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 ₹ 1,616 Cr.
- Current Price ₹ 509
- High / Low ₹ 849 / 402
- Stock P/E
- Book Value ₹
- Dividend Yield 0.20 %
- ROCE %
- ROE %
- 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.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
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% |
| 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: | 15% |
| 3 Years: | 12% |
| 1 Year: | 13% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
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 |
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 % |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
5 Mar - Credit rating reaffirmed for bank facilities by CARE Ratings.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Feb
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
19 Feb - Postal ballot notice for re-appointment of director.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Feb
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Re-Appointment Of Independent Woman Director -Reg
11 Feb - Re-appointment of Independent Woman Director for 5 years.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from nse
Concalls
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Aug 2024TranscriptNotesPPTREC
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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.