ICDS Limited

NSE: ICDSLTD · Unclassified

₹47.06+0.00%06 Nov 2026

Ask the data

Instant answers about ICDS Limited — computed from its filings, no language model

Market cap₹61 cr

Current price₹47.06

High / Low₹71 / ₹38

P/E65.9

P/B2.05

Book value₹23.0

ROE3.1%

ROCE3.0%

Debt / equity0.00

Dividend yield—

EPS (TTM)₹0.71

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	5.52	2.95	1.81	1.05	1.17	1.92	2.28	3.90	2.39
EBITDA	3.80	-2.32	-1.95	-0.67	-0.50	0.13	0.84	2.06	0.27
Operating margin	68.8%	-78.6%	-107.7%	-63.8%	-42.7%	6.8%	36.8%	52.8%	11.3%
Interest	0.07	0.06	0.08	0.08	0.07	0.06	0.08	0.08	0.06
Depreciation	0.14	0.14	0.35	0.34	0.33	0.36	0.36	0.37	0.38
Profit before tax	4.40	-1.74	-0.71	1.02	5.94	0.53	2.36	2.93	1.37
Tax	1.30	0.13	0.11	6.40	0.10	0.15	0.33	1.53	0.28
Net profit	0.00	0.00	-0.81	-5.38	5.84	0.38	2.03	1.40	0.00
EPS ₹	2.38	-1.43	-0.62	-4.13	4.48	0.29	1.56	1.08	0.84
Operating cash flow	—	—	—	—	-0.54	6.36	-6.00	1.06	1.62
Capex	—	—	—	—	0.30	0.01	-0.02	-0.10	-0.06
Dividend paid	—	—	—	—	0.00	0.00	0.00	0.00	0.00
Total assets	—	—	—	—	—	26.83	28.66	32.20	33.02
Equity	—	—	—	—	—	25.51	27.54	28.94	29.96

Quarterly performance

last 32 quarters · ₹ crore

showing latest 8 of 32 periods

	MAR '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	0.69	0.49	1.04	0.55	0.47	0.45	0.31	0.23	0.26	0.26	0.29	0.27	0.30	0.32	0.28	0.39	0.46	0.48	0.60	0.50	0.57	0.50	0.71	0.52	0.53	0.51	2.35	0.77	0.53	0.57	0.52	0.61
Operating profit	0.39	-0.06	0.40	-0.44	-0.36	-0.08	-1.25	-0.17	-0.09	-0.13	-0.28	-0.01	-0.09	-0.57	0.17	-0.21	0.25	0.02	0.07	0.12	0.19	0.21	0.32	0.13	0.26	0.16	1.51	0.37	0.10	0.25	-0.44	0.01
Operating margin	56.5%	-12.2%	38.5%	-80.0%	-76.6%	-17.8%	-403.2%	-73.9%	-34.6%	-50.0%	-96.6%	-3.7%	-30.0%	-178.1%	60.7%	-53.8%	54.3%	4.2%	11.7%	24.0%	33.3%	42.0%	45.1%	25.0%	49.1%	31.4%	64.3%	48.1%	18.9%	43.9%	-84.6%	1.6%
Other income	-1.84	-0.16	0.48	0.09	1.42	0.12	0.08	0.80	0.23	0.69	0.38	0.09	0.07	0.10	0.06	0.09	1.48	-0.09	-0.65	0.99	0.81	-0.05	0.20	0.71	0.70	0.39	-0.48	1.27	-0.17	0.38	0.06	1.12
Interest	0.01	0.01	0.02	0.03	0.02	0.02	0.02	0.02	0.01	0.02	0.02	0.02	0.02	0.02	0.01	0.02	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.02	0.01	0.02
Depreciation	0.03	0.04	0.04	0.03	0.04	0.03	0.10	0.09	0.09	0.09	0.08	0.08	0.08	0.08	0.08	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.10	0.10	0.09
Profit before tax	-1.51	-0.27	0.83	-0.41	1.01	-0.02	-1.29	0.52	0.05	0.45	0.00	-0.02	-0.12	-0.58	6.65	-0.23	1.62	-0.18	-0.69	1.00	0.89	0.05	0.42	0.73	0.84	0.44	0.91	1.53	-0.19	0.52	-0.50	1.01
Tax	-0.28	0.03	0.03	0.01	0.21	0.01	-0.13	0.13	6.19	0.01	0.07	0.01	0.01	0.01	0.07	0.01	0.02	0.02	0.11	0.06	0.04	0.11	0.11	0.04	0.20	1.22	0.08	0.15	0.13	0.07	-0.08	0.08
Net profit	0.00	0.00	0.00	0.00	0.00	0.00	-1.17	0.39	-6.14	0.44	-0.07	-0.03	-0.13	-0.59	6.58	-0.23	1.61	-0.19	-0.80	0.94	0.00	0.00	0.30	0.69	0.65	0.00	0.84	1.38	0.00	0.00	0.00	0.93
EPS ₹	-0.94	-0.23	0.61	-0.32	0.61	-0.02	-0.89	0.25	-4.72	0.34	-0.05	-0.02	-0.10	-0.45	5.05	-0.18	1.23	-0.15	-0.61	0.72	0.65	-0.04	0.24	0.53	0.50	-0.59	0.64	1.06	-0.24	0.35	-0.32	0.72
Revenue YoY	—	—	50.7%	—	—	-8.2%	-70.2%	-58.2%	-44.7%	-42.2%	-6.5%	17.4%	15.4%	23.1%	-3.4%	44.4%	53.3%	50.0%	114.3%	28.2%	23.9%	4.2%	18.3%	4.0%	-7.0%	2.0%	231.0%	48.1%	0.0%	11.8%	-77.9%	-20.8%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	-107.7%	—	-234.1%	—	—	—	—	-112.2%	—	-100.0%	—	—	-26.6%	—	—	180.0%	100.0%	-100.0%	—	-100.0%	-32.6%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

