IndusInd Bank Ltd. (INDUSINDBK) AI Stock Analysis

• Market Cap: ₹579.09B
• Dividend Yield: 2.22%
• Average Volume (3M): 95.95K
• Price to Earnings (P/E): 57.4
• Beta (1Y): 1.21
• Revenue Growth: -2.45%
• EPS Growth: -88.84%
• Country: IN
• Employees: 45,637
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 8.78
• Shares Outstanding: 779,076,000
• 10 Day Avg. Volume: 98,681
• 30 Day Avg. Volume: 95,955
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹736.33
• Price Target Upside: -0.94% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 9

• Rating: 51 Neutral
• Price Target: ₹803.00 ▲(8.03% Upside)

The overall stock score is primarily influenced by strong financial performance, despite operational challenges, and weak technical indicators. Valuation concerns due to a high P/E ratio also weigh on the stock. The absence of earnings call and corporate event data excludes their impact from this evaluation.

IndusInd Bank Ltd. Business Overview & Revenue Model

Company Description

IndusInd Bank Ltd. (INDUSINDBK) is a prominent private sector bank in India, established in 1994. It operates in the banking and financial services industry, offering a broad range of banking products and services to individuals, corporate clients, and small to medium-sized enterprises. The bank's core offerings include savings and current accounts, fixed deposits, loans, credit cards, and wealth management services. Additionally, it provides specialized services such as trade and transactional banking, treasury operations, and investment banking.

How the Company Makes Money

IndusInd Bank Ltd. generates revenue primarily through interest income earned from lending activities, such as personal loans, home loans, and corporate loans. It also earns substantial income from non-interest sources, including fees and commissions from services such as asset management, wealth management, and transaction services. The bank leverages digital banking platforms to enhance customer engagement and reduce operational costs, further contributing to its profitability. Strategic partnerships with insurance companies and financial technology firms expand its product offerings and drive additional revenue through cross-selling opportunities. IndusInd Bank's diverse portfolio of financial services ensures steady income from both retail and corporate banking sectors.

IndusInd Bank Ltd. Financial Statement Overview

Summary

IndusInd Bank Ltd. demonstrates strong revenue growth and improved profitability, despite challenges in operational efficiency and cash flow management. The balance sheet reflects a sound asset base but with high leverage typical of the banking industry. Continued focus on improving cash flows and operational efficiency will be crucial for sustaining growth and stability.

Income Statement

IndusInd Bank Ltd. has shown a steady revenue growth, with the total revenue increasing from 185 billion in 2020 to 563 billion in 2025. The gross profit margin has maintained a strong position, although it has declined from its peak in 2020. The net profit margin has improved over the years, indicating better cost management and profitability. However, EBIT and EBITDA margins have shown fluctuations, suggesting some operational challenges.

Balance Sheet

The bank has a robust asset base with significant growth in total assets, reaching over 5 trillion. The debt-to-equity ratio shows a relatively high leverage, which is common in the banking sector but warrants careful management. The equity ratio has remained stable, indicating a solid capital structure. Return on equity has improved, reflecting enhanced shareholder returns.

Cash Flow

Cash flows have been volatile, with a negative operating cash flow in recent years. The free cash flow has been consistently negative, indicating potential liquidity challenges. The operating cash flow to net income ratio is concerning, as it suggests operational inefficiencies. Despite these issues, the bank has managed its financing activities effectively to support its capital needs.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	563.58B	563.58B	551.44B	442.43B	378.65B	348.90B
Gross Profit	221.38B	195.86B	300.12B	254.68B	220.43B	194.19B
EBITDA	255.77B	40.58B	124.42B	103.39B	69.48B	42.57B
Net Income	25.76B	25.76B	89.77B	74.43B	48.05B	29.30B
Balance Sheet
Total Assets	5.54T	5.54T	5.15T	4.58T	4.02T	3.63T
Cash, Cash Equivalents and Short-Term Investments	593.75B	593.75B	369.07B	567.77B	685.85B	566.10B
Total Debt	537.04B	537.04B	476.11B	1.56T	1.46T	1.44T
Total Liabilities	4.89T	4.89T	4.52T	4.03T	3.51T	3.16T
Stockholders Equity	648.36B	648.36B	632.08B	550.05B	505.16B	469.91B
Cash Flow
Free Cash Flow	0.00	-87.30B	-176.55B	-130.13B	162.58B	446.35B
Operating Cash Flow	0.00	-79.99B	-169.25B	-124.42B	166.72B	449.76B
Investing Cash Flow	0.00	-7.09B	-7.11B	-5.60B	-4.06B	-3.31B
Financing Cash Flow	0.00	311.52B	-22.42B	11.15B	331.77B	-40.96B

IndusInd Bank Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 743.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDUSINDBK, the sentiment is Negative. The current price of 743.3 is below the 20-day moving average (MA) of 749.79, below the 50-day MA of 790.68, and below the 200-day MA of 855.81, indicating a bearish trend. The MACD of -13.18 indicates Negative momentum. The RSI at 40.91 is Neutral, neither overbought nor oversold. The STOCH value of 23.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDUSINDBK.

IndusInd Bank Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IDBI	74 Outperform	1.01T	12.74	12.38%	2.24%	16.28%	25.78%
BANKINDIA	67 Neutral	548.37B	5.78	11.83%	3.36%	18.55%	31.54%
YESBANK	60 Neutral	664.43B	24.24	5.11%	―	9.29%	77.92%
ICICIPRULI	56 Neutral	872.30B	69.03	9.93%	0.14%	-23.85%	44.83%
INDUSINDBK	51 Neutral	₹579.09B	57.39		2.22%	-2.45%	-88.84%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

IndusInd Bank Ltd. Corporate Events

IndusInd Bank Appoints Rajiv Anand as New MD & CEO

IndusInd Bank Limited has announced the appointment of Mr. Rajiv Anand as the new Managing Director and CEO, effective from August 25, 2025, for a three-year term. This strategic leadership change, approved by the Reserve Bank of India and pending shareholder approval, is expected to bolster the bank’s executive team, potentially enhancing its market positioning and operational efficiency.

IndusInd Bank Appoints Rajiv Anand as MD & CEO

IndusInd Bank Limited has appointed Rajiv Anand as the new Managing Director and Chief Executive Officer, effective August 25, 2025, for a three-year term. Anand brings over 35 years of experience in the banking sector, with a notable track record at Axis Bank Limited. This strategic appointment aims to strengthen the bank’s leadership and drive robust growth, with the support of the Reserve Bank of India and the commitment to high governance standards.

IndusInd Bank Releases Earnings Call Recording for Q2 2025

IndusInd Bank Limited announced the availability of an audio recording of its earnings call, which discussed the unaudited financial results for the quarter ending June 30, 2025. This move is part of the bank’s commitment to transparency and accessibility for its investors and analysts, potentially enhancing stakeholder engagement and trust.

IndusInd Bank’s Credit Rating Affirmed with Negative Outlook

IndusInd Bank Limited has received an affirmation of its credit rating at ‘IND AA+’ from India Ratings Limited, though the outlook has been revised from Stable to Negative. This change is attributed to accounting discrepancies totaling INR 49.2 billion in FY25, indicating weak internal controls, and concerns about the stability of the bank’s franchise. Additionally, the bank is expected to report moderate profitability with a return on assets around 1% in the near-to-medium term.