INDIQUBE SPACES LIMITED
₹169.50-₹3.35 (-1.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹4,313 Cr
- EV / EBITDA
- 27.6x
- Revenue
- ₹1,059 Cr
- Net margin
- -41.2%
- ROCE
- 7.1%
Price chart
Technical chartScreen technicals →-20.6% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -14.2%
- 3M
- -1.1%
- 6M
- -2.2%
- 1Y
- -20.6%
- 5Y
- -22.1%
52-week range
Day change -₹3.35 (-1.9%) from ₹173 to ₹170 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in INDIQUBE, bought on each weekday since 2025.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 28.2%
Concerns1
- Low interest coverage ratio of 0.9x
Rule-based from financial data. Not advice.
About the company
IndiQube Spaces Limited provides workplace solutions and value-added services in India. It engages in the business of leasing of network of shared workspaces of fully or partly equipped premises.
Read moreShow less
IndiQube Spaces Limited provides workplace solutions and value-added services in India. It engages in the business of leasing of network of shared workspaces of fully or partly equipped premises. The company also provides customized design and build solutions; facility management, asset maintenance, plantation to catering, and transportation services for the employees; MiQube platform to manage, operate, and optimize office spaces; and IndiQube Cornerstone, a property and asset management solution. It serves global capability centers, corporates, and unicorns, as well as information technology/information technology enabled services, manufacturing, automotive, engineering, aviation, banking, financial services and insurance, consulting, e-commerce, educational technology, logistics, pharmaceuticals, and healthcare industries. The company was founded in 1999 and is based in Bengaluru, India.
- Sector
- Construction & Real Estate
- Shares outstanding
- 21.1 Cr shares
- ISIN
- INE06ST01018
- BSE code
- 544454
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹4,313 Cr
- P/B
- 7.8x
- EV / EBITDA
- 27.6x
- EV / Sales
- 8.7x
- P/S
- 5.2x
- 52-week high
- ₹229.95
- 52-week low
- ₹134.05
Profitability
- Operating margin
- 27.2%
- Net margin
- -41.2%
- EBITDA margin
- 31.6%
- ROE
- -264.7%
- ROCE
- 7.1%
- ROA
- -9.3%
- Dividend payout
- 0.0%
- Tax rate
- -11.0%
- Other income, % of PBT
- -9.6%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,059 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 27.4%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 28.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹263 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -59.1%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹542 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 67.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹15.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 23.5%
Solvency and efficiency
- Current ratio
- 1.03
- Debt / Equity
- 23.61
- Debt / Assets
- 0.83
- Debt / EBITDA
- 11.60
- Interest coverage
- 0.88
- Financial leverage
- 28.39
- CFO / Net profit
- -1.58
- Cash / Market cap
- 11.7%
- Cash per share
- ₹23.79
- Asset turnover
- 0.23
- Fixed asset turnover
- 0.27
- Capital intensity
- 3.71
- Debtor days
- 26 days
- Cash conversion cycle
- 26 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹1,059 Cr |
| Expenses | ₹443 Cr |
| Operating profit | ₹617 Cr |
| Other income | ₹44 Cr |
| Interest | ₹330 Cr |
| Depreciation | ₹487 Cr |
| Profit before tax | -₹157 Cr |
| Tax and other | -₹17 Cr |
| Net profit | -₹140 Cr |
Revenue and net profit
Revenue grew 27.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹294 Cr | -₹16 Cr |
| FY2022 | ₹351 Cr | -₹19 Cr |
| FY2023 | ₹580 Cr | -₹198 Cr |
| FY2024 | ₹831 Cr | -₹342 Cr |
| FY2025 | ₹1,059 Cr | -₹140 Cr |
Cash flows
FY2025: ₹612 Cr from operations, ₹353 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹39 Cr | -₹14 Cr |
| FY2022 | ₹44 Cr | ₹2 Cr |
| FY2023 | ₹324 Cr | ₹150 Cr |
| FY2024 | ₹542 Cr | ₹349 Cr |
| FY2025 | ₹612 Cr | ₹353 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,059 Cr+27.4%1Y
- Net profit
- -₹140 Cr
- Cash from operations
- ₹612 Cr
- Free cash flow
- ₹353 Cr+1.1%1Y
- Revenue CAGR, 5Y
- 28.2%
- EBITDA CAGR, 5Y
- 61.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,059 Cr | ₹617 Cr | — | -₹140 Cr | ₹612 Cr | ₹353 Cr | 1400.0% | +27.4% | -59.1% |
Monthly returns
Month-by-month returns of INDIQUBE across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹4,685 Cr |
| Equity capital | ₹13 Cr |
| Reserves | -₹23 Cr |
| Borrowings | ₹4,095 Cr |
| Other liabilities | ₹600 Cr |
| Assets | ₹4,685 Cr |
| Fixed assets | ₹3,955 Cr |
| Capital work in progress | ₹114 Cr |
| Investments | ₹0 Cr |
| Other assets | ₹616 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
INDIQUBE has no positive P/E; the peer median is 55.8x.
