MarketFriction

Indiabulls Limited

NSE IBULLSLTD · BSE 533520 · Diversified Commercial Services
₹29.43 -0.61%
NSE close2026-10-01
52 week range8.90 - 32.50
Market cap₹6,980 Cr.
P/E14.4
Price band 5% Delivery 62.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0-0001151061029223697409359
Expenses12101038228478129111238206
Operating Profit-1-2-1-01224-18214107-14170154
OPM %11%23%-180%15%45%-15%42%43%
Other Income030012144812206-5525
Interest456522713815101010
Depreciation00001010101010998
Profit before tax-6-4-7-5-822-1577103-2896161
Tax %0%0%0%0%69%114%4%125%27%-384%-102%12%
Net Profit-6-4-7-5-13-3-164-27578194141
EPS in Rs-0.57-0.37-0.67-0.53-1.17-0.37-16.260.040.070.340.840.61
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales310223233171225168100-68331,101
Expenses225193182173281163951152557684
Operating Profit853151-2-565-93-11-5-8277417
OPM %27%14%22%-1.2%-25%3.2%-7,349%-10,309%-22,850%-46%33%38%
Other Income22032179-49742018531-17-4
Interest45364342130125578719604344
Depreciation36272826322921003736
Profit before tax6-1312108-267-75-13285-22-68179333
Tax %-18%1%37%28%10%17%11%-12%0%0%-93%
Net Profit7-13878-293-88-14695-22-68346489
EPS in Rs1.40-4.150.638.21-33.09-10.58-16.329.45-2.15-6.791.181.86
Dividend Payout %0%0%159%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%38%1864%166%
Compounded Profit Growth46%37%50%371%
Stock Price CAGR3%-20%40%68%
Return on Equity%%%23%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1010101118181820202020447
Reserves8708773104721,415290394-314-243-254-2962,637
Borrowings2934476976713421,141332502214244263459
Other Liabilities627271387219623588185463637632
Total Liabilities1,2352,0601,1551,2261,9711,6841,6252943846244,173
Fixed Assets6909376045024203552356100571
CWIP600000100000
Investments0002228745415894822313118
Other Assets5391,1245515026777888012391514213,484
Total Assets1,2352,0601,1551,2261,9711,6841,6252943846244,173
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity21168-529-76-175-218841-487-11-125194
Cash from Investing Activity-45-271571-19-549-49917932822305438
Cash from Financing Activity19107-3097709717-1,004157-21212-41-216
Net Cash Flow-54132-14-016-2-1-01917
Free Cash Flow-31-99-53715-244-212950-490-11-125161
CFO/OP51%217%-1,709%-152%7,948%343%15,509%516%107%44%-87%68%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days13468771581851311801671,5600033
Inventory Days22945024401,151
Days Payable360490239497
Cash Conversion Cycle468771181901311801671,56000687
Working Capital Days29436453-457668-1,125-780-15,801-105,916-457,528-17,180629
ROCE %3%4%2%3%1%1%2%-14%174%-338%16%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters27.46%27.46%27.46%27.46%27.46%27.46%27.46%27.46%27.46%32.89%32.89%32.91%
FIIs10.47%9.15%9.06%8.47%0.00%0.01%0.50%0.53%1.29%17.92%17.00%17.08%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.05%0.05%0.08%0.16%0.11%
Public60.32%61.64%61.75%62.33%70.81%70.78%70.29%70.21%69.46%45.21%46.05%45.99%
Others1.75%1.75%1.75%1.75%1.75%1.75%1.75%1.75%1.75%3.92%3.92%3.91%
No. of Shareholders67,17166,64966,49365,36964,67863,44761,70560,24756,6612,50,0822,49,9152,49,884

