Icodex Publishing SolutionsShare price, financial results, shareholding and management
- Market cap
- ₹61 cr
- Stock P/E
- 8.6peers 29.8
- Book value
- ₹36
- Price to book
- 1.09
- EV / operating profit
- -
- Market cap to sales
- 2.36
- ROCE · FY26
- 24.9%
- ROE · FY26
- 18.8%
- ROE, 3-year average
- 50.8%
- Operating margin · FY26
- 41.3%peers 8.2%
- Sales growth, 3 years
- 39.6%
- Profit growth, 3 years
- 57.6%
- Debt to equity
- 0.13peers 0.20
- Borrowings
- ₹7.1 cr
- Interest cover
- 29.5×
- Cash from business / op. profit
- 15%
- Debtor days
- 163
- Pledged
- 0.00%
- Promoter holding
- 64.44%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 949
- 52-week high / low
- ₹60 / ₹29
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
newboard is reading this company's filings. Its plain description, key points, management and study will appear here soon; the figures below are worked out from what it has filed.
Icodex Publishing Solutions share price chart
Close on 6 Nov 2026 · -0.73% on the day · Vol 8,400
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- +3.2%
- 3 months
- +1.6%
- 6 months
- -17.6%
- 1 year
- -26.4%
- Traded a day, 20 days
- ₹0.05 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +19% | -21% |
| 3 years, a year | +40% | +58% |
| Latest half, H2 FY26 | +9% | -66% |
Icodex Publishing Solutions revenue and profit growth
Half-yearly results · Profit and lossSales have grown fast. Last year profit fell even as sales rose, so the company kept less from each rupee of sales.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Icodex Publishing Solutions half-yearly results
SME companies report every six months · ₹ crore
| H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|
| Sales | 10.84 | 11.03 | 13.89 | 12.04 |
| Expenses | 4.64 | 3.79 | 6.14 | 9.09 |
| Operating profit | 6.20 | 7.24 | 7.75 | 2.95 |
| OPM | 57.2% | 65.6% | 55.8% | 24.5% |
| Interest | 0.08 | 0.15 | 0.16 | 0.20 |
| Depreciation | 0.17 | 0.42 | 0.37 | 0.38 |
| Profit before tax | 6.02 | 6.80 | 7.35 | 2.91 |
| Net profit | 4.33 | 4.63 | 5.50 | 1.59 |
Icodex Publishing Solutions profit and loss
Full years to March, FY21 to FY26 · ₹ crore, consolidated where reported
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Sales | 4.96 | 8.18 | 9.54 | 10.40 | 21.88 | 25.93 |
| Expenses | 3.99 | 6.42 | 7.59 | 6.14 | 8.40 | 15.23 |
| Operating profit | 0.97 | 1.76 | 1.95 | 4.26 | 13.48 | 10.70 |
| OPM | 19.6% | 21.5% | 20.4% | 41.0% | 61.6% | 41.3% |
| Other income | 0.23 | 0.04 | 0.18 | 0.59 | 0.20 | 0.67 |
| Interest | 0.18 | 0 | 0.01 | 0.04 | 0.27 | 0.36 |
| Depreciation | 0.02 | 0.14 | 0.28 | 0.36 | 0.59 | 0.75 |
| Profit before tax | 1 | 1.66 | 1.84 | 4.45 | 12.82 | 10.26 |
| Tax rate | 1.0% | 22.3% | 1.6% | 1.1% | 30.1% | 30.9% |
| Net profit | 0.99 | 1.29 | 1.81 | 4.40 | 8.96 | 7.09 |
| EPS ₹ | 9,900 | 12,900 | 18,100 | 44,000 | 7.32 | · |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Earnings per share is left blank where the source shows zero against a profit.
