Icodex Publishing

IPSL

Q: How strong is Icodex Publishing balance sheet?

Balance sheet of Icodex Publishing is strong.It shouldn't have solvency or liquidity issues.

Q: Is the debt of Icodex Publishing increasing or decreasing?

The net debt of Icodex Publishing is decreasing.Latest net debt of Icodex Publishing is -₹18.38 Crs as of Sep-25.This is less than Mar-25 when it was -₹4.27 Crs.

Q: Is Icodex Publishing stock expensive?

Icodex Publishing is not expensive.Latest PE of Icodex Publishing is 5.67, while 3 year average PE is 8.62. Also latest EV/EBITDA of Icodex Publishing is 3.61 while 3yr average is 5.11.

Price

Nano Cap

₹51 Cr.

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Icodex Publishing Solutions specializes in developing software products for scholarly publishing, aiding in the publication of research papers and academic articles. They also offer Business Process Management services to support the publishing process by ensuring quality, editorial services, and back-end support for their global publishing clients. Less

Icodex Publishing Solutions specializes in developing software products for scholarly publishing, a… More

Low

30.01

52W Range

High

81.60

5.7

Sector PE

10.56

P/B

2.68

Div.Yield

ROE

47.02%

EBIDTA

3.61

ROCE

66.66

EPS

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Announcement Date

Nov 14, 2025

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What does Icodex Publishing do?

Icodex Publishing Solutions is engaged in the business of Software Product Development for Scholarly Publishing. The company’s Software products help in publication of research papers, studies and academic articles; that help researchers, academicians, and scholars in their field of work. The company also provides Business Process Management services that support the publishing process with activities like Quality assurance checks, editorial services and back-end support to its Global Publishing Client.

Who are the competitors of Icodex Publishing?

Icodex Publishing major competitors are MPS. Market Cap of Icodex Publishing is ₹50 Crs. While the median market cap of its peers are ₹2,582 Crs.

Is Icodex Publishing financially stable compared to its competitors?

Icodex Publishing seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.

Does Icodex Publishing pay decent dividends?

The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Icodex Publishing latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Icodex Publishing allocated its funds?

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress

How strong is Icodex Publishing balance sheet?

Balance sheet of Icodex Publishing is strong. It shouldn't have solvency or liquidity issues.

Is the profitablity of Icodex Publishing improving?

Yes, profit is increasing. The profit of Icodex Publishing is ₹9.82 Crs for TTM, ₹8.96 Crs for Mar 2025 and ₹4.4 Crs for Mar 2024.

Is the debt of Icodex Publishing increasing or decreasing?

The net debt of Icodex Publishing is decreasing. Latest net debt of Icodex Publishing is -₹18.38 Crs as of Sep-25. This is less than Mar-25 when it was -₹4.27 Crs.

Is Icodex Publishing stock expensive?

Icodex Publishing is not expensive. Latest PE of Icodex Publishing is 5.67, while 3 year average PE is 8.62. Also latest EV/EBITDA of Icodex Publishing is 3.61 while 3yr average is 5.11.

Has the share price of Icodex Publishing grown faster than its competition?

There is not enough historical data for the companies share price.

Is the promoter bullish about Icodex Publishing?

Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Icodex Publishing is 64.44% and last quarter promoter holding is 64.44%.

Are mutual funds buying/selling Icodex Publishing?

There is Insufficient data to gauge this.

IPSL

Share Price

Financials

Summary

Profit & Loss

Balance sheet

Cashflow

Revenue mix

Product wise

Location wise

Shareholdings

Peers

Forensics

Recent events

News

Corporate Actions

Events:

Quarterly Results

More Nano Cap Ideas

Promoter Buying

Capex

Superstar Investor

Popular questions

Business

Financials

Share Price

Shareholdings

What does Icodex Publishing do?

Who are the competitors of Icodex Publishing?

Is Icodex Publishing financially stable compared to its competitors?

Does Icodex Publishing pay decent dividends?

How has Icodex Publishing allocated its funds?

How strong is Icodex Publishing balance sheet?

Is the profitablity of Icodex Publishing improving?

Is the debt of Icodex Publishing increasing or decreasing?

Is Icodex Publishing stock expensive?

Has the share price of Icodex Publishing grown faster than its competition?

Is the promoter bullish about Icodex Publishing?

Are mutual funds buying/selling Icodex Publishing?