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What is the Icodex Publishing Solutions Ltd (ICODEX) share price today?

Icodex Publishing Solutions Ltd (ICODEX) is trading at ₹39.5 on the BSE, up 3.11% on the day. Source: DocStoX.

What is the PE ratio of Icodex Publishing Solutions Ltd?

Icodex Publishing Solutions Ltd has a price-to-earnings (PE) ratio of 5.4 in the Information Technology sector.

What is the market capitalisation of Icodex Publishing Solutions Ltd?

Icodex Publishing Solutions Ltd has a market capitalisation of approximately ₹60 crore.

Icodex Publishing Solutions Ltd

ICODEX·BSE·Information Technology

₹39.50▲ +1.19 (+3.11%)

Information Technology · IT - Services

A steady, established business

Day₹38.12

₹39.50

52W₹29

₹8220%

Open

₹38.12

High

₹39.50

Low

₹38.12

Prev Close

₹38.31

Volume

2.4K

VWAP

₹38.81

Snapshot

Key fundamentals

Market Cap

₹60 Cr

P/E Ratio

5.40Cheap

P/B Ratio

1.06

EPS

₹7.32

Book Value

₹36.01

ROE

18.80%Strong

ROCE

82.77%Efficient

Dividend Yield

0.00%

Debt / Equity

0.13Low

Face Value

₹10.00

52W High

₹81.60

52W Low

₹29.01

Sector

Information Technology

Industry

IT - Services

Strong Buy

Narrow moatHigh uncertainty

Fair value estimate

₹134

▲ 238.7%upside

Trading at ₹40 — 239% below our estimate

BearFair valueBull

₹61₹134₹154

/100

Business quality — Solid

Growth 50Profitability 85Efficiency 100Valuation 97

Plain English

Our view

A steady, established business
Low debt relative to equity

Strengths

Low debt relative to equity
Capital is working hard (ROCE 83%)
Reasonably priced at 5× earnings
Promoters hold a controlling stake

How we got there

Fair value methods

Residual income

47% ROE fading to 12% over ~10 yrs, on ₹36 book

₹154

Relative P/E

Needs ≥3 peers with P/E

—

Graham floor

Conservative floor: √(22.5 × EPS × book value/share)

₹61

Analyst target

No analyst coverage

—

Blended fair value₹134

What the numbers say

Investment thesis

Bull case

Low debt relative to equity
Capital is working hard (ROCE 83%)
Reasonably priced at 5× earnings
Promoters hold a controlling stake

Bear case

No notable red flags from the current metrics.

Free — see our deterministic Fair Value range, business quality score, and the full bull/bear case for this stock.

Snapshot

Key statistics

P/E

5.4Cheap

Below 15× is value territory; above 35× prices in strong growth

ROE

18.8%Strong

Above 15% is considered healthy for Indian equities

ROCE

82.8%Efficient

Above 18% means capital is working hard

Debt/Eq

0.13Low

Below 0.5 is comfortable; above 1.5 strains the balance sheet

Mkt Cap

₹60 Cr

P/B

1.06

EPS

₹7.32

Div Yield

—

What changed

Recent changes

No notable changes to report.

What matters

News impact

Overview

Valuation

Attractive

P/E 5.4×

Growth

Strong

+40% rev CAGR

Profitability

Excellent

18.8% ROE

Financial health

Rock solid

D/E 0.13

Momentum

N/A

No technicals

Today

Trading activity

Delivery %—

Turnover₹93,144 Cr

Trades2

VWAP₹38.81

Face value₹10.00

Market depth

Market depth available during market hours

Snapshot

Technical signals

Compounded annual growth

Growth (CAGR)

Revenue

+39.6%

+39.2%

10Y

—

Profit

+58.9%

+49.0%

10Y

—

EPS

-93.7%

-78.5%

10Y

—

Profile

Pros

Stock is trading at 1.06 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%

Watch-outs

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has high debtors of 163 days.

Forecast

News

Peers

Financials

Growth

Shareholding

Ownership

Ownership breakdown

Quarter ending 31 Mar 2026

Ownership was broadly stable versus the previous quarter. The QoQ column shows each group's change versus the prior quarter.

64%

Promoter

Promoters

64.4%0.00

Public

26.8%-0.83

FII / FPI

0.0%0.00

DII

0.0%-0.06

Others

8.8%

Total shareholders

949-164 QoQ

Quarterly trend

Ownership over time

Q4 FY26

Promoter64.44%

DII0.01%

Public26.75%

Others8.80%

Corporate Actions

Bulk & Block Deals

Filings

MF Holdings

Technicals

FAQs

Quick reference

Frequently asked questions

Incorporated in 2018, Icodex Publishing Solutions Limited is engaged in the business of Software Product Development for Scholarly Publishing.[1]