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Indiabulls Ventures

BSE:532960
Snowflake Description

Proven track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532960
BSE
₹166B
Market Cap
  1. Home
  2. IN
  3. Diversified Financials
Company description

Indiabulls Ventures Limited provides securities, commodities, and derivative broking services in India. The last earnings update was 81 days ago. More info.


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532960 Share Price and Events
7 Day Returns
-4.7%
BSE:532960
-2.4%
IN Capital Markets
-2.2%
IN Market
1 Year Returns
-37.5%
BSE:532960
-28.2%
IN Capital Markets
-3.1%
IN Market
532960 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Indiabulls Ventures (532960) -4.7% 0.5% -11.7% -37.5% 841.1% 991.1%
IN Capital Markets -2.4% -1.5% -6.9% -28.2% 26.3% 38.8%
IN Market -2.2% -2.7% -4.1% -3.1% 22.1% 34.8%
1 Year Return vs Industry and Market
  • 532960 underperformed the Capital Markets industry which returned -28.2% over the past year.
  • 532960 underperformed the Market in India which returned -3.1% over the past year.
Price Volatility
532960
Industry
5yr Volatility vs Market

Value

 Is Indiabulls Ventures undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Indiabulls Ventures to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Indiabulls Ventures.

BSE:532960 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ₹30.26 * 12.7%
₹3.85
Book Value of Equity per Share Median Book Value from the past 5 years. ₹30.26
Discount Rate (Cost of Equity) See below 15.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:532960
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.65
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.65 (1 + (1- 35%) (49.52%))
0.906
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.906 * 8.6%)
15.34%

Discounted Cash Flow Calculation for BSE:532960 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Indiabulls Ventures is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BSE:532960 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.7% – 15.34%) * ₹30.26)
₹-0.79
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-0.79 / (15.34% - 7.55%)
₹-10.15
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹30.26 + ₹-10.15
₹20.12
BSE:532960 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹20.12
Current discount Discount to share price of ₹287.50
= -1 x (₹287.50 - ₹20.12) / ₹20.12
-1329.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Indiabulls Ventures is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Indiabulls Ventures's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Indiabulls Ventures's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532960 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹8.42
BSE:532960 Share Price ** BSE (2019-07-15) in INR ₹287.5
India Capital Markets Industry PE Ratio Median Figure of 182 Publicly-Listed Capital Markets Companies 15.44x
India Market PE Ratio Median Figure of 2,834 Publicly-Listed Companies 14.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Indiabulls Ventures.

BSE:532960 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532960 Share Price ÷ EPS (both in INR)

= 287.5 ÷ 8.42

34.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indiabulls Ventures is overvalued based on earnings compared to the IN Capital Markets industry average.
  • Indiabulls Ventures is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Indiabulls Ventures's expected growth come at a high price?
Raw Data
BSE:532960 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-9.5%per year
India Capital Markets Industry PEG Ratio Median Figure of 11 Publicly-Listed Capital Markets Companies 1.85x
India Market PEG Ratio Median Figure of 534 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Indiabulls Ventures, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Indiabulls Ventures's assets?
Raw Data
BSE:532960 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹109.42
BSE:532960 Share Price * BSE (2019-07-15) in INR ₹287.5
India Capital Markets Industry PB Ratio Median Figure of 267 Publicly-Listed Capital Markets Companies 0.6x
India Market PB Ratio Median Figure of 3,668 Publicly-Listed Companies 0.96x
BSE:532960 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532960 Share Price ÷ Book Value per Share (both in INR)

