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Indiabulls Real Estate Limited (532832) Fair Value & Analysis

Other · IN · Market cap ₹21.8B

IR Indiabulls Real Estate Limited 532832 · BSE
Price₹63.09
Fair Value₹71.71
Upside+13.7%
Quality26/100
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Weak Growth
Thin margins · 5.9% net margin
Low debt
Mixed vs. peers (7/12)
Moderate moat 58/100
Evidence: Low Range ₹47.33 – ₹89.64 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 5 days ago

Below-average quality, screening 14% undervalued on our models.

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What matters now

  • A fairly wide model range (₹47.33 to ₹89.64) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

₹191.10 ₹39.48 Fair Value ₹71.71 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹39.48 – ₹191.10 · fair‑value band ₹47.33 – ₹89.64 · the ₹63.09 price screens below the ₹71.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Indiabulls Real Estate Limited (532832) currently trades at ₹63.09, while our model-based Fair Value estimate is ₹71.71, implying the stock looks roughly 13.7% undervalued today. The Quality Score stands at 26/100 (below-average quality), in the Other sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Indiabulls Real Estate Limited generated revenue of ₹24.8B at a net margin of 5.9%. The stock trades on a trailing P/E of 18.6 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹47.33 (bear case) to ₹89.64 (bull case); at ₹63.09, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 48% below its 52-week high and 60% above its 52-week low. For context, the median of 10 Other peers we cover trades at -24% fair-value upside, at 14%, 532832 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) ₹40.20 ₹53.87 ₹80.40 50
All 1 models by family
Asset-Based
NCAV (Graham) ₹40.20 ₹53.87 ₹80.40 50

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Key figures & financial health

Revenue (TTM) ₹24.8B
Revenue growth (YoY) -94.3%
Net margin 5.9%
P/E ratio 18.6 as of Jul 4, 2026
Operating margin 22.9%
EPS (TTM) ₹3.20

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 26/100

Of which business quality 21 · Market factors (momentum, volatility) 30

Profitability 0
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 25
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 10
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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 activities; and provision of consultancy and advisory services to companies engaged in the construction development of real estate and infrastructure …

Full company description

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 activities; and provision of consultancy and advisory services to companies engaged in the construction development of real estate and infrastructure projects. Its project portfolio includes residential and commercial, as well as SEZ projects. Indiabulls Real Estate Limited was incorporated in 2006 and is headquartered in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

Indiabulls Real Estate Limited reported revenue of ₹3.6B in FY2023 versus ₹49.4B in FY2019, a compound −47.9%/yr. Reported net income was −₹6.1B in FY2023.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2023)
₹3.6B
Latest YoY
−74.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−51.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−39.5%
Avg. growth/yr (9Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−15.9%
Revenue −47.9%/yr
FY19 ₹49.4B
FY20 ₹32.7B
FY21 ₹15.2B
FY22 ₹14.4B
FY23 ₹3.6B
Net income
FY19 ₹5.0B
FY20 ₹1.2B
FY21 ₹43.0M
FY22 −₹1.4B
FY23 −₹6.1B

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Cite: Fair Value Calculator (2026). "Indiabulls Real Estate Limited Fair Value". https://www.fairvalue-calculator.com/stock/532832

Peer Group

Other · 373 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 21 · Bottom 25%
Fair Value upside +14% · Above median
Return on assets 0% · Top 25%
Net margin (TTM) 6% · Top 25%
Operating margin (TTM) 23% · Top 25%
Revenue growth -94% · Bottom 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Other median · lower = cheaper

P/E (TTM) 18.6× · Pricier than median
P/B 0.60× · Pricier than median
P/S (TTM) 0.88× · Pricier than median
EV/EBITDA 4.0× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 52 · sector 9
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 98 · sector 97
DIVIDEND 0 · sector 31

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Other stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Nestl?? India Limited 500790 ₹1,497 ₹191.93 -87%
ITC Limited 500875 ₹279.50 ₹212.74 -24%
Wipro Limited 507685 ₹183.80 ₹193.38 +5%
540376 540376 ₹4,054 ₹1,542 -62%
540777 540777 ₹537.50 ₹149.72 -72%
Lupin Limited 500257 ₹2,265 ₹1,983 -12%
Dabur India Limited 500096 ₹413.80 ₹122.93 -70%
540719 540719 ₹1,835 ₹872.41 -52%

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Frequently asked questions

Is Indiabulls Real Estate Limited (532832) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹71.71 versus a price of ₹63.09, about +14% (undervalued).
What is the fair value of 532832?
Our model-based fair value for Indiabulls Real Estate Limited is ₹71.71 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹63.09.
What is the quality score of 532832?
Indiabulls Real Estate Limited has a Quality Score of 26/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Indiabulls Real Estate Limited (532832)?
Indiabulls Real Estate Limited reported trailing-twelve-month revenue of about ₹24.8B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 532832?
The net profit margin of Indiabulls Real Estate Limited is about 5.9%, meaning it keeps roughly 5.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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