NSEI:IBREALEST

Stock Analysis Report

Indiabulls Real Estate

Executive Summary

Indiabulls Real Estate Limited operates as a real estate company in India.

Rewards

PE ratio (5.2x) is below the Indian market (12.8x)

Earnings are forecast to grow 10.74% per year

Risk Analysis

Interest payments are not well covered by earnings

Highly volatile share price over past 3 months

Profit margins (9.8%) are lower than last year (30.1%)



Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: IBREALEST's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.5%

IBREALEST

-2.7%

IN Real Estate

-2.5%

IN Market


1 Year Return

-28.0%

IBREALEST

16.6%

IN Real Estate

5.0%

IN Market

Return vs Industry: IBREALEST underperformed the Indian Real Estate industry which returned 16.6% over the past year.

Return vs Market: IBREALEST underperformed the Indian Market which returned 5% over the past year.


Shareholder returns

IBREALESTIndustryMarket
7 Day-10.5%-2.7%-2.5%
30 Day-25.5%-1.0%-1.3%
90 Day-13.3%4.5%5.7%
1 Year-28.0%-28.0%17.4%16.6%7.0%5.0%
3 Year-19.8%-19.8%63.8%60.7%30.3%23.4%
5 Year-16.3%-16.3%48.5%42.9%42.1%29.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

5.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate IBREALEST's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate IBREALEST's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: IBREALEST is good value based on its PE Ratio (5.2x) compared to the Real Estate industry average (12.2x).

PE vs Market: IBREALEST is good value based on its PE Ratio (5.2x) compared to the Indian market (12.8x).


Price to Earnings Growth Ratio

PEG Ratio: IBREALEST is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: IBREALEST is overvalued based on its PB Ratio (0.8x) compared to the IN Real Estate industry average (0.7x).


Next Steps

Future Growth

How is Indiabulls Real Estate forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

10.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IBREALEST's forecast earnings growth (10.7% per year) is above the savings rate (6.5%).

Earnings vs Market: IBREALEST's earnings (10.7% per year) are forecast to grow slower than the Indian market (19.8% per year).

High Growth Earnings: IBREALEST's earnings are forecast to grow, but not significantly.

Revenue vs Market: IBREALEST's revenue is expected to decline over the next 3 years (-9.8% per year).

High Growth Revenue: IBREALEST's revenue is forecast to decline over the next 3 years (-9.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IBREALEST's Return on Equity is forecast to be low in 3 years time (12.1%).


Next Steps

  • Explore growth companies in the Real Estate industry.

Past Performance

How has Indiabulls Real Estate performed over the past 5 years?

35.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IBREALEST has high quality earnings.

Growing Profit Margin: IBREALEST's current net profit margins (9.8%) are lower than last year (30.1%).


Past Earnings Growth Analysis

Earnings Trend: IBREALEST's earnings have grown significantly by 35% per year over the past 5 years.

Accelerating Growth: IBREALEST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IBREALEST had negative earnings growth (-75.7%) over the past year, making it difficult to compare to the Real Estate industry average (-7%).


Return on Equity

High ROE: IBREALEST's Return on Equity (12.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Indiabulls Real Estate's financial position?


Financial Position Analysis

Short Term Liabilities: IBREALEST's short term assets (₹131.7B) exceed its short term liabilities (₹86.1B).

Long Term Liabilities: IBREALEST's short term assets (₹131.7B) exceed its long term liabilities (₹17.4B).


Debt to Equity History and Analysis

Debt Level: IBREALEST's debt to equity ratio (43.9%) is considered high.

Reducing Debt: IBREALEST's debt to equity ratio has reduced from 73.3% to 43.9% over the past 5 years.

Debt Coverage: IBREALEST's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: IBREALEST's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet

Inventory Level: IBREALEST has a high level of physical assets or inventory.

Debt Coverage by Assets: IBREALEST's debt is covered by short term assets (assets are 7.5x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.5%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate IBREALEST's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate IBREALEST's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IBREALEST's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IBREALEST's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: IBREALEST is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IBREALEST's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Vishal Damani (43yo)

4.3yrs

Tenure

₹8,536,189

Compensation

Vishal Gaurishankar Damani is Joint Managing Director of Indiabulls Real Estate Limited (“Indiabulls”or “company”) since August 2015. During his long association with Indiabulls, he has lead various functi ...


