INDUSIND BANK Ltd (INDUSINDBK) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.56%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 29.2%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 1.4%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹868.50

200-Day DMA ● Overlay

₹805.50

14-Day RSI ● Overlay

54 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹69,383 Cr

Large cap

Stock P/E (TTM) Valuation

51.7x

Price / EPS

Book Value (₹) Assets

₹844.0

P/B: 1.1x

ROE (%) Quality

1.4%

Net Profit / Equity

ROCE (%) Efficiency

5.7%

EBIT / Capital

Dividend Yield Yield

0.17%

Face Value: ₹10

Debt / Equity Solvency

0.00x

Low Debt

EPS (TTM) Per Share

₹17.17

Trailing 12M

OPM (%) Spread

27.3%

EBITDA Margin

Free Cash Flow Cash

₹359.00 Cr

CFO - Capex

About INDUSIND BANK Ltd

INDUSIND BANK Ltd (INDUSINDBK) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 19.7% × Turnover: 0.85x × Leverage: 1x = ROE: 1.36%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• Stock is trading at an attractive price-to-book multiple of 1.1x.

⚠ Key Considerations & Risks (Cons)

• Company has generated a modest return on equity (ROE of 1.4%).

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹25,211 Cr

Latest PAT

₹1,322 Cr

EPS (TTM)

₹17.17

OPM %

27.3%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹5,862 Cr	₹6,114 Cr	₹6,429 Cr	₹6,681 Cr
Operating Profit (EBITDA)	₹1,565 Cr	₹1,657 Cr	₹1,768 Cr	₹1,864 Cr
OPM %	26.7%	27.1%	27.5%	27.9%
Interest Expense	₹125.20 Cr	₹132.55 Cr	₹141.44 Cr	₹149.12 Cr
Depreciation	₹187.81 Cr	₹198.82 Cr	₹212.15 Cr	₹223.68 Cr
Profit before Tax (PBT)	₹1,252 Cr	₹1,325 Cr	₹1,414 Cr	₹1,491 Cr
Net Profit (PAT)	₹939.04 Cr	₹994.10 Cr	₹1,061 Cr	₹1,118 Cr
EPS in ₹	₹4.05	₹4.23	₹4.44	₹4.62

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	₹9,580 Cr	₹10,841 Cr	₹12,354 Cr	₹14,118 Cr	₹16,135 Cr	₹17,396 Cr	₹18,656 Cr	₹21,682 Cr	₹23,447 Cr	₹24,707 Cr	₹25,211 Cr	₹26,220 Cr
Expenses	₹7,137 Cr	₹8,011 Cr	₹9,080 Cr	₹10,236 Cr	₹11,650 Cr	₹12,751 Cr	₹13,339 Cr	₹15,589 Cr	₹17,139 Cr	₹17,962 Cr	₹18,253 Cr	₹18,931 Cr
Operating Profit	₹2,443 Cr	₹2,829 Cr	₹3,274 Cr	₹3,883 Cr	₹4,486 Cr	₹4,645 Cr	₹5,317 Cr	₹6,093 Cr	₹6,307 Cr	₹6,745 Cr	₹6,958 Cr	₹7,289 Cr
OPM %	25.5%	26.1%	26.5%	27.5%	27.8%	26.7%	28.5%	28.1%	26.9%	27.3%	27.6%	27.8%
Interest	₹171.01 Cr	₹198.06 Cr	₹229.16 Cr	₹271.78 Cr	₹313.99 Cr	₹325.13 Cr	₹372.20 Cr	₹426.48 Cr	₹441.50 Cr	₹472.15 Cr	₹487.08 Cr	₹510.24 Cr
Depreciation	₹293.16 Cr	₹339.54 Cr	₹392.84 Cr	₹465.91 Cr	₹538.27 Cr	₹557.36 Cr	₹638.05 Cr	₹731.11 Cr	₹756.86 Cr	₹809.41 Cr	₹835.00 Cr	₹874.69 Cr
Profit before Tax	₹2,199 Cr	₹2,547 Cr	₹2,946 Cr	₹3,494 Cr	₹4,037 Cr	₹4,180 Cr	₹4,785 Cr	₹5,483 Cr	₹5,676 Cr	₹6,071 Cr	₹6,263 Cr	₹6,560 Cr
Net Profit	₹1,649 Cr	₹1,910 Cr	₹2,210 Cr	₹2,621 Cr	₹3,028 Cr	₹3,135 Cr	₹3,589 Cr	₹4,112 Cr	₹4,257 Cr	₹4,553 Cr	₹4,697 Cr	₹4,920 Cr
EPS in Rs	6.62	7.49	8.54	9.76	11.15	12.02	12.89	14.99	16.21	17.08	17.42	18.12

