Indbank Merchant Banking Services balance sheet

As of Sep 2026

Total assets: ₹128cr+9.6% on Sep 2025
Shareholders' equity: ₹103cr+7.6% on Sep 2025
Total debt: ₹1.6cr−47.6% on Sep 2025
Cash and investments: ₹0.7cr−3.1% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	0.6	0.5	0.5	0.7	0.8
	2.4	2.4	2.5	2.6	2.7
	0.1	0.1	0.1	0.0	0.1
	1.7	1.6	1.6	1.5	2.4
	7.6	6.4	6.0	4.6	4.1
	0.7	1.4	1.1	0.6	10.1
	91.7	85.3	85.7	70.3	59.7
	128	123	118	106	97.4
Equity
	44.4	44.4	44.4	44.4	44.4
	58.4	54.4	47.3	39.0	30.1
	103	98.7	91.7	—	—
	103	98.7	91.7	83.4	74.5
Liabilities
	25.2	24.4	26.4	—	—
	128	123	118	106	97.4
Assets — additional as-filed lines
	11.1	11.1	11.2	10.8	10.2
	109	105	99.3	88.2	78.9
	5.9	8.7	4.3	10.0	3.4
	18.7	17.9	18.8	18.1	18.5
	2.8	2.2	2.8	2.5	2.4
	0.3	0.4	0.4	0.3	0.0
Liabilities — additional as-filed lines
	22.6	22.2	24.1	20.7	20.8
	20.7	21.7	23.2	20.3	17.1
	2.6	2.2	2.3	2.2	2.0
	0.5	0.5	0.6	0.6	0.5
	2.1	1.7	1.7	1.6	1.5
Trade payables — MSME split
	0.0	—	0.0	—	1.0
	0.4	0.5	0.9	0.4	0.0

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

alphave

INDBANK₹24.20

Indbank Merchant Banking Services Limited

· Banking & Finance

₹ CrorePeersKEYFINSERV INVENTURE IVC ALMONDZ KHANDSE INDOTHAI EMKAY BIRLAMONEYMcap ₹107 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Non-current Assets
+ Property, Plant & Equipment	0.8	0.7	0.5	0.5	0.6
+ Investment Property	2.7	2.6	2.5	2.4	2.4
+ Other Intangibles	0.1	0.0	0.1	0.1	0.1
+ Deferred Tax Assets	2.4	1.5	1.6	1.6	1.7
Current Assets
+ Trade Receivables	4.1	4.6	6.0	6.4	7.6
+ Cash & Cash Equivalents	10.1	0.6	1.1	1.4	0.7
+ Other Bank Balances	59.7	70.3	85.7	85.3	91.7
Total Assets	97.4	106.3	118.1	123.1	128.0
Equity
+ Equity Share Capital	44.4	44.4	44.4	44.4	44.4
+ Other Equity / Reserves	30.1	39.0	47.3	54.4	58.4
Equity — Owners of Parent	—	—	91.7	98.7	102.8
Total Equity	74.5	83.4	91.7	98.7	102.8
Liabilities
Total Liabilities	—	—	26.4	24.4	25.2
Total Equity & Liabilities	97.4	106.3	118.1	123.1	128.0
Assets — additional as-filed lines
+ Current Tax Assets (net)	10.2	10.8	11.2	11.1	11.1
+ Financial Assets	78.9	88.2	99.3	105.2	109.4
+ Other Financial Assets	3.4	10.0	4.3	8.7	5.9
+ Non-financial Assets	18.5	18.1	18.8	17.9	18.7
+ Other Non-financial Assets	2.4	2.5	2.8	2.2	2.8
+ Loans	0.0	0.3	0.4	0.4	0.3
Liabilities — additional as-filed lines
+ Financial Liabilities	20.8	20.7	24.1	22.2	22.6
+ Other Financial Liabilities	17.1	20.3	23.2	21.7	20.7
+ Non-financial Liabilities	2.0	2.2	2.3	2.2	2.6
+ Other Non-financial Liabilities	0.5	0.6	0.6	0.5	0.5
+ Provisions	1.5	1.6	1.7	1.7	2.1
Trade Payables — MSME split
+ Dues to Micro & Small — Other Payables	1.0	—	0.0	—	0.0
+ Dues to Other Creditors — Other Payables	0.0	0.4	0.9	0.5	0.4
Other Filed Concepts — mapped but not yet placed in the schedule
Borrowings	2.8	0.0	0.0	0.0	1.6
Investments	1.4	2.4	1.8	3.0	3.2

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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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%.