CEO Compensation Analysis

Compensation vs Market: Vishal's total compensation ($USD120.50K) is below average for companies of similar size in the Indian market ($USD402.35K).

Compensation vs Earnings: Insufficient data to compare Vishal's compensation with company performance.


Management Age and Tenure

4.3yrs

Average Tenure

47yo

Average Age

Experienced Management: IBREALEST's management team is considered experienced (4.3 years average tenure).


Board Age and Tenure

4.8yrs

Average Tenure

62yo

Average Age

Experienced Board: IBREALEST's board of directors are considered experienced (4.8 years average tenure).


Insider Trading

Insider Buying: IBREALEST insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell₹2,922,39804 Dec 19
Anil Mittal
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares40,000
Max Price₹73.06
Sell₹1,413,00004 Dec 19
Vikas Khandelwal
EntityIndividual
Shares20,000
Max Price₹70.65
Sell₹1,191,99926 Nov 19
Mayank Singhal
EntityIndividual
Shares17,000
Max Price₹70.12
Sell₹1,242,50026 Nov 19
Amit Gidwani
EntityIndividual
Shares17,500
Max Price₹71.00
Sell₹2,219,49926 Nov 19
Rajiv Malhan
EntityIndividual
Role
Head of Sales
Senior Vice President of Sales & Marketing
Shares30,000
Max Price₹73.98
Sell₹4,652,45030 Sep 19
Manish Wakade
EntityIndividual
Shares80,000
Max Price₹58.16
Sell₹1,316,26418 Sep 19
Ashok Bishnoi
EntityIndividual
Shares20,000
Max Price₹65.81
Sell₹4,320,24804 Jul 19
Amit Gidwani
EntityIndividual
Shares37,500
Max Price₹115.21
Sell₹120,87904 Jul 19
Narender Diwan
EntityIndividual
Shares1,000
Max Price₹120.88
Sell₹3,751,24504 Jul 19
Kubeir Khera
EntityIndividual
Role
Head of Marketing
Chief Marketing Officer
Shares25,000
Max Price₹150.05
Sell₹121,00004 Jul 19
Richa Kumar
EntityIndividual
Shares1,000
Max Price₹121.00
Sell₹1,359,83904 Jul 19
Sargam Kataria
EntityIndividual
Shares10,982
Max Price₹123.82
Sell₹992,75004 Jul 19
Sukhiya Kulkarni
EntityIndividual
Shares8,000
Max Price₹124.09
Sell₹1,056,16004 Jul 19
Vinod Sharma
EntityIndividual
Shares9,200
Max Price₹114.80
Sell₹7,012,05902 Jul 19
Manish Wakade
EntityIndividual
Shares60,600
Max Price₹115.71
Sell₹1,200,00002 Jul 19
Pritam Bhanushali
EntityIndividual
Shares10,000
Max Price₹120.00
Sell₹2,923,49902 Jul 19
Gurbans Singh
EntityIndividual
Role
Member of the Board of Directors
Joint MD & Director
Shares25,000
Max Price₹116.94
Sell₹265,251,20329 Jun 19
Kritikka Infrastructure Private Limited
EntityCompany
Shares2,200,000
Max Price₹120.57
Sell₹122,996,93229 Jun 19
Powerscreen Media Private Limited
EntityCompany
Shares1,074,812
Max Price₹114.44
Sell₹652,149,10629 Jun 19
SG Devbuild Private Limited
EntityCompany
Shares5,600,000
Max Price₹116.46
Sell₹1,150,00026 Jun 19
Pritam Bhanushali
EntityIndividual
Shares10,000
Max Price₹115.00
Sell₹2,884,87026 Jun 19
Gurbans Singh
EntityIndividual
Role
Member of the Board of Directors
Joint MD & Director
Shares25,000
Max Price₹115.39
Sell₹3,474,19920 Jun 19
Krishna Bhatnagar
EntityIndividual
Shares30,500
Max Price₹113.91
Sell₹2,392,09914 Jun 19
Chandra Batwara
EntityIndividual
Shares21,000
Max Price₹113.91
Sell₹199,989,89214 Jun 19
Kritikka Infrastructure Private Limited
EntityCompany
Shares1,578,500
Max Price₹126.70
Sell₹1,086,75014 Jun 19
Ashok Bishnoi
EntityIndividual
Shares9,000
Max Price₹120.75
Sell₹4,969,18014 Jun 19
Rajkumar Umrani
EntityIndividual
Shares40,000
Max Price₹124.23
Sell₹1,314,82514 Jun 19
Narender Diwan
EntityIndividual
Shares11,000
Max Price₹119.53
Sell₹241,597,51808 Jun 19
Powerscreen Media Private Limited
EntityCompany
Shares1,600,000
Max Price₹151.00
Sell₹800,291,77908 Jun 19
Dahlia Infrastructure Private Limited
EntityCompany
Shares5,300,000
Max Price₹151.00
Sell₹905,990,69308 Jun 19
SG Devbuild Private Limited
EntityCompany
Shares6,000,000
Max Price₹151.00
Sell₹1,331,738,24708 Jun 19
Kritikka Infrastructure Private Limited
EntityCompany
Shares9,300,000
Max Price₹143.20
Sell₹992,16807 Jun 19
Narender Diwan
EntityIndividual
Shares8,000
Max Price₹124.02
Sell₹312,50007 Jun 19
Amit Gidwani
EntityIndividual
Shares2,500
Max Price₹125.00
Sell₹351,96007 Jun 19
Krishna Bhatnagar
EntityIndividual
Shares3,000
Max Price₹117.32

