Indbank Merchant

Why is Indbank Merchant Banking Services Ltd falling/rising?

As of 01-Sep, Indbank Merchant Banking Services Ltd's stock price is declining, currently at 31.50, reflecting a -0.91% change. The stock has consistently underperformed over various periods and is trading below its moving averages, indicating a bearish trend despite a slight outperformance against its sector today.

As of 01-Sep, Indbank Merchant Banking Services Ltd is experiencing a decline in its stock price, currently at 31.50, which reflects a change of -0.29 or -0.91%. This downward movement can be attributed to several factors. <BR><BR>Firstly, the stock has shown a negative performance over various time periods, including a 1-week decline of -1.44% and a 1-month drop of -2.51%, which indicates a consistent downward trend. Year-to-date, the stock has decreased by -10.26%, which is worse than the benchmark Sensex's decline of -9.71%. Over the past year, the stock has also underperformed, with a decrease of -8.32% compared to the Sensex's -4.26%.<BR><BR>Additionally, the stock is currently trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend. There has also been a notable decrease in investor participation, with delivery volume on 31 August falling by -44.75% against the 5-day average, indicating reduced interest from investors.<BR><BR>Despite outperforming its sector by 0.55% today, the overall trend reversal after two days of consecutive gains and the liquidity status, which shows that the stock is liquid enough for trading, do not seem to be sufficient to counteract the prevailing downward pressure on the stock price.

Which are the latest news on Indbank Merchant?

Who are in the management team of Indbank Merchant?

The management team of Indbank Merchant includes G R Sundaravadivel, Chitra Murali, Vaijinath Gavarshetty, Satish Kumar Kalra (all Independent Directors), Imran Amin Siddiqui, Sunil Jain (both Non-Executive Directors), and V. Hari Babu (President & Whole-time Director), who oversee the company's strategic direction and operations.

The management team of Indbank Merchant includes the following members:<BR><BR>1. **G R Sundaravadivel** - Independent Director<BR>2. **Chitra Murali** - Independent Director<BR>3. **Vaijinath Gavarshetty** - Independent Director<BR>4. **Satish Kumar Kalra** - Independent Director<BR>5. **Imran Amin Siddiqui** - Non-Executive Director / Nominated<BR>6. **Sunil Jain** - Non-Executive Director / Nominated<BR>7. **V. Hari Babu** - President & Whole-time Director<BR><BR>This team is responsible for guiding the company's strategic direction and overseeing its operations.

What does Indbank Merchant do?

Indbank Merchant Banking Services Ltd offers merchant banking, stock broking, and depository services, and is a micro-cap company with a market cap of INR 139 Cr. It reported net sales of 7 Cr and a net profit of 2 Cr for June 2026.

Overview:<BR>Indbank Merchant Banking Services Ltd is engaged in merchant banking, stock broking, depository participant services, and allied activities within the capital markets industry, classified as a micro-cap company.<BR><BR>History:<BR>Indbank was incorporated in August 1989 as a subsidiary of Indian Bank and became the first public sector merchant banking subsidiary in India to go public. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 7 Cr (Quarterly Results - Jun 2026) <BR>Most recent Net Profit: 2 Cr (Quarterly Results - Jun 2026) <BR>Market-cap value: INR 139 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 19.00 <BR>Industry P/E: 21 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.03 <BR>Return on Equity: 7.64% <BR>Price-to-Book: 1.46 <BR><BR>Contact Details:<BR>Address: Khivraj Complex 1 1st Floor, 480 Anna Salai Nandanam Chennai Tamil Nadu : 600035 <BR>Tel: 91-44-24313094-97 <BR>Email: investors@indbankonline.com <BR>Website: http://www.indbankonline.com

Who are the peers of the Indbank Merchant?

Indbank Merchant's peers include Swastika Investm, Almondz Global, IL&FS Inv.Manag., Quest Capital, Rikhav Securitie, LKP Securities, Onelife Capital, Dharni Capital, and Inventure Grow. Notably, Onelife Capital has the highest 1-year return at 169.03%, while Indbank Merchant's return is -9.25%.