Fundamentals

Market Cap₹ 6,980 Cr.
Current Price₹ 29.9
Stock P/E14.4
Book Value₹ 13.3
ROCE16.2 %
ROE23.1 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)166%
Compounded Profit Growth (TTM)371%
Consolidated figures.
Valuation
Market capRs 6,864 Cr
Enterprise valueRs 6,573 Cr
P/E (TTM)16.38x
Price to book2.23x
Price to sales6.23x
EV / EBITDA15.92x
EV / EBIT17.42x
EV / sales5.97x
Price to cash flow35.43x
Earnings yield6.11%
P/B, 3-year average-0.45x
P/E, 5-year average1.04x
P/B, 5-year average-0.76x
Profitability
Operating margin (excl. other income)33.19%
Operating margin (incl. other income)31.09%
EBITDA margin37.49%
Pre-tax margin30.24%
Net profit margin38.06%
Net margin, latest quarter39.78%
ROE19.51%
ROCE12.61%
ROA13.05%
ROE, 3-year average18.57%
ROCE, 3-year average-194.64%
ROA, 3-year average-78.54%
ROE, 5-year average-45.78%
ROCE, 5-year average-58.13%
ROA, 5-year average-38.70%
ROIC (approx.)26.09%
Tax rate-93.09%
Other income / net worth-0.57%
Growth
Sales growth (latest year)-14468.62%
Sales CAGR, 3 years1864.04%
Sales CAGR, 5 years37.68%
Profit CAGR, 3 years42.40%
Sales growth QoQ-12.01%
Profit growth QoQ-27.05%
Sales growth YoY (latest quarter)292.33%
Profit growth YoY (latest quarter)35647.50%
Per share
EPS (TTM)Rs 1.80
EPS (latest quarter)Rs 0.61
EPS, 3-year averageRs -4.55
EPS, 5-year averageRs -3.56
Book value per shareRs 13.22
Sales per shareRs 4.72
Cash flow per shareRs 0.83
Free cash flow per shareRs 0.69
Efficiency
Asset turnover0.20x
Fixed asset turnover1.46x
Inventory turnover0.32x
Inventory days1151 days
Debtor days33 days
Debtors turnover10.92x
Creditor days497 days
Cash conversion cycle687 days
Working capital days629 days
Leverage
Total debtRs 459 Cr
Cash and bankRs 750 Cr
Net debtRs -291 Cr
Debt to equity0.15x
Net debt / EBITDA-0.70x
Interest coverage8.51x
Owners' fund to total sources73.88%
Debt to assets10.99%
Cash flow
Cash from Operating Activity (latest year)Rs 194 Cr
Cash from Investing Activity (latest year)Rs 38 Cr
Cash from Financing Activity (latest year)Rs -216 Cr
Net Cash Flow (latest year)Rs 17 Cr
Free cash flow (latest year)Rs 161 Cr
FCFE (approx.: FCF + change in debt)Rs 356 Cr
Cash from ops / profit, 5 years-1.52x
Sales to cash flow4.30x
Statement figures
Net sales (TTM)Rs 1,101 Cr
Net sales (latest year)Rs 833 Cr
Sales (latest quarter)Rs 359 Cr
Operating profit excl. other income (latest year)Rs 277 Cr
Operating profit (latest quarter)Rs 154 Cr
Other income (TTM)Rs -4 Cr
EBITDA (TTM)Rs 413 Cr
PBDT (TTM)Rs 369 Cr
Profit before tax (TTM)Rs 333 Cr
Tax (latest year)Rs -167 Cr
Net profit (TTM)Rs 419 Cr
Net profit (latest year)Rs 274 Cr
Net profit (latest quarter)Rs 143 Cr
Depreciation (TTM)Rs 36 Cr
Depreciation (latest quarter)Rs 8 Cr
Interest (TTM)Rs 44 Cr
Cost of goods sold (latest year)Rs 118 Cr
Total expenditure (latest year)Rs 557 Cr
Total income (latest year)Rs 816 Cr
Share capitalRs 447 Cr
ReservesRs 2,637 Cr
Shareholders' fundsRs 3,083 Cr
Total assetsRs 4,173 Cr
Net blockRs 571 Cr
InvestmentsRs 118 Cr
ReceivablesRs 76 Cr
InventoryRs 371 Cr
Other liabilitiesRs 632 Cr
Shares outstanding (crore)233.22
Ownership
Promoter holding32.91% (+5.45 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 16.4 is at the 4th percentile of its own 2.3-year range (median 26.9, low 14.6, high 386.7).
P/B 2.23 is at the 5th percentile (median 40.71).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodIBULLSLTDNifty 50Difference
1 week+3.6%-2.8% +6.4 pts
1 month+15.7%-6.8% +22.5 pts
3 months+0.4%-7.6% +8.1 pts
6 months+222.0%+0.4% +221.6 pts
1 year+94.9%-9.9% +104.8 pts
2 years+185.5%-13.6% +199.0 pts
3 years+168.8%+14.2% +154.6 pts
5 years-70.1%+27.9% -98.0 pts

