# Indiabulls share price today (Indiabulls Limited, NSE: IBULLSLTD)

> Indiabulls share price today: ₹30.16 at the NSE close on 3 November 2026, up 44.2% in a year. Indiabulls (NSE: IBULLSLTD) is worth ₹7,027 crore, trades at a P/E of 14.5 and has closed between ₹9.35 and ₹36.58 over the past 52 weeks. > Indiabulls Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. IBULLSLTD · Diversified · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/indiabulls-limited

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## Key numbers

- Price: ₹30.16 (+44.2% in a year)
- P/E: 14.5× (lower than 58% of the last 10 years)
- Revenue (Jun 2026): ₹359 Cr (+290.2% on a year ago)
- Profit (Jun 2026): ₹141 Cr
- Operating margin: 43.0% (+28.0 points on a year ago)
- ROCE: 8%, FY26

The main question: profits are rising, but only 2% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Indiabulls share price today? Indiabulls Limited's share price was ₹30.16 at the close on 3 November 2026. It has been rising for 25 weeks. That is 24.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹9 and ₹37, and at that close it sat 76% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 9 weeks in a row. Over the last 11 years the share price moved +155% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Indiabulls this quarter? Three changes stood out: operating margin up 28 points on a year earlier, number of shareholders up 343% in a year and profit up on a year earlier for 5 quarters in a row. 1. Operating margin up 28 points on a year earlier 43% in the June 2026 quarter, from 15%. 2. Number of shareholders up 343% in a year 2,51,001 shareholders in the September 2026 quarter, against 56,661 a year earlier. 3. Profit up on a year earlier for 5 quarters in a row In the June 2026 quarter profit was ₹141 crore, +7150% on a year earlier. ## What are Indiabulls' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Indiabulls reported revenue of ₹359 crore, up 290.2% from ₹92.0 crore a year earlier, and a profit of ₹141 crore, against a loss of ₹2.00 crore a year earlier. ### Indiabulls results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹359 crore | ₹92.0 crore | +290.2% |
| Profit | ₹141 crore | loss of ₹2.00 crore | n/a |
| Earnings per share | ₹0.61 | ₹0.04 | +1,425.0% |
| Operating margin | 43.0% | 15.0% | +28.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 29 April 2026, about January to March 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Indiabulls share price history? Indiabulls closed at ₹30.16 on 3 November 2026, up 44.2% from ₹20.91 a year earlier (3 November 2025) and down 65.4% over five years. Its highest weekly close since March 2016 was ₹656.04 on 14 September 2018. ### Indiabulls share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹31.87 | −5.4% |
| 1 month ago · 1 Oct 2026 | ₹29.45 | +2.4% |
| 6 months ago · 30 Apr 2026 | ₹19.70 | +53.1% |
| 1 year ago · 3 Nov 2025 | ₹20.91 | +44.2% |
| 3 years ago · 3 Nov 2023 | ₹10.16 | +196.9% |
| 5 years ago · 4 Nov 2021 | ₹87.12 | −65.4% |
| 10 years ago · 4 Nov 2016 | ₹22.18 | +36.0% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹11.81 | +155.4% |
| Highest weekly close since March 2016 · 14 Sep 2018 | ₹656.04 | −95.4% |
| Lowest weekly close since March 2016 · 7 Mar 2024 | ₹7.67 | +293.2% |
| 52-week high (weekly close) · 9 Oct 2026 | ₹36.58 | −17.6% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹9.35 | +222.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Indiabulls? 3 Nov 2026: Indiabulls closed at ₹30.16, down 5.4% on the week and up 2.4% on the month. Results for April to June 2026: Revenue up 290.2% on a year earlier. ### Earlier

- 29 Apr 2026: Indiabulls held its results call for January to March 2026. Management guided: Real estate profit growth 2x in FY27, 3x in FY28 relative to FY26 base; consolidated company profit ₹1,000-1,500 crore window by 5-7 year horizon (through FY32)

## What dividend does Indiabulls pay? Indiabulls has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. Not in its latest year. Indiabulls Limited paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 13 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Indiabulls management say on the latest results call? On the call for January to March 2026, held on 29 April 2026, Indiabulls' management guided: Real estate profit growth 2x in FY27, 3x in FY28 relative to FY26 base; consolidated company profit ₹1,000-1,500 crore window by 5-7 year horizon (through FY32)

