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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Indiabulls Real Estate Ltd

About the Company -Indiabulls Real Estate Ltd

Indiabulls Real Estate Ltd. is a Public Limited Listed company incorporated on 04/04/2006 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L45101HR2006PLC095409 and registration number is 148314. Currently Company is involved in the business activities of Management consultancy activities. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 90.60 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
RealtyOffice No 01-1001, WeWork, Blue One Square Udyog Vihar, Gurgaon Haryana 122016helpdesk@indiabulls.com
https://www.indiabullsrealestate.com
Management
NamePosition Held
Mr. K G KrishnamurthyChairman(NonExe.&Ind.Director)
Mr. Mehul JohnsonManaging Director
Mr. Gurbans SinghNon Executive Director
Ms. Supriya BhatnagarIndependent Director
Mr. Gurinder SinghIndependent Director
Mr. Praveen Kumar TripathiIndependent Director

Indiabulls Real Estate Ltd. Share Price Update

Share PriceValue
Today₹125.32
Previous Day₹122.08

Basic Stock Data ofIndiabulls Real Estate Ltd

Market Cap 6,433 Cr.
Current Price 119
High / Low127/45.9
Stock P/E
Book Value 56.2
Dividend Yield0.00 %
ROCE7.17 %
ROE11.4 %
Face Value 2.00

Data Source: screener.in

Competitors of Indiabulls Real Estate Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
RPP Infra Projects Ltd 475 Cr. 125161/38.27.97 1090.00 %12.8 %7.63 % 10.0
Univastu India Ltd 167 Cr. 147147/76.536.2 41.80.00 %19.3 %15.8 % 10.0
Hindustan Construction Company Ltd 6,633 Cr. 43.847.9/12.539.0 4.330.00 %16.9 %% 1.00
Setubandhan Infrastructure Ltd 10.7 Cr. 0.851.20/0.55119 3.940.00 %0.44 %0.18 % 1.00
A B Infrabuild Ltd 212 Cr. 48.059.8/15.235.4 17.50.00 %20.2 %19.0 % 10.0
Industry Average174.14 Cr72.9347.5135.310%13.93%8.52%6.4

Indiabulls Housing Finance Ltd Quarterly Results

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

Indiabulls Housing Finance Ltd Quarterly Chart

Indiabulls Housing Finance Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,3921,3011,7362,6412,9592,3204,5034,9443,2711,5211,445587533
Expenses1,0158511,2252,0302,0621,6671,1973,8972,4721,3411,4469421,214
Operating Profit3774495116118986533,3061,047799180-1-356-681
OPM %27%35%29%23%30%28%73%21%24%12%-0%-61%-128%
Other Income954664951375182292789014096-167-602
Interest229227220336501561744464481228110287
Depreciation21202120697197173117121211
Profit before tax2222483343514645392,69484437875-27-563-1,302
Tax %29%37%39%23%31%34%12%40%68%94%-409%-8%
Net Profit1581562032713213572,3605041215-137-608-1,310
EPS in Rs3.504.115.285.846.418.3049.9911.192.650.09-3.00-11.23-24.20
Dividend Payout %0%49%57%0%0%0%0%0%0%0%0%0%

Indiabulls Housing Finance Ltd Profit & Loss Yearly Chart

Indiabulls Housing Finance Ltd Growth

Compounded Sales Growth
10 Years:-8%
5 Years:-33%
3 Years:-44%
TTM:-42%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-354%
Stock Price CAGR
10 Years:8%
5 Years:11%
3 Years:10%
1 Year:79%
Return on Equity
10 Years:8%
5 Years:1%
3 Years:-5%
Last Year:-11%

Indiabulls Housing Finance Ltd Balance Sheet

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

Indiabulls Housing Finance Ltd Reserves and Borrowings Chart

Indiabulls Housing Finance Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 818578-2,830973639-891-1,159-432853-248-343
Cash from Investing Activity -94-1,337-81235-5411551,7841,768971280661
Cash from Financing Activity -3975293,315-695-8342,057-1,695-1,890-1,791-64-331
Net Cash Flow328-230403513-7351,321-1,071-55533-31-13

Indiabulls Housing Finance Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days24420321224086021209726947
Inventory Days13,7026,71110,9262,3775,0512,595
Days Payable164209432217320126
Cash Conversion Cycle24413,7416,5222240811,09612,1804,7402,5416947
Working Capital Days1,2028467057489261,174192943869671,0342,198
ROCE %3%5%6%6%7%7%27%13%11%5%2%-7%

Indiabulls Housing Finance Ltd Financial Efficiency Indicators Chart

Indiabulls Housing Finance Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters23.38%11.99%11.99%6.15%0.26%0.03%0.00%0.00%0.00%0.00%0.00%0.00%
FIIs9.39%15.90%16.58%19.43%19.88%18.39%22.36%22.44%22.74%21.43%22.58%23.59%
DIIs0.57%1.80%1.50%3.66%4.05%4.86%5.71%4.35%2.44%1.37%0.89%1.07%
Public65.98%69.63%69.24%70.07%75.12%76.03%71.59%73.10%74.72%77.10%76.41%75.23%
Others0.69%0.69%0.69%0.69%0.69%0.69%0.33%0.11%0.11%0.11%0.11%0.11%
No. of Shareholders1,22,7571,53,8561,54,3202,14,4692,70,5653,10,5123,32,1413,29,8073,15,2943,14,1583,06,4383,16,665

Indiabulls Housing Finance Ltd Shareholding Pattern Chart

No. ofIndiabulls Real Estate Ltd Shareholders

Indiabulls Housing Finance Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
ITI Mid Cap Fund6463990.935.36
Motilal Oswal Nifty Microcap 250 Index Fund5276120.764.37
ITI Value Fund1683390.951.4
Groww Nifty Total Market Index Fund13760.030.01

Indiabulls Housing Finance Ltd ROCE Trend

Indiabulls Housing Finance Ltd EPS Trend

Indiabulls Housing Finance Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-11.29-3.000.102.6711.04
Diluted EPS (Rs.)-11.29-3.000.102.6711.04
Cash EPS (Rs.)-11.00-2.760.483.3711.49
Book Value[Excl.RevalReserv]/Share (Rs.)59.9266.2467.9669.1565.69
Book Value[Incl.RevalReserv]/Share (Rs.)59.9266.2467.9669.1565.69
Revenue From Operations / Share (Rs.)10.8431.8933.6971.94109.70
PBDIT / Share (Rs.)-8.952.107.0921.3429.32
PBIT / Share (Rs.)-9.171.836.7120.6728.94
PBT / Share (Rs.)-10.40-0.591.678.3418.63
Net Profit / Share (Rs.)-11.23-3.030.102.7011.10
NP After MI And SOA / Share (Rs.)-11.24-3.020.092.6511.19
PBDIT Margin (%)-82.506.5821.0529.6726.73
PBIT Margin (%)-84.575.7419.9228.7326.37
PBT Margin (%)-95.89-1.864.9411.5916.98
Net Profit Margin (%)-103.54-9.500.313.7510.12
NP After MI And SOA Margin (%)-103.68-9.460.283.6910.19
Return on Networth / Equity (%)-18.83-4.570.143.8517.08
Return on Capital Employeed (%)-12.362.097.4719.7016.88
Return On Assets (%)-9.34-1.760.041.063.11
Long Term Debt / Equity (X)0.050.110.120.311.15
Total Debt / Equity (X)0.070.430.350.311.65
Asset Turnover Ratio (%)0.000.000.000.020.01
Current Ratio (X)2.451.871.721.591.44
Quick Ratio (X)0.510.410.400.500.27
Interest Coverage Ratio (X)-17.510.861.412.022.85
Interest Coverage Ratio (Post Tax) (X)-19.58-0.241.021.422.08
Enterprise Value (Cr.)2772.455791.044557.112479.968298.41
EV / Net Operating Revenue (X)4.724.013.000.751.68
EV / EBITDA (X)-5.7360.9014.232.566.28
MarketCap / Net Operating Revenue (X)4.503.182.410.560.84
Price / BV (X)0.811.541.200.591.41
Price / Net Operating Revenue (X)4.503.182.410.560.84
EarningsYield-0.23-0.020.000.060.12

Indiabulls Housing Finance Ltd Profitability Ratios (%)

Indiabulls Housing Finance Ltd Liquidity Ratios

Indiabulls Housing Finance Ltd Liquidity Ratios (%)

Indiabulls Housing Finance Ltd Interest Coverage Ratios (%)

Indiabulls Housing Finance Ltd Valuation Ratios

Fair Value ofIndiabulls Real Estate Ltd Stock

Fair Value: ₹98.02

The stock is overvalued by 17.63% compared to the current price ₹119

*Investments are subject to market risks

Strength and Weakness ofIndiabulls Real Estate Ltd Stock

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 (87.85 cr) and profit (220.46 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 9.80 and average Dividend Yield of -0.76%.
  2. The stock has a low average ROCE of 7.08%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 408.00, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 69.08, which may not be favorable.

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