Indbank Merchant

Who are in the management team of Indbank Merchant?

As of March 2023, the management team of Indbank Merchant includes G R Sundaravadivel, Chitra Murali, Vaijinath Gavarshetty, Satish Kumar Kalra (all Independent Directors), Imran Amin Siddiqui and Sunil Jain (Non-Executive Directors), and V. Hari Babu (President & Whole-time Director).

As of March 2023, the management team of Indbank Merchant includes the following individuals:<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 / Nomin<BR>6. V. Hari Babu - President & Whole-time Director<BR>7. Sunil Jain - Non Executive Director / Nomin<BR><BR>These members play various roles within the company's governance structure.

What does Indbank Merchant do?

Indbank Merchant Banking Services Ltd offers merchant banking, stock broking, and depository services, and is the only public sector merchant banking subsidiary in India. As of March 2025, it reported net sales of 5 Cr and a net profit of 1 Cr, with a market cap of Rs 161 Cr.

Overview:<BR>Indbank Merchant Banking Services Ltd is engaged in merchant banking, stock broking, and depository participant services within the capital markets industry, classified as a micro-cap company.<BR><BR>History:<BR>Indbank Merchant Banking Services Ltd was incorporated in August 1989 as a subsidiary of the Indian Bank. It is notable for being the first and only public sector merchant banking subsidiary in India to go public. The latest reported quarter for net sales and profit is March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 5 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 1 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 161 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 19.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.00 <BR>Return on Equity: 10.15% <BR>Price-to-Book: 1.91 <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

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.

Who are the peers of the Indbank Merchant?

Indbank Merchant's peers include HDFC AMC, Motil.Oswal.Fin., and Nippon Life Ind., among others. It has below-average management risk and a 1-year return of -28.23%, higher than DB Intl.Stock but lower than its other peers.

Peers: The peers of Indbank Merchant are HDFC AMC, Motil.Oswal.Fin., Nippon Life Ind., 360 ONE, Wallfort Fin., Dharni Capital, DB Intl.Stock, Asit C Mehta Fin, and Steel City Sec.<BR><BR>Quality Snapshot: Excellent management risk is observed at HDFC AMC, Nippon Life Ind., 360 ONE, and Dharni Capital, while Good management risk is found at Motil.Oswal.Fin. Average management risk is noted at Steel City Sec., and Below Average management risk is present at Indbank Merchant, Wallfort Fin., DB Intl.Stock, Asit C Mehta Fin, and the rest. Growth is rated as Excellent for HDFC AMC, Motil.Oswal.Fin., and Dharni Capital, while Average growth is seen at Nippon Life Ind., 360 ONE, and the rest. Good growth is observed at Indbank Merchant, Wallfort Fin., and DB Intl.Stock, while Below Average growth is noted at Asit C Mehta Fin.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Motil.Oswal.Fin. at 37.00%, while the lowest is DB Intl.Stock at -37.08%. Indbank Merchant's 1-year return is -28.23%, which is higher than DB Intl.Stock but lower than all other peers. Additionally, Wallfort Fin., DB Intl.Stock, and Asit C Mehta Fin. have negative six-month returns.

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.

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.

How big is Indbank Merchant?

As of 24th July, Indbank Merchant Banking Services Ltd has a market capitalization of 154.00 Cr, with Net Sales of 25.76 Cr and a Net Profit of 7.75 Cr reported in the latest four quarters. Shareholder's Funds are 83.37 Cr and Total Assets amount to 104.84 Cr as of March 2024.

As of 24th July, Indbank Merchant Banking Services Ltd has a market capitalization of 154.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 25.76 Cr and a Net Profit of 7.75 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 83.37 Cr and Total Assets of 104.84 Cr.

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.

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.

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

The next results date for Indbank Merchant Banking Services Ltd is 14 January 2026.

The next results date for Indbank Merchant Banking Services Ltd is scheduled for 14 January 2026.

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

Indbank Merchant Banking Services Ltd's latest results show a net profit increase of 64.10% year-on-year, but revenue declined slightly from the previous quarter, and operating margins have contracted significantly. Overall, while profit growth is positive, the company faces operational challenges that investors should consider.