= 287.5 ÷ 109.42

2.63x

* Primary Listing of Indiabulls Ventures.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indiabulls Ventures is overvalued based on assets compared to the IN Capital Markets industry average.
X
Value checks
We assess Indiabulls Ventures's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Indiabulls Ventures has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Indiabulls Ventures expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Indiabulls Ventures, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-9.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Indiabulls Ventures expected to grow at an attractive rate?
  • Indiabulls Ventures's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Indiabulls Ventures's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Indiabulls Ventures's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:532960 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532960 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -9.5%
BSE:532960 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 17.1%
India Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 8.7%
India Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532960 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532960 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 27,280 1
2020-03-31 23,722 1
BSE:532960 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 19,263 4,591
2018-12-31 16,137 4,314
2018-09-30 13,114 3,651
2018-06-30 11,524 2,795
2018-03-31 8,105 -29,352 2,368
2017-12-31 5,824 2,298
2017-09-30 4,215 1,701
2017-06-30 3,524 1,321
2017-03-31 2,764 2,033 1,023
2016-12-31 2,406 506
2016-09-30 2,412 630
2016-06-30 2,314 669

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Indiabulls Ventures's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Indiabulls Ventures's revenue is expected to grow by 17.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532960 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Indiabulls Ventures Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532960 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31
2020-03-31
BSE:532960 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 8.42
2018-12-31 8.45
2018-09-30 7.61
2018-06-30 6.18
2018-03-31 5.51
2017-12-31 5.86
2017-09-30 4.79
2017-06-30 4.15
2017-03-31 3.47
2016-12-31 1.72
2016-09-30 2.15
2016-06-30 2.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Indiabulls Ventures is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Indiabulls Ventures's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Indiabulls Ventures has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Indiabulls Ventures performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Indiabulls Ventures's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Indiabulls Ventures has delivered over 20% year on year earnings growth in the past 5 years.
  • Indiabulls Ventures's 1-year earnings growth exceeds its 5-year average (93.9% vs 31.6%)
  • Indiabulls Ventures's earnings growth has exceeded the IN Capital Markets industry average in the past year (93.9% vs -7.2%).
Earnings and Revenue History
Indiabulls Ventures's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Indiabulls Ventures Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532960 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 19,263.10 4,590.97 3,688.19
2018-12-31 16,137.50 4,313.51 3,206.28
2018-09-30 13,114.14 3,650.68 2,771.24
2018-06-30 11,523.63 2,794.91 1,959.66
2018-03-31 8,104.92 2,367.54 1,832.14
2017-12-31 5,824.36 2,298.02 1,329.45
2017-09-30 4,215.04 1,701.37 1,127.62
2017-06-30 3,524.13 1,321.12 936.06
2017-03-31 2,764.12 1,022.52 1,016.46
2016-12-31 2,406.29 505.57 1,024.07
2016-09-30 2,412.44 630.28 1,013.48
2016-06-30 2,313.62 669.47 889.29
2016-03-31 2,424.30 738.40 1,003.54
2015-12-31 2,812.10 1,223.95 1,016.44
2015-09-30 2,650.20 1,419.90 992.41
2015-06-30 2,651.22 1,514.11 751.50
2015-03-31 2,839.58 1,506.38 850.73
2014-12-31 2,650.03 1,281.17 1,011.63
2014-09-30 2,989.10 1,130.70 968.50
2014-06-30 2,814.50 1,066.47 672.52
2014-03-31 2,707.88 1,016.36 857.19
2013-12-31 2,413.56 966.79 997.58
2013-09-30 2,261.74 871.19 1,018.40
2013-06-30 1,948.88 750.35 667.45
2013-03-31 1,845.38 632.99 977.94
2012-12-31 1,881.30 492.58 1,000.93
2012-09-30 1,883.35 435.88 986.81

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Indiabulls Ventures has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Indiabulls Ventures used its assets more efficiently than the IN Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Indiabulls Ventures improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Indiabulls Ventures's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Indiabulls Ventures has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Indiabulls Ventures's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Indiabulls Ventures's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Indiabulls Ventures is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Indiabulls Ventures's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Indiabulls Ventures's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Indiabulls Ventures Company Filings, last reported 3 months ago.

