IFN

MKT CAP:$513M

Aberdeen India Fund, Inc.

Market Cap

$513M

Financial Services·Asset Management·🇸🇬 Singapore·NYSE

Financials·Asset Management·🇸🇬·NYSE

Stock Price

$12.28-$1.76 (-12.54%)

Apr 22, 2026

Company Details

Aberdeen 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 ...

CEO

Gary Robert Marshall

IPO Date

Feb 15, 1994

Website

www.aberdeenifn.com/aam.nsf/usClosedIfn/home

Key Metrics TTM

Revenue

$169M

+62.8% YoY

Net Income

$125M

EPS (Diluted)

$4.10

Free Cash Flow

$0

Revenue / Share

$4.02

Gross Margin

90.8%

Operating Margin

74.7%

Net Margin

74.2%

FCF Margin

0.0%

P/S

3.0x

P/E

4.1x

Earnings Reports

FY 2025

Dec 30, 2025

$78M-30.8%EPS -$1.11

Q4 2025

Dec 30, 2025

$26M-52.1%EPS -$1.02

FY 2024

Dec 31, 2024

$113M+126.8%EPS $3.17

Q4 2024

Dec 31, 2024

$54M+80.4%EPS -$0.14

Q2 2024

Jun 30, 2024

$59M+197.7%EPS $3.31

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 14	$8M	$3M	$2M
Q2 15	$6M	$6M	$139.5K
Q4 15	$6M	$6M	$334.5K
Q2 16	$6M	$2M	$952.0K
Q4 16	$4M	-$169.4K	-$872.6K
Q2 17	$51M	$47M	$166M
Q4 17	$51M	$46M	$71M
Q2 18	$87M	$82M	-$15M
Q4 18	$25M	$21M	-$19M
Q2 19	$47M	$43M	$28M
Q4 22	$12M	$9M	$19M
Q2 23	$20M	$17M	$38M
Q4 23	$30M	$27M	$60M
Q2 24	$59M	$55M	$114M
Q4 24	$54M	$49M	-$5M
Q4 25	$26M	$22M	-$42M

Valuation

Quarter	P/S	P/E
Q4 14	26.7x	3.3x
Q2 15	30.6x	2.5x
Q4 15	25.8x	3.3x
Q2 16	26.3x	6.4x
Q4 16	27.6x	—
Q2 17	11.1x	6.7x
Q4 17	6.6x	3.2x
Q2 18	3.3x	4.0x
Q4 18	2.5x	2.7x
Q2 19	2.8x	9.2x
Q4 22	2.7x	44.0x
Q2 23	4.9x	7.8x
Q4 23	5.2x	3.9x
Q2 24	4.7x	2.4x
Q4 24	3.3x	2.6x
Q4 25	3.3x	4.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 14	$158M	$158M
Q4 14	$75M	$75M
Q2 15	$25M	$25M
Q4 15	-$52M	-$52M
Q2 16	$57M	$57M
Q4 16	-$60M	-$60M
Q2 17	$166M	$166M
Q4 17	$71M	$71M
Q2 18	-$16M	-$16M
Q4 18	-$19M	-$19M
Q2 19	$28M	$28M
Q4 22	$0	$0
Q2 23	$0	$0
Q4 23	$0	$0
Q2 24	$0	$0
Q4 24	$0	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 14	+32.3%	+13.4%
Q2 15	-36.0%	+6.8%
Q4 15	+27.4%	+16.9%
Q2 16	-14.1%	-2.6%
Q4 16	-45.4%	-7.0%
Q2 17	+775.2%	-2095.4%
Q4 17	+753.9%	-451.3%
Q2 18	+1378.5%	+1977.7%
Q4 18	+478.3%	+754.0%
Q2 19	-8.8%	+116.5%
Q4 22	-76.6%	+66.8%
Q2 23	-77.3%	-117.6%
Q4 23	+19.6%	-167.3%
Q2 24	+24.9%	-392.4%
Q4 24	+352.2%	+1004.4%
Q4 25	+32.0%	+479.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 14	$0	0.0%
Q4 14	$0	0.0%
Q2 15	$0	0.0%
Q4 15	$0	0.0%
Q2 16	$0	0.0%
Q4 16	$0	0.0%
Q2 17	$0	0.0%
Q4 17	$0	0.0%
Q2 18	$0	0.0%
Q4 18	$0	0.0%
Q2 19	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 14	$6M	$65.7K
Q2 15	$6M	$64.7K
Q4 15	$6M	$64.6K
Q2 16	$5M	$61.6K
Q4 16	$5M	$61.0K
Q2 17	$5M	$60.3K
Q4 17	$5M	$59.3K
Q2 18	$5M	$57.7K
Q4 18	$5M	$61.8K
Q2 19	$4M	$66.3K
Q4 22	$4M	$97.5K
Q2 23	$3M	$78.8K
Q4 23	$4M	$74.4K
Q2 24	$4M	$77.2K
Q4 24	$5M	$82.4K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 18	$5M	$2M	$6M
Q4 18	$15M	$0	$15M
Q2 19	$9M	$1M	$10M
Q4 19	$2M	$2M	$4M
Q2 20	$5M	$2M	$6M
Q4 20	$2M	$847.8K	$3M
Q2 21	$2M	$0	$2M
Q4 21	$6M	$0	$6M
Q2 22	$2M	$744.8K	$3M
Q4 22	$7M	$0	$7M
Q2 23	$793.0K	$755.4K	$2M
Q4 23	$5M	$0	$5M
Q2 24	$6M	$0	$6M
Q4 24	$956.6K	$0	$956.6K
Q2 25	$5M	$0	$5M
Q4 25	$10M	$1M	$11M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 14	30M	-0.6%	-15.5%
Q2 15	30M	+0.3%	-22.0%
Q4 15	29M	-2.4%	-9.4%
Q2 16	29M	-0.0%	-2.7%
Q4 16	28M	-3.0%	-5.1%
Q2 17	28M	+1.3%	-4.1%
Q4 17	28M	-3.0%	-4.6%
Q2 18	27M	-0.6%	-5.2%
Q4 18	26M	-3.4%	-5.6%
Q2 19	27M	+1.7%	-5.3%
Q4 22	30M	+9.9%	+7.3%
Q2 23	30M	+2.5%	+10.7%
Q4 23	31M	+1.4%	+16.1%
Q2 24	34M	+11.8%	+27.7%
Q4 24	41M	+18.7%	+37.9%
Q4 25	42M	+2.9%	+38.5%

Shares Outstanding