Igarashi Motors India Ltd.
•2026-08-21
PROS
- Latest quarter profit grew 169.6% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 5.19x)
- Company has been maintaining a healthy dividend payout of 33.7%
- Working capital cycle has improved - days down from 27 to 14
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Company has a low return on equity of 3.4% over last 3 years
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on capital employed of 5.9%
- Company has delivered a poor profit growth of -13.9% over past five years
- Company's return on assets is weak at 1.5%
- Expensive relative to growth - PEG of 2.2
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ABB | 7400.00 | 52.48 | 156812.20 | 0.53 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| 2. | POWERINDIA | 33550.00 | 0.00 | 149540.28 | 0.02 | 2941.50 | 2135.18 | 24936.90 | 1586.18 | 28.73 | 14.58 |
| 3. | SIEMENS | 3880.10 | 42.19 | 138178.32 | 0.46 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| 4. | CGPOWER | 862.90 | 108.75 | 135945.59 | 0.15 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| 5. | ENRIN | 3483.60 | 0.00 | 124058.14 | 0.11 | 440.90 | 67.83 | 2485.60 | 39.28 | 40.19 | 23.56 |
| 6. | GVT&D | 4119.00 | 564.77 | 105465.57 | 0.24 | 3629.90 | 1146.53 | 18361.40 | 1280.42 | 75.51 | 25.10 |
| 7. | HAVELLS | 1278.00 | 49.11 | 80202.38 | 0.78 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| 8. | WAAREEENER | 2688.00 | 20.26 | 77320.68 | 0.15 | 891.87 | 15.39 | 7931.79 | 79.22 | 34.71 | 18.15 |
| 9. | APARINDS | 16607.65 | 58.86 | 69540.11 | 0.36 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 33.47 | 11.50 |
| 10. | SUZLON | 46.78 | 20.45 | 64302.09 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| 11. | SCHNEIDER | 1254.75 | 0.00 | 30001.58 | 0.00 | 12.44 | -69.84 | 651.36 | 4.78 | 31.01 | 5.23 |
| 12. | IGARASHI | 439.60 | 1288.65 | 1383.64 | 0.30 | 6.77 | 169.60 | 250.87 | 22.55 | 4.72 | 9.77 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 168 | 178 | 174 | 205 | 222 | 216 | 211 | 189 | 205 | 219 | 216 | 226 | 251 | |
| 152 | 161 | 156 | 182 | 197 | 190 | 187 | 170 | 185 | 196 | 196 | 207 | 245 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 |
| Interest | 3 | 3 | 4 | 3 | 3 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 3 |
| Depreciation | 12 | 12 | 12 | 12 | 12 | 13 | 13 | 13 | 14 | 14 | 14 | 15 | 16 |
| 2 | 2 | 2 | 8 | 11 | 10 | 7 | 4 | 3 | 6 | 4 | 3 | 7 | |
| Tax % | 25.52% | 27.14% | 25.71% | 34.73% | 25.27% | 25.22% | 27.93% | 23.50% | 25.30% | 26.54% | 17.06% | 42.03% | 5.45% |
| Net Profit | 1 | 1 | 2 | 5 | 8 | 8 | 5 | 3 | 3 | 5 | 4 | 2 | 7 |
| 0 | 0 | 0 | 2 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 0 | |
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 168
- 152
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 12
- 2
- Tax %
- 25.52%
- Net Profit
- 1
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 178
- 161
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 12
- 2
- Tax %
- 27.14%
- Net Profit
- 1
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 174
- 156
