---
title: "Indiabulls Enterprises Ltd(Merged) (IEL_PRYSM) — Share Price, Financials & Analysis"
symbol: "IEL_PRYSM"
company: "Indiabulls Enterprises Ltd(Merged)"
canonical: "https://tapetide.com/stocks/IEL_PRYSM"
isin: "INE059901020"
nse_symbol: "IEL"
bse_code: "543715"
sector: "Services"
industry: "Commercial Services & Supplies"
generated_at: "2026-09-13T20:39:40.434Z"
---

# Indiabulls Enterprises Ltd(Merged) (IEL_PRYSM)

Canonical page: https://tapetide.com/stocks/IEL_PRYSM

## Company

- **NSE Symbol:** IEL
- **BSE Code:** 543715
- **ISIN:** INE059901020
- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Macro Sector:** Services
- **Stock Type:** DELISTED
- **Listed Since:** 2022-12-27
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** indiabullsenterprises.com

## About

Incorporated in 2019, Indiabulls Enterprises 
 Ltd provides Equipment Renting Services, Management and Maintenance Services, Financing and related activities[1]

## Latest Price

- **Price:** ₹18.99
- **Change:** 0 (0%)
- **Open:** ₹21.84
- **Day High:** ₹21.84
- **Day Low:** ₹18.12
- **Previous Close:** ₹18.99
- **Volume:** 0
- **As Of:** 2025-10-27T10:19:32+00:00

## Key Insights

### Strengths

- Stock is trading at 0.78 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Promoter holding is low: 36.3%
- Company has a low return on equity of -1.97% over last 3 years.
- Earnings include an other income of Rs.10.1 Cr.
- Promoter holding has decreased over last 3 years: -24.7%

