Icds Limited (ICDSLTD) · mywealthgrid

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About

Icds Limited operates in Diversified Commercial Services within the Industrials sector.

Face value: ₹10

Market cap

₹60 Cr

P/E

93.0×

P/B

2.0×

Dividend yield

ROE

3.7%

ROCE

4.8%

Debt / equity

OPM

11.3%

EPS (TTM)

₹0.5

Book value

₹23.0

52-week high

—

52-week low

—

1,286 historical price candles were omitted because the exchange source has not been verified.

₹46.5-9.6%1Y

Quick read

rule-based

Pros

+Profit CAGR of 42.1% over the last 3 years
+Revenue CAGR of 17.9% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 23.8×

Cons

−Low return on equity of 5.4% (3-yr avg)
−Expensive at 93× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

42/100

Business quality: 44
Growth: 33
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	6	3	2	1	1	2	2	4	2
	2	2	5	4	2	2	2	1	2	2
	4	4	-2	-2	-1	-1	0	1	2	0
OPM %	68.8%	68.8%	-78.6%	-107.7%	-63.8%	-42.7%	6.3%	36.8%	52.8%	11.3%
Depreciation	0	0	0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0
	1	1	1	2	2	7	1	2	1	2
Profit before tax	4	4	-2	-1	1	6	1	2	3	1
Tax	1	1	0	0	6	0	0	0	2	0
Tax %	29.6%	29.6%	7.5%	15.5%	627.5%	1.7%	28.3%	14%	52.2%	20.4%
	3	3	-2	-1	-5	6	0	2	1	1
PAT margin %	56.2%	56.2%	-63.4%	-44.8%	-512.4%	499.2%	19.8%	89.5%	35.9%	45.6%
EPS (₹)	2.4	2.4	-1.4	-0.6	-4.1	4.5	0.3	1.6	1.1	0.8
EPS adjusted (₹)	2.4	2.4	-1.4	-0.6	-4.1	4.5	0.3	1.6	1.1	0.8
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	13	13	13	13	13	13	13	13	13	13	13
Reserves	4	5	15	13	12	6	12	12	15	16	17
	1	0	1	1	0	0	0	0	0	0	0
	6	6	4	1	1	1	1	1	1	3	3
Total equity & liabilities	24	25	32	27	26	20	27	27	29	32	33
	0	0	0	0	0	4	4	0	0	0	0
CWIP	—	—	—	—	—	0	0	0	0	0	0
Investments	9	9	7	4	2	11	11	11	13	12	12
	16	16	25	23	23	5	12	16	16	20	21
Total assets	24	25	32	27	26	20	27	27	29	32	33

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Rent on premises	2.02	1.36	10.83	0.84	9.99	13.61
Trading Activities	0.28	-0.28

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	-78.6%	-107.7%	-63.8%	-42.7%	6.3%	36.8%	52.8%	11.3%
EBIT margin %	-83.4%	-127.1%	-96.2%	-70.9%	-12.5%	21.1%	43.3%	-4.6%
PAT margin %	-63.4%	-44.8%	-512.4%	499.2%	19.8%	89.5%	35.9%	45.6%
Working capital
Receivable days	10	22	38	22	15	29	8	14
Inventory days	—	—	0	0	0	0	0	0
Payable days	5	10	15	26	24	18	14	12
NWC days	—	—	23	-4	-9	11	-5	2
Leverage
Current ratio	5.81	6.64	16	14.61	15.62	24.75	4.96	6.29
Debt to EBITDA	—	—	—	—	2.5	0.15	0.13	0
Debt to equity	0.03	0.01	0.01	0.02	0.01	0	0.01	0
Interest coverage	-28	-7.9	13.7	-7.3	9.8	30.5	37.6	23.8
Asset turnover	0.11	0.07	0.05	0.04	0.07	0.08	0.12	0.07
Return ratios
Return on assets %	-6.8%	-3.1%	-26.3%	21.9%	1.4%	7.1%	4.3%	3.3%
Return on capital employed %	-6.1%	-2.4%	4.9%	-2.2%	2.3%	9%	10.5%	4.8%
Return on equity %	-7.3%	-3.3%	-27.8%	23.2%	1.5%	7.4%	4.8%	3.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.39%	51.39%	51.39%	51.39%	51.39%	51.39%	51.39%	51.39%	51.39%	51.39%	51.39%	51.39%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	4.87%	4.87%	4.87%	4.87%	4.87%	4.87%	4.87%	4.87%	4.87%	4.87%	4.87%	4.87%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	43.74%	43.74%	43.74%	43.74%	43.74%	43.74%	43.74%	43.74%	43.74%	43.74%	43.74%	43.74%
No. of shareholders	—	—	—	—	—	—	—	—	8,377	8,330	8,363	8,340