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 4
- Depreciation
- 12
- 2
- Tax %
- 25.71%
- Net Profit
- 2
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 205
- 182
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 12
- 8
- Tax %
- 34.73%
- Net Profit
- 5
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 222
- 197
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 12
- 11
- Tax %
- 25.27%
- Net Profit
- 8
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 216
- 190
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 13
- 10
- Tax %
- 25.22%
- Net Profit
- 8
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 211
- 187
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 13
- 7
- Tax %
- 27.93%
- Net Profit
- 5
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 189
- 170
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 13
- 4
- Tax %
- 23.50%
- Net Profit
- 3
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 205
- 185
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 14
- 3
- Tax %
- 25.30%
- Net Profit
- 3
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 219
- 196
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 14
- 6
- Tax %
- 26.54%
- Net Profit
- 5
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 216
- 196
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 14
- 4
- Tax %
- 17.06%
- Net Profit
- 4
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 226
- 207
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 15
- 3
- Tax %
- 42.03%
- Net Profit
- 2
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 251
- 245
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 16
- 7
- Tax %
- 5.45%
- Net Profit
- 7
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 516 | 671 | 606 | 534 | 533 | 556 | 656 | 725 | 838 | 866 | 912 | |
| 394 | 513 | 490 | 456 | 458 | 509 | 595 | 650 | 743 | 783 | 843 | |
| Operating Profit | 139 | 192 | 142 | 90 | 84 | 54 | 69 | 76 | 98 | 85 | — |
| OPM % | 27 | 29 | 23 | 17 | 16 | 10 | 11 | 11 | 12 | 10 | — |
| Other Income | 17 | 34 | 25 | 12 | 10 | 7 | 8 | 2 | 2 | 2 | 2 |
| Interest | 4 | 13 | 16 | 15 | 7 | 7 | 13 | 13 | 14 | 12 | 10 |
| Depreciation | 22 | 38 | 40 | 43 | 45 | 44 | 47 | 49 | 52 | 57 | 59 |
| 114 | 141 | 86 | 32 | 32 | 2 | 9 | 14 | 33 | 17 | 20 | |
| Tax % | 34 | 32 | 33 | 8 | 21 | 49 | 42 | 31 | 26 | 26 | 19 |
| Net Profit | 75 | 95 | 57 | 30 | 26 | 1 | 5 | 10 | 24 | 12 | 16 |
| EPS | 0 | 0 | 0 | 0 | 8 | 0 | 2 | 3 | 8 | 4 | — |
| Dividend Payout % | 27 | 19 | 27 | 13 | 18 | 0 | 60 | 33 | 33 | 34 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 25 | 31 | 18 | 10 | 8 | 0 | 2 | 3 | 8 | 4 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 25 | 31 | 18 | 10 | 8 | 0 | 2 | 3 | 8 | 4 | — |
- 516
- 394
- Operating Profit
- 139
- OPM %
- 27
- Other Income
- 17
- Interest
- 4
- Depreciation
- 22
- 114
- Tax %
- 34
- Net Profit
- 75
- EPS
- 0
- Dividend Payout %
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
- 671
- 513
- Operating Profit
- 192
- OPM %
- 29
- Other Income
- 34
- Interest
- 13
- Depreciation
- 38
- 141
- Tax %
- 32
