Indiqube Spaces Limited

Indiqube Spaces Limited

162.08
INR
-6.11
(-3.63%)
-4.47EPS
35.90BMarket Cap
Dec 02Next Earn
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
16.39
27.61
39.55
50.44
71.99
74.88
Basic EPS, GAAP
-8.97
-9.43
-16.26
-6.65
-5.28
-4.47
Free Cash Flow per Basic Share
7.39
7.38
17.08
17.09
25.14
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
-6.6
-14.67
6.17
-0.49
24.28
- -
Tangible Book Value per Share
-6.87
-15
5.76
-0.85
24.06
- -
Basic Weighted Avg Shares
210
210
210
210
202
209
Sales/Revenue/Turnover
3,441
5,797
8,306
10,593
14,508
15,642
Operating Margin (%)
-2.16
8.76
13.16
12.38
16.53
16.71
Depreciation Expense
2,212
2,982
3,922
4,871
6,454
6,903
Net Income, GAAP
-1,884
-1,981
-3,415
-1,396
-1,063
-935
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-54.74
-34.17
-41.12
-13.18
-7.33
-5.98
Working Capital
-2,887
-3,181
-4,540
-5,975
-3,821
- -
LT Debt
19,771
26,910
27,250
36,443
46,874
- -
Total Equity
-1,385
-3,081
1,306
-31
5,147
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
5,197
- -
LT Borrowings
- -
1,693
- -
LT Finance Leases
- -
45,181
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
212
212
212
Market Capitalization
44,477
28,749
35,902

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
6,203
- -
Cash, Cash Equivalents & STI
- -
3,853
- -
Accounts Receivable, Net
- -
1,126
- -
Inventories
- -
7
- -
Total Current Liabilities
- -
10,025
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
5,197
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-16,646.09%
Free Cash Flow
- -
- -
41.14%
Net Income, GAAP
- -
- -
-23.83%
Sales/Revenue/Turnover
- -
- -
36.96%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2,423
2,522
2,679
2,969
10,593
2026
3,093
3,501
3,899
4,014
14,508
2027
4,227
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-2
-2.5
-0.65
-1.49
-6.65
2026
-1.75
-1.48
-0.81
-1.07
-5.28
2027
-1.13
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Rishi Das
Full Time Employees
764
Sector
Finance
Industry
Real estate development
Address
Plot # 53, Careernet Campus Bangalore KA India 560103
IPO Date
Jul 30, 2025
Business
Indiqube Spaces Ltd provides managed, tech-driven, and sustainable workplace solutions through an asset-light model that leases, renovates, and operates commercial properties as plug-and-play offices for enterprises; core offerings include branded workspace solutions such as IndiQube Grow for scalable hubs, Bespoke for customized large offices, One for tech-enabled property and facility management, and MiQube for integrated technology platforms including tenant dashboards, facility task management, visitor systems, and vending services; additional services encompass value-added amenities like catering, transport, creches, fitness centers, EV charging, customized interiors, green renovations, and facility maintenance. The company serves over 769 clients including global capability centers, corporates, unicorns, startups, and sectors such as IT/ITeS, manufacturing, automotive, BFSI, e-commerce, and healthcare, operating a hub-and-spoke network of 115 centers across 15 cities in India, managing 8.4 million square feet with capacity for over 186,700 seats; Bengaluru accounts for the largest footprint at 65 centers spanning 5.43 million square feet. Incorporated in 2015 and headquartered at Plot #53, Careernet Campus, Bengaluru, India, the company follows a strategy of acquiring full Grade-B buildings in high-demand areas for transformation into modern green workspaces, with renovated properties comprising nearly 30% of its portfolio. Recent developments include listing on the National Stock Exchange via an IPO in July 2025 to fund new centers, debt repayment, and corporate purposes; expansion by adding 41 properties and entering five new cities between March 2023 and March 2025, increasing footprint by 3.46 million square feet; conversion to public limited company with name change to Indiqube Spaces Limited on December 17, 2024; and Q2 FY26 results showing 39% sales growth to INR 350 crore alongside rising value-added services contribution to 13% of revenue, despite net losses.