Indbank Merchant Banking Services Limited share price
Indbank Merchant Banking Services Limited engages in the provision of merchant banking, stock broking, depository participant, and allied services in India. The company offers merchant banking services for public issues, rights issues, private placement, acquisition of shares and takeovers, and employee stock option schemes/stock purchase scheme by corporates. It also provides advisory services for valuation of shares and other financial instruments, syndication of loans, acquisitions, and mergers and amalgamations, as well as for project counseling, appraisal, and feasibility studies. In addition, the company offers stock broking services in the cash, derivatives, and wholesale debt market…Read more
- Market Cap₹ 111 Cr.
- Current Price₹ 25.10
- High / Low₹ 43 / 24
- Stock P/E15.9
- Book Value₹ 23
- Dividend Yield0.00 %
- Price / Book1.10
- ROE7.50 %
- Face Value₹ 10.0
More figures (8)
- EPS (TTM)₹ 1.58
- Net margin37.5 %
- Sales growth (5Y)15.9 %
- Profit growth (5Y)11.9 %
- Promoter holding68.2 %
- EV / EBITDA—
- Beta0.23
- All-time high₹ 61
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| INDBANK | -2.26% | -24.58% | -27.69% | -27.89% | -38.91% | -10.44% | +0.49% |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Indbank Merchant Banking Services Limited is in the Capital Markets industry (Financial Services), with a market value of ₹111 crore.
- It trades at 15.9 times its last 12 months' earnings and 1.1 times book value.
- Revenue grew 15.9% a year over the last 5 years, profit 11.9% a year.
- Return on equity was 7.5% in the latest year.
- The share price is 41.3% below its 52-week high and down 38.9% over one year.
- Promoters and insiders hold about 68.2%; institutions about 0.0%.
Pros
AI- Sales have grown 15.9% a year over the last 5 years.
- Trades at 15.9 times earnings, below its 3-year median of 20.8.
- Promoters hold a large stake of 64.84%.
Cons
AI- Return on equity has been low: 9.5% on average over the last 3 years.
- Latest quarter (Sep 2026): profit fell 13% from a year ago.
- The company has not paid a dividend recently.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Indbank Merchant Banking Services Limited
Indbank Merchant Banking Services Limited engages in the provision of merchant banking, stock broking, depository participant, and allied services in India. The company offers merchant banking services for public issues, rights issues, private placement, acquisition of shares and takeovers, and employee stock option schemes/stock purchase scheme by corporates. It also provides advisory services for valuation of shares and other financial instruments, syndication of loans, acquisitions, and mergers and amalgamations, as well as for project counseling, appraisal, and feasibility studies. In addition, the company offers stock broking services in the cash, derivatives, and wholesale debt market segments for retail and institutional investors, as well as in cash segment; online trading services; and depository participant activities, as well as distributes mutual funds and other investment p…
- Employees
- 95
- Head office
- Chennai
Peer comparison
Financial ServicesCapital Markets
| S.No. | Company | CMP ₹ | P/E | Mar Cap ₹ Cr | Div Yld % | NP Qtr ₹ Cr | Qtr Profit Var % | Sales Qtr ₹ Cr | Qtr Sales Var % | ROCE % | ROE % | P/B | OPM % | Debt / Eq | Prom. Hold. % | Sales ₹ Cr | Sales Var 3Yrs % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Indbank Merchant Banking Services | 25.10 | 15.9 | 111 | 0.00 | 2 | -12.97 | 6 | 1.27 | 9.9 | 7.5 | 1.10 | 20.1 | 0.00 | 68.24 | 25 | 15.9 |
