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Indiqube Spaces Ltd.

Business ServicesBusiness Support

www.indiqube.com BSE: 544454NSE: INDIQUBE

₹200.95BSE4.66%

16 Sep, 4:01 PM

₹200.95

₹4.26K Cr

0.00

8.85

-44.99%

₹203.00

₹189.05

₹243.80

₹130.80

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Price Performance

Peer Comparison

Name
PRIME FOCUS PFOCUS	321.00		24,998.64	0.00	-79.46	-1,383.90%	7.62	9.46%	10.46
SAGILITY SAGILITY	44.91	63.70	21,023.85	0.33	75.98	-21.46%	538.96	14.03%	4.83
SYNGENE SYNGENE	380.45	67.07	15,357.59	0.33	-2.10	-102.84%	663.00	-17.05%	8.92
HORIZONIND HORIZONIND	53.00	232.24	15,279.39	0.00	63.48	648.31%	42.05	34.25%	2.40
INDGN INDGN	572.90	60.90	13,804.99	0.39	59.90	32.82%	340.70	33.29%	14.62
IGIL IGIL	314.00	22.67	13,569.81	1.59	154.60	12.45%	286.16	22.22%	40.39
NESCO LTD NESCO	1,071.80	18.34	7,551.90	0.65	99.96	3.91%	211.80	9.55%	19.23
Indiqube Spaces Ltd. INDIQUBE	200.95	0.00	4,260.09	0.00	-23.88	35.02%	422.69	36.66%	54.58

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	242.27	252.19	267.89	296.94	309.29	350.14	389.94	401.45	422.69
Expenses	98.22	107.40	110.14	126.98	121.17	142.25	152.67	153.38	164.21
	144.05	144.78	157.75	169.96	188.12	207.88	237.27	248.07	258.47
	59.46%	57.41%	58.89%	57.24%	60.82%	59.37%	60.85%	61.79%	61.15%
	9.04	11.83	12.59	10.19	14.83	16.45	21.16	24.27	26.13
Interest	74.16	78.77	86.27	91.15	109.93	106.79	112.33	119.20	127.22
	118.21	121.67	116.87	130.39	142.98	156.23	169.19	177.03	187.89
	-39.30	-43.83	-32.79	-41.38	-49.96	-38.69	-23.10	-23.90	-30.51
	-6.98%	-19.82%	58.15%	24.29%	26.44%	22.80%	26.12%	5.20%	21.72%
	-42.04	-52.52	-13.73	-31.33	-36.76	-29.87	-17.07	-22.65	-23.88
	-229.73	-286.99	-1.05	-2.41	-2.01	-1.42	-0.81	-1.07	-1.13

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	349.30	580.59	830.97	1,059.29	1,450.81
Operating Income (Net)	344.11	579.74	830.57	1,059.29	1,450.81
EXPENDITURE :
Increase/Decrease in Stock					-0.69
Raw Material Consumed	10.78	28.95	38.98	51.95	96.31
Power & Fuel Cost	19.62	37.12	54.96	69.51	70.28
Employee Cost	29.75	43.53	63.77	75.83	92.57
Operating Expenses	23.72	36.27	51.46	61.83	85.03
General and Administration Expenses	34.35	65.44	99.28	149.08	173.86
Selling and Distribution Expenses	6.46	11.88	19.77	31.61	43.84
Miscellaneous Expenses	89.94	119.86	276.03	2.93	8.27
	214.63	343.05	604.24	442.74	569.48
Operating Profit (Excl OI)	129.49	236.69	226.34	616.54	881.34
	11.13	21.54	37.09	43.65	76.71
	140.62	258.23	263.42	660.19	958.04
Interest	143.42	188.01	256.00	330.35	448.26
PBDT	-2.80	70.22	7.42	329.84	509.78
	221.19	298.15	392.24	487.14	645.43
Profit Before Taxation & Exceptional Items	-224.00	-227.93	-384.82	-157.30	-135.65
	-224.00	-227.93	-384.82	-157.30	-135.65
Provision for Tax	-35.62	-29.82	-43.31	-17.69	-29.30
	-188.38	-198.11	-341.51	-139.62	-106.34
Extra items				0.00	0.00
Consolidated Net Profit	-188.38	-198.11	-341.51	-139.62	-106.34
Profit Balance B/F	-55.83	-244.76	-442.66	-784.39	-925.44
Appropriations	-244.21	-442.87	-784.17	-924.01	-1,031.78
	-1,148.65	-1,082.56	-1,866.16	-10.72	-5.02
Adjusted EPS	-16.18	-15.25	-26.28	-10.72	-5.02

