IndusInd Bank Ltd. (INDUSINDBK) AI Stock Analysis

• Market Cap: ₹615.08B
• Dividend Yield: 1.92%
• Average Volume (3M): 109.57K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.27
• Revenue Growth: -7.44%
• EPS Growth: -109.30%
• Country: IN
• Employees: 45,637
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): -5.71
• Shares Outstanding: 779,076,000
• 10 Day Avg. Volume: 111,459
• 30 Day Avg. Volume: 109,569
• PEG Ratio: -0.29
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.94
• P/FCF Ratio: -6.09
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹777.00
• Price Target Upside: -9.47% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹916.00 ▲(6.72% Upside)

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

Revenue Growth

Steady revenue growth over five years indicates strong market demand and effective business strategies, supporting long-term expansion.

Profitability Improvement

Improved net profit margins highlight enhanced operational efficiency and cost control, contributing to sustainable profitability.

Asset Base

A strong asset base provides financial stability and the capacity to support future growth and investment opportunities.

Negative Factors

Operational Inefficiencies

Operational inefficiencies can hinder profitability and growth, requiring strategic improvements to enhance long-term performance.

Cash Flow Challenges

Negative free cash flow suggests liquidity issues, which could limit the bank's ability to invest in growth and manage financial obligations.

High Leverage

High leverage can increase financial risk, necessitating careful management to ensure long-term financial health and stability.

IndusInd Bank Ltd. Business Overview & Revenue Model

Company Description

IndusInd Bank Ltd. is a prominent private sector bank headquartered in Mumbai, India. Established in 1994, the bank offers a wide range of financial products and services, including commercial banking, retail banking, and wealth management. It serves a diverse customer base, including individuals, small and medium enterprises (SMEs), and large corporations. The bank operates through a network of branches and ATMs across India and provides services such as savings and current accounts, loans, credit cards, insurance, and investment products.

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 loans. Additionally, the bank earns fee-based income from services such as account maintenance, transaction fees, and commissions on financial products. Asset management and investment advisory services also contribute to its revenue. The bank has established partnerships with various financial institutions and technology companies to enhance its service offerings and customer reach, which further bolsters its earnings. The growth in digital banking services has also opened new avenues for revenue generation through digital transactions and online services.

IndusInd Bank Ltd. Financial Statement Overview

Summary

IndusInd Bank Ltd. demonstrates strong revenue growth and improved profitability, despite challenges in operational efficiency and cash flow management. The balance sheet reflects a sound asset base but with high leverage typical of the banking industry. Continued focus on improving cash flows and operational efficiency will be crucial for sustaining growth and stability.

Income Statement

IndusInd Bank Ltd. has shown a steady revenue growth, with the total revenue increasing from 185 billion in 2020 to 563 billion in 2025. The gross profit margin has maintained a strong position, although it has declined from its peak in 2020. The net profit margin has improved over the years, indicating better cost management and profitability. However, EBIT and EBITDA margins have shown fluctuations, suggesting some operational challenges.

Balance Sheet

The bank has a robust asset base with significant growth in total assets, reaching over 5 trillion. The debt-to-equity ratio shows a relatively high leverage, which is common in the banking sector but warrants careful management. The equity ratio has remained stable, indicating a solid capital structure. Return on equity has improved, reflecting enhanced shareholder returns.

Cash Flow

Cash flows have been volatile, with a negative operating cash flow in recent years. The free cash flow has been consistently negative, indicating potential liquidity challenges. The operating cash flow to net income ratio is concerning, as it suggests operational inefficiencies. Despite these issues, the bank has managed its financing activities effectively to support its capital needs.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	555.66B	561.33B	545.98B	442.43B	378.65B	348.90B
Gross Profit	236.24B	264.97B	294.65B	254.68B	220.43B	194.19B
EBITDA	87.70B	40.58B	124.42B	103.39B	67.85B	42.57B
Net Income	10.09B	25.76B	89.77B	74.43B	48.05B	29.30B
Balance Sheet
Total Assets	0.00	5.54T	5.15T	4.58T	4.02T	3.63T
Cash, Cash Equivalents and Short-Term Investments	0.00	593.75B	369.07B	567.77B	685.85B	566.10B
Total Debt	0.00	537.04B	687.07B	1.56T	1.46T	1.44T
Total Liabilities	-648.36B	4.89T	4.52T	4.03T	3.51T	3.19T
Stockholders Equity	648.36B	648.36B	632.08B	550.05B	480.26B	469.91B
Cash Flow
Free Cash Flow	0.00	-87.30B	-176.55B	-130.13B	162.58B	446.35B
Operating Cash Flow	0.00	-79.99B	-169.25B	-124.42B	166.72B	449.76B
Investing Cash Flow	0.00	-7.09B	-7.11B	-5.60B	-4.06B	-3.31B
Financing Cash Flow	0.00	311.52B	-22.42B	11.15B	331.77B	-40.96B

