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Last Updated: April 2, 2026, 3:07 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532187 | NSE: INDUSINDBK

IndusInd Bank Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹421.61Overvalued by 46.36%vs CMP ₹786.00

P/E (15.0) × ROE (4.2%) × BV (₹830.00) × DY (2.00%)

Defaults: P/E=15

₹457.21Overvalued by 41.83%vs CMP ₹786.00
MoS: -71.9% (Negative)Confidence: 43/100 (Low)Models: 3 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹173.7722%Over (-77.9%)
Graham NumberEarnings₹795.9020%Fair (+1.3%)
Earnings PowerEarnings₹733.9513%Fair (-6.6%)
DCFCash Flow₹334.7016%Over (-57.4%)
Net Asset ValueAssets₹829.979%Fair (+5.6%)
EV/EBITDAEnterprise₹62.2811%Over (-92.1%)
Earnings YieldEarnings₹339.209%Over (-56.8%)
Consensus (7 models)₹457.21100%Overvalued
Key Drivers: EPS CAGR -58.8% drags value — could be higher if earnings stabilize. | ROE 4.2% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -58.8% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

49
IndusInd Bank Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 6.5% WeakROE 4.2% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 2.07% (6mo) AccumulatingDII holding down 1.32% MF sellingPromoter holding at 15.8% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum40/100 · Moderate
Profit (4Q): -125% YoY Declining
Industry Rank40/100 · Moderate
ROCE 6.5% vs industry 6.8% AverageROE 4.2% vs industry 11.8% Below peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:07 am

Market Cap 61,210 Cr.
Current Price 786
Intrinsic Value₹457.21
High / Low 969/618
Stock P/E
Book Value 830
Dividend Yield0.00 %
ROCE6.49 %
ROE4.15 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for IndusInd Bank Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
IndusInd Bank Ltd 61,210 Cr. 786 969/618 8300.00 %6.49 %4.15 % 10.0
Federal Bank Ltd 65,944 Cr. 268 302/18316.1 1470.45 %7.03 %12.9 % 2.00
Yes Bank Ltd 56,201 Cr. 17.9 24.3/16.117.7 16.00.00 %6.36 %5.46 % 2.00
IDFC First Bank Ltd 51,765 Cr. 60.2 87.0/52.532.9 54.50.42 %6.22 %4.21 % 10.0
Karur Vysya Bank Ltd 28,208 Cr. 292 344/15812.3 1320.74 %7.38 %17.6 % 2.00
Industry Average135,761.26 Cr305.6715.04214.170.61%6.84%11.80%6.30

All Competitor Stocks of IndusInd Bank Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue9,45710,02110,73011,24811,57212,19912,54712,68612,80110,63412,26411,60911,373
Interest 4,9625,3515,8636,1716,2776,8227,1397,3397,5737,5867,6247,1996,811
Expenses 3,9564,0974,2384,4514,6234,7494,9725,7595,7236,6465,8826,6526,050
Financing Profit539572629625672628436-412-495-3,598-1,242-2,242-1,488
Financing Margin %6%6%6%6%6%5%3%-3%-4%-34%-10%-19%-13%
Other Income 2,0762,1512,2102,2822,3962,5002,4412,1842,3507092,1561,6481,707
Depreciation 0000000000000
Profit before tax 2,6162,7232,8382,9073,0683,1282,8771,7721,855-2,889914-594218
Tax % 25%25%25%25%25%25%25%25%24%-23%25%-25%26%
Net Profit 1,9592,0412,1242,1812,2982,3472,1521,3251,401-2,236684-445161
EPS in Rs 25.2726.3027.3728.0729.5530.1527.6417.0117.99-28.708.78-5.712.07
Gross NPA %2.06%1.98%1.94%1.93%1.92%1.92%2.02%2.11%2.25%3.13%3.64%3.60%3.56%
Net NPA %0.62%0.59%0.58%0.57%0.57%0.57%0.60%0.64%0.68%0.95%1.12%1.04%1.04%

