India Globalization Capital Inc. is an AMEX listed security that has been trading in a range between $5.30 and $6.00 over the past year. With 13,974,500 shares outstanding, a recent price of $5.71 gives a total market capitalization of $79,794,396. While there are certainly larger companies, India Globalization Capital Inc. has definitely earned its place in the pack. Last year, India Globalization Capital Inc. created $0.06 in earnings for every share outstanding.
India Globalization Capital Inc. is currently priced by the market at 102.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, India Globalization Capital Inc. could be an interesting value proposition.
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