INDICAP

INDICAP financials

Market cap
₹6 Cr

Quarterly results

Q4 FY25: revenue down 124.4%, net profit down 9700.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25
Revenue44 41 41 41 29 −34%22 −46%13 −68%-10 −124%
EBITDA10 5 10 5 6 −40%-7 −240%-4 −140%-101 −2120%
Net profit0 0 1 1 0 -2 -7 −800%-96 −9700%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −55.4% 1Y

₹3.00₹4.00₹5.00₹6.00Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Aug 26

1Y: ₹5.63 on 5 Sept 2025 → ₹2.51. High ₹5.76 (14 Oct 2025), low ₹2.28 (6 Jul 2026).

Financials, as filed

Revenue fell 44.5% a year over 2 years, FY23 to FY25. Operating margin narrowed to -196.3%.

Year endingFY23FY24FY25
Revenue₹175 Cr₹167 Cr₹54 Cr
Operating profit₹18 Cr₹30 Cr₹-106 Cr
Operating margin10.3%18.0%-196.3%
Interest₹35 Cr₹27 Cr₹19 Cr
Depreciation₹8 Cr₹7 Cr₹3 Cr
Net profit₹-20 Cr₹2 Cr₹-105 Cr
Net margin-11.4%1.2%-194.4%
Cash from operations₹104 Cr₹91 Cr₹-45 Cr
Free cash flow₹101 Cr₹87 Cr₹-41 Cr
ROCE3.0%9.0%-31.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY20FY21FY22FY23FY24FY25
Equity capital₹23 Cr₹23 Cr₹23 Cr₹23 Cr₹23 Cr₹23 Cr
Reserves₹104 Cr₹111 Cr₹117 Cr₹96 Cr₹95 Cr₹48 Cr
Borrowings₹207 Cr₹257 Cr₹385 Cr₹256 Cr₹150 Cr₹174 Cr
Other liabilities₹128 Cr₹114 Cr₹131 Cr₹136 Cr₹133 Cr₹74 Cr
Total liabilities₹462 Cr₹506 Cr₹656 Cr₹511 Cr₹401 Cr₹319 Cr
Fixed assets₹9 Cr₹9 Cr₹34 Cr₹32 Cr₹30 Cr₹23 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹1 Cr₹10 Cr₹11 Cr₹11 Cr₹14 Cr₹13 Cr
Other assets₹452 Cr₹487 Cr₹610 Cr₹468 Cr₹357 Cr₹284 Cr
Total assets₹462 Cr₹506 Cr₹656 Cr₹511 Cr₹401 Cr₹319 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Dec 2025

Since Dec 2024, promoters trimmed −24.68 pp while the public added +24.68 pp. The shareholder count grew 29% to 8,573.

Promoters
6.4%
FIIs
0.2%
Public
93.4%

Since Dec 2024

  • Promoters −24.68 pp
  • Public +24.68 pp
  • FIIs 0.00 pp

How it drifted, 12 quarters

Over this window the public went from 25.9% to 93.4% — +67.5 pp.

Mar '23Jun '24Dec '25

Ownership split by quarter, oldest first. Mar '23: Promoters 73.6%, FIIs 0.2%, Public 25.9%, Others 0.3%.Jun '23: Promoters 73.6%, FIIs 0.2%, Public 25.9%, Others 0.3%.Sep '23: Promoters 73.6%, FIIs 0.2%, Public 25.9%, Others 0.3%.Dec '23: Promoters 73.6%, FIIs 0.2%, Public 25.9%, Others 0.3%.Mar '24: Promoters 73.6%, FIIs 0.2%, Public 25.9%, Others 0.3%.Jun '24: Promoters 31.1%, FIIs 0.2%, Public 68.7%.Sep '24: Promoters 31.1%, FIIs 0.2%, Public 68.7%.Dec '24: Promoters 31.1%, FIIs 0.2%, Public 68.7%.Mar '25: Promoters 6.4%, FIIs 0.2%, Public 93.4%.Jun '25: Promoters 6.4%, FIIs 0.2%, Public 93.4%.Sep '25: Promoters 6.4%, FIIs 0.2%, Public 93.4%.Dec '25: Promoters 6.4%, FIIs 0.2%, Public 93.4%.

Who was buying across the market this quarter →

Who is on the register

Named in the Dec 2025 filing

Every holder of INDICAP above SEBI's 1% disclosure line, and what changed since Sep 2025.

HolderStakeChange
Juno Moneta Technologies Private Limited 5.78%unchanged
A T Invofin India Pvt Ltd 0.43%unchanged
Sudip Bandyopadhyay 0.21%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse INDICAP

Guides on how to read this kind of business and the numbers that matter.