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Last Updated on: 22 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Indiabulls Real Estate Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: July 8, 2024, 8:57 pm

Market Cap 9,359 Cr.
Current Price 147
High / Low164/61.0
Stock P/E
Book Value 50.8
Dividend Yield0.00 %
ROCE11.0 %
ROE13.1 %
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Indiabulls Real Estate Ltd

Competitors of Indiabulls Real Estate Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Techindia Nirman Ltd 50.5 Cr. 35.256.0/13.3 7.880.00 %0.43 %3.35 % 10.0
Tarmat Ltd 162 Cr. 75.7154/70.8120 72.40.00 %1.50 %1.14 % 10.0
Tantia Constructions Ltd 610 Cr. 40.661.2/21.0 16.00.00 %1.06 %5.61 % 1.00
Supreme Infrastructure India Ltd 307 Cr. 122140/33.6 1,8950.00 %%% 10.0
SPML Infra Ltd – a Multi-sector Infrastructure Player 1,100 Cr. 188306/73.150.2 96.70.00 %3.74 %0.16 % 2.00
Industry Average6,000.22 Cr207.9960.99171.970.10%7.36%83.78%6.61

All Competitor Stocks of Indiabulls Real Estate Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales2072273252034932325315219413310819696
Expenses62593586479327379261188103378463254119
Operating Profit-411291454122-56-8-3691-245-355-58-23
OPM %-206%18%20%8%6%-17%-3%-24%47%-185%-328%-29%-24%
Other Income3135281232332013915-14-61612
Interest635334292829241763113
Depreciation4333333333333
Profit before tax-781081362123-55-16-4490-236-373-677-16
Tax %2%25%31%77%76%-57%-271%-17%37%-0%-1%-0%-11%
Net Profit-76819556-87-61-5257-237-376-679-18
EPS in Rs-1.671.772.080.100.12-1.91-1.31-0.961.04-4.37-6.94-12.55-0.34

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,3921,3011,7362,6412,9592,3204,5034,9443,2711,5211,445587501
Expenses1,0158511,2252,0302,0621,6671,1973,8972,4721,3411,446942970
Operating Profit3774495116118986533,3061,047799180-1-356-469
OPM %27%35%29%23%30%28%73%21%24%12%-0%-61%-94%
Other Income954664951375182292789014096-167-607
Interest229227220336501561744464481228110288
Depreciation21202120697197173117121211
Profit before tax2222483343514645392,69484437875-27-563-1,094
Tax %29%37%39%23%31%34%12%40%68%94%-409%-8%
Net Profit1581562032713213572,3605041215-137-608-1,112
EPS in Rs3.504.115.285.846.418.3049.9911.192.650.09-3.00-11.23-20.54
Dividend Payout %0%49%57%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-1.27%30.13%33.50%18.45%11.21%561.06%-78.64%-75.99%-95.87%-2840.00%-343.80%
Change in YoY Net Profit Growth (%)0.00%31.39%3.37%-15.05%-7.24%549.85%-639.71%2.65%-19.88%-2744.13%2496.20%

Indiabulls Real Estate Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9585858592879590919091108108
Reserves7,3406,6946,7897,0853,6093,9562,8502,8603,4673,3923,3243,5472,936
Preference Capital025800001,0481,0480000
Borrowings2,1862,5032,9776,5448,9039,4106,6005,9842,7371,2231,329268274
Other Liabilities2,5633,5533,6173,1305,5185,11510,5357,2574,9924,0513,0072,5842,540
Total Liabilities12,18412,83413,46916,84418,12218,56820,08016,19211,2878,7577,7516,5075,859
Fixed Assets3243173041121123,78795218913586968378
CWIP07288127010000000
Investments4,9295,2625,5665,8292,9898753,8592,568132145269157174
Other Assets6,9307,1847,51010,77615,02113,90415,26913,43411,0208,5267,3856,2675,607
Total Assets12,18412,83413,46916,84418,12218,56820,08016,19211,2878,7577,7516,5075,859

Reserves and Borrowings Chart

No data available for this post.

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow377.00191.00511.00611.00898.00653.002.000.00799.00180.00-1.00-356.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days2032122408602120972694756
Inventory Days13,7026,71110,9262,3775,0512,5953,510
Days Payable164209432217320126287
Cash Conversion Cycle13,7416,5222240811,09612,1804,7402,54169473,278
Working Capital Days8467057489261,174192943869671,0342,1982,392
ROCE %5%6%6%7%7%27%13%11%5%2%-7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024May 2024
Promoters6.15%0.26%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FIIs19.43%19.88%18.39%22.36%22.44%22.74%21.43%22.58%23.59%23.11%24.58%27.34%
DIIs3.66%4.05%4.86%5.71%4.35%2.44%1.37%0.89%1.07%1.78%0.41%3.40%
Public70.07%75.12%76.03%71.59%73.10%74.72%77.10%76.41%75.23%75.01%74.89%69.15%
Others0.69%0.69%0.69%0.33%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.09%
No. of Shareholders2,14,4692,70,5653,10,5123,32,1413,29,8073,15,2943,14,1583,06,4383,16,6653,12,3563,04,7623,64,126

