Indiabulls Limited
Incorporated in 2007, Indiabulls Ltd is in the business of Real Estate and Financial Services[1]
- Market Cap ₹ 3,998 Cr.
- Current Price ₹ 17.2
- High / Low ₹ 21.2 / 8.90
- Stock P/E 139
- Book Value ₹ 12.0
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 2.00
Pros
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: | 3% |
| 5 Years: | -28% |
| 3 Years: | 6% |
| 1 Year: | 11% |
| 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 |
| Free Cash Flow | -14 | -31 | -99 | -537 | 15 | -244 | -212 | 950 | -490 | -11 | -12 | 5 |
| CFO/OP | 92% | 51% | 217% | -1,709% | -152% | 7,948% | 343% | 15,509% | 516% | 107% | 44% | -87% |
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% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Permanent Employee Count Count ・Standalone data |
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| Real Estate Pipeline Total Sellable Area (Owned + JV) Lakh Sqft |
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| Assets Under Management (ARC Platform) ₹ Cr |
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| Assets Under Management (Stock Broking Customers) ₹ Cr |
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| Average Trades per User growth (Stock Broking) % |
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Extracted by Screener AI
Documents
Announcements
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Clarification On Price Movement- Reply To Your Email Having Ref No.: L/SURV/ONL/PV/APJ/2026-2027/3732 Dated April 15, 2026
15 Apr - Indiabulls says no undisclosed information exists in response to BSE price-movement query.
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Clarification Sought from Indiabulls Ltd
15 Apr - Exchange has sought clarification from Indiabulls Ltd on April 15, 2026 with reference to significant movement in price, in order to ensure that investors have …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
- Closure of Trading Window 30 Mar
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Update On Business Developments Of Indiabulls Limited
20 Mar - Indiabulls enters JV to develop 2.38-acre Gurgaon commercial project; GDV estimated Rs.600 crore.
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
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Financial Year 2021
from bse
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Financial Year 2020
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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.