Last Updated: February 5, 2026, 1:08 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 1:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue8,2549,69211,87214,40617,28122,26128,78329,00030,82236,36845,74848,66845,879
Interest 5,3636,2727,3558,3439,78313,41516,72415,47215,82218,77625,13229,63629,220
Expenses 2,5553,1334,1885,6846,5559,28312,61115,99715,84015,52517,63822,61625,230
Financing Profit335288329379942-437-553-2,469-8392,0672,978-3,584-8,570
Financing Margin %4%3%3%3%5%-2%-2%-9%-3%6%7%-7%-19%
Other Income 1,8912,5483,2974,1714,7505,6476,9516,5597,3348,1669,3887,6846,220
Depreciation 981271571912122292783053213734254850
Profit before tax 2,1282,7093,4694,3605,4814,9816,1213,7846,1749,86011,9423,615-2,351
Tax % 34%34%34%34%34%34%28%25%25%25%25%27%
Net Profit 1,4081,7942,2862,8683,6063,3014,4182,8364,6117,3908,9502,643-1,835
EPS in Rs 26.8033.8838.4347.9560.0854.7763.7036.6859.5295.24114.9933.92-23.56
Dividend Payout % 13%12%12%13%12%14%0%14%14%15%14%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)27.41%27.42%25.46%25.73%-8.46%33.84%-35.81%62.59%60.27%21.11%-70.47%
Change in YoY Net Profit Growth (%)0.00%0.01%-1.97%0.27%-34.19%42.30%-69.65%98.40%-2.32%-39.16%-91.58%

IndusInd Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:18%
5 Years:11%
3 Years:16%
TTM:2%
Compounded Profit Growth
10 Years:4%
5 Years:-10%
3 Years:-17%
TTM:-87%
Stock Price CAGR
10 Years:-1%
5 Years:4%
3 Years:-12%
1 Year:-47%
Return on Equity
10 Years:12%
5 Years:10%
3 Years:11%
Last Year:4%

Last Updated: September 5, 2025, 7:35 am

Balance Sheet

Last Updated: December 4, 2025, 1:26 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 526529595598600603694773775776778779779
Reserves 8,51710,11517,10120,04823,24126,08334,01342,59246,92353,84662,01963,71463,855
Deposits61,57175,47893,000127,572151,639194,868202,040256,205293,681336,438384,793411,078389,787
Borrowing13,69319,27424,99621,45438,28947,32160,75451,32347,32349,01147,61153,70445,350
Other Liabilities 2,7196,3907,2058,9767,8568,9449,55812,08013,27317,73319,73424,74427,591
Total Liabilities 87,026111,787142,897178,648221,626277,819307,058362,973401,975457,804514,935554,018527,363
Fixed Assets 9911,1201,2181,3071,3131,6881,7421,7341,7541,8572,0012,1682,445
CWIP 2538372825227875951351971880
Investments 21,56322,87834,05436,70250,07759,26659,98069,69570,97183,116106,527114,497124,048
Other Assets 64,44787,751107,587140,611170,211216,843245,257291,469329,155372,695406,211437,166400,870
Total Assets 87,026111,787142,897178,648221,626277,819307,058362,973401,975457,804514,935554,018527,363

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -4,106-1,421-2,92711,569-20,700-6,389-12,03944,64616,600-12,438-16,84318,113
Cash from Investing Activity + -174-276-258-285-217-633526-226-351-441-625-624
Cash from Financing Activity + 4,2005,7072,517-2,76815,5058,59012,733-4,096-4,3021,115-2,2424,876
Net Cash Flow -794,010-6678,516-5,4121,5681,22040,32411,947-11,763-19,71022,364
Free Cash Flow -4,279-1,697-3,18411,296-20,920-7,027-12,43844,35216,239-12,958-17,47617,465
CFO/OP -58%-5%-21%154%-175%-31%-62%349%125%-54%-49%81%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-59.00-72.00-89.00-122.00-145.00-185.00-190.00-241.00-278.00-321.00-367.00-389.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % 17%18%16%15%16%13%14%7%10%14%15%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 16.50%16.49%16.47%16.45%16.40%16.38%16.36%16.29%15.83%15.82%15.82%15.82%
FIIs 42.16%42.34%41.48%42.47%40.25%38.40%34.11%24.74%29.53%33.68%34.32%31.60%
DIIs 26.54%26.22%28.17%26.21%28.09%29.69%34.60%42.43%36.32%33.18%31.57%35.00%
Government 0.37%0.37%0.37%0.36%0.37%0.37%0.37%0.39%0.38%0.38%0.38%0.38%
Public 14.45%14.59%13.50%14.52%14.90%15.16%14.56%16.16%17.94%16.92%17.91%17.20%
No. of Shareholders 3,78,3033,64,2903,60,0273,59,6883,98,1814,17,3594,39,0526,39,7097,71,7436,95,6747,01,7116,49,084

