Indiqube Spaces Ltd (INDIQUBE) Stock Analysis | Price, Returns, Financials & Key Metrics

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

21.14 k (-65.63%) Volume

Shareholding (Sep 2025)

FII

2.67%

Held by 19 FIIs

DII

5.52%

Held by 14 DIIs

Promoter

60.60%

Are Indiqube Spaces latest results good or bad?

09-Nov-2025

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.

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.

Should I buy, sell or hold Indiqube Spaces?

15-Nov-2025

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%.

Which are the latest news on Indiqube Spaces?

04-Dec-2025

Indiqube Spaces Sees Revision in Market Evaluation Amid Mixed Financial Signals
Is Indiqube Spaces overvalued or undervalued?

Why is Indiqube Spaces falling/rising?

05-Dec-2025

As of 04-Dec, Indiqube Spaces Ltd's stock price is at 206.25, reflecting a decline of 10.31% over the past six days and trading below all key moving averages. This downturn is compounded by reduced investor participation and a high debt-to-equity ratio, raising concerns about the company's long-term financial stability.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

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Dashboard

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

With ROCE of 2.7, it has a Expensive valuation with a 1.8 Enterprise value to Capital Employed

Falling Participation by Institutional Investors

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Diversified Commercial Services

Market cap

INR 4,314 Cr (Small Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

7.78

Return on Equity

-25.37%

Price to Book

7.87

Revenue and Profits:

Net Sales:

350 Cr

(Quarterly Results - Sep 2025)

Net Profit:

-30 Cr

Total Returns

Total Returns (Price + Dividend)

Company does not have enough history

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 Sees Revision in Market Evaluation Amid Mixed Financial Signals

Indiqube Spaces has experienced a revision in its market evaluation, reflecting nuanced changes across key financial and technical parameters. This adjustment highlights evolving perspectives on the company’s fundamentals within the diversified commercial services sector.

Is Indiqube Spaces overvalued or undervalued?

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. 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 i...

Is Indiqube Spaces overvalued or undervalued?

As of 14 November 2025, Indiqube Spaces has moved from a fair to an expensive valuation grade. The company is currently considered overvalued, primarily due to its negative PE ratio of -32.96 and a high Price to Book Value of 8.36. Additionally, the EV to EBITDA ratio stands at 14.40, indicating a significant premium compared to its earnings potential. In comparison to its peers, Indiqube Spaces' valuation metrics are notably less favorable. For instance, Altius Telecom, categorized as very attractive, has a PE ratio of 51.5 and an EV to EBITDA of 9.62, showcasing a more favorable valuation profile. Other peers like Embassy Office REIT and Mindspace Business also reflect very expensive valuations with PE ratios of 130.21 and 53.94, respectively. Despite a recent 7.66% return over the past week, which outperformed the Sensex's 1.62%, the overall valuation suggests that Indiqube Spaces is not positioned for ...

No announcement available

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)

7.18

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

17.05%

ROCE (avg)

2.93%

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

7.83

EV to EBIT

66.35

EV to EBITDA

13.93

EV to Capital Employed

1.78

EV to Sales

8.11

PEG Ratio

Dividend Yield

ROCE (Latest)

2.68%

ROE (Latest)

-25.37%

Technicals key factors

Indicator

Weekly

Monthly

No records

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

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 9 Schemes (8.31%)

FIIs

Held by 19 FIIs (2.67%)

Promoter with highest holding

Anshuman Das (22.02%)

Highest Public shareholder

Aravali Investment Holdings (19.32%)

