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Indiabulls Housing Finance Limited (535789) Fair Value & Analysis

Financials · IN · Market cap ₹86.3B (≈ $915M) · ISIN INE148I01020

What is Indiabulls Housing Finance Limited really worth?

IH Indiabulls Housing Finance Limited 535789 · BSE
Price₹158.45
Fair Value₹188.06
Upside+18.7%
Quality25/100

Below-average quality, trading 16% below our fair value of ₹188.06.

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Risks

!Weak Growth (revenue 5y −10.3 %/yr)
!Thin margins · 0.0% net margin
!High debt · negative free cash flow
!Trails peers (1/7)
!Evidence only low, so the estimate is less certain
Evidence: Low Range ₹140.34 – ₹280.69

Fair value as of: Aug 21, 2026

From 3 valuation models · updated 15 days ago

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A fairly wide model range (₹140.34 to ₹280.69) 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.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

₹270.13 ₹80.45 Fair Value ₹188.06 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ₹80.45 – ₹270.13 · fair‑value band ₹140.34 – ₹280.69 · the ₹158.45 price screens below the ₹188.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

Indiabulls Housing Finance Limited (535789) currently trades at ₹158.45, while our model-based Fair Value estimate is ₹188.06, implying the stock looks roughly 15.7% undervalued today. The Quality Score stands at 25/100 (below-average quality), in the Financials sector. How firm this estimate is: it rests on 8 models at a data quality of 95/100, which puts the evidence level at low.

Net debt stands at ₹389B. Fundamentals as of Aug 21, 2026

Our scenario range runs from ₹140.34 (bear case) to ₹280.69 (bull case); at ₹158.45, 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 18% below its 52-week high and 39% above its 52-week low. For context, the median of 10 Financials peers we cover trades at 100% fair-value upside, at 19%, 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, family-balanced 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. Every input is real reported data, nothing guessed.

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 best evidence ₹0.0500 ₹0.0600 ₹0.0600 69
DDM Multi-Stage ₹0.0500 ₹0.0700 ₹0.0800 67
NCAV (Graham) ₹174.28 ₹233.53 ₹348.55 54
All 3 models by family
Dividend Discount
Gordon GGM best evidence ₹0.0500 ₹0.0600 ₹0.0600 69
DDM Multi-Stage ₹0.0500 ₹0.0700 ₹0.0800 67
Asset-Based
NCAV (Graham) ₹174.28 ₹233.53 ₹348.55 54

Widest divergence: Asset-Based (₹233.53) versus Dividend Discount (₹0.0600). Highest evidence: Gordon GGM (69).

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Key figures & financial health

Net margin −124% FY2025
Return on equity 648% TTM
Return on assets (EBIT) 7.2% avg 5y
Free cash flow −₹75.2B FY2025
Net debt ₹389B FY2025

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 25/100

Of which business quality 20 · Market factors (momentum, volatility) 52

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 41
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 54
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

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. revenue 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. revenue 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. revenue 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%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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 · 3318 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 +19% · 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

Strength profile in five axes (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
VALUE58 · sector 26
FUTURE0 · sector 41
PAST0 · sector 38
HEALTH0 · sector 87
DIVIDEND0 · sector 56

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

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Frequently asked questions

Is Indiabulls Housing Finance Limited (535789) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ₹188.06 versus a price of ₹158.45, about +19% upside (undervalued).
What is the fair value of 535789?
Our model-based fair value for Indiabulls Housing Finance Limited is ₹188.06 (as of Aug 21, 2026), built from audited fundamentals. The current price: ₹158.45.
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.
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