Indusind Bank Limited (INDUSINDBK)

Loading page…

Indusind Bank Limited (INDUSINDBK) · mywealthgrid

About

Indusind Bank is a private sector bank with market capitalisation of ₹79,530 Cr. The bank reported a net loss of ₹444.79 Cr in Sep 2025 but recovered to ₹1,000+ Cr profits by Jun 2026, raising urgent questions about asset quality and earnings sustainability.

Founded: 1994
Face value: ₹10

Market cap

₹69,094 Cr

P/E

52.2×

P/B

1.1×

Dividend yield

0.2%

ROE

1.4%

ROCE

5.7%

Debt / equity

0.65

OPM

49.3%

EPS (TTM)

₹17.0

Book value

₹843.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Sep 2025 loss of ₹444.79 Cr; verify root cause (asset charge, credit event, litigation, or restructuring) and confirm it is resolved to rule out recurrence.
ROE of 1.36% is distressed for a private bank; verify normalised return on capital and whether current valuation reflects temporary weakness or structural deterioration.
PE of 60.14 is exceptionally high; stock leaves no margin for earnings disappointment, slowing ROE recovery, or reversion to losses.
Revenue declined 5.2% from ₹11,608.63 Cr (Sep 2025) to ₹11,005.42 Cr (Mar 2026); verify whether this reflects deposit competition, lending slowdown, or market-share loss.

Generated analysis · source review pending

Growth drivers

Net profit recovered from ₹127.98–₹161.16 Cr (Dec 2025) to ₹1,002.5–₹1,037.05 Cr (Jun 2026); if Sep 2025 loss was one-time, this signals earnings normalisation.
OPM expanded from 46.41–46.8% (Dec 2025) to 54.67–55.07% (Jun 2026); verify whether this reflects cost control, deposit-mix shift, or loan repricing, and whether it is durable.
1-year return of 26.44% reflects investor confidence in recovery; verify whether this is justified by improving credit costs and ROE trajectory.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹886.9+1%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 49.3%

Cons

−Low return on equity of 6.9% (3-yr avg)
−Profit declined 21.2% a year over the last 5 years
−Modest revenue growth of 9.8% a year over the last 5 years
−Weak interest coverage of 1×
−Low dividend payout of 8.8% of profit
−Low promoter holding of 15.8%

Research score

Structured signal from quality, growth, valuation and momentum.

41/100

Business quality: 34
Growth: 33

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 50 NIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Idbi Bank LimitedIDBIIDBI	₹93,084 Cr	₹1,21,187 Cr	₹29,542 Cr	₹21,383 Cr	72.8%	₹9,343 Cr	31.8%	6.5%	14.2%	—
The Federal Bank LimitedFEDERALBNKFEDERALBNK	₹78,500 Cr	₹1,11,693 Cr	₹30,385 Cr	₹19,589 Cr	64.8%	₹4,692 Cr	15.1%	6.4%	11.4%	—
Idfc First Bank LimitedIDFCFIRSTBIDFCFIRSTB	₹69,254 Cr	₹1,05,886 Cr	₹41,958 Cr	₹14,462 Cr	35.6%	₹2,305 Cr	4%	6%	3.8%	—
Indusind Bank LimitedINDUSINDBKINDUSINDBK	₹69,094 Cr	₹1,11,884 Cr	₹45,297 Cr	₹22,203 Cr	49.3%	₹1,322 Cr	1.9%	5.7%	1.4%	—
Yes Bank LimitedYESBANKYESBANK	₹65,126 Cr	₹1,30,577 Cr	₹30,658 Cr	₹18,224 Cr	61.5%	₹3,775 Cr	11.6%	6%	7.1%	—
Rbl Bank LimitedRBLBANKRBLBANK	₹63,709 Cr	₹80,506 Cr	₹14,736 Cr	₹5,360 Cr	36.3%	₹899 Cr	6.1%	5.8%	5.4%	—
Bandhan Bank LimitedBANDHANBNKBANDHANBNK	₹28,355 Cr	₹42,658 Cr	₹21,844 Cr	₹10,127 Cr	46.9%	₹1,353 Cr	5.6%	6.4%	4.9%	—
Karur Vysya Bank LimitedKARURVYSYAKARURVYSYA	₹26,027 Cr	₹28,650 Cr	₹11,555 Cr	₹7,832 Cr	67.7%	₹2,745 Cr	22.7%	7.6%	19.3%	—
City Union Bank LimitedCUBCUB	₹17,092 Cr	₹22,419 Cr	₹7,249 Cr	₹4,979 Cr	69.6%	₹1,403 Cr	19.3%	6.7%	13.2%	—
The Jammu & Kashmir Bank LimitedJ&KBANKJ&KBANK	₹15,415 Cr	₹18,846 Cr	₹13,429 Cr	₹9,521 Cr	70.6%	₹2,301 Cr	17.9%	5.8%	15.3%	—
Tamilnad Mercantile Bank LimitedTMBTMB	₹13,813 Cr	₹14,513 Cr	₹6,096 Cr	₹4,458 Cr	74.1%	₹1,444 Cr	23%	7.5%	14%	—
The South Indian Bank LimitedSOUTHBANKSOUTHBANK	₹12,420 Cr	₹16,347 Cr	₹10,112 Cr	₹6,746 Cr	66.3%	₹1,511 Cr	14.8%	6.4%	13.5%	—

