Is Indiabulls Ltd (IBULLSLTD) a good quality company?

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

Is Indiabulls Ltd (IBULLSLTD) undervalued or overvalued?

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

What is Indiabulls Ltd (IBULLSLTD) share price return in the past 10 years?

Indiabulls Ltd share price has declined -1.5% annually (CAGR) over the past ten years.

Is Indiabulls Ltd (IBULLSLTD) a good buy now?

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

What is the share price of Indiabulls Ltd (IBULLSLTD)?

Company share prices are keep on changing according to the market conditions. The current trading price of Indiabulls Ltd (IBULLSLTD) on 10-Apr-2026 16:59:59 at 16:59 is 12.15.

What is the market cap of Indiabulls Ltd (IBULLSLTD)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Apr-2026 at 16:59, the market cap of Indiabulls stood at Rs. 2824.12 Cr.

What is the P/E ratio of Indiabulls?

The latest standalone P/E ratio of Indiabulls as of 10-Apr-2026 is 0.00.

What is the P/B ratio of Indiabulls Ltd (IBULLSLTD)?

The latest standalone P/B ratio of Indiabulls Ltd (IBULLSLTD) as of 10-Apr-2026 is 0.42.

What is the 52-week high and low of Indiabulls Ltd (IBULLSLTD)?

The 52-week high of Indiabulls Ltd (IBULLSLTD) is Rs. 20.91 and the 52-week low is Rs. 8.93.

What is the TTM revenue of Indiabulls Ltd (IBULLSLTD)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indiabulls is Rs. 9.36 (Cr.).

Indiabulls Ltd (IBULLSLTD) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Indiabulls Ltd (IBULLSLTD)
Brand: Indiabulls

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	4.1%	2%	5.1%	10.3%	-8.5%	4.6%	-15.9%	174.6%	-401.9%	0%	-
Value Creation Index ⓘ	-0.7	-0.9	-0.6	-0.3	-1.6	-0.7	NA	11.5	NA	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	310	223	233	171	225	168	1.3	0.1	0	0	313
Sales YoY Gr.	-	-27.9%	4.2%	-26.6%	31.9%	-25.3%	-99.3%	-91.3%	-81.8%	-100%	-
Adj EPS ⓘ	1.6	-4.2	-1.7	8	-21.4	-12.4	-14.7	9.7	-2.2	-6.9	0.1
YoY Gr.	-	-356.2%	NA	NA	-367.3%	NA	NA	NA	-122.4%	NA	-
BVPS (₹) ⓘ	174.8	63.1	69.5	155.4	34.5	47	-29.8	-22.6	-23.7	-28	14.3
Adj Net Profit ⓘ	8.2	-21.1	-9.5	71.5	-191	-108	-145	95.5	-21.4	-68.2	26
Cash Flow from Ops. ⓘ	168	-529	-76.4	-175	-218	841	-487	-11.3	-11.9	5.2	-
Debt/CF from Ops. ⓘ	2.7	-1.3	-8.8	-2	-5.2	0.4	-1	-19	-20.4	50.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-100%	-100%	-100%	-100%
Adj EPS ⓘ	-217.5%	NA	NA	NA
BVPSⓘ	-181.6%	-195.9%	NA	NA
Share Price	-1.5%	-36.4%	-5.7%	-22.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	0.9	-3.5	-2.4	7.5	-21.9	-30.1	-246.9	-37	9.4	26.7	-1.6
Op. Profit Mgn % ⓘ	27.8	13.8	21.8	-1.2	-24.6	5.3	-7349.6	-10309.1	-22850	0	29.7
Net Profit Mgn % ⓘ	2.7	-5.7	-2.2	44.7	-83.7	-60.2	-11429.5	86850.9	-106860	0	8.2
Debt to Equity ⓘ	0.5	2.2	1.8	0.3	3.7	0.8	-1.7	-1	-1	-1	-
Working Cap Days ⓘ	959	1,324	775	1,204	1,161	1,679	1,45,432	4,19,402	2,59,424	0	206
Cash Conv. Cycle ⓘ	4	-0	87	197	122	140	15,672	1,758	1,073	0	121

