INDUSINDBK · NSE · Private Sector Bank
IndusInd Bank Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Mid Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
fair
low confidence
No valuation within 120 days; P/E 50.8 vs peers 17.3 (9th of 9); P/B 0.90 vs peers 1.1 (1st of 9).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is IndusInd Bank's share price today?
IndusInd Bank last traded at ₹853.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 1.0% on the day, up 13.4% over a year. Its 52-week range is ₹726 to ₹1,078. The live price is in the app.
₹853.00
−1.0% today
+13.4% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range36% of the way up
Low ₹726High ₹1,078
What is IndusInd Bank's market cap?
IndusInd Bank's market capitalisation is about ₹67,135 crore: what it would cost to buy every share at today's price. That makes it the 54th largest mid cap company we cover.
₹67,135 Cr
Mid Cap54th largest mid cap company
Share price₹853.00
×
Shares in issue79 crore
=
Market cap₹67,135 Cr
Mid Cap means the companies ranked 101 to 250 by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: INDUSINDBK
- ISIN
- INE095A01012
- Cap bucket
- Mid Cap, 54th largest by market cap
- Industry (NSE)
- Financial Services › Banks › Private Sector Bank
- Listed since
- 1998
- Futures and options
- Traded
Is IndusInd Bank overvalued?
Fair, with low confidence: no valuation within 120 days; P/E 50.8 vs peers 17.3 (9th of 9); P/B 0.90 vs peers 1.1 (1st of 9).
Valuation
Latest price and trailing 12 months
P/E
50.77
vs peers 17.3 · 9th of 9
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
0.90
vs peers 1.1 · 1st of 9
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹67,135 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
0.2%
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
12.63
vs peers 6.9 · 6th of 7
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
Not available
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is IndusInd Bank a quality business?
Quality score 16.7, 9th of 9 in its peer set; DANGER on 21 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
16.7
vs peers 49.0 · 9th of 9
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
DANGER
21 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: standalone accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is interest earned less expended over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances; ROA over average total assets; ROE over average equity; GNPA, NNPA, provision coverage, CET1 from the Jun-26 quarter filing
Net interest margin
4.0%
vs peers 4.0% · 5th of 9
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
3.2%
vs peers 1.5% · 9th of 9
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
0.9%
vs peers 0.3% · 9th of 9
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
71.4%
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
2.4%
vs peers 0.8% · 8th of 9
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
63.5%
vs peers 54.5% · 6th of 9
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
0.2%
vs peers 0.9% · 9th of 9
Profit as a share of average total assets. Learn more →
CET1 ratio
16.1%
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
-8.4%
vs peers 16.5% · 9th of 9
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
-2.6%
vs peers 12.7% · 9th of 9
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has IndusInd Bank made money for shareholders?
Mixed: +13.4% over one year and −4.1% a year over five years.
Shareholder returns
5-year return
−4.1% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
Yes
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
−2.8%1M
−9.9%3M
−14.9%6M
+5.2%1Y
+13.4%3Y
−14.5%5Y
−4.1%Does IndusInd Bank pay a dividend?
Yes. IndusInd Bank's dividend yield is 0.20% at the latest price; the last payout was ₹1.50 a share, ex-dividend 25 Jun 2026.
Dividends
Per share, by ex-dividend date
Dividend yield0.20%
The past 12 months' dividends as a share of today's price.
25 Jun 2026 · Final₹1.50
28 Jun 2024 · Final₹16.50
2 Jun 2023 · Final₹14.00
11 Aug 2022 · Final₹8.50
17 Aug 2021 · Final₹5.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is IndusInd Bank growing?
Loan growth -8.4%; deposit growth -2.6%; revenue 3 years 6.3% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
-8.4%
vs peers 16.5% · 9th of 9
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
-2.6%
vs peers 12.7% · 9th of 9
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
6.3% a year
vs peers 13.8% · 9th of 9
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
-50.8% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
6.4% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
-22.2% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did IndusInd Bank do last quarter?
IndusInd Bank reported income of ₹13,096 Cr, down 5.1% on a year earlier and a net profit of ₹1,037 Cr, down 65.5% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹13,096 Cr
−5.1% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹1,037 Cr
−65.5% on a year earlier
What was left for shareholders after every cost and tax.
How does IndusInd Bank compare with its peers?
Compared with 8 Private Sector Bank; 9th of 9 on P/E; 9th of 9 on quality score.
Compared with 8 Private Sector Bank
8 companies
IndusInd Bank against its peers
Largest 8 of 8 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
IndusInd Bank Ltd₹67,135 Cr50.80.91.4%+13.4%
Peer median—17.31.18.8%+24.8%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns IndusInd Bank?
IndusInd Bank is held by promoters 15.1%, foreign institutions 27.8%, domestic institutions 40.3%.
Shareholding pattern
Latest filing, percent of shares
Promoters15.1%
The founders and controlling group.
