IndusInd Bank Ltd.
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, RFC, and uniformed personnel accounts; current accounts comprising smart, everyday, premium, trade, startup, and specialized accounts; fixed, recurring, sweep in/out, senior citizen fixed, NRE and NRO fixed, FCNR, and term deposits; vehicle, used and new car, two wheeler, home, gold, agri, personal, doctor professional, medical equipment, term, quick business, SME, and MSME loans; loans against property and securities; loans on credit card; and microfinance, working capital, and trade and export finance. It also provides debit, credit, prepaid, commercial, forex, duo, corporate, and business cards; life, health, and general insurance; safe deposit lockers; payment and financial inclusion products; foreign exchange services, including inward and outward remittances, and online forex portals; digital banking; and online vehicle auction services. In addition, the company offers mutual funds; bill payment; money transfer; NRI services; merchant solutions comprising POS terminal, payment gateway, digital rupee, and QR; 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; foreign exchange advisory; derivatives, such as currency, interest rate, and exchange-traded derivatives; debt capital markets, bullions, research, and online platforms; and correspondent and inclusive banking. IndusInd Bank Limited was incorporated in 1994 and is headquartered in Mumbai, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Apr has averaged the highest return (+12.1%); Mar the lowest (-9.9%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.6%Positive MonthJan 2026: +3.58% | +7.1%Positive MonthFeb 2026: +7.11% | -21.5%Negative MonthMar 2026: -21.50% | +21.6%Positive MonthApr 2026: +21.62% | -0.5%Neutral MonthMay 2026: -0.54% | +1.5%Neutral MonthJun 2026: +1.52% | +9.2%Positive MonthJul 2026: +9.20% | -0.7%*Neutral MonthAug 2026: -0.74% | β | β | β | β |
| 2025 | +3.3%Positive MonthJan 2025: +3.32% | -0.3%Neutral MonthFeb 2025: -0.32% | -34.3%Negative MonthMar 2025: -34.32% | +29.1%Positive MonthApr 2025: +29.08% | -2.5%Negative MonthMay 2025: -2.55% | +6.7%Positive MonthJun 2025: +6.69% | -8.4%Negative MonthJul 2025: -8.37% | -7.4%Negative MonthAug 2025: -7.38% | -0.6%Neutral MonthSep 2025: -0.59% | +8.0%Positive MonthOct 2025: +7.97% | +8.1%Positive MonthNov 2025: +8.08% | +0.7%Neutral MonthDec 2025: +0.71% |
| 2024 | -4.0%Negative MonthJan 2024: -4.00% | -3.8%Negative MonthFeb 2024: -3.83% | +5.4%Positive MonthMar 2024: +5.44% | -2.6%Negative MonthApr 2024: -2.58% | -3.7%Negative MonthMay 2024: -3.69% | +0.3%Neutral MonthJun 2024: +0.28% | -2.4%Negative MonthJul 2024: -2.44% | -0.1%Neutral MonthAug 2024: -0.12% | +1.5%Neutral MonthSep 2024: +1.51% | -27.1%Negative MonthOct 2024: -27.09% | -5.6%Negative MonthNov 2024: -5.62% | -3.6%Negative MonthDec 2024: -3.63% |
| 2023 | -11.3%Negative MonthJan 2023: -11.29% | -0.5%Neutral MonthFeb 2023: -0.53% | -0.9%Neutral MonthMar 2023: -0.90% | +7.9%Positive MonthApr 2023: +7.85% | +11.7%Positive MonthMay 2023: +11.68% | +6.9%Positive MonthJun 2023: +6.87% | +1.9%Neutral MonthJul 2023: +1.93% | -1.8%Neutral MonthAug 2023: -1.78% | +3.8%Positive MonthSep 2023: +3.78% | +0.9%Neutral MonthOct 2023: +0.86% | +1.7%Neutral MonthNov 2023: +1.75% | +9.0%Positive MonthDec 2023: +8.98% |
