What is Icodex Publishing Solutions Ltd (544483) share price return in the past 10 years?

Data is not available for this company

What is the share price of Icodex Publishing Solutions Ltd (544483)?

Company share prices are keep on changing according to the market conditions. The current trading price of Icodex Publishing Solutions Ltd (544483) on 10-Apr-2026 16:59:59 at 16:59 is 49.63.

What is the P/E ratio of Icodex Publishing Solutions?

The latest standalone P/E ratio of Icodex Publishing Solutions as of 10-Apr-2026 is 8.67.

What is the P/B ratio of Icodex Publishing Solutions Ltd (544483)?

The latest standalone P/B ratio of Icodex Publishing Solutions Ltd (544483) as of 10-Apr-2026 is 1.29.

What is the 52-week high and low of Icodex Publishing Solutions Ltd (544483)?

The 52-week high of Icodex Publishing Solutions Ltd (544483) is Rs. 81.60 and the 52-week low is Rs. 29.01.

Icodex Publishing Solutions Ltd (544483) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Icodex Publishing Solutions Ltd (544483)
Brand: Icodex Publishing Solutions

Icodex Publishing Solutions Ltd (544483) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Key Metrics

Market Cap

₹78 Cr.

P/E Ratio

8.67

Price to Book (P/B)

1.29

Price to Sales (P/S)

3.55

EV/EBITDA

5.65

Return on Capital Employed (ROCE)

82.78%

Current Price

₹49.6

Return on Equity (ROE)

64.81%

Return on Assets (ROA)

50.57%

Operating Profit Margin

61.9%

Net Profit Margin

40.94%

Gross Profit Margin

61.3%

Book Value per Share

₹38.6

Sales Growth (YoY)

110.38%

Sales Growth (3 Years)

38.81%

Operating Profit Growth (1 Year)

215.26%

Operating Profit Growth (3 Years)

96.87%

Net Profit Growth (1 Year)

103.64%

52-Week Low / High

₹29 / 82

Net Profit Growth (3 Years)

90.9%

Dividend Yield

0.00%

Promoter Holding

64.44%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 How fast is the business growing its revenues?

Revenue growth for the business was 110.4% for FY-2025. This figure is above the 5 year historic median growth rate (12.82), indicating that the business is growing at a faster rate than it achieved in the past. Over the past 5 years its revenue has grown at a CAGR of 0%.

Q.1 How does its sales growth compare to that of its peers?

While the 5 year median revenue CAGR for the industry is around 2.48% , revenue of the business is growing at a 0.00% CAGR. The business is growing slower than the industry, meaning that the business is losing its market share.

Q.1 Which industry/sub-sector does it belong to?

Icodex Publishing Solutions Ltd belongs to the IT & ITES sector, operating specifically within the IT - Software segment.

Q.1 Have the promotors pledged their stake?

The promoters currently hold 64.44% of the company and have pledged shares as 0.00% of promoter's holding.

Q.1 How has the business performed in the last 4 quarters?

Business performance verdict:
Sales: Stable
Profit Growth: Stable
Operating Margins: Stable

DeciZen - make an informed investing decision on Icodex Publishing

Based on:

Data

M-Cap below 100cr DeciZen not available

Icodex Publishing Solutions stock performance

Key Ratios

Is Icodex Publishing Solutions Ltd an attractive stock to invest in?

1. Is Icodex Publishing Solutions Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Icodex Publishing Solutions Ltd is a average quality company.

