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India Homes Ltd (ISIBARS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513361 NSE: ISIBARS Steel & Iron Products | Small Cap | India Homes Share Price
₹26.13 0.24 (0.93%)
As on 04-Nov'26 09:35
India Homes Ltd (ISIBARS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513361 NSE: ISIBARS Steel & Iron Products | Small Cap | India Homes Share Price
₹26.13 0.24 (0.93%)
As on 04-Nov'26 09:35
Key Metrics
Valuation Multiples
Market Cap
₹1,031 Cr.
Current Price
₹26.1
52-Week Low / High
₹9 / 32
TTM EPS
₹0.6
TTM Sales
₹26 Cr.
Book Value per Share
₹1.2
P/E Ratio
43.72
Industry PE
22.2
Price to Book (P/B)
21.34
Higher than its 5-year historical median
Price to Sales (P/S)
39.70
Higher than its 5-year historical median
EV/EBITDA
49.14
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
52.37%
Outperforms industry median
Return on Capital Employed (ROCE)
17.53%
Outperforms industry median
Return on Assets (ROA)
4.73%
Outperforms industry median
Operating Profit Margin
85.1%
Outperforms industry median
Net Profit Margin
76.14%
Outperforms industry median
Gross Profit Margin
76.6%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
244900%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
33.57%
Pledged shares (%) of Promoter's holding (%)
10.12%
Reserves
₹9 Cr.
Equity
₹39.8 Cr.
Face Value
₹1
All Time Low / High
₹0.16 / 35.45
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Quality
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Valuation
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Price Trend
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Is India Homes Ltd a good quality company?
India Homes Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does India Homes Ltd performance compare with that of its Peers?
Revenue growth of India Homes Ltd vs industry peers?
India Homes Ltd revenue CAGR is -29.81%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of India Homes Ltd?
Promoters hold 33.57% of the India Homes Ltd, with 10.12% of their stake pledged, indicating high pledge risk.
Stock return of India Homes Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.8% based on the current price.
10 Year X-Ray : Login to view analysis.
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
India Homes Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.5% | 7.4% | 2.9% | -3.8% | -4.1% | -20.9% | -20.9% | -1.2% | -7% | 17.5% | - |
| Value Creation Index ⓘ | -0.5 | -0.5 | -0.8 | -1.3 | -1.3 | -2.5 | -2.5 | -1.1 | -1.5 | 0.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,086 | 949 | 532 | 140 | 144 | 23.8 | 4.7 | 0.8 | 0 | 24.5 | 26 |
| Sales YoY Gr. | - | -12.6% | -44% | -73.8% | 3.1% | -83.5% | -80.2% | -82.6% | -98.8% | 2,44,900% | - |
| Adj EPS ⓘ | -0.1 | 0.2 | -0.1 | -0.4 | -0.6 | -1.3 | -0.8 | -0.4 | -0.4 | 0.5 | 0.6 |
| YoY Gr. | - | NA | -140% | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 4.4 | 4.5 | 4.4 | 3.9 | 3.4 | 2.2 | 1.2 | 1 | 0.7 | 1.1 | 1.2 |
| Adj Net Profit ⓘ | -1.8 | 8.1 | -3.1 | -16.1 | -23.2 | -50 | -33.3 | -15.6 | -14.6 | 19.1 | 23 |
| Cash Flow from Ops. ⓘ | 19.3 | 22.1 | -3.7 | -42.4 | -40 | -3.9 | -1 | -21.9 | -6.3 | 12.9 | - |
| Debt/CF from Ops. ⓘ | 6 | 4.4 | -25.1 | -2.6 | -3.1 | -16.4 | -64.7 | -4.3 | -16.3 | 7.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -34.4% | -29.8% | 73.3% | 244900% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -14% | -19.8% | -2.5% | 71.2% | ||||
| Share Price | 19.7% | 75.9% | 135.9% | 105.8% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -0.9 | 4.6 | -1.8 | -9.8 | -16 | -45.2 | -49.6 | -35.4 | -44.2 | 53.6 | 50.4 |
| Op. Profit Mgn % ⓘ | 2.2 | 0.6 | -0.7 | -22.5 | -26.2 | -253.4 | -390.3 | -742.1 | -68916 | 85.1 | 95.1 |
