Recent Price Movement and Market Context
On 20 Feb 2026, Indiabulls Limited’s share price fell by 1.68%, underperforming its sector by 1.67%. This decline extends a two-day losing streak during which the stock has shed approximately 3.01% in value. The current price of Rs.9.28 stands well below its 52-week high of Rs.20.91, representing a depreciation of over 55% from that peak.
The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum. This contrasts with the broader market, where the Sensex recovered sharply after an initial negative opening, closing at 82,851.91, up 0.43% on the day and just 3.99% shy of its own 52-week high of 86,159.02.
Long-Term Performance and Relative Comparison
Over the past year, Indiabulls Limited’s stock has delivered a negative return of 31.37%, significantly lagging behind the Sensex’s positive 9.43% gain over the same period. The stock has also underperformed the BSE500 index across multiple time frames, including the last three years, one year, and three months, highlighting persistent challenges in maintaining competitive performance within the market.
Financial Metrics and Valuation Concerns
Indiabulls Limited’s financial profile reveals several areas of concern. The company reported a return on equity (ROE) of -1.9%, indicating a lack of profitability relative to shareholder equity. Despite this, the stock trades at a price-to-book value of 0.8, which is considered expensive relative to its peers’ historical valuations. This premium valuation is notable given the company’s weak long-term fundamental strength and operating losses.
The company’s debt servicing capacity is also under pressure, with a high Debt to EBITDA ratio of 14.16 times. This elevated leverage ratio suggests challenges in managing financial obligations efficiently, which may contribute to investor caution.
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Profitability and Sales Trends
Despite the stock’s price decline, Indiabulls Limited has reported some positive financial results in recent quarters. The company declared a net profit growth of 4.06% in December 2025, marking two consecutive quarters of positive earnings. For the nine months ended, net sales stood at Rs.424.85 crores, while profit after tax (PAT) reached Rs.80.48 crores, both reflecting an upward trend.
Additionally, the company’s debtors turnover ratio for the half-year period was recorded at 11.21 times, the highest in its recent history, indicating improved efficiency in collecting receivables.
Institutional Investor Activity
Institutional investors have increased their stake in Indiabulls Limited by 2.12% over the previous quarter, now collectively holding 18% of the company’s shares. This increased participation by institutional players suggests a level of confidence in the company’s fundamentals, given their typically rigorous analysis and resource capabilities.
Mojo Score and Market Ratings
Indiabulls Limited currently holds a Mojo Score of 27.0, with a Mojo Grade of Strong Sell as of 3 Feb 2026, an upgrade from a previous Sell rating. The company’s market capitalisation grade stands at 4, reflecting its micro-cap status within the Diversified Commercial Services sector. These ratings underscore the cautious stance adopted by market analysts based on the company’s financial and market performance metrics.
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Sector and Market Environment
Indiabulls Limited operates within the Diversified Commercial Services sector, which has seen mixed performance relative to broader market indices. While the Sensex has shown resilience and is approaching its 52-week high, Indiabulls’ stock has not mirrored this trend, reflecting company-specific factors influencing its valuation and price trajectory.
The divergence between the stock’s performance and the broader market highlights the importance of sector-specific dynamics and company fundamentals in shaping investor outcomes.
Summary of Key Financial Indicators
To summarise, Indiabulls Limited’s key financial indicators as of early 2026 include:
- 52-week low price: Rs.9.28
- 52-week high price: Rs.20.91
- One-year stock return: -31.37%
- Return on Equity (ROE): -1.9%
- Price to Book Value: 0.8
- Debt to EBITDA ratio: 14.16 times
- Net sales (9 months): Rs.424.85 crores
- Profit after tax (9 months): Rs.80.48 crores
- Debtors turnover ratio (half-year): 11.21 times
- Institutional ownership: 18%
These figures illustrate a complex picture of a company facing valuation pressures and financial constraints, yet demonstrating pockets of operational improvement and institutional interest.
Conclusion
Indiabulls Limited’s stock reaching a 52-week low of Rs.9.28 reflects a continuation of a downward trend influenced by valuation concerns, leverage levels, and relative underperformance against market benchmarks. While recent financial results show some positive developments in profitability and sales, the stock remains below all major moving averages and carries a Strong Sell rating based on its Mojo Score. Institutional investors’ increased stake indicates some confidence in the company’s fundamentals, but the overall market environment and sector dynamics continue to weigh on the stock’s price performance.
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