- Net Profit
- 95
- EPS
- 0
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 31
- 606
- 490
- Operating Profit
- 142
- OPM %
- 23
- Other Income
- 25
- Interest
- 16
- Depreciation
- 40
- 86
- Tax %
- 33
- Net Profit
- 57
- EPS
- 0
- Dividend Payout %
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
- 534
- 456
- Operating Profit
- 90
- OPM %
- 17
- Other Income
- 12
- Interest
- 15
- Depreciation
- 43
- 32
- Tax %
- 8
- Net Profit
- 30
- EPS
- 0
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- 533
- 458
- Operating Profit
- 84
- OPM %
- 16
- Other Income
- 10
- Interest
- 7
- Depreciation
- 45
- 32
- Tax %
- 21
- Net Profit
- 26
- EPS
- 8
- Dividend Payout %
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- 556
- 509
- Operating Profit
- 54
- OPM %
- 10
- Other Income
- 7
- Interest
- 7
- Depreciation
- 44
- 2
- Tax %
- 49
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- 656
- 595
- Operating Profit
- 69
- OPM %
- 11
- Other Income
- 8
- Interest
- 13
- Depreciation
- 47
- 9
- Tax %
- 42
- Net Profit
- 5
- EPS
- 2
- Dividend Payout %
- 60
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- 725
- 650
- Operating Profit
- 76
- OPM %
- 11
- Other Income
- 2
- Interest
- 13
- Depreciation
- 49
- 14
- Tax %
- 31
- Net Profit
- 10
- EPS
- 3
- Dividend Payout %
- 33
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- 838
- 743
- Operating Profit
- 98
- OPM %
- 12
- Other Income
- 2
- Interest
- 14
- Depreciation
- 52
- 33
- Tax %
- 26
- Net Profit
- 24
- EPS
- 8
- Dividend Payout %
- 33
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- 866
- 783
- Operating Profit
- 85
- OPM %
- 10
- Other Income
- 2
- Interest
- 12
- Depreciation
- 57
- 17
- Tax %
- 26
- Net Profit
- 12
- EPS
- 4
- Dividend Payout %
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- 912
- 843
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 10
- Depreciation
- 59
- 20
- Tax %
- 19
- Net Profit
- 16
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 7%
- 5 Years:
- 10%
- 3 Years:
- 10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -15%
- 5 Years:
- -14%
- 3 Years:
- 32%
STOCK PRICE CAGR
- 10 Years:
- -4%
- 5 Years:
- -1%
- 3 Years:
- -5%
- 1 Year:
- -11%
RETURN ON EQUITY
- 10 Years:
- 9%
- 5 Years:
- 2%
- 3 Years:
- 3%
- Last Year:
- 3%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| 335 | 368 | 390 | 380 | 402 | 407 | 408 | 416 | 434 | 435 | |
| 0 | 62 | 78 | 82 | 68 | 60 | 84 | 84 | 110 | 104 | |
| Trade Payables | 90 | 91 | 80 | 97 | 122 | 93 | 114 | 137 | 110 | 164 |
| 49 | 253 | 91 | 82 | 76 | 86 | 89 | 106 | 90 | 100 | |
| Total Liabilities | 504 | 805 | 670 | 673 | 700 | 677 | 726 | 774 | 775 | 834 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 158 | 320 | 383 | 394 | 370 | 378 | 379 | 366 | 391 | 413 | |
| Capital Work in Progress | 3 | 42 | 19 | 5 | 6 | 10 | 10 | 35 | 39 | 50 |
| 174 | 50 | 34 | 28 | 1 | 21 | 17 | 16 | 17 | 1 | |
| 44 | 61 | 62 | 76 | 101 | 82 | 109 | 113 | 111 | 117 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 207 | 173 | 216 | |
| Cash & Bank | 10 | 106 | 3 | 3 | 13 | 7 | 5 | 5 | 3 | 3 |