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	17,281	22,261	28,783	29,000	30,822	36,368	45,748	48,668	46,251
Interest	9,783	13,415	16,724	15,472	15,822	18,776	25,132	29,636	28,268
Expenses	5,591	6,405	12,835	16,099	15,624	11,346	17,569	22,664	23,437
Financing profit	1,906	2,441	-776	-2,571	-623	6,246	3,046	-3,632	-5,455
Financing margin %	11%	11%	-2.7%	-8.9%	-2%	17.2%	6.7%	-7.5%	-11.8%
Other income	4,750	5,647	6,953	6,501	7,408	8,173	9,396	7,690	7,229
Depreciation	—	—	—	—	352	—	463	532	564
Profit before tax	—	—	6,177	3,930	6,433	—	11,980	3,526	1,211
Tax	—	—	1,719	1,000	1,628	—	3,002	950	321
Tax %	—	—	27.8%	25.4%	25.3%	—	25.1%	27%	26.5%
PAT	3,606	3,300	4,458	2,930	4,805	7,443	8,977	2,576	889
EPS (₹)	—	—	64.3	40	62.1	—	115.5	33.1	11.4
EPS adjusted (₹)	60.1	54.8	64.3	37.9	62	95.9	115.4	33.1	11.4
	—	—	0%	12.5%	13.7%	—	14.3%	0%	13.1%
Gross NPA %	—	—	2.5%	2.7%	2.3%	—	1.9%	3.1%	3.4%
Net NPA %	—	—	0.9%	0.7%	0.6%	—	0.6%	1%	1%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	598	600	603	694	773	775	776	778	779	779
Reserves	20,034	23,228	26,073	33,371	42,722	47,236	54,184	62,326	64,057	64,961
Deposits	1,26,572	1,51,639	1,94,868	2,02,027	2,55,870	2,93,349	3,36,120	3,84,586	4,10,862	3,99,931
Borrowings	22,454	38,289	47,321	60,754	51,323	47,323	49,011	47,611	53,704	42,789
Other liabilities	8,992	7,871	8,956	10,383	12,215	13,284	17,745	19,793	24,706	34,934
Total equity & liabilities	1,78,650	2,21,628	2,77,821	3,07,229	3,62,903	4,01,967	4,57,837	5,15,094	5,54,107	5,43,394
Fixed assets	1,335	1,339	1,710	1,871	1,876	1,929	2,079	2,324	2,496	2,546
Investments	36,704	50,078	59,268	59,938	69,653	70,930	83,076	1,06,486	1,14,457	1,25,007
	1,40,611	1,70,211	2,16,843	2,45,419	2,91,374	3,29,109	3,72,682	4,06,283	4,37,154	4,15,841
Total assets	1,78,650	2,21,628	2,77,821	3,07,229	3,62,903	4,01,967	4,57,837	5,15,094	5,54,107	5,43,394

