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Igarashi Motors

  • Market Cap: Small Cap
  • Industry: Auto Ancillary
  • ISIN: INE188B01013
  • NSEID: IGARASHI
  • BSEID: 517380
INR
444.85
24.45 (5.82%)
BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 45.92 k

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  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

435.00458.45

52 Week

401.65848.00
Valuation
Technical
Day's Volume

CASH

45.92 k (-14.20%) Volume

Shareholding (Dec 2024)

FII

1.30%

Held by 20 FIIs

DII

1.79%

Held by 0 DIIs

Promoter

75.00%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

Poor long term growth as Net Sales has grown by an annual rate of 8.86% and Operating profit at 1.87% over the last 5 years

 
2

Stock is technically in a Bearish range

3

With ROCE of 7.1, it has a Expensive valuation with a 2.5 Enterprise value to Capital Employed

4

Despite the size of the company, domestic mutual funds hold only 0.69% of the company

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Auto Ancillary

stock-summary
Market cap

INR 1,400 Cr (Small Cap)

stock-summary
P/E

50.00

stock-summary
Industry P/E

28

stock-summary
Dividend Yield

0.24%

stock-summary
Debt Equity

0.28

stock-summary
Return on Equity

5.71%

stock-summary
Price to Book

2.88

Revenue and Profits (1 Year):
Net Sales:
211 Cr
(Quarterly Results - Dec 2024)
Net Profit:
5 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0.24%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-30.64%
0%
-30.64%
1 Year
-1.12%
0.19%
-0.93%
2 Years
14.64%
0.53%
15.17%
3 Years
10.02%
0.68%
10.7%
4 Years
32.69%
0.75%
33.44%
5 Years
117.42%
2.29%
119.71%

Latest dividend: 1 per share ex-dividend date: Jul-31-2024

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
8.86%
EBIT Growth (5y)
1.87%
EBIT to Interest (avg)
2.01
Debt to EBITDA (avg)
1.77
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
1.12
Tax Ratio
27.83%
Dividend Payout Ratio
32.88%
Pledged Shares
0
Institutional Holding
3.09%
ROCE (avg)
3.94%
ROE (avg)
3.82%
Valuation key factors
Factor
Value
P/E Ratio
50
Industry P/E
28
Price to Book Value
2.88
EV to EBIT
30.57
EV to EBITDA
14.85
EV to Capital Employed
2.47
EV to Sales
1.70
PEG Ratio
0.43
Dividend Yield
0.24%
ROCE (Latest)
7.10%
ROE (Latest)
5.71%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 2 Schemes (0.17%)

FIIs

Held by 20 FIIs (1.3%)

Promoter with highest holding

Agile Electric Sub Assembly Pvt Ltd (54.46%)

Highest Public shareholder

Ginni Finance Pvt. Ltd. (1.5%)

