Indiabulls Limited
NSE: IBULLSLTD · Diversified Commercial Services · sector
₹30.91NSE close 2026-10-26
Key numbers
Market cap₹6,919 cr
Price₹30.91
52w high / low₹39 / ₹9
P/E–Sector median 13.0x
P/B1.1xSector median 1.6x
Book value₹28.4
Dividend yield–Sector median 1.73%
ROE-0.4%Sector median 3.4%
ROA-0.18%Sector median 2.37%
Gross NPA–
Net NPA–
CET1–
Sales growth 3y+918.1%Sector median +12.9%
Profit growth 3y–Sector median +19.1%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 95 companies in Diversified Commercial Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- No promoter shares are pledged.
- Promoter holding rose by 5.41 percentage points in a year, to 32.87% (2026-09-30).
- Net loss in 6 of the last 8 quarters.
- No dividend in the last 5 financial years.
- Price ₹30.91 on 2026-10-26: -20.5% from the 52-week high, +247.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹36.62 · low ₹9.23
Total incomeNet profit
Total incomeNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Total income | 0 | 0 | 0 | 0 | 14 | 15 | 73 | 35 |
| Net interest income | – | – | – | – | 14 | 15 | 73 | 35 |
| Other income | 0 | 0 | 0 | 0 | 2 | 0 | 5 | 19 |
| Net profit | -11 | -11 | -57 | -9 | -65 | -20 | 64 | 9 |
| EPS (₹) | -1.06 | -1.06 | -5.68 | -0.86 | -0.31 | -0.09 | 0.28 | 0.04 |
| Revenue YoY | – | – | – | – | ||||
| Profit YoY | – | – | – | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 0 | 0 | 116 | 136 |
| Net profit | -179 | 413 | -43 | -90 | -45 | -13 |
| EPS (₹) | -19.99 | 41.12 | -4.32 | -8.92 | -0.21 | -0.08 |
| Revenue growth | -84.3% | -100.0% | – | – | – | |
| Profit growth | – | -110.5% | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +918.1% | +310.2% | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -5 | -40 | -113 | 6,347 |
| Borrowings | – | 464 | 508 | 564 | 1,015 |
| Cash & equivalents | – | 0 | 0 | 19 | 54 |
| Total assets | – | 495 | 502 | 488 | 7,479 |
| Fixed assets | – | 1 | 0 | 0 | 66 |
| Capital work in progress | – | – | 0 | – | 0 |
| Investments | – | 477 | 484 | 463 | – |
| Receivables | – | 0 | 0 | 0 | – |
| Inventory | – | 0 | 0 | 0 | 329 |
| Payables | – | 31 | 31 | 28 | – |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -494 | -5 | -2 | 7 | -60 |
| Cash from investing | 218 | 222 | 0 | 38 | -77 |
| Cash from financing | 274 | -218 | 2 | -27 | 131 |
| Capex | 0 | 0 | 0 | 0 | 19 |
| Free cash flow | -494 | -5 | -2 | 7 | -79 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -7,926.9% | 108.5% | 79.6% | -0.7% |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 32.87% |
| FIIs | 13.42% |
| DIIs | 0.11% |
| Government | 0.00% |
| Public (non-institutions) | 51.20% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 27.46% | 27.46% | 27.46% | 32.84% | 32.89% | 32.89% | 32.91% | 32.87% |
| Promoter group | % |
|---|---|
| Inuus Developers Private Limited | 19.66% |
| Valerian Real Estate Private Limited | 4.43% |
| Sameer Gehlaut | 4.33% |
| Calleis Infracon Private Limited | 2.88% |
| Kritikka Infrastructure Private Limited | 1.15% |
| Karanbhumi Estates Private Limited | 0.43% |
| Zwina Infrastructure Private Limited | 0.00% |
| Meru Minerals Private Limited | 0.00% |
| Galax Minerals Private Limited | 0.00% |
| Jyestha Infrastructure Private Limited | 0.00% |
| Phanes Limited | 0.00% |
| Hermes Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| ACM Global Fund VCC | 2.70% |
| Udaan Employee Welfare Trust | 2.24% |
| Mahi Madhusudan Kela | 2.21% |
| Anand Shaktikumar Sancheti | 1.83% |
| Divyesh Bharatkumar Shah | 1.31% |
| Cohesion MK Best Ideas Sub-trust | 1.26% |
| Unico Global Opportunities Fund Limited | 1.23% |
| Think India Opportunities Master Fund LP | 1.20% |
| Montecino Constructions | 1.15% |
| Jainam Broking Limited | 1.05% |
2,51,001 shareholders. Pledged: 0.00% of promoter shares.