Foreign institutions27.8%
Overseas funds investing through the FPI route.
Domestic institutions40.3%
Indian insurers, banks, pension and mutual funds together.
Mutual funds28.9%
Indian mutual fund schemes; part of domestic institutions.
Retail and others6.2%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about IndusInd Bank?
36 analysts cover IndusInd Bank, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
36 analysts
ConsensusHold
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does IndusInd Bank do and what is it sensitive to?
IndusInd Bank Limited reports its business as banking activities by commercial banks, spanning microfinance, vehicle finance, diamond banking and corporate solutions. Sensitive to: policy interest rates.
Business-model card
FY2026 · 55 verified
6Revenue
5Channels
3Regulators
5Reg. dependencies
6Sensitivities
5Costs
4Geographies
IndusInd Bank Limited reports its business as banking activities by commercial banks, spanning microfinance, vehicle finance, diamond banking and corporate solutions. It serves individuals, corporations, government entities and public sector undertakings, and earns through lending, deposit taking, treasury activity and fee income such as bancassurance commissions.
Revenue by segment
Year ended March 31, 2026 (consolidated, from chunk 7)
Treasury18.2%
Corporate/ Wholesale Banking18.9%
Retail Banking - Digital Banking5.1%
Retail Banking - Other Retail Banking57.8%
Other Banking Operation0.0%
Revenue engine
6 verified
Corporate / Wholesale Banking segment
Lending, deposit taking and other services to corporate customers, reported as one of four business segments.
Retail Banking segment
Lending, deposit taking and other services to retail customers. The RBI-identified Digital Banking sub-segment sits inside this segment.
Treasury segment
Investments, financial markets activity on behalf of customers, proprietary trading, reserve maintenance and resource mobilisation from other banks and financial institutions.
3 more statements
Other Banking Operations segment
Third-party product distribution through branches, custody, clearing and demat operations, which earns distribution-type fees.
Bancassurance fee income
Commission, exchange and brokerage includes fees on selling life and non-life insurance policies. Stated totals are 959.70 crore (year ended March 2026) and 1,268.37 crore (year ended March 2025). Interpretation: the fee income fell year on year.
Marketing and distribution fees
Fees for mutual funds, sovereign gold bonds, alternative products, third-party portfolio management, equity broking and other marketing. Stated total is 73.62 crore (year ended March 2026) and 111.82 crore (year ended March 2025).
Customers & channels
5 verified
Rural borrowers
Microfinance and rural credit customers reached through the Bank's own branches and the field infrastructure of the group company BFIL.
Commercial vehicle operators
Vehicle-finance borrowers with irregular cash flows, asset-backed repayment capacity and strong collateral but limited formal documentation, underwritten with models built over 30+ years.
Digitally acquired retail clients
Clients acquired through the direct digital model, with acquisition cost described as lower than offline acquisition.
2 more statements
Banks and financial institutions
Financial Institutions Group relationships with domestic and international banks, DFIs, ECAs and multilateral institutions, which generate correspondent banking and FI portfolio income.
Individuals, corporations and government entities
Group of clients the Bank says it serves, from retail to large corporates, government entities and public sector undertakings.
Regulators
3 verified
Reserve Bank of India (RBI)
Governs commercial banking under the Banking Regulation Act and sets the repo rate, the policy rate that drives the Bank's funding and lending pricing.
RBI banking and foreign exchange law
The Bank states compliance with the Banking Regulation Act, 1949 and the Foreign Exchange Management Act, 1999 as governing its commercial banking and FX activity.
Insurance and pension regulators (IRDAI, PFRDA)
Interpretation: these named supervisory authorities relate to the Bank's bancassurance and third-party distribution fee lines, though the excerpt does not link them explicitly to those lines.
Regulatory dependencies
5 verified
RBI repo rate cuts
Stated as a cumulative 125 bp cut through FY2026 with the repo rate at 5.25%. Lower policy rates ease funding costs and support margins and credit demand, per the excerpt's margin heading.
RBI scrutiny of asset quality and unsecured credit
Interpretation: heightened RBI scrutiny of unsecured credit growth and asset quality can restrict retail unsecured lending growth and raise provisioning and disclosure costs.
Regulatory and prudential liquidity limits
Liquidity ratios and mismatches are monitored against regulatory and prudential limits in the ALM policy. Tighter limits constrain the balance sheet and funding mix.
2 more statements
Liquidity Coverage Ratio
LCR is assessed daily, so changes to the ratio requirement would change the holding of liquid assets and the cost of funding.
Karnataka ordinance on microfinance
A state ordinance produced a pronounced decline in Karnataka microfinance. Interpretation: state-level lending rules can cut microfinance disbursements and portfolio size in a region.
Sensitivities
6 verified
Policy interest rates
Lower interest rates are stated to support urban consumption and investor sentiment. Interpretation: falling rates tend to lift credit demand and margin spread; rising rates tighten both.