| 115 | 226 | 170 | 166 | 209 | 179 | 206 | 31 | 39 | 34 | |
| Total Assets | 504 | 805 | 670 | 673 | 700 | 677 | 726 | 774 | 775 | 834 |
| Total Debt | 22 | 140 | 118 | 110 | 87 | 80 | 92 | 112 | 129 | 129 |
| Net Working Capital | 190 | 48 | 54 | 53 | 92 | 93 | 96 | 99 | 62 | 32 |
| Contingent Liabilities | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 5 | 5 | 0 |
| Book Value per Share | 119.30 | 130.28 | 134.04 | 130.81 | 137.64 | 139.25 | 139.65 | 142.01 | 147.91 | 148.25 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 22 | 140 | 118 | 110 | 87 | 80 | 92 | 112 | 129 | 129 |
| Net Working Capital | 190 | 48 | 54 | 53 | 92 | 93 | 96 | 99 | 62 | 32 |
| Contingent Liabilities | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 5 | 5 | 0 |
| Book Value per Share | 119.30 | 130.28 | 134.04 | 130.81 | 137.64 | 139.25 | 139.65 | 142.01 | 147.91 | 148.25 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
- Equity Capital
- 31
- 335
- 0
- Trade Payables
- 90
- 49
- Total Liabilities
- 504
- 158
- Capital Work in Progress
- 3
- 174
- 44
- 0
- Cash & Bank
- 10
- 115
- Total Assets
- 504
- Total Debt
- 22
- Net Working Capital
- 190
- Contingent Liabilities
- 1
- Book Value per Share
- 119.30
- Face Value
- 10.00
- Total Debt
- 22
- Net Working Capital
- 190
- Contingent Liabilities
- 1
- Book Value per Share
- 119.30
- Face Value
- 10.00
- Equity Capital
- 31
- 368
- 62
- Trade Payables
- 91
- 253
- Total Liabilities
- 805
- 320
- Capital Work in Progress
- 42
- 50
- 61
- 0
- Cash & Bank
- 106
- 226
- Total Assets
- 805
- Total Debt
- 140
- Net Working Capital
- 48
- Contingent Liabilities
- 1
- Book Value per Share
- 130.28
- Face Value
- 10.00
- Total Debt
- 140
- Net Working Capital
- 48
- Contingent Liabilities
- 1
- Book Value per Share
- 130.28
- Face Value
- 10.00
- Equity Capital
- 31
- 390
- 78
- Trade Payables
- 80
- 91
- Total Liabilities
- 670
- 383
- Capital Work in Progress
- 19
- 34
- 62
- 0
- Cash & Bank
- 3
- 170
- Total Assets
- 670
- Total Debt
- 118
- Net Working Capital
- 54
- Contingent Liabilities
- 1
- Book Value per Share
- 134.04
- Face Value
- 10.00
- Total Debt
- 118
- Net Working Capital
- 54
- Contingent Liabilities
- 1
- Book Value per Share
- 134.04
- Face Value
- 10.00
- Equity Capital
- 31
- 380
- 82
- Trade Payables
- 97
- 82
- Total Liabilities
- 673
- 394
- Capital Work in Progress
- 5
- 28
- 76
- 0
- Cash & Bank
- 3
- 166
- Total Assets
- 673
- Total Debt
- 110
- Net Working Capital
- 53
- Contingent Liabilities
- 1
- Book Value per Share
- 130.81
- Face Value
- 10.00
- Total Debt
- 110
- Net Working Capital
- 53
- Contingent Liabilities
- 1
- Book Value per Share
- 130.81
- Face Value
- 10.00
- Equity Capital
- 31
- 402
- 68
- Trade Payables
- 122
- 76
- Total Liabilities
- 700
- 370
- Capital Work in Progress
- 6
- 1
- 101
- 0
- Cash & Bank
- 13
- 209
- Total Assets
- 700
- Total Debt
- 87
- Net Working Capital
- 92
- Contingent Liabilities
- 0
- Book Value per Share
- 137.64
- Face Value
- 10.00
- Total Debt
- 87
- Net Working Capital
- 92
- Contingent Liabilities
- 0