Peers in Diversified Commercial Services
| Company | Market cap | P/E | P/B | ROE | ROA | Gross NPA | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| IGIL | ₹16,651 cr | 25.0x | 9.5x | 44.5% | 30.75% | – | – | 1.93% |
| WEWORK | ₹8,640 cr | 99.1x | 29.0x | 28.3% | 1.19% | – | – | – |
| IBULLSLTD | ₹6,919 cr | – | 1.1x | -0.4% | -0.18% | – | +918.1% | – |
| NESCO | ₹6,699 cr | 16.1x | 2.2x | 14.8% | 11.29% | – | +19.5% | 0.69% |
| NIRLON | ₹5,679 cr | 15.9x | 12.1x | 86.5% | 15.87% | – | +5.3% | 4.12% |
| RENTOMOJO | ₹5,292 cr | – | – | – | – | – | – | – |
| LEAPIND | ₹5,209 cr | – | – | – | – | – | – | – |
| SMARTWORKS | ₹5,085 cr | 182.4x | 9.6x | 5.2% | 0.43% | – | – | – |
| QUESS | ₹4,827 cr | 19.1x | 4.1x | 22.4% | 8.31% | – | -3.7% | – |
| INOXGREEN | ₹4,367 cr | 35.0x | 2.6x | 6.6% | 5.73% | – | +3.4% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Real Estate development and related activities | ₹59 cr | 50.7% | ₹54 cr | 91.2% |
| Equipment renting service and related activities | ₹39 cr | 33.4% | ₹2 cr | 4.0% |
| Financing and related activities | ₹14 cr | 12.1% | ₹-22 cr | -158.4% |
| Others | ₹4 cr | 3.8% | ₹0 cr | 0.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-19 | Other | Annual General Meeting |
| 2023-09-21 | Other | Annual General Meeting |
| 2022-09-23 | Other | Annual General Meeting |
| 2022-09-01 | Restructuring | Demerger |
| 2021-09-23 | Other | Annual General Meeting |
| 2020-11-09 | Other | Annual General Meeting |
| 2019-09-26 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2018-05-11 | Dividend | Interim Dividend - Re 1 Per Share |
| 2017-09-20 | Other | Annual General Meeting |
| 2016-09-15 | Other | Annual General Meeting |
| 2015-09-16 | Other | Annual General Meeting |
| 2014-09-17 | Other | Annual General Meeting |
| 2013-09-20 | Other | Annual General Meeting |
| 2013-05-06 | Dividend | Interim Dividend Re.1/- Per Equity Share |
| 2012-09-21 | Other | Annual General Meeting |
| 2011-09-22 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Real Estate: Real estate activities with own or leased property
- Equipment hiring business: Renting and operational leasing of construction and civil-engineering machinery and equipment such as crane lorries, work platforms and similar equipment without operator
- Interest income: Activities of holding companies and financing conduits
| Sector | Services |
| Industry | Diversified Commercial Services |
| Sub-industry | Diversified Commercial Services |
| Symbol | IBULLSLTD |
| BSE code | 533520 |
| ISIN | INE126M01010 |
| Face value | ₹2.0 |
| Incorporated | 2007-07-24 |
| Website | https://www.indiabulls.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.