Indbank Merchant Banking Services Limited (INDBANK) - Net Assets
Based on the latest financial reports, Indbank Merchant Banking Services Limited (INDBANK) has net assets worth Rs955.56 Million INR (≈ $10.33 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.17 Billion ≈ $12.63 Million USD) and total liabilities (Rs212.35 Million ≈ $2.30 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check INDBANK financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs955.56 Million |
| % of Total Assets | 81.82% |
| Annual Growth Rate | 9.87% |
| 5-Year Change | 42.58% |
| 10-Year Change | 86.87% |
| Growth Volatility | 34.39 |
Indbank Merchant Banking Services Limited - Net Assets Trend (2006–2025)
This chart illustrates how Indbank Merchant Banking Services Limited's net assets have evolved over time, based on quarterly financial data. Also explore Indbank Merchant Banking Services Limite balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Indbank Merchant Banking Services Limited (2006–2025)
The table below shows the annual net assets of Indbank Merchant Banking Services Limited from 2006 to 2025. For live valuation and market cap data, see market value of Indbank Merchant Banking Services Limite.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs916.52 Million ≈ $9.91 Million |
+9.93% |
| 2024-03-31 | Rs833.69 Million ≈ $9.02 Million |
+11.90% |
| 2023-03-31 | Rs745.05 Million ≈ $8.06 Million |
+4.74% |
| 2022-03-31 | Rs711.32 Million ≈ $7.69 Million |
+10.66% |
| 2021-03-31 | Rs642.81 Million ≈ $6.95 Million |
+6.77% |
| 2020-03-31 | Rs602.07 Million ≈ $6.51 Million |
+3.39% |
| 2019-03-31 | Rs582.34 Million ≈ $6.30 Million |
+3.06% |
| 2018-03-31 | Rs565.06 Million ≈ $6.11 Million |
+3.96% |
| 2017-03-31 | Rs543.56 Million ≈ $5.88 Million |
+10.83% |
| 2016-03-31 | Rs490.46 Million ≈ $5.30 Million |
+5.95% |
| 2015-03-31 | Rs462.91 Million ≈ $5.01 Million |
+11.03% |
| 2014-03-31 | Rs416.93 Million ≈ $4.51 Million |
+0.73% |
| 2013-03-31 | Rs413.93 Million ≈ $4.48 Million |
+1.79% |
| 2012-03-31 | Rs406.64 Million ≈ $4.40 Million |
+0.28% |
| 2011-03-31 | Rs405.52 Million ≈ $4.39 Million |
-19.66% |
| 2010-03-31 | Rs504.79 Million ≈ $5.46 Million |
-3.17% |
| 2009-03-31 | Rs521.31 Million ≈ $5.64 Million |
-17.58% |
| 2008-03-31 | Rs632.51 Million ≈ $6.84 Million |
+73.34% |
| 2007-03-31 | Rs364.90 Million ≈ $3.95 Million |
+138.21% |
| 2006-03-31 | Rs153.18 Million ≈ $1.66 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Indbank Merchant Banking Services Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 47273500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs472.74 Million | 51.58% |
| Common Stock | Rs443.78 Million | 48.42% |
| Total Equity | Rs916.52 Million | 100.00% |
Indbank Merchant Banking Services Limited Competitors by Market Cap
The table below lists competitors of Indbank Merchant Banking Services Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tasman Resources Ltd
AU:TAS
|
$16.42 Million |
|
Royal Prima PT
JK:PRIM
|
$16.43 Million |
|
Pineapple Financial Inc.
NYSE MKT:PAPL
|
$16.44 Million |
|
BR.SCH.ED.HLD.SP.ADR CL.A
F:BSK0
|
$16.44 Million |
|
ViroGates A/S
CO:VIRO
|
$16.41 Million |
|
Maheshwari Logistics Limited
NSE:MAHESHWARI
|
$16.41 Million |
|
GMV Minerals Inc
V:GMV
|
$16.39 Million |
|
Metalliance SA
PA:MLETA
|
$16.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Indbank Merchant Banking Services Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 833,691,000 to 916,517,000, a change of 82,826,000 (9.9%).
