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Indiabulls Real Est.

₹121.9 3.6 | 3%

Market Cap ₹6600 Cr.

Stock P/E -6.3

P/B 2.4

Current Price ₹121.9

Book Value ₹ 51.1

Face Value 2

52W High ₹145.7

Dividend Yield 0%

52W Low ₹ 53.7

Indiabulls Real Est. Research see more...

Overview Inc. Year: 2006Industry: Construction - Real Estate

Indiabulls Real Estate Ltd operates as a real estate organisation in India. The company is concerned in the purchase, improvement, construction, and sale of real estate initiatives, in addition to other related activities; and provision of consultancy and advisory services to organizations engaged inside the development and production of real estate and infrastructure initiatives. Its assignment portfolio includes residential and business, in addition to SEZ tasks. The enterprise incorporated in 2006 and is based in Mumbai, India.

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Indiabulls Real Est. Share Price

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Indiabulls Real Est. Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 323 253 152 194 133 108 196 96 101 21
Other Income 33 20 13 9 15 25 13 12 11 19
Total Income 356 273 164 203 148 133 209 108 112 40
Total Expenditure 379 261 188 103 378 463 254 119 134 335
Operating Profit -24 12 -24 100 -230 -330 -44 -11 -22 -296
Interest 29 24 17 6 3 1 1 3 4 2
Depreciation 3 3 3 3 3 3 3 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 -39 -629 0 0 0
Profit Before Tax -55 -16 -44 90 -236 -373 -677 -16 -28 -301
Provision for Tax 32 44 8 34 0 3 2 2 10 1
Profit After Tax -87 -61 -52 57 -237 -376 -679 -18 -39 -302
Adjustments -0 1 -0 -0 -0 -0 -0 -0 -0 0
Profit After Adjustments -87 -60 -52 57 -237 -376 -680 -18 -39 -302
Adjusted Earnings Per Share -1.9 -1.3 -1 1 -4.4 -6.9 -12.6 -0.3 -0.7 -5.6

Indiabulls Real Est. Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1301 1736 2641 2959 2320 4503 4944 3271 1521 1445 587 414
Other Income 46 64 95 137 524 229 279 170 141 97 62 55
Total Income 1346 1800 2737 3097 2844 4732 5223 3441 1662 1541 648 469
Total Expenditure 851 1226 2030 2062 1675 1192 3901 2470 1342 1446 1133 842
Operating Profit 495 575 707 1035 1169 3540 1322 970 320 95 -484 -373
Interest 227 220 336 501 561 744 464 481 228 110 28 10
Depreciation 20 21 20 69 71 97 17 31 17 12 12 12
Exceptional Income / Expenses 0 0 0 0 0 0 0 -79 0 0 -39 -629
Profit Before Tax 248 334 351 464 539 2694 844 378 75 -27 -563 -1022
Provision for Tax 92 131 80 142 183 335 339 257 70 110 45 15
Profit After Tax 156 203 271 322 357 2360 504 121 5 -137 -608 -1038
Adjustments 18 21 -23 -26 40 13 -0 -0 -0 1 -1 0
Profit After Adjustments 174 224 248 296 397 2373 504 121 4 -137 -608 -1039
Adjusted Earnings Per Share 4.1 5.3 5.8 7.1 9.1 50 11.2 2.7 0.1 -3 -11.2 -19.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -59% -44% -33% -8%
Operating Profit CAGR -609% NAN% NAN% NAN%
PAT CAGR 0% NAN% NAN% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 119% 13% 4% 7%
ROE Average -20% -8% -1% 8%
ROCE Average -12% -2% 4% 7%

Indiabulls Real Est. Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 7037 6874 7170 3993 4043 3993 3998 3558 3482 3415 3656
Minority's Interest 236 10 33 833 711 10 11 11 11 11 12
Borrowings 1828 2428 5498 6917 7492 3000 3405 989 378 345 164
Other Non-Current Liabilities 49 73 137 87 505 -569 -306 -126 -21 89 110
Total Current Liabilities 3612 3964 3953 5922 5439 12649 8469 6517 4703 3786 2494
Total Liabilities 12761 13348 16792 17751 18190 19084 15578 10950 8554 7646 6435
Fixed Assets 317 304 112 112 129 61 52 74 26 36 24
Other Non-Current Assets 5403 5791 6712 3425 4580 3884 3353 541 441 512 299
Total Current Assets 7041 7253 9967 14215 13481 15139 11825 10244 7997 7097 6112
Total Assets 12761 13348 16792 17751 18190 19084 15578 10950 8554 7646 6435

