Indiabulls Limited
Incorporated in 2007, Indiabulls Ltd is in the business of Real Estate and Financial Services[1]
- Market Cap ₹ 4,653 Cr.
- Current Price ₹ 20.0
- High / Low ₹ 22.8 / 8.90
- Stock P/E 14.4
- Book Value ₹ 13.3
- Dividend Yield 0.00 %
- ROCE 16.2 %
- ROE 23.1 %
- Face Value ₹ 2.00
Pros
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 207 | 310 | 223 | 233 | 171 | 225 | 168 | 1 | 0 | 0 | -6 | 833 | |
| 163 | 225 | 193 | 182 | 173 | 281 | 163 | 95 | 11 | 5 | 2 | 557 | |
| Operating Profit | 45 | 85 | 31 | 51 | -2 | -56 | 5 | -93 | -11 | -5 | -8 | 277 |
| OPM % | 22% | 27% | 14% | 22% | -1% | -25% | 3% | -7,349% | -10,309% | -22,850% | -46% | 33% |
| 0 | 2 | 20 | 32 | 179 | -49 | 74 | 20 | 185 | 3 | 1 | -17 | |
| Interest | 13 | 45 | 36 | 43 | 42 | 130 | 125 | 57 | 87 | 19 | 60 | 43 |
| Depreciation | 17 | 36 | 27 | 28 | 26 | 32 | 29 | 2 | 1 | 0 | 0 | 37 |
| Profit before tax | 15 | 6 | -13 | 12 | 108 | -267 | -75 | -132 | 85 | -22 | -68 | 179 |
| 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 | |
| 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 |
| 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: | -14469% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 46% |
| 5 Years: | 37% |
| 3 Years: | 50% |
| TTM: | 575% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -25% |
| 3 Years: | 16% |
| 1 Year: | 48% |
| 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 | ||||||||
| Days Payable | 360 | 490 | 239 | |||||||||
| Cash Conversion Cycle | 4 | 68 | 77 | 118 | 190 | 131 | 180 | 167 | 1,560 | -0 | -0 | 33 |
| 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 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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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
6 May - Transcript of conference call on financial results for the quarter and financial year ended March 31, 2026.
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Audio Recording Of Conference Call - Financial Results For The Quarter And Financial Year Ended March 31, 2026
29 Apr - April 29, 2026 audio recording of Q4 and FY26 results conference call uploaded.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Apr - Audio recording of April 29, 2026 Q4 FY26 results conference call uploaded.
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Announcement under Regulation 30 (LODR)-Investor Presentation
29 Apr - Investor Presentation for the quarter and financial year ended March 31, 2026.
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Outcome Of Board Meeting Held On April 29, 2026
29 Apr - Board approved FY26 audited results; consolidated profit rose to ₹346.13 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
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
Concalls
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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.