Indiabulls Limited
Incorporated in 2007, Indiabulls Ltd is in the business of Real Estate and Financial Services[1]
- Market Cap ₹ 2,192 Cr.
- Current Price ₹ 9.47
- High / Low ₹ 21.2 / 9.25
- Stock P/E 76.4
- Book Value ₹ 12.0
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.79 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 32.9%
- Earnings include an other income of Rs.37.6 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 276 | 207 | 310 | 223 | 233 | 171 | 225 | 168 | 1 | 0 | 0 | -6 | 425 | |
| 218 | 163 | 225 | 193 | 182 | 173 | 281 | 163 | 95 | 11 | 5 | 2 | 325 | |
| Operating Profit | 58 | 45 | 85 | 31 | 51 | -2 | -56 | 5 | -93 | -11 | -5 | -8 | 100 |
| OPM % | 21% | 22% | 27% | 14% | 22% | -1% | -25% | 3% | -7,349% | -10,309% | -22,850% | -46% | 23% |
| 2 | 0 | 2 | 20 | 32 | 179 | -49 | 74 | 20 | 185 | 3 | 1 | 38 | |
| Interest | 2 | 13 | 45 | 36 | 43 | 42 | 130 | 125 | 57 | 87 | 19 | 60 | 78 |
| Depreciation | 10 | 17 | 36 | 27 | 28 | 26 | 32 | 29 | 2 | 1 | 0 | 0 | 28 |
| Profit before tax | 47 | 15 | 6 | -13 | 12 | 108 | -267 | -75 | -132 | 85 | -22 | -68 | 31 |
| Tax % | 9% | -21% | -18% | 1% | 37% | 28% | 10% | 17% | 11% | -12% | 0% | 0% | |
| 43 | 18 | 7 | -13 | 8 | 78 | -293 | -88 | -146 | 95 | -22 | -68 | 100 | |
| EPS in Rs | 8.48 | 3.50 | 1.40 | -4.15 | 0.63 | 8.21 | -33.09 | -10.58 | -16.32 | 9.45 | -2.15 | -6.79 | -4.71 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 159% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 92% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 15% |
| TTM: | 205% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -41% |
| 3 Years: | -10% |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 11 | 18 | 18 | 18 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 856 | 870 | 877 | 310 | 472 | 1,415 | 290 | 394 | -314 | -243 | -254 | -296 | 2,779 |
| 31 | 293 | 447 | 697 | 671 | 342 | 1,141 | 332 | 502 | 214 | 244 | 263 | 495 | |
| 79 | 62 | 727 | 138 | 72 | 196 | 235 | 881 | 85 | 46 | 36 | 37 | 629 | |
| Total Liabilities | 976 | 1,235 | 2,060 | 1,155 | 1,226 | 1,971 | 1,684 | 1,625 | 294 | 38 | 46 | 24 | 3,923 |
| 469 | 690 | 937 | 604 | 502 | 420 | 355 | 235 | 6 | 1 | 0 | 0 | 630 | |
| CWIP | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 222 | 874 | 541 | 589 | 48 | 22 | 31 | 3 | 15 |
| 507 | 539 | 1,124 | 551 | 502 | 677 | 788 | 801 | 239 | 15 | 14 | 21 | 3,278 | |
| Total Assets | 976 | 1,235 | 2,060 | 1,155 | 1,226 | 1,971 | 1,684 | 1,625 | 294 | 38 | 46 | 24 | 3,923 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 48 | 21 | 168 | -529 | -76 | -175 | -218 | 841 | -487 | -11 | -12 | 5 | |
| -58 | -45 | -271 | 571 | -19 | -549 | -499 | 179 | 328 | 223 | 0 | 54 | |
| 11 | 19 | 107 | -30 | 97 | 709 | 717 | -1,004 | 157 | -212 | 12 | -41 | |
| Net Cash Flow | 0 | -5 | 4 | 13 | 2 | -14 | -0 | 16 | -2 | -1 | -0 | 19 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 134 | 68 | 77 | 158 | 185 | 131 | 180 | 167 | 1,560 | 0 | 0 |
| Inventory Days | 440 | 229 | 450 | 244 | 0 | |||||||
| Days Payable | 347 | 360 | 490 | 239 | ||||||||
| Cash Conversion Cycle | 178 | 4 | 68 | 77 | 118 | 190 | 131 | 180 | 167 | 1,560 | 0 | 0 |
| Working Capital Days | 529 | 294 | 364 | 53 | -457 | 668 | -1,125 | -780 | -15,801 | -105,916 | -457,528 | -17,180 |
| ROCE % | 6% | 3% | 4% | 2% | 3% | 1% | 1% | 2% | -14% | 174% | -338% |
Documents
Announcements
- Outcome Of Board Meeting Held On February 2, 2026 2 Feb
-
Business Update For The Quarter Ended December 31, 2025
2 Feb - Q3 FY26 post-merger results: Revenue ₹102.6 Cr, PAT ₹78.4 Cr; ₹3,000+ Cr FY sales target; ARC AUC ~₹3,800 Cr
-
Board Meeting Outcome for Outcome Of Board Meeting Held On February 2, 2026
2 Feb - Board approved Q3/9M results to Dec 31, 2025; shares listed Dec 26, 2025; 26.99M ESOPs.
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
29 Jan - Postal ballot resolutions approved; e-voting results and scrutinizer report; passed January 28, 2026.
-
Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results Of Indiabulls Limited (Formerly Yaari Digital Integrated Services Limited) ('The Company') For The Quarter And Nine Months Ended December 31, 2025
28 Jan - Board meeting Feb 2, 2026 to approve Q3/9M results ended Dec 31, 2025; trading window closed till Feb 4.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Business Overview:[1]
Indiabulls Ltd is engaged in real estate development and select financial services
businesses. The co. develops residential and commercial properties across key Indian
markets and also operates businesses in stockbroking, digital payments, asset -
reconstruction, and technology-enabled small and medium enterprise lending.