- Book Value per Share
- 137.64
- Face Value
- 10.00
- Equity Capital
- 31
- 407
- 60
- Trade Payables
- 93
- 86
- Total Liabilities
- 677
- 378
- Capital Work in Progress
- 10
- 21
- 82
- 0
- Cash & Bank
- 7
- 179
- Total Assets
- 677
- Total Debt
- 80
- Net Working Capital
- 93
- Contingent Liabilities
- 0
- Book Value per Share
- 139.25
- Face Value
- 10.00
- Total Debt
- 80
- Net Working Capital
- 93
- Contingent Liabilities
- 0
- Book Value per Share
- 139.25
- Face Value
- 10.00
- Equity Capital
- 31
- 408
- 84
- Trade Payables
- 114
- 89
- Total Liabilities
- 726
- 379
- Capital Work in Progress
- 10
- 17
- 109
- 0
- Cash & Bank
- 5
- 206
- Total Assets
- 726
- Total Debt
- 92
- Net Working Capital
- 96
- Contingent Liabilities
- 0
- Book Value per Share
- 139.65
- Face Value
- 10.00
- Total Debt
- 92
- Net Working Capital
- 96
- Contingent Liabilities
- 0
- Book Value per Share
- 139.65
- Face Value
- 10.00
- Equity Capital
- 31
- 416
- 84
- Trade Payables
- 137
- 106
- Total Liabilities
- 774
- 366
- Capital Work in Progress
- 35
- 16
- 113
- 207
- Cash & Bank
- 5
- 31
- Total Assets
- 774
- Total Debt
- 112
- Net Working Capital
- 99
- Contingent Liabilities
- 5
- Book Value per Share
- 142.01
- Face Value
- 10.00
- Total Debt
- 112
- Net Working Capital
- 99
- Contingent Liabilities
- 5
- Book Value per Share
- 142.01
- Face Value
- 10.00
- Equity Capital
- 31
- 434
- 110
- Trade Payables
- 110
- 90
- Total Liabilities
- 775
- 391
- Capital Work in Progress
- 39
- 17
- 111
- 173
- Cash & Bank
- 3
- 39
- Total Assets
- 775
- Total Debt
- 129
- Net Working Capital
- 62
- Contingent Liabilities
- 5
- Book Value per Share
- 147.91
- Face Value
- 10.00
- Total Debt
- 129
- Net Working Capital
- 62
- Contingent Liabilities
- 5
- Book Value per Share
- 147.91
- Face Value
- 10.00
- Equity Capital
- 31
- 435
- 104
- Trade Payables
- 164
- 100
- Total Liabilities
- 834
- 413
- Capital Work in Progress
- 50
- 1
- 117
- 216
- Cash & Bank
- 3
- 34
- Total Assets
- 834
- Total Debt
- 129
- Net Working Capital
- 32
- Contingent Liabilities
- 0
- Book Value per Share
- 148.25
- Face Value
- 10.00
- Total Debt
- 129
- Net Working Capital
- 32
- Contingent Liabilities
- 0
- Book Value per Share
- 148.25
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 82 | 94 | 164 | 90 | 41 | 73 | 34 | 50 | 94 | 94 | |
| Cash from Investing | -159 | -69 | -104 | -41 | 6 | -55 | -32 | -51 | -90 | -63 |
| Cash from Financing | -29 | -27 | -59 | -49 | -38 | -24 | -4 | 0 | -5 | -30 |
| -106 | -1 | 0 | 0 | 9 | -6 | -1 | -1 | -1 | 0 | |
| Free Cash Flow | 82 | -155 | 92 | 50 | 24 | 15 | 7 | -7 | 22 | 11 |
| OCF / Net Profit | 1.09 | 0.99 | 2.86 | 3.02 | 1.59 | 61.15 | 6.50 | 5.26 | 3.88 | 7.72 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 92 | 26 | 188 | 89 | 60 | 48 |
| OCF / Net Profit | 1.09 | 0.99 | 2.86 | 3.02 | 1.59 | 61.15 | 6.50 | 5.26 | 3.88 | 7.72 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 92 | 26 | 188 | 89 | 60 | 48 |
- 82
- Cash from Investing
- -159
- Cash from Financing
- -29
- -106
- Free Cash Flow
- 82
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 0
