INDUSINDBK · NSE
IndusInd Bank Limited
₹966.3
+0.85% (+₹8.1)
Prev. close
₹958.2
Volume
62,50,679
Delivery %
74.5%
As of
18 Sept 2026
Price history
Motilal Oswal Analysis · Motilal Oswal Financial Services · 23 Jul 2026
“Reiterated a 'Neutral' rating on IndusInd Bank, raising the target price to ₹1,125, implying a 5% upside. The bank reported a healthy quarter with strong operating performance and one-off income. Business momentum picked up sequentially, led by corporate segment growth, though retail book growth remains muted. Motilal Oswal projects RoA at 0.7% in FY27 and 1% in FY28, with loan growth expected to track the industry in FY27 and potentially outpace it in FY28.”
Published mid-session at 09:31 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
10 analyst stances · last 90 days · one per analyst
Trackable
10 · 6 bull / 1 neutral / 3 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Believes IndusInd Bank is showing signs of recovery after a difficult year, with Motilal Oswal expecting its loan book t…” | Nitin AggarwalMotilal Oswal Financial Services | IndusInd Bank | NOT GRADED | ||||
| “Maintained its 'sell' rating on IndusInd Bank, originally downgraded in May last year, while raising its price target to…” | Citi AnalysisCitigroup Inc. | IndusInd Bank | PENDING | ||||
| “Maintained a 'buy' rating on IndusInd Bank, raising its price target to ₹1,250 from ₹1,100. The bullish stance is based …” | Jefferies AnalysisJefferies | IndusInd Bank | PENDING | ||||
| “Downgraded IndusInd Bank to 'underperform' from 'hold', despite raising its price target to ₹925 from ₹850. The downgrad…” | CLSA AnalysisCLSA | IndusInd Bank | PENDING | ||||
| “Maintained a 'Buy' call on IndusInd Bank, raising the target price to ₹1,250, implying a 17% upside. The bank's credit g…” | Nuvama AnalysisNuvama Alternative & Quantitative Research | IndusInd Bank | PENDING | ||||
| “Reiterated a 'Neutral' rating on IndusInd Bank, raising the target price to ₹1,125, implying a 5% upside. The bank repor…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | IndusInd Bank | PENDING | ||||
“Reiterated a 'Neutral' rating on IndusInd Bank, raising the target price to ₹1,125, implying a 5% upside. The bank reported a healthy quarter with strong operating performance and one-off income. Business momentum picked up sequentially, led by corporate segment growth, though retail book growth remains muted. Motilal Oswal projects RoA at 0.7% in FY27 and 1% in FY28, with loan growth expected to track the industry in FY27 and potentially outpace it in FY28.” Rating & targetTrack opinion → This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
| “Downgrades IndusInd Bank to 'Reduce' from 'Add' with a March 2027 target price of ₹1,055, despite sequential improvement…” | Equirus Securities AnalysisEquirus Securities | IndusInd Bank | PENDING | ||||
| “Maintains an 'Add' rating on IndusInd Bank, increasing the share price target to ₹1,130 from ₹925, valuing the bank at 1…” | JM Financial AnalysisJM Financial Institutional Securities | IndusInd Bank | PENDING | ||||
| “Maintains a 'Neutral' rating on IndusInd Bank, raising the share price target to ₹1,125 based on 1.2x March 2028E ABV. T…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | IndusInd Bank | PENDING | ||||
| “Bullish on IndusInd Bank, recommending a buy at CMP ₹974.35 with a target of ₹1,020 and a stop-loss at ₹950. Technically…” | Tanmay ShahSIHL | IndusInd Bank | NOT GRADED | ||||
| “Bullish on IndusInd Bank, which broke out from a congestion zone with strong volumes and over 96% rollovers. Suggests ad…” | Vipin KumarGlobe Capital Market | IndusInd Bank | NOT GRADED | ||||
Fundamentals
About IndusInd Bank Limited
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 car, two wheeler, home, gold, agri, personal, medical equipment, term, business, and MSME loans; loans against property and securities; loans on credit card; and working capital, supply chain, and trade finance. It also provides debit, credit, prepaid, forex, duo, corporate, and business cards; life, health, and general insurance; foreign exchange services, including inward and outward remittances, and online forex portals; digital and WhatsApp banking; and national pension system, sovereign gold bonds, and government securities. In addition, the company offers mutual funds; bill payment; money transfer; NRI services; merchant solutions comprising POS terminal, payment gateway, digital rupee, and soundbox; transaction banking services, including trade finance, cash management, and tax payment; supply chain finance solutions, including supplier/vendor finance, channel finance, and receivable finance/factoring solutions; investment banking services consisting of debt syndication, debt and private equity fund-raising advisory, and M&A advisory; and inclusive banking. IndusInd Bank Limited was incorporated in 1994 and is headquartered in Mumbai, India.
