IndusInd Bank Ltd. (IN:INDUSINDBK)
:INDUSINDBK
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IndusInd Bank Ltd.
(INDUSINDBK)
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Rating:62Neutral
Price Target:
₹798.00
▼(-6.46% Downside)
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
Diversified business model
A broad footprint across retail, SME, corporate and institutional segments plus branch and digital channels supports multiple durable revenue streams (net interest and fee income). This diversification reduces concentration risk and sustains earnings through economic cycles over months to years.
Negative Factors
Negative operating cash flow & FCF
Persistent negative operating cash flow and free cash flow constrain internal funding for growth, capital returns and buffers against stress. Reliance on external financing raises liquidity and refinancing risk, limiting financial flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
A broad footprint across retail, SME, corporate and institutional segments plus branch and digital channels supports multiple durable revenue streams (net interest and fee income). This diversification reduces concentration risk and sustains earnings through economic cycles over months to years.
Read all positive factors
IndusInd Bank Ltd. (INDUSINDBK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹654.33B
Dividend Yield1.95%
Average Volume (3M)109.57K
Price to Earnings (P/E)131.7
Beta (1Y)1.27
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
₹889.40Price Target Upside4.25% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)46.05
Revenue Forecast (FY)₹274.47B
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
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
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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹4.21T | 14.05 | ― | 0.08% | 6.08% | -7.26% | |
75 Outperform | ₹12.46T | 19.24 | ― | 1.10% | 1.30% | 3.86% | |
73 Outperform | ₹9.65T | 19.14 | ― | 0.81% | 14.32% | 11.36% | |
68 Neutral | ₹3.80T | 22.23 | ― | ― | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
68 Neutral | ₹607.51B | 17.71 | ― | ― | 5.15% | 52.75% | |
62 Neutral | ₹654.33B | 131.74 | ― | 1.95% | -7.44% | -109.30% |
* Financial Sector Average
IN:INDUSINDBK
IndusInd Bank Ltd.
853.15
25.10
3.03%
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IndusInd Bank Ltd. Corporate Events
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...
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...
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.