- 94
- Cash from Investing
- -69
- Cash from Financing
- -27
- -1
- Free Cash Flow
- -155
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 0
- 164
- Cash from Investing
- -104
- Cash from Financing
- -59
- 0
- Free Cash Flow
- 92
- OCF / Net Profit
- 2.86
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.86
- Cumulative 5-Year FCF
- 0
- 90
- Cash from Investing
- -41
- Cash from Financing
- -49
- 0
- Free Cash Flow
- 50
- OCF / Net Profit
- 3.02
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.02
- Cumulative 5-Year FCF
- 0
- 41
- Cash from Investing
- 6
- Cash from Financing
- -38
- 9
- Free Cash Flow
- 24
- OCF / Net Profit
- 1.59
- Cumulative 5-Year FCF
- 92
- OCF / Net Profit
- 1.59
- Cumulative 5-Year FCF
- 92
- 73
- Cash from Investing
- -55
- Cash from Financing
- -24
- -6
- Free Cash Flow
- 15
- OCF / Net Profit
- 61.15
- Cumulative 5-Year FCF
- 26
- OCF / Net Profit
- 61.15
- Cumulative 5-Year FCF
- 26
- 34
- Cash from Investing
- -32
- Cash from Financing
- -4
- -1
- Free Cash Flow
- 7
- OCF / Net Profit
- 6.50
- Cumulative 5-Year FCF
- 188
- OCF / Net Profit
- 6.50
- Cumulative 5-Year FCF
- 188
- 50
- Cash from Investing
- -51
- Cash from Financing
- 0
- -1
- Free Cash Flow
- -7
- OCF / Net Profit
- 5.26
- Cumulative 5-Year FCF
- 89
- OCF / Net Profit
- 5.26
- Cumulative 5-Year FCF
- 89
- 94
- Cash from Investing
- -90
- Cash from Financing
- -5
- -1
- Free Cash Flow
- 22
- OCF / Net Profit
- 3.88
- Cumulative 5-Year FCF
- 60
- OCF / Net Profit
- 3.88
- Cumulative 5-Year FCF
- 60
- 94
- Cash from Investing
- -63
- Cash from Financing
- -30
- 0
- Free Cash Flow
- 11
- OCF / Net Profit
- 7.72
- Cumulative 5-Year FCF
- 48
- OCF / Net Profit
- 7.72
- Cumulative 5-Year FCF
- 48
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 24.61 | 31.12 | 18.24 | 9.50 | 8.14 | 0.38 | 1.66 | 3.04 | 7.68 | 3.86 |
| Book Value (₹) | 119.30 | 130.28 | 134.04 | 130.81 | 137.64 | 139.25 | 139.65 | 142.01 | 147.91 | 148.25 |
| Dividend per Share (₹) | 6.61 | 6.00 | 4.90 | 1.20 | 1.50 | 0.00 | 1.00 | 1.00 | 2.50 | 1.30 |
| Cash EPS (₹) | 31.80 | 43.51 | 30.93 | 23.02 | 22.34 | 14.51 | 16.65 | 18.64 | 24.05 | 21.97 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 26.95% | 28.59% | 23.36% | 16.84% | 15.76% | 9.71% | 10.53% | 10.29% | 11.40% | 9.62% |
| Net Margin % | 14.58% | 14.19% | 9.47% | 5.60% | 4.81% | 0.21% | 0.80% | 1.32% | 2.88% | 1.40% |
| ROE % | 22.84% | 24.94% | 13.99% | 7.18% | 6.06% | 0.27% | 1.19% | 2.16% | 5.30% | 2.61% |
| ROCE % | 32.29% | 33.27% | 18.71% | 8.78% | 7.42% | 1.82% | 4.18% | 4.98% | 8.05% | 4.72% |
| 15.45% | 14.56% | 7.79% | 4.45% | 3.73% | 0.17% | 0.75% | 1.28% | 3.12% | 1.51% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 67 | 74 | 94 | 95 | 104 | 99 | 86 | 96 | 83 | 82 |
| Inventory Days | 28 | 29 | 37 | 47 | 61 | 60 | 53 | 56 | 49 | 48 |
| Payable Days | 96 | 92 | 93 | 103 | 125 | 107 | 86 | 95 | 83 | 88 |
| -2 | 11 | 38 | 39 | 40 | 53 | 53 | 58 | 49 | 42 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.06x | 0.35x | 0.28x | 0.27x | 0.20x | 0.18x | 0.21x | 0.25x | 0.28x | 0.28x |
