Icodex Publishing Solutions
ICODEXPUBLISHINGSOLUTIONSLTD NSE
Icodex Publishing Solutions
Information TechnologyNSE: ICODEXPUBLISHINGSOLUTIONSLTD BSE: ICODEX IT Enabled Services
Key Fundamentals
SMEIT Enabled ServicesInformation TechnologyMarket Cap
₹60.60 Cr
Volatility
Moderate
P/E Ratio
8.5
EBITDA
₹10.70 Cr
Return on Equity
47.02%
Debt to Equity
0.13
Book Value
₹36.01
52W High
₹60.79
52W Low
₹29.01
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Stock is trading at 1.08 times its book value
- Company has delivered good profit growth of 48.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.3%
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 163 days.
Growth Rate
Revenue Growth
17.33% lower than
3Y
Net Income Growth
-19.33% lower than
3Y
Cash Flow Change
66.67% lower than
3Y
ROE
-8.15% lower than
3Y
ROCE
30.27% lower than
3Y
EBITDA Margin (Avg.)
-34.84% lower than
3Y
Quarterly Results
| Particulars | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 10.84 | 11.03 | 13.89 | 12.04 |
| Expenses | 4.64 | 3.79 | 6.14 | 9.09 |
| Operating Profit | 6.2 | 7.24 | 7.75 | 2.95 |
| OPM % | 57.2% | 65.64% | 55.8% | 24.5% |
| Other Income | 0.07 | 0.13 | 0.13 | 0.54 |
| Interest | 0.08 | 0.15 | 0.16 | 0.2 |
| Depreciation | 0.17 | 0.42 | 0.37 | 0.38 |
| PBT | 6.02 | 6.8 | 7.35 | 2.91 |
| Tax % | 28.24% | 31.76% | 25.31% | 45.36% |
| Net Profit | 4.33 | 4.63 | 5.5 | 1.59 |
| EPS in Rs | 43,300 | 3.78 | 3.52 | 1.02 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 4.96 | 8.18 | 9.54 | 10.4 | 21.88 | 25.93 |
| Expenses | 3.99 | 6.42 | 7.59 | 6.14 | 8.4 | 15.2 |
| Operating Profit | 0.97 | 1.76 | 1.95 | 4.26 | 13.48 | 10.73 |
| OPM % | 19.56% | 21.52% | 20.44% | 40.96% | 61.61% | 41.38% |
| Other Income | 0.23 | 0.04 | 0.18 | 0.59 | 0.2 | 0.67 |
| Interest | 0.18 | 0 | 0.01 | 0.04 | 0.27 | 0.39 |
| Depreciation | 0.02 | 0.14 | 0.28 | 0.36 | 0.59 | 0.75 |
| PBT | 1 | 1.66 | 1.84 | 4.45 | 12.82 | 10.26 |
| Tax % | 1% | 22.29% | 1.63% | 0.9% | 30.11% | 30.9% |
| Net Profit | 0.99 | 1.29 | 1.81 | 4.4 | 8.96 | 7.09 |
| EPS in Rs | 9,900 | 12,900 | 18,100 | 44,000 | 7.32 | 4.53 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 0 | 0 | 12.24 | 15.64 |
| Reserves | 1.12 | 2.38 | 4.19 | 8.59 | 6.81 | 40.67 |
| Borrowings | 0 | 0 | 0.02 | 0.88 | 2.99 | 7.05 |
| Other Liabilities | 1.26 | 1.46 | 1.64 | 1.2 | 2.72 | 2.83 |
| Total Liabilities | 2.38 | 3.84 | 5.85 | 10.67 | 24.76 | 66.19 |
| Fixed Assets | 0.27 | 0.71 | 0.77 | 0.62 | 5.35 | 6.77 |
| CWIP | 0 | 0 | 0.53 | 3.38 | 8.85 | 21.47 |
| Investments | 0.5 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1.61 | 3.13 | 4.55 | 6.67 | 10.56 | 37.95 |
| Total Assets | 2.38 | 3.84 | 5.85 | 10.67 | 24.76 | 66.19 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | — | 1.24 | 1.27 | 3.81 | 6.35 | 1.64 |
| Investing | — | -0.49 | -1.1 | -3.26 | -12.69 | -35.5 |
| Financing | — | 0 | 0.01 | 0.83 | 3.44 | 33.87 |
| Net Cash Flow | — | 0.75 | 0.19 | 1.38 | -2.9 | 0.01 |
| Free Cash Flow | — | 0.66 | 0.4 | 0.75 | -4.45 | -13.15 |
| CFO/OP | — | 103 | 80 | 103 | 68 | 53 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 65.49 | 53.55 | 69.25 | 48.08 | 82.41 | 163 |
| Cash Conversion Cycle | 65.49 | 53.55 | 69.25 | 48.08 | 82.41 | 163 |
| Working Capital Days | 8.09 | 0.45 | 21.04 | -2.46 | 23.86 | 49.55 |
| ROCE % | — | 94.86% | 56.15% | 65.64% | 83.08% | 24.94% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Icodex Publishing Solutions insights
34 extracted metrics + investor summaries across FY21–FY26.
