IGC Pharma Inc Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
IGC Pharma Inc has an operating margin of -585.8%, meaning the company retains $-586 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -728.5% the prior year.
IGC Pharma Inc's revenue declined 5.5% year-over-year, from $1.3M to $1.3M. This contraction results in a growth score of 13/100.
IGC Pharma Inc carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
IGC Pharma Inc's current ratio of 1.28 indicates adequate short-term liquidity, earning a score of 31/100. The company can meet its near-term obligations, though with limited headroom.
While IGC Pharma Inc generated -$4.8M in operating cash flow, capex of $112K consumed most of it, leaving -$4.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
IGC Pharma Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, IGC Pharma Inc generates $0.67 in operating cash flow (-$4.8M OCF vs -$7.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
IGC Pharma Inc earns $-1489.2 in operating income for every $1 of interest expense (-$7.4M vs $5K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows IGC Pharma Inc (IGC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
IGC Pharma Inc generated $1.3M in revenue in fiscal year 2025. This represents a decrease of 5.5% from the prior year.
IGC Pharma Inc's EBITDA was -$6.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.5% from the prior year.
IGC Pharma Inc generated -$4.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 8.1% from the prior year.
IGC Pharma Inc reported -$7.1M in net income in fiscal year 2025. This represents an increase of 45.2% from the prior year.
IGC Pharma Inc earned $-0.09 per diluted share (EPS) in fiscal year 2025. This represents an increase of 59.1% from the prior year.
IGC Pharma Inc held $405K in cash against $134K in long-term debt as of fiscal year 2025.
IGC Pharma Inc had 81M shares outstanding in fiscal year 2025. This represents an increase of 21.3% from the prior year.
IGC Pharma Inc's gross margin was 48.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 5.8 percentage points from the prior year.
IGC Pharma Inc's operating margin was -585.8% in fiscal year 2025, reflecting core business profitability. This is up 142.6 percentage points from the prior year.
IGC Pharma Inc's net profit margin was -560.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 406.2 percentage points from the prior year.
IGC Pharma Inc invested $3.7M in research and development in fiscal year 2025. This represents a decrease of 3.1% from the prior year.
IGC Pharma Inc invested $112K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 18.8% from the prior year.
IGC Income Statement
| Metric | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $191K-41.8% | $328K+27.6% | $257K-37.6% | $412K+51.5% | $272K+33.3% | $204K-29.9% | $291K-47.6% | $555K |
| Cost of Revenue | $92K-47.1% | $174K+13.7% | $153K-28.5% | $214K+96.3% | $109K+53.5% | $71K-39.3% | $117K-61.0% | $300K |
| Gross Profit | $99K-35.7% | $154K+48.1% | $104K-47.5% | $198K+21.5% | $163K+22.6% | $133K-23.6% | $174K-31.8% | $255K |
| R&D Expenses | $1.6M+86.6% | $851K-0.1% | $852K-7.1% | $917K+3.1% | $889K-1.6% | $903K-28.8% | $1.3M+69.7% | $747K |
| SG&A Expenses | $1.4M+16.7% | $1.2M+6.9% | $1.1M+8.5% | $1.0M-37.7% | $1.7M-25.0% | $2.2M+59.5% | $1.4M-15.2% | $1.6M |
| Operating Income | -$2.9M-52.2% | -$1.9M-1.4% | -$1.9M-6.7% | -$1.8M+26.5% | -$2.4M+20.1% | -$3.0M-20.4% | -$2.5M-16.5% | -$2.1M |
