Indiabulls Real Estate Limited (532832) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Indiabulls Real Estate Limited ₹71.71, price ₹56.12, upside +27.8%, quality 26 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹39.48 – ₹191.10 · fair‑value band ₹47.33 – ₹89.64 · the ₹56.12 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 Oct 1, 2026.
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Indiabulls Real Estate Limited operates as a real estate company in India.
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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.
Stock analysis
Indiabulls Real Estate Limited (532832) currently trades at ₹56.12, while our model-based Fair Value estimate is ₹71.71, implying the stock looks roughly 21.7% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 88/100, which puts the evidence level at low.
Scenario range: ₹47.33 (bear) to ₹89.64 (bull), the price of ₹56.12 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 26/100 (below-average quality), in the Other sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
Key figures
Market cap ₹30.4B (≈ $315M) · P/E ratio 18.6 · P/S ratio 0.88 · EPS (TTM) ₹3.20 · Net margin 5.9% · Return on assets (EBIT) 0.4% · Operating margin 22.9% · Revenue growth (YoY) −94.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 42% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Other peers we cover trades at −10% fair-value upside, at 28%, 532832 screens cheaper than that median.
Fair Value models
Bear ₹47.33Fair Value ₹71.71Bull ₹89.64
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.6/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−74.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−51.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−39.5%
Revenue growth 9 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−15.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
71.4% (2018) → −214.9% (2023)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2023 is a loss year, no rate is defined from a loss
Compare Indiabulls Real Estate Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Other · 166 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score21 · Bottom 25%
Fair Value upside+27.8% · Above median
Profitability
Return on assets0.0% · Above median
Net margin (TTM)5.9% · Above median
Operating margin (TTM)22.9% · Top 25%
Growth and dividend
Revenue growth−94.3% · Bottom 25%
Balance sheet
Debt / equity0.05× · Above median
Valuation Multiplesvs Other median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Indiabulls Real Estate Limited Fair Value". https://www.fairvalue-calculator.com/stock/532832
Frequently asked questions
Is Indiabulls Real Estate Limited (532832) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹71.71 versus a price of ₹56.12, about +28% upside (undervalued).
What is the fair value of 532832?
Our model-based fair value for Indiabulls Real Estate Limited is ₹71.71 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹56.12.
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 price target for Indiabulls Real Estate Limited (532832)?
Our model-based price target is the fair value of ₹71.71 (as of Oct 1, 2026) from 1 valuation models. Cautious scenario ₹47.33, optimistic scenario ₹89.64. It is a calculation from audited fundamentals, not an analyst target.
What is the Indiabulls Real Estate Limited stock forecast for 2026?
Our models put fair value at ₹71.71, about +28% upside versus a price of ₹56.12 (undervalued). Cautious scenario ₹47.33, optimistic scenario ₹89.64. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Indiabulls Real Estate Limited (532832)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Indiabulls Real Estate Limited it is ₹71.71 per share (as of Oct 1, 2026), against a price of ₹56.12. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Indiabulls Real Estate Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, 532832 trades below its calculated fair value: price ₹56.12, fair value ₹71.71, a gap of about +28% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 532832?
No. The price is what the market pays today (₹56.12); the fair value is what the company's own numbers justify (₹71.71). For Indiabulls Real Estate Limited the two are ₹15.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is Indiabulls Real Estate Limited worth?
The market values Indiabulls Real Estate Limited at about ₹30.4B (market capitalisation, as of Oct 1, 2026). Per share that is ₹56.12; our models calculate a fair value of ₹71.71 per share.
What do the bullish and bearish scenarios say about 532832?
Our models span a range for Indiabulls Real Estate Limited: cautious scenario ₹47.33, base ₹71.71, optimistic ₹89.64 per share (as of Oct 1, 2026, price ₹56.12). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 532832?
Indiabulls Real Estate Limited trades at a price-to-earnings ratio of 18.6 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹71.71 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2016 to 2021), reported earnings: 9.7. Other multiples: P/B 0.8, P/S 1.2, EV/EBITDA 5.5.
How solid is the balance sheet of Indiabulls Real Estate Limited (532832)?
Balance-sheet figures for Indiabulls Real Estate Limited (as of Oct 1, 2026): debt of 0.05 per unit of equity. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is 532832 from its 52-week high?
Indiabulls Real Estate Limited trades at ₹56.12, about 43% below its 52-week high of ₹97.71 and 42% above the low of ₹39.48 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹71.71 is for.
Which stocks are comparable to Indiabulls Real Estate Limited?
From the same area (Other) we also value 542772, 590024, KSB Pumps Limited, 542851, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Indiabulls Real Estate Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹56.12, calculated fair value ₹71.71 (+28%), Quality Score 26/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 532832 calculated?
We run Indiabulls Real Estate Limited through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹71.71, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Indiabulls Real Estate Limited currently trades 22 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Indiabulls Real Estate Limited (532832)?
The closing price on Oct 1, 2026 was ₹56.12. Our model-based fair value is ₹71.71, about +28% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Indiabulls Real Estate Limited right 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.
Key figures of Indiabulls Real Estate Limited
How large is the market capitalisation of Indiabulls Real Estate Limited (532832)?
The market capitalisation of Indiabulls Real Estate Limited is ₹30.4B (≈ $315M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Indiabulls Real Estate Limited (532832)?
The price-to-sales ratio of Indiabulls Real Estate Limited is 0.88 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Indiabulls Real Estate Limited (532832)?
Earnings per share at Indiabulls Real Estate Limited are ₹3.20 (price ÷ EPS = P/E 18.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Indiabulls Real Estate Limited (532832)?
The net margin of Indiabulls Real Estate Limited is 5.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Indiabulls Real Estate Limited (532832)?
On an EBIT basis the return on assets of Indiabulls Real Estate Limited is 0.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Indiabulls Real Estate Limited (532832)?
The operating margin of Indiabulls Real Estate Limited is 22.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Indiabulls Real Estate Limited (532832)?
Revenue at Indiabulls Real Estate Limited is growing −94.3% versus a year earlier (3y avg −51.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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