BLUEWATER vs INDIQUBE: Stock Comparison

BLUEWATER vs INDIQUBE SPACESUpdated 22 Sept 26, 4:08 PM ISTNSE & company filings

INDIQUBE SPACES is the larger company by market capitalisation. BLUEWATER shows a higher ROE and a higher net margin, while INDIQUBE SPACES shows faster revenue growth, lower leverage and a higher ROCE. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.

Metric snapshot

BLUEWATER leads 4; INDIQUBE leads 6 of 13

Not a rating

Interactive comparison

Compare the numbers that shape the decision

Every row uses its own scale. Switch lenses to compare like with like.

BLUEWATERINDIQUBE

Valuation lens

What price are you paying?

Market CapContext only
₹530 Cr
₹4,028 Cr
P/E RatioSame reading
0x
0x
P/B RatioBLUEWATER has the lower reading
0x
7.83x
EPSBLUEWATER has the higher reading
₹12.7
₹-1.13
Book ValueContext only
₹73.72
₹24.28
Dividend YieldSame reading
0%
0%

✓ marks the usual favourable reading; it is not a recommendation.

Key Differences

Market Cap
INDIQUBE is the larger company
₹4,028 Cr vs ₹530 Cr
P/B Ratio
BLUEWATER has a lower P/B
0x vs 7.83x
EPS
BLUEWATER has higher earnings per share
₹12.7 vs ₹-1.13
Revenue Growth (TTM YoY)
INDIQUBE has faster revenue growth
35.2% vs 0%
Qtr Sales Growth
INDIQUBE has stronger quarterly sales growth
5.29% vs -45.28%
Qtr Profit Growth
INDIQUBE has stronger quarterly profit growth
-5.43% vs -44.57%
ROE
BLUEWATER has a higher ROE
31.08% vs -20.66%
ROCE
INDIQUBE has a higher ROCE
42.68% vs 16.59%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricBLUEWATERINDIQUBE
SectorServices
IndustryDiversified Commercial Services

Price

MetricBLUEWATERINDIQUBE
Live Price₹187.96
Day Change-0.2%
Volume67,403
52-Week High₹243.8
52-Week Low₹131.15
Distance from 52W High-22.9%

Valuation

MetricBLUEWATERINDIQUBE
Market Cap₹530 Cr₹4,028 Cr
P/E Ratio0x0x
P/B Ratio0x7.83x
EPS₹12.7₹-1.13
Book Value₹73.72₹24.28
Dividend Yield0%0%

Growth

MetricBLUEWATERINDIQUBE
Revenue Growth (TTM YoY)0%35.2%
EPS Growth (TTM YoY)0%0%
Qtr Sales Growth-45.28%5.29%
Qtr Profit Growth-44.57%-5.43%

Profitability & Leverage

MetricBLUEWATERINDIQUBE
ROE31.08%-20.66%
ROCE16.59%42.68%
Net Margin0%-7.02%
Operating Margin9.98%21.55%
Debt to Equity1.33x0.56x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricBLUEWATERINDIQUBE
Promoter Holding69.55%60.11% 0.01 pp
FII Holding0%2.16% 0.02 pp
DII Holding5.18% 1.99 pp14.35% 0.35 pp
Public Holding25.27% 1.99 pp23.38% 0.35 pp

How to Read This Comparison

Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.

Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: BLUEWATER and INDIQUBE SPACES.

Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.