| Net Profit Mgn % ⓘ | -0.2 | 0.9 | -0.6 | -11.5 | -16.1 | -209.8 | -707.8 | -1914.8 | -194711.7 | 78 | 90.5 |
| Debt to Equity ⓘ | 0.7 | 0.5 | 0.5 | 0.7 | 0.9 | 0.7 | 1.4 | 2.3 | 3.9 | 2 | - |
| Working Cap Days ⓘ | 95 | 116 | 226 | 881 | 804 | 3,933 | 15,610 | 85,566 | 93,07,167 | 2,858 | 138 |
| Cash Conv. Cycle ⓘ | -4 | 0 | -5 | 8 | 244 | 2,594 | 9,933 | 55,929 | 65,79,925 | -30,358 | -116 |
Valuation of India Homes - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 23.78 | 23.78 | 0.42 | 0.55 | 0.56 | 0.56 | 0.57 | 0.57 | 9.92 | 10.12 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,086 | 949 | 532 | 140 | 144 | 24 | 5 | 1 | 0 | 25 |
| Operating Expenses ⓘ + | 1,062 | 949 | 539 | 177 | 182 | 85 | 25 | 7 | 6 | 4 |
| Operating Profit ⓘ | 24 | 1 | -7 | -38 | -38 | -61 | -20 | -6 | -6 | 20 |
| Operating Profit Margin (%) | 2.2% | 0.1% | -1.3% | -26.9% | -26.3% | -257.0% | -424.0% | -755.0% | -75,994.7% | 82.5% |
| Other Income ⓘ + | 14 | 30 | 26 | 38 | 37 | 9 | 2 | 6 | 1 | 3 |
| Interest ⓘ | 19 | 17 | 13 | 10 | 9 | 8 | 8 | 10 | 4 | 5 |
| Depreciation ⓘ | 18 | 8 | 11 | 11 | 8 | 8 | 7 | 8 | 7 | 0 |
| Profit Before Tax ⓘ | 0 | 4 | -5 | -20 | -20 | -51 | -36 | -12 | -13 | 19 |
| Tax ⓘ | 0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 4 | -5 | -20 | -20 | -51 | -36 | -12 | -13 | 19 |
| PAT Margin (%) | 0.0% | 0.4% | -1.0% | -14.1% | -13.8% | -212.0% | -764.0% | -1,424.6% | -1,78,580.0% | 76.1% |
| Adjusted EPS (₹) | 0.0 | 0.1 | -0.1 | -0.5 | -0.5 | -1.3 | -0.9 | -0.3 | -0.3 | 0.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 175 | 180 | 174 | 155 | 135 | 86 | 49 | 40 | 26 | 45 | |
| Debt + | 115 | 97 | 93 | 110 | 125 | 64 | 67 | 93 | 102 | 91 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 197 | 219 | 211 | 89 | 81 | 188 | 168 | 164 | 162 | 159 | |
| Others Liabilities ⓘ | 63 | 82 | 116 | 223 | 193 | 101 | 123 | 106 | 101 | 102 | |
| Total Liabilities ⓘ | 550 | 578 | 594 | 577 | 535 | 437 | 407 | 402 | 392 | 397 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 228 | 245 | 249 | 239 | 231 | 224 | 216 | 209 | 202 | 202 | |
| CWIP ⓘ | 19 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 2 | 2 | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 166 | 192 | 151 | 65 | 238 | 170 | 136 | 135 | 135 | 137 | |
| Trade Receivables | 29 | 38 | 38 | 13 | 10 | 0 | 0 | 0 | 0 | 0 | |
| Cash Equivalents | 3 | 1 | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Others Assets ⓘ | 103 | 88 | 151 | 255 | 52 | 42 | 53 | 58 | 54 | 57 | |
| Total Assets ⓘ | 550 | 578 | 594 | 577 | 535 | 437 | 407 | 402 | 392 | 397 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 19 | 22 | -4 | -42 | -40 | -4 | -1 | -22 | -6 | 13 |
| Cash Flow From Investing Activity ⓘ + | -16 | -18 | -5 | 0 | 1 | -0 | 0 | -0 | -0 | -0 |
| Cash Flow From Financing Activity ⓘ + | -4 | -6 | 9 | 42 | 39 | 3 | 1 | 22 | 6 | -12 |
| Net Cash Flow ⓘ | -0 | -2 | 0 | -0 | 0 | -1 | 0 | -0 | 0 | 0 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.2 | 2.36 | -3.04 | -11.97 | -13.66 | -45.86 | -53.58 | -26.33 | -40.52 | 52.37 |
| ROCE (%) | 6.54 | 7.39 | 2.91 | -3.78 | -4.11 | -20.86 | -20.91 | -1.19 | -7.03 | 17.53 |
| Asset Turnover Ratio | 2.09 | 1.72 | 0.91 | 0.24 | 0.26 | 0.05 | 0.01 | 0 | 0 | 0.06 |
| PAT to CFO Conversion(x) | N/A | 5.5 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.68 |
| Working Capital Days | ||||||||||
| Receivable Days | 15 | 12.60 | 26.10 | 67 | 29.90 | 81.10 | 19.30 | 0 | 0 | 0 |
| Inventory Days | 48 | 67.60 | 117.70 | 283.10 | 385 | 3,128.90 | 0 | 0 | 0 | 2,028.20 |
| Payable Days | 78.60 | 93.70 | 189.30 | 554.10 | 201.20 | 2,009.80 | 8,368.90 | 0 | 0 | 0 |
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Announcements
Annual reports
No annual reports available.
