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INDUSINDBK - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.9

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 2.9

Stock Code INDUSINDBK Market Cap 69,832 Cr. Current Price 896 ₹ High / Low 1,087 ₹
Book Value 830 ₹ Dividend Yield 0.00 % ROCE 6.49 % ROE 4.15 %
Face Value 10.0 ₹ DMA 50 873 ₹ DMA 200 863 ₹ Chg in FII Hold -2.72 %
Chg in DII Hold 3.43 % PAT Qtr 161 Cr. PAT Prev Qtr -445 Cr. RSI 51.5
MACD 8.42 Volume 25,83,908 Avg Vol 1Wk 43,61,604 Low price 605 ₹
High price 1,087 ₹ Debt to equity 6.73 52w Index 60.3 % Qtr Profit Var -88.5 %
EPS -23.6 ₹ Industry PE 15.8

📊 Core Financials

  • Revenue & Profitability: PAT turned positive at 161 Cr. from a loss of -445 Cr. in the previous quarter, but quarterly profit variation (-88.5%) highlights instability.
  • Margins: ROE at 4.15% and ROCE at 6.49% are weak, reflecting poor efficiency and shareholder returns.
  • Debt: Debt-to-equity ratio of 6.73 is very high, typical for banks but still a leverage risk.
  • Cash Flow: Dividend yield of 0.00% indicates no shareholder payout, limiting investor reward.

💹 Valuation Indicators

  • P/E Ratio: Not applicable due to negative EPS (-23.6 ₹).
  • P/B Ratio: Current Price (896 ₹) / Book Value (830 ₹) ≈ 1.08, fair valuation relative to book value.
  • PEG Ratio: Not available, limiting growth-adjusted valuation analysis.
  • Intrinsic Value: Current price near DMA 50 (873 ₹) and DMA 200 (863 ₹), suggesting technical support but fundamentals remain weak.

🏦 Business Model & Competitive Advantage

  • IndusInd Bank operates as a private sector bank with diversified lending across retail, corporate, and SME segments.
  • Competitive advantage lies in strong brand presence and diversified portfolio, but profitability challenges persist.
  • Overall health is weak due to negative EPS, low returns, and high leverage.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Safer entry between 850 ₹ – 870 ₹, closer to technical support levels.
  • Long-Term Holding: Risky for conservative investors due to weak fundamentals. Suitable only for speculative investors betting on turnaround in profitability.

✅ Positive

  • PAT turned positive (161 Cr. vs -445 Cr.).
  • Book value (830 ₹) supports fair valuation with P/B at 1.08.
  • DII holdings increased (+3.43%), showing domestic institutional confidence.

⚠️ Limitation

  • Negative EPS (-23.6 ₹) limits valuation metrics.
  • Weak ROE (4.15%) and ROCE (6.49%).
  • High debt-to-equity ratio (6.73) reflects leverage risk.
  • No dividend yield, limiting investor reward.

📉 Company Negative News

  • FII holdings decreased (-2.72%), showing reduced foreign investor confidence.
  • Quarterly profit variation (-88.5%) highlights earnings instability.

📈 Company Positive News

  • PAT turned positive QoQ, showing early signs of recovery.
  • DII holdings increased significantly, reflecting domestic support.

🏭 Industry

  • Industry PE at 15.8 highlights stronger profitability among peers compared to IndusInd Bank.
  • Banking sector growth driven by credit expansion and digital adoption.
  • Competition from private peers with stronger fundamentals remains a challenge.

🔎 Conclusion

  • IndusInd Bank shows slight improvement in profitability but remains fundamentally weak with negative EPS and low returns.
  • Valuation is fair relative to book value, but leverage and earnings instability are major concerns.
  • Best suited for speculative investors entering near 850–870 ₹, while conservative investors should avoid until profitability stabilizes.

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