Peers: The peers of Indbank Merchant are Swastika Investm, Almondz Global, IL&FS Inv.Manag., Quest Capital, Rikhav Securitie, LKP Securities, Onelife Capital, Dharni Capital, and Inventure Grow.<BR><BR>Quality Snapshot: Excellent management risk is observed at Dharni Capital, while Average management risk is found at Swastika Investm and LKP Securities. Below Average management risk is noted for Almondz Global, IL&FS Inv.Manag., Quest Capital, Rikhav Securitie, Indbank Merchant, Onelife Capital, Inventure Grow, and the rest. Growth is rated as Good for Almondz Global, Onelife Capital, and Dharni Capital, while Average growth is seen at Swastika Investm and Rikhav Securitie. Below Average growth is attributed to IL&FS Inv.Manag., Quest Capital, Indbank Merchant, LKP Securities, and Inventure Grow. All peers have an Excellent capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Onelife Capital at 169.03%, while the lowest is Quest Capital at -28.11%. Indbank Merchant's own 1-year return is -9.25%, which is higher than Quest Capital's but lower than Onelife Capital's. Additionally, the six-month return is negative for Indbank Merchant, Quest Capital, Rikhav Securitie, and Inventure Grow.

How big is Indbank Merchant?

As of 31st August, Indbank Merchant Banking Services Ltd has a market capitalization of 139.00 Cr, with Net Sales of 25.32 Cr and a Net Profit of 7.37 Cr reported in the latest four quarters. Shareholder's Funds are 91.65 Cr and Total Assets amount to 116.45 Cr as of March 2025.

As of 31st August, Indbank Merchant Banking Services Ltd has a market capitalization of 139.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 25.32 Cr and a Net Profit of 7.37 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 91.65 Cr and Total Assets of 116.45 Cr.

Are Indbank Merchant Banking Services Ltd latest results good or bad?

Indbank Merchant Banking Services Ltd's Q1 FY27 results are generally positive, with a net profit increase of 11.21% year-on-year and significant operational improvements. However, market skepticism and a low return on equity raise concerns about the stock's sustainability despite the strong performance.

Indbank Merchant Banking Services Ltd's latest results for Q1 FY27 can be considered good overall, reflecting significant operational improvements. The company reported a net profit of ₹2.38 crore, which is an impressive increase of 11.21% year-on-year and a remarkable 114.41% growth compared to the previous quarter. Revenue also saw a positive trend, reaching ₹6.90 crore, marking a 3.14% increase year-on-year and a substantial 17.15% increase quarter-on-quarter.<BR><BR>Additionally, the operating margin improved to 45.80%, the highest in the last seven quarters, indicating strong cost management and operational efficiency. The profit after tax (PAT) margin also rose to 34.49%, up from 31.99% in the same quarter last year.<BR><BR>However, despite these positive results, the stock has faced some market skepticism, evidenced by a decline in its share price following the announcement. The company's return on equity remains a concern at 8.29%, which is below industry benchmarks, and its premium valuation relative to peers raises questions about sustainability.<BR><BR>In summary, while the quarterly results demonstrate strong operational execution, the overall market perception and valuation concerns suggest a mixed outlook for investors.

Should I buy, sell or hold Indbank Merchant Banking Services Ltd?

When is the next results date for Indbank Merchant Banking Services Ltd?

The next results date for Indbank Merchant Banking Services Ltd is April 20, 2026.

The next results date for Indbank Merchant Banking Services Ltd is scheduled for April 20, 2026.

How has been the historical performance of Indbank Merchant?

Indbank Merchant has shown consistent growth in net sales and profitability, with net sales increasing from 8.12 crore in March 2019 to 26.78 crore in March 2025, and profit after tax rising from 1.77 crore to 8.46 crore in the same period. The company's total assets also grew significantly, reaching 116.45 crore by March 2025.

Answer:<BR>The historical performance of Indbank Merchant shows a steady increase in net sales and profitability over the years.<BR><BR>Breakdown:<BR>Indbank Merchant's net sales have shown a consistent upward trend, increasing from 8.12 crore in March 2019 to 26.78 crore in March 2025. The total operating income followed a similar pattern, reaching 26.78 crore in March 2025, up from 24.92 crore in March 2024 and 18.28 crore in March 2023. Operating profit (PBDIT) has also improved significantly, with a value of 11.94 crore in March 2025 compared to just 1.97 crore in March 2019. The profit before tax reached 11.50 crore in March 2025, reflecting a strong growth from 1.81 crore in March 2019. Profit after tax has increased to 8.46 crore in March 2025 from 1.77 crore in March 2019. The company's total assets rose to 116.45 crore in March 2025, up from 70.28 crore in March 2020, while total liabilities increased to 116.45 crore in March 2025 from 70.28 crore in March 2020. Cash and cash equivalents improved to 1.00 crore in March 2025, indicating a recovery from previous years. Overall, Indbank Merchant has demonstrated significant growth in sales, profits, and asset base over the years.

