Indiqube Spaces Limited
NSE: INDIQUBE · Diversified Commercial Services · sector
₹160.18NSE close 2026-10-26
Key numbers
Market cap₹3,396 cr
Price₹160.18
52w high / low₹232 / ₹131
P/E–Sector median 13.0x
P/B6.6xSector median 1.6x
Book value₹24.3
Dividend yield–Sector median 1.73%
ROE-18.2%Sector median 3.4%
ROCE43.4%Sector median 8.1%
OPM60.8%Sector median 15.0%
Debt / equity0.56xSector median 0.07x
EV/EBITDA3.5xSector median 7.9x
Interest cover0.8x
Current ratio0.62x
Sales growth 3y–Sector median +12.9%
Profit growth 3y–Sector median +19.1%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 95 companies in Diversified Commercial Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹385 cr vs borrowings ₹290 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 0.8x in the last 12 months.
- Net loss in 5 of the last 5 quarters.
- No dividend in the last 1 financial years.
- Price ₹160.18 on 2026-10-26: -31.0% from the 52-week high, +22.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹233.34 · low ₹135.56
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 309 | 350 | 390 | 401 | 423 |
| EBITDA | 188 | 208 | 237 | 248 | 258 |
| OPM % | 60.8% | 59.4% | 60.8% | 61.8% | 61.1% |
| Other income | 15 | 16 | 21 | 24 | 26 |
| Net profit | -37 | -30 | -17 | -23 | -24 |
| EPS (₹) | -2.01 | -1.48 | -0.81 | -1.07 | -1.13 |
| Revenue YoY | +36.7% | ||||
| Profit YoY | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY26 | TTM |
|---|---|---|
| Revenue | 1,451 | 1,564 |
| EBITDA | 881 | 952 |
| Net profit | -106 | -93 |
| EPS (₹) | -5.28 | -4.49 |
| Dividend / share (₹) | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | -28.3% |
Balance sheet
| ₹ cr | FY26 |
|---|---|
| Shareholders' equity | 515 |
| Borrowings | 290 |
| Cash & equivalents | 385 |
| Total assets | 6,511 |
| Fixed assets | 933 |
| Capital work in progress | 96 |
| Investments | 0 |
| Receivables | 113 |
| Inventory | 1 |
| Payables | 80 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY26 |
|---|---|
| Cash from operations | 920 |
| Cash from investing | -737 |
| Cash from financing | -178 |
| Capex | 414 |
| Free cash flow | 507 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY26 |
|---|---|
| ROE % | -20.7% |
| ROCE % | 38.8% |
| Debtor days | 28 |
| Inventory days | 3 |
| Payable days | 304 |
| Cash conversion cycle (days) | -273 |
| Working capital days | -96 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 60.12% |
| FIIs | 1.89% |
| DIIs | 13.86% |
| of which Mutual funds | 8.60% |
| of which Insurance | 0.82% |
| Government | 0.00% |
| Public (non-institutions) | 24.14% |
| Quarter | Jul 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|
| Promoters % | 60.60% | 60.60% | 60.04% | 60.10% | 60.11% | 60.12% |
| Promoter group | % |
|---|---|
| Anshuman Das | 21.81% |
| Meghna Agarwal | 15.90% |
| Rishi Das | 15.85% |
| Careernet Technologies Private Limited | 4.47% |
| Hirepro Consulting Private Limited | 1.86% |
| A4 Family Trust | 0.07% |
| MMARS Trust | 0.07% |
| SRI Family Trust | 0.07% |
| Ashu Agarwal | 0.03% |
| Ranjana Das | 0.00% |
| Ramakant Agarwal | 0.00% |
| Bimla Agarwal | 0.00% |
| Nishu Agarwal | 0.00% |
| Ananya Agarwal | 0.00% |
| Siddharth Agarwal | 0.00% |
| Public holders above 1% | % |
|---|---|
| Aravali Investment Holdings | 19.14% |
| Westbridge AIF I | 4.23% |
| Invesco India Infrastructure Fund | 1.83% |
| Bandhan Large & MID CAP Fund | 1.73% |
| ICICI Prudential Smallcap Fund | 1.59% |
| Motilal Oswal Large CAP Fund | 1.41% |
| Aditya Birla SUN Life Mutual Fund - Aditya Birla SUN Life Small CAP Fund | 1.13% |
23,140 shareholders. Pledged: – of promoter shares.
Peers in Diversified Commercial Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| IGIL | ₹16,651 cr | 25.0x | 9.5x | 44.5% | 51.7% | 61.5% | – | 1.93% |
| WEWORK | ₹8,640 cr | 99.1x | 29.0x | 28.3% | 111.2% | 64.6% | – | – |
| IBULLSLTD | ₹6,919 cr | – | 1.1x | -0.4% | – | – | +918.1% | – |
| NESCO | ₹6,699 cr | 16.1x | 2.2x | 14.8% | 18.3% | 50.8% | +19.5% | 0.69% |
| NIRLON | ₹5,679 cr | 15.9x | 12.1x | 86.5% | 29.8% | 77.5% | +5.3% | 4.12% |
| RENTOMOJO | ₹5,292 cr | – | – | – | – | – | – | – |
| LEAPIND | ₹5,209 cr | – | – | – | – | – | – | – |
| SMARTWORKS | ₹5,085 cr | 182.4x | 9.6x | 5.2% | 56.6% | 64.2% | – | – |
| QUESS | ₹4,827 cr | 19.1x | 4.1x | 22.4% | 27.2% | 2.0% | -3.7% | – |
| INDIQUBE | ₹3,396 cr | – | 6.6x | -18.2% | 43.4% | 60.8% | – | – |
Documents
- Annual report FY26
- Annual report FY25
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Services |
| Industry | Diversified Commercial Services |
| Sub-industry | Diversified Commercial Services |
| Symbol | INDIQUBE |
| BSE code | 544454 |
| ISIN | INE06ST01018 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.