Indiqube Spaces

  • Market Cap: Small Cap
  • Industry: Diversified Commercial Services
  • ISIN: INE06ST01018
  • NSEID: INDIQUBE
  • BSEID: 544454
INR
184.80
3.55 (1.96%)
BSENSE

Aug 10

BSE+NSE Vol: 2.96 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendationUpcoming Result: Indiqube Spaces will declare its result soon on 12 Aug 2026
stock-summaryPrice Point
High/Low

1Day

183.40191.60

52 Week

195.30243.80
Valuation
Technical
Day's Volume

CASH

2.96 lacs (158.74%) Volume

Shareholding (Jun 2026)

FII

2.16%

Held by 12 FIIs

DII

14.35%

Held by 14 DIIs

Promoter

60.11%

Are Indiqube Spaces latest results good or bad?

09-Nov-2025

Indiqube Spaces' latest results show strong revenue growth of 44.52% year-on-year, reaching ₹350.14 crores, but the company continues to face profitability challenges with a net loss of ₹29.87 crores for the quarter, marking its eighth consecutive loss. While revenue growth is promising, ongoing financial difficulties raise concerns about its long-term stability and path to profitability.

Indiqube Spaces' latest results present a mixed picture. On one hand, the company has shown significant revenue growth, with net sales increasing by 44.52% year-on-year, reaching ₹350.14 crores in Q2 FY26. This marks the highest quarterly revenue in the company's history, indicating strong demand for its co-working solutions and successful expansion efforts.<BR><BR>However, the company continues to face challenges with profitability, reporting a net loss of ₹29.87 crores for the quarter. While this represents a 43.13% improvement year-on-year and an 18.75% reduction from the previous quarter, it still raises concerns as this marks the eighth consecutive quarter of losses. The operating margin, although strong at 59.37%, has contracted slightly from the previous quarter due to rising employee costs.<BR><BR>Additionally, the company has a negative book value, which raises questions about its financial stability. The heavy interest burden and high depreciation costs further complicate its path to profitability. <BR><BR>In summary, while Indiqube Spaces is experiencing robust revenue growth and improving operational efficiency, the ongoing losses and financial challenges suggest that the overall results are not entirely positive. The sustainability of its growth strategy and the timeline to profitability remain uncertain.

Read More

How has been the historical performance of Indiqube Spaces?

13-Nov-2025

Indiqube Spaces has shown significant improvement in net sales and operating profit over the past two years, with net sales rising to 1,059.29 Cr and operating profit reaching 660.20 Cr. However, the company still reported a loss before tax of -157.30 Cr and faces challenges with increasing liabilities.

Answer:<BR>The historical performance of Indiqube Spaces shows significant changes over the past two years.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2025, Indiqube Spaces reported net sales of 1,059.29 Cr, an increase from 830.57 Cr in March 2024. The total operating income also rose to 1,059.29 Cr from 830.57 Cr, while total expenditure decreased to 442.74 Cr from 604.24 Cr. This led to a substantial increase in operating profit (PBDIT), which reached 660.20 Cr compared to 263.42 Cr the previous year. However, the company still reported a loss before tax of -157.30 Cr, an improvement from -384.82 Cr in the prior year, and a profit after tax of -139.62 Cr, up from -341.51 Cr. The earnings per share improved significantly to -10.72 from -1897.28. On the balance sheet, total liabilities increased to 4,558.71 Cr from 3,567.34 Cr, while total assets also rose to 4,558.71 Cr from 3,567.34 Cr. The cash flow from operating activities improved to 611.00 Cr from 542.00 Cr, indicating better operational efficiency, although the net cash inflow was minimal at 15.00 Cr. Overall, while Indiqube Spaces has shown improvement in sales and operational metrics, it continues to face challenges with profitability and increasing liabilities.

Read More

Should I buy, sell or hold Indiqube Spaces?

15-Nov-2025

Is Indiqube Spaces overvalued or undervalued?

17-Nov-2025

As of November 14, 2025, Indiqube Spaces is considered overvalued with a negative PE ratio of -32.96 and a low ROE of -25.37%, especially when compared to peers like Altius Telecom, indicating significant financial challenges despite a recent stock return of 7.66%.

As of 14 November 2025, Indiqube Spaces has moved from a fair to an expensive valuation grade. The company is currently considered overvalued, with a PE ratio of -32.96, a Price to Book Value of 8.36, and an EV to EBITDA ratio of 14.40. These ratios indicate significant financial challenges, particularly the negative PE ratio and a low ROE of -25.37%, suggesting inefficiencies in generating profit relative to shareholder equity.<BR><BR>In comparison to its peers, Indiqube Spaces stands out unfavorably. For instance, Altius Telecom is rated very attractive with a PE of 51.5, while other competitors like Embassy Office REIT and Mindspace Business have very expensive valuations with PE ratios of 130.21 and 53.94, respectively. Despite a recent one-week stock return of 7.66% compared to the Sensex's 1.62%, the overall financial metrics and peer comparisons reinforce the conclusion that Indiqube Spaces is overvalued in the current market.

Read More

Which are the latest news on Indiqube Spaces?