Shareholding Pattern Chart

No. of Shareholders

IndusInd Bank Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Mirae Asset Large & Midcap Fund 10,471,053 2.22 938.3110,136,0352026-02-23 01:20:473.31%
ICICI Prudential Multi Asset Fund 9,858,275 1.09 883.49,258,2752025-12-15 01:28:016.48%
Kotak Multicap Fund 9,432,727 3.72 845.276,682,7272026-02-23 01:32:3041.15%
HDFC Mid Cap Fund 9,226,037 0.9 826.75N/AN/AN/A
ICICI Prudential Large & Mid Cap Fund 9,000,000 2.94 806.499,114,2592026-02-23 02:57:17-1.25%
HDFC Balanced Advantage Fund 6,708,756 0.56 601.17N/AN/AN/A
Mirae Asset ELSS Tax Saver Fund 6,431,996 2.21 576.375,901,1322026-01-26 02:32:549%
HDFC Large Cap Fund 6,178,140 1.4 553.62N/AN/AN/A
Mirae Asset Midcap Fund 5,971,045 3.03 535.075,767,4562026-02-23 02:57:173.53%
Kotak Flexicap Fund 5,000,000 0.79 448.05N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.) 33.07115.5496.0162.0740.03
Diluted EPS (Rs.) 33.05115.3395.8961.9739.96
Cash EPS (Rs.) 39.89121.29101.1866.5742.12
Book Value[Excl.RevalReserv]/Share (Rs.) 828.52808.30705.03615.99558.42
Book Value[Incl.RevalReserv]/Share (Rs.) 832.24812.10708.92619.96562.48
Operating Revenue / Share (Rs.)624.70587.78468.72397.88374.98
Net Profit / Share (Rs.) 33.06115.3495.9362.0237.88
Net Profit After MI / Share (Rs.)33.06115.3495.9362.0337.89
Net Profit Margin (%) 5.2919.6220.4615.5810.10
Net Profit After MI And SOA Nargin (%)5.2919.6220.4615.5810.10
Operating Profit Margin (%)9.6329.9128.8821.4414.62
Return On Assets (%) 0.461.741.621.190.80
Return On Equity / Networth (%)3.9914.2613.6010.066.78
Net Interest Margin (X)3.434.003.843.733.72
Cost To Income (%)60.1047.1444.0341.5440.72
Interest Income / Total Assets (%)8.788.887.947.667.99
Non-Interest Income / Total Assets (%)1.381.821.781.841.79
Operating Profit / Total Assets (%)-0.92-0.08-0.15-0.64-0.98
Operating Expenses / Total Assets (%)2.892.742.472.312.24
Interest Expenses / Total Assets (%)5.344.874.103.934.26
Enterprise Value (Rs.Cr.)464163.30534719.81425033.84397413.26363015.24
EV Per Net Sales (X)9.5411.6911.6912.8912.52
Price To Book Value (X)0.781.921.511.521.71
Price To Sales (X)1.042.652.282.352.54
Retention Ratios (%) 100.0087.8991.1491.94100.00
Earnings Yield (X)0.050.070.080.060.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

IndusInd Bank Ltd. is a Public Limited Listed company incorporated on 31/01/1994 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65191PN1994PLC076333 and registration number is 076333. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company's Total Operating Revenue is Rs. 48667.66 Cr. and Equity Capital is Rs. 779.05 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private Sector2401, General Thimmayya Road, Cantonment, Pune Maharashtra 411001Contact not found
Management
NamePosition Held
Mr. Sunil MehtaChairman
Mr. Sudip BasuDirector
Mr. Rakesh BhatiaDirector
Mrs. Bhavna DoshiDirector
Mr. Pradeep UdhasDirector
Mr. Rajiv AgarwalDirector
Mrs. Akila KrishnakumarDirector
Mr. Lingam V PrabhakarDirector

FAQ

What is the intrinsic value of IndusInd Bank Ltd and is it undervalued?

As of 10 April 2026, IndusInd Bank Ltd's intrinsic value is ₹457.21, which is 41.83% lower than the current market price of ₹786.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (4.15 %), book value (₹830), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of IndusInd Bank Ltd?

IndusInd Bank Ltd is trading at ₹786.00 as of 10 April 2026, with a FY2026-2027 high of ₹969 and low of ₹618. The stock is currently in the middle of its 52-week range. Market cap stands at ₹61,210 Cr..

How does IndusInd Bank Ltd's P/E ratio compare to its industry?

IndusInd Bank Ltd has a P/E ratio of , which is below the industry average of 15.04. This is broadly in line with or below the industry average.

Is IndusInd Bank Ltd financially healthy?

Key indicators for IndusInd Bank Ltd: ROCE of 6.49 % is on the lower side compared to the industry average of 6.84%; ROE of 4.15 % is below ideal levels (industry average: 11.80%). Dividend yield is 0.00 %.

Is IndusInd Bank Ltd profitable and how is the profit trend?

IndusInd Bank Ltd reported a net profit of ₹2,643 Cr in Mar 2025 on revenue of ₹48,668 Cr. Compared to ₹4,611 Cr in Mar 2022, the net profit shows a declining trend.

Does IndusInd Bank Ltd pay dividends?

IndusInd Bank Ltd has a dividend yield of 0.00 % at the current price of ₹786.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in IndusInd Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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