Indiqube Spaces share price, P/E, ROE & financials

As of 6 Nov 2026, Indiqube Spaces is loss-making on a trailing 12-month basis, with a net loss of ₹69 Cr, so it has no P/E ratio. The share price is ₹184.32, 21% below its 52-week high. Sales grew 36% a year over 3 years. Debt is 11.73× equity. It is a small-cap company with a market cap of ₹3,908 Cr, ranked 5th of 64 Real Estate Services companies by market cap; the shares fell 15% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹180.01
Day high: ₹188.00
Day low: ₹180.01
Prev. close: ₹180.01
Volume: 17.1K

Health check

1 fair · 5 to check

ReturnsIn line
−15.3% over a year, better than 3 of 7 peers.
Price tagLoss-making
Earnings were negative over the last 12 months.
GrowthUnder pressure
Sales +35.8% a year over 3 years, but loss-making now.
ProfitabilityWeak
ROCE 5.5% vs peer median 7.6%.
Balance sheetStretched
Debt 11.73× equity, interest covered 0.7×, Piotroski 5 of 9.
Red flags4 to check
Loss-making over the last twelve months.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Real Estate Services

63 listed peers. Screen the industry

Small cap

₹3,908 Cr, #5 of 64 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹1,701 Cr · profit ₹−69 Cr

Market cap: ₹3,908 Cr; Small cap
P/E: n/a; Industry 21.3
Price to book: 7.92; Peers 2.81
Dividend yield: 0.00%
ROE: −13.4%; Peers 10.5%
ROCE: 5.5%; Peers 7.6%
Debt to equity: 11.73; Debt ₹5,718 Cr
EPS (TTM): −₹4.49; Face value ₹1
OPM (TTM): 60.8%; Net margin −4.1%
Sales growth: +36.7%; Latest quarter vs a year ago
Profit growth: n/a; Year-ago quarter not reported
Price to sales: 2.30; EV/EBITDA 15.9

Strengths

Quarterly sales up 36.7% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

Loss-making over the last twelve months.
Return on equity is low at −13.4%.
Debt is 11.73× equity.
Interest coverage of only 2.0×.

Derived automatically from reported figures. Not a recommendation.

About Indiqube Spaces

IndiQube Spaces Limited engages in the business of leasing of network of shared workspaces of fully or partly equipped premises and other related activities. The company also provides IndiQube Grow offers smart workplaces; DesignQube, a personalized workplace; IndiQare, an all-in-one solution that streamlines operations; MiQube maximizes efficiency in workspace management; and IndiQubeEco, an ecofriendly workspace. The company was founded in 2015 and is…

Headquarters: Bengaluru
Employees: 764
Sector: Real Estate
ISIN: INE06ST01018
Website: indiqube.com

Price range

52 weeks

₹131.15₹232.01

Today

₹180.01₹188.00

Avg volume (3M): 63.9K
1-year return: minus 15.3%
From 52-week high: minus 20.6%

Analyst consensus

6 analysts

No consensusMean target ₹266.83 44.8%

Target range, with today’s price

Low ₹186.00High ₹316.00

Today’s price ₹184.32 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Real Estate Services

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ABRELAditya Birla Real Estate	1,068.40	minus 1.99%	11,853	–	–	−5.2%	−3.6%	0.79	−52.6%	minus 41.3%
WEWORKWeWork India Management	681.65	plus 1.04%	9,466	95.7	9.4	12.3%	64.2%	16.44	–	plus 6.7%
SMARTWORKSSmartworks Coworking Spaces	515.85	plus 4.91%	5,900	52.4	9.2	7.4%	65.3%	10.29	36.2%	minus 18.9%
NIRLONNirlon	635.00	minus 0.57%	5,722	20.4	12.6	23.3%	77.4%	2.42	5.4%	plus 16.4%
INDIQUBEIndiqube Spaces	184.32	plus 2.39%	3,908	–	9.9	5.5%	60.8%	10.12	35.8%	minus 15.3%
ELPROINTLElpro International	169.55	plus 0.26%	2,874	22.3	50.5	7.6%	36.2%	0.60	58.2%	plus 60.9%
EFCILEFC (I)	165.12	plus 0.22%	2,443	8.3	8.1	16.0%	44.5%	1.73	115.7%	minus 43.6%
AURUMAurum PropTech	210.15	minus 2.83%	2,029	58.4	23.1	1.8%	25.5%	0.21	44.3%	plus 25.8%
Median of 7 peers	–	0.22%	5,722	37.4	11.0	7.6%	44.5%	1.73	40.2%	6.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
309	350	390	401	423
121	142	153	153	164
188	208	237	248	258
60.8%	59.4%	60.8%	61.8%	61.2%
14.8	16.5	21.2	24.3	26.1
110	107	112	119	127
143	156	169	177	188
−50	−38.7	−23.1	−23.9	−30.5
26.4%	22.8%	26.1%	5.2%	21.7%
−36.8	−29.9	−17.1	−22.7	−23.9
-1.75	-1.48	-0.81	-1.07	-1.13

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +35.8%
ROE: −13.4%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
580	831	1,059	1,451
–	+43.3%	+27.5%	+37.0%
323	570	441	566
257	261	618	885
44.4%	31.4%	58.4%	61.0%
111	270	33.3	63.8
187	254	325	439
298	392	487	645
−111	−270	3.3	−0.3
−228	−385	−157	−136
13.1%	11.3%	11.2%	21.6%
−198	−342	−140	−106
-9.43	-16.26	-6.65	-5.28

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
0.2	1.2	20.2	21.2
−308	128	−30.5	494
2,926	3,049	4,088	5,207
352	490	608	790
2,969	3,668	4,685	6,511
2,568	3,159	4,070	5,328
25.8	77.3	123	119
1	1	–	274
10.4	0.4	6	385
364	430	486	405
2,969	3,668	4,685	6,511

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
324	542	612	920
−174	−193	−259	−737
−149	−365	−337	−178
0.9	−15.3	15.2	5.5
−172	−190	−258	−427
152	352	354	494

Shareholding pattern

Source: NSE filings

60.1%

promoters

Promoters60.12%
Public39.88%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	60.12%	39.88%	plus 0.01
30 Jun 2026	60.11%	39.89%	plus 0.01
31 Mar 2026	60.10%	39.90%	plus 0.06
31 Dec 2025	60.04%	39.96%	minus 0.56
30 Sep 2025	60.60%	39.40%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you