03-Dec-2025
Indiqube Spaces Sees Revision in Market Evaluation Amid Mixed Financial Signals
Is Indiqube Spaces overvalued or undervalued?

Why is Indiqube Spaces falling/rising?

04-Dec-2025

As of 03-Dec, Indiqube Spaces Ltd's stock is declining at 206.50, down -0.41%, with a significant drop in investor participation and a bearish trend indicated by trading below moving averages. High debt levels and reduced institutional investment further reflect a lack of confidence in the company's future performance.

As of 03-Dec, Indiqube Spaces Ltd's stock price is falling, currently at 206.50, reflecting a change of -0.85 (-0.41%). The stock has been on a downward trend, having lost -10.20% over the past week and has experienced consecutive declines for the last five days. This performance is notably worse than the benchmark Sensex, which has only declined by -0.59% in the same period.<BR><BR>The stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume on December 2 falling by -73.82% compared to the 5-day average, suggesting reduced interest from traders.<BR><BR>While there are some positive operational metrics, such as the highest operating cash flow and profit margins, these are overshadowed by the company's high debt levels, as indicated by a debt-equity ratio of 7.78 times. This high debt burden contributes to a weak long-term fundamental strength, which is further exacerbated by poor growth in net sales and operating profit over the past five years. The company's return on capital employed (ROCE) is low at 2.7, and its valuation appears expensive with an enterprise value to capital employed ratio of 1.8.<BR><BR>Moreover, institutional investors have decreased their stake in the company by -17.87% over the previous quarter, which reflects a lack of confidence in the stock's future performance. Collectively, they now hold only 17.05% of the company, indicating a significant withdrawal of support from more knowledgeable market participants. This combination of factors contributes to the stock's current decline.

Read More
iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

With HIgh Debt (Debt-Equity Ratio at 7.78 times)- the company has a Weak Long Term Fundamental Strength

  • Poor long term growth as Net Sales has grown by an annual rate of 27.50% and Operating profit at 0% over the last 5 years
  • High Debt Company with a Debt to Equity ratio (avg) at 0 times
2

With ROCE of 4.4, it has a Expensive valuation with a 1.6 Enterprise value to Capital Employed

 
stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Diversified Commercial Services

stock-summary
Market cap

INR 3,951 Cr (Small Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

32

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

7.78

stock-summary
Return on Equity

-25.37%

stock-summary
Price to Book

7.36

Revenue and Profits:
Net Sales:
401 Cr
(Quarterly Results - Mar 2026)
Net Profit:
-23 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
9.38%
0%
9.38%
6 Months
4.5%
0%
4.5%
1 Year
-14.68%
0%
-14.68%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Indiqube Spaces for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
News
Indiqube Spaces Ltd Shows Mildly Bullish Momentum Amid Technical Shift

Indiqube Spaces Ltd Shows Mildly Bullish Momentum Amid Technical Shift

Indiqube Spaces Ltd, a small-cap player in the diversified commercial services sector, has exhibited a notable shift in its technical momentum, moving from a sideways trend to a mildly bullish stance. This change is underscored by improvements in key technical indicators such as the MACD and Bollinger Bands on the weekly timeframe, signalling a potential positive phase for the stock despite its recent underperformance relative to the Sensex year-to-date.

Read More
Indiqube Spaces Ltd Upgraded to Sell on Technical Improvement and Financial Performance

Indiqube Spaces Ltd Upgraded to Sell on Technical Improvement and Financial Performance

Indiqube Spaces Ltd, a small-cap player in the diversified commercial services sector, has seen its investment rating upgraded from Strong Sell to Sell as of 18 May 2026. This change reflects a nuanced shift in the company’s technical outlook amid persistent valuation and fundamental challenges. MarketsMOJO’s comprehensive analysis highlights improvements in technical indicators alongside ongoing concerns about financial leverage and long-term growth prospects.

Read More
Announcements stock-summary

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

05-Aug-2026 | Source : BSE

We wish to inform you that earnings conference call of Indiqube Spaces Limited for the quarter ended June 30 2026 has been scheduled for Thursday August 13 2026 at 02:00 p.m. (IST).

Board Meeting Intimation for Considering And Approving The Unaudited Financial Results Of Indiqube Spaces Limited For The Quarter June 30 2026

04-Aug-2026 | Source : BSE

Indiqube Spaces Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 inter alia to consider and approve the unaudited financial results of the Company for the quarter ended June 30 2026.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

15-Jul-2026 | Source : BSE

Press Release

Corporate Actions stock-summary
stock-summary
BOARD MEETING

12 Aug 2026

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
27.50%
EBIT Growth (5y)
178.00%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
6.76
Net Debt to Equity (avg)
-13.18
Sales to Capital Employed (avg)
0
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
16.51%
ROCE (avg)
3.42%
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
32
Price to Book Value
7.61
EV to EBIT
37.05
EV to EBITDA
9.92
EV to Capital Employed
1.64
EV to Sales
6.02
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
4.42%
ROE (Latest)
-20.66%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
RSI
No Signal
Bollinger Bands
Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Bullish
Dow Theory
No Trend
No Trend
OBV
Bullish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Jun 2026stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 9 Schemes (9.31%)

