On 6 Nov 2026, IndusInd Bank was priced at ₹910.25, or 23.7× trailing earnings, and the shares are 16% below their 52-week high. Net profit fell 51% a year over 3 years; its ROE of 4.5% is the lowest among the 7 largest Banks (Regional) peers. ROCE and debt-to-equity are not meaningful for banks and lenders; it trades at 1.04× book value and its dividend yield is 0.2%. It is a mid-cap company with a market cap of ₹70,922 Cr, ranked 13th of 41 Banks (Regional) companies by market cap; the shares rose 15% over the past year.
- ₹907.85
- ₹928.40
- ₹881.35
- ₹911.45
- 80.4 L
Health check
- ReturnsAhead
+15.3% over a year, better than 6 of 7 peers.
- Price tagCheaper
P/B 1.04 vs peer median 1.78.
- GrowthShrinking
Profit −50.7% a year over 3 years.
- ProfitabilityWeak
ROE 4.5% vs peer median 14.7%.
- Balance sheetThin
Return on assets 0.54%. Bad-loan data isn’t covered.
- Red flags1 to check
Return on equity is low at 4.5%.
Mid cap
Defensive
Key metrics
- Market cap
- ₹70,922 Cr
- Mid cap
- P/E
- 23.7
- Industry 9.2
- Price to book
- 1.04
- Peers 1.78
- Dividend yield
- 0.16%
- ROE
- 4.5%
- Peers 14.7%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- ₹38.45
- Face value ₹10
- OPM (TTM)
- 29.5%
- Net margin 15.7%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 3.71
Strengths and risks
Risks to check
- Return on equity is low at 4.5%.
About IndusInd Bank
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 Banking, and Other Banking Operations. The company offers savings, salary, current, and uniformed personnel accounts; fixed, recurring, auto sweep, senior citizen fixed, and term deposits; vehicle, used and new…
- Headquarters
- Mumbai
- Employees
- 46,778
- Sector
- Financial Services
- ISIN
- INE095A01012
- Website
- indusind.bank.in
Price range
- Avg volume (3M)
- 21.3 L
- 1-year return
- plus 15.3%
- From 52-week high
- minus 15.5%
Analyst consensus
Next results expected around 21 Jan 2027
Peers · Banks - Regional
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HDFCBANKHDFC Bank | 788.25 | plus 3.72% | 12,16,451 | 17.2 | 2.00 | 11.0% | 1.7% | 12.5% | 1.65% | minus 22.9% |
| ICICIBANKICICI Bank | 1,571.20 | plus 4.75% | 11,28,255 | 19.3 | 2.89 | 16.5% | 2.1% | 16.8% | 0.76% | plus 12.2% |
| SBINState Bank of India | 1,018.50 | plus 1.20% | 9,40,138 | 10.4 | 1.40 | 14.7% | 1.2% | 14.4% | 1.70% | plus 5.1% |
| KOTAKBANKKotak Mahindra Bank | 480.00 | plus 2.78% | 4,77,498 | 22.2 | 2.45 | 11.8% | 2.1% | 8.9% | 0.14% | plus 11.4% |
| AXISBANKAxis Bank | 1,322.90 | plus 3.35% | 4,11,985 | 13.8 | 1.78 | 13.9% | 1.6% | 34.6% | 0.08% | plus 4.4% |
| PNBPunjab National Bank | 126.55 | plus 0.36% | 1,45,443 | 6.4 | 0.90 | 15.1% | 1.1% | 76.4% | 2.37% | plus 2.3% |
| UNIONBANKUnion Bank of India | 187.00 | minus 0.53% | 1,42,748 | 6.5 | 1.00 | 16.3% | 1.4% | 31.7% | 2.67% | plus 24.1% |
| INDUSINDBKIndusInd Bank | 910.25 | minus 0.13% | 70,922 | 23.7 | 1.04 | 4.5% | 0.5% | −50.7% | 0.16% | plus 15.3% |
| Median of 7 peers | – | 2.78% | 4,77,498 | 13.8 | 1.78 | 14.7% | 1.6% | 16.8% | 1.65% | 5.1% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 6,797 | 6,269 | 6,085 | 6,471 | 6,817 | |
| 7,624 | 6,811 | 6,634 | 6,625 | 7,227 | |
| 807 | 174 | 813 | 1,389 | 1,652 | |
| 25.2% | 26.4% | 26.9% | 25.3% | 24.8% | |
| 604 | 128 | 594 | 1,037 | 1,242 | |
| 7.75 | 1.59 | 7.62 | 13.31 | 15.93 |
Profit & loss
- Profit CAGR 3Y
- −50.7%
- EPS CAGR 3Y
- −50.8%
- ROE
- 4.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 25,468 | 29,465 | 26,497 | 25,128 | |
| – | +15.7% | minus 10.1% | minus 5.2% | |
| 18,776 | 25,132 | 29,636 | 28,268 | |
| 407 | 463 | 532 | 564 | |
| −2.8 | −3.1 | 2 | −1.6 | |
| 9,932 | 11,979 | 3,526 | 1,210 | |
| 25.1% | 25.1% | 27.0% | 26.5% | |
| 7,443 | 8,977 | 2,576 | 889 | |
| – | +20.6% | minus 71.3% | minus 65.5% | |
| 95.89 | 115.33 | 33.05 | 11.41 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 776 | 778 | 779 | 779 | |
| 54,229 | 62,429 | 64,057 | 64,961 | |
| 49,011 | 47,611 | 53,704 | 42,789 | |
| 3,53,821 | 4,04,275 | 4,35,568 | 4,34,865 | |
| 4,57,837 | 5,15,094 | 5,54,107 | 5,43,394 | |
| 2,079 | 2,324 | 2,496 | 2,546 | |
| 135 | 197 | 188 | 126 | |
| 83,076 | 1,06,212 | 1,10,598 | 1,20,289 | |
| 56,777 | 42,392 | 64,980 | 63,909 | |
| 3,15,770 | 3,63,970 | 3,75,845 | 3,56,523 | |
| 4,57,837 | 5,15,094 | 5,54,107 | 5,43,394 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −12,442 | −16,925 | 18,278 | 993 | |
| −560 | −711 | −709 | −634 | |
| 1,115 | −2,242 | 4,876 | −10,912 | |
| −11,888 | −19,878 | 22,445 | −10,553 | |
| −571 | −730 | −731 | −692 | |
| −13,013 | −17,655 | 17,547 | 301 | |
| −659 | −1,086 | −1,285 | – |
Shareholding pattern
- Promoters15.82%
- Public84.18%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 15.82% | 84.18% | 0.00 | |
| 30 Jun 2026 | 15.82% | 84.18% | 0.00 | |
| 31 Mar 2026 | 15.82% | 84.18% | 0.00 | |
| 31 Dec 2025 | 15.82% | 84.18% | 0.00 | |
| 30 Sep 2025 | 15.82% | 84.18% | – |
Major shareholders
Filings & events
News
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