IndusInd Bank Ltd. (IN:INDUSINDBK)
:INDUSINDBK
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IndusInd Bank Ltd.
(INDUSINDBK)
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Rating:48Neutral
Price Target:
₹840.00
▼(-1.54% Downside)
Action:ReiteratedDate: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
De-risked balance sheet (lower leverage)
Material de‑leveraging to ~0.65x is a durable improvement in solvency and funding flexibility. Lower leverage reduces regulatory and refinancing risk, supports higher lending capacity and resilience through economic cycles, and gives management room to fund growth or shore up reserves.
Negative Factors
Sharp profitability deterioration
A pronounced margin compression to ~1.7% reflects weaker core profitability and reduces the bank's ability to build capital organically. Persistent margin pressure would limit earnings retention, slow ROE recovery and constrain strategic investments or dividend capacity over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked balance sheet (lower leverage)
Material de‑leveraging to ~0.65x is a durable improvement in solvency and funding flexibility. Lower leverage reduces regulatory and refinancing risk, supports higher lending capacity and resilience through economic cycles, and gives management room to fund growth or shore up reserves.
Read all positive factors
IndusInd Bank Ltd. (INDUSINDBK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹740.03B
Dividend Yield1.95%
Average Volume (3M)109.57K
Price to Earnings (P/E)24.7
Beta (1Y)1.26
Revenue Growth-5.11%
EPS Growth-65.49%
CountryIN
Employees45,637
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)-9.75
Shares Outstanding779,106,100
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
₹911.75Price Target Upside6.87% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)47.27
Revenue Forecast (FY)₹269.91B
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 primarily earns money through (1) net interest income and (2) non-interest (fee and other) income. Net interest income is generated by taking deposits (such as savings, current, and term deposits) and other borrowings at a cost, then...
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 | 539.54B | 534.80B | 561.33B | 545.98B | 442.43B | 378.65B |
| Gross Profit | 179.12B | 172.42B | 264.97B | 294.65B | 254.68B | 220.43B |
| EBITDA | -9.32B | 17.74B | 40.58B | 124.42B | 103.39B | 67.85B |
| Net Income | -7.59B | 8.89B | 25.76B | 89.77B | 74.43B | 48.05B |
Balance Sheet | ||||||
| Total Assets | 5.27T | 5.43T | 5.54T | 5.15T | 4.58T | 4.02T |
| Cash, Cash Equivalents and Short-Term Investments | 397.78B | 489.32B | 593.75B | 369.07B | 567.77B | 685.85B |
| Total Debt | 453.50B | 427.89B | 537.04B | 687.07B | 1.56T | 1.46T |
| Total Liabilities | 4.62T | 4.78T | 4.89T | 4.52T | 4.03T | 3.51T |
| Stockholders Equity | 650.58B | 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
872.96
Negative
871.74
Negative
831.51
Positive
Market Momentum
-7.76
Negative
54.10
Neutral
92.50
Negative
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 above the 20-day moving average (MA) of 810.77, below the 50-day MA of 872.96, and above the 200-day MA of 831.51, indicating a neutral trend. The MACD of -7.76 indicates Negative momentum. The RSI at 54.10 is Neutral, neither overbought nor oversold. The STOCH value of 92.50 is Negative, 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 (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹9.07T | 14.62 | ― | 0.81% | 5.95% | 4.84% | |
69 Neutral | ₹3.95T | 12.19 | ― | 0.08% | 4.04% | -6.26% | |
69 Neutral | ₹12.03T | 13.83 | ― | 1.10% | 5.21% | 6.67% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ₹3.79T | 18.22 | ― | ― | 0.64% | -12.87% | |
60 Neutral | ₹719.55B | 12.68 | ― | ― | 0.59% | 42.80% | |
48 Neutral | ₹740.03B | 24.65 | ― | 1.95% | -5.11% | -65.49% |
* Financial Sector Average
IN:INDUSINDBK
IndusInd Bank Ltd.
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IndusInd Bank Ltd. Corporate Events
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 ...
IndusInd Bank Posts Lower Advances but Builds Retail and Small Business Deposits
Apr 4, 2026
IndusInd Bank Ltd. has disclosed key provisional operating figures for the quarter ended March 31, 2026, in line with SEBI’s disclosure norms, highlighting trends in advances and deposits. The bank reported net advances of Rs. 3,15,154 crore...
IndusInd Bank Announces Special Window for Physical Share Transfer Requests
Apr 3, 2026
IndusInd Bank has notified stock exchanges that it has published newspaper advertisements announcing a special window for re-lodgement of transfer requests for physical shares. The notice, carried in Financial Express and Loksatta on April 3, 2026...
IndusInd Bank Announces Senior Management Changes Following Superannuation
Mar 31, 2026
IndusInd Bank has announced changes in its senior management, stating that Sanjeev Anand and Vivek Bajpeyi have ceased to be senior management personnel effective at the close of business on March 31, 2026. Both executives retired from the bank on...
IndusInd Bank denies receiving SFIO summons for staff in ongoing accounting probe
Mar 30, 2026
IndusInd Bank has clarified that it has not received any communication from the Serious Fraud Investigation Office regarding the summoning of its employees, despite a media report claiming that former top executives were called in an accounting pr...
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...
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.