Igarashi Motors India
- P/E
- 73.98
Key Fundamentals
MicrocapAuto ComponentsConsumer DiscretionaryPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 4.58%
- Debt to Equity
- 0.31
- EPS (TTM)
- ₹5.21
- Book Value
- ₹148.25
- Market Cap
- —
- P/E (TTM)
- 73.98
- P/B
- 2.60
- ROE
- 2.61%
- Dividend Yield
- 0.35%
- EBITDA
- ₹84.50 Cr
- 52W High
- ₹537.90
- 52W Low
- ₹271.05
- Day Range
- ₹366.05 – ₹389.80
- Volume
- 76,735
Peer Comparison
Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments
| ₹159.49 | 38.43 | ₹1,68,660 Cr | 3.98 | 0.37% | 11.20% | 13.40% | ₹1,31,135 Cr | ₹4,556 Cr | |
| ₹50,925.00 | 63.56 | ₹1,48,351 Cr | 10.11 | 0.54% | 14.60% | 21.50% | ₹21,088 Cr | ₹2,363 Cr | |
| ₹1,812.80 | 122.74 | ₹86,739 Cr | 7.65 | 0.48% | 12.00% | 12.60% | ₹17,543 Cr | ₹715 Cr | |
| ₹1,196.90 | 57.49 | ₹67,494 Cr | 10.13 | 0.24% | 19.30% | 19.60% | ₹20,725 Cr | ₹1,291 Cr | |
| ₹893.70 | 74.48 | ₹56,293 Cr | 8.70 | 0.38% | 11.70% | 15.10% | ₹4,514 Cr | ₹746 Cr | |
| ₹3,507.20 | 42.47 | ₹55,555 Cr | 8.92 | 0.99% | 20.80% | 27.90% | ₹10,192 Cr | ₹1,292 Cr | |
| ₹2,250.50 | 71.81 | ₹42,644 Cr | 5.62 | 0.16% | 9.95% | 17.10% | ₹23,754 Cr | ₹1,109 Cr | |
| Igarashi Motors (this company) | ₹385.45 | 73.98 | ₹1,167 Cr | 2.60 | 0.35% | 2.61% | 4.58% | ₹912 Cr | ₹16 Cr |
| Median 8 companies | ₹1,504.85 | 67.69 | ₹61,893 Cr | 8.18 | 0.38% | 11.85% | 16.10% | ₹19,134 Cr | ₹1,200 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 50
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 36
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 46
- Average
- Sales & profit trajectory 9% weight
- Financial Health
- 44
- Weak
- Solvency, leverage, coverage 9% weight
- Momentum
- 35
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 32
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company has been maintaining a healthy dividend payout of 33.0%
- Company's working capital requirements have reduced from 23.5 days to 12.2 days
Weaknesses
4- Stock is trading at 2.66 times its book value
- The company has delivered a poor sales growth of 10.2% over past five years.
- Company has a low return on equity of 3.36% over last 3 years.
- Company might be capitalizing the interest cost
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 8 | 6 | 5 |
| Oscillators | Bearish | 2 | 6 | 1 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Bearish
Overall
Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 49.75
- Neutral
- MACD (12,26,9)
- −11.37
- Bullish
- SMA (50)
- 403.79
- Bearish
- SMA (200)
- 396.09
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +6.88% |
|---|---|
| 5Y | +10.19% |
| 3Y | +9.70% |
| 1Y | +3.34% |
| TTM | +11.09% |
Net profit
| 10Y | −15.41% |
|---|---|
| 5Y | −14.33% |
| 3Y | +33.89% |
| 1Y | −50.00% |
| TTM | −11.45% |
