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Indiabulls Limited (IBULLSLTD)

Small Cap

Diversified stocks · Small cap · NSE

Indiabulls Limited operates in Financial Services, within the Diversified sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹34.18
-1.24 · -3.50%
Market cap ₹6,875 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am IST
Details
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result24 Jul, 01:06 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Diversified P/E 16.4 (n=25)
Technical timing lens

Trend score and candlestick chart

84Strong Bull

full bull SMA stack · SMA20 +21.4% / mo · MACD + · near 52W high

Stock trend: 84
Sector RS: —

Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence

Technical chart

IBULLSLTDD candles · FIT view+106.5%
Latest close ₹34.18 on 2026-10-19

Daily history is available from 2025-11-10; the requested 1Y window is partially covered.

Bar
-4.3%
RSI
58
MACD hist
0.21
52W pos
84%
Visible chart range
Candle interval
2026-10-19O ₹35.70H ₹35.92L ₹34.00C ₹34.18Vol 1.5Cr sh
₹11.44₹18.63₹25.82₹33.01₹40.2052H₹34.182026-032026-06VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

IBULLSLTDNifty 500
-20%-2%+16%+34%20 Jul1 Sept19 Oct19 Oct 2026IBULLSLTD +16.3%Nifty 500 -5.6%
IBULLSLTD
+16.3%
Nifty 500
-5.6%
Vs Nifty 500
+21.9 pp
Chart stats
19 Oct 2026
From 52W high
-12.1%
₹38.9
52W range position
84%
₹8.9 - ₹38.9
ATR (14)
5.9%
₹2
Volume vs 20D
0.71x
Latest completed session
Avg traded value
₹68.6 Cr
20-session average
20D price channel
₹28.1 - ₹38.9
59.5% annualized volatility

No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.

Research snapshot

What the evidence says now

Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend supports entry, and recent execution is mixed.

Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED
67

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Average
45

Revenue +290.2% · PAT NDF YoY

Technical
Strong Bull
84

Price trend and sector-relative-strength timing.

Valuation
Legacy model
+25.3%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
75

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Average · 45/100

Rev +290% YoY · margin expansion

Filed 23 Jul 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹359 Cr+290.2%-12.2%
EBITDA₹154 Cr+1000.0%-9.4%
Operating margin43.0%+2800 bps+100 bps
PAT₹141 CrNDF-27.3%
PAT margin39.3%+4145 bps-815 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
14.20
P/B
2.22
EV/EBITDA
16.19
Market Cap
6875.00Cr

Profitability

ROE
23.10%
ROCE
16.20%
ROA
11.72%
Dividend Y
—

Growth (CAGR)

Revenue 5Y
38.00%
EPS 5Y
37.00%
Revenue 3Y
76.00%
EPS 3Y
50.00%

Balance Sheet

Debt/Equity
0.15
Interest Coverage
9.48×
Altman Z
5.53
Book Value
13.30

Cash Flow

FCF Yield
3.37%
FCF Positive Y
5/5
OCF
194.00 Cr
EPS TTM
1.86

Shareholding

Promoter Hold
32.91%
Promoter Pledge
0.00%
Momentum 52W
87%

Financial History

Updated 20/10/2026

Revenue

₹ Cr
Latest: 833+13983.3% vs prev
-6.00833.0Mar 2017: 223Mar 2018: 233Mar 2019: 171Mar 2020: 225Mar 2021: 168Mar 2022: 1.0Mar 2023: 0.0Mar 2024: 0.0Mar 2025: -6.0Mar 2026: 833FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Net Profit

₹ Cr
Latest: 346+608.8% vs prev
-293.00346.0Mar 2017: -13.0Mar 2018: 8.0Mar 2019: 78.0Mar 2020: -293Mar 2021: -88.0Mar 2022: -146Mar 2023: 95.0Mar 2024: -22.0Mar 2025: -68.0Mar 2026: 346FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Return on Equity

%
Latest: 11.2+152.5% vs prev
-95.1011.2Mar 2017: -4.1%Mar 2018: 1.7%Mar 2019: 5.4%Mar 2020: -95.1%Mar 2021: -21.4%Mar 2026: 11.2%FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Mixed signals

Signals are conflicting — long-term uptrend intact. RSI 58. Wait for confirmation.

  • Price > SMA20 > SMA50 > SMA200 — full bullish stack.
  • SMA20 rising (~17.6% over last month) — short-term momentum positive.
  • RSI(14) at 58 — falling, no extreme reading.
  • MACD above signal but histogram contracting — bullish momentum cooling.
  • 12% off 52W high · 284% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Valuation & peers

U-Score 67 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies

67U-SCORE
Financial Turnaround

Fundamental score breakdown

U band · UNDERVALUED
Valuation9/30
Growth24/25
Quality13/20
Balance Sheet9/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
-1
Raw sum
67

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

67/100 · legacy band UNDERVALUED

Positive drivers

  • FCF yield is supportive at 3.4%.
  • Piotroski is strong at 8/9.
  • Fair-value margin of safety is positive at 25.3%.

