Igarashi Motors India Ltd
IGARASHI NSE
Igarashi Motors India Ltd
Consumer DiscretionaryNSE: IGARASHI BSE: 517380 Auto Components & Equipments
Key Fundamentals
MicrocapAuto ComponentsAutomobilesMarket Cap
₹1,116 Cr
Volatility
Moderate
P/E Ratio
80.7
Book Value
₹147.65
52W High
₹136.15
52W Low
₹84.57
Technical Indicators
Key Insights
Strengths
2- Company has been maintaining a healthy dividend payout of 41.8%
- Company's working capital requirements have reduced from 33.0 days to 18.6 days
Weaknesses
2- The company has delivered a poor sales growth of 9.43% over past five years.
- Company has a low return on equity of 2.91% over last 3 years.
Growth Rate
Revenue Growth
15.51% ↗
Net Income Growth
-48.00% →
Cash Flow Change
-
ROE
5.00% ↗
ROCE
-
EBITDA Margin (Avg.)
-
Quarterly Results
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation | 11.88 | 11.94 | 12.12 | 12.41 | 12.41 | 12.13 | 12.39 | 12.64 | 13.12 | 13.39 | 13.87 | 14.18 | 14.17 |
| EPS in Rs | 0.43 | 2.42 | 0.45 | 0.46 | 0.5 | 1.63 | 2.59 | 2.47 | 1.64 | 0.97 | 0.8 | 1.44 | 1.11 |
| Expenses | 152 | 151 | 152 | 161 | 156 | 182 | 197 | 190 | 187 | 170 | 185 | 196 | 196 |
| Interest | 3.35 | 3.18 | 3.07 | 3.38 | 3.51 | 2.78 | 3.38 | 3.55 | 3.83 | 2.63 | 3.17 | 3.26 | 2.09 |
| Net Profit | 1.34 | 7.63 | 1.43 | 1.46 | 1.56 | 5.14 | 8.16 | 7.79 | 5.16 | 3.06 | 2.51 | 4.54 | 3.5 |
| OPM % | 9.17% | 12.65% | 9.63% | 9.71% | 9.95% | 10.97% | 11.4% | 12.16% | 11.26% | 10.4% | 9.58% | 10.71% | 9.44% |
| Operating Profit | 15.31 | 21.87 | 16.21 | 17.33 | 17.29 | 22.44 | 25.32 | 26.28 | 23.74 | 19.71 | 19.61 | 23.47 | 20.4 |
| Other Income | 3.8 | 3.33 | 0.9 | 0.46 | 0.73 | 0.34 | 1.37 | 0.33 | 0.37 | 0.31 | 0.8 | 0.14 | 0.08 |
| PBT | 3.88 | 10.08 | 1.92 | 2 | 2.1 | 7.87 | 10.92 | 10.42 | 7.16 | 4 | 3.37 | 6.17 | 4.22 |
| Sales | 167 | 173 | 168 | 178 | 174 | 205 | 222 | 216 | 211 | 189 | 205 | 219 | 216 |
| Tax % | 65.46% | 24.31% | 26.04% | 27% | 25.71% | 34.69% | 25.27% | 25.34% | 28.07% | 23.5% | 25.22% | 26.58% | 17.06% |
Profit & Loss
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation | 16 | 19 | 19 | 22 | 38 | 40 | 43 | 45 | 44 | 47 | 49 | 52 | 56 |
| Div. Payout % | 20% | 28% | 26% | 27% | 19% | 27% | 13% | 18% | 0% | 60% | 33% | 33% | — |
| EPS in Rs | 13.49 | 14.23 | 18.5 | 21.9 | 27.69 | 18.24 | 9.5 | 8.14 | 0.38 | 1.66 | 3.04 | 7.68 | 4.32 |
| Expenses | 292 | 305 | 337 | 394 | 513 | 490 | 456 | 458 | 509 | 595 | 650 | 743 | 746 |
| Interest | 13 | 7 | 6 | 4 | 13 | 16 | 15 | 7 | 7 | 13 | 13 | 14 | 11 |
| Net Profit | 46 | 49 | 64 | 75 | 95 | 57 | 30 | 26 | 1 | 5 | 10 | 24 | 14 |
| OPM % | 19% | 21% | 24% | 24% | 24% | 19% | 15% | 14% | 8% | 9% | 10% | 11% | 10% |
| Operating Profit | 69 | 80 | 108 | 122 | 158 | 117 | 78 | 74 | 47 | 61 | 75 | 96 | 83 |
| Other Income | 18 | 17 | 14 | 17 | 34 | 25 | 12 | 10 | 7 | 8 | 2 | 2 | 1 |
| PBT | 58 | 72 | 97 | 114 | 141 | 86 | 32 | 32 | 2 | 9 | 14 | 33 | 18 |
| Sales | 361 | 385 | 445 | 516 | 671 | 606 | 534 | 533 | 556 | 656 | 725 | 838 | 829 |
| Tax % | 21% | 32% | 35% | 34% | 32% | 33% | 8% | 21% | 48% | 42% | 31% | 26% | — |
Balance Sheet