Indiabulls Real Est. Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 86 413 183 574 1087 352 1674 603 48 81 50
Cash Flow from Operating Activities 818 578 -2830 973 639 -891 -1159 -432 853 -248 -343
Cash Flow from Investing Activities -101 -1350 -124 244 -875 222 1785 2779 971 280 661
Cash Flow from Financing Activities -397 529 3315 -695 -834 2057 -1695 -1890 -1791 -64 -331
Net Cash Inflow / Outflow 320 -243 360 521 -1069 1389 -1070 456 33 -31 -13
Closing Cash & Cash Equivalent 413 183 587 1087 352 1674 603 48 81 50 37

Indiabulls Real Est. Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 4.11 5.28 5.84 7.06 9.1 49.99 11.19 2.65 0.1 -3.02 -11.24
CEPS(Rs) 4.16 5.27 6.85 9.35 9.82 51.74 11.58 3.34 0.49 -2.76 -11
DPS(Rs) 2 3 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 159.88 162.12 168.72 88.3 92.75 62.04 64.99 68.73 67.54 65.93 59.64
Core EBITDA Margin(%) 34.53 29.42 23.14 30.33 27.81 73.53 21.09 24.48 11.81 -0.1 -93.02
EBIT Margin(%) 36.48 31.9 26.01 32.62 47.41 76.37 26.46 26.26 19.92 5.74 -91.18
Pre Tax Margin(%) 19.03 19.24 13.29 15.69 23.24 59.84 17.07 11.55 4.94 -1.87 -95.89
PAT Margin (%) 11.99 11.67 10.28 10.9 15.37 52.4 10.2 3.7 0.31 -9.5 -103.55
Cash Profit Margin (%) 13.56 12.88 11.02 13.24 18.45 54.55 10.55 4.64 1.44 -8.66 -101.48
ROA(%) 1.25 1.55 1.8 1.87 1.98 12.66 2.91 0.91 0.05 -1.69 -8.63
ROE(%) 2.23 2.97 3.87 5.93 9.21 67.53 17.17 4 0.15 -4.55 -19.56
ROCE(%) 4.95 5.71 5.83 7.26 8.35 28.6 13 10.88 5.53 1.76 -12.39
Receivable days 231.98 86.26 17.77 213.74 560.86 155.58 10.48 19.52 45.62 72.46 108.68
Inventory Days 1415.72 1016.53 739.84 869.76 1252.05 777.79 782.95 943.26 1588.49 1478.81 3216.89
Payable days 38.69 42.76 36.25 55.28 92.57 370.55 69.62 132.82 122.61 98.31 218.29
PER(x) 13.3 10.33 11.21 7.94 9.6 3.62 8.24 15.37 852.57 0 0
Price/Book(x) 0.34 0.34 0.39 0.64 0.94 2.92 1.42 0.59 1.2 1.54 0.82
Dividend Yield(%) 3.66 5.5 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 3.59 2.87 3.28 3.35 5.46 3.21 2.02 1.41 3.36 4.29 5.43
EV/Core EBITDA(x) 9.43 8.68 12.25 9.58 10.83 4.08 7.57 4.74 15.98 65.25 -6.58
Net Sales Growth(%) -6.54 33.5 52.12 12.05 -21.6 94.05 9.8 -33.84 -53.48 -5.04 -59.39
EBIT Growth(%) 2.94 16.73 24.05 40.52 13.95 212.57 -61.96 -34.34 -64.71 -72.63 -745
PAT Growth(%) -7.29 29.91 34 18.79 10.61 561.55 -78.63 -75.99 -96.1 -3009.4 -342.59
EPS Growth(%) 17.46 28.5 10.58 20.99 28.91 449.04 -77.62 -76.27 -96.41 -3266.95 -272.53
Debt/Equity(x) 0.36 0.43 0.91 2.41 2.33 1.65 1.39 0.76 0.35 0.38 0.07
Current Ratio(x) 1.95 1.83 2.52 2.4 2.48 1.2 1.4 1.57 1.7 1.87 2.45
Quick Ratio(x) 0.57 0.65 1 1.03 1.04 0.3 0.23 0.54 0.42 0.42 0.52
Interest Cover(x) 2.09 2.52 2.04 1.93 1.96 4.62 2.82 1.78 1.33 0.75 -19.36
Total Debt/Mcap(x) 1.08 1.29 2.35 3.44 2.25 0.77 1.33 1.46 0.33 0.28 0.1

Indiabulls Real Est. Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 0.26 0.03 0 0 0 0 0 0 0 0
FII 19.86 18.38 22.34 22.42 22.73 21.42 22.57 23.57 23.09 24.57
DII 4.05 4.86 5.71 4.35 2.43 1.37 0.89 1.07 1.78 0.41
Public 75.74 76.65 71.87 73.16 74.84 77.21 76.47 75.28 75.05 74.95
Others 0.09 0.09 0.07 0.07 0 0 0.07 0.07 0.07 0.07
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 0%.
  • Company has a low return on equity of -8% over the last 3 years.
  • Debtor days have increased from 98.31 to 218.29days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Indiabulls Real Est. News

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