India Globalization Capital Inc. (IGC) financial statements (2022 and earlier)

Company profile

Business Address 10224 FALLS ROAD
POTOMAC, MD 20854
State of Incorp. MD
Fiscal Year End March 31
SIC 5065 - Electronic Parts and Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,94114,62812,33925,6101,6582,4181,491
Cash and cash equivalents11,94114,5487,25825,6101,6585381,491
Short-term investments 805,081  1,880 
Receivables164175133845588651,841
Inventory, net of allowances, customer advances and progress billings5,4285,4784,245248486 162
Inventory5,4285,4784,245248486 162
Prepaid expense 4259  71
Advances on inventory purchases    299241316
Deposits current assets  2743441414
Other current assets14919618018113517
Other undisclosed current assets1,5553,0365747201481 
Total current assets:19,23723,51717,75726,7233,2053,5813,842
Noncurrent Assets
Operating lease, right-of-use asset482488574
Property, plant and equipment10,52010,8409,7805,8866,2379547,074
Long-term investments and receivables1112221,5881,5986,0115,785
Long-term investments1112221,5881,5986,0115,785
Intangible assets, net (including goodwill), including:4264072521841281981,181
Goodwill     1981,181
Intangible assets, net (excluding goodwill)426407252184128 113
Other undisclosed intangible assets, net (including goodwill)      (113)
Other noncurrent assets612603610878485540507
Deferred tax assets, net   357
Other undisclosed noncurrent assets  (11)(794)(799) 113
Total noncurrent assets:12,05112,35011,2277,7427,6487,70315,017
TOTAL ASSETS:31,28835,86728,98434,46510,85311,28418,859
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9191,5881,13450952598631
Accounts payable35747676231952417331
Accrued liabilities9191,5881,134509 181300
Other undisclosed accounts payable and accrued liabilities(357)(476)(762)(319)   
Debt330450501,800 2,017
Other liabilities  29835494692551
Other undisclosed current liabilities357476464284   
Total current liabilities:1,2792,3681,9468782,3461,2903,199
Noncurrent Liabilities
Long-term debt and lease obligation519681485 428452801
Long-term debt, excluding current maturities145276  428452801
Operating lease, liability374405485
Liabilities, other than long-term debt1515161515 911
Other liabilities1515161515 911
Other undisclosed noncurrent liabilities     2,192 
Total noncurrent liabilities:534696501154422,6441,712
Total liabilities:1,8133,0642,4478932,7883,9344,911
Stockholders' equity
Stockholders' equity attributable to parent, including:29,475(76,917)(68,217)(60,471)8,0657,35913,476
Common stock     32
Additional paid in capital     61,41465,885
Accumulated other comprehensive loss(2,763)(2,774)(2,850)(2,419)(2,057)(2,048)(2,269)
Accumulated deficit(82,656)(74,143)(65,367)(58,052)(53,796)(52,009)(50,142)
Other undisclosed stockholders' equity attributable to parent114,894   63,917  
Stockholders' equity attributable to noncontrolling interest     (9)472
Other undisclosed stockholders' equity 109,72094,75494,043   
Total stockholders' equity:29,47532,80326,53733,5728,0657,35013,948
TOTAL LIABILITIES AND EQUITY:31,28835,86728,98434,46510,85311,28418,859

Income statement (P&L) ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues(2,870)8984,0725,1162,1935806,367
Cost of revenue3,010(785)(3,957)(4,984)(2,111)(362)(5,523)
Cost of goods and services sold(60)(307)     
Gross profit:14011311513282218843
Operating expenses(13,370)(8,837)(6,979)(4,775)(1,870)(1,875)(2,703)
Other undisclosed operating loss     (397)(1,046)
Operating loss:(13,230)(8,724)(6,864)(4,643)(1,789)(2,054)(2,906)
Nonoperating income273823315483122286
Other nonoperating income273823315483120284
Interest and debt expense430(3) 300(31)(223)(214)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(169)(166)(782)(300)31318 
Loss from continuing operations before equity method investments, income taxes:(12,696)(8,811)(7,315)(4,095)(1,786)(1,838)(2,833)
Other undisclosed loss from continuing operations before income taxes(467)      
Loss from continuing operations before income taxes:(13,163)(8,811)(7,315)(4,095)(1,786)(1,838)(2,833)
Income tax expense   (2)(0)(14)(1)
Net loss:(13,163)(8,811)(7,315)(4,097)(1,786)(1,853)(2,834)
Net income (loss) attributable to noncontrolling interest     (14)26
Net loss available to common stockholders, diluted:(13,163)(8,811)(7,315)(4,097)(1,786)(1,867)(2,808)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net loss:(13,163)(8,811)(7,315)(4,097)(1,786)(1,853)(2,834)
Comprehensive loss:(13,163)(8,811)(7,315)(4,097)(1,786)(1,853)(2,834)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     (14)26
Other undisclosed comprehensive income (loss), net of tax, attributable to parent25476(431)(362)   
Comprehensive loss, net of tax, attributable to parent:(12,909)(8,735)(7,746)(4,459)(1,786)(1,867)(2,808)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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