Is Indbank Merchant overvalued or undervalued?

As of November 13, 2025, Indbank Merchant is fairly valued with a PE ratio of 26.25, lower than Bajaj Finance's 34.18, and despite a year-to-date return of -19.41% compared to the Sensex's 8.11%, its long-term performance of 371.81% over ten years suggests potential for recovery and growth.

As of 13 November 2025, the valuation grade for Indbank Merchant has moved from expensive to fair. Based on the analysis, the company appears to be fairly valued at this time. Key ratios include a PE ratio of 26.25, an EV to EBIT of 9.21, and a ROCE of 73.02%. <BR><BR>In comparison with peers, Indbank Merchant's PE ratio is significantly lower than Bajaj Finance, which stands at 34.18, indicating that Indbank may offer better value relative to its earnings. Additionally, Life Insurance, which is rated very attractive, has a much lower PE of 11.18, suggesting that Indbank is competitively positioned within the capital markets sector. Despite recent underperformance against the Sensex, with a year-to-date return of -19.41% compared to the Sensex's 8.11%, the long-term performance of 371.81% over ten years highlights the potential for recovery and growth.

Who are the top shareholders of the Indbank Merchant?

The top shareholder of Indbank Merchant is Indian Bank, holding 64.84% of the shares, followed by individual investors with 29.48%. Mutual funds and a foreign institutional investor hold minor stakes of 0.09% and 0.03%, respectively.

The top shareholders of Indbank Merchant are primarily the promoters, with Indian Bank holding the largest share at 64.84%. There are no pledged promoter holdings, and individual investors collectively hold 29.48% of the shares. Additionally, mutual funds have a minor stake through five schemes, accounting for 0.09%, and there is one foreign institutional investor (FII) with a 0.03% holding. There are no significant public shareholders listed.

What is the technical trend for Indbank Merchant?

As of June 5, 2025, Indbank Merchant's technical trend is neutral with mixed signals, showing a sideways movement due to conflicting indicators across weekly and monthly charts.

As of 5 June 2025, the technical trend for Indbank Merchant has changed from mildly bearish to sideways. The current stance is neutral, with mixed signals across different indicators. The weekly MACD is mildly bullish, while the monthly MACD is mildly bearish. The Bollinger Bands indicate a bullish trend on the weekly chart but are mildly bearish on the monthly. Moving averages on the daily chart show a mildly bearish trend. The KST is mildly bullish weekly but bearish monthly, and the Dow Theory shows a mildly bullish stance on the weekly but no trend on the monthly. The OBV is bullish for both weekly and monthly periods. Overall, the mixed indicators suggest a sideways movement with no strong directional bias at this time.

Has Indbank Merchant declared dividend?

Indbank Merchant Banking Services Ltd has declared an 8% dividend, amounting to 0.8000 per share, with an ex-date of August 7, 2009. However, the dividend yield is 0%, and while total returns show significant growth over longer periods, the dividend has not contributed to returns recently.

Indbank Merchant Banking Services Ltd has declared an 8% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 8%<BR>- Amount per share: 0.8000<BR>- Ex-date: 07 Aug 09<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -25.85%, the dividend return was 0%, resulting in a total return of -25.85%.<BR><BR>In the 1-year period, the price return was -22.65%, the dividend return was 0%, resulting in a total return of -22.65%.<BR><BR>In the 2-year period, the price return was 39.6%, the dividend return was 0%, resulting in a total return of 39.6%.<BR><BR>In the 3-year period, the price return was 53.86%, the dividend return was 0%, resulting in a total return of 53.86%.<BR><BR>In the 4-year period, the price return was 126.18%, the dividend return was 0%, resulting in a total return of 126.18%.<BR><BR>In the 5-year period, the price return was 360.21%, the dividend return was 0%, resulting in a total return of 360.21%.<BR><BR>Overall, while Indbank Merchant has declared a dividend, the dividend yield is 0%, indicating that the dividend has not contributed to returns in recent periods. The total returns show significant growth over longer periods, particularly in the 4 and 5-year spans, despite the lack of dividend contributions.