Indbank Merchant Banking Services Limited
: INDBANK · Stockbroking & Allied
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Indbank Merchant Banking Services Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Indbank Merchant Banking Services Ltd. is a subsidiary of Indian Bank providing a range of financial services including merchant banking, stockbroking, and depository participant services. The company operates as a member of the NSE and BSE and is registered with NSDL and CDSL to serve both institutional and retail clients.
Business Model
The company generates revenue through brokerage commissions, depository service fees, and merchant banking advisory services. It also earns income by distributing mutual funds and other investment products to its client base.
- DP Accounts:91,360
- Broking Accounts:50,319
Growth Outlook
Growth is driven by the expansion of its depository and broking client base and the cross-selling of investment products. The company leverages its parentage with Indian Bank to enhance its market reach.
Key Risks
- Market Volatility. The company's brokerage and merchant banking revenues are highly sensitive to fluctuations in equity market volumes and investor sentiment.
- Regulatory Risk. Changes in SEBI regulations or compliance requirements for depository participants and merchant bankers could impact operational costs and service offerings.
- Competitive Pressure. The stockbroking sector faces intense competition from discount brokers and fintech platforms, which may exert downward pressure on commission margins.
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Key Metrics
REVENUE
₹25 Cr
TTM · standalone
NET PROFIT
₹7 Cr
TTM · standalone
EPS
₹1.60
TTM · standalone
RETURN ON EQUITY
7.6%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
8.4%
TTM · standalone
P/E
20.8x
Q4 FY26 · standalone
EBITDA MARGIN
40.2%
TTM · standalone
NET PROFIT MARGIN
20.5%
Q4 FY26 · standalone
DEBT TO EQUITY
0.1x
Q1 FY24 · standalone
Peers · Stockbroking & Allied
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Indbank Merchant Banking Services LimitedINDBANK | ₹140 Cr | 19.66 | — | -6.2% | 40.2% | 7.6% | 8.4% | -10.0% |
Adit.Birla MoneyBIRLAMONEY | ₹734 Cr | 13.54 | — | 9.6% | 49.0% | 20.2% | 52.7% | -27.8% |
Emkay Global Financial Services LimitedEMKAY | ₹683 Cr | 33.77 | — | 21.6% | 13.3% | 5.7% | -1.2% | +15.5% |
Indo Thai Securities LimitedINDOTHAI | ₹594 Cr | 8.44 | — | 217.6% | 83.5% | 29.6% | 1.1% | -70.6% |
Shardul Securities LimitedSHARDUL | ₹456 Cr | -9.28 | — | -26.0% | -104.0% | -7.1% | — | +4.3% |
Pune E - Stock Broking LimitedPESB | ₹394 Cr | — | — | — | 37.0% | — | — | +36.9% |
As of Q4 FY26
Financials
Indbank Merchant Banking Services Limited
: INDBANK · Stockbroking & Allied
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Indbank Merchant Banking Services Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Indbank Merchant Banking Services Ltd. is a subsidiary of Indian Bank providing a range of financial services including merchant banking, stockbroking, and depository participant services. The company operates as a member of the NSE and BSE and is registered with NSDL and CDSL to serve both institutional and retail clients.
Business Model
The company generates revenue through brokerage commissions, depository service fees, and merchant banking advisory services. It also earns income by distributing mutual funds and other investment products to its client base.
- DP Accounts:91,360
- Broking Accounts:50,319
Growth Outlook
Growth is driven by the expansion of its depository and broking client base and the cross-selling of investment products. The company leverages its parentage with Indian Bank to enhance its market reach.
Key Risks
- Market Volatility. The company's brokerage and merchant banking revenues are highly sensitive to fluctuations in equity market volumes and investor sentiment.
- Regulatory Risk. Changes in SEBI regulations or compliance requirements for depository participants and merchant bankers could impact operational costs and service offerings.
- Competitive Pressure. The stockbroking sector faces intense competition from discount brokers and fintech platforms, which may exert downward pressure on commission margins.
Start your research today
Unlock AI insights, financials, peers and live data on Indbank Merchant Banking Services Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹25 Cr
TTM · standalone
NET PROFIT
₹7 Cr
TTM · standalone
EPS
₹1.60
TTM · standalone
RETURN ON EQUITY
7.6%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
8.4%
TTM · standalone
P/E
20.8x
Q4 FY26 · standalone
EBITDA MARGIN
40.2%
TTM · standalone
NET PROFIT MARGIN
20.5%
Q4 FY26 · standalone
DEBT TO EQUITY
0.1x
Q1 FY24 · standalone
Peers · Stockbroking & Allied
As of Q4 FY26