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Borrowings | 51 | 58 | 44 | 22 | 140 | 118 | 124 | 95 | 100 | 121 | 138 | 151 | 143 |
| CWIP | 1 | 1 | 12 | 3 | 44 | 23 | 11 | 10 | 11 | 13 | 35 | 43 | 61 |
| Equity Capital | 30 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Fixed Assets | 126 | 121 | 138 | 158 | 320 | 383 | 394 | 370 | 378 | 379 | 366 | 391 | 391 |
| Investments | 21 | 26 | 34 | 174 | 50 | 34 | 28 | 1 | 21 | 17 | 16 | 17 | 1 |
| Other Assets | 212 | 292 | 288 | 169 | 391 | 231 | 240 | 320 | 267 | 318 | 357 | 323 | 349 |
| Other Liabilities | 89 | 132 | 133 | 117 | 266 | 122 | 126 | 165 | 138 | 166 | 189 | 158 | 194 |
| Reserves | 189 | 220 | 264 | 335 | 368 | 398 | 391 | 408 | 407 | 408 | 416 | 434 | 433 |
| Total Assets | 360 | 440 | 471 | 504 | 805 | 670 | 673 | 700 | 677 | 726 | 774 | 775 | 802 |
| Total Liabilities | 360 | 440 | 471 | 504 | 805 | 670 | 673 | 700 | 677 | 726 | 774 | 775 | 802 |
Cash Flow
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CFO/OP | 86 | 102 | 89 | 96 | 86 | 162 | 130 | 54 | 169 | 53 | 73 | 109 |
| Financing | 20 | -6 | -49 | -29 | -27 | -59 | -49 | -38 | -24 | -4 | 0 | -5 |
| Investing | -30 | -14 | 20 | -159 | -69 | -104 | -41 | 6 | -55 | -32 | -51 | -90 |
| Operating | 45 | 59 | 64 | 82 | 94 | 164 | 90 | 41 | 73 | 34 | 50 | 94 |
| Free Cash Flow | 31 | 39 | 22 | 48 | -14 | 84 | 56 | 27 | 37 | -2 | -3 | 4 |
| Net Cash Flow | 35 | 39 | 34 | -106 | -1 | 0 | 0 | 9 | -6 | -1 | -1 | -1 |
Ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Conversion Cycle | 42 | 20 | 24 | 17 | 61 | 66 | 69 | 91 | 77 | 94 | 87 | 76 |
| Days Payable | 67 | 105 | 94 | 110 | 92 | 87 | 113 | 139 | 92 | 95 | 103 | 74 |
| Debtor Days | 70 | 74 | 70 | 73 | 92 | 85 | 94 | 114 | 88 | 98 | 104 | 76 |
| Inventory Days | 38 | 51 | 47 | 54 | 62 | 67 | 89 | 115 | 81 | 91 | 86 | 75 |
| ROCE % | 27% | 27% | 32% | 32% | 33% | 19% | 9% | 7% | 2% | 4% | 5% | 8% |
| Working Capital Days | 76 | 56 | 12 | 26 | -40 | 23 | 20 | 53 | 43 | 41 | 40 | 19 |
Documents
Financial Year 2014
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Financial Year 2011
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Financial Year 2015
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Financial Year 2013
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Financial Year 2012
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Concall - Nov 2016
Nov 2016
Concall - Feb 2017
Feb 2017
Concall - Aug 2024
Aug 2024
Concall - Aug 2017
Aug 2017
Concall - Aug 2016
Aug 2016
Rating update
7 Feb 2024 from care
7 Feb 2024 from care
Rating update
6 Mar 2023 from care
6 Mar 2023 from care
Rating update
4 Mar 2025 from care
4 Mar 2025 from care
Rating update
21 Dec 2021 from care
21 Dec 2021 from care
Rating update
1d from care
1d from care
Rating update
13 Mar 2020 from care
13 Mar 2020 from care
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended March 31, 2026
7 Apr - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended March 31, 2026
Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Feb - Newspaper Publication- Intimation of Special Window for Transfer and Dematerialisation of Physical securities
