INDIQUBE Share Price | Indiqube Spaces Ltd Stock Analysis & Recommendation

Q: Why is Indiqube Spaces Ltd falling/rising?

As of 09-Jun, Indiqube Spaces Ltd is experiencing a rise in its stock price, currently at 159.30, reflecting a change of 1.55 (0.98%) upward. However, it is important to note that the stock has been underperforming in the market overall. Over the past three days, it has seen a consecutive decline, with a total drop of -4.61% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.Despite the recent rise, the stock's performance today has underperformed its sector by -2.64%. Furthermore, investor participation has decreased significantly, with delivery volume on June 8 falling by -82.6% compared to the 5-day average. This decline in trading activity suggests a lack of confidence among investors.On a more positive note, the company has reported strong financial results over the last three consecutive quarters, with net sales reaching their highest at Rs 401.45 crore and an operating profit margin of 61.79%. However, the company faces challenges due to a high debt-equity ratio of 9.37 times, indicating weak long-term fundamental strength. This high debt level, combined with poor long-term growth metrics, contributes to a complex outlook for the stock.In summary, while there is a slight uptick in the stock price, the overall trend indicates a decline, driven by consecutive losses, reduced investor participation, and underlying financial challenges.

Q: Should I buy, sell or hold Indiqube Spaces Ltd?

Based on the information available, it would be advisable to consider selling Indiqube Spaces Ltd. The company has a very high debt-to-equity ratio of 9.37, indicating significant leverage and weak long-term fundamental strength. Although it has shown positive results in the last three quarters, with net sales and operating profit metrics reaching new highs, the overall growth in net sales has been relatively modest at an annual rate of 27.50%, and operating profit has not grown at all over the last five years.While the company is net-debt free, which is a positive aspect, the high debt levels compared to equity raise concerns about its long-term sustainability. The return on capital employed (ROCE) of 4.4 suggests that the company is not generating strong returns relative to its capital, and the enterprise value to capital employed ratio of 1.6 indicates fair valuation but not necessarily an attractive investment opportunity.Given these factors, particularly the high debt levels and weak long-term growth prospects, selling might be the prudent choice at this time.

Q: Are Indiqube Spaces Ltd latest results good or bad?

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.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.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.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.

Q: When is the next results date for Indiqube Spaces Ltd?

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

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

28.23 k (60.88%) Volume

Shareholding (Mar 2026)

FII

2.18%

Held by 13 FIIs

DII

14.69%

Held by 14 DIIs

Promoter

60.10%

Why is Indiqube Spaces Ltd falling/rising?

10-Jun-2026

As of 09-Jun, Indiqube Spaces Ltd's stock price is at 159.30, showing a slight increase but overall underperforming with a recent decline of -4.61% and reduced investor participation. The company has strong financial results but faces challenges due to a high debt-equity ratio, indicating a complex outlook.

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Which are the latest news on Indiqube Spaces?

09-Jun-2026

Indiqube Spaces Ltd is Rated Strong Sell
Indiqube Spaces Ltd Valuation Shifts Signal Changing Market Sentiment

Should I buy, sell or hold Indiqube Spaces Ltd?

27-May-2026

Are Indiqube Spaces Ltd latest results good or bad?

22-May-2026

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.

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When is the next results date for Indiqube Spaces Ltd?

15-May-2026

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

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Is Indiqube Spaces overvalued or undervalued?

17-Nov-2025

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%.

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How has been the historical performance of Indiqube Spaces?

13-Nov-2025

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.

View full answer

Compare Indiqube Spaces with Similar Stocks

Quess Corp Team Lease Serv.Hemisphere Prop

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

With HIgh Debt (Debt-Equity Ratio at 9.37 times)- the company has a Weak Long Term Fundamental Strength

Poor long term growth as Net Sales has grown by an annual rate of 27.50% and Operating profit at 0% over the last 5 years
The company is Net-Debt Free

With ROCE of 4.4, it has a Expensive valuation with a 1.5 Enterprise value to Capital Employed

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Diversified Commercial Services

Market cap

INR 3,265 Cr (Small Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

9.37

Return on Equity

-20.66%

Price to Book

6.39

Revenue and Profits:

Net Sales:

401 Cr

(Quarterly Results - Mar 2026)

Net Profit:

-23 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-4.76%

6 Months

-22.18%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

0.0%

Indiqube Spaces for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

Indiqube Spaces Ltd is Rated Strong Sell

Indiqube Spaces Ltd is rated Strong Sell by MarketsMOJO, with this rating last updated on 25 May 2026. However, the analysis and financial metrics discussed here reflect the stock’s current position as of 10 June 2026, providing investors with the most up-to-date view of the company’s fundamentals, valuation, financial trends, and technical outlook.