> “We should be easily crossing 1,000 to 1,500 crores of PAT in the coming 5 to 7 years”
> Divesh Shah, CEO, on the call for January to March 2026

### What management guided

- Indiabulls Tower Prabhadevi: expected annual lease rent ₹1,000 crore from year 4 onwards; capital expenditure ₹600 crore; construction timeline 3-4 years. - Real estate launches FY27 at 40 lakh sq ft with associated GDV ₹6,000+ crore; future pipeline 42 lakh sq ft valued ₹11,900 crore; total GDV ₹21,000+ crore expected to be monetized into balance sheet by FY31-32. - UPI and PPI digital payment licenses expected in current quarter (April to June 2026) as foundational infrastructure for ecosystem enablement and platform interconnection. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/5762-29-Apr-2026.pdf). (From the call for January to March 2026, 29 April 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.)

## What is the future of Indiabulls? What is changing in the business? What is changing at Indiabulls, from the latest results and calls: real estate project profit recognition inflection, merger completion, 17-entity clean-up and tax shield and prabhadevi tower annuity income (commercial). - Real Estate Project Profit Recognition Inflection. ₹21,000+ Cr GDV pipeline beginning to flow into P&L on percentage-completion basis, January to March 2026 real estate segment delivered ₹143 Cr operating profit from ₹266 Cr revenue. ⚠ estimate
- Merger Completion, 17-Entity Clean-Up and Tax Shield. Composite scheme merging 17 entities complete: debt-free consolidated entity, ₹750 Cr cash, ₹3,000 Cr tax shield (profit before tax ≈ profit until depleted), balance sheet clarity for the first time. ⚠ estimate
- Financial Services Capital-Light Platform. Broking (₹28 Cr profit before tax, ₹68,000 Cr client assets), ARC (₹3,794 Cr AUM), NBFC wind-down (₹1,000 Cr, ~1% GNPA), capital-light, not transformative, but stable second vertical. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 17 May 2026.)

## What could change the Indiabulls story? What are the risks? Supreme Court PIL against Sammaan Capital (formerly Indiabulls Housing Finance) involves overlapping promoter names, management says IBULLSLTD has no litigations, but market conflates the two. ### The main risks

- Governance Legacy and Brand Contamination from Sammaan Capital PIL: Supreme Court PIL against Sammaan Capital (formerly Indiabulls Housing Finance) involves overlapping promoter names, management says IBULLSLTD has no litigations, but market conflates the two. ⚠ estimate
- Revenue Recognition Lumpiness, Percentage Completion Model: Revenue flows in proportion to construction completion, not sales, quarterly P&L will be extremely lumpy; Dec 2025 quarter operating margin was -15% vs Mar 2026 at +42%. ✓ fact
- NBFC Revenue Decay as Book Winds Down: Legacy NBFC (₹1,000 Cr book, ~₹120 Cr annual revenue) is winding down with no fresh disbursements, this income stream disappears in 2-3 years. ✓ fact

(Our read after the latest results, written 17 May 2026.)

## What to watch in Indiabulls' next results? When Indiabulls reports July to September 2026, these are the 2 checks that show whether the story is still on course. First: Broking online platform customer acquisition and product launch execution - January to March 2026 added 28,000 customers; monitor April to June 2026 pace of online channel customer additions and delivery of 'ambitious product launches' to assess growth readiness against Zerodha/Groww competition. - What to check (from the call)
- Broking online platform customer acquisition and product launch execution - January to March 2026 added 28,000 customers; monitor April to June 2026 pace of online channel customer additions and delivery of 'ambitious product launches' to assess growth readiness against Zerodha/Groww competition. - Worli Tower construction commencement and capital deployment pace - ₹600 crore capital spending over 3-4 years to generate ₹1,000 crore annual rent from year 4; track Q1 project phase initiation and capital spending spend to confirm capital deployment trajectory and ₹1,000 crore annuity generation timeline. ## Which stock lists is Indiabulls on? Indiabulls is on one of our India lists: Penny stocks. [Penny stocks](https://www.sectoralpha.in/penny-stocks-india)