Documents
1
Board Meeting Outcome for Board Meeting Outcome-Availing Of Credit Facilities From ICICI Bank And Creation Of Charge Thereon
22 Apr - Board approved ₹10.8 crore credit facilities from ICICI Bank on 22 April 2026. 22 Apr - Board approved ₹10.8 crore credit facilities from ICICI Bank on 22 April 2026.
2
Board Meeting Outcome for Board Meeting Outcome-Availing Of Credit Facilities From ICICI Bank And Creation Of Charge Thereon
14h - Board approved ₹10.8 crore credit facilities from ICICI Bank on 22 April 2026. 14h - Board approved ₹10.8 crore credit facilities from ICICI Bank on 22 April 2026.
3
Compliances-Reg.24(A)-Annual Secretarial Compliance
16 Apr - Corporate governance provisions deemed non-applicable for period ended 31 March 2026. 16 Apr - Corporate governance provisions deemed non-applicable for period ended 31 March 2026.
4
Clarification On Movement In Price
8 Apr - Responded to BSE price-movement query; no undisclosed or impending corporate action. 8 Apr - Responded to BSE price-movement query; no undisclosed or impending corporate action.
5
Clarification sought from Icodex Publishing Solutions Ltd
7 Apr - Exchange has sought clarification from Icodex Publishing Solutions Ltd on April 7, 2026 with reference to significant movement in price, in order to ensure that … 7 Apr - Exchange has sought clarification from Icodex Publishing Solutions Ltd on April 7, 2026 with reference to significant movement in price, in order to ensure that …
Frequently Asked Questions about Icodex Publishing Solutions
What does Icodex Publishing Solutions Ltd do?
Incorporated in 2018, Icodex Publishing Solutions Limited is engaged in the business of Software Product Development for Scholarly Publishing.[1]
Where is Icodex Publishing Solutions Ltd (544483) listed?
Icodex Publishing Solutions Ltd trades as ICODEXPUBLISHINGSOLUTIONSLTD on the NSE and under code ICODEX on the BSE.
Which sector does Icodex Publishing Solutions Ltd belong to?
Icodex Publishing Solutions Ltd is classified under the Information Technology sector, in the IT Enabled Services industry.
What is the market capitalisation of Icodex Publishing Solutions Ltd?
Icodex Publishing Solutions Ltd has a market capitalisation of ₹60.6 Cr, which places it in the Small Cap band.
What is the PE ratio of Icodex Publishing Solutions Ltd?
Icodex Publishing Solutions Ltd trades at a PE ratio of 8.50, against a book value of ₹36.01 per share.
What is the 52-week high and low of Icodex Publishing Solutions Ltd?
Over the last 52 weeks Icodex Publishing Solutions Ltd has traded between ₹29.01 and ₹60.79.
What is the Return on Equity (ROE) of Icodex Publishing Solutions Ltd?
Icodex Publishing Solutions Ltd reported a return on equity of 47.02%. Its debt-to-equity ratio is 0.13.
Company Information
Incorporated in 2018, Icodex Publishing Solutions Limited is engaged in the business of Software Product Development for Scholarly Publishing.[1]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/544483.md for Icodex Publishing Solutions Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.