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	0.16	0.18	1.19	20.19	21.20
Share Warrants & Outstandings	99.20	3.53	15.22	22.52	9.26
Total Reserves	-237.90	-311.82	114.22	-45.82	484.29
Reserve excluding Revaluation Reserve	-237.90	-311.82	114.22	-45.82	484.29
Revaluation reserve	0.00	0.00	0.00
	-138.54	-308.10	130.63	-3.11	514.75
Secured Loans	22.52	58.21	81.73	204.05	169.32
Unsecured Loans	306.71	515.75	18.42	18.42
Deferred Tax Assets / Liabilities	-18.99	-48.74	-100.57	-126.41	-177.15
Other Long Term Liabilities	1,736.71	2,270.63	2,808.87	3,646.73	4,809.71
Long Term Provisions	3.82	4.78	7.04	11.42	15.15
Total Non-Current Liabilities	2,050.76	2,800.63	2,815.49	3,754.20	4,817.03
Trade Payables	23.66	27.16	44.22	54.37	79.52
Other Current Liabilities	309.33	372.17	542.35	677.59	833.65
Short Term Borrowings	18.54	27.73	32.95	73.28	84.11
Short Term Provisions	1.05	0.99	1.70	2.38	5.18
Total Current Liabilities	352.57	428.05	621.22	807.62	1,002.47
Total Liabilities	2,264.80	2,920.58	3,567.35	4,558.71	6,334.25
Gross Block	2,309.70	2,863.45	3,815.38	5,200.73	7,116.38
Less: Accumulated Depreciation	303.93	317.03	728.39	1,245.90	1,903.03
Less: Impairment of Assets			2.08
Net Block	2,005.78	2,546.42	3,084.90	3,954.84	5,213.35
Capital Work in Progress	21.67	21.13	73.62	114.29	96.01
Non Current Investments	2.13	0.97	0.97
Long Term Investment	2.13	0.97	0.97
Long Term Loans & Advances	107.09	160.64	158.03	203.03	273.14
Other Non Current Assets	60.03	78.59	76.88	76.47	131.40
Total Non-Current Assets	2,200.89	2,810.59	3,400.09	4,348.62	5,713.90
Inventories					0.69
Sundry Debtors	25.39	33.21	59.29	78.75	112.56
Cash and Bank	0.34	10.46	0.45	6.03	385.34
Other Current Assets	27.75	41.47	55.11	79.67	73.17
Short Term Loans and Advances	10.43	24.84	52.41	45.64	48.60
Total Current Assets	63.91	109.99	167.26	210.09	620.35
Net Current Assets (Including Current Investments)	-288.67	-318.06	-453.97	-597.53	-382.12
Total Assets	2,264.80	2,920.58	3,567.35	4,558.71	6,334.25
Contingent Liabilities				12.49
Total Debt	363.22	623.16	164.02	343.96	290.03
	-1,449.60	-1,702.91	625.15	-2.52	23.84
Adjusted Book Value	-20.42	-23.98	8.81	-2.52	23.84

