Icodex Publish.

  • Market Cap: Micro Cap
  • Industry: Software Products
  • ISIN: INE111601014
  • NSEID:
  • BSEID: 544483
INR
39.05
0.00 (0.00%)
BSENSE

Aug 11, 03:30 PM

BSE+NSE Vol: 1200

  • 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

1.2 k (-82.76%) Volume

Shareholding (Mar 2026)

FII

0.00%

Held by 0 FIIs

DII

0.01%

Held by 0 DIIs

Promoter

64.44%

Why is Icodex Publishing Solutions Ltd falling/rising?

12-Aug-2026

As of 11-Aug, the stock price of Icodex Publishing Solutions Ltd is stable at 39.05, with a year-to-date decline of 17.79%. Despite recent positive momentum and increased investor participation, the stock faces longer-term challenges as it trades below key moving averages.

As of 11-Aug, the stock price of Icodex Publishing Solutions Ltd is currently stable at 39.05, showing no change (0.00%). Over the past week, the stock has experienced a slight decline of 0.38%, which is marginally worse than the benchmark Sensex, which fell by 0.35%. However, in the last month, the stock has risen by 2.76%, outperforming the Sensex's increase of 0.75%. <BR><BR>Year-to-date, the stock has seen a significant decline of 17.79%, compared to the Sensex's drop of 8.29%. This indicates a challenging performance relative to the market overall. Despite this, there are signs of positive momentum today, as the stock has outperformed its sector by 1.04%. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 9.38% against the 5-day average. <BR><BR>The stock is currently trading above its 5-day and 20-day moving averages, although it remains below its longer-term moving averages (50-day, 100-day, and 200-day). This suggests that while there may be some short-term positive trends, the stock is still facing challenges in the longer term. Overall, the mixed performance indicators reflect a complex situation for Icodex Publishing Solutions Ltd, with both positive and negative factors influencing its stock price.

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Which are the latest news on Icodex Publish.?

11-Aug-2026

What does Icodex Publish. do?

11-Jun-2026

Icodex Publishing Solutions Ltd provides software products for the scholarly and academic publishing industry and operates in the micro-cap market, with a market cap of INR 70 Cr. The company has no recent sales or profit data available.

Overview: <BR>Icodex Publishing Solutions Ltd provides software products to the scholarly and academic publishing industry and operates within the micro-cap market.<BR><BR>History: <BR>Icodex Publishing Solutions Ltd was incorporated on May 28, 2018, originally as Icodex Publishing Solutions Private Limited. The company later changed its status to Icodex Publishing Solutions Limited on August 20, 2024. There is no sales or profit data available for the latest quarter.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: N/A <BR>Market-cap value: INR 70 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 10.00 <BR>Industry P/E: N/A <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.10 <BR>Return on Equity: 12.59% <BR>Price-to-Book: 1.24 <BR><BR>Contact Details: <BR>Address: Not available <BR>Phone: Not available <BR>Email: Not available <BR>Website: Not available

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Who are the peers of the Icodex Publish.?

11-Jun-2026

Icodex Publish.'s peers include Ace Soft. Exp., Xelpmoc Design, BITS, Kati Patang Life, Cranes Software, Odyssey Tech., Netlink Solns(I), and Olatech Solution. Icodex Publish. shows excellent management risk, growth, and capital structure, while peers exhibit varying levels of performance and risk.

Peers: The peers of Icodex Publish. are Ace Soft. Exp., Xelpmoc Design, BITS, Kati patang Life, Cranes Software, Odyssey Tech., Netlink Solns(I), and Olatech Solution.<BR><BR>Quality Snapshot: Excellent management risk is observed at Icodex Publish., while Below Average management risk is found at Ace Soft. Exp., Xelpmoc Design, BITS, Kati patang Life, and Odyssey Tech., and Average management risk is noted at Netlink Solns(I). In terms of Growth, Icodex Publish. shows Excellent growth, while Good growth is seen at Ace Soft. Exp., Olatech Solution, and the rest exhibit Below Average growth. For Capital Structure, Icodex Publish. has Excellent capital structure, while Good capital structure is present at Ace Soft. Exp., Olatech Solution, and BITS has Good capital structure, with the rest showing Below Average or does not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Netlink Solns(I) at 16.58%, while the peer with the lowest is Odyssey Tech. at -61.74%. Icodex Publish. does not have a 1-year return available for comparison. Additionally, several peers, including Kati patang Life, Odyssey Tech., Olatech Solution, and Cranes Software, have negative six-month returns.

