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Fairfax India Holdings Corporation

Company price
18.09 CAD 0.23 ( 1.29%)
Last update at 2026-11-04T14:30:00Z
VOLUME
1422
Market Cap
1933.17M
P/E
6.20

Momentum Score

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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.

Source: TradingView
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Day Price Range
17.90
Low
18.09
High
52 Week Price Range
12.00
Low
15.85
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

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.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
17.86
Dividend Yield
-
Revenue TTM
517.23M
Revenue Per Share
3.76
Gross Profit TTM
284.88M
Debt / Equity
0.19
ROE
11.97%
Net Debt
349.86M
ROCE
8.01%
Diluted EPS TTM
2.30

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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

Peer Comparison*

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

Profile*

Fairfax India Holdings Corporation

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.

95 Wellington Street West, Toronto, ON, Canada, M5J 2N7

416 367 4755

10

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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