INDIQUBEServices

Indiqube Spaces Limited

Diversified Commercial Services · ISIN INE06ST01018 · BSE 544454 · NSE EQ · FV ₹1
Last price
₹202
+1.15%today
What this company does

Indiqube Spaces Limited operates in Diversified Commercial Services, part of the Services sector. It booked ₹423 cr of revenue in its latest quarter (Q1 FY27) and kept -5.7% of sales as profit.

The Company is primarily carrying out leasing of managed commercial operated throughout the year for all relevant transactions recorded in the software.
In the report:
26out of 100
Equitytale Health Score
Fragile

Healthier than 26% of companies in Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 85–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
65

At close. Not part of the score.

Profitability & returns14

How much profit it earns on the money it employs

Balance sheet17

How much it owes, and whether earnings cover the interest

Valuation10

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 37% vs last year
Promoters hold 60%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -5.7% net margin
! Low -18.6% return on equity

What if I invest in INDIQUBE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹202 +1.15%
latest close · 2026-09-17
52-wk low ₹16442 sessions so far52-wk high ₹210
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio8.34High
Below bookModerateHigh
EV / EBITDA4.0Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-18.6%Loss
WeakFairStrong ▸15%
Return on capital7.0%Weak
WeakFairStrong
Net margin-5.7%Loss
ThinDecentStrong
EBITDA margin67.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.56Moderate
LowModerateHigh ▸1
Interest cover0.8×Risky
RiskyOkayStrong ▸5×
Current ratio0.62Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹4,292 cr
Book value
₹24
EPS
₹-1.13
latest quarter
Net debt
₹218 cr
owes more than its cash
Enterprise value
₹4,510 cr
EBITDA
₹1,138 cr
annualised
EBIT
₹387 cr
annualised
Operating margin
22.9%
Return on assets
-1.5%
Earnings yield
P/S
2.54
Sales / share
₹79.8
Tax rate
Face value
₹1
Shares
21.2 cr
Working capital
₹-382 cr
Current assets
₹620 cr
Current liabilities
₹1,002 cr
Delivery %
61.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.
Models span ₹251₹251, midpoint ₹251

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹423 cr
Other Income₹26 cr
Total Income₹449 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹28 cr
Inventory Change (±)₹-23.8 L
Employee Benefit Expense₹24 cr
Finance Costs₹127 cr
Depreciation & Amortisation₹188 cr
Other Expenses₹113 cr
Total Expenses₹479 cr
Profit before Tax₹-31 cr
Tax Expense₹-7 cr
Net Profit₹-24 cr
Net margin on total income-5.3%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹27 cr5.7%
Employee benefit expense₹24 cr4.9%
Finance costs₹127 cr26.5%
Depreciation & amortisation₹188 cr39.2%
Other expenses₹113 cr23.6%
Total income ₹449 cr

The company made a net loss of ₹24 cr this quarter — income covered only 94 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue390 cr401 cr423 cr
Total income411 cr426 cr449 cr
Expenses434 cr450 cr479 cr
Profit before tax-23 cr-24 cr-31 cr
Tax-6 cr-1 cr-7 cr
Net profit (owners' share)-17 cr-23 cr-24 cr
Net margin (owners' share, on revenue)-4.4%-5.6%-5.7%
EPS (₹)-0.81-1.07-1.13
YoY (latest quarter): total income +38.5% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹6,511 cr
Shareholder equity
₹515 cr
parent shareholders
Total debt
₹290 cr
Cash
₹72 cr
Cash flow · H1 FY26
Operating
₹429 cr
Investing
₹-616 cr
Financing
₹229 cr
Peer comparison
Diversified Commercial Services · by market value
CompanyPriceMarket capP/E
International Gemological Institute Limited₹315₹13,591 cr20.5
WeWork India Management Limited₹683₹9,464 cr
Nesco Limited₹1,082₹7,619 cr19.1
Inox Green Energy Services Limited₹175₹7,012 cr43.2
Indiabulls Limited₹30₹6,637 cr11.6
Bluspring Enterprises Limited₹124₹6,520 cr
Smartworks Coworking Spaces Limited₹520₹5,941 cr113.0
LEAP India Limited₹136₹5,619 cr56.8
Quess Corp Limited₹353₹5,272 cr16.0
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
60.1%
FII / Foreign
2.2%
DII / Domestic
14.3%
Retail / others
23.4%
Promoter stake down 0.5% over the last 5 quarters.
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 12 Aug 2026
See the official result
1
To receive, consider and adopt audited financial statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
7.23 cr votes for, 63 against · 0% of mutual funds and other big investors said no
2
To appoint a director in place of Mr. Anshuman Das (DIN: 00420772), who retires by rotation and being eligible, offers himself for re-appointment
Backed by 89% of shareholders other than promotersneeded 50%
6.47 cr votes for, 76.50 L against · 25% of mutual funds and other big investors said no
3
To appoint Ms. Varsha V Shenoy, Practicing Company Secretary, as Secretarial Auditors for the term of 5 (Five) consecutive years
Backed by 100% of shareholders other than promotersneeded 50%
7.23 cr votes for, 63 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 29 named members
owning 60.1% between them · as of 2026-06-30
Anshuman Das21.81%
Meghna Agarwal15.89%
Rishi Das15.85%
Careernet Technologies Private Limited4.47%
Hirepro Consulting Private Limited1.86%
A4 Family Trust0.07%
MMARS Trust0.07%
SRI Family Trust0.07%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.