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Private-sector Indian bank offering retail and corporate banking, with a significant vehicle finance and microfinance lending book.
Private-sector Indian bank offering retail and corporate banking, with a significant vehicle finance and microfinance lending book.
Earns the spread between loan yields and deposit costs, with vehicle loans, especially for commercial vehicles, its traditional strength, and microfinance, small loans to low-income borrowers, added by the 2019 merger with Bharat Financial Inclusion. The Hinduja group is the founding promoter. A 2025 disclosure of accounting errors in its derivatives book led to a change in top management.
Moat: narrow (brand, distribution). A recognized private bank brand with a specialized vehicle-finance franchise, though it has faced recent asset-quality/governance concerns.
Headquarters: Mumbai, India · Founded: 1994 · Employees: 46,694
Size IndusInd Bank (INDUSINDBK.NS) is an India Financials company (Major Banks) with a market value of $7.48B, the 152nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹910.25 on 6 Nov 2026.
Performance Over six months the shares fell 3.9%, against +5.0% for the median peer and 0.0% for the India market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 2.3% over the last twelve months (peer median +6.6%); the operating margin is 15.7% (peer median 39.7%).
Valuation It trades at 1.04× book value against a peer median of 1.25× (7th cheapest of 21).
Price implies The share price implies a return on equity of about 17.8%; IndusInd Bank delivers 4.5%, so the price asks more than the business earns today.
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹529B | ₹535B | ₹564B | ₹551B | ₹445B |
| Revenue growth | — | -5% | +2% | +24% | — |
| Net income | ₹30.0B | ₹8.89B | ₹25.8B | ₹89.8B | ₹74.4B |
| Free cash flow | n/a | ₹11.0B | ₹40.7B | ₹148B | ₹122B |
| Capital expenditure | n/a | ₹6.92B | ₹7.31B | ₹7.30B | ₹5.71B |
| Total debt | ₹538B | ₹547B | ₹649B | ₹687B | ₹1.56T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| IndusInd Bank INDUSINDBK.NS | $7.48B | -4% | -2% | 5% | 1.04× | 17.8% |
| Kotak Mahindra Bank KOTAKBANK.NS | $50.5B | +27% | +12% | 12% | 2.45× | 29.5% |
| Axis Bank AXISBANK.NS | $43.6B | +2% | +7% | 14% | 1.78× | 25.1% |
| Yes Bank YESBANK.NS | $5.72B | -24% | +5% | 8% | 1.01× | 15.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | INDUSINDBK.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.0% | +2.1% | 3rd highest of 21 |
| 6-month return | -3.9% | +5.0% | 4th lowest of 21 |
| Return on equity | 4.5% | 10.9% | 3rd lowest of 21 |
| Price / book | 1.04× | 1.25× | 7th cheapest of 21 |
| Trailing P/E | 23.7× | 11.4× | 2nd most expensive of 21 |
| ROE the price implies | 17.8% | 10.6% | 6th most demanding of 21 |
| ROE delivered | 4.5% | 10.9% | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| IndusInd Bank INDUSINDBK.NS | India | $7.48B | -4% | -2% | 5% | 1.04× | 17.8% | 4.5% |
| Credito Emiliano CE.MI | Italy | $7.48B | +26% | -2% | 12% | 1.41× | 13.1% | 12.3% |
| Mebuki Financial 7167.T | Japan | $7.57B | +6% | +25% | 9% | 1.16× | 6.2% | 9.2% |
| Lion Finance BGEO.L | United Kingdom | $7.39B | +20% | +19% | 27% | 1.89× | 21.1% | 27.3% |
| Valley National Bancorp VLY | United States | $7.75B | +5% | +3% | 9% | 1.03× | 10.6% | 9.4% |
| Fukuoka Financial 8354.T | Japan | $7.75B | 0% | +22% | 9% | 1.08× | 7.0% | 8.7% |
| BOK Financial BOKF | United States | $7.87B | -2% | +3% | 11% | 1.33× | 10.6% | 11.2% |
| Bank of Maharashtra MAHABANK.NS | India | $7.08B | +2% | +17% | 23% | 1.79× | 26.2% | 23.3% |
| Huishang Bank 3698.HK | Hong Kong | $8.31B | -8% | +1% | 11% | 0.36× | 3.8% | 10.7% |
| Bank of India BANKINDIA.NS | India | $6.68B | -1% | +9% | 14% | 0.67× | 12.5% | 14.1% |
| Federal Bank Ltd. (India) FEDERALBNK.NS | India | $8.81B | +14% | +11% | 13% | 1.97× | 27.7% | 13.1% |
| F.N.B FNB | United States | $6.28B | 0% | +2% | 9% | 0.92× | 8.9% | 9.0% |
| Indian Overseas Bank IOB.NS | India | $6.23B | -13% | +14% | 18% | 1.46× | 17.2% | 17.9% |
| Jyske Bank A/S JYSK.CO | Denmark | $9.02B | +25% | +3% | 10% | 1.32× | 5.3% | 10.3% |
| RBL Bank RBLBANK.NS | India | $6.21B | +10% | +9% | 4% | 1.35× | 23.1% | 4.0% |
| IDBI Bank IDBI.NS | India | $9.04B | +5% | +3% | 12% | 1.18× | 26.1% | 11.8% |
| AL Sydbank A/S ALSYDB.CO | Denmark | $9.20B | +37% | +27% | 10% | 1.78× | 6.3% | 9.6% |
| Bank of East Asia 0023.HK | Hong Kong | $6.03B | +27% | -9% | 3% | 0.44× | 5.2% | 3.2% |
| Old National Bancorp ONB | United States | $9.43B | +3% | +18% | 12% | 1.17× | 10.3% | 11.5% |
| Unicaja Banco UNI.MC | Spain | $9.53B | +20% | -3% | 10% | 1.34× | 12.2% | 10.1% |
| Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd ZIONP | United States | $9.72B | -16% | +4% | 16% | 0.31× | 4.0% | 16.5% |