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IndusInd Bank Ltd.
(INDUSINDBK)
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Rating:48Neutral
Price Target:
₹1,004.00
▲(17.68% Upside)
Action:Reiterated
Date:04/27/26
The score is weighed down primarily by weakened recent profitability and inconsistent cash generation, partially offset by improved balance-sheet leverage. Technicals are mixed but not deteriorating (neutral RSI and positive MACD). Valuation is a key risk given the very high P/E.
Positive Factors
Improved leverage
A materially lower debt-to-equity ratio indicates meaningful de-risking of the balance sheet, reducing funding and solvency risk. This improves financial flexibility for lending and provisioning, and gives the bank durable capacity to withstand shocks and support growth without immediate capital strain.
Negative Factors
Profitability deterioration
A sharp and sustained margin compression undermines the bank's core earnings power. Lower net margins reduce internal capital generation, limit reinvestment in growth and technology, and increase sensitivity to credit or interest shocks, making recovery to prior ROE levels more challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
A materially lower debt-to-equity ratio indicates meaningful de-risking of the balance sheet, reducing funding and solvency risk. This improves financial flexibility for lending and provisioning, and gives the bank durable capacity to withstand shocks and support growth without immediate capital strain.
Read all positive factors
IndusInd Bank Ltd. (INDUSINDBK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹789.92B
Dividend Yield1.95%
Average Volume (3M)109.57K
Price to Earnings (P/E)90.0
Beta (1Y)1.40
Revenue Growth-5.11%
EPS Growth-65.49%
CountryIN
Employees44,974
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)11.41
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
₹923.33Price Target Upside8.23% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)46.33
Revenue Forecast (FY)₹268.78B
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 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 534.80B | 562.90B | 545.98B | 442.43B | 378.65B |
| Gross Profit | 172.42B | 266.53B | 294.65B | 254.68B | 220.43B |
| EBITDA | 17.74B | 40.58B | 124.42B | 103.39B | 67.85B |
| Net Income | 8.89B | 25.76B | 89.77B | 74.43B | 48.05B |
Balance Sheet | |||||
| Total Assets | 5.43T | 5.54T | 5.15T | 4.58T | 4.02T |
| Cash, Cash Equivalents and Short-Term Investments | 489.32B | 593.75B | 369.07B | 567.77B | 685.85B |
| Total Debt | 427.89B | 537.04B | 687.07B | 1.56T | 1.46T |
| Total Liabilities | 4.78T | 4.89T | 4.52T | 4.03T | 3.51T |
| Stockholders Equity | 657.40B | 648.36B | 632.08B | 550.05B | 480.26B |
Cash Flow | |||||
| Free Cash Flow | 11.05B | -87.30B | -176.55B | -130.13B | 162.58B |
| Operating Cash Flow | 17.97B | -79.99B | -169.25B | -124.42B | 166.72B |
| Investing Cash Flow | 94.94B | -7.09B | -7.11B | -5.60B | -4.06B |
| Financing Cash Flow | -218.43B | 311.52B | -22.42B | 11.15B | 331.77B |
IndusInd Bank Ltd. Technical Analysis
Positive
853.15
Price Trends
933.28
Positive
898.37
Positive
867.78
Positive
Market Momentum
26.75
Negative
63.99
Neutral
66.10
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 967.10, below the 50-day MA of 933.28, and below the 200-day MA of 867.78, indicating a bullish trend. The MACD of 26.75 indicates Negative momentum. The RSI at 63.99 is Neutral, neither overbought nor oversold. The STOCH value of 66.10 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹10.17T | 19.03 | ― | 0.81% | 5.95% | 4.84% | |
69 Neutral | ₹4.06T | 15.62 | ― | 0.08% | 4.04% | -6.26% | |
69 Neutral | ₹12.45T | 16.56 | ― | 1.10% | 5.21% | 6.67% | |
67 Neutral | ₹3.75T | 20.11 | ― | ― | 0.64% | -12.86% | |
60 Neutral | ₹745.75B | 21.27 | ― | ― | 0.59% | 42.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹789.92B | 90.03 | ― | 1.95% | -5.11% | -65.49% |
* General Sector Average
IN:INDUSINDBK
IndusInd Bank Ltd.
1,027.20
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18.24%
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IndusInd Bank Ltd. Corporate Events
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...
IndusInd Bank Revamps Senior Management Line-Up
Apr 30, 2026
IndusInd Bank has updated its roster of senior management personnel, naming key functionaries across core control and business functions including human resources, risk, compliance, finance, legal, technology, and markets. The revised list formali...
IndusInd Bank Publishes FY 2026 Audited Results in Newspapers
Apr 25, 2026
IndusInd Bank has announced that it has published newspaper advertisements of its audited consolidated and standalone financial results for the quarter and financial year ended March 31, 2026. The bank has also informed stock exchanges that these ...
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.