2. Is Icodex Publishing Solutions Ltd undervalued or overvalued?

The key valuation ratios of Icodex Publishing Solutions Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Icodex Publishing Solutions Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Icodex Publishing Solutions Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	69.6%	56.2%	65.6%	82.8%	-
Value Creation Index ⓘ	4.0	3.0	3.7	4.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	8.2	9.5	10.4	21.9	22
Sales YoY Gr.	-	16.6%	9%	110.4%	-
Adj EPS ⓘ	1.1	1.5	3.5	7.4	5.7
YoY Gr.	-	33.9%	137.7%	113%	-
BVPS (₹) ⓘ	2	3.5	7.2	15.6	38.6
Adj Net Profit ⓘ	1.3	1.8	4.2	9	9
Cash Flow from Ops. ⓘ	1.2	1.3	3.8	6.4	-
Debt/CF from Ops. ⓘ	0	0	0.2	0.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	38.8%	110.4%
Adj EPS ⓘ	NA	NA	89.3%	113%
BVPSⓘ	NA	NA	98.8%	117.3%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	55.1	53.2	65.1	65.4	21.2
Op. Profit Mgn % ⓘ	21.9	20.4	41	61.9	NAN
Net Profit Mgn % ⓘ	16	18.3	40	41.3	41
Debt to Equity ⓘ	0	0	0.1	0.2	-
Working Cap Days ⓘ	0	86	114	88	0
Cash Conv. Cycle ⓘ	0	4	12	39	0

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 38.81%

Net Profit is growing at healthy rate in last 3 years 89.27%

Return on Equity has declined versus last 3 years average to 21.20%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	5.7	-
TTM Sales (₹ Cr.)	21.9	-
BVPS (₹) ⓘ	38.6	-
Reserves (₹ Cr.) ⓘ	45	-
P/BV ⓘ	1.29	-
PE ⓘ	8.67	-

From the Market
52 Week Low / High (₹)	29.01 / 81.60
All Time Low / High (₹)	29.01 / 81.60
Market Cap (₹ Cr.)	77.6
Equity (₹ Cr.)	15.6
Face Value (₹)	10
Industry PE ⓘ	23

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Icodex Publishing - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Sales	8.18	9.54	10.40	21.88
Operating Expenses > ⓘ +	6.42	7.59	6.14	8.45
Manufacturing Costs	0.05	0.09	0.01	0
Material Costs	0	0	0	0
Employee Cost	3.92	5.69	4.91	5.47
Other Costs > ⓘ	2.46	1.81	1.22	2.98
Operating Profit > ⓘ	1.76	1.95	4.26	13.43
Operating Profit Margin (%)	21.5%	20.4%	41.0%	61.4%
Other Income > ⓘ +	0.04	0.18	0.59	0.20
Exceptional Items > ⓘ	0	0	0	0
Interest > ⓘ	0	0.01	0.04	0.22
Depreciation > ⓘ	0.14	0.28	0.36	0.59
Profit Before Tax > ⓘ	1.66	1.84	4.45	12.82
Tax > ⓘ	0.37	0.03	0.05	3.86
Profit After Tax	1.29	1.81	4.40	8.96
PAT Margin (%)	15.7%	19.0%	42.3%	40.9%
Adjusted EPS (₹)	1.1	1.5	3.7	7.3
Dividend Payout Ratio (%)	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	2.38	4.19	8.59	19.05
Share Capital ⓘ	0	0	0	12.24
Reserves ⓘ	2.38	4.19	8.59	6.81
Debt +	0	0.02	0.88	2.99
Long Term Debt	0	0	0	0
Short Term Debt	0	0.02	0.88	2.99
Minority Interest	0	0	0	0
Trade Payables	0.86	1.06	0.27	0.23
Others Liabilities ⓘ	0.61	0.58	0.93	2.49
Total Liabilities ⓘ	3.85	5.85	10.67	24.75
Fixed Assets
Net Fixed Assets ⓘ +	0.71	0.77	0.62	5.35
Gross Block	0.87	1.21	1.42	6.75
Accumulated Depreciation	0.16	0.44	0.80	1.39
CWIP ⓘ	0	0.53	3.38	8.85
Investments ⓘ	0	0	0	0
Inventories	0	0	0	0
Trade Receivables	1.20	1.81	1.37	4.94
Cash Equivalents	1.49	1.68	3.06	3.63
Others Assets ⓘ	0.44	1.06	2.24	1.97
Total Assets ⓘ	3.85	5.85	10.67	24.75

