The India Fund, Inc. is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited.
Share Price & News
How has India Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IFN has not had significant price volatility in the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: IFN underperformed the US Capital Markets industry which returned 8.9% over the past year.
Return vs Market: IFN underperformed the US Market which returned 10.2% over the past year.
Price Volatility Vs. Market
How volatile is India Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is India Fund undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate IFN's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate IFN's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: IFN is poor value based on its PE Ratio (63.8x) compared to the Capital Markets industry average (31.8x).
PE vs Market: IFN is poor value based on its PE Ratio (63.8x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IFN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IFN is good value based on its PB Ratio (0.8x) compared to the US Capital Markets industry average (6.6x).
How is India Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as India Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has India Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IFN has a large one-off gain of $9.3M impacting its June 30 2019 financial results.
Growing Profit Margin: IFN's current net profit margins (99.7%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: IFN's earnings have declined by -30.6% per year over the past 5 years.
Accelerating Growth: IFN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IFN had negative earnings growth (-84.8%) over the past year, making it difficult to compare to the Capital Markets industry average (8.4%).
Return on Equity
High ROE: IFN's Return on Equity (1.3%) is considered low.
Return on Assets
Return on Capital Employed
How is India Fund's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: IFN has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if IFN's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: IFN's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if IFN has a sufficient allowance for bad loans.
Low Risk Liabilities: IFN reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if IFN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: IFN has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if IFN has an appropriate level of bad loans.
What is India Fund's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: IFN's dividend (11.58%) is higher than the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: IFN's dividend (11.58%) is in the top 25% of dividend payers in the US market (3.96%)
Stability and Growth of Payments
Stable Dividend: IFN's dividend payments have been volatile in the past 10 years.
Growing Dividend: IFN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (813.7%), IFN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
India Fund has no CEO, or we have no data on them.
|Interested Director||8.1yrs||no data||no data|
|Interested Director||8.1yrs||no data||no data|
|Independent Director||26.1yrs||US$59.00k||no data|
|Independent Director||21.1yrs||US$59.00k||no data|
|Independent Director||17.1yrs||US$59.00k||no data|
|Independent Director||18.1yrs||US$59.00k||no data|
|Independent Director||16.1yrs||US$59.00k||no data|
Experienced Board: IFN's board of directors are seasoned and experienced ( 17.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The India Fund, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: The India Fund, Inc.
- Ticker: IFN
- Exchange: NYSE
- Founded: 1993
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$529.751m
- Shares outstanding: 26.90m
- Website: https://www.aberdeenifn.com/aam.nsf/usClosedIfn/home
- The India Fund, Inc.
- 21 Church Street
- Suite 01-01 Capital Square Two
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IFN||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Feb 1994|
The India Fund, Inc. is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio. It benchmarks the performance of its portfolio against the IFC Investable India Index. The India Fund, Inc. was formed on December 27, 1993 and is domiciled in the Singapore.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 01:02|
|End of Day Share Price||2020/02/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.