## Is Indiabulls profitable? Indiabulls Limited earned ₹141 Cr of net profit in the Jun 2026 quarter. Full-year FY26 profit was ₹346 Cr. Over 10 years profit has grown 47.7% a year on average. That is 39.3% of the quarter's revenue. The same quarter a year earlier lost ₹2.0 Cr. 8 of the last 12 reported quarters were loss-making. ## How much revenue does Indiabulls make, and is it growing? Indiabulls Limited reported ₹359 Cr of revenue in the Jun 2026 quarter, +290.2% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 10.4% a year on average. The last full year, FY26, came in at ₹833 Cr. Why this happened. The core thesis is simple: Indiabulls has been sitting on a large land bank and project pipeline for years with no revenue recognition. FY26 is the first year of meaningful recognition, Q4 alone delivered ₹143 Cr segment profit on ₹267 Cr revenue (53% margin). FY26 bookings: 909 units, 21.6 lakh sq ft, ₹2,752 Cr value. The pipeline, ₹6,000 Cr GDV planned for FY27 launches + ₹11,900 Cr future pipeline, underpins multi-year earnings growth if execution lasts. The last four reported quarters add to ₹1,101 Cr. FY26 revenue was ₹833 Cr, +87.6% on the year before. Recent pace: the last four quarters grew +172.0% on average, against 10.4% a year over the longer run, so this year is growing faster than its own long-run rate. ## How much of every ₹100 of sales does Indiabulls keep? Indiabulls Limited's operating margin was 43.0% in the Jun 2026 quarter, 28.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 11 years it has been between −7,349.0% and 33.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +28.1 percentage points on the year while gross margin changed −10.7 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Indiabulls' profit turning into cash? Over the last 3 years, 2% of Indiabulls Limited's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹194 Cr of operating cash against ₹346 Cr of profit. After −₹28.0 Cr of spending on assets, ₹222 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Indiabulls' cash go? Indiabulls Limited's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹833 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹652 Cr on assets over the last 3 years. Averaged over those years that is 26.1% of FY26 revenue a year. Spending on assets: ₹652 Cr over the last 3 years, against ₹83.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Indiabulls' P/E ratio, and how does it compare with its own history? Indiabulls Limited's P/E is 14.5×, in the middle of its own history: higher than 42% of past readings. Its usual P/E (the middle reading) is 15.7×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why this happened. The financial services arm is not a growth driver but a stable platform. Broking: ₹124 Cr FY26 revenue, 26% Q4 growth, adding 28,000 customers/quarter, ₹68,000 Cr client assets. ARC: ₹622 Cr fee-paying AUM, ₹288 Cr recoveries in FY26. Legacy NBFC: ₹1,000 Cr book, no fresh disbursements, ~1% GNPA, ~₹120 Cr annual revenue. The NBFC is winding down, this revenue stream disappears in 2-3 years. SpringCash (US fintech): $30 M valuation, $100 M+ disbursals, an optionality item only. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹1.86. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Where the price move came from: over 10 years the price moved +3.1% a year; about +3.3% a year came from earnings growth and about −0.2 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 339% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Indiabulls business getting better or worse? Indiabulls Limited's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## What is the Indiabulls story, and has it been checked? Indiabulls Limited's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: Not stated in the research file. Still open: NCR is ~70% of the current project portfolio; GRAP Stage 3/4 halts construction for 3-5 months annually in winter, directly interrupts percentage-completion recognition. Our read, 17 May 2026. From the numbers. From the price. Price stage 2, week 25, above its 200-day line, relative strength rising. From the research. Where they disagree. EPS setup (GOLDEN SETUP) is technically correct, EPS has swung from deeply negative to +₹1.18 in FY26, but the setup must be verified with 2-3 more quarters of consistent delivery before cycle signals carry weight. What is proven. What is not proven yet. NCR is ~70% of the current project portfolio; GRAP Stage 3/4 halts construction for 3-5 months annually in winter, directly interrupts percentage-completion