IGC

IGC Pharma, Inc.

42
Fundamentals33/ 100
Valuation50/ 100
Upside potential59/ 100
Risk potential31/ 100

IGC has lower modeled downside risk, despite its lower overall score.

OSCR

Oscar Health, Inc.

69
Fundamentals85/ 100
Valuation50/ 100
Upside potential61/ 100
Risk potential35/ 100

OSCR has the edge over IGC overall, supported by stronger fundamentals and stronger modeled upside.

IGC Fundamentals

MetricStatus
Healthy
Weak
Weak
Unavailable

IGC's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.

OSCR Fundamentals

MetricStatus
Strong
Healthy
Strong
Strong

OSCR's revenue, profitability, cash flow and balance sheet are all currently healthy.

IGC PE Valuation

IGC has no meaningful PE right now: it lost money over the past year.

OSCR PE Valuation

CHEAPFAIREXPENSIVE41x83x124x166x
CHEAPFAIREXPENSIVE41x83x124x166x
LevelPEPriceVs current
Forward12x$31.94—
Current13x$31.94—
Cheap21x$52.73+65%
Fair35x$87.23+173%
Expensive130x$322+907%

Historical ranges are pointers, not guarantees.

OSCR's PE is 13x, but its earnings don't support one, so it isn't a reliable read right now.

IGC Forward outlook

MetricOutlook
--
Losses steady
Strong growth
--
Limited
High

Analysts expect IGC's revenue to grow, with its earnings and profitability holding steady.

OSCR Forward outlook

MetricOutlook
Improving
Strong growth
Strong growth
Strongly improving
Limited
Moderate

Analysts expect strong earnings and revenue growth for OSCR, with profitability improving.

IGC Risk to reward

ScenarioChangePrice
Upside+50%$0.27
Downside-28%$0.13

Calculated from the latest close: $0.18 on Nov 12.

IGC has a better modeled risk to reward balance than OSCR, with more potential upside relative to its potential downside.

OSCR Risk to reward

ScenarioChangePrice
Upside+55%$49.45
Downside-35%$20.78

Calculated from the latest close: $31.94 on Nov 12.

OSCR trails IGC on modeled risk to reward, with less potential upside relative to its potential downside.

IGC Earnings Per Share

Q4 2023: $-0.25Q1 2024: $-0.22Q2 2024: $-0.21Q3 2024: $-0.19Q4 2024: $-0.12Q1 2025: $-0.09Q2 2025: $-0.08Q3 2025: $-0.08Q4 2025: $-0.06Q1 2026: $-0.07Q2 2026: $-0.08Q3 2026: $-0.08
Q4 2023: $-0.25Q1 2024: $-0.22Q2 2024: $-0.21Q3 2024: $-0.19Q4 2024: $-0.12Q1 2025: $-0.09Q2 2025: $-0.08Q3 2025: $-0.08Q4 2025: $-0.06Q1 2026: $-0.07Q2 2026: $-0.08Q3 2026: $-0.08
QuarterTTM EPSYoY
Q3 2026-$0.08$0.00
Q2 2026-$0.08$0.00
Q1 2026-$0.07+$0.02
Q4 2025-$0.06+$0.06
Q3 2025-$0.08+$0.11
Q2 2025-$0.08+$0.13
Q1 2025-$0.09+$0.13
Q4 2024-$0.12+$0.13

IGC is still losing money, but far less than before: $0.08 per share over the past year, against $0.32 at its worst in mid-2022.

OSCR Earnings Per Share

Q4 2023: $-1.22Q1 2024: $-0.42Q2 2024: $-0.15Q3 2024: $-0.08Q4 2024: $0.10Q1 2025: $0.40Q2 2025: $-0.69Q3 2025: $-1.00Q4 2025: $-1.69Q1 2026: $-0.54Q2 2026: $1.45Q3 2026: $2.47Forward: $2.61
Q4 2023: $-1.22Q1 2024: $-0.42Q2 2024: $-0.15Q3 2024: $-0.08Q4 2024: $0.10Q1 2025: $0.40Q2 2025: $-0.69Q3 2025: $-1.00Q4 2025: $-1.69Q1 2026: $-0.54Q2 2026: $1.45Q3 2026: $2.47Forward: $2.61
QuarterTTM EPSYoY
Forward$2.61+5.6%
Q3 2026$2.47+$3.47
Q2 2026$1.45+$2.14
Q1 2026-$0.54-235%
Q4 2025-$1.69-1790%
Q3 2025-$1.00-$0.92
Q2 2025-$0.69-$0.54
Q1 2025$0.40+$0.82
Q4 2024$0.10+$1.32

OSCR has the edge over IGC on earnings quality, reporting a profit while its opponent remains loss making.