ICDS Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY09†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	5.04	1.22	3.15	5.31	5.39	3.46	2.20
Operating profit	2.75	-0.32	0.02	0.95	-0.22	-0.41	0.69
Operating margin	54.6%	-26.2%	0.6%	17.9%	-4.1%	-11.8%	31.4%
Other income	0.83	0.85	2.28	0.91	1.36	0.88	0.34
Interest	0.28	0.56	0.44	0.34	0.53	0.27	0.16
Depreciation	0.36	0.08	0.08	0.07	0.16	0.12	0.12
Profit before tax	7.93	0.37	2.09	2.05	1.45	0.28	1.88
Tax	0.01	0.00	-1.26	0.05	0.09	0.03	0.16
Net profit	7.92	0.36	3.35	2.01	1.36	0.26	1.72

Quarters

showing latest 8 of 39 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	1.83	1.92	2.55	1.10	2.02	0.96	0.96	1.82	0.47	0.35	4.26	0.53	0.18	0.49	0.21	0.34	0.57	0.20	0.38	2.00	0.70	1.74	1.14	1.73	1.27	1.21	1.88	1.03	1.08	1.19	1.07	0.12	0.61	0.46	0.55	0.58	0.70	3.73	1.69
Operating profit	1.24	1.45	-1.18	0.57	1.52	0.49	0.17	1.36	0.09	-0.09	3.90	0.16	-0.17	0.12	-0.08	-0.19	0.16	-0.27	-0.19	0.32	-0.06	0.97	-0.18	0.22	-0.07	0.02	-0.28	0.11	0.10	-0.02	-0.29	-0.20	0.39	0.21	0.11	-0.02	0.22	2.40	3.89
Operating margin	67.8%	75.5%	-46.3%	51.8%	75.2%	51.0%	17.7%	74.7%	19.1%	-25.7%	91.5%	30.2%	-94.4%	24.5%	-38.1%	-55.9%	28.1%	-135.0%	-50.0%	16.0%	-8.6%	55.7%	-15.8%	12.7%	-5.5%	1.7%	-14.9%	10.7%	9.3%	-1.7%	-27.1%	-166.7%	63.9%	45.7%	20.0%	-3.4%	31.4%	64.3%	230.2%
Other income	0.22	0.48	0.49	0.03	0.58	0.19	0.03	0.03	0.06	0.11	0.14	0.25	0.13	0.22	0.17	0.33	0.26	0.39	0.19	1.44	0.18	0.33	0.20	0.20	0.27	0.41	0.49	0.19	0.09	0.32	0.30	0.17	0.06	0.11	0.08	0.09	0.16	0.25	0.12
Interest	0.02	0.01	0.03	0.07	0.06	0.07	0.08	0.04	0.06	0.06	0.05	0.08	0.10	0.14	0.14	0.18	0.13	0.12	0.01	0.18	0.04	0.24	0.06	0.00	0.02	0.02	0.13	0.36	0.02	0.08	0.13	0.04	0.04	0.07	0.05	0.00	0.01	0.02	0.01
Depreciation	0.09	0.09	0.08	0.07	0.06	0.06	0.17	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.02	0.01	0.03	0.10	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.01	0.01	0.01
Profit before tax	0.70	6.52	6.84	0.79	1.88	1.73	3.53	8.51	3.21	5.64	4.85	0.33	-0.18	0.22	0.06	0.27	0.27	0.28	-0.02	1.56	0.07	1.52	0.06	0.40	0.17	0.40	0.32	0.56	0.18	0.35	-0.15	-0.10	0.46	0.35	0.20	0.87	0.42	2.68	4.05
