Indbank Merchant Banking Services Ltd.

NSE: INDBANK BSE: 511473 SECTOR: Finance - Stock Broking  7869   27   5

25.85
-0.70 (-2.64%)
NSE: Today, 03:57 PM

Price Summary

Today's High

₹ 27.1

Today's Low

₹ 25.7

52 Week High

₹ 31.5

52 Week Low

₹ 17.7

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and sound margins.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

114.72 Cr.

Advances

0 Cr.

No. of Shares

4.44 Cr.

P/E

21.31

P/B

1.59

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  16.29

Operating Revenue

17.63 Cr.

Net Profit

6.96 Cr.

Promoter Holding

64.84 %

EPS (TTM)

₹  1.21

Sales Growth

46.78

ROE

10.29 %

ROCE

14.9%

Profit Growth

71.56 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Income Growth

1 Year46.78%
3 Year29.5%
5 Year13.89%

Profit Growth

1 Year71.56%
3 Year58%
5 Year5.47%

ROE%

1 Year10.29%
3 Year6.78%
5 Year5.48%

ROCE %

1 Year14.9%
3 Year10.91%
5 Year9.68%

ROA%

8.05166843153676

PEG Ratio

0.3

PAT Margin (%)

39.4973263097924

EPS Growth(%)

71.5535148136001

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2022 64.84 0
Jun 2022 64.84 0
Mar 2022 64.84 0
Dec 2021 64.84 0
Sep 2021 64.84 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • PAT margin has surged by 5.7037303808659%.
  • Company has maintained a good ROA of 5.50345241021756% in last 3 years.
  • The company is trading at 1.35070368440693 times the book value
  • Operating Income has grown well for the company over past 3 years: 3 years CAGR 29.5017818304121%.
  • The company has delivered substantial profit growth of 0% over past 3 years.
  • Promoters shareholding is 64.84%.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Operating Revenue 4.01 5.46 4.24 3.51 4.2
Other Income 0.73 4.52 0.83 3.88 0.12
Interest Expended 0.38 0.38 0.38 0.41 0.4
Operating Expenses 2.45 6.37 2.87 6.78 2.16
Total Provisions 0 0 0 0 0
Depreciation 0.05 0.05 0.05 0.09 0.09
Profit Before Tax 1.86 3.18 1.77 0.12 1.67
Tax 0.43 0.19 0.59 0.8 -0.23
Net Profit 1.43 2.99 1.18 -0.69 1.9

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Operating Income 11.67 8.12 8.77 12.01 17.63
Other Income 2.97 4.33 8.47 7.46 6.9
Interest 1.58 1.53 1.52 1.53 1.53
Operating Expenses 7.18 6.9 7.43 8.42 10.29
Total Provisions 1.92 2.28 5.34 4.64 4.16
Exceptional Items 0 0.07 0 0 0
Profit Before Tax 3.97 1.81 2.94 4.88 8.55
Tax 1.74 0.05 0.85 0.83 1.59
Profit After Tax 2.22 1.77 2.09 4.06 6.96
Adjusted EPS (Rs.) 0.5 0.4 0.47 0.91 1.57

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 44.38 44.38 44.38 44.38 44.38
Total Reserves 12.13 13.86 15.83 19.9 26.75
Borrowings 0 0 0 0 0
Other N/C liabilities -4.17 -4.21 -3.87 -3.16 -3.04
Current liabilities 10.33 10.15 14.09 20.06 23.71
Total Liabilities 62.67 64.18 70.43 81.17 91.8
Assets
Loans 0 0 0 0 0
Net Block 0.69 0.62 0.45 0.56 0.98
Capital WIP 0 0 0 0 0.13
Intangible WIP 0 0 0 0 0
Investments 4.28 3.41 3.07 0.8 1.3
Other Loans 11.63 11.93 13.12 13.39 14.7
Other N/C Assets 14.94 4.54 14.08 21.02 35.21
Current Assets 31.13 43.67 39.72 45.4 39.49
Total Assets 62.67 64.18 70.43 81.17 91.8
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Promoters 64.84 64.84 64.84 64.84 64.84
indian bank 64.84 64.84 64.84 64.84 64.84
PARTICULARS Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Investors 35.16 35.16 35.16 35.16 35.16
iepf 2.40 - 2.40 - -
investor education... - - - - -
investor education... - 2.40 - - -
investor education... - - - 2.40 -
investor education... - - - - 2.40