Read full news article

Indiqube Spaces Ltd is Rated Strong Sell

Indiqube Spaces Ltd is rated Strong Sell by MarketsMOJO, with this rating last updated on 25 May 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 30 May 2026, providing investors with the latest insights into the company’s fundamentals, valuation, financial trends, and technical outlook.

Read full news article

Indiqube Spaces Ltd Valuation Shifts Signal Changing Market Sentiment

Indiqube Spaces Ltd, a small-cap player in the diversified commercial services sector, has seen a notable shift in its valuation parameters, moving from an expensive to a fair valuation grade. Despite this adjustment, the stock continues to face downward pressure amid weak returns and deteriorating fundamentals, prompting a downgrade to a Strong Sell rating by MarketsMOJO as of 25 May 2026.

Read full news article

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

01-Jun-2026 | Source : BSE

Intimation of Analyst/ Investor Meet

Announcement under Regulation 30 (LODR)-Press Release / Media Release

01-Jun-2026 | Source : BSE

Press Release

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

27-May-2026 | Source : BSE

Submission of transcript of Earnings calls held on May 21 2026 on the financial results for the quarter and year ended March 31 2026

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

27.50%

EBIT Growth (5y)

178.00%

EBIT to Interest (avg)

Debt to EBITDA (avg)

6.76

Net Debt to Equity (avg)

-13.18

Sales to Capital Employed (avg)

Tax Ratio

Tax Ratio is Negative%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

16.87%

ROCE (avg)

3.42%

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

6.39

EV to EBIT

34.37

EV to EBITDA

9.20

EV to Capital Employed

1.52

EV to Sales

5.59

PEG Ratio

Dividend Yield

ROCE (Latest)

4.42%

ROE (Latest)

-20.66%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

No Signal

Bollinger Bands

Bearish

Moving Averages

Bearish (Daily)

KST

Bearish

Dow Theory

Mildly Bearish

Mildly Bullish

OBV

No Trend

Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 8 Schemes (9.21%)

FIIs

Held by 13 FIIs (2.18%)

Promoter with highest holding

Anshuman Das (21.81%)

Highest Public shareholder

Aravali Investment Holdings (19.14%)

Individual Investors Holdings

2.77%

Financial

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Quarterly Results Snapshot (Standalone) - Mar'26 - QoQ

Mar'26

Dec'25

Change(%)

Net Sales

401.45

389.94

2.95%

Operating Profit (PBDIT) excl Other Income

248.07

237.27

4.55%

Interest

119.20

112.33

6.12%

Exceptional Items

0.00

Standalone Net Profit

-22.65

-17.07

-32.69%

Operating Profit Margin (Excl OI)

61.79%

60.85%

0.94%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Mar 2026 is 2.95% vs 11.37% in Dec 2025

Standalone Net Profit

QoQ Growth in quarter ended Mar 2026 is -32.69% vs 42.85% in Dec 2025

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

659.43

494.45

33.37%

Operating Profit (PBDIT) excl Other Income

396.00

288.83

37.10%

Interest

216.73

152.94

41.71%

Exceptional Items

0.00

Standalone Net Profit

-66.62

-94.56

29.55%

Operating Profit Margin (Excl OI)

60.05%

58.41%

1.64%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

1,049.37

762.34

37.65%

Operating Profit (PBDIT) excl Other Income

633.27

446.59

41.80%

Interest

329.06

239.21

37.56%

Exceptional Items

0.00

Standalone Net Profit

-83.69

-108.29

22.72%

Operating Profit Margin (Excl OI)

60.35%

58.58%

1.77%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'26

Mar'26

Mar'25

Change(%)

Net Sales

1,450.81

1,059.29

36.96%

Operating Profit (PBDIT) excl Other Income

881.33

616.55

42.95%

Interest

448.26

330.35

35.69%

Exceptional Items

0.00

Standalone Net Profit

-106.34

-139.62

23.84%

Operating Profit Margin (Excl OI)

60.75%

58.20%

2.55%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2026 is 36.96% vs 27.54% in Mar 2025

Standalone Net Profit

YoY Growth in year ended Mar 2026 is 23.84% vs 59.12% in Mar 2025

All Annual Results

Company CV

About Indiqube Spaces Ltd

Indiqube Spaces Ltd

Small Cap

Diversified Commercial Services

Indiqube Space Limited was initially incorporated as Innovent Spaces Private Limited, a Private Limited Company on January 14, 2015 with the Registrar of Companies, Kanpur. Subsequently, the Company changed the name to "Indiqube Spaces Private Limited" and a fresh Certificate of Incorporation dated November 8, 2024 and pursuant to conversion of Company into a Public Limited, the name was changed to "Indiqube Spaces Limited" on December 17, 2024.

Company Coordinates

No Company Details Available