Indiqube Spaces Limited Stock Price Today (NSE: INDIQUBE)

Indiqube Spaces Limited

165.36+2.90 (+1.79%)
Market Closed

Fundamental Score

...

Indiqube Spaces Limited Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Indiqube Spaces Limited share price today is 165.36, up +1.79% on NSE/BSE as of 17 June 2026. Indiqube Spaces Limited (INDIQUBE) is a Small-cap company in the Diversified Commercial Services sector with a market capitalisation of 4.54K (Cr). The 52-week high for INDIQUBE share price is 243.80 and the 52-week low is 131.15. The company has a Return on Equity (ROE) of -234.10% and a debt-to-equity ratio of 8.67.

Indiqube Spaces Limited Share Price Chart — NSE/BSE Historical Performance

No data
High
182.11
Low
153.61
Volume
78.2K
Change
-7.12%

Indiqube Spaces Limited share price chart: -7.12% return over the past month. 52-week high ₹243.80, 52-week low ₹131.15.

Indiqube Spaces Limited — Last 10 Trading Days

DateOpenHighLowCloseVolume
160.18160.89157.18157.5259.71K (Cr)
161.77162.80154.60156.4030.77K (Cr)
164.99165.07157.00159.3830.05K (Cr)
165.00165.50163.00163.7739.57K (Cr)
167.43168.00161.91163.5336.89K (Cr)
164.90167.10164.31166.2035.30K (Cr)
163.16166.79162.00163.3329.20K (Cr)
165.00173.52162.50164.063.41L (Cr)
168.91177.00168.00173.5217.61K (Cr)
172.44173.07167.52169.1327.95K (Cr)

Indiqube Spaces Limited — Last 12 Months Price History

MonthOpenHighLowCloseChange
161.77162.80154.60157.52-2.63%
177.70178.72153.61159.38-10.31%
140.00187.75135.01175.61+25.44%
165.00177.19131.15135.61-17.81%
176.95191.00163.51172.52-2.50%
210.99216.45170.02176.26-16.46%
226.65226.65191.12209.83-7.42%
212.02232.01201.00225.61+6.41%
229.00235.79210.00213.30-6.86%
218.96243.80218.88228.00+4.13%
219.05231.10195.40218.96-0.04%
216.00233.50201.60218.42+1.12%

AI Research Briefing

Powered by Gemini · 2026-04-10

IndiQube is a leveraged bet on the Indian GCC boom, but profitability is a major concern.

Research Confidence
6.0/10Moderate
GOVT CAPEX DARK HORSEConsolidation. 1M: 0.88%, 3M: -7.39%P/E not applicable, but industry P/E is 23.64x. Seems expensive given negative profitability.

WHAT'S HAPPENING NOW (last 2-4 weeks)

Indiqube Spaces has been actively securing workspace leasing agreements. They signed a deal with a healthcare tech GCC in Bangalore for 48,000 sq ft. Prior to that, they closed a deal with another GCC client in Pune for 1,140 seats at IndiQube Orchid. Promoters also acquired 1.14 lakh equity shares in the open market between mid-February and mid-March, signaling confidence. Trading window closed on April 1st ahead of FY26 results.

CORE STORY (THE REAL GAME)

IndiQube is betting on the continued expansion of Global Capability Centers (GCCs) in India, positioning itself as the go-to provider of flexible, tech-enabled workspaces. It's a play on the outsourcing and tech services boom, packaged as a real estate solution.

Why Now
  • ₹75 crore Bangalore deal
  • ₹54 crore Pune deal
  • Promoter buying
Potential Catalysts
  • Strong FY26 results
  • Further GCC deal wins
  • Improvement in debt metrics
Key Risks
  • High debt/equity
  • Negative ROE
  • Micro-cap liquidity
Institutional Activity

Promoters buying shares, but FII/DII holdings unchanged.

Macro Context

India's Pro AV market is projected to grow at 6% in 2026, driven by GCC expansion and tech upgrades.

Order Book / Expansion

IndiQube signed a ₹75 crore workspace leasing agreement with a healthcare tech GCC in Bangalore.

