Icodex Publishing Solutions Ltd

Icodex Publishing Solutions Ltd (ICODEX) is a micro-cap Information Technology company valued at ₹63 crore operating in IT Enabled Services on the NSE and BSE.

Recent price move

Icodex Publishing Solutions Ltd last traded at ₹40.25, sharply up 5.92% on the day.

Recent developments

On 2026-03-31, the company reported its latest financial results, showing revenue of ₹12 crore and net profit of ₹2 crore for the quarter. This marks a significant decline in net profit compared to the same quarter a year earlier. The company's financial performance for the fiscal year ended 2026-03-31 reflects a net profit of ₹7 crore, down 20.9% from the previous year.

Financial performance

The company's business is growing, with annual revenue rising 18.5% year-over-year. However, net profit fell 20.9% annually, and the net profit margin dropped 13.6 percentage points to 27.4%. The latest quarter showed revenue growth of 9.2% compared to the same quarter a year earlier, but net profit dropped sharply by 65.7%.

Valuation multiples

The stock trades at 8.0 times earnings, a discount to the Information Technology median of 20.5, 1.08 times book value.

Things to watch

The company's net profit margin has narrowed significantly, falling 13.6 percentage points to 27.4%. Net profit fell 65.7% in the latest quarter compared to the same quarter a year earlier. The stock is 37.0% below its 52-week high, indicating a substantial drop in value.

Where it stands

The company has shown strong revenue growth over the past five years, with a 39.2% annual increase, but its profitability has been under pressure, with net profit declining 20.9% annually. The latest quarter's net profit dropped 65.7% compared to the same quarter a year earlier, highlighting challenges in maintaining profitability. The stock is currently 37.0% below its 52-week high.

Summarised by DocStoX's model on 2026-10-18 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.