Indiabulls Real Estate Ltd - Stock Valuation and Financial Performance

BSE: 532832 | NSE: IBREALEST | Construction - Real Estate | Small Cap

Indiabulls Real Est. Share Price

115.90 1.35 1.18%
as on 28-Mar'24 15:16

DeciZen - make an informed investing decision on Indiabulls Real Est.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Indiabulls Real Estate stock performance -

mw4me loader
P/E Ratio (SA):
830.64
Market Cap:
6,204.9 Cr.
52-wk low:
45.9
52-wk high:
128.5

Is Indiabulls Real Estate Ltd an attractive stock to invest in?

1. Is Indiabulls Real Estate Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indiabulls Real Estate Ltd is a below average quality company.

2. Is Indiabulls Real Estate Ltd undervalued or overvalued?

The key valuation ratios of Indiabulls Real Estate Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Indiabulls Real Estate Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Indiabulls Real Estate Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Indiabulls Real Est.:

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 end

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.6%2.7%2.5%2.8%2.3%3.2%2.1%-0.4%-0.4%-1.6%-
Value Creation
Index
-0.7-0.8-0.8-0.8-0.8-0.8-0.9-1.0-1.0-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 84.935.517.427.282.4117363602.80
Sales YoY Gr.--58.2%-51%56.5%202.8%42.1%209.9%-98.4%-100%NA-
Adj EPS 3.40.50.30.2-0.62.3-0.2-3.1-1.3-2.40.1
YoY Gr.--83.9%-50%-25.9%-395%NA-109.5%NANANA-
BVPS (₹) 135.2135.5132.1128.9145.8144.7141.7139.9139.9124.5125.9
Adj Net
Profit
1432312.49.7-28104-10.2-140-57-1308
Cash Flow from Ops. -64.312.6-483385-57.326111-12.85.516.7-
Debt/CF from Ops. -27.6223.8-6.49-56154.320.5-40.892.28.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -31.6%-49.2%-80.3%NA
Adj EPS -196.3%NANANA
BVPS-0.9%-3.1%-4.2%-11%
Share Price 8.3% 4.9% 11.7% 146.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.50.40.20.2-0.41.5-0.2-2.2-0.9-20.1
Op. Profit
Mgn %
29.112.3-169.7-61.255.269.428.3-258.10-724.1NAN
Net Profit
Mgn %
167.964.771.135.5-3488.8-2.8-2347.40-4662.6INF
Debt to
Equity
0.30.50.50.60.50.60.40.10.10-
Working Cap
Days
11,89831,72473,66045,34814,27811,2754,3922,31,31604,34,3590
Cash Conv.
Cycle
1704821,363971324234395501180

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.10%

Sales growth has been subdued in last 3 years -80.29%

Sales growth is not so good in last 4 quarters at -25.00%

Latest Financials - Indiabulls Real Estate Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 -20.5
TTM Sales (₹ Cr.) 0 501
BVPS (₹.) 125.9 47.7
Reserves (₹ Cr.) 6,712 2,473
P/BV 0.91 2.40
PE 830.64 0.00
From the Market
52 Week Low / High (₹) 45.94 / 128.51
All Time Low / High (₹) 36.85 / 847.80
Market Cap (₹ Cr.) 6,205
Equity (₹ Cr.) 108.3
Face Value (₹) 2
Industry PE 76.3

Management X-Ray of Indiabulls Real Est.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indiabulls Real Est.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8535172782117363603
Operating Expenses 6031474438733742318409
Manufacturing Costs9343232100
Material Costs00000070000
Employee Cost 5411106622715
Other Costs 4724323130652991911393
Operating Profit 244-29-174544-11-17-18-406
Operating Profit Margin (%) 28.8%12.0%-169.0%-61.2%54.5%37.3%-3.2%-277.0%--14,594.6%
Other Income 303283408398301438272411039
Interest 1672743043633613303021604627
Depreciation 35311110422
Exceptional Items 0000000000
Profit Before Tax 15797217-16150-51-139-55-396
Tax 13-147044435011
Profit After Tax 145236617-20106-85-140-56-397
PAT Margin (%) 170.3%65.0%377.2%63.8%-24.0%90.6%-23.5%-2,341.1%--14,271.2%
Adjusted EPS (₹)3.40.51.40.4-0.42.4-1.9-3.1-1.3-7.3
Dividend Payout Ratio (%)88%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 5,7315,7596,1006,1686,9236,5226,4436,3166,3356,737
Share Capital 858592969590919091108
Reserves 5,6465,6746,0086,0726,8286,4326,3526,2266,2456,628
Minority Interest0000000000
Debt1,7512,5152,6532,5542,4293,170582403136144
Long Term Debt1,1642,0802,3451,7141,4502,10146222400
Short Term Debt5874353088409791,068120179136144
Trade Payables4310000000
Others Liabilities 1074377219267599281,8241414059
Total Liabilities 7,5928,7149,4759,64810,11010,6208,8496,8606,8776,890

Fixed Assets

Gross Block3031322925255020239
Accumulated Depreciation1925272622233019185
Net Fixed Assets107532220154
CWIP 0000000000
Investments 4,8255,0425,2386,2116,8956,0973,8383,7933,8543,201
Inventories4559707171711111
Trade Receivables1032260000
Cash Equivalents 1401117721366786256601867
Others Assets2,5713,4953,3883,2253,0724,3584,7343,0042,9983,617
Total Assets 7,5928,7149,4759,64810,11010,6208,8496,8606,8776,890

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -6413-483385-5726111-13617
PBT 15797217-16150-51-139-55-396
Adjustment -134-5-84-1862-1649911846377
Changes in Working Capital -4840-454395-875042-49-0-2
Tax Paid -39-32-17-9-16-1022571638
Cash Flow From Investing Activity -312-756547-845720-311,8971,94647-455
Capex -1-2-100-10000
Net Investments -956-184163-60-15476-13923094333
Others 645-569384-785874-1062,0361,715-47-788
Cash Flow From Financing Activity 431765521-173-69318-2,020-1,941-47438
Net Proceeds from Shares 00538913112208854
Net Proceeds from Borrowing 00000880-40-1,18800
Interest Paid -135-261-298-340-396-327-285-156-41-47
Dividend Paid -153-3800000000
Others 7191,064281158-310-546-1,717-597-14-369
Net Cash Flow 5522585-633-3113-12-85-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.530.41.110.28-0.31.58-1.32-2.19-0.89-6.07
ROCE (%)4.553.524.173.983.494.652.60.27-0.13-5.37
Asset Turnover Ratio0.010000.010.010.04000
PAT to CFO Conversion(x)-0.440.57-7.3222.65N/A0.25N/AN/AN/AN/A
Working Capital Days
Receivable Days35535328120000
Inventory Days1535361,35394631622236550118
Payable Days0000000000

Indiabulls Real Estate Ltd Stock News

Indiabulls Real Estate Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indiabulls Real Est. on 28-Mar-2024 15:16 is ₹115.9.
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 28-Mar-2024 15:16 the market cap of Indiabulls Real Est. stood at ₹6,204.9.
The latest P/E ratio of Indiabulls Real Est. as of 28-Mar-2024 15:16 is 830.6.
The latest P/B ratio of Indiabulls Real Est. as of 28-Mar-2024 15:16 is 0.91.
The 52-week high of Indiabulls Real Est. is ₹128.5 and the 52-week low is ₹45.94.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indiabulls Real Est. is ₹0.00 ( Cr.) .

About Indiabulls Real Estate Ltd

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.

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