Promoter holding up 0 percentage points since Sep 2023.

12 deals · 1 Oct 2021 – 19 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 Sept 2025	ORION STOCKS LTD	Bulk	NSE	Sell	96,339	₹50.82	₹0.49 Cr
19 Sept 2025	ORION STOCKS LTD	Bulk	BSE	Buy	83,349	₹50.12	₹0.42 Cr
19 Sept 2025	IRAGE BROKING SERVICES LLP	Bulk	NSE	Buy	80,193	₹50.86	₹0.41 Cr
19 Sept 2025	IRAGE BROKING SERVICES LLP	Bulk	BSE	Sell	77,441	₹50.12	₹0.39 Cr
19 Sept 2025	ORION STOCKS LTD	Bulk	NSE	Buy	49,419	₹50.11	₹0.25 Cr
19 Sept 2025	IRAGE BROKING SERVICES LLP	Bulk	NSE	Sell	43,243	₹49.92	₹0.22 Cr
19 Sept 2025	IRAGE BROKING SERVICES LLP	Bulk	BSE	Buy	40,491	₹50.35	₹0.20 Cr
19 Sept 2025	ORION STOCKS LTD	Bulk	BSE	Sell	39,125	₹50.32	₹0.20 Cr
26 Mar 2025	MANIPAL HIGH SCHOOL TRUST	Bulk	BSE	Sell	1,71,006	₹44.19	₹0.76 Cr
26 Mar 2025	KANARA CONSUMER PRODUCTS LIMITED	Bulk	BSE	Buy	1,71,006	₹44.19	₹0.76 Cr

1–10 of 12

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. SUJIR PRABHAKARExecutive Director-Chairperson-MD
Mr. Katapady Bhujangesha KamathNon-Executive and Independent Dlrector
Mr. TONSE SACHIN PAINon-Executive - Non Independent Director
Mr. KALSANK UMESH KININon-Executive - Non Independent Director
Mr. KATAPADY BHUJANGESHA KAMATHNon-Executive - Independent Director
Mrs. ROOPASHREE ROOPASHREENon-Executive - Independent Director
Mr. JAYARAM VITTAL PRABHUNon-Executive - Independent Director
Mr. Vasudeva NayakChief Financial Officer
Ms. Veena HedgeCompany Secretary And Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Icds Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

4 announcementsExport CSV

4 Sept 2026, 1:28 pmCompany Update

Reply To Clarification On Significant Movement In Price Of Securities.

General PDF

4 Sept 2026, 12:57 pmCompany Update

Clarification Sought On Significant Movement In Price Of Securities.

General PDF

4 Sept 2026, 11:46 amCompany Update

Clarification sought from ICDS Ltd

Clarification

1 Sept 2026, 5:03 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
4 Sept 2026, 1:28 pm	Company Update General	Reply To Clarification On Significant Movement In Price Of Securities.	PDF
4 Sept 2026, 12:57 pm	Company Update General	Clarification Sought On Significant Movement In Price Of Securities.