Cash Flow Quality

Profit not converting to cash. Free Cash Flow 5Y: ₹846.65 Cr, but recent profitability is weak.

3–6 Month Outlook

Next 3-6 months depend on execution of recent deals and ability to improve profitability. Watch for FY26 results.

Primary Thesis Risk

Inability to achieve profitability will lead to debt spiral.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

-234.10%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

4.76%

Returns generated on total capital deployed

Excellent

Oper. Profit Margin (5Y Avg)

37.34%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Indiqube Spaces Limited Valuation Check

Price to Earnings (P/E)

N/A

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

23.64x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

60.60%

% shares held by company founders/management

Poor

FII Holding

2.67%

% shares held by foreign institutional investors

Good

DII Holding

14.37%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

43.13%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

38.84%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

34.61%

Compounded annual revenue growth over 5 years

EPS Growth (5-Year CAGR)

N/A

Earnings per share growth over 5 years

Net Profit Growth (5-Year CAGR)

N/A

Compounded annual net profit growth over 5 years

Balance Sheet Health

Poor

Debt to Equity Ratio

8.67x

Total debt ÷ equity. Below 0.5 = financially healthy

Poor

Interest Coverage Ratio

0.52x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

846.65 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Indiqube Spaces Limited Fundamental Analysis & Valuation Benchmarking

Educational evaluation of INDIQUBE across key market metrics for learning purposes.

Positive Indicators

7 factors identified

Strong Operating Margins (37.34%)

Observation: Healthy 5-year operating margins indicate pricing power and cost control.

Analysis: OPM >15% suggests operational efficiency and competitive advantages.

Robust Profit Growth (43.13%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (38.84%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Consistent Growth Track Record (34.61% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Strong Cash Generation (₹846.65 Cr over 5Y)

Observation: Healthy free cash flow generation supports growth and returns.

Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.

Balanced Promoter Holding (60.60%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

5 factors identified

Below-Average Return on Equity (-234.10%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Suboptimal ROCE (4.76%)

Observation: Returns on capital employed are below expectations.

Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.

Elevated Debt Levels (D/E: 8.67)

Observation: High leverage increases financial risk and interest burden.

Analysis: High debt-to-equity ratios require monitoring of debt servicing capability.

Weak Interest Coverage (0.52x)

Observation: Limited ability to service debt obligations from earnings.

Analysis: Low interest coverage raises concerns about financial stability.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Indiqube Spaces Limited vs Diversified Commercial Services Peers

Peer Comparison - Diversified Commercial Services

Compare Indiqube Spaces Limited with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
43.4/100
165
₹4541.16
-234.10%
Poor
4.76%
Poor
8.7
Poor
34.61%
Excellent
0.00%
47/100
370
₹14200.73
27.8
Average
54.37%
Excellent
68.01%
Excellent
0.1
Excellent
0.76%
Nesco Ltd...
NESCO505355
62.7/100
1220
₹8886.83
21.5
Average
15.82%
Good
21.12%
Excellent
0.0
Excellent
10.75%
Good
11.14%
Good
0.52%
46.3/100
309
₹5807.52
16.2
Average
17.06%
Good
23.67%
Excellent
0.1
Excellent
21.89%
Excellent
11.88%
Good
1.84%
42.5/100
450
₹5346.96
-81.99%
Poor
6.97%
Poor
8.6
Poor
40.21%
Excellent
0.00%
19.1/100
124
₹4910.55
33.9
Average
3.46%
Poor
4.74%
Poor
0.4
Excellent
1.48%
Nirlon Ltd...
NIRLON500307
59.1/100
616
₹4469.06
14.1
Average
59.88%
Excellent
30.18%
Excellent
2.5
Poor
14.71%
Good
15.46%
Excellent
5.24%
29.5/100
16
₹4441.00
251.2
Average
0.2
Excellent
9.53%
Good
0.00%
14.7/100
143
₹3889.84
-1.99%
Poor
-0.73%
Poor
0.2
Excellent
0.00%
44/100
346
₹3781.07
73.7
Average
26.07%
Excellent
12.90%
Average
2.9
Poor
23.06%
Excellent
39.77%
Excellent
0.00%
32.5/100
213
₹3190.01
15.0
Average
9.16%
Poor
9.82%
Poor
0.1
Excellent
1.06%
Average
6.37%
Good
4.69%