5 Feb - Newspaper Publication- Intimation of Special Window for Transfer and Dematerialisation of Physical securities
Announcement under Regulation 30 (LODR)-Credit Rating
31 Mar - CARE reaffirmed A+ (Stable)/A1+ for Rs169.65 crore bank facilities; long-term increased to Rs41.65 crore.
31 Mar - CARE reaffirmed A+ (Stable)/A1+ for Rs169.65 crore bank facilities; long-term increased to Rs41.65 crore.
Board Meeting Intimation for Board Meeting To Consider Unaudited Financial Results For The Third Quarter Ended December 31, 2025 As Per Indas
30 Jan - Board meeting Feb 11, 2026 to consider Q3 (Dec 31, 2025) unaudited IndAS results; trading window closes Feb 13.
30 Jan - Board meeting Feb 11, 2026 to consider Q3 (Dec 31, 2025) unaudited IndAS results; trading window closes Feb 13.
Closure of Trading Window
20 Mar - Trading window closed from April 1, 2026 until 48 hours after board meeting for FY2025-26 audited results.
20 Mar - Trading window closed from April 1, 2026 until 48 hours after board meeting for FY2025-26 audited results.
Closure of Trading Window
17h - Trading window closed from April 1, 2026 until 48 hours after board meeting for FY2025-26 audited results.
17h - Trading window closed from April 1, 2026 until 48 hours after board meeting for FY2025-26 audited results.
Announcement under Regulation 30 (LODR)-Credit Rating
17h - CARE reaffirmed A+ (Stable)/A1+ for Rs169.65 crore bank facilities; long-term increased to Rs41.65 crore.
17h - CARE reaffirmed A+ (Stable)/A1+ for Rs169.65 crore bank facilities; long-term increased to Rs41.65 crore.
Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Feb - Newspaper Publication - Unaudited Financial Results for the third quarter ended December 31, 2025
12 Feb - Newspaper Publication - Unaudited Financial Results for the third quarter ended December 31, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11h - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended March 31, 2026
11h - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended March 31, 2026
Board Meeting Outcome for Submission Of Un-Audited Financial Results For The Third Quarter Ended December 31, 2025
11 Feb - Q3 FY26 unaudited results (31 Dec 2025): Total income Rs21,617.68 lakh; profit Rs350.39 lakh; limited review approved.
11 Feb - Q3 FY26 unaudited results (31 Dec 2025): Total income Rs21,617.68 lakh; profit Rs350.39 lakh; limited review approved.
Frequently Asked Questions about Igarashi Motors India Ltd
What does Igarashi Motors India Ltd do?
Igarashi Motors India Ltd is engaged in the production and export of Permanent Magnet DC Motors for the Automotive Sector especially for the passenger vehicle sector[1]
It was incorporated as CG Igarashi Motors Limited in 1992 as a JV between Crompton Greaves Ltd(India), Igarashi Electric Works L...
Where is Igarashi Motors India Ltd (IGARASHI) listed?
Igarashi Motors India Ltd is listed on the Indian stock exchanges. It is listed on NSE: IGARASHI and BSE: 517380. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Igarashi Motors India Ltd belong to?
Igarashi Motors India Ltd operates in the Consumer Discretionary sector within the Auto Components & Equipments industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Igarashi Motors India Ltd?
Igarashi Motors India Ltd has a market capitalisation of approximately ₹1115.79 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Igarashi Motors India Ltd?
The Price-to-Earnings (PE) ratio of Igarashi Motors India Ltd is 80.70. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Igarashi Motors India Ltd?
Over the past 52 weeks, Igarashi Motors India Ltd has traded between a low of ₹84.57 and a high of ₹136.15. This range helps investors understand the stock's price volatility and recent trading levels.
Does Igarashi Motors India Ltd pay dividends?
Yes, Igarashi Motors India Ltd has a dividend yield of 0.71%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
How can I research Igarashi Motors India Ltd on Tapetide?
On Tapetide, you can view Igarashi Motors India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Igarashi Motors India Ltd is engaged in the production and export of Permanent Magnet DC Motors for the Automotive Sector especially for the passenger vehicle sector[1] It was incorporated as CG Igarashi Motors Limited in 1992 as a JV between Crompton Greaves Ltd(India), Igarashi Electric Works Ltd, Japan, and International Components Corporation, USA. Over a period, IEWL consolidated its stake in the Company by acquiring a stake of exited JV Partners. [2]
Website igarashimotors.com
CEO Mr. Rajagopalan Chandrasekaran
Employees 760
Listed 2003-10-09
Face Value ₹ 10
Issued Size 3,14,75,048