Indiqube Spaces Ltd
Incorporated in 2015, IndiQube Spaces Ltd provides workplace solutions to its clients.[1]
- Market Cap ₹ 3,668 Cr.
- Current Price ₹ 174
- High / Low ₹ 244 / 164
- Stock P/E
- Book Value ₹ 26.0
- Dividend Yield 0.00 %
- ROCE 4.76 %
- ROE -234 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 6.68 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.56%
* 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
Services Services Commercial Services & Supplies Diversified Commercial Services
Part of BSE IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 240 | 294 | 351 | 580 | 831 | 1,059 | 1,346 | |
| 216 | 252 | 310 | 343 | 604 | 443 | 543 | |
| Operating Profit | 24 | 42 | 42 | 237 | 226 | 617 | 803 |
| OPM % | 10% | 14% | 12% | 41% | 27% | 58% | 60% |
| 0 | 1 | 2 | 22 | 37 | 44 | 63 | |
| Interest | 18 | 22 | 24 | 188 | 256 | 330 | 420 |
| Depreciation | 25 | 37 | 39 | 298 | 392 | 487 | 599 |
| Profit before tax | -19 | -16 | -19 | -228 | -385 | -157 | -153 |
| Tax % | -16% | 0% | 0% | -13% | -11% | -11% | |
| -16 | -16 | -19 | -198 | -342 | -140 | -115 | |
| EPS in Rs | |||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 44% |
| TTM: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -234% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.16 | 0.16 | 0.16 | 0.18 | 0.18 | 13 | 21 |
| Reserves | 65 | 49 | 130 | -308 | 129 | -23 | 529 |
| 121 | 154 | 78 | 2,926 | 3,050 | 4,095 | 4,770 | |
| 264 | 245 | 319 | 352 | 489 | 600 | 698 | |
| Total Liabilities | 450 | 448 | 526 | 2,969 | 3,668 | 4,685 | 6,019 |
| 248 | 238 | 281 | 2,546 | 3,085 | 3,955 | 4,688 | |
| CWIP | 0 | 0 | 0 | 24 | 79 | 114 | 118 |
| Investments | 2 | 2 | 2 | 1 | 1 | 0 | 0 |
| 200 | 208 | 243 | 398 | 503 | 616 | 1,214 | |
| Total Assets | 450 | 448 | 526 | 2,969 | 3,668 | 4,685 | 6,019 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 47 | 39 | 44 | 324 | 542 | 612 | |
| -105 | -53 | -42 | -174 | -193 | -259 | |
| 34 | 14 | -5 | -149 | -365 | -337 | |
| Net Cash Flow | -24 | -1 | -2 | 1 | -15 | 15 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 18 | 26 | 28 | 21 | 26 | 27 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 18 | 26 | 28 | 21 | 26 | 27 |
| Working Capital Days | -176 | -167 | -167 | -207 | -200 | -208 |
| ROCE % | 4% | 2% | -3% | -4% | 5% |
Documents
Announcements
-
Intimation Under Regulation 30(5)
25 Feb - Company Secretary Pranav Kuttiyat and GM Bhavna Srivastava resigned effective Feb 25, 2026; authorized persons updated.
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
25 Feb - Company Secretary Pranav Kuttiyat and GM Bhavna Srivastava resigned effective Feb 25, 2026; authorized persons updated.
-
Resignation Of SMP
25 Feb - Company Secretary Pranav Kuttiyat and GM Bhavna Srivastava resigned effective Feb 25, 2026; CEO, CFO authorized.
-
Voluntary Intimation Regarding Proposed Acquisition Of Equity Shares By Members Of Promoter/Promoter Group
16 Feb - Promoter group may purchase shares from open market; SEBI-compliant voluntary intimation dated 16-Feb-2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 13 Feb
Annual reports
Concalls
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
Business Overview:[1]
IQSL is a managed workplace solutions provider offering tech-driven, sustainable office services aimed at reimagining traditional workspaces. Key offerings include:
a) Workspace Leasing:
Hubs: Centralised offices for core teams
Spokes: Regional branch offices