ICDS Ltd.

BSE: ICDSLTD511194ISIN INE613B01010

Services
Diversified Commercial Services

Share price

₹42.53+2.02 (+4.99%)

as of 19 Oct 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹77.07
52W low: ₹34.01
Off 52W high: -44.82%
1M return: -27.32%
3M return: +8.63%
6M return: -9.34%
1Y return: -16.36%
20D avg volume: 416
50 DMA: ₹49.24
200 DMA: ₹46.66

Key ratios Consolidated

Market cap: ₹55.40 Cr
Current price: ₹42.53
52W high / low: ₹77.07 / ₹34.01
Face value: ₹10.00
P/E: 85.10
P/B: 1.85
EPS (TTM): ₹0.50
Book value / share: ₹23.00
ROE: —
ROCE: 4.70%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-0.60 Cr
Interest cover: 23.83
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 3.0 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	0.61	0.52	0.57	0.53	0.77	2.35	0.51	0.53	0.52	—
	1.12	0.06	0.38	-0.17	1.27	0.48	0.39	0.70	0.71	—
	1.73	0.58	0.96	0.36	2.04	1.86	0.90	1.23	1.23	—
	0.72	1.07	0.43	0.54	0.51	0.95	0.46	0.38	0.50	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.12	0.04	0.16	0.16	0.12	0.10	0.14	0.14	0.17	—
	0.02	0.01	0.02	0.01	0.02	0.02	0.02	0.02	0.02	—
	0.09	0.10	0.10	0.10	0.09	0.09	0.09	0.09	0.09	—
	0.48	0.92	0.16	0.28	0.29	0.73	0.20	0.13	0.22	—
	1.01	-0.50	0.53	-0.19	1.53	0.91	0.44	0.84	0.73	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	1.01	-0.50	0.53	-0.19	1.53	0.91	0.44	0.84	0.73	—
	0.08	-0.08	0.07	0.13	0.15	0.08	1.22	0.20	0.04	—
	0.93	-0.42	0.46	-0.32	1.38	0.84	-0.77	0.65	0.69	—
	0.72	-0.32	0.35	-0.24	1.06	0.64	-0.59	0.50	0.53	—
Key metrics
	1.12	-0.39	0.65	-0.08	1.64	1.02	0.55	0.95	0.84	—
	183.60%	-75.00%	114.00%	-15.10%	213.00%	43.40%	107.80%	179.20%	161.50%	—
	152.50%	-80.80%	80.70%	-60.40%	179.20%	35.70%	-151.00%	122.60%	132.70%	—
	—	-1.60%	—	-0.60%	—	3.20%	—	—	—	—
	-20.80%	-77.90%	11.80%	0.00%	48.10%	—	—	—	—	—
	-32.60%	-150.00%	159.70%	-149.20%	100.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	2.23	2.39	3.90	—
	1.39	1.54	1.32	—
	3.63	3.93	5.22	—
	2.76	2.56	2.29	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	0.48	0.48	0.55	—
	0.06	0.06	0.08	—
	0.39	0.38	0.37	—
	1.84	1.64	1.29	—
	0.85	1.37	2.93	—
	0.00	0.00	0.00	—
	0.85	1.37	2.93	—
	0.20	0.28	1.53	—
	0.65	1.09	1.40	—
	0.51	0.84	1.08	—
Key metrics
	1.30	1.81	3.38	—
	58.30%	75.70%	86.70%	—
	29.15%	45.60%	35.90%	—
	—	4.70%	10.20%	—
	-46.39%	-38.70%	—	—
	-69.05%	-22.10%	—	—
	—	1.56	0.96	—
	—	1.49	0.76	—
	—	0.00	0.01	—
	—	-0.60	0.18	—
	—	3.0	1.8	—
Balance sheet
	—	33.02	32.20	—
	—	15.09	13.28	—
	—	0.60	0.08	—