Red flags

F-score 5 of 7
explainShare dilution Share count up 2215% in a year, 2215% in three
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-24Phanes Ltd along with pacPromoter groupbuy2,241,914SAST Preferential Allotm
2026-09-24Hermes Ltd along with pacPromoter groupbuy2,241,914SAST Preferential Allotm
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹359 Cr +290.2% vs Jun 2025. Net profit ₹141 Cr +7150.0%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
International Gemological Institute Limited14,01523.069.2 %
Wework India Management Ltd9,26510720.6 %
NESCO Ltd7,33117.618.5 %
NDR INVIT Trust6,91669.55.08 %
Inox Green Energy Services Ltd6,58353.78.42 %
Leap India Ltd6,0461048.34 %
Smartworks Coworking Spaces Ltd5,8712118.29 %
Nirlon Ltd5,46015.330.8 %
Quess Corp Ltd5,10919.824.0 %
Indiqube Spaces Ltd4,1486.38 %
Sanghvi Movers Ltd3,93019.215.6 %
CMS Info Systems Ltd3,67512.217.9 %
Hemisphere Properties India Ltd3,274-1.14 %
EFC (I) Ltd2,57810.019.8 %
TVS Infrastructure Trust2,34745.4%
No bulk or block deals on record.
Ex-dateActionFactor
2024-09-19Annual General Meeting
2023-09-21Annual General Meeting
2022-09-23Annual General Meeting
2022-09-01Demerger
2021-09-23 Annual General Meeting
2020-11-09 Annual General Meeting
2019-09-26 Annual General Meeting
2018-09-19 Annual General Meeting
2018-05-11 Interim Dividend - Re 1 Per Share
2017-09-20 Annual General Meeting
2016-09-15 Annual General Meeting
2015-09-16 Annual General Meeting
2014-09-17Annual General Meeting
2013-09-20Annual General Meeting
2013-05-06Interim Dividend Re.1/- Per Equity Share
2012-09-21Annual General Meeting
2011-09-22Annual General Meeting
DateTypeWhat it says
2026-10-02UpdatesDisclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-10-02Granting/withdrawal/surrendeReceipt of certificate of registration as CIC
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 200perc in previous 365 Days

Quick answers

What is the market cap of Indiabulls Limited?

Indiabulls Limited (IBULLSLTD) has a market capitalisation of Rs 6,980 Cr. at the 2026-10-01 close.

What is the P/E ratio of Indiabulls Limited?

Indiabulls Limited trades at a P/E of 14.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Indiabulls Limited's latest quarterly results?

In the Jun 2026 quarter, Indiabulls Limited sales was Rs 359 Cr (+290.2% vs Jun 2025) and net profit was Rs 141 Cr.

What is the 52-week high and low of Indiabulls Limited?

The 52-week high is Rs 32.50 and the 52-week low is Rs 8.90.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03