Icodex Publishing Solutions Peer Comparison

BSE: 544483

₹37.65

₹-0.84 (-2.18%)

As on 24-Sep-2026IST

Market cap

₹59 Cr

Revenue (TTM)

₹22 Cr

P/E Ratio

8.3

P/B Ratio

2.6

Div. Yield

0 %

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	Icodex Publishing Solutions	Hexaware Technologies	Netweb Tech	Megasoft	Zen Technologies
Market cap (₹ Cr)	59	30,508	27,669	18,054	14,855
Revenue (₹ Cr)	22	14,670	2,702	843	671
Net Profit (₹ Cr)	8.96	1,343.30	260.66	163.80	198.83
Net Margin (%)	40.56	9.19	9.55	17.14	26.37
RoE (%)	64.81	22.16	40.04	15.04	9.88
Price to Earnings	8.30	22.71	106.15	118.87	82.45
Price-To-Book	2.62	4.55	13.78	18.67	7.75

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Icodex Publishing Solutions	Hexaware Technologies	Netweb Tech	Megasoft	Zen Technologies
Operating Revenue	21.88	13,430.40	1,149.02	107.36	973.64
Total Income	22.08	13,882.80	1,158.41	149.58	1,032.03
Total Expenditure	8.45	11,577.70	989.98	92.52	591.12
EBITDA	13.43	1,852.70	159.04	14.84	382.52
Depreciation	0.59	361.30	11.34	4.87	15.41
EBIT	12.84	1,491.40	147.70	9.97	367.11
Interest	0.22	105.90	4.09	19.87	19.38
Other Income	0.20	452.40	9.39	42.23	58.39
Exceptional Items	--	-111.10	--	--	--
Profit before Tax	12.82	1,726.80	153.00	-6.92	406.07
Provision for Tax	3.86	358.50	39.25	7.06	106.74
Profit after Tax	8.96	1,368.30	113.75	-13.98	299.33

Liabilities (₹ Cr)

	Icodex Publishing Solutions	Hexaware Technologies	Netweb Tech	Megasoft	Zen Technologies
Shareholder's Funds	19.05	6,315.80	529.18	204.30	1,700.69
Minority Interest	--	-3.20	--	0.00	35.22
Non-Current Liabilities	0.51	677.40	7.39	153.36	64.70
Current Liabilities	5.19	3,510.30	353.63	110.16	243.97
Total Liabilities	24.75	10,902.30	892.21	468.34	2,049.02

Assets (₹ Cr)

	Icodex Publishing Solutions	Hexaware Technologies	Netweb Tech	Megasoft	Zen Technologies
Non-Current Assets	14.21	5,452.60	66.36	332.71	240.48
Current Assets	10.54	5,047.70	823.84	135.11	1,804.09
Total Assets	24.75	10,902.30	892.21	468.34	2,049.02
Total Debt*	2.99	0.00	1.27	146.27	54.15
Net Current Assets	5.35	1,537.40	470.21	24.95	1,560.12
Contingent Liabilities	0.42	--	83.75	0.29	18.36

Cashflow (₹ Cr)

	Icodex Publishing Solutions	Hexaware Technologies	Netweb Tech	Megasoft	Zen Technologies
Cash From Operating Activities	6.35	1,739.10	-13.21	19.38	31.03
Cash Flow from Investing Activities	-9.22	-996.20	111.59	20.45	-1,000.42
Cash from Financing Activities	3.44	-830.80	-17.97	-50.10	1,006.83
Net Cash Inflow / Outflow	0.57	-87.90	80.41	-10.27	37.45

Ratios

Profitability Ratios

	Icodex Publishing Solutions	Hexaware Technologies	Netweb Tech	Megasoft	Zen Technologies
ROCE (%)	82.78	31.40	32.90	4.17	38.61
ROE (%)	64.81	23.83	24.23	-12.32	27.92
ROA (%)	50.57	14.23	15.15	-3.35	21.42
EBIT Margin (%)	62.31	17.16	14.66	53.15	45.28
Net Margin (%)	40.56	9.86	9.82	-9.35	29.00
Cash Profit Margin (%)	43.64	12.88	10.89	-8.49	32.33

Growth Ratios

	Icodex Publishing Solutions	Hexaware Technologies	Netweb Tech	Megasoft	Zen Technologies
Revenue Growth (%)	110.35	12.16	58.69	--	121.36
EBIT Growth (%)	181.28	20.69	47.21	100.42	125.29
Net Profit Growth (%)	103.69	16.55	49.86	-284.36	131.14
EPS Growth (%)	99.70	16.20	49.10	-9.69	103.98
Book Value Growth (%)	121.72	17.80	26.15	-51.52	281.00

Valuation Ratios

	Icodex Publishing Solutions	Hexaware Technologies	Netweb Tech	Megasoft	Zen Technologies
Price / Earnings	0.00	34.01	75.39	0.00	47.60
Price / Book Value	0.00	7.50	16.37	5.07	7.85
Dividend Yield (%)	--	1.50	0.17	0.00	0.14
EV/EBITDA	0.85	19.34	49.85	8.96	29.47
Market Cap (₹ Cr)	0.00	46,564.54	8,575.26	375.41	13,338.50

Solvency Ratios

	Icodex Publishing Solutions	Hexaware Technologies	Netweb Tech	Megasoft	Zen Technologies
Debt to Equity	0.16	0.00	0.00	1.97	0.03
Short term debt to equity ratio	0.16	--	--	0.04	0.00
Current Ratio	2.03	1.44	2.33	1.23	7.39
Quick Ratio	2.03	1.44	1.70	1.05	6.91
Interest Coverage	58.81	17.31	38.41	0.65	21.96

Operating Efficiency Ratios

	Icodex Publishing Solutions	Hexaware Technologies	Netweb Tech	Megasoft	Zen Technologies
Debtors to sales (%)	22.58	15.31	31.46	54.99	42.15
Asset Turnover	1.24	1.40	1.53	0.26	0.70
Receivable days	52.67	54.78	86.62	200.72	111.51
Inventory Days	0.00	0.00	53.36	66.61	54.05
Payable days	--	--	87.70	98.88	28.47
Cash Conversion Cycle	--	--	52.28	168.45	137.09

Annual
Quarterly