating profit for the first 9 months of FY25 exceeded Rs 11,000 Cr, showing the core franchise remains capable of generating earnings
- GNPA deteriorated sharply to 3.13% from 2.25% QoQ in Q4 FY25, with MFI segment GNPA spiking to 13% from 7% QoQ, signaling deep stress in the microfinance book
- Promoter holding at just 15.8% with 42.8% pledged (highest among Nifty companies at ~50.9% pledge ratio) raises governance and forced-selling risks
- Compounded profit growth is deeply negative: -51% over 3 years and -21% over 5 years, reflecting structural earnings erosion
- FY25 ended with a full-year net profit of Rs 2,576 Cr, down 71% YoY, while FY26 full-year profit collapsed further to Rs 889 Cr
- Contingent liabilities of Rs 12,08,438 Cr represent a massive off-balance-sheet risk relative to the Rs 78,895 Cr market cap
- ROE has declined from 10% (10-year average) to just 1% in the last year, with 3-year average at only 6.6%, well below cost of equity
- TTM sales growth is negative at -6%, with credit growth slowing to just 1% YoY in Q4 FY25, indicating franchise stagnation
- Dividend payout at only 9.15% of profits over 3 years and current yield of 0.15% offers negligible income support to shareholders
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 1d ago- Weak FY26 profitability Aug 5
IndusInd Bank reported FY2025-26 standalone PAT of just ₹933.33 crore and consolidated PAT of ₹889.34 crore, signaling earnings pressure despite CRAR of 17.48%.
- RBI approves two Executive Directors Aug 4
RBI approved appointment of Ganesh Sankaran and Jagdeep Mallareddy as Executive Directors for three-year terms effective August 4, 2026, strengthening leadership stability.
- Lifetime-free card with EazyDiner Aug 7
IndusInd Bank and EazyDiner launched a lifetime-free RuPay credit card offering ₹21,495 in annual savings on dining and entertainment, boosting retail card acquisition.
- Multiple analyst/investor meets scheduled Aug 7
Bank scheduled analyst meetings at Equirus (Aug 13), Emkay Confluence (Aug 12), and Motilal Oswal Global Investor Conference (Aug 17) in Mumbai.
- Joins PCAF for carbon accounting Aug 18
IndusInd Bank joined the Partnership for Carbon Accounting Financials to measure portfolio GHG emissions, supporting its carbon neutrality target by FY2032.
- Independent director tenure changes Aug 9
Akila Krishnakumar stepped down on Aug 9 upon tenure completion; Mini Ipe (ex-LIC MD) appointed as independent director for four years, subject to shareholder approval.
- 32nd AGM on August 27 Aug 6
AGM scheduled for August 27, 2026 with remote e-voting via NSDL from August 24-26.
- BRSR FY26 ESG report released Aug 5
Business Responsibility and Sustainability Report for FY2025-26 released, highlighting carbon neutrality target by FY2032 and employee diversity metrics.
- Q4FY26 earnings call transcript out Jul 27
Transcript of earnings call for quarter ended June 30, 2026 (held July 22) made available on bank's website.
