
About Icds Limited
Data last updated:
Icds Limited is a public limited company based in Karnataka, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 21 October 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L65993KA1971PLC002106. Its GSTIN is 29AAACI4355H1ZI (Karnataka). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 511194 and NSE: ICDSLTD.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹13.03 Cr. It is led by directors including Sujir Prabhakar (Managing Director) and Sachin Tonse Pai.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Syndicate House Upendra Nagar Manipal, Karnataka, India – 576104.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2.39 Cr, a decline of 38.7% compared to the previous year. For the same year it recorded a net profit of ₹1.61 Cr (net margin 67.4%) and EBITDA of ₹26 Lakh (EBITDA margin 10.9%). The net worth stands at ₹29.97 Cr (up 3.5% YoY). Total assets are valued at ₹30.53 Cr (up 2.5% YoY).
The company has about 12 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: ICDS Limited. Court records list 2,283 cases involving the company, including 1,878 filed by the company and 406 filed against it; 15 cases are pending. The company has 4 deals on record (4 market trades); the latest was in September 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icdslimited.com.
Company details
CIN history
Icds has one previous CIN (Corporate Identification Number): U65993KA1971PLC002106. The current CIN is L65993KA1971PLC002106, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65993KA1971PLC002106 | Current |
| U65993KA1971PLC002106 | Previous |
Contact details
Icds Limited's registered office is in Karnataka. Its website is icdslimited.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSyndicate House Upendra Nagar Manipal, Karnataka, India – 576104
- IndustryFinancial Services, NBFC
To see the full contact details of Icds Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Icds operates one associated brand: ICDS Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services are provided by ICDS in India since 1971. | icdslimited.com |
Business activity
The main business activities of Icds are financial and insurance service, trade and real estate. In detail, this covers financial and credit leasing activities, retail trading and real estate activities with own or leased property. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities | |
| G | Trade | G2 | Retail Trading | |
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Icds Limited, buy the company report.
Financials of Icds Limited
FY 2025-26 filings availableIcds Limited reported revenue of ₹2.39 Cr (down 38.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2.39 | 3.90 | 2.28 | 1.92 | 1.42 | 1.05 | 3.11 |