| Interest Expense | N/A | $1K | N/A | N/A | $1K | N/A | N/A | $1K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$1.8M-13.9% | -$1.6M+12.6% | -$1.8M-6.5% | -$1.7M+27.8% | -$2.4M+57.5% | -$5.6M-128.0% | -$2.5M-18.1% | -$2.1M |
| EPS (Diluted) | $-0.020.0% | $-0.020.0% | $-0.020.0% | $-0.02+33.3% | $-0.03+66.7% | $-0.09-80.0% | $-0.05 | N/A |
IGC Balance Sheet
| Metric | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.7M+22.7% | $7.9M-12.5% | $9.1M-12.5% | $10.4M-2.1% | $10.6M-5.9% | $11.3M-31.8% | $16.5M+5.3% | $15.7M |
| Current Assets | $2.0M-6.9% | $2.2M-29.4% | $3.1M-28.2% | $4.3M-3.6% | $4.4M+23.0% | $3.6M-41.4% | $6.1M+20.5% | $5.1M |
| Cash & Equivalents | $1.1M+143.4% | $454K-3.4% | $470K-69.6% | $1.5M-15.2% | $1.8M+32.4% | $1.4M-54.5% | $3.0M+75.6% | $1.7M |
| Inventory | $658K-51.2% | $1.3M-5.9% | $1.4M-5.1% | $1.5M0.0% | $1.5M-21.6% | $1.9M-27.0% | $2.6M-0.2% | $2.6M |
| Accounts Receivable | $41K-52.9% | $87K+77.6% | $49K+11.4% | $44K+57.1% | $28K-69.6% | $92K-32.8% | $137K-39.1% | $225K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.7M-11.5% | $1.9M-33.8% | $2.8M-5.8% | $3.0M+10.2% | $2.7M+23.0% | $2.2M-8.4% | $2.4M-2.5% | $2.5M |
| Current Liabilities | $1.5M-12.2% | $1.7M-35.1% | $2.7M-5.2% | $2.8M+12.6% | $2.5M+28.6% | $1.9M-8.1% | $2.1M-1.2% | $2.1M |
| Long-Term Debt | $132K-0.8% | $133K-0.7% | $134K-0.7% | $135K-0.7% | $136K-1.4% | $138K-0.7% | $139K-0.7% | $140K |
| Total Equity | $8.1M+33.1% | $6.1M-2.9% | $6.3M-15.2% | $7.4M-6.4% | $7.9M-13.0% | $9.1M-35.8% | $14.1M+6.8% | $13.2M |
| Retained Earnings | -$122.8M-0.4% | -$122.3M-2.3% | -$119.6M-1.6% | -$117.8M-1.5% | -$116.0M-4.8% | -$110.8M-5.3% | -$105.2M-2.4% | -$102.7M |
IGC Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.1M-48.5% | -$1.4M-6.8% | -$1.3M-32.2% | -$996K+43.2% | -$1.8M-10.4% | -$1.6M+1.9% | -$1.6M-10.2% | -$1.5M |
| Capital Expenditures | $29K+262.5% | $8K-70.4% | $27K-6.9% | $29K-23.7% | $38K-44.1% | $68K+94.3% | $35K+75.0% | $20K |
| Free Cash Flow | -$2.1M-49.8% | -$1.4M-5.3% | -$1.3M-31.1% | -$1.0M+42.7% | -$1.8M-8.2% | -$1.7M-0.1% | -$1.7M-11.1% | -$1.5M |
| Investing Cash Flow | -$374K-164.5% | $580K+657.7% | -$104K-60.0% | -$65K+50.4% | -$131K-114.8% | -$61K-184.7% | $72K+1540.0% | -$5K |
| Financing Cash Flow | $3.1M+265.5% | $851K+146.7% | $345K-56.5% | $794K-68.3% | $2.5M+250800.0% | -$1K-100.0% | $2.9M+286000.0% | -$1K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IGC Financial Ratios
| Metric | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.8%+4.9pp | 46.9%+6.5pp | 40.5%-7.6pp | 48.1%-11.9pp | 59.9%-5.3pp | 65.2%+5.4pp | 59.8%+13.8pp | 46.0% |
| Operating Margin | -1517.8%-937.0pp | -580.8%+150.0pp | -730.7%-303.6pp | -427.2%+453.7pp | -880.9%+588.7pp | -1469.6%-613.6pp | -856.0%-470.6pp | -385.4% |
| Net Margin | -953.4%-465.9pp | -487.5%+224.2pp | -711.7%-294.9pp | -416.8%+457.5pp | -874.3%+1865.4pp | -2739.7%-1897.4pp | -842.3%-468.4pp | -373.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -18.7%+1.4pp | -20.1%+0.0pp | -20.2%-3.6pp | -16.6%+5.9pp | -22.4%+27.2pp | -49.6%-34.8pp | -14.8%-1.6pp | -13.2% |
| Current Ratio | 1.32+0.1 | 1.25+0.1 | 1.15-0.4 | 1.52-0.3 | 1.77-0.1 | 1.85-1.1 | 2.90+0.5 | 2.38 |
| Debt-to-Equity | 0.020.0 | 0.020.0 | 0.020.0 | 0.020.0 | 0.020.0 | 0.020.0 | 0.010.0 | 0.01 |
| FCF Margin | -1109.4%-678.0pp | -431.4%+91.6pp | -523.0%-274.2pp | -248.8%+409.3pp | -658.1%+153.2pp | -811.3%-243.2pp | -568.0%-299.9pp | -268.1% |
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Frequently Asked Questions
What is IGC Pharma Inc's annual revenue?
