Indbank Merchant Banking Services Ltd Stock Price Today (NSE: INDBANK)
Fundamental Score
Indbank Merchant Banking Services Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Indbank Merchant Banking Services Ltd share price today is ₹32.66, down 0.34% on NSE/BSE as of 18 June 2026. Indbank Merchant Banking Services Ltd (INDBANK) is a Small-cap company in the Stockbroking & Allied sector with a market capitalisation of ₹160.31 (Cr). The 52-week high for INDBANK share price is ₹47.15 and the 52-week low is ₹28.25. At a P/E ratio of 25.41x, INDBANK is currently trading above its industry average P/E of 21.41x. The company has a Return on Equity (ROE) of 9.67% and a debt-to-equity ratio of 0.03.
Indbank Merchant Banking Services Ltd Share Price Chart — NSE/BSE Historical Performance
Indbank Merchant Banking Services Ltd share price chart: -2.48% return over the past month. 52-week high ₹47.15, 52-week low ₹28.25.
Indbank Merchant Banking Services Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹32.77 | ₹33.20 | ₹32.50 | ₹32.66 | 27.22K (Cr) | |
| ₹32.60 | ₹33.24 | ₹32.25 | ₹32.77 | 24.24K (Cr) | |
| ₹33.00 | ₹33.75 | ₹32.50 | ₹32.95 | 37.84K (Cr) | |
| ₹34.00 | ₹34.10 | ₹33.20 | ₹33.37 | 60.37K (Cr) | |
| ₹33.50 | ₹34.00 | ₹33.50 | ₹33.87 | 13.85K (Cr) | |
| ₹34.11 | ₹34.20 | ₹33.52 | ₹33.88 | 34.80K (Cr) | |
| ₹33.50 | ₹34.10 | ₹33.33 | ₹33.59 | 21.15K (Cr) | |
| ₹34.42 | ₹34.42 | ₹33.51 | ₹33.84 | 9.97K (Cr) | |
| ₹33.10 | ₹34.20 | ₹33.10 | ₹33.82 | 23.83K (Cr) | |
| ₹33.22 | ₹34.39 | ₹33.22 | ₹33.67 | 29.95K (Cr) |
Indbank Merchant Banking Services Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹32.60 | ₹33.24 | ₹32.25 | ₹32.66 | +0.18% | |
| ₹34.21 | ₹36.00 | ₹32.50 | ₹32.95 | -3.68% | |
| ₹29.55 | ₹37.48 | ₹29.55 | ₹34.21 | +15.77% | |
| ₹35.10 | ₹35.20 | ₹28.25 | ₹29.21 | -16.78% | |
| ₹35.13 | ₹38.12 | ₹34.76 | ₹35.47 | +0.97% | |
| ₹35.00 | ₹42.00 | ₹33.99 | ₹35.63 | +1.80% | |
| ₹36.64 | ₹37.70 | ₹33.10 | ₹34.81 | -4.99% | |
| ₹41.28 | ₹41.90 | ₹35.52 | ₹36.64 | -11.24% | |
| ₹33.20 | ₹47.15 | ₹32.60 | ₹40.45 | +21.84% | |
| ₹35.00 | ₹36.00 | ₹31.50 | ₹32.94 | -5.89% | |
| ₹33.38 | ₹36.45 | ₹31.35 | ₹34.93 | +4.64% | |
| ₹35.25 | ₹36.00 | ₹32.46 | ₹33.05 | -6.24% |
AI Research Briefing
Powered by Gemini · 2026-04-10
A micro-cap brokerage play trading at a premium with deteriorating quarterly performance and high liquidity risk.
WHAT'S HAPPENING NOW (last 2-4 weeks)
Indbank Merchant Banking Services announced the closure of its trading window for designated persons and their immediate relatives, effective March 31, 2026, until 48 hours after the declaration of financial results.
CORE STORY (THE REAL GAME)
Indbank is a play on the increasing financialization of the Indian economy, specifically riding on the growth of retail participation in stock markets. It's a bet on rising brokerage income and fee-based services, not necessarily a deep value turnaround.
- Trading window closed until financial results
- Recent negative quarterly results
- Expensive valuation relative to industry
- Strong quarterly earnings
- Significant increase in retail trading volume
- Acquisition by a larger financial institution
- Micro/SME cap with low liquidity
- High promoter holding (64.84%) limits float
- Recent quarterly profit decline of -43.64%
FII holdings decreased slightly (-0.03%)
Indian markets are expected to perform better in 2026, driven by double-digit earnings growth
Poor - Free Cash Flow 5Y: ₹0.96 Cr
If retail participation continues to grow, Indbank could see further upside. However, a market correction or adverse regulatory changes could significantly impact its profitability.
Primary Thesis Risk
Reliance on continued retail investor exuberance makes it vulnerable to market corrections.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Indbank Merchant Banking Services Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Indbank Merchant Banking Services Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of INDBANK across key market metrics for learning purposes.
