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Check Before You Invest : Indiqube Spaces Ltd

BSE: 544454 NSE: INDIQUBE ISIN: INE06ST01018
  |   Sector:  Miscellaneous   |   Industry:  Business Support

Snapshot

Q.1 Which industry/sub-sector does Indiqube Spaces Ltd belong to?
Indiqube Spaces Ltd belongs to the Miscellaneous sector, operating specifically within the Business Support segment.
Q.2 Is Indiqube Spaces Ltd a good quality company?
Indiqube Spaces Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Indiqube Spaces Ltd undervalued or overvalued?
Indiqube Spaces Ltd appears Overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios Current 3-year
Historic Median
Price to Earnings - -
Price to Book 6.71 7.10
Price to Sales 3.38 3.94
EV to EBITDA 5.1 5.99
Q.4 Is Indiqube Spaces Ltd a good buy now?
Indiqube Spaces Ltd is a good buy now, based on strong price trend analysis suggesting prices may rise. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Indiqube Spaces Ltd?
Indiqube Spaces Ltd revenue growth is 27.5% for FY-2025, which is below its 3-year CAGR of 45.47%, indicating slower growth.

Q.2 Gross Profit margin of Indiqube Spaces Ltd?
Indiqube Spaces Ltd Gross profit margin which is the profit after deduction of direct costs, is 31.1% for FY-2025, which is above its 3-year median of 12.1%, indicating increasing margins.

Q.3 Operating Profit Margin of Indiqube Spaces Ltd?
Indiqube Spaces Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 58.2% for FY-2025, which is in line with its 3-year median of 59.63% indicating stable margins.

Q.4 Net Profit Margin of Indiqube Spaces Ltd?
Indiqube Spaces Ltd Net Profit Margin is -13.18% for FY-2025, is above its 3-year median of -34.17%, indicating increasing margins.
Current Level 3-year
Historic Median
Gross Profit Margin (%) 31.1 12.1
Operating Profit Margin (%) 58.2 59.63
Net Profit Margin (%) -13.18 -34.17

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Indiqube Spaces Ltd?
Indiqube Spaces Ltd Return on Asset is -3.44%, which is above its 3-year historical median of -7.64%, indicating improved asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Indiqube Spaces Ltd?
Indiqube Spaces Ltd Return on capital employed is 54.46% for FY-2025, which is above its 3-year historical median of -14.79%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 14%, indicating value creation.

Q.7 Cash conversion cycle of Indiqube Spaces Ltd?
Indiqube Spaces Ltd Cash conversion cycle is 1 days, above its 3-year historical median of -1 days, indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.

C: How much debt does the business have and is it at a sustainable level?

Q.8 Debt to Equity ratio of Indiqube Spaces Ltd?
Indiqube Spaces Ltd Debt-to-Equity ratio is -13.42, which is lower the industry average of 0.06, indicating lower debt levels in the industry.

Q.9 Debt to cash flow from operations of Indiqube Spaces Ltd?
Indiqube Spaces Ltd Debt to cash flow from operations is 0.56, which is at a healthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Indiqube Spaces Ltd?

Q.1 Promoter shareholding and pledge status of Indiqube Spaces Ltd?
Promoters hold 60.10% of the Indiqube Spaces Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Indiqube Spaces Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Indiqube Spaces Ltd vs industry peers?
Indiqube Spaces Ltd revenue CAGR is 45.47%, compared to the industry median CAGR of 15.19%, indicating faster growth and gaining its market share.
Profit Metrics
Current Level 3-year
Industry Median
Revenue Growth (%) 27.5 15.2
Gross Profit Growth (%) 4,614.3 26
Operating Profit Growth (%) 173 24.6
Net Profit Growth (%) 0 25.7
Operating Efficiency
Current Level 3-year
Industry Median
Asset Turnover (x) 0.26 0.37
ROE (%) - 6.65
ROCE (%) 54.46 12.98
Cash Conversion Cycle (days) 0.67 44

Valuation & price assessment

Q.1 Stock return of Indiqube Spaces Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
9Y 5Y 3Y 1Y
Share Price
CAGR
- - - -
Q.2 Valuation ratios of Indiqube Spaces Ltd vs historical?
The current P/E ratio of 0 is in line with than its historical median of , indicating that the stock is trading near its historical average valuation.
Q.3 How do the current valuation ratios compare with 3-year historical median and industry numbers?
Valuation Ratios Current 3-year
Historic Median
3-year
Industry Median
Price to Earnings - - 31.37
Price to Book 6.71 7.10 2.62
Price to Sales 3.38 3.94 5.96
EV to EBITDA 5.1 5.99 11.15

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