INDIQUBE Spaces Limited (NSE: INDIQUBE, BSE: 544454) is a Bengaluru, Karnataka-based company in the Flexible Workspace Operators industry. With a market capitalisation of ₹3,713 Cr, it ranks #950 by market cap among the 6,197 Indian listed companies on FinBizNet, and #3 of 7 in Flexible Workspace Operators. At ₹185.99 (as of 9 Nov 2026), the share price is 19.8% below its 52-week high of ₹232.01 and 41.8% above its 52-week low of ₹131.15. The share price is down 12.8% over one year and up 0.3% over three months.
| Current Price | ₹185.99 |
|---|---|
| Market Cap | ₹3,713 Cr |
| NSE Symbol | INDIQUBE |
| BSE Code | 544454 |
| Sector | Real Estate > Real Estate Operating Companies > Real Estate Management |
| Sub-Industry | Real Estate Services & Proptech > Flexible Workspace Operators |
| P/E Ratio | Not meaningful (loss) |
| Return on Equity | -20.66% |
| Return on Assets | 3.06% |
| 52-Week Range | ₹131.15 – ₹232.01 |
| 1-Year Price Change | -12.8% |
| 3-Month Price Change | +0.3% |
| Beta (1Y) | 0.63 |
| Headquarters | Bengaluru, Karnataka |
| Website | www.indiqube.com |
| Revenue | ₹472 Cr |
|---|---|
| Net Profit | ₹-6 Cr |
| Net Margin | -1.2% |
| EPS (Basic) | ₹-0.28 |
| Basis | standalone |
Figures in ₹ crore, parsed from the company's exchange filing (XBRL).
INDIQUBE Spaces Limited reported revenue of ₹472 Cr in Q2 FY27, up 34.8% from ₹350 Cr in Q2 FY26 and up 11.6% from ₹423 Cr in Q1 FY27. It posted a net loss of ₹6 Cr for the quarter, against a net loss of ₹30 Cr in Q2 FY26. Across the 6 quarters from Q1 FY26 to Q2 FY27, quarterly revenue ranged from ₹309 Cr (Q1 FY26) to ₹472 Cr (Q2 FY27). The company reported a net loss in 6 of these 6 quarters.
| Quarter | Revenue | Net Profit | Net Margin |
|---|---|---|---|
| Q2 FY27 | ₹472 Cr | −₹6 Cr | −1.2% |
| Q1 FY27 | ₹423 Cr | −₹24 Cr | −5.6% |
| Q4 FY26 | ₹401 Cr | −₹23 Cr | −5.6% |
| Q3 FY26 | ₹390 Cr | −₹17 Cr | −4.4% |
| Q2 FY26 | ₹350 Cr | −₹30 Cr | −8.5% |
| Q1 FY26 | ₹309 Cr | −₹37 Cr | −11.9% |
Standalone figures (₹ crore, XBRL filings).
Promoters held 60.12% of INDIQUBE Spaces Limited's shares as of Sept 2026, against 60.60% in Sept 2025 (−0.48 percentage points). Delivery averaged 60.9% of traded volume across 16 NSE sessions (15 Oct 2026 – 9 Nov 2026).
IndiQube Spaces Limited provides workplace solutions and value-added services in India. The company engages in the business of leasing of network of shared workspaces of fully or partly equipped premises. The company also provides IndiQube Grow offers smart workplaces; DeignQube, 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 1999 and is based in Bengaluru, India.
1. Leasing of Managed Commercial Workspaces of Equipped Premises-This segment engages in leasing network of shared workspaces of fully or partly equipped premises. 2. NA-NA 3. NA-NA 4. NA-NA
1. Leasing of Managed Commercial Workspaces of Equipped Premises-100%
| Company | Market Cap | P/E | ROE | Latest Qtr Revenue | 1Y Change |
|---|---|---|---|---|---|
| WeWork India Management Limited | ₹9,015 Cr | 120.5 | 25.04% | ₹768 Cr | +6.4% |
| Smartworks Coworking Spaces Limited | ₹5,475 Cr | 505 | 1.98% | ₹591 Cr | -12.5% |
| INDIQUBE Spaces Limited | ₹3,713 Cr | n/m | -20.66% | ₹472 Cr | -12.8% |
| EFC (I) Limited | ₹2,572 Cr | 10.3 | 28.84% | ₹332 Cr | -43.8% |
| Awfis Space Solutions Limited | ₹1,728 Cr | 24.3 | 14.01% | ₹439 Cr | -53.4% |
| Dev Accelerator Limited | ₹410 Cr | 39 | 4.77% | ₹80 Cr | -5.7% |
| Nukleus Office Solutions Limited | ₹75 Cr | 34.9 | — | — | +8.8% |
Listed by market capitalisation. Ratios are shown for context only.
INDIQUBE Spaces Limited is trading at ₹185.99, with a market capitalisation of ₹3,713 Cr.
INDIQUBE Spaces Limited operates in the Real Estate > Real Estate Operating Companies > Real Estate Management space (Real Estate Services & Proptech > Flexible Workspace Operators).
INDIQUBE Spaces Limited has a return on equity of -20.66%.
INDIQUBE Spaces Limited is listed on the NSE under the symbol INDIQUBE and on the BSE under the scrip code 544454.
INDIQUBE Spaces Limited's share price is down 12.8% over one year and up 0.3% over three months. Its 52-week range is ₹131.15 to ₹232.01.
In Q2 FY27, INDIQUBE Spaces Limited reported revenue of ₹472 Cr and net profit of ₹-6 Cr, with basic EPS of ₹-0.28 (standalone, parsed from the company's exchange filing).
INDIQUBE Spaces Limited reported revenue of ₹472 Cr in Q2 FY27, up 34.8% from ₹350 Cr in Q2 FY26 and up 11.6% from ₹423 Cr in Q1 FY27.
Promoters held 60.12% of INDIQUBE Spaces Limited's shares as of Sept 2026, against 60.60% in Sept 2025 (−0.48 percentage points).
Data as of 9 Nov 2026. Descriptive market data only — not investment advice.