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Synopsis: Madhusudan Kela acquired a 2.22% stake in Indiabulls Ltd during Q4 FY26, investing around Rs. 56 crore, reflecting confidence in the company’s growth potential.

This Small-cap Stock, engaged in real estate development and financial services, including stock broking, digital lending, payments, and asset reconstruction, focusing on long-term value creation, jumped 17.43 percent after Madhusudan Kela made a fresh investment of 2.22 percent stake in Q4 FY26.

With a market capitalization of Rs. 2,898.50 crores, the share of Indiabulls Limited has reached an intraday high of Rs. 12.80 per equity share, rising nearly 17.43 percent from its previous day’s close price of Rs. 10.90. Since then, the stock has retreated and is currently trading at Rs. 12.47 per equity share. 

Reason Behind the Surge

Ace investor Madhusudan Kela made a notable fresh investment in Indiabulls Limited, investing nearly 5.16 crore shares in Q4 FY26, which is a 2.22 percent stake in the company. The total investment value was around Rs. 56.2 crore.

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As per the latest corporate shareholdings filed, ace investor Madhusudan Kela publicly holds 17 stocks with a net worth of over Rs. 2,133 crore. In the shareholding of March 2026, Indiabulls Limited had a majority stake held by the promoters at 32.89 percent, foreign institutional investors at 17.00 percent, domestic institutional investors at 0.16 percent, the public at 46.05 percent, and others at 3.92 percent.

Company Overview

Indiabulls Limited was founded in 2000 and operates across real estate and financial services, focusing on long-term value creation through disciplined capital allocation, transparent governance, and efficient execution. Its real estate business includes residential, commercial, and mixed-use developments, with emphasis on quality, timely delivery, and customer-centric design.

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In financial services, the company is engaged in stock broking, digital lending, payments, wallet infrastructure, and asset reconstruction, all within regulated frameworks. Indiabulls follows a long-term approach, combining operational discipline with prudent expansion to drive sustainable growth and contribute to India’s economic development.

Recent Quarter Results

Coming into financial highlights, Indiabulls Limited’s revenue has decreased from Rs. 106 crore in Q3 FY25 to Rs. 97 crore in Q3 FY26, which is a drop of 8.49 percent. The company’s net profit converted from negative to positive, from a net loss of Rs. 3 crore in Q3 FY25 to a net profit of Rs. 78 crore in Q3 FY26.

In terms of return ratios, the company’s ROCE and ROE stand at 4.42 percent and -1.94 percent, respectively. Indiabulls Limited has an earnings per share (EPS) of Rs. -4.71, and its debt-to-equity ratio is 0.18x.

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  • : Author

    Nikhil is a Financial Analyst with over 1.5 years of experience at Trade Brains and a total of 5 years of experience in the financial markets, holding an MBA in Finance and having cleared CA-CPT and CA-Intermediate. Brings strong expertise in equity research, IPO analysis, and financial statement evaluation, with a track record of authoring more than 1,500 in-depth, research-focused articles.

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