| Annual Financials | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
Revenue  | 240 | 298 | 353 | 601 | 868 | 1,103 | 1,278 |
| Expenses | 216 | 254 | 310 | 343 | 604 | 443 | 501 |
| EBITDA | 24 | 43 | 44 | 258 | 263 | 660 | 778 |
| Operating Profit % | 10 % | 14 % | 12 % | 41 % | 27 % | 58 % | 59 % |
| Depreciation | 25 | 37 | 39 | 298 | 392 | 487 | 547 |
| Interest | 18 | 22 | 24 | 188 | 256 | 330 | 394 |
| Profit Before Tax | -19 | -16 | -19 | -228 | -385 | -157 | -163 |
| Tax | -3 | 0 | 0 | -30 | -43 | -18 | 12 |
| Net Profit | -16 | -16 | -19 | -198 | -342 | -140 | -112 |
| EPS in ₹ | -99.00 | -94.00 | -114.00 | -15.28 | -26.09 | -7.65 | -5.20 |
Indiqube Spaces
Indiqube Spaces
205.05
+0.08
(0.04%)
Market Cap
₹4,306.29 Cr
PE Ratio
-38.61
Volume
28,657.00
Day High - Low
₹206.58 - ₹198.49
52W High-Low
₹243.80 - ₹191.12
Key Fundamentals
Market Cap
4,306.29 Cr
EPS
-7.65
PB Ratio
7.84
Book Value
26.21
EBITDA
660.20
Dividend Yield
0.00 %
Industry
Commercial Services Sector
Diversified Services Return on Equity
4,487.85
Debt to Equity
55.96
Analyst Rating and Forecast
- By Refinitiv from4 analysts
Actual
Company News
View All News
IndiQube Spaces Reports 38% Revenue Growth and 74% EBITDA Jump in Q2 FY2026Nov 13, 2025
IndiQube Spaces Limited reported strong quarterly results with revenue reaching INR 354 crores, representing 38% year-on-year growth. EBITDA increased 74% year-on-year to INR 75 crores, while PAT margins improved to 8% from 3% in the same period last year. The company operates 9.14 million square feet across 125 centers in 16 cities, with 5.8 million square feet as rent-yielding area. Occupancy levels rose to 87% from 81% in the previous quarter. Cash flow from operations more than doubled to INR 151 crores compared to INR 64 crores last year. Value-added services contribution increased from 11% to 13% of total revenue. The company signed a 1.4 lakh square feet workspace lease in Bangalore and secured a 68,000 square feet design and build project in Hyderabad. Monthly churn remains at 0.01% with 800-plus clients comprising 40% GCCs and 60% Indian enterprises. The company expects the remaining 3.34 million square feet of signed area to become operational within 18-24 months, projecting 30% revenue growth over the next two years.
Indiqube Spaces Limited has issued a postal ballot notice seeking shareholder approval through remote e-voting to amend its Memorandum of Association. The company proposes to add solar energy business activities as a new object clause, including generating, developing, manufacturing, distributing, installing, and servicing solar energy systems and photovoltaic solutions. The amendment would enable the company to provide turnkey solar solutions, EPC services, consultancy, and after-sales support for residential, commercial, and industrial applications. The Board approved this proposal on November 8, 2025, citing business diversification strategy and future expansion plans. The e-voting period runs from November 12, 2025, at 9:00 AM to December 11, 2025, at 5:00 PM, with results to be declared by December 13, 2025. The resolution requires approval by special resolution from shareholders.
Indiqube Spaces Limited submitted its monitoring agency report for the quarter ended September 30, 2025, detailing the utilization of IPO proceeds. The company raised Rs 6,500 million through its IPO conducted from July 23-25, 2025. During the quarter, the company utilized Rs 1,630.53 million from the total proceeds. The funds were deployed across three main areas: Rs 53.41 million for capital expenditure towards establishing new centers (purchase of plant and machinery, furniture and fixtures), Rs 913.40 million for repayment of term loans, Rs 389.51 million for general corporate purposes (including rent, manpower supply, repair maintenance, and consumables), and Rs 274.21 million for issue expenses. The remaining unutilized gross proceeds of Rs 4,869.47 million are parked in fixed deposits and monitoring accounts. CRISIL Ratings Limited, serving as the monitoring agency, reported no deviations from the disclosed objects and confirmed that proceeds were utilized as per the offer document.