| Revenue growth | -38.7% | +71.1% | +18.8% | +35.2% | +35.2% | -66.2% | - |
| EBITDA | 0.26 | 2.06 | 0.85 | 0.12 | (0.24) | (0.66) | (0.67) |
| EBITDA margin | +10.9% | +52.8% | +37.3% | +6.3% | -16.9% | -62.9% | -21.5% |
| Profit before tax | 1.36 | 2.93 | 2.37 | 0.53 | 5.95 | 1.03 | (0.73) |
| Net profit | 1.61 | 1.71 | 2.05 | 0.37 | (0.57) | (5.37) | (1.13) |
| Net profit margin | +67.4% | +43.9% | +89.9% | +19.3% | -40.1% | -511.4% | -36.3% |
| EPS (₹) | 0.84 | 1.08 | 1.56 | 0.29 | 4.48 | (4.13) | (0.62) |
| Balance sheet | |||||||
| Total assets | 30.53 | 29.78 | 28.19 | 26.55 | 26.26 | 20.22 | 25.47 |
| Net worth | 29.97 | 28.95 | 27.54 | 25.52 | 25.22 | 19.37 | 24.84 |
| Total debt | 0.00 | 0.26 | 0.13 | 0.30 | 0.48 | 0.14 | 0.20 |
| Cash & bank | 4.17 | 1.91 | 3.55 | 5.20 | 2.10 | 2.54 | 3.13 |
| Net working capital | 8.47 | 5.97 | 9.71 | 5.36 | 8.55 | 2.52 | 2.81 |
| Cash flow | |||||||
| Cash from operations | 1.62 | 1.06 | 0.20 | 6.36 | (0.54) | (0.88) | (1.92) |
| Cash from investing | (0.83) | (1.42) | 0.23 | (6.17) | 0.23 | 0.91 | 2.46 |
| Cash from financing | (0.27) | 0.11 | (0.18) | (0.20) | 0.31 | (0.08) | (0.54) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.61 | 0.52 | 0.57 | 0.53 | 0.77 | 2.35 | 0.51 | 0.53 |
| Revenue growth (YoY) | -20.8% | -77.9% | +11.8% | 0.0% | +48.1% | - | - | - |
| Other income | 1.12 | 0.06 | 0.38 | (0.17) | 1.27 | (0.48) | 0.39 | 0.70 |
| EBITDA | 0.00 | (0.44) | 0.25 | 0.10 | 0.36 | 1.51 | 0.16 | 0.26 |
| EBITDA margin | 0.0% | -84.6% | +43.9% | +18.9% | +46.8% | +64.3% | +31.4% | +49.1% |
| Depreciation | 0.09 | 0.10 | 0.10 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 |
| Interest | 0.02 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 1.01 | (0.49) | 0.51 | (0.17) | 1.52 | 0.92 | 0.44 | 0.85 |
| Tax | 0.08 | (0.08) | 0.07 | 0.13 | 0.15 | 0.08 | 1.22 | 0.20 |
| Net profit | 0.93 | (0.41) | 0.44 | (0.30) | 1.37 | 0.84 | (0.78) | 0.65 |
| EPS (₹) | 0.72 | (0.32) | 0.35 | (0.24) | 1.06 | 0.64 | (0.59) | 0.50 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1.65 | 3.18 | 1.57 | 1.33 | 1.03 | 2.83 | 3.21 |
| Revenue growth | -48.1% | +102.6% | +18.1% | +29.1% | -63.6% | -11.8% | - |
| EBITDA | (0.38) | 1.42 | 0.24 | (0.27) | (0.54) | 1.21 | (0.41) |
| EBITDA margin | -23.0% | +44.7% | +15.3% | -20.3% | -52.4% | +42.8% | -12.8% |
| Profit before tax | 0.56 | 2.18 | 1.75 | 0.16 | 5.68 | 0.89 | (0.43) |
| Net profit | 0.98 | 1.13 | 1.56 | 0.06 | (0.84) | (5.47) | (0.80) |
| Net profit margin | +59.4% | +35.5% | +99.4% | +4.5% | -81.6% | -193.3% | -24.9% |
| EPS (₹) | 0.36 | 0.62 | 1.19 | 0.05 | 4.32 | (4.20) | (0.38) |
| Balance sheet | |||||||
| Total assets | 25.67 | 25.53 | 24.60 | 23.22 | 23.43 | 17.60 | 23.16 |
| Net worth | 25.34 | 24.95 | 24.14 | 22.59 | 22.61 | 16.97 | 22.53 |
