Igarashi Motors India Limited

Web: igarashimotors.com NSE: IGARASHI BSE: 517380 SECTOR: Automobile and Auto Components - Auto Components | Add Note | View Notes

418 2(0%)

Volume

5L as on 19, Jun

Open

714

High

720

Low

700

416

VWAP

408

52 Week High

558

52 Week Low

271

Viand Research Rating

Quality Score

54/100

Growth Score

82/100

Valuation Score

50/100

Momentum Score

45/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

1,316

No. of Shares

3.15

P/E

135.06

P/B

4.93

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

3.65

ROCE

Profit Growth

Listing Date

09-Oct-03

Promoter Holding

75%

FII Holding

0.5%

DII Holding

3.65%

Price Chart

Price Performance

1 Week9%

1 Month4%

3 Months35%

6 Months27%

1 Year27%

YTD27%

Moving Average

5 Day SMA396

10 Day SMA383

20 Day SMA381

30 Day SMA388

50 Day SMA377

61 Day SMA363

80 Day SMA0

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	439	402	427	435
Resistance 2	427	400	416	424
Resistance 1	411	397	409	406
Pivot Point	398	394	398	396
Support 1	382	392	387	378
Support 2	370	389	381	368
Support 3	354	387	370	349

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	MARUTI	3,99,008	12694	4%	9%	11%	12%	29	50.8	0	14680
2	M&M	3,93,950	3170	5%	8%	6%	10%	22	50.8	1.47	18622
3	BAJAJ-AUTO	3,27,978	11919	2%	1%	22%	31%	28	50.8	0.58	10574
4	EICHERMOT	2,08,650	7630	5%	4%	2%	20%	42	50.8	0.02	5515
5	TVSMOTOR	1,96,639	4139	5%	4%	10%	22%	244	50.8	3.43	3186
6	HYUNDAI	1,79,100	2204	4%	2%	0%	13%	29	50.8	0.05	5432
7	MOTHERSON	1,69,360	160	2%	5%	26%	72%	42	50.8	0.47	4086
8	TATAMOTORS	1,49,439	383	10%	2%	1%	13%	7	50.8	0.71	82645
9	BOSCHLTD	1,38,056	46805	4%	14%	33%	15%	43	50.8	0.01	2773
10	TMPV	1,15,080	312	1%	11%	16%	25%	51	50.8	0.71	82645
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%
FIIs	(0.41) 0.50%	(0.01) 0.13%	(0.01) 0.10%	(-0.81) 0.12%	(-0.21) 0.94%	(-0.21) 1.15%	(0.41) 1.30%	(0.11) 0.90%	(-0.11) 0.82%	(0.01) 0.89%	(0.71) 0.86%	(-0.11) 0.14%	(0.21) 0.24%	(0.01) 0.08%	(0.01) 0.08%	(0.01) 0.10%	(0.01) 0.11%	(0.01) 0.11%	(0.11) 0.14%	(0.01) 0.03%
DIIs	(1.51) 3.65%	(0.01) 2.12%	(-0.11) 2.13%	(0.11) 2.21%	(-0.21) 2.08%	(0.51) 2.28%	(0.11) 1.79%	(-0.31) 1.73%	(0.21) 2.05%	(0.01) 1.87%	(-0.71) 1.90%	(0.21) 2.62%	(0.51) 2.40%	(0.31) 1.94%	(-0.11) 1.68%	(0.61) 1.80%	(-0.11) 1.22%	(-1.11) 1.31%	(0.21) 2.44%	(0.01) 2.26%
Public	20.86%	22.75%	22.77%	22.66%	21.98%	21.57%	21.90%	22.35%	22.13%	22.25%	22.23%	22.24%	22.36%	22.98%	23.23%	23.11%	23.67%	23.58%	22.42%	22.71%
No. of Shareholders	27,607	26,971	27,129	26,598	25,263	25,238	26,293	27,505	23,730	24,109	24,011	22,836	22,757	23,469	23,987	25,310	26,511	26,113	24,098	25,403

