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IGS Capital Group Limited

IGSC
22
Construction Materials · Basic Materials
Price
$1.78
+0.00 (+0.00%)
Market Cap
$6.4M
Winston Score
22
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Good
Valuation
Mixed

Share count rising — dilution

+704.0% over 7y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 31.5M (2018) → 253.0M (2025)

Winston Score History

The full picture

IGS Capital Group Limited is a small financial services company based in Asia. It provides capital markets advisory and related financial services, helping businesses raise money, structure deals, and navigate investment transactions. The company operates in a sector often described as a "shell company," meaning its current business activities may be limited or in the process of being reorganized or redirected.

The company earns revenue through fees tied to financial advisory work and deal-related services, reflected in its modest gross margin of around 24%. It is a very small firm with a market cap near zero, which signals limited scale and thin investor interest. The main risk here is transparency — shell-classified companies often have unclear business operations, limited public disclosure, and higher uncertainty around how and whether the business will grow in a meaningful way.

Growth Profile

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

Revenue Growth

-100.0% YoY

Revenue declining

EPS Growth

-100.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

89.8%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~0 months

$60,571 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

IGS Capital Group Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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
N/A
Data not available
Profit after running costs
Operating Margin
N/A
Data not available
Return on the money invested
ROCE
-2.7%
Weak — -2.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
-181%
Weak — only -181% of profit becomes cash
Spare cash per sale
FCF Margin
-59.1%
Burning cash (-59.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.05
Conservative — low debt load (0.05)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
28.6x
Growth-priced — P/E 28.6

P/E above the market average. People are paying up for expected growth.

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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