Indbank Merch Bank

NSE: INDBANK · Stockbroking & Allied · sector

₹24.18NSE close 2026-10-26

Key numbers

Market cap₹107 cr

Price₹24.18

52w high / low₹42 / ₹24

P/E15.1xSector median 19.5x

P/B1.0xSector median 1.7x

Book value₹23.2

Dividend yield–Sector median 0.77%

ROE7.2%Sector median 10.7%

ROA5.56%Sector median 3.53%

Gross NPA–

Net NPA–

CET1–

Sales growth 3y+11.2%Sector median +18.4%

Profit growth 3y+26.7%Sector median +8.3%

PEG0.57x

Last 12 months to Sep 2026, Standalone. "Sector median" = middle value of 39 companies in Stockbroking & Allied (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

No promoter shares are pledged.
Total income was higher than a year earlier in 4 of the last 4 quarters.
No dividend in the last 5 financial years.
Price ₹24.18 on 2026-10-26: -43.1% from the 52-week high, +2.3% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹48.97 · low ₹24.18

Quarterly results

₹ cr	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Total income	6	5	7	6	6	6	7	6
Net interest income	–	5	7	6	6	6	7	6
Other income	0	0	0	0	0	0	0	0
Net profit	1	1	2	2	2	1	2	2
EPS (₹)	0.26	0.26	0.48	0.42	0.43	0.27	0.54	0.36
Revenue YoY					+11.0%	+10.9%	+3.1%	+1.3%
Profit YoY					+64.1%	+6.1%	+11.2%	-13.4%

Standalone figures where filed. Latest quarter Sep 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	18	18	25	27	25	25
Net profit	7	4	9	8	7	7
EPS (₹)	1.57	0.79	2.03	1.91	1.61	1.60
Revenue growth		+3.6%	+36.5%	+7.5%	-6.2%	+6.3%
Profit growth		-49.7%	+157.1%	-6.0%	-15.8%	+12.9%
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+11.2%	+15.9%	+6.3%
Net profit	+26.7%	+11.9%	+12.9%
EPS	+26.8%	+12.1%	–
Share price	–	-25.1% (2y)	-41.7%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	75	83	92	99
Borrowings	–	3	0	0	0
Cash & equivalents	–	70	71	87	87
Total assets	–	97	106	118	123
Fixed assets	–	1	1	1	1
Capital work in progress	–	0	–	0	–
Inventory	–	0	0	0	0

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	13	0	-1	0	2
Cash from investing	-12	-1	-0	1	-1
Cash from financing	-2	-1	-0	-0	-0
Capex	1	0	0	0	0
Free cash flow	13	-0	-1	-0	2

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	4.7%	10.8%	9.2%	7.2%

Shareholding

Holder	% (2026-09-30)
Promoters	64.84%
DIIs	0.09%
of which Mutual funds	0.09%
Public (non-institutions)	35.07%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	64.84%	64.84%	64.84%	64.84%	64.84%	64.84%	64.84%	64.84%

Promoter group	%
Indian Bank	64.84%

Public holders above 1%	%
Investor Education and Protection Fund Authority Ministry of Corporate Affairs	2.39%
Singhal Securities Private Limited	1.01%

49,310 shareholders. Pledged: 0.00% of promoter shares.

Peers in Stockbroking & Allied

Company	Market cap	P/E	P/B	ROE	ROA	Gross NPA	Sales 3y	Div yield
GROWW	₹1,15,154 cr	42.3x	9.9x	28.5%	13.61%	–	–	–
MOTILALOFS	₹56,201 cr	53.1x	7.1x	14.0%	3.53%	–	+21.3%	0.64%
360ONE	₹39,770 cr	79.4x	5.2x	6.7%	5.37%	–	+22.9%	1.20%
NUVAMA	₹30,285 cr	50.1x	14.5x	29.9%	16.70%	–	–	1.66%
ANGELONE	₹25,846 cr	19.9x	3.8x	20.4%	5.67%	–	+19.2%	1.72%
IIFLCAPS	₹10,681 cr	18.8x	3.9x	22.6%	6.22%	–	+19.4%	0.87%
SHAREINDIA	₹3,873 cr	12.1x	1.7x	15.2%	7.93%	–	+14.4%	0.76%
ARSSBL	₹2,818 cr	17.4x	2.0x	10.7%	3.20%	–	–	–
MONARCH	₹2,572 cr	14.2x	2.6x	20.5%	11.52%	–	+33.6%	0.31%
INDBANK	₹107 cr	15.1x	1.0x	7.2%	5.56%	–	+11.2%	–

All 39 companies in Stockbroking & Allied →

Dividends & corporate actions

Ex-date	Action	Detail
2024-09-12	Other	Annual General Meeting
2023-09-07	Other	Annual General Meeting
2022-09-19	Other	Annual General Meeting
2021-09-17	Other	Annual General Meeting
2020-09-21	Other	Annual General Meeting
2019-09-12	Other	Annual General Meeting
2018-08-31	Other	Annual General Meeting
2017-09-07	Other	Annual General Meeting
2016-09-15	Other	Annual General Meeting
2015-09-16	Other	Annual General Meeting
2014-09-23	Other	Annual General Meeting
2013-09-17	Other	Annual General Meeting
2012-06-28	Other	Annual General Meeting
2011-07-18	Other	Annual General Meeting
2010-07-16	Other	Annual General Meeting
2009-08-07	Other	Agm/Div-Re.0.75 Per Share

Documents

Links go to the original files on the exchange website.

About the company


Sector	Financial Services
Industry	Stockbroking & Allied
Sub-industry	Stockbroking & Allied
Symbol	INDBANK
BSE code	511473
ISIN	INE841B01017
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.