ICDS Ltd. (ICDSLTD) AI Stock Analysis

• Market Cap: ₹638.31M
• Dividend Yield: N/A
• Average Volume (3M): 5.41K
• Price to Earnings (P/E): 30.6
• Beta (1Y): 1.49
• Revenue Growth: 80.50%
• EPS Growth: 16.47%
• Country: IN
• Employees: 14
• Sector: Services
• Sector Strength: N/A
• Industry: Real Estate - Services
• EPS (TTM): 1.06
• Shares Outstanding: 13,026,700
• 10 Day Avg. Volume: 288
• 30 Day Avg. Volume: 5,411
• PEG Ratio: -1.39
• Price to Book (P/B): 2.07
• Price to Sales (P/S): 15.52
• P/FCF Ratio: 62.99
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹54.00
• Price Target Upside: 10.20% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: ₹54.00 ▲(10.20% Upside)

ICDS Ltd. demonstrates strong financial performance with robust revenue growth and profitability, which is the most significant factor in its score. However, mixed technical indicators and a high P/E ratio suggest caution. The absence of earnings call data and corporate events limits further insights.

ICDS Ltd. Business Overview & Revenue Model

Company Description

ICDS Limited engages in trading shares and securities, and mobiles and accessories in India. It also engages in the rental of investment properties; and marketing of life and general insurance products. The company was formerly known as Industrial Credit and Development Syndicate Ltd. and changed its name to ICDS Limited in December 1992. ICDS Limited was incorporated in 1971 and is headquartered in Manipal, India.

How the Company Makes Money

ICDS Ltd. generates revenue through a variety of financial services. The company earns money primarily by charging interest on loans and credit facilities provided to clients. Additionally, ICDS Ltd. generates income through fees and commissions associated with investment products and advisory services. The firm's partnerships with other financial institutions and its extensive client network also contribute to its revenue streams, enabling it to leverage synergies and expand its market reach. By maintaining a strong focus on customer service and product innovation, ICDS Ltd. continues to bolster its earnings and sustain competitive advantage in the financial sector.

ICDS Ltd. Financial Statement Overview

Summary

ICDS Ltd. has shown strong financial recovery with consistent revenue growth and improved profitability. The balance sheet is robust with low debt reliance, and cash flow operations have improved. However, historical volatility in profits and cash flows suggests a need for cautious optimism.

Income Statement

ICDS Ltd. has demonstrated consistent revenue growth, with a 10.9% increase from 2024 to 2025. This is accompanied by a significant improvement in profitability, as evidenced by a gross profit margin of 100% and an increasing net profit margin from previous years. The EBIT and EBITDA margins also reflect solid operational efficiency, although previous periods showed volatility. Overall, the income statement highlights strong growth and profitability, though past fluctuations suggest a need for sustained stability.

Balance Sheet

The balance sheet of ICDS Ltd. shows healthy financial leverage with a low debt-to-equity ratio. The equity ratio remains robust at around 90%, indicating strong capitalization and low reliance on debt. The company's return on equity has been erratic, but the recent positive net income suggests a favorable turnaround. While the stability is commendable, historical fluctuations in equity returns indicate a need for a cautious approach.

Cash Flow

ICDS Ltd. has shown improvement in cash flow operations, with a notable increase in free cash flow. The operating cash flow to net income ratio is positive, indicating efficient cash generation relative to earnings. However, the historical volatility in cash flows, particularly with past negative free cash flows, suggests potential risks in maintaining consistent cash generation. Overall, the cash flow statement reflects a positive trend but requires vigilance to ensure sustained performance.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	15.02M	38.68M	35.12M	22.59M	12.75M	10.87M
Gross Profit	4.11M	39.02M	30.14M	16.56M	7.96M	4.53M
EBITDA	4.20M	33.77M	27.99M	9.61M	63.39M	14.34M
Net Income	491.00K	14.03M	20.35M	3.81M	58.36M	-53.83M
Balance Sheet
Total Assets	284.48M	321.95M	286.62M	268.32M	266.09M	204.83M
Cash, Cash Equivalents and Short-Term Investments	106.15M	69.45M	78.38M	80.08M	52.29M	56.54M
Total Debt	2.29M	2.63M	3.59M	2.96M	9.26M	8.19M
Total Liabilities	11.47M	32.52M	11.23M	13.19M	13.95M	11.19M
Stockholders Equity	273.01M	289.43M	275.39M	255.13M	252.14M	193.63M
Cash Flow
Free Cash Flow	3.66M	9.53M	1.83M	63.56M	-8.35M	-8.76M
Operating Cash Flow	3.66M	10.57M	10.04M	63.62M	-5.39M	-8.75M
Investing Cash Flow	0.00	-14.18M	-5.88M	-61.71M	2.31M	9.07M
Financing Cash Flow	0.00	1.14M	-1.63M	-1.97M	3.14M	-751.00K

ICDS Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 49.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ICDSLTD, the sentiment is Negative. The current price of 49 is below the 20-day moving average (MA) of 50.15, above the 50-day MA of 48.10, and below the 200-day MA of 49.61, indicating a neutral trend. The MACD of 0.40 indicates Positive momentum. The RSI at 45.62 is Neutral, neither overbought nor oversold. The STOCH value of 12.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ICDSLTD.

ICDS Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ICDSLTD	69 Neutral	₹638.31M	30.63	―	―	80.50%	16.47%
ELDEHSG	63 Neutral	₹8.00B	48.08	―	1.14%	14.01%	-51.36%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
CCHHL	44 Neutral	₹2.75B	56.82	―	―	14.67%	―
CINEVISTA	44 Neutral	₹1.00B	―	―	―	3385.07%	-363.24%