Indiabulls Limited
Incorporated in 2007, Indiabulls Ltd is in the business of Real Estate and Financial Services[1]
- Market Cap ₹ 5,959 Cr.
- Current Price ₹ 25.6
- High / Low ₹ 32.5 / 8.90
- Stock P/E 12.3
- Book Value ₹ 13.3
- Dividend Yield 0.00 %
- ROCE 16.2 %
- ROE 23.1 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 36.6% CAGR over last 5 years
Cons
- Promoter holding is low: 32.9%
- Working capital days have increased from -1,58,026 days to 629 days
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 207 | 310 | 223 | 233 | 171 | 225 | 168 | 1 | 0 | 0 | -6 | 833 | 1,101 | |
| 163 | 225 | 193 | 182 | 173 | 281 | 163 | 95 | 11 | 5 | 2 | 557 | 684 | |
| Operating Profit | 45 | 85 | 31 | 51 | -2 | -56 | 5 | -93 | -11 | -5 | -8 | 277 | 417 |
| OPM % | 22% | 27% | 14% | 22% | -1.2% | -25% | 3.2% | -7,349% | -10,309% | -22,850% | -46% | 33% | 38% |
| 0 | 2 | 20 | 32 | 179 | -49 | 74 | 20 | 185 | 3 | 1 | -17 | -4 | |
| Interest | 13 | 45 | 36 | 43 | 42 | 130 | 125 | 57 | 87 | 19 | 60 | 43 | 44 |
| Depreciation | 17 | 36 | 27 | 28 | 26 | 32 | 29 | 2 | 1 | 0 | 0 | 37 | 36 |
| Profit before tax | 15 | 6 | -13 | 12 | 108 | -267 | -75 | -132 | 85 | -22 | -68 | 179 | 333 |
| Tax % | -21% | -18% | 1% | 37% | 28% | 10% | 17% | 11% | -12% | 0% | 0% | -93% | |
| 18 | 7 | -13 | 8 | 78 | -293 | -88 | -146 | 95 | -22 | -68 | 346 | 489 | |
| EPS in Rs | 3.50 | 1.40 | -4.15 | 0.63 | 8.21 | -33.09 | -10.58 | -16.32 | 9.45 | -2.15 | -6.79 | 1.18 | 1.86 |
| Dividend Payout % | 0% | 0% | 0% | 159% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 38% |
| 3 Years: | 1864% |
| TTM: | 166% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 46% |
| 5 Years: | 37% |
| 3 Years: | 50% |
| TTM: | 371% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -21% |
| 3 Years: | 32% |
| 1 Year: | 60% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 11 | 18 | 18 | 18 | 20 | 20 | 20 | 20 | 447 |
| Reserves | 870 | 877 | 310 | 472 | 1,415 | 290 | 394 | -314 | -243 | -254 | -296 | 2,637 |
| 293 | 447 | 697 | 671 | 342 | 1,141 | 332 | 502 | 214 | 244 | 263 | 459 | |
| 62 | 727 | 138 | 72 | 196 | 235 | 881 | 85 | 46 | 36 | 37 | 632 | |
| Total Liabilities | 1,235 | 2,060 | 1,155 | 1,226 | 1,971 | 1,684 | 1,625 | 294 | 38 | 46 | 24 | 4,173 |
| 690 | 937 | 604 | 502 | 420 | 355 | 235 | 6 | 1 | 0 | 0 | 571 | |
| CWIP | 6 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 222 | 874 | 541 | 589 | 48 | 22 | 31 | 3 | 118 |
| 539 | 1,124 | 551 | 502 | 677 | 788 | 801 | 239 | 15 | 14 | 21 | 3,484 | |
| Total Assets | 1,235 | 2,060 | 1,155 | 1,226 | 1,971 | 1,684 | 1,625 | 294 | 38 | 46 | 24 | 4,173 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21 | 168 | -529 | -76 | -175 | -218 | 841 | -487 | -11 | -12 | 5 | 194 | |
| -45 | -271 | 571 | -19 | -549 | -499 | 179 | 328 | 223 | 0 | 54 | 38 | |
| 19 | 107 | -30 | 97 | 709 | 717 | -1,004 | 157 | -212 | 12 | -41 | -216 | |
| Net Cash Flow | -5 | 4 | 13 | 2 | -14 | -0 | 16 | -2 | -1 | -0 | 19 | 17 |
| Free Cash Flow | -31 | -99 | -537 | 15 | -244 | -212 | 950 | -490 | -11 | -12 | 5 | 161 |
| CFO/OP | 51% | 217% | -1,709% | -152% | 7,948% | 343% | 15,509% | 516% | 107% | 44% | -87% | 68% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 134 | 68 | 77 | 158 | 185 | 131 | 180 | 167 | 1,560 | 0 | 0 | 33 |
| Inventory Days | 229 | 450 | 244 | 0 | 1,151 | |||||||
| Days Payable | 360 | 490 | 239 | 497 | ||||||||
| Cash Conversion Cycle | 4 | 68 | 77 | 118 | 190 | 131 | 180 | 167 | 1,560 | 0 | 0 | 687 |
| Working Capital Days | 294 | 364 | 53 | -457 | 668 | -1,125 | -780 | -15,801 | -105,916 | -457,528 | -17,180 | 629 |
| ROCE % | 3% | 4% | 2% | 3% | 1% | 1% | 2% | -14% | 174% | -338% | 16% |
Insights
In beta| Mar 2026 | |
|---|---|
| ARC - Assets Under Collection INR Cr |
|
| Real Estate - Area Sold lakh sqft |
|
| Real Estate - Collections INR Cr |
|
| Real Estate - Sales Booked INR Cr |
|
| Real Estate - Total GDV Portfolio INR Cr |
|
| Real Estate - Total Sellable Area lakh sqft |
|
| Stock Broking - Active Accounts number |
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| Stock Broking - Client Assets INR Cr |
Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment
- On August 19, 2026, Indiabulls allotted 26,60,700 shares under ESOP 2025; paid-up capital rose to Rs. 466.44 crore.
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Update On Hearing In PIL Against Promoter
- EOW report dated 11 Aug 2026 says 197 loans worth ₹8,267.86 crore repaid, with no quid pro quo evidence.
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Clarification To Stock Exchanges On In-Principle Application For Preferential Issue Of The Company
- Filed in-principle approval for 51.55 crore warrants on preferential basis; updated shareholding and valuation corrigendum issued.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Indiabulls Q1 FY27 revenue ₹384.4 crore, PAT ₹141 crore; approved ₹1,000.07 crore preferential capital raise.
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Announcement under Regulation 30 (LODR)-Investor Presentation
- Please find attached Earning Update for the quarter ended June 30, 2026.
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
from nse
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Annual Report 2013
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Annual Report 2012
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Concalls
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Jul 2026TranscriptAI SummaryPPT
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May 2026Transcript PPT
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.