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Fairfax India Holdings Corporation, an investment holding company, engages in the investment activities in India. It invests in public and private equity securities and debt instruments in India and Indian businesses, or other businesses with customers, suppliers, or business primarily conducted and dependent in India. The company was incorporated in 2014 and is headquartered in Toronto, Canada. Fairfax India Holdings Corporation operates as a subsidiary of Fairfax Financial Holdings Limited.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Fairfax India Holdings Corporation is a Toronto-listed closed-end investment company that holds public and private equity stakes in Indian businesses across multiple sectors, managed by an affiliated team. Drivers include India’s economic expansion, operational improvements at portfolio companies, and value-oriented investing that could support appreciation. Investors may find diversified but concentrated exposure to India through an experienced manager attractive for long horizons.
Key risks include concentrated holdings and private-investment illiquidity, Indian regulatory and currency volatility, closed-end market-price swings, and reliance on the investment team's execution.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | 380.91M | 195.97M | 533.53M | -38.98M | 592.62M |
| Minority interest | -10.28M | -0.05M | 0.01M | 0.00M | - |
| Net income | 329.38M | 191.44M | 494.51M | -41.48M | 516.34M |
| Selling general administrative | 16.08M | 12.31M | 4.61M | 3.26M | 4.22M |
| Gross profit | - | 209.97M | 542.26M | -29.20M | 603.47M |
| Ebit | - | 268.85M | 567.60M | 5.05M | 645.21M |
| Ebitda | - | 220.93M | 558.85M | -14.68M | 625.86M |
| Operating income | - | 220.93M | 558.85M | -14.68M | 625.86M |
| Other operating expenses | - | 13.99M | 8.73M | 9.78M | 10.85M |
| Interest expense | 25.00M | 25.00M | 25.31M | 24.30M | 33.24M |
| Tax provision | 41.26M | 4.49M | 39.03M | 2.50M | 76.28M |
| Interest income | 16.72M | 11.35M | 5.50M | 6.01M | 4.86M |
| Net interest income | -8.28M | -13.65M | -19.81M | -18.29M | -28.38M |
| Income tax expense | - | 4.49M | 39.03M | 2.50M | 76.28M |
| Total revenue | 398.54M | 209.97M | 542.26M | -29.20M | 603.47M |
| Total operating expenses | - | 13.99M | 8.73M | 9.78M | 10.85M |
| Total other income expense net | - | -24.95M | -25.32M | -24.30M | -33.24M |
| Net income from continuing ops | 339.65M | 191.49M | 494.50M | -41.48M | 516.34M |
| Net income applicable to common shares | - | 191.44M | 494.51M | -41.48M | 516.34M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 3365.57M | 3584.35M | 3073.00M | 3244.94M | 2705.55M |
| Other current assets | - | - | 16.32M | 16.91M | 15.26M |
| Total liab | 608.80M | 681.91M | 626.06M | 667.09M | 587.61M |
| Total stockholder equity | 2642.04M | 2774.79M | 2446.93M | 2577.85M | 2117.95M |
| Other current liab | -9.75M | -9.48M | -0.93M | -1.17M | 31.33M |
| Common stock | 1443.37M | 1474.56M | 1561.73M | 1595.01M | 1597.43M |
| Capital stock | 1443.37M | 1474.56M | 1561.73M | 1595.01M | 1597.43M |
| Retained earnings | 1810.72M | 1623.68M | 1163.49M | 1200.60M | 684.84M |
| Other liab | 50.66M | 80.99M | 63.50M | 64.51M | 0.72M |
| Other assets | 1.91M | 2.30M | 21.38M | 21.44M | 0.67M |
| Cash | 147.45M | 30.38M | 22.06M | 48.71M | 21.24M |
| Total current liabilities | 9.75M | 9.48M | 0.93M | 1.17M | 588.39M |
| Net debt | 349.86M | 466.41M | 525.17M | 498.51M | 525.99M |
| Short long term debt total | 497.31M | 496.79M | 547.23M | 547.23M | 547.23M |
| Other stockholder equity | -612.05M | -323.44M | -278.29M | -217.76M | -0.09M |
| Total current assets | 153.05M | 35.72M | 23.97M | 52.17M | 43.53M |
