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Swing Capital

Indiqube Spaces Ltd

NSE: INDIQUBE BSE: 544454

Indiqube Spaces Ltd (INDIQUBE) is a Diversified company listed on NSE: INDIQUBE | BSE: 544454. With a market cap of ₹3,615 Cr and ROCE of 4.76%, ROE of 234%, it operates in the Indian Diversified sector.

₹170
52W: ₹131 — ₹244
PE 0 · Book ₹26 · +554% vs book
Market Cap₹3,615 Cr
Stock P/E—Price to Earnings
ROCE4.76%Return on Capital
ROE234%Return on Equity
Div. Yield0%Face Value ₹1

Weaknesses

  • −Stock is trading at 6.61 times its book value
  • −Company has low interest coverage ratio.

Shareholding Pattern

Promoters60.1%
FIIs2.18%
DIIs14.69%
Public23.03%
CategorySep 2025Dec 2025Mar 2026
Promoters60.6%60.04%▼0.660.1%▲0.1
FIIs2.67%2.3%▼0.42.18%▼0.1
DIIs14.37%14.66%▲0.314.69%▲0.0
Public22.35%23%▲0.623.03%▲0.0

Financial Statements

MetricJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales242252268297309350390
Expenses98107110127121142153
Operating Profit144145158170188208237
OPM %59%57%59%57%61%59%61%
Net Profit-42-53-14-31-37-30-17
EPS ₹0000-2.01-1.42-0.81

AI Insights

Revenue Trend

TTM revenue at ₹1,346Cr, up 27.1% YoY. OPM at 60%.

Debt Position

Borrowings at ₹4,770Cr. Debt-to-equity ratio: 9.02x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹118Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Margin & Efficiency

ROCE improving from 0% (Mar 2020) to 5% (Mar 2025). Working capital days: -208.

Recent Announcements