| Total debt | 0.00 | 0.26 | 0.13 | 0.30 | 0.48 | 0.14 | 0.20 |
| Cash & bank | 3.14 | 1.46 | 3.49 | 4.48 | 1.90 | 2.53 | 1.15 |
| Net working capital | 6.42 | 4.51 | 8.75 | 4.68 | 8.36 | 2.58 | 1.20 |
| Cash flow | |||||||
| Cash from operations | 1.19 | 0.64 | (0.28) | 5.85 | (0.73) | (0.86) | (1.58) |
| Cash from investing | (0.59) | (1.00) | 0.71 | (5.65) | 0.40 | 0.96 | 2.05 |
| Cash from financing | (0.27) | 0.11 | (0.18) | (0.20) | 0.31 | (0.08) | (0.54) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.42 | 0.33 | 0.39 | 0.35 | 0.59 | 2.16 | 0.33 | 0.35 |
| Revenue growth (YoY) | -28.8% | -84.7% | +18.2% | 0.0% | +73.5% | - | - | - |
| Other income | 1.06 | 0.00 | 0.33 | (0.22) | 1.23 | (0.53) | 0.34 | 0.66 |
| Total expenses | 0.55 | 0.94 | 0.30 | 0.41 | 0.38 | 0.82 | 0.33 | 0.25 |
| EBITDA | (0.13) | (0.61) | 0.09 | (0.06) | 0.21 | 1.34 | 0.00 | 0.10 |
| EBITDA margin | -31.0% | -184.8% | +23.1% | -17.1% | +35.6% | +62.0% | 0.0% | +28.6% |
| Depreciation | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 0.83 | (0.71) | 0.32 | (0.38) | 1.34 | 0.71 | 0.24 | 0.66 |
| Tax | 0.04 | (0.12) | 0.03 | 0.09 | 0.11 | 0.03 | 1.18 | 0.16 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.61 | 0.52 | 0.57 | 0.53 | 0.77 | 2.35 | 0.51 | 0.53 |
| Revenue growth (YoY) | -20.8% | -77.9% | +11.8% | 0.0% | +48.1% | - | - | - |
| Other income | 1.12 | 0.06 | 0.38 | (0.17) | 1.27 | (0.48) | 0.39 | 0.70 |
| EBITDA | 0.00 | (0.44) | 0.25 | 0.10 | 0.36 | 1.51 | 0.16 | 0.26 |
| EBITDA margin | 0.0% | -84.6% | +43.9% | +18.9% | +46.8% | +64.3% | +31.4% | +49.1% |
| Depreciation | 0.09 | 0.10 | 0.10 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 |
| Interest | 0.02 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 1.01 | (0.49) | 0.51 | (0.17) | 1.52 | 0.92 | 0.44 | 0.85 |
| Tax | 0.08 | (0.08) | 0.07 | 0.13 | 0.15 | 0.08 | 1.22 | 0.20 |
| Net profit | 0.93 | (0.41) | 0.44 | (0.30) | 1.37 | 0.84 | (0.78) | 0.65 |
| EPS (₹) | 0.72 | (0.32) | 0.35 | (0.24) | 1.06 | 0.64 | (0.59) | 0.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2.39 | 3.90 | 2.28 | 1.92 | 1.42 | 1.05 | 3.11 |
| Revenue growth | -38.7% | +71.1% | +18.8% | +35.2% | +35.2% | -66.2% | - |
| Other income | 1.54 | 1.32 | 1.96 | 0.83 | 6.59 | 2.11 | 0.37 |
| Total expenses | 2.13 | 1.84 | 1.43 | 1.80 | 1.66 | 1.71 | 3.78 |
| Employee cost | 0.48 | 0.55 | 0.66 | 0.73 | 0.61 | 0.74 | 0.86 |
| EBITDA | 0.26 | 2.06 | 0.85 | 0.12 | (0.24) | (0.66) | (0.67) |
| EBITDA margin | +10.9% | +52.8% | +37.3% | +6.3% | -16.9% | -62.9% | -21.5% |
| Depreciation | 0.38 | 0.37 | 0.36 | 0.36 | 0.33 | 0.34 | 0.35 |
| Interest | 0.06 | 0.08 | 0.08 | 0.06 | 0.07 | 0.08 | 0.08 |
| Profit before tax | 1.36 | 2.93 | 2.37 | 0.53 | 5.95 | 1.03 | (0.73) |
| Tax | 0.28 | 1.53 | 0.32 | 0.16 | 0.10 | 6.40 | 0.11 |
| Net profit | 1.61 | 1.71 | 2.05 | 0.37 | (0.57) | (5.37) | (1.13) |
| Net profit margin | +67.4% | +43.9% | +89.9% | +19.3% | -40.1% | -511.4% | -36.3% |
| EPS (₹) | 0.84 | 1.08 | 1.56 | 0.29 | 4.48 | (4.13) | (0.62) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.03 | 13.03 | 13.03 | 13.03 | 13.03 | 13.03 | 13.03 |
| Reserves & surplus | 16.94 | 15.92 | 14.51 | 12.49 | 12.19 | 6.34 | 11.81 |
| Shareholders' funds (net worth) | 29.97 | 28.95 | 27.54 | 25.52 | 25.22 | 19.37 | 24.84 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.26 | 0.13 | 0.30 | 0.48 | 0.14 | 0.20 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.26 | 0.13 | 0.30 | 0.48 | 0.14 | 0.20 |
| Total liabilities | 30.53 | 29.78 | 28.19 | 26.55 | 26.26 | 20.22 | 25.47 |
| Assets | |||||||
| Gross block | 12.26 | 12.22 | 12.11 | 12.15 | 12.14 | 11.85 | 11.85 |
| Net block | 9.40 | 9.73 | 9.99 | 10.38 | 10.73 | 10.78 | 11.12 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 5.15 | 5.81 | 5.82 | 4.34 | 4.15 | 4.54 | 2.50 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.09 | 0.09 | 0.18 | 0.08 | 0.07 | 0.11 | 0.11 |
| Cash & bank balances | 4.17 | 1.91 | 3.55 | 5.20 | 2.10 | 2.54 | 3.13 |
| Loans & advances | 6.61 | 6.39 | 6.46 | 0.36 | 6.73 | 0.13 | 0.10 |
| Total current assets | 10.87 | 8.39 | 10.19 | 5.64 | 8.90 | 2.78 | 3.34 |
| Total current liabilities | 2.40 | 2.42 | 0.48 | 0.28 | 0.35 | 0.26 | 0.53 |
| Net working capital | 8.47 | 5.97 | 9.71 | 5.36 | 8.55 | 2.52 | 2.81 |
| Total assets | 30.53 | 29.78 | 28.19 | 26.55 | 26.26 | 20.22 | 25.47 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.08 | 0.33 | 0.07 | 0.08 | 0.07 | 0.12 | 0.12 |
| Net cash from operating activities | 1.62 | 1.06 | 0.20 | 6.36 | (0.54) | (0.88) | (1.92) |
| Net cash from investing activities | (0.83) | (1.42) | 0.23 | (6.17) | 0.23 | 0.91 | 2.46 |
| Net cash from financing activities | (0.27) | 0.11 | (0.18) | (0.20) | 0.31 | (0.08) | (0.54) |
| Net change in cash | 0.52 | (0.25) | 0.25 | (0.01) | 0.01 | (0.04) | (0.01) |
| Closing cash | 4.17 | 1.91 | 3.55 | 5.20 | 2.10 | 2.54 | 3.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -38.7% | +71.1% | +18.8% | +35.2% | +35.2% | -66.2% | - |
| EBITDA growth | -87.4% | +142.4% | +608.3% | +150.0% | +63.6% | +1.5% | - |
| PBT growth | -53.6% | +23.6% | +347.2% | -91.1% | +477.7% | +9998.0% | +58.1% |
| Net income growth | -5.9% | -16.6% | +454.1% | +164.9% | +89.4% | -375.2% | - |
| Revenue CAGR (3Y) | +7.6% | +40.0% | +29.5% | -14.9% | -24.4% | -45.4% | +3.6% |
| EBITDA CAGR (3Y) | +29.4% | - | - | - | -50.7% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +45.2% | +35.9% | +89.9% | +19.3% | +412.0% | -511.4% | -27.0% |
| Return on capital employed | +7.1% | +11.6% | +9.0% | +2.2% | -2.2% | 0.0% | -3.6% |
