IGC Pharma (IGC) Tax Rate (2010 - 2024)
IGC Pharma (IGC) posted quarterly Tax Rate of 51.13% for Q1 2024, down 11108.0% year-over-year from N/an in Q2 2023, and down 185.28% quarter-over-quarter from 59.95% in Q1 2023.
IGC Pharma (IGC) Tax Rate (2010 - 2024) Analysis & Trends
IGC Pharma (IGC) has reported Tax Rate for 12 consecutive years, with 51.13% the latest figure, recorded in Q1 2024.
- In Q1 2024, Tax Rate fell 11108.0% year-over-year to 51.13%; the TTM figure through Dec 2024 stood at 16.74% (down 3382.0% YoY), while the FY2025 annual figure was 32.37%, up 4372.0% from the prior year.
- Tax Rate retreated to 51.13% in Q1 2024 per IGC's latest filing, from 59.95% in the prior quarter.
- Across five years, Tax Rate topped out at 97.81% in Q1 2020 and bottomed at 51.13% in Q1 2024.
- Historically, Tax Rate has averaged 26.47% across 4 years, with a median of 29.59% in 2022.
- Annual changes were most pronounced in 2023 — Tax Rate surged 6072 bps — and 2024, when it tumbled 11108 bps.
- IGC Pharma's Tax Rate stood at 97.81% in 2020, then plunged by 101 bps to 0.77% in 2022, then surged by 7897 bps to 59.95% in 2023, then sank by 185 bps to 51.13% in 2024.
- Business Quant data shows IGC's Tax Rate at 51.13% in Q1 2024, 59.95% in Q1 2023, and 0.77% in Q1 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 137.11 Bn | 129.26 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 84.98 Bn | 76.99 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 64.52 Bn | 59.33 Bn | 1.37 Bn | 10.91% |
| 4 | Moderna | 53.23 Bn | 48.09 Bn | 52.00 Mn | -1.96% |
| 5 | BeOne Medicines | 41.23 Bn | 36.14 Bn | 1.53 Bn | 24.15% |
| 6 | Alnylam Pharmaceuticals | 30.65 Bn | 27.34 Bn | 992.69 Mn | 7.49% |
| 7 | Insmed | 27.15 Bn | 25.99 Bn | 358.27 Mn | -16.71% |
| 8 | Royalty Pharma | 26.98 Bn | 26.14 Bn | - | - |
| 9 | BioNTech SE | 26.78 Bn | 8.39 Bn | 668.28 Mn | 34.12% |
| 10 | IGC Pharma | 27.20 Mn | 26.94 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | -51.13% |
| Mar 31, 2024 | -51.13% |
| Mar 31, 2024 | -51.13% |
| Mar 31, 2023 | 59.95% |
| Mar 31, 2023 | 59.95% |
| Mar 31, 2023 | 59.95% |
| Mar 31, 2022 | -0.77% |
| Mar 31, 2022 | -0.77% |
| Mar 31, 2022 | -0.77% |
| Mar 31, 2020 | 97.81% |
| Mar 31, 2020 | 97.81% |
| Mar 31, 2020 | 97.81% |
| Mar 31, 2017 | 141.41% |
| Mar 31, 2017 | 141.41% |
| Mar 31, 2017 | 141.41% |
| Dec 31, 2016 | -99.36% |
| Dec 31, 2016 | -99.36% |
| Dec 31, 2016 | -99.36% |
| Mar 31, 2016 | 100.41% |
| Mar 31, 2016 | 100.41% |