Indbank Merchant

Market Cap: Micro Cap
Industry: Capital Markets
ISIN: INE841B01017
NSEID: INDBANK
BSEID: 511473

INR

35.33

0.07 (0.2%)

BSENSE

Dec 05

BSE+NSE Vol: 33.55 k

{
  "main_header": {
    "sid": 580002,
    "name": "Indbank Merchant",
    "stock_name": "Indbank Merchant",
    "full_name": "Indbank Merchant Banking Services Ltd",
    "name_url": "stocks-analysis/indbank-merchant",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "35.33",
    "chg": 0.07,
    "chgp": "0.2%",
    "dir": 1,
    "prev_price": "35.26",
    "mcapval": "158.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": 511473,
    "symbol": "INDBANK",
    "ind_name": "Capital Markets",
    "ind_code": 5,
    "indexname": "",
    "isin": "INE841B01017",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": "33.55 k",
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 0,
    "market_time": 0,
    "is_blur": 1,
    "is_blur_class": "blur-registerF-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/indbank-merchant-580002-0&utm_source=Spage_Header_Score",
    "mojoone": {
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  },
  "news": {
    "results": [
      {
        "title": "Indbank Merchant Banking Services Faces Market Headwinds Amid Mixed Financial and Technical Signals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/indbank-merchant-banking-services-downgraded-to-strong-sell-amid-weak-fundamentals-and-bearish-technicals-3747508",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/IndbankMerchant_mojoScore_3747508.png",
        "date": "2025-12-05 08:02:33",
        "description": "Indbank Merchant Banking Services has experienced a shift in market assessment following a recent revision in its evaluation metrics. The capital markets company’s performance across quality, valuation, financial trends, and technical indicators presents a complex picture that investors should carefully consider amid broader market dynamics."
      },
      {
        "title": "Why is Indbank Merchant falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-indbank-merchant-fallingrising-3747180",
        "imagepath": "",
        "date": "2025-12-05 00:45:39",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Recent Price Movement and Market Context</strong></p>\n<p>Indbank Merchant's share price has been on a consistent decline over the past week, registering a loss of 3.45%, which significantly outpaces the Sensex's modest fall of 0.53% during the same period. The stock's underperformance is even more pronounced over the last month, where it has declined by 11.61%, contrasting sharply with the Sensex's 2.16% gain. Year-to-date figures further highlight this divergence, with Indbank Merchant down 23.86% while the Sensex has advanced by 9.12%. Over the last year, the stock has fallen 29.48%, whereas the benchmark index has risen 5.32%. These figures underscore a sustained period of underperformance relative to the broader market.</p>\n<p><strong>Technical Indicators and Trading Activity</strong></p..."
      },
      {
        "title": "How has been the historical performance of Indbank Merchant?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-indbank-merchant-3747088",
        "imagepath": "",
        "date": "2025-12-04 22:44:45",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Revenue and Profitability Trends</strong></p>\n<p>Indbank Merchant’s net sales have shown a robust upward trajectory, rising from ₹8.12 crores in March 2019 to ₹26.78 crores by March 2025. This growth reflects a compound expansion in the company’s core business activities, with total operating income mirroring this trend as other operating income remained negligible throughout the period. The company’s operating profit margin, excluding other income, improved significantly from negative margins in earlier years to a strong 44.47% in the latest fiscal year, underscoring enhanced operational efficiency.</p>\n<p>Operating profit (PBDIT) excluding other income surged from a loss of ₹1.06 crores in 2019 to a positive ₹11.91 crores in 2025, while the overall operating profit including other income r..."
      },
      {
        "title": "Indbank Merchant Sees Revision in Market Evaluation Amid Mixed Financial Signals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/indbank-merchant-upgraded-from-strong-sell-to-sell-by-marketsmojo-3746432",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/IndbankMerchant_mojoScore_3746432.png",
        "date": "2025-12-04 11:08:33",
        "description": "Indbank Merchant has experienced a revision in its market evaluation, reflecting changes in its financial and technical outlook. This shift comes amid a backdrop of subdued long-term fundamentals and recent flat financial results, prompting a reassessment of its standing within the capital markets sector."
      },
      {
        "title": "Is Indbank Merchant overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-indbank-merchant-overvalued-or-undervalued-3700076",
        "imagepath": "",
        "date": "2025-11-14 08:08:49",
        "description": "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%. \n\nIn 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...."
