Indbank Merchant Banking Services financials

·Banking & FinanceChart ›
Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹6.4cr+1.3% on Q2 FY26
Net profit
₹1.6cr−13.0% on Q2 FY26
EBITDA margin
35.8%−6.4 pts on Q2 FY26
EPS
₹0.36−14.3% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue6.46.3+1.3%
EBITDA2.32.6−14.1%
EBITDA margin35.8%42.2%−6.4 pts
Profit before tax2.22.5−11.6%
Net profit1.61.9−13.0%
EPS₹0.36₹0.42−14.3%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹6.4 crNet profit₹1.6 crNet margin25.4%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
105————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
0.71.41.10.610.1
0.00.00.00.02.8
104————
25.425.126.824.918.3
—−6.2%+7.4%+36.5%—
9.910.012.012.13.3
39.0%40.0%44.9%48.5%17.8%
9.79.811.611.72.9
7.17.18.59.03.5
28.0%28.4%31.6%36.1%19.2%
₹1.60₹1.61₹1.91₹2.03₹0.79
—−15.8%−5.9%+156.9%—
—2.00.1−1.20.0
—−0.2−0.2−0.2−0.1
1.91.9−0.2−1.3−0.1
Open the chart

From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

INDBANK₹23.58

Indbank Merchant Banking Services Limited

· Banking & Finance
₹ CrorePeersKEYFINSERVINVENTUREIVCALMONDZKHANDSEINDOTHAIEMKAYBIRLAMONEYMcap ₹105 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————104.6
- Cash, Equiv & ST Investments10.10.61.11.40.7
+ Total Debt2.80.00.00.00.0
Enterprise Value————103.9
Revenue18.324.926.825.125.4
Growth %, YoY—+36.5+7.4-6.2—
EBITDA3.312.112.010.09.9
Margin %17.8448.4644.9139.9839.02
EBIT2.911.711.69.89.7
Net Income3.59.08.57.17.1
Margin %19.1836.1031.6128.3728.02
EPS, Adj (current shares)0.792.031.911.611.60
Growth %, YoY—+156.9-5.9-15.8—
Cash from Operations0.0-1.20.12.0—
Capital Expenditures-0.1-0.2-0.2-0.2—
Free Cash Flow-0.1-1.3-0.21.91.9
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · StandaloneFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Indbank Merchant Banking Services financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Indbank Merchant Banking Services (NSE: INDBANK) had a market capitalisation of ₹107 crore at the 29 October 2026 close (₹24.20 a share), a PE ratio of 15.1 on the last four quarters' profit and a price-to-book ratio of 1.04. In FY26 its consolidated net profit was ₹7.1 crore on revenue of ₹25.1 crore; in Q2 FY27 (July–September 2026) it was ₹1.6 crore, down 13.0% year on year. Its debt-to-equity ratio was 0.02 on 30 September 2026. Promoters held 64.84% of the shares on 30 September 2026.

Share price used
₹24.20 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Indbank Merchant Banking Services at a glance · consolidated

Market cap
₹107 Crat ₹24.20 · 29 Oct close
PE ratio (last 4 quarters)
15.115.1 on FY26 profit
Price to book (PB)
1.04book value ₹23.17 a share
ROE (FY26)
7.5%
Debt to equity
0.02net cash ₹90.8 Cr
Promoter holding
64.84%unchanged vs 30 Jun 202630 September 2026
Net worth
₹103 Cr+7.6% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹1.9 Cr
EPS (FY26)
₹1.61

Questions

What is the Indbank Merchant Banking Services PE ratio today?

Indbank Merchant Banking Services' PE ratio is 15.1 at the 29 October 2026 close (₹24.20 a share): a market capitalisation of ₹107 crore divided by consolidated net profit of ₹7.1 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹7.1 crore) it is 15.1.

What is the Indbank Merchant Banking Services PB ratio (price to book value)?

Indbank Merchant Banking Services' price-to-book (PB) ratio is 1.04 at the 29 October 2026 close: a market capitalisation of ₹107 crore divided by shareholders' equity (book value) of ₹103 crore on 30 September 2026. That is a book value of ₹23.17 per share against a share price of ₹24.20.

What is the Indbank Merchant Banking Services net worth?

Indbank Merchant Banking Services' net worth — shareholders' equity in its consolidated balance sheet — was ₹103 crore on 30 September 2026, up 7.6% from ₹95.6 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹107 crore at the 29 October 2026 close.

What is the Indbank Merchant Banking Services market cap?

Indbank Merchant Banking Services' market capitalisation was ₹107 crore at the 29 October 2026 close: 4.44 crore shares at ₹24.20 each.