	—	0.09	0.09	—
	—	0.00	0.00	—
	—	0.02	0.03	—
	—	0.14	0.12	—
	—	0.07	0.07	—
	—	2.40	2.68	—
	—	0.00	0.26	—
	—	0.00	0.26	—
	—	0.00	0.00	—
	—	29.96	28.94	—
Cash flow
	—	1.62	1.06	—
	—	-0.83	-1.42	—
	—	-0.27	0.11	—
	—	-0.06	-0.10	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	0.42	0.33	0.39	0.35	0.59	2.16	0.33	0.35	0.34	—
	1.06	0.00	0.33	-0.22	1.23	-0.53	0.34	0.66	0.68	—
	1.48	0.33	0.72	0.12	1.81	1.63	0.68	1.01	1.01	—
	0.65	1.04	0.40	0.51	0.47	0.92	0.42	0.35	0.46	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.12	0.04	0.16	0.16	0.12	0.10	0.14	0.14	0.17	—
	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	—
	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	—
	0.43	0.90	0.14	0.25	0.26	0.71	0.19	0.11	0.19	—
	0.82	-0.71	0.32	-0.39	1.34	0.72	0.25	0.66	0.56	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.82	-0.71	0.32	-0.39	1.34	0.72	0.25	0.66	0.56	—
	0.04	-0.12	0.03	0.09	0.11	0.03	1.18	0.16	—	—
	0.79	-0.59	0.29	-0.47	1.23	0.69	-0.92	0.50	0.56	—
	0.61	-0.45	0.23	-0.36	0.94	0.53	-0.71	0.38	0.43	—
Key metrics
	0.92	-0.61	0.42	-0.29	1.44	0.82	0.35	0.76	0.66	—
	219.00%	-184.80%	107.70%	-82.90%	244.10%	38.00%	106.10%	217.10%	194.10%	—
	188.10%	-178.80%	74.40%	-134.30%	208.50%	31.90%	-278.80%	142.90%	164.70%	—
	—	-2.70%	—	-1.50%	—	2.90%	—	—	—	—
	-28.80%	-84.70%	18.20%	0.00%	73.50%	—	—	—	—	—
	-35.80%	-185.50%	131.50%	-194.00%	119.60%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1.49	1.65	3.18	—
	1.17	1.33	1.15	—
	2.65	2.98	4.33	—
	2.60	2.41	2.15	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	0.48	0.48	0.55	—
	0.04	0.03	0.04	—
	0.36	0.36	0.35	—
	1.72	1.55	1.21	—
	0.04	0.57	2.18	—
	0.00	0.00	0.00	—
	0.04	0.57	2.18	—
	0.04	0.10	1.37	—
	0.02	0.46	0.81	—
	0.03	0.36	0.62	—
Key metrics
	0.44	0.96	2.57	—
	29.53%	58.20%	80.80%	—
	1.34%	27.90%	25.50%	—
	—	2.30%	8.80%	—
	-56.56%	-48.10%	—	—
	-98.67%	-43.20%	—	—
	—	1.13	0.54	—
	—	2.59	0.79	—
	—	0.00	0.01	—
	—	-0.38	0.21	—
	—	6.6	3.4	—
Balance sheet
	—	27.95	27.74	—
	—	12.82	11.60	—
	—	0.38	0.05	—
	—	0.09	0.09	—
	—	0.00	0.00	—
	—	0.02	0.03	—
	—	0.14	0.12	—
	—	0.06	0.06	—
	—	2.19	2.47	—
	—	0.00	0.26	—
	—	0.00	0.26	—
	—	0.00	0.00	—
	—	25.34	24.95	—
Cash flow
	—	1.19	0.64	—
	—	-0.59	-1.00	—
	—	-0.27	0.11	—
	—	-0.06	-0.10	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -56.56%
Profit YoY (TTM): -98.67%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -46.39%
Profit YoY (TTM): -69.05%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 51.38%

