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IndusInd Bank Ltd.
(INDUSINDBK)
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Rating:50Neutral
Price Target:
₹1,017.00
▲(19.21% Upside)
Action:Reiterated
Date:08/06/26
The score is held down primarily by weakened recent financial performance (sharp margin/earnings compression and volatile cash flows), with some offset from a safer balance-sheet profile. Technicals are moderately supportive (price above key moving averages and positive MACD), but valuation is a headwind due to a high P/E and minimal dividend yield.
Positive Factors
Improved leverage
IndusInd's material reduction in leverage to ~0.65x is a durable strengthening of its capital structure. Lower debt-to-equity reduces funding and solvency risk, expands loan-loss absorption capacity, and gives management more flexibility to support lending or absorb shocks over the next several quarters.
Negative Factors
Profitability deterioration
A steep margin compression to ~1.7% signals weakened core earnings power. Sustained lower margins reduce internal capital generation, constrain ROE recovery and limit ability to reinvest in growth or absorb credit shocks without relying on external funding over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
IndusInd's material reduction in leverage to ~0.65x is a durable strengthening of its capital structure. Lower debt-to-equity reduces funding and solvency risk, expands loan-loss absorption capacity, and gives management more flexibility to support lending or absorb shocks over the next several quarters.
Read all positive factors
IndusInd Bank Ltd. (INDUSINDBK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹782.33B
Dividend Yield0.15%
Average Volume (3M)109.57K
Price to Earnings (P/E)60.0
Beta (1Y)1.38
Revenue Growth-6.52%
EPS Growth31.06%
CountryIN
Employees46,778
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)16.97
Shares Outstanding779,132,750
10 Day Avg. Volume111,459
30 Day Avg. Volume109,569
Financial Highlights & Ratios
PEG Ratio-1.01
Price to Book (P/B)0.89
Price to Sales (P/S)1.10
P/FCF Ratio53.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,035.00Price Target Upside21.32% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)52.18
Revenue Forecast (FY)₹267.02B
IndusInd Bank Ltd. Business Overview & Revenue Model
Company Description
IndusInd Bank Limited provides various banking products and financial services to individuals, corporations, government entities, and public sector undertakings in India. It operates in four segments: Treasury, Corporate/Wholesale Banking, Retail ...
How the Company Makes Money
IndusInd Bank primarily earns money through (1) net interest income and (2) fee and other non-interest income. Net interest income is generated from the spread between interest earned on assets (such as retail loans, vehicle finance, MSME/corporat...
IndusInd Bank Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 521.56B | 534.80B | 562.90B | 545.98B | 442.43B | 378.65B |
| Gross Profit | 193.88B | 172.42B | 266.53B | 294.65B | 254.68B | 220.43B |
| EBITDA | 20.72B | 17.74B | 40.58B | 124.42B | 103.39B | 67.85B |
| Net Income | 13.22B | 8.89B | 25.76B | 89.77B | 74.43B | 48.05B |
Balance Sheet | ||||||
| Total Assets | 5.55T | 5.43T | 5.54T | 5.15T | 4.58T | 4.02T |
| Cash, Cash Equivalents and Short-Term Investments | 666.01B | 489.32B | 593.75B | 369.07B | 567.77B | 685.85B |
| Total Debt | 438.64B | 427.89B | 537.04B | 687.07B | 1.56T | 1.46T |
| Total Liabilities | 4.88T | 4.78T | 4.89T | 4.52T | 4.03T | 3.51T |
| Stockholders Equity | 668.28B | 657.40B | 648.36B | 632.08B | 550.05B | 480.26B |
Cash Flow | ||||||
| Free Cash Flow | 99.71B | 11.05B | -87.30B | -176.55B | -130.13B | 162.58B |
| Operating Cash Flow | 103.43B | 17.97B | -79.99B | -169.25B | -124.42B | 166.72B |
| Investing Cash Flow | -3.62B | 94.94B | -7.09B | -7.11B | -5.60B | -4.06B |
| Financing Cash Flow | -296.14B | -218.43B | 311.52B | -22.42B | 11.15B | 331.77B |
IndusInd Bank Ltd. Technical Analysis
Positive
853.15
Price Trends
992.04
Positive
935.61
Positive
903.65
Positive
Market Momentum
4.20
Positive
53.45
Neutral
25.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDUSINDBK, the sentiment is Positive. The current price of 853.15 is below the 20-day moving average (MA) of 1013.44, below the 50-day MA of 992.04, and below the 200-day MA of 903.65, indicating a bullish trend. The MACD of 4.20 indicates Positive momentum. The RSI at 53.45 is Neutral, neither overbought nor oversold. The STOCH value of 25.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INDUSINDBK.
