IGARASHIConsumer Discretionary

Igarashi Motors India Limited

Auto Components & Equipments · ISIN INE188B01013 · BSE 517380 · NSE EQ · FV ₹10
Last price
₹429
+0.09%today
What this company does

Igarashi Motors India Limited operates in Auto Components & Equipments, part of the Consumer Discretionary sector. It booked ₹251 cr of revenue in its latest quarter (Q1 FY27) and kept 2.7% of sales as profit.

In the report:
57out of 100
Equitytale Health Score
Mixed

Healthier than 57% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
49

At close. Not part of the score.

Profitability & returns42

How much profit it earns on the money it employs

Balance sheet49

How much it owes, and whether earnings cover the interest

Cash quality76

Whether reported profit actually arrives as cash

Growth & consistency79

Whether sales and profit have grown, and how steadily

Valuation21

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 23% vs last year
Profit up 170% vs last year
Promoters hold 75%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 2.7% net margin
! Low 5.8% return on equity

What if I invest in IGARASHI?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹429 +0.09%
latest close · 2026-09-17
1-year return
-17.1%
52-wk low ₹25052-wk high ₹614
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio49.9High
LowAverageHigh
P/B ratio2.89Moderate
Below bookModerateHigh
EV / EBITDA14.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity5.8%Weak
WeakFairStrong ▸15%
Return on capital7.7%Weak
WeakFairStrong
Net margin2.7%Thin
ThinDecentStrong
EBITDA margin10.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.28Comfortable
LowModerateHigh ▸1
Interest cover3.7×Okay
RiskyOkayStrong ▸5×
Current ratio1.10Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,350 cr
Book value
₹148
EPS
₹2.15
latest quarter
Net debt
₹126 cr
owes more than its cash
Enterprise value
₹1,476 cr
EBITDA
₹102 cr
annualised
EBIT
₹39 cr
annualised
Operating margin
3.9%
Return on assets
3.2%
Earnings yield
2.01%
P/S
1.34
Sales / share
₹318.8
Tax rate
5.5%
Face value
₹10
Shares
3.1 cr
Working capital
₹32 cr
Current assets
₹358 cr
Current liabilities
₹326 cr
Delivery %
45.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹139₹182, midpoint ₹161

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹251 cr
Other Income₹96.9 L
Total Income₹252 cr
Cost of Materials₹165 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹4 cr
Employee Benefit Expense₹23 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹16 cr
Other Expenses₹34 cr
Total Expenses₹245 cr
Profit before Tax₹7 cr
Tax Expense₹39 L
Net Profit₹7 cr
Net margin on total income2.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹169 cr67.0%
Employee benefit expense₹23 cr9.3%
Finance costs₹3 cr1.0%
Depreciation & amortisation₹16 cr6.2%
Other expenses₹34 cr13.6%
Tax expense₹39 L0.2%
Profit for the period₹7 cr2.7%
Total income ₹252 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue216 cr226 cr251 cr
Total income216 cr227 cr252 cr
Expenses212 cr224 cr245 cr
Profit before tax4 cr3 cr7 cr
Tax71.7 L1 cr39 L
Net profit (owners' share)4 cr2 cr7 cr
Net margin (owners' share, on revenue)1.6%0.7%2.7%
EPS (₹)1.110.512.15
YoY (latest quarter): total income +22.5% · net profit +169.6%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹834 cr
Shareholder equity
₹467 cr
parent shareholders
Total debt
₹129 cr
Cash
₹3 cr
Cash flow · H1 FY26
Operating
₹46 cr
Investing
₹-20 cr
Financing
₹-23 cr
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹162₹1.71 L cr41.3
Bosch Limited₹47,735₹1.41 L cr49.8
Bharat Forge Limited₹1,919₹91,740 cr
UNO Minda Limited₹1,205₹69,583 cr58.8
Schaeffler India Limited₹3,991₹62,379 cr48.0
Tube Investments of India Limited₹2,599₹50,313 cr74.6
Sona BLW Precision Forgings Limited₹778₹48,388 cr67.1
Endurance Technologies Limited₹2,691₹37,849 cr38.7
Exide Industries Limited₹419₹35,581 cr25.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.30%
trailing 12 months
Dividend / share (TTM)
₹1.3
Last dividend
₹1.3
ex 31 Jul 2026
ActionDetailEx-date
Dividend₹1.3 / share31 Jul 2026
Dividend₹2.5 / share31 Jul 2025
Dividend₹1 / share31 Jul 2024
Dividend₹1 / share31 Jul 2023
Dividend₹1.5 / share29 Jul 2021
Dividend₹1.2 / share9 Sep 2020
Who owns it · 2026-06-30
No pledge
Promoter
75.0%
FII / Foreign
0.5%
DII / Domestic
3.6%
Retail / others
20.9%
Smart-money activity
Insider trades
SoldKEWAL KRISHANNOHRIA · -5,000 · ₹16.1 L22 Feb 21
BoughtIGARASHI ELECTRIC WORKS LTD · Promoters29.97 L · ₹80.6 cr28 Aug 19
BoughtAGILE ELECTRIC SUB ASSEMBLY PRIVATE LIMITED · Promoters36.62 L · ₹98.5 cr28 Aug 19
Bulk / block deals
SoldVINSUL MAKARDI LTD · NSE2.48 L @ ₹456.6615 Sep 26
BoughtVINSUL MAKARDI LTD · NSE2.48 L @ ₹456.0315 Sep 26
SoldSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE2.87 L @ ₹457.1115 Sep 26
Stake changes
SoldUTI Mutual Fund→ 4.97% · 24,13512 Dec 19
SoldUTI Mutual Fund→ 4.97% · 24,13512 Dec 19
SoldPadamanabhan Mukund · promoter→ 0.00% · 66.58 L28 Aug 19
Promoter pledges
ReleasedRelease by Axis Trustee Services ltd54.00 L · 21.15% held26 Aug 19
ReleasedRelease by Hero Fincop Ltd12.58 L · 4.00% held26 Aug 19
ReleasedReleased by Axis Trustee Services Ltd for creating the pledge in favour of Hero Fincorp Ltd6.26 L · 21.15% held22 Feb 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 7 Aug 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2026, and the Reports of the Board of Directors’ and Auditor’s Report thereon.
Backed by 100% of shareholders other than promotersneeded 50%
14.30 L votes for, 26 against · 0% of mutual funds and other big investors said no
2
Approval for payment of final Dividend of Rs. 1.30/- per Equity Share
Backed by 100% of shareholders other than promotersneeded 50%
14.30 L votes for, 140 against · 0% of mutual funds and other big investors said no
3
Appointment of Mr. Haruo Igarashi, [DIN 08587832], who retires by rotation and being eligible, seeks re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
14.30 L votes for, 278 against · 0% of mutual funds and other big investors said no
4
Approval for Material Related Party Transactions with Igarashi Electric Works Limited, Japan – operational transaction
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
14.24 L votes for, 6,076 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 3 named members
owning 75.0% between them · as of 2026-06-30
AGILE ELECTRIC SUB ASSEMBLY PVT LTD54.46%
IGARASHI ELECTRIC WORKS LIMITED12.59%
M S IGARASHI ELECTRIC WORKS H.K. LTD7.94%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.