| Return on net worth | +5.5% | +6.1% | +7.7% | +1.5% | -2.6% | 0.0% | -4.4% |
| Debt / equity | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.02 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -50.00 | 4.73 | 16.33 | -25.00 | -12.28 | -8.00 | -7.84 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.20 | 0.32 | 0.19 | 0.16 | 0.67 | 0.09 | 0.35 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 26.56 | 28.89 | 17.54 | 25.60 | 89.00 | 9.55 | 36.63 |
| EPS (₹) | 0.84 | 1.08 | 1.56 | 0.29 | 4.48 | (4.13) | (0.62) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 23.00 | 22.22 | 21.14 | 19.59 | 19.36 | 14.86 | 19.06 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.42 | 0.33 | 0.39 | 0.35 | 0.59 | 2.16 | 0.33 | 0.35 |
| Revenue growth (YoY) | -28.8% | -84.7% | +18.2% | 0.0% | +73.5% | - | - | - |
| Other income | 1.06 | 0.00 | 0.33 | (0.22) | 1.23 | (0.53) | 0.34 | 0.66 |
| Total expenses | 0.55 | 0.94 | 0.30 | 0.41 | 0.38 | 0.82 | 0.33 | 0.25 |
| EBITDA | (0.13) | (0.61) | 0.09 | (0.06) | 0.21 | 1.34 | 0.00 | 0.10 |
| EBITDA margin | -31.0% | -184.8% | +23.1% | -17.1% | +35.6% | +62.0% | 0.0% | +28.6% |
| Depreciation | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 0.83 | (0.71) | 0.32 | (0.38) | 1.34 | 0.71 | 0.24 | 0.66 |
| Tax | 0.04 | (0.12) | 0.03 | 0.09 | 0.11 | 0.03 | 1.18 | 0.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1.65 | 3.18 | 1.57 | 1.33 | 1.03 | 2.83 | 3.21 |
| Revenue growth | -48.1% | +102.6% | +18.1% | +29.1% | -63.6% | -11.8% | - |
| Other income | 1.33 | 1.15 | 1.90 | 0.81 | 6.59 | 0.06 | 0.37 |
| Total expenses | 2.03 | 1.76 | 1.33 | 1.60 | 1.57 | 1.62 | 3.62 |
| Employee cost | 0.48 | 0.55 | 0.66 | 0.73 | 0.61 | 0.74 | 0.85 |
| EBITDA | (0.38) | 1.42 | 0.24 | (0.27) | (0.54) | 1.21 | (0.41) |
| EBITDA margin | -23.0% | +44.7% | +15.3% | -20.3% | -52.4% | +42.8% | -12.8% |
| Depreciation | 0.36 | 0.35 | 0.35 | 0.35 | 0.32 | 0.32 | 0.33 |
| Interest | 0.03 | 0.04 | 0.04 | 0.03 | 0.05 | 0.06 | 0.06 |
| Profit before tax | 0.56 | 2.18 | 1.75 | 0.16 | 5.68 | 0.89 | (0.43) |
| Tax | 0.11 | 1.37 | 0.19 | 0.10 | 0.06 | 6.36 | 0.07 |
| Net profit | 0.98 | 1.13 | 1.56 | 0.06 | (0.84) | (5.47) | (0.80) |
| Net profit margin | +59.4% | +35.5% | +99.4% | +4.5% | -81.6% | -193.3% | -24.9% |
| EPS (₹) | 0.36 | 0.62 | 1.19 | 0.05 | 4.32 | (4.20) | (0.38) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.03 | 13.03 | 13.03 | 13.03 | 13.03 | 13.03 | 13.03 |
| Reserves & surplus | 12.31 | 11.92 | 11.11 | 9.56 | 9.58 | 3.94 | 9.50 |
| Shareholders' funds (net worth) | 25.34 | 24.95 | 24.14 | 22.59 | 22.61 | 16.97 | 22.53 |
| Secured loans | 0.00 | 0.26 | 0.13 | 0.30 | 0.48 | 0.14 | 0.20 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.26 | 0.13 | 0.30 | 0.48 | 0.14 | 0.20 |
