| Market Cap | ₹6,863.68 CrMid Cap |
|---|---|
| PE Ratio | 16.38Sector PE 39.98 |
| Revenue TTM | ₹1,101.21 CrOperating Income |
| 1Yr Return | 65.24%Stock Performance |
| Order from | Reserve Bank of India |
Key highlights
- Reserve Bank of India has granted the Certificate of Registration as a Core Investment Company (CIC)
- The approval follows the company's name change from Yaari Digital Integrated Services Limited
- Management is currently evaluating the future applicability of this certificate based on business requirements
- Indiabulls Limited reported a TTM Net Profit of ₹419.07 crore on revenue of ₹1,101.21 crore
- Institutional investors maintain a significant 17.19% stake in the company as of the latest filing
What Approval Was Received?
Indiabulls Limited has received a formal Certificate of Registration from the Reserve Bank of India (RBI) to act as a Core Investment Company (CIC). This registration is granted under the applicable provisions of the Reserve Bank of India Act. A CIC is a specialized category of Non-Banking Financial Company (NBFC) that primarily holds equity and debt in its group companies.
The company, which was formerly known as Yaari Digital Integrated Services Limited, noted that it is currently evaluating the ongoing applicability of this certificate and may surrender it in the future if it is determined to be non-applicable to its evolving business model.
Why This Approval Matters
The transition to a registered Core Investment Company provides Indiabulls Limited with a clear regulatory framework for managing its investments in subsidiaries. By operating as a CIC, the company can streamline its capital allocation across its digital and financial service verticals while adhering to specific RBI norms. This status is critical for holding companies that possess significant assets in group entities, ensuring they meet the required capital and leverage ratios.
The move further stabilizes the corporate structure, providing clarity to stakeholders regarding the company's primary function as an investment and holding vehicle.
Business Overview
- Operates in the commercial services and supplies sector with a focus on digital platforms.
- Significant institutional backing with Foreign Institutional Investors (FIIs) holding 17.08% of equity.
- Consolidated TTM revenue stands at ₹1,101.21 crore with an operating profit margin of 42.82%.
- The company maintains a healthy Piotroski Score of 6, indicating stable financial strength.
- Promoter holding remains steady at 32.91% with zero pledged shares reported in the latest quarter.
Financial Context
Indiabulls Limited has demonstrated strong financial momentum, with a one-year stock price return of 65.24%. The company's valuation remains distinct within its industry, trading at a TTM P/E of 16.38x compared to the sector average of 39.98x. In the most recent quarter, the firm achieved a massive year-on-year net profit growth of 5,516.29%, reaching ₹142.99 crore.
With a market capitalization of ₹6,863.68 crore and a current price of ₹29.43, the stock is currently trading above its 200-day moving average of ₹19.76, reflecting sustained investor interest following its recent corporate restructuring.
| Share price | ₹29.43 |
|---|---|
| Market capitalisation | ₹6,863.68 Cr |
| Revenue (annual) | ₹833.38 |
| Net profit (annual) | ₹273.87 |
| P/E (TTM) | 16.38×Sector 39.98× |
| Promoter holding | 32.91%+0.02% QoQ |
| FII holding | 17.08%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Indiabulls Limited announcing the receipt of Certificate of Registration from the Reserve Bank of India. Market figures from a third-party data provider.
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