Quarter	September 2026	June 2026
Promoter %	51.38%	51.38%

Holder	Type	Holding	Previous	Change
TEACHING FRATERNITY AND EDUCATION TRUST	Promoter Group	16.15%	16.15%	0.00%
MUSIC AND FINE ARTS EDUCATION TRUST	Promoter Group	11.34%	11.34%	0.00%
MAHENDRA GIRDHARILAL WADHWANI	Public	7.20%	7.20%	0.00%
THE ACADEMY OF GENERAL EDUCATION	Public	6.67%	6.67%	0.00%
LICI ASM NON PAR	Public	4.85%	4.85%	0.00%
SHARATH INVESTMENTS PRIVATE LIMITED	Promoter Group	3.88%	3.88%	0.00%
T SATISH U PAI	Promoter	3.24%	3.24%	0.00%
SARASWATI HOLDING CORPORATION INC	Public	3.07%	3.07%	0.00%
MANIPAL TECHNOLOGIES LIMITED	Promoter Group	2.92%	2.92%	0.00%
KASTURBA MEDICAL COLLEGE TRUST	Public	1.69%	1.69%	0.00%
MANIPAL INSTITUTE OF TECHNOLOGY TRUST	Public	1.60%	1.60%	0.00%
DIPAK KANAYALAL SHAH	Public	1.57%	1.54%	+0.03%
DR RAMDAS M PAI	Promoter Group	1.42%	1.42%	0.00%
T. ASHOK PAI	Promoter Group	1.37%	1.37%	0.00%
KANARA CONSUMER PRODUCTS LIMITED	Public	1.31%	1.31%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
International Gemological Institute Limited	16,521	382.30	24.82	58.80%	+24.06% TTM	+30.32% TTM	+10.43%
WeWork India Management Limited	8,751	630.15	102.95	12.30%	—	—	-1.87%
Indiabulls Limited S	7,433	31.87	-561.38	-3.60%	+34,733.33% TTM	+84.79% TTM	+74.82%
Nesco Ltd S	6,929	983.40	16.63	15.50%	+21.24% TTM	+3.71% TTM	-27.60%
Nirlon Limited S	5,646	626.50	15.82	23.30%	+4.97% TTM	+57.43% TTM	+22.90%
Rentomojo Limited	5,531	531.20	—	—	+45.51% FY26	+141.94% FY26	—
LEAP India Limited	5,401	122.60	—	—	—	—	—
SMARTWORKS COWORKING SPACES LIMITED	5,054	441.90	181.34	7.50%	—	—	-21.72%
Elevate Campuses Limited	4,788	284.10	—	—	—	—	—
INOX GREEN ENERGY SERVICES LIMITED	4,664	111.15	38.27	9.50%	+16.08% TTM	+204.22% TTM	-54.75%
Quess Corp Limited	4,621	309.35	18.24	17.50%	-12.06% TTM	+88.63% TTM	+31.64%
INDIQUBE SPACES LIMITED S	3,284	154.90	-35.12	5.70%	—	—	-31.99%
CMS Info Systems Limited	3,248	202.95	11.07	16.20%	+1.71% TTM	-21.79% TTM	-47.11%
Hemisphere Properties India Limited S	2,900	101.75	-248.17	-1.10%	-4.21% TTM	-46.15% TTM	-29.85%
Sanghvi Movers Ltd.	2,770	319.90	13.90	15.50%	+30.05% TTM	+19.84% TTM	-11.90%
EFC (I) LIMITED	2,457	166.05	9.49	17.80%	+42.05% TTM	+50.77% TTM	—
Bluspring Enterprises Limited	2,184	146.10	-125.05	1.00%	—	—	+81.27%
TeamLease Services Limited	1,611	1,054.20	10.68	11.00%	+4.68% TTM	+29.89% TTM	-40.03%
Awfis Space Solutions Limited	1,575	220.10	18.57	13.50%	+23.29% TTM	+13.03% TTM	-64.17%
Texmaco Infrastructure & Holdings Ltd	1,500	117.70	159.84	1.40%	+5.45% TTM	+339.54% TTM	+27.22%
Sobhagya Mercantile Ltd. S	1,348	1,295.95	65.75	18.30%	+23.00% TTM	+8.12% TTM	+40.77%
Updater Services Limited	1,313	196.15	15.62	8.70%	+7.88% TTM	-31.28% TTM	-16.21%
KRYSTAL INTEGRATED SERVICES LIMITED	826	591.00	12.64	17.60%	+2.83% TTM	+2.64% TTM	-1.16%
TANDHAN INDUSTRIES LIMITED S	662	132.95	-3,323.75	-0.20%	-100.00% TTM	-146.15% TTM	+996.95%
South West Pinnacle Exploration Limited	542	181.85	14.86	22.30%	+39.24% TTM	+135.81% TTM	+30.92%
ICDS Ltd.	55	42.53	85.10	4.70%	-46.39% TTM	-69.05% TTM	-16.36%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Compliance Certificate u/r 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th September, 20267 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Scrutinizers Report and Voting Results of 55th AGM held on Thursday, 24th day of September, 2026.25 Sep 2026 · AGM/EGM / AGM
Proceedings of 55th AGM held on 24th September, 2026 through Video Conferencing.24 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Reply to Clarification on significant movement in price of securities.4 Sep 2026 · Company Update / General
With reference to the clarification sought by the Exchange vide its communication dated 4th September, 2026 in respect of significant movement in Price of Securities, company''s reply is ....4 Sep 2026 · Company Update / General
The Exchange has sought clarification from ICDS Ltd on September 04, 2026, with reference to Movement in Price. The reply is awaited.4 Sep 2026 · Company Update / Clarification
Annual Report for the financial year ended 31st March, 20261 Sep 2026 · Others / Reg. 34 (1) Annual Report
Book Closure intimation for the purpose of AGM29 Aug 2026 · Corp. Action / Book Closure
