Arthneeti

ICDS Q2 FY27 Share Price & Earnings Call Analysis

₹45.95-0.37% today
Market cap
₹63 Cr
P/E
97.01
ROE
5.50%
PEG
1.56
Price to sales
28.28
Debt to equity
0.00
52W high / low
₹70.1 / ₹36.9
Sales growth (5Y)
19.76%
EBITDA margin
-4.04%
Net profit margin
67.78%
Promoter holding
51.40%
Sales (last year)
₹2 Cr

Incorporated in 1971, ICDS Limited is engaged in various financial activities

Potential multibaggers · Q2 FY27

Potential multibaggers in Commercial Services & Supplies
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does ICDS rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Commercial Services & Supplies companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,443 Cr102.2
240%+Up 2%+₹41 Cr6.5
340%+Up 0–2%₹25,682 Cr12.8
440%+Flat₹387 Cr27.9
540%+Flat₹97 Cr84.9
640%+Flat₹92 Cr8.3

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Pro shows every company guiding 40%+ revenue growth →Full Commercial Services & Supplies ranking

Financials of ICDS

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

ICDS

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +51.40%51.40%51.40%51.40%51.40%51.40%51.39%51.39%51.39%51.39%51.40%51.40%
DIIs +4.87%4.87%4.87%4.87%4.87%4.87%4.87%4.87%4.87%4.87%4.87%4.87%
Public +43.74%43.74%43.73%43.75%43.73%43.74%43.73%43.73%43.73%43.73%43.74%43.74%
No. of Shareholders8,1677,9948,0038,0858,5358,5008,4448,3778,3308,3638,3408,424

Financials of ICDS

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +0.570.500.710.520.530.512.350.770.530.570.520.610.71
YoY Sales growth+23.91%+4.17%+18.33%+4.00%-7.02%+2.00%+230.99%+48.08%+0.00%+11.76%-77.87%-20.78%+33.96%
Expenses +0.380.290.380.390.270.350.840.400.440.310.970.600.26
Operating Profit0.190.210.330.130.260.161.510.370.090.26-0.450.010.45
OPM %33.33%42.00%46.48%25.00%49.06%31.37%64.26%48.05%16.98%45.61%-86.54%1.64%63.38%
Other Income +0.81-0.050.200.710.700.39-0.481.27-0.170.380.061.120.35
Interest0.020.020.020.020.020.020.020.020.010.020.010.020.02
Depreciation0.090.090.090.090.090.090.090.090.090.100.100.090.10
Profit before tax0.890.050.420.730.850.440.921.53-0.180.52-0.501.020.68
Tax %4.49%220.00%26.19%5.48%23.53%277.27%8.70%9.80%72.22%13.46%-16.00%7.84%30.88%
Net Profit +0.85-0.060.310.690.65-0.770.841.38-0.320.46-0.420.930.47
EPS in Rs0.65-0.050.240.530.50-0.590.641.06-0.250.35-0.320.710.36

Financials of ICDS

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +5.604.832.806.453.283.110.971.421.922.283.902.392.41
Sales growth+10.67%-13.75%-42.03%+130.36%-49.15%-5.18%-68.81%+46.39%+35.21%+18.75%+71.05%-38.72%-42.07%
Expenses +4.534.142.091.915.283.761.641.671.791.441.481.412.14
Operating Profit1.070.690.714.54-2.00-0.65-0.67-0.250.130.842.420.980.27
OPM %19.11%14.29%25.36%70.39%-60.98%-20.90%-69.07%-17.61%6.77%36.84%62.05%41.00%11.20%
Other Income +0.440.206.720.060.460.372.116.590.831.960.960.831.91
Interest0.330.140.140.070.060.080.080.070.060.080.080.060.07
Depreciation0.150.140.140.140.140.350.340.330.360.360.370.380.39
Profit before tax1.030.617.154.39-1.74-0.711.025.940.542.362.931.371.72
Tax %10.68%16.39%4.48%29.61%6.90%15.49%627.45%1.68%29.63%13.56%52.22%20.44%
Net Profit +0.900.516.843.10-1.87-0.81-5.385.840.382.041.401.091.44
EPS in Rs0.690.395.252.38-1.44-0.62-4.134.480.291.571.070.841.10
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Financials of ICDS

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital13.0313.0313.0313.0313.0313.0313.0313.0313.0313.0313.0313.0313.03
Reserves3.483.9911.5614.6212.6611.816.3412.1912.4914.5115.9216.9418.34
Borrowings +1.311.310.120.540.720.200.140.480.300.130.260.000.00
Other Liabilities +21.2120.5920.264.301.070.960.980.911.011.002.983.050.99
Total Liabilities39.0338.9244.9732.4927.4826.0020.4926.6126.8328.6732.1933.0232.36
Fixed Assets +0.240.207.617.497.3811.1110.7710.7410.389.999.739.409.21
CWIP0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments8.768.638.297.184.012.504.544.154.345.825.815.155.75
Other Assets +30.0330.0929.0717.8216.0912.395.1811.7212.1112.8616.6518.4717.40
Total Assets39.0338.9244.9732.4927.4826.0020.4926.6126.8328.6732.1933.0232.36

Financials of ICDS

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-0.38-1.950.91-2.88-2.60-1.92-0.88-0.546.360.201.061.62
Cash from Investing Activity +6.20-0.260.032.442.422.460.910.23-6.170.23-1.42-0.83
Cash from Financing Activity +-3.470.00-1.190.420.15-0.54-0.080.31-0.20-0.180.11-0.27
Net Cash Flow2.35-2.21-0.25-0.03-0.03-0.01-0.040.01-0.010.25-0.250.52
Free Cash Flow-0.39-1.960.91-2.89-2.63-1.51-0.88-0.846.350.220.961.56
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-22%-258%139%-18%91%103%118%164%5,069%57%110%59%

Financials of ICDS

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days24.1224.1813.047.368.9012.9141.3917.9915.2128.828.4213.74
Inventory Days2,265.812,488.4912,045.00
Days Payable36.504.8750.93
Cash Conversion Cycle2,253.422,507.8012,007.117.368.9012.9141.3917.9915.2128.828.4213.74
Working Capital Days736.52767.781,449.57-181.65-42.29-62.20-60.211,657.92-26.61966.93355.64656.69
ROCE %7.12%4.09%33.88%16.86%-6.15%-3.69%4.94%-2.26%2.33%9.12%11.85%7.23%

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