Are Indiqube Spaces latest results good or bad?

Indiqube Spaces' latest results show strong revenue growth of 44.52% year-on-year, reaching ₹350.14 crores, but the company continues to face profitability challenges with a net loss of ₹29.87 crores for the quarter, marking its eighth consecutive loss. While revenue growth is promising, ongoing financial difficulties raise concerns about its long-term stability and path to profitability.

Indiqube Spaces' latest results present a mixed picture. On one hand, the company has shown significant revenue growth, with net sales increasing by 44.52% year-on-year, reaching ₹350.14 crores in Q2 FY26. This marks the highest quarterly revenue in the company's history, indicating strong demand for its co-working solutions and successful expansion efforts.<BR><BR>However, the company continues to face challenges with profitability, reporting a net loss of ₹29.87 crores for the quarter. While this represents a 43.13% improvement year-on-year and an 18.75% reduction from the previous quarter, it still raises concerns as this marks the eighth consecutive quarter of losses. The operating margin, although strong at 59.37%, has contracted slightly from the previous quarter due to rising employee costs.<BR><BR>Additionally, the company has a negative book value, which raises questions about its financial stability. The heavy interest burden and high depreciation costs further complicate its path to profitability. <BR><BR>In summary, while Indiqube Spaces is experiencing robust revenue growth and improving operational efficiency, the ongoing losses and financial challenges suggest that the overall results are not entirely positive. The sustainability of its growth strategy and the timeline to profitability remain uncertain.

How has been the historical performance of Indiqube Spaces?

Indiqube Spaces has shown significant improvement in net sales and operating profit over the past two years, with net sales rising to 1,059.29 Cr and operating profit reaching 660.20 Cr. However, the company still reported a loss before tax of -157.30 Cr and faces challenges with increasing liabilities.

Answer:<BR>The historical performance of Indiqube Spaces shows significant changes over the past two years.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2025, Indiqube Spaces reported net sales of 1,059.29 Cr, an increase from 830.57 Cr in March 2024. The total operating income also rose to 1,059.29 Cr from 830.57 Cr, while total expenditure decreased to 442.74 Cr from 604.24 Cr. This led to a substantial increase in operating profit (PBDIT), which reached 660.20 Cr compared to 263.42 Cr the previous year. However, the company still reported a loss before tax of -157.30 Cr, an improvement from -384.82 Cr in the prior year, and a profit after tax of -139.62 Cr, up from -341.51 Cr. The earnings per share improved significantly to -10.72 from -1897.28. On the balance sheet, total liabilities increased to 4,558.71 Cr from 3,567.34 Cr, while total assets also rose to 4,558.71 Cr from 3,567.34 Cr. The cash flow from operating activities improved to 611.00 Cr from 542.00 Cr, indicating better operational efficiency, although the net cash inflow was minimal at 15.00 Cr. Overall, while Indiqube Spaces has shown improvement in sales and operational metrics, it continues to face challenges with profitability and increasing liabilities.

Should I buy, sell or hold Indiqube Spaces?

Is Indiqube Spaces overvalued or undervalued?

As of November 14, 2025, Indiqube Spaces is considered overvalued with a negative PE ratio of -32.96 and a low ROE of -25.37%, especially when compared to peers like Altius Telecom, indicating significant financial challenges despite a recent stock return of 7.66%.

As of 14 November 2025, Indiqube Spaces has moved from a fair to an expensive valuation grade. The company is currently considered overvalued, with a PE ratio of -32.96, a Price to Book Value of 8.36, and an EV to EBITDA ratio of 14.40. These ratios indicate significant financial challenges, particularly the negative PE ratio and a low ROE of -25.37%, suggesting inefficiencies in generating profit relative to shareholder equity.<BR><BR>In comparison to its peers, Indiqube Spaces stands out unfavorably. For instance, Altius Telecom is rated very attractive with a PE of 51.5, while other competitors like Embassy Office REIT and Mindspace Business have very expensive valuations with PE ratios of 130.21 and 53.94, respectively. Despite a recent one-week stock return of 7.66% compared to the Sensex's 1.62%, the overall financial metrics and peer comparisons reinforce the conclusion that Indiqube Spaces is overvalued in the current market.

Which are the latest news on Indiqube Spaces?

Why is Indiqube Spaces falling/rising?

As of 03-Dec, Indiqube Spaces Ltd's stock is declining at 206.50, down -0.41%, with a significant drop in investor participation and a bearish trend indicated by trading below moving averages. High debt levels and reduced institutional investment further reflect a lack of confidence in the company's future performance.

As of 03-Dec, Indiqube Spaces Ltd's stock price is falling, currently at 206.50, reflecting a change of -0.85 (-0.41%). The stock has been on a downward trend, having lost -10.20% over the past week and has experienced consecutive declines for the last five days. This performance is notably worse than the benchmark Sensex, which has only declined by -0.59% in the same period.<BR><BR>The stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume on December 2 falling by -73.82% compared to the 5-day average, suggesting reduced interest from traders.<BR><BR>While there are some positive operational metrics, such as the highest operating cash flow and profit margins, these are overshadowed by the company's high debt levels, as indicated by a debt-equity ratio of 7.78 times. This high debt burden contributes to a weak long-term fundamental strength, which is further exacerbated by poor growth in net sales and operating profit over the past five years. The company's return on capital employed (ROCE) is low at 2.7, and its valuation appears expensive with an enterprise value to capital employed ratio of 1.8.<BR><BR>Moreover, institutional investors have decreased their stake in the company by -17.87% over the previous quarter, which reflects a lack of confidence in the stock's future performance. Collectively, they now hold only 17.05% of the company, indicating a significant withdrawal of support from more knowledgeable market participants. This combination of factors contributes to the stock's current decline.