This is a numbers-first look at Indiabulls Ventures (DHANI), covering income trends, margins, valuation, and shareholding.
Indiabulls Ventures Revenue Trend
For FY2025, Indiabulls Ventures recorded revenue of ₹266 Cr. That's 13.6% higher than the ₹234 Cr it brought in during FY2024.
Looking at the 10-year picture, revenue has slipped from ₹335 Cr to ₹266 Cr — a 2.3% annual decline. Not a collapse, but not encouraging either.
With a top line of ₹266 Cr, Indiabulls Ventures operates at a smaller scale within the finance sector.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹266 Cr | +13.6% |
| FY2024 | ₹234 Cr | -13.5% |
| FY2023 | ₹271 Cr | -57.9% |
| FY2022 | ₹644 Cr | -50.9% |
| FY2021 | ₹1,311 Cr | — |
View Indiabulls Ventures's full 10-year revenue trend with CAGR analysis →
Indiabulls Ventures Profitability
At ₹-0.95 per share (diluted), FY2025 earnings were up year-over-year from ₹-6.49.
Is Indiabulls Ventures Undervalued
The P/E Ratio valuation pegs Indiabulls Ventures's fair value at ****, which is % from the current price.
Indiabulls Ventures shares are currently trading at ₹51.06.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | N/A | N/A |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Indiabulls Ventures with detailed assumptions →
Indiabulls Ventures Shareholding Pattern
At 33.9%, the promoter stake is up from 29.1% — a sign of insider confidence.
As of September 2025, FIIs own 18.7% of the company — down from 21.0% a year earlier.
DII holding has been steady at 1.5% — no change from the year-ago quarter.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Sep 2025 | 33.9% | 18.7% | 1.5% | 41.4% |
| Jun 2025 | 29.1% | 20.8% | 1.9% | 43.4% |
| Mar 2025 | 29.1% | 22.1% | 1.8% | 42.2% |
| Dec 2024 | 29.1% | 21.0% | 1.5% | 43.5% |
Track quarterly shareholding changes for Indiabulls Ventures →
Indiabulls Ventures Balance Sheet
Proportional view as of 27 Oct 2025. Hover blocks for details.
Assets
Liabilities & Equity
FY2025 total assets: ₹37.32B (down 17.5% YoY from ₹45.23B).
Top categories: Other Assets (76.3%), Cash & ST Investments (19.7%), Intangibles & Goodwill (2.2%).
Of the ₹37.32B in liabilities and equity, 77.1% is shareholder equity, 13.6% is interest-bearing debt, and 9.3% is operating liabilities. Over the year, debt is down 27.2% and equity is down 16.9%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 7.37B |
| Receivables | 496.58M |
| Property, Plant & Equipment | 159.82M |
| Intangibles & Goodwill | 837.43M |
| Other Assets | 28.45B |
| Category | Value |
|---|---|
| Equity | 28.77B |
| Short-term Debt | 5.07B |
| Trade Payables | 67.36M |
| Other Liabilities | 3.41B |
Indiabulls Ventures Key Highlights
Pulling it all together, here's what the numbers say about Indiabulls Ventures (DHANI) heading into the next fiscal year.
Revenue of ₹266 Cr in FY2025, up 13.6% year-over-year.
Long-term revenue has been contracting at 2.3% annually over 10 years.
The company reported a net loss of ₹67.6 Cr in FY2025.
Unlock Full Analysis
Craytheon's full analysis of Indiabulls Ventures goes deeper: three valuation models, growth metrics, and 10 years of financial data.