recognition. The test written in advance. NCR Real Estate Cyclicality + GRAP Environmental Halts. Measured by: NCR Real Estate Cyclicality + GRAP Environmental Halts Q2 FY27 (Sep 2025 quarter) construction progress vs guided bookings; GRAP activation news Oct-Nov 2026 by the next result. The test written in advance. Governance Legacy and Brand Contamination from Sammaan Capital PIL. Measured by: Governance Legacy and Brand Contamination from Sammaan Capital PIL Supreme Court hearing dates on Sammaan Capital PIL; ED/RBI status reports by the next result. The test written in advance. Guidance Credibility Gap, 2x/3x Goals Unanchored. Measured by: Guidance Credibility Gap, 2x/3x Goals Unanchored Q1 FY27 (Jun 2026 quarter) real estate segment revenue and PAT versus ₹150 Cr+ trajectory needed for 2x by the next result. Lever 12 · New product launch: building. ₹21,000+ Cr GDV pipeline beginning to flow into P&L on percentage-completion basis, Q4 FY26 real estate segment delivered ₹143 Cr operating profit from ₹266 Cr revenue. What proves it keeps working: Real Estate Project Profit Recognition Inflection. It stops working if Q2 FY27 (Sep 2025 quarter) construction progress vs guided bookings; GRAP activation news Oct-Nov 2026. Lever 3 · Management change: building. Composite scheme merging 17 entities complete: debt-free consolidated entity, ₹750 Cr cash, ₹3,000 Cr tax shield (PBT ≈ PAT until depleted), balance sheet clarity for the first time. What proves it keeps working: Merger Completion, 17-Entity Clean-Up and Tax Shield. It stops working if Q2 FY27 (Sep 2025 quarter) construction progress vs guided bookings; GRAP activation news Oct-Nov 2026. Lever 6 · Order-book wins: building. Indiabulls Tower Prabhadevi (₹600 Cr capex, 3-4 years to completion) aiming for ₹100-120 Cr stable annual rental income, creates first annuity stream for the portfolio. What proves it keeps working: Prabhadevi Tower Annuity Income (Commercial). It stops working if Q2 FY27 (Sep 2025 quarter) construction progress vs guided bookings; GRAP activation news Oct-Nov 2026. Lever 8 · Demerger or value unlock: building. Broking (₹28 Cr PBT, ₹68,000 Cr client assets), ARC (₹3,794 Cr AUM), NBFC wind-down (₹1,000 Cr, ~1% GNPA), capital-light, not transformative, but stable second vertical. What proves it keeps working: Financial Services Capital-Light Platform. It stops working if Q2 FY27 (Sep 2025 quarter) construction progress vs guided bookings; GRAP activation news Oct-Nov 2026. Sources: our stock research file (17 May 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## How much does Indiabulls earn on its capital? Indiabulls Limited earned a ROCE of 8% in FY26. That is up from a low of −338% in FY24. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 41.5% net margin and 0.20× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 41.5% net margin × 0.20× asset turnover × 1.35× leverage (assets divided by equity) ≈ 11.2% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 339% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Indiabulls have too much debt? Indiabulls Limited had ₹459 Cr of borrowings against ₹3,084 Cr of equity in FY26, so its debt is 0.15× its equity. Its operating profit is 6 times its interest bill. Over 5 years borrowings went from ₹332 Cr to ₹459 Cr. Over the last 3 of those years it spent ₹652 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 339% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Indiabulls shareholding pattern? Foreign institutions raised their stake in Indiabulls Limited by 13.4 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 13.4% of the company. Promoters moved +5.4 points over the same period, to 32.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why this happened. The 3-year restructuring concluded with IBULLSLTD listing in December 2025. The entity carries no debt across any of the 17 subsidiaries, no hidden liabilities, and a ₹3,000 Cr deferred tax asset meaning PAT ≈ PBT for the foreseeable future. This is a one-time structural unlock that eliminates the complexity that previously obscured earnings. Going forward, the challenge is execution, not structure. Over the last two years: Foreign institutions: +13.4 points over 8 quarters, to 13.4%; Promoters: +5.4 points over 8 quarters, to 32.9%; Domestic institutions: +0.1 points over 8 quarters, to 0.1%. Why the owners changed: foreign institutions drove it (+13.4 points), together with promoters (+5.4 points). They raised their stake step by step. ## How far is Indiabulls from balance-sheet trouble? For Indiabulls Limited, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Indiabulls rank in its industry? 