Main drags

  • Penalty bucket subtracts 1 points.
  • Valuation is weaker at 9/30; verify the latest quarterly trend.
  • Balance sheet is weaker at 9/15; verify the latest quarterly trend.
Sector valuation model

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.

Blended relative
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
14.2
PB
2.2
EV/EBITDA
16.2
ROE
23.1%
ROCE
16.2%
FCF Yield
3.4%
Debt/Equity
0.1
MoS
+25.3%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
67
Previous: 67
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+25.3%
Previous: +25.3%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026
v4.3-runtime-valuation
62
62
62
62
62
62
62
62
62
62
67
67

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹23.59
-44.9% MoS
Growth-justified P/E
24.6
Growth-justified Value
₹45.76
+25.3% MoS
PEG
0.34

Comparable companies

Peers

Business-comparable peers in Diversified — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SINDHUTRAD
Small
Sindhu Trade Links Limited
Diversified
match 59
28
52.7
2.5%
-63%
OVERVALUED
GANESHBE
Small
Ganesh Benzoplast Limited
Diversified
match 57
62
13.0
10.7%
+64%
UNDERVALUED
JAICORPLTD
Small
Jai Corp Limited
Diversified
match 57
49
16.4
12.0%
+24%
FAIR VALUE
SICAGEN
Small
Sicagen India Limited
Diversified
match 56
65
10.0
3.8%
+60%
UNDERVALUED
RPSGVENT
Small
RPSG VENTURES LIMITED
Diversified
match 56
18
—
-5.3%
—
OVERVALUED

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

Indiabulls Limited operates in Financial Services, within the Diversified sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Trust Score
75Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 78th percentile of the scored universe and 78th percentile within Diversified. Main check: results consistency is weak at 57/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026
management-trust-v1
9 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
78th percentile

overall median 67 · Diversified: 78th pctile, median 61 · Small: 80th pctile, median 66

Evidence depth
Financial-only

9 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
82
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
66
acceptable · capital discipline
Results
57
watch · quarterly consistency

Trust positives

  • ▸Promoter pledge is zero.
  • ▸Promoter holding increased 5.5%.
  • ▸FCF yield is positive at 3.9%.
  • ▸5 years of positive FCF.

Trust risks

  • ▸ROCE trend is -47.8%.
  • ▸OPM spread across recent quarters is 225%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

12 shown
Annual reportSep 2026

Sep 2026 · Notice Convening 19Th Annual General Meeting Of Members Of Indiabulls Limited (Formerly Yaari Digital Integrated Services Limited) ('The Company'), Along With Annual Report Of Financial Year 2025-26 3 Sep - Indiabulls AGM on September 28, 2026; annual report sent, director reappointment, remuneration hike, independent director appointment proposed.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Allotment 24 Sep - Allotted 51.55 crore convertible warrants at ₹19.40 each, raising ₹250.02 crore upfront.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Acquisition 11 Sep - Indiabulls to acquire 70% of Fintech Cloud Private Limited for Rs 1,050 crore via NCLT scheme.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep - Please find attached intimation of newspaper publication regarding evoting on the resolutions mentioned in the Notice of 19th Annual General Meeting of the Company. For …

Source: Bse

Open source ↗
AnnouncementAug 2026

Aug 2026 · Announcement under Regulation 30 (LODR)-Allotment 19 Aug - On August 19, 2026, Indiabulls allotted 26,60,700 shares under ESOP 2025; paid-up capital rose to Rs. 466.44 crore.

Source: Bse

Open source ↗
Investor presentationJul 2026

Jul 2026 · PPT

Source: Bse

Open source ↗
AnnouncementJul 2026

Jul 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Jun - Please find attached copy of Newspaper Publication for corrigendum to the Notice of Extraordinary General Meeting to be held on July 2, 2026.

Source: Bse

Open source ↗
AnnouncementJul 2026

Jul 2026 · Announcement under Regulation 30 (LODR)-Preferential Issue 3 Jun - Board approved ₹1,000.07 crore warrant issue to four investors; EGM on July 2, 2026.

Source: Bse

Open source ↗
AnnouncementJul 2026

Jul 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jun - Please find attached Newspaper clippings, w.r.t. Extraordinary General Meeting to be held on July 02, 2026.

Source: Bse

Open source ↗
AnnouncementJun 2026

Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 23 Jul - Indiabulls Q1 FY27 revenue ₹384.4 crore, PAT ₹141 crore; approved ₹1,000.07 crore preferential capital raise.

Source: Bse

Open source ↗
AnnouncementJun 2026

Jun 2026 · Announcement under Regulation 30 (LODR)-Allotment 8 Jun - 51,61,464 shares allotted on June 8, 2026 under Indiabulls ESOP Scheme 2025.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 Jun - Please find attached Intimation of Group Meeting with Analysts / Investors under Regulation 30 of SEBI (LODR) Regulations, 2015.

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.