- Net income of 84,633,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs84.63 Million | +9.23% |
| Other Changes | Rs-1.81 Million | -0.2% |
| Total Change | Rs- | 9.93% |
Book Value vs Market Value Analysis
This analysis compares Indbank Merchant Banking Services Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.65x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.91x to 1.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs3.45 | Rs34.21 | x |
| 2007-03-31 | Rs8.22 | Rs34.21 | x |
| 2008-03-31 | Rs14.25 | Rs34.21 | x |
| 2009-03-31 | Rs11.75 | Rs34.21 | x |
| 2010-03-31 | Rs11.37 | Rs34.21 | x |
| 2011-03-31 | Rs9.14 | Rs34.21 | x |
| 2012-03-31 | Rs9.16 | Rs34.21 | x |
| 2013-03-31 | Rs9.33 | Rs34.21 | x |
| 2014-03-31 | Rs9.39 | Rs34.21 | x |
| 2015-03-31 | Rs10.43 | Rs34.21 | x |
| 2016-03-31 | Rs11.04 | Rs34.21 | x |
| 2017-03-31 | Rs12.25 | Rs34.21 | x |
| 2018-03-31 | Rs12.73 | Rs34.21 | x |
| 2019-03-31 | Rs13.12 | Rs34.21 | x |
| 2020-03-31 | Rs13.57 | Rs34.21 | x |
| 2021-03-31 | Rs14.48 | Rs34.21 | x |
| 2022-03-31 | Rs16.03 | Rs34.21 | x |
| 2023-03-31 | Rs16.79 | Rs34.21 | x |
| 2024-03-31 | Rs18.79 | Rs34.21 | x |
| 2025-03-31 | Rs20.68 | Rs34.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Indbank Merchant Banking Services Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.39%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.29x
- Recent ROE (9.23%) is above the historical average (8.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 13.33% | 29.02% | 0.10x | 4.59x | Rs5.11 Million |
| 2007 | 58.02% | 81.84% | 0.37x | 1.90x | Rs175.23 Million |
| 2008 | 54.62% | 71.68% | 0.61x | 1.26x | Rs282.24 Million |
| 2009 | -13.86% | -73.67% | 0.16x | 1.21x | Rs-124.39 Million |
| 2010 | -3.27% | -8.63% | 0.30x | 1.26x | Rs-67.01 Million |
| 2011 | -24.48% | -154.45% | 0.13x | 1.18x | Rs-139.82 Million |
| 2012 | 0.27% | 1.59% | 0.14x | 1.23x | Rs-39.55 Million |
| 2013 | 1.76% | 13.91% | 0.11x | 1.14x | Rs-34.10 Million |
| 2014 | 0.72% | 4.93% | 0.12x | 1.23x | Rs-38.69 Million |
| 2015 | 10.78% | 58.01% | 0.16x | 1.13x | Rs3.59 Million |
| 2016 | 5.62% | 38.32% | 0.12x | 1.17x | Rs-21.49 Million |
| 2017 | 9.82% | 57.99% | 0.14x | 1.20x | Rs-988.72K |
| 2018 | 3.93% | 19.03% | 0.18x | 1.17x | Rs-34.30 Million |
| 2019 | 3.03% | 21.75% | 0.12x | 1.16x | Rs-40.58 Million |
| 2020 | 3.47% | 23.82% | 0.12x | 1.23x | Rs-39.32 Million |
| 2021 | 6.31% | 33.79% | 0.14x | 1.31x | Rs-23.69 Million |
| 2022 | 9.79% | 39.50% | 0.19x | 1.33x | Rs-1.50 Million |
| 2023 | 4.70% | 22.02% | 0.16x | 1.31x | Rs-39.48 Million |
| 2024 | 10.79% | 45.99% | 0.18x | 1.28x | Rs6.62 Million |
| 2025 | 9.23% | 40.39% | 0.18x | 1.29x | Rs-7.02 Million |
Industry Comparison
This section compares Indbank Merchant Banking Services Limited's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $1,760,362,035
- Average return on equity (ROE) among peers: 9.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indbank Merchant Banking Services Limited (INDBANK) | Rs955.56 Million | 13.33% | 0.22x | $16.42 Million |
| 21st Century Management Services Limited (21STCENMGM) | $456.10 Million | 12.69% | 0.44x | $4.15 Million |
| 5paisa Capital Ltd (5PAISA) | $121.33 Million | -45.32% | 2.67x | $113.39 Million |
| Abans Holdings Limited (AHL) | $7.36 Billion | 8.41% | 0.59x | $117.39 Million |
| AUTHUM INVESTMENT & INFRASTRUCTU ORD (BSE) (AIIL) | $552.74 Million | 2.13% | 0.52x | $4.33 Billion |
| Almondz Global Securities Limited (ALMONDZ) | $1.10 Billion | 10.23% | 0.67x | $30.95 Million |
| Angel One Limited (ANGELONE) | $3.47 Billion | 12.65% | 1.81x | $3.03 Billion |
| Arihant Capital Markets Limited (ARIHANTCAP) | $1.19 Billion | 17.41% | 1.60x | $83.11 Million |
| Ausom Enterprise Limited (AUSOMENT) | $605.47 Million | 34.34% | 0.54x | $21.77 Million |
| Avonmore Capital & Management Services Limited (AVONMORE) | $1.13 Billion | 5.92% | 0.68x | $37.72 Million |
| Aditya Birla Money Limited (BIRLAMONEY) | $1.63 Billion | 32.55% | 12.01x | $89.41 Million |
About Indbank Merchant Banking Services Limited
Indbank Merchant Banking Services Limited engages in the provision of merchant banking, stock broking, depository participant, and allied services in India. The company offers merchant banking services for public issues, rights issues, private placement, acquisition of shares and takeovers, and employee stock option schemes/stock purchase scheme by corporates. It also provides advisory services f… Read more