NYSE:IFN

Stock Analysis Report

Executive Summary

The India Fund, Inc. is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited.


Snowflake Analysis

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.


Market Performance


7 Day Return

-6.0%

IFN

-8.6%

US Capital Markets

-10.6%

US Market


1 Year Return

-6.9%

IFN

4.9%

US Capital Markets

5.2%

US Market

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.


Shareholder returns

IFNIndustryMarket
7 Day-6.0%-8.6%-10.6%
30 Day-7.9%-7.9%-8.5%
90 Day-7.4%-4.4%-4.6%
1 Year4.2%-6.9%7.1%4.9%7.4%5.2%
3 Year24.6%-18.8%25.5%18.4%31.7%23.2%
5 Year15.5%-35.7%65.9%50.7%56.4%39.3%

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

Valuation

Is India Fund undervalued compared to its fair value and its price relative to the market?

61.69x

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).

Future Growth

How is India Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.9%

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.

Past Performance

How has India Fund performed over the past 5 years?

-30.6%

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

Financial Health

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


Balance Sheet

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.

Dividend

What is India Fund's current dividend yield, its reliability and sustainability?

11.98%

Current Dividend Yield


Dividend Yield vs Market

company12.0%marketbottom25%1.6%markettop25%4.1%industryaverage2.1%forecastin3Yearsn/a

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.

Management

How experienced are the management team and are they aligned to shareholders interests?

17.1yrs

Average board tenure


CEO

India Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Martin Gilbert
Interested Director8.1yrsno datano data
Hugh Young
Interested Director8.1yrsno datano data
Jeswald Salacuse
Chairman0yrsUS$76.50kno data
Leslie Gelb
Independent Director26.1yrsUS$59.00kno data
Luis Rubio
Independent Director21.1yrsUS$59.00kno data
Lawrence Becker
Independent Director17.1yrsUS$59.00kno data
J. Hardy
Independent Director18.1yrsUS$59.00kno data
Stephane R. Henry
Independent Director16.1yrsUS$59.00kno data

17.1yrs

Average Tenure

64yo

Average Age

Experienced Board: IFN's board of directors are seasoned and experienced ( 17.1 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The India Fund, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information


Location

  • The India Fund, Inc.
  • 21 Church Street
  • Suite 01-01 Capital Square Two
  • Singapore
  • 49480
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IFNNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 1994

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 01:02
End of Day Share Price2020/02/27 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.