Recent Performance Summary

Sales growth is good in last 4 quarters at 27.92%

Return on Equity is Poor

Sales growth has been subdued in last 3 years -100.00%

Net Profit has been subdued in last 3 years 0.00%

	Standalone	Consolidated
TTM EPS (₹)	-0.7	0.1
TTM Sales (₹ Cr.)	9.4	313
BVPS (₹) ⓘ	28.9	14.3
Reserves (₹ Cr.) ⓘ	6,262	2,857
P/BV ⓘ	0.42	0.85
PE ⓘ	0.00	110.06

From the Market
52 Week Low / High (₹)	8.93 / 20.91
All Time Low / High (₹)	3.05 / 785.00
Market Cap (₹ Cr.)	2,824
Equity (₹ Cr.)	464.9
Face Value (₹)	2
Industry PE ⓘ	93

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	310	223	233	171	225	168	1	0	0	0
Operating Expenses ⓘ +	225	193	182	173	453	168	96	12	5	8
Manufacturing Costs	56	62	66	42	14	11	43	3	0	0
Material Costs	14	7	14	32	52	45	0	0	0	0
Employee Cost	22	24	42	48	67	42	23	4	3	1
Other Costs ⓘ	133	99	60	51	320	71	30	6	2	7
Operating Profit ⓘ	85	31	51	-2	-227	0	-94	-12	-5	-8
Operating Profit Margin (%)	27.3%	13.7%	21.8%	-1.2%	-100.0%	0.1%	-7,433.9%	-11,209.1%	-24,550.0%	-
Other Income ⓘ +	3	20	32	179	123	79	21	186	3	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	45	36	43	42	130	125	57	87	19	60
Depreciation ⓘ	36	27	28	26	32	29	2	1	0	0
Profit Before Tax ⓘ	6	-13	12	108	-267	-75	-132	85	-22	-68
Tax ⓘ	-1	0	5	30	26	13	14	-10	0	0
Profit After Tax	7	-13	8	78	-293	-88	-146	95	-22	-68
PAT Margin (%)	2.3%	-5.7%	3.4%	45.7%	-130.0%	-52.0%	-11,478.0%	86,227.3%	-1,08,050.0%	-
Adjusted EPS (₹)	1.3	-4.2	0.6	7.6	-33.1	-10.8	-14.8	9.6	-2.2	-6.9
Dividend Payout Ratio (%)	0%	0%	160%	13%	0%	0%	0%	0%	0%	0%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	889	320	381	1,389	308	412	-294	-223	-234	-276
Share Capital ⓘ	13	10	11	18	18	18	20	20	20	20
Reserves ⓘ	877	310	370	1,371	290	394	-314	-243	-254	-296
Debt +	417	671	414	316	864	307	500	214	244	263
Long Term Debt	317	299	17	289	26	68	500	214	240	25
Short Term Debt	100	372	397	27	838	240	0	0	3	238
Minority Interest	0	-5	0	80	85	92	0	0	0	0
Trade Payables	47	28	19	21	32	37	39	31	31	28
Others Liabilities ⓘ	701	135	405	157	395	776	48	15	5	9
Total Liabilities ⓘ	2,055	1,149	1,219	1,963	1,684	1,625	294	38	46	24
Fixed Assets
Net Fixed Assets ⓘ +	937	604	502	420	355	235	6	1	0	0
Gross Block	1,111	704	602	540	504	377	10	3	0	0
Accumulated Depreciation	175	100	101	120	150	143	4	2	0	0
CWIP ⓘ	0	0	0	0	0	1	0	0	0	0
Investments ⓘ	0	0	222	874	541	589	48	22	31	3
Inventories	20	16	18	21	28	26	1	0	0	0
Trade Receivables	58	47	101	87	81	83	1	0	0	0
Cash Equivalents ⓘ	16	26	26	11	11	27	1	0	0	19
Others Assets ⓘ	1,024	456	351	550	667	665	237	14	14	2
Total Assets ⓘ	2,055	1,149	1,219	1,963	1,684	1,625	294	38	46	24

