Igarashi Motors India
- Market cap
- ₹ 1,115 Cr.
- P/E
- 70.9x
- P/B
- 2.47x
- 52-week range
- 271.05 – 537.9
- ROE
- 3%
- ROCE
- 5%
- Dividend yield
- 0.4%
- Debt / equity
- 0.31
- Sector
- Auto Components
- Industry
- Auto Components & Equipments
- Listed on
- NSE, BSE
About
Igarashi Motors India Limited is engaged in the manufacture of micro motors and its accessories for the automotive sector and motors for brushless DC motors (BLDC) for fans. The Company is primarily engaged in the production and export of Permanent Magnet DC Motors for Actuation in Air Management (ETC, EGR, CCV, VGT, WGA) and Safety applications (Electric Parking Brake, Park Lock Actuators), Body systems (Trunk Opening & Closing devices) and Sub-assemblies for seat applications, fuel pump, window lift and coolant control hub mainly for the automotive sector. Its products include Electric Parking Brake (EPB), Trunk Opening and Closing Device (TOCD), Park Lock Actuators (PLA), Electric Vacuum Pump (EVP), Head Rest Actuators, Electronic System Design & Manufacturing (ESDM), Energy-Efficient BLDC motor for consumer appliance segment and others. Its manufacturing facilities and two logistics warehouses are located at MEPZ-SEZ, Chennai, and the Domestic Tariff Area Unit at Maraimalai Nagar.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Auto Components & Equipments: 155 companies →Igarashi Motors India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)70.9 against a typical 27.4: pricier than most peers (1st = cheapest).134th of 153
- Sales growth+22.5% against a typical +20.7% from a year earlier.62nd of 142
- Profit growth+169.7% against a typical +15.3% from a year earlier.18th of 127
- Share price, 3 months−19.5% against a typical −4.4%.128th of 142
- Size₹ 1,114.9 Cr. market value against a typical ₹ 728 Cr. (1st = largest).61st of 138
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE A+ / CARE A1+ | Stable | 30 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 30 Mar 2026 | Reaffirmed | CARE A+ / CARE A1+ | — | CARE | ₹ 169.65 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 5 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 6 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 21 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 11 Feb 2026 | Financial Results | Board Meeting to consider Unaudited Financial Results for the third quarter ended December 31, 2025 as per IndAS |
| 6 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 7 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 22 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 178 | 174 | 205 | 222 | 216 | 211 | 189 | 205 | 219 | 216 | 226 | 251 |
| Expenses | 161 | 156 | 182 | 197 | 190 | 187 | 170 | 185 | 196 | 196 | 207 | 226 |
| Operating Profit | 17 | 17 | 22 | 25 | 26 | 24 | 20 | 20 | 23 | 20 | 19 | 25 |
| OPM % | 9.7% | 10% | 11% | 11.4% | 12.2% | 11.3% | 10.4% | 9.6% | 10.7% | 9.4% | 8.5% | 9.8% |
| Other Income | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 |
| Interest | 3 | 4 | 3 | 3 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 3 |
| Depreciation | 12 | 12 | 12 | 12 | 13 | 13 | 13 | 14 | 14 | 14 | 15 | 16 |
| Profit before tax | 2 | 2 | 8 | 11 | 10 | 7 | 4 | 3 | 6 | 4 | 3 | 7 |
| Tax % | 27% | 25.7% | 34.7% | 25.3% | 25.3% | 28.1% | 23.5% | 25.2% | 26.6% | 17.1% | 42% | 5.5% |
| Net Profit | 1 | 2 | 5 | 8 | 8 | 5 | 3 | 3 | 5 | 4 | 2 | 7 |
| EPS in Rs | 0.46 | 0.5 | 1.63 | 2.59 | 2.47 | 1.64 | 0.97 | 0.8 | 1.44 | 1.11 | 0.51 | 2.15 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 7%
- 5 Years
- 10%
- 3 Years
- 10%
- TTM
- 11%
- 10 Years
- −15%
- 5 Years
- −14%
- 3 Years
- 32%
- TTM
- −11%
- 10 Years
- −3%
- 5 Years
- −1%
- 3 Years
- −5%
- TTM
- —
- 10 Years
- 8%
- 5 Years
- 2%
- 3 Years
- 3%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Igarashi Motors India | ₹ 367.00 | ₹ 1,115 Cr. | 70.9x | 2.5x | 3% | — |
| Samvardhana Motherson International | ₹ 151.00 | ₹ 1,59,367 Cr. | 35.1x | 3.7x | 10.2% | 3.2% |
| Cummins India | ₹ 4,338.90 | ₹ 1,20,274 Cr. | 62.3x | 17.8x | 29.5% | 19.5% |
| Bosch | ₹ 44,045.85 | ₹ 1,29,918 Cr. | 51.3x | 8.1x | 19.4% | 13.8% |
| UNO Minda | ₹ 1,052.00 | ₹ 60,749 Cr. | 54.8x | 9.8x | 19.1% | 6.5% |
| Sona Blw Precision Forgings | ₹ 752.80 | ₹ 46,984 Cr. | 64.6x | 7.3x | 11.2% | 14.1% |
Management
- S. Vivekchandranath
- Chief Financial Officer
- P. Govindaraju
- Chief Operating Officer
- P. Dinakara Babu
- Compliance Officer, Company Secretary
- R. Chandrasekaran
- Managing Director
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