Quarterly Results

	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	222.07	204.6	173.75	178.44	168.25	172.93	166.98	173.73	142.61	137.82	111.19	158.99	148.39
Sales Growth % (YoY)	32%	18.3%	4%	2.7%	18%	25.5%	50.2%	9.3%	-3.9%	-18.2%	-34%	5.8%	226.1%
Sales Growth % (QoQ)	8.5%	17.8%	-2.6%	6.1%	-2.7%	3.6%	-3.9%	21.8%	3.5%	23.9%	-30.1%	7.1%	-
Expenses	196.75	182.16	156.46	161.11	152.04	151.06	151.67	158.38	134.78	129.71	108.65	140.4	131.23
Operating Profit	25.32	22.44	17.29	17.33	16.21	21.87	15.31	15.35	7.83	8.11	2.54	18.59	17.16
OPM %	11.4	10.97	9.95	9.71	9.63	12.65	9.17	8.84	5.49	5.88	2.28	11.69	11.56
Other Income	1.37	0.34	0.73	0.46	0.9	3.33	3.8	0.59	0.31	0.46	3.88	1.85	0.74
Interest	3.38	2.78	3.51	3.38	3.07	3.18	3.35	3.11	2.5	1.66	1.12	1.94	1.83
Depreciation	12.39	12.13	12.41	12.41	12.12	11.94	11.88	12.07	11.26	11.11	11.04	11.31	11.01
Profit before tax	10.92	7.87	2.1	2	1.92	10.08	3.88	0.76	-5.62	-4.2	-5.74	7.19	5.06
Tax %	25.27	34.69	25.71	27	26.04	24.31	65.46	38.16	-25.27	-21.9	-23	28.51	25.89
Net Profit	8.16	5.14	1.56	1.46	1.43	7.63	1.34	0.47	-4.2	-3.28	-4.42	5.14	3.75
Net Profit Growth % (QoQ)	58.8%	229.5%	6.8%	2.1%	-81.3%	469.4%	185.1%	111.2%	-28%	25.8%	-186%	37.1%	-
Net Profit Growth % (YoY)	470.6%	-32.6%	16.4%	210.6%	134%	332.6%	130.3%	-90.9%	-212%	-	-	-	-
TTM Net Profit	16.32	9.59	12.08	11.86	10.87	5.24	-5.67	-11.43	-6.76	1.19	4.47	8.89	0
EPS in Rs	2.59	1.63	0.5	0.46	0.45	2.42	0.43	0.15	-1.33	-1.04	-1.4	1.63	1.19

Profit and Loss

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2006
Sales	725	656	556	533	534	606	671	516	445	385	361	291	176
Sales Growth %	10.5%	18%	4.4%	-0.3%	-11.8%	-9.7%	30%	16.1%	15.6%	6.6%	24.2%	8.3%	-
Expenses	650	595	509	458	456	490	513	394	337	305	292	237	176
Operating Profit	75	61	47	74	78	117	158	122	108	80	69	54	0
OPM %	10	9	8	14	15	19	24	24	24	21	19	19	-0.2
Other Income	2	8	7	10	12	25	34	17	14	17	18	2	14
Interest	13	13	7	7	15	16	13	4	6	7	13	14	6
Depreciation	49	47	44	45	43	40	38	22	19	19	16	13	6
Profit before tax	14	9	2	32	32	86	141	114	97	72	58	29	2
Tax %	31	42	48	21	8	33	32	34	35	32	21	27	26
Net Profit	10	5	1	26	30	57	95	75	64	49	46	21	1
Net Profit Growth %	100%	400%	-96.2%	-13.3%	-47.4%	-40%	26.7%	17.2%	30.6%	6.5%	119%	2000%	-
EPS in Rs	3.04	1.66	0.38	8.14	9.5	18.24	27.69	21.9	18.5	14.23	13.49	9.33	0
Dividend Payout %	33	60	0	18	13	27	19	27	26	28	20	0	194

Cash Flows

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2006
Cash from Operating Activity	50	34	73	41	90	164	94	82	64	59	45	59	-25
Cash from Investing Activity	-51	-32	-55	6	-41	-104	-69	-159	20	-14	-30	-42	-26
Cash from Financing Activity	0	-4	-24	-38	-49	-59	-27	-29	-49	-6	20	-18	65
Net Cash Flow	-1	-1	-6	9	0	0	-1	-106	34	39	35	-1	13

