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INVESTMENT INSIGHTS

Check Before You Invest : Icodex Publishing Solutions Ltd

BSE: 544483 NSE: ISIN: INE111601014
  |   Sector:  IT & ITES   |   Industry:  IT - Software

Snapshot

Q.1 Which industry/sub-sector does Icodex Publishing Solutions Ltd belong to?
Icodex Publishing Solutions Ltd belongs to the IT & ITES sector, operating specifically within the IT - Software segment.
Q.2 Is Icodex Publishing Solutions Ltd a good quality company?
Icodex Publishing Solutions Ltd is a quality company, based on a 10 year financial track record.
Q.3 Is Icodex Publishing Solutions Ltd undervalued or overvalued?
Icodex Publishing Solutions Ltd appears Overvalued, as its key valuation ratios are above with their past averages.
Q.4 Is Icodex Publishing Solutions Ltd a good buy now?
Icodex Publishing Solutions Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

Q.1 Revenue growth of Icodex Publishing Solutions Ltd?
Icodex Publishing Solutions Ltd revenue growth is 110.4% for FY-2025 , which is above its 5 year CAGR of 0% , indicating faster growth.
Q.2 Gross Profit margin of Icodex Publishing Solutions Ltd?
Icodex Publishing Solutions Ltd Gross profit margin which is the profit after deduction of direct costs, is 61.3% for FY-2025 , which is above its 5 year median of 41.75% , indicating increasing margins.
Q.3 Operating Profit Margin of Icodex Publishing Solutions Ltd?
Icodex Publishing Solutions Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 61.94% for FY-2025 , which is above its 5 year median of 41.92% indicating increasing margins.
Q.4 Net Profit Margin of Icodex Publishing Solutions Ltd?
Icodex Publishing Solutions Ltd Net Profit Margin is 40.94% for FY-2025 , is above with its 5 year median of 30.64%, indicating increasing margins.
Current Level Historic Median
Gross Profit Margin 61.3 41.75
Operating Profit Margin 61.94 41.92
Net Profit Margin 40.94 30.64
Q.5 Return on Asset of Icodex Publishing Solutions Ltd?
Icodex Publishing Solutions Ltd Return on Asset is 50.57%, which is above its 5 year historical median of 45.3%, indicating improved asset utilization efficiency.
Q.6 Return on Equity (ROE) of Icodex Publishing Solutions Ltd?
Icodex Publishing Solutions Ltd Return on equity is 64.81% for FY-2025 , which is above its historical median of 61.95%, indicating the business is making better use of its shareholders capital.
Q.7 Return on capital employed (ROCE) of Icodex Publishing Solutions Ltd?
Icodex Publishing Solutions Ltd Return on capital employed is 82.78% for FY-2025 , which is above its estimated weighted average cost of capital(WACC) 14%, indicating value creation.
Q.8 Cash conversion cycle of Icodex Publishing Solutions Ltd?
Icodex Publishing Solutions Ltd Cash conversion cycle is 39 days, above its historical median of 22 days, indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.
Current Level Historic Median
Asset Turnover 1.24 1.7
ROE 64.81 61.95
ROCE 82.78 74.17
Cash Conversion Cycle 39 days 22 days
Q.9 Debt to Equity ratio of Icodex Publishing Solutions Ltd?
Icodex Publishing Solutions Ltd Debt-to-Equity ratio is 0.16 , which is above with the industry average of 0.01 , indicating higher debt levels in the industry.
Q.10 Debt to cash flow from operations of Icodex Publishing Solutions Ltd?
Icodex Publishing Solutions Ltd Debt to cash flow from operations is 0.47 , which is at a healthy level, indicating the business is able to service its debt comfortably.

Ownership & governance

Q.1 Promoter shareholding and pledge status of Icodex Publishing Solutions Ltd?
Promoters hold 64.44% of the Icodex Publishing Solutions Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

Q.1 Revenue growth of Icodex Publishing Solutions Ltd vs industry peers?
Icodex Publishing Solutions Ltd revenue CAGR is 0.00% , compared to the industry median CAGR of 2.48% , indicating slower growth and losing its market share.
Profit Metrics
Current Level Industry Median
Revenue 21.9 23.6
Gross Profit 13.4 1.9
Operating Profit 13.4 1.2
Net Profit 9 0.8
Operating Efficiency
Current Level Industry Median
Asset Turnover 1.24 0.45
ROE 64.81 4.09
ROCE 82.78 6.4
Cash Conversion Cycle (days) 38.94 36

Valuation & price assessment

Q.1 Stock return of Icodex Publishing Solutions Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
Q.2 What return has the stock given over the last decade?
9Y 5Y 3Y 1Y
Share Price - - - -
Q.3 Valuation ratios of Icodex Publishing Solutions Ltd vs historical?
The current P/E is higher that its historical median.
Q.4 How do the current valuation ratios measure up against the historic numbers and the current industry numbers?
Valuation Ratios Current Historic Median Industry Median
Price to Earnings 8.26 0.00 22.96
Price to Book 1.23 0.00 2.61
Price to Sales 3.38 0.00 4.40
EV to EBITDA 5.38 0.00 17.20

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