Indbank Merchant Banking Services
- Market cap
- ₹ 104 Cr.
- P/E
- 15.2x
- P/B
- 1.07x
- 52-week range
- 22.65 – 42.48
- ROE
- 7%
- ROCE
- 10.3%
- Dividend yield
- 0%
- Debt / equity
- 0
- Sector
- Capital Markets
- Industry
- Stockbroking & Allied
- Listed on
- NSE, BSE
About
Indbank Merchant Banking Services Limited is engaged in stockbroking, depository participant operations, distribution of mutual funds and other investment products and merchant banking. The services of the Company include merchant banking, advisory services, stockbroking, depository participant (DP) operations, distribution of mutual fund (MF) and E-services. Its advisory services include valuation of shares and other financial instruments, syndication of loans, acquisitions, mergers and amalgamations, project counseling, appraisal, and feasibility studies. Internet-based demat account statements (IDeAS) and SPEED-e are e-services of the Company. IDeAS is a facility offered for customers to view balances and transactions in the demat account updated on an online basis. The SPEED-e facility enables customers to send delivery instructions electronically. It also allows demat account holders to submit delivery instructions directly on the Internet through the SPEED-e Website.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Stockbroking & Allied: 42 companies →Indbank Merchant Banking Services against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)15.2 against a typical 20: cheaper than most peers (1st = cheapest).14th of 42
- Sales growth+1.3% against a typical +18.8% from a year earlier.30th of 41
- Profit growth−13.4% against a typical +10% from a year earlier.26th of 35
- Share price, 3 months−27.7% against a typical −2.7%.39th of 40
- Size₹ 104.3 Cr. market value against a typical ₹ 435.9 Cr. (1st = largest).29th of 39
Latest announcements
Exchange filings and their impact on the company.
- Weak Q2 with 13% profit fall leaves H1 flat, signalling slight margin pressure ahead.
Indbank Merchant Banking reported Q2 FY27 total income of Rs 6.40 crore, up about 1.8% from last year, while net profit fell about 13% to Rs 1.61 crore as employee and other expenses rose. For the half year, revenue was Rs 13.31 crore and net profit was Rs 3.99 crore, essentially flat versus last year. The results show steady fee income but tighter margins, suggesting full-year earnings may be flat to slightly lower if cost pressure continues.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 9 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 8 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 20 Apr 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 14 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 13 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 18 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7 | 7 | 8 | 8 | 6 | 5 | 7 | 6 | 6 | 6 | 7 | 6 |
| Expenses | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Operating Profit | 3 | 3 | 4 | 5 | 2 | 2 | 3 | 3 | 3 | 2 | 3 | 2 |
| OPM % | 50.9% | 48.4% | 49.9% | 55.5% | 36.1% | 31.3% | 43.5% | 42.2% | 42.6% | 31.1% | 45.8% | 35.9% |
| Other Income | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 4 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 2 | 3 | 2 |
| Tax % | 21.7% | 40% | 23.2% | 24.7% | 38.1% | 25% | 23% | 26.3% | 26% | 35.6% | 23.1% | 27.5% |
| Net Profit | 3 | 3 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 1 | 2 | 2 |
| EPS in Rs | 0.58 | 0.56 | 0.64 | 0.74 | 0.26 | 0.26 | 0.48 | 0.42 | 0.43 | 0.27 | 0.54 | 0.36 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 11%
- 3 Years
- 11%
- TTM
- 6%
- 10 Years
- 10%
- 5 Years
- 12%
- 3 Years
- 32%
- TTM
- 11%
- 10 Years
- 7%
- 5 Years
- 0%
- 3 Years
- −9%
- TTM
- —
- 10 Years
- 7%
- 5 Years
- 8%
- 3 Years
- 9%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Indbank Merchant Banking Services | ₹ 23.52 | ₹ 104 Cr. | 15.2x | 1.1x | 7% | — |
| ICICI Prudential Asset Management Company Ltd | ₹ 2,655.00 | ₹ 1,30,928 Cr. | 47.7x | 37.7x | — | 56% |
| HDFC Asset Management Company | ₹ 2,250.00 | ₹ 96,542 Cr. | 39.9x | 12.3x | — | 69.3% |
| Nippon Life India Asset Management | ₹ 922.10 | ₹ 59,010 Cr. | 50.1x | 16.3x | 34.5% | 56.4% |
| Multi Commodity Exchange Of India | ₹ 3,017.00 | ₹ 76,931 Cr. | 52.6x | 16.6x | 37.9% | 57.8% |
| Motilal Oswal Financial Services | ₹ 925.00 | ₹ 55,715 Cr. | 30.8x | 4.5x | 15.6% | 21.2% |
Management
- V. Hari Babu
- President, Executive Director
- Balaji M. S.
- Chief Financial Officer
- S. Selvaraj
- Executive Vice President
- Chitra Mangalam Achuthanandaiyer
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.