| Total liabilities | 25.67 | 25.53 | 24.60 | 23.22 | 23.43 | 17.60 | 23.16 |
| Assets | |||||||
| Gross block | 9.40 | 9.36 | 9.26 | 9.29 | 9.29 | 8.99 | 8.99 |
| Net block | 6.70 | 7.01 | 7.26 | 7.63 | 7.98 | 7.99 | 8.32 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 5.27 | 5.92 | 5.94 | 4.45 | 4.26 | 4.65 | 2.61 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.09 | 0.09 | 0.18 | 0.08 | 0.07 | 0.08 | 0.11 |
| Cash & bank balances | 3.14 | 1.46 | 3.49 | 4.48 | 1.90 | 2.53 | 1.15 |
| Loans & advances | 5.37 | 5.16 | 5.26 | 0.35 | 6.72 | 0.19 | 0.22 |
| Total current assets | 8.60 | 6.71 | 8.93 | 4.91 | 8.69 | 2.80 | 1.48 |
| Total current liabilities | 2.18 | 2.20 | 0.18 | 0.23 | 0.33 | 0.22 | 0.28 |
| Net working capital | 6.42 | 4.51 | 8.75 | 4.68 | 8.36 | 2.58 | 1.20 |
| Total assets | 25.67 | 25.53 | 24.60 | 23.22 | 23.43 | 17.60 | 23.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.05 | 0.30 | 0.05 | 0.05 | 0.06 | 0.04 | 0.11 |
| Net cash from operating activities | 1.19 | 0.64 | (0.28) | 5.85 | (0.73) | (0.86) | (1.58) |
| Net cash from investing activities | (0.59) | (1.00) | 0.71 | (5.65) | 0.40 | 0.96 | 2.05 |
| Net cash from financing activities | (0.27) | 0.11 | (0.18) | (0.20) | 0.31 | (0.08) | (0.54) |
| Net change in cash | 0.33 | (0.25) | 0.25 | 0.00 | (0.02) | 0.02 | (0.07) |
| Closing cash | 3.14 | 1.46 | 3.49 | 4.48 | 1.90 | 2.53 | 1.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -48.1% | +102.6% | +18.1% | +29.1% | -63.6% | -11.8% | - |
| EBITDA growth | -126.8% | +491.7% | +188.9% | +50.0% | -144.6% | +395.1% | - |
| PBT growth | -74.3% | +24.6% | +993.8% | -97.2% | +538.2% | +9998.0% | +76.5% |
| Net income growth | -13.3% | -27.6% | +2500.0% | +107.1% | +84.6% | -583.8% | - |
| Revenue CAGR (3Y) | +7.5% | +45.6% | -17.8% | -25.5% | -30.4% | -25.0% | +6.5% |
| EBITDA CAGR (3Y) | +12.1% | - | -41.7% | -13.0% | -36.7% | -37.3% | - |
| Profitability & leverage | |||||||
| Net income margin | +27.3% | +25.5% | +99.4% | +4.5% | +545.6% | -193.3% | -15.6% |
| Return on capital employed | +5.1% | +10.3% | +7.5% | +0.8% | -3.9% | 0.0% | -2.9% |
| Return on net worth | +3.9% | +4.6% | +6.7% | +0.3% | -4.2% | 0.0% | -3.5% |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -4.05 | 3.74 | -36.36 | -4.84 | -5.81 | 6.74 | -8.11 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.18 | 0.34 | 0.17 | 0.14 | 0.83 | 0.32 | 0.51 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 18.33 | 23.56 | 12.08 | 17.73 | 101.60 | 30.42 | 37.68 |
| EPS (₹) | 0.36 | 0.62 | 1.19 | 0.05 | 4.32 | (4.20) | (0.38) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 19.45 | 19.15 | 18.53 | 17.34 | 17.35 | 13.03 | 17.29 |
To see the full year-wise statements and ratios of Icds Limited, buy the company report.