IndusInd Bank Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 858.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 858.3 is above the 20-day moving average (MA) of 831.22, above the 50-day MA of 783.46, and above the 200-day MA of 811.76, indicating a bullish trend. The MACD of 19.83 indicates Positive momentum. The RSI at 65.13 is Neutral, neither overbought nor oversold. The STOCH value of 73.58 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IDBI	76 Outperform	₹1.08T	11.62	―	2.06%	11.31%	37.17%
BANKINDIA	74 Outperform	₹646.71B	6.71	―	2.75%	14.34%	20.97%
INDIANB	74 Outperform	₹1.17T	10.42	―	1.86%	9.74%	12.56%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
YESBANK	68 Neutral	₹719.42B	25.35	―	―	5.15%	52.75%
INDUSINDBK	62 Neutral	₹615.08B	-80.67	―	1.92%	-7.44%	-109.30%
ICICIPRULI	55 Neutral	₹878.79B	67.19	―	0.14%	-42.13%	48.75%

IndusInd Bank Ltd. Corporate Events

IndusInd Bank Reports Q2 FY26 Financial Results

IndusInd Bank Limited has published its unaudited financial results for the quarter and half-year ending September 30, 2025. The bank reported a net profit of 167 crores for the first half of the fiscal year, with notable financial metrics such as a Net Interest Income of 4,409 crores and a Capital Adequacy Ratio of 17.10%. Despite a decrease in net profit compared to the previous year, the bank maintains a strong position with a low Non-Performing Asset ratio and a healthy liquidity coverage ratio, reflecting its robust financial health and stability.

IndusInd Bank Releases Earnings Call Audio for Investor Transparency

IndusInd Bank Limited has announced the availability of the audio recording of its earnings call, which discussed the unaudited financial results for the quarter and half-year ending September 30, 2025. This move enhances transparency and allows stakeholders, including analysts and investors, to access detailed financial insights, potentially impacting the bank’s market perception and investor relations.

IndusInd Bank Concludes 31st AGM with Key Business Resolutions

IndusInd Bank Limited held its 31st Annual General Meeting on August 29, 2025, where various business matters were addressed as per the meeting notice. The bank has submitted the scrutinizer’s report and consolidated e-voting results to the stock exchanges and uploaded them on its website. This meeting and its outcomes are part of the bank’s regulatory compliance and transparency efforts, which are crucial for maintaining investor confidence and adhering to SEBI regulations.

IndusInd Bank Conducts 31st AGM with Full Attendance

IndusInd Bank Limited held its 31st Annual General Meeting on August 29, 2025, at the Hotel Sheraton Grand in Pune, Maharashtra. The meeting was attended by all directors of the bank, including the Chairman Mr. Sunil Mehta, and 276 members, meeting the requisite quorum as per the Companies Act, 2013. The AGM proceedings were conducted in accordance with the SEBI regulations, and the details have been made available on the bank’s website. This meeting highlights the bank’s commitment to transparency and regulatory compliance, reinforcing its stable position in the financial sector.

IndusInd Bank Appoints New Joint Statutory Auditors

IndusInd Bank Limited has announced a change in its joint statutory auditors, with M/s. Borkar & Muzumdar being appointed to replace M/s M S K A & Associates following the completion of their three-year term. This change, approved at the bank’s 31st Annual General Meeting and pending annual approval from the Reserve Bank of India, is expected to bring new expertise to the bank’s financial oversight, potentially impacting its operational efficiency and stakeholder confidence.

IndusInd Bank Appoints New Secretarial Auditor

IndusInd Bank Limited has announced the appointment of M/s. Alwyn Jay & Co. as its Secretarial Auditor for a five-year term starting from the financial year 2025-26. This appointment, approved at the bank’s 31st Annual General Meeting, underscores the bank’s commitment to maintaining high standards of corporate governance and compliance. M/s. Alwyn Jay & Co. is a well-regarded firm specializing in secretarial audits and corporate governance, which will enhance the bank’s regulatory adherence and stakeholder confidence.

IndusInd Bank Appoints Rajiv Anand as New CEO

IndusInd Bank Limited has appointed Mr. Rajiv Anand as the Managing Director and CEO, effective from August 29, 2025, following approval at the 31st Annual General Meeting. Mr. Anand, previously Deputy Managing Director at Axis Bank, brings extensive experience in wholesale banking and digital transformation, positioning IndusInd Bank for strategic growth and enhanced market competitiveness over his three-year term.

IndusInd Bank’s Credit Ratings Affirmed by CRISIL with Negative Outlook

IndusInd Bank Limited announced that CRISIL Ratings Limited has reaffirmed the credit ratings on its debt instruments at ‘CRISIL AA+’ with a negative outlook, while removing the rating watch with negative implications. This development reflects the bank’s current financial standing and may influence stakeholder perceptions and market positioning, particularly in terms of its debt instruments and overall creditworthiness.

IndusInd Bank Withdraws from Equirus Annual India Conference

IndusInd Bank Limited announced the cancellation of its participation in the ‘Equirus Annual India Conference’25’ scheduled for August 19, 2025, due to unavoidable circumstances. This development may impact the bank’s engagement with analysts and institutional investors, potentially affecting its market positioning and stakeholder relations.