67.1 out of 100, rank 1 of 20 in Diversified, with 67% of the evidence available. Indiabulls Limited scores 67.1 out of 100 against the 20 companies it is compared with in Diversified, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 26.7 + 10.7 + 10.4 + 19.3 = 67.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Indiabulls compared with? Indiabulls ranks 1 of 20 Diversified companies on the 4-Factor Sector Score, with 67.1 out of 100. 1. Indiabulls Limited this page IBULLSLTD · leader · Most evidence points up · 67% evidence 67.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.7/35 · Revenue 100% · Profit 100% · Operating margin change 28 points · 71% evidence Capital efficiency 10.7/25 · ROCE 8.2% · Operating margin 43% · 76% evidence Valuation 10.4/20 · P/E 14.5× · PEG n/a · 15% evidence Relative strength 19.3/20 · Lead over its industry 51.7% · Lead over NIFTY 500 52.3% · 1 year 44.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 26.7 + 10.7 + 10.4 + 19.3 = 67.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Sobhagya Mercantile Ltd](https://www.sectoralpha.in/stocks/sobhagya-mercantile-ltd) leader · Evidence leans up · 80% evidence 61.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 21.9% · Profit 8.1% · Operating margin change -0.5 points · 95% evidence Capital efficiency 18.1/25 · ROCE 23.4% · Operating margin 14.4% · 95% evidence Valuation 8.9/20 · P/E 68.1× · PEG n/a · 15% evidence Relative strength 18.9/20 · Lead over its industry 41.2% · Lead over NIFTY 500 43.8% · 1 year 45.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15.9 + 18.1 + 8.9 + 18.9 = 61.8 · What this means: Relative strength against the index is 43.8%, and revenue and profit growth are weak. 3. [Kalind Ltd](https://www.sectoralpha.in/stocks/kalind-ltd) basing · Evidence leans up · 87% evidence 59.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.4/35 · Revenue 100% · Profit 100% · Operating margin change 21 points · 95% evidence Capital efficiency 17.1/25 · ROCE 32% · Operating margin 63% · 95% evidence Valuation 12.4/20 · P/E 7.6× · PEG n/a · 50% evidence Relative strength 0.0/20 · Lead over its industry -64% · Lead over NIFTY 500 -62.8% · 1 year -37.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 30.4 + 17.1 + 12.4 + 0 = 59.9 · What this means: Earnings are strong; relative strength in its sector is -64% and the one-year return is -37.8%. 4. [Grasim Industries Ltd](https://www.sectoralpha.in/stocks/grasim-industries-ltd) GRASIM · turning · Evidence leans up · 82% evidence 59.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 19.5% · Profit 33.1% · Operating margin change 1 points · 95% evidence Capital efficiency 13.1/25 · ROCE 8% · Operating margin 23% · 76% evidence Valuation 7.6/20 · P/E 35.4× · PEG n/a · 50% evidence Relative strength 14.5/20 · Lead over its industry 3.9% · Lead over NIFTY 500 6.4% · 1 year 3.1% · 100% evidence · 4 of 12 weeks ahead Exact sum: 23.8 + 13.1 + 7.6 + 14.5 = 59 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [BCL Industries Ltd](https://www.sectoralpha.in/stocks/bcl-industries-ltd) BCLIND · quiet · Evidence leans up · 82% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue -13.1% · Profit 15.2% · Operating margin change 3 points · 95% evidence Capital efficiency 14.1/25 · ROCE 13.9% · Operating margin 10% · 76% evidence Valuation 13.3/20 · P/E 7.6× · PEG n/a · 50% evidence Relative strength 7.7/20 · Lead over its industry -5.5% · Lead over NIFTY 500 -3.2% · 1 year -24.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 19.4 + 14.1 + 13.3 + 7.7 = 54.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Balmer Lawrie & Company Ltd](https://www.sectoralpha.in/stocks/balmer-lawrie-company-ltd) BALMLAWRIE · basing · Evidence leans up · 82% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue 8.9% · Profit 3.8% · Operating margin change 1 points · 95% evidence Capital efficiency 15.4/25 · ROCE 14.6% · Operating margin 13% · 76% evidence Valuation 14.4/20 · P/E 9.5× · PEG n/a · 50% evidence Relative strength 8.2/20 · Lead over its industry -9.7% · Lead over NIFTY 500 -7.2% · 1 year -23.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.5 + 15.4 + 14.4 + 8.2 = 54.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [3M India Ltd](https://www.sectoralpha.in/stocks/3m-india-ltd) 3MINDIA · quiet · Evidence leans up · 85% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 15.7% · Profit 16.1% · Operating margin change -3 points · 100% evidence Capital efficiency 20.7/25 · ROCE 50% · Operating margin 17% · 100% evidence Valuation 2.5/20 · P/E 74.1× · PEG 3.29 · 100% evidence Relative strength 8.