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Indiabulls Real Estate Ltd. Stock Analysis

Small Cap
Evaluated by 2012 users | BSE: 532832 | NSE: IBREALEST |
Construction - Real Estate
Indiabulls Real Estate (IBREL), incorporated in 2006, is India’s third largest property company. It has various development projects in the residential, commercial, hotels, malls, and Special Economic Zone (SEZ) segments.IBREL's projects portfolio includes high-end office and commercial...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
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.
Indiabulls Real Estate 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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 1.17%1.42%5.32%3.64%2.67%2.49%2.77%2.27%3.24%2.08%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 15914235584.935.517.427.282.4117363
Y-o-Y Gr. Rt.--10.7%149.8%-76.1%-58.2%-51%56.5%202.8%42.1%209.9%
Adjusted EPS (Rs.) 1.120.316.333.360.540.270.2-0.62.31-0.22
Y-o-Y Gr. Rt.--72.3%1941.9%-46.9%-83.9%-50%-25.9%-400%NA-109.5%
Book Value per Share (Rs.) 147.68121.97134.23135.16135.51132.13128.92145.84144.72141.71
Adjusted Net Profit 45.214.62691432312.49.7-28.4104-10.2
Net Op. Cash Flow (Rs. Cr.) 22.5116186-64.312.6-483385-57.326111
Debt to Cash Flow from Ops 70.839.685.65-27.55223.75-6.368.97-56.04154.2920.47
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Indiabulls Real Estate Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 9.6%59.2%137.2%209.9%
Adjusted EPS -183.5%-183.6%-203.2%-109.5%
Book Value per Share -0.50.93.2-2.1
Share Price 0.4% 2.5% -31% 8.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 0.730.254.682.50.40.20.15-0.431.54-0.16
Operating Profit Margin (%) 69.2349.2869.229.0512.29-169.67-61.254.4669.4428.28
Net Profit Margin (%) 28.4310.2775.67167.9464.6571.0735.47-34.4888.77-2.8
Debt to Equity 0.270.190.180.310.490.50.560.460.610.35
Working Capital Days 9,26610,1683,01511,89831,72473,66045,34814,27811,8164,612
Cash Conversion Cycle 4177331704821,36397132423439
Entity Percentage Holding
Promoters 23.38%
Institutions 14.21%
Non-Institutions 61.72%
Pledged *34.2639.9761.0961.090.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Indiabulls Real Estate Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Indiabulls Real Estate Ltd. is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Indiabulls Real Estate Ltd.'s performance infers:

Indiabulls Real Estate Ltd. earnings have declined by -183.6%, whereas share price has appreciated 2.5% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Indiabulls Real Estate Ltd. share prices over the last 10 years. Here is what we found out:

Indiabulls Real Estate Ltd. share price has appreciated -7.5% annually over the past ten years.

Indiabulls Real Estate (IBREL), incorporated in 2006, is India’s third largest property company. It has various development projects in the residential, commercial, hotels, malls, and Special Economic Zone (SEZ) segments.

IBREL's projects portfolio includes high-end office and commercial spaces, premium residential developments, integrated townships, luxury resorts and SEZs. IBREL has projects with total land area in excess of 10000 acres

Projects

Commercial

Indiabulls Real Estate (IBREL), incorporated in 2006, is India’s third largest property company. It has various development projects in the residential, commercial, hotels, malls, and Special Economic Zone (SEZ) segments.

IBREL's projects portfolio includes high-end office and commercial spaces, premium residential developments, integrated townships, luxury resorts and SEZs. IBREL has projects with total land area in excess of 10000 acres

Projects

Commercial Development - Under this it has various projects for developing commercial infrastructure. Some of its projects are One Indiabulls Centre, Indiabulls Finance Mills and India Bulls Mega Mall project.

Residential development - Under this segment it has several residential developments across country such as Vatika, Ahmedabad, Centrum, Madurai and Hyderabad, Enigma, Gurgoan, Sonepat Township and many more.

Special Economic Zone (SEZ) -  It is also in development of SEZs such as Nashik SEZ.

IBREL also ventured into the power business on September 2007. It is developing power projects across country and internationally. It participating in coal-based thermal, hydro and renewable energy projects with aggregate capacity of 9412 MW

Recognition

IBREL's commercial project One Indiabulls Centre (One BC) has received a LEED (Leadership in energy and Environmental design) gold rating. It is among 100 gold rated buildings in the world.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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