Fairfax India Holdings Corporation

FIH-U.TO

Asset Management · Financial Services

Exchange

Toronto Stock Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Exceptional

Valuation

Good

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Winston Score History

The full picture

Fairfax India Holdings Corporation is a Canadian investment company that puts money into businesses based in India. It buys stakes in Indian companies across industries like airports, financial services, and manufacturing. The company is controlled by Fairfax Financial Holdings, the large Canadian insurer run by investor Prem Watsa, who is sometimes called "Canada's Warren Buffett."

Fairfax India makes money when the value of its investments goes up and when those businesses pay dividends. It is listed in Canada but almost all of its assets are in India, making it a way for investors outside India to get exposure to the Indian economy. The company's main edge is its access to deal flow through Fairfax's relationships and its long-term, patient investing style. The biggest growth driver is India's expanding economy, but the main risks are currency fluctuations between the Indian rupee and the Canadian dollar, and the concentration of its portfolio in a small number of large positions.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-134.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-17.5% YoY

YoY Growth Rate

Earnings declining

Insider Activity

0.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

5+ years

Quarterly Free Cash Flow

C$3.8B cash & investments at current burn rate

Revenue declining

Fairfax India Holdings Corporation's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

109.1%

Premium pricing power — 109.1% gross margin

Profit after running costs

Operating Margin

-233.1%

Losing money on operations — -233.1%

Return on the money invested

ROCE

10.4%

Below par — 10.4% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

-315.6%

Shrinking sales (-315.6% YoY)

Profit growth

EPS YoY

+230.6%

Earnings growing fast (+230.6% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

-16%

Weak — only -16% of profit becomes cash

Spare cash per sale

FCF Margin

N/A

Data not available

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Stability

What it owes vs what it owns

Debt / Equity

0.18

Conservative — low debt load (0.18)

Covers its interest

Interest Cover

11.43x

Comfortably covers interest (11.4x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

12.2x

no trend

Attractive valuation — P/E 12.2

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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