View more
Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
316.10 | #1 13,660.57 | 26.80 | 909.43 | -16.45 | #1 397 | 18.43 | 39.92 | |
1,219.30 | 8,591.18 | 20.81 | 864.60 | 10.15 | 375 | 11.23 | 40.94 | |
576.90 | 7,731.80 | 61.13 | 2,024.00 | 16.51 | 130 | 6.40 | 35.46 | |
349.75 | 5,752.43 | 15.93 | 2,475.20 | 7.68 | 373 | -19.36 | 43.77 | |
459.90 | 5,248.90 | -171.91 | 1,409.70 | 26.65 | -63 | 80.38 | 35.94 | |
329.85 | 4,649.68 | 88.71 | #1 13,257.10 | 7.75 | 12 | 17.30 | 49.55 | |
499.00 | 4,496.97 | #1 14.21 | 645.00 | 6.19 | 218 | #1 161.42 | 47.61 | |
205.05 | #8 4,306.29 | #8 -38.61 | #6 1,102.90 | #2 27.11 | #10 -140 | #3 43.05 | 44.99 | |
128.99 | 3,676.22 | -378.68 | 7.80 | -2.50 | -8 | -80.00 | 37.97 | |
508.10 | 3,633.37 | 71.48 | 1,260.70 | #1 44.11 | 68 | -58.66 | 41.14 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
27.11 %
Net Income Growth
-59.12 %
Cash Flow Change
12.81 %
ROE
-1,816.65 %
ROCE
-205.44 %
EBITDA Margin (Avg.)
97.17 %
Yearly Financial Results
Balance Sheet
| Balance Sheet | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 450 | 448 | 526 | 2,969 | 3,668 | 4,685 |
| Fixed Assets | 248 | 238 | 281 | 2,546 | 3,085 | 3,955 |
| Current Assets | 50 | 63 | 67 | 110 | 167 | 210 |
| Capital Work in Progress | 0 | 0 | 0 | 24 | 79 | 114 |
| Investments | 0 | 2 | 0 | 1 | 1 | 0 |
| Other Assets | 202 | 208 | 245 | 398 | 503 | 616 |
| Total Liabilities | 450 | 448 | 526 | 2,969 | 3,668 | 4,685 |
| Current Liabilities | 162 | 193 | 228 | 428 | 621 | 808 |
| Non Current Liabilities | 222 | 205 | 168 | 2,849 | 2,916 | 3,881 |
| Total Equity | 66 | 50 | 131 | -308 | 131 | -3 |
| Reserve & Surplus | 65 | 49 | 30 | -308 | 129 | -23 |
| Share Capital | 1 | 1 | 1 | 0 | 1 | 20 |
Cash Flow
| Cash Flow | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -24 | -1 | -2 | 1 | -15 | 15 |
| Investing Activities | -105 | -53 | -42 | -174 | -193 | -259 |
| Operating Activities | 47 | 39 | 44 | 324 | 542 | 612 |
| Financing Activities | 34 | 14 | -5 | -149 | -365 | -338 |
Share Holding
| % Holding | Dec 2024 | Jun 2025 | Jul 2025 | Sept 2025 |
| Promoter | 99.38 % | 60.60 % | 60.60 % | 60.60 % |
| FIIs | 0.00 % | 22.88 % | 22.88 % | 2.67 % |
| DIIs | 0.00 % | 12.04 % | 12.04 % | 14.38 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 0.00 % | 3.58 % | 3.58 % | 1.89 % |
| Others | 0.62 % | 0.90 % | 0.90 % | 20.46 % |
| No of Share Holders | 13 | 52,078 | 13 | 28,007 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 17 Dec 2024 |  Change Of Name | NA | 17 Dec 2024 | 0.00 | 0.00 |
| 27 Jun 2025 |  Annual General Meeting | NA | 27 Jun 2025 | 235.06 | 0.00 |
| 12 Aug 2025 |  Quarterly Result Announcement | NA | 12 Aug 2025 | 202.93 | 212.35 |
| 08 Nov 2025 | Quarterly Result Announcement | NA | 08 Nov 2025 | 213.90 | 203.86 |
Announcements
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationDec 02, 2025
Dec 02, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 13, 2025
Nov 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 11, 2025
Nov 11, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportNov 08, 2025