Annual Reports

Ratings & Research Reports

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Company Presentations

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Company News

Indbank Merch. Bankg - Quaterly Results18 Oct 2022, 4:15PM Indbank Merch. Bankg - Quaterly Results18 Oct 2022, 4:15PM Indbank Merch. Bankg - Quaterly Results18 Oct 2022, 4:15PM Indbank Merch. Bankg - Quaterly Results22 Jul 2022, 4:21PM Indbank Merch. Bankg - Quaterly Results22 Jul 2022, 4:21PM Indbank Merch. Bankg - Quaterly Results22 Jul 2022, 4:21PM Indbank Merchant Banking Services informs about compliances-certificate8 Jul 2022, 2:29PM Indbank Merchant Banking Services informs about resignation of nominee director8 Jun 2022, 11:59AM Indbank Merch. Bankg - Quaterly Results20 Apr 2022, 4:13PM Indbank Merch. Bankg - Quaterly Results20 Apr 2022, 4:13PM Indbank Merch. Bankg - Quaterly Results20 Apr 2022, 4:13PM Indbank Merchant Banking Services informs about loss of share certificate10 Mar 2022, 4:59PM Indbank Merchant Banking Services informs about disclosure5 Mar 2022, 3:31PM Indbank Merchant Banking Services informs about outcome of board meeting12 Jan 2022, 5:08PM Indbank Merch. Bankg - Quaterly Results12 Jan 2022, 4:03PM Indbank Merch. Bankg - Quaterly Results12 Jan 2022, 4:03PM Indbank Merch. Bankg - Quaterly Results12 Jan 2022, 4:03PM Indbank Merchant Banking Services informs about board meeting6 Jan 2022, 2:46PM Indbank Merchant Banking Services informs about compliance certificate3 Dec 2021, 1:01PM Indbank Merch. Bankg - Quaterly Results12 Oct 2021, 3:57PM Indbank Merch. Bankg - Quaterly Results12 Oct 2021, 3:57PM Indbank Merch. Bankg - Quaterly Results12 Oct 2021, 3:57PM Indbank Merchant Banking Services informs about compliance certificate5 Jul 2021, 5:27PM Indbank Merchant Banking Services informs about resignation of non-executive nominee director30 Jun 2021, 4:14PM Indbank Merchant Banking Services informs about dematerialization4 Jun 2021, 9:53AM Indbank Merchant Banking Services informs about outcome of board meeting12 Jan 2021, 4:36PM Indbank Merchant Banking Services informs about certificate5 Jan 2021, 4:35PM Indbank Merchant Banking Services informs about compliance certificate1 Dec 2020, 5:21PM Indbank Merchant Banking Services informs about certificate3 Nov 2020, 11:05AM Indbank Merchant Banking Services to hold board meeting27 Aug 2020, 1:16PM

Indbank Merch. Bankg Stock Price Analysis and Quick Research Report. Is Indbank Merch. Bankg an attractive stock to invest in?

The financial services company caters to the financial and investing needs of their client. The broking industry in India comes under this sector and is a highly regulated industry in India. There are various regulations related to licensing, clearing and settlement, all of which affect the working of the company. These companies provide an online and offline services platform related to investing into the stock market, mutual funds, bonds, debentures & other financial instruments in order to achieve the financial goals of the clients.

These companies have to be a depository participant of either CDSL or NSDL. The broking industry also registers itself as a clearing member of NSE and BSE.

Around 2% of India's total population invests in financial assets. The penetration of the mutual fund industry in India is close to 7% (Based on the number of PAN cardholders). This under penetration of the mutual fund industry offers a huge opportunity for the industry to grow. Migration to financial savings, wider distribution and sustainable performance are expected to enable growth in the industry.

Also, increasing financial literacy among investors, digitization and the number of mediums available tend to attract more investors to invest in the financial markets.

To understand the functions of the Indbank Merch. Bankg better, you must go through the following points:

Key Financials –

  • Profitability: Profit margin (PAT margin) of the company shows how well a company controls its cost. It is one of the important indicators to show the financial health of the company. Net profit of the company is Rs 6.9636433 Cr and the compounded growth of profit in the past 3 years is 58.0041452471276 %. The PAT margin of Indbank Merch. Bankg is 39.4973263097924 %.
     
  • EPS growth: Investors should ensure the EPS figure is growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. In Indbank Merch. Bankg , the EPS grew by 71.5535148136001 % YOY. 

 Financial Ratios –

  • Return on Equity (ROE): The Company has a average ROE track record. The ROE of Indbank Merch. Bankg is at 10.2850127447347 % for the latest year.
     
  • P/E Ratio: Relative valuation metrics like the P/E ratio can be used to see if the stock of Indbank Merch. Bankg is worth at the current levels at Rs 25.8. The stock is trading at a current P/E ratio of 13.7968391537089 and the average historical P/E for the last 5 years was 19.9617170053879.
     
  • P/B ratio can be one of the best metrics to value such companies. Currently, Indbank Merch. Bankg is trading at a P/B of 1.6053 . The average historical P/B for the last 5 years was 0.961493403806666. This can be compared with the Market price per share in order to know if the stock is undervalued or overvalued.
Brief about Indbank Merch. Bankg

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