| 2. | Billionbrains Garage Ventures | 200.85 | 46.9 | 1,24,747 | 0.00 | 725 | 53.75 | 1,502 | 47.39 | 29.3 | 21.6 | 12.87 | 57.7 | 0.03 | 49.22 | 4,645 | 19.2 |
| 3. | Motilal Oswal Financial Services | 1,057.60 | 32.8 | 63,771 | 0.56 | 1,273 | — | 2,311 | 43.60 | 18.1 | 15.6 | 4.94 | 31.6 | 1.65 | 52.71 | 8,209 | 29.1 |
| 4. | Authum Investment & Infrastructure | 571.90 | 23.1 | 48,567 | 0.00 | 1,108 | 17.52 | 1,470 | 20.94 | 15.2 | 13.1 | 3.30 | 169.0 | 0.24 | 83.07 | 2,609 | 44.4 |
| 5. | Angel One | 300.00 | 24.3 | 27,438 | 1.61 | 231 | 102.15 | 1,424 | 25.57 | 26.9 | 15.6 | 4.11 | 20.6 | 1.30 | 48.99 | 4,305 | 20.3 |
| 6. | Central Depository Services (India) | 1,286.90 | 57.1 | 26,896 | 0.99 | 118 | 14.91 | 293 | 13.12 | 29.7 | 24.5 | 13.72 | 45.6 | 0.00 | 0.00 | 1,145 | 27.3 |
| 7. | Choice International | 740.55 | 64.5 | 16,498 | 0.00 | 55 | 6.99 | 310 | 22.44 | 17.6 | 16.1 | 8.76 | 34.9 | 0.54 | 60.05 | 1,121 | 42.3 |
| 8. | JM Financial | 121.38 | 11.2 | 11,616 | 1.46 | 292 | 39.32 | 965 | 29.15 | — | 11.8 | 1.09 | — | 1.09 | 24.58 | 3,498 | 19.1 |
| 9. | IIFL Capital Services | 347.35 | 20.0 | 10,954 | 0.86 | 184 | 5.00 | 513 | -0.85 | 22.1 | 20.1 | 3.52 | 17.6 | 0.63 | 58.48 | 1,982 | 19.9 |
| 10. | Indian Energy Exchange | 107.55 | 18.9 | 9,564 | 3.72 | 135 | 11.65 | 158 | 11.38 | 45.7 | 39.4 | 7.05 | 80.7 | 0.01 | 13.44 | 616 | 15.4 |
| Median: 42 Co. | 323.68 | 21.3 | 996 | 0.00 | 208 | 14.91 | 739 | 21.69 | 22.1 | 10.6 | 1.47 | 20.1 | 0.39 | 50.97 | 2,296 | 17.5 |
Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.
Quarterly Results
Standalone figures in ₹ crore
Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.
Profit & Loss
Standalone figures in ₹ crore
Projection — your assumptions
Starts from the last four reported quarters (TTM) and applies the figures you enter; growth is pre-filled with the company's own 3-year sales growth. This is a what-if calculator for illustration, not a forecast, estimate or recommendation.
Related party transactions
Related-party transactions are dealings with promoters, directors, subsidiaries and associates. Companies disclose them to the exchanges every half-year and in detail in the notes to their annual report.
- Related Party TransactionsIndbank Merchant Banking Services Limited has informed the Exchange about related Party Transactions for half year ended 31st March 202321-Apr-2023
- Related Party TransactionIndbank Merchant Banking Services Limited has informed the Exchange about related party transaction for the period ended September 202202-Nov-2022
- Related Party TransactionIndbank Merchant Banking Services Limited has informed the Exchange about related party transaction for the period ended March 2022 in the new format with reference to SEBI Circul…06-Jun-2022
- Related Party TransactionsIndbank Merchant Banking Services Limited has informed the Exchange about related Party Transactions - Compliance under Regulation 23(9) of the SEBi (Listing Obligations and Discl…21-Oct-2021
- Related Party TransactionsIndbank Merchant Banking Services Limited has informed the Exchange about related Party Transactions Compliance under Regulation 23(9) of the SEBi (Listing Obligations and Disclos…22-Apr-2021
- Related Party TransactionsIndbank Merchant Banking Services Limited has informed the Exchange about related Party TransactionsCompliance under Regulation 23(9) of the SEBi (Listing Obligations and Disclosu…19-Jan-2021
Full details: notes to the Financial Year 2026 annual report (related party disclosures).
