Indbank Merchant Banking Services Ltd
Indbank Merchant Banking Services Ltd (INDBANK) last reported results for the quarter ended Jun 2026, with sales of ₹6.9 crore and net profit of ₹2.38 crore. The stock last traded at ₹25.6, a market capitalisation of ₹113 crore, on a P/E of 15.5. Over the past 52 weeks the stock has ranged between ₹24.2 and ₹44.8. Figures are as of 9 Oct 2026 and are not real time.
Indbank Merchant Banking Services Ltd share price and key metrics
- Current price
- ₹25.6
- Market cap
- ₹113 cr
- Stock P/E
- 15.5
- Book value
- ₹22.2
- ROE
- 7.34%
- ROCE
- 10.3%
- Dividend yield
- 0.00%
- 52w high / low
- 44.8/24.2
Metrics as of 9 Oct 2026. Not real time.
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Indbank Merchant Banking Services Ltd growth and returns
- 10 Years
- 11%
- 5 Years
- 11%
- 3 Years
- 11%
- TTM
- -2%
- 10 Years
- 10%
- 5 Years
- 12%
- 3 Years
- 32%
- TTM
- -6%
- 10 Years
- 9%
- 5 Years
- 0%
- 3 Years
- -9%
- 1 Year
- -37%
- 10 Years
- 7%
- 5 Years
- 8%
- 3 Years
- 9%
- Last Year
- 7%
Indbank Merchant Banking Services Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹6.9 cr, up 3.1% from ₹6.69 cr a year earlier. Net profit was ₹2.38 cr, up 11.2% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 8.13 | 5.63 | 5.31 | 6.69 | 6.28 | 6.25 | 5.89 | 6.9 |
| Expenses | 3.62 | 3.6 | 3.65 | 3.78 | 3.63 | 3.59 | 4.06 | 3.74 |
| Operating profit | 4.51 | 2.03 | 1.66 | 2.91 | 2.65 | 2.66 | 1.83 | 3.16 |
| OPM % | 55.47% | 36.06% | 31.26% | 43.50% | 42.20% | 42.56% | 31.07% | 45.80% |
| Other income | 0 | 0.02 | 0 | 0 | 0.01 | 0 | 0.13 | 0 |
| Interest | 0.02 | 0.05 | 0.04 | 0.07 | 0.09 | 0.02 | 0.01 | 0.01 |
| Depreciation | 0.11 | 0.11 | 0.1 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 |
| Profit before tax | 4.38 | 1.89 | 1.52 | 2.78 | 2.51 | 2.58 | 1.88 | 3.08 |
| Tax % | 24.66% | 38.10% | 25.00% | 23.02% | 26.29% | 25.97% | 35.64% | 23.05% |
| Net profit | 3.3 | 1.17 | 1.14 | 2.14 | 1.86 | 1.92 | 1.21 | 2.38 |
| EPS (₹) | 0.74 | 0.26 | 0.26 | 0.48 | 0.42 | 0.43 | 0.27 | 0.54 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Indbank Merchant Banking Services Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10.54 | 13.82 | 10.39 | 11.47 | 14.91 | 20.62 | 18.24 | 24.76 | 26.57 | 24.95 | 25.32 |
| Operating profit | 0.41 | 5.17 | 1.44 | -1.01 | 2.04 | 6.45 | 5.5 | 10.96 | 11.96 | 9.8 | 10.3 |
| OPM % | 3.89% | 37.41% | 13.86% | -8.81% | 13.68% | 31.28% | 30.15% | 44.26% | 45.01% | 39.28% | 40.68% |
| Net profit | 5.34 | 2.22 | 1.77 | 2.09 | 4.06 | 6.96 | 3.5 | 9 | 8.46 | 7.12 | 7.37 |
| EPS (₹) | 1.20 | 0.50 | 0.40 | 0.47 | 0.91 | 1.57 | 0.79 | 2.03 | 1.91 | 1.60 | 1.66 |
TTM is the trailing twelve months to the most recent quarter.
Indbank Merchant Banking Services Ltd balance sheet
| ₹ crore | 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 |
| Reserves | 9.98 | 12.13 | 13.86 | 15.83 | 19.90 | 26.75 | 30.13 | 38.99 | 47.27 | 54.36 |
| Borrowings | 1.58 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 2.79 | 0.00 | 0.01 | 0.00 |
| Other liabilities | 24.39 | 24.47 | 9.30 | 13.94 | 19.91 | 21.33 | 20.08 | 22.97 | 26.23 | 24.40 |
| Total liabilities | 80.33 | 81.01 | 67.54 | 74.15 | 84.19 | 92.46 | 97.38 | 106.34 | 117.89 | 123.14 |
| Fixed assets | 4.07 | 3.73 | 3.58 | 3.33 | 3.37 | 3.71 | 3.55 | 3.32 | 3.13 | 3.05 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.10 | 1.24 | 0.45 | 0.19 | 0.80 | 1.30 | 1.37 | 2.44 | 1.83 | 3.02 |
| Other assets | 74.16 | 76.04 | 63.51 | 70.63 | 80.02 | 87.32 | 92.46 | 100.58 | 112.93 | 117.07 |
| Total assets | 80.33 | 81.01 | 67.54 | 74.15 | 84.19 | 92.46 | 97.38 | 106.34 | 117.89 | 123.14 |
As reported by the company. Total assets equal total liabilities by construction.
