If you’ve been searching for the “Indiabulls Real Estate share price,” there’s an important update you should know first: the company no longer trades under that name. Understanding this change is essential before diving into any price analysis, since searching under the old name can lead to outdated or confusing data.
The Name Change: From Indiabulls Real Estate to Embassy Developments
As part of a strategic rebranding initiative in early FY 2025, aimed at distinguishing its identity from the Indiabulls Group and the previous management, the company changed its name from “Indiabulls Real Estate Limited” to “Equinox India Developments Limited,” following the issuance of a fresh Certificate of Incorporation with effect from June 20, 2024. Subsequently, the company’s equity shares began trading on the stock exchanges under the new symbol “EMBDL,” effective July 8, 2024, replacing the earlier symbol.
The transformation didn’t stop there. The company was renamed once again, this time to Embassy Developments Limited, in February 2025. The company is now headquartered in Bengaluru and is part of the Embassy Group, a major name in Indian real estate.
So, when investors today ask about “Indiabulls Real Estate share price,” what they’re actually looking for is the share price of Embassy Developments Limited, listed on both the NSE (symbol: EMBDL) and BSE (scrip code: 532832).
Current Share Price Snapshot
Stock prices fluctuate constantly during market hours, so any number quoted here reflects a specific point in time rather than a live figure. Based on the most recent available data:
- As of late June 2026, the Embassy Developments Ltd share price stood at approximately ₹61.84, with the company’s market capitalisation at around ₹8,722.10 crore.
- The stock’s 52-week range has spanned a low of ₹39.46 to a high of ₹128, reflecting significant volatility over the past year.
- Over the trailing one-year period, the share price recorded a decline of roughly 20%, and it fell by around 25% based on other recent measurement periods.
Given how much the price has moved within a single year — from below ₹40 to above ₹120 — it’s clear this stock has experienced considerable volatility, which is common among real estate companies undergoing restructuring or strategic transitions.
Note: For the most accurate, real-time price, always check a live source such as the NSE or BSE website, or a trusted brokerage platform, since prices shown in articles or third-party aggregators can lag behind actual market movement.
Company Background and Business Overview
Understanding the business behind the stock helps put price movements into context. Embassy Developments Limited is one of India’s leading real estate developers, specializing in the construction and development of residential, commercial, and Special Economic Zone (SEZ) projects across Indian cities, with a strategic focus on Bengaluru, the Mumbai Metropolitan Region (MMR), and the National Capital Region (NCR).
Headquartered in Bengaluru, the company has delivered over 75 million square feet of premium real estate across major Indian cities and select international markets. Notably, the company also introduced India’s first publicly listed Real Estate Investment Trust — Embassy REIT — and played an instrumental role in bringing WeWork to India, underscoring its long-standing influence in the commercial real estate space.
The company’s project portfolio spans both residential towers and large-scale commercial developments, along with SEZ projects, giving it diversified exposure across different real estate segments and geographies.
Recent Financial Performance
Financial fundamentals often help explain why a stock behaves the way it does. Here’s what recent data shows:
- For the full financial year FY2025–26, the company reported revenue of approximately ₹2,546.97 crore, with profit at around ₹202.93 crore.
- Quarterly results have shown volatility as well — in Q3 FY 2025-26, consolidated revenues declined by around 50.8% quarter-on-quarter and 14.7% year-on-year, though net profit for the quarter increased sequentially.
- The company’s promoter holding stood at 42.6%, and it has faced challenges including a low return on equity of around -8.81% over the last three years, along with a low interest coverage ratio.
These figures reflect a business in the midst of a broader restructuring and integration process following its rebranding and shift under the Embassy Group umbrella. Real estate companies often experience uneven quarterly performance due to project completion timelines, revenue recognition norms, and the cyclical nature of property sales — all of which appear to be factors here.
Key Stock Metrics to Know
For those tracking the stock, a few commonly referenced metrics include:
- Market Capitalisation: Roughly in the ₹8,700–10,000 crore range depending on the specific date referenced, reflecting swings tied to the stock’s price volatility.
- P/E Ratio: The price-to-earnings ratio has been negative in several recent readings, a reflection of the company’s net losses in certain periods — a common situation for real estate firms undergoing heavy capital investment or restructuring.
- P/B Ratio: The price-to-book ratio has varied across different data sources, generally trading below or near 1, which can indicate the stock is valued close to or below its book value depending on the exact date checked.
- 52-Week High/Low: ₹128 (high) and ₹39.46 (low), one of the widest trading ranges seen in the sector recently.
Because these figures are sourced from data providers that update at different times, small variations between platforms are normal. Always cross-check multiple sources before drawing conclusions.
Why the Stock Price Has Been Volatile
A few factors likely contribute to the sharp price swings seen over the past year:
- Corporate Rebranding: Two name changes within less than a year (first to Equinox India Developments, then to Embassy Developments) created uncertainty and required investors to re-evaluate the company’s new identity, strategy, and ownership structure.
- Change in Promoter Group: The shift from the Indiabulls Group’s original management to the Embassy Group represents a significant transition, often accompanied by market skepticism until new leadership demonstrates consistent execution.
- Fluctuating Quarterly Earnings: With revenue and profit numbers swinging significantly from quarter to quarter, investor sentiment has understandably been mixed.
- Sector-Wide Real Estate Trends: Broader real estate market conditions in India, including interest rate movements, construction costs, and property demand cycles, also influence investor perception of realty stocks as a category.
- Large Land Bank and Legal Matters: The company holds a substantial land bank across key metros, and legal or regulatory developments tied to specific land parcels can occasionally impact investor confidence, as has been reported in relation to certain ongoing matters.
What Investors Should Consider
If you’re researching this stock for investment purposes, keep the following points in mind:
- Verify You’re Looking at the Right Entity: Since the company has changed its name twice, make sure any data, news, or historical charts you review are correctly mapped to Embassy Developments Limited (EMBDL) rather than outdated references to “Indiabulls Real Estate.”
- Understand the Volatility: With a 52-week range spanning more than three times from low to high, this stock carries above-average price risk compared to many blue-chip stocks.
- Review Fundamentals, Not Just Price: A negative P/E ratio in certain periods signals the company has reported losses at times, so it’s worth digging into quarterly results and management commentary rather than relying on price movement alone.
- Watch for Corporate Announcements: Ongoing corporate actions, project launches, subsidiary restructuring, and legal developments can all move the stock meaningfully in the short term.
- Consult Multiple Sources: Given the frequency of updates and occasional discrepancies between financial data providers, it’s wise to cross-reference figures from the NSE/BSE directly, along with your brokerage platform, before making decisions.
Final Thoughts
The story of what was once “Indiabulls Real Estate” is really the story of a company reinventing itself — first as Equinox India Developments Limited, and now as Embassy Developments Limited, under the ownership and strategic direction of the Embassy Group. For anyone still searching under the old name, it’s important to redirect that research toward EMBDL to get accurate, current information.
As with any stock, especially one that has seen such significant volatility over the past year, thorough due diligence is essential. Track the company’s quarterly results, monitor corporate announcements, and consider consulting a licensed financial advisor before making any investment decisions.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Stock prices are subject to constant change; always verify current data through official exchange sources (NSE/BSE) or your brokerage platform before making any financial decisions. Past performance is not indicative of future results.