Tax	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.77	0.05	0.00	0.01	0.00	-0.01	0.00	0.00	0.00	-1.26	0.00	0.02	0.00	0.03	0.01	0.03	0.01	0.04	0.03	0.03	0.00	-0.03	0.08	0.04	0.04	0.00	0.06	0.51	0.91
Net profit	0.70	6.51	6.84	0.79	1.88	1.72	3.53	8.51	3.21	5.64	4.08	0.28	-0.18	0.21	0.06	0.27	0.27	0.28	-0.02	2.82	0.07	1.50	0.06	0.38	0.16	0.37	0.31	0.52	0.16	0.32	-0.15	-0.07	0.38	0.31	0.16	0.87	0.36	2.17	3.14
EPS ₹	0.53	5.00	5.25	0.60	1.44	1.32	2.71	6.53	2.47	4.33	3.13	0.21	-0.14	0.16	0.04	0.21	0.21	0.22	-0.02	2.16	0.05	1.15	0.05	0.29	0.12	0.28	0.24	0.40	0.12	0.25	-0.11	-0.05	0.29	0.24	0.12	0.67	0.28	1.66	2.41
Revenue YoY	—	—	—	—	10.4%	-50.0%	-62.4%	65.5%	-76.7%	-80.8%	806.4%	—	-48.6%	-88.5%	-60.4%	—	216.7%	-59.2%	81.0%	488.2%	22.8%	770.0%	200.0%	-13.5%	81.4%	-30.5%	64.9%	-40.5%	-15.0%	-1.7%	-43.1%	-88.3%	-43.5%	-61.3%	-48.6%	383.3%	14.8%	710.9%	207.3%
Profit YoY	—	—	—	—	168.6%	-73.6%	-48.4%	977.2%	70.7%	-33.7%	27.1%	—	-103.2%	-94.9%	-78.6%	—	—	33.3%	-133.3%	944.4%	-74.1%	435.7%	—	-86.5%	128.6%	-75.3%	416.7%	36.8%	0.0%	-13.5%	-148.4%	-113.5%	137.5%	-3.1%	—	—	-5.3%	600.0%	1862.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 28 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	27.7%	29.2%	1.5%	6.1%	-0.2%	0.5%	4.5%	3.6%	5.7%	5.7%	7.5%	9.9%	7.4%	7.4%	4.6%	3.1%
ROCE	—	—	—	—	—	—	—	—	—	—	—	—	28.2%	29.6%	2.2%	7.0%	4.0%	4.8%	8.8%	7.8%	7.3%	8.7%	10.3%	13.0%	9.2%	9.4%	4.7%	3.0%
Net margin	0.0%	0.0%	-65.7%	-53.4%	-553.6%	-611.3%	-517.3%	-537.0%	18.7%	-69.5%	498.3%	436.4%	508.3%	482.6%	20.2%	76.5%	-2.3%	6.5%	54.4%	43.0%	72.6%	72.2%	55.8%	69.0%	53.4%	52.6%	57.7%	41.7%
EBITDA margin	-18.0%	-19.1%	-119.7%	-127.4%	-127.2%	-154.7%	-64.4%	-47.2%	-45.5%	-80.5%	-42.7%	-54.3%	-24.8%	14.3%	6.7%	22.5%	18.6%	27.2%	36.8%	37.0%	40.7%	38.3%	52.7%	55.3%	51.4%	52.8%	11.7%	-3.6%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	0.00	0.00	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.01	0.01	0.00	0.00	0.00	0.00
Interest coverage	15.50	16.67	-6.89	3.75	-9.57	-2.86	15.57	7.86	4.88	-8.00	85.71	82.71	125.33	158.20	9.67	30.17	15.57	16.62	30.50	27.12	26.50	31.38	37.50	47.50	39.43	40.57	23.67	15.00
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	0.05	0.06	0.07	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.12	0.13	0.13	0.13	0.07	0.07