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	168	-529	-76	-175	-218	841	-487	-11	-12	5
PBT ⓘ	6	-13	12	108	-267	-75	-132	85	-22	-68
Adjustment ⓘ	81	41	51	-107	67	54	43	-91	19	60
Changes in Working Capital ⓘ	98	-553	-141	-167	-20	838	-393	-6	0	15
Tax Paid ⓘ	-17	-3	1	-9	-28	-1	-5	1	-10	-2
Cash Flow From Investing Activity ⓘ +	-271	571	-19	-549	-499	179	328	223	0	54
Capex	-267	-9	91	-70	6	109	-3	0	0	0
Net Investments	-5	2	-211	-522	-474	162	529	0	0	54
Others ⓘ	1	577	100	43	-31	-92	-199	222	0	0
Cash Flow From Financing Activity ⓘ +	107	-30	97	709	717	-1,004	157	-212	12	-41
Net Proceeds from Shares ⓘ	0	0	0	912	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	-590	204	-212	10	-35
Interest Paid ⓘ	-36	-34	-31	-31	-65	-185	-46	-0	-1	-3
Dividend Paid ⓘ	0	0	-0	-5	0	0	0	0	0	0
Others ⓘ	143	5	129	-166	782	-230	-0	-0	3	-3
Net Cash Flow ⓘ	4	13	2	-14	-1	16	-2	-1	-0	19

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	0.8	-2.12	2.24	8.83	-34.55	-24.35	N/A	N/A	N/A	N/A
ROCE (%)	4.08	1.95	5.09	10.28	-8.53	4.59	N/A	N/A	N/A	N/A
Asset Turnover Ratio	0.19	0.14	0.2	0.11	0.12	0.1	0	0	0	0
PAT to CFO Conversion(x)	24	N/A	-9.5	-2.24	N/A	N/A	N/A	-0.12	N/A	N/A
Working Capital Days
Receivable Days	79	85	116	200	136	178	0	1,742	0	0
Inventory Days	21	30	27	42	40	59	3,814	0	0	0
Payable Days	951	1,890	598	230	186	284	0	0	0	0

About Indiabulls Ltd

Indiabulls (formerly known as Yaari Digital Integrated Services) operates across Real Estate and Financial Services, with a focus on creating sustainable long-term value through disciplined capital allocation, transparent governance, and strong execution. In Real Estate, the company develops residential, commercial, and mixed-use projects with an emphasis on quality, timely delivery, and customer experience. In Financial Services, Indiabulls operates a stock broking business, along with digital lending, payments, wallet infrastructure, and an ARC business, within regulated frameworks and compliant processes.

Indiabulls follows a long-term development approach - prioritising value creation for stakeholders through disciplined project execution in real estate, supported by prudent expansion of its financial services offerings. The company remains focused on sustainable growth, operational discipline, and contributing meaningfully to India’s economic progress.

Consequent to the Scheme of Arrangement coming into effect on October 14, 2025, Dhani Services and Indiabulls Enterprises, along with the other participating companies, were merged into Yaari Digital Integrated Services. The company received fresh Certificate of Incorporation dated October 17, 2025, issued by the Registrar of Companies, Central Processing Centre, Manesar (ROC). The name of the company stands changed from ‘Yaari Digital Integrated Services’ to ‘Indiabulls’ with effect from October 17, 2025.

Business area of the company

The company operates across Real Estate and Financial Services, with a focus on creating sustainable long-term value through disciplined capital allocation, transparent governance, and strong execution.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
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Indiabulls Ltd (IBULLSLTD) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Indiabulls Share Price