| Interest Coverage (x) | 32.99x | 11.74x | 6.46x | 3.16x | 5.73x | 1.32x | 1.71x | 2.04x | 3.33x | 2.42x |
| 2.65x | 1.14x | 1.30x | 1.27x | 1.42x | 1.51x | 1.41x | 1.37x | 1.24x | 1.10x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 16.06% | 29.97% | -9.69% | -11.84% | -0.29% | 4.42% | 17.94% | 10.48% | 15.64% | 3.28% |
| Operating Profit Growth % | 13.53% | 37.88% | -26.22% | -36.43% | -6.68% | -35.71% | 27.98% | 10.33% | 28.52% | -13.14% |
| Net Profit Growth % | 18.35% | 26.47% | -39.73% | -47.91% | -14.34% | -95.36% | 340.14% | 82.77% | 152.46% | -49.74% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 82.77% | 152.46% | -49.74% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 134.97x | 64.35x | 70.75x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.89x | 3.34x | 1.84x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.24% | 0.51% | 0.48% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 18.36x | 17.16x | 11.57x |
- EPS (₹)
- 24.61
- Book Value (₹)
- 119.30
- Dividend per Share (₹)
- 6.61
- Cash EPS (₹)
- 31.80
- Operating Margin %
- 26.95%
- Net Margin %
- 14.58%
- ROE %
- 22.84%
- ROCE %
- 32.29%
- 15.45%
- Debtor Days
- 67
- Inventory Days
- 28
- Payable Days
- 96
- -2
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- 32.99x
- 2.65x
- Revenue Growth %
- 16.06%
- Operating Profit Growth %
- 13.53%
- Net Profit Growth %
- 18.35%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 31.12
- Book Value (₹)
- 130.28
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 43.51
- Operating Margin %
- 28.59%
- Net Margin %
- 14.19%
- ROE %
- 24.94%
- ROCE %
- 33.27%
- 14.56%
- Debtor Days
- 74
- Inventory Days
- 29
- Payable Days
- 92
- 11
- Debt to Equity (x)
- 0.35x
- Interest Coverage (x)
- 11.74x
- 1.14x
- Revenue Growth %
- 29.97%
- Operating Profit Growth %
- 37.88%
- Net Profit Growth %
- 26.47%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 18.24
- Book Value (₹)
- 134.04
- Dividend per Share (₹)
- 4.90
- Cash EPS (₹)
- 30.93
- Operating Margin %
- 23.36%
- Net Margin %
- 9.47%
- ROE %
- 13.99%
- ROCE %
- 18.71%
- 7.79%
- Debtor Days
- 94
- Inventory Days
- 37
- Payable Days
- 93
- 38
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 6.46x
- 1.30x
- Revenue Growth %
- -9.69%
- Operating Profit Growth %
- -26.22%
- Net Profit Growth %
- -39.73%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 9.50
- Book Value (₹)
- 130.81
- Dividend per Share (₹)
- 1.20
- Cash EPS (₹)
- 23.02
- Operating Margin %
- 16.84%
- Net Margin %
- 5.60%
- ROE %
- 7.18%
- ROCE %
- 8.78%
- 4.45%
- Debtor Days
- 95
- Inventory Days
- 47
- Payable Days
- 103
- 39
- Debt to Equity (x)
- 0.27x
- Interest Coverage (x)
- 3.16x
- 1.27x
- Revenue Growth %
- -11.84%
- Operating Profit Growth %
- -36.43%
- Net Profit Growth %
- -47.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 8.14
- Book Value (₹)
- 137.64
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 22.34
- Operating Margin %
- 15.76%
- Net Margin %
- 4.81%
- ROE %
- 6.06%
- ROCE %
- 7.42%
- 3.73%
- Debtor Days
- 104
- Inventory Days
- 61
