Indiqube Spaces

Why is Indiqube Spaces Ltd falling/rising?

As of 30-Jul, Indiqube Spaces Ltd's stock price is Rs 171.45, down 4.99%, driven by poor performance metrics, high debt levels, and declining investor interest. The stock has underperformed significantly compared to the Sensex, with notable declines over the past week, year-to-date, and year-on-year.

As of 30-Jul, Indiqube Spaces Ltd is experiencing a decline in its stock price, currently at Rs 171.45, reflecting a change of -9.0 (-4.99%). This drop can be attributed to several factors highlighted in the recent performance data. <BR><BR>Over the past week, the stock has underperformed significantly, with a decrease of -5.41%, while the benchmark Sensex has risen by +2.01%. Year-to-date, the stock has fallen by -16.77%, compared to a lesser decline of -8.56% for the Sensex. Additionally, the stock has shown a poor performance over the past year, with a return of -21.32%, contrasting sharply with the Sensex's -4.36%.<BR><BR>Today's trading session further illustrates the stock's struggles, as it underperformed its sector by -5.31%. The stock touched an intraday low of Rs 170, marking a decline of -5.79%. The weighted average price indicates that more volume was traded closer to this low price, suggesting a lack of investor confidence. Moreover, there has been a notable decrease in investor participation, with delivery volume falling by -71.43% against the 5-day average, indicating reduced interest in the stock.<BR><BR>Despite the company reporting positive results for the last three consecutive quarters, including record net sales and operating profit margins, the high debt levels, reflected in a debt-equity ratio of 9.37 times, raise concerns about its long-term fundamental strength. The company's weak growth metrics, with net sales growing at an annual rate of only 27.50% and operating profit stagnant at 0% over the last five years, further contribute to the negative sentiment surrounding the stock. <BR><BR>In summary, the combination of poor short-term and long-term performance, high debt levels, and declining investor participation are key factors contributing to the falling stock price of Indiqube Spaces Ltd.

Which are the latest news on Indiqube Spaces?

Should I buy, sell or hold Indiqube Spaces Ltd?

What does Indiqube Spaces do?

Indiqube Spaces Ltd is a small-cap company in the diversified commercial services industry, specializing in flexible workspace solutions. As of March 2026, it reported net sales of 401 Cr and a net loss of 23 Cr, with a market capitalization of INR 3,328 Cr.

Overview:<BR>Indiqube Spaces Ltd operates in the diversified commercial services industry and is categorized as a small-cap company.<BR><BR>History:<BR>Indiqube Spaces Ltd was initially incorporated as Innovent Spaces Private Limited in 2015. The company underwent a name change to Indiqube Spaces Private Limited and later converted to a public limited company, adopting its current name on December 17, 2024. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 401 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: -23 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 3,328 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 32 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 9.37 <BR>Return on Equity: -20.66% <BR>Price to Book: 6.39 <BR><BR>Contact Details:<BR>Details: No Company Details Available <BR>Registrar Address: Not available.

How big is Indiqube Spaces?

As of 10th June, Indiqube Spaces Ltd has a market capitalization of 3,328.00 Cr and reported net sales of 1,450.82 Cr, with a net loss of 106.35 Cr in the latest four quarters.

As of 10th June, Indiqube Spaces Ltd has a market capitalization of 3,328.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Indiqube Spaces reported net sales of 1,450.82 Cr. However, the company experienced a loss of 106.35 Cr in net profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025. Shareholder's funds stood at a loss of 3.11 Cr, while total assets were valued at 4,558.71 Cr.

Who are the peers of the Indiqube Spaces?

Indiqube Spaces' peers include Nirlon, Smartworks Cowor, CMS Info Systems, Hemisphere Prop, Quess Corp, Team Lease Serv., AWFIS Space, Bluspring Enter., and Texmaco Infrast. Key insights show Smartworks Cowor and CMS Info Systems have excellent management risk, while Nirlon has the highest 1-year return at 19.23%, and CMS Info Systems has the lowest at -41.48%.

Peers: The peers of Indiqube Spaces are Nirlon, Smartworks Cowor, CMS Info Systems, Hemisphere Prop, Quess Corp, Team Lease Serv., AWFIS Space, Bluspring Enter., Texmaco Infrast.<BR><BR>Quality Snapshot: Excellent management risk is observed at Smartworks Cowor and CMS Info Systems, while Good management risk is found at Quess Corp. Average management risk is noted at Nirlon and Team Lease Serv., while Below Average management risk is present at Hemisphere Prop and AWFIS Space. The rest have management risks that do not qualify. Growth is Excellent at Smartworks Cowor and AWFIS Space, while Below Average growth is seen at Nirlon, CMS Info Systems, Hemisphere Prop, Quess Corp, and Team Lease Serv. The rest have growth ratings that do not qualify. Capital Structure is Excellent at CMS Info Systems and Team Lease Serv., while Below Average capital structure is noted at Nirlon, Smartworks Cowor, Hemisphere Prop, AWFIS Space, and Texmaco Infrast. The rest have capital structures that do not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Nirlon at 19.23%, while the peer with the lowest is CMS Info Systems at -41.48%. Indiqube Spaces does not have a 1-year return available for comparison. Additionally, peers with negative six-month returns include CMS Info Systems, AWFIS Space, Team Lease Serv., and Texmaco Infrast.

