NSEI:IBVENTUREPP

Stock Analysis Report

Executive Summary

Indiabulls Ventures Limited provides securities, commodities, and derivatives broking services in India.

Snowflake

Fundamentals

Acceptable track record and slightly overvalued.


Similar Companies

Share Price & News

How has Indiabulls Ventures's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.6%

IBVENTUREPP

-2.0%

IN Capital Markets

1.6%

IN Market


1 Year Return

-91.5%

IBVENTUREPP

-31.4%

IN Capital Markets

0.8%

IN Market

Return vs Industry: IBVENTUREPP underperformed the Indian Capital Markets industry which returned -31.4% over the past year.

Return vs Market: IBVENTUREPP underperformed the Indian Market which returned 0.8% over the past year.


Shareholder returns

IBVENTUREPPIndustryMarket
7 Day0.6%-2.0%1.6%
30 Day-65.3%-5.6%1.5%
90 Day-85.6%-21.4%-3.3%
1 Year-91.5%-91.5%-30.3%-31.4%2.7%0.8%
3 Yearn/a-19.7%-22.6%22.0%16.0%
5 Yearn/a10.2%3.5%42.3%29.3%

Price Volatility Vs. Market

How volatile is Indiabulls Ventures's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Indiabulls Ventures undervalued compared to its fair value and its price relative to the market?

11.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: IBVENTUREPP (₹23.35) is trading above our estimate of fair value (₹6.21)

Significantly Undervalued: IBVENTUREPP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IBVENTUREPP is good value based on its PE Ratio (12x) compared to the Capital Markets industry average (13.7x).

PE vs Market: IBVENTUREPP is good value based on its PE Ratio (12x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate IBVENTUREPP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IBVENTUREPP is overvalued based on its PB Ratio (0.9x) compared to the IN Capital Markets industry average (0.5x).


Next Steps

Future Growth

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

-7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IBVENTUREPP's earnings are forecast to decline over the next 3 years (-7.4% per year).

Earnings vs Market: IBVENTUREPP's earnings are forecast to decline over the next 3 years (-7.4% per year).

High Growth Earnings: IBVENTUREPP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: IBVENTUREPP's revenue (9.9% per year) is forecast to grow slower than the Indian market (11.4% per year).

High Growth Revenue: IBVENTUREPP's revenue (9.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if IBVENTUREPP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Indiabulls Ventures performed over the past 5 years?

34.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IBVENTUREPP's earnings have grown significantly by 34.6% per year over the past 5 years.

Accelerating Growth: IBVENTUREPP's earnings growth over the past year (72.2%) exceeds its 5-year average (34.6% per year).

Earnings vs Industry: IBVENTUREPP earnings growth over the past year (72.2%) exceeded the Capital Markets industry -17.8%.


Return on Equity

High ROE: IBVENTUREPP's Return on Equity (7.5%) is considered low.


Return on Assets

ROA vs Industry: IBVENTUREPP's Return on Assets is below or equal to the Capital Markets industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate IBVENTUREPP's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Indiabulls Ventures's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: IBVENTUREPP has a low level of unsold assets or inventory.

Debt Coverage by Assets: IBVENTUREPP's debt is covered by short term assets (assets are 1.899320x debt).


Financial Institutions Analysis

Asset Level: IBVENTUREPP's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if IBVENTUREPP has a sufficient allowance for bad loans.

Low Risk Liabilities: IBVENTUREPP reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if IBVENTUREPP has an acceptable proportion of non-loan assets held.

Low Risk Deposits: IBVENTUREPP has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if IBVENTUREPP has an appropriate level of bad loans.


Next Steps

Dividend

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

1.00%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%0.6%markettop25%2.5%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: IBVENTUREPP's dividend (1%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: IBVENTUREPP's dividend (1%) is low compared to the top 25% of dividend payers in the Indian market (2.49%).

Stable Dividend: IBVENTUREPP's dividend payments have been volatile in the past 10 years.

Growing Dividend: IBVENTUREPP's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.9%), IBVENTUREPP's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.2yrs

Average board tenure


CEO

Divyesh Kumar Shah (45yo)

0yrs

Tenure

₹41,825,606

Compensation

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 Indiabull ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Divyesh's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Divyesh's compensation has been consistent with company performance over the past year.


Board Age and Tenure

2.2yrs

Average Tenure

54.5yo

Average Age

Experienced Board: IBVENTUREPP's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Sameer Gehlaut (44yo)

    Founder & Non-Executive Chairman

    • Tenure: 0yrs
  • Divyesh Kumar Shah (45yo)

    CEO, BR Head & Whole-Time Director

    • Tenure: 0yrs
    • Compensation: ₹41.83m
  • Rajkumar Gupta

    Head of Investor Grievance Cell

    • Tenure: 0yrs
  • Sudhir Khullar

    Head Secretarial

    • Tenure: 9.3yrs
  • Pinank Shah

    Executive Director

    • Tenure: 2.2yrs
  • Rajeev Agrawal

    Chief Financial Officer

    • Tenure: 0yrs
    • Compensation: ₹3.03m
  • Lalit Sharma

    Compliance Officer & Company Secretary

    • Tenure: 3.8yrs
    • Compensation: ₹1.17m

Board Members

  • Sameer Gehlaut (44yo)

    Founder & Non-Executive Chairman

    • Tenure: 0yrs
  • Gagan Banga (44yo)

    Non-Executive Director

    • Tenure: 2.2yrs
  • Alok Misra (67yo)

    Independent Director

    • Tenure: 2.2yrs
    • Compensation: ₹1.10m
  • Divyesh Kumar Shah (45yo)

    CEO, BR Head & Whole-Time Director

    • Tenure: 0yrs
    • Compensation: ₹41.83m
  • Pinank Shah

    Executive Director

    • Tenure: 2.2yrs
  • Shyam Bansal (64yo)

    Independent Director

    • Tenure: 2.2yrs
    • Compensation: ₹600.00k
  • Praveen Tripathi (66yo)

    Independent Director

    • Tenure: 0.08yrs
  • Rekha Warriar

    Independent Director

    • Tenure: 0.2yrs

Company Information

Indiabulls Ventures Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Indiabulls Ventures Limited
  • Ticker: IBVENTUREPP
  • Exchange: NSEI
  • Founded: 1995
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: ₹57.932b
  • Shares outstanding: 556.77m
  • Website: https://www.indiabullsventures.com

Location

  • Indiabulls Ventures Limited
  • Plot No. 448-451, Indiabulls House
  • Phase - V
  • Gurugram
  • Haryana
  • 122016
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532960BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2008
IBVENTURESNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 2008
INBSCBDL (Bourse de Luxembourg)SPON GDR EACH REPR 1 ORD SHS INR2 'REGS'LUUSDJul 2008
890145BSE (Mumbai Stock Exchange)INR2(PPD60 PPD36 PPD36 UPD108)ININROct 2018
IBVENTUREPPNSEI (National Stock Exchange of India)INR2(PPD60 PPD36 PPD36 UPD108)ININROct 2018

Biography

Indiabulls Ventures Limited provides securities, commodities, and derivatives broking services in India. Its broking services include equity, derivative, commodity, and currency trading, as well as Demat a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:57
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.