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.3% · 1 year -1.9% · 25% evidence · 3 of 12 weeks ahead Exact sum: 21.4 + 20.7 + 2.5 + 8.5 = 53.1 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Texmaco Infrastructure & Holdings Ltd](https://www.sectoralpha.in/stocks/texmaco-infrastructure-holdings-ltd) TEXINFRA · leader · Evidence leans up · 75% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue 5.5% · Profit 100% · Operating margin change -37.9 points · 95% evidence Capital efficiency 7.7/25 · ROCE 1.4% · Operating margin -48.8% · 76% evidence Valuation 8.5/20 · P/E 159× · PEG n/a · 15% evidence Relative strength 17.1/20 · Lead over its industry 11% · Lead over NIFTY 500 13.6% · 1 year 9.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.2 + 7.7 + 8.5 + 17.1 = 51.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Bluspring Enterprises Ltd](https://www.sectoralpha.in/stocks/bluspring-enterprises-ltd) BLUSPRING · leader · Evidence leans up · 60% evidence 51.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 11.7% · Profit 100% · Operating margin change 0.5 points · 95% evidence Capital efficiency 6.3/25 · ROCE 5.8% · Operating margin 2.2% · 76% evidence Valuation 9.6/20 · P/E 47.6× · PEG n/a · 15% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 73.2% · 1 year 86.5% · 25% evidence · 12 of 12 weeks ahead Exact sum: 22.6 + 6.3 + 9.6 + 12.5 = 51 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Nurture Well Industries Ltd](https://www.sectoralpha.in/stocks/nurture-well-industries-ltd) basing · Evidence leans down · 80% evidence 46.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.6/35 · Revenue 34% · Profit 27% · Operating margin change 1 points · 95% evidence Capital efficiency 14.3/25 · ROCE 22.9% · Operating margin 11% · 95% evidence Valuation 11.5/20 · P/E 7.5× · PEG n/a · 15% evidence Relative strength 1.3/20 · Lead over its industry -35.9% · Lead over NIFTY 500 -33.2% · 1 year -24.8% · 100% evidence · 1 of 12 weeks ahead Exact sum: 19.6 + 14.3 + 11.5 + 1.3 = 46.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Nava Ltd](https://www.sectoralpha.in/stocks/nava-ltd) NAVA · basing · Evidence leans down · 93% evidence 46.2 out of 100 Growth Capital Valuation Relative
12. [Rossell India Ltd](https://www.sectoralpha.in/stocks/rossell-india-ltd) ROSSELLIND · Evidence leans down · 63% evidence 41.6 out of 100 Growth Capital Valuation Relative
13. [Tube Investments of India Ltd](https://www.sectoralpha.in/stocks/tube-investments-of-india-ltd) TIINDIA · quiet · Evidence leans down · 100% evidence 39.0 out of 100 Growth Capital Valuation Relative
14. [Swan Corp Ltd](https://www.sectoralpha.in/stocks/swan-corp-ltd) SWANCORP · quiet · Most evidence points down · 60% evidence 31.9 out of 100 Growth Capital Valuation Relative
15. [Andrew Yule & Company Ltd](https://www.sectoralpha.in/stocks/andrew-yule-company-ltd) ANDREWYU · quiet · Most evidence points down · 65% evidence 28.6 out of 100 Growth Capital Valuation Relative
16. [Integrated Industries Ltd](https://www.sectoralpha.in/stocks/integrated-industries-ltd) IIL · Too little evidence to rank firmly · 36% evidence 59.2 out of 100 Growth Capital Valuation Relative
17. [Piramal Enterprises Ltd(Merged)](https://www.sectoralpha.in/stocks/piramal-enterprises-ltd-merged) PEL · Too little evidence to rank firmly · 34% evidence 46.4 out of 100 Growth Capital Valuation Relative
18. [Arunis Abode Ltd](https://www.sectoralpha.in/stocks/arunis-abode-ltd) ARUNIS · Too little evidence to rank firmly · 31% evidence 42.4 out of 100 Growth Capital Valuation Relative
19. [Kesar Enterprises Ltd](https://www.sectoralpha.in/stocks/kesar-enterprises-ltd) KESAR · Too little evidence to rank firmly · 37% evidence 36.1 out of 100 Growth Capital Valuation Relative
20. [Bharat Global Developers Ltd](https://www.sectoralpha.in/stocks/bharat-global-developers-ltd) BGDL · Too little evidence to rank firmly · 49% evidence 31.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Diversified](https://www.sectoralpha.in/sectors/diversified), all 20 compared on one page. ## Which companies are close to Indiabulls in size? Indiabulls is the 7th largest of 20 Diversified companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Piramal Enterprises Ltd(Merged), Nava and Swan Corp. Just below it: Balmer Lawrie & Company, Bluspring Enterprises and Texmaco Infrastructure & Holdings. ### Diversified companies close in size

