Case study

INDUSINDBK

INDUSIND BANK LIMITED

Tread carefully1y model +1.4%

Each stock's 10,000-path forecast, rendered as light.

33Score

INDUSIND BANK LIMITED (INDUSINDBK) Stock Analysis & Case Study

Is INDUSINDBK a good buy? The data-driven verdict.

INDUSIND BANK LIMITED (INDUSINDBK) trades at ₹1,022,on the numbers it tread carefully, a Downstox Snapshot Score of 33/100.

On the numbers, INDUSIND BANK LIMITED (INDUSINDBK) tread carefully, a Downstox Snapshot Score of 33/100, weighing expensive at 60.2× earnings, ROE of 1.4%, a 51% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

INDUSINDBK fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹79,627 Cr
Current price
₹1,022
P/E ratio
60.2×
P/B ratio
1.21×
Book value
₹844
Dividend yield
0.15%
ROCE
5.7%
ROE
1.4%
Piotroski F-Score
5/8

How INDUSINDBK ranks against the 2,373 companies in our screener

We do not hold a debt-to-equity ratio figure for INDUSINDBK, as of 9 Aug 2026, so it is not ranked here.

Is INDUSINDBK overvalued? INDUSINDBK P/E vs its Banking

INDUSINDBK's P/E of 60.2× sits above the Banking peer median of 18.2×, so on earnings it screens richer than peers, while its 0.15% dividend yield is below the peer median of 0.17%.

INDUSINDBK P/E
60.2×
Peer median P/E
18.2×
INDUSINDBK div yield
0.15%
Peer median yield
0.17%

INDUSINDBK share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of INDUSINDBK history (-2%/yr drift, 39%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
INDUSINDBK 2027₹630₹1,037₹1,707+1%
INDUSINDBK 2028₹519₹1,051₹2,130+3%
INDUSINDBK 2029₹451₹1,066₹2,519+4%
INDUSINDBK 2030₹395₹1,081₹2,960+6%
INDUSINDBK 2031₹354₹1,097₹3,398+7%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability INDUSINDBK goes up, or doubles?

51%
Higher in 1 year
Modelled chance the price is above today in 12 months
54%
Higher in 5 years
Modelled chance the price is above today in 5 years
24%
Doubles in 5 years
Modelled chance of reaching ₹2,044 within 5 years

The bull case for INDUSINDBK

  • Low price-to-book of 1.21×, the market is paying little over the company's net assets.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹2,519.

The bear case & risks

  • INDUSINDBK's P/E of 60.2x is lower than 21% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • INDUSINDBK's return on equity of 1.4% ranks in the 17th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹451.

INDUSINDBK volatility & expected range, how bumpy is the ride?

Over the last 9.8 years INDUSINDBK compounded at -2%/year with annualized volatility of 39%. That volatility implies a 1-year 80% range of ₹630-₹1,707, the honest backbone behind any single price target.

INDUSINDBK price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
1.4%
80% range₹630-₹1,707
P(price ↑)51%
P(price 2×)4%
3-Year Forecast
2029
₹0
Median (P50)
4.3%
80% range₹451-₹2,519
P(price ↑)53%
P(price 2×)17%
5-Year Forecast
2031
₹0
Median (P50)
7.3%
80% range₹354-₹3,398
P(price ↑)54%
P(price 2×)24%

INDUSINDBK price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
INDUSINDBK simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds INDUSINDBK hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the INDUSINDBK price target & forecast page.

INDUSINDBK Piotroski F-Score: 5/8, how financially strong is it?

5/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. INDUSINDBK scores 5/8, mixed financial health.

INDUSINDBK MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy INDUSINDBK with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox27.86%3.6×
Zerodha26.70%3.7×
Groww26.80%3.7×
DhanCHEAPEST24.33%4.1×
Kotak Neo30.03%3.3×
Paytm Money27.62%3.6×
Pocketful31.45%3.2×
Fyers32.26%3.1×
Anand Rathi31.33%3.2×
Bajaj Broking30.00%3.3×
Share India31.47%3.2×

Compare every broker on the INDUSINDBK MTF page.

INDUSINDBK vs peers,Banking comparison

StockP/EDiv yieldMarket cap
INDUSINDBK (this stock)60.2×0.15%₹79,627 Cr
HDFCBANK14.3×1.78%₹11.26L Cr
ICICIBANK18.2×0.84%₹10.20L Cr
SBIN12.0×1.58%₹10.13L Cr
KOTAKBANK19.4×0.17%₹3.89L Cr
YESBANK18.9×0.00%₹71,218 Cr
AXISBANK13.9×0.08%₹3.85L Cr

Fundamentals from Screener.in, as of 9 Aug 2026

About INDUSIND BANK LIMITED: sector, index & market-cap context

INDUSIND BANK LIMITED (INDUSINDBK) is a mid-cap NSE-listed company in the Banking sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹79,627 Cr. See more stocks on our screener.

How the INDUSINDBK Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of INDUSIND BANK LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

INDUSINDBK analysis, FAQs

Is INDUSIND BANK LIMITED (INDUSINDBK) a good buy?

On the numbers, INDUSIND BANK LIMITED (INDUSINDBK) tread carefully, a Downstox Snapshot Score of 33/100, weighing expensive at 60.2× earnings, ROE of 1.4%, a 51% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is INDUSINDBK overvalued or undervalued?

INDUSINDBK trades at 60.2× earnings versus a peer median of 18.2×, so it screens richer than its Banking peers.

What is the INDUSINDBK share price target for 2031?

INDUSINDBK's probability-weighted 2031 median target is ₹1,097, with an 80% range of ₹354-₹3,398 (10,000-path Monte-Carlo).

What is the probability INDUSINDBK doubles in 5 years?

The modelled probability of INDUSINDBK reaching ₹2,044 (2×) within 5 years is 24%.

What is the bull case for INDUSINDBK?

Low price-to-book of 1.21×, the market is paying little over the company's net assets.

What are the risks in INDUSINDBK?

INDUSINDBK's P/E of 60.2x is lower than 21% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. INDUSINDBK's return on equity of 1.4% ranks in the 17th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

More on INDUSINDBK