BSE:532960 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 65,751.28 82,416.51 23,439.14
2018-12-31 46,000.45 54,009.10 9,311.30
2018-09-30 46,000.45 54,009.10 9,311.30
2018-06-30 19,391.23 48,513.32 22,437.16
2018-03-31 19,391.23 56,153.99 22,483.75
2017-12-31 13,367.57 40,372.35 19,611.17
2017-09-30 13,367.57 40,372.35 19,611.17
2017-06-30 4,655.75 15,188.99 9,056.61
2017-03-31 4,655.75 15,202.35 9,056.61
2016-12-31 3,958.04 14,387.43 1,671.98
2016-09-30 3,958.04 14,387.43 1,671.98
2016-06-30 3,315.70 21,003.18 8,337.95
2016-03-31 3,315.70 21,074.20 8,337.95
2015-12-31 3,237.33 14,849.56 1,692.19
2015-09-30 3,237.33 14,849.56 1,692.19
2015-06-30 3,298.80 16,838.65 6,893.95
2015-03-31 3,298.80 17,146.70 6,893.95
2014-12-31 2,535.93 4,429.12 1,619.93
2014-09-30 2,535.93 4,429.12 1,619.93
2014-06-30 2,366.15 3,671.26 2,968.50
2014-03-31 2,366.15 4,058.81 2,968.50
2013-12-31 2,148.80 4,450.92 2,136.31
2013-09-30 2,148.80 4,450.92 2,136.31
2013-06-30 2,175.67 1,367.34 2,198.60
2013-03-31 2,175.67 1,683.50 2,198.59
2012-12-31 2,292.46 1,544.34 2,693.04
2012-09-30 2,292.46 1,544.34 2,693.04
  • Indiabulls Ventures's level of debt (125.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (171.4% vs 125.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Indiabulls Ventures's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Indiabulls Ventures's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Indiabulls Ventures has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Indiabulls Ventures's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.35%
Current annual income from Indiabulls Ventures dividends.
If you bought ₹2,000 of Indiabulls Ventures shares you are expected to receive ₹7 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Indiabulls Ventures's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Indiabulls Ventures's dividend is below the markets top 25% of dividend payers in India (2.17%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532960 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 1.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1447 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:532960 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
BSE:532960 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-04-25 1.000 0.348
2018-08-28 1.000 0.265
2018-04-23 1.000 0.197
2017-03-17 1.000 0.565
2016-01-20 2.000 8.966
2015-10-21 2.000 7.712
2015-07-21 4.000 12.215
2015-04-24 4.000 11.074
2015-01-19 4.000 11.512
2014-09-12 4.000 16.355
2014-07-21 4.000 16.229
2014-04-22 4.000 16.064
2014-01-23 4.000 21.266
2013-10-21 4.000 21.464
2013-04-25 3.000 26.909
2013-01-22 2.000 20.445
2012-07-23 0.000 0.000
2012-04-30 0.000 0.000
2011-09-05 1.000 12.283
2011-04-25 1.000 7.895
2010-10-18 2.000 9.987
2010-05-17 2.000 7.361
2010-03-31 2.000 6.508
2009-06-01 2.000 5.126
2009-04-15 2.000 6.106
2008-07-25 7.500 28.278

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Indiabulls Ventures's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Indiabulls Ventures's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Indiabulls Ventures afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Indiabulls Ventures has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Indiabulls Ventures's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Divyesh Kumar Shah
COMPENSATION ₹41,232,295
AGE 45
CEO Bio

Mr. Divyesh B. Shah serves as the Group Head of Retail at Tribhovandas Bhimji Zaveri Ltd. and served as its Head of the Retails Sales Department. Mr. Shah serves as the Chief Executive Officer at Indiabulls Ventures Limited (formerly, Indiabulls Securities Limited) and is responsible for setting up new branches and managing a large sales force. Mr. Shah has over 14 years of experience in the Share Broking Business. He worked with leading financial services firms and gained extensive experience managing and developing large brokerage sales team and cultivating deep client relationships. He has extensive expertise on the process and operations required for running securities broking business in a very professional manner. Mr. Shah serves as a Director at Indiabulls Properties Private Limited, Indiabulls Finance Company Private Limited, Indiabulls Engineering Limited, Indiabulls Resources Limited, Nilgiri Lands Limited, Indiabulls Infrastructure Projects Limited, Nilgiri Land Holdings Limited, Nilgiri Infrastructure Limited, Nilgiri Buildwell Limited, Indiabulls Natural Resources Limited and Nilgiri Commercial Estate Limited. He served as a Whole time Director of Indiabulls Ventures Limited since September 9, 2005. Mr. Shah joined the business in 1997. He holds a bachelors degree in commerce from the Kolkata University.

