Indiqube Spaces

  • Market Cap: Small Cap
  • Industry: Diversified Commercial Services
  • ISIN: INE06ST01018
  • NSEID: INDIQUBE
  • BSEID: 544454
INR
173.10
3.35 (1.97%)
BSENSE

Mar 06

BSE+NSE Vol: 16.59 k

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

16.59 k (-41.88%) Volume

Shareholding (Dec 2025)

FII

2.30%

Held by 13 FIIs

DII

5.15%

Held by 14 DIIs

Promoter

60.04%

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.

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.

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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%.

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.

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When is the next results date for Indiqube Spaces Ltd?

30-Jan-2026

The next results date for Indiqube Spaces Ltd is 10 February 2026.

The next results date for Indiqube Spaces Ltd is scheduled for 10 February 2026.

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Are Indiqube Spaces Ltd latest results good or bad?

11-Feb-2026

Indiqube Spaces Ltd's latest results show strong revenue growth of 11.37% quarter-on-quarter and 45.56% year-on-year, with improved operating margins at 60.85%. However, the company reported a net loss of ₹17.07 crores, raising concerns about profitability and sustainability due to high debt levels.

Indiqube Spaces Ltd's latest results present a mixed picture. On one hand, the company has shown significant revenue growth, with net sales increasing by 11.37% quarter-on-quarter and an impressive 45.56% year-on-year, reaching ₹389.94 crores. Additionally, the operating margin has improved to 60.85%, the highest in eight quarters, indicating strong operational efficiency.<BR><BR>However, despite these positive trends, the company continues to face challenges in profitability. It reported a net loss of ₹17.07 crores for Q3 FY26, although this was an improvement of 42.85% compared to the previous quarter's loss of ₹29.87 crores. The losses have raised concerns about the sustainability of its business model, especially given the substantial interest burden of ₹112.33 crores, which significantly erodes the operating profit.<BR><BR>In summary, while Indiqube Spaces Ltd is experiencing robust revenue growth and improving operational metrics, the ongoing net losses and high debt levels present significant challenges, making the overall results somewhat concerning. Investors should weigh these factors carefully when assessing the company's financial health and future prospects.

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Should I buy, sell or hold Indiqube Spaces Ltd?

03-Mar-2026

Why is Indiqube Spaces Ltd falling/rising?

06-Mar-2026

As of 05-Mar, Indiqube Spaces Ltd's stock price is rising to Rs 171.50, driven by increased investor participation and positive quarterly results, despite concerns over a high debt-to-equity ratio. The stock has outperformed its sector and shows signs of positive momentum after a recent decline.

As of 05-Mar, Indiqube Spaces Ltd's stock price is rising, currently at Rs 171.50, reflecting a change of Rs 5.0 or 3.0%. This increase can be attributed to several factors. Notably, the stock has outperformed its sector by 2.69% today and has experienced a trend reversal after three consecutive days of decline. Additionally, the stock reached an intraday high of Rs 171.9, indicating positive momentum.<BR><BR>Investor participation has also increased, with a significant rise in delivery volume, which was up by 305% compared to the 5-day average. This suggests growing interest among investors, contributing to the upward price movement. Despite the stock trading lower than its moving averages across various time frames, the recent positive quarterly results, including a 27.4% growth in net sales and a strong operating profit to interest ratio, have likely bolstered investor confidence.<BR><BR>However, it is important to note that the company faces challenges, including a high debt-to-equity ratio of 7.78 times, which raises concerns about its long-term fundamental strength. Despite these issues, the immediate factors contributing to the stock's rise today include improved investor participation and positive financial results.

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Why is Indiqube Spaces Ltd falling/rising?

07-Mar-2026

As of 06-Mar, Indiqube Spaces Ltd's stock price is rising to Rs 173.10, up 1.97%, driven by strong investor interest and positive financial results. However, concerns remain due to a high debt-to-equity ratio of 7.78 times.

