Indbank Merchant Banking Services Limited (INDBANK) - Net Assets
Based on the latest financial reports, Indbank Merchant Banking Services Limited (INDBANK) has net assets worth Rs987.41 Million INR (≈ $10.68 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.23 Billion ≈ $13.32 Million USD) and total liabilities (Rs243.98 Million ≈ $2.64 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 tangible net worth ratio of Indbank Merchant Banking Services Limite to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs987.41 Million |
| % of Total Assets | 80.19% |
| Annual Growth Rate | 9.77% |
| 5-Year Change | 38.81% |
| 10-Year Change | 81.66% |
| Growth Volatility | 33.54 |
Indbank Merchant Banking Services Limited - Net Assets Trend (2006–2026)
This chart illustrates how Indbank Merchant Banking Services Limited's net assets have evolved over time, based on quarterly financial data. See Indbank Merchant Banking Services Limite (INDBANK) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Indbank Merchant Banking Services Limited (2006–2026)
The table below shows the annual net assets of Indbank Merchant Banking Services Limited from 2006 to 2026. For live valuation and market cap data, see market value of Indbank Merchant Banking Services Limite.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs987.41 Million ≈ $10.68 Million |
+7.73% |
| 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 |
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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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs443.78 Million | 44.94% |
| Other Components | Rs543.63 Million | 55.06% |
| Total Equity | Rs987.41 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 |
|---|---|
|
Enzo Biochem Inc
NYSE:ENZ
|
$16.44 Million |
|
Genenta Science SpA ADR
NASDAQ:GNTA
|
$16.45 Million |
|
ADX Energy Ltd
AU:ADX
|
$16.45 Million |
|
3R Games SA
WAR:3RG
|
$16.46 Million |
|
BR.SCH.ED.HLD.SP.ADR CL.A
F:BSK0
|
$16.44 Million |
|
Bioleaders Corporation
KQ:142760
|
$16.44 Million |
|
Royal Prima PT
JK:PRIM
|
$16.43 Million |
|
Carboclor
BA:CARC
|
$16.43 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 2025 to 2026, total equity changed from 916,517,000 to 987,409,000, a change of 70,892,000 (7.7%).
- Net income of 71,248,000 contributed positively to equity growth.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs71.25 Million | +7.22% |
| Other Changes | Rs-356.00K | -0.04% |
| Total Change | Rs- | 7.73% |
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: 1.54x
- 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 9.93x to 1.54x 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 | Rs34.26 | x |
| 2007-03-31 | Rs8.22 | Rs34.26 | x |
| 2008-03-31 | Rs14.25 | Rs34.26 | x |
| 2009-03-31 | Rs11.75 | Rs34.26 | x |
| 2010-03-31 | Rs11.37 | Rs34.26 | x |
| 2011-03-31 | Rs9.14 | Rs34.26 | x |
| 2012-03-31 | Rs9.16 | Rs34.26 | x |
| 2013-03-31 | Rs9.33 | Rs34.26 | x |
| 2014-03-31 | Rs9.39 | Rs34.26 | x |
| 2015-03-31 | Rs10.43 | Rs34.26 | x |
| 2016-03-31 | Rs11.04 | Rs34.26 | x |
| 2017-03-31 | Rs12.25 | Rs34.26 | x |
| 2018-03-31 | Rs12.73 | Rs34.26 | x |
| 2019-03-31 | Rs13.12 | Rs34.26 | x |
| 2020-03-31 | Rs13.57 | Rs34.26 | x |
| 2021-03-31 | Rs14.48 | Rs34.26 | x |
| 2022-03-31 | Rs16.03 | Rs34.26 | x |
| 2023-03-31 | Rs16.79 | Rs34.26 | x |
| 2024-03-31 | Rs18.79 | Rs34.26 | x |
| 2025-03-31 | Rs20.68 | Rs34.26 | x |
| 2026-03-31 | Rs22.31 | Rs34.26 | 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): 7.22%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.33%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.25x
- Recent ROE (7.22%) is below the historical average (8.18%), suggesting potential challenges in 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 |
| 2026 | 7.22% | 28.33% | 0.20x | 1.25x | Rs-27.49 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: $5,506,022,628
- Average return on equity (ROE) among peers: 25.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indbank Merchant Banking Services Limited (INDBANK) | Rs987.41 Million | 13.33% | 0.25x | $16.44 Million |
| 21st Century Management Services Limited (21STCENMGM) | $473.23 Million | -12.16% | 0.46x | $3.79 Million |
| 5paisa Capital Ltd (5PAISA) | $176.30 Million | 20.03% | 0.97x | $164.26 Million |
| Abans Holdings Limited (AHL) | $6.60 Billion | 6.35% | 0.79x | $117.39 Million |
| AUTHUM INVESTMENT & INFRASTRUCTU ORD (BSE) (AIIL) | $34.16 Billion | 125.98% | 1.02x | $5.07 Billion |
| Almondz Global Securities Limited (ALMONDZ) | $1.25 Billion | -0.24% | 0.55x | $24.30 Million |
| Angel One Limited (ANGELONE) | $5.91 Billion | 13.92% | 2.70x | $3.47 Billion |
| Arihant Capital Markets Limited (ARIHANTCAP) | $1.50 Billion | 11.69% | 1.25x | $82.92 Million |
| Ausom Enterprise Limited (AUSOMENT) | $605.47 Million | 34.34% | 0.54x | $16.86 Million |
| Avonmore Capital & Management Services Limited (AVONMORE) | $3.94 Billion | 3.15% | 0.32x | $33.36 Million |
| Aditya Birla Money Limited (BIRLAMONEY) | $438.55 Million | 50.20% | 3.76x | $89.81 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