      },
      {
        "title": "Why is Indbank Merchant falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-indbank-merchant-fallingrising-3698483",
        "imagepath": "",
        "date": "2025-11-13 21:38:56",
        "description": "As of 13-Nov, Indbank Merchant Banking Services Ltd is experiencing a decline in its stock price, currently at 37.32, which reflects a decrease of 0.19 or 0.51%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total decline of 8.86% during this period. Additionally, the stock's performance over the past week shows a decrease of 4.31%, while it has underperformed the sector by 0.49% today. The stock's delivery volume has also decreased significantly, falling by 41.56% against the five-day average, indicating a drop in investor participation. Furthermore, while the stock is trading higher than its 50-day, 100-day, and 200-day moving averages, it is lower than its 5-day and 20-day moving averages, suggesting a short-term weakness.\n\nIn the broader market context, the Sensex has shown a positive return of 1.40% over the past week, contrasting sharply with I..."
      },
      {
        "title": "Why is Indbank Merchant falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-indbank-merchant-fallingrising-3649523",
        "imagepath": "",
        "date": "2025-10-27 21:37:53",
        "description": "As of 27-Oct, Indbank Merchant Banking Services Ltd is experiencing a decline in its stock price, currently at 39.42, which represents a decrease of 0.91 or 2.26%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.78% over the past week. Additionally, the stock's performance today has underperformed its sector by 2.54%. Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 30.85% compared to the 5-day average, indicating reduced trading interest.\n\nBroader Market Context: In comparison to the benchmark, the Sensex has shown a positive return of 0.49% over the past week, while Indbank has declined by 5.78%, highlighting a significant underperformance relative to..."
      },
      {
        "title": "Indbank Merchant Banking Services Shows Bullish Technical Shift Amid Flat Financial Performance",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/indbank-merchant-banking-services-stock-upgraded-from-strong-sell-to-sell-3636637",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/10/IndbankMerchant_mojoScore_3636637.png",
        "date": "2025-10-21 08:08:11",
        "description": "Indbank Merchant Banking Services has experienced a recent evaluation adjustment, with its technical indicators reflecting a shift in market sentiment. While the company reported flat financial performance for the quarter ending September 2025, it continues to trade at a premium compared to its peers in the capital markets industry."
      },
      {
        "title": "How has been the historical performance of Indbank Merchant?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-indbank-merchant-3635951",
        "imagepath": "",
        "date": "2025-10-20 22:38:21",
        "description": "Answer:\nThe historical performance of Indbank Merchant shows a steady increase in net sales and profit over the years, with the latest figures for March 2025 indicating net sales of 26.78 crore and a profit after tax of 8.46 crore.\n\nBreakdown:\nIndbank Merchant has demonstrated a positive trend in net sales, rising from 8.12 crore in March 2019 to 26.78 crore in March 2025. The total operating income has similarly increased, reaching 26.78 crore in March 2025, up from 18.28 crore in March 2023. Operating profit, excluding other income, has shown significant improvement, peaking at 11.91 crore in March 2025, compared to a loss of 5.23 crore in March 2020. Profit before tax has also seen a rise, reaching 11.50 crore in March 2025, while profit after tax has increased to 8.46 crore from 1.77 crore in March 2019. The company's total assets have grown from 70.28 crore in March 2020 to 116.45 crore in March 2025, ..."
      }
    ],
    "total": 144,
    "sid": "580002",
    "stock_news_url": "https://www.marketsmojo.com/news/indbank-merchant-banking-services-580002"
  },
  "announcements": [
    {
      "caption": "Announcement under Regulation 30 (LODR)-Newspaper Publication",
      "datetime": "17-Oct-2025",
      "details": "A copy of Newspaper publication- quarterly results for the quarter ended 30th Sep 2025",
      "source": "BSE"
    },
    {
      "caption": "Un-Audited Financial Results For The Quarter Ended 30.09.2025",
      "datetime": "13-Oct-2025",
      "details": "Un-audited financial results for the quarter ended 30th September 2025 along with Limited Review Report.",
      "source": "BSE"
    },
    {
      "caption": "Board Meeting Outcome for Outcome Of Board Meeting",
      "datetime": "13-Oct-2025",
      "details": "Outcome of Board Meeting",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Indbank Merchant Banking Services Ltd has declared <strong>8%</strong> dividend, ex-date: 07 Aug 09",
          "dt": "2009-08-07",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Indbank Merchant Banking Services Faces Market Headwinds Amid Mixed Financial and Technical Signals