IGC Quarterly Revenue

Q4 2023: $204,000Q1 2024: $295,000Q2 2024: $272,000Q3 2024: $412,000Q4 2024: $257,000Q1 2025: $330,000Q2 2025: $328,000Q3 2025: $191,000Q4 2025: $350,000Q1 2026: $317,000Q2 2026: $265,000Q3 2026: $328,000
Q4 2023: $204,000Q1 2024: $295,000Q2 2024: $272,000Q3 2024: $412,000Q4 2024: $257,000Q1 2025: $330,000Q2 2025: $328,000Q3 2025: $191,000Q4 2025: $350,000Q1 2026: $317,000Q2 2026: $265,000Q3 2026: $328,000
QuarterRevenueYoY
Q3 2026$328K+72%
Q2 2026$265K-19%
Q1 2026$317K-3.9%
Q4 2025$350K+36%
Q3 2025$191K-54%
Q2 2025$328K+21%
Q1 2025$330K+12%
Q4 2024$257K+26%

IGC's revenue is recovering but still below its 2020 peak: $328,000 last quarter, up 72% from the same quarter a year ago.

OSCR Quarterly Revenue

Q4 2023: $1.4BQ1 2024: $2.1BQ2 2024: $2.2BQ3 2024: $2.4BQ4 2024: $2.4BQ1 2025: $3BQ2 2025: $2.9BQ3 2025: $3BQ4 2025: $2.8BQ1 2026: $4.6BQ2 2026: $4.9BQ3 2026: $5.1B
Q4 2023: $1.4BQ1 2024: $2.1BQ2 2024: $2.2BQ3 2024: $2.4BQ4 2024: $2.4BQ1 2025: $3BQ2 2025: $2.9BQ3 2025: $3BQ4 2025: $2.8BQ1 2026: $4.6BQ2 2026: $4.9BQ3 2026: $5.1B
QuarterRevenueYoY
Q3 2026$5.1B+72%
Q2 2026$4.9B+70%
Q1 2026$4.6B+53%
Q4 2025$2.8B+17%
Q3 2025$3B+23%
Q2 2025$2.9B+29%
Q1 2025$3B+42%
Q4 2024$2.4B+67%

OSCR has the edge over IGC on sales, with more consistent year-over-year improvement.

IGC Free Cash Flow

Q4 2023: −$2MQ1 2024: --Q2 2024: −$2MQ3 2024: −$1MQ4 2024: −$1MQ1 2025: −$748,000Q2 2025: −$1MQ3 2025: −$2MQ4 2025: −$1MQ1 2026: −$1MQ2 2026: −$1MQ3 2026: −$1M
Q4 2023: −$2MQ1 2024: --Q2 2024: −$2MQ3 2024: −$1MQ4 2024: −$1MQ1 2025: −$748,000Q2 2025: −$1MQ3 2025: −$2MQ4 2025: −$1MQ1 2026: −$1MQ2 2026: −$1MQ3 2026: −$1M
QuarterFree cash flowYoY
Q3 2026-$1.4M+$702K
Q2 2026-$1.4M+$60K
Q1 2026-$1.2M-$476K
Q4 2025-$1.2M+$109K
Q3 2025-$2.1M-$1.1M
Q2 2025-$1.4M+$375K
Q4 2024-$1.3M+$243K
Q3 2024-$1M+$593K

IGC has burned cash in almost every quarter: −$5M over the past year, against −$6M the year before.

OSCR Free Cash Flow

Q4 2023: $291MQ1 2024: $628MQ2 2024: $490MQ3 2024: −$508MQ4 2024: $340MQ1 2025: $870MQ2 2025: $500MQ3 2025: −$974MQ4 2025: $663MQ1 2026: $2.6BQ2 2026: $2.1BQ3 2026: −$1.2B
Q4 2023: $291MQ1 2024: $628MQ2 2024: $490MQ3 2024: −$508MQ4 2024: $340MQ1 2025: $870MQ2 2025: $500MQ3 2025: −$974MQ4 2025: $663MQ1 2026: $2.6BQ2 2026: $2.1BQ3 2026: −$1.2B
QuarterFree cash flowYoY
Q3 2026-$1.2B-$238.2M
Q2 2026$2.1B+316%
Q1 2026$2.6B+200%
Q4 2025$662.8M+95%
Q3 2025-$973.7M-$466M
Q2 2025$499.8M+2.1%
Q1 2025$869.5M+38%
Q4 2024$340M+17%

OSCR has the edge over IGC on cash generation, producing positive trailing cash flow while its opponent burns cash.

