Indbank Merchant Banking Services share price
NSE: INDBANKBSE: 511473Capital MarketsSmall Cap
Indbank Merchant Banking Services Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jun 1994 on BSE, Oct 2008 on NSE
Last close ₹23.58down ₹0.55 (2.28%)BSE ₹24.00
Share price at the NSE close on 28 Oct 2026. Previous close ₹24.13.
28 Oct: open ₹24.50, high ₹24.99, low ₹23.12
52-week range of traded prices to 28 Oct 2026
₹22.65Low, 23 Oct 2026₹42.48High, 31 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹105 Cr2,606th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 14.70
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.02
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 7.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 9.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.02
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 27,22843.5% delivered
Results
Standalone; ₹ crore.Indbank Merchant Banking Services quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +6.3%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +12.9%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹6.36 Crdown 7.91%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1.61 Crdown 32.01%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 25.4%
Revenue by quarter
Peak revenue ₹6.90 Cr, quarter to Jun 2026; lowest ₹5.31 Cr, quarter to Mar 2025
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.63 | 5.31 | 6.69 | 6.28 | 6.25 | 5.89 | 6.90 | 6.36 |
| Net profit | 1.17 | 1.14 | 2.14 | 1.86 | 1.92 | 1.21 | 2.38 | 1.61 |
| Net margin | 20.8% | 21.4% | 32.0% | 29.6% | 30.7% | 20.6% | 34.4% | 25.4% |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹25 Crdown 6.21%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹7.12 Crdown 15.82%
- Net margin
- 28.4%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2023, the company's revenue for that year, ₹18 Cr, differs from its quarters added, ₹16 Cr. From the year to Mar 2024, the company reports a discontinued business.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.2 | 11.7 | 8.1 | 8.8 | 12.0 | 17.6 | 18.3 | 24.9 | 26.8 | 25.1 |
| Net profit | 5.3 | 2.2 | 1.8 | 2.1 | 4.1 | 7.0 | 3.5 | 9.0 | 8.5 | 7.1 |
| Net margin | 57.7% | 19.0% | 21.7% | 23.8% | 33.8% | 39.5% | 19.2% | – | 31.6% | 28.4% |
Standalone. Years to March. The latest is shaded. Net margin is left blank for Mar 2024: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.
Business segments
In the year to Mar 2026 the company reports one business segment, Stock Broking, which carries all its revenue.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record. Its history crosses a change of basis in the accounts in the years to Mar 2023 and Mar 2024: days before it are of the company before the change.Indbank Merchant Banking Services PE ratio and valuation
Price to earnings
At or below today's level on 15% of 2,228 trading days over the last 10 years.
LowestHighest
Its median19.22Industry median17.68
Price to book
At or below today's level on 31% of 1,984 trading days since Oct 2018.
LowestHighest
Its median1.51Industry median1.45
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +3.9% | −15.7% | +23.2% | 0.0% |
| 3 years | +11.5% | +26.8% | −12.1% | 0.0% |
| 5 years | +18.3% | +12.1% | +5.6% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Indbank Merchant Banking Services competitors and peers
Stockbroking & Allied, 44 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Indbank Merchant Banking Services in market cap. 1 company in the table last traded before then: its row is priced on its last trade.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Rikhav SecuritiesRIKHAV | 195 | 10.29 | 0.79 | +521.5% | −19.9% | 8.0% | – | 0.00% |
 Steel City SecuritiesSTEELCITY | 118 | 6.96 | 0.86 | +4.7% | +0.1% | 12.7% | 13.2% | 5.11% |
 Keynote Financial ServicesKEYFINSERV | 114 | 20.08 | 0.79 | −4.6% | −70.4% | 4.0% | 7.2% | 0.49% |
 LKP SecuritiesLKPSEC | 109 | 14.87 | 1.07 | −3.2% | −45.7% | 7.5% | 11.0% | 1.52% |
 DB (International) Stock BrokersDBSTOCKBRO | 102 | 41.73 | 1.32 | +2.4% | – | 3.2% | 5.9% | 0.00% |
 Munoth Capital MarketMUNCAPM | 95 | – | 16.73 | +97.5% | – | −1.7% | −5.1% | 0.00% |
 Asit C Mehta Financial ServicesASITCFIN | 91 | 17.54 | 3.95 | −13.7% | – | 21.3% | 3.2% | 0.00% |
 Inventure Growth & SecuritiesINVENTURE | 77 | 24.34 | 0.28 | −13.0% | – | 1.1% | 1.4% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Indbank Merchant Banking Services dividend history
| Ex-date | Type | Per share |
|---|---|---|
| 7 Aug 2009 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.75 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Indbank Merchant Banking Services announcements
Oct 2026
9 Oct · Results
Sep 2026
24 Sep · Meeting
Aug 2026
31 Aug · Corporate action
Indbank Merchant Banking Services annual report, year to Mar 2026
Indbank Merchant Banking Services share price by year
Each calendar year to 2025.Indbank Merchant Banking Services share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 34.81 | −24.8% | 46.82 | 28.05 |
| 2024 | 46.27 | +21.8% | 59.10 | 38.00 |
| 2023 | 38.00 | +17.8% | 43.30 | 20.85 |
| 2022 | 32.25 | +46.9% | 40.30 | 18.10 |
| 2021 | 21.95 | +98.6% | 36.25 | 10.40 |
| 2020 | 11.05 | +56.7% | 15.25 | 4.80 |
| 2019 | 7.05 | −23.4% | 10.70 | 6.55 |
| 2018 | 9.20 | −58.9% | 35.95 | 8.50 |
| 2017 | 22.40 | +77.1% | 25.55 | 12.35 |
| 2016 | 12.65 | +44.6% | 14.85 | 6.45 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 24.20 | 24.90 | 23.61 | 24.13 | 24.31 | 13,588 | 63.8% |
| 26 Oct 2026 | 23.12 | 24.99 | 23.00 | 24.18 | 24.09 | 24,236 | 69.1% |
| 23 Oct 2026 | 23.91 | 24.37 | 22.65 | 23.12 | 23.27 | 27,035 | 59.6% |
| 22 Oct 2026 | 23.63 | 24.50 | 23.63 | 23.91 | 23.98 | 17,993 | 64.3% |
| 21 Oct 2026 | 25.45 | 25.45 | 24.02 | 24.21 | 24.57 | 30,616 | 66.1% |
| 19 Oct 2026 | 25.16 | 25.90 | 24.96 | 25.23 | 25.31 | 19,774 | 58.5% |
| 16 Oct 2026 | 25.58 | 25.60 | 25.05 | 25.10 | 25.14 | 34,882 | 75.3% |
| 15 Oct 2026 | 25.60 | 25.60 | 25.15 | 25.38 | 25.34 | 13,966 | 79.9% |
| 14 Oct 2026 | 25.70 | 25.78 | 25.05 | 25.31 | 25.39 | 20,694 | 58.3% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- INDBANK
- BSE code
- 511473
- ISIN
- INE841B01017
- Industry
- Capital Markets
- Former symbols
- INDBANKMER
- Website
- www.indbankonline.com
- CIN
- L65191TN1989PLC017883
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1989
- Registered office
- 1 Floor, Khivraj Complex I, 480 Anna Salai, Nandanam, Chennai 600035, Tamil Nadu
- Share registrar
- Cameo Corporate Services Ltd
- Keeps the register of shareholders and handles transfers and dividend payments