Balance Sheet

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2006
Equity Capital	31	31	31	31	31	31	31	31	31	31	30	20	14
Reserves	416	408	407	408	391	398	368	335	264	220	189	102	57
Borrowings	138	121	100	95	124	118	140	22	44	58	51	78	62
Other Liabilities	189	166	138	165	126	122	266	117	133	132	89	70	54
Total Liabilities	774	726	677	700	673	670	805	504	471	440	360	271	187
Fixed Assets	366	379	378	370	394	383	320	158	138	121	126	122	72
CWIP	35	13	11	10	11	23	44	3	12	1	1	3	14
Investments	16	17	21	1	28	34	50	174	34	26	21	29	2
Other Assets	357	318	267	320	240	231	391	169	288	292	212	117	99
Total Assets	774	726	677	700	673	670	805	504	471	440	360	271	187

Delivery

Delivery Data: IGARASHI

#	Date	412 31% 538	Value (Cr)	Q/T 32	Del 33	Del 15
1	4-Sep	423	2	25	44	1
2	3-Sep	416	1	24	51	1
3	2-Sep	415	1	18	50	1
4	1-Sep	421	2	22	39	1
5	31-Aug	420	1	20	52	1
6	28-Aug	427	1	24	50	1
7	27-Aug	421	2	22	49	1
8	26-Aug	426	2	24	52	1
9	25-Aug	428	2	28	53	1
10	24-Aug	431	4	26	57	2
11	21-Aug	444	2	20	55	1
12	20-Aug	447	2	30	54	1
13	19-Aug	439	2	29	51	1
14	18-Aug	450	5	27	44	2
15	17-Aug	455	4	27	48	2
16	14-Aug	457	4	27	43	2
17	13-Aug	451	2	24	40	1
18	12-Aug	448	4	26	49	2
19	11-Aug	458	4	26	35	1
20	10-Aug	457	11	31	39	4
21	7-Aug	465	33	39	28	9
22	6-Aug	494	405	48	7	29
23	5-Aug	461	2	18	49	1
24	4-Aug	461	3	21	55	1
25	3-Aug	467	3	22	58	2
26	31-Jul	451	1	15	53	1
27	30-Jul	445	1	20	54	1
28	29-Jul	456	3	21	46	1
29	28-Jul	447	2	18	58	1
30	27-Jul	456	1	15	48	1
31	24-Jul	456	2	18	48	1
32	23-Jul	443	2	18	45	1
33	22-Jul	448	2	21	46	1
34	21-Jul	457	3	24	37	1
35	20-Jul	452	2	21	47	1
36	17-Jul	457	6	32	34	2
37	16-Jul	468	2	22	45	1
38	15-Jul	466	3	27	39	1
39	14-Jul	464	2	21	56	1
40	13-Jul	475	4	19	36	1
41	10-Jul	475	3	23	48	1
42	9-Jul	469	3	22	45	1
43	8-Jul	463	6	20	38	2
44	7-Jul	471	5	24	46	2
45	6-Jul	492	10	30	42	4
46	3-Jul	494	9	48	59	5
47	2-Jul	483	7	36	44	3
48	1-Jul	479	9	37	40	3
49	30-Jun	459	6	35	44	3
50	29-Jun	459	4	34	37	2

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	1,316c	14c	1.05
03-Sep	1,330c	4c	0.27
01-Sep	1,326c	5c	0.35
31-Aug	1,331c	7c	0.55
27-Aug	1,324c	27c	2.03
26-Aug	1,351c	3c	0.20
25-Aug	1,354c	7c	0.49
24-Aug	1,360c	52c	3.66
21-Aug	1,412c	33c	2.42
19-Aug	1,379c	43c	2.99
18-Aug	1,421c	16c	1.12
17-Aug	1,437c	7c	0.48
14-Aug	1,444c	20c	1.41
13-Aug	1,424c	9c	0.65
12-Aug	1,415c	24c	1.64
11-Aug	1,438c	32c	2.17
10-Aug	1,470c	5c	0.31
07-Aug	1,466c	141c	8.78
06-Aug	1,607c	160c	11.09
05-Aug	1,446c	2c	0.14
04-Aug	1,449c	29c	2.04
31-Jul	1,420c	10c	0.74
30-Jul	1,409c	20c	1.42
29-Jul	1,429c	19c	1.32
28-Jul	1,411c	12c	0.83
27-Jul	1,423c	16c	1.09
24-Jul	1,438c	0	0

Stock Checklist

Price is above from 52 week high low average: 51%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 4 fund scheme(s) across 1 fund house(s) as of Aug26 · Total value ₹87 Cr · 0 increasing / 4 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Kotak Mahindra Mutual Fund	4	1.57%	-0.10%	87

Igarashi Motors India Limited

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