Individual Investors Holdings

16.65%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Dec'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -2.44% vs -2.70% in Sep 2024",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -33.76% vs -4.53% in Sep 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "210.80",
          "val2": "216.07",
          "chgp": "-2.44%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "23.73",
          "val2": "26.28",
          "chgp": "-9.70%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "3.83",
          "val2": "3.55",
          "chgp": "7.89%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "5.16",
          "val2": "7.79",
          "chgp": "-33.76%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.26%",
          "val2": "12.16%",
          "chgp": "-0.90%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is 26.38% vs 9.59% in Sep 2023",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is 453.82% vs 177.01% in Sep 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "438.14",
          "val2": "346.69",
          "chgp": "26.38%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "51.60",
          "val2": "33.53",
          "chgp": "53.89%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "6.93",
          "val2": "6.45",
          "chgp": "7.44%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "15.95",
          "val2": "2.88",
          "chgp": "453.82%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.78%",
          "val2": "9.67%",
          "chgp": "2.11%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 24.69% vs 7.68% in Dec 2023",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 375.45% vs 285.00% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "648.94",
          "val2": "520.44",
          "chgp": "24.69%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "75.33",
          "val2": "50.82",
          "chgp": "48.23%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "10.76",
          "val2": "9.96",
          "chgp": "8.03%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "21.11",
          "val2": "4.44",
          "chgp": "375.45%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.61%",
          "val2": "9.76%",
          "chgp": "1.85%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 10.48% vs 17.95% in Mar 2023",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is 82.63% vs 340.34% in Mar 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "725.04",
          "val2": "656.25",
          "chgp": "10.48%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "74.08",
          "val2": "60.39",
          "chgp": "22.67%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "12.75",
          "val2": "12.14",
          "chgp": "5.02%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "9.57",
          "val2": "5.24",
          "chgp": "82.63%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "10.22%",
          "val2": "9.20%",
          "chgp": "1.02%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Standalone) - Dec'24 - QoQstock-summary
Dec'24
Sep'24
Change(%)
Net Sales
210.80
216.07
-2.44%
Operating Profit (PBDIT) excl Other Income
23.73
26.28
-9.70%
Interest
3.83
3.55
7.89%
Exceptional Items
0.00
0.00
Standalone Net Profit
5.16
7.79
-33.76%
Operating Profit Margin (Excl OI)
11.26%
12.16%
-0.90%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2024 is -2.44% vs -2.70% in Sep 2024

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2024 is -33.76% vs -4.53% in Sep 2024

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Standalone) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
438.14
346.69
26.38%
Operating Profit (PBDIT) excl Other Income
51.60
33.53
53.89%
Interest
6.93
6.45
7.44%
Exceptional Items
0.00
0.00
Standalone Net Profit
15.95
2.88
453.82%
Operating Profit Margin (Excl OI)
11.78%
9.67%
2.11%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 26.38% vs 9.59% in Sep 2023

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2024 is 453.82% vs 177.01% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Standalone) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
648.94
520.44
24.69%
Operating Profit (PBDIT) excl Other Income
75.33
50.82
48.23%
Interest
10.76
9.96
8.03%
Exceptional Items
0.00
0.00
Standalone Net Profit
21.11
4.44
375.45%
Operating Profit Margin (Excl OI)
11.61%
9.76%
1.85%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is 24.69% vs 7.68% in Dec 2023

Direction Arrows
Standalone Net Profit

YoY Growth in nine months ended Dec 2024 is 375.45% vs 285.00% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Standalone) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
725.04
656.25
10.48%
Operating Profit (PBDIT) excl Other Income
74.08
60.39
22.67%
Interest
12.75
12.14
5.02%
Exceptional Items
0.00
0.00
Standalone Net Profit
9.57
5.24
82.63%
Operating Profit Margin (Excl OI)
10.22%
9.20%
1.02%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is 10.48% vs 17.95% in Mar 2023

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2024 is 82.63% vs 340.34% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About Igarashi Motors India Ltd stock-summary
stock-summary
Igarashi Motors India Ltd
Small Cap
Auto Ancillary
Igarashi Motors India Limited incorporated in January, 1992 is engaged in the production and export of Permanent Magnet DC Motors for Powertrain and seat applications and motor accessories for the automotive sector. The company came out with a Rs 2.77-cr public issue in Jan.'94 to part-finance a 100% EOU to manufacture permanent magnet DC micro motors. Total project cost was at Rs 10 cr. The Company commenced its journey as a humble contract manufacturer in 1996.
Company Coordinates stock-summary
Company Details
Plots No B-12 to B-15 Phase II, MEPZ-SEZ Tambaram Chennai Tamil Nadu : 600045
stock-summary
Tel: 91-044-22628199/42298199
stock-summary
http://www.igusa.com
stock-summary
investorservices@igarashimtors.co.i
Registrar Details
Cameo Corporate Services Ltd , Subramanian Buildings No 1 , Club House Road, Chennai
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