IndusInd Bank Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹10.18T | 18.05 | ― | 0.76% | 5.08% | 4.84% | |
70 Outperform | ₹11.21T | 14.19 | ― | 2.09% | 1.75% | 11.25% | |
69 Neutral | ₹4.01T | 19.68 | ― | ― | 5.94% | 7.82% | |
62 Neutral | ₹3.88T | 13.82 | ― | 0.08% | 4.10% | -0.66% | |
56 Neutral | ₹714.07B | 18.99 | ― | ― | 0.75% | 37.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹782.33B | 60.01 | ― | 1.95% | -6.52% | 31.06% |
* General Sector Average
IN:INDUSINDBK
IndusInd Bank Ltd.
1,017.20
246.45
31.98%
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IndusInd Bank Ltd. Corporate Events
IndusInd Bank Sets August 27 AGM, Details Dividend and Capital-Raising Plans
Aug 5, 2026
IndusInd Bank has scheduled its 32nd Annual General Meeting for August 27, 2026, to be conducted via video conferencing, and has circulated the AGM notice and Integrated Annual Report for FY 2025-26 to eligible shareholders electronically. The doc...
IndusInd Bank Publishes FY 2025-26 Business Responsibility and Sustainability Report
Aug 5, 2026
IndusInd Bank has released its Business Responsibility and Sustainability Report (BRSR) for financial year 2025-26, detailing its ESG-related disclosures on a standalone basis and complying with SEBI’s listing and disclosure requirements. Th...
RBI clears appointment of two new Executive Directors at IndusInd Bank
Aug 4, 2026
IndusInd Bank has received approval from the Reserve Bank of India to appoint senior executives Ganesh Sankaran and Jagdeep Mallareddy as Executive Directors for a three-year term from August 4, 2026 to August 3, 2029. The appointments, previously...
IndusInd Bank Grants ESOPs to Key Employees
Jul 21, 2026
IndusInd Bank Ltd. is an Indian private sector bank offering a range of retail and corporate banking services, including deposits, loans and other financial products, with its shares listed on the National Stock Exchange of India and BSE. The bank...
IndusInd Bank Promoters Release Pledged Shares After Refinancing Debt
Jul 2, 2026
IndusInd Bank has disclosed to Indian and Luxembourg exchanges that its promoters, IndusInd International Holdings Ltd. and IndusInd Ltd., have reported changes in the encumbrance status of their shareholding under SEBI’s takeover regulation...
IndusInd Bank details investor meetings at ICICI India Investor Conference 2026
Jun 8, 2026
IndusInd Bank has disclosed that it participated in the ICICI India Investor Conference 2026 in Mumbai, where it held one-on-one and group meetings with a range of institutional investors and asset managers. The bank emphasized that only informati...
IndusInd Bank details analyst meet at Citi India Conference 2026
Jun 4, 2026
IndusInd Bank has disclosed the outcome of an analyst and institutional investor meet held on 4 June 2026 in Mumbai, conducted as part of the Citi India Conference 2026 through one-on-one and group interactions. The bank emphasized that only publi...
IndusInd Bank Issues New Shares Under Employee Stock Option Scheme
May 28, 2026
IndusInd Bank has allotted 21,760 equity shares with a face value of Rs.10 each to employees who exercised options under its Employee Stock Option Scheme, reflecting the bank’s ongoing use of equity-based compensation to align staff interest...
IndusInd Bank Partners HYROX Mumbai to Boost Fitness-Focused Brand Push
May 11, 2026
IndusInd Bank has partnered with Masters’ Union HYROX Mumbai as the sole banking partner for the city’s edition of the global HYROX fitness race, to be held from September 18–20, 2026. The bank will provide its customers with cur...
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.