India Capital Growth Fund (CHIX:IGCL) EV-to-OCF: -194.13 (As of Aug. 14, 2026)

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CHIX:IGCL India Capital Growth Fund Ltd CHIX:IGCL
23 GF Score
Price £1.76
! 1 Warning Sign
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What is India Capital Growth Fund EV-to-OCF?

India Capital Growth Fund CHIX:IGCL +0.28% 23 EV-to-OCF is -194.13 as of Aug. 14, 2026. GuruFocus rates CHIX:IGCL with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 1,500 Asset Management companies, India Capital Growth Fund ranks better than 96.07% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, India Capital Growth Fund's Enterprise Value is £113.76 Mil. India Capital Growth Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was £-0.59 Mil. Therefore, India Capital Growth Fund's EV-to-OCF for today is -194.13.

The historical rank and industry rank for India Capital Growth Fund's EV-to-OCF or its related term are showing as below:

CHIX:IGCL' s EV-to-OCF Range Over the Past 10 Years
Min: -332.98   Med: -200.57   Max: -56.24
Current: -191.91

During the past 13 years, the highest EV-to-OCF of India Capital Growth Fund was -56.24. The lowest was -332.98. And the median was -200.57.

CHIX:IGCL's EV-to-OCF is ranked better than
96.07% of 1500 companies
in the Asset Management industry
Industry Median: 5.9 vs CHIX:IGCL: -191.91

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-08-14), India Capital Growth Fund's stock price is £1.76. India Capital Growth Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was £-0.232. Therefore, India Capital Growth Fund's PE Ratio (TTM) for today is At Loss.


India Capital Growth Fund  (CHIX:IGCL) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

India Capital Growth Fund's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=1.76/-0.232
=At Loss

India Capital Growth Fund's share price for today is £1.76.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. India Capital Growth Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was £-0.232.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


India Capital Growth Fund EV-to-OCF Related Terms


India Capital Growth Fund EV-to-OCF Historical Data

* Premium members only.

The historical data trend for India Capital Growth Fund's EV-to-OCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

India Capital Growth Fund EV-to-OCF Chart

India Capital Growth Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -292.06 -209.58 -262.41 -72.92 -193.39

India Capital Growth Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-OCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -262.41 0.00 -72.92 0.00 -193.39

CHIX:IGCL vs BLK, BX, KKR: EV-to-OCF Comparison

For the Asset Management subindustry, India Capital Growth Fund's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


India Capital Growth Fund EV-to-OCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, India Capital Growth Fund's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where India Capital Growth Fund's EV-to-OCF falls into.


CHIX:IGCL
23GF Score
India Capital Growth Fund Ltd CHIX:IGCL
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
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India Capital Growth Fund EV-to-OCF Calculation

India Capital Growth Fund's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=113.758/-0.586
=-194.13

India Capital Growth Fund's current Enterprise Value is £113.76 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. India Capital Growth Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was £-0.59 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of -194.13 mean?
India Capital Growth Fund (CHIX:IGCL) has a EV-to-OCF of -194.13 as of Aug. 14, 2026. According to the industry distribution chart, India Capital Growth Fund ranks #59 out of 1500 companies in the Asset Management industry, placing it in the top 3.9%.
Is India Capital Growth Fund's EV-to-OCF too high?
India Capital Growth Fund's current EV-to-OCF is -194.13. Based on the distribution chart, India Capital Growth Fund ranks #59 out of 1500 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, India Capital Growth Fund has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does India Capital Growth Fund's EV-to-OCF compare to BLK and BX?
According to the Asset Management industry distribution chart, India Capital Growth Fund ranks #59 out of 1500 companies for EV-to-OCF. This places India Capital Growth Fund in the top 4% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 5.90. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.90, based on 1,500 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median EV-to-OCF is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. India Capital Growth Fund's current EV-to-OCF is -194.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is India Capital Growth Fund stock overvalued right now?
India Capital Growth Fund (CHIX:IGCL) has a current EV-to-OCF of -194.13. The current EV-to-OCF is -194.13. India Capital Growth Fund's overall GF Score™ is 23/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For India Capital Growth Fund (CHIX:IGCL), the current EV-to-OCF is -194.13 as of Aug. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

India Capital Growth Fund Business Description

Other Exchanges IGC:UK
Address Royal Avenue, 1 Royal Plaza, St Peter Port, GGY, GY1 2HL
India Capital Growth Fund Ltd is a closed-ended investment company. The company's investment objective is to provide long-term capital appreciation by investing in companies based in India. Its investment policy permits the company to make investments in a range of Indian equity and equity-linked securities, and predominantly in listed mid and small-cap Indian companies, with a smaller proportion in unlisted Indian companies. Investment may also be made in large-cap listed Indian companies and in companies incorporated outside India that have key operations or markets in India. The company's activities are focused on two areas, namely Mauritius and India.
23GF Score

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EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£1.76
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