India Capital Growth Fund Limited (IGC) Fair Value & Analysis
Financial Services · GB · Market cap 104M GBX
Fair value as of: Jun 26, 2026
From 1 valuation models · updated 3 days ago
Fair value updated Jun 26, 2026 — revised from £2.68 to £1.28 (−52.2%) since Jun 24, 2026. Share price +9.0% over the past month.
Price vs Fair Value (12 months)
12‑month range £1.40 – £1.89 · fair‑value band £0.9600 – £1.91 · the £1.72 price screens above the £1.28 fair value. As of Jun 26, 2026.
✦ Which stocks are undervalued right now? Check free Discover now →Analysis
India Capital Growth Fund Limited (IGC) currently trades at £1.72, while our model-based Fair Value estimate is £1.28 — implying the stock looks roughly 25.6% overvalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).
Revenue declined 61.2% year over year. It earns a return on equity of -12.9%. The balance sheet holds a net cash position of £1.1M. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
India Capital Growth Fund Limited is a close-ended equity mutual fund launched and managed by Ocean Dial Asset Management Limited. The fund invests in the public equity markets of India. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of mid and small cap companies. It employs fundamental analysis with a bottom-up stock selection approach and top-down thematic overlay, focusing on such factors as structural liquidity, cyclical liquidity, earnings momentum, strong management, sound financials, and competitive advantage to create its portfolio. The fund benchmarks the performance of its portfolio against the BSE Mid-Cap Index. It conducts in-house research to make its investments. India Capital Growth Fund Limited was formed on November 11, 2005 and is domiciled in Guernsey, Channel Islands.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
India Capital Growth Fund Limited reported revenue of £27.8M in FY2025 versus £42.4M in FY2021, a compound −10.0%/yr. Reported net income was −£19.7M in FY2025.
Open the full interactive analysis →
Similar stocks
6 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Fondul Proprietatea SA FP | $4.20 | $6.41 | +53% |
| The Schiehallion Fund Limited MNTN | $2.27 | $4.54 | +100% |
| BlackRock, Inc BLK | 17,417 MXN | 11,340 MXN | -35% |
| BH Macro Limited BHMU | $0.0442 | $0.0900 | +104% |
| Blackstone Inc BX | $123.26 | $52.88 | -57% |
| Investor AB IVSBF | $40.08 | $80.15 | +100% |
Explore undervalued stocks
More undervalued Financial Services stocks →
Frequently asked questions
Is India Capital Growth Fund Limited (IGC) undervalued?
What is the fair value of IGC?
What is the quality score of IGC?
What is the net profit margin of IGC?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.