What is the Indbank Merchant Banking Services ROE and ROCE?

In FY26, Indbank Merchant Banking Services' return on equity (ROE) was 7.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year).

What is the Indbank Merchant Banking Services EPS?

Indbank Merchant Banking Services' basic earnings per share (EPS) were ₹1.61 in FY26, against ₹1.91 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹1.60.

Is Indbank Merchant Banking Services debt free?

No. Indbank Merchant Banking Services had borrowings of ₹1.6 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.02. Its cash and current investments were ₹92.4 crore, so it held net cash of ₹90.8 crore.

What is the Indbank Merchant Banking Services debt to equity ratio?

Indbank Merchant Banking Services' debt-to-equity ratio was 0.02 on 30 September 2026: borrowings, debt securities, deposits and subordinated debt of ₹1.6 crore against total equity of ₹103 crore. A year earlier, on 30 September 2025, it was 0.03.

What is the Indbank Merchant Banking Services book value per share?

Indbank Merchant Banking Services' book value per share was ₹23.17 on 30 September 2026: shareholders' equity of ₹103 crore divided by the 4.44 crore shares in issue, up 7.6% from ₹21.53 a year earlier. The share price at the 29 October 2026 close was ₹24.20.

What is the Indbank Merchant Banking Services promoter holding?

Promoters held 64.84% of Indbank Merchant Banking Services on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the Indbank Merchant Banking Services shareholding pattern?

On 30 September 2026, Indbank Merchant Banking Services' shares were held by promoters 64.84%, domestic institutions (DII) 0.09% (including mutual funds at 0.09%) and retail and other non-institutional investors 35.07%. Over the year, DII holding was unchanged.

What is the Indbank Merchant Banking Services free cash flow?

In FY26, Indbank Merchant Banking Services generated ₹2 crore of cash from operations and spent ₹17 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹1.9 crore. In FY25 it was −₹17 lakh.

What are the Indbank Merchant Banking Services latest quarterly results?

Indbank Merchant Banking Services' latest results are for Q2 FY27 (July–September 2026), filed on 9 October 2026: consolidated net profit ₹1.6 crore, down 13.0% from ₹1.9 crore in Q2 FY26; revenue from operations ₹6.4 crore, up 1.3% year on year.

What is the Indbank Merchant Banking Services revenue and profit in FY26?

In FY26 (April 2025–March 2026), Indbank Merchant Banking Services' consolidated net profit was ₹7.1 crore, down 15.8% from ₹8.5 crore in FY25, on revenue from operations of ₹25.1 crore (down 6.2%). Over three years, from FY23, net profit was up 103.4%.

When are the Indbank Merchant Banking Services next results?

Indbank Merchant Banking Services has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

How does Indbank Merchant Banking Services compare with its peers?

On FY26 consolidated figures, against Keynote Financial Services, Inventure Growth & Securities and IL&FS Investment Managers: Indbank Merchant Banking Services' operating margin of 39.0% is the highest of the four (Keynote Financial Services 26.7%, Inventure Growth & Securities 6.6%, IL&FS Investment Managers −3.1%; peer average 10.1%); its return on equity of 7.5% is the highest of the four (Keynote Financial Services 4.7%, Inventure Growth & Securities 0.0%, IL&FS Investment Managers 2.0%; peer average 2.2%); its revenue growth over three years of 11.2% a year is the second highest of the four (Keynote Financial Services 23.6% a year, Inventure Growth & Securities −1.1% a year, IL&FS Investment Managers −5.2% a year; peer average 5.8% a year).

How does the Indbank Merchant Banking Services PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, Indbank Merchant Banking Services' PE ratio is 15.1, the lowest of the four: Keynote Financial Services 17.8, Inventure Growth & Securities 21.8 and IL&FS Investment Managers 61.1, a peer average of 33.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.

Indbank Merchant Banking Services vs Keynote Financial Services: how do they compare?

In FY26, Indbank Merchant Banking Services earned net profit of ₹7.1 crore on revenue of ₹25.1 crore, against ₹6.7 crore on ₹26.6 crore for Keynote Financial Services. Indbank Merchant Banking Services' operating margin was 39.0% (Keynote Financial Services 26.7%) and its return on equity 7.5% (Keynote Financial Services 4.7%). At the 29 October 2026 close, Indbank Merchant Banking Services' market capitalisation was ₹107 crore against ₹118 crore for Keynote Financial Services, and its PE ratio on FY26 profit 15.1 against 17.8.

Where do these Indbank Merchant Banking Services figures come from?

From Indbank Merchant Banking Services' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.