Details
Sector
Financial Services
Industry
Banks - Regional
CEO
Mr. Rajiv Anand Prattipati
Headquarters
Mumbai
Employees
46,778
Website
indusind.bank.inExchange
View on NSE ↗Key stats
Market cap
₹74,657.65 Cr
P/E ratio (TTM)
56.6
Dividend yield
0.16%
EPS (TTM)
₹16.94
Beta (1Y · daily vs NIFTY 50)
1.42
Beta (5Y · monthly vs NIFTY 50)
1.39
Shares float
63.71 Cr
EPS · quarter ended Jun 2026
₹13.31
Upcoming earnings
15 Oct 2026
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹28,999.80 Cr | ₹30,822.44 Cr | ₹25,467.68 Cr | ₹29,465.38 Cr | ₹26,496.85 Cr | ₹25,128.20 Cr | |
| ₹2,930.10 Cr | ₹4,805.03 Cr | ₹7,443.49 Cr | ₹8,977.30 Cr | ₹2,575.41 Cr | ₹889.19 Cr | |
| Diluted EPS | ₹39.96 | ₹61.97 | ₹95.89 | ₹115.33 | ₹33.05 | ₹11.41 |
Depreciation & amortisation, Interest expense have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹3.63 L Cr | ₹4.02 L Cr | ₹4.58 L Cr | ₹5.15 L Cr | ₹5.54 L Cr | ₹5.43 L Cr | |
| Total debt | ₹51,322.81 Cr | ₹47,323.22 Cr | ₹49,011.23 Cr | ₹47,611.41 Cr | ₹53,703.55 Cr | ₹42,789.19 Cr |
| Stockholders' equity | ₹43,495.25 Cr | ₹48,010.31 Cr | ₹55,004.61 Cr | ₹63,207.56 Cr | ₹64,835.69 Cr | ₹65,739.63 Cr |
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹44,975.72 Cr | ₹16,672.18 Cr | ₹-12,442.28 Cr | ₹-16,924.73 Cr | ₹18,277.79 Cr | ₹992.89 Cr | |
| Investing cash flow | ₹-331.12 Cr | ₹-406.16 Cr | ₹-560.16 Cr | ₹-711.27 Cr | ₹-708.58 Cr | ₹-633.73 Cr |
| ₹-4,095.79 Cr | ₹-4,302.15 Cr | ₹1,114.83 Cr | ₹-2,241.54 Cr | ₹4,875.50 Cr | ₹-10,911.77 Cr | |
| Capital expenditure | ₹-341.19 Cr | ₹-414.30 Cr | ₹-571.09 Cr | ₹-730.01 Cr | ₹-730.99 Cr | ₹-691.91 Cr |
| End cash position | ₹56,609.89 Cr | ₹68,584.71 Cr | ₹56,776.76 Cr | ₹36,907.40 Cr | ₹59,375.49 Cr | ₹48,932.35 Cr |
Depreciation & amortization, Change in working capital, Debt issued, Debt repaid, Dividends paid have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Jun 21–Sep 21(2Q) | Dec 21 | Mar 22 | Jun 22–Dec 22(3Q) | Mar 23 | Jun 23 | Sep 23 | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25–Jun 26(5Q) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 16.54% | 16.53% | 16.52% | 16.51% | 16.50% | 16.49% | 16.47% | 16.45% | 16.40% | 16.38% | 16.36% | 16.29% | 15.83% | 15.82% |
| Public | 83.46% | 83.47% | 83.48% | 83.49% | 83.50% | 83.51% | 83.53% | 83.55% | 83.60% | 83.62% | 83.64% | 83.71% | 84.17% | 84.18% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Financial Services
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| HDFC Bank Limited | ₹11.27 L Cr | ₹731 | 16.2 | 1.38 | 8.6% | 0.81 | +4.7% | -25.2% |
| ICICI Bank Limited | ₹9.75 L Cr | ₹1,347.6 | 17.6 | 2.69 | 14.9% | 0.57 | +9.1% | -5.0% |
| State Bank of India | ₹9.16 L Cr | ₹996.2 | 10.6 | 1.54 | 14.0% | 1.22 | +9.2% | +16.6% |
| Bajaj Finance Limited | ₹6.31 L Cr | ₹1,040.3 | 31.1 | 5.54 | 16.7% | 3.10 | +19.7% | +4.4% |
| Life Insurance Corporation Of India | ₹5.06 L Cr | ₹407.7 | 8.4 | 2.87 | 32.5% | — | +8.7% | -54.2% |
| Kotak Mahindra Bank Limited | ₹4.08 L Cr | ₹415 | 20.5 | 2.25 | 10.6% | 0.53 | -0.3% | -79.5% |
| Axis Bank Limited | ₹3.86 L Cr | ₹1,240 | 14.0 | 1.80 | 12.3% | 1.30 | +4.0% | +10.1% |
| Bajaj Finserv Limited | ₹2.98 L Cr | ₹1,852.5 | 29.4 | 3.82 | 12.6% | 4.64 | +13.6% | -10.5% |
| Shriram Finance Limited | ₹2.34 L Cr | ₹1,010 | 17.6 | 3.55 | 15.2% | 2.76 | +13.9% | +61.1% |
| SBI Life Insurance Company Limited | ₹1.77 L Cr | ₹1,731 | 68.0 | 9.29 | 12.9% | — | -4.3% | -5.0% |
| ICICI Prudential Asset Management Company Limited | ₹1.53 L Cr | ₹3,098 | 43.8 | 36.57 | 79.1% | — | +23.1% | — |
| IndusInd Bank Limited | ₹74,657.65 Cr | ₹966.3 | 56.6 | 1.14 | 1.4% | 0.65 | -5.2% | +31.4% |
Ranked by market cap within Financial Services, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 29
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
52 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.