Indiqube Spaces Ltd

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Indiqube Spaces Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Indiqube Spaces Ltd

₹ 185 -1.10%
09 Nov - close price
indiqube.com BSE: 544454 NSE: INDIQUBE
About

Incorporated in 2015, IndiQube Spaces Ltd provides workplace solutions to its clients.[1]

Key Points

Business Overview:[1]
IQSL is a managed workplace solutions provider offering tech-driven, sustainable office services aimed at reimagining traditional workspaces.

Website BSE NSE
  • Market Cap ₹ 3,924 Cr.
  • Current Price ₹ 185
  • High / Low ₹ 232 / 131
  • Stock P/E
  • Book Value ₹ 23.0
  • Dividend Yield 0.00 %
  • ROCE 6.38 %
  • ROE -42.2 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 8.05 times its book value
  • Company has low interest coverage ratio.

* 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 Nifty IPO BSE Services

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Quarterly Results

Figures in Rs. Crores

Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
242.27 252.19 267.89 296.94 309.29 350.14 389.94 401.45 422.69 471.90
98.22 107.41 110.14 126.97 121.17 142.26 152.68 153.39 164.22 175.45
Operating Profit 144.05 144.78 157.75 169.97 188.12 207.88 237.26 248.06 258.47 296.45
OPM % 59.46% 57.41% 58.89% 57.24% 60.82% 59.37% 60.85% 61.79% 61.15% 62.82%
9.04 11.83 12.59 10.19 14.83 16.45 21.16 24.27 26.13 20.26
Interest 74.17 78.77 86.27 91.15 109.93 106.79 112.33 119.20 127.22 129.13
Depreciation 118.21 121.67 116.87 130.39 142.98 156.23 169.19 177.03 187.89 194.95
Profit before tax -39.29 -43.83 -32.80 -41.38 -49.96 -38.69 -23.10 -23.90 -30.51 -7.37
Tax % 7.00% 19.83% -58.14% -24.29% -26.44% -22.80% -26.10% -5.19% -21.73% -20.35%
-42.04 -52.52 -13.73 -31.33 -36.76 -29.87 -17.07 -22.65 -23.88 -5.87
EPS in Rs -2.01 -1.42 -0.81 -1.07 -1.13 -0.28
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Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
240 294 344 580 831 1,059 1,451 1,686
216 252 214 343 604 443 569 646
Operating Profit 24 42 130 237 226 617 881 1,040
OPM % 10% 14% 38% 41% 27% 58% 61% 62%
0 1 11 22 37 44 77 92
Interest 18 22 143 188 256 330 448 488
Depreciation 25 37 221 298 392 487 645 729
Profit before tax -19 -16 -224 -228 -385 -157 -136 -85
Tax % -16% 0% -16% -13% -11% -11% -22%
-16 -16 -188 -198 -342 -140 -106 -69
EPS in Rs -5.02 -3.29
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 38%
3 Years: 36%
TTM: 38%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 14%
TTM: 38%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -15%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -42%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 0.16 0.16 0.16 0.18 0.18 13 21 21
Reserves 65 49 -139 -308 129 -23 494 466
121 154 2,160 2,926 3,050 4,095 5,207 5,718
264 245 262 352 489 600 790 876
Total Liabilities 450 448 2,284 2,969 3,668 4,685 6,511 7,082
248 238 2,006 2,546 3,085 3,955 5,213 5,694
CWIP 0 0 26 24 79 114 96 116
Investments 2 2 2 1 1 0 0 0
200 208 250 398 503 616 1,202 1,272
Total Assets 450 448 2,284 2,969 3,668 4,685 6,511 7,082

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
47 39 202 324 542 612 920
-105 -53 -47 -174 -193 -259 -737
34 14 -176 -149 -365 -337 -178
Net Cash Flow -24 -1 -21 1 -15 15 6
Free Cash Flow -56 -15 155 152 353 355 494
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 250% 93% 160% 141% 231% 101% 108%

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 18 26 27 21 26 27 28
Inventory Days 3
Days Payable 304
Cash Conversion Cycle 18 26 27 21 26 27 -273
Working Capital Days -176 -167 -307 -207 -200 -208 -193
ROCE % 4% -7% -2% -4% 5% 6%

Insights

In beta
Mar 2023 Mar 2024 Mar 2025 Mar 2026
Area Under Management (AUM)
Mn Sq.ft.

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Number of Centers
Count
Number of Cities
Count
Number of Clients
Count
Occupied Area (Rent Yielding Area / RYA)
Mn Sq.ft.
Steady State Occupancy
%
VAS % of Revenue from Operations
%
Number of Seats (total capacity, AUM basis)
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

9 Recently
Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
60.60% 60.04% 60.10% 60.11% 60.12%
2.67% 2.30% 2.18% 2.16% 1.89%
14.37% 14.66% 14.69% 14.35% 13.86%
22.35% 23.00% 23.03% 23.39% 24.14%
No. of Shareholders 28,00724,46423,31923,86523,140

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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