Indiabulls Ltd
Indiabulls Ltd (IBULLSLTD) last reported results for the quarter ended Jun 2026, with sales of ₹359 crore and net profit of ₹141 crore. The stock last traded at ₹30.5, a market capitalisation of ₹7,113 crore, on a P/E of 14.7. Over the past 52 weeks the stock has ranged between ₹8.9 and ₹32.5. Figures are as of 6 Oct 2026 and are not real time.
Indiabulls Ltd share price and key metrics
- Current price
- ₹30.5
- Market cap
- ₹7,113 cr
- Stock P/E
- 14.7
- Book value
- ₹13.3
- ROE
- 23.1%
- ROCE
- 16.2%
- Dividend yield
- 0.00%
- 52w high / low
- 32.5/8.90
Metrics as of 6 Oct 2026. Not real time.
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Indiabulls Ltd growth and returns
- 10 Years
- 10%
- 5 Years
- 38%
- 3 Years
- 1864%
- TTM
- 166%
- 10 Years
- 46%
- 5 Years
- 37%
- 3 Years
- 50%
- TTM
- 371%
- 10 Years
- 3%
- 5 Years
- -21%
- 3 Years
- 39%
- 1 Year
- 71%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- Last Year
- 23%
Indiabulls Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹359 cr, up 290.2% from ₹92 cr a year earlier. Net profit turned positive at ₹141 cr.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 115 | 106 | 102 | 92 | 236 | 97 | 409 | 359 |
| Expenses | 103 | 82 | 284 | 78 | 129 | 111 | 238 | 206 |
| Operating profit | 12 | 24 | -182 | 14 | 107 | -14 | 170 | 154 |
| OPM % | 11% | 23% | -180% | 15% | 45% | -15% | 42% | 43% |
| Other income | 12 | 14 | 48 | 12 | 20 | 6 | -55 | 25 |
| Interest | 22 | 7 | 13 | 8 | 15 | 10 | 10 | 10 |
| Depreciation | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 8 |
| Profit before tax | -8 | 22 | -157 | 7 | 103 | -28 | 96 | 161 |
| Tax % | 69% | 114% | 4% | 125% | 27% | -384% | -102% | 12% |
| Net profit | -13 | -3 | -164 | -2 | 75 | 78 | 194 | 141 |
| EPS (₹) | -1.17 | -0.37 | -16.26 | 0.04 | 0.07 | 0.34 | 0.84 | 0.61 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Indiabulls Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 223 | 233 | 171 | 225 | 168 | 1 | 0 | 0 | -6 | 833 | 1,101 |
| Operating profit | 31 | 51 | -2 | -56 | 5 | -93 | -11 | -5 | -8 | 277 | 417 |
| OPM % | 14% | 22% | -1.2% | -25% | 3.2% | -7,349% | -10,309% | -22,850% | -46% | 33% | 38% |
| Net profit | -13 | 8 | 78 | -293 | -88 | -146 | 95 | -22 | -68 | 346 | 489 |
| EPS (₹) | -4.15 | 0.63 | 8.21 | -33.09 | -10.58 | -16.32 | 9.45 | -2.15 | -6.79 | 1.18 | 1.86 |
TTM is the trailing twelve months to the most recent quarter.
Indiabulls Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 10 | 11 | 18 | 18 | 18 | 20 | 20 | 20 | 20 | 447 |
| Reserves | 310 | 472 | 1,415 | 290 | 394 | -314 | -243 | -254 | -296 | 2,637 |
| Borrowings | 697 | 671 | 342 | 1,141 | 332 | 502 | 214 | 244 | 263 | 459 |
| Other liabilities | 138 | 72 | 196 | 235 | 881 | 85 | 46 | 36 | 37 | 632 |
| Total liabilities | 1,155 | 1,226 | 1,971 | 1,684 | 1,625 | 294 | 38 | 46 | 24 | 4,173 |
| Fixed assets | 604 | 502 | 420 | 355 | 235 | 6 | 1 | 0 | 0 | 571 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 222 | 874 | 541 | 589 | 48 | 22 | 31 | 3 | 118 |
| Other assets | 551 | 502 | 677 | 788 | 801 | 239 | 15 | 14 | 21 | 3,484 |
| Total assets | 1,155 | 1,226 | 1,971 | 1,684 | 1,625 | 294 | 38 | 46 | 24 | 4,173 |
As reported by the company. Total assets equal total liabilities by construction.