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	-78.6%	-107.7%	-63.8%	-42.7%	6.3%	36.8%	52.8%	11.3%
EBIT margin %	-83.4%	-127.1%	-96.2%	-70.9%	-12.5%	21.1%	43.3%	-4.6%
PAT margin %	-63.4%	-44.8%	-512.4%	499.2%	19.8%	89.5%	35.9%	45.6%
Working capital
Receivable days	10	22	38	22	15	29	8	14
Inventory days	—	—	0	0	0	0	0	0
Payable days	5	10	15	26	24	18	14	12
NWC days	—	—	23	-4	-9	11	-5	2
Leverage
Current ratio	5.81	6.64	16	14.61	15.62	24.75	4.96	6.29
Debt to EBITDA	—	—	—	—	2.5	0.15	0.13	0
Debt to equity	0.03	0.01	0.01	0.02	0.01	0	0.01	0
Interest coverage	-28	-7.9	13.7	-7.3	9.8	30.5	37.6	23.8
Asset turnover	0.11	0.07	0.05	0.04	0.07	0.08	0.12	0.07
Return ratios
Return on assets %	-6.8%	-3.1%	-26.3%	21.9%	1.4%	7.1%	4.3%	3.3%
Return on capital employed %	-6.1%	-2.4%	4.9%	-2.2%	2.3%	9%	10.5%	4.8%
Return on equity %	-7.3%	-3.3%	-27.8%	23.2%	1.5%	7.4%	4.8%	3.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
International Gemological Institute LimitedIGILIGIL	₹13,482 Cr	₹13,482 Cr	₹1,363 Cr	₹827 Cr	60.9%	₹610 Cr	44.5%	61.1%	49.1%	36
Wework India Management LimitedWEWORKWEWORK	₹8,931 Cr	₹9,264 Cr	₹2,589 Cr	₹1,676 Cr	64.5%	₹84 Cr	3.1%	12.4%	25%	-18
Nesco LimitedNESCONESCO	₹7,249 Cr	₹7,249 Cr	₹951 Cr	₹482 Cr	52.6%	₹417 Cr	44.3%	17%	14.7%	1
Indiabulls LimitedIBULLSLTDIBULLSLTD	₹6,856 Cr	₹7,314 Cr	₹1,101 Cr	₹417 Cr	33.2%	₹419 Cr	41.5%	—	8.9%	—
Inox Green Energy Services LimitedINOXGREENINOXGREEN	₹6,384 Cr	₹6,472 Cr	₹280 Cr	₹28 Cr	8.2%	₹121 Cr	36.8%	8.5%	5.6%	405
Leap India LimitedLEAPINDLEAPIND	₹6,036 Cr	₹7,054 Cr	₹730 Cr	₹157 Cr	21.5%	₹62 Cr	8.6%	9.5%	9.6%	-520
Smartworks Coworking Spaces LimitedSMARTWORKSSMARTWORKS	₹5,837 Cr	₹6,044 Cr	₹1,963 Cr	₹1,260 Cr	64.3%	₹28 Cr	0.6%	7.5%	2%	-102
Elevate Campuses LimitedELEVATEELEVATE	₹5,811 Cr	₹9,931 Cr	₹569 Cr	₹405 Cr	71.3%	₹174 Cr	30.6%	9.3%	21.1%	—
Nirlon LimitedNIRLONNIRLON	₹5,467 Cr	₹6,614 Cr	₹317 Cr	₹237 Cr	79.1%	₹127 Cr	34.3%	23.2%	59.8%	-56
Quess Corp LimitedQUESSQUESS	₹5,023 Cr	₹5,023 Cr	₹15,835 Cr	₹327 Cr	2%	₹253 Cr	1.5%	19.2%	19.7%	19
Indiqube Spaces LimitedINDIQUBEINDIQUBE	₹4,187 Cr	₹4,477 Cr	₹1,564 Cr	₹952 Cr	60.8%	₹-93 Cr	-7.3%	5.7%	-20.7%	-273
Sanghvi Movers LimitedSANGHVIMOVSANGHVIMOV	₹3,719 Cr	₹4,393 Cr	₹1,177 Cr	₹426 Cr	37.4%	₹199 Cr	17.2%	18%	15%	77

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2	1	-3	-2	-2	-1	-1	6	-6	1	2
	-0	-0	2	2	2	1	0	-6	6	-1	-1
	0	-1	0	0	-1	-0	0	-0	-0	0	-0
Net cash flow	-2	-0	-0	0	-0	-0	0	-0	0	-0	1
Free cash flow	—	—	-3	-2	-2	-1	-1	6	-6	1	2
CFO / Operating profit %	—	27.6%	-75.8%	—	—	—	—	—	-714.3%	51.5%	600%

Icds Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

Announcements

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Financial Services · revenue

Icds Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Financial Services · revenue

1

1