| Long term investments | 3210.61M | 3546.33M | 3027.65M | 3171.33M | 2661.35M |
| Net tangible assets | 2642.04M | 2774.79M | 2446.93M | 2577.85M | 2117.95M |
| Short term investments | - | - | - | - | 0.00M |
| Net receivables | 5.60M | 5.34M | 1.91M | 3.45M | 7.04M |
| Long term debt | - | - | - | - | 547.23M |
| Accounts payable | 9.75M | 9.48M | 0.93M | 1.17M | 1.03M |
| Accumulated other comprehensive income | - | - | - | - | -164.23M |
| Non currrent assets other | -3210.61M | -3546.33M | -3027.65M | -3171.33M | 0.67M |
| Non current assets total | 3210.61M | 3546.33M | 3027.65M | 3171.33M | 2662.01M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Change to liabilities | -0.03M | 1.30M | 7.59M | -6.20M | 8.77M |
| Net borrowings | - | -50.00M | -50.00M | -50.00M | 150.00M |
| Total cash from financing activities | -35.58M | -51.30M | -34.45M | -8.54M | 112.24M |
| Change to operating activities | 0.94M | 14.31M | 6.08M | 5.74M | 5.78M |
| Net income | 191.49M | 494.50M | -41.48M | 516.34M | 96.43M |
| Change in cash | 117.07M | 8.32M | -26.66M | 27.47M | 8.00M |
| Begin period cash flow | 30.38M | 22.06M | 48.71M | 21.24M | 13.24M |
| End period cash flow | 147.45M | 30.38M | 22.06M | 48.71M | 21.24M |
| Total cash from operating activities | 152.34M | 61.09M | 10.89M | 36.60M | -92.82M |
| Issuance of capital stock | - | - | - | - | 0.00M |
| Change to account receivables | -0.84M | -3.48M | 1.44M | 3.48M | 1.61M |
| Sale purchase of stock | -35.58M | -126.87M | -28.91M | -3.00M | -32.22M |
| Other cashflows from financing activities | - | 625.57M | -5.54M | 44.45M | 544.46M |
| Change to netincome | -39.45M | -447.26M | 40.82M | -484.98M | -206.86M |
| Capital expenditures | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in working capital | 0.35M | 13.84M | 11.55M | 53.75M | 17.60M |
| Other non cash items | -39.50M | -447.25M | 40.82M | -533.49M | -207.56M |
| Free cash flow | 152.34M | 61.09M | 10.89M | 36.60M | -92.82M |
Sector: Financial Services Industry: Asset Management
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FIH-U Fairfax India Holdings Corporation |
0.23 1.29% |
18.09 | 6.20 | 30.67 | 3.74 | 0.68 | 6.39 | 45.81 |
| BLK BlackRock CDR (CAD Hedged) |
0.85 2.89% |
30.29 | 25.23 | 18.90 | 6.38 | 2.79 | 6.35 | 17.13 |
| BN Brookfield Corporation |
1.29 2.27% |
58.14 | 94.76 | 11.96 | 1.84 | 2.36 | 4.58 | 10.80 |
| BAM Brookfield Asset Management Ltd |
1.57 2.20% |
72.89 | 31.22 | 25.51 | 22.40 | 9.70 | 17.61 | 25.08 |
| PHYS Sprott Physical Gold Trust |
1.02 2.45% |
42.61 | 3.81 | - | 3.47 | 1.06 | 4.09 | 0.66 |
Fairfax India Holdings Corporation, an investment holding company, engages in the investment activities in India. It invests in public and private equity securities and debt instruments in India and Indian businesses, or other businesses with customers, suppliers, or business primarily conducted and dependent in India. The company was incorporated in 2014 and is headquartered in Toronto, Canada. Fairfax India Holdings Corporation operates as a subsidiary of Fairfax Financial Holdings Limited.
| Name | Title | Year Born |
|---|---|---|
| Mr. V. Prem Watsa | Founder & Non Independent Chairman | 1950 |
| Mr. Chandran Ponnaiah Ratnaswami B.E. (Civil), B.Tech., M.B.A., MBA | CEO & Non Independent Director | 1949 |
| Ms. Amy Sherk | Chief Financial Officer | 1981 |
| Mr. Gopalakrishnan Soundarajan | COO & Non-Independent Director | 1963 |
| Ms. Amy Tan | CEO of FIH Mauritius Investments Ltd & FIH Private Investments Ltd | 1975 |
| Mr. John Charles Varnell CPA | VP of Corp. Affairs | 1957 |
| Jennifer Pankratz | Gen. Counsel & Corp. Sec. | 1978 |
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