Indiabulls Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -529 | -76 | -175 | -218 | 841 | -487 | -11 | -12 | 5 | 194 |
| Cash from investing | 571 | -19 | -549 | -499 | 179 | 328 | 223 | 0 | 54 | 38 |
| Cash from financing | -30 | 97 | 709 | 717 | -1,004 | 157 | -212 | 12 | -41 | -216 |
| Net cash flow | 13 | 2 | -14 | -0 | 16 | -2 | -1 | -0 | 19 | 17 |
| Free cash flow | -537 | 15 | -244 | -212 | 950 | -490 | -11 | -12 | 5 | 161 |
| CFO / operating profit | -1,709% | -152% | 7,948% | 343% | 15,509% | 516% | 107% | 44% | -87% | 68% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Indiabulls Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 2% | 3% | 1% | 1% | 2% | -14% | 174% | -338% | — | 16% |
| Debtor days | 77 | 158 | 185 | 131 | 180 | 167 | 1,560 | 0 | 0 | 33 |
| Inventory days | — | 450 | 244 | — | — | — | — | — | 0 | 1,151 |
| Days payable | — | 490 | 239 | — | — | — | — | — | — | 497 |
| Cash conversion cycle | 77 | 118 | 190 | 131 | 180 | 167 | 1,560 | 0 | 0 | 687 |
| Working capital days | 53 | -457 | 668 | -1,125 | -780 | -15,801 | -105,916 | -457,528 | -17,180 | 629 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Indiabulls Ltd shareholding pattern
Promoters held 32.91% at Jun 2026, up from 27.46% at Jun 2025. FIIs 17.08% and DIIs 0.11%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 27.46% | 27.46% | 27.46% | 27.46% | 27.46% | 32.89% | 32.89% | 32.91% |
| FIIs | 0.00% | 0.01% | 0.50% | 0.53% | 1.29% | 17.92% | 17.00% | 17.08% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.05% | 0.05% | 0.08% | 0.16% | 0.11% |
| Public | 70.81% | 70.78% | 70.29% | 70.21% | 69.46% | 45.21% | 46.05% | 45.99% |
| No. of shareholders | 64,678 | 63,447 | 61,705 | 60,247 | 56,661 | 2,50,082 | 2,49,915 | 2,49,884 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Indiabulls Ltd corporate filings
- Submission of Certificate under Regulation 74(5) of SEBI (DP), Regulations, 2018, for the quarter ended September 30, 2026. Please refer attachment for further details.Company Updatelow impact
- RBI grants registration as Core Investment Company to Indiabulls LtdCompany Updatelow impact
Cruxal's analysis: Indiabulls Ltd has received a Certificate of Registration from the Reserve Bank of India…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
Cruxal's analysis: Please find attached intimation of closure of Trading Window of the Company.
Read the full analysis - Indiabulls Limited: Promoter Group Phanes Limited and PACs Allot 36.55 Crore Convertible WarrantsInsider Trading / SASThigh impact
Cruxal's analysis: Indiabulls Limited has announced a preferential allotment of 36.55 crore convertible…
Read the full analysis - Indiabulls Limited: Promoter Group Increases Stake via Preferential Allotment of 14.02 Crore WarrantsInsider Trading / SASThigh impact
Cruxal's analysis: Indiabulls Limited has announced a significant capital infusion through a preferential…
Read the full analysis - Indiabulls Limited Announces Strategic Fintech Acquisition and Updates on Capital Raising at 19th AGMAGM/EGMhigh impact
Cruxal's analysis: Indiabulls Limited has confirmed the acquisition of a 70% equity stake in Fintech Cloud…
Read the full analysis - Indiabulls Limited: Promoter Group Increases Stake via Preferential Allotment of 36.55 Crore WarrantsInsider Trading / SASThigh impact
Cruxal's analysis: Indiabulls Limited has disclosed a significant promoter-led capital infusion through the…
Read the full analysis - Indiabulls Limited: Promoter Group Entities Acquire 36.55 Crore Convertible Warrants via Preferential AllotmentInsider Trading / SASThigh impact
Cruxal's analysis: Indiabulls Limited has disclosed a preferential allotment of 36.55 crore convertible…
Read the full analysis - Indiabulls Limited completes preferential allotment of 51.55 crore warrants to raise capitalCompany Updatehigh impact
Cruxal's analysis: Indiabulls Limited has successfully allotted 51.55 crore convertible warrants at an issue…
Read the full analysis - Indiabulls Limited to acquire 70% stake in Fintech Cloud Private Limited for 1,050 crore via share swapCompany Updatehigh impact
Cruxal's analysis: Indiabulls Limited has entered into a definitive agreement to acquire a 70% stake in…
Read the full analysis - Indiabulls Ltd announces newspaper publication for 19th Annual General Meeting e-votingCompany Updatelow impact
Cruxal's analysis: Indiabulls Ltd has issued a formal intimation regarding the publication of newspaper…
Read the full analysis - Indiabulls Ltd announces 19th Annual General Meeting and FY 2025-26 Annual ReportCompany Updatelow impact
Cruxal's analysis: Indiabulls Ltd has issued the notice for its 19th Annual General Meeting and released the…
Read the full analysis - Indiabulls Limited Announces 19th Annual General Meeting and Releases Annual Report for FY 2025-26AGM/EGMhigh impact
Cruxal's analysis: Indiabulls Limited has issued a notice for its 19th Annual General Meeting (AGM)…
Read the full analysis - Indiabulls Ltd submits mandatory corporate governance and director non-disqualification certificatesCompany Updatelow impact
Cruxal's analysis: Indiabulls Ltd has filed its compliance certificates regarding corporate governance and…
Read the full analysis - Indiabulls Ltd files Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: Indiabulls Ltd has submitted its Business Responsibility and Sustainability Report (BRSR)…
Read the full analysis - Indiabulls Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Indiabulls Ltd has filed its Annual Report for the financial year 2025-26 as per…
Read the full analysis - Indiabulls Ltd files newspaper clippings regarding 19th Annual General MeetingCompany Updatelow impact
Cruxal's analysis: Indiabulls Ltd has submitted copies of newspaper advertisements as part of its compliance…
Read the full analysis - Indiabulls Limited announces 19th Annual General MeetingCorp. Actionlow impact
Cruxal's analysis: Indiabulls Limited has issued an intimation regarding the convening of its 19th Annual…
Read the full analysis - Indiabulls Limited schedules 19th Annual General Meeting for September 28, 2026AGM/EGMlow impact
Cruxal's analysis: Indiabulls Limited has announced the convening of its 19th Annual General Meeting (AGM)…
Read the full analysis - Indiabulls Limited announces board transition with appointment of Dr. Sushi Singh as Independent DirectorCompany Updatelow impact
Cruxal's analysis: Indiabulls Limited has announced a change in its board composition, with the resignation…
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