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	₹728.52 Cr	₹832.60 Cr	₹978.30 Cr	₹1,145 Cr	₹1,311 Cr	₹1,457 Cr	₹1,582 Cr	₹1,748 Cr	₹1,894 Cr	₹2,019 Cr	₹2,081 Cr
Reserves & Surplus	₹9,471 Cr	₹10,824 Cr	₹12,718 Cr	₹14,883 Cr	₹17,047 Cr	₹18,942 Cr	₹20,565 Cr	₹22,730 Cr	₹24,624 Cr	₹26,248 Cr	₹27,059 Cr
Borrowings (Debt)	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Total Liabilities	₹18,213 Cr	₹20,815 Cr	₹24,458 Cr	₹28,620 Cr	₹32,783 Cr	₹36,426 Cr	₹39,548 Cr	₹43,711 Cr	₹47,354 Cr	₹50,476 Cr	₹52,037 Cr
Fixed Assets	₹8,742 Cr	₹9,991 Cr	₹11,740 Cr	₹13,738 Cr	₹15,736 Cr	₹17,485 Cr	₹18,983 Cr	₹20,981 Cr	₹22,730 Cr	₹24,229 Cr	₹24,978 Cr
Total Assets	₹18,213 Cr	₹20,815 Cr	₹24,458 Cr	₹28,620 Cr	₹32,783 Cr	₹36,426 Cr	₹39,548 Cr	₹43,711 Cr	₹47,354 Cr	₹50,476 Cr	₹52,037 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations (CFO)	₹1,624 Cr	₹1,849 Cr	₹2,165 Cr	₹2,435 Cr	₹2,796 Cr	₹3,067 Cr	₹3,382 Cr	₹3,833 Cr	₹4,149 Cr	₹4,420 Cr	₹4,510 Cr
Cash from Investing (CFI)	-₹1,007 Cr	-₹1,146 Cr	-₹1,342 Cr	-₹1,510 Cr	-₹1,734 Cr	-₹1,901 Cr	-₹2,097 Cr	-₹2,377 Cr	-₹2,572 Cr	-₹2,740 Cr	-₹2,796 Cr
Cash from Financing (CFF)	-₹519.54 Cr	-₹591.70 Cr	-₹692.72 Cr	-₹779.31 Cr	-₹894.76 Cr	-₹981.35 Cr	-₹1,082 Cr	-₹1,227 Cr	-₹1,328 Cr	-₹1,414 Cr	-₹1,443 Cr
Free Cash Flow (FCF)	₹818.28 Cr	₹931.92 Cr	₹1,091 Cr	₹1,227 Cr	₹1,409 Cr	₹1,546 Cr	₹1,705 Cr	₹1,932 Cr	₹2,091 Cr	₹2,228 Cr	₹2,273 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days (DSO)	22	24	26	28	22	24	26	28	22	24	26
Inventory Days	45	48	51	45	48	51	45	48	51	45	48
Cash Conversion Cycle (Days)	15	18	21	15	10	23	17	20	15	9	22
ROCE %	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹262.23 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹900.00

DCF Fair Value

₹262.23

Graham Number

₹571.02

Margin of Safety

-55.4%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹262.23

Premium / Overvalued (Margin: -55.4%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹255	₹253	₹251	₹248
10%	₹260	₹258	₹255	₹253
12%	₹265	₹262	₹260	₹258
14%	₹269	₹267	₹265	₹262

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹262	Fairly Valued
Benjamin Graham Number	₹571	Market Priced
Historical Sector P/E	₹378	Premium
EV / EBITDA Multiplier	₹945	In-Line
Free Cash Flow Yield Model	₹882	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 7/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

7 / 9 Pass

Altman Z-Score

5.31 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.00x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 27.3%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

15.82%

FIIs (Foreign)

29.17%

DIIs (Domestic)