| ₹ Cr | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 2 | 8 | 9 | 12 | 18 | 18 | 25 | 27 | 25 | 25 | |
| YOY Revenue Growth % | 245.57% | 8.06% | 36.93% | 46.78% | 3.59% | 36.47% | 7.43% | -6.21% | |||
| Interest | 0 | 0 | 2 | 2 | 2 | 2 | 1 | 0 | 0 | 0 | 0 |
| 2 | 2 | 8 | 13 | 13 | 14 | 15 | 13 | 15 | 15 | 16 | |
| Employee Cost % | 47% | 47% | 54% | 57% | 50% | 39% | 42% | 34% | 34% | 37% | 38% |
| Fees & Commission % | 6% | 6% | 6% | 5% | 5% | ||||||
| Credit Cost % | 1% | 1% | 1% | 0% | 0% | ||||||
| Other Expenses % | 15% | 15% | 36% | 86% | 57% | 42% | 33% | 11% | 15% | 18% | 18% |
| Financing Profit | 0 | 0 | -1 | -6 | -3 | 2 | 2 | 12 | 11 | 10 | 10 |
| Financing Margin % | 14% | 14% | -16% | -63% | -21% | 9% | 11% | 47% | 43% | 38% | 38% |
| 1 | 1 | 3 | 8 | 7 | 7 | 3 | 0 | 0 | 0 | 0 | |
| Exceptional items | 0 | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 2 | 3 | 5 | 9 | 5 | 12 | 11 | 10 | 10 |
| -1% | -1% | 2% | 29% | 17% | 19% | 31% | 31% | 26% | 27% | 27% | |
| Current tax | 0 | 1 | 0 | 1 | 1 | 3 | 3 | 3 | |||
| Deferred tax | -0 | -0 | -0 | 0 | 1 | 0 | 1 | 1 | -0 | 0 | |
| 1 | 1 | 2 | 2 | 4 | 7 | 4 | 9 | 8 | 7 | 7 | |
| YOY Profit Growth % | 65.35% | 18.34% | 94.06% | 71.77% | -49.71% | 156.94% | -5.95% | -15.82% | |||
| EPS in Rs | 0.23 | 0.23 | 0.39 | 0.47 | 0.91 | 1.57 | 0.79 | 2.03 | 1.91 | 1.61 | 1.60 |
Compounded Sales Growth
- 5 Years:
- 16%
- 3 Years:
- 11%
- TTM:
- 6%
Compounded Profit Growth
- 5 Years:
- 12%
- 3 Years:
- 27%
- TTM:
- 13%
Stock Price CAGR
- 5 Years:
- 0%
- 3 Years:
- -10%
- 1 Year:
- -39%
Return on Equity
- 4 Years:
- 8%
- Last Year:
- 8%
Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 44 | 44 | 44 | 44 |
| Reserves | 30 | 39 | 47 | 54 |
| 3 | 0 | |||
| Long term borrowings | 0 | |||
| Short term borrowings | 3 | |||
| 20 | 23 | 26 | 24 | |
| Current liabilities | 21 | 21 | 1 | 24 |
| Total Liabilities | 97 | 106 | 118 | 123 |
| 1 | 1 | 1 | 1 | |
| Gross block | 4 | 4 | 4 | 4 |
| Accumulated depreciation | 4 | 4 | 4 | 4 |
| Goodwill & intangibles | 0 | 0 | 0 | 0 |
| 97 | 106 | 118 | 123 | |
| Trade receivables | 4 | 5 | 6 | 6 |
| Cash & equivalents | 5 | 1 | 1 | 1 |
| Current assets | 49 | 80 | 104 | 105 |
| Total Assets | 97 | 106 | 118 | 123 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| -5 | -1 | -0 | 2 | |
| Profit for the year | 4 | 9 | 8 | 7 |
| Working capital changes | -12 | -9 | -8 | -6 |
| Direct taxes paid | -1 | -2 | -4 | -2 |
| -1 | -0 | 1 | -1 | |
| Fixed assets purchased | -0 | -0 | -0 | -0 |
| Fixed assets sold | 0 | 0 | 0 | 0 |
| Investments purchased | -2 | -0 | -2 | -2 |
| Investments sold | 1 | 0 | 3 | 1 |
| -1 | -0 | -0 | -0 | |
| Interest paid | -1 | -0 | -0 | -0 |
| Net Cash Flow | -7 | -1 | 0 | 0 |
| Free Cash Flow | -5 | -1 | -0 | 2 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROE | — | 4.7% | 11.4% | 9.7% | 7.5% |
| Net margin | — | 22.0% | 46.0% | 40.4% | 37.5% |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.
Shareholding Pattern
Numbers in percentages · as filed with NSE each quarter
- Promoters 64.84%
- DIIs 0.09%
- Public 35.07%
| % | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% |
| 0.01% | 0.05% | 0.07% | 0.20% | 0.03% | ||||||||
| Foreign portfolio investors (Cat. I) | 0.01% | 0.05% | 0.07% | 0.20% | 0.03% | |||||||
| 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | |
| Mutual funds | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% |
| 35.06% | 35.02% | 35.00% | 34.87% | 35.07% | 35.07% | 35.04% | 35.07% | 35.07% | 35.07% | 35.07% | 35.07% | |
| Retail (up to ₹2 lakh) | 24.73% | 26.73% | 27.00% | 26.43% | 26.92% | 26.74% | 26.81% | 26.72% | 26.75% | 26.52% | 26.20% | 26.27% |
| HNIs (above ₹2 lakh) | 4.69% | 3.53% | 2.82% | 2.59% | 2.31% | 2.89% | 2.67% | 2.72% | 2.69% | 2.61% | 2.96% | 2.78% |
| NRIs | 0.72% | 0.78% | 0.88% | 0.77% | 0.77% | 0.76% | 0.79% | 0.79% | 0.71% | 0.75% | 0.77% | 0.77% |
| Bodies corporate | 1.49% | 0.83% | 1.02% | 1.59% | 1.59% | 1.47% | 1.58% | 1.52% | 1.64% | 1.82% | 1.64% | 1.69% |
| IEPF | 2.40% | 2.40% | 2.40% | 2.40% | 2.40% | 2.40% | 2.40% | 2.40% | 2.39% | 2.39% | 2.39% | 2.39% |
| No. of Shareholders | 43,353 | 48,265 | 49,986 | 49,132 | 51,232 | 50,969 | 51,236 | 51,231 | 50,537 | 50,062 | 49,528 | 49,310 |
Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.