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	11,569	-20,700	-6,389	-12,907	44,976	16,672	-12,442	-16,925	18,278	993
	-274	-220	-638	-416	-331	-406	-560	-711	-709	-634
	-2,768	15,505	8,590	12,733	-4,096	-4,302	1,115	-2,242	4,876	-10,912
Net cash flow	8,516	-5,412	1,568	-570	40,549	11,964	-11,808	-19,878	22,445	-10,553
Free cash flow	11,282	-20,936	-7,032	-13,328	44,635	16,258	-13,013	-17,655	17,547	301
CFO / Operating profit %	—	—	—	-80.9%	348.6%	109.7%	—	-60.1%	70.3%	4.4%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Retail Banking	36,100.99	5,687.45	2,36,533.37	2,20,264.18	16,269.19	34.96
Corporate / Wholesale Banking	10,835.58	1,697.79

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
PAT margin %	14.8%	15.5%	10.1%	15.6%	20.5%	19.6%	5.3%	1.9%
Return ratios
Return on assets %	1.2%	1.5%	0.8%	1.2%	1.6%	1.7%	0.5%	0.2%
Return on capital employed %	2.3%	8.1%	6%	6%	2%	7.9%	6.5%	5.7%
Return on equity %	12.4%	13.1%	6.7%	10%	13.5%	14.2%	4%	1.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Margin, working-capital and leverage ratios are omitted: a bank funds itself with deposits and books interest as its cost of revenue, so they would measure something other than what they name.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	16.47%	16.45%	16.4%	16.38%	16.36%	16.29%	15.83%	15.82%	15.82%	15.82%	15.82%	15.82%
	41.48%	42.46%	40.24%	38.4%	34.1%	24.74%	29.53%	33.69%	34.32%	31.6%	28.57%	29.16%
	28.66%	26.7%	28.59%	30.18%	35.08%	42.81%	36.7%	33.56%	31.57%	35%	40.13%	41.87%
	0%	0%	0%	0%	0%	0%	0%	0%	0.38%	0.38%	0.38%	0.38%
	13.39%	14.39%	14.77%	15.04%	14.46%	16.16%	17.94%	16.93%	17.91%	17.2%	15.1%	12.77%
No. of shareholders	—	—	—	—	—	—	—	—	7,01,711	6,49,084	6,01,056	5,68,147

Promoter holding down 0.65 percentage points since Sep 2023.

52 deals · 9 Sept 2021 – 29 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
29 Sept 2025	BNP PARIBAS FINANCIAL MARKETS	Bulk	NSE	Buy	1,06,64,803	₹723.60	₹771.71 Cr
29 Sept 2025	BNP PARIBAS FINANCIAL MARKETS	Bulk	NSE	Sell	7,969	₹728.15	₹0.58 Cr
22 May 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	39,77,649	₹773.77	₹307.78 Cr
22 May 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	39,30,649	₹773.64	₹304.09 Cr
16 May 2025	ROUTE ONE FUND I LP	Bulk	NSE	Sell	50,38,000	₹765.68	₹385.75 Cr
12 Mar 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	96,75,727	₹670.06	₹648.33 Cr
12 Mar 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	86,17,748	₹672.24	₹579.32 Cr
12 Mar 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	72,06,819	₹672.79	₹484.87 Cr
12 Mar 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	72,06,819	₹672.84	₹484.90 Cr
11 Mar 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	62,99,872	₹686.17	₹432.28 Cr

1–10 of 52

1 / 6

Mr. Arijit BasuNon-Executive - Independent Director-Chairperson
Mrs. Akila KrishnakumarNon-Executive - Independent Director
Mr. Rajiv Surajbhan AgarwalNon-Executive - Independent Director
Mrs. Bhavna Gautam DoshiNon-Executive - Independent Director
Mr. Venkata Prabhakar LingamNon-Executive - Independent Director
Mr. Rakesh BhatiaNon-Executive - Independent Director
Mr. Sudip BasuNon-Executive - Non Independent Director
Mr. Rajiv AnandExecutive Director-CEO-MD
Mr. Ravindra Babu GarkipatiNon-Executive - Independent Director
Mr. Nilesh Shivji VikamseyNon-Executive - Independent Director
Mr. Saurav SahaChief Risk Officer

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹901.4 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹901.8	+1.5	+0.2%	₹901.8	59,595	-39	4,175	700
23 Nov 2026	₹906.4	+2.8	+0.3%	₹906.4	2,871	+6	94	700
29 Dec 2026	₹910.8	+19.7	+2.2%	₹915.6	18	+18	18	700

