Igarashi Motors India Ltd
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]
- Market Cap ₹ 1,339 Cr.
- Current Price ₹ 426
- High / Low ₹ 558 / 271
- Stock P/E
- Book Value ₹
- Dividend Yield 0.30 %
- ROCE %
- ROE -6.68 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.13.7 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | |
|---|---|
| 176 | |
| 176 | |
| Operating Profit | -0 |
| OPM % | -0.2% |
| 14 | |
| Interest | 6 |
| Depreciation | 6 |
| Profit before tax | 2 |
| Tax % | 26% |
| 1 | |
| EPS in Rs | |
| Dividend Payout % | 194% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -4% |
| 3 Years: | -9% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | |
|---|---|
| Equity Capital | 14 |
| Reserves | 57 |
| 62 | |
| 54 | |
| Total Liabilities | 187 |
| 72 | |
| CWIP | 14 |
| Investments | 2 |
| 99 | |
| Total Assets | 187 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | |
|---|---|
| -25 | |
| -26 | |
| 65 | |
| Net Cash Flow | 13 |
| Free Cash Flow | -58 |
| CFO/OP | 7,788% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | |
|---|---|
| Debtor Days | 97 |
| Inventory Days | 78 |
| Days Payable | 0 |
| Cash Conversion Cycle | 175 |
| Working Capital Days | 74 |
| ROCE % |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Export revenue share % of sales ・Standalone data |
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| Largest customer (Customer A) revenue share % of total revenue ・Standalone data |
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| Non-auto (BLDC) revenue share % of total revenue ・Standalone data |
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| Motor sales volume Million motors ・Standalone data |
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| Installed capacity of DC motors Million motors per year ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 34th AGM voting results filed; six resolutions passed, including ₹1.30 final dividend and Haruo Igarashi reappointment.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- Igarashi Motors held its 34th AGM; shareholders considered FY26 accounts, Rs.1.30 dividend, and routine resolutions.
- Outcome Of 34Th Annual General Meeting
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication pertaining to un-audited financial results for the first quarter ended June 30, 2026
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Board Meeting Outcome for Submission Of Un-Audited Financial Results For First Quarter Ended June 30, 2026
- Igarashi Motors approved Q1 FY27 results on Aug 6, 2026; profit rose to ₹676.69 lakh.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
from bse
Concalls
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Aug 2024TranscriptPPTREC
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Aug 2017TranscriptPPT
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Feb 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
Business Overview[1]
The company started as a contract manufacturer in 1992, and ventured into the design and development of critical automotive applications since 2000. IMIL has developed an actuator motor, a type of DC motor, for the Electronic Throttle Control (ETC) application. IMIL has a presence in Tier-2, Tier-3 and Tier-4 of auto business, with vertically integrated operations in a single company.
The Igarashi group of Japan- a global player in DC motors, along with its subsidiaries holds the majority stake in IMIL, and the India operations are overseen by a professional board.