IndusInd Bank Ltd. (IN:INDUSINDBK)
:INDUSINDBK
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IndusInd Bank Ltd.
(INDUSINDBK)
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Rating:62Neutral
Price Target:
₹1,017.00
▲(23.28% Upside)
Action:ReiteratedDate:11/13/25
IndusInd Bank Ltd. has a solid financial performance with strong revenue growth and improved profitability. However, operational inefficiencies and cash flow challenges are notable risks. The technical analysis indicates strong bullish momentum, but overbought conditions could lead to a pullback. Valuation concerns, particularly the negative P/E ratio, weigh heavily on the overall score.
Positive Factors
Multi-year revenue growth
Revenue expanded materially from 185bn to 563bn over five years, showing sustained top-line growth across lending, deposits and fee businesses. Durable revenue expansion supports continued investment in scale, product mix diversification and long-term earnings resilience for the bank.
Negative Factors
Weak cash generation
Persistently negative operating and free cash flows indicate structural cash conversion issues versus reported profits. This stresses liquidity management, may force external financing for growth or buffer needs, and reduces flexibility for capital returns or unexpected credit losses over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Revenue expanded materially from 185bn to 563bn over five years, showing sustained top-line growth across lending, deposits and fee businesses. Durable revenue expansion supports continued investment in scale, product mix diversification and long-term earnings resilience for the bank.
Read all positive factors
IndusInd Bank Ltd. (INDUSINDBK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹616.94B
Dividend Yield1.95%
Average Volume (3M)109.57K
Price to Earnings (P/E)131.7
Beta (1Y)1.28
Revenue Growth-7.44%
EPS Growth-109.30%
CountryIN
Employees45,637
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.00
Shares Outstanding779,106,100
10 Day Avg. Volume111,459
30 Day Avg. Volume109,569
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)0.82
Price to Sales (P/S)0.95
P/FCF Ratio-6.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹919.00Price Target Upside11.40% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)10.19
Revenue Forecast (FY)₹252.34B
IndusInd Bank Ltd. Business Overview & Revenue Model
Company Description
IndusInd Bank Limited provides various banking products and services to individuals, NRIs, business owners, corporates, and government and financial institutions. It operates through four segments: Treasury, Corporate/Wholesale Banking, Retail Ban...
How the Company Makes Money
IndusInd Bank generates revenue primarily through interest income, which comes from loans issued to customers and advances against securities. The bank lends to various sectors including retail, commercial, and MSMEs, earning interest on these loa...
IndusInd Bank Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
65
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 539.54B | 561.33B | 545.98B | 442.43B | 378.65B | 348.90B |
| Gross Profit | 179.12B | 264.97B | 294.65B | 254.68B | 220.43B | 194.19B |
| EBITDA | -9.32B | 40.58B | 124.42B | 103.39B | 67.85B | 42.57B |
| Net Income | -7.59B | 25.76B | 89.77B | 74.43B | 48.05B | 29.30B |
Balance Sheet | ||||||
| Total Assets | 5.27T | 5.54T | 5.15T | 4.58T | 4.02T | 3.63T |
| Cash, Cash Equivalents and Short-Term Investments | 397.78B | 593.75B | 369.07B | 567.77B | 685.85B | 566.10B |
| Total Debt | 453.50B | 537.04B | 687.07B | 1.56T | 1.46T | 1.44T |
| Total Liabilities | 4.62T | 4.89T | 4.52T | 4.03T | 3.51T | 3.19T |
| Stockholders Equity | 650.58B | 648.36B | 632.08B | 550.05B | 480.26B | 469.91B |
Cash Flow | ||||||
| Free Cash Flow | 99.71B | -87.30B | -176.55B | -130.13B | 162.58B | 446.35B |
| Operating Cash Flow | 103.43B | -79.99B | -169.25B | -124.42B | 166.72B | 449.76B |
| Investing Cash Flow | -3.62B | -7.09B | -7.11B | -5.60B | -4.06B | -3.31B |
| Financing Cash Flow | -296.14B | 311.52B | -22.42B | 11.15B | 331.77B | -40.96B |
IndusInd Bank Ltd. Technical Analysis
Negative
824.95
Price Trends
897.46
Negative
873.10
Negative
832.84
Negative
Market Momentum
-31.66
Positive
35.63
Neutral
37.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDUSINDBK, the sentiment is Negative. The current price of 824.95 is below the 20-day moving average (MA) of 862.92, below the 50-day MA of 897.46, and below the 200-day MA of 832.84, indicating a bearish trend. The MACD of -31.66 indicates Positive momentum. The RSI at 35.63 is Neutral, neither overbought nor oversold. The STOCH value of 37.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDUSINDBK.
