Indiqube Spaces Limited (INDIQUBE) AI Stock Analysis

0 Followers

Indiqube Spaces Limited

(NSE:INDIQUBE)

Select Model

Rating:54.5Neutral

Price Target:INR 173.00▼(-7.88% Downside)

Action:reiterated

Date:08/24/26

The overall score reflects a high-growth, cash-generative business whose strong revenue and cash flow trends are offset by persistent losses and a highly leveraged balance sheet, making the fundamentals still fragile. Supporting this, current technicals show a healthy uptrend with solid but not overheated momentum, while a weak valuation profile driven by negative earnings and lack of dividend tempers the attractiveness of the stock at present.

Positive Factors

Strong Revenue GrowthRapid revenue expansion indicates stronger customer demand and increasing scale across the workspace platform. If maintained, this growth can improve operating leverage, support broader center utilization, and provide a larger base from which the company can build more durable cash generation.

Negative Factors

High and Rising LeverageThe sharp increase in debt alongside thin or negative equity materially weakens financial resilience. High leverage raises refinancing and downside risk, absorbs future cash through financing obligations, and leaves less flexibility to invest or withstand weaker occupancy, pricing, or operating performance.

Indiqube Spaces Limited (INDIQUBE) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 39.64B
Dividend Yield: ―
Average Volume (3M): 42.63K
Price to Earnings (P/E): -57.2
Beta (1Y): 0.87
Revenue Growth: ―
EPS Growth: ―
Country: India
Employees: 764
Sector: General
Sector Strength: 55
Industry: Real Estate - Services

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 furnishe...

How the Company Makes Money

Indiqube Spaces Limited makes money primarily by monetizing workspace capacity and workplace services through commercial arrangements with enterprise and other business customers. Key revenue streams typically include: (1) Workspace charges: recurrin...

Indiqube Spaces Limited Financial Statement Overview

Summary

Financial performance is mixed: revenue and assets have grown rapidly and operating/free cash flows are strong and rising, but profitability remains weak with persistent net losses, a swing back to operating losses in 2026, and a highly leveraged balance sheet that adds financial risk.

Income Statement

46Neutral

Balance Sheet

35Negative

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	14.90B	15.28B	10.59B	8.31B	5.80B	3.44B
Gross Profit	5.25B	-3.07B	9.39B	7.42B	5.16B	3.16B
EBITDA	7.29B	5.10B	6.55B	2.61B	2.57B	1.40B
Net Income	-1.06B	-1.06B	-1.40B	-3.42B	-1.98B	-1.88B
Balance Sheet
Total Assets	65.11B	65.11B	46.85B	36.68B	29.69B	22.84B
Cash, Cash Equivalents and Short-Term Investments	3.85B	3.85B	59.44M	3.71M	104.42M	3.23M
Total Debt	52.07B	52.07B	40.88B	30.49B	29.26B	21.60B
Total Liabilities	59.97B	59.97B	46.88B	35.37B	32.77B	24.22B
Stockholders Equity	5.15B	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 Technical Analysis

Technical Analysis SentimentPositive

Last Price187.80

Price Trends

50DMA188.05Negative

100DMA182.55Positive

200DMA173.66Positive

Market Momentum

MACD-0.13Negative

RSI56.17Neutral

STOCH88.22Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDIQUBE, the sentiment is Positive. The current price of 187.80 is above the 20-day moving average (MA) of 176.01, below the 50-day MA of 188.05, and above the 200-day MA of 173.66, indicating a neutral trend. The MACD of -0.13 indicates Negative momentum. The RSI at 56.17 is Neutral, neither overbought nor oversold. The STOCH value of 88.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INDIQUBE.

Indiqube Spaces Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:INDIQUBE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:EFCIL	63Neutral	INR 25.19B	8.53	―	―	36.51%	33.06%
IN:AURUM	62Neutral	INR 16.58B	57.97	―	―	68.14%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:INDIQUBE	55Neutral	INR 39.97B	-57.24	―	―	―	―
IN:SCILAL	54Neutral	INR 17.15B	47.39	―	1.51%	19.06%	―
IN:SMARTWORKS	53Neutral	INR 58.49B	105.25	―	―	―	―
IN:TEXINFRA	48Neutral	INR 16.70B	178.07	―	0.12%	5.51%	―

* General Sector Average

Performance Comparison

IN:INDIQUBE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:INDIQUBE	Indiqube Spaces Limited	187.80	-30.90	-14.13%
IN:AURUM	Aurum Proptech Limited	211.75	45.95	27.71%
IN:SCILAL	Shipping Corporation of India Land and Assets Limited	36.45	-12.32	-25.26%
IN:TEXINFRA	Texmaco Infrastructure & Holdings Limited	128.05	28.73	28.93%
IN:SMARTWORKS	Smartworks Coworking Spaces Limited	521.95	-52.95	-9.21%
IN:EFCIL	EFC (I) Ltd.	166.65	-125.20	-42.90%

Indiqube Spaces Limited Corporate Events

Indiqube Spaces Corrects Schedule for Investor Meetings

Sep 15, 2026

Indiqube Spaces Limited has issued a corrigendum to its earlier disclosure on the schedule of analyst and institutional investor meetings under SEBI Listing Regulations. The company clarified that the Ahmedabad meeting will now be held on Friday, Sep...

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 ed...

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.

Date of analysis: Aug 22, 2026

Indiqube Spaces Limited AI Stock Analysis