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Indiabulls Housing Finance Limited (535789) Fair Value & Analysis

Financials · IN · Market cap ₹86.3B

IH Indiabulls Housing Finance Limited 535789 · BSE
Price₹153.65
Fair Value₹201.14
Upside+30.9%
Quality25/100
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Weak Growth
Thin margins · 0.0% net margin
High debt · negative free cash flow
Trails peers (1/7)
Evidence: Medium Range ₹150.10 – ₹300.20 Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 6 days ago

Below-average quality, screening 31% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (25/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range (₹150.10 to ₹300.20) leaves room in how you read the outcome.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹270.13 ₹80.45 Fair Value ₹201.14 Mar 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 ₹80.45 – ₹270.13 · fair‑value band ₹150.10 – ₹300.20 · the ₹153.65 price screens below the ₹201.14 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 Housing Finance Limited (535789) currently trades at ₹153.65, while our model-based Fair Value estimate is ₹201.14, implying the stock looks roughly 30.9% undervalued today. The Quality Score stands at 25/100 (below-average quality), in the Financials 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: medium), always confirm before acting.

Net debt stands at ₹389B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹150.10 (bear case) to ₹300.20 (bull case); at ₹153.65, 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 20% below its 52-week high and 34% above its 52-week low. For context, the median of 10 Financials peers we cover trades at 100% fair-value upside, at 31%, 535789 screens richer 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
Gordon GGM ₹0.0500 ₹0.0600 ₹0.0600 70
DDM Multi-Stage ₹0.0500 ₹0.0600 ₹0.0800 61
NCAV (Graham) ₹169.00 ₹226.45 ₹337.99 50
All 3 models by family
Dividend Discount
Gordon GGM ₹0.0500 ₹0.0600 ₹0.0600 70
DDM Multi-Stage ₹0.0500 ₹0.0600 ₹0.0800 61
Asset-Based
NCAV (Graham) ₹169.00 ₹226.45 ₹337.99 50

Widest divergence: Asset-Based (₹226.45) versus Dividend Discount (₹0.0600). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Return on equity 648%
Free cash flow −₹75.2B FY2025
Net debt ₹389B FY2025

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

Quality Score breakdown

Overall quality 25/100

Of which business quality 20 · Market factors (momentum, volatility) 48

Profitability 3
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 19
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 0
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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Indiabulls Housing Finance Limited reported revenue of ₹57.8B in FY2025 versus ₹89.8B in FY2021, a compound −10.4%/yr. Reported net income was −₹71.4B in FY2025.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
₹57.8B
Latest YoY
−20.9%
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.
−12.8%
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.
−10.3%
Avg. growth/yr (10Y) 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.
−3.7%
Revenue −10.4%/yr
FY21 ₹89.8B
FY22 ₹87.2B
FY23 ₹67.4B
FY24 ₹73.1B
FY25 ₹57.8B
Net income
FY21 ₹11.8B
FY22 ₹11.3B
FY23 ₹12.1B
FY24 −₹18.1B
FY25 −₹71.4B

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Cite: Fair Value Calculator (2026). "Indiabulls Housing Finance Limited Fair Value". https://www.fairvalue-calculator.com/stock/535789

Peer Group

Financials · 3173 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Banking Services” was too small, so the broader sector is used.)

Quality Score 26 · Bottom 25%
Fair Value upside +31% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Debt / equity 2.52× · Higher than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE75 · sector 28
FUTURE0 · sector 40
PAST0 · sector 38
HEALTH0 · sector 87
DIVIDEND0 · sector 55

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 Banking Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Han Kook Capital.Co., Ltd 023760 670.00 KRW 1,340 KRW +100%
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Sangsangin Co 038540 2,145 KRW 4,290 KRW +100%
BPC BPC 0.0850 PLN 0.0100 PLN -88%

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Frequently asked questions

Is Indiabulls Housing Finance Limited (535789) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹201.14 versus a price of ₹153.65, about +31% (undervalued).
What is the fair value of 535789?
Our model-based fair value for Indiabulls Housing Finance Limited is ₹201.14 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹153.65.
What is the quality score of 535789?
Indiabulls Housing Finance Limited has a Quality Score of 25/100. 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 net profit margin of 535789?
The net profit margin of Indiabulls Housing Finance Limited is about 0.0%, meaning it keeps roughly 0.0% 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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