India Capital Growth FundLSE:IGC +1.18%51 Net Margin % is 108.81% as of Dec. 2025, which is 12% above its 10-year median of 97.46. GuruFocus rates LSE:IGC with a GF Score™ of 51/100 and a GF Value™ of £1.21 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,580 Asset Management companies, India Capital Growth Fund ranks better than 85.38% on this metric.
The historical rank and industry rank for India Capital Growth Fund's Net Margin % or its related term are showing as below:
LSE:IGC'
s Net Margin % Range Over the Past 10 Years
Min: 82.89 Med: 97.46 Max: 104.53
Current: 101.29
LSE:IGC's Net Margin % is ranked better than 85.38% of 1580
companies
in the Asset Management industry
Industry Median: 84.895
vs LSE:IGC: 101.29
India Capital Growth Fund (LSE:IGC) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
India Capital Growth Fund Net Margin % Related Terms
India Capital Growth Fund Net Margin % Historical Data
* 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.
For the Asset Management subindustry, India Capital Growth Fund's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, India Capital Growth Fund's Net Margin % distribution charts can be found below:
* The bar in red indicates where India Capital Growth Fund's Net Margin % falls into.
* 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 (LSE:IGC) has a Net Margin % of 108.81% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on India Capital Growth Fund and its competitors. This is 12% above median its historical median of 97.46. Over the past decade, India Capital Growth Fund's Net Margin % has ranged from 82.89 to 104.53. According to the industry distribution chart, India Capital Growth Fund ranks #231 out of 1580 companies in the Asset Management industry, placing it in the top 14.6%.
Is India Capital Growth Fund's Net Margin % too high?
India Capital Growth Fund's current Net Margin % of 108.81% is 12% above median its 10-year median of 97.46. Over the past 10 years, this metric has ranged from a low of 82.89 to a high of 104.53. The Asset Management industry median Net Margin % is 84.90. India Capital Growth Fund's value of 108.81% is 28.2% above this industry median. Based on the distribution chart, India Capital Growth Fund ranks #231 out of 1580 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 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does India Capital Growth Fund's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, India Capital Growth Fund ranks #231 out of 1580 companies for Net Margin %. This places India Capital Growth Fund in the top 15% of its industry — outperforming the majority of peers. The industry median Net Margin % is 84.90. India Capital Growth Fund's value of 108.81% is 28.2% above this benchmark. Historically, India Capital Growth Fund's own Net Margin % has ranged from 82.89 to 104.53 over the past decade. While the company's 10-year median is 97.46 vs. the industry median of 84.90, India Capital Growth Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 84.90, based on 1,580 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. India Capital Growth Fund's current Net Margin % of 108.81% is 28.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on India Capital Growth Fund and its competitors. For the Asset Management industry, the median Net Margin % is 84.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. India Capital Growth Fund's current Net Margin % is 108.81%, which is 12% above median its own 10-year median of 97.46. 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?
Based on GuruFocus' analysis, India Capital Growth Fund (LSE:IGC) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.21, compared to a current price of £1.72 — trading 42.1% above its estimated fair value. The current Net Margin % is 108.81%, which is 12% above median its 10-year median of 97.46 and 28.2% above the Asset Management industry median of 84.90. India Capital Growth Fund's overall GF Score™ is 51/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For India Capital Growth Fund (LSE:IGC), the current Net Margin % is 108.81% as of Dec. 2025. 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.
Is India Capital Growth Fund (LSE:IGC) Overvalued in 2026?
Based on GuruFocus' analysis, India Capital Growth Fund stock appears to be overvalued.
The current stock price of £1.72 is trading 42.1% above its estimated GF Value™ of £1.21.
GuruFocus considers India Capital Growth Fund to be Significantly Overvalued.
Key valuation signals for LSE:IGC:
Net Margin %: 108.81% (12% above median its 10-year median of 97.46)
GF Value™: £1.21 vs. price of £1.72 (42.1% above fair value)
Industry Position: 28.2% above the Asset Management median (#231 of 1580)
No single metric tells the full story. See the LSE:IGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
51GF Score
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