CEO Compensation
  • Divyesh's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Divyesh's remuneration is about average for companies of similar size in India.
Management Team

Divyesh Kumar Shah

TITLE
CEO & Whole-Time Director
COMPENSATION
₹41M
AGE
45

Rajeev Agrawal

TITLE
Chief Financial Officer
COMPENSATION
₹3M

Lalit Sharma

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹993K
TENURE
3.5 yrs

Pinank Shah

TITLE
Executive Director

Rajkumar Gupta

TITLE
Head of Investor Grievance Cell

Sudhir Khullar

TITLE
Head Secretarial
TENURE
9.1 yrs
Board of Directors Tenure

Average tenure and age of the Indiabulls Ventures board of directors in years:

1.9
Average Tenure
61
Average Age
  • The average tenure for the Indiabulls Ventures board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sameer Gehlaut

TITLE
Founder & Chairman
AGE
44

Divyesh Kumar Shah

TITLE
CEO & Whole-Time Director
COMPENSATION
₹41M
AGE
45
TENURE
13.8 yrs

Pinank Shah

TITLE
Executive Director
TENURE
1.9 yrs

Alok Misra

TITLE
Independent Director
COMPENSATION
₹300K
AGE
67
TENURE
1.9 yrs

Gagan Banga

TITLE
Non-Executive Director
AGE
44
TENURE
2.5 yrs

Vijayalakshmi Iyer

TITLE
Independent Director
COMPENSATION
₹300K
AGE
64
TENURE
1.9 yrs

Shyam Bansal

TITLE
Independent Director
COMPENSATION
₹300K
AGE
64
TENURE
1.9 yrs

Abhaya Hota

TITLE
Independent Director
AGE
61
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • Indiabulls Ventures individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
02. Jul 19 Buy Amit Gupta Individual 28. Jun 19 28. Jun 19 63,250 ₹278.57 ₹17,619,520
28. Jun 19 Buy Anish Williams Individual 25. Jun 19 25. Jun 19 70,669 ₹268.99 ₹19,009,511
28. Jun 19 Buy Sandeep Ghule Individual 25. Jun 19 25. Jun 19 59,366 ₹269.94 ₹16,025,320
28. Jun 19 Buy Aditya Gupta Individual 25. Jun 19 25. Jun 19 60,210 ₹269.03 ₹16,198,591
28. Jun 19 Buy Anand Kapadia Individual 25. Jun 19 25. Jun 19 29,600 ₹269.65 ₹7,981,706
28. Jun 19 Sell Gurbans Singh Individual 24. Jun 19 27. Jun 19 -75,000 ₹277.21 ₹-20,484,054
25. Jun 19 Buy Anish Williams Individual 21. Jun 19 24. Jun 19 135,735 ₹277.65 ₹37,686,399
25. Jun 19 Sell Ram Garg Individual 20. Jun 19 21. Jun 19 -5,500 ₹269.08 ₹-1,479,943
25. Jun 19 Buy Sandeep Ghule Individual 21. Jun 19 24. Jun 19 112,749 ₹277.85 ₹31,327,758
25. Jun 19 Buy Aditya Gupta Individual 21. Jun 19 24. Jun 19 114,616 ₹278.00 ₹31,863,375
25. Jun 19 Buy Anand Kapadia Individual 21. Jun 19 24. Jun 19 56,797 ₹278.05 ₹15,792,327
25. Jun 19 Sell Saurabh Singhal Individual 21. Jun 19 21. Jun 19 -23,980 ₹209.27 ₹-5,018,208
30. May 19 Sell Divyesh Kumar Shah Individual 27. May 19 28. May 19 -325,000 ₹310.11 ₹-100,785,195
04. Jun 19 Sell Prasant Dey Individual 30. May 19 30. May 19 -3,000 ₹321.40 ₹-964,190
03. Jun 19 Sell Vikas Sachdeva Individual 30. May 19 30. May 19 -10,000 ₹310.32 ₹-3,103,195
03. Jun 19 Sell Pankaj Sharma Individual 27. May 19 30. May 19 -10,000 ₹316.02 ₹-3,160,226
03. Jun 19 Sell Prashant Kadam Individual 23. May 19 23. May 19 -5,000 ₹339.00 ₹-1,695,000
