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Indiabulls Housing Finance Key Financial Ratios

NSE:IBULHSGFIN | FINANCE - HOUSING

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Profitability Margins

2-year trend showing gross, operating, and net profit margins

FY 2020 - FY 2021

Indiabulls Housing Finance's net profit margin of 12.0% in FY2021 reflects moderate profitability, with operating margin at 84.8% and gross margin at 100.0%.

Understanding Profitability Margins

In FY 2021, Indiabulls Housing Finance posted a gross margin of 100.0%, an operating margin of 84.8%, a net margin of 12.0%. Gross Margin = (Revenue - COGS) / Revenue; Operating Margin = EBIT / Revenue; Net Margin = Net Income / Revenue. Typical healthy ranges: Gross 20-40%, Operating 10-20%, Net 5-10%+. Consistent or improving margins indicate strong competitive positioning.

Company Performance

2-year trend showing revenue, gross profit, and net profit

FY 2020 - FY 2021

Indiabulls Housing Finance's revenue declined 24.1% to 100.30B in FY2021, with net profit also falling 45.4% to 12.02B.

Understanding Company Performance

In FY 2021, Indiabulls Housing Finance's revenue declined by 24.1% year-over-year. Revenue is total income from operations. Gross Profit is revenue minus cost of goods. Net Profit is the bottom line after all expenses. Consistent growth across all three signals a healthy, expanding business.

Return on Equity (ROE)

2-year trend showing shareholder returns

FY 2020 - FY 2021

Indiabulls Housing Finance's ROE of 7.4% in FY2021 indicates below-average shareholder returns.

Understanding Return on Equity (ROE)

In FY 2021, Indiabulls Housing Finance reported an ROE of 7.4%. ROE = (Net Income / Shareholders' Equity) x 100. Measures how efficiently the company turns equity into profit. Above 15% is generally strong; above 25% is excellent. Very high ROE may signal high leverage — check alongside debt levels.

Net Income vs Free Cash Flow

2-year trend comparing profitability with cash generation

FY 2020 - FY 2021

Indiabulls Housing Finance's FCF/NI ratio of 5.87x in FY2021 indicates high-quality, cash-backed earnings.

Understanding Net Income vs Free Cash Flow

In FY 2021, Indiabulls Housing Finance's free cash flow exceeded net income. Free Cash Flow = Operating Cash Flow - Capital Expenditure. When FCF exceeds net income, it suggests high-quality, cash-backed earnings. Persistent gaps may indicate aggressive accounting or heavy capex needs.

Net Income vs Operating Cash Flow

2-year trend comparing profitability with cash from operations

FY 2020 - FY 2021

Indiabulls Housing Finance's OCF/NI ratio of 5.90x in FY2021 indicates strong cash collection and working capital efficiency.

Understanding Net Income vs Operating Cash Flow

In FY 2021, Indiabulls Housing Finance's operating cash flow exceeded net income. Operating Cash Flow is the actual cash from core operations. OCF exceeding net income signals strong cash collection. OCF trailing net income may indicate aggressive revenue recognition or working capital issues.

Leverage Ratios

Measure a company's financial leverage, liquidity, and ability to meet financial obligations.

Current Ratio Analysis

2-year trend showing short-term liquidity position

FY 2020 - FY 2021

Indiabulls Housing Finance's current ratio of 1.18x in FY2021 indicates adequate but thin liquidity.

Understanding Current Ratio

In FY 2021, Indiabulls Housing Finance reported a current ratio of 1.18. Current Ratio = Current Assets / Current Liabilities. Measures short-term liquidity. A ratio of 1.5-3.0 is generally healthy; below 1.0 signals liquidity risk; above 3.0 may indicate underutilized assets.

Interest Coverage Ratio Analysis

2-year trend showing ability to service debt

FY 2020 - FY 2021

Indiabulls Housing Finance's interest coverage ratio of 1.2x in FY2021 indicates thin debt servicing margin — warrants monitoring.

Understanding Interest Coverage Ratio

In FY 2021, Indiabulls Housing Finance reported an interest coverage ratio of 1.2x. Interest Coverage = EBIT / Interest Expense. Shows how many times operating profit covers interest payments. Above 5x is comfortable; below 1.5x signals potential difficulty servicing debt.

Debt-to-Equity Ratio Analysis

2-year trend showing financial leverage and capital structure

FY 2020 - FY 2021

Indiabulls Housing Finance's debt-to-equity ratio of 3.97x in FY2021 reflects high leverage demanding close monitoring.

Understanding Debt-to-Equity Ratio

In FY 2021, Indiabulls Housing Finance reported a debt-to-equity ratio of 3.97. Debt-to-Equity = Total Debt / Total Equity. Below 1.0 is conservative; 1.0-2.0 is moderate; above 2.0 indicates higher financial risk. Capital-intensive industries naturally carry higher ratios.

Total Debt Analysis

2-year trend showing total debt with year-over-year changes

FY 2020 - FY 2021

Indiabulls Housing Finance's debt increased 51.4% YoY in FY2021 — rising leverage demands close monitoring.

Understanding Total Debt

In FY 2021, Indiabulls Housing Finance's total debt increased by 51.4% year-over-year. Total Debt includes short-term debt, long-term loans, debentures, and capital leases. YoY changes (shown as percentages) reveal whether the company is leveraging up or deleveraging.

Shares Outstanding

Year-over-year change in diluted shares outstanding

Indiabulls Housing Finance's diluted shares increased 1.9% YoY in FY2021 — share dilution.

Over 2 years (FY2020–FY2021), diluted shares increased 1.9% from 425.54M to 433.54M, indicating cumulative dilution.

Understanding Shares Outstanding

In FY 2021, Indiabulls Housing Finance's diluted shares increased by 1.9% year-over-year. Diluted Shares accounts for stock options, warrants, and convertibles. Positive YoY change means dilution (red); negative means buybacks (green). Consistent dilution above 5% annually is a red flag.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: FY 2021