Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret A.S

Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret A.S

BBIST:INDES
11.36
TRY
-0.11
(-0.96%)
1.44EPS
7.52P/E
8.53BMarket Cap
Nov 10Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.15
2.94
4.51
5.06
6.29
5.2
7.07
13.67
17.46
204.05
94.78
116.34
122.13
205.74
Basic EPS, GAAP
0.01
0.03
0.06
0.07
0.21
0.16
0.12
0.19
0.54
0.7
0.98
0.57
0.69
1.51
Free Cash Flow per Basic Share
0.05
-0.03
-0.16
0.39
0.17
0.19
-0.33
1.29
0.99
0.55
2.4
5.02
0.91
2.99
Dividend per Share
0.02
- -
0.03
0.05
0.05
0.09
0.05
0.03
0.06
1.15
0.56
0.49
- -
- -
Book Value per Share
0.17
0.2
0.24
0.26
0.42
0.5
0.59
0.74
1.26
3.97
6.19
8.22
8.91
11.31
Tangible Book Value per Share
0.17
0.2
0.23
0.25
0.42
0.49
0.58
0.72
1.25
3.93
6.13
7.52
8
10.29
Basic Weighted Avg Shares
750
750
750
750
750
750
750
750
750
224
750
750
750
750
Sales/Revenue/Turnover
1,615
2,206
3,385
3,794
4,720
3,903
5,303
10,255
13,092
45,707
71,084
87,256
91,600
154,302
Operating Margin (%)
2.73
2.47
2.71
2.32
1.94
1.89
3.03
2.47
3.12
4
4.12
3.23
3.2
3.93
Depreciation Expense
1
2
3
3
3
3
9
15
18
71
109
130
178
218
Net Income, GAAP
5
25
45
52
156
122
93
143
403
157
734
429
519
1,134
Effective Tax Rate (%)
58.52
20.67
20.46
20.64
20.43
24.38
22.25
26.04
30.85
87.53
50.77
49.75
50.47
55.2
Profit Margin (%)
0.32
1.14
1.33
1.37
3.29
3.12
1.74
1.4
3.08
0.34
1.03
0.49
0.57
0.73
Working Capital
107
119
149
164
304
416
491
552
998
2,506
3,152
3,835
3,597
4,642
LT Debt
4
42
67
2
17
4
12
11
7
11
29
620
1,958
2,302
Total Equity
145
172
208
223
356
495
568
667
1,093
3,274
4,931
6,647
7,138
8,990
Return on Invested Capital (%)
10.06
19.48
17.86
14.03
20.51
15.55
15.13
19.85
20.4
8.91
21.41
15.15
14.15
20.98
Return on Capital (%)
11.8
21.42
24.34
19.37
47.01
29.23
18.55
19.64
31.68
13.56
39.97
31.77
23.57
38.22
Return on Common Equity (%)
4.06
17.79
27.11
27.98
60.9
35.06
22.68
28.79
53.59
8.02
19.27
7.95
8.08
15.97

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,117
2,519
4,313
LT Borrowings
1,866
2,103
2,226
LT Finance Leases
92
78
75
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
750
750
750
Market Capitalization
5,895
6,525
8,527

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
33,527
34,444
41,174
Cash, Cash Equivalents & STI
6,764
5,514
7,260
Accounts Receivable, Net
20,491
20,347
22,467
Inventories
5,103
7,328
9,683
Total Current Liabilities
29,930
30,177
36,532
Payables & Accruals
- -
- -
- -
ST Debt
4,117
2,519
4,313
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
49.43%
71.25%
7.39%
Free Cash Flow
13.73%
255.34%
-81.85%
Net Income, GAAP
68.97%
93.13%
20.95%
Sales/Revenue/Turnover
50.85%
72.01%
4.98%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20,320
16,326
19,308
21,637
87,256
2025
24,039
22,598
60,016
29,878
91,600
2026
29,885
34,523
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.17
0.06
0.08
0.57
2025
0.16
0.2
0.47
0.25
0.69
2026
0.43
0.37
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.02
0.49
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Banu Sürek
Full Time Employees
642
Sector
Distribution services
Industry
Electronics distributors
Address
Ayazaga Mahallesi, Mimar Sinan Sokak Istanbul IB Turkey 34485
IPO Date
Jun 24, 2004
Business
Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Şirketi is a leading Turkish technology distributor specializing in the supply of a broad range of IT products and services. Established in 1989 and headquartered in Istanbul, the company operates primarily within Turkey through its robust network of over 8,000 business partners. Indeks distributes computer hardware including personal computers, tablets, notebooks, and computer components; mobile devices such as smartphones; printers; consumer electronics; software; peripherals; wearable technologies; data storage solutions; smart home products; and various accessories. Additionally, it engages in the sale of spare parts and household electronics while also providing logistics and leasing services. The company operates through key segments including IT technologies and telecommunications alongside logistics and leasing services. Indeks represents more than 200 global technology brands including Apple, HP, Lenovo, Canon, LG, Microsoft, Intel, Asus, Epson, Western Digital, Sandisk, and Kingston. It strategically channels these products to IT firms, enterprises, and retail customers throughout Turkey. Indeks’s group structure incorporates several subsidiaries such as Datagate AŞ, Despec AŞ, Netex AŞ, and HB Bilişim AŞ, which strengthen its market presence with expanded portfolios that include virtual reality, AI-based products, cloud solutions, data center infrastructure, and extensive value-added distribution capabilities. In recent years, Indeks has executed significant strategic moves including the full acquisition of Netex AŞ in 2020, enhancing its value-added IT solutions portfolio by integrating infrastructure, cloud, security, and big data products under one roof. In 2024, HB Bilişim AŞ joined the group, expanding Indeks’s offerings into GSM technology solutions, refurbishment, and technical services for mobile devices. The company also announced an equity buyback program in 2024 aimed at optimizing its capital structure. Indeks continues to consolidate its position as Turkey’s foremost IT distributor, maintaining its leadership through partnerships, diversified product ranges, and comprehensive service offerings tailored to technology markets within Turkey. Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Şirketi trades on the Borsa Istanbul (BIST) under the ticker INDES.IS, reflecting its status as a key player in the Turkish IT sector with sustained growth and expanded market reach across multiple technology segments and regions within the country. The company remains focused on innovation, expanding its service capabilities in emerging technologies and strengthening relationships with global technology brands to meet evolving customer demands. Its operational scope includes comprehensive IT product distribution, telecommunications, consumer electronics, software, and related logistics services, making it a comprehensive technology solutions provider in Turkey.