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Indbank Merchant Banking Services INDBANK.NS · INR

Financials · NSE · 🇮🇳 India

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25.54

+1.19%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue, before interest expense

₹251.5m

FY2017FY2026

Net income

₹71.2m

FY2017FY2026

Total assets

₹1.23bn

FY2017FY2026

Shareholders' equity

₹987.4m

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue, before interest expense₹251.5m₹209.5m₹195.7m₹159.1m₹176.3m₹120.1m₹87.7m₹81.2m₹116.7m₹92.0m
Research and development——₹0₹0₹0₹0₹0₹226,052₹221,659₹170,619
Operating income₹97.1m₹61.9m₹65.5m₹59.7m₹100.8m₹76.0m₹66.1m₹24.6m₹28.5m₹46.2m
Net income₹71.2m₹84.6m₹90.0m₹35.0m₹69.6m₹40.6m₹20.9m₹17.7m₹22.2m₹53.4m
Diluted earnings per share1.611.911.990.791.570.910.470.390.511.20

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹1.23bn₹1.18bn₹1.06bn₹973.8m₹947.0m₹841.9m₹741.5m₹675.5m₹660.0m₹653.0m
Cash and short-term investments₹861.5m₹818.7m₹629.8m₹333.7m₹162.0m₹217.7m₹345.9m₹327.3m₹181.5m₹196.8m
Total liabilities₹244.0m₹264.4m₹229.7m₹228.8m₹205.1m₹199.1m₹139.4m₹93.2m₹94.9m₹109.5m
Debt—₹124,000₹132.7m₹27.9m₹133.0m₹189.0m₹27,282₹148.7m₹281,798₹15.8m
Shareholders' equity₹987.4m₹916.5m₹833.7m₹745.1m₹711.3m₹642.8m₹602.1m₹582.3m₹565.1m₹543.6m
Shares outstanding44m44m45m44m44m45m44m45m43m45m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue, before interest expense₹69.0m₹59.2m₹62.5m₹62.8m₹63.3m−₹621,000₹58.1m₹78.6m
Operating income₹31.5m₹16.7m₹26.9m₹28.1m₹26.0m−₹36.6m₹22.3m₹42.0m
Net income₹23.8m₹12.1m₹19.2m₹18.6m₹21.4m₹11.4m₹11.7m₹33.0m
Diluted earnings per share0.540.270.430.420.480.260.260.73
Total assets—₹1.23bn—₹1.17bn—₹1.18bn—₹1.31bn
Cash and short-term investments—₹867.2m—₹841.9m—₹818.7m—₹849.3m
Debt———₹30.6m—₹124,000——
Shareholders' equity₹987.4m₹987.4m₹955.6m₹955.6m₹916.5m₹916.5m₹894.5m₹894.5m

Financial ratios

Data as of 2 Nov 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating margin38.4%56.1%59.9%37.6%57.2%53.2%——
Net margin28.3%40.4%46.0%22.0%39.5%33.8%——
Return on equity7.2%9.2%10.8%4.7%9.8%6.3%——
Return on assets5.8%7.2%8.5%3.6%7.4%4.8%——
Revenue growth20.0%7.1%23.0%-9.8%46.8%36.9%——
Earnings growth-15.8%-5.9%156.9%-49.7%71.6%94.3%——
Current ratio182.90x4.08x3.74x2.27x1.67x2.27x——
Debt to equity0.00x0.00x0.00x0.04x0.04x0.00x——
Equity ratio80.2%77.6%78.4%76.5%75.1%76.4%——
Interest coverage51.54x46.63x163.97x6.72x6.58x4.26x——
R&D as a share of sales——0.0%0.0%0.0%0.0%0.0%0.3%
Buybacks as a share of market value0.0%1.7%-1.7%0.0%0.7%-0.5%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue16.5%15.9%13.3%
Operating income17.6%5.0%12.8%
Net income26.7%11.9%10.0%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin34.5%34.8%41.5%42.0%
Net margin33.8%34.4%35.2%34.1%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings15.818.323.348.120.624.123.718.317.918.9
Price to sales4.57.410.710.68.28.25.74.03.410.9

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 8 Jul 2021.

FY2022
Paid in the year2.00

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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