Interest rate sensitivity of earnings
Interest rate sensitivity is tracked through rate-sensitive gaps, earnings at risk and modified duration of equity, so rate moves change net interest income and equity value.
Energy prices and West Asia conflict
Energy price surge from West Asia conflict is cited as an external shock. Interpretation: higher energy prices can raise borrower stress and slow credit demand.
3 more statements
US import tariffs
Tariffs on Indian exports were raised to 50% by August and reduced to 18% later. Interpretation: export-linked borrowers face tariff-driven cash-flow swings.
Microfinance delinquency
Later-stage delinquencies continued to rise in FY2025 while early delinquencies improved. Interpretation: rising late-stage stress raises credit cost on microfinance books.
Rural demand and tractor sales
Tractor sales rose 8.4% in FY2025 with partial rural recovery, reflected in MFI portfolio quality. Interpretation: rural income cycles drive rural credit repayment.
Cost inputs
5 verified
Other expenditure
Largest-category operating expense line in the standalone schedules, shown with a note reference. The excerpt does not state a supplier or driver.
Employee costs
Payments to and provisions for employees form an operating cost line. Interpretation: wage and benefit inflation raises operating costs.
Advertisement and publicity
Discretionary marketing spend, including dealership-point visibility materials, shown as a separate expense line.
2 more statements
Depreciation on Bank property
Depreciation on the Bank's own property is a separate expense line in the standalone schedules.
Core banking system
DevSecOps was rolled out across critical applications including Core Banking System - Finacle, a technology cost line. The excerpt does not state the supplier cost.
Geographies
4 verified
Domestic footprint
States and union territories where the Bank has offices and branches.
Rural footprint of about 1.62 lakh villages
Company states it maintains active credit and banking relationships across approximately 1.62 lakh villages through its own branch network and BFIL's field infrastructure.
International representative offices
Representative offices in London, Abu Dhabi and Dubai, with a separate International Banking Unit at GIFT City. The excerpt does not state revenue from these.
1 more statement
International Banking Unit at GIFT City
IBU located in Gujarat's GIFT City, reported as an international plant.
Each statement is checked word for word against the FY2026 annual report; the passages are in the app.
What changed recently?
Q1 FY2027 results filed (22 Jul 2026).
Change log
8 entries · newest first
- Results filedQ1 FY2027 results filed.
- Corporate actionDividend - Rs 1.50 Per Share.
- Results filedQ4 FY2026 results filed.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Results filedQ1 FY2026 results filed.
- Results filedQ4 FY2025 results filed.
- Corporate actionDividend - Rs 16.50 Per Share.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsDANGER on 21 of 22 lender flags judged; 6 red; 1 could not be judged.
- Data gapsPEG on our 3-year EPS growth, Business quality, CASA ratio: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓285 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2026 · 55 verified
Questions people ask
What is IndusInd Bank's share price today?
IndusInd Bank last traded at ₹853.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 1.0% on the day, up 13.4% over a year. Its 52-week range is ₹726 to ₹1,078. The live price is in the app.
What is IndusInd Bank's market cap?
IndusInd Bank's market capitalisation is about ₹67,135 crore: what it would cost to buy every share at today's price. That makes it the 54th largest mid cap company we cover.
Is IndusInd Bank Ltd a large cap, mid cap or small cap?
IndusInd Bank Ltd (INDUSINDBK) is a mid cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is IndusInd Bank Ltd's P/E ratio?
50.77, vs peers 17.3 · 9th of 9. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is IndusInd Bank Ltd overvalued?
Fair, with low confidence: no valuation within 120 days; P/E 50.8 vs peers 17.3 (9th of 9); P/B 0.90 vs peers 1.1 (1st of 9).
How does IndusInd Bank Ltd make money?
IndusInd Bank Limited reports its business as banking activities by commercial banks, spanning microfinance, vehicle finance, diamond banking and corporate solutions. It serves individuals, corporations, government entities and public sector undertakings, and earns through lending, deposit taking, treasury activity and fee income such as bancassurance commissions.
Why is there no Altman Z or debt to equity for IndusInd Bank?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are IndusInd Bank Ltd's peers?
Compared with 8 Private Sector Bank: IDBI Bank Ltd, Federal Bank Ltd, IDFC First Bank Ltd, RBL Bank Ltd, Yes Bank Ltd and 3 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did IndusInd Bank do last quarter?
IndusInd Bank reported income of ₹13,096 Cr, down 5.1% on a year earlier and a net profit of ₹1,037 Cr, down 65.5% in the Jun 2026 quarter.
Who owns IndusInd Bank?
IndusInd Bank is held by promoters 15.1%, foreign institutions 27.8%, domestic institutions 40.3%.
Does IndusInd Bank pay a dividend?
Yes. IndusInd Bank's dividend yield is 0.20% at the latest price; the last payout was ₹1.50 a share, ex-dividend 25 Jun 2026.
What do analysts say about IndusInd Bank?
36 analysts cover IndusInd Bank, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.