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 67% | 17% |
| revenue growth | -3% | -19% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 26.08 | 14.02 | 13.95 | 11.92 | 9.94 | 13.52 | 11.8 | 13.28 | 12.11 | 12.06 | 12.21 | 10.68 |
| Expenses | 10.02 | 5.85 | 13.53 | 8.36 | 8.23 | 10.67 | 23.43 | 12.22 | 11.85 | 6.17 | 15.3 | 8.46 |
| Operating Profit | 16.06 | 8.17 | 0.42 | 3.56 | 1.71 | 2.85 | -11.63 | 1.06 | 0.26 | 5.89 | -3.09 | 2.22 |
| OPM % | 61.58 | 58.27 | 3.01 | 29.87 | 17.2 | 21.08 | -98.56 | 7.98 | 2.15 | 48.84 | -25.31 | 20.79 |
| Other Income | -1.97 | -3.83 | -375.47 | -0.19 | 0.26 | 0.23 | -0.01 | 0.21 | 7.18 | 0.02 | 1.72 | 1.21 |
| Interest | 5.49 | 3.79 | 3.55 | 3.73 | 3.9 | 2.41 | 2.59 | 2.65 | 2.66 | 2.58 | 2.66 | 3.1 |
| Depreciation | 4.54 | 4.49 | 4.55 | 4.5 | 4.62 | 4.7 | 4.29 | 3.8 | 3.75 | 3.59 | 3.52 | 3.41 |
| Profit before tax | 4.06 | -3.94 | -383.15 | -4.86 | -6.55 | -4.03 | -18.52 | -5.18 | 1.03 | -0.26 | -7.55 | -3.08 |
| Tax % | 53.69 | 0 | -0.5 | 0 | 0 | 0 | -3.08 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 1.88 | -3.94 | -381.24 | -4.86 | -6.55 | -4.03 | -17.95 | -5.18 | 1.03 | -0.26 | -7.55 | -3.08 |
| EPS in Rs | 0.09 | -0.2 | -19.23 | -0.25 | -0.33 | -0.2 | -0.91 | -0.26 | 0.05 | -0.01 | -0.38 | -0.16 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 94.4 | 74.91 | 47.18 | 49.66 | 47.06 |
| Expenses | 0 | 91.14 | 44.74 | 39.52 | 39.71 | 41.78 |
| Operating Profit | 0 | 3.26 | 30.17 | 7.66 | 9.95 | 5.28 |
| OPM % | — | 3.45 | 40.27 | 16.24 | 20.04 | 11.22 |
| Other Income | 0 | 14.43 | -379.8 | -10.9 | 3.3 | 10.13 |
| Interest | 0 | 12.48 | 15.08 | 12.63 | 10.55 | 11 |
| Depreciation | 0 | 19.05 | 18.39 | 18.09 | 14.66 | 14.27 |
| Profit before tax | 0 | -13.84 | -383.1 | -33.96 | -11.96 | -9.86 |
| Tax % | — | 8.67 | 0.09 | -1.68 | 0 | — |
| Net Profit | 0 | -15.04 | -383.46 | -33.39 | -11.96 | -9.86 |
| EPS in Rs | — | — | -19.34 | -1.68 | -0.6 | -0.5 |
| Dividend Payout % | — | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.1 | 39.67 | 39.67 | 39.67 | 39.67 |
| Reserves | -0.02 | 957.09 | 569.13 | 536.04 | 445.9 |
| Borrowings | 0 | 135.88 | 122.44 | 131.94 | 135.79 |
| Other Liabilities | 0 | 71.62 | 22.48 | 23.24 | 7.85 |
| Total Liabilities | 0.08 | 1204.26 | 753.72 | 730.89 | 629.21 |
| Fixed Assets | 0 | 133.32 | 106.56 | 83.49 | 70.18 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.08 | 393.71 | 514.58 | 514.58 | 514.69 |
| Other Assets | 0 | 677.23 | 132.58 | 132.82 | 44.34 |
| Total Assets | 0.08 | 1204.26 | 753.72 | 730.89 | 629.21 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | -6.81 | 242.92 | 13.46 | 5.25 |
| Cash from Investing Activity | 0.01 | -50.07 | -215.6 | -9.09 | -1.15 |
| Cash from Financing Activity | 0 | 51.49 | -29.07 | -1.2 | -8.84 |
| Net Cash Flow | 0 | -5.39 | -1.75 | 3.17 | -4.74 |
| Free Cash Flow | 0 | -6.42 | 243.08 | 6.4 | -4.99 |
| CFO/OP | — | -35 | 792 | 156 | 54 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 248.39 | 152.31 | 147.07 | 112.68 |
| Cash Conversion Cycle | — | 248.39 | 152.31 | 147.07 | 112.68 |
| Working Capital Days | — | 1790.82 | -74.89 | 739.36 | 216.38 |
| ROCE % | — | 2.49 | 2.24 | -1.28 | 0.51 |

## Shareholding Pattern

### annual

| Category | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- |
| Promoters | 60.98% | 60.98% | 36.32% | 36.32% |
| FIIs | 6.55% | 5.66% | 0.03% | 0.24% |
| Public | 31.59% | 32.47% | 62.77% | 62.56% |
| Others | 0.88% | 0.88% | 0.88% | 0.88% |
| No. of Shareholders | 68270 | 71953 | 74256 | 72389 |