FIIs

Held by 12 FIIs (2.16%)

Promoter with highest holding

Anshuman Das (21.81%)

Highest Public shareholder

Aravali Investment Holdings (19.14%)

Individual Investors Holdings

2.44%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Mar'26 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Mar 2026 is 2.95% vs 11.37% in Dec 2025",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Mar 2026 is -32.69% vs 42.85% in Dec 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'26",
        "Dec'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "401.45",
          "val2": "389.94",
          "chgp": "2.95%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "248.07",
          "val2": "237.27",
          "chgp": "4.55%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "119.20",
          "val2": "112.33",
          "chgp": "6.12%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-22.65",
          "val2": "-17.07",
          "chgp": "-32.69%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "61.79%",
          "val2": "60.85%",
          "chgp": "0.94%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "659.43",
          "val2": "494.45",
          "chgp": "33.37%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "396.00",
          "val2": "288.83",
          "chgp": "37.10%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "216.73",
          "val2": "152.94",
          "chgp": "41.71%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-66.62",
          "val2": "-94.56",
          "chgp": "29.55%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "60.05%",
          "val2": "58.41%",
          "chgp": "1.64%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Dec'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,049.37",
          "val2": "762.34",
          "chgp": "37.65%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "633.27",
          "val2": "446.59",
          "chgp": "41.80%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "329.06",
          "val2": "239.21",
          "chgp": "37.56%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-83.69",
          "val2": "-108.29",
          "chgp": "22.72%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "60.35%",
          "val2": "58.58%",
          "chgp": "1.77%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'26",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2026 is 36.96% vs 27.54% in Mar 2025",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2026 is 23.84% vs 59.12% in Mar 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'26",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,450.81",
          "val2": "1,059.29",
          "chgp": "36.96%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "881.33",
          "val2": "616.55",
          "chgp": "42.95%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "448.26",
          "val2": "330.35",
          "chgp": "35.69%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-106.34",
          "val2": "-139.62",
          "chgp": "23.84%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "60.75%",
          "val2": "58.20%",
          "chgp": "2.55%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Standalone) - Mar'26 - QoQstock-summary
Mar'26
Dec'25
Change(%)
Net Sales
401.45
389.94
2.95%
Operating Profit (PBDIT) excl Other Income
248.07
237.27
4.55%
Interest
119.20
112.33
6.12%
Exceptional Items
0.00
0.00
Standalone Net Profit
-22.65
-17.07
-32.69%
Operating Profit Margin (Excl OI)
61.79%
60.85%
0.94%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Mar 2026 is 2.95% vs 11.37% in Dec 2025

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Mar 2026 is -32.69% vs 42.85% in Dec 2025

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary
Sep'25
Sep'24
Change(%)
Net Sales
659.43
494.45
33.37%
Operating Profit (PBDIT) excl Other Income
396.00
288.83
37.10%
Interest
216.73
152.94
41.71%
Exceptional Items
0.00
0.00
Standalone Net Profit
-66.62
-94.56
29.55%
Operating Profit Margin (Excl OI)
60.05%
58.41%
1.64%
Values in Rs Cr.
stock-summary Compare with Peers
Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Standalone) - Dec'25stock-summary
Dec'25
Dec'24
Change(%)
Net Sales
1,049.37
762.34
37.65%
Operating Profit (PBDIT) excl Other Income
633.27
446.59
41.80%
Interest
329.06
239.21
37.56%
Exceptional Items
0.00
0.00
Standalone Net Profit
-83.69
-108.29
22.72%
Operating Profit Margin (Excl OI)
60.35%
58.58%
1.77%
Values in Rs Cr.
stock-summary Compare with Peers
Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Standalone) - Mar'26stock-summary
Mar'26
Mar'25
Change(%)
Net Sales
1,450.81
1,059.29
36.96%
Operating Profit (PBDIT) excl Other Income
881.33
616.55
42.95%
Interest
448.26
330.35
35.69%
Exceptional Items
0.00
0.00
Standalone Net Profit
-106.34
-139.62
23.84%
Operating Profit Margin (Excl OI)
60.75%
58.20%
2.55%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2026 is 36.96% vs 27.54% in Mar 2025

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2026 is 23.84% vs 59.12% in Mar 2025

All Annual Resultsstock-summary
stock-summaryCompany CV
About Indiqube Spaces Ltd stock-summary
stock-summary
Indiqube Spaces Ltd
Small Cap
Diversified Commercial Services
No Details Available.
Company Coordinates stock-summary
Icon
No Company Details Available
Stock List
ABCDEFGHIJKLMNOPQRSTUVWXYZOther

Name: MOJO Markets Private Limited (Research Entity) (SEBI Registration No. INH000021942) (CIN:U74900MH2015PTC264951)

Registered & Correspondence Address: Benefice Business House, Office No. 3B, 3rd Floor, C.S. 242, Mathuradas Mills Estate, N.M. Joshi Marg, Tulsi Pipe Road, Lower Parel West, Mumbai- 400013

For queries or grievances, please contact us on support.ra@mojomarkets.in, Phone : 022-35121239

"Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors."