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← CockpitCompetitor Analysis › INDIQUBE.NS Indiqube Spaces LimitedOpen in the cockpit ↗

Indiqube Spaces LimitedINDIQUBE.NSCompetitor analysis, valuation and peers

India · INR·Realty›Real Estate Development
Momentum strong 63
Mkt cap
$418M
US dollars, full cap
Free float
16%
of shares outstanding
$/day
$90,118
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 11.7%
Hurdle
n/a
no reverse DCF
Next earnings
117 days
3 Mar 2027
Close · INR₹184.32
1D+2.4%
1W+8.5%
1M-5.3%
3M+1.4%
6M+6.8%
YTD-12.2%
1Y-13.6%
ATR %5.2%
Beta0.62
52w lowhigh20.6% off high

What Indiqube Spaces does

Employees: 764

Indiqube Spaces at a glance

Size Indiqube Spaces (INDIQUBE.NS) is an India Real Estate company (Real Estate Development) with a market value of $418M, the 922nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹184.32 on 6 Nov 2026.

Performance Over six months the shares gained 6.8%, against -10.8% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 37.0% over the last twelve months (peer median -2.9%); the operating margin is -4.8% (peer median 24.5%).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026INDIQUBE.NS 109Peer median 89
Six months, rebased to 100: Indiqube Spaces against the median of its 20 peers (local-currency closes).

Indiqube Spaces financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹17.8B₹14.5B₹10.6B₹8.31B₹5.80B
Revenue growth—+37%+28%+43%—
Gross profit₹4.45B₹2.28B₹1.64B₹1.26B₹541M
EBITDA₹6.44B₹4.37B₹2.88B-₹234M₹494M
Net income-₹695M-₹1.06B-₹1.40B-₹3.42B-₹1.98B
Free cash flown/a₹4.71B₹3.31B₹3.34B₹1.41B
Capital expendituren/a₹4.27B₹2.58B₹1.90B₹1.72B
Total debt₹57.2B₹52.1B₹40.9B₹30.5B₹29.3B

Quarterly statements and history in the cockpit →

Indiqube Spaces competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%-20%0%+20%0272YFID39909940TPFGSFPN9993ORIASBB-B000609KOLTEPATILTCI3252000421CLRAGIIL600322RAYMONDRELINDIQUBE.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Indiqube Spaces is the large dot.

Indiqube Spaces competitors and peer comparison

How Indiqube Spaces compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Indiqube Spaces against its 20 peers (data as of 6 Nov 2026)
MeasureINDIQUBE.NSPeer medianRank in peer set
1-month return-5.3%-2.5%8th lowest of 21
6-month return+6.8%-10.8%4th highest of 21
Distance from 52-week high-20.6%-23.9%10th highest of 21
Revenue growth (TTM)+37.0%-2.9%2nd highest of 20
Operating margin-4.8%24.5%5th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Indiqube Spaces INDIQUBE.NSIndia$418M+7%+37%-5%n/an/an/a
Shui On Land 0272.HKHong Kong$419M-25%-47%35%n/an/an/a
Fidere Patrimonio Socimi SAU YFID.MCSpain$423M-8%0%38%n/an/an/a
Midea Real Estate 3990.HKHong Kong$413M-33%-93%21%n/an/an/a
Sinyi Realty 9940.TWTaiwan$412M-6%-3%8%n/an/an/a
Property Franchise TPFG.LUnited Kingdom$412M+3%+8%28%n/an/an/a
SF Urban Properties SFPN.SWSwitzerland$425M+4%-1%47%n/an/an/a
Radiance Holdings (Group) 9993.HKHong Kong$410M-22%-25%-24%n/an/an/a
Fiducial Real Estate ORIA.PAFrance$428M-4%-5%41%n/an/an/a
Samhallsbyggnadsbolaget I Norden SBB-B.STSweden$429M-31%-30%45%n/an/an/a
Beijing Zodi Investment 000609.SZChina$429M-34%+123%-62%n/an/an/a
Kolte-Patil Developers KOLTEPATIL.NSIndia$430M+19%+8%9%n/an/an/a
John Mattson Fastighetsforetagen JOMA.STSweden$406M-10%+5%65%n/an/an/a
Transcontinental Realty Investors TCIUnited States$430M+40%+5%-18%n/an/an/a
Melcor Developments MRD.TOCanada$405M+2%-10%35%n/an/an/a
JINUSHI 3252.TJapan$400M-13%+37%13%n/an/an/a
Nanjing Public Utilities Development 000421.SZChina$437M-20%-40%1%n/an/an/a
Clerhp Estructuras CLR.MCSpain$399M+154%-19%40%n/an/an/a
Agi Infra AGIIL.NSIndia$398M-19%+4%31%n/an/an/a
Tianjin Jintou State-owned Urban Development 600322.SSChina$398M-12%-79%-127%n/an/an/a
Raymond Realty RAYMONDREL.NSIndia$398M-13%n/a16%n/an/an/a

Questions

Which companies are Indiqube Spaces's closest peers?
The cockpit's peer set: Shui On Land (0272.HK), Fidere Patrimonio Socimi SAU (YFID.MC), Midea Real Estate (3990.HK), Sinyi Realty (9940.TW), Property Franchise (TPFG.L), SF Urban Properties (SFPN.SW), Radiance Holdings (Group) (9993.HK), Fiducial Real Estate (ORIA.PA).
How has Indiqube Spaces stock performed?
Over six months to 6 Nov 2026 the shares returned +6.8% against -10.8% for the median peer; over one year -13.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.