Indbank Merchant Banking Services Limited

Indbank Merchant Banking Services Limited (INDBANK) is a micro-cap Financial Services company valued at ₹111 crore operating in Stockbroking & Allied on the NSE and BSE.

Recent price move

Indbank Merchant Banking Services Limited last traded at ₹25.15, modestly down 0.91% on the day.

Recent developments

On 2026-06-30, the company reported its latest quarter results, showing revenue of ₹7 crore and net profit of ₹2 crore, up 3.1% and 11.2% respectively from the same quarter a year earlier. The company has not paid any dividends despite reporting profits, which may indicate a focus on retaining earnings.

Financial performance

The company's business has seen revenue decline annually by 5.5% and net profit fall by 15.8% year-over-year, but the latest quarter showed revenue rising 3.1% and net profit up 11.2% compared to the same quarter a year earlier. Net profit margin narrowed by 3.5 percentage points to 28.4%, while return on equity remained at 7.2%.

Valuation multiples

The stock trades at 15.6 times earnings, a discount to the Financial Services median of 19.3, 1.24 times book value.

Things to watch

The company's net profit margin has declined by 3.5 percentage points to 28.4%, and its return on equity remains low at 7.2%. The stock is 46.6% below its 52-week high, and the company has not distributed any dividends to shareholders despite reporting profits.

Where it stands

Indbank Merch Bank ended the latest quarter with revenue of ₹7 crore and net profit of ₹2 crore, showing improvement compared to the same quarter a year earlier. The stock is 46.6% below its 52-week high, and the company has not paid dividends despite reporting profits, which highlights its focus on retaining earnings.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.