New Risk • May 24
New major risk - Revenue and earnings growth Earnings have declined by 42% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹119m free cash flow). Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹83.3m market cap, or US$870.9k). Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). Ankündigung • May 11
IGC Industries Limited to Report Q4, 2026 Results on May 21, 2026 IGC Industries Limited announced that they will report Q4, 2026 results on May 21, 2026 Ankündigung • Feb 05
IGC Industries Limited to Report Q3, 2026 Results on Feb 12, 2026 IGC Industries Limited announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Feb 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹20m revenue, or US$219k). Market cap is less than US$10m (₹91.7m market cap, or US$1.01m). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Ankündigung • Nov 05
IGC Industries Limited to Report Q2, 2026 Results on Nov 12, 2025 IGC Industries Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Ankündigung • Sep 08
IGC Industries Limited, Annual General Meeting, Sep 30, 2025 IGC Industries Limited, Annual General Meeting, Sep 30, 2025, at 15:00 Indian Standard Time. Ankündigung • Aug 09
IGC Industries Limited to Report Q1, 2026 Results on Aug 14, 2025 IGC Industries Limited announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • Aug 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (over 14x increase in shares outstanding). Revenue is less than US$1m (₹20m revenue, or US$226k). Market cap is less than US$10m (₹121.5m market cap, or US$1.39m). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Ankündigung • May 18
IGC Industries Limited to Report Q4, 2025 Results on May 30, 2025 IGC Industries Limited announced that they will report Q4, 2025 results on May 30, 2025 Ankündigung • Feb 21
IGC Industries Limited Approves Appointment of Ziauddin Mohammad as Additional Executive Director IGC Industries Limited announced at the board meeting held on February 21, 2025, approved Appointment of Mr. Ziauddin Mohammad (DIN: 07523934) as a Additional Executive Director of the Company. Reason for change viz. appointment: In order to strengthen the Board, develop and oversee the Business long term strategy. Appointment is with immediate effect from 21st February, 2025 and he shall hold office up to the date of the next Shareholder Meeting of the Company. Mr. Ziauddin Mohammad is a professional with over 35 years of extensive experience in the plastics industry and plastics-related products. He holds an MBA from Osmania University, equipping him with a strong academic foundation in business management, strategic planning, and organizational leadership. Mr. Ziauddin has demonstrated deep expertise in the manufacturing, processing, and trade of plastics and related commodities, playing a pivotal role in driving business expansion and operational excellence. His vast industry knowledge, coupled with an astute understanding of market dynamics, has enabled him to spearhead growth initiatives, optimize supply chain efficiencies, and establish strong industry networks. Beyond the plastics sector, Mr. Ziauddin has also garnered significant experience in the commodities and trading industry, where his strategic insights and leadership acumen have contributed to the success of numerous ventures. His ability to navigate complex market conditions and implement sustainable business strategies has been instrumental in fostering long-term value creation. Ankündigung • Feb 09
IGC Industries Limited to Report Q3, 2025 Results on Feb 14, 2025 IGC Industries Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Ankündigung • Dec 04
IGC Industries Limited Announces Resignation of Arpit Jain as Company Secretary and Compliance Officer IGC Industries Limited announced that Mr. Arpit Jain, Company Secretary and Compliance Officer, has tendered his resignation with effect from November 30, 2024. The Board of Directors will consider and accept his resignation in the upcoming board meeting. The Company will initiate the process of appointing a new Company Secretary and Compliance Officer, and the same will be intimated in due course. New Risk • Nov 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 14x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹47m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (over 14x increase in shares outstanding). Revenue is less than US$1m (₹20m revenue, or US$235k). Minor Risk Market cap is less than US$100m (₹852.0m market cap, or US$10.1m). Ankündigung • Sep 06
IGC Industries Limited, Annual General Meeting, Sep 30, 2024 IGC Industries Limited, Annual General Meeting, Sep 30, 2024. New Risk • Aug 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹52m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (₹73.6m market cap, or US$876.5k). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Significant insider selling over the past 3 months (₹8.6m sold). Recent Insider Transactions • Jul 30
Insider recently sold ₹8.6m worth of stock On the 25th of July, Disha Mehta sold around 222k shares on-market at roughly ₹38.58 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Ankündigung • Jul 12
IGC Industries Limited to Report Q1, 2025 Results on Jul 16, 2024 IGC Industries Limited announced that they will report Q1, 2025 results on Jul 16, 2024 Ankündigung • Apr 14
IGC Industries Limited to Report Q4, 2024 Results on Apr 22, 2024 IGC Industries Limited announced that they will report Q4, 2024 results on Apr 22, 2024 Ankündigung • Mar 07