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Ravi Telkar (46yo)

    Compliance Officer & Company Secretary

    • Tenure: 4yrs
    • Compensation: ₹7.53m
  • Narendra Gehlaut (46yo)

    Executive Vice Chairman

    • Tenure: 5.9yrs
  • Anil Mittal (48yo)

    Chief Financial Officer

    • Tenure: 0yrs
  • Niraj Tyagi (52yo)

    General Manager of Legal

    • Tenure: 0yrs
  • Rajiv Malhan (43yo)

    Senior Vice President of Sales & Marketing

    • Tenure: 0yrs
  • Vishal Damani (43yo)

    Joint MD & Director

    • Tenure: 4.3yrs
    • Compensation: ₹8.54m
  • Krupesh Anklesaria (52yo)

    Senior Vice President of Operations

    • Tenure: 0yrs
  • Gurbans Singh (58yo)

    Joint MD & Director

    • Tenure: 5.3yrs
    • Compensation: ₹12.01m
  • Kubeir Khera

    Chief Marketing Officer

    • Tenure: 0yrs
  • Vinayak Vishwanath

    Vice President

    • Tenure: 0yrs

Board Members

  • Sameer Gehlaut (44yo)

    Founder & Chairman

    • Tenure: 13.2yrs
  • Narendra Gehlaut (46yo)

    Executive Vice Chairman

    • Tenure: 5.9yrs
  • Shamsher Ahlawat (70yo)

    Independent Director

    • Tenure: 13.6yrs
    • Compensation: ₹500.00k
  • Vishal Damani (43yo)

    Joint MD & Director

    • Tenure: 4.3yrs
    • Compensation: ₹8.54m
  • Gurbans Singh (58yo)

    Joint MD & Director

    • Tenure: 5.3yrs
    • Compensation: ₹12.01m
  • Gyan Misra (70yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: ₹600.00k
  • Gurinder Singh (70yo)

    Independent Director

    • Tenure: 0.8yrs
  • Praveen Tripathi (66yo)

    Independent Director

    • Tenure: 0.8yrs

Company Information

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


Key Information

  • Name: Indiabulls Real Estate Limited
  • Ticker: IBREALEST
  • Exchange: NSEI
  • Founded: 2006
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: ₹25.961b
  • Shares outstanding: 454.66m
  • Website: https://www.indiabullsrealestate.com

Location

  • Indiabulls Real Estate Limited
  • Indiabulls House
  • Plot No. 448-451
  • Gurugram
  • Haryana
  • 122001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532832BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2007
IBREALESTNSEI (National Stock Exchange of India)YesEquity SharesININRMar 2007
INBRSBDL (Bourse de Luxembourg)SPON GDR REG SLUUSDJul 2007
INBR1BDL (Bourse de Luxembourg)SPON GDR 144ALUUSDJul 2007

Biography

Indiabulls Real Estate Limited operates as a real estate company in India. The company is involved in the purchase, sale, construction, and development of real estate projects, as well as other related act ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/11 12:52
End of Day Share Price2019/12/11 00:00
Earnings2019/09/30
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.