The India Fund
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
3.28-25.27-231.333.07-15.2418.628.535.71-3.825.713.14-15.24
Price/Sales ratio
51.7256.0659.653.05-16.2217.538.295.60-3.89102.616.73-16.22
Price/Book Value ratio
0.900.870.880.880.840.890.860.890.851.010.720.89
Price/Cash Flow ratio
3.28-25.27-231.333.07-15.2418.62N/AN/AN/AN/AN/A-15.24
Price/Free Cash Flow ratio
3.28-25.27-231.333.07-15.2418.62N/AN/AN/AN/AN/A-15.24
Price/Earnings Growth ratio
0.000.222.57-0.000.13-0.100.070.090.01-0.03-0.05-0.10
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A11.72%N/A
Profitability Indicator Ratios
Gross Profit Margin
36.17%18.68%14.76%95.92%127.07%75.44%89.75%92.22%106.65%-935.57%92.19%75.44%
Operating Profit Margin
16.87%3.67%-0.50%99.16%106.36%94.12%97.20%98.11%101.79%-2631.51%196.29%106.36%
Pretax Profit Margin
1574.99%-221.77%-25.78%99.16%106.36%94.12%97.20%98.11%101.79%1795.93%196.14%106.36%
Net Profit Margin
1574.59%-221.77%-25.78%99.16%106.36%94.12%97.20%98.11%101.79%1795.93%196.14%106.36%
Effective Tax Rate
0.02%101.65%98.03%0.13%5.41%1.57%-1.72%-3.31%2.58%N/AN/A1.57%
Return on Assets
25.78%-3.25%-0.35%26.01%-4.99%4.56%9.78%14.15%-20.39%16.83%21.68%-4.99%
Return On Equity
27.44%-3.46%-0.38%28.74%-5.56%4.78%10.17%15.73%-22.26%17.82%26.60%-5.56%
Return on Capital Employed
0.29%0.05%-0.00%28.51%-5.47%4.68%9.80%14.97%-21.56%-25.03%21.70%-5.47%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Quick Ratio
0.100.110.080.000.02-0.15-0.82-0.01-0.020.64N/AN/A
Cash ratio
0.070.070.080.160.240.102.130.150.260.60N/A0.10
Days of Sales Outstanding
N/AN/A0.010.71-18.25160.082.151.74-0.0122.9832.16-18.25
Days of Inventory outstanding
N/AN/A0.00N/AN/A764.2567.7555.8438.53N/AN/A764.25
Operating Cycle
N/AN/A0.010.71-18.25924.3369.9157.5938.5222.9832.16-18.25
Days of Payables Outstanding
27.0926.4826.972.99K2.51K737.95N/A1.79K1.47K50.16N/A737.95
Cash Conversion Cycle
-27.09-26.48-26.96-2.99K-2.53K186.3869.91-1.74K-1.43K-27.1732.16-2.53K
Debt Ratios
Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Debt Equity Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Total Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Interest Coverage Ratio
0.01-0.010.02-0.000.020.02N/AN/AN/AN/AN/A0.02
Cash Flow to Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Company Equity Multiplier
1.061.061.061.101.111.041.031.111.091.051.051.04
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
15.74-2.21-0.250.991.060.94N/AN/AN/AN/AN/A0.94
Free Cash Flow / Operating Cash Flow Ratio
111111N/AN/AN/AN/AN/A1
Cash Flow Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A