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Indiqube Spaces Limited
(INDIQUBE)
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Rating:56Neutral
Price Target:
₹196.00
▼(-4.60% Downside)
Action:Reiterated
Date:08/22/26
The score is driven by improving cash generation and strong technical momentum, but is capped by elevated balance-sheet leverage with limited equity protection and ongoing losses/weak profitability, which also limits valuation support (negative P/E and no dividend yield provided).
Positive Factors
Strong Revenue Growth
Rapid revenue expansion indicates strong demand for managed and flexible workspace solutions. Continued top-line growth can improve operating scale, support hub expansion, and strengthen the company’s competitive position over the next several months.
Negative Factors
High and Rising Leverage
The sharp increase in debt raises refinancing, interest, and downside risks over the medium term. A debt-heavy structure can constrain investment flexibility and leave the company more exposed if occupancy or cash generation weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Rapid revenue expansion indicates strong demand for managed and flexible workspace solutions. Continued top-line growth can improve operating scale, support hub expansion, and strengthen the company’s competitive position over the next several months.
Read all positive factors
Indiqube Spaces Limited (INDIQUBE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹43.24B
Dividend YieldN/A
Average Volume (3M)25.65K
Price to Earnings (P/E)―
Beta (1Y)0.90
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees764
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-1.48
Shares Outstanding211,997,630
10 Day Avg. Volume18,642
30 Day Avg. Volume25,646
Financial Highlights & Ratios
PEG Ratio1.24
Price to Book (P/B)5.29
Price to Sales (P/S)1.78
P/FCF Ratio5.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.68
Revenue Forecast (FY)₹18.76B
Indiqube Spaces Limited Business Overview & Revenue Model
Company Description
IndiQube Spaces Limited is an Indian company dedicated to providing comprehensive workplace solutions and supporting services. The core of their business involves leasing a network of shared office spaces, which are available as either fully furni...
How the Company Makes Money
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Indiqube Spaces Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
28
Negative
Cash Flow
67
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.50B | 15.28B | 10.59B | 8.31B | 5.80B | 3.44B |
| Gross Profit | 3.24B | -3.07B | 9.39B | 7.42B | 5.16B | 3.16B |
| EBITDA | 2.24B | 5.10B | 6.55B | 2.61B | 2.57B | 1.40B |
| Net Income | -298.67M | -1.06B | -1.40B | -3.42B | -1.98B | -1.88B |
Balance Sheet | ||||||
| Total Assets | 60.19B | 65.11B | 46.85B | 36.68B | 29.69B | 22.84B |
| Cash, Cash Equivalents and Short-Term Investments | 5.10B | 3.85B | 59.44M | 3.71M | 104.42M | 3.23M |
| Total Debt | 47.70B | 52.07B | 40.88B | 30.49B | 29.26B | 21.60B |
| Total Liabilities | 54.69B | 59.97B | 46.88B | 35.37B | 32.77B | 24.22B |
| Stockholders Equity | 5.50B | 5.15B | -31.11M | 1.31B | -3.08B | -1.39B |
Cash Flow | ||||||
| Free Cash Flow | 2.50B | 4.71B | 3.54B | 3.52B | 1.52B | 1.55B |
| Operating Cash Flow | 4.29B | 8.98B | 6.12B | 5.42B | 3.24B | 2.02B |
| Investing Cash Flow | -6.16B | -7.47B | -2.59B | -1.93B | -1.74B | -466.89M |
| Financing Cash Flow | 2.29B | -1.46B | -3.37B | -3.65B | -1.49B | -1.76B |
Indiqube Spaces Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹224.96B | 37.19 | ― | 0.16% | 16.97% | 22.00% | |
62 Neutral | ₹573.84B | 34.95 | ― | 0.54% | 18.11% | 5.18% | |
60 Neutral | ₹329.34B | 41.71 | ― | 0.00% | 26.24% | 41.60% | |
56 Neutral | ₹43.24B | -45.51 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹417.01B | 109.38 | ― | 5.87% | 13.59% | -76.35% | |
42 Neutral | ₹35.40B | -300.44 | ― | ― | -42.84% | -46.09% |
* General Sector Average
IN:INDIQUBE
Indiqube Spaces Limited
205.00
-16.90
-7.62%
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Indiqube Spaces Limited Corporate Events
Indiqube Spaces Files Q1 FY27 Earnings Call Transcript With Exchanges
Aug 18, 2026
Indiqube Spaces Limited has submitted to Indian stock exchanges the official transcript of its Q1 FY27 earnings conference call, held on August 13, 2026, covering financial results for the quarter ended June 30, 2026. The company has also made the...
Indiqube Spaces Sets August 12 Virtual AGM, Files 2025-26 Annual Report
Jul 7, 2026
Indiqube Spaces Limited has scheduled its 12th Annual General Meeting for August 12, 2026, at 10:00 A.M. IST, to be conducted via video conferencing and other audio-visual means in line with regulatory guidance from the Ministry of Corporate Affai...
Indiqube Spaces Schedules Investor Meet in Mumbai Under SEBI Disclosure Norms
Jun 19, 2026
Indiqube Spaces Limited has scheduled an analyst and institutional investor meeting on June 24, 2026, in Mumbai, where it will engage with a group of investors through one-on-one and group discussions based solely on publicly available information...
Indiqube Schedules Virtual Investor and Analyst Meet on June 15
Jun 10, 2026
Indiqube Spaces Limited has announced that its officials will meet investors and analysts in a group meeting organized by Valorem Advisor on June 15, 2026, via a virtual mode. The company stated that only publicly available information will be dis...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.