IGC Industries Limited Announces Independent Director Resignations IGC Industries Limited at its board meeting held on March 7, 2024, approved the resignations of Mr. Vinod Kacharu Mokal and Mr. Vishal Jagannath Sonawane as Independent Directors of the company, effective from close of business hours on, March 7, 2024. Reason for resignations: Due to health issues, inability to travel, and other personal reasons. Ankündigung • Feb 14
IGC Industries Limited Approves Appointment of Arpit Jain as the Company Secretary and Compliance Officer, Effective 1 March 2024 IGC Industries Limited announced that at its board meeting held on 14 February 2024, approved the appointment of Mr. Arpit Jain as the company secretary and compliance officer of the company and key managerial personnel with effect from 1 March 2024. Mr. Arpit Jain is an Associate Member of the Institute of Company Secretaries of India and also holds Bachelor's Degree in Commerce. He is having an overall experience of 2 years in the field of Secretarial & Legal. Ankündigung • Feb 07
IGC Industries Limited to Report Q3, 2024 Results on Feb 14, 2024 IGC Industries Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Ankündigung • Jan 23
IGC Industries Limited, Annual General Meeting, Feb 15, 2024 IGC Industries Limited, Annual General Meeting, Feb 15, 2024, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2023, including the Audited Balance Sheet as at March 31, 2023, the Statement of Profit and Loss & Cash Flow Statement for the Year ended on that date together with the Reports of the Board of Directors and Auditors thereon; to appoint a director in place of Prachi Marwah who retires by rotation and, being eligible, offers herself for re-appointment; and to consider other issues. Ankündigung • Nov 11
IGC Industries Limited to Report Q2, 2024 Results on Nov 11, 2023 IGC Industries Limited announced that they will report Q2, 2024 results on Nov 11, 2023 Ankündigung • Aug 13
IGC Industries Limited to Report Q1, 2024 Results on Aug 14, 2023 IGC Industries Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Ankündigung • Jan 26
IGC Industries Limited to Report Q3, 2023 Results on Feb 10, 2023 IGC Industries Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Ankündigung • Oct 19
IGC Industries Limited to Report Q2, 2023 Results on Nov 08, 2022 IGC Industries Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Nov 08, 2022 Ankündigung • Sep 09
IGC Industries Limited, Annual General Meeting, Sep 29, 2022 IGC Industries Limited, Annual General Meeting, Sep 29, 2022, at 12:30 Indian Standard Time. Location: Imax Lohia Square, Office No. 4B, 4th Floor, Premises No. 23, Gangadhar Babu Lane Kolkata West Bengal India Agenda: To receive, consider and adopt the audited accounts of the Company for the year ended on 31 March, 2022 along with the reports of the Directors and Auditors thereon; to appoint a Director in place of Ms. Prachi Marwah (DIN: 08480611), who retires by rotation and, being eligible,offers herself for re-appointment; and to consider other matters. Board Change • Jul 31
High number of new directors Non-Executive Independent Director Vishal Sonawane was the last director to join the board, commencing their role in 2021. Ankündigung • May 31
IGC Industries Limited Announces Resignation of Rashmi Purohit as Company Secretary IGC Industries Limited announced that personal reasons Ms. Rashmi Purohit, has tendered her resignation from the post of Company Secretary and Compliance Officer of the Company from the closing of working hours of 28/05/2022. The Company has accepted his resignation and relieved him from responsibilities with effect from closure of working hours of 28/05/2022. Ankündigung • May 24
IGC Industries Limited to Report Q4, 2022 Results on May 28, 2022 IGC Industries Limited announced that they will report Q4, 2022 results on May 28, 2022 Board Change • May 13
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CFO, Chairman & MD Prachi Marwah is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 28
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CFO, Chairman & MD Prachi Marwah is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.23 loss per share (up from ₹0.90 loss in 3Q 2021). Net loss: ₹518.0k (loss narrowed 74% from 3Q 2021). Revenue was in line with analyst estimates. Board Change • Dec 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CFO, Chairman & MD Prachi Marwah is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 29
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CFO, Chairman & MD Prachi Marwah is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 28
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CFO, Chairman & MD Prachi Marwah is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 06
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. CFO, Chairman & MD Prachi Marwah is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Executive Departure • Mar 26
Additional Independent Non Executive Director has left the company On the 22nd of March, Chhattar Goushal's tenure as Additional Independent Non Executive Director ended after 1.2 years in the role. We don't have any record of a personal shareholding under Chhattar's name. Chhattar is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 08
New 90-day low: ₹41.20 The company is down 14% from its price of ₹47.70 on 10 November 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 20% over the same period. Ankündigung • Feb 03
IGC Industries Limited to Report Q3, 2021 Results on Feb 10, 2021 IGC Industries Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Ankündigung • Sep 11
IGC Industries Limited to Report Q1, 2021 Results on Sep 15, 2020 IGC Industries Limited announced that they will report Q1, 2021 results on Sep 15, 2020 