IGC Pharma Inc (IGC) reported $1.3M in total revenue for fiscal year 2025. This represents a -5.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is IGC Pharma Inc's revenue growing?
IGC Pharma Inc (IGC) revenue declined by 5.5% year-over-year, from $1.3M to $1.3M in fiscal year 2025.
Is IGC Pharma Inc profitable?
No, IGC Pharma Inc (IGC) reported a net income of -$7.1M in fiscal year 2025, with a net profit margin of -560.4%.
What is IGC Pharma Inc's earnings per share (EPS)?
IGC Pharma Inc (IGC) reported diluted earnings per share of $-0.09 for fiscal year 2025. This represents a 59.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is IGC Pharma Inc's EBITDA?
IGC Pharma Inc (IGC) had EBITDA of -$6.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does IGC Pharma Inc have?
As of fiscal year 2025, IGC Pharma Inc (IGC) had $405K in cash and equivalents against $134K in long-term debt.
What is IGC Pharma Inc's gross margin?
IGC Pharma Inc (IGC) had a gross margin of 48.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is IGC Pharma Inc's operating margin?
IGC Pharma Inc (IGC) had an operating margin of -585.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is IGC Pharma Inc's net profit margin?
IGC Pharma Inc (IGC) had a net profit margin of -560.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is IGC Pharma Inc's free cash flow?
IGC Pharma Inc (IGC) generated -$4.9M in free cash flow during fiscal year 2025. This represents a 8.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is IGC Pharma Inc's operating cash flow?
IGC Pharma Inc (IGC) generated -$4.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are IGC Pharma Inc's total assets?
IGC Pharma Inc (IGC) had $8.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are IGC Pharma Inc's capital expenditures?
IGC Pharma Inc (IGC) invested $112K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does IGC Pharma Inc spend on research and development?
IGC Pharma Inc (IGC) invested $3.7M in research and development during fiscal year 2025.
How many shares does IGC Pharma Inc have outstanding?
IGC Pharma Inc (IGC) had 81M shares outstanding as of fiscal year 2025.
What is IGC Pharma Inc's current ratio?
IGC Pharma Inc (IGC) had a current ratio of 1.28 as of fiscal year 2025, which is considered adequate.
What is IGC Pharma Inc's debt-to-equity ratio?
IGC Pharma Inc (IGC) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is IGC Pharma Inc's return on assets (ROA)?
IGC Pharma Inc (IGC) had a return on assets of -81.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is IGC Pharma Inc's cash runway?
Based on fiscal year 2025 data, IGC Pharma Inc (IGC) had $405K in cash against an annual operating cash burn of $4.8M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is IGC Pharma Inc's Piotroski F-Score?
IGC Pharma Inc (IGC) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are IGC Pharma Inc's earnings high quality?
IGC Pharma Inc (IGC) has an earnings quality ratio of 0.67x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can IGC Pharma Inc cover its interest payments?
IGC Pharma Inc (IGC) has an interest coverage ratio of -1489.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is IGC Pharma Inc?
IGC Pharma Inc (IGC) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.