Sharescart Research Club logo

Icodex Publishing Overview

Icodex Publishing Solutions Ltd. is engaged in providing publishing, content development, and digital media solutions. The company typically works with clients in education, corporate communication, and digital learning, offering services such as content creation, editing, formatting, e-publishing, and design support. Its focus lies in delivering end-to-end publishing services—both print and digital—through a combination of technical expertise, creative capabilities, and workflow efficiency. By supporting authors, publishers, and instituti...Read More

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Icodex Publishing Key Financials

Market Cap ₹70 Cr.

Stock P/E 7.9

P/B 1.2

Current Price ₹45

Book Value ₹ 38.6

Face Value 10

52W High ₹81.6

Dividend Yield 0%

52W Low ₹ 29

Icodex Publishing Share Price

₹ | |

Volume
Price

Icodex Publishing Quarterly Price

Show Value Show %

Icodex Publishing Peer Comparison

Icodex Publishing Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Icodex Publishing Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 8 10 10 22
Other Income 0 0 1 0
Total Income 8 10 11 22
Total Expenditure 6 8 6 8
Operating Profit 2 2 5 14
Interest 0 0 0 0
Depreciation 0 0 0 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 2 2 4 13
Provision for Tax 0 0 0 4
Profit After Tax 1 2 4 9
Adjustments 0 0 0 0
Profit After Adjustments 1 2 4 9
Adjusted Earnings Per Share 1.1 1.5 3.7 7.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 120% 40% 0% 0%
Operating Profit CAGR 180% 91% 0% 0%
PAT CAGR 125% 108% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 65% 63% 61% 61%
ROCE Average 83% 68% 69% 69%

Icodex Publishing Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2 4 9 19
Minority's Interest 0 0 0 0
Borrowings 0 0 0 0
Other Non-Current Liabilities 0 0 0 1
Total Current Liabilities 1 2 2 5
Total Liabilities 4 6 11 25
Fixed Assets 1 1 1 5
Other Non-Current Assets 0 1 5 9
Total Current Assets 3 4 5 11
Total Assets 4 6 11 25

Icodex Publishing Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 2 3
Cash Flow from Operating Activities 1 1 4 6
Cash Flow from Investing Activities -0 -1 -3 -9
Cash Flow from Financing Activities 0 0 1 3
Net Cash Inflow / Outflow 1 0 1 1
Closing Cash & Cash Equivalent 1 2 3 4

Icodex Publishing Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.07 1.51 3.66 7.32
CEPS(Rs) 0 0 0 7.8
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 1.98 3.49 7.16 15.56
Core EBITDA Margin(%) 21.47 20.43 40.97 61.39
EBIT Margin(%) 20.27 19.42 43.13 59.6
Pre Tax Margin(%) 20.27 19.32 42.74 58.59
PAT Margin (%) 15.74 19 42.28 40.94
Cash Profit Margin (%) 17.43 21.9 45.74 43.64
ROA(%) 33.48 37.37 53.23 50.57
ROE(%) 54.06 55.11 68.79 64.81
ROCE(%) 69.62 56.17 65.56 82.78
Receivable days 53.6 57.7 55.93 52.67
Inventory Days 0 0 0 0
Payable days 0 0 0 0
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) -0.18 -0.17 -0.21 0.53
EV/Core EBITDA(x) -0.83 -0.78 -0.45 0.85
Net Sales Growth(%) 0 16.62 9.06 110.35
EBIT Growth(%) 0 11.73 142.16 190.69
PAT Growth(%) 0 40.73 142.69 103.69
EPS Growth(%) 0 40.73 142.69 99.7
Debt/Equity(x) 0 0.01 0.1 0.16
Current Ratio(x) 2.1 2.47 2.58 2.03
Quick Ratio(x) 2.1 2.47 2.58 2.03
Interest Cover(x) 0 181.6 112.14 58.81
Total Debt/Mcap(x) 0 0 0 0

Icodex Publishing Shareholding Pattern

# Jun 2025 Aug 2025 Sep 2025 Mar 2026
Promoter 64.44 64.44 64.44 64.44
FII 0.63 0.63 0 0
DII 1.38 1.38 0.07 0.01
Public 33.55 33.55 35.49 35.55
Others 0 0 0 0
Total 100 100 100 100

Icodex Publishing News

Icodex Publishing Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 63%
  • Company is almost debt free.

Cons

whatsapp