03. Jun 19 Sell Gagan Banga Individual 30. May 19 03. Jun 19 -461,115 ₹307.75 ₹-141,242,401
28. May 19 Sell Mohd. Raja Individual 23. May 19 23. May 19 -10,000 ₹334.90 ₹-3,349,044
28. May 19 Sell Amiteshwar Choudhary Individual 22. May 19 22. May 19 -25,000 ₹324.19 ₹-8,104,749
28. May 19 Sell Sudhir Khullar Individual 24. May 19 24. May 19 -10,000 ₹322.06 ₹-3,220,643
28. May 19 Sell Saket Bahuguna Individual 22. May 19 22. May 19 -100,000 ₹322.02 ₹-32,202,158
16. Mar 19 Sell Gagan Banga Individual 13. Mar 19 15. Mar 19 -223,000 ₹285.42 ₹-63,649,442
18. Sep 18 Buy Ajit Mittal Individual 11. Sep 18 12. Sep 18 10,000 ₹710.06 ₹7,100,650
02. Aug 18 Sell Shankar Nanchahal Individual 01. Aug 18 01. Aug 18 -5,000 ₹605.62 ₹-3,028,110
02. Aug 18 Sell Amit Gandhi Individual 26. Jul 18 26. Jul 18 -2,000 ₹545.99 ₹-1,091,980
X
Management checks
We assess Indiabulls Ventures's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Indiabulls Ventures has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Indiabulls Ventures Limited provides securities, commodities, and derivative broking services in India. Its broking services include equity, derivative, commodity, and currency trading, as well as Demat accounts. The company also offers mutual funds with SIP, systematic equity plans, IPOs, and online offer for sales. In addition, it operates as a stock and share broker on the National Stock Exchange of India Limited and the BSE Limited; and commodity broker on the Multi Commodity Exchange of India Limited and the National Commodity and Derivative Exchange Limited. Further, the company is involved in the cross sale of real estate facilities; provision of other ancillary services relating to broking activities; and developing, operating, and maintaining industrial parks, as well as provides personal, and secured and unsecured SME loans. The company was formerly known as Indiabulls Securities Limited and changed its name to Indiabulls Ventures Limited in March 2015. Indiabulls Ventures Limited was incorporated in 1995 and is based in Mumbai, India.

Details
Name: Indiabulls Ventures Limited
532960
Exchange: BSE
Founded: 1995
₹166,447,275,794
556,772,958
Website: http://www.indiabullsventures.com
Address: Indiabulls Ventures Limited
Indiabulls House,
Indiabulls Finance Centre,
Mumbai,
Maharashtra, 400013,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532960 Equity Shares Mumbai Stock Exchange IN INR 28. Feb 2008
NSEI IBVENTURES Equity Shares National Stock Exchange of India IN INR 28. Feb 2008
BSE 890145 INR2(PPD60 PPD36 PPD36 UPD108) Mumbai Stock Exchange IN INR 12. Oct 2018
BDL INBSC SPON GDR EACH REPR 1 ORD SHS INR2 'REGS' Bourse de Luxembourg LU USD 18. Jul 2008
NSEI IBVENTUREPP INR2(PPD60 PPD36 PPD36 UPD108) National Stock Exchange of India IN INR 12. Oct 2018
Number of employees
Current staff
Staff numbers
0
Indiabulls Ventures employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 12:49
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/06/17
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.