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Igarashi Motors India Limited

Igarashi Motors India Limited

IGARASHI.NS
Igarashi Motors India LimitedIN flagNational Stock Exchange of India
471.05
INR
-20.60
- -
14.83BMarket Cap
Igarashi Motors India Limited
IGARASHI.NS
(National Stock Exchange of India)

Recent

price

471.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
85.94
117.22
126.73
140.87
112.04
129.37
147.66
208.13
188.37
166.42
165.31
171.68
202.05
224.43
266.43
275.18
275.5
Revenue per Share
3.31
7.22
9.31
17.99
14.24
18.5
21.9
30.26
18.24
9.5
8.14
0.38
1.66
3.04
7.68
3.86
3.86
Basic EPS, GAAP
-6.56
-6.3
13.52
12.11
11.22
6.41
13.86
-4.41
26.37
17.86
8.49
11.62
-0.64
-1.07
1.24
4.44
- -
Free Cash Flow per Basic Share
- -
- -
- -
1.19
1.78
7.51
1.58
7.7
7
5.87
1.19
1.5
- -
1
1
2.47
- -
Dividend per Share
8.9
8.9
8.9
32.97
32.35
46.01
66.3
81.99
93.47
96.59
104.07
94.29
95.89
97.8
103.81
10
10.01
Book Value per Share
35.38
43.55
53.28
84.37
72.28
84.43
105.85
125.57
133.98
130.94
135.73
136.26
136.68
140.15
145.06
145.38
145.54
Tangible Book Value per Share
23
23
23
26
34
34
34
31
31
31
31
31
31
31
31
31
31
Basic Weighted Avg Shares
1,968
2,685
2,908
3,612
3,851
4,450
5,079
6,551
5,929
5,238
5,203
5,404
6,359
7,064
8,384
8,659
8,659
Sales/Revenue/Turnover
8.72
11.51
13.57
14.3
15.69
19.79
19.7
18.37
13.18
6.83
5.84
0.77
2.88
3.71
5.19
2.97
2.97
Operating Margin (%)
105
124
134
157
188
190
220
379
399
425
447
445
472
491
515
570
570
Depreciation Expense
76
165
214
461
490
636
753
953
574
299
256
12
52
96
242
121
121
Net Income, GAAP
- -
6.89
27.26
20.97
31.68
34.63
33.69
32.38
33.18
7.85
21.05
48.58
42.45
31.03
25.65
26.45
26.45
Effective Tax Rate (%)
3.85
6.16
7.34
12.77
12.71
14.3
14.83
14.54
9.68
5.71
4.92
0.22
0.82
1.36
2.88
1.4
1.4
Profit Margin (%)
-117
71
225
1,153
1,498
1,457
1,902
484
542
525
919
930
959
988
625
323
323
Working Capital
150
414
452
373
417
224
85
432
405
352
212
363
330
403
257
249
249
LT Debt
834
1,012
1,227
2,193
2,510
2,920
3,652
3,988
4,296
4,229
4,393
4,383
4,395
4,470
4,656
4,666
4,666
Total Equity
- -
21.13
15.81
18.19
14.95
18.29
18.32
17.49
9.54
6.02
4.44
0.4
1.92
3.16
5.39
3.08
3.08
Return on Invested Capital (%)
- -
45.54
23.73
48.12
36.58
36.67
33.86
31.55
15.88
8.94
7.14
0.89
2.37
3.83
7.38
6.19
6.19
Return on Capital (%)
44.29
81.15
104.65
87.92
50.01
47.24
38.99
39.19
20.79
10
8.11
0.38
1.75
3.14
7.62
6.78
6.78
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,248
- -
1,198
LT Borrowings
67
- -
172
LT Finance Leases
118
- -
76
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
31
- -
31
Market Capitalization
15,710
13,734
8,595

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,362
- -
3,578
Cash, Cash Equivalents & STI
78
- -
45
Accounts Receivable, Net
1,922
- -
2,162
Inventories
1,140
- -
1,169
Total Current Liabilities
2,994
- -
3,255
Payables & Accruals
- -
- -
- -
ST Debt
1,248
- -
1,198
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.04%
1.23%
0.23%
Free Cash Flow
-75.55%
8.1%
256.98%
Net Income, GAAP
37.31%
86.05%
-49.74%
Sales/Revenue/Turnover
7.59%
10.92%
3.28%
Total Cash Common Dividend
- -
- -
146.66%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,682
1,784
1,738
1,859
7,064
2025
2,221
2,161
2,108
1,895
8,384
2026
2,047
2,191
2,161
2,260
8,659

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.45
0.46
0.49
- -
3.04
2025
2.59
2.48
1.64
0.97
7.68
2026
0.8
1.44
1.11
0.51
3.86

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
2.47
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Business
Igarashi Motors India Limited manufactures and sells permanent magnet DC motors, brushless DC (BLDC) motors, motor sub-assemblies, and related components primarily for the automotive sector and consumer electrical appliances; its core offerings include precision actuator DC motors for engine air management applications such as electronic throttle control (ETC), exhaust gas recirculation (EGR), crankcase ventilation (CCV), variable geometry turbo (VGT), and wastegate actuators (WGA), as well as safety applications like electric parking brake (EPB), park lock actuators (PLA), electric vacuum pumps (EVP), and gearbox actuators (GBA), vehicle body systems including trunk opening and closing devices (TOCD), and sub-assemblies for seat adjustment, window lift, wipers, fuel pumps, and coolant control hubs; the company also produces BLDC ceiling fan motors with driver electronics (ESDM), printed circuit boards (PCBs), and emerging EV traction motors for two- and three-wheelers. Founded in 1992 and headquartered in Chennai, Tamil Nadu, India, with manufacturing facilities in MEPZ-SEZ Tambaram and Maraimalai Nagar, Igarashi Motors operates through automotive (80% of revenue) and non-automotive segments, exporting over 50% of production to the United States, Japan, Germany, and Hong Kong while serving domestic markets; it functions as a subsidiary of Agile Electric Sub Assembly Private Limited, backed by the Igarashi Group of Japan. Recent developments include the launch of a new assembly line for TOCD motors, industrialization of advanced winding processes for internal BLDC stators in premium passenger vehicle coolant pumps, and serial production of a new body systems program for the global passenger vehicle market in FY2025; the company expanded partnerships with global and Korean Tier-1 suppliers for EPB, seat, and safety applications targeting 20-25 million motors over 4-5 years, achieved 22% market share in BLDC ceiling fans with 3.2 million units supplied, implemented innovative automation and a 400 KW solar power system to boost manufacturing efficiency and renewable energy to 64%, and reported an 81% profit rise in Q2 FY2025 alongside planned capex of ₹47 crore funded internally.