Indbank Merchant Banking Services Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 5.55 | 4.65 | 4.95 | 14.92 | 8.14 | 0.55 | -5.30 | -1.16 | -0.07 | 2.05 |
| Cash from investing | -6.47 | -2.94 | -3.41 | -10.32 | -8.44 | -0.98 | -1.03 | -0.17 | 0.56 | -1.44 |
| Cash from financing | 0.00 | -0.80 | 0.00 | 0.00 | -1.51 | -1.51 | -0.89 | -0.07 | -0.12 | -0.19 |
| Net cash flow | -0.92 | 0.90 | 1.54 | 4.61 | -1.80 | -1.93 | -7.22 | -1.40 | 0.37 | 0.41 |
| Free cash flow | 5.47 | 4.56 | 4.87 | 14.88 | 7.94 | -0.12 | -5.39 | -1.30 | -0.32 | 1.88 |
| CFO / operating profit | 1,354% | 123% | 350% | -1,528% | 405% | 30% | -81% | 11% | 29% | 42% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Indbank Merchant Banking Services Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 12.36% | 9.87% | 5.68% | 7.51% | 10.27% | 14.89% | 7.02% | 13.41% | 13.44% | 10.26% |
| Debtor days | 318.60 | 210.50 | 184.43 | 29.28 | 78.58 | 59.65 | 82.45 | 67.52 | 81.87 | 93.33 |
| Cash conversion cycle | 318.60 | 210.50 | 184.43 | 29.28 | 78.58 | 59.65 | 82.45 | 67.52 | 81.87 | 93.33 |
| Working capital days | 587.67 | 452.42 | -23.19 | -308.36 | -286.66 | -71.87 | 1.40 | 71.94 | -29.67 | 58.81 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Indbank Merchant Banking Services Ltd shareholding pattern
Promoters held 64.84% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.00% and DIIs 0.09%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% |
| FIIs | 0.20% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% |
| Public | 34.87% | 35.07% | 35.08% | 35.04% | 35.08% | 35.07% | 35.07% | 35.07% |
| No. of shareholders | 49,132 | 51,232 | 50,969 | 51,236 | 51,231 | 50,537 | 50,062 | 49,528 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Indbank Merchant Banking Services Ltd corporate filings
- Indbank Merchant Banking Services Limited announces Q2 FY2027 unaudited financial results with notable revenue growth and stable marginsBoard Meetingmedium impact
Cruxal's analysis: Indbank Merchant Banking Services Limited reported a significant increase in total…
Read the full analysis - Indbank Merchant Banking Services Limited schedules Board meeting to consider and approve Q2 FY2027 unaudited financial resultsBoard Meetinglow impact
Cruxal's analysis: Indbank Merchant Banking Services Limited has announced a Board meeting scheduled for 9th…
Read the full analysis - Intimation regarding closure of trading windowInsider Trading / SASTlow impact
- Indbank Merchant Banking Services Limited announces successful conclusion of 37th Annual General MeetingAGM/EGMlow impact
Cruxal's analysis: Indbank Merchant Banking Services Limited has successfully concluded its 37th Annual…
Read the full analysis - Indbank Merchant Banking Services Limited concludes 37th Annual General MeetingAGM/EGMlow impact
Cruxal's analysis: Indbank Merchant Banking Services Limited held its 37th Annual General Meeting on…
Read the full analysis - Indbank Merchant Banking Services Limited Announces 37th Annual General Meeting for September 24, 2026Company Updatelow impact
Cruxal's analysis: Indbank Merchant Banking Services Limited has issued a formal notice for its 37th Annual…
Read the full analysis - Indbank Merchant Banking Services Limited schedules Annual General Meeting for September 24, 2026Corp. Actionlow impact
Cruxal's analysis: Indbank Merchant Banking Services Limited has announced the closure of its Register of…
Read the full analysis - Indbank Merchant Banking Services Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Indbank Merchant Banking Services Ltd has filed its Annual Report for the financial year…
Read the full analysis - Indbank Merchant Banking Services Limited announces 37th Annual General Meeting scheduled for September 24, 2026AGM/EGMlow impact
Cruxal's analysis: Indbank Merchant Banking Services Limited has issued a formal notice for its 37th Annual…
Read the full analysis - Indbank Merchant Banking Services Ltd schedules 37th Annual General Meeting for September 24, 2026Otherslow impact
Cruxal's analysis: Indbank Merchant Banking Services Ltd has formally announced that its 37th Annual General…
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