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India Globalization Capital Inc (IGC)

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Upturn Advisory Summary
01/06/2026: IGC (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $3.88
1 Year Target Price $3.88
| 2 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 22.58% | Avg. Invested days 65 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 26.62M USD | Price to earnings Ratio - | 1Y Target Price 3.88 |
Price to earnings Ratio - | 1Y Target Price 3.88 | ||
Volume (30-day avg) 2 | Beta 1.48 | 52 Weeks Range 0.25 - 0.50 | Updated Date 07/7/2025 |
52 Weeks Range 0.25 - 0.50 | Updated Date 07/7/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.09 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-06-30 | When - | Estimate -0.02 | Actual -0.02 |
Profitability
Profit Margin - | Operating Margin (TTM) -443.03% |
Management Effectiveness
Return on Assets (TTM) -49.91% | Return on Equity (TTM) -104.33% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 25210204 | Price to Sales(TTM) 20.94 |
Enterprise Value 25210204 | Price to Sales(TTM) 20.94 | ||
Enterprise Value to Revenue 19.83 | Enterprise Value to EBITDA -2.54 | Shares Outstanding 83891600 | Shares Floating 74949582 |
Shares Outstanding 83891600 | Shares Floating 74949582 | ||
Percent Insiders 9.16 | Percent Institutions 19.89 |
Upturn AI SWOT
India Globalization Capital Inc