1. [Piramal Enterprises Ltd(Merged)](https://www.sectoralpha.in/stocks/piramal-enterprises-ltd-merged) ₹25,483 crore
2. [Nava Ltd](https://www.sectoralpha.in/stocks/nava-ltd) ₹14,416 crore
3. [Swan Corp Ltd](https://www.sectoralpha.in/stocks/swan-corp-ltd) ₹7,126 crore
4. Indiabulls Limited ₹7,036 crore
5. [Balmer Lawrie & Company Ltd](https://www.sectoralpha.in/stocks/balmer-lawrie-company-ltd) ₹2,657 crore
6. [Bluspring Enterprises Ltd](https://www.sectoralpha.in/stocks/bluspring-enterprises-ltd) ₹2,210 crore
7. [Texmaco Infrastructure & Holdings Ltd](https://www.sectoralpha.in/stocks/texmaco-infrastructure-holdings-ltd) ₹1,439 crore

[All 20 Diversified companies, largest first](https://www.sectoralpha.in/sectors/diversified#all-companies)

### Companies close in size in other industries

1. [Krishana Phoschem Ltd](https://www.sectoralpha.in/stocks/krishana-phoschem-ltd) ₹7,065 crore · Fertilisers
2. [Sunflag Iron & Steel Company Ltd](https://www.sectoralpha.in/stocks/sunflag-iron-steel-company-ltd) ₹7,064 crore · Steel Products
3. Indiabulls Limited ₹7,036 crore
4. [TTK Prestige Ltd](https://www.sectoralpha.in/stocks/ttk-prestige-ltd) ₹6,999 crore · Domestic Appliances
5. [Kirloskar Pneumatic Company Ltd](https://www.sectoralpha.in/stocks/kirloskar-pneumatic-company-ltd) ₹6,998 crore · Compressors

## What else do people ask about Indiabulls? ### What is Indiabulls's share price today? Indiabulls Limited's share price is ₹30.16, +44.2% over the past year. The whole company is worth ₹7,027 Cr on the market. In the last 52 weeks it traded between ₹9 to ₹37; today it is 76% of the way up from the low, 24.6% above its 200-day average (as of 3 November 2026). ### What were Indiabulls's latest quarterly results? Indiabulls Limited reported revenue of ₹359 Cr and net profit of ₹141 Cr for the Jun 2026 quarter. Earnings per share were ₹0.61. The operating margin was 43.0%, 28.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Indiabulls's market cap? Indiabulls Limited's market capitalisation is ₹7,027 Cr at a share price of ₹30.16. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Indiabulls performing? Indiabulls Limited's share price has been rising for 25 weeks. Over the past 13 weeks it has done better than the NIFTY 500, for 9 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Indiabulls's share price go up? This page does not forecast Indiabulls Limited's share price. What it shows instead: the share price is ₹30.16, and it has been rising for 25 weeks. Its P/E of 14.5× is higher than 42% of its own last 10 years (as of 3 November 2026). ### Where is Indiabulls in its business cycle? Indiabulls Limited's FY26 operating margin was 33.0%, against a 11-year range of −7,349.0% to 33.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 43.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Indiabulls story? The main question: profits are rising, but only 2% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Indiabulls a stock worth studying right now? What the numbers show: Indiabulls Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Indiabulls share price forecast for 2026? What management itself guided: Real estate profit growth 2x in FY27, 3x in FY28 relative to FY26 base; consolidated company profit ₹1,000-1,500 crore window by 5-7 year horizon (through FY32) What is changing at Indiabulls, from the latest results and calls: real estate project profit recognition inflection, merger completion. 17-entity clean-up and tax shield and prabhadevi tower annuity income (commercial). What would change the story: Supreme Court PIL against Sammaan Capital (formerly Indiabulls Housing Finance) involves overlapping promoter names, management says IBULLSLTD has no litigations, but market conflates the two. ## Lists

- Penny stocks: https://www.sectoralpha.in/penny-stocks-india

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