Mutual funds & institutions holding Indbank Merchant Banking Services
No single fund or institution holds more than 1%.
As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 0.09% of the company. Shareholders below 1% are not named in the filing.
Documents
Announcements
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Indbank Merchant Banking Services Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 201812-Oct-2026
- Copy of Newspaper PublicationIndbank Merchant Banking Services Limited has informed the Exchange about Copy of Newspaper Publication12-Oct-2026
- Outcome of Board MeetingIndbank Merchant Banking Services Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.09-Oct-2026
- Trading WindowIndbank Merchant Banking Services Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201529-Sep-2026
- Shareholders meetingIndbank Merchant Banking Services Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2026. Further, the company has infor…25-Sep-2026
- Shareholders meetingIndbank Merchant Banking Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 202624-Sep-2026
- Record DateIndbank Merchant Banking Services Limited has informed the Exchange that Record date for the purpose of for conducting AGM is 17-Sep-2026.31-Aug-2026
- Copy of Newspaper PublicationIndbank Merchant Banking Services Limited has informed the Exchange about Copy of Newspaper Publication31-Aug-2026
- Shareholders meetingIndbank Merchant Banking Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 202628-Aug-2026
- Outcome of Board MeetingIndbank Merchant Banking Services Limited has informed the Exchange regarding Outcome of Board Meeting held on August 25, 2026.25-Aug-2026
- Copy of Newspaper PublicationIndbank Merchant Banking Services Limited has informed the Exchange about Copy of Newspaper Publication13-Jul-2026
- UpdatesIndbank Merchant Banking Services Limited has informed the Exchange regarding 'Revised Outcome of Board Meeting'.08-Jul-2026
Annual reports
- Financial Year 202628-AUG-2026
- Financial Year 202522-AUG-2025
- Financial Year 202424-AUG-2024
- Financial Year 2023
- Financial Year 2022
- Financial Year 2021
- Financial Year 2020
- Financial Year 2019
- Financial Year 201812-SEP-2018
- Financial Year 201712-OCT-2017
Credit ratings
None filed recently.
Concalls & investor meets
None filed recently.
Filings made by the company with NSE; documents open on NSE's website.
Key dates
- Ex-dividend date
- 7 Aug 2009
- Latest quarter
- 30 Sep 2026
- Financial year end
- 31 Mar 2026
Trade with our broking desk
Open a trading & demat account through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539; NSE AP0153037862, BSE AP01095201177059). Execution and service only: no tips or research.
Latest news
In the news
From the company (NSE)
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Indbank Merchant Banking Services Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018NSE filing · 12-Oct-2026
- Copy of Newspaper PublicationIndbank Merchant Banking Services Limited has informed the Exchange about Copy of Newspaper PublicationNSE filing · 12-Oct-2026
- Outcome of Board MeetingIndbank Merchant Banking Services Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.NSE filing · 09-Oct-2026
- Trading WindowIndbank Merchant Banking Services Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015NSE filing · 29-Sep-2026
- Shareholders meetingIndbank Merchant Banking Services Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2026. Further, the company has infor…NSE filing · 25-Sep-2026
- Shareholders meetingIndbank Merchant Banking Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2026NSE filing · 24-Sep-2026
- Record DateIndbank Merchant Banking Services Limited has informed the Exchange that Record date for the purpose of for conducting AGM is 17-Sep-2026.NSE filing · 31-Aug-2026
- Copy of Newspaper PublicationIndbank Merchant Banking Services Limited has informed the Exchange about Copy of Newspaper PublicationNSE filing · 31-Aug-2026
Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.
Questions about Indbank Merchant Banking Services Limited
What is the share price of Indbank Merchant Banking Services Limited today?
What is the market cap of Indbank Merchant Banking Services Limited?
What is the P/E ratio of Indbank Merchant Banking Services Limited?
Is Indbank Merchant Banking Services Limited a good investment?
How can I buy Indbank Merchant Banking Services Limited shares?
Have a question about this topic?
Tell us a little about your situation and an expert will call you back, usually within 2 hours on business days.
Book your free wealth consultation
- 100% free
- No obligation
- Reply within 2 hours
Request received!
Thank you for trusting Plenitude Connect. An expert will contact you shortly. Please check your inbox for details.