Indiqube Spaces Limited Quarterly Performance

Latest quarterly metrics for INDIQUBE — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

38.84%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

43.13%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

34.61%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

N/A

Compounded annual net profit growth over 5 years

Indiqube Spaces Limited Technical Indicators

SMA 50, SMA 200, RSI and volume signals for INDIQUBE — calculated from daily price history

42RSI 14
Neutral — RSI 42

Momentum is balanced — neither overbought nor oversold.

SMA 50
159
▲ Price above SMA 50 — Short-term bullish
SMA 200
195
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
228K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Indiqube Spaces Limited Financial Statements

Annual income statement, balance sheet and cash flow for Indiqube Spaces Limited (INDIQUBE) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Indiqube Spaces Limited

About INDIQUBE (Indiqube Spaces Limited)

IndiQube Spaces Limited is a dynamic player in India's rapidly evolving commercial real estate landscape, offering a diverse portfolio of workspace solutions tailored to meet the v...arying needs of modern businesses. More than just a provider of office space, IndiQube curates vibrant and collaborative environments designed to foster productivity and innovation. Their expertise extends beyond simply leasing physical spaces, encompassing the meticulous design and build-out of customized offices that align perfectly with a client's brand identity and operational requirements. Through strategic partnerships and a deep understanding of the evolving work culture, IndiQube is reshaping the way companies approach their workspace needs. The company's integrated service offerings extend far beyond the conventional, incorporating a comprehensive suite of facility management solutions. This includes meticulous asset maintenance, ensuring optimal performance and longevity of office infrastructure, and encompassing everything from essential utilities to advanced security systems. IndiQube also caters to the holistic needs of employees, providing a range of value-added services designed to enhance their work experience. These services can encompass employee transportation, catering options with diverse menus, and even the incorporation of green spaces and plantation, contributing to a healthier and more inspiring work environment. At the heart of IndiQube's operations lie innovative technology platforms that streamline workspace management. Their MiQube platform empowers businesses to efficiently manage, operate, and optimize their office spaces, providing real-time insights into resource utilization and occupancy. Additionally, IndiQube Cornerstone serves as a powerful property and asset management solution, ensuring seamless operational efficiency and maximizing the value of real estate investments. By combining thoughtfully designed workspaces with cutting-edge technology and a comprehensive suite of services, IndiQube is redefining the future of commercial real estate in India.

Company Details

Symbol:INDIQUBE
Industry:Diversified Commercial Services
Sector:Diversified Commercial Services

Key Leadership

Mr. Rishi Das
Co-Founder, Executive Chairman & CEO
Ms. Meghna Agarwal
Co-Founder, COO & Executive Director
Mr. Pawan Jaichandbhai Jain
Chief Financial Officer

INDIQUBE Share Price: Frequently Asked Questions

What is the current share price of Indiqube Spaces Limited?

Indiqube Spaces Limited (INDIQUBE) trades at ₹165.36 on NSE and BSE. Market cap ₹4.54K (Cr). Educational data only.

What is the P/E ratio of Indiqube Spaces Limited?

Indiqube Spaces Limited has a P/E of N/Ax vs industry average 23.64x.

What is the Bull Run score for Indiqube Spaces Limited?

Indiqube Spaces Limited has a Bull Run score of 43.4/100 based on 25+ financial parameters.

Does Indiqube Spaces Limited pay dividends?

Indiqube Spaces Limited has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Indiqube Spaces Limited?

Indiqube Spaces Limited has ROE of -234.10%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Indiqube Spaces Limited?

Indiqube Spaces Limited has debt-to-equity of 8.67.

Is Indiqube Spaces Limited a good investment?

Bull Run gives Indiqube Spaces Limited a score of 43.4/100. This is not investment advice — consult a SEBI-registered advisor.