Not shown (no positive earnings and no EV / Sales): INDIQUBE SPACES LIMITED, TARC LIMITED, Hemisphere Properties India Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| INDIQUBE SPACES LIMITEDINDIQUBEthis company | ₹4,313 Cr | — | 7.8x | -264.7% | 27.6x |
| TARC LIMITEDTARC | ₹5,156 Cr | — | 4.7x | 1.0% | 78.4x |
| MAN INFRACONSTRUCTION LIMITEDMANINFRA | ₹4,787 Cr | 27.6x | 2.3x | 14.5% | 16.1x |
| J. Kumar Infraprojects LimitedJKIL | ₹4,186 Cr | 10.3x | 1.3x | 12.5% | 5.5x |
| Optiemus Infracom LimitedOPTIEMUS | ₹4,126 Cr | 179.0x | 6.4x | 5.9% | 112.3x |
| Hemisphere Properties India LimitedHEMIPROP | ₹3,891 Cr | — | 8.9x | -2.8% | -676.2x |
| National Standard (India) LimitedNATIONSTD | ₹3,856 Cr | 351.0x | 13.9x | 5.8% | 190.1x |
| Ajmera Realty & Infra India LimitedAJMERA | ₹3,588 Cr | 29.8x | 3.1x | 10.9% | 24.2x |
| AGI Infra LimitedAGIIL | ₹3,512 Cr | 45.7x | 10.4x | 23.2% | 41.0x |
| Peer median | — | 55.8x | 3.7x | 6.8% | 32.9x |
Year-to-date ROI
INDIQUBE since 1 January, against earlier years.
Historical volatility
INDIQUBE's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 14.0% |
| FY2022 | 12.0% |
| FY2023 | 41.0% |
| FY2024 | 27.0% |
| FY2025 | 58.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,059 Cr |
| Costs | |
| Interest | ₹330 Cr |
| Expenses | ₹443 Cr |
| Operating profitOperating Profit | ₹617 Cr |
| Other income and charges | |
| Profit before tax | -₹157 Cr |
| Tax | |
| Net profitNet Profit | -₹140 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹4,685 Cr |
| Equity capitalEquity Capital | ₹13 Cr |
| Reserves | -₹23 Cr |
| Borrowings | ₹4,095 Cr |
| Other liabilitiesOther Liabilities | ₹600 Cr |
| AssetsTotal Assets | ₹4,685 Cr |
| Fixed assetsFixed Assets | ₹3,955 Cr |
| Capital work in progressCWIP | ₹114 Cr |
| Investments | ₹0 Cr |
| Other assetsOther Assets | ₹616 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹612 Cr |
| Investing cash flowCash from Investing Activity | -₹259 Cr |
| Financing cash flowCash from Financing Activity | -₹337 Cr |
| Change in cashNet Cash Flow | ₹15 Cr |
Learn while you research
Academy chapters picked for INDIQUBE SPACES LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing27% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Leverage RatiosDebt/Equity of 23.61 is elevated, understand what that means for solvency.6 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read