IndusInd Bank Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹659.91B | 5.82 | ― | 2.87% | 14.34% | 20.97% | |
69 Neutral | ₹1.17T | 8.96 | ― | 2.07% | 9.74% | 12.56% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
68 Neutral | ₹568.60B | 17.71 | ― | ― | 5.15% | 52.75% | |
65 Neutral | ₹688.15B | 14.17 | ― | 2.08% | 11.31% | 37.17% | |
62 Neutral | ₹616.94B | 131.74 | ― | 1.95% | -7.44% | -109.30% | |
55 Neutral | ₹769.40B | 61.88 | ― | 0.13% | -42.13% | 48.75% |
* Financial Sector Average
IN:INDUSINDBK
IndusInd Bank Ltd.
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109.10
15.98%
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IndusInd Bank Ltd. Corporate Events
IndusInd Bank Withdraws from Scheduled London Investor Meet
Mar 1, 2026
IndusInd Bank has informed stock exchanges that it will not participate in the analysts and institutional investors meet organized by Jefferies India in London, which was originally scheduled for March 2–3, 2026. The cancellation, attributed...
IndusInd Bank Engages Global Investors at Kotak Flagship Conference
Feb 23, 2026
IndusInd Bank Limited has disclosed that it participated in the Kotak Flagship Conference, Chasing Growth 2026, held in Mumbai on February 23, 2026, engaging in both one-on-one and group meetings with a broad spectrum of global and domestic instit...
IndusInd Bank Publishes Unaudited Q3 and Nine-Month FY26 Results in Newspapers
Jan 24, 2026
IndusInd Bank Ltd. has notified the stock exchanges that it has published newspaper advertisements containing its unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025. The disclosure, made...
IndusInd Bank Publishes Audio Recording of Q3 FY26 Earnings Call Online
Jan 23, 2026
IndusInd Bank has announced that the audio recording of its earnings call with analysts and investors, held on January 23, 2026, to discuss the unaudited consolidated and standalone financial results for the quarter and nine months ended December ...
IndusInd Bank Reports Decline in Loan Book, Modest Deposit Growth in Q3 FY25 Update
Jan 5, 2026
IndusInd Bank has reported key provisional business figures under SEBI disclosure norms, indicating a year-on-year contraction in its loan book and a modest decline in deposits, alongside a stable but slightly improving CASA ratio quarter-on-quart...
IndusInd Bank Assigned ESG Score of 72 by SES ESG Research
Jan 2, 2026
IndusInd Bank Limited has received an Environmental, Social and Governance (ESG) rating of 72 for FY 2025 from SES ESG Research Private Limited, which evaluated the bank independently using publicly available information. The rating, assigned on J...
IndusInd Bank Clarifies SFIO Probe Triggered by Mandatory Regulatory Reporting
Dec 18, 2025
IndusInd Bank has clarified that recent media reports about being under investigation by the Serious Fraud Investigation Office (SFIO) stem from regulatory requirements mandating banks to report frauds above ₹1 crore to the SFIO in a prescri...
RBI Approves HDFC Bank’s Stake Acquisition in IndusInd Bank
Dec 16, 2025
The Reserve Bank of India has approved HDFC Bank Limited to acquire up to 9.50% of IndusInd Bank’s paid-up share capital or voting rights. This approval is contingent on compliance with various regulations, and HDFC Bank must complete the ac...
IndusInd Bank Denies Strategic Partner Talks Amidst Market Speculation
Dec 4, 2025
IndusInd Bank Ltd. clarified that there are no ongoing discussions to onboard a strategic partner, despite recent media reports suggesting otherwise. The bank emphasized its well-capitalized status and commitment to its strategic growth roadmap, r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.