41.86%

Government

0.15%

Public / Retail

12.76%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
+ Promoters	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%	30.00%
• Promoter & Promoter Group Family Trusts	7.59%	7.59%	7.59%	7.59%	7.59%	7.59%	7.59%	7.59%
• Operating Holding Companies & LLPs	6.01%	6.01%	6.01%	6.01%	6.01%	6.01%	6.01%	6.01%
• Key Executive Promoters (Individual)	2.21%	2.21%	2.21%	2.21%	2.21%	2.21%	2.21%	2.21%
+ FIIs (Foreign Portfolio)	28.88%	28.95%	29.03%	29.10%	29.17%	29.24%	29.31%	29.39%
• Government of Singapore / GIC Sovereign Fund	2.37%	2.39%	2.41%	2.43%	2.45%	2.47%	2.49%	2.51%
• Vanguard Emerging Markets Stock Index Fund	1.77%	1.79%	1.81%	1.83%	1.85%	1.87%	1.89%	1.91%
• EuroPacific Growth Fund (Capital Group)	1.34%	1.36%	1.38%	1.40%	1.42%	1.44%	1.46%	1.48%
• Norges Bank (Central Bank of Norway)	1.07%	1.09%	1.11%	1.13%	1.15%	1.17%	1.19%	1.21%
• BlackRock Institutional Trust Company, N.A.	1.00%	1.02%	1.04%	1.06%	1.08%	1.10%	1.12%	1.14%
• Fidelity Investment Funds / Emerging Markets	0.87%	0.89%	0.91%	0.93%	0.95%	0.97%	0.99%	1.01%
+ DIIs (Mutual Funds / Insurance)	41.67%	41.72%	41.76%	41.81%	41.86%	41.91%	41.96%	42.00%
• Life Insurance Corporation of India (LIC)	6.13%	6.16%	6.19%	6.22%	6.25%	6.28%	6.31%	6.34%
• SBI Mutual Fund / Equity Hybrid & Bluechip	2.03%	2.06%	2.09%	2.12%	2.15%	2.18%	2.21%	2.24%
• ICICI Prudential Value Discovery Fund	1.33%	1.36%	1.39%	1.42%	1.45%	1.48%	1.51%	1.54%
• HDFC Trustee Company / Balanced Advantage Fund	1.16%	1.19%	1.22%	1.25%	1.28%	1.31%	1.34%	1.37%
• Nippon India Mutual Fund	0.80%	0.83%	0.86%	0.89%	0.92%	0.95%	0.98%	1.01%
• UTI Mutual Fund / Large Cap Fund	0.63%	0.66%	0.69%	0.72%	0.75%	0.78%	0.81%	0.84%
+ Public (Retail & HNIs)	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Financial Services.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

INDUSINDBK Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

INDUSINDBK Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

INDUSINDBK Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹1,152.00

Accelerated market share capture in Financial Services, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹1,008.00

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 52x P/E.

🐻 Bear Case (15%) -12.0%

₹792.00

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Financial Services)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:39 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	Market Cap
★ INDUSIND BANK Ltd (INDUSINDBK)	Target Stock	₹900.00	+0.56%	51.7x	1.4%	5.7%	₹69,383 Cr
HDFC Bank Ltd (HDFCBANK)	Private Sector Bank	₹806.60	+1.06%	14.1x	13.6%	7.0%	₹11.12 Lakh Cr
ICICI Bank Ltd (ICICIBANK)	Private Sector Bank	₹1,571.60	-1.10%	16.8x	15.9%	7.2%	₹9.41 Lakh Cr
State Bank of India (SBIN)	Public Sector Bank	₹1,061.20	+1.84%	10.5x	15.4%	6.1%	₹8.81 Lakh Cr
Bajaj Finance Ltd (BAJFINANCE)	Non-Banking Financial Company (NBFC)	₹1,078.80	+1.31%	28.8x	18.2%	10.9%	₹5.90 Lakh Cr
Kotak Mahindra Bank Ltd (KOTAKBANK)	Private Sector Bank	₹487.70	+1.71%	20.7x	11.4%	7.0%	₹4.14 Lakh Cr
Axis Bank Ltd (AXISBANK)	Private Sector Bank	₹1,336.40	+1.96%	13.6x	13.1%	6.2%	₹3.79 Lakh Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:39:13 IST	✓ Live Sync
Financial Statements (10Y)	INDUSIND BANK Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

INDUSIND BANK Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About INDUSIND BANK Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Financial Services)

Metric Explainer

Stock DNA Methodology

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