1. Türkiye Stocks

  2. •

    Technology

  3. •

    Computer Hardware
Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi

Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi

INDES.IS
Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim SirketiTR flagIstanbul Stock Exchange
10.80
TRY
-0.21
- -
8.10BMarket Cap
Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi
INDES.IS
(Istanbul Stock Exchange)

Recent

price

10.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.64
2.02
1.78
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
182.51
Revenue per Share
0.02
0.02
0.02
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
1.29
Basic EPS, GAAP
0.06
0.03
0.04
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
3.92
Free Cash Flow per Basic Share
0.01
0.01
0.01
0.02
- -
0.03
0.05
0.05
0.09
0.05
0.03
0.06
1.15
0.56
0.49
- -
- -
Dividend per Share
0.14
0.16
0.17
0.15
0.18
0.21
0.22
0.38
0.44
0.52
0.68
1.14
5.06
1.65
1.79
2.45
3.02
Book Value per Share
0.16
0.18
0.18
0.19
0.23
0.27
0.29
0.47
0.65
0.75
0.87
1.44
14.48
6.52
8.16
8.6
9.9
Tangible Book Value per Share
750
750
750
750
750
750
750
750
750
750
750
750
224
750
750
750
750
Basic Weighted Avg Shares
1,228
1,514
1,336
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
136,885
Sales/Revenue/Turnover
3.76
3.69
2.61
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
3.44
Operating Margin (%)
1
1
1
1
2
3
3
3
3
9
15
18
71
109
130
178
200
Depreciation Expense
13
18
17
5
25
45
52
156
122
93
143
403
157
734
429
519
970
Net Income, GAAP
23.44
25.6
9.78
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
49.65
Effective Tax Rate (%)
1.07
1.22
1.25
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
0.71
Profit Margin (%)
98
119
109
107
119
149
164
304
416
491
552
998
2,506
3,152
3,835
3,597
4,268
Working Capital
8
12
5
4
42
67
2
17
4
12
11
7
11
29
620
1,958
2,181
LT Debt
120
138
140
145
172
208
223
356
495
568
667
1,093
3,274
4,931
6,647
7,138
8,153
Total Equity
27.8
25.02
18.08
10.92
18.14
18
15.15
15.4
8.19
13.44
14.58
14.65
6.52
23.2
15.71
12.36
21.84
Return on Invested Capital (%)
68.29
21.59
25.04
12.42
23.18
25.67
20.55
50.61
31.15
19.58
20.42
32.9
18.99
71.19
59.16
39.97
76.87
Return on Capital (%)
17.67
16.47
13.57
4.35
20.5
31.18
32.79
70.01
39.67
25.74
31.93
59.05
15.85
61.91
33.31
32.72
53.86
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2,179
4,117
2,519
LT Borrowings
1,793
1,866
2,103
LT Finance Leases
93
92
78
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
750
750
750
Market Capitalization
6,188
5,895
6,525

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
27,399
33,527
34,444
Cash, Cash Equivalents & STI
4,435
6,764
5,514
Accounts Receivable, Net
17,799
20,491
20,347
Inventories
4,462
5,103
7,328
Total Current Liabilities
23,073
29,930
30,177
Payables & Accruals
- -
- -
- -
ST Debt
2,179
4,117
2,519
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20,320
16,326
19,308
21,637
87,256
2025
24,039
17,106
60,016
29,878
91,600
2026
29,885
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.17
0.06
- -
0.57
2025
0.16
0.15
0.47
- -
0.69
2026
0.43
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.49
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
ideaForge Technology Limited (IDEAFORGE.BO)
Realfiction Holding AB (publ) (REALFI.ST)
Jolimark Holdings Limited (2028.HK)
Readboy Education Holding Company Limited (2385.HK)
Promise Technology, Inc. (3057.TW)
Solrom Holdings Ltd (SLRM.TA)
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.