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	13.03	13.03	13.03	13.03	13.03	13.03	13.03	13.03
Other equity / reserves	13.56	12.49	14.27	14.51	15.85	15.92	16.98	16.94
Total equity	26.59	25.51	27.30	27.54	28.88	28.94	30.00	29.96
Borrowings	0.09	0.30	0.23	0.13	0.11	0.26	0.09	0.00
Current liabilities	0.28	0.58	0.41	0.61	0.59	2.68	2.51	2.40
Non-current liabilities	0.74	0.74	0.74	0.51	0.51	0.58	0.58	0.65
Total assets	27.61	26.83	28.45	28.66	29.99	32.20	33.09	33.02
Property, plant & equipment	0.07	0.07	0.07	0.03	0.13	0.12	0.15	0.14
Capital work-in-progress	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	5.34	4.34	5.94	5.82	6.72	5.81	5.99	5.15
Inventories	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Receivables	0.12	0.08	0.10	0.18	0.11	0.09	0.09	0.09
Cash & equivalents	0.07	0.07	0.08	0.33	0.08	0.08	0.14	0.60

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	-0.54	6.36	-6.00	1.06	1.62
Cash from investing	0.23	-6.17	6.43	-1.42	-0.83
Cash from financing	0.31	-0.20	-0.18	0.11	-0.27
Capex	0.30	0.01	-0.02	-0.10	-0.06
Free cash flow	-0.83	6.36	-5.98	1.16	1.67
Dividends paid	0.00	0.00	0.00	0.00	0.00

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹0.14 cr0%

Investments

₹5.15 cr16%

Receivables

₹0.09 cr0%

Cash & equivalents

₹0.60 cr2%

Other assets

₹27.04 cr82%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
ICDS Limited	61	47.06	65.9	2.05	3.1%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+1.2%

6 months-2.7%

1 year-5.7%

3Y CAGR+22.2%

5Y CAGR-2.1%

10Y CAGR—

50-day avg₹51.43

200-day avg₹45.03

RSI (14)68

FAQs

What is the share price of ICDS Limited?

ICDS Limited (ICDSLTD) closed at ₹47.06 on NSE on 06 Nov 2026.

What is the market cap of ICDS Limited?

₹61 crore at the latest close.

What is the P/E ratio of ICDS Limited?

65.9, on trailing-twelve-month earnings from its filings.

How fast is ICDS Limited growing?

ICDS Limited: revenue has compounded at 7.6% a year over three years. Latest-quarter revenue is down 20.8% year on year, profit down 32.6%.

How profitable is ICDS Limited?

On a trailing-twelve-month basis return on equity is 3.1%, return on capital employed 3.0%, operating margin -3.6%, net margin 41.7%.

How much debt does ICDS Limited have?

ICDS Limited is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹1 cr (balance sheet of 2026-03-31). Operating profit covers interest 15.0 times.

Financials parsed from ICDS Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.