Indbank Merchant Banking Services enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


107	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
0.7	1.4	1.1	0.6	10.1
0.0	0.0	0.0	0.0	2.8
107	—	—	—	—
−0.7	−1.4	−1.1	−0.6	−7.4
₹24.04	—	—	—	—

103	98.7	91.7	83.4	77.3
0.0%	0.0%	0.0%	0.0%	3.6%

4.20×	—	—	—	—
10.76×	—	—	—	—
11.05×	—	—	—	—
56.88×	—	—	—	—
25.4	25.1	26.8	24.9	18.3
9.9	10.0	12.0	12.1	3.3
9.7	9.8	11.6	11.7	2.9
—	2.0	0.1	−1.2	0.0
1.9	1.9	−0.2	−1.3	−0.1
—	1.8	−0.2	−1.3	−0.3
—	0.2	0.2	0.2	0.1

Open the chart

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

HighlightsEnterprise Value Multiples Per 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	—	—	—	—	107.4
- Cash, Equiv & ST Investments	10.1	0.6	1.1	1.4	0.7
+ Total Debt	2.8	0.0	0.0	0.0	0.0
Enterprise Value	—	—	—	—	106.7
Net Debt (memo)	-7.4	-0.6	-1.1	-1.4	-0.7
EV per Share	—	—	—	—	24.04

Total Capital	77.3	83.4	91.7	98.7	102.8
Total Debt/Total Capital	3.60	0.00	0.01	0.00	0.00

EV/Sales	—	—	—	—	4.20
EV/EBITDA	—	—	—	—	10.76
EV/EBIT	—	—	—	—	11.05
EV/Free Cash Flow	—	—	—	—	56.88
Reference Items — Trailing FY Values
Sales	18.3	24.9	26.8	25.1	25.4
EBITDA	3.3	12.1	12.0	10.0	9.9
EBIT	2.9	11.7	11.6	9.8	9.7
Operating Cash Flow	0.0	-1.2	0.1	2.0	—
Free Cash Flow	-0.1	-1.3	-0.2	1.9	1.9
FCFF (free cash flow to the firm)	-0.3	-1.3	-0.2	1.8	—
Capital Expenditure	0.1	0.2	0.2	0.2	—

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%.