Indbank Merchant Banking Services Ltd's latest results present a mixed picture. On the positive side, the company reported a net profit of ₹1.92 crore for Q3 FY26, which reflects a significant year-on-year increase of 64.10%. Additionally, revenue grew by 11.01% compared to the same quarter last year, reaching ₹6.25 crores.<BR><BR>However, there are concerning aspects as well. The company's revenue showed a slight sequential decline of 0.48% from the previous quarter, indicating potential demand challenges. More critically, the operating margin has contracted sharply to 42.56% from 55.47% in the same quarter last year, which highlights increased competitive pressures and rising costs.<BR><BR>Overall, while the net profit growth is commendable, the decline in revenue and operating margin compression suggest that the company is facing significant operational challenges. Investors may want to weigh these factors carefully when assessing the company's performance.

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

Why is Indbank Merchant Banking Services Ltd falling/rising?

As of 23-Mar, Indbank Merchant Banking Services Ltd's stock price is declining at Rs 29.85, down 4.05%, and has underperformed the sector. The stock is trading below all major moving averages, indicating a bearish trend, with a year-to-date decline of 14.96%.

As of 23-Mar, Indbank Merchant Banking Services Ltd is experiencing a decline in its stock price, currently at Rs 29.85, which reflects a change of -1.26 (-4.05%). The stock has underperformed compared to the sector, with a performance today that is down by 0.25%. Additionally, the stock reached an intraday low of Rs 29.7, marking a decrease of 4.53%.<BR><BR>Over the past week, the stock has decreased by 2.10%, while the benchmark Sensex has fallen by 3.72%. In the last month, the stock has seen a significant decline of 16.55%, compared to a 12.72% drop in the Sensex. Year-to-date, the stock is down 14.96%, slightly worse than the Sensex's decline of 14.70%. Over the past year, the stock has decreased by 6.10%, while the Sensex has fallen by 5.47%. <BR><BR>The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The finance/NBFC sector has also experienced a decline of 3.9%, contributing to the negative sentiment surrounding the stock. Despite a rise in delivery volume by 24.47% against the 5-day average, the overall liquidity remains low, with the stock trading at 2% of the 5-day average traded value.<BR><BR>These factors collectively indicate that Indbank Merchant Banking Services Ltd is facing downward pressure on its stock price.

Why is Indbank Merchant Banking Services Ltd falling/rising?

As of 24-Mar, Indbank Merchant Banking Services Ltd's stock price has risen to 30.82, reflecting a 3.25% increase due to sector outperformance and heightened investor interest. However, it remains below its moving averages, indicating potential long-term challenges despite the short-term gains.

As of 24-Mar, Indbank Merchant Banking Services Ltd is experiencing a rise in its stock price, currently at 30.82, with a change of 0.97, representing a 3.25% increase. This upward movement can be attributed to several factors. Firstly, the stock has outperformed its sector, gaining 0.93% more than the Finance/NBFC sector, which itself has risen by 2.45%. Additionally, there has been a notable increase in investor participation, with delivery volume on 23 March rising by 60.76% compared to the 5-day average, indicating heightened interest and activity in the stock.<BR><BR>Despite the current positive performance, it is important to note that Indbank Merchant is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This suggests that while there is a short-term rise, the stock may still be facing longer-term challenges. Overall, the combination of sector outperformance and increased trading activity appears to be driving the current rise in the stock price.

Why is Indbank Merchant Banking Services Ltd falling/rising?

As of 25-Mar, Indbank Merchant Banking Services Ltd's stock price is at 31.61, reflecting a 2.56% increase. The stock has gained recently but shows mixed performance indicators, including a drop in investor participation and underperformance relative to its sector.

As of 25-Mar, Indbank Merchant Banking Services Ltd's stock price is rising, currently at 31.61, reflecting an increase of 0.79 or 2.56%. This upward movement is supported by the stock gaining for the last two consecutive days, resulting in a total return of 5.9% during this period. Additionally, the stock has outperformed the benchmark Sensex, which has declined by 1.87% over the past week. <BR><BR>Despite this positive trend, it is important to note that the stock has underperformed its sector by 0.36% today and has seen a significant drop in investor participation, with delivery volume falling by 47.25% compared to the five-day average. Furthermore, while the stock is currently above its five-day moving average, it remains below its longer-term moving averages (20-day, 50-day, 100-day, and 200-day), indicating mixed performance over different time frames. Overall, the recent gains in the stock price can be attributed to short-term momentum, despite some concerning indicators regarding investor participation and relative sector performance.

Which are the latest news on Indbank Merchant?