Positive Indicators
8 factors identified
Strong Operating Margins (35.12%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Consistent Growth Track Record (18.29% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Excellent EPS Growth (32.39% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (32.39% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Conservative Debt Levels (D/E: 0.03)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (35.80x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Balanced Promoter Holding (64.84%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
5 factors identified
Below-Average Return on Equity (9.67%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Profit Decline Concern (-43.64%)
Observation: Significant year-over-year profit contraction observed.
Analysis: Declining profitability requires investigation into underlying causes.
Revenue Contraction (-22.76%)
Observation: Sales decline may indicate market challenges or competitive pressures.
Analysis: Negative revenue growth requires analysis of market conditions.
Limited Institutional Interest (FII+DII: 0.09%)
Observation: Low institutional participation may affect liquidity.
Analysis: Limited institutional interest may indicate size constraints or visibility issues.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Indbank Merchant Banking Services Ltd vs Stockbroking & Allied Peers
Peer Comparison - Stockbroking & Allied
Compare Indbank Merchant Banking Services Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Indbank Merchant Banking Services LtdIndbank Merchan...Selected✓ INDBANK • 511473 | 49.9/100 | ₹32.66₹33 | ₹160.31₹160.31 | 25.41Average 25.4 Average | 9.67%Poor 9.67% Poor | 13.44%Average 13.44% Average | 0.03Excellent 0.0 Excellent | 32.39%Excellent 32.39% Excellent | 18.29%Excellent 18.29% Excellent | 0.00% |
Motilal Oswal Financial Services LtdMotilal Oswal F... MOTILALOFS • 532892 | 49.4/100 | ₹851.70₹852 | ₹57464.80₹57464.80 | 28.39Average 28.4 Average | 25.25%Excellent 25.25% Excellent | 18.67%Good 18.67% Good | 1.22Average 1.2 Average | 68.73%Excellent 68.73% Excellent | 28.74%Excellent 28.74% Excellent | 0.52% |
360 One Wam Ltd360 One Wam Ltd... 360ONE • 542772 | 34.1/100 | ₹1078.80₹1079 | ₹48255.08₹48255.08 | 42.85Average 42.9 Average | 20.57%Excellent 20.57% Excellent | 14.91%Average 14.91% Average | 1.47Average 1.5 Average | 39.89%Excellent 39.89% Excellent | 19.36%Excellent 19.36% Excellent | 1.01% |
Nuvama Wealth Management LtdNuvama Wealth M... NUVAMA • 543988 | 28.2/100 | ₹1557.00₹1557 | ₹27079.70₹27079.70 | 26.40Average 26.4 Average | 30.87%Excellent 30.87% Excellent | 20.40%Excellent 20.40% Excellent | 2.37Poor 2.4 Poor | 28.56%Excellent 28.56% Excellent | 39.77%Excellent 39.77% Excellent | 1.94% |
Angel One LtdAngel One Ltd... ANGELONE • 543235 | 42.7/100 | ₹335.60₹336 | ₹25109.97₹25109.97 | 32.10Average 32.1 Average | 27.07%Excellent 27.07% Excellent | 25.80%Excellent 25.80% Excellent | 0.77Good 0.8 Good | 66.93%Excellent 66.93% Excellent | 47.61%Excellent 47.61% Excellent | 1.74% |
IIFL Capital Services LimitedIIFL Capital Se... IIFLCAPS • 542773 | 48.9/100 | ₹338.70₹339 | ₹9721.38₹9721.38 | 16.62Average 16.6 Average | 31.58%Excellent 31.58% Excellent | 33.27%Excellent 33.27% Excellent | 0.62Good 0.6 Good | 34.67%Excellent 34.67% Excellent | 27.16%Excellent 27.16% Excellent | 0.96% |
Indo Thai Securities LtdIndo Thai Secur... INDOTHAI • 533676 | 61.8/100 | ₹226.57₹227 | ₹4935.97₹4935.97 | 231.08Average 231.1 Average | 6.54%Poor 6.54% Poor | 8.66%Poor 8.66% Poor | 0.02Excellent 0.0 Excellent | 22.52%Excellent 22.52% Excellent | 23.34%Excellent 23.34% Excellent | 0.02% |
Share India Securities LtdShare India Sec... SHAREINDIA • 540725 | 41.9/100 | ₹135.85₹136 | ₹3651.22₹3651.22 | 13.14Average 13.1 Average | 15.92%Good 15.92% Good | 20.55%Excellent 20.55% Excellent | 0.22Excellent 0.2 Excellent | 51.38%Excellent 51.38% Excellent | 44.72%Excellent 44.72% Excellent | 0.81% |
Monarch Networth Capital LtdMonarch Networt... MONARCH • 511551 | 60/100 | ₹329.80₹330 | ₹2428.79₹2428.79 | 15.62Average 15.6 Average | 26.17%Excellent 26.17% Excellent | 33.31%Excellent 33.31% Excellent | 0.01Excellent 0.0 Excellent | 130.66%Excellent 130.66% Excellent | 36.14%Excellent 36.14% Excellent | 0.33% |
Systematix Corporate Services LimitedSystematix Corp... SYSTMTXC • 526506 | 68.7/100 | ₹64.46₹64 | ₹2204.35₹2204.35 | 47.06Average 47.1 Average | 20.43%Excellent 20.43% Excellent | 25.09%Excellent 25.09% Excellent | 0.06Excellent 0.1 Excellent | 65.40%Excellent 65.40% Excellent | 26.80%Excellent 26.80% Excellent | 0.06% |
Geojit Financial Services LtdGeojit Financia... GEOJITFSL • 532285 | 52.9/100 | ₹70.97₹71 | ₹2031.43₹2031.43 | 17.36Average 17.4 Average | 16.83%Good 16.83% Good | 18.84%Good 18.84% Good | 0.11Excellent 0.1 Excellent | 27.45%Excellent 27.45% Excellent | 19.62%Excellent 19.62% Excellent | 2.06% |
Top Stockbroking & Allied Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- Motilal Oswal Financial Services Ltd share price57464.80 Cr