| 2022 | -1.8%Neutral MonthJan 2022: -1.78% | +5.6%Positive MonthFeb 2022: +5.64% | +1.5%Neutral MonthMar 2022: +1.53% | +4.6%Positive MonthApr 2022: +4.61% | -4.9%Negative MonthMay 2022: -4.85% | -14.6%Negative MonthJun 2022: -14.63% | +31.3%Positive MonthJul 2022: +31.29% | +6.1%Positive MonthAug 2022: +6.11% | +7.2%Positive MonthSep 2022: +7.17% | -3.7%Negative MonthOct 2022: -3.68% | +2.2%Positive MonthNov 2022: +2.16% | +4.6%Positive MonthDec 2022: +4.64% |
| 2021 | β | β | β | β | β | +0.3%Neutral MonthJun 2021: +0.27% | -3.5%Negative MonthJul 2021: -3.46% | +1.3%Neutral MonthAug 2021: +1.27% | +11.9%Positive MonthSep 2021: +11.94% | +2.5%Positive MonthOct 2021: +2.51% | -22.5%Negative MonthNov 2021: -22.49% | +0.5%Neutral MonthDec 2021: +0.46% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ48.67 K Cr | β | βΉ2.64 K Cr | β | β | β | 6.4% | -70.5% |
| Mar 2024 | βΉ45.75 K Cr | β | βΉ8.95 K Cr | β | β | β | 25.8% | 21.1% |
| Mar 2023 | βΉ36.37 K Cr | β | βΉ7.39 K Cr | β | β | β | 18.0% | 60.3% |
| Mar 2022 | βΉ30.82 K Cr | β | βΉ4.61 K Cr | β | β | β | 6.3% | 62.6% |
| Mar 2021 | βΉ29.00 K Cr | β | βΉ2.84 K Cr | β | β | β | 0.8% | -35.8% |
| Mar 2020 | βΉ28.78 K Cr | β | βΉ4.42 K Cr | β | β | β | 29.3% | 33.8% |
| Mar 2019 | βΉ22.26 K Cr | β | βΉ3.30 K Cr | β | β | β | 28.8% | -8.5% |
| Mar 2018 | βΉ17.28 K Cr | β | βΉ3.61 K Cr | β | β | β | 20.0% | 25.7% |
| Mar 2017 | βΉ14.41 K Cr | β | βΉ2.87 K Cr | β | β | β | 21.3% | 25.5% |
| Mar 2016 | βΉ11.87 K Cr | β | βΉ2.29 K Cr | β | β | β | 22.5% | 27.4% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,254 | 9,692 | 11,872 | 14,406 | 17,281 | 22,261 | 28,783 | 29,000 | 30,822 | 36,368 | 45,748 | 48,668 | 47,307 |
| Finance Costs | 5,363 | 6,272 | 7,355 | 8,343 | 9,783 | 13,415 | 16,724 | 15,472 | 15,822 | 18,776 | 25,132 | 29,636 | 29,982 |
| Total Expenses | 2,555 | 3,133 | 4,188 | 5,684 | 6,555 | 9,283 | 12,611 | 15,997 | 15,840 | 15,525 | 17,638 | 22,616 | 24,903 |
| Financing Profit | 335 | 288 | 329 | 379 | 942 | -437 | -553 | -2,469 | -839 | 2,067 | 2,978 | -3,584 | -7,577 |
| Financing Margin % | 4% | 3% | 3% | 3% | 5% | -2% | -2% | -9% | -3% | 6% | 7% | -7% | -16% |
| Other Income | 1,891 | 2,548 | 3,297 | 4,171 | 4,750 | 5,647 | 6,951 | 6,559 | 7,334 | 8,166 | 9,388 | 7,684 | 6,863 |
| Depreciation & Amortisation | 98 | 127 | 157 | 191 | 212 | 229 | 278 | 305 | 321 | 373 | 425 | 485 | 0 |
| Profit Before Tax | 2,128 | 2,709 | 3,469 | 4,360 | 5,481 | 4,981 | 6,121 | 3,784 | 6,174 | 9,860 | 11,942 | 3,615 | -714 |
| Tax % | 34% | 34% | 34% | 34% | 34% | 34% | 28% | 25% | 25% | 25% | 25% | 27% | - |
| Net Profit / PAT | 1,408 | 1,794 | 2,286 | 2,868 | 3,606 | 3,301 | 4,418 | 2,836 | 4,611 | 7,390 | 8,950 | 2,643 | -595 |
| EPS (βΉ) | 26.80 | 33.88 | 38.43 | 47.95 | 60.08 | 54.77 | 63.70 | 36.68 | 59.52 | 95.24 | 114.99 | 33.92 | -7.64 |
| Dividend Payout % | 13% | 12% | 12% | 13% | 12% | 14% | 0% | 14% | 14% | 15% | 14% | 0% | - |
Peer Comparison
Financials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| IndusInd Bank Ltd.this co. | βΉ70.92 K Cr | βΉ48.67 K Cr | 0.00 | 1.10 | 0.00 | 6.4% |
| HDFC Bank Ltd. | βΉ14.43 L Cr | βΉ3.01 L Cr | 20.30 | 2.78 | β | 16.3% |
| ICICI Bank Ltd. | βΉ10.28 L Cr | βΉ1.63 L Cr | 20.70 | 3.32 | β | 14.3% |
| State Bank Of India | βΉ9.49 L Cr | βΉ4.62 L Cr | 13.30 | 1.83 | β | 11.4% |
| Bajaj Finance Limited | βΉ5.91 L Cr | βΉ61.95 K Cr | 36.80 | 6.33 | β | 32.0% |
| LIFE INSURANCE CORPORATION OF INDIA | βΉ5.26 L Cr | βΉ8.87 L Cr | 10.30 | 3.73 | 9.87 | 5.2% |
| Kotak Mahindra Bank Ltd. | βΉ4.24 L Cr | βΉ52.92 K Cr | 31.70 | 3.39 | β | 15.5% |
| Industry Average | β | βΉ30.80 K Cr | 45.91 | 4.87 | 70.91 | 14.6% |
