ICDS quarterly results and financials

ICDS (ICDSLTD)₹46.12−2.00%(9 Nov 2026 close)Diversified Commercial Services

Key facts

In the Jun 2026 quarter (consolidated), ICDS reported sales of ₹0.62 Cr, down 20.5% from Jun 2025, and net profit of ₹0.94 Cr, down 32.4% year on year. For the year to Mar 2026, sales were ₹2.40 Cr and net profit ₹1.10 Cr.

Sales (Jun 2026): ₹0.62 Cr
Net profit (Jun 2026): ₹0.94 Cr
Sales (FY Mar 2026): ₹2.40 Cr
Net profit (FY Mar 2026): ₹1.10 Cr
EPS (Jun 2026): ₹0.70
Borrowings (Mar 2026): ₹0 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

ICDS quarterly results

₹ crore unless stated; each column is a quarter.

ICDS Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	0.58	0.51	0.72	0.53	0.54	0.52	2.36	0.78	0.54	0.58	0.53	0.62
Expenses	0.39	0.30	0.39	0.40	0.28	0.36	0.85	0.41	0.45	0.32	0.98	0.61
Operating Profit	0.20	0.22	0.34	0.14	0.27	0.17	1.52	0.38	0.10	0.27	−0.46	0.02
OPM %	33.3%	41.9%	46.4%	25.0%	49.0%	31.3%	64.2%	48.0%	16.9%	45.6%	−86.6%	1.6%
Other Income	0.82	−0.06	0.21	0.72	0.71	0.40	−0.49	1.28	−0.18	0.39	0.07	1.13
Interest	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.03	0.02	0.03
Depreciation	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.09	0.09	0.08
Profit before tax	0.88	0.04	0.41	0.72	0.84	0.43	0.91	1.52	−0.17	0.51	−0.49	1.01
Tax %	4.5%	220.0%	26.2%	5.5%	23.5%	277.2%	8.7%	9.8%	72.2%	13.5%	−16.0%	7.9%
Net Profit	0.86	−0.07	0.32	0.70	0.66	−0.78	0.85	1.39	−0.33	0.47	−0.43	0.94
EPS (Rs)	0.64	−0.04	0.23	0.52	0.49	−0.58	0.63	1.05	−0.24	0.34	−0.31	0.70

ICDS profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

ICDS Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	4.84	2.81	6.47	3.29	3.12	0.98	1.43	1.93	2.29	3.91	2.40	2.27
Expenses	4.15	2.10	1.92	5.29	3.77	1.65	1.68	1.80	1.45	1.49	2.13	2.36
Operating Profit	0.70	0.72	4.55	−2.01	−0.66	−0.68	−0.26	0.14	0.85	2.43	0.28	−0.07
OPM %	14.3%	25.3%	70.4%	−61.0%	−20.9%	−69.1%	−17.6%	6.8%	36.8%	62.0%	11.2%	−3.1%
Other Income	0.21	6.73	0.07	0.47	0.38	2.12	6.60	0.84	1.97	0.97	1.55	1.41
Interest	0.15	0.15	0.08	0.07	0.09	0.09	0.08	0.07	0.09	0.09	0.07	0.10
Depreciation	0.13	0.13	0.13	0.13	0.34	0.33	0.32	0.35	0.35	0.36	0.37	0.34
Profit before tax	0.60	7.14	4.38	−1.73	−0.70	1.01	5.92	0.53	2.35	2.92	1.36	0.86
Tax %	16.4%	4.5%	29.6%	6.9%	15.5%	627.4%	1.7%	29.6%	13.6%	52.2%	20.4%	—
Exceptional items	0.00	0.00	0.00	0.00	0.28	0.00	6.39	0.00	0.00	−0.30	0.00	—
Net Profit	0.52	6.85	3.11	−1.88	−0.82	−5.39	5.85	0.39	2.05	1.41	1.10	0.65
EPS (Rs)	0.38	5.24	2.37	−1.43	−0.61	−4.12	4.47	0.28	1.56	1.06	0.83	0.49
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

ICDS balance sheet

₹ crore, at each year end.