TL;DR: IndusInd Bank faces earnings headwinds with FY26 PAT of only ₹933 crore, but capital adequacy remains adequate at 17.48% CRAR. Leadership stability improved with RBI approving two new Executive Directors. The bank is active on ESG commitments and retail product launches. Key risk remains muted profitability, and investors should watch for signs of earnings recovery in coming quarters.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10,730 | 11,248 | 11,572 | 12,199 | 12,547 | 12,686 | 12,801 | 10,634 | 12,264 | 11,609 | 11,373 | 11,005 | 11,310 |
| Expenses | 4,237 | 4,424 | 4,618 | 4,753 | 4,947 | 5,752 | 5,726 | 6,770 | 5,989 | 6,644 | 6,095 | 5,272 | 5,082 |
| Financing Profit | 630 | 653 | 677 | 623 | 460 | -405 | -498 | -3,722 | -1,350 | -2,235 | -1,533 | -901 | -397 |
| Fin. Margin % | 6% | 6% | 6% | 5% | 4% | -3% | -4% | -35% | -11% | -19% | -13% | -8% | -4% |
| Other Income | 2,210 | 2,282 | 2,396 | 2,508 | 2,442 | 2,185 | 2,355 | 709 | 2,157 | 1,651 | 1,707 | 1,714 | 1,787 |
| Interest | 5,863 | 6,171 | 6,277 | 6,822 | 7,139 | 7,339 | 7,573 | 7,586 | 7,624 | 7,199 | 6,811 | 6,634 | 6,625 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 2,840 | 2,935 | 3,073 | 3,131 | 2,902 | 1,780 | 1,857 | -3,013 | 807 | -584 | 174 | 813 | 1,389 |
| Tax % | 25% | 25% | 25% | 25% | 25% | 25% | 24% | -23% | 25% | -25% | 26% | 27% | 25% |
| Net Profit | 2,124 | 2,202 | 2,301 | 2,349 | 2,171 | 1,331 | 1,402 | -2,329 | 604 | -437 | 128 | 594 | 1,037 |
| EPS in Rs | 27.38 | 28.34 | 29.59 | 30.18 | 27.88 | 17.09 | 18 | -29.89 | 7.75 | -5.61 | 1.64 | 7.63 | 13.31 |
| Gross NPA % | 1.94% | 1.93% | 1.92% | 1.92% | 2.02% | 2.11% | 2.25% | 3.13% | 3.64% | 3.6% | 3.56% | 3.43% | 3.25% |
| Net NPA % | 0.58% | 0.57% | 0.57% | 0.57% | 0.6% | 0.64% | 0.68% | 0.95% | 1.12% | 1.04% | 1.04% | 1% | 0.95% |
Profit & Loss
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11,872 | 14,406 | 17,281 | 22,261 | 28,783 | 29,000 | 30,822 | 36,368 | 45,748 | 48,668 | 46,251 | 45,297 |
| Expenses | 4,188 | 5,684 | 6,555 | 9,284 | 12,544 | 15,772 | 15,561 | 15,425 | 17,569 | 22,664 | 23,437 | 23,094 |
| Financing Profit | 329 | 379 | 942 | -438 | -485 | -2,244 | -560 | 2,167 | 3,046 | -3,632 | -5,455 | -5,066 |
| Fin. Margin % | 3% | 3% | 5% | -2% | -2% | -8% | -2% | 6% | 7% | -7% | -12% | -11% |
| Other Income | 3,297 | 4,171 | 4,750 | 5,647 | 6,953 | 6,501 | 7,345 | 8,173 | 9,396 | 7,690 | 7,229 | 6,859 |
| Interest | 7,355 | 8,343 | 9,783 | 13,415 | 16,724 | 15,472 | 15,822 | 18,776 | 25,132 | 29,636 | 28,268 | 27,270 |
| Depreciation | 157 | 191 | 212 | 229 | 291 | 328 | 352 | 407 | 463 | 532 | 564 | 0 |
| PBT | 3,469 | 4,360 | 5,481 | 4,980 | 6,177 | 3,929 | 6,433 | 9,932 | 11,979 | 3,526 | 1,210 | 1,792 |
| Tax % | 34% | 34% | 34% | 34% | 28% | 25% | 25% | 25% | 25% | 27% | 27% | — |
| Net Profit | 2,287 | 2,868 | 3,606 | 3,301 | 4,458 | 2,930 | 4,805 | 7,444 | 8,977 | 2,576 | 889 | 1,322 |
| EPS in Rs | 38.43 | 47.95 | 60.08 | 54.77 | 64.28 | 37.89 | 62.03 | 95.93 | 115 | 33.06 | 11.41 | 16.97 |
