MarketFriction

IGC Industries Ltd

BSE 539449 · Trading & Distributors
₹1.84 -5.15%
BSE close2026-10-01
Market cap₹6.49 Cr.

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales000020000000
Expenses0000200000315
Operating Profit-0-0-000-0-000-0-3-15
OPM %14%
Other Income000000000000
Interest000000000000
Depreciation000000000000
Profit before tax-0-0-000-0-000-0-3-15
Tax %0%0%0%0%0%-140%0%0%0%
Net Profit-0-0-000-0000-0-3-15
EPS in Rs-0.00-0.09-0.000.000.08-0.080.010.000.00-0.08-0.76-4.21
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1149100000200
Expenses11491000002318
Operating Profit-000-0-0-0-0-0-0-0-3-18
OPM %-20%1.8%0.7%-43%-1,100%-1,067%-850%-3.0%
Other Income0000-1000-0000
Interest000000000000
Depreciation000000000000
Profit before tax-0000-1-0-0-0-0-0-3-18
Tax %0%0%33%200%0%0%0%0%0%0%0%
Net Profit-0000-1-0-0-0-0-0-3-18
EPS in Rs-0.050.000.000.00-0.34-0.09-0.10-0.05-0.11-0.02-0.84-5.05
Dividend Payout %0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%%%-100%
Compounded Profit Growth%%%-87850%
Stock Price CAGR%-35%-47%-38%
Return on Equity-6%-6%-6%-9%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.242222222223535
Reserves31111-0-1-1-1-28-13
Borrowings0011838381014141410100
Other Liabilities00048910000020
Total Liabilities33121895022161515105521
Fixed Assets000220000000
CWIP000005555000
Investments0000000000208
Other Assets33121874817101010103414
Total Assets33121895022161515105521
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0-3-117820331000-5-22-12
Cash from Investing Activity00-0-2-0-50-005-2012
Cash from Financing Activity03118-80-0-28-10000420
Net Cash Flow000-0-00-000000
Free Cash Flow0-3-1178002810000-22-12
CFO/OP1,931%-587,050%22,694%-117%-14,814%-3,050%-59%0%3,453%36,383%406%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days336272142240000365
Inventory Days000441819,7105,11010,2201200
Days Payable3613957301,642182374
Cash Conversion Cycle33627214-1342318,9803,46810,038111
Working Capital Days3,0351,1139289888-60,408-45,503-37,4124,087
ROCE %0%-5%0%0%0%-1%-2%-2%-1%-1%-0%-8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters65.49%65.49%65.49%11.49%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FIIs0.00%0.00%0.00%0.00%0.00%1.44%1.44%0.00%0.00%0.00%0.00%0.00%
Public34.51%34.51%34.50%88.50%100.01%98.55%98.55%99.99%99.99%100.00%100.00%100.00%
No. of Shareholders7037168591,9272,24126,04723,05321,46822,46321,50120,72320,253

Fundamentals

Market Cap₹ 6.49 Cr.
Current Price₹ 1.87
Book Value₹ 6.18
ROCE-7.90 %
ROE-9.14 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-100%
Compounded Profit Growth (TTM)-87850%
Standalone figures.
Valuation
Market capRs 6 Cr
Enterprise valueRs 6 Cr
Price to book0.30x
Earnings yield-274.40%
P/B, 3-year average1.79x
P/B, 5-year average1.97x
Profitability
ROE-9.14%
ROCE-7.90%
ROA-7.71%
ROE, 3-year average-17.50%
ROCE, 3-year average-3.73%
ROA, 3-year average-3.65%
ROE, 5-year average-18.34%
ROCE, 5-year average-2.94%
ROA, 5-year average-2.88%
ROIC (approx.)-82.13%
Per share
EPS (TTM)Rs -5.05
EPS (latest year)Rs -0.84
EPS (latest quarter)Rs -4.21
EPS, 3-year averageRs -0.87
EPS, 5-year averageRs -0.99
Book value per shareRs 6.18
Cash flow per shareRs -3.42
Free cash flow per shareRs -3.46
Efficiency
Creditor days374 days
Cash conversion cycle111 days
Working capital days4087 days
Leverage
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Owners' fund to total sources100.00%
Cash flow
Cash from Operating Activity (latest year)Rs -12 Cr
Cash from Investing Activity (latest year)Rs 12 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -12 Cr
Statement figures
Operating profit (latest quarter)Rs -15 Cr
EBITDA (TTM)Rs -18 Cr
PBDT (TTM)Rs -18 Cr
Profit before tax (TTM)Rs -18 Cr
Net profit (TTM)Rs -18 Cr
Net profit (latest year)Rs -3 Cr
Net profit (latest quarter)Rs -15 Cr
Cost of goods sold (latest year)Rs 1 Cr
Total income (latest year)Rs 0 Cr
Share capitalRs 35 Cr
ReservesRs -13 Cr
Shareholders' fundsRs 21 Cr
Total assetsRs 21 Cr
Net blockRs 0 Cr
InvestmentsRs 8 Cr
Shares outstanding (crore)3.47
Ownership
Promoter holding0.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.30 is at the 13th percentile (median 31.30).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period539449Nifty 50Difference
1 week-7.1%-2.8% -4.3 pts
1 month-10.2%-6.8% -3.5 pts
3 months-11.5%-7.6% -3.9 pts
3 years-85.7%+14.2% -99.9 pts
5 years-88.7%+27.9% -116.6 pts

Red flags

F-score 2 of 6
explainHigh accruals Profit exceeded operating cash by 42% of total assets in 2026
lookRepeated losses Net loss in each of the last two years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹0 Cr. Net loss ₹15 Cr.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of IGC Industries Ltd?

IGC Industries Ltd (539449) has a market capitalisation of Rs 6.49 Cr. at the 2026-10-01 close.

What were IGC Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, IGC Industries Ltd sales was Rs 0 Cr with a net loss of Rs 15 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03