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

40

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	740

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

170

across 19 fund houses

Held by these funds

12.09%

of the company's equity

All mutual funds

30.26%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

170 schemes · 19 fund houses

		Shares
Portfolio of Kotak Multi Cap FundNEW	Kotak Mahindra Mutual Fund	99.83 L	1,014.84	3.32%	1.281%	—
Large & Mid Cap Fund	ICICI Prudential Mutual Fund	90.4 L	919.04	2.74%	1.16%	-0
Portfolio of Kotak Flexi Cap FundNEW	Kotak Mahindra Mutual Fund	75 L	762.45	1.35%	0.963%	—
Portfolio of Kotak Large & Mid Cap FundNEW	Kotak Mahindra Mutual Fund	50 L	508.3	1.57%	0.642%	—
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	45.5 L	462.55	3.27%	0.584%	-4.5 L
ETF NIFTY BANK BEES	Nippon India Mutual Fund	44.96 L	457.03	5.44%	0.577%	-36,796
VALUE FUND	Nippon India Mutual Fund	25.31 L	257.27	2.84%	0.325%	-2 L
Large & Mid Cap Fund	Axis Mutual Fund	25 L	254.15	1.47%	0.321%	-0

1–8 of 170

1 / 22

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Jul 2026Transcript AI Summary PPTREC
Apr 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results23 Oct 2026 · in 22 daysresults

18

Final dividend25 Jun 2026 · ex-date₹1.5
Final dividend28 Jun 2024 · ex-date₹16.5
Final dividend2 Jun 2023 · ex-date₹14
Dividend dividend11 Aug 2022 · ex-date₹8.5
Final dividend17 Aug 2021 · ex-date₹5
Dividend dividend8 Aug 2019 · ex-date₹7.5
Dividend dividend18 Jul 2018 · ex-date₹7.5
Dividend dividend18 Jul 2017 · ex-date₹6
Dividend dividend23 Jun 2016 · ex-date₹4.5
Dividend dividend7 Aug 2015 · ex-date₹4
Dividend dividend16 Jun 2014 · ex-date₹3.5
Dividend dividend17 Jun 2013 · ex-date₹3
Dividend dividend5 Jul 2012 · ex-date₹2.2
Dividend dividend30 Jun 2011 · ex-date₹2
Dividend dividend17 Jun 2010 · ex-date₹1.8
Dividend dividend22 Jun 2009 · ex-date₹1.2
Dividend dividend4 Sept 2008 · ex-date₹0.6
Dividend dividend31 Aug 2007 · ex-date₹0.6

2

Board meeting to consider results23 Oct 2026
Board meeting to consider results22 Jul 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

62 announcementsExport CSV

1 Oct 2026, 6:12 pmCompany Update

Half-Yearly Statement Containing Details Of Debt Securities As On September 30, 2026

General PDF

30 Sept 2026, 7:46 pmBoard Meeting

Board Meeting Intimation For Approval Of The Unaudited Standalone And Consolidated Financial Results For The Quarter And Half-Year Ending September 30, 2026.

Exchange filing PDF

28 Sept 2026, 12:20 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

22 Sept 2026, 6:55 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

17 Sept 2026, 10:56 pmCompany Update

ESG Rating By Niche Ninety Nine Capability And Certifications (OPC) Private Limited

General PDF

17 Sept 2026, 6:31 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

16 Sept 2026, 7:00 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

16 Sept 2026, 6:53 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

Date	Category	Subject	Filing
1 Oct 2026, 6:12 pm	Company Update General	Half-Yearly Statement Containing Details Of Debt Securities As On September 30, 2026	PDF
30 Sept 2026, 7:46 pm	Board Meeting	Board Meeting Intimation For Approval Of The Unaudited Standalone And Consolidated Financial Results For The Quarter And Half-Year Ending September 30, 2026.

Loading announcements…

Indusind Bank Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Option chain40

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Upcoming and recent1

Dividends18

Board meetings2

Announcements

Quarterly record

Bulk & block deals

Board and management

Upcoming and recent1

Dividends18

Board meetings2

Ratio timeline

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Futures3

Option chain40

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Corporate / Wholesale Banking · revenue

3

40

1

18

2

1

18

2

3

40