| Div. Payout % | 12% | 13% | 12% | 14% | 0% | 13% | 14% | 15% | 14% | 0% | 13% | — |
Balance Sheet
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 595 | 598 | 600 | 603 | 694 | 773 | 775 | 776 | 778 | 779 | 779 |
| Reserves | 17,102 | 20,049 | 23,243 | 26,085 | 34,054 | 42,727 | 47,252 | 54,229 | 62,429 | 64,057 | 64,961 |
| Borrowing | 24,996 | 21,454 | 38,289 | 47,321 | 60,754 | 51,323 | 47,323 | 49,011 | 47,611 | 53,704 | 42,789 |
| Deposits | 93,000 | 1,27,572 | 1,51,639 | 1,94,868 | 2,02,027 | 2,55,870 | 2,93,349 | 3,36,120 | 3,84,586 | 4,10,862 | 3,99,931 |
| Other Liabilities | 7,205 | 8,976 | 7,856 | 8,944 | 9,700 | 12,210 | 13,268 | 17,701 | 19,689 | 24,706 | 34,934 |
| Total Liabilities | 1,42,898 | 1,78,650 | 2,21,628 | 2,77,821 | 3,07,229 | 3,62,903 | 4,01,967 | 4,57,837 | 5,15,094 | 5,54,107 | 5,43,394 |
| Fixed Assets | 1,218 | 1,307 | 1,313 | 1,688 | 1,792 | 1,801 | 1,834 | 1,944 | 2,127 | 2,309 | 2,420 |
| CWIP | 37 | 28 | 25 | 22 | 79 | 75 | 95 | 135 | 197 | 188 | 126 |
| Investments | 34,056 | 36,704 | 50,078 | 59,268 | 59,938 | 69,653 | 70,930 | 83,076 | 1,06,486 | 1,14,457 | 1,25,007 |
| Other Assets | 1,07,587 | 1,40,611 | 1,70,211 | 2,16,843 | 2,45,419 | 2,91,374 | 3,29,109 | 3,72,682 | 4,06,283 | 4,37,154 | 4,15,841 |
| Total Assets | 1,42,898 | 1,78,650 | 2,21,628 | 2,77,821 | 3,07,229 | 3,62,903 | 4,01,967 | 4,57,837 | 5,15,094 | 5,54,107 | 5,43,394 |
Cash Flow
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -2,927 | 11,569 | -20,700 | -6,389 | -12,907 | 44,976 | 16,672 | -12,442 | -16,925 | 18,278 | 993 |
| Investing | -258 | -285 | -217 | -633 | 1,445 | -324 | -395 | -481 | -703 | -685 | -524 |
| Financing | 2,517 | -2,768 | 15,505 | 8,590 | 12,733 | -4,096 | -4,302 | 1,115 | -2,242 | 4,876 | -10,912 |
| Net Cash Flow | -667 | 8,516 | -5,412 | 1,568 | 1,271 | 40,556 | 11,975 | -11,808 | -19,869 | 22,468 | -10,443 |
| Free Cash Flow | -3,184 | 11,296 | -20,920 | -7,027 | -13,324 | 44,645 | 16,266 | -13,002 | -17,636 | 17,569 | 359 |
| CFO/OP | -21 | 154 | -175 | -31 | -66 | 346 | 124 | -54 | -49 | 82 | 5 |
Ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 13% | 15% | 16% | 13% | 15% | 7% | 10% | 14% | 15% | 4% | 1% |
Documents
Frequently Asked Questions about IndusInd Bank Ltd
What does IndusInd Bank Ltd do?
Where is IndusInd Bank Ltd (INDUSINDBK) listed?
Which sector does IndusInd Bank Ltd belong to?
What is the market capitalisation of IndusInd Bank Ltd?
What is the PE ratio of IndusInd Bank Ltd?
What is the 52-week high and low of IndusInd Bank Ltd?
Does IndusInd Bank Ltd pay dividends?
What is the Return on Equity (ROE) of IndusInd Bank Ltd?
How can I research IndusInd Bank Ltd on Tapetide?
Company Information
IndusInd Bank Limited was incorporated in 1994 as a commercial bank under the Banking Regulation Act, 1949. The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The Bank operates in India including at the International Financial Service Centres in India.[1]