Earnings per share before FY25 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Icodex Publishing Solutions profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Operating margin | 19.6% | 21.5% | 20.4% | 41.0% | 61.6% | 41.3% |
| Tax rate | 1.0% | 22.3% | 1.6% | 1.1% | 30.1% | 30.9% |
| ROCE | · | 94.9% | 56.1% | 65.6% | 83.1% | 24.9% |
| ROE | · | 73.7% | 55.1% | 68.9% | 64.8% | 18.8% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Icodex Publishing Solutions debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It borrowed much more last year. Its loans are smaller than its own money. Last year the business brought in less cash than it showed as profit, so part of the profit is still to be collected. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Icodex Publishing Solutions balance sheet
At each 31 March · ₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 12.24 | 15.64 |
| Reserves | 1.12 | 2.38 | 4.19 | 8.59 | 6.81 | 40.67 |
| Net worth | 1.12 | 2.38 | 4.19 | 8.59 | 19.05 | 56.31 |
| Borrowings | 0 | 0 | 0.02 | 0.88 | 2.99 | 7.05 |
| Other liabilities | 1.26 | 1.46 | 1.64 | 1.20 | 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 |
| Capital work in progress | 0 | 0 | 0.53 | 3.38 | 8.85 | 21.47 |
| Investments | 0.50 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 1.61 | 3.13 | 4.55 | 6.67 | 10.56 | 37.95 |
Icodex Publishing Solutions cash flow
₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Cash from operations | · | 1.24 | 1.27 | 3.81 | 6.35 | 1.64 |
| Cash from investing | · | -0.49 | -1.10 | -3.26 | -12.69 | -35.50 |
| Cash from financing | · | 0 | 0.01 | 0.83 | 3.44 | 33.87 |
| Net cash flow | · | 0.75 | 0.18 | 1.38 | -2.90 | 0.01 |
Working capital
Days
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Debtor days | 65 | 54 | 69 | 48 | 82 | 163 |
| Cash conversion cycle | 65 | 54 | 69 | 48 | 82 | 163 |
| Working capital days | 8 | 0 | 21 | -2 | 24 | 50 |
Icodex Publishing Solutions peers and competitors
Listed SME companies in the same industryBy sales, Icodex Publishing Solutions is number 24 of the 33 listed SME companies in it - services.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Matrix Geo Solutions | 84 | 8.3 | 40.1 | 10.1 | 33.0% | 0.03 |
| Icodex Publishing Solutions | 61 | 8.6 | 25.9 | 7.1 | 41.3% | 0.13 |
| Infinity Infoway | 317 | 45.3 | 23.7 | 7 | 41.9% | 0.01 |
| Infonative Solutions | 40 | 14.2 | 23 | 2.9 | 14.5% | 0.13 |
| Vertexplus Technologies | 40 | - | 22.7 | -4.6 | -14.8% | 0.64 |
| Globesecure Technologies | 18 | - | 20.7 | -0.3 | 6.0% | 0.15 |
| Octaware Technologies | 21 | - | 17.5 | -5 | -10.2% | 0.45 |
| Sancode Technologies | 485 | 1011.2 | 15.8 | 0.5 | 3.1% | 0.24 |
| Euphoria Infotech (India) | 9 | 5.7 | 15.2 | 1.6 | 18.4% | 0.29 |
| Quadpro Ites | 20 | 98.3 | 6.4 | 0.2 | 10.3% | 0.05 |
| Ekennis Software Service | 5 | - | 1.6 | -1 | -25.8% | 1.52 |
| Median of the 10 others | 31 | 29.8 | 19.1 | 0.3 | 8.2% | 0.20 |
Icodex Publishing Solutions shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders is about the same.
Icodex Publishing Solutions shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Sep 25 | Mar 26 | |
|---|---|---|
| Promoters | 64.44% | 64.44% |
| Indian institutions (DIIs) | 0.07% | - |
| Number of shareholders | 1,113 | 949 |
Icodex Publishing Solutions latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹12 cr (+9%), net profit ₹1.6 cr (-66%) on H2 FY25.
- Shareholding, 31 March 2026: promoters unchanged at 64.44%.
Icodex Publishing Solutions announcements
2 on record, latest first; each opens the filing on the exchange
Icodex Publishing Solutions annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Icodex Publishing Solutions share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Icodex Publishing Solutions' data · 8
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (1,56,37,020 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY24 (₹44,000.00) and FY25 (₹7.32) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY21 to FY26.
- iPrices run to the close on 9 Oct 2026, from the exchange's daily figures.
Questions people ask about Icodex Publishing Solutions
What does Icodex Publishing Solutions do?
Icodex Publishing Solutions is an SME company listed on BSE SME, in it - services.
What is the share price of Icodex Publishing Solutions?
₹39.2 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Icodex Publishing Solutions?
₹61 cr at the close on 6 Nov 2026, on 1,56,37,020 shares.
What is the P/E of Icodex Publishing Solutions?
8.6 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Icodex Publishing Solutions' revenue and profit?
Revenue ₹26 cr and profit after tax ₹7 cr in FY26.
Who are the promoters of Icodex Publishing Solutions?
The promoter group; promoters held 64.44% at 31 March 2026.
What is Icodex Publishing Solutions' website?
www.icodexsolutions.com
More SME companies like Icodex Publishing Solutions
Other listed SME companies in it - services, the closest in size first, each read from its own documents.
- Synoptics TechnologiesSYNOPTICS · NSE Emerge · IT - Services · listed 2023Market cap ₹57 cr
- Matrix Geo SolutionsMGSL · NSE Emerge · IT - Services · listed 2025Market cap ₹71 cr
- Vertexplus TechnologiesVERTEXPLUS · NSE Emerge · IT - Services · listed 2023Market cap ₹38 cr
- Prodocs SolutionsPRODOCS · BSE SME · IT - ServicesMarket cap ₹102 cr
- Meta InfotechMETAINFO · BSE SME · IT - ServicesMarket cap ₹103 cr
- Enser CommunicationsENSER · NSE Emerge · IT - Services · listed 2024Market cap ₹105 cr
Built from 2 exchange announcements, 2 shareholding patterns and 6 years of reported results. Every figure carries its source; where the documents are silent, the page says so.