Are Indiqube Spaces Ltd latest results good or bad?

Indiqube Spaces Ltd's latest results show strong revenue growth of 35.20% year-on-year, reaching ₹401.45 crores, but the company also reported a net loss of ₹22.65 crores, highlighting ongoing profitability challenges due to high debt and expenses. Overall, the results are mixed, with positive operational performance overshadowed by significant financial concerns.

Indiqube Spaces Ltd's latest results present a mixed picture. On one hand, the company achieved a significant revenue growth of 35.20% year-on-year, with net sales reaching ₹401.45 crores in Q4 FY26. This marks the seventh consecutive quarter of revenue growth, indicating strong operational performance and market demand.<BR><BR>However, the company reported a net loss of ₹22.65 crores for the same quarter, which is a 32.69% increase in losses compared to the previous quarter. This persistent loss reflects ongoing challenges in translating operational success into profitability, primarily due to high interest expenses and depreciation burdens that consume a substantial portion of revenue.<BR><BR>The operating margin improved to 61.79%, the highest in seven quarters, showcasing effective cost management and operational efficiency. Yet, the heavy debt load, with a debt-to-EBITDA ratio of 7.18 times, continues to constrain profitability and raises concerns about the sustainability of its capital structure.<BR><BR>In summary, while Indiqube Spaces demonstrates strong revenue growth and operational efficiency, the ongoing net losses and high leverage present significant challenges, making the overall results appear more concerning than positive.

When is the next results date for Indiqube Spaces Ltd?

The next results date for Indiqube Spaces Ltd is 20 May 2026.

The next results date for Indiqube Spaces Ltd is scheduled for 20 May 2026.

Is Indiqube Spaces overvalued or undervalued?

As of November 14, 2025, Indiqube Spaces is considered overvalued with a negative PE ratio of -32.96 and a low ROE of -25.37%, especially when compared to peers like Altius Telecom, indicating significant financial challenges despite a recent stock return of 7.66%.

As of 14 November 2025, Indiqube Spaces has moved from a fair to an expensive valuation grade. The company is currently considered overvalued, with a PE ratio of -32.96, a Price to Book Value of 8.36, and an EV to EBITDA ratio of 14.40. These ratios indicate significant financial challenges, particularly the negative PE ratio and a low ROE of -25.37%, suggesting inefficiencies in generating profit relative to shareholder equity.<BR><BR>In comparison to its peers, Indiqube Spaces stands out unfavorably. For instance, Altius Telecom is rated very attractive with a PE of 51.5, while other competitors like Embassy Office REIT and Mindspace Business have very expensive valuations with PE ratios of 130.21 and 53.94, respectively. Despite a recent one-week stock return of 7.66% compared to the Sensex's 1.62%, the overall financial metrics and peer comparisons reinforce the conclusion that Indiqube Spaces is overvalued in the current market.

How has been the historical performance of Indiqube Spaces?

Indiqube Spaces has shown significant improvement in net sales and operating profit over the past two years, with net sales rising to 1,059.29 Cr and operating profit reaching 660.20 Cr. However, the company still reported a loss before tax of -157.30 Cr and faces challenges with increasing liabilities.

Answer:<BR>The historical performance of Indiqube Spaces shows significant changes over the past two years.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2025, Indiqube Spaces reported net sales of 1,059.29 Cr, an increase from 830.57 Cr in March 2024. The total operating income also rose to 1,059.29 Cr from 830.57 Cr, while total expenditure decreased to 442.74 Cr from 604.24 Cr. This led to a substantial increase in operating profit (PBDIT), which reached 660.20 Cr compared to 263.42 Cr the previous year. However, the company still reported a loss before tax of -157.30 Cr, an improvement from -384.82 Cr in the prior year, and a profit after tax of -139.62 Cr, up from -341.51 Cr. The earnings per share improved significantly to -10.72 from -1897.28. On the balance sheet, total liabilities increased to 4,558.71 Cr from 3,567.34 Cr, while total assets also rose to 4,558.71 Cr from 3,567.34 Cr. The cash flow from operating activities improved to 611.00 Cr from 542.00 Cr, indicating better operational efficiency, although the net cash inflow was minimal at 15.00 Cr. Overall, while Indiqube Spaces has shown improvement in sales and operational metrics, it continues to face challenges with profitability and increasing liabilities.