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Prices as of 8 Oct 2026 close · Not investment advice

ICDS Limited

NSE: ICDSLTDDiversified Commercial ServicesTrade-to-trade true

Share price

₹43.48

-4.82% close of 8 Oct 2026

Market cap ₹57 CrP/E 87.2

Business score

How strong the business is, in one number. The parts behind it are in Pro.

51

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹57 Cr

P/E ratio

87.2

P/B ratio

1.9

ROCE

7.2%

ROE

5.5%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹71.4552-week low ₹37.60

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Sep 2017 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Sep 2017 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 87.2× earnings it costs 3.6× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 28.0×, across 4 companies. It is against its own five-year median of 45.7×, the 92nd percentile of its own range.

Whether growth justifies the valuation

Priced at 1.4 times its growth rate, on earnings growth of 62%.

Profit growthPrice per ₹1 profitPer 1% growth
ICDS Limited — this one62%/yr87.2×₹1.4
Nirlon Limited30%/yr15.6×₹0.52
Smartworks Coworking Spaces Limited28%/yr196.4×₹7.0
Inox Green Energy Services Limited66%/yr37.5×₹0.57
Quess Corp Limited9%/yr18.5×₹2.1
Indiqube Spaces Limited14%/yr——

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Diversified Commercial Services), it ranks 28 of 40 on returns, 32 of 36 on growth, 15 of 40 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 7.2% on capital, ahead of 30% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹9 crore of cash from the business, spent ₹0 crore on plant and equipment, and returned ₹0 crore to lenders and shareholders. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back faster than it used to: it went from being waiting 1657.9 days for its cash to waiting 656.7 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 11 Aug 2026 · Consolidated · Unaudited

Revenue

₹1 Cr

Revenue vs last year

-20.2%

Revenue vs last quarter

+18.1%

Net profit

₹1 Cr

Profit vs last year

-32.3%

Net margin

152.1%

EPS

₹0.72

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹57 Cr
Prev close
₹43.48
52w High
₹77.7
52w Low
₹36.4
Enterprise value
₹48 Cr
Beta
0.3
Price CAGR 1y
-10.0%
Price CAGR 3y
20.0%
Price CAGR 5y
-10.0%
Price CAGR 10y
—

Ratios

Return on assets
3.3%
PEG ratio
1.4
P/E ratio
87.2
P/B ratio
1.9
EV / EBITDA
—
Industry P/E
16.8
ROCE
7.2%
ROCE 5y average
5.7%
ROE
5.5%
Debt / Equity
0.0
Interest coverage
23.8
Dividend yield
0.0%
ROE 3y average
6.0%
ROE last year
6.0%

Annual P&L

Annual revenue
₹2 Cr
Annual profit
₹1 Cr
Operating margin
41.0%
Net profit margin
45.6%
EBITDA margin
41.0%
Sales growth 3y
7.6%
Sales growth 5y
19.8%
Profit growth 3y
62.0%
Profit growth 5y
18.0%
EPS
₹0.8
Sales growth TTM
-46.0%
Profit growth TTM
-69.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹1 Cr
Profit latest quarter
₹1 Cr
YoY quarterly sales growth
-20.8%
YoY quarterly profit growth
-32.6%
OPM latest quarter
1.6%

Balance Sheet

Book Value
₹23.0
Face Value
₹10.0
Total debt
₹0 Cr
Total cash
₹4 Cr
Borrowings
₹0 Cr
Reserves / Equity
1.3

Cash Flow

Operating cash flow
₹2 Cr
Free cash flow
₹2 Cr
FCF yield
2.6%
Net cash flow
₹1 Cr

Shareholding

Promoter holding
51.4%
FII holding
—
DII holding
4.9%
Public holding
43.7%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
International Gemological Instit317.0522.513,7020.80165.731.0370.823.269.3
Wework India673.15108.09,3480.00-4.668.7680.227.420.6
Indiabulls32.4915.77,5770.00141.035647.5359.5292.316.2
NESCO1,028.9017.47,2500.68100.04.0211.89.618.5
NDR INVIT Trust153.0070.47,0081.7236.0-5.4124.022.15.1
Leap India148.03111.86,5210.0024.730.2203.419.18.3
Inox Green135.8746.55,7010.0040.884.843.3-23.08.1
ICDS45.6891.5600.000.9-32.60.6-20.87.2
Median162.8016.74290.008.438.283.815.714.8