Nov 08, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 08, 2025
Nov 08, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 08, 2025
Nov 08, 2025Board Meeting Outcome for Intimation Of Outcome Of The Board Meeting Of Indiqube Spaces Limited (The Company) Held On 08Th November 2025Nov 08, 2025
Nov 08, 2025Announcement under Regulation 30 (LODR)-Credit RatingNov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 05, 2025
Nov 05, 2025Board Meeting Intimation for Intimation Of Meeting Of The Board Of Directors To Be Held On Saturday November 08 2025.Nov 04, 2025
Nov 04, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Oct 08, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotSep 16, 2025
Sep 16, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportSep 16, 2025
Sep 16, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 16, 2025
Sep 16, 2025Intimation Regarding Change In The CIN Of The Company.Sep 15, 2025
Sep 15, 2025Reg. 34 (1) Annual Report.Sep 04, 2025
Sep 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 22, 2025
Aug 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 22, 2025
Aug 22, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 19, 2025
Aug 19, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 15, 2025
Aug 15, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 13, 2025
Aug 13, 2025Results - Financial Results For The Quarter Ended June 30 2025.Aug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 12, 2025
Aug 12, 2025Board Meeting Outcome for Outcome Of The Board Meeting Of Indiqube Spaces Limited (The Company)
Held On 12Th August 2025Aug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 07, 2025
Aug 07, 2025Board Meeting Intimation for Considering And Approving The Unaudited Financial Results Of The
Company For The Quarter Ended June 30 2025.Aug 07, 2025
Aug 07, 2025Intimation Under Regulation 6(1) Of Listing RegulationsAug 04, 2025
Aug 04, 2025Intimation Under Regulation 30(5) Of Listing RegulationsAug 04, 2025
Aug 04, 2025Intimation Under Regulation 7(1) Of Listing RegulationsAug 04, 2025
Aug 04, 2025Intimation Under Regulation 8(2) Of SEBI PIT Regulations 2015Aug 04, 2025
Aug 04, 2025Closure of Trading WindowAug 04, 2025
Aug 04, 2025Listing of Equity Shares of Indiqube Spaces LtdJul 30, 2025
Jul 30, 2025Mutual Fund Holdings
Bandhan Large & Mid Cap Fund Direct-Growth 
WhiteOak Capital Flexi Cap Fund Direct - Growth 
Edelweiss Balanced Advantage Fund Direct-Growth 
Motilal Oswal Large Cap Fund Direct - Growth 
Invesco India Infrastructure Fund Direct-Growth 
Groww Multicap Fund Direct-Growth 
Baroda BNP Paribas Equity Savings Fund Direct - Growth 
Bajaj Finserv Small Cap Fund Direct-Growth 
Aditya Birla Sun Life Value Direct Fund-Growth Technical Indicators
RSI(14)
Neutral 44.99
ATR(14)
Less Volatile 8.24
STOCH(9,6)
Neutral 47.50
STOCH RSI(14)
Neutral 75.13
MACD(12,26)
Bullish 0.21
ADX(14)
Strong Trend 29.30
UO(9)
Bearish 56.21
ROC(12)
Downtrend But Slowing Down -1.31
WillR(14)
Neutral -60.79
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