As of 06-Mar, Indiqube Spaces Ltd's stock price is rising, currently at Rs 173.10, reflecting an increase of Rs 3.35 or 1.97%. This upward movement can be attributed to several factors. Firstly, the stock has outperformed its sector by 2.59% today and has shown a consecutive gain over the last two days, with a total return of 3.96% during this period. Additionally, the stock reached an intraday high of Rs 174.25, indicating positive trading momentum.<BR><BR>Investor participation has also increased, with a delivery volume of 19.05k on March 5, which is a 39.25% rise compared to the 5-day average. This suggests growing interest among investors, contributing to the stock's upward trend. Furthermore, the company has reported positive financial results for the last two consecutive quarters, including a significant growth in net sales by 27.4% compared to the previous four-quarter average.<BR><BR>However, it is important to note that despite these positive indicators, the company faces challenges such as a high debt-to-equity ratio of 7.78 times, which raises concerns about its long-term fundamental strength. Nonetheless, the current performance and positive results seem to be driving the stock's rise in the short term.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

With HIgh Debt (Debt-Equity Ratio at 7.78 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
  • High Debt Company with a Debt to Equity ratio (avg) at 0 times
2

With ROCE of 2.7, it has a Expensive valuation with a 1.6 Enterprise value to Capital Employed

stock-summaryMojo Parameters

Mojo Parameters

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Stock DNA

stock-summary
Industry

Diversified Commercial Services

stock-summary
Market cap

INR 3,598 Cr (Small Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

32

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

7.78

stock-summary
Return on Equity

-25.37%

stock-summary
Price to Book

6.61

Revenue and Profits:
Net Sales:
390 Cr
(Quarterly Results - Dec 2025)
Net Profit:
-17 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-15.6%
0%
-15.6%
6 Months
-24.62%
0%
-24.62%
1 Year
0%
0%
0.0%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Indiqube Spaces for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

News

Announcements stock-summary

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

02-Mar-2026 | Source : BSE

Intimation of Analyst/ Investor Meet

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

02-Mar-2026 | Source : BSE

Intimation of Analyst/ Investor Meet

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

02-Mar-2026 | Source : BSE

Intimation of Analyst/ Investor Meet

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
27.50%
EBIT Growth (5y)
178.00%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
7.18
Net Debt to Equity (avg)
-13.18
Sales to Capital Employed (avg)
0
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
16.96%
ROCE (avg)
2.93%
ROE (avg)
0

Valuation key factors

Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
32
Price to Book Value
6.67
EV to EBIT
61.42
EV to EBITDA
12.89
EV to Capital Employed
1.65
EV to Sales
7.50
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
2.68%
ROE (Latest)
-25.37%

Technicals key factors

Indicator
Weekly
Monthly
MACD
RSI
No Signal
Bollinger Bands
Mildly Bearish
KST
Dow Theory
Bearish
Bearish
OBV
Mildly Bullish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 8 Schemes (9.12%)

FIIs

Held by 13 FIIs (2.3%)

Promoter with highest holding

Anshuman Das (21.82%)

Highest Public shareholder

Aravali Investment Holdings (19.14%)

Individual Investors Holdings

2.77%

stock-summaryFinancial
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Quarterly Results Snapshot (Standalone) - Dec'25 - QoQstock-summary

Dec'25
Sep'25
Change(%)
Net Sales
389.94
350.14
11.37%
Operating Profit (PBDIT) excl Other Income
237.27
207.89
14.13%
Interest
112.33
106.79
5.19%
Exceptional Items
0.00
0.00
Standalone Net Profit
-17.07
-29.87
42.85%
Operating Profit Margin (Excl OI)
60.85%
59.37%
1.48%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2025 is 11.37% vs 13.21% in Sep 2025

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is 42.85% vs 18.74% in Sep 2025

Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary

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
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.
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

Nine Monthly Results Snapshot (Standalone) - Dec'25stock-summary

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
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.
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

Annual Results Snapshot (Standalone) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
1,059.29
830.57
27.54%
Operating Profit (PBDIT) excl Other Income
616.55
226.33
172.41%
Interest
330.35
256.00
29.04%
Exceptional Items
0.00
0.00
Standalone Net Profit
-139.62
-341.51
59.12%
Operating Profit Margin (Excl OI)
58.20%
27.25%
30.95%
Values in Rs Cr.
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

stock-summaryCompany CV
About Indiqube Spaces Ltd stock-summary
stock-summary
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.
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