- Payable Days
- 125
- 40
- Debt to Equity (x)
- 0.20x
- Interest Coverage (x)
- 5.73x
- 1.42x
- Revenue Growth %
- -0.29%
- Operating Profit Growth %
- -6.68%
- Net Profit Growth %
- -14.34%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 0.38
- Book Value (₹)
- 139.25
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 14.51
- Operating Margin %
- 9.71%
- Net Margin %
- 0.21%
- ROE %
- 0.27%
- ROCE %
- 1.82%
- 0.17%
- Debtor Days
- 99
- Inventory Days
- 60
- Payable Days
- 107
- 53
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 1.32x
- 1.51x
- Revenue Growth %
- 4.42%
- Operating Profit Growth %
- -35.71%
- Net Profit Growth %
- -95.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 1.66
- Book Value (₹)
- 139.65
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 16.65
- Operating Margin %
- 10.53%
- Net Margin %
- 0.80%
- ROE %
- 1.19%
- ROCE %
- 4.18%
- 0.75%
- Debtor Days
- 86
- Inventory Days
- 53
- Payable Days
- 86
- 53
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 1.71x
- 1.41x
- Revenue Growth %
- 17.94%
- Operating Profit Growth %
- 27.98%
- Net Profit Growth %
- 340.14%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 3.04
- Book Value (₹)
- 142.01
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 18.64
- Operating Margin %
- 10.29%
- Net Margin %
- 1.32%
- ROE %
- 2.16%
- ROCE %
- 4.98%
- 1.28%
- Debtor Days
- 96
- Inventory Days
- 56
- Payable Days
- 95
- 58
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 2.04x
- 1.37x
- Revenue Growth %
- 10.48%
- Operating Profit Growth %
- 10.33%
- Net Profit Growth %
- 82.77%
- 82.77%
- P/E (x)
- 134.97x
- P/B (x)
- 2.89x
- Dividend Yield %
- 0.24%
- 18.36x
- EPS (₹)
- 7.68
- Book Value (₹)
- 147.91
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 24.05
- Operating Margin %
- 11.40%
- Net Margin %
- 2.88%
- ROE %
- 5.30%
- ROCE %
- 8.05%
- 3.12%
- Debtor Days
- 83
- Inventory Days
- 49
- Payable Days
- 83
- 49
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 3.33x
- 1.24x
- Revenue Growth %
- 15.64%
- Operating Profit Growth %
- 28.52%
- Net Profit Growth %
- 152.46%
- 152.46%
- P/E (x)
- 64.35x
- P/B (x)
- 3.34x
- Dividend Yield %
- 0.51%
- 17.16x
- EPS (₹)
- 3.86
- Book Value (₹)
- 148.25
- Dividend per Share (₹)
- 1.30
- Cash EPS (₹)
- 21.97
- Operating Margin %
- 9.62%
- Net Margin %
- 1.40%
- ROE %
- 2.61%
- ROCE %
- 4.72%
- 1.51%
- Debtor Days
- 82
- Inventory Days
- 48
- Payable Days
- 88
- 42
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 2.42x
- 1.10x
- Revenue Growth %
- 3.28%
- Operating Profit Growth %
- -13.14%
- Net Profit Growth %
- -49.74%
- -49.74%
- P/E (x)
- 70.75x
- P/B (x)
- 1.84x
- Dividend Yield %
- 0.48%
- 11.57x
Documents
Announcements
- Shareholders meeting
2026-08-08 - Igarashi Motors India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 07, 2026. Further, the company has informed the Exchange regarding voting results.
- Updates
2026-08-07 - Igarashi Motors India Limited has informed the Exchange regarding 'Outcome of 34th AGM'.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2017
Feb 2017
Nov 2016

