Are Indiqube Spaces latest results good or bad?

Indiqube Spaces' latest results show strong revenue growth of 44.52% year-on-year, reaching ₹350.14 crores, but the company continues to face profitability challenges with a net loss of ₹29.87 crores for the quarter, marking its eighth consecutive loss. While revenue growth is promising, ongoing financial difficulties raise concerns about its long-term stability and path to profitability.

Indiqube Spaces' latest results present a mixed picture. On one hand, the company has shown significant revenue growth, with net sales increasing by 44.52% year-on-year, reaching ₹350.14 crores in Q2 FY26. This marks the highest quarterly revenue in the company's history, indicating strong demand for its co-working solutions and successful expansion efforts.<BR><BR>However, the company continues to face challenges with profitability, reporting a net loss of ₹29.87 crores for the quarter. While this represents a 43.13% improvement year-on-year and an 18.75% reduction from the previous quarter, it still raises concerns as this marks the eighth consecutive quarter of losses. The operating margin, although strong at 59.37%, has contracted slightly from the previous quarter due to rising employee costs.<BR><BR>Additionally, the company has a negative book value, which raises questions about its financial stability. The heavy interest burden and high depreciation costs further complicate its path to profitability. <BR><BR>In summary, while Indiqube Spaces is experiencing robust revenue growth and improving operational efficiency, the ongoing losses and financial challenges suggest that the overall results are not entirely positive. The sustainability of its growth strategy and the timeline to profitability remain uncertain.

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.

Should I buy, sell or hold Indiqube Spaces?

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.

Why is Indiqube Spaces falling/rising?

As of 13-Dec, Indiqube Spaces Ltd's stock price is Rs 193.00, down 1.4 (-0.72%), with a significant decline of 5.90% over the past week and 12.71% over the last month. The stock's poor performance, high debt-to-equity ratio, and reduced institutional investment reflect negative sentiment and a bearish trend.

As of 13-Dec, Indiqube Spaces Ltd's stock price is falling, currently at Rs 193.00, reflecting a change of -1.4 (-0.72%). The stock has been underperforming, with a decline of 5.90% over the past week, while the benchmark Sensex has only decreased by 0.52%. Over the last month, the stock has dropped by 12.71%, contrasting sharply with the Sensex's gain of 0.95%. <BR><BR>Today, the stock opened with a gain of 2.11%, reaching an intraday high of Rs 198.5, but it has since fallen, indicating a lack of sustained momentum. It is also noteworthy that the stock is just 0.67% away from its 52-week low of Rs 191.7. The stock has been losing for the last two days, with a cumulative decline of 2.48% during this period.<BR><BR>The trading activity shows a concerning trend, as the delivery volume has decreased significantly by 59.52% compared to the 5-day average, suggesting falling investor participation. Additionally, Indiqube Spaces is trading below its moving averages across various time frames, indicating a bearish trend.<BR><BR>The company's fundamentals also contribute to the negative sentiment. It has a high debt-to-equity ratio of 7.78, which raises concerns about its long-term financial health. Despite reporting the highest operating cash flow and net sales in recent quarters, the company has shown poor long-term growth, with net sales growing at an annual rate of only 27.50% and operating profit stagnating at 0% over the last five years. Furthermore, institutional investors have reduced their stake by 17.87% in the previous quarter, reflecting a lack of confidence from those with more analytical resources.<BR><BR>In summary, the combination of poor stock performance relative to benchmarks, declining investor participation, high debt levels, and weak long-term growth prospects are key factors contributing to the falling stock price of Indiqube Spaces Ltd.

Which are the latest news on Indiqube Spaces?