Notice of 55th Annual General Meeting - News Paper Publication with respect to Book Closure and evoting schedule and instructions to shareholders in connection therewith.28 Aug 2026 · Company Update / Newspaper Publication
Copies of newspaper publication with respect to unaudited financial results for the quarter ended June 30, 2026.12 Aug 2026 · Company Update / Newspaper Publication
Outcome of Board meeting : approval of Unaudited Financial results, fixation of date, time, venue for 55th AGM and approval of draft notice of AGM.11 Aug 2026 · Board Meeting / Outcome of Board Meeting
Unaudited Financial Results for the Quarter ended 30th June, 2026 duly approved in the Board meeting held on 11th August, 202611 Aug 2026 · Result / Financial Results
ICDS Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve Unaudited Financial Results for the Quarter ....1 Aug 2026 · Board Meeting / Board Meeting
Certificate under Reg.74(5) of SEBI (DP) Regulations, 2018.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication of Financial Results30 May 2026 · Company Update / Newspaper Publication
Audited Financial Results for the financial year ended 31st March, 202629 May 2026 · Result / Financial Results
Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2026.29 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
ICDS Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve audited financial results for the year ....20 May 2026 · Board Meeting / Board Meeting
Sub: Additional Details required for Corporate Announcement filed under Reg.30 of SEBI (LODR) Regulations, 2015. As per the email communication dated 30/04/2026 received from the Exchange ....30 Apr 2026 · Company Update / Meeting Updates
Approval of inter-corporate Loan29 Apr 2026 · Company Update / Meeting Updates
Compliance Certificate under Reg.74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31st March, 2026.7 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....2 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Closure of Trading Window25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
With reference to the Exchange communication dated March 16, 2026, seeking clarification on the significant price movement of the company''s securities, we are attaching herewith the company''s reply.17 Mar 2026 · Company Update / General
The Exchange has sought clarification from ICDS Ltd on March 16, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information ....16 Mar 2026 · Company Update / Clarification
News Paper publication of Financial Results for the Quarter ended December 31, 2025.13 Feb 2026 · Company Update / Newspaper Publication
outcome of Board Meeting : Approval of Unaudited Financial Results for the three months and nine months period ended December 31, 202512 Feb 2026 · Board Meeting / Outcome of Board Meeting
ICDS Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2026 ,inter alia, to consider and approve Next meeting of Board of Directors of ....2 Feb 2026 · Board Meeting / Board Meeting
Compliance Certificate under Reg.74(5) SEBI (DP) Regulations, 2018.13 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of closure of trading window26 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Announcement under Regulation 30 (LODR) - Newspaper Publication of unaudited financial results for the quarter ended 30th September 2025.13 Nov 2025 · Company Update / Newspaper Publication
Approval of unaudited financial results for the Quarter ended 30th September, 202512 Nov 2025 · Result / Financial Results
ICDS Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2025 ,inter alia, to consider and approve Next Board Meeting will be held on Wednesday, ....3 Nov 2025 · Board Meeting / Board Meeting
Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations, 20189 Oct 2025 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window for financial results.26 Sep 2025 · Insider Trading / SAST / Closure of Trading Window
Scrutinizer''s Report and Voting Results of 54th AGM held on 25th September, 202526 Sep 2025 · AGM/EGM / AGM
Outcome of 54th AGM held on Thursday 25th September, 202525 Sep 2025 · AGM/EGM / AGM
Annual Report for the Financial Year ended 31st March, 2025 attached.3 Sep 2025 · Others / Reg. 34 (1) Annual Report

Board meetings

11 Aug 2026 Board Meeting - Financial Results