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When is the next results date for Icodex Publishing Solutions Ltd?

13-May-2026

The next results date for Icodex Publishing Solutions Ltd is 15 May 2026.

The next results date for Icodex Publishing Solutions Ltd is scheduled for 15 May 2026.

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Is Icodex Publish. overvalued or undervalued?

19-Nov-2025

As of November 18, 2025, Icodex Publish. is rated very attractive and undervalued with a PE ratio of 9.77 and strong ROCE of 35.32%, significantly outperforming peers like TCS and Infosys, despite recent underperformance against the Sensex, while showing a robust 21.45% return over the past month.

As of 18 November 2025, the valuation grade for Icodex Publish. has moved from does not qualify to very attractive, indicating a significant improvement in its perceived value. The company is currently assessed as undervalued, supported by a PE ratio of 9.77, an EV to EBIT of 5.39, and a robust ROCE of 35.32%. <BR><BR>In comparison to its peers, TCS has a PE ratio of 22.2 and EV to EBITDA of 15.6, while Infosys shows a PE of 21.95 and an EV to EBITDA of 14.37. These comparisons highlight Icodex Publish.'s favorable valuation metrics relative to established competitors in the software products industry. Additionally, while the stock has recently underperformed the Sensex over the past week, it has shown a strong return of 21.45% over the past month, reinforcing the potential for growth as it aligns more closely with its intrinsic value.

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How has been the historical performance of Icodex Publish.?

15-Nov-2025

Icodex Publish has shown strong financial growth over the past two years, with net sales increasing to 10.40 Cr in March 2024 from 9.54 Cr in March 2023, and profit after tax rising to 4.40 Cr from 1.81 Cr. Key metrics such as operating profit margin and total assets have also improved significantly during this period.

Answer:<BR>The historical performance of Icodex Publish shows a positive trend in key financial metrics over the past two years.<BR><BR>Breakdown:<BR>In the standalone annual results for March 2024, Icodex Publish reported net sales of 10.40 Cr, an increase from 9.54 Cr in March 2023. Total operating income also rose to 10.40 Cr from 9.54 Cr, while total expenditure decreased to 6.14 Cr from 7.59 Cr, leading to an operating profit (PBDIT) of 4.85 Cr, up from 2.13 Cr the previous year. Profit before tax improved significantly to 4.45 Cr from 1.84 Cr, resulting in a profit after tax of 4.40 Cr compared to 1.81 Cr in the prior year. The operating profit margin increased to 40.96% from 20.44%, and the profit after tax margin rose to 42.31% from 18.97%. On the balance sheet, total assets grew to 24.75 Cr in March 2025 from 10.67 Cr in March 2024, with total liabilities also increasing to 24.75 Cr from 10.67 Cr. Cash flow from operating activities improved to 6.00 Cr from 3.00 Cr, while cash flow from investing activities showed a larger outflow of -9.00 Cr compared to -3.00 Cr the previous year. Overall, Icodex Publish has demonstrated strong growth in sales, profitability, and asset accumulation over the reported periods.

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iScoreScore
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stock-summaryMojo Parameters

Mojo Parameters

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Stock DNA

stock-summary
Industry

Software Products

stock-summary
Market cap

INR 60 Cr (Micro Cap)

stock-summary
P/E

9.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-0.10

stock-summary
Return on Equity

12.59%

stock-summary
Price to Book

1.07

Revenue and Profits:
Net Sales:
(Quarterly Results - )
Net Profit:
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-15.48%
0%
-15.48%
6 Months
-8.07%
0%
-8.07%
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%

Icodex Publish. for the last several years.

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

News

Icon
No Recent News for the Company

Announcements stock-summary

Board Meeting Outcome for Noting Of Monitoring Agency Report For Quarter Ended 30 June 2026

04-Aug-2026 | Source : BSE

Board meeting for noting of Monitoring Agency Report for quarter ended 30 June 2026

Announcement under Regulation 30 (LODR)-Monitoring Agency Report

04-Aug-2026 | Source : BSE

Enclosed herewith please find attached the Monitoring Agency Report issued by Infomerics Valuation and Ratings limited in respect of utilisation of proceeds of IPO for quarter ended 30 June 2026.