ICDS Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	13.00	12.99	12.99	12.99	12.99	12.99	13.00	12.99	13.00	13.00	12.99	12.99
Reserves	3.49	4.00	11.59	14.63	12.66	11.83	6.35	12.21	12.51	14.53	15.95	16.95
Borrowings	1.32	1.32	0.13	0.55	0.73	0.21	0.15	0.49	0.31	0.14	0.27	0.00
Other Liabilities	21.15	20.52	20.23	4.28	1.06	0.95	0.99	0.90	1.00	0.98	2.97	3.04
Total Liabilities	38.96	38.83	44.94	32.45	27.44	25.98	20.49	26.59	26.82	28.65	32.18	32.98
Fixed Assets	0.25	0.21	7.63	7.51	7.39	11.13	10.79	10.76	10.41	10.01	9.75	9.42
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	8.75	8.62	8.28	7.17	4.00	2.49	4.53	4.14	4.33	5.81	5.80	5.14
Other Assets	29.96	30.00	29.03	17.77	16.05	12.36	5.17	11.69	12.08	12.83	16.63	18.42
Inventories	16.19	15.38	14.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Trade receivables	0.36	0.31	0.09	0.12	0.07	0.10	0.10	0.06	0.07	0.17	0.08	0.08
Cash & equivalents	5.25	3.65	2.30	4.39	2.34	3.12	2.53	2.09	5.19	3.54	1.90	4.16
Total Assets	38.96	38.83	44.94	32.45	27.44	25.98	20.49	26.59	26.82	28.65	32.18	32.98

ICDS cash flow

₹ crore, for each year.

ICDS Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−0.39	−1.96	0.92	−2.89	−2.61	−1.93	−0.89	−0.55	6.37	0.21	1.07	1.63
Cash from investing activity	6.19	−0.25	0.02	2.43	2.41	2.45	0.90	0.22	−6.16	0.22	−1.41	−0.82
Cash from financing activity	−3.46	0.00	−1.18	0.41	0.14	−0.53	−0.07	0.30	−0.19	−0.17	0.10	−0.26
Net cash flow	2.36	−2.22	−0.26	−0.04	−0.04	−0.02	−0.05	0.02	−0.02	0.26	−0.26	0.53
Capex	0.00	0.02	0.00	0.00	0.02	0.06	0.00	0.29	0.00	0.01	0.09	0.05
Free cash flow	−0.38	−1.95	0.90	−2.88	−2.62	−1.50	−0.87	−0.83	6.33	0.21	0.95	1.55
CFO / OP %	−22.1%	−258.1%	138.9%	−18.0%	90.9%	103.0%	118.0%	164.0%	5,068.9%	57.0%	109.9%	214.9%

ICDS ratios

Working-capital days and returns, by year.

ICDS Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	23	23	12	6	8	12	40	17	14	28	7	13
Inventory days	2,265	2,487	12,044	—	—	—	—	—	—	—	—	—
Days payable	36	5	51	—	—	—	—	—	—	—	—	—
Cash conversion cycle	2,253	2,508	12,007	7	9	13	41	18	15	29	8	14
Working capital days	737	768	1,450	−182	−42	−62	−60	1,658	−27	967	356	1,301
ROCE %	7.1%	4.1%	33.8%	16.8%	−6.2%	−3.7%	4.9%	−2.3%	2.3%	9.1%	11.8%	4.8%

ICDS: frequently asked questions

What are the latest quarterly results of ICDS?

For the Jun 2026 quarter, ICDS reported sales of ₹0.62 Cr, down 20.5% year on year and net profit of ₹0.94 Cr, down 32.4% year on year. The operating margin was 1.6%.

What is the annual revenue of ICDS?

ICDS' sales for the year to Mar 2026 were ₹2.40 Cr; over the last twelve months they were ₹2.27 Cr.

What is the net profit of ICDS?

Net profit for the year to Mar 2026 was ₹1.10 Cr, and ₹0.65 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.49.

How much debt does ICDS have?

ICDS reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹4.16 Cr.

What is the free cash flow of ICDS?

Cash from operations was ₹1.63 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1.55 Cr.

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