Concalls
No concalls available.
India Homes Ltd FAQs
The current trading price of India Homes on 04-Nov-2026 09:35 is ₹26.13.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Nov-2026 the market cap of India Homes stood at ₹1,030.6 Cr
The latest P/E ratio of India Homes as of 03-Nov-2026 is 43.72.
The latest P/B ratio of India Homes as of 03-Nov-2026 is 21.34.
The 52-week high of India Homes is ₹31.93 and the 52-week low is ₹9.04.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of India Homes is ₹25.96 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that India Homes Ltd is a below average quality company.
The key valuation ratios of India Homes Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of India Homes Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About India Homes Ltd
India Steel Industries, previously called Isibars, has been producing bright bars since 1957. In addition to its bright bar plant in Central Mumbai, in 1990 it set up another plant in Turbhe, Navi Mumbai for the manufacture of stainless steel bright bars. Soon thereafter, the company was listed on the Bombay Stock Exchange with an initial public offer of Rs.16.7 million, which was heavily oversubscribed.
The company integrated backwards into steel melting and hot-rolling by acquiring a plant in Khopoli, and expanded capacity, upgraded technology and increased product range. It then started a wire division by setting up a wire-drawing plant at Savroli under the name Isinox Steels. In 1998 it acquired a state-of-the-art bar & rod rolling mill from Pomini S.p.A. of Italy.
Through continuous process and product improvement, and a commitment to customer satisfaction, India Steel is well on its way to becoming a leading global player in stainless steel long products
Products:
1. Grades Of Steel-• Austenitic Stainless Steels• Ferritic and Martensitic Stainless Steels• Carbon Alloy Steels
2. Hot Rolled Products-• Wire Rods• Round Bars• Cast Billets• Rolled Billets
3. Bright Bar Products
4. Wires
Divisions:
1. STEEL MELT SHOP
The steel melt shop at Khopoli has two melting furnaces, an Induction Furnace and an Electric Arc Furnace. After melting, the steel is refined in the Ladle Furnace or AOD Converter and sent forward to the Continuous Casting Machine which casts the liquid metal into billets of required dimensions.
2. ROLLING MILLS
The company runs two mills – a Continuous Bar & Rod Mill and a Cross-country Bar Mill. A wide range of hot-rolled long products is available to its customers from these two mills. The Continuous Bar and Rod Rolling Mill, supplied by M/s. Pomini S.P.A of Italy (now VAI), was commissioned in the year 1998. One of the most technologically advanced Bar and Rod Mills in India, it is equipped with sophisticated ABB automation systems and is capable of making wire rods and rounds to precise specifications. The Cross-country Bar Mill has been fully renovated and produces round bars and utensil-grade wide-flats.
3. BRIGHT BAR DIVISION
The Bright Bar Division manufactures a wide range of bright bars, specialising in stainless steel, through different processes like heat treatment, quenching and tempering, pickling, cold drawing, peeling, smooth turning, centreless grinding and polishing.
4. WIRE FACILITY
Its wire drawing facility is capable of manufacturing stainless steel wires of different sizes, finishes, conditions and coil weights. It makes wires from diameter 1mm to 8mm with coil-diameters, weights and packing as per the customer’s requirements.
Awards and achievements:
• India Steel’s facilities and machinery are ISO 9001 certified by IRQS.
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