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Indbank Merchant Banking Services Ltd PE Ratio History
Historical price-to-earnings ratio for INDBANK — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2025 | ₹1.91 | ₹34.81 | 18.2x |
| FY 2024 | ₹2.03 | ₹46.27 | 22.8x |
| FY 2023 | ₹0.79 | ₹38.00 | 48.1x |
| FY 2022 | ₹1.57 | ₹32.25 | 20.5x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Indbank Merchant Banking Services Ltd Quarterly Performance
Latest quarterly metrics for INDBANK — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
-22.76%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
-43.64%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
18.29%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
32.39%
Compounded annual net profit growth over 5 years
Indbank Merchant Banking Services Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for INDBANK — calculated from daily price history
Momentum is balanced — neither overbought nor oversold.
Technical indicators are for educational purposes only. Not investment advice.
Indbank Merchant Banking Services Ltd Financial Statements
Annual income statement, balance sheet and cash flow for Indbank Merchant Banking Services Ltd (INDBANK) — sourced from NSE/BSE filings.
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About INDBANK (Indbank Merchant Banking Services Ltd)
Indbank Merchant Banking Services Ltd is a financial entity operating within the Indian stockbroking and allied services landscape. Established as a subsidiary of a prominent publi...c sector bank, Indbank leverages its parent company's robust infrastructure and widespread network to deliver a range of financial solutions. The organization focuses primarily on facilitating capital market access for corporations, offering expert guidance and execution capabilities for businesses seeking to raise funds through various channels. These services encompass managing initial public offerings (IPOs), rights issues, and private placements, effectively bridging the gap between companies seeking capital and investors looking for opportunities in the Indian market. Additionally, Indbank provides support for more complex corporate actions like mergers, acquisitions, and employee stock option plans. The company extends its expertise beyond capital raising, delving into the realm of financial advisory. Indbank offers valuation services, assisting businesses in accurately assessing the worth of their shares and other financial instruments. This service is crucial for informed decision-making in mergers, acquisitions, and other strategic transactions. Further strengthening its advisory offerings, Indbank facilitates loan syndication, connecting businesses with multiple lenders to secure necessary funding for growth and expansion. By providing comprehensive support throughout the entire financial lifecycle of a company, Indbank positions itself as a valuable partner for organizations navigating the complexities of the Indian financial market. Indbank also participates directly in the stock market through its stockbroking services, allowing individual and institutional investors to trade in equities and other securities. Coupled with its depository participant services, Indbank facilitates seamless and secure transactions within the Indian securities market. By offering both primary market services for corporations and secondary market access for investors, Indbank creates a comprehensive ecosystem that supports both capital formation and wealth creation within the Indian economy. These diverse activities, underpinned by its established reputation and experienced team, contribute to Indbank's standing within the Indian financial services industry.
Company Details
Key Leadership
Corporate Events
INDBANK Share Price: Frequently Asked Questions
What is the current share price of Indbank Merchant Banking Services Ltd?
Indbank Merchant Banking Services Ltd (INDBANK) trades at ₹32.66 on NSE and BSE. Market cap ₹160.31 (Cr). Educational data only.
What is the P/E ratio of Indbank Merchant Banking Services Ltd?
Indbank Merchant Banking Services Ltd has a P/E of 25.41x vs industry average 21.41x.
What is the Bull Run score for Indbank Merchant Banking Services Ltd?
Indbank Merchant Banking Services Ltd has a Bull Run score of 49.9/100 based on 25+ financial parameters.
Does Indbank Merchant Banking Services Ltd pay dividends?
Indbank Merchant Banking Services Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.
What is the ROE of Indbank Merchant Banking Services Ltd?
Indbank Merchant Banking Services Ltd has ROE of 9.67%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Indbank Merchant Banking Services Ltd?
Indbank Merchant Banking Services Ltd has debt-to-equity of 0.03.
Is Indbank Merchant Banking Services Ltd a good investment?
Bull Run gives Indbank Merchant Banking Services Ltd a score of 49.9/100. This is not investment advice — consult a SEBI-registered advisor.