Buy Indusind Bank; target of Rs 1186: YES Securities

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

YES Securities' research report on Indusind Bank

Asset quality: Gross slippages amounted to Rs 20.88bn (annualized slippage ratio of 3.5%) and recoveries and upgrades amounted to Rs 9.97bn Margin picture: NIM at 4.20% inched up 10 bp QoQ aided by lower cost of funds Asset growth: Advances grew 4.6%/12.4% QoQ/YoY driven sequentially by large corporates and retail loans Opex control: Total opex rose 3.8%/13.6% QoQ/YoY, employee expenses rose 6.2%/10.7% QoQ/YoY and other expenses rose 3.0%/14.6% QoQ/YoY Fee income: Core fee income rose 8.2%/9.0% QoQ/YoY driven sequentially by distribution fees and loan processing fees.

Outlook

We maintain ‘Buy’ rating on IIB with a revised price target of Rs 1186: We value the bank at 1.8x FY23 P/BV for an FY23E/24E RoE profile of 13.7/14.5%.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More