India Capital Growth Fund (CHIX:IGCL) Scaled Net Operating Assets: 0.76 (As of Dec. 2025)


CHIX:IGCL India Capital Growth Fund Ltd CHIX:IGCL
38 GF Score
Price £1.69
GF Value £1.21
Valuation Significantly Overvalued
! 2 Warning Signs
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What is India Capital Growth Fund Scaled Net Operating Assets?

India Capital Growth Fund CHIX:IGCL -1.46% 38 Scaled Net Operating Assets is 0.76 as of Dec. 2025. GuruFocus rates CHIX:IGCL with a GF Score™ of 38/100 and a GF Value™ of £1.21 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

India Capital Growth Fund's operating assets for the quarter that ended in Dec. 2025 was £127.10 Mil. India Capital Growth Fund's operating liabilities for the quarter that ended in Dec. 2025 was £2.13 Mil. India Capital Growth Fund's Total Assets for the quarter that ended in Jun. 2025 was £164.40 Mil. Therefore, India Capital Growth Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.76.

CHIX:IGCL
38GF Score
India Capital Growth Fund Ltd CHIX:IGCL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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India Capital Growth Fund Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

India Capital Growth Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(127.096-2.128)/182.144
=0.69

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=128.216 - 1.12
=127.096

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.128 - 0 - 0
=2.128

India Capital Growth Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(127.096-2.128)/164.4
=0.76

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=128.216 - 1.12
=127.096

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.128 - 0 - 0
=2.128

* 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.

What does a Scaled Net Operating Assets of 0.76 mean?
India Capital Growth Fund (CHIX:IGCL) has a Scaled Net Operating Assets of 0.76 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on India Capital Growth Fund and its competitors.
Is India Capital Growth Fund's Scaled Net Operating Assets too high?
India Capital Growth Fund's current Scaled Net Operating Assets is 0.76. Overall, India Capital Growth Fund has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does India Capital Growth Fund's Scaled Net Operating Assets compare to BLK and BX?
India Capital Growth Fund's Scaled Net Operating Assets of 0.76 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on India Capital Growth Fund and its competitors. India Capital Growth Fund's current Scaled Net Operating Assets is 0.76. 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 (CHIX:IGCL) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.21, compared to a current price of £1.69 — trading 39.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.76. India Capital Growth Fund's overall GF Score™ is 38/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For India Capital Growth Fund (CHIX:IGCL), the current Scaled Net Operating Assets is 0.76 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 (CHIX:IGCL) Overvalued in 2026?

Based on GuruFocus' analysis, India Capital Growth Fund stock appears to be overvalued. The current stock price of £1.69 is trading 39.7% above its estimated GF Value™ of £1.21. GuruFocus considers India Capital Growth Fund to be Significantly Overvalued.

Key valuation signals for CHIX:IGCL:

  • Scaled Net Operating Assets: 0.76
  • GF Value™: £1.21 vs. price of £1.69 (39.7% above fair value)
  • GF Score™: 38/100 with 2 warning signs

No single metric tells the full story. See the CHIX:IGCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

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.
38GF Score

Get the complete analysis for CHIX:IGCL

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£1.69
Price
£1.21
GF Value