Icodex Publishing Solutions Ltd
₹ 77.6
None%
19 Aug
- close price
About
Incorporated in 2018, Icodex Publishing Solutions Limited is engaged in the business of Software Product Development for Scholarly Publishing.[1]
Key Points
- Market Cap ₹ 121 Cr.
- Current Price ₹ 77.6
- High / Low ₹ 81.6 / 77.6
- Stock P/E 13.5
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 82.8 %
- ROE 64.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 64.6%
Cons
- Debtor days have increased from 66.6 to 82.4 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
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Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 4.96 | 8.18 | 9.54 | 10.40 | 21.88 | |
| 3.99 | 6.42 | 7.59 | 6.14 | 8.45 | |
| Operating Profit | 0.97 | 1.76 | 1.95 | 4.26 | 13.43 |
| OPM % | 19.56% | 21.52% | 20.44% | 40.96% | 61.38% |
| 0.23 | 0.04 | 0.18 | 0.59 | 0.20 | |
| Interest | 0.18 | 0.00 | 0.01 | 0.04 | 0.22 |
| Depreciation | 0.02 | 0.14 | 0.28 | 0.36 | 0.59 |
| Profit before tax | 1.00 | 1.66 | 1.84 | 4.45 | 12.82 |
| Tax % | 1.00% | 22.29% | 1.63% | 0.90% | 30.11% |
| 0.99 | 1.29 | 1.81 | 4.40 | 8.96 | |
| EPS in Rs | 9,900.00 | 12,900.00 | 18,100.00 | 44,000.00 | 7.32 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| TTM: | 110% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 91% |
| TTM: | 104% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 65% |
| Last Year: | 65% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 0.00 | 0.00 | 12.24 |
| Reserves | 1.12 | 2.38 | 4.19 | 8.59 | 6.81 |
| 0.00 | 0.00 | 0.02 | 0.88 | 2.99 | |
| 1.26 | 1.46 | 1.64 | 1.20 | 2.71 | |
| Total Liabilities | 2.38 | 3.84 | 5.85 | 10.67 | 24.75 |
| 0.27 | 0.71 | 0.77 | 0.62 | 5.35 | |
| CWIP | 0.00 | 0.00 | 0.53 | 3.38 | 8.85 |
| Investments | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1.61 | 3.13 | 4.55 | 6.67 | 10.55 | |
| Total Assets | 2.38 | 3.84 | 5.85 | 10.67 | 24.75 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 1.24 | 1.27 | 3.81 | 6.35 | ||
| -0.49 | -1.10 | -3.26 | -9.22 | ||
| 0.00 | 0.01 | 0.83 | 3.44 | ||
| Net Cash Flow | 0.75 | 0.19 | 1.38 | 0.57 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 65.49 | 53.55 | 69.25 | 48.08 | 82.41 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 65.49 | 53.55 | 69.25 | 48.08 | 82.41 |
| Working Capital Days | 8.09 | 0.45 | 21.04 | -2.46 | 28.69 |
| ROCE % | 94.86% | 56.15% | 65.64% | 82.77% |
Service Offerings[1]
Icodex's offerings span the entire publishing workflow—from manuscript preparation to print/digital content distribution—along with business process management (BPM) and IT infrastructure support.