IndiQube Spaces ka share aaj taabadtod bhaga hai, lagbhag 17.4% tak upar gaya! Aisa isliye hua kyunki company ne Pune mein ek Global Capability Centre (GCC) client ke saath ₹54 crore ka paanch saal ka workspace leasing deal sign kiya hai. Yeh deal 1,140 seats secure karta hai aur short-term mein investors ka mood bana diya hai. Stock ₹145 se ₹148 tak pahunch gaya, jisse company ki market cap lagbhag ₹3,100 se ₹3,300 crore ho gayi.
Waise toh company ke liye mushkil samay raha hai, par flex office sector mein kaafi growth dikh rahi hai. Analysts ka kehna hai ki yeh sector 2025 tak 100 million square feet tak pahunch sakta hai, mainly GCCs ki demand ke wajah se. Is sector mein growth ke saath, JM Financial ne forecast kiya hai ki IndiQube ka revenue FY26-28 tak 24% CAGR se badhega. Lekin yeh sab tab ho raha hai jab Nifty Realty Index pichhle ek saal mein kaafi gira hai.
Lekin bhai, asli picture thodi alag hai. IndiQube Spaces par debt ka bojh kaafi zyada hai. Inka debt-to-equity ratio 7.78 times hai, jo ki bahut high mana jata hai. Saath hi, company ko losses ho rahe hain; latest quarter mein net loss ₹17.07 crore ka tha. Haalanki Q3 FY26 mein revenue 45% YoY badhkar ₹395 crore hua aur ₹40 crore ka profit bhi aaya, par pehle ke operating profits stagnant rahe hain. MarketsMojo ne toh is stock par 'Strong Sell' rating di hai, valuation aur leverage ko lekar chinta jatayi hai. Stock apne 52-week aur all-time lows ko bhi touch kar chuka hai, March 2026 mein toh ₹135.05 tak gir gaya tha, jo Sensex se kaafi underperform kar raha hai. Inka IPO jo July 2025 mein aaya tha, woh bhi achha perform nahi kar paya tha.
Toh dekho, flex office market grow kar raha hai aur IndiQube bhi expand karne ki koshish kar raha hai. Lekin high debt, consistently profit na bana paana aur MarketsMojo ki 'Strong Sell' rating ke beech mein, is stock ka future kaafi uncertain lag raha hai. Ab yeh dekhna hoga ki company apne debt ko kaise manage karti hai aur kya consistently profit kama pati hai.