Company Overview
History and Background
India Globalization Capital Inc. (IGC) was founded in 2005. The company initially focused on providing management consulting and IT services to businesses operating in India and the United States. Over the years, IGC has undergone significant strategic shifts, diversifying into the cannabis industry and healthcare sectors. Key milestones include its entry into the cannabis market, aiming to leverage global opportunities in the burgeoning industry, and its subsequent focus on developing a diversified portfolio of cannabis-related products and services, as well as exploring innovative healthcare solutions.
Core Business Areas
- Cannabis: IGC is involved in the cultivation, processing, and distribution of cannabis products. This includes developing and selling a range of products such as oils, tinctures, and other consumables. The company aims to establish a presence in key markets where cannabis is legally recognized for medical or recreational use.
- Healthcare: IGC is exploring opportunities in the healthcare sector, with a particular focus on developing cannabinoid-based therapeutics. This segment involves research and development of potential treatments for various medical conditions.
Leadership and Structure
Information regarding India Globalization Capital Inc's specific leadership team and detailed organizational structure is best obtained from their official investor relations filings or website. As a publicly traded company, leadership typically includes a CEO, CFO, and a board of directors responsible for overseeing the company's strategy and operations.
Top Products and Market Share
Key Offerings
- Product Name 1: Cannabis-derived oils and tinctures. These are key ingestible products for both medical and potential recreational markets. Competitors include numerous cannabis producers and distributors globally. Specific market share data for IGC's individual products is not readily available publicly, but the overall cannabis market is highly fragmented.
- Product Name 2: Research and development of cannabinoid-based therapeutics. This is an evolving area with significant potential. Competitors include pharmaceutical companies and specialized biotech firms. Market share is nascent and depends on regulatory approvals and clinical trial success.
Market Dynamics
Industry Overview
India Globalization Capital Inc operates in two dynamic and evolving industries: the global cannabis market and the healthcare/biotechnology sector. The cannabis market is characterized by rapid growth, increasing legalization, and a complex regulatory landscape that varies significantly by jurisdiction. The healthcare sector, particularly in the realm of cannabinoid therapeutics, is driven by scientific research, clinical trials, and the demand for novel treatments.
Positioning
IGC is positioning itself as a diversified player in the cannabis and healthcare sectors. Its competitive advantages may lie in its agility to adapt to changing regulations, its focus on specific product niches within the cannabis market, and its pursuit of cannabinoid-based therapeutic solutions. However, it faces intense competition from established players in both sectors.
Total Addressable Market (TAM)
The Total Addressable Market (TAM) for the global cannabis industry is projected to be in the hundreds of billions of dollars, with the global pharmaceutical market being in the trillions. IGC's current market share is a small fraction of these vast markets. The company is positioned to capture a portion of this TAM by focusing on specific product categories and therapeutic areas within these broader markets.
Upturn SWOT Analysis
Strengths
- Diversified business model in cannabis and healthcare.
- Potential for innovation in cannabinoid therapeutics.
- Experience in navigating diverse regulatory environments.
Weaknesses
- Relatively small market share and brand recognition compared to larger competitors.
- Dependence on evolving regulatory landscapes for cannabis.
- Financial resources may be limited compared to major pharmaceutical companies.
- Past financial performance challenges.
Opportunities
- Expansion of legal cannabis markets globally.
- Advancements in scientific research for cannabinoid applications.
- Strategic partnerships and acquisitions.
- Increasing consumer acceptance and demand for cannabis products.
Threats
- Intensifying competition in both cannabis and healthcare.
- Changes in cannabis regulations (e.g., stricter controls or prohibition).
- Challenges in obtaining regulatory approvals for therapeutics.
- Economic downturns affecting consumer spending.
- Patent expirations and generic competition.
Competitors and Market Share
Key Competitors
- Aurora Cannabis Inc. (ACB)
- Canopy Growth Corporation (CGC)
- Cronos Group Inc. (CRON)
- Tilray Brands, Inc. (TLRY)
Competitive Landscape
IGC faces a highly competitive landscape in both the cannabis and healthcare sectors. Its primary disadvantages compared to larger, established players include limited capital, smaller scale of operations, and less brand recognition. Potential advantages could arise from niche product development, strategic partnerships, or success in specific therapeutic research areas.
Growth Trajectory and Initiatives
Historical Growth: IGC's historical growth trajectory has been marked by strategic pivots and expansion into new industries, particularly cannabis. While the company has aimed for growth, its financial performance has shown volatility, and it has not consistently achieved sustained revenue growth or profitability.
Future Projections: Future projections for India Globalization Capital Inc. are speculative and heavily dependent on the success of its strategic initiatives in the cannabis and healthcare sectors, as well as market conditions and regulatory developments. Analyst estimates, if available, would provide a more concrete outlook.
Recent Initiatives: Recent initiatives likely revolve around expanding its cannabis product offerings, developing its cannabinoid-based therapeutics pipeline, and potentially seeking strategic partnerships or financing to support its growth ambitions.
Summary
India Globalization Capital Inc. operates in the rapidly evolving cannabis and healthcare sectors, exhibiting a diversified strategy. While it shows potential for innovation, particularly in cannabinoid therapeutics, the company faces significant challenges from intense competition, regulatory uncertainties in the cannabis market, and a history of financial losses. Its success will hinge on its ability to secure funding, gain regulatory approvals, and effectively scale its operations in these dynamic industries.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings with the U.S. Securities and Exchange Commission (SEC)
- Reputable financial news outlets and market data providers (e.g., Yahoo Finance, Bloomberg, Refinitiv - data availability may vary)
- Industry analysis reports (general market trends)
Disclaimers:
This JSON output is based on publicly available information and general market knowledge. It is not financial advice. Investing in the stock market carries inherent risks. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Specific financial data points and market share figures are estimations and subject to change. Information regarding leadership and detailed organizational structure requires direct consultation of company investor relations materials.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About India Globalization Capital Inc
Exchange NYSE MKT | Headquaters Potomac, MD, United States | ||
IPO Launch date 2006-04-13 | President, CEO & Director Mr. Ram Mukunda | ||
Sector Healthcare | Industry Biotechnology | Full time employees 70 | Website https://igcpharma.com |
Full time employees 70 | Website https://igcpharma.com | ||
IGC Pharma, Inc., a clinical stage pharmaceutical company, engages in developing treatments for Alzheimer's disease in India, the United States, and Colombia. The company's lead product is IGC-AD1, which is in Phase 2 clinical trial for the treatment of agitation in dementia due to Alzheimer's; and TGR-63, IGC-M3, and LMP that are in pre-clinical stage for the treatment of Alzheimer's disease. It also develops IGC-1A and IGC-1C which are in pre-clinical stage for the treatment of metabolic disorders and Alzheimer's disease. The company was formerly known as India Globalization Capital, Inc. and changed its name to IGC Pharma, Inc. in March 2023. IGC Pharma, Inc. was incorporated in 2005 and is headquartered in Potomac, Maryland.

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