Igarashi Motors India Ltd

Igarashi Motors India is primarily engaged in the manufacture of micro motors and its accessories mainly for the automotive sector.(Source : 201903 Annual Report Page No: 91)

  • Market Cap: 874.53 Cr.
  • Current Price: 277.85
  • 52 weeks High / Low 416.40 / 149.55
  • Book Value: 134.34
  • Stock P/E: 65.90
  • Dividend Yield: 1.76 %
  • ROCE: 18.71 %
  • ROE: 13.86 %
  • Sales Growth (3Yrs): 10.85 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company has reduced debt.
Company has been maintaining a healthy dividend payout of 24.34%
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 10.91% over past five years.

Peer comparison Sector: Auto Ancillaries // Industry: Auto Ancillaries

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
115 150 157 162 173 129 142 131 138 147 118 46
87 119 117 125 136 108 122 112 114 126 105 48
Operating Profit 27 32 40 37 37 21 20 19 24 21 13 -3
OPM % 24% 21% 25% 23% 21% 16% 14% 15% 17% 14% 11% -6%
Other Income 6 10 11 8 8 6 3 3 2 3 2 1
Interest 0 3 3 3 5 3 3 3 3 3 5 2
Depreciation 6 9 11 10 11 10 9 10 11 11 10 11
Profit before tax 26 30 37 32 29 14 11 9 12 11 0 -14
Tax % 38% 31% 34% 34% 32% 33% 33% 34% 35% -27% -2,311% 26%
Net Profit 16 20 25 21 20 10 7 6 8 14 2 -11
EPS in Rs 4.76 5.79 6.95 5.91 6.28 3.04 2.25 1.94 2.57 4.30 0.69 -3.34
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
274 258 159 197 269 291 361 385 445 516 671 606 448
271 309 139 168 225 237 292 305 337 394 513 490 393
Operating Profit 3 -51 19 29 43 54 69 80 108 122 158 117 55
OPM % 1% -20% 12% 15% 16% 19% 19% 21% 24% 24% 24% 19% 12%
Other Income 34 17 1 0 1 2 18 17 14 17 34 25 10
Interest 13 17 10 12 15 14 13 7 6 4 13 16 13
Depreciation 11 8 6 11 11 13 16 19 19 22 38 40 43
Profit before tax 12 -59 4 7 18 29 58 72 97 114 141 86 9
Tax % 22% -3% 28% -7% 7% 27% 21% 32% 35% 34% 32% 33%
Net Profit 10 -60 3 8 17 21 46 49 64 75 95 57 13
EPS in Rs 3.31 7.22 9.33 11.72 13.44 17.50 21.62 27.69 18.24 4.22
Dividend Payout % 22% -0% 0% 0% 0% 0% 20% 28% 26% 27% 19% 27%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:8.92%
5 Years:10.91%
3 Years:10.85%
TTM:-22.03%
Compounded Profit Growth
10 Years:10.75%
5 Years:7.77%
3 Years:-3.40%
TTM:-68.81%
Stock Price CAGR
10 Years:16.09%
5 Years:-15.58%
3 Years:-32.69%
1 Year:29.90%
Return on Equity
10 Years:20.52%
5 Years:20.85%
3 Years:20.25%
Last Year:13.86%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
14 14 14 20 20 20 30 31 31 31 31 31 31
Reserves 69 9 12 63 81 102 189 220 264 335 368 398 391
Borrowings 132 101 70 61 84 78 51 58 44 22 140 118 88
85 56 61 61 63 70 89 132 133 117 266 122 162
Total Liabilities 299 179 156 205 248 271 360 440 471 504 805 670 673
86 85 82 86 106 122 126 121 138 158 320 383 400
CWIP 16 6 4 1 6 3 1 1 12 3 44 23 5
Investments 10 12 14 29 29 29 21 26 34 174 50 34 28
187 76 56 90 107 117 212 292 288 169 391 231 240
Total Assets 299 179 156 205 248 271 360 440 471 504 805 670 673

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-61 25 41 -1 24 59 45 59 64 82 94 164
19 15 -3 -27 -37 -42 -30 -14 20 -159 -69 -104
43 -46 -39 30 13 -18 20 -6 -49 -29 -27 -59
Net Cash Flow 0 -6 -1 2 0 -1 35 39 34 -106 -1 0

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % -4% -33% 12% 16% 20% 22% 27% 27% 32% 32% 33% 19%
Debtor Days 89 46 52 56 77 78 70 74 70 73 92 85
Inventory Turnover 6.92 9.30 7.66 8.49 10.54 9.79 10.22 8.35 8.05 7.80 7.08 5.65

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
75.00 75.00 75.00 77.12 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
5.23 5.38 5.45 5.19 5.78 5.89 5.31 4.78 3.60 1.24 1.36 1.35
6.07 6.92 6.43 6.59 7.62 7.83 7.70 6.75 7.47 8.39 9.24 8.36
13.70 12.70 13.12 11.10 11.60 11.28 11.99 13.47 13.93 15.37 14.40 15.29