Stock Performance and Market Context
On 4 Feb 2026, Indiabulls Limited’s share price slipped to Rs.10.35, the lowest level recorded in the past year. This decline comes after three consecutive days of losses, during which the stock has depreciated by 2.21%. The day’s performance also saw the stock underperform its sector by 1.56%, reflecting broader pressures within its industry segment.
Technical indicators reveal that Indiabulls is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This persistent weakness in price action underscores the prevailing bearish sentiment surrounding the stock.
In contrast, the broader market has shown resilience. The Sensex, after a negative start with a drop of 487.07 points, rebounded sharply by 524.66 points to close at 83,776.72, a marginal gain of 0.04%. The benchmark index remains within 2.84% of its 52-week high of 86,159.02, supported by strong performances from mega-cap stocks. The Sensex’s 50-day moving average remains above its 200-day moving average, signalling an overall positive market trend despite short-term volatility.
Financial Metrics and Valuation Concerns
Indiabulls Limited’s financial profile continues to raise concerns. The company reported a return on equity (ROE) of -1.9%, indicating negative profitability relative to shareholder equity. Despite this, the stock trades at a price-to-book (P/B) ratio of 0.9, which is considered expensive relative to its peers’ historical valuations.
The company’s debt servicing capacity remains strained, with a high Debt to EBITDA ratio of 14.16 times. This elevated leverage level suggests challenges in managing financial obligations efficiently over the long term. Such a ratio is a critical factor in the company’s current grading, which was downgraded from Sell to Strong Sell on 3 Feb 2026, reflecting deteriorated fundamentals.
Over the past year, Indiabulls has delivered a negative return of 32.05%, significantly underperforming the Sensex’s positive 6.58% gain over the same period. The stock’s 52-week high was Rs.20.91, highlighting the extent of the recent decline.
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Profitability and Recent Results
Despite the stock’s price weakness, Indiabulls Limited has reported some positive financial results in recent quarters. The company declared a net profit growth of 4.06% in the December 2025 quarter, marking two consecutive quarters of positive earnings. Net sales for the latest six-month period stood at Rs.333.23 crores, indicating steady revenue generation.
Operational efficiency metrics such as the Debtors Turnover Ratio have improved, reaching 11.21 times in the half-year period, the highest recorded. Quarterly profit after tax (PAT) also peaked at Rs.79.37 crores, reflecting some operational gains despite the broader challenges.
However, these positive earnings have not translated into share price appreciation, as the stock continues to face downward pressure amid valuation concerns and market sentiment.
Institutional Holding and Market Position
Institutional investors have increased their stake in Indiabulls Limited by 2.12% over the previous quarter, collectively holding 18% of the company’s shares. This increased participation by institutional players suggests a degree of confidence in the company’s fundamentals, given their typically rigorous analysis capabilities.
Nevertheless, the company’s Mojo Score remains low at 27.0, with a Mojo Grade of Strong Sell, reflecting the overall assessment of its financial health and market performance. The Market Cap Grade stands at 4, indicating a relatively modest market capitalisation compared to sector peers.
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Long-Term and Short-Term Performance Trends
Indiabulls Limited’s performance over the medium and long term has been below par relative to broader market indices and sector benchmarks. The stock has underperformed the BSE500 index over the last three years, one year, and the past three months. This trend highlights persistent challenges in regaining investor confidence and market momentum.
While the company’s profits have risen by 204.8% over the past year, this has not been sufficient to offset the negative returns experienced by shareholders. The PEG ratio of 0.8 indicates that the stock’s price growth has not kept pace with earnings growth, contributing to valuation concerns.
Overall, the combination of high leverage, negative ROE, and valuation premium relative to peers has weighed on the stock’s performance, culminating in the recent 52-week low.
Summary of Key Metrics
To summarise, Indiabulls Limited’s key financial and market metrics as of early February 2026 are:
- 52-week low price: Rs.10.35
- 52-week high price: Rs.20.91
- One-year stock return: -32.05%
- Sensex one-year return: +6.58%
- Debt to EBITDA ratio: 14.16 times
- Return on Equity (ROE): -1.9%
- Price to Book (P/B) ratio: 0.9
- Mojo Score: 27.0 (Strong Sell)
- Market Cap Grade: 4
- Institutional holding: 18%, increased by 2.12% over last quarter
These figures collectively illustrate the challenges faced by Indiabulls Limited in the current market environment, despite some pockets of positive financial results.
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