Indbank Merchant Banking P/B Ratio
Indbank Merchant Banking (INDBANK) P/B ratio is 1.49 (Moderate), book value per share ₹22.50 vs Capital Markets average P/B of 2.65 — Moderate - Reasonably valued relative to book value. Review INDBANK PE ratio trends to evaluate earnings-based valuation against sector peers.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
INDBANK P/B Ratio — Valuation Insights & Book Value Analysis
Indbank Merchant Banking price-to-book ratio interpretation, valuation status and historical context — current P/B 1.49 (Moderate). View INDBANK 52-week performance for the annual high/low range and current price position.
- Current PB is 24.1% below historical average
- Trading at discount to sector average PB of 2.65
Indbank Merchant Banking P/B Ratio Historical Trend
INDBANK annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. For live price, earnings yield and the full fundamental profile, see Indbank Merchant Banking screener.
INDBANK Historical P/B Ratio — Book Value Per Share & Year-End Price
Indbank Merchant Banking annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2026 | 1.48 | ₹22.5 | ₹33.21 | ₹99 | Moderate |
| 2025 | 1.66 | ₹20.91 | ₹34.81 | ₹92 | Moderate |
| 2024 | 2.45 | ₹18.86 | ₹46.27 | ₹83 | Moderate |
| 2023 | 2.23 | ₹17.05 | ₹38.00 | ₹75 | Moderate |
| 2022 | 2.0 | ₹16.14 | ₹32.25 | ₹71 | Moderate |
INDBANK vs Capital Markets Peers — P/B Ratio Comparison
Indbank Merchant Banking P/B 1.49 vs Capital Markets average 2.65, median 1.89 — range 0.26–8.21.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Quest Capital Markets | QUESTCAP | 0.26 | ₹266 | Low |
| Interactive Financial | IFINSER | 0.28 | ₹9 | Low |
| Inventure Growth & Secur… | INVENTURE | 0.35 | ₹95 | Low |
| Wallfort Financial Servi… | WALLFORT | 0.48 | ₹81 | Low |
| Shardul Securities | SHARDUL | 0.65 | ₹449 | Low |
| Rikhav Securities | RIKHAV | 0.73 | ₹180 | Low |
| Joindre Capital Services | JOINDRE | 0.83 | ₹75 | Low |
| Steel City Securities | STEELCITY | 0.84 | ₹114 | Low |
| Almondz Global Securities | ALMONDZ | 0.86 | ₹228 | Low |
| Khandwala Securities | KHANDSE | 0.96 | ₹27 | Low |