IGC Total Shares

Q4 2023: 64MQ2 2024: 73MQ3 2024: 76MQ4 2024: 78MQ1 2025: 77MQ2 2025: 83MQ3 2025: 90MQ4 2025: 95MQ1 2026: 98MQ2 2026: 100MQ3 2026: 109M
Q4 2023: 64MQ2 2024: 73MQ3 2024: 76MQ4 2024: 78MQ1 2025: 77MQ2 2025: 83MQ3 2025: 90MQ4 2025: 95MQ1 2026: 98MQ2 2026: 100MQ3 2026: 109M
PeriodChange %Net change
Quarterly+9.1%+9.2M shares
1 year+21%+19M shares
3 years+106%+56.4M shares
5 years+129%+61.6M shares

IGC has the edge over OSCR on shareholder dilution, with a more favorable share count trend.

OSCR Total Shares

Q4 2023: 222MQ1 2024: 294MQ2 2024: 304MQ3 2024: 243MQ4 2024: 266MQ1 2025: 306MQ2 2025: 256MQ3 2025: 259MQ4 2025: 262MQ1 2026: 330MQ2 2026: 333MQ3 2026: 346M
Q4 2023: 222MQ1 2024: 294MQ2 2024: 304MQ3 2024: 243MQ4 2024: 266MQ1 2025: 306MQ2 2025: 256MQ3 2025: 259MQ4 2025: 262MQ1 2026: 330MQ2 2026: 333MQ3 2026: 346M
PeriodChange %Net change
Quarterly+3.9%+13M shares
1 year+34%+87.2M shares
3 years+55%+123M shares
5 years+66%+138M shares
Available history+71%+143M shares

OSCR has 346M diluted shares, up 34% from a year ago.

IGC Net Leverage

IGC's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

OSCR Net Leverage

Q1 2024: -217.7xQ2 2024: -24.0xQ3 2024: -10.1xQ4 2024: -13.7xQ1 2025: -9.7xQ1 2026: -110.0xQ2 2026: -5.5xQ3 2026: -4.2x
Q1 2024: -217.7xQ2 2024: -24.0xQ3 2024: -10.1xQ4 2024: -13.7xQ1 2025: -9.7xQ1 2026: -110.0xQ2 2026: -5.5xQ3 2026: -4.2x
QuarterNet LeverageStatus
Q3 2026-4.2xNet Cash
Q2 2026-5.5xNet Cash
Q1 2026-110.0xNet Cash
Q1 2025-9.7xNet Cash
Q4 2024-13.7xNet Cash
Q3 2024-10.1xNet Cash
Q2 2024-24.0xNet Cash
Q1 2024-217.7xNet Cash

OSCR has more cash than debt.

IGC Weekly Momentum

MetricValueStatus
RSI30.4Neutral
Stochastic42.1Neutral

IGC's weekly RSI is 30 (neutral) and its Stochastic is 42 (neutral).

OSCR Weekly Momentum

MetricValueStatus
RSI58.7Neutral
Stochastic44.9Neutral

OSCR's weekly RSI is 59 (neutral) and its Stochastic is 45 (neutral).

IGC PE vs Healthcare Sector

IGC has no meaningful PE right now: it lost money over the past year.

OSCR PE vs Healthcare Sector

MetricOSCRSector medianRelative
PE13x26x50% below
PE %33532 pts below

OSCR is trading at 13x earnings, a 50% discount to the Healthcare sector's median of 26x, though its earnings don't support one.

IGC Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$0.2425% below
20 week MA$0.2631% below
50 week MA$0.2836% below
100 week MA$0.3142% below
200 week MA$0.3447% below

IGC is in a downtrend: it's below all five of its weekly moving averages, and 47% below its 200-week average.

OSCR Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$31.22.3% above
20 week MA$31.12.8% above
50 week MA$22.939% above
100 week MA$19.365% above
200 week MA$15.5106% above

OSCR has the edge over IGC on trend strength, trading above more of its moving averages.

IGC Yearly ROI

YearStart priceEnd priceROI
2020$0.61$1.75+187%
2021$1.75$1.15-34%
2022$1.15$0.34-70%
2023$0.34$0.28-18%
2024$0.28$0.37+32%
2025$0.37$0.30-19%
2026 YTD$0.30$0.18-40%

IGC's yearly returns have swung widely, from +187% in 2020 to −70% in 2022. It's down 40% so far in 2026.

OSCR Yearly ROI

YearStart priceEnd priceROI
2021$31.0$8.02-74%
2022$8.02$2.21-72%
2023$2.21$9.15+314%
2024$9.15$13.8+51%
2025$13.8$14.9+8%
2026 YTD$14.9$31.9+114%

OSCR has the edge over IGC on returns for 2026, with the stronger performance.

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