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	-224.00	-227.93	-384.82	-157.30	-135.65
Adjustment	442.41	587.62	898.75	783.78	1,010.03
Changes In working Capital	-11.25	-26.83	7.90	-1.40	76.98
Cash Flow after changes in Working Capital	207.17	332.86	521.83	625.08	951.37
Cash Flow from Operating Activities	202.31	323.89	542.18	611.65	920.39
Cash Flow from Investing Activities	-46.69	-173.68	-192.69	-258.96	-736.75
Cash Flow from Financing Activitie	-176.36	-149.28	-364.78	-337.49	-178.12
Net Cash Inflow / Outflow	-20.73	0.93	-15.30	15.21	5.52
Opening Cash & Cash Equivalents	2.52	-18.21	-17.29	-32.58	-17.38
Closing Cash & Cash Equivalent	-18.21	-17.29	-32.58	-17.38	-11.85

Ratios

Valuation

8.85

4.01

2.72

-4.41

22.72

Profitability

-44.99

54.58

-1.95

60.75

-7.33

Leverage & Liquidity

0.57

0.62

0.70

Returns

0.00

0.27

Shareholding Pattern

Numbers in percentages

Particulars	Jul '25	Sep '25	Dec '25	Mar '26	Jun '26
	60.60	60.60	60.04	60.10	60.11
	34.52	17.04	16.95	16.86	16.50
	4.88	22.36	23.00	23.05	23.39
	39.40	39.40	39.96	39.90	39.89
No. of Shareholders	52,078	28,007	24,464	23,319	23,865

Corporate Actions

Showing: All

Date	Type	Details
2026-08-04	Board Meeting	Quarterly Results
2026-07-08	AGM
2026-05-14	Board Meeting	Audited Results

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)
2026-06-18	MEGHNA AGARWAL	Market	Buy	2,000
2026-06-15	MEGHNA AGARWAL	Market	Buy	5,500

Sector Overview

Business ServicesBusiness Support

Indiqube Spaces Ltd. operates in the Business Services sector under the Business Support industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

9 members across the board and senior leadership

Bhasker Dubey

Company Secretary & Compliance Officer

—

Rishi Das

Chairman

₹42.00 L

Mar '26

Meghna Agarwal

Executive Director & Chief Operating Officer

₹42.00 L

Mar '26

Anshuman Das

Promoter & Non-Executive Director

—

Sandeep Singhal

Nominee Director

—

Avalur Gopalaratnam Muralikrishnan

Non Executive Independent Director

—

Naveen Tewari

Non Executive Independent Director

₹5.00 L

Mar '26

Rahul Matthan

Non Executive Independent Director

₹7.00 L

Mar '26

Sachi Krishana

Non Executive Independent Director

₹10.00 L

Mar '26

INDIQUBE Latest News

News

8 of 8 articles

EQUITY20 Aug 2026 · 12:51

Indiqube Spaces rises on expanding partnership with leading global audio series platform

The deal is valued at approximately Rs 68 crore

COMPANY20 Aug 2026 · 12:42

Indiqube Spaces expands partnership with leading global audio series platform

The deal is valued at approximately Rs 68 crore

EQUITY18 Aug 2026 · 13:03

Indiqube Spaces informs about earnings call transcript

COMPANY15 Jul 2026 · 17:27

Indiqube Spaces adds new property in Noida

The addition comes at a time when the Noida Expressway corridor is emerging as one of North India’s most promising office markets

EQUITY18 Jun 2026 · 10:58

Indiqube Spaces informs about analyst meet

COMPANY2 Jun 2026 · 14:57

Indiqube Spaces signs Rs 52 crore workspace deal in North Bengaluru

The workspace deal has a tenure of five years and covers over 700 seats

EQUITY26 May 2026 · 14:51

Indiqube Spaces informs about compliance report

EQUITY20 May 2026 · 19:36

Indiqube Spaces reports Profit after tax of Rs -226.52 Mln, in the March 2026 quarter

INDIQUBE

₹200.95

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