Indbank Merchant Banking Services DuPont analysis

Profitability Growth Credit Liquidity Working capital Dividend yield DuPont CAGR

Per cent unless marked ×

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

5-step DuPont — ROE = tax burden × interest burden × EBIT margin × turnover × leverage						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	0.74×	0.74×	0.74×	0.77×	0.69×
	1.00×	0.98×	0.99×	1.00×	1.76×
	38.0%	39.0%	43.3%	46.9%	15.8%
	0.21×	0.21×	0.24×	0.24×	0.19×
	1.25×	1.25×	1.29×	1.28×	1.31×
	7.3%	7.4%	9.8%	11.1%	4.8%
	7.5%	7.5%	9.7%	11.4%	4.7%

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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

Profitability Growth Credit Liquidity Working Capital Yield Analysis DuPont

Ratios — % unless marked × 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
5-Step DuPont — ROE = Tax Burden × Interest Burden × EBIT Margin × Turnover × Leverage
Tax Burden (Net Income/Pretax) ×	0.69	0.77	0.74	0.74	0.74
Interest Burden (Pretax/EBIT) ×	1.76	1.00	0.99	0.98	1.00
EBIT Margin %	15.81	46.94	43.28	39.03	37.99
Asset Turnover ×	0.19	0.24	0.24	0.21	0.21
Financial Leverage (Assets/Equity) ×	1.31	1.28	1.29	1.25	1.25
ROE (5-step product, year-end total equity) %	4.76	11.05	9.77	7.43	7.33
ROE (owners' profit / average owners' equity) %	4.70	11.40	9.67	7.48	7.48

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%.