Individual Investors Holdings

1.89%

Financial

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        "Jun'25",
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          "chgp": "13.21%",
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          "val2": "188.11",
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          "field": "Interest",
          "val1": "106.79",
          "val2": "109.93",
          "chgp": "-2.86%",
          "chgp_class": "positive"
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        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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        {
          "field": "Standalone Net Profit",
          "val1": "-29.87",
          "val2": "-36.76",
          "chgp": "18.74%",
          "chgp_class": "positive"
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          "field": "Operating Profit Margin (Excl OI)",
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      {
        "prefix": "Net Sales ",
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        "dir": 0
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        "prefix": "Standalone Net Profit ",
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        "dir": 0
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        "Sep'25",
        "Sep'24",
        "Change(%)"
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          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "396.00",
          "val2": "288.83",
          "chgp": "37.10%",
          "chgp_class": "positive"
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          "field": "Interest",
          "val1": "216.73",
          "val2": "152.94",
          "chgp": "41.71%",
          "chgp_class": "negative"
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          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
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        {
          "field": "Standalone Net Profit",
          "val1": "-66.62",
          "val2": "-94.56",
          "chgp": "29.55%",
          "chgp_class": "positive"
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          "field": "Operating Profit Margin (Excl OI)",
          "val1": "60.05%",
          "val2": "58.41%",
          "chgp": "1.64%",
          "chgp_class": "positive"
        }
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  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Mar'25",
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        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
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        "prefix": "Standalone Net Profit ",
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        "Mar'25",
        "",
        "Change(%)"
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          "field": "Net Sales",
          "val1": "791.39",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
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        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "458.79",
          "val2": "NA",
          "chgp": "NA",
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        {
          "field": "Interest",
          "val1": "244.09",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
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        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "NA",
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          "field": "Standalone Net Profit",
          "val1": "-125.89",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "57.97%",
          "val2": "NA%",
          "chgp": "NA",
          "chgp_class": "neutral"
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  {
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    "btn_text": "All Annual Results",
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      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
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        "Mar'25",
        "Mar'24",
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          "val2": "226.33",
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          "val2": "256.00",
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Quarterly Results Snapshot (Standalone) - Sep'25 - QoQ

Sep'25

Jun'25

Change(%)

Net Sales

350.14

309.29

13.21%

Operating Profit (PBDIT) excl Other Income

207.89

188.11

10.52%

Interest

106.79

109.93

-2.86%

Exceptional Items

0.00

Standalone Net Profit

-29.87

-36.76

18.74%

Operating Profit Margin (Excl OI)

59.37%

60.82%

-1.45%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Sep 2025 is 13.21% vs 4.16% in Jun 2025

Standalone Net Profit

QoQ Growth in quarter ended Sep 2025 is 18.74% vs -17.33% in Jun 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) - Mar'25

Mar'25

Change(%)

Net Sales

791.39

Operating Profit (PBDIT) excl Other Income

458.79

Interest

244.09

Exceptional Items

0.00

Standalone Net Profit

-125.89

Operating Profit Margin (Excl OI)

57.97%

NA%

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'25

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

Standalone Net Profit

-139.62

-341.51

59.12%

Operating Profit Margin (Excl OI)

58.20%

27.25%

30.95%

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 Annual Results

Company CV

About Indiqube Spaces Ltd

Indiqube Spaces Ltd

Small Cap

Diversified Commercial Services

No Details Available.

Company Coordinates

No Company Details Available

Indiqube Spaces

1Day

52 Week

CASH

FII

DII

Promoter

Are Indiqube Spaces latest results good or bad?

Watch in Real-Time

How has been the historical performance of Indiqube Spaces?

Should I buy, sell or hold Indiqube Spaces?

Is Indiqube Spaces overvalued or undervalued?

Which are the latest news on Indiqube Spaces?

Why is Indiqube Spaces falling/rising?

MarketsMojo — Loved in India, Now Global

Dashboard

With HIgh Debt (Debt-Equity Ratio at 7.78 times)- the company has a Weak Long Term Fundamental Strength

With ROCE of 2.7, it has a Expensive valuation with a 1.8 Enterprise value to Capital Employed

Falling Participation by Institutional Investors

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

Returns Beta

News

Indiqube Spaces Sees Revision in Market Evaluation Amid Mixed Financial Signals

Is Indiqube Spaces overvalued or undervalued?

Is Indiqube Spaces overvalued or undervalued?

Announcements

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Standalone) - Sep'25 - QoQ

Half Yearly Results Snapshot (Standalone) - Sep'25

Nine Monthly Results Snapshot (Standalone) - Mar'25

Annual Results Snapshot (Standalone) - Mar'25

About Indiqube Spaces Ltd

Company Coordinates