Indiqube Spaces Limited (INDIQUBE)

Small Cap

Indiqube Spaces Limited operates in Co-Working, within the Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹168.19

-8.82 · -4.98%

Market cap ₹4,209 Cr

Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm IST

Details

Quote21 Oct, 03:31 pm IST

Base fundamentals06 Oct 2026 · screener

Latest result12 Aug, 05:28 pm IST

Score21 Oct, 04:30 am IST · v4.3-runtime-valuation

Tags03 May 2026

Coverage13/14 · 93%

Valuation2026-07-20 · Rf 6.8% · Services P/E 17.7 (n=143)

Technical timing lens

Trend score and candlestick chart

33Bearish

SMA20 -2.9% / mo · RSI oversold · MACD −

Stock trend: 33

Sector RS: —

Services FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Compare peers →

Technical chart

INDIQUBED candles · FIT view-4.6%

Latest close ₹168.19 on 2026-10-21

Bar

-5.3%

RSI

MACD hist

-2.84

52W pos

37%

2026-10-21O ₹177.51H ₹178.00L ₹166.89C ₹168.19Vol 60,643 sh

Up bar

Down bar

EMA 20

EMA 50

Volume + 20D avg

Result date

RSI(14)

MACD / signal

Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

INDIQUBENifty 500

INDIQUBE: -2.1%
Nifty 500: -6.5%
Vs Nifty 500: +4.4 pp

Chart stats

21 Oct 2026

From 52W high: -27.5%
52W range position: 37%
ATR (14): 5.3%
Volume vs 20D: 1.42x
Avg traded value: ₹0.8 Cr
20D price channel: ₹166.9 - ₹201.4

No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.

Quarter ended 30 Jun 2026

Average · 32

margin compression · Rev +37% YoY · +5% QoQ

Revenue: ₹423 Cr; YoY +36.9%
PAT: ₹-24 Cr; YoY NDF
Operating margin: 61.0%; QoQ -100 bps
PAT margin: -5.7%; QoQ +7 bps

Filed 12 Aug 2026Full result & history →

Current-quarter concall

Transcript not linked yet

No source-linked earnings-call transcript is available for this company in the active results quarter.

Search Concall Intelligence

Technical snapshot

Positioning and participation

Stage 1 Base / Transition

Current trend context ranked against all active NSE stocks. It describes the chart; it is not a buy or sell signal.

RS percentile: 47; -9 ranks over 20D
Stage 2 entry: Not in Stage 2; Current classification: Stage 1 Base / Transition
Sector rotation: #11; improving · 149 stocks
Industry rotation: —; Fewer than five rank-eligible peers

Trend structure

Below 20-DMABelow 50-DMABelow 200-DMA

RSI (14)

Oversold zone

MACD

Below signal

Histogram -2.84

Volume participation

1.4x average

Versus 20-session average

20-session position

4% of range

₹166.89 low · ₹201.4 high

Relative performance

vs Nifty 500

1M: -6.2 pp; stock -10.7%
3M: +4.4 pp; stock -2.1%
6M: +7.8 pp; stock +2.6%
1Y: -17.1 pp; stock -25.1%

From 52W high

-27.5%

High ₹232.01

52W range position

37%

₹131.15 - ₹232.01

ATR (14)

5.3%

₹8.87

Avg traded value

₹0.8 Cr

20-session average

Current setup

No confirmed setup attached

Review the chart and detailed technical evidence before drawing a conclusion.

Open detailed technicals →

Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.

Suggested next step

Research, do not rush

The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.

U-Score

Legacy · OVERVALUED

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Quarter ended 30 Jun 2026

Average · 32/100

margin compression · Rev +37% YoY · +5% QoQ

Filed 12 Aug 2026

Open results browser →

Metric	This quarter	YoY	QoQ
Revenue	₹423 Cr	+36.9%	+5.5%
EBITDA	₹258 Cr	+37.2%	+4.0%
Operating margin	61.0%	+0 bps	-100 bps
PAT	₹-24 Cr	NDF	NDF
PAT margin	-5.7%	+630 bps	+7 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E: —
P/B: 8.11
EV/EBITDA: 5.73
Market Cap: 4209.00Cr

Profitability

ROE: -42.20%
ROCE: 6.38%
ROA: -1.43%
Dividend Y: —

Growth (CAGR)

Revenue 5Y: 38.00%
EPS 5Y: —
Revenue 3Y: 36.00%
EPS 3Y: 14.00%

Balance Sheet

Debt/Equity: 10.11
Interest Coverage: 2.04×
Altman Z: 1.28
Book Value: 24.30

Cash Flow

FCF Yield: 4.35%
FCF Positive Y: 5/5
OCF: 920.00 Cr
EPS TTM: -4.43

Shareholding

Promoter Hold: 60.11%
Promoter Pledge: 0.00%
Momentum 52W: 63%

Financial History

Updated 21/10/2026

Revenue

₹ Cr

Latest: 423+5.5% vs prev

Net Profit

₹ Cr

Latest: -24.0-4.3% vs prev

ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Bearish setup

Trend is weak — long-term trend down. RSI 25.

Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
SMA20 falling (~3.0% over last month) — short-term momentum negative.
RSI(14) at 25 — oversold zone; bounce conditions.
MACD below signal, histogram expanding negatively — bearish momentum building.
28% off 52W high · 28% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

RS percentile

Stage 1 Base / Transition

1M return

-10.7%

3M return

-2.1%

6M return

-5.3%

1Y return

-20.9%

RS 1D

-6

RS 20D

-9

Sector rank

#11

Industry rank

Stage evidence

Price is within 3.0% of the 30-week proxy.
The 30-week proxy changed +2.2% over 20 sessions.
The moving-average structure does not confirm Stage 2 or Stage 4.

50-DMA

price below

200-DMA

price below

Sector

improving

Industry

unranked

Relative-strength line vs Nifty 500 (base 100)

262 observations

21 Oct 2026Value 76.14-4.11%

RS vs Nifty 50076

Valuation & peers

U-Score 28 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies

Distress Watch

Fundamental score breakdown

U band · OVERVALUED

Valuation4/30

Growth14/25

Quality0/20

Balance Sheet0/15

Cash Flow7/10

Piotroski

5/9 (+3)

Penalties

Raw sum

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

28/100 · legacy band OVERVALUED

Positive drivers

FCF yield is supportive at 4.3%.
Cash flow contributes 7/10 to the score.
Growth contributes 14/25 to the score.

Main drags

Altman Z is 1.3, in distress territory.
Quality is weaker at 0/20; verify the latest quarterly trend.
Balance sheet is weaker at 0/15; verify the latest quarterly trend.

Sector valuation model

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.

Blended relative

Primary lens

PE, EV/EBITDA, margin of safety, and FCF yield together.

Secondary checks

ROE/ROCE, growth, cash conversion, leverage, promoter risk.

Main risk check

One cheap metric is not enough if quality or cash flow is weak.

—

8.1

EV/EBITDA

5.7

ROE

-42.2%

ROCE

6.4%

FCF Yield

4.3%

Debt/Equity

10.1

MoS

—

Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026

v4.3-runtime-valuation

Final score

Previous: 28

Legacy U-Score band

OVERVALUED

Previous: OVERVALUED

Margin of safety

—

Peers

Business-comparable peers in Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗

Ticker

Name

Why peer

Score

ROE

MoS

Verdict

SMARTWORKS

Micro

Smartworks Coworking Spaces Limited

WeWork India Management Limited

Kolte - Patil Developers Limited

Keystone Realtors Limited

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

Indiqube Spaces Limited operates in Co-Working, within the Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Trust Score

62Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 35th percentile of the scored universe and 36th percentile within Services. Main check: balance sheet trust is weak at 22/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026

management-trust-v1

28 docs text-extracted · 8 concalls text-extracted

Score band

Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank

35th percentile

overall median 67 · Services: 36th pctile, median 66 · Small: 40th pctile, median 66

Evidence depth

Financial-only

28 documents have extracted text, but claim history is not strong enough yet.

Claim delivery

Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence

What it measures

Reliability of management and financial delivery, using financial behaviour only.

Confidence

Treat this as an early read until more concalls and outcomes are matched.

Investor use

Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter

strong · holding, pledge, alignment

Cash flow

strong · profit to cash conversion

Balance sheet

weak · leverage and solvency

Discipline

watch · capital discipline

Results

strong · quarterly consistency

Trust positives

▸Promoter holding is 60.1%.
▸Promoter pledge is zero.
▸FCF yield is positive at 4.6%.
▸5 years of positive FCF.

Trust risks

▸Debt/equity is 10.11.
▸Altman Z is 1.26.
▸ROCE is low at 6.4%.
▸ROE is low at -42.2%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Compare Services stocks Browse Indian stocks starting with I Explore fundamental stock screeners Browse Indian investment themes

Related companies

Smartworks Coworking Spaces Limited (SMARTWORKS)Kontor Space Ltd. (KONTOR)WeWork India Management Limited (WEWORK)Kolte - Patil Developers Limited (KOLTEPATIL)Keystone Realtors Limited (RUSTOMJEE)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

Source: Bse

Open source ↗

Verify on:NSE India ↗

All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.

Indiqube Spaces Limited (INDIQUBE)

Trend score and candlestick chart

Technical chart

Relative performance and chart statistics

What the evidence says now

Financials

Quarter ended 30 Jun 2026

Fundamentals

Valuation

Profitability

Growth (CAGR)

Balance Sheet

Cash Flow

Shareholding

Revenue

Net Profit

Technicals

Daily technical trend read

Relative Strength & Trend Stage

Valuation & peers

Fundamental score breakdown

Why this score?

Positive drivers

Main drags

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

Stored run vs live recompute

Score history

Factor attribution

Modelled fair value

Comparable companies

Business, management & trust

Issuer presentation review pending

How to read this Trust Score

Forensic breakdown

Trust positives

Trust risks

Continue researching Indiqube Spaces Limited

Important announcements & filings

Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3 Sep - Intimation of Schedule of Analyst/ Institutional Investor meeting on September 08,2026.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Sep

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Sep - Corrigendum to Intimation of Schedule of Analyst/Institutional Investor Meetings

Aug 2026 · Transcript

Aug 2026 · PPT

Announcement under Regulation 30 (LODR)-Press Release / Media Release 19 Aug - IndiQube secures 1,300-seat Bengaluru workspace deal valued at about ₹68 crore.

Announcement under Regulation 30 (LODR)-Press Release / Media Release 15 Jul - IndiQube adds 3.9 lakh sq. ft. property in Sector 142, Noida, its largest NCR center.

Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Jul

Reg. 34 (1) Annual Report. 7 Jul

Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Jul

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 Jun

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Jun