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    Real Estate - Services
ICDS Limited

ICDS Limited

ICDSLTD.NS
ICDS LimitedIN flagNational Stock Exchange of India
40.21
INR
+0.21
- -
523.80MMarket Cap
ICDS Limited
ICDSLTD.NS
(National Stock Exchange of India)

Recent

price

40.21

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
4.6
0.39
1.46
3.34
3.25
2.79
6.31
4.26
1.5
1.92
0.83
0.98
1.73
2.7
3
1.84
1.83
Revenue per Share
8.82
0.31
2.33
1.34
0.69
0.39
5.25
2.38
-1.43
-0.62
-4.13
4.48
0.29
1.56
1.08
0.84
0.84
Basic EPS, GAAP
-1.48
0.35
-0.26
-1.06
-0.3
-1.52
0.7
-2.22
-2.02
-1.53
-0.67
-0.64
4.88
0.14
0.73
1.2
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2.83
3.14
5.48
6.82
7.5
8.49
13.7
16.05
14.55
13.9
9.7
14.19
14.42
15.97
17.1
10.01
9.96
Book Value per Share
8.17
8.43
10.7
11.99
12.67
13.66
18.87
21.22
19.72
19.06
14.86
19.36
19.59
21.14
22.28
23.03
22.9
Tangible Book Value per Share
13
13
13
13
13
13
13
13
13
13
13
13
13
13
13
13
13
Basic Weighted Avg Shares
60
5
19
43
42
36
82
55
20
25
11
13
23
35
39
24
24
Sales/Revenue/Turnover
198.03
-160.18
-30.64
-9.09
-4.24
-8.82
83.32
67.7
-118.34
-58.15
77.85
340.64
4.47
49.45
43.42
-4.53
-4.53
Operating Margin (%)
1
1
1
1
2
1
1
1
1
3
3
3
4
4
4
4
4
Depreciation Expense
115
4
30
17
9
5
68
31
-19
-8
-54
58
4
20
14
11
11
Net Income, GAAP
7.69
0.85
- -
3.72
10.44
16.57
4.39
29.52
- -
- -
628.84
1.7
28.73
13.77
52.14
20.18
20.18
Effective Tax Rate (%)
191.8
81.01
159.97
40.18
21.18
14.1
83.22
55.9
-95.41
-32.46
-495.26
457.8
16.84
57.95
35.95
45.7
45.74
Profit Margin (%)
9
-10
5
-8
20
-9
64
73
49
42
60
113
85
145
106
127
127
Working Capital
48
- -
- -
- -
- -
8
9
8
7
4
7
4
- -
- -
- -
- -
- -
LT Debt
106
110
139
156
165
178
246
276
257
248
194
252
255
275
289
300
300
Total Equity
96.82
-4.52
- -
-1.97
-0.84
-1.42
28.72
9.69
- -
- -
-19.47
18.42
0.28
5.57
2.83
-0.29
-0.29
Return on Invested Capital (%)
266.31
8.47
- -
13.85
7.28
4.22
43.07
15.28
- -
- -
-35.63
35.94
2.21
10.43
6.58
6.4
6.41
Return on Capital (%)
- -
10.47
54.17
21.82
9.6
4.91
47.29
15.99
-9.36
-4.38
-35.03
37.51
2.04
10.28
6.52
6.2
6.21
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
- -
13
Market Capitalization
711
597
538

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
179
- -
151
Cash, Cash Equivalents & STI
115
- -
88
Accounts Receivable, Net
1
- -
1
Inventories
- -
- -
- -
Total Current Liabilities
25
- -
24
Payables & Accruals
- -
- -
- -
ST Debt
1
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.62%
9.59%
3.53%
Free Cash Flow
-113.24%
-95.78%
63.44%
Net Income, GAAP
160.64%
15.97%
-22.08%
Sales/Revenue/Turnover
12.28%
24.48%
-38.69%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5
6
5
19
35
2025
5
5
5
23
39
2026
8
5
6
5
24

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.72
0.65
-0.04
- -
1.56
2025
0.53
0.6
-0.59
0.64
1.08
2026
1.06
-0.24
0.35
-0.32
0.84

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
ICDS Limited (NSE: ICDSLTD) engages in trading shares and securities, mobiles and accessories, and rental of investment properties in India; it also markets life and general insurance products through agency arrangements. The company operates through four main segments: financial services focused on recovery of loans and advances, trading activities including shares, securities, and consumer electronics, rent from investment premises, and other operations such as insurance marketing and limited hospitality ventures. Incorporated in 1971 as Industrial Credit and Development Syndicate Ltd. and renamed ICDS Limited in December 1992, it is headquartered in Syndicate House, Manipal, India, with a network of branches across the country and a subsidiary, Manipal Properties Limited. Originally formed as a non-banking financial company (NBFC) succeeding the nationalized Syndicate Bank, ICDS Limited previously offered hire purchase, lease financing, bill discounting, and loans to industrial units before surrendering its NBFC registration to RBI and shifting focus to non-fund-based activities, debt recovery, and diversified trading. In recent developments, the company maintains its emphasis on liability repayment and operational streamlining with no major acquisitions, funding rounds, or new product launches reported in 2024-2025; it continues partnerships for insurance marketing and money transfer services via Wall Street Finance Ltd., while listed on NSE and BSE with ongoing recovery efforts supporting modest profitability.