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    Industrial services

  3. •

    Engineering & construction
Indigo Star Holdings Limited

Indigo Star Holdings Limited

HHKEX:8373
0.85
HKD
-0.06
(-6.59%)
31.20MMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.75
0.75
1.47
1.06
0.51
0.24
0.4
0.82
1.11
2.16
2.04
- -
Basic EPS, GAAP
0.06
0.07
0.08
0.06
- -
-0.05
-0.09
0.01
0.02
0.08
0.05
- -
Free Cash Flow per Basic Share
0.07
0.19
-0.02
- -
-0.18
- -
-0.06
0.05
0.14
0.03
-0.01
- -
Dividend per Share
0.03
0.06
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.23
0.24
0.42
0.47
0.47
0.42
0.33
0.34
0.36
0.44
0.49
0.42
Tangible Book Value per Share
0.23
0.24
0.42
0.47
0.47
0.42
0.33
0.34
0.36
0.44
0.49
0.42
Basic Weighted Avg Shares
40
40
31
40
40
40
40
40
40
40
40
40
Sales/Revenue/Turnover
30
30
45
43
20
9
16
33
44
86
82
- -
Operating Margin (%)
9.37
10.92
8.63
6.8
-2.27
-22.88
-22.59
3.67
4.48
3.76
3.12
- -
Depreciation Expense
- -
- -
- -
- -
- -
1
1
1
1
1
1
- -
Net Income, GAAP
3
3
3
3
- -
-2
-4
- -
1
3
2
- -
Effective Tax Rate (%)
13
9.38
34.07
17.96
- -
- -
- -
5.19
42.42
13.51
22.12
- -
Profit Margin (%)
8.36
9.89
5.76
5.89
0.74
-21.88
-23.19
0.89
2.25
3.67
2.38
- -
Working Capital
4
3
7
16
17
10
6
7
8
12
13
11
LT Debt
- -
- -
- -
- -
- -
1
1
1
1
1
1
1
Total Equity
9
10
17
19
19
17
13
13
14
18
19
17
Return on Invested Capital (%)
- -
26.18
16.67
12.23
- -
- -
- -
3.6
6.23
15.08
6.22
- -
Return on Capital (%)
- -
27.71
18.48
13.88
- -
- -
- -
2.2
6.03
17.19
9.46
- -
Return on Common Equity (%)
- -
31.11
19.68
14.19
0.81
-11.58
-24.86
2.2
7.17
19.86
10.51
- -

Capital Structure

SGD

•

in mil. unless spec.
Sep'23
Dec'23
Jun'24
ST Debt
- -
2
1
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
40
40
40
Market Capitalization
11
5
5

Working Capital

SGD

•

in mil. unless spec.
Sep'23
Dec'23
Jun'24
Total Current Assets
- -
27
28
Cash, Cash Equivalents & STI
- -
11
9
Accounts Receivable, Net
- -
7
4
Inventories
- -
1
4
Total Current Liabilities
- -
19
17
Payables & Accruals
- -
- -
- -
ST Debt
- -
2
1
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.78%
4.12%
11.15%
Free Cash Flow
699.75%
578.98%
-118.95%
Net Income, GAAP
-115.64%
78.55%
-38.64%
Sales/Revenue/Turnover
23.8%
59.79%
-5.44%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
86
2025
- -
- -
82
2026
- -
- -
- -

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.08
2025
- -
- -
0.05
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Cheng Seng Goh
Full Time Employees
928
Sector
Industrial services
Industry
Engineering & construction
Address
No. 03–08, Quartz Industrial Building Singapore Singapore 367903
IPO Date
Nov 16, 2017
Website
indigostar.sg
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Business
Indigo Star Holdings Limited Indigo Star Holdings Limited is a Singapore-based investment holding company that operates as a subcontractor specializing in reinforced concrete works for general building and civil engineering projects; its core services encompass steel reinforcement works using reinforcing bars for on-site installations, formwork erection involving the design, construction, and dismantling of temporary moulds, and concrete works comprising labor for pouring and setting concrete into formwork supported by steel reinforcements. The company undertakes a range of projects including residential housing, offices, commercial, industrial and institutional developments, hotels, hospitals, mixed-use buildings, court buildings, MRT stations, and infrastructure; it also engages in labor supplies to the construction industry, trading of tiles, mobile phones and accessories, and supply of building materials, with all revenue derived from Singapore operations where it employs approximately 887 staff. Founded in 1996 and headquartered at No. 03-08 Quartz Industrial Building, 5 Upper Aljunied Link, Singapore, the company underwent a major ownership change in March 2024 when Splendor Investment Limited, controlled by Chan Ming, completed the acquisition of a 51.2% controlling stake from Amber Capital Holdings Limited for HK$13.3 million, triggering an unconditional mandatory cash offer for remaining shares; subsequent developments included board and committee changes effective August 2025, alongside routine earnings reporting for periods ended June 30, 2024 and December 31, 2023.