What the business is, and whether it's a good one at a fair price.
A capital markets subsidiary of Indian Bank, classified as Stockbroking & Allied, earns revenue from fees and commissions on stockbroking and merchant banking services and is listed on BSE (scrip 511473) and NSE (scrip INDBANK). In Q1 FY27, fees and commission income were Rs 493.23 lakh, with revenue from operations of Rs 690.35 lakh as filed (a separately submitted 'revised' filing reports Rs 456.64 lakh) and total income of Rs 589.48 lakh. For FY26, revenue from operations was Rs 712.48 lakh, down from Rs 1,149.93 lakh in FY25, with profit after tax of Rs 701.73 lakh and operating cash flow of Rs 204.64 lakh. Employee costs are the largest expense at 37% of revenue, followed by other operating expenses at 17.6%, while materials are 0% of revenue. Total assets stood at Rs 123.1393 crore in FY26. Q1 FY27 results show a roughly 43% YoY drop in PBT to Rs 177.34 lakh in the revised filing.
Measured from the filed financials, judged against its Stockbroking & Allied peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from INDBANK MERCH BANK's filed financials and exchange disclosures
INDBANK MERCH BANK is a Capital Markets company listed on NSE and BSE, trading under the symbol INDBANK.
Yes. Over the trailing twelve months INDBANK MERCH BANK reported a net profit of ₹7 Cr on revenue of ₹25 Cr.
Not in the latest reported year — INDBANK MERCH BANK's dividend payout for FY26 was nil.
Effectively yes. It holds ₹1 Cr more cash than debt. Debt stands at 0.00× equity.
On trailing P/E, INDBANK MERCH BANK ranks 21 of 37 in Stockbroking & Allied — cheaper than 44% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.
On a typical session INDBANK MERCH BANK moves 1.17% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by INDBANK MERCH BANK appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
