Indiqube Spaces

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.

When is the next results date for Indiqube Spaces Ltd?

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.

Why is Indiqube Spaces Ltd falling/rising?

As of 08-Feb, Indiqube Spaces Ltd's stock price has risen slightly to Rs 173.30, but it faces significant challenges, including a 1.53% decline over the past week and a 16.52% drop in the last month. Key financial indicators, such as a high debt-to-equity ratio and low return on capital employed, suggest weak long-term prospects despite today's minor uptick.

As of 08-Feb, Indiqube Spaces Ltd is experiencing a slight rise in its stock price, currently at Rs 173.30, reflecting a change of 0.3 (0.17%) upward. However, this increase occurs against a backdrop of significant challenges for the company. Over the past week, the stock has declined by 1.53%, and in the last month, it has fallen by 16.52, indicating a broader trend of decreasing value. <BR><BR>Despite today's performance showing an outperformance against its sector by 1.37%, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically suggests a bearish sentiment. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 23.73% compared to the 5-day average, which may indicate waning interest from investors.<BR><BR>The company's financial health raises concerns, particularly with a high debt-to-equity ratio of 7.78 times, suggesting weak long-term fundamental strength. Although the operating cash flow and net sales have reached their highest levels, the company's long-term growth prospects appear poor, with net sales growing at an annual rate of only 27.50% and operating profit stagnating at 0% over the last five years. Furthermore, the return on capital employed (ROCE) is low at 2.7, and the enterprise value to capital employed ratio indicates an expensive valuation.<BR><BR>In summary, while there is a minor uptick in the stock price today, the overall trend and financial indicators suggest that Indiqube Spaces Ltd is facing significant challenges that could lead to further declines in the future.

Which are the latest news on Indiqube Spaces?