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	1.24	1.27	3.81	6.35
PBT ⓘ	1.66	1.84	4.45	12.82
Adjustment ⓘ	0.10	0.20	0.21	0.57
Changes in Working Capital ⓘ	0.06	-0.48	-0.28	-5.73
Tax Paid ⓘ	-0.58	-0.29	-0.57	-1.30
Cash Flow From Investing Activity ⓘ +	-0.49	-1.10	-3.26	-9.22
Capex	-0.58	-0.87	-3.06	-10.80
Net Investments	0	0	0	0
Others ⓘ	0.09	-0.23	-0.20	1.58
Cash Flow From Financing Activity ⓘ +	0	0.01	0.83	3.44
Net Proceeds from Shares ⓘ	0	0	0	1.50
Net Proceeds from Borrowing ⓘ	0	0	0	0
Interest Paid ⓘ	0	-0.01	-0.03	-0.17
Dividend Paid ⓘ	0	0	0	0
Others ⓘ	0	0.02	0.86	2.11
Net Cash Flow ⓘ	0.75	0.19	1.38	0.57

Finance Ratio

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	54.06	55.11	68.79	64.81
ROCE (%)	69.62	56.17	65.56	82.78
Asset Turnover Ratio	2.13	1.97	1.26	1.24
PAT to CFO Conversion(x)	0.96	0.7	0.87	0.71
Working Capital Days
Receivable Days	54	58	56	53
Inventory Days	0	0	0	0
Payable Days	0	0	0	0

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Icodex Publishing Solutions Ltd FAQs

The current trading price of Icodex Publishing on 10-Apr-2026 16:59 is ₹49.63.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Apr-2026 the market cap of Icodex Publishing stood at ₹77.61 Cr

The latest P/E ratio of Icodex Publishing as of 09-Apr-2026 is 8.67.

The latest P/B ratio of Icodex Publishing as of 09-Apr-2026 is 1.29.

The 52-week high of Icodex Publishing is ₹81.60 and the 52-week low is ₹29.01.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Icodex Publishing is ₹21.88 ( Cr.) .

About Icodex Publishing Solutions Ltd

Icodex Publishing Solutions Limited was incorporated on May 28, 2018 as ‘Icodex Publishing Solutions Private Limited’, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by the Registrar of Companies, Central Registration Centre. Subsequently, pursuant to a resolution passed by the Board of Directors in their meeting held on June 14, 2024 and by the Shareholders in their Extra Ordinary General meeting (EGM) held on June 25, 2024, the name of the Company was changed to ‘Icodex Publishing Solutions Limited’ and a fresh certificate of incorporation dated August 20, 2024 was issued by the Registrar of Companies, Central Processing Centre.

Icodex Publishing Solutions was incorporated with a focus to provide software products to the scholarly and academic publishing industry. Since inception, the company is engaged in the business of Software Product Development for Scholarly Publishing. The company’s Software products help in publication of research papers, studies and academic articles; that help researchers, academicians, and scholars in their field of work. It specializes in a developing and providing publishing products and software, which support the publishing process, i.e., from manuscript preparation till print and digital content distribution.

The company also provides Business Process Management services that support the publishing process with activities like Quality assurance checks, editorial services and back-end support to its Global Publishing Client. The company also provides IT support services which includes installation of all kinds of hardware and peripherals and back-end support.

The company operates as a software service provider for a Global Publishing Company (Client) headquartered in the United States (US) that provides content and services for research, education and professional development. The Client publishes books, journals, reference works and other materials in print and online in scientific, technical, medical and scholarly fields. Its software service includes providing various software to the authors, publishers and peer reviewers in the publishing ecosystem using which all the three stakeholders can ease their individual level of work in the publication of ultimate articles and/or research papers vide reduction in time and ease of use.

Business area of the company

The company is engaged in the business of Software Product Development for Scholarly Publishing. The company also provides Business Process Management services that support the publishing process with activities like Quality assurance checks, editorial services and back-end support to its Global Publishing Client.

Awards and accreditations

February 2022: The company obtained the Information Security Management System as per ISO/IEC 27001:2013 from TUV NORD.

History and milestones

May 2018: Incorporation of the company under the name of Icodex Publishing Solutions Private Limited.
January 2019: Company took its first Delivery Centre on lease at Office No.302, Marisoft 1, Marigold Complex, Kalyani Nagar, Pune.
January 2021: The company was recognized as a start-up by the Department for Promotion of Industry and Internal Trade (DIPP).

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Icodex Publishing Solutions Ltd (544483) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Icodex Publishing Share Price