Board of directors of Icds Limited
Icds has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sujir Prabhakar Also directs: Manipal Technologies Limited, Manipal Media Network Limited | Managing Director | 05 Dec 2018 | 7 Years 10 Months | Current |
| Sachin Tonse Pai | Director | 05 Dec 2018 | 7 Years 10 Months | Current |
| Kalsank Umesh Kini Also directs: Manipal Thomas Greg Press Private Limited, Primacy Industries Private Limited, Mangalore Scents Private Limited and 5 more | Director | 24 Feb 2023 | 3 Years 8 Months | Current |
| Jayaram Vittal Prabhu Also directs: Manipal Properties Limited | Director | 26 Sep 2024 | 2 Years 1 Months | Current |
| Roopashree Roopashree | Director | 04 Dec 2023 | 2 Years 10 Months | Current |
| Katapady Bhujangesha Kamath Also directs: Techshresta Solutions Private Limited | Director | 04 Dec 2023 | 2 Years 10 Months | Current |
Auditor
Icds Limited is audited by CHATURVEDI & SHAH LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHATURVEDI & SHAH LLP | FY 2023 | 101720W/W100355 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 51.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 4.90% and retail and other public shareholders hold 43.70%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 51.40% | 51.40% | 51.40% | 51.40% |
| Public | 48.60% | 48.60% | 48.60% | 48.60% |
Deals & funding
Icds Limited has 4 deals on record (4 market trades); the latest was in September 2025.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Market trade | ₹70.5 Lakh | Buyer: Irage Broking Services LLP , Orion Stocks Limited Seller: Orion Stocks Limited , Irage Broking Services LLP |
| Sep 2025 | Market trade | ₹62.2 Lakh | Buyer: Orion Stocks Limited , Irage Broking Services LLP Seller: Irage Broking Services LLP , Orion Stocks Limited |
| Mar 2025 | Market trade | ₹75.6 Lakh | Buyer: Kanara Consumer Products Limited Seller: Manipal High School Trust |
| Oct 2021 | Market trade | ₹56.4 Lakh | Buyer: Alpha Leon Enterprises LLP Seller: Alpha Leon Enterprises LLP |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Icds Limited has 2,283 court cases on record: 1,878 filed by Icds, 406 filed against it. 15 cases are pending and 2,268 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,759 | 165 | 3 |
| High courts | 506 | 232 | 11 |
| Supreme Court | 18 | 9 | 1 |
Cases on record (5 of 2,283)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Vadilal Industries Limited and 1 other | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed by the company against M/S Kurlon Limited and 2 others | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by M/S. Maharashtra Apex Corporation Ltd | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by M/S Saketh India Ltd. . | Disposed |
| Supreme Court | Appeal | Filed against the company by an individual | Pending |
To see the full case history of Icds Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Icds Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Icds has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Manipal Properties Limited | U45201TN1999PLC043271 |
To see the full group structure of Icds Limited, buy the company report.
Employees & EPFO
Icds Limited has a workforce of 12 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
GST
Icds has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACI4355H1ZI | Karnataka | Active | 01 Jul 2017 |
| 33AAACI4355H1ZT | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Icds Limited, buy the company report.
Recent activity
Icds Limited has 28 board changes on record since 1973: 17 appointments and 11 cessations. The latest: Shrikanth Prabhu ceased to be Director on 01 Aug 2025.
19 earlier events are in the company report.
Frequently asked questions
Icds is an active public limited company based in Karnataka, India. The company works in nbfc, within the financial services industry. It was incorporated on 21 October 1971 (55+ years old) and is registered under CIN L65993KA1971PLC002106. Listed on BSE: 511194 and NSE: ICDSLTD.
Icds reported revenue of ₹2.39 Cr for FY 2025-26 (down 38.7% YoY) based on consolidated financials.
Icds has 6 current directors:
- Sujir Prabhakar - Managing Director
- Sachin Tonse Pai - Director
- Kalsank Umesh Kini - Director
- Jayaram Vittal Prabhu - Director
- Roopashree Roopashree - Director
- Katapady Bhujangesha Kamath - Director
The latest financial statements of Icds on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Icds is 29AAACI4355H1ZI, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAACI4355H1ZT (Tamil Nadu).
The CIN (Corporate Identification Number) of Icds is L65993KA1971PLC002106. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Icds is a listed company as per MCA records. Its shares are listed on both BSE (code: 511194) and NSE (symbol: ICDSLTD).
Icds has 2,283 court cases on record: 1,878 filed by the company and 406 filed against it. 15 are pending. Most are in the district courts.
Icds was incorporated on 21 October 1971, making it 55+ years old. It is registered with the Registrar of Companies, Bangalore.
Icds has 4 deals on record (4 market trades); the latest was in September 2025.