Operating cash flow
| 10Y | +3.92% |
|---|---|
| 5Y | +18.05% |
| 3Y | +40.35% |
| 1Y | 0.00% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −14.69 pp |
|---|---|
| 5Y | −4.30 pp |
| 3Y | +0.28 pp |
| 1Y | −1.88 pp |
| TTM | −1.27 pp |
Revenue by year
| Mar 2017 | ₹516 Cr |
|---|---|
| Mar 2018 | ₹671 Cr |
| Mar 2019 | ₹606 Cr |
| Mar 2020 | ₹534 Cr |
| Mar 2021 | ₹533 Cr |
| Mar 2022 | ₹556 Cr |
| Mar 2023 | ₹656 Cr |
| Mar 2024 | ₹725 Cr |
| Mar 2025 | ₹838 Cr |
| Mar 2026 | ₹866 Cr |
Net profit by year
| Mar 2017 | ₹75.00 Cr |
|---|---|
| Mar 2018 | ₹95.00 Cr |
| Mar 2019 | ₹57.00 Cr |
| Mar 2020 | ₹30.00 Cr |
| Mar 2021 | ₹26.00 Cr |
| Mar 2022 | ₹1.00 Cr |
| Mar 2023 | ₹5.00 Cr |
| Mar 2024 | ₹10.00 Cr |
| Mar 2025 | ₹24.00 Cr |
| Mar 2026 | ₹12.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 168 | 178 | 174 | 205 | 222 | 216 | 211 | 189 | 205 | 219 | 216 | 226 | 251 |
| Expenses | 152 | 161 | 156 | 182 | 197 | 190 | 187 | 170 | 185 | 196 | 196 | 207 | 226 |
| Operating Profit | 16.21 | 17.33 | 17.29 | 22.44 | 25.32 | 26.28 | 23.74 | 19.71 | 19.61 | 23.47 | 20.4 | 19.27 | 24.52 |
| OPM % | 9.63% | 9.71% | 9.95% | 10.97% | 11.4% | 12.16% | 11.26% | 10.4% | 9.58% | 10.71% | 9.44% | 8.53% | 9.77% |
| Other Income | 0.9 | 0.46 | 0.73 | 0.34 | 1.37 | 0.33 | 0.37 | 0.31 | 0.8 | 0.14 | 0.08 | 0.75 | 0.97 |
| Interest | 3.07 | 3.38 | 3.51 | 2.78 | 3.38 | 3.55 | 3.83 | 2.63 | 3.17 | 3.26 | 2.09 | 2.48 | 2.63 |
| Depreciation | 12.12 | 12.41 | 12.41 | 12.13 | 12.39 | 12.64 | 13.12 | 13.39 | 13.87 | 14.18 | 14.17 | 14.78 | 15.7 |
| PBT | 1.92 | 2 | 2.1 | 7.86 | 10.92 | 10.43 | 7.16 | 4 | 3.37 | 6.18 | 4.22 | 2.75 | 7.16 |
| Tax % | 26.04% | 27% | 25.71% | 34.69% | 25.27% | 25.34% | 28.07% | 23.5% | 25.22% | 26.58% | 17.06% | 42.03% | 5.45% |
| Net Profit | 1.43 | 1.46 | 1.56 | 5.14 | 8.16 | 7.79 | 5.16 | 3.06 | 2.51 | 4.54 | 3.5 | 1.59 | 6.77 |
| EPS (₹) | 0.45 | 0.46 | 0.5 | 1.63 | 2.59 | 2.47 | 1.64 | 0.97 | 0.8 | 1.44 | 1.11 | 0.51 | 2.15 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 385 | 445 | 516 | 671 | 606 | 534 | 533 | 556 | 656 | 725 | 838 | 866 | 912 |
| Expenses | 305 | 337 | 394 | 513 | 490 | 456 | 458 | 509 | 595 | 650 | 743 | 783 | 824 |
| Operating Profit | 80 | 108 | 122 | 158 | 117 | 78 | 74 | 47 | 61 | 75 | 96 | 83 | 88 |
| OPM % | 21% | 24% | 24% | 24% | 19% | 15% | 14% | 8% | 9% | 10% | 11% | 10% | 10% |
| Other Income | 17 | 14 | 17 | 34 | 25 | 12 | 10 | 7 | 8 | 2 | 2 | 2 | 2 |
| Interest | 7 | 6 | 4 | 13 | 16 | 15 | 7 | 7 | 13 | 13 | 13.39 | 11 | 10 |
| Depreciation | 19 | 19 | 22 | 38 | 40 | 43 | 45 | 44 | 47 | 49 | 52 | 57 | 59 |
| PBT | 72 | 97 | 114 | 141 | 86 | 32 | 32 | 2 | 9 | 14 | 33 | 17 | 20 |
| Tax % | 32% | 35% | 34% | 32% | 33% | 8% | 21% | 48% | 42% | 31% | 26% | 26% | — |