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ITI Mid Cap Fund646,3990.935.36168,3392024-11-20283.99%
Motilal Oswal Nifty Microcap 250 Index Fund527,6120.764.37168,3392024-11-20213.42%
ITI Value Fund168,3390.951.4168,3392024-11-200%
Groww Nifty Total Market Index Fund1,3760.030.01168,3392024-11-20-99.18%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-19.20-11.29-3.000.102.67
Diluted EPS (Rs.)-19.20-11.29-3.000.102.67
Cash EPS (Rs.)-18.98-11.00-2.760.483.37
Book Value[Excl.RevalReserv]/Share (Rs.)51.1159.9266.2467.9669.15
Book Value[Incl.RevalReserv]/Share (Rs.)51.1159.9266.2467.9669.15
Revenue From Operations / Share (Rs.)7.6510.8431.8933.6971.94
PBDIT / Share (Rs.)-6.90-8.952.107.0921.34
PBIT / Share (Rs.)-7.11-9.171.836.7120.67
PBT / Share (Rs.)-18.90-10.40-0.591.678.34
Net Profit / Share (Rs.)-19.19-11.23-3.030.102.70
NP After MI And SOA / Share (Rs.)-19.19-11.24-3.020.092.65
PBDIT Margin (%)-90.17-82.506.5821.0529.67
PBIT Margin (%)-92.91-84.575.7419.9228.73
PBT Margin (%)-247.17-95.89-1.864.9411.59
Net Profit Margin (%)-250.93-103.54-9.500.313.75
NP After MI And SOA Margin (%)-250.93-103.68-9.460.283.69
Return on Networth / Equity (%)-37.71-18.83-4.570.143.85
Return on Capital Employeed (%)-11.97-12.362.097.4719.70
Return On Assets (%)-17.75-9.34-1.760.041.06
Long Term Debt / Equity (X)0.090.050.110.120.31
Total Debt / Equity (X)0.100.070.430.350.31
Asset Turnover Ratio (%)0.060.000.000.000.02
Current Ratio (X)2.062.451.871.721.59
Quick Ratio (X)0.240.510.410.400.50
Inventory Turnover Ratio (X)0.100.000.000.000.00
Interest Coverage Ratio (X)-40.39-17.510.861.412.02
Interest Coverage Ratio (Post Tax) (X)-43.29-19.58-0.241.021.42
Enterprise Value (Cr.)6459.172772.455791.044557.112479.96
EV / Net Operating Revenue (X)15.614.724.013.000.75
EV / EBITDA (X)-17.31-5.7360.9014.232.56
MarketCap / Net Operating Revenue (X)15.164.503.182.410.56
Price / BV (X)2.280.811.541.200.59
Price / Net Operating Revenue (X)15.164.503.182.410.56
EarningsYield-0.16-0.23-0.020.000.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Indiabulls Real Estate Ltd as of November 22, 2024 is: 101.82

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 22, 2024, Indiabulls Real Estate Ltd is Overvalued by 30.73% compared to the current share price 147.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Indiabulls Real Estate Ltd as of November 22, 2024 is: 53.84

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 22, 2024, Indiabulls Real Estate Ltd is Overvalued by 63.37% compared to the current share price 147.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -47.12%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (4,449.92 cr) compared to borrowings (181.08 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (85.38 cr) and profit (220.46 cr) over the years.
  1. The stock has a low average ROCE of 6.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 408.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 49.00, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Indiabulls Real Estate Ltd:
    1. Net Profit Margin: -250.93%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -11.97% (Industry Average ROCE: 7.36%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -37.71% (Industry Average ROE: 83.78%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -43.29
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.24
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 60.99)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.1
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

No data availabale for About the Company
INDUSTRYADDRESSCONTACT
Industry not foundAddress not foundContact not found
Management Data not Available

FAQ

What is the latest intrinsic value of Indiabulls Real Estate Ltd?

The latest intrinsic value of Indiabulls Real Estate Ltd as on 20 November 2024 is ₹101.82, which is 30.73% lower than the current market price of ₹147.00.

What is the Market Cap of Indiabulls Real Estate Ltd?

The Market Cap of Indiabulls Real Estate Ltd is 9,359 Cr..

What is the current Stock Price of Indiabulls Real Estate Ltd as on 20 November 2024?

The current stock price of Indiabulls Real Estate Ltd as on 20 November 2024 is ₹147.

What is the High / Low of Indiabulls Real Estate Ltd stocks in FY 2024?

In FY 2024, the High / Low of Indiabulls Real Estate Ltd stocks is 164/61.0.

What is the Stock P/E of Indiabulls Real Estate Ltd?

The Stock P/E of Indiabulls Real Estate Ltd is .

What is the Book Value of Indiabulls Real Estate Ltd?

The Book Value of Indiabulls Real Estate Ltd is 50.8.

What is the Dividend Yield of Indiabulls Real Estate Ltd?

The Dividend Yield of Indiabulls Real Estate Ltd is 0.00 %.

What is the ROCE of Indiabulls Real Estate Ltd?

The ROCE of Indiabulls Real Estate Ltd is 11.0 %.

What is the ROE of Indiabulls Real Estate Ltd?

The ROE of Indiabulls Real Estate Ltd is 13.1 %.

What is the Face Value of Indiabulls Real Estate Ltd?

The Face Value of Indiabulls Real Estate Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indiabulls Real Estate Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE