Indiabulls share price, P/E, ROE & financials

On 6 Nov 2026, Indiabulls was priced at ₹29.59, or 15.8× trailing earnings, against an industry P/E of 22.1×, and the shares are 24% below their 52-week high. Net profit grew 42% a year over 3 years; its ROCE of 6.4% is the second-lowest among the 7 largest Real Estate (Development) peers, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹6,736 Cr, ranked 11th of 112 Real Estate (Development) companies by market cap; the shares rose 53% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹32.00
Day high: ₹32.00
Day low: ₹28.36
Prev. close: ₹32.19
Volume: 5.4 Cr

Health check

3 good · 2 to check

ReturnsAhead
+53.0% over a year, better than 7 of 7 peers.
Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
GrowthStrong
Sales +1861.9%, profit +42.4% a year over 3 years.
ProfitabilityWeak
ROCE 6.4% vs peer median 10.4%.
Balance sheetSolid
Debt 0.06× equity, interest covered 5.2×, Piotroski 7 of 9.
Red flags1 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Real Estate - Development

111 listed peers. Screen the industry

Small cap

₹6,736 Cr, #11 of 112 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹1,195 Cr · profit ₹569 Cr

Market cap: ₹6,736 Cr; Small cap
P/E: 15.8; Industry 22.1
Price to book: 1.82; Peers 2.88
Dividend yield: 0.00%
ROE: 17.2%; Peers 11.1%
ROCE: 6.4%; Peers 10.4%
Debt to equity: 0.06; Debt ₹230 Cr
EPS (TTM): ₹1.87; Face value ₹2
OPM (TTM): −6.8%; Net margin 47.6%
Sales growth: +308.4%; Latest quarter vs a year ago
Profit growth: n/a; Year-ago quarter not reported
Price to sales: 5.64; EV/EBITDA 11.6

Strengths

Practically debt-free.
Quarterly sales up 308.4% on a year ago.

Risks to check

Net profit is above operating profit, so a one-off gain is likely flattering earnings.

Derived automatically from reported figures. Not a recommendation.

About Indiabulls

Indiabulls Limited, together with its subsidiaries, engages in the in financial services and digital platforms business in India. The company engages in real estate development, stock broking, asset reconstruction, digital payments and financial services, and equipment leasing. The company was formerly known as Yaari Digital Integrated Services Limited and changed its name to Indiabulls Limited in October 2025. Indiabulls Limited was incorporated in 2007…

Headquarters: Mumbai
Employees: 16
Sector: Real Estate
ISIN: INE126M01010
Website: indiabulls.com

Price range

52 weeks

₹8.90₹38.89

Today

₹28.36₹32.00

Avg volume (3M): 1.9 Cr
1-year return: plus 53.0%
From 52-week high: minus 23.9%

Peers · Real Estate - Development

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
DLFDLF	752.90	plus 1.03%	1,86,366	40.8	127.6	6.3%	15.3%	0.01	11.3%	minus 3.8%
LODHALodha Developers	1,179.00	plus 0.27%	1,17,812	27.1	25.2	18.2%	33.1%	0.41	20.4%	minus 3.9%
OBEROIRLTYOberoi Realty	1,739.00	minus 0.13%	63,230	24.0	18.8	16.7%	57.5%	0.14	12.9%	minus 2.2%
GODREJPROPGodrej Properties	1,809.30	minus 0.31%	54,501	40.4	–	11.1%	−6.5%	1.02	32.4%	minus 20.9%
BRIGADEBrigade Enterprises	558.15	minus 0.89%	18,205	25.1	15.6	9.8%	29.2%	0.83	18.5%	minus 26.2%
ANANTRAJAnant Raj	445.45	minus 4.41%	16,031	26.5	24.1	10.4%	27.8%	0.13	37.9%	minus 27.8%
SOBHASobha	1,275.40	minus 1.28%	13,642	71.4	46.7	7.4%	6.5%	0.33	16.3%	minus 20.2%
IBULLSLTDIndiabulls	29.59	minus 8.08%	6,736	15.8	19.9	6.4%	−6.8%	0.15	1861.9%	plus 53.0%
Median of 7 peers	–	−0.31%	54,501	27.1	24.7	10.4%	27.8%	0.33	18.5%	−20.2%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
34.6	33.6	37.5	296	141
89.9	106	93.9	229	114
−55.4	−72.6	−56.4	67.6	26.9
−160.2%	−216.2%	−150.5%	22.8%	19.0%
66.7	82.6	62.9	64.1	77.2
8.5	14.7	10.1	9.9	9.6
9.5	9.5	8.9	8.7	8.4
13.8	118	−15.1	−16.7	74.8
7.1	103	−27.6	96.4	161
125.5%	27.1%	382.8%	−101.5%	12.3%
−2.2	0.7	79.4	196	143
-0.01	0.00	0.35	0.87	0.64

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +1861.9%
Profit CAGR 3Y: +42.4%
EPS CAGR 3Y: −48.9%
ROE: 17.2%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
0.1	0	444	832
–	minus 81.8%	+2218100.0%	+87.6%
−9.3	24.4	519	573
9.4	−24.4	−75.5	259
8527.3%	−121950.0%	−17.0%	31.1%
167	23.5	44.3	36.4
87.4	19.5	64.6	42.9
1.4	0.4	45.8	36.7
−2.4	−0.9	−77.8	−36.4
84.7	−21.6	−219	179
−12.0%	–	−24.3%	−93.1%
94.9	−21.6	−260	274
9.44	-2.15	-1.24	1.26

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
19.7	19.7	19.7	447
−243	−254	2,454	2,637
214	244	973	459
46.3	35.8	597	632
37.6	45.6	4,043	4,173
0.8	0.1	115	100
22	31.3	13.3	34
0.3	0.2	418	545
14.5	14	3,497	3,494
37.6	45.6	4,043	4,173

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−11.3	−11.9	110	194
223	0	63.6	38.5
−212	11.8	−85.6	−216
−0.6	−0.2	88.2	16.6
–	–	−5.8	−36.5
−11.3	−11.9	104	157

Shareholding pattern

Source: NSE filings

32.9%

promoters

Promoters32.87%
Public64.73%
Employee trusts2.39%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	32.87%	64.73%	minus 0.04
30 Jun 2026	32.91%	63.18%	plus 0.02
31 Mar 2026	32.89%	63.20%	0.00
31 Dec 2025	32.89%	63.20%	plus 0.05
4 Nov 2025	32.84%	63.24%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you