Competes with: Indiabulls Limited, Inox Green Energy Services Limited, International Gemmological Institute (India) Limited, Leap India Limited, Nesco Limited, Nirlon Limited, Smartworks Coworking Spaces Limited, WeWork India Management Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.500.570.500.710.520.530.512.350.770.530.570.520.61
Expenses0.380.380.290.380.390.270.350.840.400.440.310.970.60
Material Cost000000
Change in Inventories000000
Purchases of Stock-in-Trade000000
Employee Cost0.100.120.160.160.040.12
Other Expenses0.730.290.280.160.920.48
Operating Profit0.120.190.210.330.130.260.161.510.370.090.26-0.450.01
OPM %2433424625493164481746-871.64
Other Income0.990.81-0.050.200.710.700.39-0.481.27-0.170.380.061.12
Exceptional items (within Other Income)000000
Interest0.020.020.020.020.020.020.020.020.020.010.020.010.02
Depreciation0.090.090.090.090.090.090.090.090.090.090.100.100.09
Profit before tax10.890.050.420.730.850.440.921.53-0.180.52-0.501.02
Tax %64.49220265.48242778.709.807213-167.84
Net Profit0.940.85-0.060.310.690.65-0.770.841.38-0.320.46-0.420.93
EPS in Rs0.720.65-0.050.240.530.50-0.590.641.06-0.250.35-0.320.71
Diluted EPS in Rs0.641.06-0.240.35-0.320.72

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5.604.832.806.453.283.110.971.421.922.283.902.392.23
Expenses4.534.142.091.915.283.761.641.671.791.441.481.412.32
Material Cost00
Change in Inventories00
Purchases of Stock-in-Trade00
Employee Cost0.550.48
Other Expenses1.291.64
Operating Profit1.070.690.714.54-2-0.65-0.67-0.250.130.842.420.98-0.09
OPM %19142570-61-21-69-186.77376241-4.04
Other Income0.440.206.720.060.460.372.116.590.831.960.960.831.39
Exceptional items (within Other Income)00
Interest0.330.140.140.070.060.080.080.070.060.080.080.060.06
Depreciation0.150.140.140.140.140.350.340.330.360.360.370.380.38
Profit before tax1.030.617.154.39-1.74-0.711.025.940.542.362.931.370.86
Tax %11164.48306.90156271.6830145220
Net Profit0.900.516.843.10-1.87-0.81-5.385.840.382.041.401.090.65
EPS in Rs0.690.395.252.38-1.44-0.62-4.134.480.291.571.070.840.49
Diluted EPS in Rs1.080.84
Dividend Payout %000000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
-7%
5 years
20%
3 years
8%
TTM
-46%

Compounded profit growth

10 years
12%
5 years
18%
3 years
62%
TTM
-69%

Stock price CAGR

10 years
—
5 years
-10%
3 years
20%
1 year
-10%

Return on equity

10 years
3%
5 years
4%
3 years
6%
Last year
6%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital131313131313131313131313
Reserves3.483.99121513126.341212151617
Borrowings1.311.310.120.540.720.200.140.480.300.130.260
Other Liabilities2121204.301.070.960.980.911.0112.983.05
Minority Interest0
Total Liabilities393945322726202727293233
Fixed Assets0.240.207.617.497.38111111109.999.739.40
CWIP000000000000
Investments8.768.638.297.184.012.504.544.154.345.825.815.15
Other Assets3030291816125.181212131718
Total Assets393945322726202727293233

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.38-1.950.91-2.88-2.60-1.92-0.88-0.546.360.201.061.62
Cash from Investing Activity6.20-0.260.032.442.422.460.910.23-6.170.23-1.42-0.83
Cash from Financing Activity-3.470-1.190.420.15-0.54-0.080.31-0.20-0.180.11-0.27
Net Cash Flow2.35-2.21-0.25-0.03-0.03-0.01-0.040.01-0.010.25-0.250.52
Free Cash Flow-0.39-1.960.91-2.89-2.63-1.51-0.88-0.846.350.220.961.57

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2424137.368.9013411815298.4214
Inventory Days2,2662,48812,045
Days Payable374.8751
Cash Conversion Cycle2,2532,50812,0077.368.9013411815298.4214
Working Capital Days7377681,450-182-42-62-601,658-27967356657
ROCE %7.124.093417-6.15-3.694.94-2.262.339.12127.23

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters515151515151515151515151
DIIs4.874.874.874.874.874.874.874.874.874.874.874.87
Public444444444444444444444444
No. of Shareholders8,0568,1677,9948,0038,0858,5358,5008,4448,3778,3308,3638,340

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -16.4% (₹51.99 → ₹43.48)Brick size ₹3.38 (fixed)Bricks 22
₹40.00₹50.00₹60.00₹70.00₹43.48Nov '25Mar '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹43.48 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-8.39inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about ICDS Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Services
Industry
Diversified Commercial Services
Classification
Services › Diversified Commercial Services
ISIN
INE613B01010

Business segments

  • Rent on premises · 85%
  • Trading Activities · 12%
  • Others · 4%

News impact

Big market events that reach ICDS Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 12 rows from NSE's archive (replace 7, delete 1, insert 4), 2021-07-12..2026-05-28 (docs/flat_day_repair.md)1× · 12 Jul 2021

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.