| Net Profit | 49 | 64 | 75 | 95 | 57 | 30 | 26 | 1 | 5 | 10 | 24 | 12 | 16 |
| EPS (₹) | 14.23 | 18.5 | 21.9 | 27.69 | 18.24 | 9.5 | 8.14 | 0.38 | 1.66 | 3.04 | 7.68 | 3.86 | 5.21 |
| Div. Payout % | 28% | 26% | 27% | 19% | 27% | 13% | 18% | 0% | 60% | 33% | 33% | 34% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 220 | 264 | 335 | 368 | 398 | 391 | 408 | 407 | 408 | 416 | 434 | 435 |
| Borrowings | 58 | 44 | 22 | 140 | 118 | 124 | 95 | 100 | 121 | 138 | 151 | 145 |
| Other Liabilities | 132 | 133 | 117 | 266 | 122 | 126 | 165 | 138 | 166 | 189 | 158 | 223 |
| Total Liabilities | 440 | 471 | 504 | 805 | 670 | 673 | 700 | 677 | 726 | 774 | 775 | 834 |
| Fixed Assets | 121 | 138 | 158 | 320 | 383 | 394 | 370 | 378 | 379 | 366 | 391 | 413 |
| CWIP | 1 | 12 | 3 | 44 | 23 | 11 | 10 | 11 | 13 | 35 | 43 | 53 |
| Investments | 26 | 34 | 174 | 50 | 34 | 28 | 1 | 21 | 17 | 16 | 17 | 1 |
| Other Assets | 292 | 288 | 169 | 391 | 231 | 240 | 320 | 267 | 318 | 357 | 323 | 367 |
| Total Assets | 440 | 471 | 504 | 805 | 670 | 673 | 700 | 677 | 726 | 774 | 775 | 834 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 59 | 64 | 82 | 94 | 164 | 90 | 41 | 73 | 34 | 50 | 94 | 94 |
| Investing | −14 | 20 | −159 | −69 | −104 | −41 | 6 | −55 | −32 | −51 | −90 | −63 |
| Financing | −6 | −49 | −29 | −27 | −59 | −49 | −38 | −24 | −4 | 0 | −5 | −30 |
| Net Cash Flow | 39 | 34 | −106 | −1 | 0 | 0 | 9 | −6 | −1 | −1 | −1 | 0 |
| Free Cash Flow | 39 | 22 | 48 | −14 | 84 | 56 | 27 | 37 | −2 | −3 | 4 | 14 |
| CFO/EBITDA | 102 | 89 | 96 | 86 | 162 | 130 | 54 | 169 | 53 | 73 | 109 | 119 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 70 | 73 | 92 | 85 | 94 | 114 | 88 | 98 | 104 | 76 | 91 |
| Inventory Days | 51 | 47 | 54 | 62 | 67 | 89 | 115 | 81 | 91 | 86 | 75 | 75 |
| Days Payable | 105 | 94 | 110 | 92 | 87 | 113 | 139 | 92 | 95 | 103 | 74 | 106 |
| Cash Conversion Cycle | 20 | 24 | 17 | 61 | 66 | 69 | 91 | 77 | 94 | 87 | 76 | 61 |
| Working Capital Days | 56 | 12 | 26 | −40 | 23 | 20 | 53 | 43 | 41 | 40 | 19 | 12 |
| ROCE % | 27% | 32% | 32% | 33% | 19% | 9% | 7% | 2% | 4% | 5% | 8% | 5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Igarashi Motors insights
67 extracted metrics across FY10–FY27.
Documents
- Concall · Aug 2024Recording
- Q1 FY18 concall · Aug 2017Transcript
- Q3 FY17 concall · Feb 2017Transcript
- Q2 FY17 concall · Nov 2016Transcript
- Q1 FY17 concall · Aug 2016Transcript
- 30 Mar 2026
- 4 Mar 2025
- 7 Feb 2024
- 6 Mar 2023
- 12 Mar 2021
- General announcements 8 Oct 2026
Frequently Asked Questions about Igarashi Motors India
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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 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.
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