### Quarterly

| Category | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 60.98% | 60.98% | 60.98% | 60.98% | 60.98% | 60.98% | 60.98% | 60.98% | 43.88% | 36.32% | 36.32% | 36.32% |
| FIIs | 6.83% | 6.55% | 6.17% | 5.64% | 5.65% | 5.66% | 5.59% | 0.17% | 17.23% | 0.03% | 0.07% | 0.24% |
| Public | 31.32% | 31.59% | 31.98% | 32.51% | 32.5% | 32.47% | 32.55% | 37.99% | 38.01% | 62.77% | 62.72% | 62.56% |
| Others | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
| No. of Shareholders | 65500 | 68270 | 67092 | 65781 | 68370 | 71953 | 72356 | 73385 | 73994 | 74256 | 73438 | 72389 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 4 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 17.44 | Sell |
| EMA (10) | 17.36 | Sell |
| SMA (20) | 17.7 | Sell |
| EMA (20) | 18.17 | Sell |
| SMA (50) | 21.43 | Sell |
| EMA (50) | 19.95 | Sell |
| SMA (100) | 21.17 | Sell |
| EMA (100) | 20.46 | Sell |
| SMA (200) | 19.8 | Sell |
| EMA (200) | 19.73 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 34.13 | Neutral |
| MACD (12,26,9) | -1.16 | Buy |
| Stochastic (14,3,3) | 0 | Buy |
| ADX (14) | 33.98 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 0.79 | High Volatility |
| ROC (12) | -11.11 | Sell |
| Stoch RSI (14) | 23.18 | Neutral |
| UO (7,14,28) | 31.72 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2025-10-14 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1f7269c-72cc-40fd-bff9-11d64c7905ab.pdf) |
| 2025-10-14 | [Corporate Action-Amalgamation/ Merger / Demerger](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3e8c525a-35fe-4539-a58b-9795592b4e6e.pdf) |
| 2025-10-10 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b3ad0777-bc36-45b0-8ec0-c3171e7106de.pdf) |
| 2025-10-06 | [Compliance Status Of Regulation 6(1) And 7(1) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 As Amended For The Quarter Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=90daca1a-524d-49d5-b324-f4bc1a5bc048.pdf) |
| 2025-09-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=033ddc4a-3d60-430f-9136-121f4c2635f1.pdf) |
| 2025-09-23 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f9d6e1c-81bd-4f9d-8629-97216d03ab88.pdf) |
| 2025-09-23 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc4bc95d-a040-4d0e-a7e0-a5b44a0297c9.pdf) |
| 2025-08-30 | [Pronouncement Of Final Order By The HonBle National Company Law Tribunal Chandigarh Bench Approving The Scheme Of Arrangement.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=84a27fc2-8e51-4c53-a783-4e46f1d7cb48.pdf) |
| 2025-08-30 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0f8feaa5-4851-43ac-b686-3bb99dad372d.pdf) |
| 2025-08-29 | [Notice Convening 7Th Annual General Meeting Of Shareholders Of Indiabulls Enterprises Limited (The Company) Along With Annual Report For The Financial Year 2024-25](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2691804a-3c12-40b1-ad74-a75d3612810b.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Oct 2025 - Confirms compliance with SEBI Reg 6(1) and 7(1) for quarter ended Sep 30, 2025. | [Compliance Status Of Regulation 6(1) And 7(1) Of SEBI (LODR) Regulations, 2015, As Amended, For The Quarter Ended September 30, 2025 6 Oct 2025 - Confirms compliance with SEBI Reg 6(1) and 7(1) for quarter ended Sep 30, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/90daca1a-524d-49d5-b324-f4bc1a5bc048.pdf) |
| 30 Sep 2025 - Trading window closed Oct 1, 2025 until 48 hours after Q2/H1 Sep 30, 2025 results declaration. | [Closure of Trading Window 30 Sep 2025 - Trading window closed Oct 1, 2025 until 48 hours after Q2/H1 Sep 30, 2025 results declaration.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/033ddc4a-3d60-430f-9136-121f4c2635f1.pdf) |
| 14 Oct 2025 - Scheme effective Oct 14, 2025; Record Date Oct 28; 110 Yaari shares per 100 IEL; IEL to delist. | [Corporate Action-Amalgamation/ Merger / Demerger 14 Oct 2025 - Scheme effective Oct 14, 2025; Record Date Oct 28; 110 Yaari shares per 100 IEL; IEL to delist.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e8c525a-35fe-4539-a58b-9795592b4e6e.pdf) |
| 14 Oct 2025 - NCLT-approved scheme effective Oct 14; Record Date Oct 28; 110 Yaari shares per 100 IEL; IEL to delist. | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement 14 Oct 2025 - NCLT-approved scheme effective Oct 14; Record Date Oct 28; 110 Yaari shares per 100 IEL; IEL to delist.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f1f7269c-72cc-40fd-bff9-11d64c7905ab.pdf) |
| 10 Oct 2025 - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended September 30, 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Oct 2025 - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended September 30, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b3ad0777-bc36-45b0-8ec0-c3171e7106de.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5dda35f6-42b9-45e2-8e88-92978c49eb5e.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aa440aa0-7a4d-4685-86c5-0372ceaf712f.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/74d3dafe-ee6a-4437-9f3b-afcd20ff95b1.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:39:40.434Z.