2025-12-05 08:02:33

Indbank Merchant Banking Services has experienced a shift in market assessment following a recent revision in its evaluation metrics. The capital markets company’s performance across quality, valuation, financial trends, and technical indicators presents a complex picture that investors should carefully consider amid broader market dynamics.

Why is Indbank Merchant falling/rising?

2025-12-05 00:45:39

Recent Price Movement and Market Context

Indbank Merchant's share price has been on a consistent decline over the past week, registering a loss of 3.45%, which significantly outpaces the Sensex's modest fall of 0.53% during the same period. The stock's underperformance is even more pronounced over the last month, where it has declined by 11.61%, contrasting sharply with the Sensex's 2.16% gain. Year-to-date figures further highlight this divergence, with Indbank Merchant down 23.86% while the Sensex has advanced by 9.12%. Over the last year, the stock has fallen 29.48%, whereas the benchmark index has risen 5.32%. These figures underscore a sustained period of underperformance relative to the broader market.

Technical Indicators and Trading ActivityRead More

How has been the historical performance of Indbank Merchant?

2025-12-04 22:44:45

Revenue and Profitability Trends

Indbank Merchant’s net sales have shown a robust upward trajectory, rising from ₹8.12 crores in March 2019 to ₹26.78 crores by March 2025. This growth reflects a compound expansion in the company’s core business activities, with total operating income mirroring this trend as other operating income remained negligible throughout the period. The company’s operating profit margin, excluding other income, improved significantly from negative margins in earlier years to a strong 44.47% in the latest fiscal year, underscoring enhanced operational efficiency.

Operating profit (PBDIT) excluding other income surged from a loss of ₹1.06 crores in 2019 to a positive ₹11.91 crores in 2025, while the overall operating profit including other income r...

Indbank Merchant Sees Revision in Market Evaluation Amid Mixed Financial Signals

2025-12-04 11:08:33

Indbank Merchant has experienced a revision in its market evaluation, reflecting changes in its financial and technical outlook. This shift comes amid a backdrop of subdued long-term fundamentals and recent flat financial results, prompting a reassessment of its standing within the capital markets sector.

Is Indbank Merchant overvalued or undervalued?

2025-11-14 08:08:49

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%. 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....

Why is Indbank Merchant falling/rising?

2025-11-13 21:38:56

As of 13-Nov, Indbank Merchant Banking Services Ltd is experiencing a decline in its stock price, currently at 37.32, which reflects a decrease of 0.19 or 0.51%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total decline of 8.86% during this period. Additionally, the stock's performance over the past week shows a decrease of 4.31%, while it has underperformed the sector by 0.49% today. The stock's delivery volume has also decreased significantly, falling by 41.56% against the five-day average, indicating a drop in investor participation. Furthermore, while the stock is trading higher than its 50-day, 100-day, and 200-day moving averages, it is lower than its 5-day and 20-day moving averages, suggesting a short-term weakness. In the broader market context, the Sensex has shown a positive return of 1.40% over the past week, contrasting sharply with I...

Why is Indbank Merchant falling/rising?

2025-10-27 21:37:53

As of 27-Oct, Indbank Merchant Banking Services Ltd is experiencing a decline in its stock price, currently at 39.42, which represents a decrease of 0.91 or 2.26%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.78% over the past week. Additionally, the stock's performance today has underperformed its sector by 2.54%. Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 30.85% compared to the 5-day average, indicating reduced trading interest. Broader Market Context: In comparison to the benchmark, the Sensex has shown a positive return of 0.49% over the past week, while Indbank has declined by 5.78%, highlighting a significant underperformance relative to...

Indbank Merchant Banking Services Shows Bullish Technical Shift Amid Flat Financial Performance

2025-10-21 08:08:11

Indbank Merchant Banking Services has experienced a recent evaluation adjustment, with its technical indicators reflecting a shift in market sentiment. While the company reported flat financial performance for the quarter ending September 2025, it continues to trade at a premium compared to its peers in the capital markets industry.

How has been the historical performance of Indbank Merchant?

2025-10-20 22:38:21

Answer: The historical performance of Indbank Merchant shows a steady increase in net sales and profit over the years, with the latest figures for March 2025 indicating net sales of 26.78 crore and a profit after tax of 8.46 crore. Breakdown: Indbank Merchant has demonstrated a positive trend in net sales, rising from 8.12 crore in March 2019 to 26.78 crore in March 2025. The total operating income has similarly increased, reaching 26.78 crore in March 2025, up from 18.28 crore in March 2023. Operating profit, excluding other income, has shown significant improvement, peaking at 11.91 crore in March 2025, compared to a loss of 5.23 crore in March 2020. Profit before tax has also seen a rise, reaching 11.50 crore in March 2025, while profit after tax has increased to 8.46 crore from 1.77 crore in March 2019. The company's total assets have grown from 70.28 crore in March 2020 to 116.45 crore in March 2025, ...

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