Announcement under Regulation 30 (LODR)-Newspaper Publication

17-Jul-2026 | Source : BSE

Please find enclosed copies of Newspaper advertisements published on July 17 2026 in respect of the Postal Ballot Notice dated July 10 2026 and the resolutions proposed.

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)
9.00%
EBIT Growth (5y)
133.53%
EBIT to Interest (avg)
7.09
Debt to EBITDA (avg)
0.40
Net Debt to Equity (avg)
-0.03
Sales to Capital Employed (avg)
0.59
Tax Ratio
30.90%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.01%
ROCE (avg)
41.58%
ROE (avg)
47.19%

Valuation key factors

Factor
Value
P/E Ratio
9
Industry P/E
0
Price to Book Value
1.08
EV to EBIT
5.56
EV to EBITDA
5.17
EV to Capital Employed
1.09
EV to Sales
2.13
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
19.67%
ROE (Latest)
12.59%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
RSI
No Signal
Bollinger Bands
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Dow Theory
No Trend
Mildly Bearish
OBV
No Trend
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2026stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Chetan Shankarlal Soni (31.99%)

Highest Public shareholder

Comercinate Enterprises Private Limited (2.88%)

Individual Investors Holdings

26.75%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "alert": "No Quarterly Results declared by Icodex Publish."
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is 25.93% vs 1.75% in Mar 2025",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is 18.79% vs 6.93% in Mar 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "13.89",
          "val2": "11.03",
          "chgp": "25.93%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "7.75",
          "val2": "7.23",
          "chgp": "7.19%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.16",
          "val2": "0.15",
          "chgp": "6.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "5.50",
          "val2": "4.63",
          "chgp": "18.79%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "55.80%",
          "val2": "65.55%",
          "chgp": "-9.75%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Icodex Publish."
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 110.38% vs 9.01% in Mar 2024",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 103.64% vs 143.09% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "21.88",
          "val2": "10.40",
          "chgp": "110.38%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "13.43",
          "val2": "4.26",
          "chgp": "215.26%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.22",
          "val2": "0.04",
          "chgp": "450.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "8.96",
          "val2": "4.40",
          "chgp": "103.64%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "61.38%",
          "val2": "40.96%",
          "chgp": "20.42%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]

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

Sep'25
Mar'25
Change(%)
Net Sales
13.89
11.03
25.93%
Operating Profit (PBDIT) excl Other Income
7.75
7.23
7.19%
Interest
0.16
0.15
6.67%
Exceptional Items
0.00
0.00
Standalone Net Profit
5.50
4.63
18.79%
Operating Profit Margin (Excl OI)
55.80%
65.55%
-9.75%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 25.93% vs 1.75% in Mar 2025

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2025 is 18.79% vs 6.93% in Mar 2025

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

Mar'25
Mar'24
Change(%)
Net Sales
21.88
10.40
110.38%
Operating Profit (PBDIT) excl Other Income
13.43
4.26
215.26%
Interest
0.22
0.04
450.00%
Exceptional Items
0.00
0.00
Standalone Net Profit
8.96
4.40
103.64%
Operating Profit Margin (Excl OI)
61.38%
40.96%
20.42%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 110.38% vs 9.01% in Mar 2024

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2025 is 103.64% vs 143.09% in Mar 2024

stock-summaryCompany CV
About Icodex Publishing Solutions Ltd stock-summary
stock-summary
Icodex Publishing Solutions Ltd
Micro Cap
Software Products
Icodex Publishing Solutions Limited was incorporated on May 28, 2018 as `Icodex Publishing Solutions Private Limited', a Private Limited Company, issued by the Registrar of Companies, Central Registration Centre and was subsequently changed to `Icodex Publishing Solutions Limited' vide fresh Certificate of Incorporation dated August 20, 2024 issued by the Central Processing Centre. The Company was incorporated to provide software products to the scholarly and academic publishing industry.
Company Coordinates stock-summary
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No Company Details Available